Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
@ mabsark:
Hello, i might not be here for a long time but as far as im concern, your/my math is crystal clear. As i am working in an investment company this is basically all we need to make a decision: hence i am not buying for now (but i certainly will in the future, and i am not saying it will drop back to 0,3 or even lower).
However, you may underestimate the possible outcomes of AM's overall strategy. They were the first mover so if anyone should be 3 steps ahead in the bitcoin world, its them.
Finally, i found it quite unnecessary all this anger in response of your fair calculations. People tends to be even more passionate when it comes to their investment/money (which isnt wrong at all, i completely understand it as i may also be quite nervous sometimes). So to me it does not matter whether you where previously wrong before and about other subjects (labcoin, blablabla..). People learn from their mistakes and then sharpen their understanding and analysis. I would be much more suspicious if someone is always right (although some people can).
Anyho, since this is an AM thread, could we please move on to some more relevant conversation? Or should we create a topic named "discrediting mabsark"...
thx
Hello, i might not be here for a long time but as far as im concern, your/my math is crystal clear. As i am working in an investment company this is basically all we need to make a decision: hence i am not buying for now (but i certainly will in the future, and i am not saying it will drop back to 0,3 or even lower).
However, you may underestimate the possible outcomes of AM's overall strategy. They were the first mover so if anyone should be 3 steps ahead in the bitcoin world, its them.
Finally, i found it quite unnecessary all this anger in response of your fair calculations. People tends to be even more passionate when it comes to their investment/money (which isnt wrong at all, i completely understand it as i may also be quite nervous sometimes). So to me it does not matter whether you where previously wrong before and about other subjects (labcoin, blablabla..). People learn from their mistakes and then sharpen their understanding and analysis. I would be much more suspicious if someone is always right (although some people can).
Anyho, since this is an AM thread, could we please move on to some more relevant conversation? Or should we create a topic named "discrediting mabsark"...
thx
It's good to know that at least one person here is willing to do maths for themselves. The security threads would be so much better if others would just do the same and actually start thinking for themselves.
The funny thing is, I'm not even saying that AM will definitely not be profitable. I created a specific scenario, which is fairly plausible, and showed that under those conditions, AM couldn't maintain a 5% share of the network.
Anyway, I think I'll just leave at that and take a break from here for a while.