ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ex-trader]

If demand had been reduced as well, price would have dropped a lot more to increase demand.

Will someone cleverer than me please work out the breakeven purchase price for a Blade given current difficulty and compare it to the last sale prices for the same hardware. That'll tell you what 500TH of these chips will be worth.

[bitcoin.newsfeed]

PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.

The first & last update "by the Board" is from October 2nd  (almost one month old)

should we expect update soon? board? ...

reminder : also "end of October" deadlines are here.

[ThickAsThieves]

PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.

The first & last update "by the Board" is from October 2nd  (almost one month old)

should we expect update soon? board? ...

reminder : also "end of October" deadlines are here.

Friedcat has been updating news himself lately. The board hasn't needed to help as there is no additional public news to report.

[EskimoBob]

If demand had been reduced as well, price would have dropped a lot more to increase demand.

Will someone cleverer than me please work out the breakeven purchase price for a Blade given current difficulty and compare it to the last sale prices for the same hardware. That'll tell you what 500TH of these chips will be worth.

ex-trader, http://mining.thegenesisblock.com/ will help you with those calculations.

[Rival]

Unfortunately trying to guess btc/fiat values and then trying to extrapolate difficulty increases are voodoo at best. These are the inherent weaknesses of any mining return calculator.

[ex-trader]

Will someone cleverer than me please work out the breakeven purchase price for a Blade given current difficulty and compare it to the last sale prices for the same hardware. That'll tell you what 500TH of these chips will be worth.

ex-trader, http://mining.thegenesisblock.com/ will help you with those calculations.
[/quote]

Thanks - I had looked at that and I'm very impressed by the site. My problem is that it seems that the rate of increase in future in the key to ROI calcs and as is stated in the post by rival thats voodoo at best.

It certainly seems to me like nothing you can buy right now can make ROI when measured in BTC, in which case the logical buyer should just buy BTC instead.

[dexX7]

I discovered http://bitcoinwisdom.com/bitcoin/calculator some time ago, the charts aren't bad either: http://bitcoinwisdom.com/bitcoin/difficulty.

[Strange Vlad]

It certainly seems to me like nothing you can buy right now can make ROI when measured in BTC, in which case the logical buyer should just buy BTC instead.

Yes.  And it's not even close to ROI, because for now hardware demand greatly exceeds supply.

[SebastianJu]

When i look at the market... Asicminer is at 0.64BTC and ActiveMining at 0.0008BTC. They both work on 28nm process node if im not mistaken. Both have shown in the past that they can do IPO's though friedcat is the only one that has shown he can bring out ASIC's. Asicminer has 400,000 shares while ActiveMining has 10,000,000 shares. Thats 25 times more. So ActiveMinings Price compared would be 0.02BTC to get the same percent of the company like one asicminer share has. Both have relatively good chances to succeed but only the divs keep asicminer's share price high.

Let's not forget that there are ~ 400K AM shares vs ~ 10M ActM shares. Assuming they ever reach the same market cap it would be 0.64 BTC/share for AM vs 0.0256 BTC/share for ActM.
[/quote]

I included it. ActiveMining is at 0.0008b and has 25 more shares in total than Asicminer. So in order to have the same percent of Activemining you would have with one asicminer share you would need to spend 0.02BTC in ActiveMining now.

Im really unsure if i should hold any of my shares now. Asicminer may drop to even half of its value until friedcat at least is announcing good news or good things happen. ActiveMining only will bring out good news in weeks. And labcoin... seems to be a scam where i lost anyway. Keeping the shares as a gamble is the best thing now.

It certainly seems to me like nothing you can buy right now can make ROI when measured in BTC, in which case the logical buyer should just buy BTC instead.

True.

[superduh]

25,000,000 Act Mining shares, 10 mil are the public ones

[SmiGueL]

ASICMINER shows a considerable dividends in Oct. 27, why the stock exchange market(like bitfunder, havelockinvestments) does not pay the dividends. https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

That dividend is incorrect.  The last dividend was on Oct 23 and was 0.00374772 BTC/share.

What you are looking at is likely the sum of all dividends paid previously.

That's exactly what it is. If you click on the cell it shows that it is the sum of the entire column [=SUM(L1:L986)]

Why they pay the dividends on Sunday instead of Wednesday.

They didn't, it's just the bottom of that column happens to line up with row Oct. 27. It means nothing but the sum of the dividends column.

Ooops, I probably forgot to delete that Sum() function after checking tot total amount of received coins.
Thanks for mentioning.

Please send me a PM next time for a quick fix.

[SebastianJu]

25,000,000 Act Mining shares, 10 mil are the public ones

Right... didnt notice that... thats a hefty share for the issuer. 3/5 for the issuer and all the money from the shareholders only means 2/5.

[hamiltino]

What part of:

"There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?

Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October."

Don't people understand?

[stripykitteh]

I discovered http://bitcoinwisdom.com/bitcoin/calculator some time ago, the charts aren't bad either: http://bitcoinwisdom.com/bitcoin/difficulty.

I reckon their estimate for the next difficulty is too high (537 million, or 37.46% increase). I'm tipping a 27% increase, or ~495 million. The rate of finding blocks has stalled over the last couple of days so I don't see a bumper increase this time. Possibly this is due to most of KnC's first batch being delivered, and there being a temporary lull. It will only be for a short time, though (i.e., it won't be long enough to turn those unprofitable miners back to making ROI).

[BitAddict]

I discovered http://bitcoinwisdom.com/bitcoin/calculator some time ago, the charts aren't bad either: http://bitcoinwisdom.com/bitcoin/difficulty.

I reckon their estimate for the next difficulty is too high (537 million, or 37.46% increase). I'm tipping a 27% increase, or ~495 million. The rate of finding blocks has stalled over the last couple of days so I don't see a bumper increase this time. Possibly this is due to most of KnC's first batch being delivered, and there being a temporary lull. It will only be for a short time, though (i.e., it won't be long enough to turn those unprofitable miners back to making ROI).

I think their estimate is completely right. No doubt we will reach 537 for the next jump.
Do you want to bet?  

BTW, thanks for the info dexX7 I didn't know this website, and looks nice.

[Strange Vlad]

I'm tipping a 27% increase, or ~495 million.

For it to be as low as 27%, the green line needs to drop below 2.0% in the next couple of days.  I doubt that passionately.
(the picture below is being updated automatically)

[bitcoin.newsfeed]

What part of:

"There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?

Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October."

Don't people understand?

"Exponentially increased devices in September and October."

Ehm, where are they

[stripykitteh]

I discovered http://bitcoinwisdom.com/bitcoin/calculator some time ago, the charts aren't bad either: http://bitcoinwisdom.com/bitcoin/difficulty.

I reckon their estimate for the next difficulty is too high (537 million, or 37.46% increase). I'm tipping a 27% increase, or ~495 million. The rate of finding blocks has stalled over the last couple of days so I don't see a bumper increase this time. Possibly this is due to most of KnC's first batch being delivered, and there being a temporary lull. It will only be for a short time, though (i.e., it won't be long enough to turn those unprofitable miners back to making ROI).

I think their estimate is completely right. No doubt we will reach 537 for the next jump.
Do you want to bet?  

BTW, thanks for the info dexX7 I didn't know this website, and looks nice.

Small wager? 0.5 BTC What's your over and under?

[finlof]

What part of:

"There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?

Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October."

Don't people understand?

"Exponentially increased devices in September and October."

Ehm, where are they

being assembled as he stated above

[drawingthesun]

Difficulty of 1,000,000,000 will be complete with in the next 2-3 difficulty increases.

I personally think we will see a 50% increase this round and a 45% increase the round after.