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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897285 times)
Chris_Sabian
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July 04, 2014, 12:10:17 AM
 #21241

I see gargantuan potential here, maybe get IceDrill Will interested?

Sure, if you never want to see your payouts or hardware again.

Oh please.  Let's not start a discussion about them.  That was a bad time...
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July 04, 2014, 01:14:34 AM
 #21242

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

 Sure your way makes economic sense for the person mining but I think it would become an administrative nightmare for AM to figure out the energy costs for each miner.  If AM uses all 60 PH worth of chips - that's 4000 x 15TH franchises.


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July 04, 2014, 03:17:13 AM
 #21243

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

 Sure your way makes economic sense for the person mining but I think it would become an administrative nightmare for AM to figure out the energy costs for each miner.  If AM uses all 60 PH worth of chips - that's 4000 x 15TH franchises.




That is just a problem to solve that would be easier than solving the problem of no one wanting to run a franchise and pay for the power out of their share and no profit. They could pay a flat rate of btc converted at market price per Kwh and potential franchisees could decide if they want to participate or not at those power rates. People with lower power rates would profit slightly more than others.

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He1l_Q
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July 04, 2014, 07:08:47 AM
 #21244

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!


this their official site: http://www.edentech.org.cn/

Do you think a normal commercial company would use a domain (org.cn) like this?

Why don't they show us some videos rather than only ONE blurry and small photo?

Besides, I think you might agree that PRE-order is almost means a SCAM in this industry.

btw, I have some shares of AM. That's to say, if this company do exists and is using chips from AM, it will be a good news for us all.
The sales of this company said the device was desinged by AM, they just sell it.
He also said FC will approve it tomorrow, just waiting.

There is no update from FC.

Do you still think the seller is a honest guy?
webbrowser
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July 04, 2014, 08:27:30 AM
 #21245

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

Hell, no.

If the split happens after power is paid for, cryptx would be on this in an instant.

As long as all the hashpower gets sold or deployed, it is in AM's interests to restrict the franchise program to those with cheap electricity.


Now, the thing I don't understand is - if AM is able to ship real miners (not just chips) to franchisees, surely they should have fully deployed in their immersion cooling facility by now?
szmarco
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July 04, 2014, 09:11:04 AM
 #21246

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

Hell, no.

If the split happens after power is paid for, cryptx would be on this in an instant.

As long as all the hashpower gets sold or deployed, it is in AM's interests to restrict the franchise program to those with cheap electricity.


Now, the thing I don't understand is - if AM is able to ship real miners (not just chips) to franchisees, surely they should have fully deployed in their immersion cooling facility by now?


AM does not have enough and cheap electrical power to deploy all devices.
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July 04, 2014, 12:08:33 PM
 #21247

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

Hell, no.

If the split happens after power is paid for, cryptx would be on this in an instant.

As long as all the hashpower gets sold or deployed, it is in AM's interests to restrict the franchise program to those with cheap electricity.


Now, the thing I don't understand is - if AM is able to ship real miners (not just chips) to franchisees, surely they should have fully deployed in their immersion cooling facility by now?


AM does not have enough and cheap electrical power to deploy all devices.

That is clear - why else franchise? 

But my question was why not fill up their own immersion cooling facility in parallel?  It shouldn't take long, if DTM's prospectus is to be believed, so I expect that would happen faster than franchising.

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July 04, 2014, 12:17:14 PM
 #21248

Anyone looking to sell out direct shares send me a PM with your offers. Bitcoin and/or fiat option is fine with me too..
EternalWingsofGod
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July 05, 2014, 07:35:27 AM
 #21249

Isn't the 80/20 split done after the power is paid for? That way it is the profit you are splitting. It doesn't make sense otherwise.

Hell, no.

If the split happens after power is paid for, cryptx would be on this in an instant.

As long as all the hashpower gets sold or deployed, it is in AM's interests to restrict the franchise program to those with cheap electricity.


Now, the thing I don't understand is - if AM is able to ship real miners (not just chips) to franchisees, surely they should have fully deployed in their immersion cooling facility by now?


AM does not have enough and cheap electrical power to deploy all devices.

Think they are working on more options why containers exist and are being developed
The chips are for now I guess to save them hassles of doing both

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July 05, 2014, 12:09:48 PM
 #21250

The payout address https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF  of asicminer is annotated as "ASICMINER shareholder payout" in blockchain.info recently. What does that mean? And who can modify the annotation?
stompysteve
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July 05, 2014, 12:51:41 PM
 #21251

The payout address https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF  of asicminer is annotated as "ASICMINER shareholder payout" in blockchain.info recently. What does that mean? And who can modify the annotation?
I'm pretty sure you have to have the private key to annotate an addresses...
jdany
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July 05, 2014, 01:18:27 PM
 #21252

The payout address https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF  of asicminer is annotated as "ASICMINER shareholder payout" in blockchain.info recently. What does that mean? And who can modify the annotation?
I'm pretty sure you have to have the private key to annotate an addresses...

Dividends soon?

 Wink

Good idea.
aahzmundus
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July 05, 2014, 03:53:33 PM
 #21253

Id settle for a FC post answering questions and giving a general update myself.

shawshankinmate37927
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July 06, 2014, 03:13:41 AM
 #21254

Id settle for a FC post answering questions and giving a general update myself.

You can have the update.  I'll take a .25 BTC dividend per share.  Smiley

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
lophie
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July 06, 2014, 03:19:01 AM
 #21255

Id settle for a FC post answering questions and giving a general update myself.

You can have the update.  I'll take a .25 BTC dividend per share.  Smiley

If this happens I will literally cry of happiness. I also owe this community a picture of me dancing with with a tutu on. I intent to make this happen whenever possible... I did not forget....

Will take me a while to climb up again, But where is a will, there is a way...
bitdude
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July 06, 2014, 05:55:37 AM
 #21256

I see it's more fun than serious business here. But hey, why not  Cheesy
freedomno1
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July 06, 2014, 06:07:46 AM
 #21257

Id settle for a FC post answering questions and giving a general update myself.

You can have the update.  I'll take a .25 BTC dividend per share.  Smiley

If this happens I will literally cry of happiness. I also owe this community a picture of me dancing with with a tutu on. I intent to make this happen whenever possible... I did not forget....

I did lol... but I do remember I think I owe lophie a tip somewhere in this thread and forgot so he can call me out when he delivers said tutu XD
EternalWingsofGod
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July 06, 2014, 07:47:53 AM
 #21258

I see it's more fun than serious business here. But hey, why not  Cheesy

Probally because they are already hoooolldddinng for the longest time
What's a few more weeks
http://www.youtube.com/watch?v=XhGLLBCPwFo

TradeFortress 🏕
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July 06, 2014, 09:06:40 AM
 #21259

I'd settle with ASICMINER not selling the chips at close to cost..
jdany
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July 06, 2014, 12:25:01 PM
 #21260

I think we'll get a little better insight after this next Q&A that we're eagerly awaiting.

Months of 0 dividends.
Months of 0 information.

It's hard to justify buying or selling right now.
We just wait.

As a famous philosopher once said;  "Hodl."
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