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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914570 times)
zefyr0s
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August 24, 2013, 06:11:37 PM
 #11741

So was it just the 'impending btc bubble' or the current price also?
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August 24, 2013, 06:18:11 PM
 #11742

Today we had a difficulty change.

Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time...  Question for anyone that knows about chips:  is it possible that the first gen chips after started failing after hashing for so long?
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August 24, 2013, 06:30:58 PM
 #11743

Today we had a difficulty change.

Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time...  Question for anyone that knows about chips:  is it possible that the first gen chips after started failing after hashing for so long?


Could also be bad luck.
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August 24, 2013, 06:41:52 PM
 #11744

Today we had a difficulty change.

Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time...  Question for anyone that knows about chips:  is it possible that the first gen chips after started failing after hashing for so long?

Chinese Police got hungry and ate the cat. Shocked yummy Grin
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August 24, 2013, 06:43:12 PM
 #11745

Today we had a difficulty change.

Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time...  Question for anyone that knows about chips:  is it possible that the first gen chips after started failing after hashing for so long?


Could also be bad luck.

Theoretically it could be, but it would be extremely bad luck.  

Also great to see you posting!  Could you confirm that board members have not received any information that has caused this sell off?

EDIT:  AM has only mined 8 blocks in the past 24 hours.  If this was a one time thing, sure I will give the benefit of the doubt.  But given that AM had "glitches" all last week, I think this points to a larger problem...
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August 24, 2013, 06:45:50 PM
 #11746

So AM valuation depends on:

* one week of dividends
* last 3 hours estimated hash rate

Good to know.

lmao - no kidding.. cheap shares nom nom nom
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August 24, 2013, 06:57:58 PM
 #11747

So AM valuation depends on:

* one week of dividends
* last 3 hours estimated hash rate

Good to know.

lmao - no kidding.. cheap shares nom nom nom

+100

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August 24, 2013, 07:00:57 PM
 #11748

So AM valuation depends on:

* one week of dividends
* last 3 hours estimated hash rate

Good to know.
Ignorant people everywhere, what can you do.
They keep QQing, yet know nothing about stock investment.

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August 24, 2013, 07:38:24 PM
 #11749

So some people cash out to invest in labcoin since they will start to build up TH soon. Fine. Its not that Asicminer is dead now. Asicminer is Labcoin in strong position already. And Asicminer will remain one of the big players that share the market of mining. Private miners soon wont play a big role anymore since they have to play prices they cant compete with Asicminer and similar companies for long. Simple as that.
So no, i wont give away my shares only because 2 things come together now. Investments in competitors and friedcat investments in new hashpower.

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August 24, 2013, 07:44:48 PM
 #11750

Today we had a difficulty change.

Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time...  Question for anyone that knows about chips:  is it possible that the first gen chips after started failing after hashing for so long?


Could also be bad luck.

Theoretically it could be, but it would be extremely bad luck.  

Also great to see you posting!  Could you confirm that board members have not received any information that has caused this sell off?

EDIT:  AM has only mined 8 blocks in the past 24 hours.  If this was a one time thing, sure I will give the benefit of the doubt.  But given that AM had "glitches" all last week, I think this points to a larger problem...

To my knowledge, none of the board members have "sold out", but I can't confirm that other than weekly, after div day, the same way you would.

Friedcat did publicly state he was retaining some income for expenses, but I do not know if he might be doing that by moving some hashing to a wallet that asicminercharts.com is not tracking. If he is doing such, it would affect one of the metrics everyone is using for price...

I am speculating mostly, but please note that you will never hear info from me that isn't already public, unless AM specifically asks me to post an update on their behalf.
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August 24, 2013, 07:53:04 PM
 #11751

Everytime I click on the 'My Value Analysis' tab on btct.co, it makes me need a margaritaaa.

>"ASICMINER: Entering the Future of ASIC Mining by Inventing It" very relevant.

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August 24, 2013, 07:54:12 PM
 #11752

No one with a significant amount of shares or coins can even capitalize off this panic sell, I wanted to but there is hardly enough shares being sold in order for me to benefit from catching the knife ( I also dont want to put up a big buy wall for someone to create more panic and selling off into it.), the price is being controlled by 7.5% of the overall shares in existence, what people should be looking at is how little large holders are willing to let go of their shares,

I try not to let the current price of a company determine whether or not its fundamentally sound however many look at the price and say its "to expensive" I try to look at things from a logical perspective and FC is and always has been the leader when it comes to the mining forefront,

he already stated that Sept and Oct would be when new generation chips and mining hardware will come online and has promised 1000TH prior to the end of the year if not sooner, I guess people do not have the patience in order to wait that long but its apparent that most people like to follow the herd
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August 24, 2013, 08:12:27 PM
 #11753

dont worry
real price is there:
https://bitcointalk.org/index.php?board=73.0

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August 24, 2013, 08:15:19 PM
 #11754

People don't sell off, because there is no reason (the big chunk of shareholders)
I sold some shares at around 4. but given that i only payed .1 BTC/share as most people holding, there is really no point in selling more than i need to.

Even now we get back our invest every 9 weeks or so! Thats crazy good. The rest going on is just speculation of daytraders.
If you panic or get greedy, you just lose money. So chillax and lean back Wink

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freedomno1
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August 24, 2013, 09:05:55 PM
Last edit: August 24, 2013, 09:40:20 PM by freedomno1
 #11755

So AM valuation depends on:

* one week of dividends
* last 3 hours estimated hash rate

Good to know.

Uggh starting to become a big Superficial burden but I'm staying

No one with a significant amount of shares or coins can even capitalize off this panic sell, I wanted to but there is hardly enough shares being sold in order for me to benefit from catching the knife ( I also dont want to put up a big buy wall for someone to create more panic and selling off into it.), the price is being controlled by 7.5% of the overall shares in existence, what people should be looking at is how little large holders are willing to let go of their shares,

I try not to let the current price of a company determine whether or not its fundamentally sound however many look at the price and say its "to expensive" I try to look at things from a logical perspective and FC is and always has been the leader when it comes to the mining forefront,

he already stated that Sept and Oct would be when new generation chips and mining hardware will come online and has promised 1000TH prior to the end of the year if not sooner, I guess people do not have the patience in order to wait that long but its apparent that most people like to follow the herd

DRIP Perhaps just put a wall each week equivalent to the dividends your paid out basically just a small part of your total position to catch the falling knife.


Wow! It's down to 2.3/share. I might have to get more BTC to buy more...

Thinking the exact same thing may even do all the KYC docs just to get more bitcoins to buy AM breaking Jutaruls old wall on nothing yet makes me want in, recalls that madness Smiley.
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August 24, 2013, 09:16:43 PM
 #11756

dont worry
real price is there:
https://bitcointalk.org/index.php?board=73.0





haha yeah

People are watching the prices of pass thru's which can trade above and below NAV.

similarly, people with direct shares can transfer them to the pass thru's to sell them.

The liquidity has improved but can still be distorted



When I had a large Asicminer position I sold at 5 btc, might add to my small position, but its tough to say
MilkyLep
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August 24, 2013, 09:47:05 PM
 #11757

Don't be humble here among the trolls and manipulators. If you sold at BTC5 you're more than happy to buy in again at ~BTC2.5.  Wink

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August 24, 2013, 10:01:40 PM
 #11758

Hmm, 2.5 Didn't expect it to get that low on one week of low div's.
Interesting... Severe overreaction imho...

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August 24, 2013, 10:40:51 PM
 #11759

Strange Vlad
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August 24, 2013, 10:47:02 PM
 #11760



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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