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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888296 times)
SaintFlow
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February 21, 2013, 06:59:11 PM
 #1781

I recommend the boardmembers get together and vote for a official spokesperson who can be reached easier.
This company is being valued depending on which trade you follow around 5,4 million $.
Time for a hole PR team  Grin

don't let me make you question your assumptions
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Jutarul
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February 21, 2013, 07:01:03 PM
 #1782

Thus the early deployment of ASICMINER is a double win!
Although all that is true, I was tempted to believe the naive part would be to NOT know that.
Yes - and I just wanted to point it out. However, the fact that the correction factor itself is competitive was not obvious to me.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul
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February 21, 2013, 07:12:20 PM
 #1783

I recommend the boardmembers get together and vote for a official spokesperson who can be reached easier.
This company is being valued depending on which trade you follow around 5,4 million $.
Time for a hole PR team  Grin
Needs to be at the location. Remote PR is useless.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
SaintFlow
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February 21, 2013, 07:14:09 PM
 #1784

Needs to be at the location. Remote PR is useless.

Has to be - like as personal assistent for communication i.e. secretary

don't let me make you question your assumptions
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February 21, 2013, 07:25:13 PM
 #1785

PR is totally useless for a company like ASICMINER, because ASICMINER doesn't need any realation to the "public".

I think you just mean more information for the shareholders, which can be achieved much cheaper, than some
overprised PR-Guy.

Donatioins always welcome Wink
BTC: 148nRwhghr9Abnpp9vShYxSPDbyMFQzjhr
LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t
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February 21, 2013, 08:45:13 PM
 #1786

A PR team, lmao...
 "Today we experienced difficulty with the blue coloured CAT-6 connecting rack #8 so we switched it to a new yellow one. The yellow one is a meter longer, we hope this does not add any lag"

At the end of the day, what does it matter? People around here are so fuckin needy for no real gain.

I digress, but as a Sysadmin... gotta make sure everything is colour coded and wired cleanly on the Racks Smiley.

On Topic...

Glad to hear Dividends are coming out soon. I don't recall reading of this - but is there a location we can read the total dividend accumulation or just ballpark it based on btcguild + shares found?

-VJ

Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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February 21, 2013, 10:10:14 PM
 #1787

Props to you ASICMINER for being the first company to widely manufacturer & deploy ASICS  Smiley

TradeFortress has left me negative trust and has provided no proof to substantiate his claim. He has done this to discredit me as I am investigating him.
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February 21, 2013, 11:19:47 PM
 #1788

A PR team, lmao...
 "Today we experienced difficulty with the blue coloured CAT-6 connecting rack #8 so we switched it to a new yellow one. The yellow one is a meter longer, we hope this does not add any lag"

At the end of the day, what does it matter? People around here are so fuckin needy for no real gain.

I digress, but as a Sysadmin... gotta make sure everything is colour coded and wired cleanly on the Racks Smiley.

On Topic...

Glad to hear Dividends are coming out soon. I don't recall reading of this - but is there a location we can read the total dividend accumulation or just ballpark it based on btcguild + shares found?

-VJ

This must be a nightmare for you then... my personal rack  Wink


1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
SebastianJu
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February 21, 2013, 11:20:47 PM
 #1789

So the ones at ozcoin really are avalonusers. I wondered about that since the avalon user thread became active more and more.

But what i wonder about is that till now only a fraction of the 12TH are online. And it looks like they now have 3,6TH online. 8 days before it was 2TH. So 0.2TH per day came online. That means a problem. The 12TH would be online in 42 days. Not to say something about the 50TH coming in some days.

I think something mus happen here. I wonder whats the thing thats eating so much time and if this step cant be changed, outsourced or whatever because the speed now wont lead to success.

I wonder how avalon did the same in a much shorter timeframe if they really were able of sending out so many items in so short time? Did they manufacture everything ready to go at a factory?

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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February 22, 2013, 12:12:45 AM
 #1790

I wonder how avalon did the same in a much shorter timeframe if they really were able of sending out so many items in so short time? Did they manufacture everything ready to go at a factory?

Avalon previously said that they were assembling around 12 units a day.  They said that they had shipped a batch of 53 before CNY but it likely didn't clear customs before then - it might be those units which have now reached end users.  If Avalon is smart, they've continued assembling units over CNY and should have quite a few ready to ship now the holiday period is over.

I think what people want from friedcat is a timeline for bringing the rest of the 12 TH online.  I understand his reluctance to give one.  We've already seen how people take "we hope to" statements as if they were set in concrete, and it probably is best to not get sucked into that game.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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February 22, 2013, 02:45:51 AM
 #1791

Needs to be at the location. Remote PR is useless.

Has to be - like as personal assistent for communication i.e. secretary

We dont need another person like Inaba or MPOE-PR

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February 22, 2013, 02:52:07 AM
 #1792

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?

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February 22, 2013, 02:59:56 AM
 #1793

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?
For that reason it is important to disperse the hashing power all around the globe. Then no single government has that kind of power - at least they'd need to employ the military instead of the police.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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February 22, 2013, 03:03:12 AM
 #1794

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?

Given how small the Bitcoin economy is, how would it really benefit them?  How many of you would hoard your BTC, buy BTC or continue mining if China took control of the network?  

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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February 22, 2013, 03:12:02 AM
 #1795

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?

Given how small the Bitcoin economy is, how would it really benefit them?  How many of you would hoard your BTC, buy BTC or continue mining if China took control of the network?  

Im not sure when the chinese government will think its prudent to do so. I guess its like asking why the US convinced the saudis to price oil in USD.

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February 22, 2013, 03:17:51 AM
 #1796

...
Pubic balance sheet: per quarter
...

*snicker*

Needs to be at the location. Remote PR is useless.

Has to be - like as personal assistent for communication i.e. secretary

We dont need another person like Inaba or MPOE-PR

This, this, this, a thousand times, this. Friedcat has provided shareholders with awesome weekly updates. Stop being impatient.

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February 22, 2013, 03:26:18 AM
 #1797

Congratualtions to this project and being the first to kick some ass!
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February 22, 2013, 06:49:16 AM
 #1798

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?
For that reason it is important to disperse the hashing power all around the globe. Then no single government has that kind of power - at least they'd need to employ the military instead of the police.

This is a dangerous misconception. Hashing power has in practice nothing to do with network security. What matters is the total investment in the mining sector. Just before ASICs came out, assuming average dollar cost of H/s for GPUs and FPGAs, the investment was on the order of several tens of millions of dollars. Now, with all the ASIC hysteria and BTC price rising, mining sector may be overinvested (and miners will soon learn this the hard way, unless the price keeps rising), we may be dealing with 40-80 million USD. That's the real measure of network (in)security, as that's what it takes to dominate the network.

By the way, this is peanuts even for the governments of Thailand, Canada, or Nigeria - mentioning China or the U.S. in this context is plain ridiculous. Also, this is peanuts for the majority of multinational corporations.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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February 22, 2013, 06:54:53 AM
 #1799

For that reason it is important to disperse the hashing power all around the globe...
This is a dangerous misconception. Hashing power has in practice nothing to do with network security. What matters is the total investment in the mining sector...
here you assume that the aggressor either produces or buys hashing power, correct? The comment referred to a take down measure or hostile takeover - not an economic attack on the network.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
niko
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February 22, 2013, 07:37:36 AM
 #1800

For that reason it is important to disperse the hashing power all around the globe...
This is a dangerous misconception. Hashing power has in practice nothing to do with network security. What matters is the total investment in the mining sector...
here you assume that the aggressor either produces or buys hashing power, correct? The comment referred to a take down measure or hostile takeover - not an economic attack on the network.
Oops. I went on a tangent and totally missed your point. Yes, a raid is certainly possible, but not likely.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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