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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914560 times)
aahzmundus
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August 21, 2013, 12:38:55 PM
 #11421

I really hope we have some good news today... then again it cant be all bad since it is DIV DAY!

There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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darkip
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August 21, 2013, 01:04:10 PM
 #11422

0.01226019
VolanicEruptor
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August 21, 2013, 01:04:45 PM
 #11423

0.01226019

Ouch..

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August 21, 2013, 01:08:02 PM
 #11424

0.01226019

Really?

reputation is everything.
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August 21, 2013, 01:12:26 PM
 #11425


Ok, now I want some juicy update from friedcat what the hell is going on
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August 21, 2013, 01:12:52 PM
 #11426


Hard selling on BTCT as we speak...
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August 21, 2013, 01:17:04 PM
 #11427


Ok, now I want some juicy update from friedcat what the hell is going on

obviously mostly about being <6% of the network, lack of hardware sales lower margins
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August 21, 2013, 01:21:34 PM
 #11428

I think it'll be over .02

Next week? AM already paid out today.
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August 21, 2013, 01:22:34 PM
 #11429

It really shouldn't come as a surprise when we look at the mining income: http://runeks.dk/bitcoin/#mined

It's the lowest it's ever been since ASICMiner went 100% solo.

Without hardware sales, there's a long way to 30 mBTC dividends unfortunately.

Imagine a company having to expand its operation by 80% each month! That's been the reality for ASICMiner the past month: http://runeks.dk/bitcoin/diff.txt

The difficulty has risen by an average of 25% per adjustment for the past month. That's 80% per month! (because when difficulty adjusts 25%, that period will only have taken 14 days divided by 1.25 = 11.2 days).

If this continues (25% difficuty increase every 11 days) then keeping a constant network percentage of, say 10%, will require the addition of 500TH*0.1*0.25 = 12.5 TH every 11 days! That's 1,250 blades every 11 days, or around 110 new blades installed each day. If they work 24/7 that's 4½ blades every single hour just to keep up. And this figure will increase by 25% each 11 days!

Day 0-11: 1250 new blades
Day 11-22: 1550 new blades
Day 22-33: 1950 new blades
Day 33-44: 2440 new blades

Without second generation chips, ASICMiner will keep falling behind unfortunately Sad
velacreations
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August 21, 2013, 01:28:12 PM
 #11430

I think it'll be over .02

Next week? AM already paid out today.

yeah, I hadn't realized.

Well, at least hash rate is back over 50 TH/s:

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August 21, 2013, 01:33:59 PM
 #11431

any idea if in the future am can get back to 4.3+ per share?
maybe by december time?
anyone think this is possible?

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August 21, 2013, 01:35:23 PM
 #11432

any idea if in the future am can get back to 4.3+ per share?
maybe by december time?
anyone think this is possible?

yes, but it will take some good dividends, and a good game plan from FC to address shareholder concerns.

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August 21, 2013, 01:37:20 PM
 #11433

any idea if in the future am can get back to 4.3+ per share?
maybe by december time?
anyone think this is possible?

yes, but it will take some good dividends, and a good game plan from FC to address shareholder concerns.

my left ball tells me that this is not realistic, although as an AM shareholder i'd love to see this scenario

http://btcinvest.net/bitcoin-mining-profit-calculator.php - check it out!next difficulty + time leftcustomizable monthly (diff + USD/BTC) increasements device lead timeupdate: auto-compares device costs to BTC-buy profit ♥ 1btciBCKb59TbzNj5QzC2EXWDARxtJL1f
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August 21, 2013, 01:39:45 PM
 #11434

any idea if in the future am can get back to 4.3+ per share?
maybe by december time?
anyone think this is possible?

yes, but it will take some good dividends, and a good game plan from FC to address shareholder concerns.

By that he would need way more than that... probably a small miracle.
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August 21, 2013, 01:41:47 PM
 #11435

where is profit from usb/blade sales?
do we have a surplus amount of blades?
is the hw sales adding up and just not included in the dividends yet?
and when it will be included will be sky rocketed?

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August 21, 2013, 01:49:02 PM
 #11436

where is profit from usb/blade sales?
do we have a surplus amount of blades?
is the hw sales adding up and just not included in the dividends yet?
and when it will be included will be sky rocketed?

It is possible that friedcat didn't receive all the money from sales, so they will be included in the next dividend. It happened before.

yeah, I would say he hasn't received much at all, actually.

TsuyokuNaritai
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August 21, 2013, 01:52:26 PM
 #11437

where is profit from usb/blade sales?
do we have a surplus amount of blades?
is the hw sales adding up and just not included in the dividends yet?
and when it will be included will be sky rocketed?

It is possible that friedcat didn't receive all the money from sales, so they will be included in the next dividend. It happened before.

yeah, I would say he hasn't received much at all, actually.

From this dividend: 0.00667 is mining, 0.00557 is sales.

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August 21, 2013, 01:52:40 PM
 #11438

It is possible that friedcat didn't receive all the money from sales, so they will be included in the next dividend. It happened before.

One announcement mentioned two weeks payment time, if the purchaser put his shares into collateral.

BTC:    1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY
LTC:    LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
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August 21, 2013, 02:02:11 PM
 #11439

Time to quit!!
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August 21, 2013, 02:07:35 PM
 #11440

Time to quit!!

Hardly, the time to sell would have been when ASICMINER had 25% of the network. The time to buy is now. If you're into making money of course... (Buy low, Sell high)
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