Bitcoin Forum
December 05, 2022, 06:23:24 PM *
News: Reminder: do not keep your money in online accounts
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 [555] 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914566 times)
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001

Unlimited Free Crypto


View Profile
August 15, 2013, 07:43:54 PM
 #11081

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Will take me a while to climb up again, But where is a will, there is a way...
1670264604
Hero Member
*
Offline Offline

Posts: 1670264604

View Profile Personal Message (Offline)

Ignore
1670264604
Reply with quote  #2

1670264604
Report to moderator
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1670264604
Hero Member
*
Offline Offline

Posts: 1670264604

View Profile Personal Message (Offline)

Ignore
1670264604
Reply with quote  #2

1670264604
Report to moderator
1670264604
Hero Member
*
Offline Offline

Posts: 1670264604

View Profile Personal Message (Offline)

Ignore
1670264604
Reply with quote  #2

1670264604
Report to moderator
1670264604
Hero Member
*
Offline Offline

Posts: 1670264604

View Profile Personal Message (Offline)

Ignore
1670264604
Reply with quote  #2

1670264604
Report to moderator
tinus42
Hero Member
*****
Offline Offline

Activity: 784
Merit: 501



View Profile
August 15, 2013, 07:53:44 PM
 #11082

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
August 15, 2013, 07:56:36 PM
 #11083

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

He means $500 car Cheesy
freedomno1
Legendary
*
Offline Offline

Activity: 1722
Merit: 1070


Learning the troll avoidance button :)


View Profile WWW
August 15, 2013, 08:00:05 PM
 #11084

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Imagines a Hot Wheels Edition Cheesy
https://www.bitcoinstore.com/pyle-plrd92-car-dvd-player-16-9-roof-mountable.html
So many tech toys here
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001

Unlimited Free Crypto


View Profile
August 15, 2013, 08:02:27 PM
 #11085

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

He means $500 car Cheesy

Joe Six Coiners should go to sleep, This is Bitcoin no one would actually give exact information about holdings. Now go play with the kids that monitor my vanitygen addresses.

On a different related matter regarding ASICMINER. Was there a new update from FC that I missed this week. Can't find it under the pile of shillzs and FUD. links?

Will take me a while to climb up again, But where is a will, there is a way...
freedomno1
Legendary
*
Offline Offline

Activity: 1722
Merit: 1070


Learning the troll avoidance button :)


View Profile WWW
August 15, 2013, 08:05:53 PM
 #11086

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

He means $500 car Cheesy

Joe Six Coiners should go to sleep, This is Bitcoin no one would actually give exact information about holdings. Now go play with the kids that monitor my vanitygen addresses.

On a different related matter regarding ASICMINER. Was there a new update from FC that I missed this week. Can't find it under the pile of shillzs and FUD. links?

Business as usual BTCgarden cancelled release returned all the bitcoins, and BlackLilac is almost ready to ship units worldwide and is holding a contest for free miners etc, sums up this week fairly well.

Unless I missed something Smiley

https://asicminer.info/forum/index.php?page=Thread&postID=138#post138
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001

Unlimited Free Crypto


View Profile
August 15, 2013, 08:08:37 PM
 #11087

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

He means $500 car Cheesy

Joe Six Coiners should go to sleep, This is Bitcoin no one would actually give exact information about holdings. Now go play with the kids that monitor my vanitygen addresses.

On a different related matter regarding ASICMINER. Was there a new update from FC that I missed this week. Can't find it under the pile of shillzs and FUD. links?

Business as usual BTCgarden cancelled release returned all the bitcoins, and BlackLilac is almost ready to ship units worldwide and is holding a contest for free miners etc, sums up this week fairly well.

Unless I missed something Smiley

Active Mining speculation against Asicminer 2nd gen. chips........... drums are rolling.....

Will take me a while to climb up again, But where is a will, there is a way...
freedomno1
Legendary
*
Offline Offline

Activity: 1722
Merit: 1070


Learning the troll avoidance button :)


View Profile WWW
August 15, 2013, 08:09:50 PM
 #11088

That doesn't count if I include that then Avalon chips were sent out to some people and no one has any idea what to do with them  Wink
And HIM got it's BFL singles signalling BFL is shipping things Cheesy
zoinky
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


Web Developer


View Profile
August 15, 2013, 08:41:00 PM
 #11089

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

lophie has ~250 shares, I'd guesstimate.
tinus42
Hero Member
*****
Offline Offline

Activity: 784
Merit: 501



View Profile
August 15, 2013, 09:29:34 PM
 #11090

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

lophie has ~250 shares, I'd guesstimate.

So roughly $500 then. I know someone who had a car which he paid 300 euro's for and he drove thousands of kms with it all over Europe. So it is not implausible. Grin
lophie
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1001

Unlimited Free Crypto


View Profile
August 15, 2013, 10:35:33 PM
 #11091

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

lophie has ~250 shares, I'd guesstimate.

So roughly $500 then. I know someone who had a car which he paid 300 euro's for and he drove thousands of kms with it all over Europe. So it is not implausible. Grin

Will take me a while to climb up again, But where is a will, there is a way...
DiabloD3
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


DiabloMiner author


View Profile WWW
August 15, 2013, 10:38:34 PM
 #11092

Yawn, so no new car this week eh.......
Your are hanging in for a car?

For this week my friend  Cool, Already got many toys.

Could you buy a car from one week's divs? Shees how many shares do you must have then? Huh

lophie has ~250 shares, I'd guesstimate.

So roughly $500 then. I know someone who had a car which he paid 300 euro's for and he drove thousands of kms with it all over Europe. So it is not implausible. Grin

Thats like saying he drove Portland ME to Washington DC. People do this rather often in shitty cars.

tinus42
Hero Member
*****
Offline Offline

Activity: 784
Merit: 501



View Profile
August 15, 2013, 10:43:29 PM
 #11093

Thats like saying he drove Portland ME to Washington DC. People do this rather often in shitty cars.

At several parts he drove on unpaved roads through hilly country with it.

Still beats renting a car I guess.

BTW: the journey you mention is 870 km long, not thousands of kms (first read Portland as Portland, Oregon), similar to Amsterdam - Prague (878 km).
Lauda
Legendary
*
Offline Offline

Activity: 2674
Merit: 2937


Terminated.


View Profile WWW
August 16, 2013, 12:13:22 AM
 #11094

So have we invented the future yet?   Roll Eyes

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
Pale Phoenix
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250



View Profile
August 16, 2013, 01:18:18 AM
 #11095

So have we invented the future yet?   Roll Eyes

Did that months ago, and made more than a few satoshis along the way. Life is good. Smiley

nubbins
Legendary
*
Offline Offline

Activity: 1554
Merit: 1009



View Profile
August 16, 2013, 01:24:31 AM
 #11096

So have we invented the future yet?   Roll Eyes

Did that months ago, and made more than a few satoshis along the way. Life is good. Smiley

+1!

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
August 16, 2013, 02:20:14 AM
 #11097

So have we invented the future yet?   Roll Eyes

Can you name any other venture that has made over 150K bitcoins in just 6 months? Paid out dividends 5x of its IPO price? Manufacture and distribute mining hardware without pre-orders?

If so, I'm all ears.

Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
August 16, 2013, 02:30:46 AM
Last edit: August 16, 2013, 02:44:21 AM by Vycid
 #11098

So have we invented the future yet?   Roll Eyes

Can you name any other venture that has made over 150K bitcoins in just 6 months? Paid out dividends 5x of its IPO price? Manufacture and distribute mining hardware without pre-orders?

If so, I'm all ears.



Obviously Bitcoin is too small a universe to have had a similar company yet. But I am reminded of South African gold mining companies in the 1970s, where companies would rapidly and regularly pay out dividends bigger than their IPO.

Or, maybe it reminds me of dot com companies around 2000. Not that those companies didn't have great ideas that would play out in the long run, just that they were all horrendously overvalued and awash with competition (ex. Cisco and Amazon, which both crashed ~90% and took a decade to recover).

This venture is indeed the most successful, but is it worth 1.6 million bitcoins?

Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
August 16, 2013, 02:50:36 AM
 #11099

Obviously Bitcoin is too small a universe to have had a similar company yet. But I am reminded of South African gold mining companies in the 1970s, where companies would rapidly and regularly pay out dividends bigger than their IPO.

His response (whether you agree with it or not):

Update
About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved. Bitcoin is already an investment itself having a great potential. Any investment, no matter how profitable, based on "turning Bitcoins to fiat first" requires double consideration. We can invest the RMBs to bonds and they are almost bound to be more profitable than just holding the RMBs, but we can never say the same to Bitcoins.

So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company. So if there are new investments, they will be as new adventures, in new collaboration structures, and after a significant period of time since ASICMINER is always the most important job for us to do before the company could gradually run itself with a little less founder involvement.

Or, maybe it reminds me of dot com companies around 2000. Not that those companies didn't have great ideas that would play out in the long run, just that they were all horrendously overvalued and awash with competition (ex. Cisco and Amazon, which both crashed ~90% and took a decade to recover).

This venture is indeed the most successful, but is it worth 1.6 million bitcoins?

That is for the market to decide, time will tell.
Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
August 16, 2013, 05:26:05 AM
 #11100

So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company.

The reality is that most people that own AM shares are very optimistic about the company. So those huge dividends have, to a large degree, been rolled back into the company rather than being invested in other ventures. This artificially inflates share prices.

As the margins on hardware decrease and cause the dividends to shrink (this will happen - in fact, it already has happened to some extent), that upward pressure on the share price will dissipate, and there will be a price adjustment. And that doesn't even consider any adjustment due to the fact that the company is less profitable in the first place.

Bitcoiners are a very idealistic and optimistic bunch, so naturally there's people waiting to buy AM shares at BTC3.8 on the belief that "it's just worth more". But equities markets are often savage in their adjustments, and this is a serious powder keg... I'm going to go on record as saying that AM will not yield 1.6 million bitcoins in profit in the next ten years (P/E ratio of 10). When people realize that, and try to cash in on their shares, there will be bagholders.

Pages: « 1 ... 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 [555] 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!