ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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...

[Whtwabbit]

Some people do not understand BTC and they are happy with a fiat profit, leave them be 

[JimiQ84]

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...

I said cube can achieve positive ROI, you said you think 30GH/s won't achieve positive ROI (anymore), I said cube is 38GH/s. Just to clarify :-)

[bitcoin.newsfeed]

Really guys? Again and again that ROI discussion on every single product?  

Mining section on bitcointalk :

https://bitcointalk.org/index.php?board=14.0

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

Sadly yes, what else to expect with ~100Th mining farm HW sales will maybe save todays div.

[Alphi]

I said cube can achieve positive ROI, you said you think 30GH/s won't achieve positive ROI (anymore), I said cube is 38GH/s. Just to clarify :-)

just to clarify ... it doesn't matter of its 30 or 38GH... if the Difficulty doubles anytime in the next 4 weeks you most likely wont get your BTC back...

so you really are just betting that the difficulty wont rise by much.. that's a very high risk bet given the history of the BTC difficulty and given how many players there are shipping ASICs right now.

[Zubilica]

Can anyone confirm today's dividends , i have some numbers but is seems unrealistically high.

[lophie]

Can anyone confirm today's dividends , i have some numbers but is seems unrealistically high.

none here, direct shares.

[lophie]

new all time low, 50% than the lowest ever  

Honest mistake, someone donated to me, I thought it was the divs 

[bitdude]

new all time low, 50% than the lowest ever  

Honest mistake, someone donated to me, I thought it was the divs 

  you, you are good!

[JimiQ84]

always check this address - http://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF for dividends :-)