Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1001. (Read 3917058 times)

Did you notice the name of the seller?   Ah, not the same guy. 

He only wants $40K now.

They aren't 'going' anywhere, they aren't going to get any bidders.  USB blockerupters are overpriced by every metric.  However, as a shareholder, I'm perfectly fine with that lol.

BTW for all those people claiming ASICMINER is charging too much for Blockerupters, check out EBay for BFL.
Two SC Singles which retail for $$2500 each, are going on EBAY for $50,000.

Mind you this isn't for immediate shipping. It's for an early place in line!!

http://www.ebay.com/itm/60GH-s-Bitcoin-ASIC-SC-Single-Butterfly-Labs-Order-1208-July-15-/161041222276?pt=LH_DefaultDomain_0&hash=item257ece0a84

Compared to this Blockerupters are a bargain, and ASICMINER should be able to sell as many as they can produce. (EBay arbitragers should take care of that.)

Another note, I could not find a single BFL device that was ready to ship on EBay. (No wonder USB sticks are being marked up.)

-helixone

A high difficulty increase every 2160 blocks also makes investing in newer generations of tech sooner more attractive. Spend a lot of money to stay where you are with the current tech, and fill up your datacentre quickly, or expedite the next generation and not be forced to find more space, power and people, at least for a while.

This is where the law of large numbers will really start to be apparent regarding ASICMINER. ASICMINER is currently sitting around ~23.5% of the network. While all of the near-term mining equipment is paid for, setting it up and maintaining it along with the current equipment will become a much more difficult challenge. I think with the delays and issues BFL and Avalon are having that ASICMINER should be able to maintain 16-19% of the network in the near future and that longer term Friedcat's estimate of 10% seems reasonable.

While it may be alarming to some investors that it is unlikely ASICMINER will be able to maintain a 20% hold of the network far into the future, there are other points to consider. As bitcoin gains acceptance, more transactions will lead to much higher fees. Over time, especially with future instances of block halving, these fees will become a larger reward than the actual block rewards. Tracking bitcoin acceptance and total transaction growth should be paid more attention to, as it will have a direct effect on ASICMINER's profitability.

Yes.  Yes I am.  Back in February, the 100+ BTC I used to order BFL boxes would've bought me a couple hundred shares of ASICMINER which would now give a 5BTC/week dividend and be worth over 500BTC.

Kicking... over... and... over...

I believe friedcat made an early conservative estimate that he would be able to hold onto 10% of the network, but that was months ago, and before it became clear that Avalon and BFL couldn't reach the scale of production as quickly as ASICMINER has been able to. I do not recall him making any adjustments to his conservative goal of 10%, however that said, it's clear that he's doing the best he can for shareholders.

Do consider that if difficulty goes up 20% on the next difficulty increase that means they have to increase hashing by 20%, that get's harder and harder to deploy as we're already talking huge amounts of HW. IE: 31TH to 37.2TH, which is basically 600 Blockerupter boards in 10 days, or 60 boards a day. Mmm. This is doable if they have the datacenter space, cooling, networking and power in place, but keeping up with difficulty is going to get harder and harder. (Bear in mind they are already managing 3100 blockerupter boards in their mining farm!!)

My gut feeling, is that they'll only be able to build so many datacenters so fast, and will likely steer a larger percentage of their hardware production towards sales. (And will steer more HW to mining as datacenters come online.)

Damn what an awesome problem to have! (Please note all numbers are approximations.)

-helixone

All those guys that had their bitcoins tied up with BFL pre-orders must be kicking themselves over and over wishing they had put those bitcoins towards AM shares.  

I more certain to buy more shares

I think AM should get 40% of network n just hold it there why not? btc guild had that spot for awhile now...its AM turn

Maybe with other ASICS coming online ASICMINER decided that it is better to have more % of the network so we can withstand the decrease in % and catch up to the increasing hashrate of non ASICMINER?

Didn´t he say they wanted 20% of the network and stay there. Maybe already stocking up now, as BFL seems finally about to ship bigger units.

ASIC Hashrace first recorded on Tuesday 11th of June

A new chapter begins.

two words: holy shit

This is no small achievement.

Runeks, love your chart!  Would it be possible to adjust your second chart, or add a new one, so that there is an overlay of the previous week(s)?  Basically I want to easily at a glance see if we are doing better or worse then last week without having to hover over the line and count the days.  Donations incoming after I get my next divs (spent last weeks on hookers and blow already) as I realize I look at your chart daily, and I have yet to donate to you!

put it on the 6th gear, and let the good times roll

ASICMiner has overtaken BTCGuild and 50BTC to be the largest mining "pool" (as of this post's time stamp)!!!

http://blockchain.info/pools

Shareholders rejoice!!

It looks more like a Fried-ngzhang

They are no fried cats and that is why the next gen chips would smoke those chips out of the hash race.