lano1106
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November 06, 2013, 08:33:59 PM |
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i dont see dividend for 6th , what happen?
I have received a 0.0029 something today. I'm assuming this is the AM dividend.
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BTC: 1ABewnrZgCds7w9RH43NwMHX5Px6ex5uNR
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canth
Legendary
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November 06, 2013, 09:29:31 PM |
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Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally. ... Does KnC still plan to stop shipping sometime to let their customers get ROI? If they hold to that, could be a interesting self imposed fall from the top for them. KNC isn't going to stop shipping unless no one else is shipping during the same time. Your guess is as good as mine as to who's shipping products in Dec, Jan, Feb.
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stripykitteh
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CryptoTalk.Org - Get Paid for every Post!
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November 07, 2013, 01:06:40 AM |
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Currently almost 70% of all Bitcoins mined today are being created upon KnCMiner hardware, distributed to customers in over 120 countries globally. ... Does KnC still plan to stop shipping sometime to let their customers get ROI? If they hold to that, could be a interesting self imposed fall from the top for them. They carefully worded that Network Protection Statement to leave themselves with an out to keep selling hardware: https://www.kncminer.com/news/news-24We would like to state that If any of our competitors continues to add large amounts of hashing power to the network during December, January or February. We will continue to release our devices as competitively priced as we can to protect our customers share of the network. The term "large" is relative, so it can be interpreted liberally; i.e., it means whatever KnC want it to mean. Releasing more devices might protect their customers' total share of the network, but individual customers only care about their own personal share of the network. Individual KnC customers are competing for a share of the network with other KnC customers as much as they are with miners using devices from other manufacturers. Selling more hardware will do nothing to protect their customers, it'll dilute their returns further. It's a warm fuzzy statement that promises nothing and isn't enforceable, so I would assume that they have no intention of denying themselves of profit. If I was one of their investors and they didn't try to maximize profit I'd sack management.
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binaryFate
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Still wild and free
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November 07, 2013, 01:12:19 AM |
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Over a million views ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Didn't notice... Wow ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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hlynur
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November 07, 2013, 01:33:30 AM |
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Over a million views ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Cheers to friedcat, the next million views and the fuzzy future! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ffc03.deviantart.net%2Ffs71%2Ff%2F2011%2F148%2F2%2Fd%2Fchampagne_cat_by_nyxd-d3hfh70.jpg&t=665&c=Z1aIVlOxWVAzGg)
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bclcjunkie
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November 07, 2013, 02:03:13 AM |
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+1 nice summary.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Compared to the last financial report:
- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report - Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses - Expenses are way up - Plus no plan for the future has been reported. - Shrinking revenues is not a good thing to see on a bitcoin-related company.
Conclusion: this time selling shares is justified. Owning shares is a high risk now.
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jimmothy
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November 07, 2013, 02:37:35 AM |
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+1 nice summary.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Compared to the last financial report:
- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report - Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses - Expenses are way up - Plus no plan for the future has been reported. - Shrinking revenues is not a good thing to see on a bitcoin-related company.
Conclusion: this time selling shares is justified. Owning shares is a high risk now.
Horrible summary.. AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase. "expenses are way up" source? "no plan for the future" FC has definitely set a clear path for AM future which will result in gen2 asics which will be much more efficient than current gen from AM. Unjustified panic? +1
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bclcjunkie
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November 07, 2013, 03:15:02 AM |
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more like anxious bagholder? +1 gen2 lol... good luck with that... knc and bitfury will have friedcat for lunch by the time your gen2 is out... +1 nice summary.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Compared to the last financial report:
- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report - Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses - Expenses are way up - Plus no plan for the future has been reported. - Shrinking revenues is not a good thing to see on a bitcoin-related company.
Conclusion: this time selling shares is justified. Owning shares is a high risk now.
Horrible summary.. AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase. "expenses are way up" source? "no plan for the future" FC has definitely set a clear path for AM future which will result in gen2 asics which will be much more efficient than current gen from AM. Unjustified panic? +1
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jimmothy
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November 07, 2013, 03:23:01 AM |
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more like anxious bagholder? +1
gen2 lol... good luck with that... knc and bitfury will have friedcat for lunch by the time your gen2 is out...
KNC? You mean the people who sold Jupiters that could only hash at half the stated hashrate and sometimes even exploded? Bitfury does without a doubt pose a threat to asicminer but I would not say too big of a worry because they will not be able to achieve the cost efficiency of AM. If calculate the ROI of the gen1 cube from AM you will notice that it is nearly as efficient as jupiters ("superior 28nm tech") assuming that the jupiters are even hashing at the advertised rate. No asic company has a track record as solid as AM. So by time AM does finally get 28nm chips (probably gen3) , they will be a hell of a lot better and cheaper than bitfury/knc.
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hammurabi
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November 07, 2013, 03:46:11 AM |
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Guys stop trying to push the price one way or another. All scenarios for AM are possible!
AM might develop a good chip and win back decent network share or AM might not develop a competitive chip and forfeit that goal.
The planned exchange platform can be something huge or bitcoin's built-in exchange might kill that venture as well.
We simply don't know and we learned that FC won't say a word in advance. Thus the value of this venture can be anything. From null to the moon.
To better visualize the concept of zero value recall how promising burnside's btct.co looked like. Especially after he started to legalize all aspects of the exchange. But the day came when everything collapsed to near zero value in an instant. I hope that won't happen!
Think also about how would you feel in his shoes. Having all those earned bitcoins in his wallets. It would be itchy to go on some adventuring. Maybe even going to the moon literally.
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BTC: 1Hpk4rWpP3gACJhXHn8VkeNp4usdQmfuVY LTC: LM5p7X9dTsWj14G2VQeJKuntVUc6GsPnDp
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Jonnybitc0in
Newbie
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November 07, 2013, 06:18:37 AM |
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Guys stop trying to push the price one way or another. All scenarios for AM are possible!
AM might develop a good chip and win back decent network share or AM might not develop a competitive chip and forfeit that goal.
The planned exchange platform can be something huge or bitcoin's built-in exchange might kill that venture as well.
We simply don't know and we learned that FC won't say a word in advance. Thus the value of this venture can be anything. From null to the moon.
To better visualize the concept of zero value recall how promising burnside's btct.co looked like. Especially after he started to legalize all aspects of the exchange. But the day came when everything collapsed to near zero value in an instant. I hope that won't happen!
Think also about how would you feel in his shoes. Having all those earned bitcoins in his wallets. It would be itchy to go on some adventuring. Maybe even going to the moon literally.
Thank you for some much needed grounding in this thread. AM certainly is a null to da moon situation. I trust FC and burnside who just sent me the bitcoin leftover dust on btct, what a solid. Take a deep breath everyone. Panic holding indeed.
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romerun
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Bitcoin is new, makes sense to hodl.
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November 07, 2013, 06:56:36 AM |
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Left over dust ? What where. As a former btct user am I eligible.
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dhenson
Legendary
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November 07, 2013, 07:00:07 AM |
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Left over dust ? What where. As a former btct user am I eligible.
I'm assuming he's talking about the transaction fee hold-back. If I remember correctly it was around .002 per user.
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freedomno1
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Learning the troll avoidance button :)
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November 07, 2013, 07:02:06 AM |
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Left over dust ? What where. As a former btct user am I eligible.
I'm assuming he's talking about the transaction fee hold-back. If I remember correctly it was around .002 per user. 0.00150000 Transaction fee of 0.0001 You get an e-mail on the spare change the last BTC-TC Withdrawal Notification you will ever see
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Believing in Bitcoins and it's ability to change the world
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Puppet
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November 07, 2013, 09:00:30 AM |
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AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase. $4M is about what it takes to get a 28nm design and maskset. Of course the problem is that if they have not spent it yet, they will end up last (or second last, there is always the possibility of beating BFL ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ) behind KnC, HF, CT, ActM, Bitmine, BlackArrow, .. possible BFL, Avalon, Bitfury,. By the time it could hit the market, market will be so cramped and margins will have eroded to the point where it might become difficult to just recover the NRE. If calculate the ROI of the gen1 cube from AM you will notice that it is nearly as efficient as jupiters ("superior 28nm tech") assuming that the jupiters are even hashing at the advertised rate. I cant be bothered to check the math on that, but even if true, who cares? It just shows what the market price per GH is roughly. The real problem is of course that AM needs like 1500 asics to match one Jupiter. Unless you think Friedcat can produce these chips for $0.1, thats not good news.
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VeeMiner
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November 07, 2013, 09:09:41 AM |
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Thank you for some much needed grounding in this thread. AM certainly is a null to da moon situation. I trust FC and burnside who just sent me the bitcoin leftover dust on btct, what a solid. Take a deep breath everyone. Panic holding indeed.
same here, I think that especially with Bitcoin developing so much in China that for instance Chinese bitpay would be a great service. Also it would diversify from mining only which is reeeaaaalllllyyyyy competitive nowadays
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bitcoin.newsfeed
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November 07, 2013, 09:30:39 AM |
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same here, I think that especially with Bitcoin developing so much in China that for instance Chinese bitpay would be a great service. Also it would diversify from mining only which is reeeaaaalllllyyyyy competitive nowadays
Did Friedcat ever told that hes working on "BitPay China" ? Or its another "1Ph in 2 weeks" misinterpretation ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I only see : 1. Automatic Payment We are currently working on the payment back-end, and we might begin the design process next week as well.
Payment system out of pre-alpha.
nothing else. Its not just some automatic payment system for dividends? Like always ... we don't know, we can only speculate.
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... Question Everything, Believe Nothing ...
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VeeMiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 07, 2013, 09:43:24 AM |
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same here, I think that especially with Bitcoin developing so much in China that for instance Chinese bitpay would be a great service. Also it would diversify from mining only which is reeeaaaalllllyyyyy competitive nowadays
Did Friedcat ever told that hes working on "BitPay China" ? Or its another "1Ph in 2 weeks" misinterpretation ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I only see : 1. Automatic Payment We are currently working on the payment back-end, and we might begin the design process next week as well.
Payment system out of pre-alpha.
nothing else. Its not just some automatic payment system for dividends? Like always ... we don't know, we can only speculate. oh, I thought the payment system was something like bitpay. I guess that was my wrong assumption...
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bitcoin.newsfeed
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November 07, 2013, 09:57:42 AM |
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oh, I thought the payment system was something like bitpay. I guess that was my wrong assumption...
Vee, maybe you're right. Without updates, we simple don't know. BTW I am also panic holding bagholder ...
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... Question Everything, Believe Nothing ...
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apollojmr
Sr. Member
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The Power Of The Coin Is Awesome!!
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November 07, 2013, 04:36:29 PM |
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more like anxious bagholder? +1 gen2 lol... good luck with that... knc and bitfury will have friedcat for lunch by the time your gen2 is out... +1 nice summary.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Compared to the last financial report:
- Mining revenue is decreasing rapidly; in fact it is less than a third of the reported revenue on the last fin. report - Hardware sales are inline, -i.e not increasing at all and not increasing to cover mining loses - Expenses are way up - Plus no plan for the future has been reported. - Shrinking revenues is not a good thing to see on a bitcoin-related company.
Conclusion: this time selling shares is justified. Owning shares is a high risk now.
Horrible summary.. AM has the equivalent of 4million USD just waiting to be spent on next gen hardware currently in R&D phase. "expenses are way up" source? "no plan for the future" FC has definitely set a clear path for AM future which will result in gen2 asics which will be much more efficient than current gen from AM. Unjustified panic? +1 If you are such a pro bit fury or knc why even read here or post?
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What you think you become. Bitrated user: apollojmr.
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