Quote from: bitfair on July 01, 2013, 02:37:54 AM

Mining was designed to be a competitive business from the start and not a charity. ASICMINER is playing by the same rules as everybody else - and they are very good at it!

Quote from: dogie on July 01, 2013, 02:24:07 AM

Yes, he issued 200k shares to the public, kept 200k shares for himself. He has since sold another 40k shares into the wild which generated him pure cash.

Yes, he and the other founders kept 200k shares as "sweat equity" and that was clearly stated in their contract. What difference does that make? And I don't believe he has sold another 40k shares, but then again, what difference does that make? There has been no dilution - the total number of shares has always been 400k.

Quote from: dan99 on July 01, 2013, 02:23:19 AM

The questions is who bought all these Over Price Hardware from him? Especially the USB AsicMiner? Who is help by a group of co-hots namely those who started the group buys and those middle men who go for the Quick Buck. It is the Westerners who bought all of these over price stuffs from him. Who to blame? Avalon may go big time into mining nobody knows. If all the Westerners boycott Chinese Mining Hardware from China that may slow down the growth of AM and those from China.

Are you making it an ethnic argument now? Us vs. Them? What difference does it make that ASICMINER is based in China?

Quote from: Paladin69 on July 01, 2013, 02:20:52 AM

ASICMINER is just taking advantage of the stupidity. I can't blame them for trying. Ventures like this will turn mining into a scammy TV infomercial if they continue to be supported.

I assume you are referring to the price of the hardware again. They have no obligation to sell their hardware for less than they think it is worth - which is what the highest bidder is willing to pay. Nobody is obliged to sell you a Ferrari at the price of a Toyota just because your notion of "fair" says so. ASICMINER has an obligation to maximise value for shareholders, and that is what they are doing.

Anyway, if you have any suggestions on how things can be done differently, then please make them - but "just slow down and let others win the race" does not really make sense business-wise.

Anybody can do what they want but my original point still stands that you yourself pointed out.

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...possibly with the exception of competing miners and hardware manufacturers.

Only support companies like KNC, BFL, and Avalon who all claim to only use testnet before shipping to customers.

Again the only reason why I care about this is to disperse the network hashrate democratically. It is really not a good idea to let one person control so much. Yes more big companies will come along eventually, but don't let it happen willfully if you can help it. Those bigger companies down the road will have a harder time if more miners are involved.

Not people buying shares so one guy can mine more. Christ. Central bank shit right there. And people still proudly admit to supporting it. **face_palm**

People really have no idea what they are helping to grow there.