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Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
This makes sense, but you may be leaving out two relevant (ASIC Mining gear) market segments:
1) New Bitcoin investors that prefer to mine their coins instead of buying them (there are different reasons for this that have been discussed somewhere else)
2) "Corporate Miners" that need to stay on top of the game
Also, you should be very cautious when declaring the whole mining industry "not profitable at current difficulty levels" - as long as Bitcoin prices keep moving they have, it will be extremely difficult to prove this assertion. Looking at ROI in BTC alone can be an extremely misleading simplification.
I somewhat agree with the above paragraph, but the following one seems just wrong: since you pay the device in BTC, you have to consider only the BTC itself: exchange rate with other currency is totally irrelevant, since you had anyway the option of "just keeping your BTC" and having them appreciate exactly the same.1) New Bitcoin investors that prefer to mine their coins instead of buying them (there are different reasons for this that have been discussed somewhere else)
2) "Corporate Miners" that need to stay on top of the game
Also, you should be very cautious when declaring the whole mining industry "not profitable at current difficulty levels" - as long as Bitcoin prices keep moving they have, it will be extremely difficult to prove this assertion. Looking at ROI in BTC alone can be an extremely misleading simplification.
I'm quite tired of having to explain this time and again, it's so obvious but people keep getting it wrong. Will they ever learn?
You are wrong. Your pretentious attitude sucks.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html
One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.
Hi Realdos,One of our group members in Chinese community had an interview with Friedcat today. Above is the brief introduction of what Friedcat has done and planned to be accomplished in the next months.
To be short:
1. 1000T would be released around Nov 7th. These chips may be sold or deployed, depending on the situation then.
2. 2nd Gen chips have already been developed long time ago. But they were delayed to deploy considering the unsatisfactory performance.
3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.
I think friedcat played some word game here.
From 1:45 to 2:06 in the video, the girl said friedcat told her that, by Nov 7th, he will have sold a total amount of 1000T since the beginning of this mining business.
i.e. this 1000T is a grand total counting all the hardware sold in the past, not that he will release another 1000T around the 7th.
KC
Nobody wants to know
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
You have to stand up and say something now friedcat.
What does he have to say? He is emailed the list of shareholders twice a day, the PT shares will become direct shares, this is almost exactly why the email was sent in the first place.
Of all the funds and securities I hold on BTCT right now, this is the one I'm least concerned about.
Any source to confirm PT shares will become direct shares? Thanks.
to those who have not been around for that long:
ASICMINER was originally traded on an exchange called glbse. this exchange went to dust and all shares held by the investors were transferred to direct shares (probably an excel table on friedcats laptop). at that time, this measure was born out of necessity. If glbse wouldnt have gone down, there would not be direct shares. All passthroughs were born to make direct shares efficiently tradable again. One reason firedcat didnt want direct shares to be listed on an exchange like btct is exactly what has happend now. As all pt shares will be transferred back to direct shares, the closing of btct DOES MEAN NOTHING FOR ASICMINER'S BUSINESS.
In short: this has happend before! It will go a lot smoother than last time. it is absolutely not worth panicking about.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Resistance at 2.4 just vaporized.
How low can we go???
How low can we go???
the only thing I really hate is that this guy is earning money with this.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Maybe it was a strategic placement to stop the shareprice from falling?
I mean its not important to friedcat what a share is priced
I mean its not important to friedcat what a share is priced
What?
What the fuck are you talking about?!my question exactly
asking this just proves how insanely uninformed some "investors" here are.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Vycid, I think we all got your points here on this thread, now. That would be nice if you could just post less, it starts to be annoying.
Convey your ideas, write them down nicely, post them, that's all very well. But don't feel obliged to answer to pretty much any post at any time.
That's not worth it for everyone to go through pages and pages of text half from you, whatever is your added value to the discussion.
I am sure many already have put you on ignore list. I am politely asking you to refrain a bit instead, because I am ok to read your input. In absolute valuation, not in number of posts!
Convey your ideas, write them down nicely, post them, that's all very well. But don't feel obliged to answer to pretty much any post at any time.
That's not worth it for everyone to go through pages and pages of text half from you, whatever is your added value to the discussion.
I am sure many already have put you on ignore list. I am politely asking you to refrain a bit instead, because I am ok to read your input. In absolute valuation, not in number of posts!
This is a reasonable request. Attempting to answer everyone's questions/arguments is clogging the the thread.
I intend to switch to a denser, high-effort post every 1-2 days, to avoid repeating myself. Starting today.
or maybe just STFU
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Your failure to understand does not constitute a logical inconsistency.
Neither do your straw man arguments.
I'm short via an options position, obviously. That position alone is not the motivation, though, as I don't think I really have much leverage in influencing the price level. It's got a lot more to do with my interest in AM as an apparent violation of rational markets theory.
Neither do your straw man arguments.
I'm short via an options position, obviously. That position alone is not the motivation, though, as I don't think I really have much leverage in influencing the price level. It's got a lot more to do with my interest in AM as an apparent violation of rational markets theory.
There are no arguments in my statements. Arguments would just trigger more bullshit from you. Again, I can only laugh at your "being short" explanation.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
My hypothetical vision of the most valuable company in Bitcoin-land is not just a mining company, but instead a company that really capitalizes on Bitcoin as a PLATFORM instead of a currency - for example, enabling USD->BTC->USD transactions for significantly less than credit card fees. Then we are talking about a company with the potential to be worth many billions USD, AND with the potential to create miner fees that will help synergistically fuel its mining business. Why sit around and wait for transaction fees that may not materialize before your competition erodes all your market share - why not create the infrastructure to make Bitcoin accessible to the wider market?
I also believe the biggest mistake friedcat made was not to build cars and sell them. Cars could well be sold for bitcoin (as a PLATFORM instead of a currency), you know. Billions of dollars!!! Many transaction fees! Synergistically fuel its mining business!
You just disqualified yourself. What are you smoking? Thank you for shutting up.
Gosh, I see how silly I am, now. I might as well have said "cars", since cars are obviously just as adjacent a market to bitcoin mining as a bitcoin exchange would be!
If you don't know what I mean by "platform", look up the difference between "bitcoin" and "Bitcoin".
I already didnt get what you mean with "growth". Does that have something to do with http://en.wikipedia.org/wiki/Superpower in combination with http://en.wikipedia.org/wiki/Alice_in_Wonderland? I suppose wonderland is the platform? You genius!
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
My hypothetical vision of the most valuable company in Bitcoin-land is not just a mining company, but instead a company that really capitalizes on Bitcoin as a PLATFORM instead of a currency - for example, enabling USD->BTC->USD transactions for significantly less than credit card fees. Then we are talking about a company with the potential to be worth many billions USD, AND with the potential to create miner fees that will help synergistically fuel its mining business. Why sit around and wait for transaction fees that may not materialize before your competition erodes all your market share - why not create the infrastructure to make Bitcoin accessible to the wider market?
I also believe the biggest mistake friedcat made was not to build cars and sell them. Cars could well be sold for bitcoin (as a PLATFORM instead of a currency), you know. Billions of dollars!!! Many transaction fees! Synergistically fuel its mining business!
You just disqualified yourself. What are you smoking? Thank you for shutting up.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
So now suddenly Friedcat is an idiot? Of course he wouldn't do it all at once...
oh, right, so now burnside is an idiot and would ignore magical shares in his account?I'm still not clear on how Burnside would know they're magical. Isn't Friedcat the one who verifies them?
no, that's what I am trying to tell you. FC handles direct shares. To convert direct shares to an exchange, basically FC puts shares into burnsides name, then sends a message to burnside saying the shares have been transferred. Burnside then enters those shares into his site software and attaches them to the correct username.
For your scheme to work, both burnside and FC have to be in on it (or alternative PT operator).
... Uhhhhh... So, FC makes up some direct shares that don't exist, tells burnside they're legit shares belonging to some made-up usernames (which FC controls, of course) ...
...
I must be pretty dumb, because I'm not seeing the difficulty.
yes you are pretty dumb. please stop spamming this thread with your stupid, irrelevant speculations!
Irrelevant? Gee whiz fellas, you forgot the "bullish sentiments only" sign!
So be it. I obviously have no cohesive argument for my bearish sentiment, and I should get out of the way to make space for all the honest folks who have nothing riding on their bullish sentiment.
All you guys need now is some Viton o-rings for this spaceship.
now I see where you are coming from! what if friedcat builds a spaceship?
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
So now suddenly Friedcat is an idiot? Of course he wouldn't do it all at once...
oh, right, so now burnside is an idiot and would ignore magical shares in his account?I'm still not clear on how Burnside would know they're magical. Isn't Friedcat the one who verifies them?
no, that's what I am trying to tell you. FC handles direct shares. To convert direct shares to an exchange, basically FC puts shares into burnsides name, then sends a message to burnside saying the shares have been transferred. Burnside then enters those shares into his site software and attaches them to the correct username.
For your scheme to work, both burnside and FC have to be in on it (or alternative PT operator).
... Uhhhhh... So, FC makes up some direct shares that don't exist, tells burnside they're legit shares belonging to some made-up usernames (which FC controls, of course) ...
...
I must be pretty dumb, because I'm not seeing the difficulty.
yes you are pretty dumb. please stop spamming this thread with your stupid, irrelevant speculations!
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
One year ago, a small group of individuals with a grand vision came together and collaborated their efforts. They shared their idea with the community, allowing others to join in the project to come. Within 6 months, they started the largest collective mine and are now considered one of the most (if not the most) successful Bitcoin companies.
Happy Birthday/Anniversary, BitFountain/ASICMiner! May you have many more.
Happy Birthday/Anniversary, BitFountain/ASICMiner! May you have many more.
^this
Happy Birthday!!! And what a present you made for yourself!!
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
IT'S ON!
Store Updates:
This weekend (possibly as early as Friday night), you will be able to place orders for ASICMINER Blades. Exact pricing is not yet finalized. Inventory is not in stock, but will be ordered from ASICMINER Sunday evening (earliest date available) and shipped out within 24 hours of arriving.
USB Block Erupters will also be back in stock at ASICMINER Sunday evening. Expecting the full shipping queue to be completely filled within 48 hours of new inventory arriving.
This weekend (possibly as early as Friday night), you will be able to place orders for ASICMINER Blades. Exact pricing is not yet finalized. Inventory is not in stock, but will be ordered from ASICMINER Sunday evening (earliest date available) and shipped out within 24 hours of arriving.
USB Block Erupters will also be back in stock at ASICMINER Sunday evening. Expecting the full shipping queue to be completely filled within 48 hours of new inventory arriving.
BOOM! Good old friedcat!!!
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Did i miss a reason why AM-Shares are priced so low at the moment? The divs are high as always so i dont see why...
I think the primary reason people have been discussing, that investors are cashing out of ASICMINER to invest in new startups (unwisely IMHO), is likely one of the primary causes of the low share price. Others likely include the lower dividends recently, the lack of information about new hardware despite expectations of such, and a lack of updates from friedcat. Remember, until fairly recently friedcat was providing weekly updates every thursday like clockwork, and that has stopped without explanation.
The fact that news about new ASICMINER hardware is imminent, competition is unlikely to seriously compete any time soon, and that friedcat is working just as hard as every in spite of the lack of official updates leads me to believe that it is in fact an fantastic time to purcahse ASICMINER shares.
I must agree watching it at 3.6 even I think that's a steal
People have to be crazy to sell at those prices...
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
it's funny to see that all these douchebags usually spamming this thread went surfing speculation bubbles somewhere else. Thank you activemining, labcoin etc!!! Thanky you!
Quote
Also, Active Mining has already doubled in price since I made my initial post here, proving that ActM was a far better investment than AM at the time.
Active Mining can be a better short term investment, but for those who looks on a span of months it's definitely not going to be.
People investing in AM today won't see 200% ROI for years. People who invested in ActM when this thread began have already seen a 200% ROI in under a week with the potential for 1000% ROI by the end of year. I don't see how you can claim that AM is a better investment today.
It is very easy. By investing in ActM you are taking a huge risk. Your 200% ROI is purley based on speculation and it can vanish in minutes. ASICMINER is an established player and proved many times its capability. To believe ActM will repeat ASIMINER's success just because they use the same business model is beyond foolish. Putting on Michael Jackson's shoes will also not make you a great dancer. I'm very sorry to break it to you. How can anyone be so stupid?
Re: [ActiveMining] The Official Active Mining Discussion Thread
"investors" throwing 10 million usd at this? seriously? has everbody gone nuts or am i missing something??? 10 million usd just for some promisses??? this is fucking crazy. i love it. can someone explain?
has everbody gone nuts or am i missing something??? 10 million usd just for some promisses??? this is fucking crazy. i love it. can someone explain?Welcome to the Bitcoin industry. We are not in a recession..
point taken... but seriously. what's the deal here? if it's just what i read in the ipo terms, people have to be insane to invest these amounts of money. INSANE!