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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3918223 times)
VolanicEruptor
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October 24, 2013, 10:40:49 PM
 #14161

https://bitcointalk.org/index.php?topic=252469.0
That is the thread the interviewer post for all the people she interviewed.

Which one is FC?

tinus42
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October 24, 2013, 10:44:52 PM
 #14162

The interviewer is one of our members in the Chinese community. She is not one of AM's board members but she does hold some AM shares. She has been planning to have an interview with Friedcat and finally she made it. We the Chinese Bitcoiners have known her for a long time and she's built her credibility with her interviewing more than 15 people in this community.
I post this video and translation in this thread, assuming that since she already post it on Weibo, a twitter-like service in China, that should become some public information and Friedcat's consent must have been gained to release it.

In an interview you have two people talking. This seems to be a monologue.

Don't care for Star Wars anymore but am stuck with the avatar
muyuu
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October 24, 2013, 10:46:45 PM
 #14163

Someone's excited.  I was thinking about going in...put a buy order in at .66.  Lowest sell order was 58 shares for a little under .8 btc.  Watching...watching...someone picked up all 58 in one buy.  I then panic bought 3 shares real quick at .8.

Edit: Less than 5 min after I posted this, already up at .87 btc and rising fast...

Edit 2: 5 min later, .95 and rising....

Where are you buying?

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
Franktank
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October 24, 2013, 10:49:29 PM
 #14164

Someone's excited.  I was thinking about going in...put a buy order in at .66.  Lowest sell order was 58 shares for a little under .8 btc.  Watching...watching...someone picked up all 58 in one buy.  I then panic bought 3 shares real quick at .8.

Edit: Less than 5 min after I posted this, already up at .87 btc and rising fast...

Edit 2: 5 min later, .95 and rising....

Where are you buying?

Havelock, TAT's PT
VolanicEruptor
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October 24, 2013, 10:51:39 PM
 #14165

BF is eatin through to .90
although not too much buying support to strengthen the jump

Franktank
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October 24, 2013, 10:54:22 PM
 #14166

BF is eatin through to .90
although not too much buying support to strengthen the jump

That comes after the report on the 27th.
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October 24, 2013, 10:54:53 PM
 #14167

this will be a fun ride

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
realdos
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October 24, 2013, 11:08:02 PM
 #14168

One thing I forgot to translate in the video was that the interviewer said the dividend will maintain a low level for a long time, as funds need to be raised to test the 3rd Gen.
VolanicEruptor
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October 24, 2013, 11:11:27 PM
 #14169

One thing I forgot to translate in the video was that the interviewer said the dividend will maintain a low level for a long time, as funds need to be raised to test the 3rd Gen.

This is contrary to FC telling us we would only experience a few weeks of raped dividends, which was 3 weeks ago.  lol   Smiley

TadpolesIsAWinner
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October 24, 2013, 11:14:30 PM
 #14170

One thing I forgot to translate in the video was that the interviewer said the dividend will maintain a low level for a long time, as funds need to be raised to test the 3rd Gen.

3rd Gen coming out in February though right (according to interview)?  So "a long time" = 4 months then?
redbeans2012
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October 24, 2013, 11:14:59 PM
 #14171

One thing I forgot to translate in the video was that the interviewer said the dividend will maintain a low level for a long time, as funds need to be raised to test the 3rd Gen.

This is contrary to FC telling us we would only experience a few weeks of raped dividends, which was 3 weeks ago.  lol   Smiley

I'm sure it would rely on the price of btc.
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October 24, 2013, 11:17:16 PM
 #14172

One thing I forgot to translate in the video was that the interviewer said the dividend will maintain a low level for a long time, as funds need to be raised to test the 3rd Gen.

This is contrary to FC telling us we would only experience a few weeks of raped dividends, which was 3 weeks ago.  lol   Smiley

His Fiat return was boosted by this little rally, good for FC overhead and growth, timing couldn't be better. (declaration I own AM)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
jimmothy
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October 24, 2013, 11:19:52 PM
 #14173

Quote
It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.
Pompobit
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October 24, 2013, 11:20:56 PM
 #14174

Quote
It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.

not yet
dexX7
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October 24, 2013, 11:34:15 PM
 #14175

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.

Actually it just confirms what was said earlier and isn't really news. Several hundred TH were schedueled for "end of the year" and I think 1000 were mentioned in rockxie's presentation. Not sure anymore..

This is the interviewer's thread:

https://bitcointalk.org/index.php?topic=252469.0 (sticky in the Chinese subforum)

VolanicEruptor
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October 24, 2013, 11:35:38 PM
 #14176

I think an excellent point was just made.. most of the BTC for reinvestment has not been converted to fiat yet, meaning ~70% increase of available funds.  The BTC spike itself should be lifting the price up.  This would be the opposite effect of a company who has already converted (you would see a downward shift of share value)

 shit, I'm buying more...

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October 24, 2013, 11:43:08 PM
 #14177

Sell, Sell, Sell ! It's a pump and dump  Cheesy
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October 24, 2013, 11:57:42 PM
 #14178

why there's a baby in the interview, hope he's not friedcat
VolanicEruptor
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October 24, 2013, 11:59:22 PM
 #14179

why there's a baby in the interview, hope he's not friedcat

That would be the 3rd generation miner.  He is going to be trained to solve blocks manually..

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October 25, 2013, 12:01:43 AM
 #14180

The rumor has friedcat predicting an exahash (1000 petahash) of total network power by the end of 2014. That's a hoover's dam worth of power, on gen 3.

http://blog.standardcrypto.com/2013/09/17/what-does-one-exahash-look-like/

I find that a little hard to swallow.

My understanding is that mining becomes uneconomical on electricity costs alone at the current price, somewhere in the 60-80 petahash range. So I don't think it's realistic to forecast a petahash, unless prices rise over a thousand.

Would friedcat really go out on a limb like this? I bought some more on the rumor, but I'm still skeptical.

Quote
It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Has anything about this interview been confirmed or is it all BS? Sounds too good to be true.

not yet
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