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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914548 times)
TsuyokuNaritai
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June 30, 2013, 06:13:38 AM
 #8821

The complete ppt of rockxie's presentation is released.

http://wenku.baidu.com/view/ede0631876c66137ee06192f.html

Will someone translate this time?  and tipping?

Just looking at the pics & English text, a lot of it looks like it's specifically selling ASICMiner as an investment opportunity.

Should we expect new outside investors snapping up PTs by the boatload next week? Shocked

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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June 30, 2013, 06:15:50 AM
Last edit: June 30, 2013, 06:27:46 AM by freedomno1
 #8822

The complete ppt of rockxie's presentation is released.

http://wenku.baidu.com/view/ede0631876c66137ee06192f.html

Will someone translate this time?  and tipping?

Well this is interesting bump for translation they missed havelock
Pg 20 21 64-69 76-78 New Blade 86 Mini Blade
Pictures do say a 1000 words

Lophie try the Mall of Asia  Wink
Perhaps in Uniqlo but the art is in the improvisation
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June 30, 2013, 06:55:36 AM
 #8823

The complete ppt of rockxie's presentation is released.

http://wenku.baidu.com/view/ede0631876c66137ee06192f.html

Will someone translate this time?  and tipping?

Well this is interesting bump for translation they missed havelock
Pg 20 21 64-69 76-78 New Blade 86 Mini Blade
Pictures do say a 1000 words

Lophie try the Mall of Asia  Wink
Perhaps in Uniqlo but the art is in the improvisation
P85 Mini Blade
P86 A litter bigger than half size of new blade;5G;half price of new blade.
P87 First release will before 10th July,in China.

Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
Lohoris
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June 30, 2013, 08:32:43 AM
 #8824

Probably most of you don't agree, But this actually making me a bit sad I am a long term investor and crashes and low prices are a good thing so I could get more shares. This way I would have just to lurk and yawn.

I am a long term div guy  Cool
Me too.
I'm totally no interested in selling shares, I just want to buy, hold, and gather dividends...

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
empoweoqwj
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June 30, 2013, 12:08:28 PM
 #8825

Dudes, current ask at btct is .................. ฿ 4.4

WTF?

I checked two hours ago and it was still 30 shares away from breaking 4.

That's what you get when (a) fireycat answers lots of questions positively and (b) you get media coverage.

Who's going to be the first to say "this is high enough", and start selling lots?  Grin
BitAddict
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June 30, 2013, 12:12:26 PM
 #8826

Probably most of you don't agree, But this actually making me a bit sad I am a long term investor and crashes and low prices are a good thing so I could get more shares. This way I would have just to lurk and yawn.

I am a long term div guy  Cool
Me too.
I'm totally no interested in selling shares, I just want to buy, hold, and gather dividends...


Lophie, I was thinking the same when I sold @ 2.5btc... Still waiting  Cry

BTW, now I think this is completely insane. AsicMiner is aproaching to the 2 Million BTC market cap really fast  Shocked

We will see a bubble soon, IMO this is imposible to sustain. At this speed we would see the shares @ 10 btc in less than 1 month, lol

EDIT: I'm calling the bubble from 2.5btc. And I was completely wrong  Grin So, don't really listen to me
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June 30, 2013, 12:17:50 PM
 #8827

Probably most of you don't agree, But this actually making me a bit sad I am a long term investor and crashes and low prices are a good thing so I could get more shares. This way I would have just to lurk and yawn.

I am a long term div guy  Cool
Me too.
I'm totally no interested in selling shares, I just want to buy, hold, and gather dividends...

+1
canth
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June 30, 2013, 12:27:33 PM
 #8828

Probably most of you don't agree, But this actually making me a bit sad I am a long term investor and crashes and low prices are a good thing so I could get more shares. This way I would have just to lurk and yawn.

I am a long term div guy  Cool
Me too.
I'm totally no interested in selling shares, I just want to buy, hold, and gather dividends...


+1. Luckily with plenty of people that are in it for the long haul, that will limit some of the speculation since we're not willing to dump our shares at the slightest movement, either up or down.

There is certainly a number that I would sell out at, but we haven't reached it yet.

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June 30, 2013, 12:30:51 PM
 #8829

I guess a few people saw the presentation posted earlier and realized the potential Cool

Let's see if the share price can establish itself over 4.00

BTC: 19dB148YewttZRVwF7WF8ZuT7uqnnjibkC
LTC: LPBi1LPqs1MY1tQKQ4wGG6gjwrcszFek6s
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June 30, 2013, 12:34:22 PM
 #8830

Even with the price rising to where it has, I think there is tremendous upward potential.  Aside from making bitcoin coming and going - by both mining and selling mining hardware, ASICMINER is positioned to become an extremely important company in the bitcoin economy when mining becomes as much about fees as it does about generating new coins.  

At that point, mining companies will become major financial institutions, ensuring the integrity of the financial system.  The largest miners, of which ASICMINER is almost certain to be one, will be able to make additional fees through guaranteeing certain transactions get processed quickly - perhaps even developing hardware to consolidate many transactions from one business into only one block transaction.  As bitcoin goes mainstream, getting into point-of-sale transaction processing will be a venue for future growth that either ASICMINER or some other enterprising company will make billions of dollars off of.

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June 30, 2013, 12:42:39 PM
 #8831

I just did some statistics on the number of transactions included in ASICMiner blocks, compared to other miners' blocks:

Code:
ASICMiner stats:
Average transaction count per block: 198.0
Median transaction count: 132
Maximum number of transactions in a block: 1323
Other blocks stats:
Average transaction count per block: 302.3
Median transaction count: 262
Maximum number of transactions in a block: 1333

Can anyone explain this? It seems ASICMiner blocks, on average, only contain 65% of the number of transactions that other blocks contain.

Has ASICMiner commented on this?
nubbins
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June 30, 2013, 12:51:19 PM
 #8832

I just did some statistics on the number of transactions included in ASICMiner blocks, compared to other miners' blocks:

Code:
ASICMiner stats:
Average transaction count per block: 198.0
Median transaction count: 132
Maximum number of transactions in a block: 1323
Other blocks stats:
Average transaction count per block: 302.3
Median transaction count: 262
Maximum number of transactions in a block: 1333

Can anyone explain this? It seems ASICMiner blocks, on average, only contain 65% of the number of transactions that other blocks contain.

Has ASICMiner commented on this?

Given the talk a few weeks ago about transactions becoming more important as time goes on, I'm curious about this as well.

What time period do these stats cover?

No longer buying/selling Casascius coins. Beware scammers.
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June 30, 2013, 12:53:32 PM
 #8833

I just did some statistics on the number of transactions included in ASICMiner blocks, compared to other miners' blocks:

Code:
ASICMiner stats:
Average transaction count per block: 198.0
Median transaction count: 132
Maximum number of transactions in a block: 1323
Other blocks stats:
Average transaction count per block: 302.3
Median transaction count: 262
Maximum number of transactions in a block: 1333

Can anyone explain this? It seems ASICMiner blocks, on average, only contain 65% of the number of transactions that other blocks contain.

Has ASICMiner commented on this?

Given the talk a few weeks ago about transactions becoming more important as time goes on, I'm curious about this as well.

What time period do these stats cover?
They cover from the beginning ASICMiner started solo mining, which is from the following block and up to right now. https://blockchain.info/block-index/383941/000000000000010c9335c90f6e1f2d2a9af73ca078d660c98988234309b9dba3

So about the last six weeks.
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June 30, 2013, 12:53:56 PM
 #8834

I don't think we are in a bubble yet, but we are getting there if prices keep rising unabated

This is a post I made in the speculation thread in response to some who felt that a dividend of 0.03 on average was reasonable and based price on a constant flow of dividends of that amount. I thought it might be useful to put it here as well:

Don't know if anyone has done this before but based on current 3600 coins mined per day, and 400,000 total AM shares.

If AM controls 20% of the mining share: (0.2 x (3600 x 7))/400000 = 0.0126 dividend per share based on mining revenue

Likewise, for 30% = 0.0189

And 40% = 0.0252 (as I understand AM will not go above 40%)

I think AM can safely hold about 20% of the total hashrate at the very least, on average. So as far as mining goes, one can safely accept that about 0.013-0.018 dividend should be easily maintained

So expecting a total dividend of 0.03 in perpetuity will place a great burden on hardware sales. I am not sure that hardware sales can consistently generate 0.017-0.012 per share, allowing us to have a weekly dividend of 0.03 when added to the mining component.

I'm prepared to be surprised of course but IMO average dividends by AM should be about 0.02-0.025, when seen over the long term...this is my estimate: based on mining revenue accounting for two thirds of the dividend and hardware sales accounting for the remaining third.

Based on that, fair valuation (using approx 25-30% as minimum expected annual yield, and dividends between 0.02-0.025 on average, in perpetuity) will be between:

BTC3.46 (very conservative, 0.02 assumed dividend with 30% yield required)

and

BTC5.2 (very bullish, 0.03 assumed dividend with 25% yield required).


Taking the midpoint of the two puts neutral valuation at about BTC4.3/share. Thats pretty much where we are now and I hope that's where we stay.

I'm comfortable with current pricing levels but not anything higher than 4.5.

I'm not trying to be bearish but rather I think some caution is required for new buyers of this stock


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June 30, 2013, 12:54:35 PM
 #8835

damn shoulda brought more at 2.9 back then  Embarrassed

Soon people may be saying that they should have bought more at 4.0 today.

Looks like the future managed to arrive in less than 24 hours. A week in bitcoin time is a year in world time.
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June 30, 2013, 12:59:57 PM
 #8836

I don't think we are in a bubble yet, but we are getting there if prices keep rising unabated

This is a post I made in the speculation thread. I thought it might be useful to put it here as well:

Don't know if anyone has done this before but based on current 3600 coins mined per day, and 400,000 total AM shares.

If AM controls 20% of the mining share: (0.2 x (3600 x 7))/400000 = 0.0126 dividend per share based on mining revenue

Likewise, for 30% = 0.0189

And 40% = 0.0252 (as I understand AM will not go above 40%)

I think AM can safely hold about 20% of the total hashrate at the very least, on average. So as far as mining goes, one can safely accept that about 0.013-0.018 dividend should be easily maintained

So expecting a total dividend of 0.03 in perpetuity will place a great burden on hardware sales. I am not sure that hardware sales can consistently generate 0.017-0.012 per share, allowing us to have a weekly dividend of 0.03 when added to the mining component.

I'm prepared to be surprised of course but IMO average dividends by AM should be about 0.02-0.025, when seen over the long term...this is my estimate: based on mining revenue accounting for two thirds of the dividend and hardware sales accounting for the remaining third.

Based on that, fair valuation (using approx 25-30% as minimum expected annual yield, and dividends between 0.02-0.025 on average, in perpetuity) will be between:

BTC3.46 (very conservative, 0.02 assumed dividend with 30% yield required)

and

BTC5.2 (very bullish, 0.03 assumed dividend with 25% yield required).


Taking the midpoint of the two puts neutral valuation at about BTC4.3/share. Thats pretty much where we are now and I hope that's where we stay.

I'm comfortable with current pricing levels but not anything higher than 4.5.


I get a feeling that any people in the financial industry would laugh their ass off if they read this thread, saying that less than a 25% p.a. return on ones investment is unacceptable. I mean, the Bitcoin mining industry is risky, but is it that risky?
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June 30, 2013, 01:08:38 PM
 #8837

This isn't the speculation thread so I won't recopy it, but here was my response in the other thread:

https://bitcointalk.org/index.php?topic=235763.msg2618255#msg2618255

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June 30, 2013, 01:24:58 PM
 #8838

Ok new topic of conversation.  I was getting way to excited about share price increases so I went on a walk to think about my investments, how they are changing my life and what to do.  I kept thinking over all the new information that got "Leaked" (do we know if the information was authorized to be released yet?).

One thing that caught my attention...

Quote
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more easily to achieve.

I remember seeing that the seasteading institute has been present at many bitcoin events.

ASICMINER + Seasteading = Profit?

Just a thought... I have no evidence of anything, just a hope that one day my AM shares will buy me a spot on such a place.

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June 30, 2013, 01:26:25 PM
 #8839

I get a feeling that any people in the financial industry would laugh their ass off if they read this thread, saying that less than a 25% p.a. return on ones investment is unacceptable. I mean, the Bitcoin mining industry is risky, but is it that risky?

Conclusion of this view would be, that the shareprice has to be valued much higher. If a 15% p.a. return would be suggested fair, shareprice has to be 10 btc!
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June 30, 2013, 01:46:14 PM
 #8840

ASICM can probably get away with 15% yielding dividends (which is considered low for BTC investments) because they have a solid history, are absolutely huge in terms of market cap, and have provided stable dividends.

In other words, people are happy to opt for smaller dividend on a much lower risk company.
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