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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
Lohoris
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November 12, 2013, 12:31:44 PM
 #14901

Everyone seems to price shares by the dividends.
How can you blame them?
After all, it's not like you're getting anything should the company close.
So the dividends are the only reason to buy the shares.

You might argue that people are too much focused on current dividend, ignoring future ones, however with the great amount of scams and failures in the bitcoin world, again, how can you blame them? After all, if you're in for the long run, just buy real-world stocks.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
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November 12, 2013, 01:05:31 PM
 #14902

Everyone seems to price shares by the dividends.
How can you blame them?
After all, it's not like you're getting anything should the company close.
So the dividends are the only reason to buy the shares.

You might argue that people are too much focused on current dividend, ignoring future ones, however with the great amount of scams and failures in the bitcoin world, again, how can you blame them? After all, if you're in for the long run, just buy real-world stocks bitcoin and hold it.


Fixed that for you.

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November 12, 2013, 02:32:12 PM
 #14903

just buy real-world stocks bitcoin and hold it.
Fixed that for you.

nice +1
Chris_Sabian
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November 12, 2013, 08:21:32 PM
 #14904



Im a rather big holder, though not with a forum seat. But i would like to hear where your optimisms comes from. I mean for sure at some point something will move again... but friedcat isnt communicating anymore, we get infos about 5 edges and dates for deployment of more hashingpower or units sold werent met.
I think whining about no information and constantly dropping value and divs is no wonder. In fact it would be a very bad sign for other mining companies.
[/quote]

+1

I agree.  I understand that bitcoin mining has become / becoming very competitive and the CEO of a mining company needs to be tight lipped.  However, they can say "We are working on the next generation of hardware and hope to have competitive hashing in the next 6 months".  This would reassure investors and not provide much information to the competition.

Also, the increase in BTC recently has to only help AM since they pay bills and buy hardware in fiat.
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November 12, 2013, 08:31:47 PM
 #14905

No divs or movement on the mining/div wallets. I am guessing they are skipping the divs this week? (instead of a tiny amount, better to skip and have a bigger div payment next week). Though it would be unusual for Asicminer to skip the div payment (would be first time ever)

A cube announcement (1BTC each) would probably offset the lack of divs
neilol
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November 12, 2013, 08:37:52 PM
 #14906

No divs or movement on the mining/div wallets. I am guessing they are skipping the divs this week? (instead of a tiny amount, better to skip and have a bigger div payment next week). Though it would be unusual for Asicminer to skip the div payment (would be first time ever)

A cube announcement (1BTC each) would probably offset the lack of divs

Divs are paid on Wednesday.

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November 12, 2013, 08:48:32 PM
 #14907

No divs or movement on the mining/div wallets. I am guessing they are skipping the divs this week? (instead of a tiny amount, better to skip and have a bigger div payment next week). Though it would be unusual for Asicminer to skip the div payment (would be first time ever)

A cube announcement (1BTC each) would probably offset the lack of divs

Divs are paid on Wednesday.

haha, that is correct. My bad, was a little bit impatient.

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November 12, 2013, 11:23:50 PM
Last edit: November 12, 2013, 11:34:46 PM by hlynur
 #14908

in case somebody is interested in AM cube:
https://bitcointalk.org/index.php?topic=331341.0

also offered on taobao:
http://item.taobao.com/item.htm?id=18635057299
http://item.taobao.com/item.htm?spm=a230r.1.14.12.iZQhY4&id=18093845345
and ebay:
http://www.ebay.com/itm/NEW-Asic-Miner-Block-Eruptor-Cube-bitcoin-30GHS-overclock-up-to-38GHS-/251378161222?pt=LH_DefaultDomain_0&hash=item3a874e5646

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November 12, 2013, 11:30:10 PM
 #14909


I love the consored sponge bob behind. "Guys let's make some picture of an ASIC device with Sponge Bob!", "Yeeees! Awesome idea!!".

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
hlynur
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November 12, 2013, 11:46:55 PM
 #14910

Cheesy haven't even noticed that.
let's hope it helps to get rid of those old chips faster.
why not add a caption ala "it's a miner for the whole family"  Smiley

Kouye
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November 12, 2013, 11:58:44 PM
 #14911

"Save on your heating bills. Hell, don't just save, make money heating your home" Smiley
Not bad. How about: "Bring out your dead!" ?

[OVER] RIDDLES 2nd edition --- this was claimed. Look out for 3rd edition!
I won't ever ask for a loan nor offer any escrow service. If I do, please consider my account as hacked.
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November 12, 2013, 11:59:28 PM
 #14912

"Save on your heating bills. Hell, don't just save, make money heating your home" Smiley

Unless you are in the antipodes that makes sense. Heat your home with ASICs. Wink
gogxmagog
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November 13, 2013, 12:21:28 AM
 #14913

at this point in the game, mining with ~30GHs is strictly a hobbyist's game. why not tap into the xmas gift/novelty market?
Mom: "kids love 'puters n stuff, and little Bobby's been begging us to help him get started mining dem bitcoins...plus, look! It's got Spongebob!"
Dad: "great idea! Buy now and beat the xmas rush!"
Little Bobby (on xmas day) "WTF??? This thing is USELESS!"

tinus42
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November 13, 2013, 12:25:28 AM
 #14914

at this point in the game, mining with ~30GHs is strictly a hobbyist's game. why not tap into the xmas gift market?
Mom: "kids love 'puters n stuff, and little Bobby's been begging us to help him get started mining dem bitcoins...plus, look! It's got Spongebob!"
Dad: "great idea! Buy now and beat the xmas rush!"
Little Bobby (on xmas day) "WTF??? This thing is USELESS!"

Well that might happen in a few years. As of now Bitcoin is still a geek's game. When your hairdresser and taxi driver start talking about it then you know it's a hype.
gogxmagog
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November 13, 2013, 12:43:28 AM
 #14915

at this point in the game, mining with ~30GHs is strictly a hobbyist's game. why not tap into the xmas gift market?
Mom: "kids love 'puters n stuff, and little Bobby's been begging us to help him get started mining dem bitcoins...plus, look! It's got Spongebob!"
Dad: "great idea! Buy now and beat the xmas rush!"
Little Bobby (on xmas day) "WTF??? This thing is USELESS!"

Well that might happen in a few years. As of now Bitcoin is still a geek's game. When your hairdresser and taxi driver start talking about it then you know it's a hype.

Yes, I was being facetious, but since you mention it... last month I was in a cab where the driver was going on and on about btc, PLUS, my wife is a hairdresser, and she has all sorts of tech guys as clients, so she totally talks about bitcoins with them. Just sayin' ;-)

ofc, for a gift market to open up, these miners would have to cost about 1/3 of what they do now.
tinus42
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November 13, 2013, 12:46:28 AM
 #14916

at this point in the game, mining with ~30GHs is strictly a hobbyist's game. why not tap into the xmas gift market?
Mom: "kids love 'puters n stuff, and little Bobby's been begging us to help him get started mining dem bitcoins...plus, look! It's got Spongebob!"
Dad: "great idea! Buy now and beat the xmas rush!"
Little Bobby (on xmas day) "WTF??? This thing is USELESS!"

Well that might happen in a few years. As of now Bitcoin is still a geek's game. When your hairdresser and taxi driver start talking about it then you know it's a hype.

well, I was being facetious, but since you mention it... last month I was in a cab where the driver was going on and on about btc, PLUS, my wife is a hairdresser, and she has all sorts of tech guys as clients, so she totally talks about bitcoins with them. Just sayin' ;-)

ofc, for a gift market to open up, these things would have to cost about 1/3 of what they do now.

OK, so BTC is officially in a bubble. Hedge accordingly. Wink
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November 13, 2013, 12:57:47 AM
 #14917

I don't know how did this thread turned into another Bitcoin-pricetalk but I will indulge it. Bitcoin is not in a bubble it is just another round of increased appreciation for sound money against bubbling fiat currencies. What we are happy about here is that the bubbling effects fiat/btc faster than it affects fiat/goods  Cool

Will take me a while to climb up again, But where is a will, there is a way...
jimmothy
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November 13, 2013, 01:00:12 AM
 #14918

Fun fact: At 2000 yuan (328 usd) you would actually see ROI in only 37 days according to http://mining.thegenesisblock.com/. Completely surpassing any other asic available even KNC.
hlynur
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November 13, 2013, 01:02:38 AM
 #14919

because i see AM cube selling/preordering already despite any announcement by friedcat so far,
i have to bring up this subject again:

What distracts me most as a shareholder is the lack of information channels.

i mean i get it that AM is just a manufacturer and the rest is mostly done via resellers.
But do i expect too much with a functioning decent website up to date with info on released products and links for the shops/auctions?
Why don't they roll out the full package to get a glance into every miner's eye? (slightly exagerrating here  Wink)
Show some pics, hell even make a rotating 3D model with some data.

I'm doing this as a job, i hereby even offer my service at this point for doing the shiny eyefuck renderings to get this going.


an example:
When i google "asicminer cube", the first site of results doesn't even give me a link to any official website.
instead i see the first 5 of 6 entries are named "ASICMiner Cube?")
and i notice preorder via wtcr (good) and hashfast advertising at the top (Tongue)
when i google "asicminer" again another hasfast advert,
then http://www.asicminer.co/ (which was last updated 4th May!!!)

I read some time ago that friedcat likes to keep a low profile and this was already discussed.
I totally understand having some amount of anonymity on the web,
but when i look at http://cointerra.com/;https://hashfast.com/;http://www.butterflylabs.com/
i see so much potential here...f**k, AM even has the "asicminer" in its company name.
that's like selling bread when your named baker™. You have to use that advantage.


this is not meant as a rant and sorry if i sound like a marketing-asshole here (comes with the job environment  Undecided)
fc will somehow sell these cubes but the overall process could be done in a much better way imo.

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November 13, 2013, 01:04:04 AM
Last edit: November 13, 2013, 01:16:59 AM by gogxmagog
 #14920

I agree with hlynur. AM's marketing should be given serious thought. FAIK it is already being addressed. still- don't underestimate the "gift" market, esp. at xmas. billions to be made across all areas of retail. and something like this... I buy all sorts of electronics for my kid every year, and this type of "science-y" tech thing is just what granny might think her computer-obsessed grand-kids would love to own. not a sustainable market to be sure, but we are talking about unloading gen1 chips here right? when I think of all the expensive chemistry sets, and radio shack circuit board kits, and build your own radio sets I got when I was a kid... there is definitely a market there if you know how to reach it. One major retailer carrying these things would be a real leg up.
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