ASICMINER: Entering the Future of ASIC Mining by Inventing It

[iCEBREAKER]

How much carbon tax should Friedcat pay, to atone for his environmental sins?   

Can you leave the global warming chat for a different forum? This is an ASICMINER thread on a BITCOIN forum

Last I checked, Friedcat is in charge at ASICMINER.

Last I checked, ASICMINER uses a metric shed load of electricity mining and manufacturing.

Which brings us to the question

"Should those who believe in global warming/ManBearPig/climate change put their money where there mouth is and promise to plant a tree with part of their dividends, or should they simply STFU about their anti-industrial neo-primitive totem/taboo public school programming?"

[freedomno1]

How much carbon tax should Friedcat pay, to atone for his environmental sins?  

Can you leave the global warming chat for a different forum? This is an ASICMINER thread on a BITCOIN forum

Last I checked, Friedcat is in charge at ASICMINER.

Last I checked, ASICMINER uses a metric shed load of electricity mining and manufacturing.

Which brings us to the question

"Should those who believe in global warming/ManBearPig/climate change put their money where there mouth is and promise to plant a tree with part of their dividends, or should they simply STFU about their anti-industrial neo-primitive totem/taboo public school programming?"

Like building a currency using computer algorithms that can go on forever or till they are lost vs paper money isn't good enough

[jimmy3dita]

Infact it's way better to keep using fiat and credit cards, paying the same speculation that has already destroyed half of our planet!

Btw, any news from the upcoming blades? And the huge mining-thing?

[velacreations]

It's funny when the speculation thread is the most relevant AM thread in the securities subforum....

[TsuyokuNaritai]

Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Where does it say that? It's not in the OP or FAQ unless I'm missing it.

[CoinBomb]

isnt that in 2016?

[cp1]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Sure, but how much will 1 BTC be worth at the end of 2016?

[Pierre]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving.

[bougelahi]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

[RippleCoins]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

 Well said!

[empoweoqwj]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

[TsuyokuNaritai]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

[freedomno1]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Lets add this to the shareholder FAQ that makes two good questions now

Why are our miners not doing so good with transaction fees compared to other blocks
Latency issues in china etc.

What are the conditions for a buyback of ASICminer

[Franktank]

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Unlike S. Dice, AM shares have voting power. Granted BitFountain does have over 51% of all shares but it's the thought that counts, right?

[TsuyokuNaritai]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

[binaryFate]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

I'm ok with that!

[freedomno1]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

I'm ok with that!

No issues here ^_^
We will grow old together haha

[donut]

[offtopic]

"Global warming?"  The new term is "climate change" because the data failed to support the AGW hypothesis.  Quite the opposite, in fact!  

http://www.ncdc.noaa.gov/sotc/global/2013/6

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]

[vlaoou321]

To announce my own survey data. Source According to statistics from taobao.com my agent in China 5G blade sales 351 (each 9.88BTC) 10G sales 203 (each 18.88BTC) did not count the official website does not direct into calculation

Total sales 7299BTC

[burnside]

Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  )

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.