Skinnkavaj
Sr. Member
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English Motherfucker do you speak it ?
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May 24, 2014, 11:06:35 AM |
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Spoondoolies hardware might be marginally better, but the business model is different from AM. We shouldn't really be scared of other competitors out there, those playing a price war or only pursuing a more efficient product are destined to fail in the long run. The real game is owning the market, and for that there are many more tricks in the bag to accomplish so. In fact AM is way ahead of the game since day one, first as a public mining farm, secondly pushing immersion cooling, thirdly as a franchise, foruthly as a chip supplier with key partnerships. It is this vision what makes AM an outstanding contender, and it is way more threatening when you realize how well capitalized is this company to do whatever they want.
It is key for a CEO to know when to hold his horses and when to pivot its business model, and that is something that Friedcat seems to be quite competent at its assessment. I don't know if you guys realized that Friedcat is playing an asymmetric warfare here, not only decentralized mining farms with its franchises, but also decentralized the production of hardware by getting solid partnerships such as Rockminer's. AM goal seems to be to eventually become the OEM of asic miners.
It is not Spoondolies vs. AM. It is Spondoolies against all AM partners out there inundating the market with AM hardware. So what if Friedcat ends up partnering up with more hardware manufacturers, it will be funny to see how Bitfury, AntMiner, Spoondolies, BFL perform fighting against a constellation of AM partners. Especially if the ratio ends up favoring towards the AM gang... And we might already be getting there. AM is in a completely different league.
The battle of the hashrates is insignificant against the war of owning the marketshare. Geeks can't survive it unless you have a clear business sense.
PS: those mocking us regarding to "imaginary dividends". Let me tell you that AM ROI was beyond 1000% IN BITCOINS, so multiply that by the 200% appreciation of the bitcoin price during that period, and that's only in dividends. Anything extra I might get now, it is just money falling from the skies for me.
Well put
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CoinBomb
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May 24, 2014, 11:35:20 AM |
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http://www.bitell.com/t/2156 (Review of 40nm AM Chips 768GH/s HashRatio Bitcoin Miner) seems to show 1.2 w/gh at the wall. How does that stack up?
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Promote our site for no risk BTC / LTC profit! 1% gross profit, LTC/BTC payments weekly. Click through for more details.
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willBTC
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 11:43:05 AM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ASICMINERTUBE The Best $/Gh Bitcoin Miner So Far Discover now! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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raskul
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May 24, 2014, 11:44:21 AM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
div's in 3 days then ? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 11:46:04 AM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better.
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I should have gotten into Bitcoin back in 1992...
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binaryFate
Legendary
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Merit: 1003
Still wild and free
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May 24, 2014, 11:53:44 AM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better. Glad to hear about decentralizing out of China/HK too.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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willBTC
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 11:58:11 AM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better. Glad to hear about decentralizing out of China/HK too. But why Canada or North Europe?
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ASICMINERTUBE The Best $/Gh Bitcoin Miner So Far Discover now! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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cderong
Newbie
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May 24, 2014, 12:26:00 PM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better. Glad to hear about decentralizing out of China/HK too. But why Canada or North Europe? Cold there.
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bitsalame
Donator
Hero Member
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Merit: 510
Preaching the gospel of Satoshi
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May 24, 2014, 12:28:27 PM Last edit: May 24, 2014, 12:50:29 PM by bitsalame |
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It is not Spoondolies vs. AM. It is Spondoolies against all AM partners out there inundating the market with AM hardware.
Actually, most asic vendor are also selling bare chips. Cointerra, Spoonsomething, Bitfury, HF Bitmine, .. They may not focus on it (yet) like AM does, but AM's business model is hardly unique. The difference is the scale and afaik, none of the rest are actually supplying independent retailers, but private farmers. So to put it simple, the rest are supplying chips to big customers. AM will be supplying their big customer's customer, each sold through their own respective sales and marketing team. The potential for growth is exponential.
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 12:59:20 PM |
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Friedcat has replied to me by e-mail that he has the future plan for self-mining when the chip sales is no more that profitable , and the mining farm may be located in Canada or North Europe.
If true (proof? and when did he reply?) this would indicate he has no problems of selling gen 3, which is excellent. Mining is good, but if selling the chips is possible, this is even better. Glad to hear about decentralizing out of China/HK too. But why Canada or North Europe? In certain areas the electricity is practically for free
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I should have gotten into Bitcoin back in 1992...
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Puppet
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May 24, 2014, 02:34:43 PM |
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The difference is the scale and afaik, none of the rest are actually supplying independent retailers, but private farmers. Plenty of chinese vendors selling Bitmine based miners: http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=coincraftIn fact, far more than you can find asicminer based products right now. A couple of vendors like VMC are selling Hasfast based miners, plenty of re-sellers selling Bitfury gear, and lets not forget like I did, Avalon. AM announced scale is indeed fairly impressive, but then we dont know what the competition has in store. Moreover, my point was merely that the business model is far from unique.
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101111
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May 24, 2014, 02:51:26 PM |
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But why Canada or North Europe?
As well as lower electricity tariffs, there's also less sovereign risk.
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101111
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May 24, 2014, 03:19:59 PM |
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Puppet
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May 24, 2014, 03:26:58 PM |
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I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion. Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) .
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_mr_e
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Activity: 817
Merit: 1000
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May 24, 2014, 03:30:28 PM |
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I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion. Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . All it takes is one to break from the group...
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novusordo
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May 24, 2014, 03:55:15 PM |
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It's enlightening to watch as a new industry is born.
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Anotheranonlol
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May 24, 2014, 04:04:01 PM Last edit: May 24, 2014, 04:31:20 PM by Anotheranonlol |
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I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion. Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . In this meeting, some topics covered: energy costs, (ways to decrease) subsidy (suggestion there is already talk with some "more official" bodys interest with mining). partnerships with mainland exchanges, partnership with foreign exchanges. (in talk with bitfinex etc), start of OEM service more tidbits; avalon taping out 28nm miner, apparently researching 16nm for future ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) bitmain s3 complete by july asicminer, capacity for 30p wafer month. participants come to agreement about hosted mining having big future
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willBTC
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 04:05:19 PM |
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I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion. Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . All it takes is one to break from the group... As I know, Friedcat didn't attend the gathering.
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novusordo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 04:19:34 PM |
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Rather ironic that the US has been heralded as the breeding ground for new technology, what with Silicon Valley and all, yet living in the US is actually a huge disadvantage for any entrepreneur who wants to be part of one of the most important technological advancements ever.
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Anotheranonlol
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 24, 2014, 04:22:12 PM |
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I was wondering when that was going to happen. Miner OEMs colluding to fix prices and slow the price erosion. Since mining is a zero sum game, it pays off for them to work together to limit overall supply. Like OPEC for the bicoin mining industry ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . All it takes is one to break from the group... As I know, Friedcat didn't attend the gathering. look here http://yixia.com/show/1SpFGnAMxxxFGXG5l0uSwg__.htm
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