Bitcoin Forum
October 05, 2022, 02:45:21 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 [425] 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914431 times)
canth
Legendary
*
Offline Offline

Activity: 1442
Merit: 1001



View Profile
June 26, 2013, 01:39:45 PM
 #8481

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

2BTC in less than two months Smiley

I, for one, welcomed the BTC3.4 wall, as I was starting to get uncomfortable with the % of my portfolio invested in AM.

+1 to both of the above. If it keeps rising 1BTC every month for the next few months, then large shareholders will be practically forced to sell significant portions. They'd be crazy not to with a bubble like that, no matter what the future may hold for AM. Steady reasonable growth based upon mining results and hardware sales are what I'd like to see, personally.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1664937921
Hero Member
*
Offline Offline

Posts: 1664937921

View Profile Personal Message (Offline)

Ignore
1664937921
Reply with quote  #2

1664937921
Report to moderator
1664937921
Hero Member
*
Offline Offline

Posts: 1664937921

View Profile Personal Message (Offline)

Ignore
1664937921
Reply with quote  #2

1664937921
Report to moderator
1664937921
Hero Member
*
Offline Offline

Posts: 1664937921

View Profile Personal Message (Offline)

Ignore
1664937921
Reply with quote  #2

1664937921
Report to moderator
ianp
Full Member
***
Offline Offline

Activity: 294
Merit: 100


View Profile
June 26, 2013, 01:41:24 PM
 #8482

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9


Please note: Voting has NOT closed! You can (and should) still vote!
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 26, 2013, 01:57:22 PM
 #8483

Guys, we need to ground ourselves.

You do not want the price just going up constantly. No matter how good it feels to just watch your investment inflate, every bubble pops in the end.

The stock has risen 1BTC in like 2 weeks, be happy!

Start thinking of ways to protect your investment, diversify, etc. Or hell, (no offense intended), do something productive yourself!

2BTC in less than two months Smiley

I, for one, welcomed the BTC3.4 wall, as I was starting to get uncomfortable with the % of my portfolio invested in AM.

+1 to both of the above. If it keeps rising 1BTC every month for the next few months, then large shareholders will be practically forced to sell significant portions. They'd be crazy not to with a bubble like that, no matter what the future may hold for AM. Steady reasonable growth based upon mining results and hardware sales are what I'd like to see, personally.

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 26, 2013, 02:02:13 PM
 #8484

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9


Please note: Voting has NOT closed! You can (and should) still vote!

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
June 26, 2013, 02:04:37 PM
 #8485

Reminder / Update

ThickAsThieves, VJain, Franktank and myself have put together the next round of questions for the community to vote on.

Once we have a consensus of the top three questions, ThickAsThieves will submit them to Friedcat.

The last round was a big success, so we will continue doing this for the foreseeable future.

The questions are available for voting here:

https://docs.google.com/forms/d/1M7wigyDWjKjabHKdC7msaEfXvYaNxtMbbmTIRss8EqU/viewform

Here are the results so far (183 votes):

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.9
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 3.02
3) Do you have plans for a retail website? - 3.3
4) Does ASICMINER have plans to develop a marketing campaign to extend beyond word of mouth and business on the bitcointalk.org? - 2.94
5) Earlier this year, you committed to a minimum of 10% of the network hashing being represented by ASICMINER, can you update us to the current goals for network % and for total hashpower in 2013 and beyond? - 4.1
6) When can we expect the first financial report? - 3.65
7) Originally, board members were going to receive a test unit of an ASIC mining device. Will you provide this or any other tangible items to board members in the future? - 1.98
8 ) Could we have an official live hashrate meter from ASICMINER? - 3.12
9) For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales? - 2.98
10) Besides mining, hardware sales, and fees, are there any other potential sources of revenue? - 3.9


Please note: Voting has NOT closed! You can (and should) still vote!

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

The question is one of goals and strategy, not one of guarantees.
binaryFate
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


Still wild and free


View Profile
June 26, 2013, 02:07:03 PM
 #8486

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

The wording "current goal" does not suggest any guarantee, I don't know where you got that. What is important is the target they're aiming at.


Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
binaryFate
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


Still wild and free


View Profile
June 26, 2013, 02:09:21 PM
 #8487

@TAT (or one of the other guys taking care of the questions):

What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
nubbins
Legendary
*
Offline Offline

Activity: 1554
Merit: 1009



View Profile
June 26, 2013, 02:11:08 PM
 #8488

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  Cool

No longer buying/selling Casascius coins. Beware scammers.
My OTC Web of Trust ratings / What's a PGP chain of custody?
canth
Legendary
*
Offline Offline

Activity: 1442
Merit: 1001



View Profile
June 26, 2013, 02:18:58 PM
 #8489

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  Cool

Heh, no - I don't think that they'll mind taking a huge profit, but I for one still want to have a few patient investors with a steady hand to anchor the price. Personally I'd prefer that to seeing it whipsaw back and forth with a bunch of investors that react to short term fluctuations in hash rates or hardware sales. The trader sure doesn't, but to each their own.

Also, most the long-time shareholders are probably only filthy rich if they've unloaded a huge portion of their shares, recently. Wealthy, no doubt - filthy rich? I don't think anyone has retired just yet. AM IPO investors - feel free to send pics of your yacht purchased with BTC if I'm wrong. Smiley

finlof
Hero Member
*****
Offline Offline

Activity: 630
Merit: 500


View Profile
June 26, 2013, 02:35:47 PM
 #8490

Any speculations as to what the price will be of the dividends?
currently the ASICMiner mining address has 6300+ BTC in it, which translates to almost 0.016/share - http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
matt_boyd
Sr. Member
****
Offline Offline

Activity: 246
Merit: 250


View Profile
June 26, 2013, 02:41:19 PM
 #8491

Any speculations as to what the price will be of the dividends?
currently the ASICMiner mining address has 6300+ BTC in it, which translates to almost 0.016/share - http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

Not the worst, I can't wait for the new products to come out, that will be exciting time, by the way TAT, liking the sarcasm, it give me a chuckle.  Wink
tkone
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
June 26, 2013, 02:50:35 PM
 #8492

3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper,
i know everyone wants price of shares to rise,
but look on the bright side, we have a benefit of it staying or even getting lower Smiley

Mnw
Newbie
*
Offline Offline

Activity: 28
Merit: 1



View Profile
June 26, 2013, 02:54:50 PM
 #8493

Expecting share price drops again after dividends announcement..
velacreations
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
June 26, 2013, 02:56:12 PM
 #8494

3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper,
i know everyone wants price of shares to rise,
but look on the bright side, we have a benefit of it staying or even getting lower Smiley


what wall are you talking about?  I don't see one, only significant sell orders at 3.5

velacreations
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250


View Profile
June 26, 2013, 02:56:49 PM
 #8495

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

runeks
Legendary
*
Offline Offline

Activity: 966
Merit: 1007



View Profile WWW
June 26, 2013, 03:00:32 PM
 #8496

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.
If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.
Eric Muyser
Full Member
***
Offline Offline

Activity: 224
Merit: 100


You can't kill math.


View Profile
June 26, 2013, 03:02:15 PM
 #8497

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

I'm thinking only 5-10% is possible.

@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
Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
June 26, 2013, 03:04:39 PM
 #8498

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero? Roll Eyes
neilol
Sr. Member
****
Offline Offline

Activity: 302
Merit: 250


View Profile
June 26, 2013, 03:06:08 PM
 #8499

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero? Roll Eyes

No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).



ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
June 26, 2013, 03:07:19 PM
 #8500

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

I'm thinking only 5-10% is possible.

Anything is possible, including breaking 3btc.
Pages: « 1 ... 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 [425] 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!