ASICMINER: Entering the Future of ASIC Mining by Inventing It

[irritant]

anyone know a good place to buy these shares from a PT that i have option to withdraw and have them directly to me?
any PT has that option you guys might know of? im looking to buy some more shares but i want them direct,

thanks

https://btct.co/  offers such service if I recall correctly

[parseval]

The live interactive version is here, it updates with new stock prices every 10 minutes or so..  This is just a dev box, so it's a temporary URL:

http://fnords.dontexist.com/chart/ASICMINER-PT

From a brief glance at the source, you're not getting data directly from BTCT, are you? Any particular reason why? The trade data is public.

If there's a compatibility thing between Highcharts.com expecations and BTCT deliverables, care to reveal the code for /json/ASICMINER-PT?

.b

The data is from BTC-TC's API, but it's just prefetched and stored in my own database.  This reduces load on their server by not calling the API for every page load which I and every viewer do.  Storing the data locally allows me to transform it into series data that the highcharts javascript library finds more palatable, and it's a little smaller as a result, so this translates into it loading faster in the browser as well..  More than that, though, I want to run other operations against the data and having a local model of it makes this easier (especially since most of this is typical server side work rather than something we'd want do clientside in javascript). For example, one day I might get curious and want to calculate the relative change in price over time and compare that to something else like volume or share price or relative change in volume, or price of MTgoxusd, or any of a dozen factors.  I'm just exploring the data to see if I can find interesting patterns, or possible prediction factors for future activity.  Call it amateur data science to sate my own curiosity. 

The code to generate the json is pretty short:

Code:

def json_data_view(request, ticker):
    asset = Asset.objects.get(ticker=ticker)
    trades = Trade.objects.filter(asset=asset).order_by('time')
    dataset = []
    for trade in trades:
        dataset.append([datetime_to_milliseconds(trade.time), trade.price, trade.volume])
    return HttpResponse(json.dumps(dataset), mimetype='application/json')

This just fetches Trade objects, which are an ORM for the trade data in the BTC-TC API, and returns it to the browser as a json dump.

[conv3rsion]

anyone know a good place to buy these shares from a PT that i have option to withdraw and have them directly to me?
any PT has that option you guys might know of? im looking to buy some more shares but i want them direct,

thanks

https://btct.co/  offers such service if I recall correctly

Here are the term's on Burnside's PT on btct.co  . From everything I can tell, Burnside is a good guy and is trustworthy.


-------------
Transfer

Transfers in and out of the passthru are supported.  Such transfers can take some time, due to the manual nature.

One transfer OUT OF ASICMINER-PT will be processed free once per month per account.  Subsequent transfers within the same month OUT OF ASICMINER-PT are subject to a fee of 0.25 BTC for transfers of 49 shares or less.

Transfers OUT OF ASICMINER-PT are always free for any transfer of 50 shares or more.

Transfers IN TO ASICMINER-PT from elsewhere are free for any size transfer.

[blackarrow]

-- self deleted post (off topic)

[furuknap]

--self deleted because quoted post was deleted (off-topic)

[gmouse]

I absolutely love this company.  I am lucky to have bought in at IPO prices, but it actually still makes sense to buy at the PT prices now; I am not selling though, no way...

[Theraty]

I absolutely love this company.  I am lucky to have bought in at IPO prices, but it actually still makes sense to buy at the PT prices now; I am not selling though, no way...

What is your speculation on equivalent asic miner companys just starting up in the past few months?

[furuknap]

I absolutely love this company.  I am lucky to have bought in at IPO prices, but it actually still makes sense to buy at the PT prices now; I am not selling though, no way...

I love the company too, but I would urge anyone considering investing to run the numbers to see whether it makes sense to them.

Not to piss on anyone's parade, but keep in mind a few things to keep a cool head.

- In a stampede, it is easy to get carried away and think that the herd must be right.
- Do your own research, if this is truly a great thing, it will be around for a long time, also after you spend some time researching. If it is a flop, your investment can be gone in an instant
- The Bitcoin asset markets are very different and far less secure than regular asset markets
- To be safe, consider your money burned up when you invest. You may not see them again, ever. If you do, they may be twice or half as many.
- If you need help understanding ASICMiner, please don't be afraid to ask. The worst that can happen is that you don't get an answer.

.b

[stripykitteh]

+1 to the above post.

Research. I am still reading through friedcat's posts on here. An education in itself.

The herd is rarely right, so everyone should be asking themselves, is there something the herd has missed?

[conv3rsion]

I'd be really curious to here some methods that people are using to derive their own "fair market value" for AM shares. My method is simply to believe that AM will maintain somewhere between 10% and 30% of total network hashrate for at least the next 18 months AND will also generate some % of income from mining equipment sales, (that of course is much harder to estimate). Playing with possible values here helps me to determine my personal valuation range, even if extremely imprecise. Then there is also the intangible, which in this case is the fact that Friedcat has delivered and the current high share price indicates a belief that he will continue to do so.

[conv3rsion]

The herd is rarely right, so everyone should be asking themselves, is there something the herd has missed?

From what I can tell, a lot of people are currently investing in AM because they are frustrated with BFL and want any option other than buying more GPUs right now. I doubt many (most?) of them have a good idea of how to actually value their shares.

[AMuppInTime]

Well, that's where the equipment sales come in. AM can focus more on selling mining hardware when their hashrate is getting to be too large a percentage of the total network, so they're not even reliant on other vendors rolling out hardware in volume.

^This.

[Lohoris]

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

The live interactive version is here, it updates with new stock prices every 10 minutes or so..  This is just a dev box, so it's a temporary URL:

http://fnords.dontexist.com/chart/ASICMINER-PT

This chart is totally great, but you forgot to state the timezone.

[stripykitteh]

I'd be really curious to here some methods that people are using to derive their own "fair market value" for AM shares. My method is simply to believe that AM will maintain somewhere between 10% and 30% of total network hashrate for at least the next 18 months AND will also generate some % of income from mining equipment sales, (that of course is much harder to estimate). Playing with possible values here helps me to determine my personal valuation range, even if extremely imprecise. Then there is also the intangible, which in this case is the fact that Friedcat has delivered and the current high share price indicates a belief that he will continue to do so.

Yes, I think that your approach is rational. 18 months seems like a realistic timescale on which you might say "even if they face stiff competition, AM still stand to be an important player in mining". Dividends for this era are estimable, plus importantly the estimate can be refined as new data comes in.

After that, things that are harder to measure become more important such as the performance of key personnel in response to the competitors who will inevitably rise. Obviously the ability of Bitfountain to deliver the 2nd generation ASIC will be critical. I do take some comfort from the fact that the Bitfountain founders all appear to be extremely capable, and from my research appear to take a long-term view of things.

The numbers from both of these points are necessarily rubbery at the moment, but it's interesting to play with the numbers and see how things could turn out.

[zeocrash]

I was thinking.
Would it be an idea to set up a blog for ASICMINER.
Just something simple that could be used for publishing friedcat's announcements.

Maybe also announcements from the owners of the various pass-through stocks (TAT, ASICMINER-PT, G.ASICMINER-PT).

The blog wouldn't need to be anything complicated, just a simple wordpress/blogger page.

I'd be happy to set one up if people want and friedcat is OK with this.

Not that this thread isn't awesome, but 290 pages is a lot to wade through.

[ThickAsThieves]

I was thinking.
Would it be an idea to set up a blog for ASICMINER.
Just something simple that could be used for publishing freidcat's announcements.

Maybe also announcements from the owners of the various pass-through stocks (TAT, ASICMINER-PT, G.ASICMINER-PT).

The blog wouldn't need to be anything complicated, just a simple wordpress/blogger page.

I'd be happy to set one up if people want and freidcat is OK with this.

Not that this thread isn't awesome, but 290 pages is a lot to wade through.

I agree that it's a lot to wade through, and I've considered doing something similar, but I have some concerns. First is dealing with DDOS and hack attempts...

[lophie]

I have a couple of really low end VPSes in Germany which I already paid for till next year. Anyone who is up to set the blog up, I could give you one to use.

[zeocrash]

I agree that it's a lot to wade through, and I've considered doing something similar, but I have some concerns. First is dealing with DDOS and hack attempts...

What about just using wordpress's own hosting, would that be DDOS proof.

Also there's a Two factor authentication plugin for wordpress. Blogspot supports tfa too

[muyuu]

Maybe this is not the right place to ask, but do any of you guys have ASICMiner Block Erupter blades?

I'm looking for information on the set-up procedure and cooling solutions.

[SebastianJu]

anyone know a good place to buy these shares from a PT that i have option to withdraw and have them directly to me?
any PT has that option you guys might know of? im looking to buy some more shares but i want them direct,

thanks

Check out the last link in my sig for a comparision of the possibilities you have here...