ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Vycid]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

(BTCT only!)

[Franktank]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

Is this no longer valid?

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

 

[Vycid]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

Is this no longer valid?

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

 

Heh, no. I own about ten of those, too. They make me a little sad when I open up BTCT 

[Eric Muyser]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

Is this no longer valid?

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

 

Heh, no. I own about ten of those, too. They make me a little sad when I open up BTCT  

Shouldn't make you sad. Protecting yourself on the way up. You're safe, we're not. That's why you keep buying them.

[Vycid]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

Is this no longer valid?

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

 

Heh, no. I own about ten of those, too. They make me a little sad when I open up BTCT  

Shouldn't make you sad. Protecting yourself on the way up. You're safe, we're not. That's why you keep buying them.

Right, but if I'm buying puts closer to 3.0 BTC (I've actually been buying the whole way up: 2.2, 2.5, now 2.7 and 3.0) then my 1.8 BTC puts are worthless.

[Eric Muyser]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

Is this no longer valid?

Update:

I will immediately purchase ASICMiner puts expiring September 1st, with a strike of 1.8BTC, and a premium of 0.14BTC.

3 BTC limit.

 

Heh, no. I own about ten of those, too. They make me a little sad when I open up BTCT  

Shouldn't make you sad. Protecting yourself on the way up. You're safe, we're not. That's why you keep buying them.

Right, but if I'm buying puts closer to 3.0 BTC (I've actually been buying the whole way up: 2.2, 2.5, now 2.7 and 3.0) then my 1.8 BTC puts are worthless.

Not worthless if AM goes to 0.1 BTC. It's all about hindsight.

[Vycid]

Not worthless if AM goes to 0.1 BTC. It's all about hindsight.

Fair enough. I guess I should say that my 1.8 puts are worth much less than 0.14 BTC now, not that they're worthless. My AM shares make up for that though  

[empoweoqwj]

AM are currently killing the competition:

------------------
Known Blocks.
Relayed By   count
ASICMiner   44
BTC Guild   27
Slush   25
------------------

I can see AM reaching and maintaining 30% hashing rate in the next 12 months, and lots of hardware sales on top.

I still believe there is some room for rational increase in share price, 5-6 BTC.

Beyond that, irrational exuberance could well drive the price up towards 10. To quote Alexander Elder:

"When outsiders & latecomers start making lots of money, the market is near the top"

I believe we are just about to enter the phase where the outsiders & latecomers join in. Let the bubble fun and games begin!!

[ThickAsThieves]

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

[velacreations]

that depends a lot on the dividends.  If they go back to the realm of .03-.04, the share price would go up considerably.  Personally, I think 30% is an appropriate rate for the amount of risk/etc, because there are other options for investing BTC below 30% that may be safer.

At a .02 btc dividend (1.04 /yr), and 30% APR, share price is 3.5 btc
At a .03 btc dividend (1.56 /yr), and 30% APR, share price is 5.2 btc
At a .04 btc dividend (2.08 /yr), and 30% APR, share price is 6.9 btc

I expect stabilization around 5 btc and .03 btc/week for the next few weeks.

You should consider cashing out a bit of your investment as you went full retard buying shares. Don't bet the farm on AM. Results from the past are no prediction for the future.

well, I am holding since .4

I still think my analysis is sound.  If AM can stay close to .03 btc/week for the next few weeks, we'll likely see share prices over 5.

[Vycid]

...

Strike: 3.3 BTC
Premium: 0.3 BTC
Exp: 90 days.

[Strange Vlad]

I just did some statistics on the number of transactions included in ASICMiner blocks, compared to other miners' blocks:

Code:

ASICMiner stats:
	Average transaction count per block: 198.0
	Median transaction count: 132
	Maximum number of transactions in a block: 1323
Other blocks stats:
	Average transaction count per block: 302.3
	Median transaction count: 262
	Maximum number of transactions in a block: 1333

Can anyone explain this? It seems ASICMiner blocks, on average, only contain 65% of the number of transactions that other blocks contain.

Has ASICMiner commented on this?

Given the talk a few weeks ago about transactions becoming more important as time goes on, I'm curious about this as well.

What time period do these stats cover?

They cover from the beginning ASICMiner started solo mining, which is from the following block and up to right now. https://blockchain.info/block-index/383941/000000000000010c9335c90f6e1f2d2a9af73ca078d660c98988234309b9dba3

So about the last six weeks.

Come to think of it, it could just bet that ASICMiner has chosen not to include transactions with a fee less than X, while other miners include low-fee transactions, and even no-fee transactions.

And that's right thing to do.  I hope other pools (and solominers, if any) will also adopt stricter fee policies soon, for the safety of the network.

[VJain]

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

Awesome!

[TECHICENINE]

Damn it, I wish ASICMiner would stabilize for a few days so I didn't have to keep updating my offer to buy puts  

OK, I'm currently offering to buy either of the following two options:

(I am BUYING put options: you write them!)

Strike: 2.7 BTC
Expiration: 90 days
Premium: 0.2 BTC

OR

Strike: 3.0 BTC
Expiration: 90 days
Premium: 0.25 BTC

Cheers,

Vycid

(BTCT only!)

PM me your offer I got the link-"virtual options"-=PUTS look good buy if>weekend@$BTCurnies' ..thanks

[TECHICENINE]

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

what are you asking me..thanks

[freedomno1]

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

Confirmation is imperative
Thanks

[TECHICENINE]

PRELIMINARY UPDATE

I have submitted the top questions from our poll to Friedcat.

I decided to make the #1 question a request for him to confirm the recent news from rockxie's presentation, and to summarize the plans for the mining farm and ne "Mini Blade".

The other two questions were asking when the first financial report will be, and whether Bitfountain can provide an official hashrate meter for the farm, or official updates about how many hashes they have online.

~TAT

Confirmation is imperative
Thanks

Confirmation of what..thanks

[dadj]

I put this together to encourage more bitcoin mining (and AM purchasing ) - http://www.youtube.com/watch?v=AnRDR8jEics&feature=youtu.be

[bobboooiie]

I get a feeling that any people in the financial industry would laugh their ass off if they read this thread, saying that less than a 25% p.a. return on ones investment is unacceptable. I mean, the Bitcoin mining industry is risky, but is it that risky?

Conclusion of this view would be, that the shareprice has to be valued much higher. If a 15% p.a. return would be suggested fair, shareprice has to be 10 btc!

When I first saw AM, it was about 1.3btc. Without much research (well, without any really   )  I thought that looks too good to be true, and I bought some partial shares. It was rising fast, and I started reading up on it, and my first rough calc I decided potential was close to 10btc so I figured buy all I can before it gets too high. When it stalled around 2.5 I was stumped, but kept buying as funds permitted.  I think we've reached the point where my dividends will go back to hoarding and buying silver now though. when the dividends drop back to a more sustainable level I hope some more speculators will drop out, bringing it back to an affordable level. If dividends remain high... well, I can't really complain, can I?  
    What I am curious about is the relation to the btc:$ variable. If bitcoin is $1000, does that make AM market cap ridiculous, driving the price down? or does the dividend potential support a share price in the $4000-$10000 range? All very exciting to be a part of, no matter how it plays out!

AM is Bitcoin business, the rate between BTC/USD doesnt really affect price of share

[Rannasha]

I get a feeling that any people in the financial industry would laugh their ass off if they read this thread, saying that less than a 25% p.a. return on ones investment is unacceptable. I mean, the Bitcoin mining industry is risky, but is it that risky?

Conclusion of this view would be, that the shareprice has to be valued much higher. If a 15% p.a. return would be suggested fair, shareprice has to be 10 btc!

When I first saw AM, it was about 1.3btc. Without much research (well, without any really   )  I thought that looks too good to be true, and I bought some partial shares. It was rising fast, and I started reading up on it, and my first rough calc I decided potential was close to 10btc so I figured buy all I can before it gets too high. When it stalled around 2.5 I was stumped, but kept buying as funds permitted.  I think we've reached the point where my dividends will go back to hoarding and buying silver now though. when the dividends drop back to a more sustainable level I hope some more speculators will drop out, bringing it back to an affordable level. If dividends remain high... well, I can't really complain, can I?  
    What I am curious about is the relation to the btc:$ variable. If bitcoin is $1000, does that make AM market cap ridiculous, driving the price down? or does the dividend potential support a share price in the $4000-$10000 range? All very exciting to be a part of, no matter how it plays out!

AM is Bitcoin business, the rate between BTC/USD doesnt really affect price of share

While AM sells its goods in BTC and mines BTC, it stands to reason that the majority of their costs are measured in fiat currency (USD or CNY). Therefore there is sensitivity to the BTC/fiat exchange rate.