Bitcoin Forum
April 26, 2019, 09:12:20 AM *
News: Latest Bitcoin Core release: 0.17.1 [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 ... 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 [176] 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888487 times)
furuknap
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250

http://coin.furuknap.net/


View Profile WWW
April 20, 2013, 04:17:48 AM
 #3501

I am fairly certain that if you own 1% of apple, you can expect your iPad order to be filled fairly quickly yes.

I'm fairly certain that if you own 1% of Apple, you already have an iPad.

.b

1556269940
Hero Member
*
Offline Offline

Posts: 1556269940

View Profile Personal Message (Offline)

Ignore
1556269940
Reply with quote  #2

1556269940
Report to moderator
1556269940
Hero Member
*
Offline Offline

Posts: 1556269940

View Profile Personal Message (Offline)

Ignore
1556269940
Reply with quote  #2

1556269940
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TheSwede75
Full Member
***
Offline Offline

Activity: 224
Merit: 100



View Profile
April 20, 2013, 04:20:28 AM
 #3502

special discounts for shareholders would cut into the profit and thus shareholders dividend. So those shareholders not buying anything would be left with less dividend, paying for the discount of the shareholders using the discount. So no, I don't think it would be a wise thing to offer discounts to shareholders. Also, with 400k total shares basically all of bitcoinland could own one...

Of course I am not saying that ASICMINER should offer some kind of massive, margin eating discount. Also: It's not like any of the ASIC products are established products or even 'iPod plug and play'. We are talking about a product with a so far relatively small circle of people with the competence and interest in using it.

Of course, I want to see ASICMINER succeed, but I still like the idea of them 'testing out' their product using their share holders as a 'early adopter' base. I think it would be more then fair to assume that the people that frequent this forum, trade in BTC Stock and mine already are pretty much the best 'spokespeople' that ASICMINER could ask for when (hopefully) gearing up for mass production of BTC mining equipment.

I also don't see the 'harm' in 'rewarding' people who have already given them a vote of confidence by investing in them with a chance to try out a product before it hits 'market'.
arklan
Legendary
*
Offline Offline

Activity: 1680
Merit: 1002



View Profile
April 20, 2013, 05:58:14 AM
 #3503

now, here's a question for ya. 300 mhash usb miner, or 1 share of AM? obviously over time the miner would barely bring in anything, while the share would grow. but right now, the miner would bring in significantly more per week.

thoughts? (just a "hmm. i wonder..." not an actual decision i'm looking at.)
markm
Legendary
*
Offline Offline

Activity: 2254
Merit: 1005



View Profile WWW
April 20, 2013, 09:38:25 AM
 #3504

How do you get actual shares though? Some posts in last few pages seem to suggest that neither of the exchanges that have them have the real shares, just some kind of passthrough stuff?

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
maxmint
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500



View Profile
April 20, 2013, 09:43:20 AM
 #3505

How do you get actual shares though? Some posts in last few pages seem to suggest that neither of the exchanges that have them have the real shares, just some kind of passthrough stuff?

-MarkM-


1. You can buy PT shares and then convert them to real shares.
2. You can buy real shares at auctions held here at the forum.

My PGP-Key: 462D02D8
Verify my messages using keybase: https://keybase.io/maxmint
Mausini
Full Member
***
Offline Offline

Activity: 177
Merit: 100


View Profile
April 20, 2013, 10:18:07 AM
 #3506

special discounts for shareholders would cut into the profit and thus shareholders dividend. So those shareholders not buying anything would be left with less dividend, paying for the discount of the shareholders using the discount. So no, I don't think it would be a wise thing to offer discounts to shareholders. Also, with 400k total shares basically all of bitcoinland could own one...

Of course I am not saying that ASICMINER should offer some kind of massive, margin eating discount. Also: It's not like any of the ASIC products are established products or even 'iPod plug and play'. We are talking about a product with a so far relatively small circle of people with the competence and interest in using it.

Of course, I want to see ASICMINER succeed, but I still like the idea of them 'testing out' their product using their share holders as a 'early adopter' base. I think it would be more then fair to assume that the people that frequent this forum, trade in BTC Stock and mine already are pretty much the best 'spokespeople' that ASICMINER could ask for when (hopefully) gearing up for mass production of BTC mining equipment.

I also don't see the 'harm' in 'rewarding' people who have already given them a vote of confidence by investing in them with a chance to try out a product before it hits 'market'.

You give some interesting suggestions. All of that is nice to have. But think about it. How does it maximize profit for shareholders in any way? It's more like a wish list of what would be great without digging a little deeper. What i meant with my "dumbest comment" you have ever seen or so is the following:

What Friedcat and his team do is developing, (producing,) deploying, operating and selling mining hardware. The one big goal of doing that is to maximize profits for shareholders. However, to achieve maximum profits they have to take a lot of management decisions, for example the decison to start selling hardware now, the decision to sell hardware in auctions and not for a fixed price etc. etc. And believe me that is what they are really really good at and where the true value of this company comes from: the team. Now, in all the decisions they took, they maximized profits for their shareholders, be it the auctioning of hardware (maximizing profits) or the coming huge success (mark my words) of mining bee usb sticks. I just dont believe they will give their products to shareholders cheaper or earlier because it's kind of nice or whatever. And anyway that would not make sense.
romerun
Legendary
*
Offline Offline

Activity: 1078
Merit: 1001


Bitcoin is new, makes sense to hodl.


View Profile
April 20, 2013, 10:48:53 AM
 #3507

If the goal is to maximize profit, how about friedcat to offer them over ebay ? Avalon batch 2 preorder has just priced at $50,000 . I'm pretty sure if the usb thing is auctioned here, some will be reauctioned at the bay at 10 folds price tag. Rich people could buy them just because they are rare and so cute.

It also promotes bitcoin and the company outside the community.
Mausini
Full Member
***
Offline Offline

Activity: 177
Merit: 100


View Profile
April 20, 2013, 11:28:05 AM
 #3508

If the goal is to maximize profit, how about friedcat to offer them over ebay ? Avalon batch 2 preorder has just priced at $50,000 . I'm pretty sure if the usb thing is auctioned here, some will be reauctioned at the bay at 10 folds price tag. Rich people could buy them just because they are rare and so cute.

It also promotes bitcoin and the company outside the community.

I'm sure they will look into it. Beside the fact that the Avalon ebay auction you mentioned and ASICMINER's 10 blade auction yielded comparable returns, you would get USD and not BTC on ebay. There are also fees you have to pay. It may be not in the spirit of what we do here, on the other hand it could be an effective hedge against USD/BTC dropping.

I will continue to trust their judgement on those decisions, because they have proven their capabilities so often and in so many ways.
arklan
Legendary
*
Offline Offline

Activity: 1680
Merit: 1002



View Profile
April 20, 2013, 11:36:17 AM
 #3509

Get a share while they're still cheap.

if i had more then .75 i would...
237
Sr. Member
****
Offline Offline

Activity: 264
Merit: 250



View Profile
April 20, 2013, 11:41:20 AM
 #3510

If the goal is to maximize profit, how about friedcat to offer them over ebay ? Avalon batch 2 preorder has just priced at $50,000 . I'm pretty sure if the usb thing is auctioned here, some will be reauctioned at the bay at 10 folds price tag. Rich people could buy them just because they are rare and so cute.

It also promotes bitcoin and the company outside the community.

I'm sure they will look into it. Beside the fact that the Avalon ebay auction you mentioned and ASICMINER's 10 blade auction yielded comparable returns, you would get USD and not BTC on ebay. There are also fees you have to pay. It may be not in the spirit of what we do here, on the other hand it could be an effective hedge against USD/BTC dropping.

I will continue to trust their judgement on those decisions, because they have proven their capabilities so often and in so many ways.

I agree. Auctioning in USD is not the way of ASICMINER. They always made all transaction with shareholders in BTC and should do that with the auction of equipment to third parties as well.

Especially since USD has been totally unstable in value the last month with wild swings between 0.004 and 0.02 BTC/USD.

Donatioins always welcome Wink
BTC: 148nRwhghr9Abnpp9vShYxSPDbyMFQzjhr
LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t
Aajo
Member
**
Offline Offline

Activity: 94
Merit: 10


View Profile
April 20, 2013, 11:51:08 AM
 #3511

Is there no alternative to ebay where you can pay with btc yet? Something tells me ebay will never accept bitcoins.
Mausini
Full Member
***
Offline Offline

Activity: 177
Merit: 100


View Profile
April 20, 2013, 12:01:54 PM
 #3512

If auctioning mode continues to be THE way for ASICMINER to sell hardware, a proprietary platform may actually make sense this time.
DutchBrat
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
April 20, 2013, 12:05:34 PM
 #3513

If auctioning mode continues to be THE way for ASICMINER to sell hardware, a proprietary platform may actually make sense this time.

Friedcat stated the whole point of running auctions for a few weeks is to establish a pricing point for mass 'buyatthisprice' selling of blades.... So a proprietary auctionplatform might be overdone, especially since we are still waiting on their proprietary exchange.....
arklan
Legendary
*
Offline Offline

Activity: 1680
Merit: 1002



View Profile
April 20, 2013, 12:24:52 PM
 #3514

seemed the forum worked fine to my bystander eyes.
Mausini
Full Member
***
Offline Offline

Activity: 177
Merit: 100


View Profile
April 20, 2013, 12:36:22 PM
 #3515

I'm not so sure it wont last. Speaking of profit maximization it might be a good idea to always sell hardware in auctions. The market is quite dynamic, as we all know Grin I'm just saying IF auction continues to be the selling mode, a proprietary platform would probably be the way to go.

It would maximize profits while keeping things efficient and handable, hence it would provide added value to the whole operation. And you know, once there is some volume on the platform, who knows what else you could auction there in the future.

Regarding a proprietary trading platform for shares, I believe the market found its own way. Might be nice to have a platform, but it doesnt seem necessary at the moment.

To be honest I have a slight feeling ASICMINER is planning on integrating both platforms in one. Friedcat mentioned, their planned platform would be quite innovative in itself. The auctioning functionality for hardware could be this innovative aspect. And indeed it would be quite interesting to have shares and hardware sales wrapped up in the same place. Kind of a perfectly efficient market. Have you ever seen something like it in the real world? No? Welcome to the possibilities of bitcoin!

Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.
novusordo
Sr. Member
****
Offline Offline

Activity: 664
Merit: 250


Revolutionizing Crypto Payment Solutions


View Profile
April 20, 2013, 02:38:37 PM
 #3516

...

Especially since USD has been totally unstable in value the last month with wild swings between 0.004 and 0.02 BTC/USD.

I lol'ed. Today is going to be a good day.













▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀█████████▄
▄█████████▀    ████████▀
▄████████▀  ▄█  ██████▀  ▄▄
███████▀  ▄▀██  ████▀  ▄███
█████▀  ▄██  █  ██▀  ▄█████
███▀  ▄████  ██▄▀  ▄███████
▀▀  ▄██████  █▀  ▄████████▀
▄████████    ▄█████████▀
▀█████████▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀




 ▄▄ ▄▄▄▄▄   ▄▄     ▄▄  ▄▄ ▄▄▄▄▄     ▄▄▄▄▄▄   ▄▄     ▄▄
 ██▀▀▀▀▀██  ██     ██  ██▀▀▀▀▀██     ▀▀▀▀██  ██     ██
▐█▌    ▐█▌ ▐█▌    ▐█▌ ▐█▌    ▐█▌ ▄████████▌ ▐█▌    ▐█▌
██     ██  ██▄▄▄▄▄██  ██▄▄▄▄▄██  ██▄▄▄▄▄██  ██▄▄▄▄▄██
▀▀     ▀▀   ▀▀▀▀▀ ▀▀ ▐█▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀    ▀▀▀▀▀▐█▌
                     ██                       ▄▄▄▄██
                                             ▀▀▀▀▀▀




























███████▀ ██▄████▄ ▄██████▄ ███████▀
  ▐█▌   ▐█▌    ██ ██         ▐█▌
  ██    ███████▀ ▐█▌         ██
 ▐█▌   ▐█▌       ██         ▐█▌
 ██    ██        ▀██████▄   ██
▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀█████████▄
▄█████████▀    ████████▀
▄████████▀  ▄█  ██████▀  ▄▄
███████▀  ▄▀██  ████▀  ▄███
█████▀  ▄██  █  ██▀  ▄█████
███▀  ▄████  ██▄▀  ▄███████
▀▀  ▄██████  █▀  ▄████████▀
▄████████    ▄█████████▀
▀█████████▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀












ffernandex
Full Member
***
Offline Offline

Activity: 143
Merit: 100



View Profile
April 20, 2013, 02:52:33 PM
 #3517


Especially since USD has been totally unstable in value the last month with wild swings between 0.004 and 0.02 BTC/USD.

+1!

If you like my posts, feel free to donate!
BTC: 1L1S4wG5TNJZSX9VG3vkk2er76YHihz3Kg
ThePanCakeKid95
Sr. Member
****
Offline Offline

Activity: 418
Merit: 250



View Profile
April 20, 2013, 04:41:47 PM
 #3518

does anyone know if you can still buy shares privately?
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
April 20, 2013, 09:04:53 PM
 #3519

Hashrate on BTC guild down to 6,65 TH/s. Maybe prepare for deploying more? Is it possible on sunday morning in China?
SebastianJu
Legendary
*
Offline Offline

Activity: 2338
Merit: 1030


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
April 20, 2013, 10:23:08 PM
 #3520

does anyone know if you can still buy shares privately?

Please go back some pages. The question comes up regularly and is answered regularly. Maybe a sticky thread should be created to link to fast...

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
Pages: « 1 ... 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 [176] 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 ... 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!