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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3896863 times)
louong
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May 09, 2013, 06:17:06 AM
 #4541

Unfair advantage in this case is a nice way of saying stealing technologies or cheating. In this case, AM would have achieved their proven, demonstrable hashrates and concrete products because they got someone in Avalon to screw with Avalon.

Yeah, but Avalon screwing with Avalon doesn't even make financial sense. The rumour was not very believable, but Avalon screwing itself at the expense of another company is even less so.

Anyway, agreed let's just move on.

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furuknap
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May 09, 2013, 06:21:55 AM
 #4542

I guess I am not sure of the possible implications, care to say what you think could happen to cause people to loose interest in Asicminer? Also, please remember that I said in the short term, not in the long term.

Short term, what would you think the following headline on Reddit would do to share prices: "US$50 million lawsuit from Avalon against ASICMiner over corporate espionage! ASICMiner operation seized by Chinese government."

This idea floating around was formed by a random poster who has no ties with either companies and the poster did not even state this as a rumor, but as his personal theory!

Well, he did actually claim that a Chinese web page had evidence of this collusion, or at least it could easily be interpreted that way, possibly due to poor English written skills. This is why I asked for clarification so that we could make absolutely sure and hear it from the claimer that there is no such evidence.

He later confirmed, as I interpret his post, that there is no such evidence and he did not intend to bring Dr Zhang into this or suggest that Dr Zhang had any covert interest in ASICMiner.

This horse is dead, there is no evidence of any wrong-doing, and yes, let's stop polluting this thread with "Ya'know, I'd be fine with this as long as it made me money" posts.

Look! What's that shiny thing over there! I think it's today's dividend money! Let's go roll in it!

.b

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May 09, 2013, 06:27:18 AM
 #4543

Anyways, in an effort to move the discussion more towards the intended topic, do you guys recommend keeping shares as a passthrough on BTC-TC or Bitfunder, or requesting to exchange them to normal direct shares?

Also, what do you all think about Asicminer in the near future (less than two weeks) and long term future (2+ months?). Will they keep on kicking butt, will they fall due to BFL/Avalon, or not much will change?

Also, furuknap, thanks for responding to my question about possible implications! For some odd reason, and I am not saying this sarcastically, totally forgot about a possible lawsuit possibly obliterating the asicminer. Heh, this is what happens when I spend too much time reading here. Tongue
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May 09, 2013, 07:02:26 AM
 #4544

Anyways, in an effort to move the discussion more towards the intended topic, do you guys recommend keeping shares as a passthrough on BTC-TC or Bitfunder, or requesting to exchange them to normal direct shares?

Also, what do you all think about Asicminer in the near future (less than two weeks) and long term future (2+ months?). Will they keep on kicking butt, will they fall due to BFL/Avalon, or not much will change?

Also, furuknap, thanks for responding to my question about possible implications! For some odd reason, and I am not saying this sarcastically, totally forgot about a possible lawsuit possibly obliterating the asicminer. Heh, this is what happens when I spend too much time reading here. Tongue

1) It depends. Do you plan to trade? If so buy shares on passthroughs. If not, it seems to generally makes no difference. (Buy where cheap, sell where dear, and above all try to build a long position at a price lower then everyone else.)

Long term, I have a growing respect for Friedcat, and feel that he is building a company for the long term. (As much as I liked short term swings). Friedcat has managed to get himself in the drivers seat, and it is his game to lose. I think I can speak about Avalon. They went with an older tech and didn't lock down production guarantees with their fab as well as Friedcat did, so volume and efficiency (due to older tech) is a challenge. As far as BFL goes, they can go to hell, and by the time they are ready to ship, my guess is that despite spending almost as much on marketing as they did on engineering, they will have lost so many orders due to their incompetence. I'm kinda betting that AM USB sticks (and AM shares) will be the new hotness that leaves BFL in the dust.

There will be winners and losers in the btc world. Friedcat is a winner. BFL is a loser. Avalon is somewhere in between.

2) Short term AM seems on a strong uptrend, which may have gotten ahead of itself. That said, I wouldn't risk betting against it. IE: I am overall long at this time.

I'll also say AM shares, seem almost too good to be true. We've got a company that isn't in it for the short term, that is paying an estimated 37% a year divs. Do your own mach as it's all variable.

As an aside, I keep saying to myself, oh AM shares are worth X, and I'll sell em all when it reaches that price. However Friedcat keeps pulling tricks out of his hat, so I dare not project a fair market value.

IE: I feel like AM shares are too expensive now, but at this time, I just can't bring myself to sell. (And kinda am kicking myself for saying this in public).

-helixone

p.s. - I have no idea what I am talking about.
p.s.s. - I have been trading in and out of AM since 0.69, at this point I am all in.
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May 09, 2013, 07:12:12 AM
 #4545

helixone, that entire post is gold (like many others here) but this had me ROFLMAO:

I'm kinda betting that AM USB sticks (and AM shares) will be the new hotness that leaves BFL in the dust.

 Cheesy

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May 09, 2013, 09:31:28 AM
 #4546

interesting discussions nonetheless ..  Smiley
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May 09, 2013, 09:45:25 AM
 #4547

Now >5 TH/s on BitMinter + >14 TH/s on BTC Guild that is nearing 20 TH/s. Keep it coming and pump it up Cheesy

I think I would buy shares even above 1.5 if I hadn't invested it all already...
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May 09, 2013, 10:24:53 AM
 #4548

Shares rapidly becoming more valuable, glad I bought a dozen at 1.25. This is going to be a good investment.
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May 09, 2013, 11:20:33 AM
 #4549

6 TH/s on Bitminter Smiley

(BFL)^2 < 0
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May 09, 2013, 11:50:18 AM
Last edit: May 09, 2013, 01:58:10 PM by SmiGueL
 #4550

6 TH/s on Bitminter Smiley

That means:

20+ TH/s total!  Grin

1000+ BTC/day!  Grin

Asicminer Hashrate Charts @ www.asicminercharts.com

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JimiQ84
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May 09, 2013, 12:50:10 PM
 #4551

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
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May 09, 2013, 01:17:26 PM
 #4552

Is this an issue?  Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale?  Or are there any other risks?  Or is it just sloppy code, but not an issue to returns.

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May 09, 2013, 01:24:31 PM
 #4553

Is this an issue?  Like, if bitminter thinks the blocks are stale, is there a risk of them becoming stale?  Or are there any other risks?  Or is it just sloppy code, but not an issue to returns.

just sloppy code, it only delays payment from pool to AM's wallet. I noticed it few days ago, but there never been more than 1 stale new blocks. It happend today because of high luck and rising hashrate.
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May 09, 2013, 01:35:38 PM
 #4554

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

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May 09, 2013, 01:40:30 PM
 #4555

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
I'm sorry - I gotta ask ... WTF are you talking about?

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May 09, 2013, 01:56:46 PM
 #4556

I know there is already a Google spreadsheet for ASICMINER, but I made one that auto-updates every 15 minutes and thought it might be useful to some people

https://docs.google.com/spreadsheet/ccc?key=0AvEf3i8Bsx5BdFYyU1E4Tl9vd2ZnOTBsZ201bjJwUUE#gid=1

Am planning to add stuff like dividend and share price fluctuations on there also
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May 09, 2013, 02:05:46 PM
 #4557

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

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May 09, 2013, 02:07:50 PM
 #4558

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.
I'm sorry - I gotta ask ... WTF are you talking about?

this page http://bitminter.com/blocks shows occasionally lots of stale blocks. Nevermind.
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May 09, 2013, 02:11:30 PM
 #4559

Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

You can for sure... Smiley

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May 09, 2013, 02:17:04 PM
 #4560

BitMinter doesn't cope with increased hashrate that well. All new blocks are interpreted as stale until enough blocks from competition confirm that they aren't stale. And since BitMinter has incredible luck last hour, there are not enough blocks from competition.

How is that not coping well? As long as the there are no orphaned blocks, what's the problem? ASICMiner will earn more there than at BTCGuild -  about 8% extra from merged mining and around 2% extra for transaction fees.

Yep, bitminter is definitely a GREAT choice for shareholders, BTCGuild can go to hell with their outrageous fees. I say only deploy at bitminter from now, and shareholder can enjoy the free 10% extra income.

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