ASICMINER: Entering the Future of ASIC Mining by Inventing It

[velacreations]

Ok, make sense to me. Good luck to educate all newcomers...

go velaBot, go!

[freedomno1]

Price of BFL Single: $2499 for 50Ghs.

Price for 5x AM blades: 3.5btc x 5 x 130 = $2275 for 50Ghs.

Every single BFL device that has been pre-ordered just got undercut. I would expect nearly every rational actor with a BFL preorder to cancel immediately. Friedcat just bankrupted them.

this realization just made me so happy..... it nearly brought a tear to my eye.

Smiles before 2012 feels bad for the original investors after 2013 can say fairly well with an hourglass they knew that was coming someday.

[FloatesMcgoates]

Are the proceeds from this new blade sale going to be reserved to help deploy gen 2 or will they be included in next week's dividends?

[eb3full]

Smiles before 2012 feels bad for the original investors after 2013 can say fairly well with an hourglass they knew that was coming someday.

Can you parse this for me?

I tried this:

WORD PREPOSITION NOUN VERB ADVERB PREPOSITION ARTICLE ADJECTIVE NOUN PREPOSITION NOUN HELPING_VERB VERB ADVERB PREPOSITION ARTICLE NOUN PRONOUN () VERB ARTICLE HELPING_VERB VERB WTF

[bbxx]

Only on polish forum 52 blades were sold today.



So i think he sold a lot more:)

[binaryFate]

I've given up understanding freedomno1 long ago...  After all, maybe it's not my English 

I think FC only sold few hundreds blades. That's a totally out of nowhere guess without any fact backing it, but given the short time it took to sold out, my feeling is that it was rather limited. If that's the case, it was fun to see but won't have much impact on dividends.

In my opinion what is really important here, though, is the impact of seeing such prices, for other businesses. That's true for BFL because the maths are easy to do and everybody with a pre-order got screwed immediately (in case they still didn't get it until today...). But beyond that, a key point here is that it makes everybody wonder a bit more before choosing between (i) making a pre-order right now with many uncertainties, or (ii) wait and buy hardware from AM later, to get it in hand just days later.

It has become obvious for everybody that AM is adjusting prices quickly and smartly. Many were shouting that AM was overpricing, but today we made a step further the road of realizing that as we get closer to the delivery time windows of some competitors (KnC first I think, maybe BitFury), the prices of AM will also get much more comparable with them. I'm curious to see the pricing of AM beginning of October: it is possible that all KnC customers get screwed like today's BFL ones with a single message of fc. Interesting times ahead, I'm happy to stand on this side!

[DebitMe]

Cough Cough now is a good time to buy...

If Avalon starts sending out refunds, think of the money that will be pumped into AsicMiner...

[hammurabi]

Only on polish forum 52 blades were sold today.



So i think he sold a lot more:)

Can You hand a link to that forum?
Thx.

[dhenson]

Cough Cough now is a good time to buy...

If Avalon starts sending out refunds, think of the money that will be pumped into AsicMiner...

You should know that a very large IPO is about to hit btct.co. Historically when this happens, most other securities dip as people switch securities. 

[freedomno1]

Smiles before 2012 feels bad for the original investors after 2013 can say fairly well with an hourglass they knew that was coming someday.

Can you parse this for me?

I tried this:

WORD PREPOSITION NOUN VERB ADVERB PREPOSITION ARTICLE ADJECTIVE NOUN PREPOSITION NOUN HELPING_VERB VERB ADVERB PREPOSITION ARTICLE NOUN PRONOUN () VERB ARTICLE HELPING_VERB VERB WTF

2012 BFL was the leader 2013 BFL was proven to be a bad investment choice
I'll just use Korbmans post as its much clearer
https://bitcointalk.org/index.php?topic=119628.msg3028093#msg3028093

(In 2012 I feel bad for BFL's original investors. In 2013 it was becoming a bad investment investors could see a mile away, the smile references AM being cheaper than BFL's original units soon)

I've given up understanding freedomno1 long ago...   After all, maybe it's not my English  

I try to use Anastrophe sometimes geez no one appreciates a good Anastrophe XD
http://en.wikipedia.org/wiki/Anastrophe

Cough Cough now is a good time to buy...

If Avalon starts sending out refunds, think of the money that will be pumped into AsicMiner...

You should know that a very large IPO is about to hit btct.co. Historically when this happens, most other securities dip as people switch securities.  

Dhenson which IPO?
ICEDRILL.ASIC (1/8)
SANDSTORM (1/8)
COG.F3         (4/4)
PETA-MINEʡʬ  (4/4)

[N_S]

You should know that a very large IPO is about to hit btct.co. Historically when this happens, most other securities dip as people switch securities. 

Well, out with it then!

[stripykitteh]

You should know that a very large IPO is about to hit btct.co. Historically when this happens, most other securities dip as people switch securities.  

Well, out with it then!

It's this:

https://btct.co/security/PETA-MINE

https://bitcointalk.org/index.php?topic=280570.0

[superduh]

You should know that a very large IPO is about to hit btct.co. Historically when this happens, most other securities dip as people switch securities.  

Well, out with it then!

It's this:

https://btct.co/security/PETA-MINE

https://bitcointalk.org/index.php?topic=280570.0

ya, whatevs there is always a difference between a mining operation and getting the mining equip straight from factories with no markup and mining yourself. mining companies can compete but not on the same level as the manufacturer/miner

[philipma1957]

Price of BFL Single: $2499 for 50Ghs.

Price for 5x AM blades: 3.5btc x 5 x 130 = $2275 for 50Ghs.

Every single BFL device that has been pre-ordered just got undercut. I would expect nearly every rational actor with a BFL preorder to cancel immediately. Friedcat just bankrupted them.

bfl is hashing lots of th as we speak.  they won't go bankrupt. just look at the unknown  hashrate


http://blockchain.info/pools  

16% of 550th is  88th   or 176 "new" mini rigs .  don't you think bfl is using some mini-rigs to stay afloat?  Maybe not 176 but 20 or 30 or 40 of them.

https://ghash.io/
This pool is also counted as unknown, so....

Title of the topic was "limited quantity" so propably not more then 100. It sold out so quickly...

 thanks so that drops the number down to 50-65th  still room for 40x 500gh units.  I only say it because they have not sold much in a while, yet they still are open. 20th would keep them afloat. it would be about 150 coins a day.  they could stick around and ship out some gear to keep the hounds at bay so to speak. still waiting on 2 jallys from them, but I paid the older lower prices and I canceled 3 little singles while they let us do cancellations. the 3 blades I ordered today will do nicely. even at the 5btc price the are worth it as they allow me to offload  a lot of asic sticks.

[dhenson]

ya, whatevs there is always a difference between a mining operation and getting the mining equip straight from factories with no markup and mining yourself. mining companies can compete but not on the same level as the manufacturer/miner

I completely agree and that's why I've always stuck with companies that make their own chips.  That 'rule' has served me quite well.  I'm not advocating for Peta-mine here. I'm just stating that others may be investing in a large IPO that will demand people sell other positions in order to invest.

However...

Asicminer:
  Currently having difficulty maintaining running blades.  In fact, in friedcat's most recent post he even mentioned that one of the reasons they aren't posting an actual hashing meter is because it would require them to perform more maintenance (leading one to assume they are laxed on the maintenance and letting people see that would be a problem).  This is further exacerbated by mysterious network issues that cause them to be unable to process all available transactions (losing fee's) and leading to orphaned blocks (highest orphaned block count of any mining pool).  These same 'network issues' are frequently friedcat's excuse as to why hashing seems to be going offline.  How hard is it to hire quality sys admins in China anyway?

Labcoin:
  Small time player with questionable trust issues.  Their stock price is already over priced considering the % of the network they will be able to realistically maintain being late to the game on old technology with limited funding.

ActiveMining:
  Complete silence from them is leading investors to lose confidence.  If you look at what they are offering and compare it to their competition, it's hard to see how they will make shareholders any profit with a 16GH, power hungry chip that realistically won't be out until mid November.

Given the state of available securities it is easy to see why people might be open to investment in a company like Peta-Mine.

[superduh]

the problem with peta- mine and other mining ipos is that they depend on the manufacture to not fuck up - deliver on time, no problems with equipment etc. basically you have to deal with all manufacturing problems + 3rd party running everything. two separate layers of possible failures.

[Mabsark]

ya, whatevs there is always a difference between a mining operation and getting the mining equip straight from factories with no markup and mining yourself. mining companies can compete but not on the same level as the manufacturer/miner

I completely agree and that's why I've always stuck with companies that make their own chips.  That 'rule' has served me quite well.  I'm not advocating for Peta-mine here. I'm just stating that others may be investing in a large IPO that will demand people sell other positions in order to invest.

However...

Asicminer:
  Currently having difficulty maintaining running blades.  In fact, in friedcat's most recent post he even mentioned that one of the reasons they aren't posting an actual hashing meter is because it would require them to perform more maintenance (leading one to assume they are laxed on the maintenance and letting people see that would be a problem).  This is further exacerbated by mysterious network issues that cause them to be unable to process all available transactions (losing fee's) and leading to orphaned blocks (highest orphaned block count of any mining pool).  These same 'network issues' are frequently friedcat's excuse as to why hashing seems to be going offline.  How hard is it to hire quality sys admins in China anyway?

Labcoin:
  Small time player with questionable trust issues.  Their stock price is already over priced considering the % of the network they will be able to realistically maintain being late to the game on old technology with limited funding.

ActiveMining:
  Complete silence from them is leading investors to lose confidence.  If you look at what they are offering and compare it to their competition, it's hard to see how they will make shareholders any profit with a 16GH, power hungry chip that realistically won't be out until mid November.

Given the state of available securities it is easy to see why people might be open to investment in a company like Peta-Mine.

If you think Labcoin is overpriced then you haven't done the maths.

In 2 weeks it will have 3-4 Th/s online, so let's say about 0.5-1% of the network hash rate. 0.5% of the network hash rate will produce mining dividends of 252 BTC per difficulty round. With 10,000,000 Labcoin shares and 30% of profits being reinvested, that gives 0.00001764 BTC per share per difficulty round. For the price of 1 AM share, you can buy about 1000 Labcoin shares, which would provide 0.01764 BTC per difficulty round.

A month later it will have about 50 Th/s, which will be between 5-8% of the network. At 5% of the network and 30% of profits being reinvested, each share will get 0.00017640 BTC per difficulty round. Those same 1000 shares as before, which currently cost about the same as 1 AM share, would produce 0.17640 BTC per difficulty round.

[Rival]

I don't pay for promises. I pay for results and delivery.

Others promise. And promise. And promise.

Friedcat delivers.

[Mabsark]

I don't pay for promises. I pay for results and delivery.

Others promise. And promise. And promise.

Friedcat delivers.

Sure he does. That's why AM has been hashing away with 266 Th/s since June.

[Franktank]

Sure he does. That's why AM has been hashing away with 266 Th/s since June.

You and Vycid should get together, I have a feeling both of you would get along.