cryptograd
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Activity: 112
Merit: 10
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July 24, 2013, 12:16:37 AM |
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UpdateFinancial StatusMining Income: 102,041.82 BTCBlade Sales Income: 29,594.75 BTCUSB Sales Income: 37,524.00 BTCTotal: 169,520.57 BTCDevice and Infrastructure Expense: 397,800.00$ + 4,909,930.00¥ Electricity Expense: 729,542.05¥ Labor Expense: 327,081.00¥ Logistics Expense: 132,184.90¥ Deposits: 117,506.01¥ Total: 397,800.00$+6,216,243.96¥ Balance Sheet: https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdEthNEpIWWxpcW90RFBQOFZ6aFlxT0E&usp=sharingHardware FranchisingThis is a new business model option besides self-mining and hardware sales. We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments. This model is similar to hardware sales in the aspect that we do not have in control on how the users make use of our devices, therefore has more decentralization in spirit. And like with self-mining, it aims at settings in scale, enjoying the reduction of NRE cost and operating cost overall, and reducing potential marketing/advertisement/customer service costs. Project TimelineAugust-September: Deploy/sell all hashpower arriving in July and early August. September-November: Deploy/sell the hashpower ordered at early July. November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions. We look forward to working with you. If you have any can you please post minimum technical team requirements to join your PPS hash network, or where to contact you to begin at once.
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JaredR26
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July 24, 2013, 02:02:00 AM |
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Would Friedcat consider approaching some of the smaller mining pools directly with the franchising deals?
For instance offering machines in that fashion to the likes of ozcoin, deepbit etc. and other pools in the 1-5% of network size. I imagine these operations are in a good position to be able to bring that kind of hardware online and run it, since they are large enough to handle the hardware and small enough that they are able to scale up.
I think you misunderstand what the pools do. They aren't mining(or generally not very much), they are providing an interface to pool the mining of other people together. Mining at asicminer scale is a big job with lots of problems and issues.
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VeeMiner
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July 24, 2013, 06:38:03 AM |
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Would Friedcat consider approaching some of the smaller mining pools directly with the franchising deals?
For instance offering machines in that fashion to the likes of ozcoin, deepbit etc. and other pools in the 1-5% of network size. I imagine these operations are in a good position to be able to bring that kind of hardware online and run it, since they are large enough to handle the hardware and small enough that they are able to scale up.
I think you misunderstand what the pools do. They aren't mining(or generally not very much), they are providing an interface to pool the mining of other people together. Mining at asicminer scale is a big job with lots of problems and issues. I concur, this is meant for medium-large mining coops and companies, not pools. I also don't think that friedcat needs to approach the potential customers, it's more likely that they will contact him directly once this option becomes widely known. anyway thanks for the balance sheet and news, you rock friedcat!
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yuchuanzhen
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July 24, 2013, 11:01:57 AM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
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Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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yuchuanzhen
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July 24, 2013, 11:05:23 AM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
Also,if you bought a stick before,you can buy a new one at 0.1BTC.
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Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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empoweoqwj
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July 24, 2013, 11:41:18 AM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
I feel so out of the news loop, but many thanks for trying to keep us in the loop Which USB stick miner are you referring to? The one currently being retailed for 1BTC? Is this a price drop announcement?
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matt_boyd
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July 24, 2013, 12:32:59 PM |
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Anyone think that dividends will be over 0.025?
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robix
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July 24, 2013, 12:35:40 PM |
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Anyone think that dividends will be over 0.025? No clue at all.
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SmiGueL
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July 24, 2013, 12:42:36 PM Last edit: July 24, 2013, 03:17:05 PM by SmiGueL |
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Anyone think that dividends will be over 0.025? Current mining income: ~4700 BTC (wallet)Sales income: 3100 BTC (previous used addresses)And 7800 BTC --> 0.0195 BTC/share + extra sales of 0.00 - 0.05 (He always uses some 'hidden' addresses )But according to friedcat's DOCS document, it CAN be possible that the total of 10,112.72 BTC is the total of mining+sales this week, and that would mean at least 0.025 BTC/share. *However it seems likely that a part of that will be hold to pay for upcoming expenses.
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matt_boyd
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July 24, 2013, 12:45:39 PM |
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Anyone think that dividends will be over 0.025? Current mining income: ~4700 BTC (wallet)Sales income: 3100 BTC (previous used addresses)And 7800 BTC--> 0.0195 BTC/share + extra sales of 0.00 - 0.05 (He always uses some 'hidden' addresses )But according to friedcat's DOCS document. it CAN be possible that the total of 10,112.72 BTC is the total of mining+sales this week, and that would mean at least 0.025 BTC/share *However I can image a part of that will be hold to pay for upcoming expenses As always, SmiGueL with your wise words! You got this down to a T Thanks for the analysis and I hope everyone is happy with the upcoming dividends, regardless.
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binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
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July 24, 2013, 12:47:04 PM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
I feel so out of the news loop, but many thanks for trying to keep us in the loop Which USB stick miner are you referring to? The one currently being retailed for 1BTC? Is this a price drop announcement? I understood it is a price drop announcement. And the second stick for 0.1 if you buy previously is awesome idea: it will create customer loyalty, also to buy blades or future AM hardware, as they can get (maybe) a kind of compensation later. The fact that a hardware might be worthy or not, therefore, is not purely based on difficulty increase speculation, as far as I know this is the first time. Given the recent volume of 1BTC stick sold, a drop to 0.6 soon will probably mean huge sells volume. If it's confirmed, this would be very good news for me.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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VolanicEruptor
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July 24, 2013, 01:22:22 PM |
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Hopefully the 2nd stick for 0.1BTC will be valid for people who are buying through a distributor, such as wtcr.ca I can see them trying to take that extra margin for themselves.. prove me wrong, teek.. Don't make me rent an international mailbox..
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jimmy3dita
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July 24, 2013, 01:39:15 PM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
source please
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Acquista il mio libro "Investire Bitcoin": clicca qui
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binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
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July 24, 2013, 01:44:03 PM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
source please So far, yuchuanzhen was always right on every news he has shared with us.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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matt_boyd
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July 24, 2013, 01:53:00 PM |
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All right, maybe not 100%, 99.9%?
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keeron
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July 24, 2013, 01:59:50 PM |
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Hopefully the 2nd stick for 0.1BTC will be valid for people who are buying through a distributor, such as wtcr.ca I can see them trying to take that extra margin for themselves.. prove me wrong, teek.. Don't make me rent an international mailbox..
That would be awesome. Hope resellers like canaryinthemine and others get this to... So they can pass it though.
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binaryFate
Legendary
Offline
Activity: 1512
Merit: 1012
Still wild and free
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July 24, 2013, 02:08:05 PM |
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So far, yuchuanzhen was always right on every news he has shared with us.
Thanks for the trust.But I can't be 100% right. I consider it 100% right as long as you specify that it is "unconfirmed", in this case you cannot be wrong
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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VolanicEruptor
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July 24, 2013, 02:24:26 PM |
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Hopefully the 2nd stick for 0.1BTC will be valid for people who are buying through a distributor, such as wtcr.ca I can see them trying to take that extra margin for themselves.. prove me wrong, teek.. Don't make me rent an international mailbox..
That would be awesome. Hope resellers like canaryinthemine and others get this to... So they can pass it though. the customer should get it, since the distributor is selling the products according to what is set out by Friedcat himself.. If they don't, they should lose their rights a reseller is different than someone who has been designated as sole distributor for all national sales
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jimmy3dita
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July 24, 2013, 02:39:45 PM |
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unconfirmed news: The USB stick miner will be charged at 0.6BTC.
source please So far, yuchuanzhen was always right on every news he has shared with us. source please I just asked for a link (even in Chinese) about that, the same of other "rumors" of the past days
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Acquista il mio libro "Investire Bitcoin": clicca qui
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