ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Vycid]

Nice pics. Anyone have a photo of someone with 1000 or more running?

That'd be insane. I can understand someone who made a bunch of money on early adoption spending 50+ BTC to have some fun, but 1000 blades is investment territory. The USB eruptors are novelties, they aren't going to pay off.

[tinus42]

Nice pics. Anyone have a photo of someone with 1000 or more running?

That'd be insane. I can understand someone who made a bunch of money on early adoption spending 50+ BTC to have some fun, but 1000 blades is investment territory. The USB eruptors are novelties, they aren't going to pay off.

I made BTC0.01163070 with one after 5 days mining. I'm not so sure.

[Vycid]

Nice pics. Anyone have a photo of someone with 1000 or more running?

That'd be insane. I can understand someone who made a bunch of money on early adoption spending 50+ BTC to have some fun, but 1000 blades is investment territory. The USB eruptors are novelties, they aren't going to pay off.

I made BTC0.01163070 with one after 5 days mining. I'm not so sure.

http://bitcoin.sipa.be/

The difficulty increase is not linear. If you think you're going to keep making 0.01 BTC per 5 days for another 500 days, I've got bad news for you...

[tinus42]

Nice pics. Anyone have a photo of someone with 1000 or more running?

That'd be insane. I can understand someone who made a bunch of money on early adoption spending 50+ BTC to have some fun, but 1000 blades is investment territory. The USB eruptors are novelties, they aren't going to pay off.

I made BTC0.01163070 with one after 5 days mining. I'm not so sure.

http://bitcoin.sipa.be/

The difficulty increase is not linear. If you think you're going to keep making 0.01 BTC per 5 days for another 500 days, I've got bad news for you...

Didn't buy it to make a profit, just out of curiosity. And so I can say the young-uns in 40 years that I was a Thirteener.

[Vycid]

Nice pics. Anyone have a photo of someone with 1000 or more running?

That'd be insane. I can understand someone who made a bunch of money on early adoption spending 50+ BTC to have some fun, but 1000 blades is investment territory. The USB eruptors are novelties, they aren't going to pay off.

I made BTC0.01163070 with one after 5 days mining. I'm not so sure.

http://bitcoin.sipa.be/

The difficulty increase is not linear. If you think you're going to keep making 0.01 BTC per 5 days for another 500 days, I've got bad news for you...

Didn't buy it to make a profit, just out of curiosity. And so I can say the young-uns in 40 years that I was a Thirteener.

Yeah, see - like I said, it's a novelty. A guy mining on 1000 of these is trying to make money (and he won't).

[VolanicEruptor]

someone who resells them in large quantities (like wtcr.ca) could mine with 1000 of them at once and make extra money on top of their sales.  They typically have over a thousand on hand..

[Vycid]

someone who resells them in large quantities (like wtcr.ca) could mine with 1000 of them at once and make extra money on top of their sales.  They typically have over a thousand on hand..

I hope they mention they're selling used hardware.

[tinus42]

someone who resells them in large quantities (like wtcr.ca) could mine with 1000 of them at once and make extra money on top of their sales.  They typically have over a thousand on hand..

I hope they mention they're selling used hardware.

If you buy some hardware at a computer store chances are it is a returned RMA.

[Vycid]

someone who resells them in large quantities (like wtcr.ca) could mine with 1000 of them at once and make extra money on top of their sales.  They typically have over a thousand on hand..

I hope they mention they're selling used hardware.

If you buy some hardware at a computer store chances are it is a returned RMA.

Whenever I see returned hardware at my local stores it's got a label on it and a reduced price... Maybe I'm just lucky.

If the manufacturer resells their refurbished hardware as new that's a different issue and will impact consumer trust of that brand.

[pyra-proxy]

someone who resells them in large quantities (like wtcr.ca) could mine with 1000 of them at once and make extra money on top of their sales.  They typically have over a thousand on hand..

I hope they mention they're selling used hardware.

If you buy some hardware at a computer store chances are it is a returned RMA.

Whenever I see returned hardware at my local stores it's got a label on it and a reduced price... Maybe I'm just lucky.

If the manufacturer resells their refurbished hardware as new that's a different issue and will impact consumer trust of that brand.

As far as I can tell its illegal in many euro countries and the us to sell used product as new especially if it has a usage based life expectancy like all electronic devices.  Its one thing to turn on to test and completely different animal to be running the devices until they sell.

[empoweoqwj]

Do you guys think this delay with the blades will make the financial report slide aswell, since they had to focus on that issue?

You need to be asking in Chinese on Chinese forums, all the answers are there first 

[fumble]

... feline deities.

I rented that movie last night on pay-per-view!

[796]

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.   

Hi burnside,

Since we’re futures exchange, the volume will be great with leverage. The VIP value is easy to earn. And we count 3 times value for automatic settle on Sundays. There has already several members with VIP4 so far. And this VIP tier plan will show its great advantage in the near future. Another reason for the commission plan is that we have free 796Futures-PD exclusively: https://796.com/stockpd?lang=en
Now we gift stocks according to trading volume. For earlier investors, the value of the stocks they get has increased 5 to 10 times; and now the investors can get free stocks for their trading and the value of the stocks can compensate the commission. We guess this is preferable and comforting. See here: https://796.com/other/stock.html?lang=en

About login, users are required to enter Google authenticator after they enable it when they access to their accounts(Mt. Gox style). Besides, we have our creational security code which is saved completely separated and members are requested to enter the security code manually when they want to withdraw. And then we will check the code ourselves. That’s to say, we could definitely protect our users’ fund unless they let out their security code themselves.

Thanks for your attention and your advice.

796 Exchange

Glad I was wrong on the 2FA.  (It must be on some second step page somehow?)

Regarding the fees... If you do the math using the table by the time a trader reaches VIP6 (PAR with btct.co at 0.2% with 2FA enabled) the trader will have paid:

(900,000*.004 = 3600) + (90,000*.006 = 540) + (9,000*.008 = 72) + (900*.01 = 9) + (100*.012 = 1.2) = 4222.2 BTC in fees.

Or, you could just turn on 2FA on btct.co and for your first 1,000,000 in volume pay less than half that at (1,000,000*.002) = 2000 BTC in fees.

I realize there are some alternate products, but for ASICMINER trading, you're paying a lot more in fees unless you hold enough stock to get 50% of the fees back... 2222.2 BTC is a pretty wide gap to close with dividends.

Hi burnside,

Thanks for your question.
Yeah, 2FA is in "Security Options", you may see here: https://796.com/bank/safe.
About the fee, I'm sorry you're giving a wrong answer.
It's like this:

VIP1   10*0.006 = 0.06 BTC
VIP2 （100-10）*0.006 = 0.54 BTC
VIP3 （1000-100）*0.005 = 4.5 BTC
VIP4 （10000-1000）* 0.004 = 36 BTC
VIP5 （100000-10000）*0.003 = 270 BTC
VIP6 （1000000-100000）*0.002 = 1800 BTC
besides, we just charge commissions when the users are opening a position,but we count trading volume including: volume when open a position and volume when close a position
thus, the commission to reach VIP6 actually is: (0.06+0.54+4.5+36+270+1800)/2=1055.55
and we count 3 times volume for automatic settle(so the VIP value is also 3 times) on each Sunday
this fee is far less than yours
and VIP tier is permanent for our users.

if you have further question, please feel free to let us know.

Kind regards,
796 Exchange

[yuchuanzhen]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Issues have been solved.
The manufactory is working on it.

[Franktank]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Issues have been solved.
The manufactory is working on it.

Are we still looking at a date of July 30th?

[yuchuanzhen]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Issues have been solved.
The manufactory is working on it.

Are we still looking at a date of July 30th?

It depends.
You know,most time, they work overtime,more than you can image.

[Franktank]

Are we still looking at a date of July 30th?

It depends.
You know,most time, they work overtime,more than you can image.

I don't doubt it. friedcat and co. have the benefit of the doubt, no other company has earned this level of trust from their investors.

[yuchuanzhen]

It depends.
You know,most time, they work overtime,more than you can image.

I don't doubt it. friedcat and co. have the benefit of the doubt, no other company has earned this level of trust from their investors.

I mean the workers in manufactory.

[Ninshatamoto]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Issues have been solved.
The manufactory is working on it.

tài gǎn xiè nín le !

As always, thank you very much for bringing us the latest information!

[JSMill]

Got some news
1.The will be a delay due to the issues of  New&Mini blade's power supply.Kind like 30th,this month.
2.And there will be a fixed price.Of course,you can get refund for the pre-order.

Issues have been solved.
The manufactory is working on it.

Thank you!