ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jimmothy]

Guys, take it to another thread. By BitcoinTalk forum standards the AM thread is a place of fairly civil discourse.

I agree. Sorry to let it get derailed.

Back on topic please.

[necro_nemesis]

Alas, I won't be fuelling the Gulfstream off the dividend this week but any thoughts to the significance of it's absence?

[chriswilmer]

curious about the late dividend...

[lunarboy]

Late dividend payment ... but on the other hand that's the 5th block of the week just found, so maybe we do have a bit more firepower online these days 

[eb3full]

Board members should raise this issue with friedcat.

[necro_nemesis]

So little official information arising lately from what appears to be efforts centered on providing concrete Gen3 progress but it would be of interest to hear if a conscious strategic change was made regarding dividend payment or reinvestment and the rationale behind the decision.

[ffwong]

scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.

AM can consider to acquire the company producing scrypt asic also.

[aahzmundus]

scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.

AM can consider to acquire the company producing scrypt asic also.

Altcoins are a distraction and waste of time.  Friedcat has enough on his plate at the moment with bitcoin asics... focusing on one thing is what makes the process strong. Want a scrypt asic?  Go start your own company.

[Rival]

Altcoins might be fun, and they may be occasionally profitable, and they are certainly laboratories for experimentation. However, their existence does not come without an explicit cost.

That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each. The question is not whether altcoins should exist. The question is whether their existence is worth having bitcoins valued at $600 instead of $5000. Which of course begs the question of whether we are better off with bitcoins at $600 as opposed to $5000 in the first place.

I am not qualified to answer these questions, but I think I am qualified to ask them. I think if I were Friedcat those particular questions would present unknowns that I would not want to factor into my business plan. Bitcoins are speculative enough as they are without designing dozens of other chips to optimize mining whatever altcoin might be the flavor of the day, regardless of how popular they may be at the moment.

[jimmothy]

That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each.

Where did you get the $5000 number from?

Bitcoins market cap in USD is $7.5 billion and all altcoins combined market cap is a little less than $1 billion.

[freedomno1]

No dividend yet? Weird...

Agree weird maybe its due to last weeks missending issue

[necro_nemesis]

The value of mining hardware would have to have a relationship to the value of coin mined. Why focus your efforts on that which isn't going to be as profitable for the miner to mine thus leaving them unable to afford to pay you as much for your mining equipment?

[aahzmundus]

You can't just take market caps, merge them together, and divide to determine what the price of a coin is.  Rival is smarter then that, you have to look at liquidity and market depth.

When the bitcoin price moves $1, that does NOT mean that 12 million of USD just moved into bitcoin, it could simply mean that everyone collectively decided not to sell at the lower price, valued their bitcoins more, and thus the price moved up.  The price of a bitcoin can move with relatively little actual capital moving retaliative to the entire market cap.

Not only that, but as ASIC's come out for many of these coins that their reason to exist was ASIC resistance... don't you think people may second guess the utility of that coin?

[willBTC]

We are all waiting a big news from cat with a little worry...

[bitsalame]

I wonder what's going on with the late Dividend?
This is the first time that happens as far as I remember.

[willBTC]

I wonder what's going on with the late Dividend?
This is the first time that happens as far as I remember.

Maybe，Friedcat was and is busy testing the sample chips .

[101111]

Havelock shows a price more representative of panic buying than selling, so no inside info yet, or it was good news 

The Havelock action seems more like nervous selling into steady hands; we'll see the panic buying after FC's next announcement. 


The div delay - could it be related to the 0.9.0 Bitcoin Core release?

[bobboooiie]

Missing dividend linked to missing malaysia plane 100% confirmed!

[Whtwabbit]

Ack Ack!

[Zubilica]

0.0003105930244 ? This may be it.