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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
hdbuck
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May 20, 2014, 12:41:07 PM
 #19321

...
I remember that discussion. To quote myself back in the days...
...
I'm AM bullish, but expecting (a lot) more than 0.5 BTC divs/share for all of gen 3 is delusional these days. Looking at the competition, this is still more than fine. Prepare for 0.25 BTC divs/share and take any surplus as a nice bonus. Disclaimer: This is no trading advice, remember that I may be very wrong about this. Also, I do own shares.

yea alright.. ^^
anyho, 1 week left! Cheesy
*drumroll
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binaryFate
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May 20, 2014, 12:47:07 PM
 #19322


Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
_mr_e
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May 20, 2014, 12:49:25 PM
 #19323



I have waited for this day since I bought my first stupid share at 3 btc on the way down... I scooped up more then my fair share at 0.3 to make up for it:D
BitHub
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May 20, 2014, 01:07:21 PM
 #19324

CHRIST I'M EXCITED. Should buy my 100 shares now or wait for it to dip a lil more?
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May 20, 2014, 01:13:16 PM
 #19325



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Ferrum Network • Interoperability Network for Financial Applications
minerpumpkin
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May 20, 2014, 01:40:49 PM
 #19326

Ahh, well there's a flaw in your reasoning, though: Producing the chips will cost effectively the same in 3 months or even 6 or 12. A fabrication process in that size isn't prone to such drastic price decreases (compared to difficulty increase) AFAIK. So they'd best be producing as many chips as they can sell or put to use within a reasonable timeframe without parking to much liquidity in chip orders.

OK. but the production costs of pretty much all technologies reduces over time as improvements in manufacturing technologies and competition increases. This is pretty standard in nearly all tech related industries.

I understand what your saying, but there should be at least a 5% drop in costs minimum over three months, and given production of this size, I would have thought it would be beneficial to fabricate allot closer to delivery times.

But at the same time, my experience comes from manufacturing technologies in general, this is my first foray into chip manufacturing. Are you certain? It just doesn't mix well with what I know about the manufacturing industry, especially in the digital space.

Thanks for your critique.

I'm not an expert in IC design or similar as well, but even if we saw a 50% decrease over 3 months, we'd still see a 500% increase in mining difficulty. Even if the production cost goes down significantly, it still can't 'outrun' the difficulty increase at all. I believe FC knows best and plans accordingly Smiley

I should have gotten into Bitcoin back in 1992...
minerpumpkin
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May 20, 2014, 01:44:05 PM
 #19327

How about another round of questions after the first upcoming dividend? Minerpumpkin, would you volunteer to collect and forward the questions again?

Yeah, why not! I also believe waiting for the dividends/financial statement first is a good choice. Keep them coming, preferably via PM so I don't need to dig through pages of calculations, trains, and Gandalfs.

Would be great if they just hired someone to do PR. they have more than enough revenue

Friedcat, just give me a call Cheesy

I should have gotten into Bitcoin back in 1992...
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May 20, 2014, 02:04:20 PM
 #19328

Would be great if they just hired someone to do PR. they have more than enough revenue

Hiring somebody for the PR means less dividends. Probably negligeable, but nevertheless it's important to remember that "they" is partly us.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
necro_nemesis
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May 20, 2014, 09:01:59 PM
 #19329

Would be great if they just hired someone to do PR. they have more than enough revenue

Hiring somebody for the PR means less dividends. Probably negligeable, but nevertheless it's important to remember that "they" is partly us.

There would be no "they" without investor support in the first place.
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May 20, 2014, 09:22:27 PM
 #19330

Does anybody know the schedule for converting sales to BTC? I think a few walls were eaten and I'm wondering if the price spike would be conversion.

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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bitcoin.newsfeed
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May 20, 2014, 09:28:27 PM
 #19331

Does anybody know the schedule for converting sales to BTC? I think a few walls were eaten and I'm wondering if the price spike would be conversion.

I was thinking about the same. Could be quite possible, clients obviously have chips in-hand and its one week before financial statement and divs. This 10% spike could be Friedcat's power combined with faked multiplied volume on China's exchanges.

... Question Everything, Believe Nothing ...
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May 20, 2014, 09:39:39 PM
 #19332

Does anybody know the schedule for converting sales to BTC? I think a few walls were eaten and I'm wondering if the price spike would be conversion.

I was thinking about the same. Could be quite possible, clients obviously have chips in-hand and its one week before financial statement and divs. This 10% spike could be Friedcat's power combined with faked multiplied volume on China's exchanges.

A lot of "maybe"... but that would be in time for good-old-times wednesday's juicy divs.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
cs54
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May 21, 2014, 01:30:38 AM
 #19333

Is there any actual indication that there will be divs tomorrow?  I thought that was more like next week, with financial statements.
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May 21, 2014, 01:45:03 AM
 #19334

AFAIK, dividends are still on for the 27th. I'm guessing binaryFate is just bad at calendars.
binaryFate
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May 21, 2014, 01:49:44 AM
 #19335

Sure, I'm just hoping out loud. Smiley
But who knows, if I remember well divs were said to come together with financial statement, or slightly before. Tomorrow is the last wednesday that is before the 27th.  Grin

This said, I don't think it's very likely we get anything before next Tuesday. I wouldn't be surprised by one or two weeks delay neither, after that.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
bitcoin.newsfeed
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May 21, 2014, 04:58:39 AM
 #19336

I wouldn't be surprised by one or two weeks delay neither, after that.

There is no logical reason for another delay. Clients have chips, they paid for chips, Friedcat has money.

... Question Everything, Believe Nothing ...
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May 21, 2014, 04:59:26 AM
 #19337

as long as the divs are aggressive when they arrive, then I'm ok to wait a few days.
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May 21, 2014, 05:03:20 AM
 #19338

I wouldn't be surprised by one or two weeks delay neither, after that.

There is no logical reason for another delay. Clients have chips, they paid for chips, Friedcat has money.

Well the question presently is when the dividend will be paid out and if we will keep a weekly schedule for dividends or if they will switch to a monthly or biweekly payout schedule. If I recall correctly think they were considering monthly not sure if that was how it will be though.
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May 21, 2014, 05:08:27 AM
 #19339

Well the question presently is when the dividend will be paid out and if we will keep a weekly schedule for dividends or if they will switch to a monthly or biweekly payout schedule. If I recall correctly think they were considering monthly not sure if that was how it will be though.

Those questions were answered a few pages back. I'm keeping http://friedcat.info updated with all the news, so you don't have to dig through pages and pages of posts to get to the good stuff. Here's a TL;DR:

1) Dividends are coming May 27th.
2) We are "most likely" switching to a monthly schedule.
freedomno1
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May 21, 2014, 05:45:30 AM
 #19340

Well the question presently is when the dividend will be paid out and if we will keep a weekly schedule for dividends or if they will switch to a monthly or biweekly payout schedule. If I recall correctly think they were considering monthly not sure if that was how it will be though.

Those questions were answered a few pages back. I'm keeping http://friedcat.info updated with all the news, so you don't have to dig through pages and pages of posts to get to the good stuff. Here's a TL;DR:

1) Dividends are coming May 27th.
2) We are "most likely" switching to a monthly schedule.

Thanks for reminding me was a bit lazy no real changes on this for the last month
Still on the asicminer watch so appropriate name ^_^
Going back to a really old note I wonder if AM has any names they can use to advertise with still have all the domain-names XD
Website someday ^_^
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