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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914570 times)
Lauda
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August 18, 2013, 11:59:56 AM
 #11241

https://bitcointalk.org/index.php?topic=276891.0

Well this will probably freeze or even hit share price pretty hard, but then again blade sales dividend craze might eat that wall pretty quickly if he provides good discount for big buyers
Wow so many shares. You're right about that.

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aahzmundus
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August 18, 2013, 12:25:16 PM
 #11242

Interesting... although without a set price it's not really a wall.  Wise to not set one so he can move with the market.

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August 18, 2013, 12:39:52 PM
 #11243

Yeah, a lot of shares, but since he didn't set a price on them, the market should be fine or shouldn't take a lot of damage. (price going down)

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August 18, 2013, 12:50:59 PM
 #11244

Reality check: law of supply and demand - price will fall.
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August 18, 2013, 12:59:47 PM
 #11245

Price is probably gonna tank a bit. It could reverse with the next dividends.
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August 18, 2013, 01:18:00 PM
 #11246

At first I was thinking that Vycid was waiting for price to go down to pick up some shares. Waiting, waiting, waiting.. is boring so it looked like pushing down or something.

But now I realize he is most bullish of your all !!
He ignites all of you. Intentionally bring incorrect numbers (like 20% instead of 10%) or unlikely scenarios with shares just to hear you cry out loud that he is so wrong Smiley

And If bear is loudly wrong then... ? :DD


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August 18, 2013, 01:23:57 PM
 #11247

price may slump a bit, but don't expect a big tank because of that auction.  Like we've seen before, 100 share minimums exclude the majority of investors, and without a price, it's a moving target.

So, if you are going to buy 100 shares of AM, then you can probably get them cheaper from him than on the open market, but if you are buying 99, you gotta stick to the markets.

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August 18, 2013, 01:25:35 PM
 #11248

price may slump a bit, but don't expect a big tank because of that auction.  Like we've seen before, 100 share minimums exclude the majority of investors, and without a price, it's a moving target.

So, if you are going to buy 100 shares of AM, then you can probably get them cheaper from him than on the open market, but if you are buying 99, you gotta stick to the markets.

Yes, but some of those people who get 100 shares cheaper may decide to throw them on btct.co.
Difficult to tell without knowing the actual sale price though.
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August 18, 2013, 01:35:41 PM
 #11249

Yes, but some of those people who get 100 shares cheaper may decide to throw them on btct.co.
Difficult to tell without knowing the actual sale price though.

yeah, that may happen, but it will take several days (at best) to transfer any shares to the exchange.  So, we'll likely not see major dumps like that until after the dividend boost.

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August 18, 2013, 01:49:15 PM
 #11250

Yes, but some of those people who get 100 shares cheaper may decide to throw them on btct.co.
Difficult to tell without knowing the actual sale price though.

yeah, that may happen, but it will take several days (at best) to transfer any shares to the exchange.  So, we'll likely not see major dumps like that until after the dividend boost.
Unless those people already have shares on btct.co, then they can sell immediately.
I did this kind of abirtrage one time, works fine.
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August 18, 2013, 02:28:10 PM
 #11251


You've made some good points, but the relentlessness of your arguing belies a need to rationalize your decision to sell AM.  

It's important to have two sets of opinions, but there are three key questions for the bulls of AM:

1. Where are long-promised financial statements? They should take about 1 day for a competent person to complete, yet months have passed.

2. Why is AM only holding circa 10% of hash-rate?

3. What are the transaction fees earned that so many people are holding as being the holy grail for valuations?

Have these been added to TAT's list already?  

About #2, I'm not sure we need to hear the moment by moment excuses for the ongoing problems,  setup and deployment issues, etc. of mining operations. 

AM's hash rate has been steadily dropping both in nominal and real terms for about a week now.  I'm not interested in excuses, but an explanation would be nice.  It would also be nice to hear a little bit more about how they perceive the competition and how they plan to maintain a consistent percentage of the total network hash rate going forward.  That way shareholders can make a more informed decision regarding the viability of AM's strategy.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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August 18, 2013, 02:47:22 PM
 #11252

This means that even if the hasrate we can see is lower, it doesn't mean that their power on the network revenue is decreasing.

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August 18, 2013, 03:39:20 PM
 #11253


I will link this once again: https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821 and highlight this:

Quote
We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This means that even if the hasrate we can see is lower, it doesn't mean that asicminer power on the network is decreasing.

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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August 18, 2013, 03:46:30 PM
 #11254

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

I think it's a fair request to get an update from FC concerning the mining operation.  We're long overdue for some info on that part of the business.

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August 18, 2013, 05:31:05 PM
 #11255


I will link this once again: https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821 and highlight this:

Quote
We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This means that even if the hasrate we can see is lower, it doesn't mean that asicminer power on the network is decreasing.

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

OMG! He is not an oracle so he used that phrase to speak the truth, yet keep some room for decision making along the way.
Excessive is what is more profitable to sell directly instead of deploying.

There were couple of batches ordered from foundry (from my memory):
Early this year something about 12.5 which was deployed long time ago.
Then another 50TH which was deployed or sold recently.
Now 250 Thash which is on the way.
After that 1000Thash/s near the end of the year.

And I think we are informed quite well.

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August 18, 2013, 06:41:36 PM
 #11256

3. Why are you holding bitcoins and investing in a mining venture if you don't understand the basics of the system?

I know what transactions fees are.

I merely think that AM should state how many it is earning.
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August 18, 2013, 06:45:48 PM
 #11257


It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

OMG! He is not an oracle so he used that phrase to speak the truth, yet keep some room for decision making along the way.
Excessive is what is more profitable to sell directly instead of deploying.

There were couple of batches ordered from foundry (from my memory):
Early this year something about 12.5 which was deployed long time ago.
Then another 50TH which was deployed or sold recently.
Now 250 Thash which is on the way.
After that 1000Thash/s near the end of the year.

And I think we are informed quite well.

It doesn't take an oracle to announce an intention to take 10 to 20 TH of mining equipment offline and then rent it out or sell it, if that is in fact what is happening.  Speculation and conjecture from fellow shareholders is great, but something more definitive would be even better and I don't think that's asking for too much.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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August 18, 2013, 10:32:21 PM
 #11258

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

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August 18, 2013, 10:37:58 PM
 #11259

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

is it one of the PT operators (burnside, TAT, deadterra)?

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August 18, 2013, 10:38:24 PM
 #11260

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

is it one of the PT operators (burnside, TAT, deadterra)?

+1

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