ASICMINER: Entering the Future of ASIC Mining by Inventing It

[freedomno1]

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  
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   Call it the premium shirt heh

[🏰 TradeFortress 🏰]

Did friedcat start a sig ad campaign?

[xhomerx10]

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

[101111]

Did friedcat start a sig ad campaign?

details here: https://bitcointalk.org/index.php?topic=739269.0

[Embret]

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

[jjdub7]

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.

[trek27]

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

Havelock Investments

[Another User]

Did friedcat start a sig ad campaign?

Good luck getting into it. 

[stompysteve]

I am in, thanks Friedcat

https://blockchain.info/tx/a51d5634867d070b2b9684e682eaada688846bdeb5b80f26a09f4a63399a36bf

coins are on the move from the sales thread BTW  

https://blockchain.info/address/12ucMegjPDx7n8UHryWRRmRJYDCpZGtjUb
https://blockchain.info/address/1FKFSu3f3jNwjwSkmpLSGrsd1FPXr3Wdbb
https://blockchain.info/address/1FqFJHvR91t8DTjAVD75CJ4cKTxuPPu6Cq

im not very good at making any sense of it though, lots of coins started going to some of those around may june

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

[ensurance982]

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.

[sngwinner]

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. 

[wasubii]

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.  

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)

[webbrowser]

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.

[Mabsark]

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.

[feifa]

Total hashrate reaches 199P

[rudi]

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.

[xhomerx10]

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.

[bitcoin.newsfeed]

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 ?   ffs...

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

[MichaelBliss]

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 ?   ffs...

Poor guy you are.  That bag must be heavy by now.   May I suggest you lighten it?   I could use some more shares at the current rate.

[whalezy]

why not AM build a public hashrate pool? The affiliates can join this pool, then the pool will be big enough to attract outsiders. Our dividends will include the fees, at least AM's affiliates don't need to pay the fee to other pools.