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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3917020 times)
runeks
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May 27, 2013, 12:12:53 PM
 #5981

I created a chart that tracks how many bitcoins ASICMiner has solo mined since the last reward payout.

This should help to give an idea of the size of the dividend payout. This only tracks solo mining! It doesn't try to derive the mined BTC amount from the various pool hash rates.

The data updates every time an ASICMiner block is found.

Here's the site: http://runeks.dk/bitcoin/

And the chart:

So currently we are at 0.00426777 BTC solo mined per ASICMiner share (400,000 shares).
BeeCoin
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May 27, 2013, 12:40:38 PM
 #5982

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?
Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.

Rampion
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May 27, 2013, 01:01:04 PM
 #5983

If AM can maintain at least 10% of coin generation in the next 15 years, don't you find it a bit puzzle that a company is worth 10% of the total currency itself (of course, minus coins generated before AM era).

This is why ASIC technology may pose a threat to BTC decentralization, this topic has been thoroughly discussed on these forums. ASICMINER is acting with BTC's best interest at heart by limiting their own share of hashrate, but what if they (or another player) do not do this and a single player reaches +51%?

Logic says that decentralization is necessary for BTC to hold its value, and thus the players would auto-regulate themselves not to destroy their own investment.

Au contraire, history says that greed normally overtakes logic.

I guess only time will tell, if BTC is able to beat the centralization threat posed by private companies developing their own ASIC it will be for sure a great victory.

Mausini
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May 27, 2013, 01:10:59 PM
 #5984

If AM can maintain at least 10% of coin generation in the next 15 years, don't you find it a bit puzzle that a company is worth 10% of the total currency itself (of course, minus coins generated before AM era).

This is why ASIC technology may pose a threat to BTC decentralization, this topic has been thoroughly discussed on these forums. ASICMINER is acting with BTC's best interest at heart by limiting their own share of hashrate, but what if they (or another player) do not do this and a single player reaches +51%?

Logic says that decentralization is necessary for BTC to hold its value, and thus the players would auto-regulate themselves not to destroy their own investment.

Au contraire, history says that greed normally overtakes logic.

I guess only time will tell, if BTC is able to beat the centralization threat posed by private companies developing their own ASIC it will be for sure a great victory.

seriously? again?
circuitry
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May 27, 2013, 01:38:33 PM
 #5985


this topic has been thoroughly discussed on these forums.

Exactly. Please stop with the useless, boring, non-constructive 51% FUD and move on.
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May 27, 2013, 01:43:53 PM
 #5986


this topic has been thoroughly discussed on these forums.

Exactly. Please stop with the useless, boring, non-constructive 51% FUD and move on.

I think the only non-constructive post is yours. I was politely replying to romerun's question. The FUD is nowhere to be seen.

g83
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May 27, 2013, 01:55:50 PM
 #5987

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?
Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.



how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...
CanadianGuy
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May 27, 2013, 03:07:41 PM
 #5988

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?
Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.



how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

2000 out of 18,000.  I would be constantly selling too..
ThickAsThieves
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May 27, 2013, 03:27:35 PM
 #5989

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?
Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.



how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

2000 out of 18,000.  I would be constantly selling too..

You aren't grasping how a passthrough works. The great majority of shares in G.ASICMINER are already "sold", DT just holds onto the direct shares on behalf of the people who bought them.
DeaDTerra
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May 27, 2013, 04:02:16 PM
 #5990

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?
Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.



how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

2000 out of 18,000.  I would be constantly selling too..

You aren't grasping how a passthrough works. The great majority of shares in G.ASICMINER are already "sold", DT just holds onto the direct shares on behalf of the people who bought them.
To clarify,
People deposit/withdraw the shares back and forth into the PT.
I do not sell nor buy any shares for other then personal ownership.
As you can move shares back and forth there is no need to introduce/sell new shares to expand the PT share base.
The reason why I sold roughly 5000 Shares over the last couple of months is due to that I am liquidating the Gamma Bitcoin Funds position to make payouts to the investors before closing the fund.
I did not sell because I had some inside info or such, in fact I am quite bullish on AM.
//DeaDTerra
Adrian-x
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May 27, 2013, 04:09:59 PM
 #5991

I have a quick question.
What is AM hashing power per share?

MH/s per share =
Thanks.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
MikkisJ
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May 27, 2013, 04:40:13 PM
 #5992

I have a quick question.
What is AM hashing power per share?

MH/s per share =
Thanks.

http://www.asicminercharts.com/live/
https://bitcointalk.org/index.php?topic=99497.0

You do the math.
Adrian-x
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May 27, 2013, 04:41:58 PM
 #5993

I have a quick question.
What is AM hashing power per share?

MH/s per share =
Thanks.

http://www.asicminercharts.com/live/
https://bitcointalk.org/index.php?topic=99497.0

You do the math.

Thanks

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
michaelGedi
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May 27, 2013, 04:53:05 PM
 #5994

gosh, between epic discussions on 51% attacks, lovingly un-researched questions and a quick touch on the USD ebay price of usb sticks and a bit of deadterra FUD this has made some very very interesting catch up reading the last hour.

I know this has been touched on before, but what about a dedicated AM subforum? I dread to think how this thread is going to play out if AM shares hit a period of large volatility, or AM expands their business model etc...

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SmiGueL
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May 27, 2013, 05:08:53 PM
Last edit: May 28, 2013, 11:43:34 AM by SmiGueL
 #5995


Keep in mind that the hashrate from BitMinter went down from 6 TH/s to 0 TH/s today.
If that's because those blades are solomining now, then that should be visible in the charts in about 24h-48h. (The hashrate will then be back @ 22 - 24 TH/s)

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
Adrian-x
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May 27, 2013, 07:24:57 PM
 #5996

@ SmiGueL thanks you (nice signature).
____

Please correct my maths / understanding and forgive any stupid questions?   

Infrastructure costs, maintenance costs, labour costs, and R&D costs are deducted the profits.
Revenue is generated by Mining (24TH/s) and sales of Bitcoin ASIC hardware.
Profits are distributed to the 400,000 issued shares.
Is the above correct?

Each share today is generating about 60MH/s* + (profits from hardware sales)
AM are in R&D stage of a new chip to grow there hashing power?

*(24TH/s = 24000000MH/s / 400,000shares = 60MH/s per share)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
runeks
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May 27, 2013, 07:30:56 PM
 #5997

Two blocks in a row from solo mining:

https://blockchain.info/block-index/387168/00000000000000fbcf68dd2fc3ab84334dec8d40284600423274155e22b70925
https://blockchain.info/block-index/386770/000000000000007801ab0c816283ecd6ec28c5a9b3f6fdef0d51cd069dad49f0

We're on a roll!
tkone
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May 27, 2013, 08:49:11 PM
 #5998


WOOO HOOO GOO ASICMINER

and also now usb miners minimum is 50!!!!
WOOHOO MORE ORDERS MORE PROFITS MORE DIVIDENDZZZZZ!!!!

ASICMINER IS THE FUTURE!!!!

SOON TO BE BILLIONAIRES CLUB PLEASE SIGN IN!!!!

freedomno1
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May 27, 2013, 09:34:49 PM
 #5999


I know this has been touched on before, but what about a dedicated AM subforum? I dread to think how this thread is going to play out if AM shares hit a period of large volatility, or AM expands their business model etc...


Now there's a question I haven't seen a status report in a while on also curious on the status of those sub-forms

Believing in Bitcoins and it's ability to change the world
lophie
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May 27, 2013, 09:56:13 PM
 #6000


WOOO HOOO GOO ASICMINER

and also now usb miners minimum is 50!!!!
WOOHOO MORE ORDERS MORE PROFITS MORE DIVIDENDZZZZZ!!!!

ASICMINER IS THE FUTURE!!!!

SOON TO BE BILLIONAIRES CLUB PLEASE SIGN IN!!!!

Chill shill man -_-!

Will take me a while to climb up again, But where is a will, there is a way...
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