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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
KS
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September 29, 2013, 12:17:28 PM
 #13421

skynet

Well, you can blame the Belgians for that....

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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Strange Vlad
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September 29, 2013, 12:22:38 PM
 #13422

Could someone remind me the address of the public AM hash-rate meter, please?  I've lost the link Sad

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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dexX7
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September 29, 2013, 12:24:22 PM
 #13423

Could someone remind me the address of the public AM hash-rate meter, please?  I've lost the link Sad

This one?

http://www.asicminercharts.com/live/

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September 29, 2013, 12:25:49 PM
 #13424


I mean, not an estimation but an official indicator.

EDIT: found it! http://erpao.info/

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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FNG
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September 29, 2013, 12:41:15 PM
 #13425

ASICMINER  in the news  http://www.mumbaimirror.com/others/sunday-read/Bitcoin-billionaires/articleshow/23236886.cms

 Cheesy
shawshankinmate37927
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September 29, 2013, 02:18:48 PM
 #13426


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But now, to get a steady source of Bitcoins, Kothari has bought shares of a China-based company called ASIC Miner. The company has rooms full of servers that mine Bitcoins all day. These servers use reprogrammed chip technology called Application Specific Integrated Circuit Chips (ASIC), which has made the mining process faster. Every week, Kothari receives a steady supply of Bitcoins.

Unfortunately, that "steady source of Bitcoins" via AM dividends has turned out to be not-so-steady.

It sure would be nice if you could get reliable dividend income by buying shares of AM.  Not everyone is interested in capital appreciation or making a quick few BTC.  Some of us would prefer an investment that provides a stable source of income for decades to come and that we'll be able to pass on to our heirs some day.  They're still highly speculative right now, but hopefully shares of AM will eventually fit that bill.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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September 29, 2013, 02:42:06 PM
 #13427

Unfortunately, that "steady source of Bitcoins" via AM dividends has turned out to be not-so-steady.
Has FC ever missed a dividend payment?  I've received all of my dividends right on time, every time.

shawshankinmate37927
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September 29, 2013, 03:22:31 PM
 #13428

Unfortunately, that "steady source of Bitcoins" via AM dividends has turned out to be not-so-steady.
Has FC ever missed a dividend payment?  I've received all of my dividends right on time, every time.

Who said he missed a dividend payment?  I've received all dividends as well, but I don't think anyone here will claim that the size of their dividends has been steady.

Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
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September 29, 2013, 04:22:15 PM
 #13429

Who said he missed a dividend payment?  I've received all dividends as well, but I don't think anyone here will claim that the size of their dividends has been steady.
oh sorry, I thought you meant the payout was not steady.  I didn't realize you meant the size of the dividend.

Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)
yes, though the hardware revenue has remained fairly constant for at least 6 weeks.

shawshankinmate37927
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September 29, 2013, 05:18:20 PM
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Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)
yes, though the hardware revenue has remained fairly constant for at least 6 weeks.

But, I can't help but wonder how many of the people that have been buying AM's hardware are experiencing buyer's remorse now.  I get the sense there aren't going to be a lot of returning customers when new products are unveiled.  Certainly they won't be buying at the same margins.  Personally, I'm hoping this will cause AM to devote a significant part of the current revenues derived from hardware sales to focus more on self-mining in the future.  Self-mining just seems more sustainable over the long-term and buying shares of AM seems like it would be a better deal for all involved than buying AM hardware.


"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
KS
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September 29, 2013, 05:42:22 PM
 #13431

Could s.o. please explain to this noob why ppl are dumping the shares?

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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September 29, 2013, 05:52:15 PM
 #13432

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).
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September 29, 2013, 05:57:42 PM
 #13433

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).

I dumped and bought at another exchange for essentially the same price. With BTCT's announcement, knowing that I could have one security that wouldn't depend upon a migration process was worth it to me.

KS
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September 29, 2013, 06:01:09 PM
 #13434

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).

I dumped and bought at another exchange for essentially the same price. With BTCT's announcement, knowing that I could have one security that wouldn't depend upon a migration process was worth it to me.

Thank you both.

I thought this might have been the case but I was worried sth else was going on.

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
ineededausername
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September 29, 2013, 08:09:14 PM
 #13435

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

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September 30, 2013, 12:30:20 AM
 #13436

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

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September 30, 2013, 12:35:14 AM
 #13437

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

We are not currently in January. Damn, you are so much of a bear..........

Will take me a while to climb up again, But where is a will, there is a way...
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September 30, 2013, 02:07:08 AM
 #13438

Have you seen cex.io - bitfury commodity exchange? It basically sells GH/s at ghash.io pool. Maybe friedcat could go the same way.
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September 30, 2013, 02:19:09 AM
 #13439

I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?
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September 30, 2013, 02:21:27 AM
 #13440

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

We are not currently in January. Damn, you are so much of a bear..........


And FC is not currently deploying hardware, last I checked.

$3/GH is Cointerra's current price for January.  My point is that it may decrease further (for January or otherwise).

I do not understand how either of these observations makes me any more or less bearish.

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