Bitcoin Forum
May 19, 2019, 02:00:21 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   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 ... 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] 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3889768 times)
gmouse
Newbie
*
Offline Offline

Activity: 51
Merit: 0



View Profile
May 02, 2013, 06:02:22 AM
 #4081

What AsicMiner need is a better public image, a website.

And a forum while at it, This bloated thread is not cutting it.

I have no idea where we are on that front but that should be a priority if you intent on selling products to end-users.

I agree with this sentiment, at least in the long-term.  The product, in six months' time, if it is to compete with BFL, will need to be more user-friendly, and sold to the masses, not just here in auctions.  A web presence seems like a logical first step.
1558274421
Hero Member
*
Offline Offline

Posts: 1558274421

View Profile Personal Message (Offline)

Ignore
1558274421
Reply with quote  #2

1558274421
Report to moderator
1558274421
Hero Member
*
Offline Offline

Posts: 1558274421

View Profile Personal Message (Offline)

Ignore
1558274421
Reply with quote  #2

1558274421
Report to moderator
Get signals when whales enter & exit a market 74% average win rate
full binance integration
TRY NOW!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Rodyland
Hero Member
*****
Offline Offline

Activity: 499
Merit: 500


View Profile
May 02, 2013, 06:02:43 AM
 #4082

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair.  Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

The other option would be silent auction.

Although from what John has been saying it seems like many people wouldn't understand either dutch or silent auction rules, given how many don't seem to get how a 'normal' auction works.


Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
May 02, 2013, 06:04:45 AM
 #4083

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.
Hip hip hooray!

Looking forward to the auction. Will likely receive a huge mark up, since due to its form factor it will serve as a promotional and educational tool.

It would be nice if someone would create a script package which allows a laptop to automatically start mining, the moment the stick is plugged in. Could run as a background service.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
redbeans2012
Hero Member
*****
Offline Offline

Activity: 888
Merit: 1000


View Profile
May 02, 2013, 06:06:07 AM
 #4084

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Any more specifics on this? When are you expecting them to be complete? What will be the starting price? Any other info is appreciated.
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2058
Merit: 1006


Poor impulse control.


View Profile WWW
May 02, 2013, 06:09:06 AM
 #4085

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair.  Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.


No need. Just start alternating auctions in timezones 12 hours apart. Start one at say 6pm Beijing time, and the next at 6pm New York time.



The other option would be silent auction.

Although from what John has been saying it seems like many people wouldn't understand either dutch or silent auction rules, given how many don't seem to get how a 'normal' auction works.


That's a depressing thought. Although one viewing of a dutch auction and you get the idea quickly. Especially when someone leaves with the last item and posts "so long, suckers!". Grumble.


Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
arklan
Legendary
*
Offline Offline

Activity: 1680
Merit: 1002



View Profile
May 02, 2013, 06:10:06 AM
 #4086

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

any further info of course is appreciated, but i understand if there isn't much to say.

but - since you've got units in hand - can we get some more pictures? top and bottom, at least? i'm primarily curious about their dimensions, since the original picture we've seen wouldn't allow for side by side placement with closely spaced usb ports.
furuknap
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250

http://coin.furuknap.net/


View Profile WWW
May 02, 2013, 06:10:54 AM
 #4087

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b

louong
Member
**
Offline Offline

Activity: 87
Merit: 10



View Profile
May 02, 2013, 06:11:15 AM
 #4088

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair.  Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

Could you not alleviate that by allowing people to put in bids below the current dutch auction price? i.e. say the price is 50BTC, someone can post that they want 4 @ 45. So they don't have to constantly monitor things, they can just take the risk that if the price falls to 45, they will get 4 for them to pickup (provided they are the first bids).

Bitcoin Tips Accepted: 17r5ebmU2JDqEuEfWkWzJ9TkShS1MqTJYH
organofcorti
Donator
Legendary
*
Offline Offline

Activity: 2058
Merit: 1006


Poor impulse control.


View Profile WWW
May 02, 2013, 06:13:20 AM
 #4089

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair.  Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

Could you not alleviate that by allowing people to put in bids below the current dutch auction price? i.e. say the price is 50BTC, someone can post that they want 4 @ 45. So they don't have to constantly monitor things, they can just take the risk that if the price falls to 45, they will get 4 for them to pickup (provided they are the first bids).

Even better -  as long as the bids are secret. Otherwise people will keep checking the thread to see if they've been outbid, before the auction even starts!

Bitcoin network and pool analysis 12QxPHEuxDrs7mCyGSx1iVSozTwtquDB3r
follow @oocBlog for new post notifications
pierrejo
Donator
Sr. Member
*
Offline Offline

Activity: 290
Merit: 250



View Profile
May 02, 2013, 06:21:01 AM
 #4090

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b
Why were you expecting over 0.012 per share?
Socket54
Full Member
***
Offline Offline

Activity: 148
Merit: 102



View Profile
May 02, 2013, 06:27:30 AM
 #4091

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Awesome sauce, thanks a ton for the update on those. Blew my allowance taking the now very happy lady to the steakhouse tonight but might can scrounge up a bit more funny monies fairly easy now without risking castration. Watching these neat lil gadgets.

On another note, if anyone else here is into neat gadgets and electronics check this must have:

http://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle?website_name=robotdragonfly

Very cool

Laugh Smile and Love
aahzmundus
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500


Invest & Earn: https://cloudthink.io


View Profile
May 02, 2013, 06:28:34 AM
 #4092

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

In what quantity may I ask?

VJain
Sr. Member
****
Offline Offline

Activity: 305
Merit: 250


View Profile WWW
May 02, 2013, 06:31:05 AM
 #4093

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Awesome sauce, thanks a ton for the update on those. Blew my allowance taking the now very happy lady to the steakhouse tonight but might can scrounge up a bit more funny monies fairly easy now without risking castration. Watching these neat lil gadgets.

On another note, if anyone else here is into neat gadgets and electronics check this must have:

http://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle?website_name=robotdragonfly

Very cool

Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
StevenPine
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
May 02, 2013, 06:38:21 AM
 #4094


Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

I like this idea -- having the first USB auction have a minimum purchase order (as in 10 units or something), this will make it easier to manage the auction, perhaps depress the price slightly but make shipping easier/cheaper.
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1260
Merit: 1089


Will read PM's. Have more time lately


View Profile
May 02, 2013, 06:40:39 AM
 #4095


Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

I like this idea -- having the first USB auction have a minimum purchase order (as in 10 units or something), this will make it easier to manage the auction, perhaps depress the price slightly but make shipping easier/cheaper.

This should be the plan AFAIK.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

furuknap
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250

http://coin.furuknap.net/


View Profile WWW
May 02, 2013, 06:55:08 AM
 #4096

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b
Why were you expecting over 0.012 per share?

I don't know, maybe I've just become greedy :-) The auction brought in something like 0.006 per share, and the hash rate is at least 50% more than it was a week ago.

I guess my question is whether we will need to continue holding auctions to pay for future growth and that the money doesn't come back to shareholders. Even at a 50% increased hash rate, with BFLs rolling out every orifice they have and Avalons coming in full force, I would like to see plans for a bit more than tomorrow, or even a week ahead.

I was under the impression that the future growth thing was already financed up to around 200 TH/s, which is why we could sell off blades and dividend virtually all of the proceeds. If we're still left paying for this now, that will cut deeply into dividends, and with other vendors becoming more available, the premium we can get from auctioning off blades or bees will drop too. A 300 MH/s bee in production is... well, not money in the bank.

Maybe some clarity in financial plans and requirements for the next couple of months and a comment from friedcat about how much power they plan to roll out for example until August 1 would help make better decisions? With current share prices and maybe around the same dividends, we're suddenly looking at 27% dividend rate. Granted, that's still sky high, but its still much lower than just a few weeks ago, and with increasing competition and unclear financual requirements.

Don't get me wrong, I was probably just caught up in the hype a bit, I'm still a strong believer :-)

.b

gog1
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
May 02, 2013, 06:59:11 AM
 #4097

The 2000 btc reserve is for more ic and usb miners.  Pretty good turnaround for usb miners from drawing board to production
redbeans2012
Hero Member
*****
Offline Offline

Activity: 888
Merit: 1000


View Profile
May 02, 2013, 07:02:07 AM
 #4098

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Awesome sauce, thanks a ton for the update on those. Blew my allowance taking the now very happy lady to the steakhouse tonight but might can scrounge up a bit more funny monies fairly easy now without risking castration. Watching these neat lil gadgets.

On another note, if anyone else here is into neat gadgets and electronics check this must have:

http://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle?website_name=robotdragonfly

Very cool

Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

Can't wait to see pictures of future bitcoin mining rigs when these are out en masse.  Hundreds of USB hubs connected to one another.  (if that would even work I dont know)
Luke-Jr
Legendary
*
Offline Offline

Activity: 2450
Merit: 1015



View Profile
May 02, 2013, 07:07:46 AM
 #4099

Can't wait to see pictures of future bitcoin mining rigs when these are out en masse.  Hundreds of USB hubs connected to one another.  (if that would even work I dont know)
No way, big time miners are going to be using the blades and bigger integrated stuff.
These USB things are for the small guy Wink

furuknap
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250

http://coin.furuknap.net/


View Profile WWW
May 02, 2013, 07:17:21 AM
 #4100

The 2000 btc reserve is for more ic and usb miners.  Pretty good turnaround for usb miners from drawing board to production

I know what it's _for_, friedcat already mentioned that.

The question is, will we need another ฿2000 next week? In a month? What are the investment requirements remaining to bring the 200 TH/s (not to mention the 50 TH/s) online?

What are the plans beyond tomorrow and a week ahead?

.b

Pages: « 1 ... 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] 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 ... 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!