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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914548 times)
Kyune
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June 29, 2013, 04:36:08 AM
 #8701

Yes, but... 8,000, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.
Now, just for a moment, imagine that ASICMINER had a top-notch retail website.


BTC:  1K4VpdQXQhgmTmq68rbWhybvoRcyNHKyVP
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ninjarobot
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June 29, 2013, 04:38:32 AM
 #8702

how was asicminer.bit not already taken... I need to become a domain squatter!

Yes, I was surprised too Smiley

Have not mapped it to anything yet though & would love to hand it over to friedcat.



http://explorer.dot-bit.org/n/90125
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June 29, 2013, 04:41:26 AM
 #8703

how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
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June 29, 2013, 04:43:17 AM
 #8704

Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

Who knows, demand is demand. Just sit back and enjoy Smiley
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June 29, 2013, 04:47:51 AM
 #8705

how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
Until ICANN, Gets a take down notice and you face terrorism or money laundering charges.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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June 29, 2013, 04:50:27 AM
 #8706

how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
Until ICANN, Gets a take down notice and you face terrorism or money laundering charges.

Repeat: .bit has *nothing* to do with ICANN. Completely outside their system. Its just a browser plug-in "domain".
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June 29, 2013, 05:11:39 AM
 #8707

Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.
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June 29, 2013, 05:13:45 AM
 #8708

woot Smiley
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June 29, 2013, 05:39:58 AM
 #8709

Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.

How about "they don't make a profit in a way that appears more attractive than going to a casino"?  Wink

But, yes... it is my opinion. A lot of people apparently do not share it.

TsuyokuNaritai
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June 29, 2013, 06:14:48 AM
 #8710

I sold as well.
Took my profit and now will invest in AMC.

You are now doomed to experience lonely and miserable Wednesdays.


Haha right, we'll see.

Quoted for lulz.  Cheesy

http://www.reddit.com/r/Bitcoin/comments/1ha3c5/amc_shares_drop_from_25_mbtc_to_08_mbtc_in_less/
https://bitcointalk.org/index.php?topic=245713.0

One day you'll see, the only way is Friedcat!  Cool

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June 29, 2013, 07:51:28 AM
 #8711

Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.

How about "they don't make a profit in a way that appears more attractive than going to a casino"?  Wink

But, yes... it is my opinion. A lot of people apparently do not share it.

Why do people think mining wont be worth it... FEES PEOPLE!!!  If bitcoin gains serious adoption FEES will be the main way miners make money, not block reward.  Sure if you only calculate block reward, you may never earn back your full one BTC.  But if fees come into play...

Whatever happens, I got burned before turning off my miners twice, I thought I was pouring electricity down the drain.  Never again, my miners will stay on 24/7/365.25 for as long as I am able to manage them.  The only time I would get rid of miners, is if I was upgrading to better ones.

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June 29, 2013, 08:11:23 AM
 #8712

Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.

Now userbase of bitcoin is falling like knife.

What should happen to reverse this trend?
Lohoris
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June 29, 2013, 08:42:49 AM
 #8713

how was asicminer.bit not already taken...
because namecoin is a joke

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
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June 29, 2013, 09:05:12 AM
 #8714

how was asicminer.bit not already taken...
because namecoin is a joke


Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one
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June 29, 2013, 09:15:45 AM
 #8715

Saw this in the newbie thread can someone translate it
Looks like a Chinese Power Point on bitcoin mining with a camera recording
From a Fried Fish he-he must be chow for the friedcat
Fried Fish detected send the cat to inspect  Grin
https://bitcointalk.org/index.php?topic=246253.0;topicseen
This was interesting too
https://bitcointalk.org/index.php?topic=246246.msg2610386#msg2610386
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June 29, 2013, 09:20:26 AM
 #8716

how was asicminer.bit not already taken...
because namecoin is a joke
Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does. Sad

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.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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June 29, 2013, 09:31:08 AM
 #8717

how was asicminer.bit not already taken...
because namecoin is a joke
Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

Namecoin is brilliant idea, but it needs widespread adoption even more than Bitcoin does. Sad

I remember a while back slushes pool mined namecoins but forget what the major benefits are
On a sidenote thanks for mentioning it now I have another topic to watch
https://bitcointalk.org/index.php?topic=236340.0
Confirmed from
http://namecoin.info/
EDIT: I answered my own question hope this helps others
http://www.coindesk.com/what-are-namecoins-and-bit-domains/
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June 29, 2013, 09:35:03 AM
 #8718

how was asicminer.bit not already taken...
because namecoin is a joke


Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one

There have been many "alternate namespaces" launched in last 20 years, all relying on plug-ins or ISP co-operation. All have failed, because the "domains" don't propagate worldwide. They only work on specific devices at specific locations. That is not what you want with a domain name. You want it guaranteed to work all over the world on every device that connects to the Net. That is what ICANN does, along with IANA, IETF etc.

There are going to be hundreds (thousands actually) of new domains coming online in the next few years via ICANN.

If you want to launch a .bit site please do, just understand that most people in the world won't ever be able to access it.
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June 29, 2013, 09:42:40 AM
Last edit: June 29, 2013, 09:52:51 AM by freedomno1
 #8719

Well it seems China is moving according to the friedfish source
Shares it with the AM thread don't think this was mentioned yet
Key point:
1. ASICMINER plans to deploy 800T~1000T this year.
2. Specs for generation II chips will only be available after encapsulation. Earliest possible mass production would be in October.

Sidenote
https://bitcointalk.org/index.php?topic=246253.msg2610663#msg2610663
No, not this one. There is another meeting in Shanghai right now. It looks like RockXie released the slides.
https://bitcointalk.org/index.php?action=profile;u=60803;sa=showPosts;start=0
https://bitcointalk.org/index.php?topic=227814.msg2398212#msg2398212

Verification of accuracy requested
aahzmundus
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June 29, 2013, 09:48:23 AM
 #8720

Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.

Now userbase of bitcoin is falling like knife.

What should happen to reverse this trend?


Time.  Bitcoin is better money then current money.  Eventually more and more people will use it because it will save them money.  As time goes on also, volatility should go down, which would also bring people in.

The recent developments into the implementation of micropayment systems has in it the capacity to change internet content monitization in a positive direction forever (no need to run adds, people can pay .00001 bitcoin per article and your page views could earn you a direct living wage).  If you do not think there will be widespread adoption of bitcoin, why are you here?  If you do think there will be widespread adoption... you have to realize there will be an increase in paid fees.  More fees paid = happy miners.  I don't have the know how to set up my own massive mining operation, so I invest.

Exciting news from china!  We really need translators... I am sure if you post a translation (not google translate.. come on) and offer a donation address... you will get donations.  I for one will donate!

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