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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914552 times)
freedomno1
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Learning the troll avoidance button :)


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June 30, 2013, 06:18:49 PM
 #8861

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

Confirmation is imperative Smiley
Thanks
I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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1669840833
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TECHICENINE
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June 30, 2013, 06:24:12 PM
 #8862

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

Confirmation is imperative Smiley
Thanks

Confirmation of what..thanks
dadj
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June 30, 2013, 06:49:15 PM
 #8863

I put this together to encourage more bitcoin mining (and AM purchasing Cheesy) - http://www.youtube.com/watch?v=AnRDR8jEics&feature=youtu.be

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
YOLOdice.comFast 1% Edge DiceAwesome ChartsFaucetPlay / InvestJOIN NOW!
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bobboooiie
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June 30, 2013, 07:12:08 PM
 #8864

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!

When I first saw AM, it was about 1.3btc. Without much research (well, without any really  Cheesy )  I thought that looks too good to be true, and I bought some partial shares. It was rising fast, and I started reading up on it, and my first rough calc I decided potential was close to 10btc so I figured buy all I can before it gets too high. When it stalled around 2.5 I was stumped, but kept buying as funds permitted.  I think we've reached the point where my dividends will go back to hoarding and buying silver now though. when the dividends drop back to a more sustainable level I hope some more speculators will drop out, bringing it back to an affordable level. If dividends remain high... well, I can't really complain, can I?  
    What I am curious about is the relation to the btc:$ variable. If bitcoin is $1000, does that make AM market cap ridiculous, driving the price down? or does the dividend potential support a share price in the $4000-$10000 range? All very exciting to be a part of, no matter how it plays out!

AM is Bitcoin business, the rate between BTC/USD doesnt really affect price of share
Rannasha
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June 30, 2013, 07:16:43 PM
 #8865

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!

When I first saw AM, it was about 1.3btc. Without much research (well, without any really  Cheesy )  I thought that looks too good to be true, and I bought some partial shares. It was rising fast, and I started reading up on it, and my first rough calc I decided potential was close to 10btc so I figured buy all I can before it gets too high. When it stalled around 2.5 I was stumped, but kept buying as funds permitted.  I think we've reached the point where my dividends will go back to hoarding and buying silver now though. when the dividends drop back to a more sustainable level I hope some more speculators will drop out, bringing it back to an affordable level. If dividends remain high... well, I can't really complain, can I?  
    What I am curious about is the relation to the btc:$ variable. If bitcoin is $1000, does that make AM market cap ridiculous, driving the price down? or does the dividend potential support a share price in the $4000-$10000 range? All very exciting to be a part of, no matter how it plays out!

AM is Bitcoin business, the rate between BTC/USD doesnt really affect price of share

While AM sells its goods in BTC and mines BTC, it stands to reason that the majority of their costs are measured in fiat currency (USD or CNY). Therefore there is sensitivity to the BTC/fiat exchange rate.
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June 30, 2013, 07:18:40 PM
 #8866

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!

When I first saw AM, it was about 1.3btc. Without much research (well, without any really  Cheesy )  I thought that looks too good to be true, and I bought some partial shares. It was rising fast, and I started reading up on it, and my first rough calc I decided potential was close to 10btc so I figured buy all I can before it gets too high. When it stalled around 2.5 I was stumped, but kept buying as funds permitted.  I think we've reached the point where my dividends will go back to hoarding and buying silver now though. when the dividends drop back to a more sustainable level I hope some more speculators will drop out, bringing it back to an affordable level. If dividends remain high... well, I can't really complain, can I?  
    What I am curious about is the relation to the btc:$ variable. If bitcoin is $1000, does that make AM market cap ridiculous, driving the price down? or does the dividend potential support a share price in the $4000-$10000 range? All very exciting to be a part of, no matter how it plays out!

AM is Bitcoin business, the rate between BTC/USD doesnt really affect price of share

imo ASICMINER/\is not a business it's a "virtual security" per btct.co read and re-read\/FAQ...thanks
ThatDGuy
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June 30, 2013, 07:24:11 PM
 #8867

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!
velacreations
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June 30, 2013, 08:01:55 PM
 #8868

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!

go away for a week, and let's get it to 10 btc.

matt_boyd
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June 30, 2013, 08:10:55 PM
 #8869

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!

go away for a week, and let's get it to 10 btc.

I am in fact willing to do the needful and leave for one week and sell at 10 btc. Wink
ThatDGuy
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June 30, 2013, 08:15:48 PM
 #8870

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!

go away for a week, and let's get it to 10 btc.

Good call, see you all in 7 days!  Cool
matt_boyd
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June 30, 2013, 08:16:07 PM
 #8871

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!

go away for a week, and let's get it to 10 btc.
<3 puffery posts


====>


AM/\(radio)to 10+ BTC =nobrainer imho manipulated share price will\/soar then reboot..thanks


Question time:

Why do you keep doing this: \/ and this /\?
canth
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June 30, 2013, 08:19:04 PM
 #8872

Holy Share Prices! Go away for two days and this happens.  Wow! Cheers, fellow investors!

go away for a week, and let's get it to 10 btc.
<3 puffery posts


====>


AM/\(radio)to 10+ BTC =nobrainer imho manipulated share price will\/soar then reboot..thanks


Question time:

Why do you keep doing this: \/ and this /\?

Do yourself a favor and put him on ignore - most of us already have. He doesn't add any value to the conversation, even when he does make sense.

Strange Vlad
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June 30, 2013, 08:21:40 PM
 #8873

Question time:

Why do you keep doing this: \/ and this /\?
Question time:

Why do you keep resisting that bright "Ignore" under his username? 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.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
hammurabi
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June 30, 2013, 08:26:16 PM
 #8874

Question time:

Why do you keep doing this: \/ and this /\?
Question time:

Why do you keep resisting that bright "Ignore" under his username? Smiley

His avatar speaks for himself Smiley

BTC:    1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY
LTC:    LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
matt_boyd
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June 30, 2013, 08:31:43 PM
 #8875

Question time:

Why do you keep doing this: \/ and this /\?
Question time:

Why do you keep resisting that bright "Ignore" under his username? Smiley

His avatar speaks for himself Smiley


Haha, all right, that made me laugh, I am going to ignore him but +1 to everyone!
velacreations
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June 30, 2013, 08:35:37 PM
 #8876

even when he does make sense.

when does that happen?  seriously, can we ban the bot already, mods?

gramma
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June 30, 2013, 08:50:32 PM
 #8877


Haha, all right, that made me laugh, I am going to ignore him but +1 to everyone!


Seriously - I have exactly that one person on my Ignore list.  It's not about agreeing or disagreeing.  It's about the "wtF does he mean?" factor combined with the post velocity of a 13-year-old on summer break who has nothing to do.  I am a native speaker of English, and I could understand every word in his posts, but glean no meaning from them.

Even on Ignore, though, he clutters up threads by inflating the post count, and adding many unnecessary pages to an already lengthy discussion.  I also wish he'd just go away.

BTC: 1MrNRPo7p8DEyxn87c9BCGwrbatBQeCHc1
shawshankinmate37927
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June 30, 2013, 09:05:35 PM
 #8878


Haha, all right, that made me laugh, I am going to ignore him but +1 to everyone!


Seriously - I have exactly that one person on my Ignore list.  It's not about agreeing or disagreeing.  It's about the "wtF does he mean?" factor combined with the post velocity of a 13-year-old on summer break who has nothing to do.  I am a native speaker of English, and I could understand every word in his posts, but glean no meaning from them.

Even on Ignore, though, he clutters up threads by inflating the post count, and adding many unnecessary pages to an already lengthy discussion.  I also wish he'd just go away.

Eat some shrooms, smoke some weed, and take a few hits of LSD and I betcha everything he says will make perfect sense!  Cheesy

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
velacreations
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June 30, 2013, 09:13:19 PM
 #8879

Eat some shrooms, smoke some weed, and take a few hits of LSD and I betcha everything he says will make perfect sense!  Cheesy

nah, it doesn't.  I tried that.  It just gets blurry...

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June 30, 2013, 09:36:20 PM
 #8880

if BFL was traded on an exchange, their share price would be crashing right now:

http://www.cryptocoinsnews.com/2013/06/30/butterfly-labs-crumbles-getting-mass-refund-requests-units-catching-fire-and-fans-failing/

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