Search content
Sort by

Showing 16 of 16 results by Monarch
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Monarch
on 23/09/2013, 13:13:05 UTC
Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:
http://erpao.info/#

http://img809.imageshack.us/img809/476/x66a.jpg

*but its just leak from chinese guy again, not official, thank you tinyfox266


Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.
Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
Monarch
on 14/09/2013, 11:15:50 UTC
Dear Friedcat, board members, dear shareholders.

I don’t speak a lot, but as a shareholder I need to speak out now.

Here are my concerns.

1.)   Un-transparency in company mining hashrate
2.)   Un-transparency in company hardware salles and other income/expenses
3.)   Lack of updates from board or Friedcat himself


---

Regarding the first concern, i proposed the following question in the first round of questions

“Could we have an official live hashrate meter from ASICMINER?”

We received 2 answers for now:

Yes. Our internal management system is towards its completing. Directing the data to a public webpage is easy.

The same question made into the second round of questions as well, so second answer was :

We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.

Now is middle of September and we still don’t have hashratemeter. We are still guessing the hashrate from mined blocks, we are still questioning, believing, hoping, speculating …



For second concern regards un-transparency in company sales I proposed the following question

“For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?”

This question made into the second round of shareholders questions.

answer
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

From bitcoin-flow in AM addresses as a shareholder I still don’t have a clue how many blades/usbs company sold in week/month. Also what about direct sales in China? Franchising? Expenses? 2nd gen development? Moving?

Its really hard to write few words after each dividend? “The sales was … and the news are” If CEO doesn’t have a time for this anymore than somebody from staff could handle the public relations.



Third concern, lack of updates.

I remember days when Friedcat delivers updates like clockwork. This is not true anymore. And humble shareholders are kept in speculating darkness. What happened with transparency?

In this unstable times we need updates more than ever.

In my everyday life I see that money changes people, but I believe this is not an issue here and we shareholders are still important for company.


Kind regards,

Monarch
Post
Topic
Board Trading Discussion
Re: Need a partner for a bitcoin exchange (physical, not online) in Bangkok
by
Monarch
on 10/06/2013, 16:38:03 UTC
Goat, thank you for info, its good to have this service in LOS, especially in Bangkok and Patts area Cool
Post
Topic
Board Goods
Re: WTT: DO YOU NEED ANYTHING FROM ECUADOR? I CAN FIND IT!
by
Monarch
on 09/06/2013, 09:48:20 UTC

THIS IS TRUE! how many would you like?  Grin

Mate, my collection of fedoras is already full for this summer, but its always a good thing to have a contact in Ecuador who is accepting BTC for later  Wink

Idea : Create list of products what are typical for Ecuador and what can you get
Post
Topic
Board Mining speculation
Re: When will the gpu line be crossed?
by
Monarch
on 09/06/2013, 09:17:11 UTC
There are plenty of people mining with GPUs who have "free" electricity. As long as they get something out of mining it will continue. Difficulty must be 100x or so until GPUs are completely out of question.

Shutting down the GPU farms will be gradual as different countries have different electricity rates, the difference in electricity rate can be 10x between to countries.

Major movement in BTC/USD price can make things completely different, GPU mining can end next week if there is a huge crash in BTC price, or it can continue through this year if BTC gains value rapidly.

This is great observation
Post
Topic
Board Mining speculation
Re: Difficulty Not An Issue?
by
Monarch
on 09/06/2013, 09:13:33 UTC
Guys, you are always talking about ROI, taking profit(converting back to fiat) etc...  Roll Eyes  But there must be someone willing to buy mined coins at first place.
Post
Topic
Board Goods
Re: WTT: DO YOU NEED ANYTHING FROM ECUADOR? I CAN FIND IT!
by
Monarch
on 09/06/2013, 08:43:16 UTC
They are hand-making the finest Panama Fedoras Straw Hats on the World, even big AlCapone had one from Ecuador, they are masterpiece Cool

http://thumbs2.ebaystatic.com/d/l225/m/mwLpRAL3duJgS1sZGve0L4w.jpg
Post
Topic
Board Auctions
Re: [AUCTION] 50 ASICMiner shares
by
Monarch
on 21/05/2013, 13:26:56 UTC
30 @ 2.1 BTC
Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker
by
Monarch
on 14/04/2013, 10:10:50 UTC
This is my one and only post here. So read it carefully and think about it.

Dear Bitcoiners. I want to share some insights with you.
Recently, we were under serious DDoS attacks and spamming trading-bots attacks as you could see.

Don't you ever think, that these are for our own good? WHAT IF that attacks are placed here from creators of Bitcoin,
because they want to show you the biggest flaws in the whole project? Exchanges? Yes.
The main weakness of the Bitcoin project are the exchanges, and specifically MtGox. Ask yourself.
Are we ready for mainstream? Are we really ready for taking over 1% of worldwide online transactions market cap without bulletproof trading engine?

The project Bitcoin is strong & one-of-the-kind, the planet need it. People need it. We need it. Bitcoin is here for us. It's no doubt that we'll grow big. Protocol is solid rock and community is full of smart people who are thinking outside the box.

But for going mainstream, we need decent trading platform. We must be ready for real attacks from outside of our community. From people with unlimited resources. You know who I am talking about, this is not a game. The world is full of groups who are holding chains and simply don't like this idea.

Please, if anyone competent is reading this message. Dotcom? Here's your chance. We need trading platform, its up to you now.
Post
Topic
Board Beginners & Help
Re: Whitelist Requests (Want out of here?)
by
Monarch
on 13/04/2013, 21:55:03 UTC
I am asking for being white listed.

Thank you.
Post
Topic
Board Beginners & Help
Re: So what happens when someone buys or sells now at Mtgox?
by
Monarch
on 13/04/2013, 21:40:04 UTC
If you place a market order then yes it will execute at the best available bid in 45+ minutes which could be 50 or 150.

So you have a couple options:
a) FOR THE LOVE OF SATOSHI .... STOP USING MTGOX.
b) Don't place orders when the lag is more than a few seconds.
c) Use limit orders to ensure your order executes only at the price you want or better.

+1 , we need decentralized trading platform, if we want to go really mainstream, now the exchanges are the biggest flaw of whole project.
Post
Topic
Board Beginners & Help
Re: Wait for ASIC?... or build new GPU/FPGA rigs?
by
Monarch
on 13/04/2013, 21:37:35 UTC
ASICs will be mainstream if we will be ready for them. Now we are not.
Post
Topic
Board Beginners & Help
Re: Paypal to Bitcoin Question
by
Monarch
on 13/04/2013, 21:36:56 UTC
there is only few companies that do it. with restrictions

Yes, and you must be verified + feedback count needed ... anyone interested be aware from charge backs.
Post
Topic
Board Beginners & Help
Re: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why
by
Monarch
on 13/04/2013, 21:35:38 UTC
F*ck PP and f*ck their fees ... really, we have a Bitcoin here, so no need for PP anymore.
Post
Topic
Board Beginners & Help
Re: Trust No One
by
Monarch
on 13/04/2013, 21:34:46 UTC
Don't trust online wallet services, even Gox ... use Armory or another offline wallet, you are never safe on internet.
Post
Topic
Board Beginners & Help
Re: Introduce yourself :)
by
Monarch
on 13/04/2013, 21:32:51 UTC
Long-term investor and bull want to say some words in proper thread, so I singed up after year of active using of BTC for transactions but 'read-only mode' on forum