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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914552 times)
JordanL
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June 23, 2013, 06:19:06 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
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Eric Muyser
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June 23, 2013, 06:31:46 AM
 #8182

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

Yah and there's already 0.01 in the dividend from mining alone and still half a week to go.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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June 23, 2013, 06:44:42 AM
 #8183

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
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June 23, 2013, 06:46:08 AM
 #8184

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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June 23, 2013, 07:03:51 AM
 #8185

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.
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June 23, 2013, 07:04:25 AM
 #8186

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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June 23, 2013, 07:05:17 AM
 #8187

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
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June 23, 2013, 07:21:19 AM
 #8188

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
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June 23, 2013, 07:38:16 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.
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.

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June 23, 2013, 08:06:39 AM
 #8190

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.
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June 23, 2013, 08:07:35 AM
 #8191

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
 #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.
Vycid
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June 23, 2013, 08:21:56 AM
 #8193

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

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June 23, 2013, 08:53:28 AM
 #8194

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
 #8195

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
 #8196

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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June 23, 2013, 11:52:43 AM
 #8197

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

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June 23, 2013, 02:08:46 PM
 #8198

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
 #8199

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?

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June 23, 2013, 03:01:54 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.

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.

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