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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3894567 times)
lophie
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May 13, 2013, 12:09:34 PM
 #4781

MPOE-PR is here. Eating popcorn and try not to choke on my coke while laughing  Cheesy. I don't really care if all his predictions came to be even though I am a shareholder. I just hope it happens the other way around just to invoke more rant posts <3  Tongue

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May 13, 2013, 12:12:55 PM
Last edit: May 13, 2013, 12:41:32 PM by michaelGedi
 #4782

MPOE-PR is here. Eating popcorn and try not to choke on my coke while laughing  Cheesy. I don't really care if all his predictions came to be even though I am a shareholder. I just hope it happens the other way around just to invoke more rant posts <3  Tongue

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the bubble already burst mate... don't try claim credit for that

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May 13, 2013, 12:24:12 PM
 #4783

Quote from: SebastianJu

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder... Smiley

I agree. I advocate for rational management. By that, I mean management that acts in the best interests of shareholders. If the company can get a high return from reinvestment, do whatever is necessary to achieve that. If it can't, then return the capital to shareholders, and let the share price do what it wants. If people want to speculate on the short term price of the security, that's their business, but long term holders should be indifferent to the share-price day-to-day.
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May 13, 2013, 12:35:08 PM
Last edit: May 13, 2013, 12:55:00 PM by bitfair
 #4784

- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.

+1

Need to keep that competitive edge - this mono/oligo-poly situation will not last forever, and it would be smart to stay ahead of the curve...

I can recommend to anyone who is new to Bitcoin (like me), read *all* of friedcat's posts on this forum, from oldest to newest. He is in this for the long haul; and he knows that the game will change as new generations of hardware appear. If the trolls on this forum have noticed that AM have competition, he predicted what, who, when and why months ago, and is too capable not to have planned a response.

Agreed. And if that "planned response" requires retaining some of the revenue, then it would be most prudent to do so.

[I have joined in on the collective man-crush on friedcat - he can retain my earnings any time! Wink ]
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May 13, 2013, 12:56:48 PM
 #4785

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

The problem is: a decreasing  share price means decreasing dividends in the future.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Do you 'feel' that or did you some calculations on that? It's also 'efficient' for bitfury to produce 'asics in bigger quantities' so i guess  ASICMINER should start the development early to use prototype services for testing to reduce the risk of a nonworking first batch.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

Do you plan to sell your shares in the near future? Wink
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May 13, 2013, 01:04:59 PM
 #4786

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

The problem is: a decreasing  share price means decreasing dividends in the future.

oO The shareprice isnt connected to dividends. Why do you think its another way?


Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Do you 'feel' that or did you some calculations on that? It's also 'efficient' for bitfury to produce 'asics in bigger quantities' so i guess  ASICMINER should start the development early to use prototype services for testing to reduce the risk of a nonworking first batch.

I read other persons, that are more informed, opinion about that. Im sure friedcat and his team already thought about the possibilities and it looks that its not worth at the moment to develop a better asic.
Regarding bitfury... first they have to develop... that takes time... and then they can build. Its open how the hashrate of the net will be then and how much return this will yield.


Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

Do you plan to sell your shares in the near future? Wink

Nope... Wink at least i wont think about that until AM has nearly 50% hashpower of the network...

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May 13, 2013, 01:10:16 PM
 #4787

And don't forget the 14+ TH/s on BTCGuild Tongue

'Real-time' graphs website can be found here or clickable versions here.

Actually the BitFury people just announced something to the order of 400 Th as a first batch:

Quote
Translation: In general, there's almost no limits for sane chip production volumes. One wafer ~4412 chips (how many of them working is still unknown). Maximal production volume which is not hard to order (no extraordinary production planning) is <=2000 wafers per month. Factory will be glad! That's 22 PETAHASH per month. It would be cool to grow to these limits... So there will be no chip crisis. Well, some local crisis may exist, for example we might wait for 2-3 months. We cannot increase number of wafers in an already ordered batch. One of Metabank's goals is to give us a bulk order in June, so we can order right amount of wafers.

You see? They can produce practically any number of chips. So if tomorrow a huge investor or a group of them walk into his place and gives cash for 22 petahash/s... we might see them online in September-October.

That guy has also plunked down an unprecedented $15,000 on a delivery bet with a one month deadline, and yes this is significantly more on a dollar basis than the bet that made Josh Zerlan famous.

For those of you who can't do math (the majority, as we well know), ASICMINER's actually deployed hashing is under 5% of 400TH (more like 3% but hey), and under 0.1% of 22 PH. Which means that if nobody else joins the fray you will be looking at a grandiose under 0.1% of total hashing power by Christmas. Which means about 25 Bitcoin in total revenue per week, distributed over 400,000 shares = 0.000063 BTC per (minus, of course, expenses, which you will provide out of pocket).

The window is closing. Sorry to burst everyone's bubble.

So, you're saying that BitFury will deploy 400TH by themselves? And ruin whole bitcoin thus zeroing their investment? Or they'll sell some 200TH to third party? How long will that take?

I am saying you can't read, at this point. Try again.

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May 13, 2013, 01:16:25 PM
 #4788

Oh, please keep the Bitfury OT posts out of here.  Undecided

I'm invested in many mining shares, and AM is the best performing one so far. Getting the chips is just a small part of the equation for a large scale mining farm - imagine the job required to set them up and maintain them, not to mention the specialized infrastructure needed to house them effectively.  Friedcat could pump out a lot of hashes chip-wise, but is limited by the space and infrastructure. That's why he started to sell them for a profit of the shareholders and everyone involved.

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May 13, 2013, 01:22:51 PM
 #4789

Oh, please keep the Bitfury OT posts out of here.  Undecided

I'm invested in many mining shares, and AM is the best performing one so far. Getting the chips is just a small part of the equation for a large scale mining farm - imagine the job required to set them up and maintain them, not to mention the specialized infrastructure needed to house them effectively.  Friedcat could pump out a lot of hashes chip-wise, but is limited by the space and infrastructure. That's why he started to sell them for a profit of the shareholders and everyone involved.

+1
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May 13, 2013, 01:58:36 PM
 #4790

Oh, please keep the Bitfury OT posts out of here.  Undecided

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one.  Grin

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May 13, 2013, 02:21:45 PM
 #4791

Oh, please keep the Bitfury OT posts out of here.  Undecided

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one.  Grin

Hey I don't mind a dancing troll with a very pretty cooknut babe avatar

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May 13, 2013, 02:58:52 PM
 #4792

BFL is calculated at 400TH. Bitfury first batch is estimated at 200TH and half of this power is sold to 100TH mine: https://bitcointalk.org/index.php?topic=140366.0. If bitfury succeed, 100TH/month will be added with no hassle, IMHO. Friedcat must deploy 200TH quickly. Fascinating times are comming Wink

Didn't know of this... thanks for sharing. I can understand this is OT and all, but calling someone who's saying there's competition out there seems too much to me. It is good that every investor know there are alternatives coming, don't be greedy.


Yes of course it's helpful to know this, but I think MPOE-PR has a reputation of desperately wanting to say "I told you so" at some point in the future, and at every opportunity makes sure the bases are covered to enable that potential power trip somewhere along the line... the general negative attitude takes precedence over any valuable information you may glean from his posts. This is my assumption after reading about 5 of them and seeing the shiny yellow ignore button. That said, a healthy dose of cynicism never hurt anyone.

OnTopic

None of this should distract from the fact that ASICMINER are currently the best investment in terms of ROI at this point in time (correct me if I'm wrong please), and probably for some time ahead in the near future.

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May 13, 2013, 03:54:57 PM
 #4793

Excited for div day.

I wouldn't expect the entire gross estimate; better to have friedcat and co. to keep some to keep that hash power up and running. Anything from 0.02-0.025 would be good enough, use the rest to ensure those payouts stay high and consistent.

Thats the beauty in this business. Its already paid with very few bitcoins needed. Of course it can happen that something other has to be paid but there are no big piles of bitcoins needed. There would no way to invest it now because the 200TH are paid already too.

Im really looking forward to the div... when no investment goes away from it it will be the biggest div ever.

I believe it would not be wise to pay out such a huge divend at once. Even if i dont care about PT share value that much, we would have a lot of pump and dump activity on the exchanges which would add unwanted volatility. Volatility is not something large sharholders and friedcat himself would desire, because for them PT share value is useful as an indicator of company value.

IMO it would be desirable to keep dividends at a constant, slowly growing level. There are two options to go:
- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.
- Keep BTC in cash for future investments or to pay out later

I'm sure friedcat has figured everything out already. Anyway, I'd really like to read some shareholder opinions about that.

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder... Smiley

Yes, you are obviously a share holder from what I read in this forum  Grin I actually value your comments and effort around AM a lot.

However, correct me if I'm wrong, I'm pretty sure you are not an early investor in AM. Observing this company from when it all started, I cannot help to be slightly annoyed with what is going on on this forum. All the new guys here looking for quick profit, trading PT shares and discussing it over and over again. Let me tell you this: All of it does not matter for friedcat and his team. The only thing which might be interesting for them is to get some idea about the market valuation of their magnificent work. Most early investors should feel the same way. They want to see sustainable, constant growth and no price peaks because of silly PT trading.

I dont have enough data to tell if it makes sense to invest in next-gen chips now. Neither have you. Of course AM should and will max out the current technology, but that doesnt mean they should not invest into next-gen when massive funds are available. Liquidity might not always be as good as today, you know. And that's the reason why holding back dividends could also make sense.
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May 13, 2013, 04:01:51 PM
 #4794

Oh, please keep the Bitfury OT posts out of here.  Undecided

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one.  Grin

+1. seriously. MPOE-PR is a pretty pathetic troll as we have seen repeatedly on this forum. This meaningless assertion about 400 Th and 22 Ph running in someone's backyard is the most pathetic one I have seen so far. No one can run this without his own powerstation and immense space.
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May 13, 2013, 04:16:50 PM
 #4795

Excited for div day.

I wouldn't expect the entire gross estimate; better to have friedcat and co. to keep some to keep that hash power up and running. Anything from 0.02-0.025 would be good enough, use the rest to ensure those payouts stay high and consistent.

Thats the beauty in this business. Its already paid with very few bitcoins needed. Of course it can happen that something other has to be paid but there are no big piles of bitcoins needed. There would no way to invest it now because the 200TH are paid already too.

Im really looking forward to the div... when no investment goes away from it it will be the biggest div ever.

I believe it would not be wise to pay out such a huge divend at once. Even if i dont care about PT share value that much, we would have a lot of pump and dump activity on the exchanges which would add unwanted volatility. Volatility is not something large sharholders and friedcat himself would desire, because for them PT share value is useful as an indicator of company value.

IMO it would be desirable to keep dividends at a constant, slowly growing level. There are two options to go:
- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.
- Keep BTC in cash for future investments or to pay out later

I'm sure friedcat has figured everything out already. Anyway, I'd really like to read some shareholder opinions about that.

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder... Smiley

Yes, you are obviously a share holder from what I read in this forum  Grin I actually value your comments and effort around AM a lot.

However, correct me if I'm wrong, I'm pretty sure you are not an early investor in AM. Observing this company from when it all started, I cannot help to be slightly annoyed with what is going on on this forum. All the new guys here looking for quick profit, trading PT shares and discussing it over and over again. Let me tell you this: All of it does not matter for friedcat and his team. The only thing which might be interesting for them is to get some idea about the market valuation of their magnificent work. Most early investors should feel the same way. They want to see sustainable, constant growth and no price peaks because of silly PT trading.

I dont have enough data to tell if it makes sense to invest in next-gen chips now. Neither have you. Of course AM should and will max out the current technology, but that doesnt mean they should not invest into next-gen when massive funds are available. Liquidity might not always be as good as today, you know. And that's the reason why holding back dividends could also make sense.

thanks for this post.

Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind.

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May 13, 2013, 04:22:06 PM
 #4796

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled! Tongue
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May 13, 2013, 04:30:28 PM
 #4797

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled! Tongue

Holy shit , it's happening ^^

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May 13, 2013, 04:35:37 PM
 #4798

Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind.

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems". Smiley

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May 13, 2013, 04:54:12 PM
 #4799

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems". Smiley

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.


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May 13, 2013, 04:56:11 PM
 #4800

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled! Tongue

Great Scott! I hope it gets invested towards fourth - 1000TH - batch
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