ASICMINER: Entering the Future of ASIC Mining by Inventing It

[pedrog]

He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.

Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.

I don't think so, that would be insane. Off-chain transactions will get more and more popular.

You run the fractional reserve risk with that, but it's possible, specially for small values.

[1713548570]

1713548570

[dexX7]

I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.

Edit:

http://wenku.baidu.com/view/ede0631876c66137ee06192f.html

This one. I can't tell the page though, it's just from my memory.


Edit 2:

I think the confussion is that FC allegedly said in the interview that 2014 the network hashrate may hit 1000 PH.

[qwertyqwerty]

I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.

yes, that's right
(but not 1000ph, as someone mentioned)

[realdos]

And second half of the interview is just released. .

[donut]

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?

[jeffshed]

someone.....please.....translate....

[realdos]

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?

A brief translation is as below:

1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.

2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.

3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.

[jeffshed]

panic....buy

edit: thank you very much buy the way

[BitHub]

last ditch effort to pump the price to cash out before it goes below ipo prices.

[chriswilmer]

last ditch effort to pump the price to cash out before it goes below ipo prices.

*shrugs* This news is all positive but also very reasonable. Of course it makes sense to wait for Friedcat to post here saying either "Yup, that was me" or "No, those are lies" before making a decision.

[dmcdad]

last ditch effort to pump the price to cash out before it goes below ipo prices.

last ditch effort to get out of short position with shirt still on before AM rebounds.

[freedomno1]

Confirming, http://v.youku.com/v_show/id_XNjI1OTgyMzcy.html

Transcript for both, anyone? Please?

Lol Chinese Pizza hut ad  
Hmm moments I wish there was a settings button for garbled english
That said translation greatly appreciated
Might need to get these moon cat pictures back soon pending of course

[VolanicEruptor]

last ditch effort to pump the price to cash out before it goes below ipo prices.

Typical response of someone who sold at ~0.50. 
Don't feel frustrated, you can still get back in

[realdos]

Sorry if some misunderstanding is caused. The interviewer just confirmed that the 1000P estimation is by the end of 2014, instead of in Feb 2014. Also this estimation is kind of pessimistic, as actual hashrate may be lower than it then.

[redbeans2012]

Just so I understand the claim is that friedcat will have 1 PH around November 7, which  may be around 1/3 to 1/4 of the total network?  Just making sure

[VolanicEruptor]

Just so I understand the claim is that friedcat will have 1 PH around November 7, which  may be around 1/3 to 1/4 of the total network?  Just making sure

Wouldn't only a portion of this become part of the farm.. the rest will be sold as hardware  

[freedomno1]

Just so I understand the claim is that friedcat will have 1 PH around November 7, which  may be around 1/3 to 1/4 of the total network?  Just making sure

Wouldn't only a portion of this become part of the farm.. the rest will be sold as hardware  

I think they said they will keep a certain percentage for internal the rest is sold as hardware

Still that means 940 TH for sale 60 Kept?

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

[damiano]

Time to auction off one of my kidneys

[VolanicEruptor]

You would think FC would be on this shit much faster, we should never have to hear news through word of mouth

[freedomno1]

You would think FC would be on this shit much faster, we should never have to hear news through word of mouth

Unofficial Quote #5 Whistle

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.