ASICMINER: Entering the Future of ASIC Mining by Inventing It

[aahzmundus]

When Juratul puts a wall up thats where we will stay  

There is more then just Juratul... Ineedausername used to have a lot of shares, though he sold out in many waves of auctions.  I imagine he still has quite a few stocked up.  There are other large (over 1k) investors as well that I do not know the names of.  What I do know is that I myself am around ~50 on the list for most shares held...

[freedomno1]

When Juratul puts a wall up thats where we will stay  

There is more then just Juratul... Ineedausername used to have a lot of shares, though he sold out in many waves of auctions.  I imagine he still has quite a few stocked up.  There are other large (over 1k) investors as well that I do not know the names of.  What I do know is that I myself am around ~50 on the list for most shares held...

Edited to when a wall feels like appearing  
Or BitFountain feels like it

Wonder when Friedcat response is due

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

[Franktank]

Ok Edited to when a giant wall feels like appearing  
Or BitFountain feels like it

Wonder when Friedcat response is due

Since it's Friedcat, whenever he damn feels like it. He has that liberty, he's earned it.

[freedomno1]

Ok Edited to when a giant wall feels like appearing  
Or BitFountain feels like it

Wonder when Friedcat response is due

Since it's Friedcat, whenever he damn feels like it. He has that liberty, he's earned it.

True enough I don't mind waiting 

[velacreations]

I posted this already, but I think 30% is the point where things change for AM.  Above 30% APR, buy and hold.  Below 30%, look to sell.

I think the number of investors comfortable under 30% is higher than those willing to sell at 30%.  We'll see high teens before this stabilizes.

Just my 2c

yeah, could be, but I think there are a few other investment for around 25% that are probably less risk.

[empoweoqwj]

I think his posts are hilarious

They become funnier when you ignore him. Then you just get to see his "highlight posts" via other people quoting him 

Now this share is getting really hot you'll have loads of "bubble boys" in here talking equal nonsense, ignore them all and watch the share price keep rising.

[empoweoqwj]

I posted this already, but I think 30% is the point where things change for AM.  Above 30% APR, buy and hold.  Below 30%, look to sell.

I think the number of investors comfortable under 30% is higher than those willing to sell at 30%.  We'll see high teens before this stabilizes.

Just my 2c

yeah, could be, but I think there are a few other investment for around 25% that are probably less risk.

which are? 

[velacreations]

yeah, could be, but I think there are a few other investment for around 25% that are probably less risk.

which are? 

coinlenders comes to mind

[freedomno1]

yeah, could be, but I think there are a few other investment for around 25% that are probably less risk.

which are?  

coinlenders comes to mind

Just dice if someone really sucks at gambling  
Got to wait for a whale

[Diamondstarfall]

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

Here is a helpful link https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts
Show's the latest posts by friedcat

[Eric Muyser]

I posted this already, but I think 30% is the point where things change for AM.  Above 30% APR, buy and hold.  Below 30%, look to sell.

I think the number of investors comfortable under 30% is higher than those willing to sell at 30%.  We'll see high teens before this stabilizes.

Just my 2c

We gotta wait until like November for people with hope in other ASICs to come to the sad realization (for them) that FRIEDCAT IS KING!

Then in January, it'll be to the moon (high teens).

[empoweoqwj]

wow - there are some really vitriolic threads starting up against ASICMINER - the backlash has begun. I think it is part:

a) Jealousy - all those failed graphic-card based miners just don't like it, they have finally realised (6 months too late) graphic cards are worthless for mining now
b) Genuine but totally ill-thought-of fear of a 51% takeover
c) Good old fashioned Chinese-directed racism

One example:
https://t.co/gorhoGK1oG

Title is "Can we block mining from China" lol, or something like that ... read at your peril

[freedomno1]

Well you should see the AMC thread  
That's scary stuff there can we approve of the ability to make exclusive censorship on all bad things
Well this is what the poll says exactly but that's how I read it
Should I delete post that are not discussing the merits of AMC in The AMC Thread?

https://bitcointalk.org/index.php?topic=158806.2020;topicseen
That said chaos brings about opportunities or a bigger flameout

There's a couple of these threads going now here is one
https://bitcointalk.org/index.php?topic=247168.msg2623500#msg2623500

Some topics seem like legitimate concerns some FUD to mess with the price
Others are rage at competitors for sucking and not delivering
Some others make the point that bitcoin should not have any one source of mining
Libertarian routes matter
And even more still that don't qualify as any of the above

It is interesting enough as long as their reasoning is sound
Statements like this is overpriced 4 BTC a share without reasoning is just our speculation thread  
https://bitcointalk.org/index.php?topic=235763.0 Up to 52 Pages Holding Strong
Once the trollbox is activated here we can all yell faster  
https://asicminer.info/

That said at least we allow discourse even if it seems illogical
Whether its based on things like Yield which is logical
Or if 4 BTC share is overpriced which has been pointed out at varying levels since 2.5 heck since 1 and likely even in the future if ASIC is at 10 btc a share 1 year from now and bitcoins total value becomes 10 billion from the one billion now
It will still be overpriced hehe ceteris paribus
For notation ASICminers value is about = to total bitcoin wealth last year without speculation whether that is concerning depends on how you think bitcoin will fare in 1 years time
http://blockchain.info/charts/market-cap
Edit looks like its at the lower range of the 180 day scale so not even that long one could argue that the price is proportional to the growth of bitcoin total value causing this huge appreciation or it's illogical

Point is make sure your arguments make sense

[Strange Vlad]

About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.

[Eric Muyser]

About monopoly concerns at least they are right.
Many would feel uncomfortable with AM being "KING", just retaining leadership would be enough. Strong competition is necessary, so I hope competitors deliver mass-production of second-generation chips late this year (by second-generation I mean 65nm and less, excluding BFL).
I would even prefer AM losing leadership, over their total domination of Bitcoin ASIC market. Monopoly would make Bitcoin itself endangered.

By saying he is king, I just meant he will retain leadership and we can be confident in that as we see this unfold in the next ~6 months. Confident enough to value a share at 10+ BTC.

However, even if there is a monopoly (as in, AM is the miner at 50% network share and everyone else is an AM consumer), it won't stop the majority from riding that boat, heh.

[JimiQ84]

Asicminer is 21st century's Standard Oil, and as a shareholder I am perfectly fine with that

[AMuppInTime]

Confident enough to value a share at 10+ BTC.

10BTC per share sets the market cap of AM at 4 Million BTCs: With 21 Million BTCs ever in circulation, that's pushing it - The most likely option is we ride the bubble-train to those waters, then deflate at some bubble-defining-moment to more reasonable worth. That could be some big name getting in the game. Ask yourself how much you'd be willing to pay for an AM share if you just heard that Intel or AMD had started designing new chips specifically for mining. With the coming divs, remember to keep a cool head.
(Without anyone else in the game and those divs, I'd pay 6BTC. With AMD/Intel/competitor with strong product... 0.5 to 1BTC maybe?)

[Pierre]

I'd sell before 10BTC that's for sure

[freedomno1]

Confident enough to value a share at 10+ BTC.

10BTC per share sets the market cap of AM at 4 Million BTCs: With 21 Million BTCs ever in circulation, that's pushing it - The most likely option is we ride the bubble-train to those waters, then deflate at some bubble-defining-moment to more reasonable worth. That could be some big name getting in the game. Ask yourself how much you'd be willing to pay for an AM share if you just heard that Intel or AMD had started designing new chips specifically for mining. With the coming divs, remember to keep a cool head.
(Without anyone else in the game and those divs, I'd pay 6BTC. With AMD/Intel/competitor with strong product... 0.5 to 1BTC maybe?)

Excellent observation about the total bitcoins in circulation
When I was thinking that number I measured by Cap but if the market value went up to 10 billion from 1 billion in a years time
The value per bitcoin would be proportionately different and so would the share price per equivalent share in Asicminer would certainly be less than 10 btc as each bitcoin is a lot more valuable.
If AMD/Intel went in I would like to see for myself their chips capabilities before buying, making the firmware is well within their capabilities but of course would need to see how they run.
That said even if AMD/Intel came in I still think Klondike firmware would hold its own by the time they make that choice unless they adopt it themselves but it would be interesting to see how the market reacts to that type of news.
Asicminer would need to adjust its game

Good 2 bits

[Caser]

Confident enough to value a share at 10+ BTC.

10BTC per share sets the market cap of AM at 4 Million BTCs: With 21 Million BTCs ever in circulation, that's pushing it - The most likely option is we ride the bubble-train to those waters, then deflate at some bubble-defining-moment to more reasonable worth. That could be some big name getting in the game. Ask yourself how much you'd be willing to pay for an AM share if you just heard that Intel or AMD had started designing new chips specifically for mining. With the coming divs, remember to keep a cool head.
(Without anyone else in the game and those divs, I'd pay 6BTC. With AMD/Intel/competitor with strong product... 0.5 to 1BTC maybe?)

You have a point about the potential risks but the number of bitcoins in circulation shouldn't have any bearing on the potential valuation of a company. The total value of an economy isn't just the money in that economy but all of the goods you can buy or trade with it, including financial instruments such as debt. A higher valuation of ASICMINER adds to the total value of the bitcoin economy.