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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3917021 times)
Eric Muyser
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June 09, 2013, 12:41:03 AM
 #6841

Can we please get an official statement from friedcat regarding the asicminer developments highlighted in this video?

http://www.youtube.com/watch?v=MUsaSCRdtYI

That's unreal

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
rudrigorc2
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June 09, 2013, 12:48:35 AM
 #6842

Sick, thanks for posting.  Cool
Faraday
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June 09, 2013, 07:42:29 AM
 #6843

Apologies in advance if I shouldn't post this here, but it may be of interest to some of you.

I am selling 50 direct shares at the low price of 2.4 btc each. (Buyer must take all 50). Here is my thread: https://bitcointalk.org/index.php?topic=229822.0

The only reason I am selling so cheap as I am after a quick sale! Thanks.
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June 09, 2013, 07:52:01 AM
 #6844

400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

<yes I am evil I brought up BTC speculation into this thread.>  Grin

Will take me a while to climb up again, But where is a will, there is a way...
JimiQ84
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June 09, 2013, 08:01:47 AM
 #6845

400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

<yes I am evil I brought up BTC speculation into this thread.>  Grin

but, in the meantime, USB miners are for less than $200 Cheesy people should buy them while they're cheap
freedomno1
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June 09, 2013, 08:02:39 AM
 #6846

400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

<yes I am evil I brought up BTC speculation into this thread.>  Grin

but, in the meantime, USB miners are for less than $200 Cheesy people should buy them while they're cheap

He-he that is also true

Believing in Bitcoins and it's ability to change the world
lophie
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June 09, 2013, 08:05:46 AM
 #6847

Isn't this raising the cost of electricity and management per BTC which means less div this week?

Will take me a while to climb up again, But where is a will, there is a way...
freedomno1
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June 09, 2013, 08:14:02 AM
 #6848

Isn't this raising the cost of electricity and management per BTC which means less div this week?

I believe that is factored into the google doc as it assumes 5% for Electrical and other costs

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

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stripykitteh
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June 09, 2013, 08:19:29 AM
 #6849

Isn't this raising the cost of electricity and management per BTC which means less div this week?

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?

 
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Lohoris
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June 09, 2013, 08:22:45 AM
 #6850

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
DefaultTrust is very BAD.
lophie
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June 09, 2013, 08:28:03 AM
 #6851

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


If I spend 5% on electricity and management fees and that covers volatility of Bitcoin price in the range of 5%-15% then it is okay. But when the price plummets from $120 - $90 that means it went down 20%+ which means I would have to sell more BTC to cover the expenses.

the BTCUSD rate is ALWAYS relevant. The effect was just way minimal unless a big swing like what is happening nowadays occurs.

<Edit: Just noticed you were quoting someone else and not responding to me. Sorry for being an idiot. In the response you are totally right IMO>

Will take me a while to climb up again, But where is a will, there is a way...
stripykitteh
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June 09, 2013, 08:28:52 AM
 #6852

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


No, if you are long on btc it's clearly a bargain.

 
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JimiQ84
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June 09, 2013, 08:34:53 AM
 #6853

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


it's little bit relevant as BFL sells asics priced in USD, electricity is in USD and GPUs are in USD
Lohoris
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June 09, 2013, 08:53:59 AM
 #6854

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


No, if you are long on btc it's clearly a bargain.
No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.

1LohorisJie8bGGG7X4dCS9MAVsTEbzrhu
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Fabrizio89
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June 09, 2013, 10:50:39 AM
 #6855

The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/
freedomno1
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June 09, 2013, 10:57:01 AM
 #6856

The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/

Wonder if the market is going the right way and going to be a busy day from a trading view
And you'll succeed Fab I believe in you Smiley

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June 09, 2013, 11:43:02 AM
 #6857

Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price
Transisto
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June 09, 2013, 12:48:27 PM
 #6858

Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price
Price is the same on both exchanges 2.3 vs 2.315

If it's not, someone will grab a profit to make sure it is.  
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June 09, 2013, 12:54:28 PM
 #6859

Lophie is back again with the weird connections and questions.  Grin

Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_BTC?

<Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health>

Will take me a while to climb up again, But where is a will, there is a way...
bobboooiie
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June 09, 2013, 01:05:41 PM
 #6860

Lophie is back again with the weird connections and questions.  Grin

Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_BTC?

<Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health>

Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit
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