Bitcoin Forum
February 06, 2023, 05:45:57 AM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 [608] 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914714 times)
VeeMiner
Hero Member
*****
Offline Offline

Activity: 752
Merit: 500


bitcoin hodler


View Profile
August 29, 2013, 06:16:19 AM
 #12141

Say what you will about ROI but those new blades are going to sell like hotcakes if they are the model with USB connectors.

yeah, they will... just look at the old blades sale - sold out under 24 hours
1675662357
Hero Member
*
Offline Offline

Posts: 1675662357

View Profile Personal Message (Offline)

Ignore
1675662357
Reply with quote  #2

1675662357
Report to moderator
1675662357
Hero Member
*
Offline Offline

Posts: 1675662357

View Profile Personal Message (Offline)

Ignore
1675662357
Reply with quote  #2

1675662357
Report to moderator
1675662357
Hero Member
*
Offline Offline

Posts: 1675662357

View Profile Personal Message (Offline)

Ignore
1675662357
Reply with quote  #2

1675662357
Report to moderator
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675662357
Hero Member
*
Offline Offline

Posts: 1675662357

View Profile Personal Message (Offline)

Ignore
1675662357
Reply with quote  #2

1675662357
Report to moderator
1675662357
Hero Member
*
Offline Offline

Posts: 1675662357

View Profile Personal Message (Offline)

Ignore
1675662357
Reply with quote  #2

1675662357
Report to moderator
gramma
Full Member
***
Offline Offline

Activity: 194
Merit: 100



View Profile
August 29, 2013, 06:23:13 AM
 #12142

200 gone with some mining karma back

I'll take the karma. Friedcat has integrity and that is worth a *lot* in this climate of scammers, opportunists and fraudsters.

Frankly, my valuation of AM has increased more than the 200 BTC that Friedcat gave back. Knowing you're investing in a company run by an honest guy is worth a lot.

Same.  You're a pretty analytical guy, so I find it interesting and meaningful that you're assigning importance to something unquantifiable. Honesty doesn't fix datacenter woes, shipping glitches, nor competitors' efforts. But for me, it is another indicator that I can have a decent level of trust in this guy whom I've never met, nor have any "real world" visibility into.  Doing business on a handshake is rare these days. Doing so successfully... well, I'm pleased to count myself among the lucky ones to be a small part of Friedcat's world.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
Vycid
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


♫ the AM bear who cares ♫


View Profile
August 29, 2013, 06:33:25 AM
 #12143

200 gone with some mining karma back

I'll take the karma. Friedcat has integrity and that is worth a *lot* in this climate of scammers, opportunists and fraudsters.

Frankly, my valuation of AM has increased more than the 200 BTC that Friedcat gave back. Knowing you're investing in a company run by an honest guy is worth a lot.

Same.  You're a pretty analytical guy, so I find it interesting and meaningful that you're assigning importance to something unquantifiable. Honesty doesn't fix datacenter woes, shipping glitches, nor competitors' efforts. But for me, it is another indicator that I can have a decent level of trust in this guy whom I've never met, nor have any "real world" visibility into.  Doing business on a handshake is rare these days. Doing so successfully... well, I'm pleased to count myself among the lucky ones to be a small part of Friedcat's world.

I normally don't consider intangibles (and, as a rule, I avoid companies where intangibles rationally and justifiably make up a significant portion of the value).

This is a special case. There would be little to no repercussions to Friedcat walking off with everyone's money. The counterparty risk is huge and must be considered in any accurate true-value calculation.

This action seems, to me, to have reduced the "effective converted liability" represented by counterparty risk by significantly more than 200 BTC. That's how I reconcile it with the rest of my analysis, at least.

deltanine
Full Member
***
Offline Offline

Activity: 231
Merit: 100



View Profile
August 29, 2013, 06:37:53 AM
 #12144

200 gone with some mining karma back

I'll take the karma. Friedcat has integrity and that is worth a *lot* in this climate of scammers, opportunists and fraudsters.

Frankly, my valuation of AM has increased more than the 200 BTC that Friedcat gave back. Knowing you're investing in a company run by an honest guy is worth a lot.

Same.  You're a pretty analytical guy, so I find it interesting and meaningful that you're assigning importance to something unquantifiable. Honesty doesn't fix datacenter woes, shipping glitches, nor competitors' efforts. But for me, it is another indicator that I can have a decent level of trust in this guy whom I've never met, nor have any "real world" visibility into.  Doing business on a handshake is rare these days. Doing so successfully... well, I'm pleased to count myself among the lucky ones to be a small part of Friedcat's world.

I normally don't consider intangibles (and, as a rule, I avoid companies where intangibles make up a significant portion of the value).

But this is different. There would be little to no repercussions to Friedcat walking off with everyone's money. The counterparty risk is huge and must be considered in any accurate true-value calculation.

This, to me, reduces the "effective converted liability" represented by counterparty risk by significantly more than 200 BTC. That's how I reconcile it with the rest of my analysis, at least.

Friedcat has built a nice track record of trustworthiness.

EDIT:
Just now remembering when you posted this.

You're right that this is not the real concern. If Friedcat was bent on defrauding shareholders, there would be many better options. But that potential IS there, and we've had so many past catastrophes (Bitcoinica, Pirateat40) and failures (BFL, now Avalon) that I'm surprised to see so little discussion of the risk.

Even though I'm sure you still feel AM is overvalued, I'm happy that you now understand why there was so little discussion of risk.

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
VeeMiner
Hero Member
*****
Offline Offline

Activity: 752
Merit: 500


bitcoin hodler


View Profile
August 29, 2013, 06:45:57 AM
 #12145

Friedcat has built a nice track record of trustworthiness.

since the beginning of the GLBSE bust friedcat has always proved himself to be trustworthy and reliable. That's one of the reasons why I invested in AM and it has been the best investment I have ever made.
BitAddict
Legendary
*
Offline Offline

Activity: 1190
Merit: 1001



View Profile
August 29, 2013, 08:34:20 AM
 #12146

Yesterday, Friedcat mined a block that contains 200 BTC transtion fees, which resulted by  somebody mistaken processing.

But today, Friedcat give back the 200 BTC to the guy.

Nice Friedcat !
 

Yesterday I was thinking about this. I had no doubt he was going to try to send this money back.

 Smiley
bitman442
Full Member
***
Offline Offline

Activity: 142
Merit: 100



View Profile
August 29, 2013, 11:22:54 AM
 #12147

New Blades?! And .2 BTC USBs!


[OPEN] batch #23/24 ASICMiner USB + NEW Blade miners
https://bitcointalk.org/index.php?topic=283458.0

New blades are up for sale and nobody seems to notice/care? That seems odd... especially given the 4 BTC price on them.
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
August 29, 2013, 11:24:25 AM
 #12148

New Blades?! And .2 BTC USBs!


[OPEN] batch #23/24 ASICMiner USB + NEW Blade miners
https://bitcointalk.org/index.php?topic=283458.0

New blades are up for sale and nobody seems to notice/care? That seems odd... especially given the 4 BTC price on them.

no pictures, no interest. Only vague info - USB capable, not overclockable. We knew this already.
Taxidermista
Legendary
*
Offline Offline

Activity: 1144
Merit: 1000



View Profile
August 29, 2013, 11:30:37 AM
 #12149

New Blades?! And .2 BTC USBs!


[OPEN] batch #23/24 ASICMiner USB + NEW Blade miners
https://bitcointalk.org/index.php?topic=283458.0

New blades are up for sale and nobody seems to notice/care? That seems odd... especially given the 4 BTC price on them.

no pictures, no interest. Only vague info - USB capable, not overclockable. We knew this already.

Yeah, where are all those marketing experts?

bitman442
Full Member
***
Offline Offline

Activity: 142
Merit: 100



View Profile
August 29, 2013, 11:36:41 AM
 #12150

New Blades?! And .2 BTC USBs!


[OPEN] batch #23/24 ASICMiner USB + NEW Blade miners
https://bitcointalk.org/index.php?topic=283458.0

New blades are up for sale and nobody seems to notice/care? That seems odd... especially given the 4 BTC price on them.

no pictures, no interest. Only vague info - USB capable, not overclockable. We knew this already.

I'm waiting for more info. also, but the 4 BTC price point is worth noting at least. Nobody knew the pricing otherwise.
CMMPro
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
August 29, 2013, 01:05:38 PM
 #12151

Canadian reseller WTCR has them listed for 5.79btc....no break even on these at all according to all the online calculators, negative return from day one if you buy one.

I'd like to buy from Canary but he won't step over the other reseller. There should be an allowance for monopolistic pricing.
Even if they were charging 4.5btc for customs duty it would be acceptable but not at 1.8btc more plus shipping.

The old ones should actually sell for slightly more since they allow for overclocking.


Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
August 29, 2013, 01:24:50 PM
 #12152

Canadian reseller WTCR has them listed for 5.79btc....no break even on these at all according to all the online calculators, negative return from day one if you buy one.

I'd like to buy from Canary but he won't step over the other reseller. There should be an allowance for monopolistic pricing.
Even if they were charging 4.5btc for customs duty it would be acceptable but not at 1.8btc more plus shipping.

The old ones should actually sell for slightly more since they allow for overclocking.

If the SEC is interested in Bitcoin, think the FTC may be interested in ASIC pricing?  Tongue
finlof
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


View Profile
August 29, 2013, 01:43:01 PM
 #12153

Canadian reseller WTCR has them listed for 5.79btc....no break even on these at all according to all the online calculators, negative return from day one if you buy one.

I'd like to buy from Canary but he won't step over the other reseller. There should be an allowance for monopolistic pricing.
Even if they were charging 4.5btc for customs duty it would be acceptable but not at 1.8btc more plus shipping.

The old ones should actually sell for slightly more since they allow for overclocking.



you can buy from silentsonicboom (another valid USA reseller) and he will ship to canada - https://bitcointalk.org/index.php?topic=283077.0
canth
Legendary
*
Offline Offline

Activity: 1442
Merit: 1001



View Profile
August 29, 2013, 01:50:48 PM
 #12154

Asicminer:
  Currently having difficulty maintaining running blades.  In fact, in friedcat's most recent post he even mentioned that one of the reasons they aren't posting an actual hashing meter is because it would require them to perform more maintenance (leading one to assume they are laxed on the maintenance and letting people see that would be a problem).  This is further exacerbated by mysterious network issues that cause them to be unable to process all available transactions (losing fee's) and leading to orphaned blocks (highest orphaned block count of any mining pool).  These same 'network issues' are frequently friedcat's excuse as to why hashing seems to be going offline.  How hard is it to hire quality sys admins in China anyway?

I don't think the bolded part is a fair conclusion.  I think his meaning is more that it would add an additional responsibility and commitment of resources because if it went down then people on this board would be screaming and going nuts.  So overall its just not worth it and is a waste of resources.  Plus it would allow DDoS's and other malicious attackers a method of determining EXACTLY how effective their attacks were.  In case you haven't notice, friedcat is a very unique cat indeed in the bitcoin mining community (honest, thoughtful, intelligent, takes care of his customers / shareholders, not willing to engage in malicious behavior, etc.).

Also I think it is a bigger issue than just hiring a sys admins.  Since the parent company owns the vast majority of the shares, obviously it is also in friedcat's best interest to fix the issue.  It makes no sense for any party involved to just shrug at the number of orphaned blocks.  I am sure if it was a simple fix that he would do it.  I think its a bigger issue related to China's internet firewalls, weird network issues and other Chinese internet idiosyncrasies.

I've commented on this before, but I'll put it out there again. I have experience solving cross-border Chinese internet challenges for financial companies. The solutions aren't free - probably around $10K+ / month, but they work. If any board members are aware of whether or not Friedcat is looking for assistance in tackling this problem, I'll be happy to share my experiences with his network admin.

In short, if this is a major profit issue, it can be solved in < 30 days if there's a will.

velacreations
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
August 29, 2013, 03:53:27 PM
 #12155

I don't pay for promises. I pay for results and delivery.

Others promise. And promise. And promise.

Friedcat delivers.

Friedcat once was a promiser only too. And i believed him luckily.

There are significantly more promisers than miss their mark compared to ones that hit, like FC.  And even FC has stumbled at times.

When even FC has a hard time, it makes me wonder how in the world some of these other jokers will meet even half of their wild claims.

SaintFlow
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


The first is by definition not flawed.


View Profile
August 29, 2013, 06:24:27 PM
 #12156

About the 200 bitcoin - I wonder when the press picks up on it.

The value Mr. Cat created for the public perception of bitcoin is bigger than 200 coins.


don't let me make you question your assumptions
Panterino
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
August 29, 2013, 06:28:45 PM
 #12157

About the 200 bitcoin - I wonder when the press picks up on it.

The value Mr. Cat created for the public perception of bitcoin is bigger than 200 coins.



Was thinking the same thing.
TheSwede75
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile
August 29, 2013, 06:35:30 PM
 #12158

About the 200 bitcoin - I wonder when the press picks up on it.

The value Mr. Cat created for the public perception of bitcoin is bigger than 200 coins.



200 BTC invested, 1000s BTC in trust and respect gained.
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1302
Merit: 1042

👻


View Profile
August 29, 2013, 06:36:04 PM
 #12159

About the 200 bitcoin - I wonder when the press picks up on it.

The value Mr. Cat created for the public perception of bitcoin is bigger than 200 coins.



Definitely true. "Bitcoin miner voluntarily returns $22,000 mistake"
g83
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


Super Smash Bros. Ultimate Available Now!


View Profile WWW
August 29, 2013, 06:55:27 PM
 #12160

Friedcat is the only one who puts a little trust in bitcoin business. All other players just fucked up
Pages: « 1 ... 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 [608] 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!