ASICMINER: Entering the Future of ASIC Mining by Inventing It

[matt4054]

Burnside and Ukyo must be loving all the action, they're getting 0.2% and 1% of all transactions respectively...

I get the MTGOX vs BTC-E BTC/USD discount.  But I really don't get major discrepency between the BTCT vs BF passthrough - however, that does allows one to profit handsomely, even double dip on the dividend on occasions.

But how do you transfer from BF to BTCT? Besides private exchanges of course

The only way I see is transfering the PT shares out of BTCT, then from friedcat direct shares to BF? But is it possible the other way round?

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[romerun]

can somebody tell me how can I transfer my direct shares into BTCT to sell at that funny price

[mithrandi]

Burnside and Ukyo must be loving all the action, they're getting 0.2% and 1% of all transactions respectively...

I get the MTGOX vs BTC-E BTC/USD discount.  But I really don't get major discrepency between the BTCT vs BF passthrough - however, that does allows one to profit handsomely, even double dip on the dividend on occasions.

But how do you transfer from BF to BTCT? Besides private exchanges of course

The only way I see is transfering the PT shares out of BTCT, then from friedcat direct shares to BF? But is it possible the other way round?

Both passthroughs allow transfers in and out. However, the delay in this process means anyone trying to do arbitrage has a hard time, meaning the prices can drift quite far apart in the short-term before any kind of correction happens. If you keep a big enough bank of shares / funds in each exchange large enough to buffer you against the delay in transfers, you can still do it, but at these trade volumes it's a tricky proposition.

Something else to bear in mind is the volumes being traded and the size of the order book; the fact that 2 shares were traded at 3 BTC (say) does not necessarily mean that you'll be able to sell all 1000 of your shares at anywhere near 3 BTC, or that you could buy 1000 shares at 3 BTC.

[bitcoinmarksix]

can somebody tell me how can I transfer my direct shares into BTCT to sell at that funny price

Just PM friedcat , He will deal with it.

[Dargumin]

And now I feel good about buying 124 TAT at BTC0.0206 within hours of them hitting BTC0.02 for the first time!

[matt4054]

Traded above 2.7 for a short time then BTCT DDoSed. Yay

[matt4054]

i hope you are happy at the 2.7 not the ddos

Yes I'm not happy for the DDoS of course... I'm just wondering how high it will go until speculation cools down a bit.

EDIT: and I don't like market manipulation of course (thinking of a DDoS coming along a 100+ shares bid at 2.5 on BTCT that went canceled just between two waves)

EDIT2: not canceled, but executed (my bad).

[AMuppInTime]

Someone explain the sudden jump to 2.7 we saw from 2.25: Did somebody just scoop up 200+ shares at a big markup or what?
Please let it be insider info

[freedomno1]

Well looks like that madness calmed down before round 2 begins or not either way looks like the new calm is 10-15% higher at 2.2 /2.3 from 2.0

[🏰 TradeFortress 🏰]

Holy shit @ ASICMINER.

yay

[msm595]

Here's what a test script of mine is outputting, which seems pretty reasonable given that ASICMiner's hashrate went from 20 to 14 TH/s on collective pools.

Code:

Total ASICMiner blocks in past 144: 12
Rough Network Percentage: 8.333333
Rough TH/s (hash/block * blocks): 6.673561
Rough TH/s (network hash * percent network): 6.349055

[stripykitteh]

Here's what a test script of mine is outputting, which seems pretty reasonable given that ASICMiner's hashrate went from 20 to 14 TH/s on collective pools.

Code:

Total ASICMiner blocks in past 144: 12
Rough Network Percentage: 8.333333
Rough TH/s (hash/block * blocks): 6.673561
Rough TH/s (network hash * percent network): 6.349055

Nice work.

[amonymous]

So, just made it through the 270+ pages of this thread.

I bought ASIC around page 110 at 1.6 from Havelock. Current trade price 2.88.

Things I've learned:

1. Friedcat is smart. The board is just as sharp. This is important to note. It is tough to lose faith in a company when management is doing a good job.

2. Share prices have been steadily rising. This is a point of concern, as there are no companies I know of which have maintained a rise without drops. On a long enough timeline I submit that ASIC will continue to rise, but there may be bumps along the way. These bumps would be a good time to buy.

3. ASIC is the market leader, and this solo mining is an exciting venture, and is in line with the company's statement to invest and move into areas to maximize profitability, even outside just ASIC Mining.

4. The people in this thread are good at making charts.

M

[freedomno1]

So, just made it through the 270+ pages of this thread.

I bought ASIC around page 110 at 1.6 from Havelock. Current trade price 2.88.

Things I've learned:

1. Friedcat is smart. The board is just as sharp. This is important to note. It is tough to lose faith in a company when management is doing a good job.

2. Share prices have been steadily rising. This is a point of concern, as there are no companies I know of which have maintained a rise without drops. On a long enough timeline I submit that ASIC will continue to rise, but there may be bumps along the way. These bumps would be a good time to buy.

3. ASIC is the market leader, and this solo mining is an exciting venture, and is in line with the company's statement to invest and move into areas to maximize profitability, even outside just ASIC Mining.

4. The people in this thread are good at making charts.

M

Good job that's a lot of reading as they say knowledge is power

[bobboooiie]

can somebody tell me how can I transfer my direct shares into BTCT to sell at that funny price

Just PM friedcat , He will deal with it.

Really? this is kinda insane if true, he is already dealing with so much and people must be bombarding him with PMs and emails etc how can he possibly handle all this and not have someone to take care of that part of a busines

[Maciek]

can somebody tell me how can I transfer my direct shares into BTCT to sell at that funny price

Just PM friedcat , He will deal with it.

Really? this is kinda insane if true, he is already dealing with so much and people must be bombarding him with PMs and emails etc how can he possibly handle all this and not have someone to take care of that part of a busines

You need to PM PT operator (burnside, deadterra) not the Friedcat.

[msm595]

Code:

Total ASICMiner blocks in past 144: 15
Rough Network Percentage: 10.416667
Rough TH/s (hash/block * blocks / time): 7.988568
Rough TH/s (network hash * percent network): 7.472884

[runeks]

I've put up a site with my estimation of the solo hash rate. It's currently hovering around 10 Thash/s: http://runeks.dk/bitcoin/

The uncertainty is still quite large, as we've only seen about 19 hours of solo mining. So as you can see it jumps a lot in the beginning, but it's starting to smooth out. The more time that passes, the more reliable the figure will be.

[bitman442]

I've put up a site with my estimation of the solo hash rate. It's currently hovering around 10 Thash/s: http://runeks.dk/bitcoin/

The uncertainty is still quite large, as we've only seen about 19 hours of solo mining. So as you can see it jumps a lot in the beginning, but it's starting to smooth out. The more time that passes, the more reliable the figure will be.

I love charts, thank you. I can't wait until somebody can put all of these different graphs and the current share value on one page so I can stop checking 3 different pages over and over.

[amonymous]

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How long do I have to use your pool to get to Princess Peach?