thecodyshow
Newbie
Offline
Activity: 30
Merit: 0
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June 13, 2013, 04:40:39 PM |
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bitfunder is always paying out 1 - 2 days later...
if thats the case i cant believe bitfunder prices are cheaper than btct right now since you are also snagging this weeks dividend if you buy. Usually prices are pretty darn close!
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g83
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June 13, 2013, 04:41:59 PM |
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then go and buy some more as fast as you can :-)
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thecodyshow
Newbie
Offline
Activity: 30
Merit: 0
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June 13, 2013, 04:50:04 PM |
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then go and buy some more as fast as you can :-)
waiting for the darn 6 confirmations like usual lol. hopefully I make it in time!
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Factory
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June 13, 2013, 05:11:13 PM |
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OFFICIAL RESPONSE FROM FRIEDCAT
They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now.
Thank you TAT for including this question to ask FC. As I stated earlier in this thread, I believe 2nd generation chips are going to be a major catalyst for the company. This is much sooner than I was expecting to hear. Conservatively, I think it makes sense to anticipate them within the first fiscal quarter of 2014. That is still way ahead of any previous projections. For one, these improved chips will help perpetuate hardware sales in the future. Many of us estimated that USB and blade sales would slowly diminish and that income from sales would drastically drop off eventually. Second, 2nd generation chips will help ASICMINER maintain a certain portion of the network in the future. Chips with highly improved efficiency will mean less space, less electricity, and an overall reduction in costs. This will help the company battle the law of large numbers as it continues to expand mining efforts.
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Aureum_Coffee
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June 13, 2013, 05:14:17 PM |
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If China were to crack down on the fabrication of mining equipment that would affect everyone. Avalon also has their chips built in Shenzen and BFL's chips surely aren't Made in the USA TM. It might even make mining with GPU's lucrative again if ASICMINER weren't around anymore and Avalon and BFL and all the other ASIC companies couldn't source their chips from China. But I don't see that happening. So I'm not worried about it. FYI. Avalon chips are built by TSMC.
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Smidge
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June 13, 2013, 05:17:45 PM |
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Shares at 2.7 now. Very nice
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BTC: 19dB148YewttZRVwF7WF8ZuT7uqnnjibkC LTC: LPBi1LPqs1MY1tQKQ4wGG6gjwrcszFek6s
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boyohi
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June 13, 2013, 05:27:54 PM |
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Friedcat,
A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.
I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!
If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.
Thank you so much for your consideration, here are the questions:
1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?
2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?
3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER? OFFICIAL RESPONSE FROM FRIEDCATHi ThickAsThieves, 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. 2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures. 3. The access to company wallet is backed up and we back up shareholder information frequently. Also the division of work in Bitfountain is not yet so refined that there are no replaceable positions. We have already left our startup stage so it's become more organized, therefore backup employees are becoming more important and in our range of plan. Best regards, friedcat great news from friedcat. Cat Rich or Fry Trying
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EskimoBob
Legendary
Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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June 13, 2013, 06:00:25 PM |
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Maybe it's time for ASICMINER financial statements? Profit and loss statement, balance sheet and cash flow statement will do. This will save us all from later surprises and we can actually find out, what we invested our coin to Cheers and keep up the excellent work.
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While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
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canth
Legendary
Offline
Activity: 1442
Merit: 1001
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June 13, 2013, 06:02:01 PM |
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...
hey bear prices wont go down again. we get it BFL went from imaginary to a single board shipped poorly. Still not even on our competition radar.
I don't disagree that BFL isn't an immediate concern. FYI, I'm not bearish - I'm long on the stock, just like most of us. I rather hope it'll take a dip so I could buy some more, but with the way they've been executing that doesn't seem likely.
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hammurabi
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June 13, 2013, 06:14:58 PM |
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hey bear prices wont go down again. we get it BFL went from imaginary to a single board shipped poorly. Still not even on our competition radar. [joke] Even wonder why first unit has 1337 as serial number?! Former 1336 units won't even boot
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BTC: 1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY LTC: LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
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Maciek
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June 13, 2013, 06:53:04 PM Last edit: June 13, 2013, 07:27:48 PM by Maciek |
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I'm interested in buying ASIC BLADE 12gh/s for 49.99 BTC and I'm waiting 5th day with no reply. I'm a shareholder too... EDIT: I wrote with a small and polite question to DeaDTerra and ThickAsThieves. As I consider them big and important shareholders... I know that friedcat & team are busy. But there are some customers waiting to pay you, guys
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saveawedge
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June 13, 2013, 06:58:09 PM |
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I'm interested in buying ASIC BLADE 12gh/s for 49.99 BTC and I'm waiting 5th day with no reply. I'm a shareholder too... There seems to be a lot of reports like this. It seems very strange - friedcat and team have excelled in every other area; they have been quick to update us with information, and from my experience, share transfers have been exceptionally fast. I wonder why they are taking such time getting back to potential customers?
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kokojie
Legendary
Offline
Activity: 1806
Merit: 1003
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June 13, 2013, 07:28:24 PM |
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BTC3 here we come
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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talnted
Full Member
Offline
Activity: 236
Merit: 100
www.bitcoingem.com
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June 13, 2013, 07:34:17 PM |
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Friedcat,
A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.
I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!
If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.
Thank you so much for your consideration, here are the questions:
1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?
2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?
3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER? OFFICIAL RESPONSE FROM FRIEDCATHi ThickAsThieves, 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. 2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures. 3. The access to company wallet is backed up and we back up shareholder information frequently. Also the division of work in Bitfountain is not yet so refined that there are no replaceable positions. We have already left our startup stage so it's become more organized, therefore backup employees are becoming more important and in our range of plan. Best regards, friedcat Awesome job at organizing this TAT, and excellent news from Friedcat!
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Over 800+ BTC Paid Out! 1110+ Buyers of the Gem!
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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June 13, 2013, 07:47:06 PM |
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The interest in ASICMiner options still seems pretty limited, so I wanted to restate this offer here:
I will immediately purchase ASICMiner puts expiring in 90 days, with a strike of 1.8BTC, and a premium of 0.14BTC. BTCT preferred.
3 BTC limit.
With the share price near 2.75, I think you'll find this is a pretty attractive bargain.
(If you have to ask what a put is, please do not sell any to me! Valuing options is very difficult)
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 13, 2013, 07:59:44 PM |
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To be honest it's like watching a dam burst no idea when the flow stops
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Believing in Bitcoins and it's ability to change the world
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Fabrizio89
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June 13, 2013, 08:29:45 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 13, 2013, 08:32:42 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back
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Believing in Bitcoins and it's ability to change the world
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Ozymandias
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June 13, 2013, 08:38:20 PM |
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I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back I think he was talking about a "transfer fee" of 1-1.5% per transfer
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ThickAsThieves
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June 13, 2013, 08:38:52 PM |
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Friedcat,
A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.
I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!
If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.
Thank you so much for your consideration, here are the questions:
1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?
2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?
3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER? OFFICIAL RESPONSE FROM FRIEDCATHi ThickAsThieves, 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. 2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures. 3. The access to company wallet is backed up and we back up shareholder information frequently. Also the division of work in Bitfountain is not yet so refined that there are no replaceable positions. We have already left our startup stage so it's become more organized, therefore backup employees are becoming more important and in our range of plan. Best regards, friedcat Awesome job at organizing this TAT, and excellent news from Friedcat! My pleasure but I want to make sure the other 3 guys get credit too. VJain, ianp, and Franktank handled most of the work gathering questions and making the poll, while I did some editing and pm'd Friedcat. Together we formed Voltron. (cat reference!) Our next plan is to update the poll with a few more questions and let it run for a few more weeks before bothering Friedcat again
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