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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
ex-trader
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August 24, 2013, 11:04:18 AM
 #11701


- Hash-share of AM has fallen massively.

- Too many firms chasing fewer coins that require far more effort and expense to mine.

- Hardware sales are falling since the value of these is directly linked to mining profitability which is falling. Most devices bought by consumers will never re-coup investment costs.

- No proven ability to generate significant transaction fees, since fee are still small and have not grown in a year.

I said all this when AM hit 5BTC, I sold and got mocked for talking it down, now it's back down to the 2.5-ish thats it's actually worth. AM have always done great stuff, but some people got carried away with the current dividends and drove the price too high.
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August 24, 2013, 11:51:25 AM
 #11702

is ghash.io the bitfury hardware test pool before delivering to customers ? or is it that 100TH project farm ? I'm confused.

it's not 100TH so probably bitfury.
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August 24, 2013, 02:14:17 PM
 #11703


- Hash-share of AM has fallen massively.

This is currently the biggest issue, IMO.  It shows there are issues being worked out with the mining operation.  Whatever those issues are, I hope they get it worked out soon, otherwise dividends will suffer again this week.

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August 24, 2013, 02:17:45 PM
 #11704


- Hash-share of AM has fallen massively.

This is currently the biggest issue, IMO.  It shows there are issues being worked out with the mining operation.  Whatever those issues are, I hope they get it worked out soon, otherwise dividends will suffer again this week.

I believe that the current withholding of dividend payments is going to continue for a while and that also explains some of the selling. 

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August 24, 2013, 02:20:23 PM
 #11705

We see 2.7 again. But this time it seems no one is excited by this low price again. Bad sign?
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August 24, 2013, 02:27:13 PM
 #11706

We see 2.7 again. But this time it seems no one is excited by this low price again. Bad sign?

I'm just sitting here with my Coinbase account and trying to talk myself out of buying more.  I really don't think anything's changed.  We had a whale dumping, dividends being withheld for a good reason, the new leasing business is still in the works, we know that friedcat can manufacture and deploy massive THS, we trust him to try to do so. 

I'm just thinking 2.5 is a possibility and trying to decide what to do... I suspect EB or another whale is dumping, somebody who bought a lot at that last long-term price static point, 2.5.

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August 24, 2013, 02:41:37 PM
 #11707

AM has had several peaks well over 90 th/s.

Currently, they are hashing at about 53 th/s over the past 24 hours.

http://www.dpcapital.net/blockchain/?hours=1,2,4,8,12
AM probably hasn't had any peaks over 90 TH/s. What we are looking at are estimates.

If you look at my site http://runeks.dk/bitcoin/ (which is the chart Smiguel uses on http://asicminercharts.com/, but for the entire period AM has been hashing), you can see that the 24-hour estimate varies considerably. This is not (in all likelihood) the AM hashrate going up and down continously. It's caused by having to guess a hashrate using only around 15 data points per 24 hours.
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August 24, 2013, 03:07:27 PM
 #11708

Chain of bad luck or outage?

don't let me make you question your assumptions
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August 24, 2013, 03:22:14 PM
 #11709

What is the bottom price, any idea ?
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August 24, 2013, 03:23:52 PM
 #11710

What is the bottom price, any idea ?

I just bought at 2.55 but I suspect it'll go lower (just not willing to bet on it), probably bounce around 2.35 or so.  I don't have any analysis (although I did spend an afternoon writing a fetcher for BTCT trade data).  It was at that 2.5 level for a month, so I suspect it'll hold or bounce a little below there.  

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August 24, 2013, 03:24:17 PM
 #11711

What is the bottom price, any idea ?

What board members are willing to sell at.

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August 24, 2013, 03:39:41 PM
 #11712

Did AM just hit an all-time high for hash rate?





Seems more like all-time lowest Sad ... another sell of going on 2.5 on BTCT
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August 24, 2013, 03:46:03 PM
 #11713

This is low price is just stupid.






 
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August 24, 2013, 03:49:26 PM
 #11714

This is low price is just stupid.
 

 love it.. I'm slowly creepin back in.  There was no way I was going to buy at 3.50


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August 24, 2013, 03:54:25 PM
 #11715

I can't believe that people selling at this price.


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August 24, 2013, 03:56:23 PM
 #11716

I suspect EB or another whale is dumping, somebody who bought a lot at that last long-term price static point, 2.5.

I'm not selling anything. But I expect the price to keep going down, down, down, down.

Anyone selling right now has computed out the risks that the price is going to go down and that dividend payments are going down, and that the asset is going to have trouble competing. We're pretty much back at IPO right now: friedcat's assembly line, capital investments and new technology have to puncture a very competitive environment and we can only hope they are ready to do so.

But I went through one IPO with friedcat, I think I can go through another. Cheesy

"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk." John von Neumann
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August 24, 2013, 04:03:07 PM
 #11717

I can't believe that people selling at this price.




Why would THIS be stupid ? Gone are the times AM could do 20-30% of network without effort. They will need to invest heavily to obtain at least 10% which will cut into dividends. This is pretty logical to me ...
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August 24, 2013, 04:06:14 PM
 #11718

Like with all securities, ASICMINER will go down until we see capitulation at which point it will skyrocket.
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August 24, 2013, 04:06:21 PM
 #11719

I can't believe that people selling at this price.




If someone believes that the share price will still be going down, selling now and buying the shares back at a later time would be reasonable for that person. (I'm just saying, and I'm holding my shares.)
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August 24, 2013, 04:19:45 PM
 #11720

The rapid sell-off is really gnawing on my nerves, but I missed the time to jump and rebuy. I sold some at 3.9 and bought back around 3, but still...

Anyway, having been in since the IPO my investment in fiat has increased already by a factor of over 100 with the part I have taken out, so even at 0 I am actually really lucky.
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