[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 342.

Sou

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(Bitcoin related text here)

Quote from: kleeck on November 19, 2013, 09:02:58 PM

Quote from: VolanicEruptor on November 19, 2013, 08:43:49 PM

Quote from: kslaughter on November 19, 2013, 04:28:32 PM

Quote from: Stuartuk on November 19, 2013, 04:19:08 PM

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken. Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up. you are so pro

I thought it had been made quite clear that Ken was making an announcement this week regarding progress and future plans.

I was under the impression that Ken making his "BIG announcement" this week was in fact, more speculation. No doubt that there will be one eventually, but what indicates it'll be this week?

kleeck

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https://karatcoin.co

Quote from: VolanicEruptor on November 19, 2013, 08:43:49 PM

Quote from: kslaughter on November 19, 2013, 04:28:32 PM

Quote from: Stuartuk on November 19, 2013, 04:19:08 PM

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken. Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up. you are so pro

I thought it had been made quite clear that Ken was making an announcement this week regarding progress and future plans.

VolanicEruptor

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Quote from: kslaughter on November 19, 2013, 04:28:32 PM

Quote from: Stuartuk on November 19, 2013, 04:19:08 PM

So if the 1.4k BTC (or a portion) are still with us then when is the best time for Ken to convert to FIAT?

We could have got 800USD last night for them, 500 this afternoon or 700 now. Tomorrow or in a few days they could be back in the 3-400 range.

Any thoughts on this.

Or next week they may be worth $2,000 each.

pathetic post, Ken. Your shareholders are begging for information regarding progression with the chips and all you have to say today is that the price of a bitcoin might go up. you are so pro

Rodyland

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Quote from: Bargraphics on November 19, 2013, 08:00:36 PM

It's hard to have a discussion in this thread because the only vocal people make everyone look like assholes when they have to be constantly corrected.

+1 Rodyland for doing this job. I haven't seen you around but welcome you to come around more often.

Thanks for the kind words. I've been in ActM since the initial IPO for a small (for me) sum (never invest more than you can afford to lose), and try to follow the thread (despite the low SNR). I'm hoping that this particular bitcoin investment will work out better than my others (avalon batch 3, avalon chips, and some btcinvest shares). :/

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: wasubii on November 19, 2013, 08:21:31 PM

Mmmmm but even if we know how many chips we will get we still have no idea of the chip performance

I agree, but at least we have information on what that "Should" be so we can speculate just a little more to reality than what has been going around Tongue

wasubii

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Mmmmm but even if we know how many chips we will get we still have no idea of the chip performance

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: hak8or on November 19, 2013, 08:13:34 PM

Quote from: Ozymandias on November 19, 2013, 06:15:57 PM

Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?

You should be looking at the costs for masks, with 1.4 million probably giving you at best six layers using the 22nm node. (Pretty much very little)

eASIC NRE was ~1M, the node is 28nm, the masks are paid for already. The 1.4M would go directly toward Wafers/Boards/Components

I estimate eASIC Wafer Costs to be around $12,000 to $15,000 but they could have a considerable markup on them due to them being "In Hand" and "Ready to go".

If anyone knows the size of a Nextreme Chip you can estimate how many chips per wafer fairly easily.

hak8or

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Quote from: Ozymandias on November 19, 2013, 06:15:57 PM

Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?

You should be looking at the costs for masks, with 1.4 million probably giving you at best six layers using the 22nm node. (Pretty much very little)

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: Rodyland on November 19, 2013, 07:12:44 PM

Quote from: minerpart on November 19, 2013, 05:02:53 PM

This bubble and bust may have scared an awful lot of people off.

I don't think those words ("bubble" and "bust") mean what you think it means.

When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction.

Haven't you learned by now, a few of these "investors" that frequent this thread pick up words they see others use and toss them around in their own posts.

It's hard to have a discussion in this thread because the only vocal people make everyone look like assholes when they have to be constantly corrected.

+1 Rodyland for doing this job. I haven't seen you around but welcome you to come around more often.

Quote from: knybe on November 19, 2013, 07:35:17 PM

dunno, everything seems right on schedule to me...

A little dramatic but proves my point

Quote from: Bargraphics on November 19, 2013, 05:08:34 PM

BTC will always go up, it has been shown/proven

granitemouse

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Quote from: knybe on November 19, 2013, 07:35:17 PM

dunno, everything seems right on schedule to me...

https://i.imgur.com/q9aZKqN.png

+1 as well.

knybe

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decentralize EVERYTHING...

dunno, everything seems right on schedule to me...

granitemouse

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Quote from: Rodyland on November 19, 2013, 07:12:44 PM

Quote from: minerpart on November 19, 2013, 05:02:53 PM

This bubble and bust may have scared an awful lot of people off.

I don't think those words ("bubble" and "bust") mean what you think it means.

When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction.

+1

Rodyland

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Quote from: minerpart on November 19, 2013, 05:02:53 PM

This bubble and bust may have scared an awful lot of people off.

I don't think those words ("bubble" and "bust") mean what you think it means.

When something is trading at an all time high, and then keeps making new all time highs, and then falls back to the price it was a few days ago (which was on the way up an all time high) then it's not a bust of a bubble. It's a necessary price correction.

minerpart

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IIIIII====II====IIIIII

Good page. there is a guy on there predicting 170 USD bottom. A bit low for me but he's in the right territory.

zumzero

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myBitcoin.Garden

As Effayy said on the previous page, it will take that time for the new money to go through the system and the beginning of the week always starts with a spurt. (Edit: ..as we have yet to see the boost from the hearings)

Here's the link to the reddit page I follow which is a brilliant source of speculative info.

http://www.reddit.com/r/bitcoinmarkets

minerpart

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IIIIII====II====IIIIII

Why do you say that about Monday or Tuesday?

I predict we will not see 900USD again this year. We've seen Mrs China lose a mint now we are waiting for some big players to push this higher. And serious players will only get in on a good price. Right now a good price is sub 400, so expect a steady decline for the next six to eight weeks.

If anyone want's to cash out at a decent price they need to do so today.

Vigil

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Quote

I am of the view that IF someone wanted to maximize profits from selling btc in the near future, then this coming Monday/Tuesday we'll see prices in region of $1200 - $1700.

Wow, how did you come to that conclusion?

zumzero

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myBitcoin.Garden

I'm glad I don't have the responsibility of cashing it out!

Ozymandias

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Holy hell, 1400btc at a paltry $1000/BTC gives us $1.4 million, how many wafers does all that buy us?

kleeck

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https://karatcoin.co

Quote from: zumzero on November 19, 2013, 06:05:41 PM

Anyone considered the fact that kleeck's analysis and projections, while well intentioned, are an accidental red herring in this discussion?

Everyone is talking about cashing out the Avalon refund, but who says we need to any time soon? Ken's clearly not daft and will likely have the majority view that holding Bitcoin is wise as the price will be higher in the future. Anyway, I was under the impression that it was the hardware sales that we're going to finance the construction of our mining farm and given Ken's recent excited announcement of the $1M sale, we had reached that milestone already.

I am of the view that IF someone wanted to maximise profits from selling btc in the near future, then this coming Monday/Tuesday we'll see prices in region of $1200 - $1700.

Interesting thought. Regardless of the price of BTC that refund was and is for mining equipment. So we ought to buy mining gear with it and sooner the better.

Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 342. (Read 771542 times)