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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
jimmothy
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March 20, 2014, 03:34:01 AM
 #17921

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.
There are several different types of Bitcoin clients. Header-only clients like Bither trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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freedomno1
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March 20, 2014, 03:37:26 AM
 #17922

No dividend yet? Weird...

Agree weird maybe its due to last weeks missending issue
necro_nemesis
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March 20, 2014, 03:38:21 AM
 #17923

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?
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March 20, 2014, 04:20:52 AM
 #17924

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?

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March 20, 2014, 05:15:34 AM
 #17925

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

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ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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bitsalame
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March 20, 2014, 05:56:47 AM
 #17926

I wonder what's going on with the late Dividend?
This is the first time that happens as far as I remember.
willBTC
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March 20, 2014, 06:09:29 AM
 #17927

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 .

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ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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101111
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March 20, 2014, 08:56:04 AM
 #17928

Havelock shows a price more representative of panic buying than selling, so no inside info yet, or it was good news  Grin
The Havelock action seems more like nervous selling into steady hands; we'll see the panic buying after FC's next announcement.  Smiley


The div delay - could it be related to the 0.9.0 Bitcoin Core release?
bobboooiie
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March 20, 2014, 09:53:51 AM
 #17929

Missing dividend linked to missing malaysia plane 100% confirmed!
Whtwabbit
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March 20, 2014, 10:12:58 AM
 #17930

Ack Ack!


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Zubilica
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March 20, 2014, 10:28:42 AM
 #17931

0.0003105930244 ? This may be it.

bruce81
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March 20, 2014, 10:36:28 AM
 #17932

0.00031057
necro_nemesis
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March 20, 2014, 10:46:52 AM
 #17933

0.0003105930244 ? This may be it.
https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
aahzmundus
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March 20, 2014, 11:18:43 AM
 #17934

Predicting ~0.00021868 BTC/share. Smiley

Edit: ~0.00025965, I made a typo. XD

I understand everything now... Friedcat just wanted SmiGueL to be wrong... once.

SmiGueL
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March 20, 2014, 11:46:20 AM
Last edit: March 20, 2014, 12:06:54 PM by SmiGueL
 #17935

Predicting ~0.00021868 BTC/share. Smiley

Edit: ~0.00025965, I made a typo. XD

I understand everything now... Friedcat just wanted SmiGueL to be wrong... once.

^^
Whehe, I didn't expect yesterday's block to be confirmed before the div payments. Tongue

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
Rival
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March 20, 2014, 12:39:04 PM
 #17936

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.

Thank you.
necro_nemesis
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March 20, 2014, 01:13:27 PM
 #17937

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

Anyone examine the distribution of shares to see when the insiders have traded?
aahzmundus
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March 20, 2014, 03:18:14 PM
 #17938

Furthermore; adding the market caps together is already a good indicator of the total current market value of crypto coins.
When there are no other coins, as suggested by Rival, then this value represents the potential market cap of bitcoin.

Market caps are a horrible way to assess the value of a crypto.  A good portion of these coins have huge premines that are not active in the economy of the coin, but the owners sit on... that drastically distorts the value of a crypto.  Just look back a few weeks ago at the charts of Auroracoin, it got to the #2 market capitalization for some time...

Not only that, but not all coins are spendable.  There are hundreds of thousands of bitcoins that will never move from the addresses in which they now reside...

Yes, there will always be competitors, but Asicminer is in no place to try and design an ASIC for every little hashing algo some guy comes up with in his basement.  Asicminer needs to continue to refine and focus their business on what is most profitable, and look to the future of the bitcoin mining industry as they have already showed they are doing.

Chris_Sabian
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March 20, 2014, 03:43:32 PM
 #17939

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

Anyone examine the distribution of shares to see when the insiders have traded?

That would be an interesting analysis.
superduh
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March 20, 2014, 04:34:28 PM
 #17940

Furthermore; adding the market caps together is already a good indicator of the total current market value of crypto coins.
When there are no other coins, as suggested by Rival, then this value represents the potential market cap of bitcoin.

Market caps are a horrible way to assess the value of a crypto.  A good portion of these coins have huge premines that are not active in the economy of the coin, but the owners sit on... that drastically distorts the value of a crypto.  Just look back a few weeks ago at the charts of Auroracoin, it got to the #2 market capitalization for some time...

Not only that, but not all coins are spendable.  There are hundreds of thousands of bitcoins that will never move from the addresses in which they now reside...

Yes, there will always be competitors, but Asicminer is in no place to try and design an ASIC for every little hashing algo some guy comes up with in his basement.  Asicminer needs to continue to refine and focus their business on what is most profitable, and look to the future of the bitcoin mining industry as they have already showed they are doing.

as you said yourself- horrible way to value crypto currency.
when ASIC MINER started "market cap of bitcoin" was under $100 million. which is less than the value of all scrypt coins today.
value of scrypt coins is much larger than bitcoin at the time of initial development.

i really really wish that people STOP IGNORING THE ELEPHANT IN THE ROOM - scrypt is LIKELY TO STAY and CAN GENERATE money. doesn't matter if you like or don't like it. even with the small possibility that they won't stay - AM can generate huge revenue is CNY, USD, LTC?, BTC until then

ok
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