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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916346 times)
lophie
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October 25, 2013, 12:10:02 PM
 #14241

on 27th will know for sure, what is going on. so chill and enjoy cheap shares

u mean sell higher Wink

Will take me a while to climb up again, But where is a will, there is a way...
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 25, 2013, 12:10:05 PM
 #14242

on 27th will know for sure, what is going on. so chill and enjoy cheap shares

It makes sense to wait and see until 27th. Anyway if these news are true then this means that Friedcat never overslept, it means that he is expecting a tough competition and is able to match it.
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October 25, 2013, 12:48:20 PM
 #14243

on 27th will know for sure, what is going on. so chill and enjoy cheap shares

u mean sell higher Wink

This too Smiley
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October 25, 2013, 01:13:16 PM
 #14244

2 of last 3 orphaned blocks are from asicminer.  bad luck or bad connectivity?  discuss amongst yourselves...
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October 25, 2013, 01:16:00 PM
 #14245

on 27th will know for sure, what is going on. so chill and enjoy cheap shares

I really hope that on 27th we'll see some serious update from Friedcat, not just bunch of numbers in financial report.

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October 25, 2013, 01:22:19 PM
 #14246

on 27th will know for sure, what is going on. so chill and enjoy cheap shares

I really hope that on 27th we'll see some serious update from Friedcat, not just bunch of numbers in financial report.

I think we will get what Friedcat said we will get - a detailed financial report. I would hope that he will confirm the inverview but we can't know that for sure
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October 25, 2013, 01:22:43 PM
 #14247

Question: how to buy shares in ASICMINER?
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October 25, 2013, 01:27:49 PM
 #14248

2 of last 3 orphaned blocks are from asicminer.  bad luck or bad connectivity?  discuss amongst yourselves...

Yeah, this really really sucks bad.

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October 25, 2013, 01:28:09 PM
 #14249

Question: how to buy shares in ASICMINER?
answer : www.havelockinvestments.com.  create account.  deposit btc.  buy securities.  collect small weekly dividends.  hope share price goes up, and/or dividend price goes up, and/or usd-btc value goes up.
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October 25, 2013, 01:32:04 PM
 #14250

Question: how to buy shares in ASICMINER?
answer : www.havelockinvestments.com.  create account.  deposit btc.  buy securities.  collect small weekly dividends.  hope share price goes up, and/or dividend price goes up, and/or usd-btc value goes up.
wrong.
since he pays in btc, it doesn't matter if usdbtc goes up: he would have gained the same anyway if he hadn't invested them in a security.

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October 25, 2013, 02:14:18 PM
 #14251

wrong.
since he pays in btc, it doesn't matter if usdbtc goes up: he would have gained the same anyway if he hadn't invested them in a security.
except that when usd/btc goes up, people tend to sell shares to lock in profits...

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October 25, 2013, 02:31:57 PM
 #14252

Question: how to buy shares in ASICMINER?
answer : www.havelockinvestments.com.  create account.  deposit btc.  buy securities.  collect small weekly dividends.  hope share price goes up, and/or dividend price goes up, and/or usd-btc value goes up.

Or you can be sure that it will go down to 0.4 in the next two days, then it will go up again after the 27th and then after a week it will go down again to a reasonable price.

Will take me a while to climb up again, But where is a will, there is a way...
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October 25, 2013, 02:34:05 PM
 #14253

wrong.
since he pays in btc, it doesn't matter if usdbtc goes up: he would have gained the same anyway if he hadn't invested them in a security.
except that when usd/btc goes up, people tend to sell shares to lock in profits...
seriously where do people get that usd/btc doesnt matter?  unless you live in a world where you can make all your transactions in in btc then fiat/btc totally matters.  this may be totally off, but i would venture to guess that currently most normal people with btc have it cause they paid for it using fiat, or purchased things that mine their btc with fiat.
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October 25, 2013, 02:39:37 PM
 #14254

So now it's when we go back to BTC4, right?

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October 25, 2013, 02:40:52 PM
 #14255

seriously where do people get that usd/btc doesnt matter?  unless you live in a world where you can make all your transactions in in btc then fiat/btc totally matters.
it doesn't matter regarding buying btc-denominated securities as opposite as just holding bitcoins.

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October 25, 2013, 02:49:37 PM
 #14256

So now it's when we go back to BTC4, right?

nope, to BTC5
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October 25, 2013, 03:24:28 PM
 #14257

When one says that a bitcoin has doubled in value it does not mean that new wealth has been created from air.

V = N / P

where V is the value of bitcoins, N is the number of bitcoins required for a purchase, and P is the number of units of an asset being purchased.

When V is doubled, either N must double, P must decrease by 50%, or a combination of movements in both N and P to ensure that their result is twice what it was originally. This is basic economics. It does not get much simpler than this. An increase in the value of a currency only gets you an advantage for a limited time due to the inelasticity of prices. But they will adjust eventually leaving you exactly where you started.
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October 25, 2013, 03:46:56 PM
 #14258

Friendly reminder :

Guys, that discussion about "btc/usd vs share price" is for another thread. I see this discussion here every 10 pages ...  Roll Eyes

Also that endless screaming about movements of share price is annoying, for this we have ASICMINER Speculation Thread

+1 for long positions.

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October 25, 2013, 03:51:06 PM
 #14259

So now it's when we go back to BTC4, right?

nope, to BTC5

I stand corrected.

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October 25, 2013, 07:05:30 PM
 #14260

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

Hi Realdos,

I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.

KC
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