dexX7
Legendary
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Activity: 1106
Merit: 1024
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October 20, 2013, 08:22:51 PM |
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Because they are losing the mining race
Because they lost the mining game On what is this statement based? Because there is no ready-to-ship gen 2 right now and you think that AM's 40 nm chip will be outdated? |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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October 20, 2013, 08:25:39 PM |
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Quick Update
The original vague range of October 20s is now made accurate at October 27th, when the projected publication of financial reports. This time it will be more detailed and informative than the last time's.
Upcoming scheduled to be happening (in time order):
Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
Thanks for the update Also worth noting We are officially back at 2 Billion marketcap now. http://blockchain.info/charts/market-capOf course how long we stay there is another question entirely in the short term but it is nice to see |
Believing in Bitcoins and it's ability to change the world
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Franktank
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October 20, 2013, 08:26:43 PM |
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The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."
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moribana
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October 20, 2013, 09:23:18 PM |
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Because they are losing the mining race
Because they lost the mining game On what is this statement based? Because there is no ready-to-ship gen 2 right now and you think that AM's 40 nm chip will be outdated? It is very likely that everybody lost the mining game. Meaning that any investment in mining made now and based on currently available chip technology will most likely not be profitable. |
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bbxx
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October 20, 2013, 09:23:43 PM |
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Great news friedcat!
I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.
Now it is good time to take risk of grabbing some more cheap shares !
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bittop100
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October 21, 2013, 12:39:53 AM |
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waiting。。。and waiting
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kmtan
Full Member
Offline
Activity: 196
Merit: 100
I love Bitcoin
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October 21, 2013, 12:40:58 AM |
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Thanks for the update..looking forward for the details report soon..
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starsoccer9
Legendary
Offline
Activity: 1630
Merit: 1000
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October 21, 2013, 01:14:13 AM |
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so he just conveniently does not mention the promised 500 or 1k terahash by end of the year?
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ar9
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October 21, 2013, 01:24:03 AM |
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Great news friedcat!
I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.
Now it is good time to take risk of grabbing some more cheap shares !
You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious. |
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empoweoqwj
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October 21, 2013, 04:54:20 AM |
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The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."
Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here? |
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empoweoqwj
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October 21, 2013, 05:06:25 AM |
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Great news friedcat!
I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.
Now it is good time to take risk of grabbing some more cheap shares !
You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious. He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all  |
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bbxx
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October 21, 2013, 05:20:36 AM |
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Great news friedcat!
I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.
Now it is good time to take risk of grabbing some more cheap shares !
You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious. He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all Lol you are right. I wonder why sarcasm? Here is a list i proposed, tell me wchich one is sercastic 1) blockchain based exchange 2) point of sale terminals 3) bitcoin space heaters with coin slots for pubs/bars etc 4) vending machine bitcoin processing modules  Discuss |
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hl5460
Legendary
Offline
Activity: 1620
Merit: 1000
news.8btc.com
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October 21, 2013, 05:44:15 AM |
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so Asicminer is working on a blockchain based exchange, and so is ActiveMining
hmm
Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin? |
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dillpicklechips
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October 21, 2013, 05:57:22 AM |
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so Asicminer is working on a blockchain based exchange, and so is ActiveMining
hmm
Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin? I would wager some type of colored coins. Mastercoin isn't really needed and it allows friedcat to have total control without adding another abstraction layer. |
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somestranger
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October 21, 2013, 06:29:31 AM |
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Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
I can't wait to hear more about this. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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October 21, 2013, 06:40:46 AM |
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Great news friedcat!
I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.
Now it is good time to take risk of grabbing some more cheap shares !
You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious. He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all Lol you are right. I wonder why sarcasm? Here is a list i proposed, tell me wchich one is sercastic 1) blockchain based exchange 2) point of sale terminals 3) bitcoin space heaters with coin slots for pubs/bars etc 4) vending machine bitcoin processing modules Discuss 1. Ok 2. Out of Scope 3. Terribly inefficient  4. I do want to see a vending machine that accepts bitcoin but still a pipe dream. Use BIPS install IR reader on a vending machine give machine wifi == Woot |
Believing in Bitcoins and it's ability to change the world
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Juzzers
Newbie
Offline
Activity: 28
Merit: 0
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October 21, 2013, 10:28:19 AM |
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Quick Update
The original vague range of October 20s is now made accurate at October 27th, when the projected publication of financial reports. This time it will be more detailed and informative than the last time's.
Upcoming scheduled to be happening (in time order):
Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
Anyone have any ideas what this "payment system" is? |
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ex-trader
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October 21, 2013, 10:55:32 AM |
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This thread nows smells of desperation.
AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......
I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...
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lophie
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October 21, 2013, 12:39:06 PM |
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This thread nows smells of desperation.
AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......
I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...
Maybe the chips burned which will make the similarities to Icarus quite uncanny. |
Will take me a while to climb up again, But where is a will, there is a way...
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VeeMiner
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October 21, 2013, 01:09:49 PM |
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This thread nows smells of desperation.
AM was created and invested in to be a miner and seller of chips. It now barely does either in any scale. Even at 1BTC the current price is saying that it's work 400k x 1 x $190 (Gox) = $76m. Based on what - the idea that it might somehow be able to find some completely new business model.......
I'm afraid Icarus comes to mind - soared to the Sun (Moon in BTC?) and then fell back to earth...
there are only few people that are talking about a new business model. AM is still in the business of BTC mining, only now it's also going for synergy effects - like submerged cooling. |
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