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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914546 times)
velacreations
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August 20, 2013, 02:23:37 PM
 #11361

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

When did he say he wouldn't be honoring it?

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August 20, 2013, 02:33:58 PM
 #11362

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

When did he say he wouldn't be honoring it?

He didn't. Guy sold all his shares in AM because they're maximizing profits instead of subsidizing hardware to shareholders.

Only in bitcoin-land...

No longer buying/selling Casascius coins. Beware scammers.
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tkone
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August 20, 2013, 02:43:46 PM
 #11363

panic sell panic sell,
lets drop price even lower, this way we can buy back more shares!?
lets do it?
how low think we can go? i want more shareS?!?!?!

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August 20, 2013, 02:45:27 PM
 #11364

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

Where can I read about fc promising this promotion? thanks

Sell or buy items at bitcoin247sales.com - flatrate fees - cheapest around!
Post feedback at https://bitcointalk.org/index.php?topic=328169.0
cw92
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August 20, 2013, 02:58:50 PM
 #11365

You should thank Friedcat, otherwise you might have actually bought the Eruptors..
teek
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August 20, 2013, 03:09:10 PM
 #11366

who said the .1 promotion won't be honored?  We at WTCR.ca  started shipping promo orders yesterday, and i am sure others are doing the same ?
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August 20, 2013, 03:09:57 PM
 #11367

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

Where can I read about fc promising this promotion? thanks

Through his resellers.  Take a look at the group buy threads and the .10 promotion thread that CanaryInTheMine locked:

https://bitcointalk.org/index.php?topic=268263.0

You are welcome.   Smiley

ic, thanks, wasn't aware of this yet.

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Pinwheel
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August 20, 2013, 03:31:27 PM
 #11368

isn't it clear,  Vycid's smart-ism has only serve one aim, he wants to buy low.

Tom Waits: We should just start as soon as possible cause we might catch a rabbit before we have our pants on. (Juxtapoz)
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August 20, 2013, 03:31:44 PM
 #11369

Yes, the selloff reasons are pretty evident:

- new big competition with big plans (so far it's all vaporware though)
- no ETA on new blades
- ASICMINER hashrate doesn't keep up with the quick difficulty rise
- no info about new chip design

well, I think this doesn't tell the whole story.  The drop in price times perfectly with the Labcoin bubble.  So, people are likely moving into riskier positions to try and make some profit on the hype.  As Labcoin drops back down, AM starts coming up, which to me, indicates that those who are profitting on the crowd are putting profits back into safer places to hold.

At the same time, USD/BTC is increasing, so I do think people are locking in some profits, there.

On top of all of that, the rebound from yesterday was erased almost signle-handedly by one trader.  The drop in price yesterday also was executed in the same way, with someone filling buy orders from 3.7 to 3.5 almost instantly.  So, there is a bit of market manipulation happening here, too (or maybe just ignorant traders).

I would like an update from FC regarding the recent hash decrease.  Typically, when we see hash rate moving like this, it means FC is moving things around.  They may be testing the lease program, new hardware, etc, but we just don't know.

AM definitely has a lot of hardware/TH on hand, so there must be a reason why the hash rate is not increasing.  I'm sure FC and team are working on it (they are not likely sitting around), but it would be nice to know the situation.

I've seen no evidence to suggest that they have such hardware on hand. I remember Friedcat saying that there was 200 TH/s incoming in 2 sets, with the first batch of the first 100 TH/s entering (or was it leaving) the fab. Since then, I've heard nothing about those chips. Do you have a link to an update about them or something?

The above, coupled with the fact that the hash rate hasn't increased, tells me that they don't in fact have such hardware. If they did have the hardware, why would they just leave it sitting there doing nothing but collecting dust?
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August 20, 2013, 03:38:15 PM
 #11370

who said the .1 promotion won't be honored?  We at WTCR.ca  started shipping promo orders yesterday, and i am sure others are doing the same ?
Nice, keep up the good work.

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keystroke
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August 20, 2013, 03:41:35 PM
 #11371

The last update was ~1 month ago and included this information:

Quote
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.

Does anyone have more details on the additional hashpower?

"The difference between a castle and a prison is only a question of who holds the keys."
conv3rsion
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August 20, 2013, 03:43:05 PM
 #11372

Friedcat has honored the .1, both through his resellers and direct.

I know this because I have received block eruptors for .1 from both his resellers and direct.
Franktank
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August 20, 2013, 03:51:03 PM
 #11373

isn't it clear,  Vycid's smart-ism has only serve one aim, he wants to buy low.

People need to be aware of this. He's bought some PUT options on AM several weeks back (sub 3.0) and they're about expire in the coming weeks. His concerns are valid but he does have an ulterior motive as well.
lano1106
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August 20, 2013, 03:55:23 PM
 #11374

Friedcat has honored the .1, both through his resellers and direct.

I know this because I have received block eruptors for .1 from both his resellers and direct.

Was it fully or partially honored?

Last time I checked only 30% of previous purchases were eligible to the promo due to limited inventory.

What is questionned here is the remaining 70%

BTC: 1ABewnrZgCds7w9RH43NwMHX5Px6ex5uNR
conv3rsion
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August 20, 2013, 04:07:10 PM
 #11375

Friedcat has honored the .1, both through his resellers and direct.

I know this because I have received block eruptors for .1 from both his resellers and direct.

Was it fully or partially honored?

Last time I checked only 30% of previous purchases were eligible to the promo due to limited inventory.

What is questionned here is the remaining 70%


Still waiting on the 70%
velacreations
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August 20, 2013, 04:32:41 PM
 #11376

I've seen no evidence to suggest that they have such hardware on hand. I remember Friedcat saying that there was 200 TH/s incoming in 2 sets, with the first batch of the first 100 TH/s entering (or was it leaving) the fab. Since then, I've heard nothing about those chips. Do you have a link to an update about them or something?

The above, coupled with the fact that the hash rate hasn't increased, tells me that they don't in fact have such hardware. If they did have the hardware, why would they just leave it sitting there doing nothing but collecting dust?

well, we don't know what is going on with the hashrate.  They may not be able to deploy more due to some issues, OR they may be mining under an "unknown" label/IP, OR they may be leasing it out.  Without information from FC homself, we don't know the status for sure.  There are many possible reasons why we can't see the "official" hash rate increasing.

I was under the impression that blades were shipping last week, but I don't the set of chips they came from.

And for the new blades, which should be shipping soon, they should be from the latest set of chips, I think.

Vycid
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August 20, 2013, 04:35:19 PM
 #11377

isn't it clear,  Vycid's smart-ism has only serve one aim, he wants to buy low.

People need to be aware of this. He's bought some PUT options on AM several weeks back (sub 3.0) and they're about expire in the coming weeks. His concerns are valid but he does have an ulterior motive as well.

LOL. I am flattered you find my arguments so convincing as to single-handedly crash the market.

Seriously - one bear shows up, and that's enough to move the market, in your mind?

But, yes, let it be reiterated (I have mentioned this already in the previous pages): I maintain a short position.

They aren't all sub 3.0, BTW. I have quite a few at 3.2 and 3.5.

deltanine
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August 20, 2013, 04:38:39 PM
 #11378

isn't it clear,  Vycid's smart-ism has only serve one aim, he wants to buy low.

People need to be aware of this. He's bought some PUT options on AM several weeks back (sub 3.0) and they're about expire in the coming weeks. His concerns are valid but he does have an ulterior motive as well.

LOL. I am flattered you find my arguments so convincing as to single-handedly crash the market.

Seriously - one bear shows up, and that's enough to move the market, in your mind?

But, yes, let it be reiterated (I have mentioned this already in the previous pages): I maintain a short position.

They aren't all sub 3.0, BTW. I have quite a few at 3.2 and 3.5.

Who said you were single-handedly crashing the market?  Maybe you believe that, but I doubt anyone else does.  He is pointing out your bias, just as you point out the bias of others.

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
velacreations
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August 20, 2013, 04:51:19 PM
 #11379

unless Vycid is also the trader that repeatedly has been filling buy orders from 3.7 to 3.5 every night (US time), then no, I don't think he's responsible for these price corrections.

VolanicEruptor
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August 20, 2013, 04:56:44 PM
 #11380

Friedcat has honored the .1, both through his resellers and direct.

I know this because I have received block eruptors for .1 from both his resellers and direct.

Was it fully or partially honored?

Last time I checked only 30% of previous purchases were eligible to the promo due to limited inventory.

What is questionned here is the remaining 70%


When did you hear this?  And where?

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