ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Kouye]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you people think it is.

EDIT : edited my answer which could appear as a direct aggression and was not meant to be so

[aahzmundus]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

[webbrowser]

Furthermore, it is interesting that TAT himself has not replied to any of my comments. Could it be that as a board member he IS INDEED privy of future happenings and trading with insider informations?
Of course his denying it is not plausible because all the other board members KNOW what else is available out there.

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

[ThickAsThieves]

Furthermore, it is interesting that TAT himself has not replied to any of my comments. Could it be that as a board member he IS INDEED privy of future happenings and trading with insider informations?
Of course his denying it is not plausible because all the other board members KNOW what else is available out there.

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

TATI's only connections to Havelock are in relation to our listings there.

[webbrowser]

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

TATI's only connections to Havelock are in relation to our listings there.

Thanks.  I trust you're not playing with words, and you yourself have no further connection to Havelock (apart from your assets being listed, or buying into other assets on a personal capacity).

So let's get back to discussing AM, instead of FUD'ing about Havelock and the share prices on Havelock when it represents only 13015 / 400000 shares (3.2% of AM).

[hak8or]

So let's get back to discussing AM, instead of FUD'ing about Havelock and the share prices on Havelock when it represents only 13015 / 400000 shares (3.2% of AM).

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

[freedomno1]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

I was thinking more along the lines of the Senate committee
They are anonymous money creating devices for the good of humanity that also act as space heaters.

The mad miner wants to have a money making machine and now you can buy one
For 1.99 BTC Retail

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

Not anything new that I know of maybe the board does but atm same situation.
The IPO is probably not a bad sign on havelock not an AM topic but it means they plan on sticking around
That and the Panama fund and a lot of business over there don't see a death flag hovering over the exchange yet

[101111]

With only BTC354 in the AM wallet atm I'm expecting a record low div. 

re: AM Exchange: it's better not to let the competition know what's going on.

[bitsalame]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

I was thinking more along the lines of the Senate committee
They are anonymous money creating devices for the good of humanity that also act as space heaters.

The mad miner wants to have a money making machine and now you can buy one
For 1.99 BTC Retail

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

Not anything new that I know of maybe the board does but atm same situation.
The IPO is probably not a bad sign on havelock not an AM topic but it means they plan on sticking around
That and the Panama fund and a lot of business over there don't see a death flag hovering over the exchange yet

It would seem that the Panama Fund has a license to operate as a securities exchange.
I confirmed it: http://www.supervalores.gob.pa/files/Sociedades/Sociedades_Inversion_Privada_DRA.pdf
Third one from the top.

I am depositing btc back to havelock.

[eastpk]

Does anyone have the address that friedcat is withholding dividends on?

Thank you

[hammurabi]

Does anyone have the address that friedcat is withholding dividends on?

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

[finlof]

Does anyone have the address that friedcat is withholding dividends on?

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

these are the mining wallet and dividend distribution wallets.  he asked for the address that is holding the dividend reinvestment coins.

[bitcoin.newsfeed]

That reminds me its been a while since we have done a Shareholder FAQ
We should pile up some questions to send to Friedcat

+1

Question number 1 :

What is the progress in developing next gen chip?

Question number 2 :

Why is so hard to communicate with shareholders?

[Dargumin]

In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months.

That's not a good future business modell.

Selling (in BTC) a mining hardware for more than it can mine (in BTC), is just the right thing to do. It's not a business model, it's plain logic, now and in 10 years whatever is the mining landscape at that time.
I, too, was sceptical about selling too much. It's just a psychological thing (we first get in this investment for "mining"...), but any rational analysis shows that selling can be even better. This analysis is very simple: you sell for more than you can mine, it's a profit, period! I'm puzzled we still discuss this.

 

And you think most miners enjoy not getting ROI?  Once bitten, twice shy.  Perhaps selling the miners at a price point where miners CAN make at least a small profit would be a more beneficial and sustainable business model.  

[jimmothy]

In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months.

That's not a good future business modell.

Selling (in BTC) a mining hardware for more than it can mine (in BTC), is just the right thing to do. It's not a business model, it's plain logic, now and in 10 years whatever is the mining landscape at that time.
I, too, was sceptical about selling too much. It's just a psychological thing (we first get in this investment for "mining"...), but any rational analysis shows that selling can be even better. This analysis is very simple: you sell for more than you can mine, it's a profit, period! I'm puzzled we still discuss this.

 

And you think most miners enjoy not getting ROI?  Once bitten, twice shy.  Perhaps selling the miners at a price point where miners CAN make at least a small profit would be a more beneficial and sustainable business model.  

Can you name a single asic available right now that will reach ROI? AM cube competes with everything on the market using old tech chips. AM currently has an entire datacenter filled with these gen1 chips waiting to be replaced with gen2.

[JimiQ84]

cubes are per 1.0BTC (https://bitcointalk.org/index.php?topic=339499.0), that's highly ROIable  

[Alphi]

Can you name a single asic available right now that will reach ROI? AM cube competes with everything on the market using old tech chips. AM currently has an entire datacenter filled with these gen1 chips waiting to be replaced with gen2.

it its all a matter of perspective on which money you are trying to get a ROI on.

if its fiat then yes almost all ASIC miners will give a good ROI. because Miners are controlling the flow of BTC. so of they dont get a good price for their BTC they simply do not sell,  this causes a supply shortage which in turn causes the BTC price to go up.

if you are talking about a BTC ROI then the ROI takes a lot longer...

if you buy a miner with Fiat currency then you could still get double or so in return over the next 6 months.
if you buy your miner with BTC then you would lucky to get your BTC back within the next few years.

this is why it is plainly stupid for people to invest BTC to buy ASIC Miners of any kind. yet many still do... which is why ASIC Miner will still be able to make money from selling miners.

its exactly the same psychology as gambling or gold mining... tell people they will get a better ROI just putting their money in the bank or buying ounces of gold.. and as soon as someone hits jackpot at the casino or in the gold fields.. droves of people will pile in trying to get a piece of the action....

[Alphi]

cubes are per 1.0BTC (https://bitcointalk.org/index.php?topic=339499.0), that's highly ROIable  

I've been mining for a few months now with 30GH.. I will be lucky if I see one more BTC.. right now i'm getting about .10 a week. (that halves every 4 weeks or so)

[JimiQ84]

cubes are per 1.0BTC (https://bitcointalk.org/index.php?topic=339499.0), that's highly ROIable  

I've been mining for a few months now with 30GH.. I will be lucky if I see one more BTC.. right now i'm getting about .10 a week. (that halves every 4 weeks or so)

it's actually 38GH/s. And difficulty rise has slowed down (although I don't know for how long)

[Alphi]

it's actually 38GH/s. And difficulty rise has slowed down (although I don't know for how long)

nope I have been mining with 30GH..  I was just giving you an example...

given the price of BTC almost trippled in the last few months you can bet there is a huge amount of money being pumped into the fabbing of new chips.
that next massive tsunami of chips hasn't hit yet.. what we are seeing now is a slowdown due to the finishing the deployment of the last wave...