Bitcoin Forum
March 04, 2015, 12:10:56 AM *
News: Latest stable version of Bitcoin Core: 0.10.0 [Torrent] (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 [583] 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 ... 1287 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 2291896 times)
Vycid
Sr. Member
****
Offline Offline

Activity: 294


♫ the AM bear who cares ♫


View Profile

Ignore
August 22, 2013, 04:49:16 AM
 #11641

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
myDICE.CO Multicoin Dice Website
*** Play or Invest *** --- *** 100% FAIR ***

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
1425427856
Hero Member
*
Offline Offline

Posts: 1425427856

View Profile Personal Message (Offline)

Ignore
1425427856
Reply with quote  #2

1425427856
Report to moderator
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 04:51:30 AM
 #11642

Most people with significant AM holdings are sophisticated enough

I thought you were just saying we're all idiots for holding  Huh

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
deltanine
Full Member
***
Offline Offline

Activity: 231



View Profile

Ignore
August 22, 2013, 04:53:43 AM
 #11643

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 04:58:37 AM
 #11644

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?


myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
Vycid
Sr. Member
****
Offline Offline

Activity: 294


♫ the AM bear who cares ♫


View Profile

Ignore
August 22, 2013, 05:00:12 AM
 #11645

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

Oh yes, I see the error in my logic. One whale = all whales. Forgive my foolishness.

freedomno1
Hero Member
*****
Offline Offline

Activity: 728


Activity: 9001 == OP


View Profile WWW

Ignore
August 22, 2013, 05:01:31 AM
 #11646

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 05:03:25 AM
 #11647

Oh yes, I see the error in my logic. One whale = all whales. Forgive my foolishness.

well, technically, 2 whales.  Maybe more.  He said "big players".  Implies more than one.

I don't know how many whales there are, so I don't know if 3 whales is a lot or not.  Huh

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
TheSwede75
Full Member
***
Offline Offline

Activity: 224



View Profile

Ignore
August 22, 2013, 05:04:28 AM
 #11648

I would prob say that anyone close to or over board-seat qualifies. So between 3-5k shares?

How many board seats do you have, Swede?

Quote
I'd def say that 10k BTC can cause quite a swing when they move around enough.
with 10k btc, you could crash every single security out there, and make up whatever story you wanted for the reasons.

Hah. I am solidly a "Guppy" with my double digit ownership Smiley

I would prob speculate that most "whales" are indeed holding steady. If you have $1 million + invested its fairly unlikely that a single week of 'underperforming' dividend really shakes you up. Especially considering almost all really major share holders have average purchase prices so low that not only have they made back their entire initial investment several times over in dividends but can realize several hundred % profit from selling anywhere over 1 BTC.

Vycid
Sr. Member
****
Offline Offline

Activity: 294


♫ the AM bear who cares ♫


View Profile

Ignore
August 22, 2013, 05:05:40 AM
 #11649

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

Like one nearly did today.

freedomno1
Hero Member
*****
Offline Offline

Activity: 728


Activity: 9001 == OP


View Profile WWW

Ignore
August 22, 2013, 05:07:02 AM
 #11650

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

There is also nothing to suggest some of them are planning to make an exit any time soon, in fact their is something to suggest that more of them are interesting in increasing their positions.

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 05:09:55 AM
 #11651

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

If 2,000 shares is the minimum for whale status, then I count 13 whales (don't count the PTs)

we know at least 3 whales are not dumping, based on eb3full's information.  That's pretty decent odds.

Can Vycid give us some evidence of 1 whale wanting to dump?

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 05:11:25 AM
 #11652

Hah. I am solidly a "Guppy" with my double digit ownership Smiley

I would prob speculate that most "whales" are indeed holding steady. If you have $1 million + invested its fairly unlikely that a single week of 'underperforming' dividend really shakes you up. Especially considering almost all really major share holders have average purchase prices so low that not only have they made back their entire initial investment several times over in dividends but can realize several hundred % profit from selling anywhere over 1 BTC.

+1
well said, Swede.  Very clear logic. You're a gentleman and a scholar.

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
deadgiveaway
Full Member
***
Offline Offline

Activity: 182



View Profile

Ignore
August 22, 2013, 05:11:35 AM
 #11653

Thanks for the cheap shares, I am now over a goal I set a while ago and am feeling great. TY!!!
friedcat
Donator
Legendary
*
Offline Offline

Activity: 848



View Profile

Ignore
August 22, 2013, 05:14:24 AM
 #11654

Update

We have collected several shareholders' questions for answering.

Could we have an official live hashrate meter from ASICMINER?
We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.

For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

Besides mining, hardware sales, and franchising, are there any other potential sources of revenue?
There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.

Why has the hashrate dropped the past weeks?
It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

eb3full
VIP
Full Member
*
Offline Offline

Activity: 198


View Profile

Ignore
August 22, 2013, 05:15:05 AM
 #11655

friedcat: are you opening up franchising to shareholders in a general sense or is shipping and collateral too much of a pain for it?

"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk." John von Neumann
buy me beer: 1HG9cBBYME4HUVhfAqQvW9Vqwh3PLioHcU
velacreations
Sr. Member
****
Offline Offline

Activity: 434


View Profile

Ignore
August 22, 2013, 05:16:20 AM
 #11656

hey friedcat!  how are ya?

myBitWorth.com - What are your bitcoins worth?
Track all of your bitcoin holdings in one convenient place.
Vycid
Sr. Member
****
Offline Offline

Activity: 294


♫ the AM bear who cares ♫


View Profile

Ignore
August 22, 2013, 05:17:23 AM
 #11657

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

There is also nothing to suggest some of them are planning to make an exit any time soon, in fact their is something to suggest that more of them are interesting in increasing their positions.

I've already produced a rational argument why you should expect them to attempt to exit. I will repeat it here.

As we saw today, the market cannot support significant sell volume. This is unsurprising, since the share price is buoyed by sentiment and not underlying value. ASICMiner has nowhere near 1.2 million BTC worth of assets and intangibles, so it is impossible for all holders to liquidate the current market value of their shares.

So, if everyone cannot liquidate completely, then it is the first actor who profits most. From a game theoretical perspective, every whale should be searching for the best way to be the first one out without demolishing the value of their own shares.

We have already observed some of that action by the daily filling of the bid wall.

VolanicEruptor
Sr. Member
****
Offline Offline

Activity: 392



View Profile

Ignore
August 22, 2013, 05:17:36 AM
 #11658

He's alive.. I thought he got fried

Franktank
Hero Member
*****
Offline Offline

Activity: 560


For Science


View Profile WWW

Ignore
August 22, 2013, 05:17:51 AM
 #11659

Thanks for the update! That'll start the rally for the coming fall!

freedomno1
Hero Member
*****
Offline Offline

Activity: 728


Activity: 9001 == OP


View Profile WWW

Ignore
August 22, 2013, 05:21:40 AM
 #11660

Update

We have collected several shareholders' questions for answering.

Could we have an official live hashrate meter from ASICMINER?
We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.

For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

Besides mining, hardware sales, and franchising, are there any other potential sources of revenue?
There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.

Why has the hashrate dropped the past weeks?
It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

Woot Friedcat
I knew you were due for a post sooner or later thanks for posting  Wink

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
Pages: « 1 ... 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 [583] 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 ... 1287 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!