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
Offline
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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bitdude
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June 05, 2014, 02:50:55 PM |
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Thanks for the update FC.
Still, I believe the communication part should be not that hard.
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Whale's Secret ScriptApiLib is a .NET library that provides unified API to different digital assets platforms with focus on easy of use and robust error handling. Web: whalessecret.com/Samples GitHub repo: [url=https://github.com/AITIS-s-r-o/
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Ozziecoin
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June 05, 2014, 02:55:24 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! If Btc prices rise, I believe there will be capacity to adjust chip pricing in USD terms. |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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June 05, 2014, 02:57:05 PM |
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A lot of weak hands will soon be using those same hands to facepalm today.
Thanks, FC.
fuck my weak hands, fuck the fudders, fuck buying back at a loss... and fuck me 60PH? |
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shawshankinmate37927
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June 05, 2014, 02:58:44 PM |
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So, ASICMINER will be buying 30k BTC to pay shareholders? Time to buy BTC not shares Would be nice if AM could sell a portion of the June batch for BTC instead of fiat. Unless, of course, AM is able to get a better exchange rate than AM customers can get. |
"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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Ozziecoin
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June 05, 2014, 03:04:39 PM |
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...I have never personally met the man, yet I trust him more than anyone else I've met in bitcoin land or anywhere else...
Amen Brother! Let me hear you testify!  I testify that I judge a man by his actions and not his words. And FC has given me no reason to doubt him. |
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necro_nemesis
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June 05, 2014, 03:07:36 PM |
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This is the post we have all been patiently waiting for. Thanks FC and to all the board members who provide clarity.
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vortex1878
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June 05, 2014, 03:07:45 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
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shawshankinmate37927
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June 05, 2014, 03:12:03 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
We need the FUDsters to go crash the BTC price now.  |
"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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whalezy
Member
Offline
Activity: 103
Merit: 10
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June 05, 2014, 03:20:22 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Forget to ask FC will they change the chip price based on BTC price. It may sound silly, but I don't think the chip price is so flexible. That is a huge risk, because BTC price can be really crazy. |
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neilol-real
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June 05, 2014, 03:23:04 PM |
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This is the best possible outcome - look back at the balance sheet guys. Your div predictions are too low above. 1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers. 12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.
There are no orders dedicated to cost in the short time. So it's 1:0. |
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minerpumpkin
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June 05, 2014, 03:23:08 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Basically correct, but I believe we can't sell for $0.5/GH/s in the future. That batch will be sold within the next 1.5 months, so we'll achieve a price of about $0.35/GH/s. And we should brace for a price above $700. Also, FC's wording seems to suggest that we won't adjust the chip price that much but rather sell more chips. My calculation for those interested: https://bitcointalk.org/index.php?topic=99497.msg7148348#msg7148348 |
I should have gotten into Bitcoin back in 1992...
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vortex1878
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June 05, 2014, 03:28:18 PM |
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fc "kind of" answered to the BTC/USD issue. Although I honestly don't really get what he means with that. (...) 2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5. (...) |
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whalezy
Member
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Activity: 103
Merit: 10
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June 05, 2014, 03:31:44 PM |
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fc "kind of" answered to the BTC/USD issue. Although I honestly don't really get what he means with that. (...) 2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5. (...) That means the market demand for Gen3, it depends on the BTC price. With a higher BTC price, we can expect a higher inventory turnover. For $700/BTC, it's 1-1.5. |
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