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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914560 times)
neilol
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August 24, 2013, 11:21:36 PM
 #11761

Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.

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AngelSky
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August 24, 2013, 11:25:45 PM
 #11762

Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin
neilol
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August 24, 2013, 11:30:27 PM
 #11763

Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin

The lack of liquidity is driving prices - doesn't make any sense - I'm wagering when the momentum dies out in labcoin it will slosh back into AM.

Same thing will happen when money rushes to AMC when the eASIC press release comes out..

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August 24, 2013, 11:43:27 PM
 #11764



 Cheesy
AngelSky
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August 24, 2013, 11:44:29 PM
 #11765

Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin

The lack of liquidity is driving prices - doesn't make any sense - I'm wagering when the momentum dies out in labcoin it will slosh back into AM.

Same thing will happen when money rushes to AMC when the eASIC press release comes out..

I hope for you but I don't think your dream will come true. Actually LC should come out with some real hardware (chips) soon and until AM is telling their shareholders what they plan to do, the price will stay where it is and probably drop more (like a tennis ball).
tkone
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August 25, 2013, 12:02:05 AM
 #11766

whats going on? is asicminer falling apart?
any updates from friedcat lately?
new chips? new blades?
2nd gen asicminers?
upgrading to new farm while selling of rest of old gen?

looking forward to fc next announcements!!!!

ThickAsThieves
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August 25, 2013, 12:08:40 AM
 #11767

whats going on? is asicminer falling apart?
any updates from friedcat lately?
new chips? new blades?
2nd gen asicminers?
upgrading to new farm while selling of rest of old gen?

looking forward to fc next announcements!!!!


https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts
houseofchill
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August 25, 2013, 01:23:01 AM
 #11768

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.


Good to hear from others and you ThickAsThieves.  At least I know the board didn't change in a big way. I'll stick with friedcat and the cool cats.  A brilliant business mind with a solid experience are more important than dividends.
bitfromit
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August 25, 2013, 04:42:23 AM
 #11769

Only has 3% of the network now.
TsuyokuNaritai
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August 25, 2013, 04:50:28 AM
 #11770

Only has 3% of the network now.
In 8th place, behind Eligius, Deepbit & BitMinter. Not good. Sad

Rebelution
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August 25, 2013, 07:24:02 AM
 #11771

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

Just realized that I initially read this too quickly.  In the quote Friedcat actually confirms that franchising has started within China; he just states that he won't be franchising outside of China soon.  Therefore, since last week's dividends went to reinvestment, the fall in hash rate might be due to the franchising and we would not be able to tell.
FloatesMcgoates
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August 25, 2013, 08:49:54 AM
 #11772

Looks like friedcat couldn't keep up with the competition
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August 25, 2013, 09:52:49 AM
 #11773

When did Asicminer find its last block?
And why has it stopped to do so?
I mean is the tagging gone or what?
Last block found by ASICMiner is currently 254132 found a little more than an hour ago.

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?
1. No they haven't stopped hashing.

2. No, it is not possible that barely 6 month old chips are worn out now.

Seriously guys, stop looking at the 24-hour average. It's useless. Too much luck is involved.
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August 25, 2013, 10:07:29 AM
 #11774

Imagine a market completely filled with n00bs.  They know nothing about investing; they only know greed.  Hundreds of n00bs gambling a few hundred dollars at a time.  Now, imagine a corporate environment where the enterprise isn't judged harshly every quarter, which is bad enough, but every day.  And the dividends are paid every week and one bad week and there's a sell off.  Now add in that this is a 'virtual' market and the players aren't penalized for bouncing in and out of the market. 

It's the perfect setup for those who are patient and can do a little personal research and know the technology.  I've played penny stocks since 1997 and made and lost a bunch.  I've never seen anything like this market or this type of corporate pressure.  

It's really amazing...  Cool

Don't tip me... tip the Riseup folks who protect activists around the world.
Lauda
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August 25, 2013, 11:12:43 AM
 #11775

Just calm down and be patient..

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
Zubilica
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August 25, 2013, 11:21:51 AM
 #11776

Imagine a market completely filled with n00bs.  They know nothing about investing; they only know greed.  Hundreds of n00bs gambling a few hundred dollars at a time.  Now, imagine a corporate environment where the enterprise isn't judged harshly every quarter, which is bad enough, but every day.  And the dividends are paid every week and one bad week and there's a sell off.  Now add in that this is a 'virtual' market and the players aren't penalized for bouncing in and out of the market. 

It's the perfect setup for those who are patient and can do a little personal research and know the technology.  I've played penny stocks since 1997 and made and lost a bunch.  I've never seen anything like this market or this type of corporate pressure.  

It's really amazing...  Cool
+1
torrentheaven
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August 25, 2013, 11:29:37 AM
 #11777

Only has 3% of the network now.

LOL, what you mean "now" ?

You mean last day? Because perfect knowledge of network hashrate is unknown at exact time, only estimated in selected timeframe
velacreations
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August 25, 2013, 01:22:47 PM
 #11778

Only has 3% of the network now.

LOL, what you mean "now" ?

You mean last day? Because perfect knowledge of network hashrate is unknown at exact time, only estimated in selected timeframe

yeah, but the 36 hour estimate shows 4%, and the 4 day estimate shows 4%

It's not just variance or luck, something is definitely up.  The shorter estimates (<36 hour) are even worse.

binaryFate
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August 25, 2013, 01:25:52 PM
 #11779

Only has 3% of the network now.

LOL, what you mean "now" ?

You mean last day? Because perfect knowledge of network hashrate is unknown at exact time, only estimated in selected timeframe

yeah, but the 36 hour estimate shows 4%, and the 4 day estimate shows 4%

It's not just variance or luck, something is definitely up.  The shorter estimates (<36 hour) are even worse.

Hope some franchising is going on under radar...

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 25, 2013, 01:31:27 PM
 #11780

I hear finding blocks is ... pretty random ...

Pool: https://kano.is - lowest fee PPLNS 3 Days - Most reliable Solo with ONLY 0.5% fee   Bitcointalk thread: Forum
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The ONLY active original developer of cgminer. Original master git: https://github.com/kanoi/cgminer
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