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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
VolanicEruptor
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October 25, 2013, 12:05:18 AM
 #14201

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.

Actually it just confirms what was said earlier and isn't really news. Several hundred TH were schedueled for "end of the year" and I think 1000 were mentioned in rockxie's presentation. Not sure anymore..

This is the interviewer's thread:

https://bitcointalk.org/index.php?topic=252469.0 (sticky in the Chinese subforum)

It's still a relief to know that FC is still interested in mining.  For awhile there he had us convinced he was going to resort to selling cotton candy and cigarettes, (ignoring mining all together)

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Pompobit
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October 25, 2013, 12:17:25 AM
 #14202

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.

Actually it just confirms what was said earlier and isn't really news. Several hundred TH were schedueled for "end of the year" and I think 1000 were mentioned in rockxie's presentation. Not sure anymore..

This is the interviewer's thread:

https://bitcointalk.org/index.php?topic=252469.0 (sticky in the Chinese subforum)

The thread is stickyed but I can't find any news about friedcat. Her last post is dated 20 october and her last interview 12 october.
BitHub
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October 25, 2013, 12:23:57 AM
 #14203

Its all BS and lies to try and save this worthless stock, see you at 0.0000001 a share
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October 25, 2013, 12:32:04 AM
 #14204

He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.
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October 25, 2013, 12:44:39 AM
 #14205

He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.

Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
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October 25, 2013, 12:47:01 AM
 #14206

mmm, someone in the chinese forum confirmed the video:
https://bitcointalk.org/index.php?topic=317586.new#new

I think it's time to open an account on havelock, is it fast?  Angry
pascal257
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October 25, 2013, 12:47:42 AM
 #14207

He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.

Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
I don't think so, that would be insane. Off-chain transactions will get more and more popular.
finlof
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October 25, 2013, 12:52:47 AM
 #14208

mmm, someone in the chinese forum confirmed the video:
https://bitcointalk.org/index.php?topic=317586.new#new

I think it's time to open an account on havelock, is it fast?  Angry
pretty fast.  i opened one as soon as i saw the news and had my btc in there within 20 - 30 min.  bought some shares, sold 66% of them for the amount i bought all of them to get all my original investment back out.  so i have free shares!
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October 25, 2013, 12:53:47 AM
 #14209

He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.

Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
I don't think so, that would be insane. Off-chain transactions will get more and more popular.

You run the fractional reserve risk with that, but it's possible, specially for small values.

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October 25, 2013, 01:26:39 AM
 #14210

I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.

Edit:

http://wenku.baidu.com/view/ede0631876c66137ee06192f.html

This one. I can't tell the page though, it's just from my memory. Smiley


Edit 2:

I think the confussion is that FC allegedly said in the interview that 2014 the network hashrate may hit 1000 PH.

qwertyqwerty
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October 25, 2013, 01:31:56 AM
 #14211

I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.

yes, that's right
(but not 1000ph, as someone mentioned)
realdos
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October 25, 2013, 01:54:28 AM
 #14212

And second half of the interview is just released. .
donut
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October 25, 2013, 02:20:38 AM
 #14213

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?
jeffshed
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October 25, 2013, 02:39:28 AM
 #14214

someone.....please.....translate....
realdos
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October 25, 2013, 02:53:15 AM
 #14215

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?

A brief translation is as below:

1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.

2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.

3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.
jeffshed
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October 25, 2013, 02:59:11 AM
 #14216

panic....buy

edit: thank you very much buy the way
BitHub
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October 25, 2013, 03:00:55 AM
 #14217

last ditch effort to pump the price to cash out before it goes below ipo prices.
chriswilmer
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October 25, 2013, 03:12:16 AM
 #14218

last ditch effort to pump the price to cash out before it goes below ipo prices.

*shrugs* This news is all positive but also very reasonable. Of course it makes sense to wait for Friedcat to post here saying either "Yup, that was me" or "No, those are lies" before making a decision.
dmcdad
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October 25, 2013, 03:21:40 AM
 #14219

last ditch effort to pump the price to cash out before it goes below ipo prices.
last ditch effort to get out of short position with shirt still on before AM rebounds.
freedomno1
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October 25, 2013, 03:32:50 AM
 #14220

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?

Lol Chinese Pizza hut ad  Wink
Hmm moments I wish there was a settings button for garbled english
That said translation greatly appreciated
Might need to get these moon cat pictures back soon pending of course
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