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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916235 times)
dhenson
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June 23, 2013, 06:46:08 AM
 #8181

Hash rate appears to be dropping again (likely luck, could be a similar issue to last time). Don't forget to panic-sell, everyone!! Daddy needs a new pair of shoes.   Grin
cracked 4 out of the last 7.

Major slow down  Roll Eyes

What did you expect?

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notme
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June 23, 2013, 07:03:51 AM
 #8182

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.
Since when do businesses in China have to register with the SEC?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Strange Vlad
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June 23, 2013, 07:04:25 AM
 #8183

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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dhenson
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June 23, 2013, 07:05:17 AM
 #8184

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.


Go away troll, you posted almost the exact comment in the AMC thread.

This is a scAM. It is also ILLEGAL. Just add S. You have SCAM.

Where are you licenses? Where is your registration with SEC?

/yawn
freedomno1
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June 23, 2013, 07:21:19 AM
 #8185

Calling ASICMiner a scam is like calling like calling Kenny G a jazz musician in front of Miles Davis.


Just had to borrow that one Smiley
Can use it on BFL sometime if a shill appears

Believing in Bitcoins and it's ability to change the world
Vycid
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June 23, 2013, 07:38:16 AM
 #8186

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.
Since when do businesses in China have to register with the SEC?
He is offering investments to United States Citizens.

The exchanges offering those investments are all operating out of Belize, I think, which has no laws regulating virtual currencies (i.e.: it's not money, so they're not actually investments).

This is your post history:

https://bitcointalk.org/index.php?action=profile;u=94314;sa=showPosts

Is your sole reason for registering here to spread Bitcoin FUD? The "keywords" thing in your sig is laughable, by the way. Have fun, kiddo.

empoweoqwj
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June 23, 2013, 08:06:39 AM
 #8187

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

All companies that offer shares should seek wide and varied shareholding. That's the point of offering shares to the public. Raise capital and let the market decide on the worth of a company.

How does publicity benefit ASICMINER? It makes their company worth more!! Do you really think they don't care if their company is worth $100M or $200M or $300M? Of course they do. Would you if you owned 50K shares? Some / all of them will cash some or all their shares out at some time. Every good business person has an exit strategy.

I'm not advocating instability. Simply saying that allow as many people as possible to make an informed choice as to what the share price should be. Only then do you get a "fair" price.

If lots of you are still wanting to "buy in cheap", I understand you don't want any publicity at all. All that says to me is many people believe the shares are still potentially undervalued. I can't argue with that, just depends on how the next 6 months pans out.
empoweoqwj
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June 23, 2013, 08:07:35 AM
 #8188

No bitfunder is USA

THey offer securities to USA, they must follow USA laws.

Are you not a US Citizen?

No I'm not. And aren't these "virtual shares' anyway?
tinus42
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June 23, 2013, 08:15:34 AM
 #8189

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.
Vycid
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June 23, 2013, 08:21:56 AM
 #8190

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

Obvious troll was banned.  Smiley

empoweoqwj
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June 23, 2013, 08:53:28 AM
 #8191

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

Obvious troll was banned.  Smiley

That just leaves the non-obvious ones  Grin
SaintFlow
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June 23, 2013, 09:10:04 AM
 #8192

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.
Obvious troll is obvious.
Obvious troll was banned.  Smiley
That just leaves the non-obvious ones  Grin

So many ripples  Grin Grin Grin

don't let me make you question your assumptions
Strange Vlad
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June 23, 2013, 11:46:35 AM
 #8193

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

All companies that offer shares should seek wide and varied shareholding. That's the point of offering shares to the public. Raise capital and let the market decide on the worth of a company.

How does publicity benefit ASICMINER? It makes their company worth more!! Do you really think they don't care if their company is worth $100M or $200M or $300M? Of course they do. Would you if you owned 50K shares? Some / all of them will cash some or all their shares out at some time. Every good business person has an exit strategy.

I'm not advocating instability. Simply saying that allow as many people as possible to make an informed choice as to what the share price should be. Only then do you get a "fair" price.

If lots of you are still wanting to "buy in cheap", I understand you don't want any publicity at all. All that says to me is many people believe the shares are still potentially undervalued. I can't argue with that, just depends on how the next 6 months pans out.

Thanks, now I understand a bit better. I should probably educate myself more about finance, because being a total noob is not good for an investor Smiley

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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tkone
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June 23, 2013, 11:52:43 AM
 #8194

update: average hashrate 6h is over 60terahash!!!
price on btct is over 3.2?
hmm whats the world coming to these days!?

Aedius
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June 23, 2013, 02:08:46 PM
 #8195

Last six hours shows 37.5 TH for me and I haven't seen it over 40 Th.. Perhaps I'm just unlucky  Sad   Regardless, AM is over 20% of the network at the moment which is great. Hopefully they will be able to keep said percentage with the influx of hashing power that is coming.
tkone
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June 23, 2013, 03:00:55 PM
 #8196

Last six hours shows 37.5 TH for me and I haven't seen it over 40 Th.. Perhaps I'm just unlucky  Sad   Regardless, AM is over 20% of the network at the moment which is great. Hopefully they will be able to keep said percentage with the influx of hashing power that is coming.

this was earlier when i replied, i should of taken a pic, ive seen it high before but that was a first, next time ill picture it! you know the internets, "pic or it didnt happen"

it did tho maybe theres someway to check?

aahzmundus
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June 23, 2013, 03:01:54 PM
 #8197

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

I am really interested to see what price point the new batch of ASIC miners come in at... before when no one had yet shipped we could, and did take the best price we could and sold limited volume at high profit.  There was a huge market of people that simply couldn't bring themselves to buy hardware...

Now however it seems the game has changed slightly. I imagine with ASICMINERS lean operation, no website... no substantial advertising... ability to use their own hardware and not get bitched out... ASICMINER could cut margins thinner this run and go for undercutting the competition.  It appears that our competition can not produce units quickly, having not reserved fab time (or whatever such things are needed).  I wonder what strategy will be used, but whatever it is I trust in friedcat.

ShroomsKit
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June 23, 2013, 04:46:03 PM
 #8198

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

I am really interested to see what price point the new batch of ASIC miners come in at... before when no one had yet shipped we could, and did take the best price we could and sold limited volume at high profit.  There was a huge market of people that simply couldn't bring themselves to buy hardware...

Now however it seems the game has changed slightly. I imagine with ASICMINERS lean operation, no website... no substantial advertising... ability to use their own hardware and not get bitched out... ASICMINER could cut margins thinner this run and go for undercutting the competition.  It appears that our competition can not produce units quickly, having not reserved fab time (or whatever such things are needed).  I wonder what strategy will be used, but whatever it is I trust in friedcat.

Not as well as last week? Wasn't last week quite bad?

Its price is not a very relevant factor in its adoption....
velacreations
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June 23, 2013, 05:23:27 PM
 #8199

Not as well as last week? Wasn't last week quite bad?

no, actually, the mining revenue was consistent with previous weeks.  It was the total revenue that dropped 50%.

Strange Vlad
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June 23, 2013, 05:35:33 PM
 #8200

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

Last week it was going way above average until the hashrate dropped towards the last couple of days. I hope this week there will be no more of this "internal troubleshooting". And if the hashrate stays this high, the mining part of dividends should easily reach record-breaking 0.017. Cool

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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