Bitcoin Forum
September 15, 2019, 11:17:05 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 [1019] 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898751 times)
hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
June 03, 2014, 11:51:05 AM
 #20361

Dude you gotta give some time to asic manufacturers.. Lets not make the same mistake like the previous year with bogus chips and preorders scams like bfl hahfat avalon knc etc etc.. Two months is nothing considerong the scaling potential
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568546225
Hero Member
*
Offline Offline

Posts: 1568546225

View Profile Personal Message (Offline)

Ignore
1568546225
Reply with quote  #2

1568546225
Report to moderator
madmax_ger
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
June 03, 2014, 11:52:01 AM
 #20362

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought 8ph total worth of AM chips right?

to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs.

meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay.

well done friedcat, genius business plan.

Well, it's common that old products are sold until there is no market anymore.
It seems like there is still a market for mining companies that do not deliver/fulfill (orders/promises).

I would not bet on FC anymore. Who knows what he's doing actually?

http://btcinvest.net/bitcoin-mining-profit-calculator.php - check it out!next difficulty + time leftcustomizable monthly (diff + USD/BTC) increasements device lead timeupdate: auto-compares device costs to BTC-buy profit ♥ 1btciBCKb59TbzNj5QzC2EXWDARxtJL1f
spartan82
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
June 03, 2014, 11:56:16 AM
 #20363

Sorry but to save me scrolling through all these pages, when are we expected to hear answers to the new lot of questions collected for FC?
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
June 03, 2014, 11:59:38 AM
 #20364

Quote
you get what you pay for, and it's being realised by big investors

You're talking about the people who just bought 8ph total worth of AM chips right?

to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs.

meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay.

well done friedcat, genius business plan.

I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month. Not a bad business plan if you ask me.
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 12:03:36 PM
 #20365



I've never seen so much misinformation in one post.


you clearly never read your own  Cheesy

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
Ozziecoin
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile WWW
June 03, 2014, 12:32:19 PM
 #20366


I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month.
Not a bad business plan if you ask me.
This makes sense to me. People selling now are panic merchants.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
willBTC
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
June 03, 2014, 01:08:53 PM
 #20367


I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month.
Not a bad business plan if you ask me.
This makes sense to me. People selling now are panic merchants.

But the price for June's batch is 0.35$ per G for sure.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
jimmothy
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500



View Profile
June 03, 2014, 01:17:40 PM
 #20368

But the price for June's batch is 0.35$ per G for sure.

Source?
hdbuck
Legendary
*
Offline Offline

Activity: 1274
Merit: 1000



View Profile
June 03, 2014, 01:20:47 PM
 #20369

But the price for June's batch is 0.35$ per G for sure.

Source?

At this point plz stop extrapolating prices. Its obvious We know nothing for keeping competitive advantages. Believe or leave.
willBTC
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
June 03, 2014, 01:33:38 PM
 #20370

But the price for June's batch is 0.35$ per G for sure.

Source?
http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Blazed
Casascius Addict
Legendary
*
Offline Offline

Activity: 2072
Merit: 1110



View Profile WWW
June 03, 2014, 01:36:59 PM
 #20371

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.
spartan82
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
June 03, 2014, 01:57:06 PM
 #20372

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.
rudi
Full Member
***
Offline Offline

Activity: 141
Merit: 100


View Profile
June 03, 2014, 02:15:32 PM
 #20373

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.
minerpumpkin
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


A pumpkin mines 27 hours a night


View Profile
June 03, 2014, 02:19:09 PM
 #20374

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

That's about the financial reports.

I should have gotten into Bitcoin back in 1992...
spartan82
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500



View Profile
June 03, 2014, 02:22:32 PM
 #20375

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

Yep that's what I read, and obviously I misread that as that relates to the financial reports and not the 20 questions.. My bad. Would have been nice to hear these answers directly from FC
atx.btc
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
June 03, 2014, 02:43:28 PM
 #20376

Speculation in regards to recent increase in btc price (30%?) and using hardware to mine...

This could be a huge boost in hardware sales, enabling us to sell as much hardware as possible in fiat (since we need that anyway to pay foundry, plus must price in fiat in china anyway) and then use extra chips to mine with. This will lower the cost of exchanging fiat --> btc & btc --> fiat since FC would only have to exchange the difference needed for bills/divs. Fiat could possibly pay power bills on mine, possibly leaving all mined btc for divs.

Also, in regards to:
What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

Yep that's what I read, and obviously I misread that as that relates to the financial reports and not the 20 questions.. My bad. Would have been nice to hear these answers directly from FC

I highly doubt FC cares too much about this thread at this point... between the cry babies throwing a fit about divs, the incredible about of FUD, and people outright slandering him is flat out disgusting. I can barely stand to be on this fucking thread with all of the idiocy flying around. Someone credible (Jutarul, minerpumpkin, etc...) should start a moderated thread where anything off-topic or non-serious is deleted. I'm not against hearing negative news, but I am against Spondoolies fanboys cluttering up this thread arguing with AM fanboys over who is better.
RoadStress
Legendary
*
Offline Offline

Activity: 1862
Merit: 1002


View Profile
June 03, 2014, 02:55:23 PM
 #20377

I was just trying to find out why would FC settle for ~0.2$/Gh profit when I think that he could get more. If hashratio has the same 0.2$/Gh profit then doesn't that mean that by producing his own miners FC could get at least 0.4$/Gh as profit?

It is $0.3/gh profit.

And a few reasons why they wouldn't want to sell complete miners would be because it would require tons of extra funds/manpower, and it also creates a situation where AM is directly competing with it's partners.

It's much easier to just ship out chips and let the asic builders tear eachother apart.

Also there is no way AM would have been able to produce anywhere near 8ph worth of complete miners in a month.

I haven't read the reports, but I some people suggested that production cost is 0.2$/GH and they sold for 0.4$/GH. Only one version is the correct one. Which one is it?

Why not build miners the same as his distributors and sell them for the same price? They have the capacity since they did it in the past. Why have miners on the market in July from them when you could have direct miners from AM in June? Not maximizing profits again.

Well, it's common that old products are sold until there is no market anymore.
It seems like there is still a market for mining companies that do not deliver/fulfill (orders/promises).
I would not bet on FC anymore. Who knows what he's doing actually?

Are there any people who actually know what's going on in the company? (besides FC ofc)

I've never seen so much misinformation in one post.
Who exactly will be using these chips other than miners?
Our "dividends" were turned in to wafers worth 2.5 times their cost.
The earnings were not spent on development.
The profit margin might be reducing but it won't be below $0.3/gh.
AM just doubled assets per share in one month. Not a bad business plan if you ask me.

Well there is misinformation in your post too don't worry. For miners who won't sell. What is the invested wafers won't sell? Back to 0 dividends again.
Proof of at least 0.3$/gh profit margin?
Doubled assets per share means nothing from nothing if you will "reinvest" next month too into wafers worth 10 times their cost.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
June 03, 2014, 02:57:10 PM
 #20378



Why not build miners the same as his distributors and sell them for the same price?

this was my initial point, but people seem clouded by other matters so much, clearly it was over the heads of most.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
bigbeninlondon
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
June 03, 2014, 03:00:52 PM
 #20379

Is there a place where I can get official updates and things of that nature without having to wade through a bunch of disparate arguments, libel and general douchebagery?
Anotheranonlol
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
June 03, 2014, 03:01:19 PM
 #20380

But the price for June's batch is 0.35$ per G for sure.

Source?

At this point plz stop extrapolating prices. Its obvious We know nothing for keeping competitive advantages. Believe or leave.

Someone posts some info, already mentioned earlier, someone else comes along with the obligatory: "source? source?"
source is pointed out once again, and then quickly dismissed saying "stop speculating prices, beleive or leave"

Is this the hallmark of rational investors?

it's ludicrous. It's already known to those that know that this is true, in fact it may disappoint some to realise it can be found even lower. So there is a problem which hasn't been addressed.

But seems it's just not real to the investors here that don't venture beyond confines of asicminer thread and  the only replies you can have there is "+1 Jutaral" and pictures of golden tickets.


Pages: « 1 ... 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 [1019] 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!