ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Voodah]

Any board members ever pay FC a visit, or thinking of ? To see how the empire is doing. It's somewhere in the IPO contract if I have right.

Is there a public list of board members?

[JimiQ84]

right now whole LTC network is around 60 000 GPUs (if my math is correct... if not, please correct me), so it could fall like dominoes, if someone wanted to. On the other hand, BTC network is much more stable and uncentralizable (if that's even a word, which it probably isn't  )

[jimmothy]

right now whole LTC network is around 60 000 GPUs (if my math is correct... if not, please correct me), so it could fall like dominoes, if someone wanted to. On the other hand, BTC network is much more stable and uncentralizable (if that's even a word, which it probably isn't  )

Considering it is just a clone of bitcoin I wouldn't say it is more centralized or less stable. But really its just a clone and I cant see it taking off like bitcoin has.

[lame.duck]

Noted. From an investment point LTC mining is still not of significance. Owning 50% of a 4% market is still less than owning 10% of the full market. Additionally, albeit the existence of alternative digital currencies is an important aspect of the whole ecosystem, LTC just doesn't have the same market penetration as btc, which raises the question whether a 4% market cap is already bubble territory, especially since the money supply is really 4-fold in LTC, not the 2:1 relationship now.

This is IMHO not a valid point. when ASICMINER started fundraising the BTC was 12$/BTC while  LTC is 30$/LTC. What important is, is the question if there are enought miner for LTC at the current and/or future price level. The problem is that an external DDR3 interface seems a matter of price. I am not really sure about internal RAM,  maybe with 1T SRAM or eDRAM if this would be less expensive.

[JimiQ84]

Noted. From an investment point LTC mining is still not of significance. Owning 50% of a 4% market is still less than owning 10% of the full market. Additionally, albeit the existence of alternative digital currencies is an important aspect of the whole ecosystem, LTC just doesn't have the same market penetration as btc, which raises the question whether a 4% market cap is already bubble territory, especially since the money supply is really 4-fold in LTC, not the 2:1 relationship now.

This is IMHO not a valid point. when ASICMINER started fundraising the BTC was 12$/BTC while  LTC is 30$/LTC. What important is, is the question if there are enought miner for LTC at the current and/or future price level. The problem is that an external DDR3 interface seems a matter of price. I am not really sure about internal RAM,  maybe with 1T SRAM or eDRAM if this would be less expensive.

future of scrypt mining is maybe in memristors ( http://en.wikipedia.org/wiki/Memristor ), they should be cheaper, faster and smaller than currently used NANDs or whatever it is in RAM generally

[btcbot]

Article in The Register about Asicminer: Hong Kong Bitcoin miners pour datacentre in a FISH TANK
Virtual currency prospectors go underwater for best results

[finlof]

Is it not a benefit than scrypt is less susceptible to those big established mining networks?

Or would scrypt invariably end up the same? I know for sure ASICs are not a possibility, right?

Only if you define benefit as the temporary absence of a weakness.

Of course there can be an ASIC for scrypt. For one, all you need to do is to minimize the number of transistors used for the core algorithm, getting rid of all the expensive instruction handling in universal processors... At least that will increase computational efficiency. It may take a long time to ROI though, dependend on the market cap (capital expenditure ROI is a function of the opportunity cost difference between acquiring the good vs. the productive capacity).

someone is already developing and promising the scrypt asic - http://alpha-t.net/

[ninjarobot]

If AM is not merge-mining NMC yet - now would be a good time to start as NMC is currently valued over $13 on BTC-e.

As margins get smaller, let's not leave money on the table.

[tinus42]

If AM is not merge-mining NMC yet - now would be a good time to start as NMC is currently valued over $13 on BTC-e.

As margins get smaller, let's not leave money on the table.

It's crazy. Only a few months ago NMC was only $0.06 per coin. It has gone up more than 250 times since then.  

Why couldn't I see that coming, could have put 1 BTC in it and now could have had 250 BTC if I had sold.

[binaryFate]

If AM is not merge-mining NMC yet - now would be a good time to start as NMC is currently valued over $13 on BTC-e.

As margins get smaller, let's not leave money on the table.

It's crazy. Only a few months ago NMC was only $0.06 per coin. It has gone up more than 250 times since then.  

Why couldn't I see that coming, could have put 1 BTC in it and now could have had 250 BTC if I had sold.

It has gone up 250 times wrt dollars, not wrt BTC.

[romerun]

Indeed nmc is like free when merge mine, why throwing it away, well I hope FC did not do just that and hide it from us.

[silverfuture]

If AM is not merge-mining NMC yet - now would be a good time to start as NMC is currently valued over $13 on BTC-e.

As margins get smaller, let's not leave money on the table.

It's crazy. Only a few months ago NMC was only $0.06 per coin. It has gone up more than 250 times since then.  

Why couldn't I see that coming, could have put 1 BTC in it and now could have had 250 BTC if I had sold.

Coulda woulda shoulda.  If you spend time thinking about what you could have done, you miss out on the potential opportunities presenting themselves right now.

[minerpart]

Hi guys, I'm doing some research,

can anyone remember what amount the weekly divs were when the share price was around 4btc? I can't log into BTC-TC to check my history. Thanks.

[hammurabi]

Hi guys, I'm doing some research,

can anyone remember what amount the weekly divs were when the share price was around 4btc? I can't log into BTC-TC to check my history. Thanks.

https://www.havelockinvestments.com/fund.php?symbol=AM1#ui-tabs-3

[minerpart]

Hi guys, I'm doing some research,

can anyone remember what amount the weekly divs were when the share price was around 4btc? I can't log into BTC-TC to check my history. Thanks.

https://www.havelockinvestments.com/fund.php?symbol=AM1#ui-tabs-3

Thanks so around 0.025? I think AM was around 4btc in July.

EDIT - yes chart shows that, many thanks hammurabi

[hammurabi]

can anyone remember what amount the weekly divs were when the share price was around 4btc? I can't log into BTC-TC to check my history. Thanks.

Dividends:
https://www.havelockinvestments.com/fund.php?symbol=AM1#ui-tabs-3

Thanks so around 0.025? I think AM was around 4btc in July.
EDIT - yes chart shows that, many thanks hammurabi

Here you go, price chart:
http://www.coinflow.co/chart/ASICMINER-PT

[minerpart]

Thanks, got that now,

another thing, how many shares were being paid the divs at that point? Was it the full 400,000 or the lower figure (163k)?

EDIT - just realised I don't need that figure! Thanks for the help hammurabi.

[binaryFate]

Indeed nmc is like free when merge mine, why throwing it away, well I hope FC did not do just that and hide it from us.

How? The AM mining address(es) are public. That's how you can check the amount mined so far and the expected dividends, thanks to people like Smiguel that make a digest for you.

You can easily check if the blocks actually mined were namecoin-merged-mined or not.
It's fine if you don't have a clue about technical stuff, but in this case please don't post wrong accusations.

[VolanicEruptor]

HEY U GUYZ, ACTIVEMINING IS BEING SUPER SECRETIVE SO COMPANIES LIKE U DONT LERN ANYTHING FROM OUR OPERASHUNS.  KEN MIGHT HAVE 100TH/S RUNNING RIGHT NOW BUT DOESNT WWANT U TO FIND OUT CAUSE IT MIGHT GIVE U AN EDGE.  FUCK WE R AWESUM.  BTW CAN ANYONE LEND ME 2 DOLLARZ?

[binaryFate]

HEY U GUYZ, ACTIVEMINING IS BEING SUPER SECRETIVE SO COMPANIES LIKE U DONT LERN ANYTHING FROM OUR OPERASHUNS.  KEN MIGHT HAVE 100TH/S RUNNING RIGHT NOW BUT DOESNT WWANT U TO FIND OUT CAUSE IT MIGHT GIVE U AN EDGE.  FUCK WE R AWESUM.  BTW CAN ANYONE LEND ME 2 DOLLARZ?

Looks like your account was hacked (or you are pretty drunk). Sorry for you man, your inputs were always welcomed so far