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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914548 times)
arklan
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July 01, 2013, 12:45:18 PM
 #8941

10 BTC would put ASICMiner yield at more relatable levels. the market cap on the other hand might not make sense

for their hardware sales, they will need to get their die process to smaller nanometers

And what makes u think if others can do 65nm or 28nm then AM can't? I believe they can, and they will when the time is right. But their genius lies in knowing that this market is 100% about what you can deliver now, not promise to deliver some point in the future.

Actions speak louder than words. With bitcoin mining, words are almost irrelevant. Which is why we are all happy friedcat says so few  Grin

we alreayd know that AM is working on second generation chips. safe to assume they're a smaller NM.

i don't post much, but this space for rent.
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aahzmundus
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July 01, 2013, 01:44:20 PM
 #8942

this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

arklan
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July 01, 2013, 01:46:39 PM
 #8943

this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.

i don't post much, but this space for rent.
aahzmundus
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July 01, 2013, 01:52:28 PM
 #8944

this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.

I don't mean to be harsh... but with people saying 10btc per share, I don't want to see you come back in a week and YET AGAIN be kicking yourself when maybe a little push gets you to buy in.

Lets just hope that when you do buy in, you don't end up regretting that.

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!

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July 01, 2013, 02:00:40 PM
 #8945

this just leaves me cursing, yet again, that i HAD 5 shares, which i sold before the whole GLBSE thing collapsed... now i just have 1, and not remotely enough btc to buy more.

ARKLAN!!!  I swear... >50% of your posts are complaining about how few BTC/AM shares you hold.  JUST CHANGE that fact.  How many USB miners are you mining with?  With how many I think you still having mining away for you you should have gotten enough btc to buy a share... at least one.  Hell, if you cant buy a full share just buy a TAT share!  If you cant afford a single tat share... just drink a water instead of a coffie/soda next time you get a drink.  BAM enough money to buy 1 TAT share.

tl;dr Arklan, STOP complaining about how little you hold, and DO SOMETHING about it.

fair point. i can afford tat shares... and yea, i'm mining a fair amount - but been using it for other things. so, my own fault of course.

I don't mean to be harsh... but with people saying 10btc per share, I don't want to see you come back in a week and YET AGAIN be kicking yourself when maybe a little push gets you to buy in.

Lets just hope that when you do buy in, you don't end up regretting that.

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!

Just curious - if you expect a HUGE price spike the next time friedcat posts, why not buy now? You might be asleep when he posts .....

Personally I think people have already bought on the friedcat news over the weekend, what will push prices higher over the next month will be higher dividends, more hardward launched, increased hash rate %, and an influx of "bubble boys"
Mnw
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July 01, 2013, 02:01:48 PM
 #8946

Any news regarding blades status of production and USB erupters auctions (are they sold out?)?
TsuyokuNaritai
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July 01, 2013, 02:03:03 PM
 #8947

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!
Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike!

Vycid
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July 01, 2013, 02:17:46 PM
 #8948

All:

My last offer for put options is good at the current price. I will honor it to 4.7 BTC unless I say otherwise.

(I am BUYING put options: you write them!)

Strike: 3.3 BTC
Expiration: 90 days
Premium: 0.3 BTC

BTCT only.

Vycid

aahzmundus
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July 01, 2013, 02:19:14 PM
 #8949

I expect to see a HUGE price spike the next time friedcat posts... I actually have btc sitting and waiting to buy in the second he posts, and then I will sell on the spike!
Why even sell on the spike? It's not trollboxland where every pump is followed by a dump. This is Friedcatland, all spikes so far have just stabilized out until the next spike!

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue

Birdy
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July 01, 2013, 02:21:30 PM
 #8950

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue
Getting rid of debts is a good decision.
velacreations
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July 01, 2013, 02:28:47 PM
 #8951

Any news regarding blades status of production and USB erupters auctions (are they sold out?)?

July 10 for new blades:
http://www.reddit.com/r/Bitcoin/comments/1hedyd/asicminer_has_new_blade_airoil_cooled_new_mini/

empoweoqwj
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July 01, 2013, 02:30:22 PM
 #8952

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue
Getting rid of debts is a good decision.

Fully agreed.

My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already.
Vycid
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July 01, 2013, 02:34:05 PM
 #8953

Because I want to pay off my student loans, and if I don't sell 2 hours after... Ill keep holding forever and never sell, when it would be nice to pay off the loans to improve my USD cashflow Tongue
Getting rid of debts is a good decision.

Fully agreed.

My only point would be the same as TsuyokuNaritai made. This stock is not a pump-and-dump, its not LTC. It just keeps going up and up. If you have funds to invest in the stock, invest *now*. I bought in on June 14th, that's 17 days ago at 2.5BTC, the price is now nearly 5. I really see no point in waiting around unless you believe we are in bubble land already.

Sounds a lot like bubble-land, if I'm honest. I heard this exact thing about Bitcoin itself back in March.

I'm not buying puts just for funsies. I'm buying puts because it's the only way to protect myself from ridiculous valuations of a company with a very clear business model.

Mnw
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July 01, 2013, 02:53:48 PM
 #8954

Any news regarding blades status of production and USB erupters auctions (are they sold out?)?

July 10 for new blades:
http://www.reddit.com/r/Bitcoin/comments/1hedyd/asicminer_has_new_blade_airoil_cooled_new_mini/

Thanks!
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July 01, 2013, 02:58:59 PM
 #8955

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202

BTC: 19dB148YewttZRVwF7WF8ZuT7uqnnjibkC
LTC: LPBi1LPqs1MY1tQKQ4wGG6gjwrcszFek6s
binaryFate
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July 01, 2013, 03:01:30 PM
 #8956

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202


If they could also rise BTC/USD, I'd be 100% happy...

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
Birdy
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July 01, 2013, 03:03:16 PM
 #8957


If they could also rise BTC/USD, I'd be 100% happy...


Yes, my shares are worth way more Btcs, but the Btc price is dropping :<
It's +/-0 for me at the moment.
SilentSonicBoom
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July 01, 2013, 03:04:51 PM
 #8958

Any news regarding blades status of production and USB erupters auctions (are they sold out?)?

July 10 for new blades:
http://www.reddit.com/r/Bitcoin/comments/1hedyd/asicminer_has_new_blade_airoil_cooled_new_mini/

Awesome news once again! Way to go AsicMiner!


ixne
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July 01, 2013, 03:06:08 PM
 #8959

This might be part of the reason for the latest upswing(s):

Chinese investors go crazy for Bitcoin:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202


Your source lacks somewhat in professionalism. My two favorite quotes:

"According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. One team, dubbed friedcat, boasts the largest mined amount of Bitcoin worldwide..."

"However, many are less optimistic about the future of the currency, questioning its stainability and constant fluctuations."

That's always bugged me: bitcoins are great, but how can I stain them please?

Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.
Rival
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July 01, 2013, 04:07:00 PM
 #8960


Anyway, ASICMINER shares are so esoteric its hard to believe an interest in Bitcoin has led to an increase in ASICMINER price without a corresponding increase in bitcoin price.

I would posit that most of the smaller investors in AM (Those with less than 50 shares) are reinvesting divs right back into more shares, either directly or through fractional share purchases.
This would have the effect of funneling btc directly into the hands of those wishing to cash out, which is the primary reason for selling. This lends itself to the following hypothesis:

Purchases of AM tend to go to sellers who convert the btc to cash, driving down btc exchange rate and simultaneously increasing AM share prices as reinvestment means less shares available for sale.

The results are exactly what we are seeing, and the market for both btc and AM may just be thin enough at this point where the hypothesis is correct as a causation factor of current trends. There would be of course, other factors at play, but i would consider that this one may be the primary one.
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