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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
MichaelBliss
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August 17, 2014, 07:16:10 PM
 #22201

Remember: hang to dry those precious shirts guys.   Wink  I'm jealous though I remember deciding not to order that shirt, so I have only myself to blame. 
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chairforce1
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August 17, 2014, 08:04:01 PM
 #22202

Nah, its one of the original set of...

No, that idea was derived from the "original shirt" from Neilol and I which is what KarmaShark had posted. Look at the dates  Wink

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August 17, 2014, 10:49:10 PM
 #22203

Nah, its one of the original set of... 6? 12? made by a guy here in the thread.  Sameish design, but on black... and special because it was one of the first.  The design is also different, the cat is in the pan, being fried.

Yep still have my Friedcat shirt as well ready and what not
Good old nub's shirt  Wink
I also saw a Fellow user in a certain video using it so kudos to the semi anon XD
(Know he lurked AM around that time and bought a shirt and IS not me ^^)



https://www.youtube.com/watch?v=XEthXBHsEac&feature=youtu.be&t=3m5s

Cheers random Friedcat shirt dude !
1/53 ^^



EDIT: Darn AAZ thanks for reminding me  Grin Call it the premium shirt heh

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August 18, 2014, 12:47:42 AM
 #22204

Did friedcat start a sig ad campaign?
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August 18, 2014, 01:26:37 AM
 #22205

Nah, its one of the original set of... 6? 12? made by a guy here in the thread.  Sameish design, but on black... and special because it was one of the first.  The design is also different, the cat is in the pan, being fried.


How about this then good Sir?:



https://bitcointalk.org/index.php?topic=246518.0

Thats it!  Wait... I ordered 2?!  I only ever got one... I think.  O DAMN!  Now I have to search my house....

Edit: LOL I paid 1 BTC for a shirt back in 2013, I hate looking back at old posts -_-

 Wow!  That shirt is worth more than your washing machine.  You should have it stuffed and mounted Wink
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August 18, 2014, 02:38:12 AM
 #22206

Did friedcat start a sig ad campaign?
details here: https://bitcointalk.org/index.php?topic=739269.0
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August 18, 2014, 10:49:42 AM
 #22207

Havelock has been down for atleast a few hours now. Is this downtime normal?
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August 18, 2014, 10:53:27 AM
 #22208

Havelock has been down for atleast a few hours now. Is this downtime normal?

usually only during maintenance, although they never announce or confirm it.
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August 18, 2014, 12:06:43 PM
 #22209

We are working to bring it back up soon. We apologize for any inconvenience.

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August 18, 2014, 01:40:45 PM
 #22210

Did friedcat start a sig ad campaign?

Good luck getting into it.  Cheesy

RoadStress Sock Puppet
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August 18, 2014, 03:09:13 PM
 #22211

I dont mean to spam, but i know some people dont look in the speculation thread, and no one has come up with any guesses

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August 18, 2014, 05:50:45 PM
 #22212

I'm really worried that the current BTC prices will affect the profitability of the whole mining operation. Sure, we'll mine the same amount of coins and possibly even more if the competition goes down. But, as some people already pointed out, AM will have to pay for electricity and other expenses. And with the price tanking this severely, I think the whole mining operation may become too unprofitable.
FC said, he hoped to continue dividends in August. Maybe he was expecting a bubble in order to being able to make that happen.

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August 18, 2014, 06:38:01 PM
 #22213

Weren't a lot of the chips originally sold in Fiat so shouldn't we have Fiat reserves to handle expenses right now? I'm all for taking a large share of the network even at low profitability if it means we price out competition to give us a better footing when the price increases. That said I still want divs.  Grin

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August 19, 2014, 12:56:57 AM
 #22214

Weren't a lot of the chips originally sold in Fiat so shouldn't we have Fiat reserves to handle expenses right now? I'm all for taking a large share of the network even at low profitability if it means we price out competition to give us a better footing when the price increases. That said I still want divs.  Grin

Exactly this. The low BTC price is the same for everyone - as long as AM can be relatively more profitable then it is good news as it will hamper competitors with higher power costs (I'm looking at you Bitfury)

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August 19, 2014, 01:41:43 AM
 #22215

I'm really worried that the current BTC prices will affect the profitability of the whole mining operation. Sure, we'll mine the same amount of coins and possibly even more if the competition goes down. But, as some people already pointed out, AM will have to pay for electricity and other expenses. And with the price tanking this severely, I think the whole mining operation may become too unprofitable.

For centralised industrial mining operations (like Bitfury, megabigpower?) where the block rewards are converted to Fiat as soon as practical, lower bitcoin prices discourages further investment. This is a good thing, in my view.

If the centralised industrial mining operation only converts to fiat what is necessary to pay for overheads, and holds the rest because they are long on bitcoin, they don't depress the value of bitcoin and I'm somewhat neutral about them.

As for individuals like you and I who are considering exposure to the mining sector, we're probably long-term bullish on bitcoin and would plan to hold most of it. So the decision to mine is essentially a bet that we will reap more in mining over time than if we simply bought and held bitcoins. In this case, I don't think the current bitcoin price is a big factor.
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August 19, 2014, 02:26:13 AM
 #22216

I don't think this price drop will have any effect on miners at all as I don't believe the price will stay so low for more than a few days, it'll be back to around 600 USD by the end of the week.
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August 19, 2014, 02:49:44 AM
 #22217

Total hashrate reaches 199P
rudi
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August 19, 2014, 12:12:54 PM
 #22218

We had gain access of cheap electricity and high power capacity.

Does anyone know what "cheap electricity" can realistically mean in China?
The equivalent of about $0.1/kWh? More? Less?
I realize we can't know for sure, but maybe someone knows what is possible in China.
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August 19, 2014, 02:55:46 PM
 #22219

We had gain access of cheap electricity and high power capacity.

Does anyone know what "cheap electricity" can realistically mean in China?
The equivalent of about $0.1/kWh? More? Less?
I realize we can't know for sure, but maybe someone knows what is possible in China.

 There's not going to be any cheap power in China.  They have problems with pollution and smog due to the fact that around 80% of their electricity production is fossil-based (and about 60% of that is coal).  Hell they are still trying to stop people from burning coal in their little 30m2 flats for heat.  Pushing these people into the electricity market is sure to put a burden on their already strained grids.  Presently they are implementing incentives for solar, wind, gas and other "clean" energy alternatives and pushing a conservation agenda with a tiered rating structure based on consumption which means higher rates with higher consumption. 

 The cheap power is in Washington state, good ole USA.

The rates I have seen for China are  $0.08 USD/kWh and up for residential and $0.12 USD/kWh and up for non-residential, non-industrial.  There is cheap power for farmers in poor areas which is around $0.03USD/kWh but you don't want to get caught running a mining farm there or you will surely be a friedcat.
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August 19, 2014, 02:56:28 PM
 #22220

Update
1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

Why aren't bitcoins from one month mining distributed to the shareholders? And why isn't AM hashrate or mining address public ? ? ?

And what about that promised interview ?  Roll Eyes ffs...

What is the reason to announce that AM re-started the self-mining when all bitcoins goes to the private hands?

... Question Everything, Believe Nothing ...
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