**NEWS ITEM ADDED**bASIC-Mining Increases Hashrate
bASIC-Mining is pleased to announce the further expansion of it's ASIC mining inventory. Two additional Avalon batch 3 rigs, each with 4 hashing modules have been obtained. This addition is expected to bring bASIC-Mining's total hashrate up to approximately 1,210,000Mh/s. The new hardware is currently being configured and will be available to add to mining revenue as early as tomorrow, Wednesday August 14.
Management remains committed to a policy of strong growth and careful hardware selection in this rapidly expanding Bitcoin network environment. The company's active hardware assets consist of the following:
(1) BFL Minirig SC
(4) BFL Single SCs
(3) Avalon 4 module rigs
(3) Avalon 3 module rigs
(2) Radeon HD 6770 GPUs
(2) Radeon HD 7770 GPUs
Cheers,
CreativeX
https://btct.co/security/BASIC-MINING If posts like this do absolutely nothing to price anymore then what will?
Just a month ago this could've made the stock go up 30% or more within hours. Now, nothing. Looks like those days are over. Not just for basic mining but for pretty much all the others as well.
I bought way too high and i'm looking to get out but without a massive loss.
I'm waiting for the price to go up again but i'm really wondering what they possibly can do for the price rise a lot again...
Buy 10 new miners? 20? This obviously won't happen...so anything else i don't know about?
This is my current position as well. I was contemplating posting the same question as well, but was afraid of the backlash.
I too, would like to ask what are some realistic things (besides difficulty drop off, bitcoin price explosion, miners fee quadrupling, aliens ect) that could raise the price in the near (days/weeks/months) future?
never heard of "buy the rumor, sell the news" ?
people were anticipating hardware acquisitions in basic, now they aren't. the volatility fizzled like a balloon popping (this is how volatility acts on all equities btw, after news is out)
everyone knows that basic's dividends can barely keep up with the hashrate adjustments *NO MATTER WHAT* for the next few weeks, at least, so asking for growth on top of that is out of the question
creativex just keep up the hardware acquisitions, as individual miners get squeezed out of the market as things become too difficult for them, basic can scale much more efficiently
The difficulty is killing everyone, including stocks such as bASIC. I read earlier today that any BFL device that arrives later than September 1st will be unprofitable with the current difficulty rising trend.
Unfortunately that isn't just affecting just BFL customers, it affects bASIC and all other securities or similar. I think the way they should be focusing on now, is using sites like Middlecoin, or multipool (when they implement their auto-exchange feature) and using GPU's for mining. I know they're highly in-efficient, but they can generate more profits mining than ASICs can, I never thought I'd say that, but I guess things change, aka the difficulty of bitcoin mining.