ASICMINER: Entering the Future of ASIC Mining by Inventing It

[realdos]

3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

1000P ? As in Petahash?  By February? That sounds like more than a stretch. Even if the hardware costs nothing, electricity consumption of a 1000PH network would be close to its mining revenue for anything but the cheapest electricity. We may get there one day, but not in February. If Friedcat really think he can get several 100PH online by then, well, I wanna buy some shares. Find this hard to believe though.

For your information, some people in China have access to lower or even zero electricity cost...

[dexX7]

I can confirm this.

[bitrich]

The interviewer is one of our members in the Chinese community. She is not one of AM's board members but she does hold some AM shares. She has been planning to have an interview with Friedcat and finally she made it. We the Chinese Bitcoiners have known her for a long time and she's built her credibility with her interviewing more than 15 people in this community.
I post this video and translation in this thread, assuming that since she already post it on Weibo, a twitter-like service in China, that should become some public information and Friedcat's consent must have been gained to release it.

I can confirm this.

Very interesting.  If this is fake, then its the most elaborate pumping scheme I have ever seen in the 10 years I have been investing

doesnt seem very elaborate, just a chinese girl speaking to a video camera and a couple people who would really like the share price to come back, sell walls in place, hmm idk ill wait it out. if its true there will be plenty of room to get back in

[VolanicEruptor]

I can confirm this.

Granny made it home from the desert!  I'm glad she's alive.  

[VolanicEruptor]

The interviewer is one of our members in the Chinese community. She is not one of AM's board members but she does hold some AM shares. She has been planning to have an interview with Friedcat and finally she made it. We the Chinese Bitcoiners have known her for a long time and she's built her credibility with her interviewing more than 15 people in this community.
I post this video and translation in this thread, assuming that since she already post it on Weibo, a twitter-like service in China, that should become some public information and Friedcat's consent must have been gained to release it.

I can confirm this.

Very interesting.  If this is fake, then its the most elaborate pumping scheme I have ever seen in the 10 years I have been investing

doesnt seem very elaborate, just a chinese girl speaking to a video camera and a couple people who would really like the share price to come back, sell walls in place, hmm idk ill wait it out. if its true there will be plenty of room to get back in

But we're seeing confirmations from some fairly credible people, which would add to the schemes complexity.  If she was lying, would she have the nerve to show her face on webcam as she lies through her teeth?  I wouldn't have the balls to do that, especially if I lived there.

[bitrich]

The interviewer is one of our members in the Chinese community. She is not one of AM's board members but she does hold some AM shares. She has been planning to have an interview with Friedcat and finally she made it. We the Chinese Bitcoiners have known her for a long time and she's built her credibility with her interviewing more than 15 people in this community.
I post this video and translation in this thread, assuming that since she already post it on Weibo, a twitter-like service in China, that should become some public information and Friedcat's consent must have been gained to release it.

I can confirm this.

Very interesting.  If this is fake, then its the most elaborate pumping scheme I have ever seen in the 10 years I have been investing

doesnt seem very elaborate, just a chinese girl speaking to a video camera and a couple people who would really like the share price to come back, sell walls in place, hmm idk ill wait it out. if its true there will be plenty of room to get back in

But we're seeing confirmations from some fairly credible people, which would add to the schemes complexity.  If she was lying, would she have the nerve to show her face on webcam as she lies through her teeth?  I wouldn't have the balls to do that, especially if I lived there.

idk, im not accusing anyone at this point, just saying i personally will wait for more solid evidence. most people on this thread have plenty of motive to jump in and help if they think theyll get a little more btc back. He confirmed the girl is reputable in the chinese bitcoin community which makes it seem less likely she would be involved in some sort of outright lie, pump scheme but Ive seen too many people in securities say anything to pump or dump a share price so ill remain skeptical at the risk of missing out of some profit. I think if this is true the share price would double so plenty of time to get back in, no need at least in my opinion to panic buy, thats always gets me in trouble lol

[VolanicEruptor]

true.. hope FC can clarify this.  One thing I noticed was kind of strange about the video is that she looked like she was going to cry.  She didn't smile at all..

[bitrich]

true.. hope FC can clarify this.  One thing I noticed was kind of strange about the video is that she looked like she was going to cry.  She didn't smile at all..

I hope so too, id love to see AM bounce back, also doesn't make sense to me that FC wouldn't let the forum know info like this himself, it could have helped the share price a lot. Why are we hearing this from what to me seems like a random person? Maybe FC will take notice and chime in with a confirm or deny soon, the suspense is killing me lol

[finlof]

you have to wait 2-3 more days till the 27th.

[freedomno1]

Well to be honest we didn't know about the Slideshow presentation for quite some time until we had it translated over here
It is possible that information we don't have available on the English forum is real just not immediately confirmed
So for now assumes it is 75% confirmed not 99.9%

[bitrich]

google translates FC to Grilled Cat lmao
Much healthier!

[bitrich]

Well to be honest we didn't know about the Slideshow presentation for quite some time until we had it translated over here
It is possible that information we don't have available on the English forum is real just not immediately confirmed
So for now assumes it is 75% confirmed not 99.9%

agreed, ill accept that

[bitcoin.newsfeed]

true.. hope FC can clarify this.  One thing I noticed was kind of strange about the video is that she looked like she was going to cry.  She didn't smile at all..

I hope so too, id love to see AM bounce back, also doesn't make sense to me that FC wouldn't let the forum know info like this himself, it could have helped the share price a lot. Why are we hearing this from what to me seems like a random person? Maybe FC will take notice and chime in with a confirm or deny soon, the suspense is killing me lol

the same like with "live hash rate meter" , Friedcat never announced its existence(he only said something, that they have one for internal use) but still the Chinese Community had knowledge about existence of erpao.info long before other shareholders

btw looking forward for transcript... and I should began to learn Chinese

[Puppet]

1000 PH sounds quite reasonable actually. The break-even point for BTC at $100 USD for the highest efficiency ASICs today (the 28nm tech) is ~200 PH/s (https://bitcointalk.org/index.php?topic=281279.0)

if bitcoins are $500 by then, that takes us to a break-even of 1000 PH... and this doesn't take into account more efficient chips or higher bitcoin prices (or over-invested miners or people powered on wind farms, etc.)

Nor does it account for the production cost, supply chain and HUGE opportunity cost of selling these miners far above marginal cost.

1000PH is the equivalent of more than 2 million HF babyjets. Even if the price would get down to just $500, thats $1 billion dollar. Who's going to cough that up?
Moreover,  if they start producing today, to get there by February thats ~17000 units per day, 7 days a week.  Ciara is a big plant, a really big plant, but last I looked, IIRC they boasted about 2500 unit per day total production capacity across all their lines.

Now I have a reputation for being pessimistic about miners prospects, but even i dont believe this for a second.  100PH would be pretty amazing already.

[TadpolesIsAWinner]

Someone's excited.  I was thinking about going in...put a buy order in at .66.  Lowest sell order was 58 shares for a little under .8 btc.  Watching...watching...someone picked up all 58 in one buy.  I then panic bought 3 shares real quick at .8.

Edit: Less than 5 min after I posted this, already up at .87 btc and rising fast...

Edit 2: 5 min later, .95 and rising....

[jeffshed]

this will be breaking volume records for havelock....good on em!!

[Pompobit]

looks very strange nobody posted this in the chinese subforum.

By the way I asked in that forum for a translation and/or a confirm, still no answer

[VolanicEruptor]

why is BF lagging behind so bad?

[dexX7]

why is BF lagging behind so bad?

Maybe because it's harder to export the shares and there are also the US restrictions.. anyway, HL is almost above 1 BTC already. This has potential..

[realdos]

https://bitcointalk.org/index.php?topic=252469.0
That is the thread the interviewer post for all the people she interviewed.