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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916238 times)
muyuu
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July 01, 2013, 04:50:42 PM
 #8961

This is a bit crazy but I'm loving it.  Grin

I look away for a bit and it has bumped again. Woha. Friedcat for president!

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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July 01, 2013, 04:55:28 PM
 #8962

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.

There's one big difference. Bitcoin price is almost entirely sentiment driven, AM share prices, within the BTC sphere, are driven to some extent at least by numbers / fundamentals.

I agree the share is on the verge of bubble-land. That's why people are starting to sell out below 5. But I think if AM performs well over the next 2-3 months, the bubble will inflate to around 8-10 before bursting back to 5 or below.

If I had bought in very early and had lots of shares, I would be looking to sell some now. Some early adopters could get 10x their initial investment back without hardly denting their current share level. Its all good Smiley
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July 01, 2013, 05:09:36 PM
 #8963

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.
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July 01, 2013, 05:10:41 PM
 #8964

"There's one big difference. Bitcoin price is almost entirely sentiment driven, AM share prices, within the BTC sphere, are driven to some extent at least by numbers / fundamentals."

I absolutely agree with this. Thankfully we have numbers to value AM properly and hopefully this will be a saving grace, preventing a massive bubble in AM shares.

I definitely agree we are just beginning to enter bubble territory (though still not there yet). However, given the ability to price AM, I'm hoping we do not actually get into the 8-10 btc/share range. If we got there the bubble pop would be very painful for the people entering the market at or after right about now

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Jutarul
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July 01, 2013, 05:11:53 PM
 #8965

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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July 01, 2013, 05:17:02 PM
 #8966

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

Luckybit
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July 01, 2013, 05:18:09 PM
 #8967

About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.

By saying he is king, I just meant he will retain leadership and we can be confident in that as we see this unfold in the next ~6 months. Confident enough to value a share at 10+ BTC.

However, even if there is a monopoly (as in, AM is the miner at 50% network share and everyone else is an AM consumer), it won't stop the majority from riding that boat, heh.


How would Asicminer monopoly endanger Bitcoin network when they sell Miners and they distribute the rewards to shareholders? They don't have 50% of the network and probably never will but they should maximize profit for shareholders while selling the most decentralized mining equipment designs possible.
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July 01, 2013, 05:18:52 PM
 #8968

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

Ummm ... generally people don't write financial books for the money, they do it because they love exposure, want to feed their ego or want to leave something behind when they go. I don't think Warren Buffet exactly needed the cash from a book deal  Cheesy
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July 01, 2013, 05:19:02 PM
 #8969

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...


Ha, he's really gonna slow the growth down with this. We were gonna see 5 for certain.
Time to make some phone calls and get people to buy them all up ASAP.
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July 01, 2013, 05:19:43 PM
 #8970

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys Wink
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July 01, 2013, 05:21:04 PM
 #8971

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

I think its cool. We can all buy them and resell them to bubble-boys Wink

The bubble-boys will be coming. We just gotta call them up and tell them what an awesome opportunity they are missing. When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.


By the way, 1000 shares @ 4.5? That guy is a millionaire.
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July 01, 2013, 05:24:11 PM
 #8972

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

To increase popularity of Bitcoin and Asicminer, you should speak to the media. Would you be willing to bring exposure to Asicminer by detailing in an interview how you paid for your student loans with this fantastic Bitcoin exclusive investment opportunity?

If you don't want to do an interview at least consider writing a book and selling it. It will increase your cashflow and benefit your share value. You're like the Warren Buffet of Virtual Stocks.

Uhhh, I would and I wouldn't.  I haven't paid off my student loans yet, I'm trying to not pull out TOO much to avoid going up several tax brackets (I plan to may my taxes on this income).

Last time there was a wall, it lasted for... how long?

I figure now is a good time to cash out some.  That mid sized wall on TAT is me at 4.5.  (unless it already got eaten).

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July 01, 2013, 05:25:28 PM
 #8973

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

No longer buying/selling Casascius coins. Beware scammers.
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July 01, 2013, 05:26:30 PM
 #8974

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?
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July 01, 2013, 05:32:42 PM
 #8975

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Yah don't give a reason, facts or logic or anything.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
blackreplica
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July 01, 2013, 05:33:37 PM
 #8976

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price

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July 01, 2013, 05:35:04 PM
 #8977

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

only if some one will buy over your AM shares at this price level in the future, otherwise anything less than 4.5(future selling price+received dividends)=loss

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July 01, 2013, 05:37:47 PM
 #8978

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price
He may also possibly contributing to another BTC/USD price droop in the future....
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July 01, 2013, 05:38:46 PM
 #8979

When stories spread about people paying off their college loans or tripling their Bitcoins just from buying shares they'll get in.

I've tripled my investment in under 2 months.

For the record, I think anybody who buys shares at current prices (~4.5) is making a bad decision.

Why would you consider it a bad decisions with the ridiculous dividends coming in the future?

Because daily fluctuations in share prices are already orders of magnitude larger than any dividend payment to date. A BTC0.04 dividend equals a net loss if the shares you bought at BTC4.5 are now selling for BTC4.45.

No longer buying/selling Casascius coins. Beware scammers.
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July 01, 2013, 05:39:05 PM
 #8980

Auction Alert

I have initiated a third offering for my holdings. I am offering at 4.5BTC/share for a maximum of 1000 shares:
https://bitcointalk.org/index.php?topic=247803.0

Oh crap...

It may seem that way...but I seriously believe this guy just did us a massive favour by stabilising the price
He may also possibly contributing to another BTC/USD price droop in the future....


thats a good point. If he dumps 4500BTC right now the price goes just above 90. Might be just enough to trigger a panic selloff

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