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superduh
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October 01, 2013, 01:26:44 AM |
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shares haven't been this cheap since march
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ok
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"In a nutshell, the network works like a distributed
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hard to stifle." -- Satoshi
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stripykitteh
Legendary
 Offline
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
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October 01, 2013, 01:35:53 AM |
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shares haven't been this cheap since march
I wonder if vycid is now a bull at these prices? Too bad if he has to change his avatar. |
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BitThink
Legendary
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Activity: 882
Merit: 1000
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October 01, 2013, 01:43:12 AM |
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shares haven't been this cheap since march
Maybe due to the shipping of KnC. |
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BTCThousandaire
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October 01, 2013, 01:46:00 AM |
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Right now AM is in last place at mining.thegenesisblock.com and AM is "waiting." News of AM shipping at competitive prices is probably the only thing that will make price go up, and I'm counting on it.
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BitThink
Legendary
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Activity: 882
Merit: 1000
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October 01, 2013, 02:20:53 AM |
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Compared with the other competitors, the main difference is the watts per GH. Bitfury is 1.0w/GH, KnC 1.4w/GH, and AM 7.0w/GH.
If running for 365 * 24 hours, AM blader will use 52.5Kw/GH more than Bitfury.
In a place electricity costs $0.15/Kw, AM blader has to be $7.875/GH cheaper than Bitfury (currently $20/GH). Therefore, the price of next batch (if it can be sold in October) may be around $11-12/GH.
Of course, if most users plan to run the miner for more than 1 year, then the price of blader needs to be cheaper. (1.5years -> $8/GH, 2 years -> $4/GH)
Anyone knows the cost of blader?
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romerun
Legendary
Offline
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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October 01, 2013, 02:51:05 AM |
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there are miners out there that do not really care of electricity considering $/BTC getting higher and higher, $/Gh pry most important.
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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October 01, 2013, 03:16:12 AM |
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shares haven't been this cheap since march
I wonder if vycid is now a bull at these prices? Too bad if he has to change his avatar. Eh, I'm not really inclined to short anymore at 1.2 BTC, but I'm not bullish either. I'm definitely in a "wait and see" mode - anything else would be gambling at this point. If AM is to be worth 1.2 BTC, Friedcat needs to deliver above and beyond all the promises he's already made. The discussions about how the 500 TH up for "deployment" soon being worth 0.1 BTC should put that in perspective, considering how AM is still part of the very early crowd at this point. Margins will continue shrinking. If no mind-blowing news comes within the next month or so I will resume a bearish stance. Reminds me I need to take the disclosure off my sig since I'm not net short anymore  My personal recommendation to investors is to close your positions pending news. There's a lot of downside potential. |
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talnted
Full Member
Offline
Activity: 236
Merit: 100
www.bitcoingem.com
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October 01, 2013, 02:12:12 PM |
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Whats causing the share dump?
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Over 800+ BTC Paid Out! 1110+ Buyers of the Gem! |
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physalis
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October 01, 2013, 05:48:49 PM |
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I think the KnC news had a lot to do with the recent drop.
Their miners are performing way above their promises, with tweaking people get 600+GH out of a miner that was only sold to do 400.
They plan to have all orders shipped by October 15th. The difficulty will go completely insane, it will definitely be the biggest relative increase of this year.
I suspect we'll see it at least double within two weeks, so AM's mining income will half.
The 500TH will do some damage control, but with gen1 chips it means 50,000 boards to either deploy or sell. That's quite a lot, and it will take a while.
The most important thing for AM in my opinion is that they get gen2 going ASAP.
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rudrigorc2
Legendary
Offline
Activity: 1064
Merit: 1000
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October 01, 2013, 06:06:26 PM |
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I think the KnC news had a lot to do with the recent drop.
Their miners are performing way above their promises, with tweaking people get 600+GH out of a miner that was only sold to do 400.
They plan to have all orders shipped by October 15th. The difficulty will go completely insane, it will definitely be the biggest relative increase of this year.
I suspect we'll see it at least double within two weeks, so AM's mining income will half.
The 500TH will do some damage control, but with gen1 chips it means 50,000 boards to either deploy or sell. That's quite a lot, and it will take a while.
The most important thing for AM in my opinion is that they get gen2 going ASAP.
also there is a chance that knc hashpower is already online. |
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ianp
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October 01, 2013, 06:08:25 PM |
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Manipulation of course, same as the sudden drop in gold prices that bares no relation to logical trading practices. Look across other markets and you'll see the same thing with little or no attempt to hide it. Its another desperate attempt to prop up confidence in the USD by making other markets look unattractive, ie. can kicking on a massive scale. We've had everything from the stone age to the communications age and we're now in the retard age because delays create employment dontchknow. Not much point worrying about it, its just a dying empire lashing out at everything around it in the hope of postponing the inevitable. Que "markets can remain irrational..." and "conspiracy nut" misdirection comments  I just want to add that without a government or currency, the value of silver and gold in the short-term would most likely fall. This is due to the fact that it is primarily used as a hedge against inflation (or a long-term value store.) Here's a neat graph illustrating long-term PM prices during inflationary periods: http://media.pimco.com/PublishingImages/PIMCO_Strategy_Spotlight_Johnson_Walny_Fig1.PNG |
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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October 01, 2013, 06:10:24 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
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If you don't own the private keys, you don't own the coins.
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JimiQ84
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October 01, 2013, 06:12:34 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
he doesn't care about share price, why would he? |
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gannicus
Member
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Activity: 80
Merit: 10
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October 01, 2013, 06:19:52 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
He knows what his company is capable of more than we do. In other words, he has privileged information in a market that does not disallow it, and he may use it to his favor as much as he wants. I do not know if he is doing that or not, but he could if he wanted, and most people certainly would. If he or anyone knew, regardless the source and veracity, that the shares should be worth any higher price than they do now, why would they do something to change that instead of profiting themselves of the current situation? |
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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October 01, 2013, 06:19:52 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
he doesn't care about share price, why would he? That would mean he doesn't care about AM investors ... |
If you don't own the private keys, you don't own the coins.
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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October 01, 2013, 06:23:18 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
He knows what his company is capable of more than we do. In other words, he has privileged information in a market that does not disallow it, and he may use it to his favor as much as he wants. I do not know if he is doing that or not, but he could if he wanted, and most people certainly would. If he or anyone knew, regardless the source and veracity, that the shares should be worth any higher price than they do now, why would they do something to change that instead of profiting themselves of the current situation? That is certainly an option, FC is fucking his investors ... but he has a good track record on the opposite. I still trust him 100%, that's why I do not understand his silence while shares are going down sharply. |
If you don't own the private keys, you don't own the coins.
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zoinky
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October 01, 2013, 06:26:38 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
He knows what his company is capable of more than we do. In other words, he has privileged information in a market that does not disallow it, and he may use it to his favor as much as he wants. I do not know if he is doing that or not, but he could if he wanted, and most people certainly would. If he or anyone knew, regardless the source and veracity, that the shares should be worth any higher price than they do now, why would they do something to change that instead of profiting themselves of the current situation? That is certainly an option, FC is fucking his investors ... but he has a good track record on the opposite. I still trust him 100%, that's why I do not understand his silence while shares are going down sharply. Probably because he's as uncertain of the mining game as everyone else and would rather report results he is sure of rather than trying to answer the same questions every day of the week. |
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JimiQ84
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October 01, 2013, 06:27:07 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
he doesn't care about share price, why would he? That would mean he doesn't care about AM investors ... He never promised any share price. What he promised are dividends and he is still delivering those. |
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gusti
Legendary
Offline
Activity: 1099
Merit: 1000
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October 01, 2013, 06:32:24 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
He knows what his company is capable of more than we do. In other words, he has privileged information in a market that does not disallow it, and he may use it to his favor as much as he wants. I do not know if he is doing that or not, but he could if he wanted, and most people certainly would. If he or anyone knew, regardless the source and veracity, that the shares should be worth any higher price than they do now, why would they do something to change that instead of profiting themselves of the current situation? That is certainly an option, FC is fucking his investors ... but he has a good track record on the opposite. I still trust him 100%, that's why I do not understand his silence while shares are going down sharply. Probably because he's as uncertain of the mining game as everyone else and would rather report results he is sure of rather than trying to answer the same questions every day of the week. Hmmm, too much honest comunication ? Not good for a CEO. Specially if company lost 80% valuation in the last couple of months, or so. |
If you don't own the private keys, you don't own the coins.
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physalis
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October 01, 2013, 06:32:44 PM |
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I don´t understand why Friedcat is not giving daily updates to help stop the shares going to the floor.
he doesn't care about share price, why would he? Because he and his partners own a huge pile of those shares? Anyway, I don't think he should make random appearances to "save" the share price... friedcat has always been more about presenting results than making empty promises, which is a good thing. |
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