ASICMINER: Entering the Future of ASIC Mining by Inventing It

[VeeMiner]

Any speculations as to what the price will be of the dividends?

About 3.4ish currently.

Don't think friedcat has 1.34M bitcoins laying around

My guess is around ~0.015 without HW sales.
Not record-breaking, but knowing what to come (announcement new Blades, new USB sticks, 200TH/s ready from fab I really don't care a lot )

Looking forward to the next weeks!

I'm with you on that one, good times are ahead!

[nubbins]

Disclaimer added will just put this here for now
http://imgur.com/0l7ha9G

Did you create that image? The ASICMINER logo would look great on a t-shirt...

[runeks]

Is this weeks mining dividend still right around what the last few have been even with the low hash rate over the last couple days?

Can someone tell me what the last 4-5 weeks dividends were for mining alone?

Thanks!!

http://runeks.dk/bitcoin/ 2nd graph

it doesnt seem up to date for this week since it is showing just over .012 but it should make it halfway up to the .016 line. THank you very much for the graph but do you also know how often it is updated?

Much appreciated.

Hi

I'm the author of that site.

1. This is just for solo mining (so the first weeks on this graph doesn't reflect everything mined, because they were still pool mining at the time). Now it reflects it accurately, because they are no longer pool mining.

2. It is up-to-date for this week. It is updated every time a new ASICMiner block is announced to the network.

[SilentSonicBoom]

Any speculations as to what the price will be of the dividends?

About 3.4ish currently.

Don't think friedcat has 1.34M bitcoins laying around

My guess is around ~0.015 without HW sales.
Not record-breaking, but knowing what to come (announcement new Blades, new USB sticks, almost 200TH/s ready from fab I really don't care a lot )

Looking forward to the next weeks!

0.015 sounds about right this week . Next weeks dividend should be interesting with hardware sales starting up again!

[stslimited]

is there a large auction happening? was wondering why the price was hovering

[ThickAsThieves]

is there a large auction happening? was wondering why the price was hovering

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

[finlof]

is there a large auction happening? was wondering why the price was hovering

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

+1

[nubbins]

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

2BTC in less than two months

I, for one, welcomed the BTC3.4 wall, as I was starting to get uncomfortable with the % of my portfolio invested in AM.

[Rival]

My only real concern about the rising price is that it becomes a barrier to accumulating more shares. I am only really in it for the dividend income. Higher prices for shares translates into lower yields for additional share purchases.

I guess that is the different viewpoint of a long-term investor.

[Franktank]

is there a large auction happening? was wondering why the price was hovering

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

As in, we shouldn't be watching the mining wallet and hash rate nonstop?!?!

This is making too much sense...

[canth]

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

2BTC in less than two months

I, for one, welcomed the BTC3.4 wall, as I was starting to get uncomfortable with the % of my portfolio invested in AM.

+1 to both of the above. If it keeps rising 1BTC every month for the next few months, then large shareholders will be practically forced to sell significant portions. They'd be crazy not to with a bubble like that, no matter what the future may hold for AM. Steady reasonable growth based upon mining results and hardware sales are what I'd like to see, personally.

[ianp]

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9

Please note: Voting has NOT closed! You can (and should) still vote!

[empoweoqwj]

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

2BTC in less than two months

I, for one, welcomed the BTC3.4 wall, as I was starting to get uncomfortable with the % of my portfolio invested in AM.

+1 to both of the above. If it keeps rising 1BTC every month for the next few months, then large shareholders will be practically forced to sell significant portions. They'd be crazy not to with a bubble like that, no matter what the future may hold for AM. Steady reasonable growth based upon mining results and hardware sales are what I'd like to see, personally.

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

[empoweoqwj]

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9

Please note: Voting has NOT closed! You can (and should) still vote!

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

[ThickAsThieves]

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9

Please note: Voting has NOT closed! You can (and should) still vote!

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

The question is one of goals and strategy, not one of guarantees.

[binaryFate]

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

The wording "current goal" does not suggest any guarantee, I don't know where you got that. What is important is the target they're aiming at.

[binaryFate]

@TAT (or one of the other guys taking care of the questions):

What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?

[nubbins]

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  

[canth]

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  

Heh, no - I don't think that they'll mind taking a huge profit, but I for one still want to have a few patient investors with a steady hand to anchor the price. Personally I'd prefer that to seeing it whipsaw back and forth with a bunch of investors that react to short term fluctuations in hash rates or hardware sales. The trader sure doesn't, but to each their own.

Also, most the long-time shareholders are probably only filthy rich if they've unloaded a huge portion of their shares, recently. Wealthy, no doubt - filthy rich? I don't think anyone has retired just yet. AM IPO investors - feel free to send pics of your yacht purchased with BTC if I'm wrong.

[finlof]

Any speculations as to what the price will be of the dividends?

currently the ASICMiner mining address has 6300+ BTC in it, which translates to almost 0.016/share - http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i