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jimmothy
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March 21, 2014, 12:21:54 AM |
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Fuck you altcoin(s), fuck you litecoin, sorry, i am drunk, but these coins... what the fuck ? ? ? We dont need them ...
Let's not be coinist.. We need altcoins to test out new features. Let the free market decide. |
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superduh
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March 21, 2014, 12:23:01 AM |
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Friedcat already stated high speed memory is a big issue.... The other big issue is that the main stated benefit of scrypt coins is they were asic resistant... what point is there to those coins when they are just like bitcoin after an ASIC is made. Long term.... Litecoin is dead and gone, not worth the dev time taken away from bitcoin stuff.
you are making predictions about the future that you cannot know (noone can!). doesnt' matter how things "start" it's how they end up. litecoin is popular and is likely here to stay even with scrypt asics. competing technologies (even with few innovations or differentiation is ok). it really doesn't matter what your personal opinion on scrypt coins are since this isn't an "ideological" undertaking. i keep trying to make you understand that it really doesn't matter your hate relationship with other coins when the market cap for them is much higher than of bitcoins when AM went operational. If friedcat has the will and talent there is nothing WRONG with making extra 50/100 million selling scrypt asics this year regardless of if litecoin will be dead in 10 years (newsflash: bitcoin can die off with almost similar odds). since friedcat is a smart engineer AND a businessman that decision is solely up to him. if KNC thinks it's worth it i'm pretty sure that it is worth it (they are pulling in 25 million of batch 1) |
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bitcoin.newsfeed
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March 21, 2014, 12:33:17 AM
Last edit: March 21, 2014, 08:07:28 AM by bitcoin.newsfeed |
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Fuck you altcoin(s), fuck you litecoin, sorry, i am drunk, but these coins... what the fuck ? ? ? We dont need them ...
Let's not be coinist.. We need altcoins to test out new features. Let the free market decide. testing? ? ? OK, but this market caps are joke :  i will be happy if Friedcat is able to roll out gen3 ... if you're not GPU miners, shut the fuck up about altcoins guys ... really. |
... Question Everything, Believe Nothing ...
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aahzmundus
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March 21, 2014, 12:35:34 AM |
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Can you please answer my question: "What is your source for that all of 1st batch has already been sold?"
Sorry, I thought someone answered this question for me so I ignored it. source is a translation from a roxxie post, he is making boards with AM chips and is one of the "certified" retailers. His information has been good in the past. The specific post with the translation is in this thread... somewhere, I tried to run some searches to find it but I had no luck, then I got blocked from searching. It was posted within the last month. Anyone happen to have a link to it?
you are making predictions about the future that you cannot know (noone can!). doesnt' matter how things "start" it's how they end up. litecoin is popular and is likely here to stay even with scrypt asics. competing technologies (even with few innovations or differentiation is ok). it really doesn't matter what your personal opinion on scrypt coins are since this isn't an "ideological" undertaking. i keep trying to make you understand that it really doesn't matter your hate relationship with other coins when the market cap for them is much higher than of bitcoins when AM went operational. If friedcat has the will and talent there is nothing WRONG with making extra 50/100 million selling scrypt asics this year regardless of if litecoin will be dead in 10 years (newsflash: bitcoin can die off with almost similar odds).
since friedcat is a smart engineer AND a businessman that decision is solely up to him. if KNC thinks it's worth it i'm pretty sure that it is worth it (they are pulling in 25 million of batch 1)
What you do not understand, is that friedcat already looked into Scrypt and decided it was a no go. Some parts of bitcoin are about making money, and some are ideological, I personally feel that even if we could make money off of scrypt asics, we should not get involved. Yes, altcoins can be a place for innovation, and then you roll things into bitcoin if they are a good idea. Litecoin can be looked at as a test to see if a different hashing algo would possibly be better for bitcoin, and that experiment has now failed. Litecoin has no utility over bitcoin now, and should die. Not only that, but a vast majority of AM investors have large Bitcoin holdings, furthering the value of bitcoin as a whole is in our best interests. Branching out into other coins may earn us more direct profit.. but far fewer of us hold LTC. When we put efforts into bitcoin, not only do we get direct rewards of bitcoin, but we also make the bitcoin we are earning, and have earned previously worth more. |
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necro_nemesis
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March 21, 2014, 12:39:27 AM |
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IMHO the alts reduce the credibility and acceptance of BTC. At present the general public has enough trouble grasping the value of bitcoin. Throw in coins that are supposedly new and improved, designed to overcome someone's perceived problem with BTC and yet virtually useless for trade just confuses the issue and is a setback to crypto currencies general acceptance.
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superduh
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March 21, 2014, 01:35:28 AM |
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What you do not understand, is that friedcat already looked into Scrypt and decided it was a no go. Some parts of bitcoin are about making money, and some are ideological, I personally feel that even if we could make money off of scrypt asics, we should not get involved. Yes, altcoins can be a place for innovation, and then you roll things into bitcoin if they are a good idea. Litecoin can be looked at as a test to see if a different hashing algo would possibly be better for bitcoin, and that experiment has now failed. Litecoin has no utility over bitcoin now, and should die.
Not only that, but a vast majority of AM investors have large Bitcoin holdings, furthering the value of bitcoin as a whole is in our best interests. Branching out into other coins may earn us more direct profit.. but far fewer of us hold LTC. When we put efforts into bitcoin, not only do we get direct rewards of bitcoin, but we also make the bitcoin we are earning, and have earned previously worth more.
you are talking about his analysis when litecoin was at $2.80? and when all the scrypt coins were worth about $100 million 6 months ago. well, the times are different now. things move fast in the crypto world. there is an ACTUAL demand for this product. and yes, at the time friedcat looked at it it didn't make sense at $2.80 litecoin prices. check the prices now... check the demand... it makes sense. friedcat CAN take payment in LTC and COVERT to BTC and give out divs, he can also take only BTC. REGARDLESS, you will be getting your divs in BTC and more of them. just because ASIC MINER sits out on scrypt asics for your IDEOLOGICAL reasons doesn't mean that OTHER companies won't make million and millions of dollars from it. sitting out of this scrypt game just cause you hate altcoins is frankly, stupid. he's able to GENERATE more BTC by selling or mining scrypt and converting to btc than he would EVER make JUST by mining BTC or selling ONLY SHA units. PLEASE GET OVER YOUR IDEOLOGICAL REASONING AND LOOK AT IT STRICTLY FROM A BUSINESS PERSPECTIVEif a company like KNC thinks it's worth it i really don't understand why you think it's not worth it for AM |
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bitfair
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March 21, 2014, 01:57:16 AM |
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PLEASE GET OVER YOUR IDEOLOGICAL REASONING AND LOOK AT IT STRICTLY FROM A BUSINESS PERSPECTIVE
Please turn off your caps-lock, there's no need to shout and scream like that. Let's keep it civil in here. Would it be lucrative to make Scrypt ASICS? Yes, probably. Would it be more lucrative than concentrating resources on serving the bitcoin mining market? Probably not. From a business perspective, it makes more sense to specialize than to diversify: development resources are scarce and the bitcoin mining market is an order of magnitude bigger. |
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spartan82
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March 21, 2014, 02:00:17 AM |
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Being a gpu miner myself from early days I am very much against scrypt ASICs myself.. That being said though the market is open for it now and our competitors are making a killing out of them through pre orders, so now that the ship has started sailing, I can't help but to say that if there is a will and a way for asicminer to profit from this demand, then I think it would benefit all of us. So I'm all for it if friedcat thinks its a road we should go down
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ninjarobot
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March 21, 2014, 02:07:10 AM
Last edit: March 21, 2014, 03:40:49 AM by ninjarobot |
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I bought a gridseed scrypt miner a few weeks ago. These things are selling like hotcakes and I'm sure at hefty profit margins. I wish I could have bought a unit like this from AM.
While SHA256 ASICs should absolutely be the #1 priority, there is no reason why AM should be a 1-trick pony.
If time & budget allows, having a side line of Scrypt ASICs would only strengthen the company.
We just went through nearly 6 months without any product, to me it seemed like a near-death experience for AM. Having 2 product lines could mean more stability when one product line meets the end of the road and the other can pick up some slack.
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arousedrhino
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March 21, 2014, 02:26:49 AM |
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I bought a gridseed scrypt miner a few weeks ago. These things are selling like hotcakes and I'm sure at hefty profit margins. I wish I could have bought a unit like this from AM.
While SHA256 ASICs should absolutely be the #1 priority, there is no reason why AM should be a 1-trick pony.
If time & budget allows, having a side line of Scrypt ASICs would only strengthen the company.
We just went through nearly months without any product, to me it seemed like a near-death experience for AM. Having 2 product lines could mean more stability when one product line meets the end of the road and the other can pick up some slack.
I would rather be a one trick poney who does an awesome trick and does it consistently well than have 2 ponies who are decent. You have to divide time and resources to your other product which in turn weakens your main product moreso than if you only focused on your main product. |
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necro_nemesis
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March 21, 2014, 03:12:21 AM |
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Time to market is the most critical factor at this point if we run on the assumption everything already stated about Gen3 holds true. Bringing this to fruition is no small feat. We can equally dream about friedcat curing the common cold and how profitable that could be but he appears to be fully engaged in building that ASIC and not sitting here having armchair battles on what could be.
One miracle at a time please.
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vortex1878
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March 21, 2014, 12:40:54 PM |
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Thanks for your comprehensive reply, aahzmundus.
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Herp
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March 21, 2014, 12:45:21 PM |
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Is there a place where you can get consolidated updates on ASICminer developments?
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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March 22, 2014, 04:56:02 AM |
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Although its more like FriedcatSays then what he doesn't say the first time he made an ANN since the twitter account was made ha-ha |
Believing in Bitcoins and it's ability to change the world
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empoweoqwj
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March 22, 2014, 07:09:27 AM |
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sorry if its been asked and answered a dozen times before in this thread but its hard work going through 900 pages ....
how do I go about updating the bitcoin address in FC's spreadsheet for my AM direct shares?
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dhenson
Legendary
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Activity: 994
Merit: 1000
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March 22, 2014, 07:32:32 AM |
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sorry if its been asked and answered a dozen times before in this thread but its hard work going through 900 pages ....
how do I go about updating the bitcoin address in FC's spreadsheet for my AM direct shares?
Do you mean that you want to change the address that is holding the shares? You could construct a message like this: Please transfer ## shares from AAAAAAAAAAAAA to BBBBBBBBBBBBBBB and sign it with the private key of AAAAAAAAAAAA. Friedcat should treat it exactly like a completed sale and transfer the shares to the new address (BBBBBBBBBBBBBB). He has been doing all share transfers on Wednesday mornings prior to paying dividends. |
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empoweoqwj
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March 22, 2014, 07:45:15 AM |
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yes, that's right, change the address that is holding the shares. I'll try your suggested method, thx  sorry if its been asked and answered a dozen times before in this thread but its hard work going through 900 pages ....
how do I go about updating the bitcoin address in FC's spreadsheet for my AM direct shares?
Do you mean that you want to change the address that is holding the shares? You could construct a message like this: Please transfer ## shares from AAAAAAAAAAAAA to BBBBBBBBBBBBBBB and sign it with the private key of AAAAAAAAAAAA. Friedcat should treat it exactly like a completed sale and transfer the shares to the new address (BBBBBBBBBBBBBB). He has been doing all share transfers on Wednesday mornings prior to paying dividends. |
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