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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898818 times)
wasubii
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September 19, 2014, 12:41:46 PM
 #23221

^^reminds me of religion....
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feifa
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September 19, 2014, 12:42:25 PM
 #23222

Let's guess when the IPO price come?
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September 19, 2014, 12:44:13 PM
 #23223

109 shares @0.137. The walls are crumbling.
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September 19, 2014, 12:46:59 PM
 #23224

Let's guess when the IPO price come?

Sooooooooon - unless we hear from the prophet friedcat (peace be upon him...)
bitcoin.newsfeed
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September 19, 2014, 12:51:06 PM
 #23225

You could sell 300 shares right now and still not drive the price lower than ipo. Whatchoo talking 'bout?

You're wrong. You need under 200 shares to hip IPO price. So I guess... soon™

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September 19, 2014, 12:55:55 PM
 #23226

You could sell 300 shares right now and still not drive the price lower than ipo. Whatchoo talking 'bout?

You're wrong. You need under 200 shares to hip IPO price. So I guess... soon™

149 Shares were already sold since you made your original statement. You are wrong.

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stompysteve
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September 19, 2014, 12:56:16 PM
 #23227

Silence + btc price =   Cry
bitcoin.newsfeed
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September 19, 2014, 01:00:27 PM
 #23228

You could sell 300 shares right now and still not drive the price lower than ipo. Whatchoo talking 'bout?
You're wrong. You need under 200 shares to hip IPO price. So I guess... soon™
149 Shares were already sold since you made your original statement. You are wrong.

No shit.  Wink

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September 19, 2014, 01:06:19 PM
 #23229

FC came out and told that AM has begun self-mining when the shareprice down to 0.13 last time.
so let's waiting for it.  Grin
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September 19, 2014, 01:22:11 PM
 #23230

Silence + btc price =   Cry


Nothing changes in the Bitcoin world does it....  Undecided
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September 19, 2014, 01:42:10 PM
 #23231

I filled some numbers into mining calculator and it's true that current ASICminer TUBE with gen3 chips will become obsolete in just one month from now? Do we have like 60Ph of these ? ? ?

Oh, you filled in some numbers on a mining calculator did you? What number did you use for the price of the miners? Let me take a quick guess - the retail price? What number did you use for power costs? 0.15 $/kWh?

Now, can you tell me the problem with that scenario?
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September 19, 2014, 01:50:10 PM
 #23232

I filled some numbers into mining calculator and it's true that current ASICminer TUBE with gen3 chips will become obsolete in just one month from now? Do we have like 60Ph of these ? ? ?

Oh, you filled in some numbers on a mining calculator did you? What number did you use for the price of the miners? Let me take a quick guess - the retail price? What number did you use for power costs? 0.15 $/kWh?

Now, can you tell me the problem with that scenario?

Price of miners : 100$
Power costs : lower end what Friedcat said, so 0.12 $/kWh
delivery cost : 0$
setup cost : 0$
maintain cost : 10$/month
diff rise : 10%

and still you are unable to even break-even that 100bucks, retail price is four times more, any more questions?  Smiley

go ahead : https://bitcoinwisdom.com/bitcoin/calculator


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September 19, 2014, 02:08:03 PM
 #23233

@bitcoin.newsfeed Nothing against you, you used to be more enthusiastic, if you are not happy and bought at 1BTC your shares, it is your mistake, not FC's. Whatever, sell or not, pissed or not, you are just helpless. Wink
Mabsark
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September 19, 2014, 03:07:02 PM
 #23234

I filled some numbers into mining calculator and it's true that current ASICminer TUBE with gen3 chips will become obsolete in just one month from now? Do we have like 60Ph of these ? ? ?

Oh, you filled in some numbers on a mining calculator did you? What number did you use for the price of the miners? Let me take a quick guess - the retail price? What number did you use for power costs? 0.15 $/kWh?

Now, can you tell me the problem with that scenario?

Price of miners : 100$
Power costs : lower end what Friedcat said, so 0.12 $/kWh
delivery cost : 0$
setup cost : 0$
maintain cost : 10$/month
diff rise : 10%

and still you are unable to even break-even that 100bucks, retail price is four times more, any more questions?  Smiley

go ahead : https://bitcoinwisdom.com/bitcoin/calculator



Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

The point I was making was that you don't have the necessary information to make such concrete declarations and you never will. There are just too many variables to consider.

Also, FC didn't say that current power costs are 0.12 $/kWh.

16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?
Yes. But that should be when we replace the farm with BE200 based devices, otherwise it is no point considering the 0.12-0.15$/kwh electricity price we get for our old farms.

That's just the electricity price they were getting for their old farms. Says nothing about the new farms. Then we have this:

Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

Bonam
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September 19, 2014, 03:51:27 PM
 #23235

Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

Good luck with the 5% difficulty increase.
RoadStress
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September 19, 2014, 03:56:35 PM
 #23236

Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

Good luck with the 5% difficulty increase.

And with the $500 exchange rate.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
webbrowser
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September 19, 2014, 04:45:38 PM
 #23237

And with the $500 exchange rate.

If you forecast a permanently sliding exchange rate, what are you doing holding btc?
Mabsark
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September 19, 2014, 05:05:47 PM
Last edit: September 19, 2014, 05:17:19 PM by Mabsark
 #23238

Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

Good luck with the 5% difficulty increase.

Good luck with pretending that any fixed percentage difficulty increase is realistic. Also, with bitcoin prices so low, small difficulty increases are more likely than large ones.

Edit: The last 10 difficulty increases with oldest first are as follows:

18.10%
12.44%
14.51%
24.93%
3.08%
8.08%
5.30%
20.86%
15.03%
8.75%

The next difficulty increase is looking to be around 9.3% at the moment.
NotLambchop
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September 19, 2014, 05:10:43 PM
 #23239

Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

In other words, substitute reality with ridiculous fiction, and suddenly the math works.

In your defense, over the last couple of years, we did have a difficulty increasing of 5% or less.  ONE.  https://bitcoinwisdom.com/bitcoin/difficulty

jjdub7
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September 19, 2014, 05:48:23 PM
 #23240

Now go ahead and change the bitcoin price from sub $400 to $500 and the difficulty increase to 5%. Oh look, Tubes break after after 34 days. Cool!

Good luck with the 5% difficulty increase.

Good luck with pretending that any fixed percentage difficulty increase is realistic. Also, with bitcoin prices so low, small difficulty increases are more likely than large ones.

Edit: The last 10 difficulty increases with oldest first are as follows:

18.10%
12.44%
14.51%
24.93%
3.08%
8.08%
5.30%
20.86%
15.03%
8.75%

The next difficulty increase is looking to be around 9.3% at the moment.

Wisdom's projecting ~18% - is that according to BitcoinCharts?  In my experience, Wisdom's been a bit more accurate.  I think charts uses a simple moving average while Wisdom uses a first-order expansion or similar based on the 504-moving average


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