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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 2888465 times)
kibblesnbits
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June 04, 2013, 01:32:26 AM
 #6421

you can get friedcat to confirm it to you in an email.
Alternatively you could always buy passthrough shares from bitfunder or btct.

Friedcat seems to do everything himself. I worry what would happen if he got hit by a truck tomorrow and ended in a coma or worse a graveyard. Does he have people who can then take over the operation smoothlessly?

I'm hoping that Friedcat is like Tyler Durden at ZeroHedge.com.   

A fictional character at a website about a market of fictions?

No, like a group of people acting as one person.  I'm hoping for at least 1/2 a dozen friedcats.

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June 04, 2013, 02:40:42 AM
 #6422

you can get friedcat to confirm it to you in an email.
Alternatively you could always buy passthrough shares from bitfunder or btct.

Friedcat seems to do everything himself. I worry what would happen if he got hit by a truck tomorrow and ended in a coma or worse a graveyard. Does he have people who can then take over the operation smoothlessly?

I'm hoping that Friedcat is like Tyler Durden at ZeroHedge.com.   

A fictional character at a website about a market of fictions?

No, like a group of people acting as one person.  I'm hoping for at least 1/2 a dozen friedcats.

Like Satoshi himself?  Shocked
CanadianGuy
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June 04, 2013, 02:44:54 AM
 #6423

cats have 9 lives so it only makes sense that friedcat is a team of 9 people.  duh.
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June 04, 2013, 02:57:06 AM
 #6424

cats have 9 lives so it only makes sense that friedcat is a team of 9 people.  duh.

I dunno, a fried cat sounds like at least one life has already been lost.

R.I.P. BTC Guild, 2011 - 2015.
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June 04, 2013, 03:12:30 AM
 #6425

you can get friedcat to confirm it to you in an email.
Alternatively you could always buy passthrough shares from bitfunder or btct.

Friedcat seems to do everything himself. I worry what would happen if he got hit by a truck tomorrow and ended in a coma or worse a graveyard. Does he have people who can then take over the operation smoothlessly?

I think for a multi-million business like ASICMINER...they should have a back up plan.......ASICMINER is not one person business, it is impossible for one man to dealing with everything in this level...

But this multi-million company does not have a website and likely didn't even buy the domains asicminer.com/net in time, so all my love for AM appart, I wouldn't assume anything that one could assume from a "usual" multi-million company...

As long as ASICMINER mining around 20% of Btc and they pay out dividends, I do not really care about whether it owns the domains asicminer.com/net  or not...Additionally, Some scams have very professional website and 24/HR customer hotline...
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June 04, 2013, 03:41:54 AM
 #6426

Yes, seriously this is actually pretty hilarious:

WHICH WEBSITE IS THE LEGIT ASIC COMPANY AND WHICH IS THE TOTAL SCAM?

https://cryoniks.com

http://www.bitfountain.com

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June 04, 2013, 04:06:51 AM
 #6427

Is there a site or post somewhere that shows the total that has been paid in dividends and at what point dividends exceeded .1 btc / share?
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June 04, 2013, 04:10:47 AM
 #6428

Is there a site or post somewhere that shows the total that has been paid in dividends and at what point dividends exceeded .1 btc / share?

A bit of shameless promotion
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June 04, 2013, 05:50:58 AM
 #6429

Is there a site or post somewhere that shows the total that has been paid in dividends and at what point dividends exceeded .1 btc / share?

A bit of shameless promotion

You sir are a rock star.  Thank you.
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June 04, 2013, 12:58:28 PM
 #6430

Lets get back on this topic...

The number of shares held by the public... looking through the blockchain at satoshi transactions I can only account for 64,469 shares... where are the others?  Did I miss some? Are some shares not handled the same way as these? Did friedcat buy back some shares and we have yet to discover this?  Were there never actually more then this many shares sold and we were wrong all along?

Info taken from transactions on 5/29/2013 such as this transaction https://blockchain.info/tx/2f161bac1ef4c5dc09168de36a7c7c80a7d0ac236ec1e29a25c825d5c3a6ed7e and the other 5 like it (total of 6).

https://docs.google.com/spreadsheet/ccc?key=0Am3MH7b0EM3adG56N1VzZzdtNXRZSkdOOXcxbGx0TXc&usp=sharing

Some basic information... From what I know all public holders of shares are paid one satoshi per share before dividends from 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF.  By looking at all transactions from that address on a dividend day, I should be able to account for all publicly held shares and figure out what addresses own how many shares and track movement.  PT shares derive through publicly held shares (often called direct shares) so even though some people would not be represented here themselves... the PT should be listed and the pt share holders will be under that.  TAT confirmed his address was already listed here in my sheet.

Are my assumptions wrong?  Did I fuck up and miss a transaction in this spreadsheet?  Is YOUR dividend address listed? Or.. is something else going on.  If everyone reading this thread just checked to see if they see their address listed in my spreadsheet, we could quickly figure out if the mistake is on my end (which i assume is the case)...  If you do NOT see yours listed... link me to the transaction that includes your satoshies for 5/29.

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June 04, 2013, 01:23:15 PM
 #6431

Lets get back on this topic...

The number of shares held by the public... looking through the blockchain at satoshi transactions I can only account for 64,469 shares... where are the others?  Did I miss some? Are some shares not handled the same way as these? Did friedcat buy back some shares and we have yet to discover this?  Were there never actually more then this many shares sold and we were wrong all along?

Info taken from transactions on 5/29/2013 such as this transaction https://blockchain.info/tx/2f161bac1ef4c5dc09168de36a7c7c80a7d0ac236ec1e29a25c825d5c3a6ed7e and the other 5 like it (total of 6).

https://docs.google.com/spreadsheet/ccc?key=0Am3MH7b0EM3adG56N1VzZzdtNXRZSkdOOXcxbGx0TXc&usp=sharing

Some basic information... From what I know all public holders of shares are paid one satoshi per share before dividends from 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF.  By looking at all transactions from that address on a dividend day, I should be able to account for all publicly held shares and figure out what addresses own how many shares and track movement.  PT shares derive through publicly held shares (often called direct shares) so even though some people would not be represented here themselves... the PT should be listed and the pt share holders will be under that.  TAT confirmed his address was already listed here in my sheet.

Are my assumptions wrong?  Did I fuck up and miss a transaction in this spreadsheet?  Is YOUR dividend address listed? Or.. is something else going on.  If everyone reading this thread just checked to see if they see their address listed in my spreadsheet, we could quickly figure out if the mistake is on my end (which i assume is the case)...  If you do NOT see yours listed... link me to the transaction that includes your satoshies for 5/29.

try to use actual dividend payments, not satoshis.
stripykitteh
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June 04, 2013, 01:52:54 PM
 #6432

Is YOUR dividend address listed?

Mine is there.
ianp
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June 04, 2013, 02:20:11 PM
 #6433


Its a fansite and it hasn't been updated since a month.. (just like the charts on the last tab, also not my website)


I don't want to derail the current discussion started by aahzmundus, but I have a quick question.

I"m curious how you derive the hashrate on your site (which is amazing, by the way.)

I have no interest in doing this myself, I'm just curious how it works. Is it some sort of factor of difficulty and blocks per hour?

Ian

Edit -- Nevermind, I found a good explanation here: https://en.bitcoin.it/wiki/Difficulty

5-Day ASICMINER Hashing Chart

14ijj51xWNaV1sBwrBGkjudVZpwHTNeppG
daemondazz
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June 04, 2013, 02:22:00 PM
 #6434

What is the red box under each transaction showing? Is it the difference between the input and the output excluding change, in which case, adding those up comes to about 384k?

--==[ Australian Low-Rate Friendly P2Pool Backed Mining Pool ]==--
Computers, Amateur Radio, Electronics, Aviation - 1dazzrAbMqNu6cUwh2dtYckNygG7jKs8S
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June 04, 2013, 02:44:13 PM
 #6435

Are my assumptions wrong?  Did I fuck up and miss a transaction in this spreadsheet? 

Friedcat would probably not send dividend confirmations for any shares owned by either ASICMiner or BitFountain. I mean, why would he (they)?
aahzmundus
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June 04, 2013, 02:49:35 PM
 #6436

Are my assumptions wrong?  Did I fuck up and miss a transaction in this spreadsheet? 

Friedcat would probably not send dividend confirmations for any shares owned by either ASICMiner or BitFountain. I mean, why would he (they)?

I agree, but currently we are under the impression that 400,000 shares exist, and >160,000 but <200,000 are in "public" hands.  I know someone knows the real number of shares held publicly... but I am trying to verify it.

Whatever way you slice it... I should be able to account for more then 64,469 shares, and yet I am unable.

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June 04, 2013, 02:53:03 PM
 #6437

Assuming your computations are correct, we could do this every weeks. Maybe it would make it clear that AM is steadily buying back shares or any other surprising fact.

EDIT: 100th post!!  Cool

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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June 04, 2013, 03:00:13 PM
 #6438

At least missing the 21516 that BTC Trading Co claims they have. That's a good place to start.

Not to mention all the TAT shares they have.
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June 04, 2013, 03:10:15 PM
 #6439

Sorry, I don't have the time to explain which transactions I was counting, but with 64 469 shares you're definitely missing something^^

Hope you'll find time to elaborate.

Not to mention all the TAT shares they have.

TAT already mentionned his address was in the listing.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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June 04, 2013, 03:10:25 PM
 #6440

At least missing the 21516 that BTC Trading Co claims they have. That's a good place to start.

Not to mention all the TAT shares they have.

Mine are in there, as I mentioned earlier. I expect that all of Burnside's and DeadTerra's are in there as well.

There are only two likely answers:

1. There is a pool of shareholders that are paid from a 2nd address.
2. Bitfountain/AM have bought back shares.

If #2 is true, this changes the whole outlook for the current market price, meaning that most of the public shares are already in circulation on the passthroughs, and that there are very few "direct" shares left to buy. If this is true, it would be great for price stability, and possibly lead to an increase in value for all shares.

This is something I would love to hear Friedcat chime in on.

On that note, I think someone should compile a list of FAQ from shareholders that have gone unanswered. This list should be have no more than 3 questions at a time, and be posted in some kind of clear, concise way here, and in a pm to Friedcat. We should not waste his time with bullshit requests, but real relevant questions would be nice.

Discuss!
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