Bitcoin Forum
October 31, 2024, 02:04:30 PM *
News: Bitcoin Pumpkin Carving Contest
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 [130] 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3917000 times)
bitfair
Sr. Member
****
Offline Offline

Activity: 362
Merit: 250


View Profile
March 25, 2013, 12:06:12 PM
 #2581

Someone knows where the 15TH/s comes from that are added in the last days? http://blockchain.info/de/charts/hash-rate
Avalon?

Personally, I suspect it's BFL mining with their customers gear. I mean, do you really think they could resist that temptation? Especially when their actions don't appear to have any consequences whatsoever?

I really don;t think they have a working ASIC yet... especially considering their actions up till now  Wink

Conceded!

However, imagine if they have, for example, overestimated the power efficiency of the chips (I consider this very likely): sending them to customers would create desperate cries of scamming ("Chips do not meet spec!!!!"), but mining with them is still outrageously profitable.

Anyway, they haven't made an official statement for about 10 days, when they claimed they were testing the chips. But one thing I think can be agreed: either they are less competent than they initially claimed to be, or they are intentionally misleading their customers. Pick whichever theory you prefer, it still doesn't make them look very good.

But it makes ASICMINER look that much better!
Akka
Legendary
*
Offline Offline

Activity: 1232
Merit: 1001



View Profile
March 25, 2013, 12:06:55 PM
 #2582

Their customers would love that... at least it would mean they are capable of producing a functioning ASIC.

Not even that, that would only proof they are capable of hiring a contractor that is able to produce a functioning ASIC.  Tongue

All previous versions of currency will no longer be supported as of this update
stenkross
Sr. Member
****
Offline Offline

Activity: 330
Merit: 250



View Profile
March 25, 2013, 12:56:29 PM
 #2583

Regarding hashing, difficulty was recently increased with 38%.
Most dramatic increase since june -2011.

https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHVRMHpqWUJValI1RlZiaEtCT1RrQmc#gid=0
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
March 25, 2013, 01:03:13 PM
Last edit: March 25, 2013, 01:14:05 PM by ThickAsThieves
 #2584

Looks like they are making some moves onto Ozcoin.

EDIT: Hmm, it was showing about 750,000 on Ozcoin (plus the 5.8gh on BTCGuild) a few minutes ago. Now, it's only at about about 200,000 at Ozcoin.
talnted
Full Member
***
Offline Offline

Activity: 236
Merit: 100


www.bitcoingem.com


View Profile WWW
March 25, 2013, 02:38:23 PM
 #2585

Thanx for your reply.
I just bought 75 shares on BitFunder.

Maybe I bought while the share is on top, and end up loosing it all.
However, the reason for buying is the impression from friedcat, that he's a hard working guy with high level of professionalism, and that he succeed, when so many others failed.
With that type of guy steering the ship, chance of success is somewhat greater.

I'm in this for the long run, so I'll just cross my fingers and stay away from the sell button.

I agree 1000%. People can speculate over share price, and talk about it dropping due to FriedCat and his team getting paid what they deserve.
I think the share are worth far more, not just because of the dividends, but because of the people that have made this possible.
Sometimes it is not all about money. I forcast a normal 1BTC price per share in the near future.

I have been very impressed with Friedcat. Think of the vast amounts he could have kept, or even paid back the IPO price and said "sorry".
He could have easily funded continued expansion for himself/his group. Instead he is keeping his word, and has become one of the most honest and trusted people in bitcoinland.

I look forward to greater things from Friedcat and Asicminer.

Props and thumbs up to Friedcat and his team for this continuing great success.


I couldnt agree more.

The Original and Most Popular Gem Game: www.bitcoingem.com
Over 800+ BTC Paid Out!  1110+ Buyers of the Gem!
Glasswalker
Sr. Member
****
Offline Offline

Activity: 407
Merit: 250



View Profile WWW
March 25, 2013, 02:55:31 PM
 #2586

Just an FYI/crosspost. For those who agree with me that ASICMINER is under-valued right now, and who are looking to acquire more shares, please see my share sale post at https://bitcointalk.org/index.php?topic=158089.0

Just cross-posting here for those who may be direct-linking to this thread for updates.

Thanks!

BattleDrome: Blockchain based Gladiator Combat for fun and profit!
http://www.battledrome.io/
gmouse
Newbie
*
Offline Offline

Activity: 51
Merit: 0



View Profile
March 26, 2013, 03:16:32 AM
 #2587

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?
SebastianJu
Legendary
*
Offline Offline

Activity: 2674
Merit: 1083


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 26, 2013, 03:24:36 AM
 #2588

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?

I doubt they will be sold. Because why should you spread your divididends among more people when you dont need the money raised through these shares?

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
niko
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


There is more to Bitcoin than bitcoins.


View Profile
March 26, 2013, 03:39:36 AM
 #2589

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?

I doubt they will be sold. Because why should you spread your divididends among more people when you dont need the money raised through these shares?
You wouldn't be diluting the existing shares: it was repeatedly pointed out that each share is entitled to 1/400`000 of the profits, regardless of the number of sold shares.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
SebastianJu
Legendary
*
Offline Offline

Activity: 2674
Merit: 1083


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 26, 2013, 03:42:13 AM
 #2590

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?

I doubt they will be sold. Because why should you spread your divididends among more people when you dont need the money raised through these shares?
You wouldn't be diluting the existing shares: it was repeatedly pointed out that each share is entitled to 1/400`000 of the profits, regardless of the number of sold shares.

Yes, but at the moment these shares are still owned by bitfountain. So when they sell them they wouldnt get the dividends for these shares anymore. At least i wouldnt sell it when i dont need and the asics bring enough money in to reinvest.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
gmouse
Newbie
*
Offline Offline

Activity: 51
Merit: 0



View Profile
March 26, 2013, 03:52:11 AM
 #2591

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?

I doubt they will be sold. Because why should you spread your divididends among more people when you dont need the money raised through these shares?

I am not savvy about how IPOs generally work, but it seems to me that some % of the company is basically without ownership.  If each share presently in the hands of public shareholders represents 1/400000 of the company, as do the primary shareholders, where does the ~46K of unsold shares reside?  I am accustomed to an IPO having underwriters, so unsold share are the obligation of the underwriter to purchase.  But this is obviously not the case here, given the unorthodox market in which we traded.

So, did those unsold shares disappear?  Do we the scale up the existent shares, or are they now the property of the primary shareholders, effectively giving them their 200K share plus the 46K unsold IPO shares?  Or are there really only about 354K share total?
SebastianJu
Legendary
*
Offline Offline

Activity: 2674
Merit: 1083


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 26, 2013, 03:55:46 AM
 #2592

I am not savvy about how IPOs generally work, but it seems to me that some % of the company is basically without ownership.  If each share presently in the hands of public shareholders represents 1/400000 of the company, as do the primary shareholders, where does the ~46K of unsold shares reside?  I am accustomed to an IPO having underwriters, so unsold share are the obligation of the underwriter to purchase.  But this is obviously not the case here, given the unorthodox market in which we traded.

So, did those unsold shares disappear?  Do we the scale up the existent shares, or are they now the property of the primary shareholders, effectively giving them their 200K share plus the 46K unsold IPO shares?  Or are there really only about 354K share total?

Im not a pro either but all 400000 shares were owned by bitfountain from the start. They sold 145000 or so and the remaining shares are still theirs.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
niko
Hero Member
*****
Offline Offline

Activity: 756
Merit: 501


There is more to Bitcoin than bitcoins.


View Profile
March 26, 2013, 04:10:23 AM
 #2593

I am not savvy about how IPOs generally work, but it seems to me that some % of the company is basically without ownership.  If each share presently in the hands of public shareholders represents 1/400000 of the company, as do the primary shareholders, where does the ~46K of unsold shares reside?  I am accustomed to an IPO having underwriters, so unsold share are the obligation of the underwriter to purchase.  But this is obviously not the case here, given the unorthodox market in which we traded.

So, did those unsold shares disappear?  Do we the scale up the existent shares, or are they now the property of the primary shareholders, effectively giving them their 200K share plus the 46K unsold IPO shares?  Or are there really only about 354K share total?

Im not a pro either but all 400000 shares were owned by bitfountain from the start. They sold 145000 or so and the remaining shares are still theirs.
My understanding was that 200`000 shares belong to Bitfountain, 200`000 to ASICMINER company. ASICMINER sold some of the shares in thr IPO to raise capital. It is not clear at all what the fate of unsold shares is, nor what the fate of their dividends is.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
SebastianJu
Legendary
*
Offline Offline

Activity: 2674
Merit: 1083


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
March 26, 2013, 04:19:08 AM
 #2594

My understanding was that 200`000 shares belong to Bitfountain, 200`000 to ASICMINER company. ASICMINER sold some of the shares in thr IPO to raise capital. It is not clear at all what the fate of unsold shares is, nor what the fate of their dividends is.

I understood it the way that asicminer isnt a company in itself. Bitfountain is the only company involved behind. And Asicminer is only a name for the project. Otherwise... if it would be a company someone has to own it. And he would own the shares then. But it would be strange that one company would sell all of itself like it was planned with the 200000 shares.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
March 26, 2013, 06:26:30 AM
 #2595

I guess Bitfountain owned 400 000 shares of ASICMINER (which is company) and sold ~150k of these shares. They planned to have 200k shares and 200k would be owned by smaller investors. But that didn't work out, so about 50k shares are still owned by Bitfountain plus 200K which was always planned.
Gabit
Full Member
***
Offline Offline

Activity: 145
Merit: 100



View Profile
March 26, 2013, 01:01:34 PM
 #2596

I guess Bitfountain owned 400 000 shares of ASICMINER (which is company) and sold ~150k of these shares. They planned to have 200k shares and 200k would be owned by smaller investors. But that didn't work out, so about 50k shares are still owned by Bitfountain plus 200K which was always planned.

You guessed absolutely wrong. Bitfountain is the company, Asicminer is divided in 400 000 from where Bifountain owns 200k. Orginal IPO was for 200k Asicminer shares, but the IPO closed early due target was reached, and there were some shares left. Don't remember exactly, but somewhere around 36-40k.
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
March 26, 2013, 01:07:16 PM
 #2597

That doesn't answer what is happening to those unsold 40k shares. Do they even exist? How is dividend calculated?
bitfair
Sr. Member
****
Offline Offline

Activity: 362
Merit: 250


View Profile
March 26, 2013, 01:51:26 PM
 #2598

That doesn't answer what is happening to those unsold 40k shares. Do they even exist? How is dividend calculated?

They exist. They belong to the founders. They receive dividends, in the same manner as the rest of the 400 000 shares.
JimiQ84
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
March 26, 2013, 02:13:25 PM
 #2599

So it's exactly as I've written it - there are 400k shares, 250k owns Bitfountain and 150k is owned by smaller investors.
vortex1878
Hero Member
*****
Offline Offline

Activity: 491
Merit: 500


View Profile
March 26, 2013, 03:38:58 PM
 #2600

So it's exactly as I've written it - there are 400k shares, 250k owns Bitfountain and 150k is owned by smaller investors.

Look up the definition of "exactly" and spare us, please.  Lips sealed

Introduction
ASICMINER is a virtual identity totally held by investors of the Bitfountain company. The Bitfountain company's business includes mining with self-built ASIC devices, as well as the sales of them. Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares.
Pages: « 1 ... 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 [130] 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!