ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hdbuck]

Bitmain implicitly hinted that he was talking about BF with that comment.

What a shit-show. I understand wanting to protect your margins, but this almost couldn't have been handled worse. Three month preorders for batch 6, then raising the price twice in the span of a couple hours in the face of the pent up demand is a surefire way to piss people off.

I wouldn't necessarily say this is about AM. It could be, but there's another large entity out there that just recently showed an awesome new chip that could have driven a large hashrate increase.

 

no, BF dont aim at home miners anyway. Bitmain is just playing around.

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[freedomno1]

https://www.facebook.com/Bitmain/posts/859782150729679

Bitmain

20 mins ago, we received a very important intelligence and we decide to increase the price of S5 by 20%. A certain competitor which we pay attention has not submit any mass production order to its wafer supplier. Only a small batch of pilot run has been submitted before the Chinese New Year. It has confirmed a long but uncertain guess that the aggressiveness get in trouble. The best time for mining bitcoin comes right now.

Looks like things are getting nasty well not that they already weren't.
Was a quick crash though from 0.03 to 0.01 there must not be any volume to support the market

[Mabsark]

You either die a hero or you live long enough to see yourself become the villain.

[MrTeal]

Bitmain implicitly hinted that he was talking about BF with that comment.

What a shit-show. I understand wanting to protect your margins, but this almost couldn't have been handled worse. Three month preorders for batch 6, then raising the price twice in the span of a couple hours in the face of the pent up demand is a surefire way to piss people off.

I wouldn't necessarily say this is about AM. It could be, but there's another large entity out there that just recently showed an awesome new chip that could have driven a large hashrate increase.

 

no, BF dont aim at home miners anyway. Bitmain is just playing around.

BF doesn't aim at home miners, but they are a major driver of difficulty increases. Bitmain's always priced their hardware based on estimates of their earning potential as opposed to BOM cost. Bitfury not submitting a large wafer order makes every S5 more valuable, therefore they charge more.

While it's possible they are talking about Asicminer, there's a lot more issues there that Bitmain would have been well aware of for much longer than the last 6 hours. I'd give better odds on it being Bitfury, and it's definitely not a shoe-in for being Asicminer.

[CanaryInTheMine]

I just know that FC has a wife and she's also searching for him.
Once I get more info, I will inform you, stay tuned!

Donation: 14jg97biQjMu6Z5J7NhoAhD35uGkeCmphH

Maybe the government has him.

If so, the govenment will notice his family.

haha

[ujka]

...
I'd give better odds on it being Bitfury, and it's definitely not a shoe-in for being Asicminer.

Had to google it, what this 'shoe-in' means.
I agree here, not a shoe-in for being Asicminer. AM did submit a pilot run back in September, not before the Chinese New Year.

[armedmilitia]

...
I'd give better odds on it being Bitfury, and it's definitely not a shoe-in for being Asicminer.

I thought bitfury had a shit ton of money from all the VC it raised?
Very interesting how bitmain didn't specify which manufacturer though. They might be keeping vague to drive hype to purchase miners.

Makes sense for them to make it seem like it's 'the perfect time' to buy new hardware.

[AMuppInTime]

There were more informations through the earlier posts. Friedcat never tried to hide his identity and has posted a few pictures throughout his posts.
If you remember where those might be, could you link them in this thread? I have him as "Brandon Lu" - fnnirvana(at)gmail(dot)com. Email is verified from share transfers - can others confirm or update name? Family looking is expected, now sincerity is something else.

[NotLambchop]

...I have him as "Brandon Lu" - fnnirvana(at)gmail(dot)com. Email is verified from share transfers - can others confirm or update name? ...

Viewing messages posted by '"Xinyu Jiang" <fnnirvana () gmail ! com>' (1 msg)  http://marc.info/?l=haskell-cafe&m=122223203005933&w=2

P.S:  You should email him & ask name.  Better yet, ask name b4 sending coin

[iwantasicminer]

I have long suspected this address to be linked to AM:

https://blockchain.info/address/1B9KrM7bjhJ42qJSWr1KJrNTAP1SNGMpJu

It is on the move big time today.

[Chris_Sabian]

I have long suspected this address to be linked to AM:

https://blockchain.info/address/1B9KrM7bjhJ42qJSWr1KJrNTAP1SNGMpJu

It is on the move big time today.

Whoever owns this address is sending coins into addresses with 1,000 coins in them.

[ScryptAsic]

I have long suspected this address to be linked to AM:

https://blockchain.info/address/1B9KrM7bjhJ42qJSWr1KJrNTAP1SNGMpJu

It is on the move big time today.

Looks like enough to go and sit on the beach and ignore the forums. Also Bitmain pulled a dick move raising prices. It is a shame only the Chinese make miners these days. Who would ever trust China for anything 

[hdbuck]

I have long suspected this address to be linked to AM:
https://blockchain.info/address/1B9KrM7bjhJ42qJSWr1KJrNTAP1SNGMpJu
It is on the move big time today

Looks like enough to go and sit on the beach and ignore the forums.

sorry couldnt resist..

[muyuu]

https://www.facebook.com/Bitmain/posts/859782150729679

Bitmain

20 mins ago, we received a very important intelligence and we decide to increase the price of S5 by 20%. A certain competitor which we pay attention has not submit any mass production order to its wafer supplier. Only a small batch of pilot run has been submitted before the Chinese New Year. It has confirmed a long but uncertain guess that the aggressiveness get in trouble. The best time for mining bitcoin comes right now.

Looks like things are getting nasty well not that they already weren't.
Was a quick crash though from 0.03 to 0.01 there must not be any volume to support the market

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

[MidwestMiner]

https://www.facebook.com/Bitmain/posts/859782150729679

Bitmain

20 mins ago, we received a very important intelligence and we decide to increase the price of S5 by 20%. A certain competitor which we pay attention has not submit any mass production order to its wafer supplier. Only a small batch of pilot run has been submitted before the Chinese New Year. It has confirmed a long but uncertain guess that the aggressiveness get in trouble. The best time for mining bitcoin comes right now.

Looks like things are getting nasty well not that they already weren't.
Was a quick crash though from 0.03 to 0.01 there must not be any volume to support the market

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

I'm picking up 500 when the price hits 0.005 just on the off chance that Friedcat is just sleeping off the most epic hangover in history.

[dhenson]

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

Would it be possible to sell the IP and distribute to shareholders?  It seems a shame to let the BE300 go un-produced.

[MidwestMiner]

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

Would it be possible to sell the IP and distribute to shareholders?  It seems a shame to let the BE300 go un-produced.

With Bitfury and KNC both being in production at the same or better specs, I wouldn't be so sure that the BE300 design holds any value. That is unless its already leaked or stolen (if ASICMINER/Friedcaf has indeed been compromised or disappeared).

[muyuu]

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

Would it be possible to sell the IP and distribute to shareholders?  It seems a shame to let the BE300 go un-produced.

This probably happened already. To a different company so that they get to reclaim full ownership of the product and 0% to previous shareholders.

At this point it would make no sense to just reappear. Lots of people would be able to claim damages.

I guess it is "possible" but I don't think there's a minimum plausible chance.

[MidwestMiner]

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

Would it be possible to sell the IP and distribute to shareholders?  It seems a shame to let the BE300 go un-produced.

This probably happened already. To a different company so that they get to reclaim full ownership of the product and 0% to previous shareholders.

At this point it would make no sense to just reappear. Lots of people would be able to claim damages.

I guess it is "possible" but I don't think there's a minimum plausible chance.

>10% that ASICminer can survive already. The PR damage alone is huge, not even taking tech/financial into consideration.

[freedomno1]

I don't see why would anyone buy now. It's not like friedcat can come back now and pretend nothing happened.

Would it be possible to sell the IP and distribute to shareholders?  It seems a shame to let the BE300 go un-produced.

This probably happened already. To a different company so that they get to reclaim full ownership of the product and 0% to previous shareholders.

At this point it would make no sense to just reappear. Lots of people would be able to claim damages.

I guess it is "possible" but I don't think there's a minimum plausible chance.

It did seem like a suspicion but unless I missed it we don't have enough going evidence to prove that

Although the point about damages is an interesting one

For now I guess we will just need to keep watching to see the final outcome, a Phoenix's birth rise and fall guess we may see it all.