ASICMINER: Entering the Future of ASIC Mining by Inventing It

[SebastianJu]

with bitfunder shutting down ( https://bitcointalk.org/index.php?topic=130117.msg3482565#msg3482565 ) do i still have to pay the fee for transfering my shares into direct shares? that sucks a little bit 

I think PT-Owners want to keep their PT, so they will move to another exchange. Only if they want to stop the PT they would turn them into direct shares without fee i think.

[keeron]

arrrgh... this is crazy (Bitfunder). Though I am a US citizen, the news is still sad.

I really hope AM is reading these news and is hurrying up deploying the blockchain based exchange. It was supposed to be out soon (post-Alpha phase?). We really need something like that, given that only Havelock remains and that is pretty fragile in itself. There is also the whole process of waiting 5-7 days or even more to transfer shares back and forth between the exchange and direct address. With a blockchain based exchange, this won't be needed and your shares are pretty much safe as your bitcoins on the blockchain.

Someone please send that Chinese girl for another round of exclusive interview with The Cat and get some leaks!

[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.

I know we never got around to having that bet but it looks like the next increase will be around 31-32%, or 512-516 million. The growth in the last couple of days has been quite anemic. If the KnC gear didn't get patched the difficulty might not have broken 500 million this time.

[bitcoin.newsfeed]

Someone please send that Chinese girl for another round of exclusive interview with The Cat and get some leaks!

non-Chinese community still doesn't have an English transcript from 1st interview ...

[lostmoogle]

A bit OT but still AM related.

How would one prove that he/she owns shares of AM? I recall that there used to be a sheet that had all the users and share amounts but I can't seem to find it anywhere.

[silverfuture]

A bit OT but still AM related.

How would one prove that he/she owns shares of AM? I recall that there used to be a sheet that had all the users and share amounts but I can't seem to find it anywhere.

by signing with your private key corresponding to the public key that Friedcat has for your shares.

[binaryFate]

A bit OT but still AM related.

How would one prove that he/she owns shares of AM? I recall that there used to be a sheet that had all the users and share amounts but I can't seem to find it anywhere.

This sheet was made by a shareholder based on divs payments, it was nothing official.

[SebastianJu]

Including nofee or lowfee transactions in a block is a disadvantage and leads to more orphaned shares. I think thats not good for the network since mining has to serve the purpose of transactions including.
I guess asicminer partly might suffer from this.

I started a thread for this in the hope the devs might think about a way to make it more fair. I dont have a real clue about what they speak but maybe something comes out of it that will help Asicminer at the end in the process: https://bitcointalk.org/index.php?topic=324972

[trust]

*confused*

Can someone help? I had my shares transfered to friedcat, how can I transfer them from friedcat to some online stock exchange?

[Mabsark]

Very easy for you to say after it did happen.

I did say so back then and sold out 100% of my shares. I'm trying to find the posts, but the search function is crap and I'm not keen to manually read 750 pages to find them.

This is what I said back in June:

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

As you can see if you read the replies to that comment, people were warned and purposely chose to ignore those warnings. They called me a troll and stuck me on their ignore lists because they didn't like what I had to say and wanted to censor me.

Things played out exactly how I said they would. So, can I see the future? Of course not. This was just blatantly obvious. In order to not understand that, you'd need to be delusional, retarded or have severely limited experience of how the real world functions.

[limbaugh]

Things played out exactly how I said they would. So, can I see the future? Of course not. This was just blatantly obvious. In order to not understand that, you'd need to be delusional, retarded or have severely limited experience of how the real world functions.

*golf clap* So is AM still vastly overpriced?

[hlynur]

*confused*

Can someone help? I had my shares transfered to friedcat, how can I transfer them from friedcat to some online stock exchange?

after creating an account at Havelock, these are the steps for a transfer of direct shares:

Somebody, please, explain me: how to sell my shares that was automatic transfer to Friedcat?

Importing Shares to Havelock Investment
There is no fee to import shares. There is no minimum quantity for importing shares.

How to Import Direct Shares:
1. Send an e-mail to fnnirvana@gmail.com & TAT Investments at tat.investments@gmail.com with the following message:

”Friedcat, please transfer (X) of my shares to the TAT Investments account at 1rHfXj4AwH9zymwwJuXnbXLiDbAE9V1uz -- tat.investments@gmail.com”

Also include the following info:
- Your current ASICMINER share-holding wallet address & e-mail address
- The quantity of shares you wish to transfer

2. If the e-mail address you have on file with ASICMINER is different than the one you use for your Havelock account, you MUST send an e-mail from the e-mail address you have registered with Havelock confirming this import request. If this is the case, please provided a dated, signed message from the host wallet to confirm ownership.
3. After confirmation from Friedcat is received, the AM1 shares will be added to your account within 48 hours or less.

NOTE: TAT Investments is not responsible for delays or errors in transfer confirmations by ASICMINER staff.
Please follow these instructions carefully to avoid problems.

[binaryFate]

TGB just released an analysis of the last financial statement. The computed all amounts in 3 currencies (unlike original statement), to start with.

http://thegenesisblock.com/new-asicminer-financial-statements-offer-performance-insight/

[SOSLOVE868]

TGB just released an analysis of the last financial statement. The computed all amounts in 3 currencies (unlike original statement), to start with.

http://thegenesisblock.com/new-asicminer-financial-statements-offer-performance-insight/

how about the PT shares in BF when BF closed? will the shares become direct shares? if anyone knows please let me know.

[robix]

TGB just released an analysis of the last financial statement. The computed all amounts in 3 currencies (unlike original statement), to start with.

http://thegenesisblock.com/new-asicminer-financial-statements-offer-performance-insight/

how about the PT shares in BF when BF closed? will the shares become direct shares? if anyone knows please let me know.

https://bitcointalk.org/index.php?topic=148827.msg3483811#msg3483811

and

https://bitcointalk.org/index.php?topic=148827.msg3489909#msg3489909

[velacreations]

Things played out exactly how I said they would.

Said the guy who invested in labcoin and activemining.
Please, just fade away.

+1
I remember how he was telling us how he was going to make a ton on LC then buy ActM and make a ton there, and then buy AM around the end of the year.

I guess LC being a scam, didn't work out too well, he should have listened to everyone warning him, instead of calling them a troll.

But you know, when he made that prediction above about AM being overvalued, AM was around 3.2, and had yet to post the highest divs to date. The share price grew almost 60% after that warning.

[Bargraphics]

Things played out exactly how I said they would.

Said the guy who invested in labcoin and activemining.
Please, just fade away.

+1
I remember how he was telling us how he was going to make a ton on LC then buy ActM and make a ton there, and then buy AM around the end of the year.

I guess LC being a scam, didn't work out too well, he should have listened to everyone warning him, instead of calling them a troll.

Actually he kept trying to flip ActM for more LC shares and then flip back. Too bad he flipped his ActM right when LC was found out to be a scam. We haven't heard much from him since.

It's nice to see you again Masbark, thought you might have left us for good.

[velacreations]

Actually he kept trying to flip ActM for more LC shares and then flip back. Too bad he flipped his ActM right when LC was found out to be a scam. We haven't heard much from him since.

It's nice to see you again Masbark, thought you might have left us for good.

I guess that's why he kept defending them against missed deadlines.

[finlof]

incoming...

[velacreations]

looks like div will be around .0028 or so

0.00290692