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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914315 times)
gogxmagog
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August 02, 2014, 09:49:05 PM
Last edit: August 02, 2014, 11:17:16 PM by gogxmagog
 #21921

exclsuive: FC release 2013 expenditure reports of shareholder dividends




slide 2 revealed their Cold storage strategies on gox and bitfunder

I would like to see a concise description with the bottom photo. cold storage on gox and bitfunder? wtf does that mean? also....Labcoin?Huh? dafuq! Are you telling me AM has been stung by 3 of the worst scam/fails in BTC? Why are we hearing about this only now? Or, does Labcoin appear here only as an example of what NOT to do??? Explanation sorely needed, and fast! As soon as I hear any mention of Labcoin, Gox, or Bitfunder my blood literally boils.

EDIT- weibo will not let me set up an account... can someone provide copypastes of the content from there?
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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freedomno1
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Learning the troll avoidance button :)


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August 03, 2014, 12:49:06 AM
 #21922

BTW Friedcat looks almost like L from Death Note.

You have solved it! Perfect!

So where are his successors being trained...

I love that reference L Change the World  Cool
Kick Light out ^_^

@ Labcoin probably a what not to do example lol.
Ozziecoin
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August 03, 2014, 01:53:44 AM
 #21923


Even AM will regain the 15% hashrate percentage end of this year, the situation is totally changed campared to 2013. There are more electricity cost、management cost etc. So the net profit will be lower.

Also, in the long term, the industry profit of mining will only go lower and lower , in this point, mining profit maybe still larger than 60%, but in a free market where strong competition works  , even the industry profit 20% is still large.

So, maybe in 4 years , the industry profit will down to 10% .

That's how economic law works, even the Friedcat for president can't changed the law......
Or Btc goes up, negating electricity and admin costs. Long term, probable decline in profit but this is not an issue with access to cheap chip production. I.e. make lots of chips, squeeze out expensive producers.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
drasted
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August 03, 2014, 03:24:25 AM
 #21924

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026


Did this interview happen already, or does anyone know when it is meant to happen?
Swordsoffreedom
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August 03, 2014, 03:44:07 AM
 #21925

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026


Did this interview happen already, or does anyone know when it is meant to happen?

Believe what we are discussing was the interview
All in the thread not sure if the transcript is out though

.
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Satan666
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August 03, 2014, 12:43:39 PM
 #21926

Believe what we are discussing was the interview
All in the thread not sure if the transcript is out though

I thought it was the salon that was being discussed and the interview was perhaps to be conducted shortly after the salon.
arousedrhino
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August 03, 2014, 07:56:40 PM
 #21927

Believe what we are discussing was the interview
All in the thread not sure if the transcript is out though

I thought it was the salon that was being discussed and the interview was perhaps to be conducted shortly after the salon.

I'm pretty sure you are correct and Swordsoffreedom is confused. We have been discussing the Salon, that interview is supposed to happen but we don't know the date of it.
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August 03, 2014, 08:23:50 PM
 #21928

...We have been discussing the Salon, that interview is supposed to happen but we don't know the date of it.

Just the place for a Snark! I have said it twice: That alone should encourage the crew.
Just the place for a Snark! I have said it thrice: What I tell you three times is true!
arousedrhino
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August 03, 2014, 08:53:23 PM
 #21929

...We have been discussing the Salon, that interview is supposed to happen but we don't know the date of it.

Just the place for a Snark! I have said it twice: That alone should encourage the crew.
Just the place for a Snark! I have said it thrice: What I tell you three times is true!


What the fuck is your point and your problem?
NotLambchop
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August 03, 2014, 09:49:59 PM
 #21930

^One of my problems is idiots like you blaming me for their idiocy.  You don't understand what I said for the same reason you're such a failure as an investor--you're simply not bright enough.
You still haven't thanked me for warning you about Active Mining, where the fuck are your manners?
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August 03, 2014, 09:56:16 PM
 #21931

^One of my problems is idiots like you blaming me for their idiocy.  You don't understand what I said for the same reason you're such a failure as an investor--you're simply not bright enough.
You still haven't thanked me for warning you about Active Mining, where the fuck are your manners?

come on man, ASICMINER is no ACTIVE MINING, we get it that you are a hell of an investor rollin with Mpex, but calm down, let us invest our money in what we think might just worth it. no wonder people disrespect you here because of all that trollin & braggin about how superior you are. what's the point?
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August 03, 2014, 10:15:14 PM
 #21932

^One of my problems is idiots like you blaming me for their idiocy.  You don't understand what I said for the same reason you're such a failure as an investor--you're simply not bright enough.
You still haven't thanked me for warning you about Active Mining, where the fuck are your manners?


Hi Not Lamb Chop,

Are you that Marceau Popsicle guy?  The one riding a Camel in an ill fitting suit with an expression on his face like "who farted?".

Sorry to go a bit off topic, but I have been curious for a while - what happened to your alter ego MPeX-PR?  The one with the avatar of a hot looking robot like chick where I think I could see the beginnings of a nipple.  I miss you as that character.   When you posted as that character were you stroking your anus?  I always assumed you were.

Back on topic, Lesbian Cow is adding to her position in AM at these prices.  Can't see why Fried Cat would make such a public display if he was not in a position to deliver. 

To err is human, to moo is bovine

https://www.instagram.com/lesbiancow212/
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August 03, 2014, 10:37:24 PM
 #21933

^One of my problems is idiots like you blaming me for their idiocy.  You don't understand what I said for the same reason you're such a failure as an investor--you're simply not bright enough.
You still haven't thanked me for warning you about Active Mining, where the fuck are your manners?


This is not the Active Mining thread, I stated what we knew to be the case in relation to the Salon and the other separate interview. If I was factually incorrect then please correct me.

If you want to have a discussion about Active Mining send me a PM about it. When did I blame you for anything? ActM was a poor investment decision on my part, yes I lost money, but quite frankly that was always a risk and it wasn't more than I could afford to lose.   I have never blamed anyone besides myself for that loss. This is Bitcoin securities they are inherently risky assets.
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August 03, 2014, 10:42:24 PM
 #21934

I have never blamed anyone besides myself for that loss. This is Bitcoin securities they are inherently risky assets.

exactly, and some point i had to choose between gambling my bitcoins whether on just-dice or asic-miner.. i chose the latest and did not regret it so far. Grin
NotLambchop
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August 03, 2014, 10:46:46 PM
 #21935

@hdbuck:  If it helps you to imagine me as some Romanian d00d, I won't stop you.
@Lesbian Cow:  Queer cows, breeder cows--bull don't give a shit.  You're still gettin' fucked.
@Hornyrhino:  See if you can stick it in Lesbian Cow.  Watch out 4 da bull.

  ~Happy investing, animal farm!
 
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August 04, 2014, 06:01:33 AM
 #21936

Has any franchising partner received the hardware devices ?

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August 04, 2014, 11:32:10 AM
 #21937

Upcoming interview with Friedcat:
http://www.bitell.com/t/2026


Did this interview happen already, or does anyone know when it is meant to happen?

Believe what we are discussing was the interview
All in the thread not sure if the transcript is out though
any informaiton about the hash percent of AM in this year ?
when to reach this scale?
ensurance982
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August 04, 2014, 02:38:59 PM
 #21938

It's an incredibly bold statement to try and achieve up to 20% of the total network hashrate. If they really used the miners they're now selling, they'd need over 20000 of them. Are they going to use those machines or are they using other ones? I don't really know whether their immersion plans have become reality already... What do you think?

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August 04, 2014, 02:51:00 PM
 #21939

... What do you think?

I think this belongs in the speculation thread.
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August 04, 2014, 02:55:48 PM
 #21940

It's an incredibly bold statement to try and achieve up to 20% of the total network hashrate. If they really used the miners they're now selling, they'd need over 20000 of them. Are they going to use those machines or are they using other ones? I don't really know whether their immersion plans have become reality already... What do you think?

Ambitious but hardly impossible.  I think even Butterfly Labs could build 20,000 devices in 5 months (assuming you gave them some functioning chips).  Friedcat has most of the short order high tech manufacturing capacity that the world has to offer right in his neighboorhood.  He could contract with Foxconn and have those built in literally days if he had all the parts ready.  most of us in the rest of the world can't wrap our heads around how fast the Chinese can turn product.  It is really mind boggling if you look into it a little.
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