ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SebastianJu]

By the way... it looks like errors and missing infos are found and added so i created a new thread for all those questions regarding where to buy AM-Shares, what PT-Shares are and so on: https://bitcointalk.org/index.php?topic=188550.0

[JaredR26]

Just that i got it right, the plan is to get 15TH till the end of next week on BTCguild?

and later 50th and more..?

Yes. And auction off USB miners in 5 days, with more auctions to come.

Note, I don't think 5 days is an auction- I think 5 days is the completion of some sample boards that will be used for internal testing.  After internal testing checks out(I would guess 1.5 weeks) I think they will be producing and then auctioning 300 of them.

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

[John (John K.)]

Just that i got it right, the plan is to get 15TH till the end of next week on BTCguild?

and later 50th and more..?

Yes. And auction off USB miners in 5 days, with more auctions to come.

Note, I don't think 5 days is an auction- I think 5 days is the completion of some sample boards that will be used for internal testing.  After internal testing checks out(I would guess 1.5 weeks) I think they will be producing and then auctioning 300 of them.

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

The sticks could be auctioned in lots I guess as the amount is huge.

[g83]

it will work like:

300 @ 1
300 @ 1.1
.
.
.
300 @ 5
.
.
.

[furuknap]

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

Why? Hundreds items have been sold here before in a single auction. I'm guessing someone like John K would be appointed to keep track, and you bid on how many you want at what price.

.b

[maxmint]

Added the USB Miner and Block Erupter Blades to http://minr.info/
Looking forward to the next auction!!

[oaxaca]

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

Seems pretty simple.  Any volunteers?

http://www.webidsupport.com/

[vortex1878]

Where is the number 300 coming from?

[JaredR26]

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

Why? Hundreds items have been sold here before in a single auction. I'm guessing someone like John K would be appointed to keep track, and you bid on how many you want at what price.

.b

That is a *lot* of work for John.  He volunteers his time to do this.  Managing an auction of 10 items is much easier than an auction of 300 items.

And worse, it doesn't scale.  We are potentially going to want to sell thousands of Honeybees miners.  It is very easy for a website/database to keep track of bids, and even potentially to unwind bids in the case of non-payment, as was a concern in the last process.

[furuknap]

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

Why? Hundreds items have been sold here before in a single auction. I'm guessing someone like John K would be appointed to keep track, and you bid on how many you want at what price.

.b

That is a *lot* of work for John.  He volunteers his time to do this.  Managing an auction of 10 items is much easier than an auction of 300 items.

I'm sure John and friedcat can come to some arrangement. It's a tried and true method that seems to work and scale to at least a few hundred items, like the recent ASCIMiner share auctions have shown.

And worse, it doesn't scale.  We are potentially going to want to sell thousands of Honeybees miners.  It is very easy for a website/database to keep track of bids, and even potentially to unwind bids in the case of non-payment, as was a concern in the last process.

It doesn't have to scale to that number, it has to scale to 300, which is what seems to be auctioned off initially.

.b

[furuknap]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

[SebastianJu]

300 units could result in a really long statuslist. But i think the work isnt much more. Its still the same. Check the price, add the user with its bid and truncate the last users that dont get a miner now anymore.

[louong]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.

[furuknap]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.

Excellent, I'll update. Thanks!

.b

[Lethos]

With almost finished wrapping up my auction (just waiting on friedcat to confirm them and 1 payment).
What BTC address is a good place to send a tip to you friedcat for helping out in this?

[iCEBREAKER]

I can't imagine how an auction for 300 of these will work.  Sounds like someone needs to create a website to manage the auction.

It's already been done.  Sell half on BitMit and half on another forum thread.  Problem solved!

*PMs friedcat my BitMit referral link* 

[mrb]

Deploying
Heading to 15TH/s or more in the following 7 days.

You have always said the first batch was going to be 12 Th/s. And that a clearly independent second batch of 50 Th/s would be made. So does "15 Th/s" mean you are making a tiny partial deployment of the second batch?

[burnside]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.

Looks great, thanks!

Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out.  (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)

Nice work, much appreciated! 

Cheers

[SebastianJu]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.

Looks great, thanks!

Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out.  (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)

Nice work, much appreciated! 

Cheers

Please inform me once you changed the rules so that i can change this overview too: https://bitcointalk.org/index.php?topic=188550.msg1953658#msg1953658

[burnside]

I've been asked and found questions from people looking to learn how to buy ASICMiner shares, so I put together this brief guide.

http://coin.furuknap.net/how-to-buy-asicminer-shares/

.b

Great job! Slight correction for this site and the post you made earlier on another board - the ASICMINER PT on BitFunder does not have a 0.5% fee on dividends. BTC-TC does, but they've currently waived it for now.

Looks great, thanks!

Only thing I have to add is that the transfer fee is also currently waived, and even once it kicks in there is only a fee when transferring less than 50 shares out.  (I intend to modify the contract to clarify that all transfers in will be free, and most likely will reduce the 0.5 btc fee given how btc has skyrocketed in value lately.)

Nice work, much appreciated! 

Cheers

Please inform me once you changed the rules so that i can change this overview too: https://bitcointalk.org/index.php?topic=188550.msg1953658#msg1953658

Absolutely, I was just replying over there too.    Summary is looking great.  Very nice!