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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
Lloydie
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March 30, 2014, 08:11:22 PM
 #18281

Can you please stop this fanboy shit?!

The commitment to pay weekly dividends is more than clear. It was defaulted w/o any announcement why etc.

That default would have been no problem at all if there had been a disclaimer like: -- nope, I will not explain it to you herd-following idiots again. --

I am really damn happy about the news from friedcat - as I have a bit more than your Mommy's granted pocketmoney in here.

You idiots can throw your few pocketmoney cents wherever you want, and Mommy won't know about it (she'd be happy it is not on dope).

Fact is that ASICMINER once again gave a shit about their investors (other than boardmembers). Where is the last dividend? Why was it not paid? Just explain in one sentence! No prob!

I do understand that you are all like "Hoorray, here we go to the moon with Gen3!" But if you give away your well deserved rights, you might end up with nothing.

Please grow up.

Errrr, u have no rights...
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"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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gog1
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March 30, 2014, 09:51:34 PM
 #18282

The selling on Havelock is strange, as well. .65 is quite conservative considering the good news. But on the other hand, we're almost at 0(!) divs and the performance of gen 3 still needs to be evaluated.
I was talking about the arguments here and juvenile insults. Seems like a party that eventually turns into a drunk fistfight...

Many BTC whales are VERY conservative at this point, even when it comes to AM. Likely waiting on div payments ramping up or some third party proof that miners are shipping and working to spec.

Yes. AM is very overvalued currently - due to the speculation of gen 3 of course. When the divs rise again, we'll see an increasing share price.
I wonder which yearly yield we're going to see this generation, is it going to be lower than last year's of 20-30%?

  I see several factors that could lead to lower accepted APR.   <20  wouldn't surprise me.  Could lead to shocking share prices  Shocked

Given the risk involve in bitcoin mining, anything < 20% is absolutely reckless, in fact, less than 33% would be unacceptable.  Remember the roller coaster ride of AM and once upon a time, ppl were concerning how AM would have > 50% network hashrate.
minerpumpkin
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March 31, 2014, 08:38:27 AM
 #18283

Friedcat posted - and deleted, again - a response to the people designing the Wasp miners pointing them to the chip-specifics. They also claim to be receiving sample chips from AM. I believe FC just wants the engineering people to know about the schematics or inadvertently posted them to the forum instead of replying via PM. Things are moving forward!
https://bitcointa.lk/threads/ann-asicminer-publicly-looking-for-potential-customers-partners-for-new-chips.248792/page-11#post-5715921

I should have gotten into Bitcoin back in 1992...
Caesium
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March 31, 2014, 08:40:42 AM
 #18284

cba to look up the link, but "its happening.gif" Cheesy

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hdbuck
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March 31, 2014, 08:56:30 AM
 #18285

cba to look up the link, but "its happening.gif" Cheesy

just not yet. Smiley
once divs address gets loaded, the gif we shall upload. ^^
bitcoin.newsfeed
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March 31, 2014, 11:19:06 AM
Last edit: March 31, 2014, 11:35:53 AM by bitcoin.newsfeed
 #18286

Little speculation here  Smiley

Is Chinese mining mafia pushing the price of Bitcoin down via fake trades(+fake volume) on their exchanges? Possible reason : upcoming payments for chips? If the exchange rate is low, they'll get more BTC Wink And if they don't plan to convert them asap, its win situation(maybe).

On a more serious note :
What is the size of 1st batch of gen3 ? In December Friedcat mentioned 2-20P possible for first batch. Curious about an actual number, its big difference to get 2M$ or 20M$ for this batch. Also I am interested what will be the time period between batches. And if the order size of next batches will be released for shareholders up-front, or we'll only see the movements in AM address and we can guess how many P were sold and for what price? If they plan to sell them for fiat, how can we audit them if they're including every sell? its about a trust? Jutarul mentioned some audit in past, maybe for better transparency after failed gen2, I wonder where we're on that front.

... Question Everything, Believe Nothing ...
necro_nemesis
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March 31, 2014, 12:17:44 PM
Last edit: March 31, 2014, 01:28:05 PM by necro_nemesis
 #18287

I've heard people speculating the price of BTC is being driven by data centers unloading from their mining operations. KNC and the like. Independent miners I suspect are more likely to hold onto BTC but as they get pushed out of the distribution by these large scale operations more of the currency makes it's way to the exchanges.

It's a theory that sounded plausible FWIW.
Mabsark
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March 31, 2014, 12:36:20 PM
 #18288

I heard it was because AM and Avalon need to convert bitcoins to fiat in order to pay for chip batches.
KS
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March 31, 2014, 01:31:06 PM
 #18289

Typical case of information asymmetry. The people who sold know why and the rest of the market doesn't have a clue but might (or not) follow, depending on the news and the general feeling of where things are headed.

And the possible dump by all the Chinese on or before April the 15th.

The good news relating to AM is that, usually (not a law!), as BTC takes a dive, the AM share price goes up. Add the Gen3 release and we might see a nice cumulative effect (double bubble!).
necro_nemesis
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March 31, 2014, 03:03:17 PM
Last edit: March 31, 2014, 05:30:50 PM by necro_nemesis
 #18290

As a reminder that we are clueless and thats just the way it goes Grin

Information is simply housekeeping advising investors that things are on track. If you hold a lot of shares in your company and are intersted in the value of those shares then you have an interest in how those who trade in it feel about the security of their investment who in the end vote with price of the stock. The mushroom - head in the sand - it's just so thing. Yeah.
organofcorti
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March 31, 2014, 10:05:39 PM
 #18291

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

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freedomno1
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March 31, 2014, 11:05:20 PM
 #18292

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

Actually I was just wondering what Organ was smoking today
Then read the whole post ^_^
Anyways its fine to be amused as your blog must drive you to madness now and then ha-ha, still  imagining morning wood on the beach is not the same as a mushroom head in the sand unless we get a bit creative.

(Now i'm OT) lol

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cs54
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April 01, 2014, 01:39:40 AM
 #18293

dang y'all are weird
organofcorti
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April 01, 2014, 01:43:09 AM
 #18294

Anyways its fine to be amused as your blog must drive you to madness now and then <snip>

No, madness is my usual state of mind Wink

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freedomno1
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April 01, 2014, 02:16:38 AM
 #18295

Anyways its fine to be amused as your blog must drive you to madness now and then <snip>

No, madness is my usual state of mind Wink

I must agree now where did I put my toastwallet hopefully I didn't leave it on any mining hardware Smiley
http://toastwallet.com/
https://www.youtube.com/watch?v=HYz2HUTkB6Q

Of Course with AM its a digital wallet so no toasting just Frying  Wink

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necro_nemesis
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April 01, 2014, 02:26:43 AM
 #18296

The mushroom - head in the sand - it's just so thing. Yeah.

Thanks - you made my morning. Mushroom head in the sand! That's sex on the beach for you.

(now watch this get deleted for OT).

Finally, something less abstract that I can appreciate the value of.
willBTC
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April 01, 2014, 07:46:01 AM
 #18297

"The chip have passed all the functionality tests "  means the tape-out is successful and the biggest risk for chips have gone, right ?

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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April 01, 2014, 08:25:18 AM
 #18298

It's a significant bound but utility has yet to be determined from testing performance and efficiency.
Zubilica
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April 01, 2014, 10:11:14 AM
 #18299

Well, this week i predict  0.00000000 BTC divs.
necro_nemesis
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April 01, 2014, 10:34:01 AM
 #18300

In other news, RockMiner put up a blog.
http://blog.rockminer.com
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