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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1006. (Read 3917058 times)

hero member
Activity: 924
Merit: 1000
The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/
hero member
Activity: 630
Merit: 500
Bitgoblin
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


No, if you are long on btc it's clearly a bargain.
No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.
sr. member
Activity: 406
Merit: 250
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


it's little bit relevant as BFL sells asics priced in USD, electricity is in USD and GPUs are in USD
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


No, if you are long on btc it's clearly a bargain.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.


If I spend 5% on electricity and management fees and that covers volatility of Bitcoin price in the range of 5%-15% then it is okay. But when the price plummets from $120 - $90 that means it went down 20%+ which means I would have to sell more BTC to cover the expenses.

the BTCUSD rate is ALWAYS relevant. The effect was just way minimal unless a big swing like what is happening nowadays occurs.

hero member
Activity: 630
Merit: 500
Bitgoblin
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
Isn't this raising the cost of electricity and management per BTC which means less div this week?

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Isn't this raising the cost of electricity and management per BTC which means less div this week?

I believe that is factored into the google doc as it assumes 5% for Electrical and other costs

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Isn't this raising the cost of electricity and management per BTC which means less div this week?
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

  Grin

but, in the meantime, USB miners are for less than $200 Cheesy people should buy them while they're cheap

He-he that is also true
sr. member
Activity: 406
Merit: 250
400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

  Grin

but, in the meantime, USB miners are for less than $200 Cheesy people should buy them while they're cheap
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000

ASICMINER is no longer a $100,000,000+ company, Any takes on this subject?

  Grin
sr. member
Activity: 240
Merit: 250
Apologies in advance if I shouldn't post this here, but it may be of interest to some of you.

I am selling 50 direct shares at the low price of 2.4 btc each. (Buyer must take all 50). Here is my thread: https://bitcointalksearch.org/topic/fixed-price-auction-50-asicminer-shares-120-btc-24-each-229822

The only reason I am selling so cheap as I am after a quick sale! Thanks.
legendary
Activity: 1064
Merit: 1000
Sick, thanks for posting.  Cool
full member
Activity: 224
Merit: 100
You can't kill math.
Can we please get an official statement from friedcat regarding the asicminer developments highlighted in this video?

http://www.youtube.com/watch?v=MUsaSCRdtYI

That's unreal
newbie
Activity: 13
Merit: 0
Can we please get an official statement from friedcat regarding the asicminer developments highlighted in this video?

http://www.youtube.com/watch?v=MUsaSCRdtYI
full member
Activity: 126
Merit: 100
Hey guys, I'm selling a few direct ASICMINER shares for 2.4 BTC each. PM me if you are interested.


DO NOT TRADE HE IS SCAMMING. I WILL POST PROOF SOON

Update, I have posted screenshots on his other attempted scam thread: https://bitcointalksearch.org/topic/--228958

Tag him as a scammer so no one falls for it.

Are you referring to Kruniac (https://bitcointalksearch.org/user/kruniac-120425

I am almost certain he is scamming. I have not marked him as a scammer yet as I am not certain.  Friedcat still has time to respond to PM re: the transfer and I've not seen if this is the user others are complaining about.

He purchased 1 share:
https://bitcointalksearch.org/topic/m.2364193

It appears that he has sold it 7 different times:
https://blockchain.info/address/1CWiPVyuzoiKiLJUPrME3jBh97Ss3FxPKs

The original address the funds were sent to:
https://blockchain.info/address/14cBNrTYW9XCnYhJqJ9ooAMzz7zAnojWaz

I have done quite a bit of searching to find his real identity.  I believe I have it and have his background check (home address etc.)  If other who were duped want to PM me we can plan our next steps.


I was not talking about him, but I actually bought 1 share from him too, it appears I have been scammed as well, thankfully I used John so no big deal Smiley

Thank god for escrow.


Actually, Friedcat needs to get back with JohnK about our transaction. I can screenshot the PM I sent requesting the transfer.
newbie
Activity: 46
Merit: 0
Hey guys, I'm selling a few direct ASICMINER shares for 2.4 BTC each. PM me if you are interested.


DO NOT TRADE HE IS SCAMMING. I WILL POST PROOF SOON

Update, I have posted screenshots on his other attempted scam thread: https://bitcointalksearch.org/topic/--228958

Tag him as a scammer so no one falls for it.

Are you referring to Kruniac (https://bitcointalksearch.org/user/kruniac-120425

I am almost certain he is scamming. I have not marked him as a scammer yet as I am not certain.  Friedcat still has time to respond to PM re: the transfer and I've not seen if this is the user others are complaining about.

He purchased 1 share:
https://bitcointalksearch.org/topic/m.2364193

It appears that he has sold it 7 different times:
https://blockchain.info/address/1CWiPVyuzoiKiLJUPrME3jBh97Ss3FxPKs

The original address the funds were sent to:
https://blockchain.info/address/14cBNrTYW9XCnYhJqJ9ooAMzz7zAnojWaz

I have done quite a bit of searching to find his real identity.  I believe I have it and have his background check (home address etc.)  If other who were duped want to PM me we can plan our next steps.


I was not talking about him, but I actually bought 1 share from him too, it appears I have been scammed as well, thankfully I used John so no big deal Smiley

Thank god for escrow.
legendary
Activity: 994
Merit: 1000
Hey guys, I'm selling a few direct ASICMINER shares for 2.4 BTC each. PM me if you are interested.


DO NOT TRADE HE IS SCAMMING. I WILL POST PROOF SOON

Update, I have posted screenshots on his other attempted scam thread: https://bitcointalksearch.org/topic/--228958

Tag him as a scammer so no one falls for it.

Are you referring to Kruniac (https://bitcointalksearch.org/user/kruniac-120425

I am almost certain he is scamming. I have not marked him as a scammer yet as I am not certain.  Friedcat still has time to respond to PM re: the transfer and I've not seen if this is the user others are complaining about.

He purchased 1 share:
https://bitcointalksearch.org/topic/m.2364193

It appears that he has sold it 7 different times:
https://blockchain.info/address/1CWiPVyuzoiKiLJUPrME3jBh97Ss3FxPKs

The original address the funds were sent to:
https://blockchain.info/address/14cBNrTYW9XCnYhJqJ9ooAMzz7zAnojWaz

I have done quite a bit of searching to find his real identity.  I believe I have it and have his background check (home address etc.)  If other who were duped want to PM me we can plan our next steps.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
I just read this http://www.coindesk.com/exponential-leap-in-bitcoin-hash-rates/, The first thing went into my mind was... oops the cat is out of the box, and a fried one it is!  Cheesy
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