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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914707 times)
Vexual
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July 25, 2013, 02:46:05 AM
 #10421

Good for you, but what does that tell us about high density chips?  Nothing.
True, however higher density chips have relatively similar power useage as I see. I don't see any big advantage there yet.

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VolanicEruptor
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July 25, 2013, 02:55:32 AM
 #10422

Good for you, but what does that tell us about high density chips?  Nothing.
True, however higher density chips have relatively similar power useage as I see. I don't see any big advantage there yet.


That is totally wrong, and I shouldn't even have to dig up references to prove it.  Everyone here knows that power efficiency rises with smaller chips.  Learn your facts..

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July 25, 2013, 02:57:54 AM
 #10423

You're a wanker.

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empoweoqwj
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July 25, 2013, 03:07:00 AM
 #10424

I'd guess that the recent dump of passthrough shares on btct was not about rumours regarding the legality of virtual stock exchanges.
I suppose that someone did their sums and came to the conclusion that it might be a good idea to invext in some actual asicminer hardware over the coming weeks.

Well it really was panic selling of many btct shares, and it really did happen just as soon as the discussion started about btct closing its doors to US citizens, especially when Burnside confirmed he was considering it.

So I don't think it was just people just suddenly deciding the time was right to put their bitcoins elsewhere. Timing was way too much of a coincidence.
VolanicEruptor
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July 25, 2013, 03:15:00 AM
 #10425

You're a wanker.

 Wink

Pale Phoenix
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July 25, 2013, 03:20:22 AM
 #10426


What, no eruption? You disappoint. Smiley

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July 25, 2013, 03:25:25 AM
 #10427


I laugh when i hear words like "wanker" and "cheers".
I can't erupt over entertainment value from strange countries..

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July 25, 2013, 04:26:24 AM
 #10428

The price has pretty well recovered already.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
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July 25, 2013, 04:54:39 AM
 #10429

The price has pretty well recovered already.

Its stable on btct and bitfunder still a bit of lag on havelock though
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July 25, 2013, 05:43:37 AM
 #10430

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)

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July 25, 2013, 05:51:53 AM
 #10431

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)



Every time you post now, burnside, there is a sell-off at BTC-TC. Smiley

Freedom is a state of mind, and then Bitcoin comes along.....
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July 25, 2013, 06:01:10 AM
 #10432

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)



I have no idea posts in the havelock thread well we can download our whole trade history but better to inquire what happens exactly Smiley
Download as CSV/Excel
https://www.havelockinvestments.com/transactions.php?csv
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July 25, 2013, 11:24:40 AM
 #10433

Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (National Instrument 45-106).

Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.

don't tell people that, you'll make the price rise before my confirmations...

3 confirmations never went so slow... I missed the train  Sad

Finally I got some cheap shares  Grin
JordanL
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July 25, 2013, 12:54:22 PM
 #10434

Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (National Instrument 45-106).

Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.

don't tell people that, you'll make the price rise before my confirmations...

3 confirmations never went so slow... I missed the train  Sad

Finally I got some cheap shares  Grin

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.
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July 25, 2013, 01:15:05 PM
 #10435

I had trouble understanding the timeline form friedcat's post on page 532:

Project Timeline

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

What does that timeline refer to? Hardware leasing/franchising, or the actual hardware sales?Can anyone please enlighten? Verb combination Deploy/sell confuses me in particular.
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July 25, 2013, 03:18:42 PM
 #10436

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 BTC/share
0.7 BTC/share
1.2 BTC/share
2.5 BTC/share
4.5 BTC/share

Double digits will happen in 2013.
Strange Vlad
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July 25, 2013, 03:23:13 PM
 #10437

I had trouble understanding the timeline form friedcat's post on page 532:

Project Timeline

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

What does that timeline refer to? Hardware leasing/franchising, or the actual hardware sales?Can anyone please enlighten? Verb combination Deploy/sell confuses me in particular.

Well, as I understand it, "deploy" means mass deployment (either themselves or by franchise) and "sell" means retail sales.  Or maybe franchise falls under "sell", but either way "deploy/sell" must include anything you can do with the hashpower.

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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dree12
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July 25, 2013, 03:34:15 PM
 #10438

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?
TsuyokuNaritai
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July 25, 2013, 03:40:09 PM
 #10439

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?

Friedcat's franchise plans on top of the hardware selling implies he's planning to grow way beyond 30% of the hashrate share. Do you want to bet against him? Smiley

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July 25, 2013, 03:53:33 PM
 #10440

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?

Friedcat's franchise plans on top of the hardware selling implies he's planning to grow way beyond 30% of the hashrate share. Do you want to bet against him? Smiley

ASICMiner products probably exceed 30% of the hashrate share already. But you have to realize this:

ASICMiner valuation = (ASICMiner hashrate share + ASICMiner customer hashrate share) * mining share of bitcoin valuation * bitcoin valuation

I highly doubt all mining makes up 30% of Bitcoin's industry, let alone a part of mining.
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