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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901407 times)
nubbins
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October 28, 2013, 07:18:41 PM
 #14421



We're sure getting our mileage out of that clipart Wink


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October 28, 2013, 07:45:36 PM
 #14422

Does someone know whats the percent of the div friedcat is keeping each week? I mean we are at 30% annual return at the current shareprice. If he holds back 50% each time it would mean selling now could be an error since the divs might double soon when he stops keeping back reinvestment costs.

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October 28, 2013, 07:53:21 PM
 #14423

Does someone know whats the percent of the div friedcat is keeping each week? I mean we are at 30% annual return at the current shareprice. If he holds back 50% each time it would mean selling now could be an error since the divs might double soon when he stops keeping back reinvestment costs.
He said he would keep part of the divs for a couple weeks and according to the financial report, they already spent a good chunk of money for R&D.
However I think its not known which percentage he is taking.
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October 28, 2013, 07:56:23 PM
 #14424

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.
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October 28, 2013, 08:08:54 PM
 #14425

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

Probably.  You should sell.

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October 28, 2013, 08:21:31 PM
 #14426

Nah I am not an investor, just observing this trainwreck and cognitive dissonence. Might roll the dice when it drops down to IPO, but considering they are bringing out third gen tech a quarter later than everyone else, even that is a gamble.
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October 28, 2013, 08:28:45 PM
 #14427

Ok question a question regarding Bitfunder directed to TAT (He is most likely reading this thread). Consider the new lights Ukyo is depicting Bitfunder on recently, Is there a possibility for transfers between TAT.ASICMINER on bitfunder to AM100 on havelock? Notice that there is no conversion to read shares which would not break your Pt rules.

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October 28, 2013, 10:47:23 PM
 #14428

Ok question a question regarding Bitfunder directed to TAT (He is most likely reading this thread). Consider the new lights Ukyo is depicting Bitfunder on recently, Is there a possibility for transfers between TAT.ASICMINER on bitfunder to AM100 on havelock? Notice that there is no conversion to read shares which would not break your Pt rules.

There is an offer:

TAT.ASICMINER Bitfunder Migration Grace Period

In light of Bitfunder's recent announcements, we are enabling each Bitfunder shareholder ONE free migration to HavelockInvestments.com.

The following limitations apply:
1. You must initiate this migration request before November 15, 2013.
2. Due to a massive amount of requests, your migration might take anywhere from 1-14 days to process.*
3. After Nov. 15th, we may offer a fee-based transfer service, or discontinue the service.
4. We can make no guarantees that Bitfunder or Havelock will not impose additional limitations on trading in the future.

 How to Transfer Shares:
 1. Make the subject of your email: TAT.AM BF
 2. Push the amount of shares to the issuer account on Bitfunder: TATInvestments by using the Transfer feature while logged in to bitfunder.com
 3. Send an e-mail to tat.investments@gmail.com from your account email address registered with HavelockInvestments.com and include the following info:
   - Bitfunder account name (not email)
  - Bitfunder public wallet address
  - Quantity of shares
  - Havelock registered email address


Do NOT send your request more than once, and do NOT include other requests, questions or comments.

* Transfers will be transferred in batches, and confirmations will ONLY be sent after each batch. Do NOT send emails requesting updates.

NOTE: TAT Investments is not responsible for any lost value, arbitrage, or trading opportunities due to delays in processing transfer requests. TAT Investments is not responsible for any limitations or discontinuations of services or access to liquidity imposed by the host exchanges.


What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

According to the recent Chinese video and estimates ASICMINER has sold 1000 TH/s equivalent in hardware. This roughly equals on third of the current network hashrate.

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October 28, 2013, 10:48:01 PM
 #14429

Was AM lucky or is hashrate really going up?

[13:23] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <76526.79 GH/sec> ]
[13:23] <StalkBot_AM> [ Mining 614.39800064 over 6 days, 10 hours at 390928788 difficulty ]
[13:31] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:31] <StalkBot_AM> [ Deposit amount: 40.23055782 BTC. -> http://blockchain.info/tx-index/94992268 ]
[13:31] <StalkBot_AM> [             New balance at that address is now 503.97258653 BTC.             ]
[13:34] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:34] <StalkBot_AM> [ Deposit amount: 40.37852473 BTC. -> http://blockchain.info/tx-index/94992864 ]
[13:34] <StalkBot_AM> [             New balance at that address is now 544.35111126 BTC.             ]
[22:50] <ll> !hashrate
[22:50] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <85468.7 GH/sec>    ]
[22:50] <StalkBot_AM> [ Mining 644.78964101 over 6 days, 57 minutes at 390928788 difficulty ]

“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
gyverlb
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October 28, 2013, 10:55:15 PM
 #14430

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

Why would he put more TH/s online when people are willing to buy them for more than they can generate in their lifetime? The smart thing to do is to sell them for a quick profit that can be reinvested instead of betting on the hashrate to reach a plateau in the next few months (only way current 1st gen chips could be profitable even bought at cost).

If I were in friedcat's position I would do exactly what he seems to do:
- keep hashing with existing hardware that has already been paid for multiple times,
- research new hardware tech to be ready to put it online ASAP,
- keep selling what customers want to buy and maybe install what is not selling quick enough/is partially defective in the mine to avoid wasting it.

This is called bidding your time. I would be worried if the mine was growing quickly in hashrate with 1st gen ASICs right now as the whole venture would probably risk bleeding Bitcoins.

Following this reasoning I took a risk and bought quite a few shares recently: they may not pay off right now, but I expect them to do so in 2014 and if I'm right it would be too late to buy them then.

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KS
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October 28, 2013, 11:12:41 PM
 #14431

mais c'est tellement plus intéressant que chan AM... Smiley

“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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October 28, 2013, 11:13:56 PM
 #14432

Was AM lucky or is hashrate really going up?

[13:23] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <76526.79 GH/sec> ]
[13:23] <StalkBot_AM> [ Mining 614.39800064 over 6 days, 10 hours at 390928788 difficulty ]
[13:31] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:31] <StalkBot_AM> [ Deposit amount: 40.23055782 BTC. -> http://blockchain.info/tx-index/94992268 ]
[13:31] <StalkBot_AM> [             New balance at that address is now 503.97258653 BTC.             ]
[13:34] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:34] <StalkBot_AM> [ Deposit amount: 40.37852473 BTC. -> http://blockchain.info/tx-index/94992864 ]
[13:34] <StalkBot_AM> [             New balance at that address is now 544.35111126 BTC.             ]
[22:50] <ll> !hashrate
[22:50] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <85468.7 GH/sec>    ]
[22:50] <StalkBot_AM> [ Mining 644.78964101 over 6 days, 57 minutes at 390928788 difficulty ]

Same question in the past "Is ASICMINER hashrate going down or is it just luck?"

IT IS JUST LUCK!

Will take me a while to climb up again, But where is a will, there is a way...
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October 28, 2013, 11:19:23 PM
 #14433

Was AM lucky or is hashrate really going up?

[13:23] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <76526.79 GH/sec> ]
[13:23] <StalkBot_AM> [ Mining 614.39800064 over 6 days, 10 hours at 390928788 difficulty ]
[13:31] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:31] <StalkBot_AM> [ Deposit amount: 40.23055782 BTC. -> http://blockchain.info/tx-index/94992268 ]
[13:31] <StalkBot_AM> [             New balance at that address is now 503.97258653 BTC.             ]
[13:34] <StalkBot_AM> [  DEPOSIT TO ASICMiner's mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)  ]
[13:34] <StalkBot_AM> [ Deposit amount: 40.37852473 BTC. -> http://blockchain.info/tx-index/94992864 ]
[13:34] <StalkBot_AM> [             New balance at that address is now 544.35111126 BTC.             ]
[22:50] <ll> !hashrate
[22:50] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <85468.7 GH/sec>    ]
[22:50] <StalkBot_AM> [ Mining 644.78964101 over 6 days, 57 minutes at 390928788 difficulty ]

Same question in the past "Is ASICMINER hashrate going down or is it just luck?"

IT IS JUST LUCK!

Party pooper Smiley

“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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October 28, 2013, 11:20:10 PM
 #14434

[00:11] <dexX7> !hashrate
[00:11] <StalkBot_AM> [ Estimated hashrate between the last 25 deposits <80219.07 GH/sec> ]
[00:11] <StalkBot_AM> [ Mining 644.86380132 over 6 days, 10 hours at 390928788 difficulty ]

“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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October 28, 2013, 11:21:32 PM
 #14435

Absolutely, there is no point in deploying new gen1 hardware in the hashfarm. Selling is a way better option, until the market runs out of fools that is. We need new hardware at a competitive node size desperately.

The exchange, hubs and immersion cooling can hopefully all find profitable niches as well, I just hope friedcat is not losing focus and trying to do too many things at once. New mining hardware should be #1.

AM virtually has a monopoly on USB mining sticks so I hope we can emphasize on that with gen2 as well.

Edit: *ugh* I noticed I used the word 'hope' 3 times... No wonder all the serious investors have left.

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October 28, 2013, 11:50:02 PM
 #14436

Haven't seen this asked or raised here before ...

With BTCT closing, we now have Havelock and Bitfunder. I can't access Bitfunder, and with all the recent issues seen on that exchange, I am not really sure how much volume is there. On Havelock, we have about 9000 shares. This is out of the total 400,000 shares released by AM (even if we they have 66%, there's still 131,000 shares outside of Havelock. What's happening to those shares? I am not seeing panic selling on the auctions forum here. Are there other major BTC boards or forums where people trade BTC stock?

I just see few panic traders who probably have no clue or are just in there for the day trading (looking at you, Havelock traders).

As many have said, that stock price on Havelock (or even Bitfunder) isn't any representation of the actual value of the AM stock. Once AM rolls out the blockchain based exchange, or if BTCT resurrects, we will start to see the true value. 
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October 29, 2013, 12:22:39 AM
 #14437

What should we expect on November 7?
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October 29, 2013, 12:30:39 AM
 #14438

What should we expect on November 7?

Another day. You should watch the weather forecast for more details.

Will take me a while to climb up again, But where is a will, there is a way...
professorY
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October 29, 2013, 12:31:12 AM
 #14439

What should we expect on November 7?

What happens on November 7?

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October 29, 2013, 12:46:46 AM
 #14440

What should we expect on November 7?

What happens on November 7?

The Chinese girl does another "exclusive interview" with Friedcat :-)
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