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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916387 times)
Franktank
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July 20, 2013, 02:29:53 AM
 #10181

cause Friedcat is a sellout and a burnout

Careful son, you're gonna get lynched. Granted, this doesn't mean much coming from an AMC investor.
yuchuanzhen
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July 20, 2013, 04:09:06 AM
Last edit: July 20, 2013, 05:06:10 AM by yuchuanzhen
 #10182

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
burnside
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July 20, 2013, 04:11:25 AM
 #10183

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad


Hi burnside,

Since we’re futures exchange, the volume will be great with leverage. The VIP value is easy to earn. And we count 3 times value for automatic settle on Sundays. There has already several members with VIP4 so far. And this VIP tier plan will show its great advantage in the near future. Another reason for the commission plan is that we have free 796Futures-PD exclusively: https://796.com/stockpd?lang=en
Now we gift stocks according to trading volume. For earlier investors, the value of the stocks they get has increased 5 to 10 times; and now the investors can get free stocks for their trading and the value of the stocks can compensate the commission. We guess this is preferable and comforting. See here: https://796.com/other/stock.html?lang=en

About login, users are required to enter Google authenticator after they enable it when they access to their accounts(Mt. Gox style). Besides, we have our creational security code which is saved completely separated and members are requested to enter the security code manually when they want to withdraw. And then we will check the code ourselves. That’s to say, we could definitely protect our users’ fund unless they let out their security code themselves.

Thanks for your attention and your advice.

796 Exchange

Glad I was wrong on the 2FA.  (It must be on some second step page somehow?)

Regarding the fees... If you do the math using the table by the time a trader reaches VIP6 (PAR with btct.co at 0.2% with 2FA enabled) the trader will have paid:

(900,000*.004 = 3600) + (90,000*.006 = 540) + (9,000*.008 = 72) + (900*.01 = 9) + (100*.012 = 1.2) = 4222.2 BTC in fees.

Or, you could just turn on 2FA on btct.co and for your first 1,000,000 in volume pay less than half that at (1,000,000*.002) = 2000 BTC in fees.

I realize there are some alternate products, but for ASICMINER trading, you're paying a lot more in fees unless you hold enough stock to get 50% of the fees back... 2222.2 BTC is a pretty wide gap to close with dividends.

empoweoqwj
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July 20, 2013, 05:03:36 AM
 #10184

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Thanks for update.

Re: "Kind like 30th", does that mean further delays beyond 30th are possible. Can you put a % on how likely the new blades will ship this month?

Cheers,
yuchuanzhen
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July 20, 2013, 05:14:22 AM
 #10185

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Thanks for update.

Re: "Kind like 30th", does that mean further delays beyond 30th are possible. Can you put a % on how likely the new blades will ship this month?

Cheers,
Sorry,I'm not sure.
All I know is "the blade will be shipped  around 30th,by order".

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
Franktank
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July 20, 2013, 05:38:31 AM
 #10186

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Can this news be confirmed? Nice to get some but if only rumors...
BlackLilac Jordan
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July 20, 2013, 05:47:27 AM
 #10187

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?
yuchuanzhen
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July 20, 2013, 05:53:39 AM
 #10188

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Can this news be confirmed? Nice to get some but if only rumors...
Yeah,pretty sure.

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
Ninshatamoto
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July 20, 2013, 05:57:04 AM
 #10189

Well, that news should push share price down a bit in the time being...I thought I read somewhere that Friedcat is putting out the financial report on the 23rd.  Am I wrong on that?  My guess is that it is anticipated to be good news, since it's coming out right before dividends.
dhenson
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July 20, 2013, 05:58:20 AM
 #10190

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?

Asicminer hasn't opened pre-orders directly, though Rockxie has advertised them in China and has been accepting pre-orders.

[speculation]Could explain why friedcat hasn't made an official announcement, simply because he wanted to wait until any issues are resolved.[/speculation]

Kind of a <yawn> in any case.
yuchuanzhen
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July 20, 2013, 06:00:40 AM
 #10191

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?
Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

About me?Just nobody.
You can check my post history.
like: https://bitcointalk.org/index.php?topic=99497.msg2695650#msg2695650
https://bitcointalk.org/index.php?topic=99497.msg2611447#msg2611447
https://bitcointalk.org/index.php?topic=99497.msg2611293#msg2611293

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
dhenson
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July 20, 2013, 06:02:22 AM
 #10192

Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

For clarity, those pre-orders are from Rockxie, the China re-seller, not Asicminer direct.
BlackLilac Jordan
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July 20, 2013, 06:06:39 AM
 #10193

Well, that news should push share price down a bit in the time being...I thought I read somewhere that Friedcat is putting out the financial report on the 23rd.  Am I wrong on that?  My guess is that it is anticipated to be good news, since it's coming out right before dividends.


23rd at the latest, he has said.    Smiley
yuchuanzhen
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July 20, 2013, 06:07:14 AM
 #10194

Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

For clarity, those pre-orders are from Rockxie, the China re-seller, not Asicminer direct.
Yes,sorry for the unclear.

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
aahzmundus
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July 20, 2013, 06:07:52 AM
 #10195

Yeah, seems like Rockxie is the anti-Friedcat.  He over promises, accepts pre-orders, releases information before things are set in stone... EVERYTHING that Friedcat has NOT done that has made him so great. I worry that Rockxie by being the gateway to ASICMINER for much of China may be in a way ruining our good name.  How hard is it to just follow Friedcat's formula?  The reason he is now using re-sellers is because of the success of his methods, why fuck it up and make the mistakes of our competitors.

I do not like this.

empoweoqwj
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July 20, 2013, 06:15:25 AM
 #10196

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?
Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

About me?Just nobody.
You can check my post history.
like: https://bitcointalk.org/index.php?topic=99497.msg2695650#msg2695650
https://bitcointalk.org/index.php?topic=99497.msg2611447#msg2611447
https://bitcointalk.org/index.php?topic=99497.msg2611293#msg2611293


If you are nobody, how did you get the news?  Wink

Not having a go, just asking .... I'm getting uncomfortable with news being leaked out, and shareholders being the last to know. If there is news of delay, or any important news for that matter,  friedcat should release this info to everyone, not have it leaked out. Knowledge is money.
aahzmundus
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July 20, 2013, 07:22:05 AM
 #10197

The new Weekly Write-Up is done!  Took a little longer this week because... well... I was sleeping most of the last 48 hours.

View the new Write-Up here: https://docs.google.com/document/d/18ZQsYx0dYWV-mlO8szVAYKJfaVZMueH_crS0UMzBfbk/edit?usp=sharing

Again if you have any comments, questions, suggestions, or corrections... please let me know!  Special thanks this week to SmiGueL for making me a special chart!

If you ever see someone complain about "people post too much shit here, how is anyone supposed to keep up with things!" just link them this.

Ninshatamoto
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July 20, 2013, 07:23:03 AM
 #10198

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?
Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

About me?Just nobody.
You can check my post history.
like: https://bitcointalk.org/index.php?topic=99497.msg2695650#msg2695650
https://bitcointalk.org/index.php?topic=99497.msg2611447#msg2611447
https://bitcointalk.org/index.php?topic=99497.msg2611293#msg2611293


If you are nobody, how did you get the news?  Wink

Not having a go, just asking .... I'm getting uncomfortable with news being leaked out, and shareholders being the last to know. If there is news of delay, or any important news for that matter,  friedcat should release this info to everyone, not have it leaked out. Knowledge is money.

Based on the news he's put out here and in the past I'm fairly certain that he isn't party to any privileged information, but he is able to read the websites and statements that are coming out in China.
aahzmundus
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July 20, 2013, 07:31:18 AM
 #10199

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.


Does anyone know who this person is and what he is talking about? ASICMINER has not taken any pre-orders, have they?
Yes,ASICMINER got pre-orders for New&Mine blade,just in China.

About me?Just nobody.
You can check my post history.
like: https://bitcointalk.org/index.php?topic=99497.msg2695650#msg2695650
https://bitcointalk.org/index.php?topic=99497.msg2611447#msg2611447
https://bitcointalk.org/index.php?topic=99497.msg2611293#msg2611293


If you are nobody, how did you get the news?  Wink

Not having a go, just asking .... I'm getting uncomfortable with news being leaked out, and shareholders being the last to know. If there is news of delay, or any important news for that matter,  friedcat should release this info to everyone, not have it leaked out. Knowledge is money.

Based on the news he's put out here and in the past I'm fairly certain that he isn't party to any privileged information, but he is able to read the websites and statements that are coming out in China.

This is correct.  So don't be pissed at him... be thankful and give him a tip (I have in the past) to encourage him to keep translating things I will never understand, and be on the watch for new info.  Without him we would be in the dark on many updates.

Why has friedcat not told us himself some of these things?  Because he waits for things the be finalized... 

Ninshatamoto
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July 20, 2013, 07:34:06 AM
 #10200

The new Weekly Write-Up is done!  Took a little longer this week because... well... I was sleeping most of the last 48 hours.

View the new Write-Up here: https://docs.google.com/document/d/18ZQsYx0dYWV-mlO8szVAYKJfaVZMueH_crS0UMzBfbk/edit?usp=sharing

Again if you have any comments, questions, suggestions, or corrections... please let me know!  Special thanks this week to SmiGueL for making me a special chart!

If you ever see someone complain about "people post too much shit here, how is anyone supposed to keep up with things!" just link them this.

Great write-up!  Thanks for all the details and especially the direct post links!  
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