ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Pale Phoenix]

You're a wanker.

 

What, no eruption? You disappoint.

[VolanicEruptor]

You're a wanker.

 

What, no eruption? You disappoint.

I laugh when i hear words like "wanker" and "cheers".
I can't erupt over entertainment value from strange countries..

[cp1]

The price has pretty well recovered already.

[freedomno1]

The price has pretty well recovered already.

Its stable on btct and bitfunder still a bit of lag on havelock though

[burnside]

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)

[deltanine]

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)

Every time you post now, burnside, there is a sell-off at BTC-TC.

[freedomno1]

For those running to the safety of AM direct shares - I see this as largely unnecessary. In the worst case scenario, in the event that BTCTC is met with a cease and desist or other enforcement action, Friedcat has an updated listing of all of our share allocations, sent twice a day. https://btct.co/faq

I'm not saying there wouldn't be negative ramifications if BTCTC were targeted - surely liquidity and share price would be affected. However, those of us with AM PT shares are not SOL in that case.

*Full disclosure - I own both direct and PT shares and I am not planning on changing my allocations anytime in the near future.

This is a good point.

Yes, Friedcat is emailed a full shareholder list (includes email and btc address) several times a day.  If the servers ever got pulled, he has everything he needs to pull the shares back in-house to direct shares.

I am not certain, but I suspect this is unique to BTCTC.  BitFunder has a good approach with publishing the addresses publicly if you turn it on, (if you haven't, do it now.) but does not include emails in that so Friedcat would not have a way to contact users directly.  Havelock and 796 I have no idea what is setup.  (Anyone know?)

I have no idea posts in the havelock thread well we can download our whole trade history but better to inquire what happens exactly
Download as CSV/Excel
https://www.havelockinvestments.com/transactions.php?csv

[BitAddict]

Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (National Instrument 45-106).

Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.

don't tell people that, you'll make the price rise before my confirmations...

3 confirmations never went so slow... I missed the train 

Finally I got some cheap shares 

[JordanL]

Jumping ship from BTCTC to Havelock is ridiculous as they are in no better position with respect to Canadian exempt securities regulations (National Instrument 45-106).

Everyone panicking is throwing money away, which I'm sure is pleasing to the speculators among us. Stay calm, there really is no urgent need to do anything.

don't tell people that, you'll make the price rise before my confirmations...

3 confirmations never went so slow... I missed the train 

Finally I got some cheap shares 

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

[kares]

I had trouble understanding the timeline form friedcat's post on page 532:

Project Timeline

August-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.

What does that timeline refer to? Hardware leasing/franchising, or the actual hardware sales?Can anyone please enlighten? Verb combination Deploy/sell confuses me in particular.

[Franktank]

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 BTC/share
0.7 BTC/share
1.2 BTC/share
2.5 BTC/share
4.5 BTC/share

Double digits will happen in 2013.

[Strange Vlad]

I had trouble understanding the timeline form friedcat's post on page 532:

Project Timeline

August-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.

What does that timeline refer to? Hardware leasing/franchising, or the actual hardware sales?Can anyone please enlighten? Verb combination Deploy/sell confuses me in particular.

Well, as I understand it, "deploy" means mass deployment (either themselves or by franchise) and "sell" means retail sales.  Or maybe franchise falls under "sell", but either way "deploy/sell" must include anything you can do with the hashpower.

[dree12]

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?

[TsuyokuNaritai]

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?

Friedcat's franchise plans on top of the hardware selling implies he's planning to grow way beyond 30% of the hashrate share. Do you want to bet against him?

[dree12]

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 XBT/share
0.7 XBT/share
1.2 XBT/share
2.5 XBT/share
4.5 XBT/share

Double digits will happen in 2013.

Double digits would entail ASICMiner shares making up 30% of all bitcoins ever mined. Do you really believe ASICMiner is worth that much?

Friedcat's franchise plans on top of the hardware selling implies he's planning to grow way beyond 30% of the hashrate share. Do you want to bet against him?

ASICMiner products probably exceed 30% of the hashrate share already. But you have to realize this:

ASICMiner valuation = (ASICMiner hashrate share + ASICMiner customer hashrate share) * mining share of bitcoin valuation * bitcoin valuation

I highly doubt all mining makes up 30% of Bitcoin's industry, let alone a part of mining.

[binaryFate]

Train will remain alive and well until the next official hardware announcement... then we'll all be bitching about not buyiing enough shares under BTC6.

Agreed, we've had several stops on this train ride already:

0.5 BTC/share
0.7 BTC/share
1.2 BTC/share
2.5 BTC/share
4.5 BTC/share

Double digits will happen in 2013.

I agree with you.

[romerun]

I think AM already can already be bigger than btcguild, but doing that does not look good for decentalization sake of btc (or even heating up competition), so they are trying to sell hardware at the price that the expected return is pretty close to mining it themselves. But there are competitors out there looking to undercut AM price, like those rogue Avalon chips, or 22mn KNC (if it turns out as promised why don't they just mine them, too f*king generous to be true). The crispy fc "franchise" thing is probably designed to look more attractive customers than hardware sale.

It's like they are sneakily maintaining virtual 30%+ hashrate, by combining solo mining + other means.

[HorseRider]

either way "deploy/sell" must include anything you can do with the hashpower.

+1

[BBazaar]

Can't hate on ASIC Miner for being the pioneer.  Competition will prevent them from reaching 51%.  Hopefully it won't be an issue anyways.  But at some point, there will be more profitable ventures for the company beyond simply mining and competition will continue to erode their hashrate share. 

[kares]

I had trouble understanding the timeline form friedcat's post on page 532:

Project Timeline

August-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.

What does that timeline refer to? Hardware leasing/franchising, or the actual hardware sales?Can anyone please enlighten? Verb combination Deploy/sell confuses me in particular.

Well, as I understand it, "deploy" means mass deployment (either themselves or by franchise) and "sell" means retail sales.  Or maybe franchise falls under "sell", but either way "deploy/sell" must include anything you can do with the hashpower.

Yea, that much I figured, but I'd much rather buy my own stuff than lease it tbh, and friedcat's post was too ambiguous to that end. I guess we'll just have to wait.