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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914566 times)
nubbins
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August 22, 2013, 02:29:31 PM
 #11641

Why are you acting so rudely towards him? If you think his arguments are weak, refute them.
Calling him names only makes everyone else feel you're not comfortable in your position and perhaps don't really have an argument.

+1! Let's discuss the situation like grown-ups!

Or, y'know, just call each other delusional trolls. Totally worth reading Tongue

No longer buying/selling Casascius coins. Beware scammers.
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August 22, 2013, 03:04:04 PM
 #11642

ANYONE concerned with how much money the company is PAYING in dividends is not thinking properly.

The amount the company PAYS in dividends is irrelevant to the value of the company. The relevant values are how much the company EARNS, and how the company is run/reinvests in itself.

(Unless you don't trust Friedcat, in which case you should not be investing at all).

Earnings aren't much lower than normal. All of us should be hoping that Friedcat will reinvest the lion's share of the capital in getting to the better chips faster. Because that is how the company will thrive long term. Dividends are just a perk and a distraction for any serious long term investor.

Exactly. I think most shareholders are more than willing to sacrifice part of their divs for R&D, but we kneed to know when it's happening or people just start assuming that a low div. equals Asicminer going down in flames. On the bright side though, it gives us a chance to buy up some cheap shares!

I think this is an issue with weekly dividends. Using part of the revenue for R&D costs or some non-recurring expense is immediately reflected in the dividends. Non-BTC companies often pay dividends yearly, or even less frequently. But with the volatility of the BTC market, anything less frequent than weekly dividends seems to be frowned upon. And while frequent dividends are demanded by most, many don't seem to accept the consequence of high variation in dividends that comes with it.

If you want your dividends to be constant and/or predictable, buy some bonds or mining contracts, rather than actual stocks.
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August 22, 2013, 03:09:00 PM
 #11643

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?

2 weeks ago from SilentSonicBoom in PMs sent to his customers to communicate the promo details. He said 30% limit was from friedcat and if it was lifted he would update us.

I will ping him to check since, I see at least 2 resellers that are honoring 100%.


I would be a little suspicious of "SilentSonicBoom".  If he indeed got that 30% limit directly from Friedcat, then all the other resellers would be in the same boat.   Sounds like bullshit to me.. and a very easy way to keep cheaper units for himself
Just seen this post and had to reply. My 30% promo was handled for my customers. They come from friedcat, I pay the same 0.10 btc to receive them as those that get them pay, and I ship them out. Have a nice day.

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August 22, 2013, 05:10:17 PM
 #11644

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.
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August 22, 2013, 05:13:20 PM
 #11645

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.

I got the same feeling, I'm actually really glad that friedcat is putting significant amount of bitcoins on the side for reinvestment
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August 22, 2013, 05:22:35 PM
 #11646

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.

I got the same feeling, I'm actually really glad that friedcat is putting significant amount of bitcoins on the side for reinvestment

Same here.
It's not like incomes are actually lower. They are just deviated, instead of going into our immediate pockets, they are used for further developments. That means we will get the "missing" amount multiplied by something greater than 1 at one point anyway, if FC and co are doing well, and so far they had. Looks positive to me too, my pockets can wait and get more. I guess the majority of long-term investors are happy or just don't care with the current price decrease/discussion. Speculators on the other hand can be very affected as they are short-sighted on share price.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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August 22, 2013, 05:51:22 PM
 #11647

At the end of the day, AM is the best at what it does in the industry. They have the best (and in many cases) only real track record.

Selling because of a single low weekly dividend is shortsighted, to say the least. Especially when even with including the recent dividend, AM is still on track to pay out 40+% APR per 30 day, 60 day, and 90 day histories.

But hey, do what you want. I'd rather invest in a company with a record instead of a company that just has a promise.
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August 22, 2013, 05:55:39 PM
 #11648

^^ that's some seriously tasteless shit right there. Hope you lost some money tonight.

Apprently the Chinese find them tastefull.  Although fried dog is easier to find on the menu than fried cat.
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August 22, 2013, 05:59:12 PM
 #11649

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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August 22, 2013, 06:47:35 PM
 #11650

Newcommers ugh..

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
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August 22, 2013, 07:03:21 PM
 #11651

the "Unknown" thing is getting bigger than btcguild. Not just ghash.io apprarently. Any idea what parties are they ?
PsychoticBoy
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August 22, 2013, 07:04:58 PM
 #11652

the "Unknown" thing is getting bigger than btcguild. Not just ghash.io apprarently. Any idea what parties are they ?

Gigavps private pool  Grin
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August 22, 2013, 07:34:47 PM
 #11653

the "Unknown" thing is getting bigger than btcguild. Not just ghash.io apprarently. Any idea what parties are they ?

Gigavps private pool  Grin

Someone should add them to the list instead of leaving them unknown if they are known  Grin
BitcoinOxygen
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August 22, 2013, 08:13:22 PM
 #11654

the "Unknown" thing is getting bigger than btcguild. Not just ghash.io apprarently. Any idea what parties are they ?

Gigavps private pool  Grin

Someone should add them to the list instead of leaving them unknown if they are known  Grin

IIRC, Gigavps uses different addresses for each block and doesn't make use of P2SH.
Still it needs to be added to the list. Grin

BTCOxygen PPS Mining Pool 2% Fee  <<<  Join Now
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August 22, 2013, 08:26:19 PM
 #11655

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Its already happening. BTCGarden for example.
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August 22, 2013, 08:39:52 PM
 #11656

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Its already happening. BTCGarden for example.

No one (should have) lost any money on BTCGarden. I wouldn't consider that exactly a crash and burn.

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August 22, 2013, 08:41:46 PM
 #11657

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?

2 weeks ago from SilentSonicBoom in PMs sent to his customers to communicate the promo details. He said 30% limit was from friedcat and if it was lifted he would update us.

I will ping him to check since, I see at least 2 resellers that are honoring 100%.


I would be a little suspicious of "SilentSonicBoom".  If he indeed got that 30% limit directly from Friedcat, then all the other resellers would be in the same boat.   Sounds like bullshit to me.. and a very easy way to keep cheaper units for himself
Just seen this post and had to reply. My 30% promo was handled for my customers. They come from friedcat, I pay the same 0.10 btc to receive them as those that get them pay, and I ship them out. Have a nice day.

I purchased some at 2.0 and some at 1.0 from two different resellers.  Both shipped what they received of the 0.1 promos.  I too wonder when they will get more to ship to the rest of us.
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August 22, 2013, 08:56:45 PM
 #11658

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Its already happening. BTCGarden for example.

No one (should have) lost any money on BTCGarden. I wouldn't consider that exactly a crash and burn.

I don't consider it a crash neither. I mean by "crash spectacularly" that a large amount of money will be invested in R&D, or even into production, without any single return for the investors. I think that some people in BTC world are still assuming that "risky investment" might mean that in the worst case you don't get more than what you invested. They will realize then that the worst case is worst than that, what we might see soon (ok in btc-distorted time units, not so soon, say November or later) is that you get 0, whatever you invested. This will be fun time and the acceptable risk/reward ratio will be corrected accordingly.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Vycid
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August 22, 2013, 10:07:35 PM
 #11659

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Truly fascinating. You appreciate the great risks facing all mining companies and you fail to apply that thinking to AM.

Has it occurred to you AM's 10-20% is part of that 200, and they might be one of the ones "left by the road"?

More likely, I think, the shared resource will get depleted and nobody will make much profit.

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August 22, 2013, 10:09:07 PM
 #11660

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  Cheesy There will necessarily be some of them left on the road.

Truly fascinating. You appreciate the great risks facing all mining companies and you fail to apply that thinking to AM.

Has it occurred to you AM might be one of the ones left by the road?

Fearmongering. FC already stated massive production is scheduled for September and November.
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