SimonL
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Activity: 113
Merit: 11
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July 31, 2013, 01:03:26 PM |
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Asicminer IMO has something that outshines nearly every competitor out there.
Results.
Even Avalon is fumbling distribution of their Asics and angering customers that continue to wait. Asicminer also has the whole package of talent it needs to remain a permanent fixture into the future. They've also been in the mining game the longest. That should speak volumes.
Asicminer has months before the supposed competition even gets in on the ground floor with their next gen ASICS, and lets not forget there is no guarantee the chips they do produce will be as efficient on paper or work to spec. Regardless of their experience or talent, all these new Asic designers should be considered rookies. Whats more there seem to be a percieved rush to get these chips made asap, and there is a much higher likelihood mistakes will be made, and any chink in these new designs could be the difference between getting to market first of getting left behind. BFL is a classic example of what happens in that situation.
I think what's happening is people see movement with new competitors and this has ruffled feathers, people are rushing to lock in gains, shifting money to new offerings in the hope it'll take off like Asicminer did, etc.
I'm expecting in a few days the shine will dull on these companies that have delivered zilch, and Asicminer will continue to underpromise and overdeliver in the coming weeks. I also highly doubt that Friedcat has been sitting idly by while competitors pull the rug out from under him with more efficient chips.
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canth
Legendary
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Activity: 1442
Merit: 1001
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July 31, 2013, 01:04:16 PM |
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I'm almost certain they could fix the issue in 20 minutes by just connecting their editing the config-file of their bitcoin client to connect to a few of the well-known supernodes. That should easily fill the blocks with transactions, and also propagate their blocks quickly so as avoid orphans.
Yup. They could even VPNize the connection to those supernodes for more safety against the great firewall. Honestly, I'll provide the nodes and VPNs for free, given how cheap and simple it is to do. It should be a top priority given the benefits. Have either of you run a data center in china or had customers in china connect to your datacenter in say Tokyo or NY? I have - it's not as easy as it is in other places around the world. Let's wait for Friedcat's comments before we fix all his problems.  |
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velacreations
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July 31, 2013, 01:07:19 PM |
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I think what's happening is people see movement with new competitors and this has ruffled feathers, people are rushing to lock in gains, shifting money to new offerings in the hope it'll take off like Asicminer did, etc.
I'm expecting in a few days the shine will dull on these companies that have delivered zilch, and Asicminer will continue to underpromise and overdeliver in the coming weeks. I also highly doubt that Friedcat has been sitting idly by while competitors pull the rug out from under him with more efficient chips.
I agree with this, but I'd like to get more information from FC and the team about issues and products. Some news about the new blades is overdue, IMO. |
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lano1106
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July 31, 2013, 01:20:41 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. |
BTC: 1ABewnrZgCds7w9RH43NwMHX5Px6ex5uNR
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velacreations
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July 31, 2013, 01:25:35 PM |
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the US is waking up, and the share price is creeping up in anticipation of the dividend
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Mausini
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July 31, 2013, 01:30:08 PM |
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it's funny to see that all these douchebags usually spamming this thread went surfing speculation bubbles somewhere else. Thank you activemining, labcoin etc!!! Thanky you!
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aahzmundus
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July 31, 2013, 01:35:44 PM |
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the US is waking up, and the share price is creeping up in anticipation of the dividend
I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOIN |
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velacreations
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July 31, 2013, 01:40:06 PM |
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I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOINthat IPO doesn't go live for another 11 hours or so. So, folks could get the AM dividend and then go jump on that, if they wanted. no need to sell AM at 4.2. |
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Lohoris
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July 31, 2013, 01:56:59 PM |
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I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOINthat IPO doesn't go live for another 11 hours or so. So, folks could get the AM dividend and then go jump on that, if they wanted. no need to sell AM at 4.2. Maybe not everyone has time to sit in front of their terminal all day? |
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aahzmundus
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July 31, 2013, 02:10:28 PM |
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I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOINthat IPO doesn't go live for another 11 hours or so. So, folks could get the AM dividend and then go jump on that, if they wanted. no need to sell AM at 4.2. Maybe not everyone has time to sit in front of their terminal all day? Not only that, but sales on BTC-TC go on a first in first out policy. So if you get your bid in at the lowest price point IPO sells at before the next guy, you win. Placing bids sooner has an advantage. |
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SimonL
Member
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Activity: 113
Merit: 11
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July 31, 2013, 02:21:54 PM |
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the US is waking up, and the share price is creeping up in anticipation of the dividend
I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOINWell, looks like that is where all the shares are leaking value to. I'm not exactly sure how Labcoin is going to compete though. Considering Avalon already dominates the 130nm chip space and others are already shooting for 28nm in the months ahead. I can only reason the investers flooded the IPO and are hoping for a quick rise from the early enthusiasm so they can bail as soon as the share price rises a little. Solidly performing shares are being sold like they are going out of style just for this business plan. Am I biased in saying that Labcoin does not have such a solid plan? How can this possibly be competitive in relation to Asicminer et al? |
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Rannasha
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July 31, 2013, 02:24:34 PM |
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the US is waking up, and the share price is creeping up in anticipation of the dividend
I believe a good number of people may be pulling out to get in on the LABCOIN IPO. The order book is already filled up to sell out the full compliment of shares the second it goes live... people are freaking out. https://btct.co/security/LABCOINWell, looks like that is where all the shares are leaking value to. I'm not exactly sure how Labcoin is going to compete though. Considering Avalon already dominates the 130nm chip space and others are already shooting for 28nm in the months ahead. I can only reason the investers flooded the IPO and are hoping for a quick rise from the early enthusiasm so they can bail as soon as the share price rises a little. Solidly performing shares are being sold like they are going out of style just for this business plan. Am I biased in saying that Labcoin does not have such a solid plan? How can this possibly be competitive in relation to Asicminer et al? I'm pretty sure that a ton of people put money into the Labcoin IPO hoping for a sharp spike in price just after, so they can sell and take profits. |
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jarhed
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July 31, 2013, 02:28:37 PM |
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AM found one!!  What's that, like several hours. Oh, the good ol days..... |
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Voodah
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July 31, 2013, 02:35:07 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. This is it guys. When BTC dropped to 68, AM acted as hedge and went all the way up to +5. We are now recovering on the BTC/USD side and AM is correcting back down. |
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aahzmundus
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July 31, 2013, 02:40:49 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. This is it guys. When BTC dropped to 68, AM acted as hedge and went all the way up to +5. We are now recovering on the BTC/USD side and AM is correcting back down. Ehh, I still question the correlation to USD/BTC. You are buying a share in btc, to earn a profit in btc... div is paid in btc. Only fiat comes in with fixed costs like power, making the chips, that stuff, which is a fraction of what we take in. Unless someone can chart it for me and show me a good correlation, I do NOT think fiat prices have a huge effect on AM prices. I do not even consider fiat in any way when thinking if AM is a good buy or if I should be selling. I might if operating costs were ever a larger portion of our take. |
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lano1106
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July 31, 2013, 02:48:55 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. This is it guys. When BTC dropped to 68, AM acted as hedge and went all the way up to +5. We are now recovering on the BTC/USD side and AM is correcting back down. Ehh, I still question the correlation to USD/BTC. You are buying a share in btc, to earn a profit in btc... div is paid in btc. Only fiat comes in with fixed costs like power, making the chips, that stuff, which is a fraction of what we take in. Unless someone can chart it for me and show me a good correlation, I do NOT think fiat prices have a huge effect on AM prices. I do not even consider fiat in any way when thinking if AM is a good buy or if I should be selling. I might if operating costs were ever a larger portion of our take. BTC has a relative value. It is not decoupled from the rest of the other currencies. This is true for the other exchanges. USD is strong S&P500 tank. The FED announce moar QE equities soar. BTC nominated equities are no different. What amaze me is how identical BTC economy work compared to existing systems (minus maybe Wall Street big players). |
BTC: 1ABewnrZgCds7w9RH43NwMHX5Px6ex5uNR
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Voodah
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July 31, 2013, 02:49:34 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. This is it guys. When BTC dropped to 68, AM acted as hedge and went all the way up to +5. We are now recovering on the BTC/USD side and AM is correcting back down. Ehh, I still question the correlation to USD/BTC. You are buying a share in btc, to earn a profit in btc... div is paid in btc. Only fiat comes in with fixed costs like power, making the chips, that stuff, which is a fraction of what we take in. Unless someone can chart it for me and show me a good correlation, I do NOT think fiat prices have a huge effect on AM prices. I do not even consider fiat in any way when thinking if AM is a good buy or if I should be selling. I might if operating costs were ever a larger portion of our take. Doesn't really matter if you yourself view it that way or not. I also do not assess the outcome of my investments this way, if I put btc I look at btc. But the market certainly thinks differently. The correlation is there, easy to see. And thinking about it, honestly, I think it is not the result of people thinking as you say in fiat, but rather a natural response to the fact that there was/is no natural hedging mechanism for a btc investment. AM, the best performing stock, has somehow become that mechanism (or at least it did so during the last wave down) for a fraction of the market who were in clear demand of such a thing. |
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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July 31, 2013, 02:49:47 PM |
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Ah... is THAT what's going on? Interesting! Div predictions anyone? I'll start: 0.02 |
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SimonL
Member
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Activity: 113
Merit: 11
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July 31, 2013, 02:52:19 PM |
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have I missed something crucial or why is the AM price imploding on dividend day?
Another explanation USD/BTC rate. AM share price in USD remains relatively stable. This is it guys. When BTC dropped to 68, AM acted as hedge and went all the way up to +5. We are now recovering on the BTC/USD side and AM is correcting back down. It's tempting to think that, but the dividend profits remain the same, additionally the expenses for Asicminer reduces since they don't need to convert as many to cover costs, thus there would likely be a marginal increase in dividends, thus justifying the price of the shares remaining the same (or perhaps even higher since AM is suddenly spitting out higher divs). Asicminer's competitiveness to reap massive profits haven't changed, and even though there are competitors on the horizon, they are still left to prove themselves. BTC holders really shouldn't be losing value on the shares in BTC, only those that aren't in the Bitcoin economy should be at a disadvantage. |
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