ASICMINER: Entering the Future of ASIC Mining by Inventing It

[eltopo]

I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!

[jgalt]

Gotta love dividends

[Luckybit]

what if you live dividend to dividend and a delay in confirmations means no funds for rent.

I suggest living Friday to Friday then, and diversifying a bit. Surely, no one lives week to week on the dividends, unless they are beyond messed up...

What if they live in a developing country?

[Lohoris]

what if you live dividend to dividend and a delay in confirmations means no funds for rent.

I suggest living Friday to Friday then, and diversifying a bit. Surely, no one lives week to week on the dividends, unless they are beyond messed up...

What if they live in a developing country?

It doesn't matter how much you earn or need or spend.
The whole point is that you should be able to save at least "one cycle" of money, as a fallback in case the next cycle gets delayed.

So if you live off your dividends, fine, but you should save at least one week of them, to be used in case next week comes later.
That's so obvious and natural I fail to see how can you miss it.

[Luckybit]

what if you live dividend to dividend and a delay in confirmations means no funds for rent.

I suggest living Friday to Friday then, and diversifying a bit. Surely, no one lives week to week on the dividends, unless they are beyond messed up...

What if they live in a developing country?

It doesn't matter how much you earn or need or spend.
The whole point is that you should be able to save at least "one cycle" of money, as a fallback in case the next cycle gets delayed.

So if you live off your dividends, fine, but you should save at least one week of them, to be used in case next week comes later.
That's so obvious and natural I fail to see how can you miss it.

What if you cannot afford to do that? What if your electric bill has to be paid?

[binaryFate]

Ahaha, you guys are arguing about how to live out of dividends, what a hard life huh?! 

[freedomno1]

Ahaha, you guys are arguing about how to live out of dividends, what a hard life huh?! 

Just shows how much we love ASIC and friedcat to even have the dream of such

[SmiGueL]

[BigPic]

Quickly becoming an iconic picture. SmiGuel, you should print some T-shirts with this and we can all wear them at the annual shareholders party.

link

Very nice, taking a profit of someone else's work  

nah I just mocked that up real quick mostly as a joke, didn't actually order any or anything. Cafepress is just a site where anyone can create a tshirt design. I don't own it, and I'm not selling them.

Oh, Of course it's no problem if you or anybody else is buying a t-shirt with that picture on it

The point I wanted to make is that I don't like it when you sell the shirts and making a profit of somebody else's work
_{*That's at least what the site sais: "You earn a royalty for each product sold!"}

O_O who made the original T-Shirt image

Me, first post here

[freedomno1]

[BigPic]

Quickly becoming an iconic picture. SmiGuel, you should print some T-shirts with this and we can all wear them at the annual shareholders party.

link

Very nice, taking a profit of someone else's work  

nah I just mocked that up real quick mostly as a joke, didn't actually order any or anything. Cafepress is just a site where anyone can create a tshirt design. I don't own it, and I'm not selling them.

Oh, It's no problem if you or anybody else is buying a t-shirt with that picture on it

The point I wanted to make is that I don't like it when you sell the shirts and making a profit of somebody else's work
_{*That's at least what the site sais: "You earn a royalty for each product sold!"}

O_O who made the original T-Shirt image
And I'll take a medium/large hehe

Me, first post here

So that was Josh in the middle hehe and it is worthy of wearing to a shareholders meeting
That or the frying pan fried cat (Known as the Cat signal) lol jokingly and affectionately of course

[tinus42]

I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!

I saw my address. Amazing that there are only 428 shareholders and only 30 guys who have only a single direct share, me included.

[SmiGueL]

I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!

I saw my address. Amazing that there are only 428 shareholders and only 30 guys who have only a single direct share, me included.

There are 1076 shares left/missing in this sheet, so technically there could be 1100+ shareholders with just 1 share

[Lohoris]

It doesn't matter how much you earn or need or spend.
The whole point is that you should be able to save at least "one cycle" of money, as a fallback in case the next cycle gets delayed.

So if you live off your dividends, fine, but you should save at least one week of them, to be used in case next week comes later.
That's so obvious and natural I fail to see how can you miss it.

What if you cannot afford to do that? What if your electric bill has to be paid?

If you have exhausted your reserves, you have already fucked up.
No point in crying about a delayed dividend, you should have acted sooner.

By the way, if you really have such an urgency, you can still sell 1 share, which is definitely worth more than 1 dividend, pay your bills, replenish your reserve, and you'll buy it back when you can.

[fiaskow]

I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!

I saw my address. Amazing that there are only 428 shareholders and only 30 guys who have only a single direct share, me included.

There are 1076 shares left/missing in this sheet, so technically there could be 1100+ shareholders with just 1 share

And there are obviously some owners via PT shares, like me.

[eltopo]

And there are obviously some owners via PT shares, like me.

There are only direct shareholders listed.

The direct shares from the PT operators should of course be included.

[romerun]

I  just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).

The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.

Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.

If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.

This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

[philipma1957]

I  just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).

The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.

Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.

If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.

This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

Flaw is bfl has yet to prove they can build a working single no less ship it quickly.

 As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012.  That is 14 days of back orders in 1 day. At this pace BFL will be caught  up to June of this year in about 25 to 30 days.  

 I ask again when BFL is selling a 5GH machine for 2.5 BTC  with a 1 week wait what is AM's counter plan. As of today AM's  blade is 30BTC for 10GH.  AM's usb stick is  60BTC for 10Gh

LINK to current Jalley status

https://forums.butterflylabs.com/content/136-wednesday-6-5-2012.html    


   I am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.

I am asking for AM to make a hardware move . Or an announcement.  I will post BFL jally updates each day.  Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build  1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers.

[romerun]

no doubt, BFL is no go, Avalon is shady, at this point Bitfury and Kncminer are the only threat to AM wealth.

[michaelGedi]

I  just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).

The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.

Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.

If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.

This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

Flaw is bfl has yet to prove they can build a working single no less ship it quickly.

 As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012.  That is 14 days of back orders in 1 day. At this pace BFL will be caught  up to June of this year in about 25 to 30 days.  

 I ask again when BFL is selling a 5GH machine for 2.5 BTC  with a 1 week wait what is AM's counter plan. As of today AM's  blade is 30BTC for 10GH.  AM's usb stick is  60BTC for 10Gh

LINK to current Jalley status

https://forums.butterflylabs.com/content/136-wednesday-6-5-2012.html    


   I am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.

I am asking for AM to make a hardware move . Or an announcement.  I will post BFL jally updates each day.  Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build  1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers.

you're asking in the wrong place, none of us know the answer... but thanks for bringing it up.

Send franktank a PM in order to get this question added to the FAQ that he/TAT etc will be sending to friedcat

[miTgiB]

what if you live dividend to dividend and a delay in confirmations means no funds for rent.

You should adjust your life to cope with this.  Living paycheck to paycheck with no emergency fund is not very sound.  You could have sold a share or two if this was really such a problem.

[kibblesnbits]

what if you live dividend to dividend and a delay in confirmations means no funds for rent.

You should adjust your life to cope with this.  Living paycheck to paycheck with no emergency fund is not very sound.  You could have sold a share or two if this was really such a problem.

Enough with the fodder.