ASICMINER: Entering the Future of ASIC Mining by Inventing It

[shawshankinmate37927]

Unfortunately, that "steady source of Bitcoins" via AM dividends has turned out to be not-so-steady.

Has FC ever missed a dividend payment?  I've received all of my dividends right on time, every time.

Who said he missed a dividend payment?  I've received all dividends as well, but I don't think anyone here will claim that the size of their dividends has been steady.

Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)

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[velacreations]

Who said he missed a dividend payment?  I've received all dividends as well, but I don't think anyone here will claim that the size of their dividends has been steady.

oh sorry, I thought you meant the payout was not steady.  I didn't realize you meant the size of the dividend.

Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)

yes, though the hardware revenue has remained fairly constant for at least 6 weeks.

[shawshankinmate37927]

Edit:  The decline in estimated mining revenue has certainly been steady since July 1st.  (See the fifth chart from the top: http://www.asicminercharts.com/)

yes, though the hardware revenue has remained fairly constant for at least 6 weeks.

But, I can't help but wonder how many of the people that have been buying AM's hardware are experiencing buyer's remorse now.  I get the sense there aren't going to be a lot of returning customers when new products are unveiled.  Certainly they won't be buying at the same margins.  Personally, I'm hoping this will cause AM to devote a significant part of the current revenues derived from hardware sales to focus more on self-mining in the future.  Self-mining just seems more sustainable over the long-term and buying shares of AM seems like it would be a better deal for all involved than buying AM hardware.

[KS]

Could s.o. please explain to this noob why ppl are dumping the shares?

[Birdy]

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).

[canth]

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).

I dumped and bought at another exchange for essentially the same price. With BTCT's announcement, knowing that I could have one security that wouldn't depend upon a migration process was worth it to me.

[KS]

Could s.o. please explain to this noob why ppl are dumping the shares?

Some people don't want to deal with the hassle of transfering the shares, also btct.co shares were more expensive and thus need to adjust down a little bit. And least but not last the supply on the other exchanges will increase, but demand most likely not as much (some people will quit trading when btct.co is gone).

I dumped and bought at another exchange for essentially the same price. With BTCT's announcement, knowing that I could have one security that wouldn't depend upon a migration process was worth it to me.

Thank you both.

I thought this might have been the case but I was worried sth else was going on.

[ineededausername]

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

[Vycid]

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

[lophie]

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

We are not currently in January. Damn, you are so much of a bear..........

[mutex]

Have you seen cex.io - bitfury commodity exchange? It basically sells GH/s at ghash.io pool. Maybe friedcat could go the same way.

[BitThink]

I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?

[Vycid]

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

We are not currently in January. Damn, you are so much of a bear..........

And FC is not currently deploying hardware, last I checked.

$3/GH is Cointerra's current price for January.  My point is that it may decrease further (for January or otherwise).

I do not understand how either of these observations makes me any more or less bearish.

[glendall]

Have you seen cex.io - bitfury commodity exchange? It basically sells GH/s at ghash.io pool. Maybe friedcat could go the same way.

Huh interesting, haven't seen that site before....  I wonder how safe it is to use though being based in Cyprus...after all the crap that happened there over the last year it's not a promising place to do any sort of business that may run afoul of the banking cartels.

[glendall]

I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?

Possibly, for the first question. No specifications or details at all have been released.

[BitThink]

I have a question about the gen2 chips. According to friedcat's latest update, the order size has not been decided. Does that mean the gen2 chips has been designed and tested? If so, do we know its specification?

Possibly, for the first question. No specifications or details at all have been released.

As far as I know, the difference of cost between 56nm and 130nm is mostly in NRE, so the production cost of gen2 may be not much higher? If so, why postpone the mass production of gen2 chips? No product line has been secured?

[BitThink]

One possibility is that the 500 TH/s is sold in October.  That 500 TH/s is worth $14 per share, or 0.10 dividends per share according to the absurdly high Gox rate, assuming the current conservatively-estimated market price of hashpower drops in half.  If we note that lower denominations of hashpower are irrationally priced higher by the market, and if we value by Bitstamp, we can get up to 0.15 per share...

Another possibility, of course, is that we simply mine with that hashpower, putting us back in the ~20% share of network range, which is a good place to be as well.

I am looking forward to October.

At Cointerra's current $3/GH price (for January), the 500TH is worth $3.75 per share, ignoring the fact that the AM hardware will be less power efficient.

Of course FC is supposed to begin deploying that 500TH by the end of December,  but I'd be very surprised if most of it is deployed before January. He never claimed it would all come online at once and the first generation certainly didn't.

We are not currently in January. Damn, you are so much of a bear..........

And FC is not currently deploying hardware, last I checked.

$3/GH is Cointerra's current price for January.  My point is that it may decrease further (for January or otherwise).

I do not understand how either of these observations makes me any more or less bearish.

In my opinion $3/GH in next Jan equals to $6/GH in this December and $12 in November.

[lophie]

I apologize people if my language is that bad but I thought "Current" is about the present and not the future? 

[Vycid]

I apologize people if my language is that bad but I thought "Current" is about the present and not the future?  

Yes. Cointerra's price in the present. You can go see this current price, right here: http://cointerra.com/. It is not a hypothetical price.

If they change the price tomorrow, then $3/GH will no longer be the current price.

Your language must be very different from English.

[lophie]

I apologize people if my language is that bad but I thought "Current" is about the present and not the future?  

Yes. Cointerra's price in the present. You can go see this current price, right here: http://cointerra.com/. It is not a hypothetical price.

If they change the price tomorrow, then $3/GH will no longer be the current price.

Your language must be very different from English.

so they accept this price to deliver in January and not now. And that makes it "the present"....... hmm now how does this sound like...... kinda remind me of BFL or something.....


This is Bitcoin land. until the hardware is in hand and hashing it is all just speculation. look at ASICMINER share prices!