ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SOSLOVE868]

I never say that BITFOUNTAIN need to be pay rent regard to whether they are company or not. They must pay rent for sure...I just stated that Friedcat isn't deducting rent and cost of electricity from our mining revenue, because he is a visioner , he want us happy, make more BTC and if we are happy , then BTC can get more chance to go succeed...

This thread is a madhouse. Has everbody gone nuts? What happened?

Am I wrong ?If I was wrong, please correct me.

thanks
 

[nubbins]

This thread is a madhouse. Has everbody gone nuts? What happened?

Please don't quote his posts, I ignored him because I don't want to read them

[SOSLOVE868]

This thread is a madhouse. Has everbody gone nuts? What happened?

Please don't quote his posts, I ignored him because I don't want to read them

I am sorry that my post makes you won't read it...what a sad thing for me...But at least I think I am isn't talking things without logically assumption.
If you can get evidence to prove that I was wrong ,Just sharing it with me...please

[supert]

can you take out any specify information to prove that shows BITFOUNTAIN is a company registered with Chinese government ,and in its article of incorporation (article you will require to registered a company in China) shows they were a company that dedicating in BTC mining and selling mining rigs. please do not bother, share with us.

You really think Chinese government will approve that company that mainly mining BTC ?Again you are over estimate by that Chinese government are so fashionable... (If it is registered with the government , it can not be that they are a company that dedicating in BTC mining,
To registered company in China ,you will need explain what you doing ,and many of areas are prohibited to be registered by natural person.)

There is a glimmer of a reasonable question in there, so I am going to rephrase it:

Bitfountain is registered as an IC company in Shenzen. Has anyone actually looked up the registration?

[Ira H. Fuchs]

There is no lack of demand for Asicminer shares so I don't see any reason to use company funds on paperwork that only serves to attract potential nervous shareholders. The blockchain shows the money coming in and going out and the hashrate proves the existence of the hardware.

good morning, I was able to get a hold of Jim who had been taking care of IR for several weeks now. I think he will be in the office in the next couple of hours. I'm not sure if you guys have been talking with him already. Reading this thread it seems very unlikely. He did mentioned the salvage tax issue is being hashed and processed in the NPC orphan depository. I agree it sounds a little undefined at this point in the game...Ira

[baloo_kiev]

Yifu's name and face are known. He doesn't seem to have gotten any bad attention from the Chinese government.

They are dealing with potential security issues in china. e.g. ngzhang  doesn't drive his own car anymore, doesn't use his old cellphone, doesn't live where he used to...

They have physically secured the transportation route between them and the shipper in hopes of preventing damaged avalons (said 6-7 Avalons had  broken corners or damage).

Avalon bribe a DHL manager because they want to push their devices out of the country ? evidence please?
Friedcat was showing his self in the conference in Shanghai.

could any one tell me, how to give a non-exist tracking number to our customers?


first, we send the packages to HK-DHL agent.

agent transport them to HK, a few days time.

packages picked up at HK.

after about 1 week, they will give us the tracking number if we ask for.

to most country, 1 week time is enough for a delivery.

if anything goes wrong, like custom issues happened or wrong tel number or something , our agent will call us, give us the tracking number, let us contect with our customer. i think multiple people get my email when they having custom issues or DHL can not find you.

why we use such a screwed work flow?

1, save shipment cost.
2, if we go to DHL directly, they didn't accept this device, there is PSU and FANs in it, which is contraband. only these agent can send them out by doing some bribery work. if we tell them we are not satisfied, they simply ask us to deal with DHL ourself instead.

fuck

I beg you guys to use your google next time.

[empoweoqwj]

Yifu's name and face are known. He doesn't seem to have gotten any bad attention from the Chinese government.

They are dealing with potential security issues in china. e.g. ngzhang  doesn't drive his own car anymore, doesn't use his old cellphone, doesn't live where he used to...

They have physically secured the transportation route between them and the shipper in hopes of preventing damaged avalons (said 6-7 Avalons had  broken corners or damage).

Avalon bribe a DHL manager because they want to push their devices out of the country ? evidence please?
Friedcat was showing his self in the conference in Shanghai.

could any one tell me, how to give a non-exist tracking number to our customers?


first, we send the packages to HK-DHL agent.

agent transport them to HK, a few days time.

packages picked up at HK.

after about 1 week, they will give us the tracking number if we ask for.

to most country, 1 week time is enough for a delivery.

if anything goes wrong, like custom issues happened or wrong tel number or something , our agent will call us, give us the tracking number, let us contect with our customer. i think multiple people get my email when they having custom issues or DHL can not find you.

why we use such a screwed work flow?

1, save shipment cost.
2, if we go to DHL directly, they didn't accept this device, there is PSU and FANs in it, which is contraband. only these agent can send them out by doing some bribery work. if we tell them we are not satisfied, they simply ask us to deal with DHL ourself instead.

fuck

I beg you guys to use your google next time.

I beg friedcat to come back and say something, anything. Without his regular input this thread is just "a thread in search of a topic". Total dog poo.

[JimiQ84]

I've just thought of something - what if electricity and rent has been payed from namecoins mined at bitminter?

[binaryFate]

Sorry for the off-topic (anyway, the thread has gone mad lately), I'd like to find those pictures of a BFL minirig full of tape, glue and other crap. I'm pretty sure it was posted on this thread, though I cannot find it. Anoybody would be kind enough to give the link again?

[binaryFate]

http://buttcoin.org/butterfly-labs-mini-rig-is-a-huge-broken-unstable-piece-of-shit

Thanks, that was quick

[freedomno1]

Sorry for the off-topic (anyway, the thread has gone mad lately), I'd like to find those pictures of a BFL minirig full of tape, glue and other crap. I'm pretty sure it was posted on this thread, though I cannot find it. Anoybody would be kind enough to give the link again?

Sure been boring watching the fail bots which one are you looking for Josh's fail mining rig or the BFL announces shipping one
Think pankkake got the tape one so here's the hairdryer
http://www.youtube.com/watch?v=-eF6FSdur8k

[TsuyokuNaritai]

Sorry for the off-topic (anyway, the thread has gone mad lately), I'd like to find those pictures of a BFL minirig full of tape, glue and other crap. I'm pretty sure it was posted on this thread, though I cannot find it. Anoybody would be kind enough to give the link again?

https://bitcointalk.org/index.php?topic=249353.msg2647513#msg2647513 for local copy & discussion, as the direct link doesn't work for some people.

[ThickAsThieves]

Just a quick update that I have e-mailed Friedcat about the poll questions again, just in case he missed the original private message.

Hopefully I am not annoying him, and hopefully he'll have a lot of news for us this week   

[ninjarobot]

After reading through this topic, I wonder if it is not possible for ASICMiner to sell subsidized ASIC mining devices that are firmware locked to mine 25% for ASICMiner and 75% for the buyer.

This way hardware can be cheaper and ASICminer will not be tied to a centralized location. Better for the Bitcoin network, better for ASICMiner, and better for the miners (assuming the devices can be sold at at a 25%+ discount). Possible?

[empoweoqwj]

After reading through this topic, I wonder if it is not possible for ASICMiner to sell subsidized ASIC mining devices that are firmware locked to mine 25% for ASICMiner and 75% for the buyer.

This way hardware can be cheaper and ASICminer will not be tied to a centralized location. Better for the Bitcoin network, better for ASICMiner, and better for the miners (assuming the devices can be sold at at a 25%+ discount). Possible?

AM shouldn't take business decisions based on what some paranoid (+ often racist) people think about them. Clearly today AM doesn't "own" too much of the network to risk network stability. And clearly competition is increasing.

How would selling equipment that mined 75% for AM help? People would just say AM were finding "trojan" ways to take over the network ....

Forget it.

[ninjarobot]

After reading through this topic, I wonder if it is not possible for ASICMiner to sell subsidized ASIC mining devices that are firmware locked to mine 25% for ASICMiner and 75% for the buyer.

This way hardware can be cheaper and ASICminer will not be tied to a centralized location. Better for the Bitcoin network, better for ASICMiner, and better for the miners (assuming the devices can be sold at at a 25%+ discount). Possible?

AM shouldn't take business decisions based on what some paranoid (+ often racist) people think about them. Clearly today AM doesn't "own" too much of the network to risk network stability. And clearly competition is increasing.

How would selling equipment that mined 75% for AM help? People would just say AM were finding "trojan" ways to take over the network ....

Forget it.

I'm saying 25% for AM max. Kinda like you can buy a subsidized cellphone that is SIM locked to a specific carrier. The ASICMiner datacenter is a single point of failure for AM.

[empoweoqwj]

After reading through this topic, I wonder if it is not possible for ASICMiner to sell subsidized ASIC mining devices that are firmware locked to mine 25% for ASICMiner and 75% for the buyer.

This way hardware can be cheaper and ASICminer will not be tied to a centralized location. Better for the Bitcoin network, better for ASICMiner, and better for the miners (assuming the devices can be sold at at a 25%+ discount). Possible?

AM shouldn't take business decisions based on what some paranoid (+ often racist) people think about them. Clearly today AM doesn't "own" too much of the network to risk network stability. And clearly competition is increasing.

How would selling equipment that mined 75% for AM help? People would just say AM were finding "trojan" ways to take over the network ....

Forget it.

I'm saying 25% for AM max. Kinda like you can buy a subsidized cellphone that is SIM locked to a specific carrier. The ASICMiner datacenter is a single point of failure for AM.

Apologies, I've just woke up, I read your post wrong way round.

What your are talking about is a change of business model for AM. Only AM can know whether it would produce more profits for AM.

I see no other reason to do it. How would it improve bitcoins or the bitcoin network? If the AM datacenter exploded today, it would be detrimental to AM and us the shareholders. The bitcoin network wouldn't care. That's how it should be.

Also, technically, "firmware locking" could go wrong in all kinds of ways. It could (would) get hacked, AM could disappear (then who would get 25% or would device just stop working?)

Why complicate things? If AM want to sell hardware of any kind to end users they can. The buyer pays and gets 100% of profits.

Up to AM, its a free market. No need for "lock-ins"

[ThickAsThieves]

OFFICIAL UPDATE

I have some news for everyone after a brief e-mail exchange with Friedcat. He has answered the 3 questions I submitted from our recent poll below:

-- There was news about a presentation by Rockxie about ASICMINER. Can you confirm this was an official presentation and summarize the news that was shared about upcoming plans for the mining farm and the Mini Blade?
Friedcat: They are true, though some projected dates from our side were more-or-less overly determined in his presentation.

-- When can we expect the first financial report?
Friedcat: We are asking board members if July 23 is acceptable.

-- Could Bitfountain provide an official live hashrate meter from ASICMINER for your mining farm, or could you periodically confirm the current hashrate?
Friedcat: Yes. Our internal management system is towards its completing. Directing the data to a public webpage is easy.

In other news, Friedcat has also officially confirmed my new status as a board member!

I am truly honored and proud to have achieved this, and I look forward to playing any role I can to further ASICMINER's success.

[101111]

1. Congrats TAT!

2. Dirty tricks? Is AMC deliberately renaming to AM in order to capitalise on AMs reputation, cause confusion etc.

[freedomno1]

OFFICIAL UPDATE

I have some news for everyone after a brief e-mail exchange with Friedcat. He has answered the 3 questions I submitted from our recent poll below:

-- There was news about a presentation by Rockxie about ASICMINER. Can you confirm this was an official presentation and summarize the news that was shared about upcoming plans for the mining farm and the Mini Blade?
Friedcat: They are true, though some projected dates from our side were more-or-less overly determined in his presentation.

-- When can we expect the first financial report?
Friedcat: We are asking board members if July 23 is acceptable.

-- Could Bitfountain provide an official live hashrate meter from ASICMINER for your mining farm, or could you periodically confirm the current hashrate?
Friedcat: Yes. Our internal management system is towards its completing. Directing the data to a public webpage is easy.

In other news, Friedcat has also officially confirmed my new status as a board member!

I am truly honored and proud to have achieved this, and I look forward to playing any role I can to further ASICMINER's success.

Woot actual news!
And yay the source I posted was legit props to self was sweating a few bullets for a while waiting on a real confirmation ^^

Congrats TAT on your board member status we got there eventually now make the havelock shares its own board member in total shares XD halfway there
Gotta keep going

Also I'm glad to hear that a financial report will soon be available that will silence that issue ^_^

That leaves one question regarding the Board Seat now I want answered sometime not today though but when you have more info  

Additional Dividends or Benefits from Board Member Status

Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:

85% of the mining income from any hardware given to this board seat will be paid out to the shareholders of ASICM on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.

NOTE: This passthrough exists on multiple exchanges (currently BTCT.co and Bitfunder.com as well), but acts as a single combined asset. Thus, the combined shares represented on all exchanges will count towards eligibility of an ASICMINER board seat, and associated benefits.