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szmarco
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June 05, 2014, 02:10:12 PM |
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Yes，We love you FC. But we are bankrupted.
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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jimmothy
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June 05, 2014, 02:11:28 PM |
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Current Network Stats : Speed 81.60 PH/s A little less than 60P of wafers, most of which are on their final stages of production.
Sweet.Mother.Of.God  OK guys, there are our dividends, I told you !  So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this. That can't be right... How could we possibly have so much PH?? I was guessing ~20PH. |
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Ozziecoin
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June 05, 2014, 02:12:39 PM |
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Okay, umm... Why aren't that many people buying? Doubts that this is good news?  People too short term cash focused. Wall St types. Also, they don't understand the report. LOL. |
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arousedrhino
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June 05, 2014, 02:12:52 PM |
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Thanks FC! Keep up the good work.
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KS
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June 05, 2014, 02:13:03 PM |
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First I got to read from Jesus, now even FC is posting. Wow, what a day  |
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binaryFate
Legendary
 Offline
Activity: 1484
Merit: 1003
Still wild and free
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June 05, 2014, 02:13:47 PM |
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A little less than 60P of wafers, most of which are on their final stages of production.
Lemme rephrase that: A little less than 60% of the current global hashrate, most of which are on their final stages of production. |
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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KarmaShark
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June 05, 2014, 02:14:30 PM |
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Current Network Stats : Speed 81.60 PH/s A little less than 60P of wafers, most of which are on their final stages of production.
Sweet.Mother.Of.God OK guys, there are our dividends, I told you ! So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this. That can't be right... How could we possibly have so much PH?? I was guessing ~20PH. I missed this in the update from him. I too was expecting 20-25PH total. I wouldn't mind having a more detailed explanation so it makes sense. Perhaps this is yet another case of the FC's panache for under-promising and over-delivering? |
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cs54
Member
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Activity: 62
Merit: 10
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June 05, 2014, 02:15:33 PM |
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Yes，We love you FC. But we are bankrupted.
Are we reading the same update?  Time to back up the truck  |
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KarmaShark
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June 05, 2014, 02:18:00 PM |
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Yes，We love you FC. But we are bankrupted.
Are we reading the same update? Time to back up the truck This is why having liquid BTC on HL waiting for moments of awesomeness such as this is vital. By the time coin makes it over the price will be higher, that is for sure. |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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June 05, 2014, 02:18:33 PM |
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Thanks for the answers  60PH! |
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🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
Offline
Activity: 1316
Merit: 1043
👻
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June 05, 2014, 02:18:56 PM |
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Also, how long are direct share transfers expected to take?
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realtime
Member
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Activity: 67
Merit: 10
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June 05, 2014, 02:21:03 PM |
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annnndddd there goes Havelock....lol
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Ozziecoin
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June 05, 2014, 02:21:39 PM |
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annnndddd there goes Havelock....lol
Yep, can't login. |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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June 05, 2014, 02:25:05 PM |
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annnndddd there goes Havelock....lol
Yep, can't login. buy buy buy  |
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shawshankinmate37927
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June 05, 2014, 02:36:36 PM |
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Current Network Stats : Speed 81.60 PH/s A little less than 60P of wafers, most of which are on their final stages of production.
Sweet.Mother.Of.God OK guys, there are our dividends, I told you ! So far the best update ever, thank you Friedcat for taking the time, me personally, I am amazed by this. That can't be right... How could we possibly have so much PH?? I was guessing ~20PH. I missed this in the update from him. I too was expecting 20-25PH total. I wouldn't mind having a more detailed explanation so it makes sense. Perhaps this is yet another case of the FC's panache for under-promising and over-delivering? According to Jutarul's update from April 21st: 1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.
It appears that 67 PH was projected as the June order size at that time, with 109 PH in total production projected for the three month period. |
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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bitcoiner49er
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June 05, 2014, 02:39:47 PM |
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buy buy buy Already did. Anyone that has been around the block even once with ASICminer/FC knows there is no panic. Things are lost in translation and in internet forums. |
Homo doctus is se semper divitias habet
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minerpumpkin
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June 05, 2014, 02:41:25 PM |
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Some are still waking up, I predict. Should be a nice surprise to wake up to given the last few weeks. Minerpumpkin, any chance you want to take a shot at speculating on some numbers now that FC has filled us in on some of the variables? Should be able to give us a cleaner looking crystal ball.
Sure! I'll just quick and dirty address what we may expect from those 60 PH/s. 60,000,000 GH/s * $0.35 (average, we have to remain careful and realistic) = $21m / 400,000 (shares) = $52.5/share * 2/3 (payout as shares, not retained) / $700 (BTC price - this may get dangerous) = BTC 0.05 / share for this batch in production (those 60 PH/s). Plus everything that comes after this of course, since it's not the total of gen 3. I guess we'll see BTC 0.1+ for all of gen 3, so with the old valuation we'd be at a reasonable share price of BTC 0.3. This is pure conjecture given the numbers we just got and not meant as investment advice!!! Please make up your own mind! |
I should have gotten into Bitcoin back in 1992...
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kibblesnbits
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June 05, 2014, 02:42:15 PM |
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A lot of weak hands will soon be using those same hands to facepalm today.
Thanks, FC.
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Chris_Sabian
Legendary
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Activity: 896
Merit: 1001
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June 05, 2014, 02:44:19 PM |
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Already did. Anyone that has been around the block even once with ASICminer/FC knows there is no panic. Things are lost in translation and in internet forums. ^ | | This is very true. In Friedcat we trust |
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Dexter770221
Legendary
Offline
Activity: 1029
Merit: 1000
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June 05, 2014, 02:49:28 PM |
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So, ASICMINER will be buying 30k BTC to pay shareholders? Time to buy BTC not shares |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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