Google Translate a Meme making machine
(Well it fits for the frying pan and cat silhouette T-Shirt)
Grilled or Fried we do not mind
This shirt?: http://teespring.com/friedcat
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1009. (Read 3917058 times)
Google Translate a Meme making machine
(Well it fits for the frying pan and cat silhouette T-Shirt)
Grilled or Fried we do not mind
This shirt?: http://teespring.com/friedcat
grilled cat identity USB mining machine!!!
Well blame Google Translate, obviously it is not perfect.
I did that because I think what Friedcat says in relation to ASICminer, even if it is in another language, should be posted here.
Google Translate a Meme making machine
(Well it fits for the frying pan and cat silhouette T-Shirt)
Grilled or Fried we do not mind
That said this news is interesting
I tend to believe friedcat thinks there are other things he can do to maximize dividends.
grilled cat identity USB mining machine!!!
Smart move, competitors didn't see that coming...
grilled cat identity USB mining machine!!!
How can people be upset that their may be a price drop?
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Good point. It's also a question of short-term speculation vs long-term growth/viability. Even if you bought at/near the recent high, near-term dips below your buy-in price don't matter if you have confidence in AM management in the long run.
I believe in AM shares...฿ 2.679 for 1 share is what i paided...and i'm happy i did it cause i believe share price will continue to climb, also pray/hope i'm right
so i hope they keep 20-30% of the network for a long time to come... No problem learning more and getting less confused with each clarification
In Friedcat's dividend where did that 0.00000001 come from?
In Friedcat's dividend where did that 0.00000001 come from?
Before friedcat sends the dividends transaction, he sends another transaction that is used to identify how many shares each address owns. If you own 1 share, you get paid 0.00000001. If you own 5 shares, you get paid 0.0000005. If you own 2000 shares, you get paid 0.00002000, etc. Since there are people that do own only 1 share, this transaction always has at least one 0.00000001 payment in it and so it always looks like spam.
Thanks for explaining the client change and hope that algorithm adaption occurs sometime in the near future
Is their any time-frame at this stage on that
Is their any time-frame at this stage on that
Gavin didn't say.
So that's why it treats the sending as spam when sent in chain blocks.
I was wondering if its the algorithm adoption is correlated to any project development threads for referencing similar to this
https://bitcointalksearch.org/topic/fundraising-finish-ultimate-blockchain-compression-204283
Thanks again
Has there been any word about the price of blades and/or USBs being reduced? I'm an advocate for selling them at as high a price point as the market allows, even though I'm purchasing them, but with with the recent spike in difficulty it would seem to make sense to consider a price reduction. A definitive yes or no over the next week or two would be great, I can't be the only one hesitating to place more orders due to this uncertainty.
Same story here. I've been buying, but I don't think it'd be financially viable for me to buy any more blades until the price is adjusted. BFL has obviously had a horrid track record, but they're certainly ramping up the shipments. Difficulty is about to go bananas. a potential drop from 2.5 to 2.4 a share.
I'm seeing shares selling for almost 2.6 in the auctions. With demand like that, I think people would be crazy to sell for less than 2.5
How can people be upset that their may be a price drop?
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Sort of like being upset it's raining. Kind of childish.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Good point. It's also a question of short-term speculation vs long-term growth/viability. Even if you bought at/near the recent high, near-term dips below your buy-in price don't matter if you have confidence in AM management in the long run.
How can people be upset that their may be a price drop?
Sort of like being upset it's raining.Kind of childish. Understandable but not really productive..
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Sort of like being upset it's raining.
Maybe you bought it at too high of a price then if you are upset about a price drop. For anyone who bought at <2 BTC a share, of which there are many, than they aren't too shook up about a potential drop from 2.5 to 2.4 a share.
Hm... i read people still bought BFL-Miners "last week"... i wonder how many could be "saved" when Asicminer would be so known for their Miner-Offers like BFL is...
Even though i see that friedcat would have work with it, for example explaining what website they want, speak about design and functionality im interested to see the effect.
What effect would have advertising at bitcointalk.org? What effect other internet marketing techniques?
I think it could lead to much more sells and maybe even to less poor guys thinking BFL is the one and only legit Miner-Company.
At the end only friedcat can decide such things. And it looks like its not top priority. I tend to believe friedcat thinks there are other things he can do to maximize dividends. At least he shows it all the time. But a rethink cant be bad.
Even though i see that friedcat would have work with it, for example explaining what website they want, speak about design and functionality im interested to see the effect.
What effect would have advertising at bitcointalk.org? What effect other internet marketing techniques?
I think it could lead to much more sells and maybe even to less poor guys thinking BFL is the one and only legit Miner-Company.
At the end only friedcat can decide such things. And it looks like its not top priority. I tend to believe friedcat thinks there are other things he can do to maximize dividends. At least he shows it all the time. But a rethink cant be bad.
Dude if you were referring to me then no I did not buy the miner last week, I did that ages ago. I think it was before the IPO divs were over.
. I got it when BTC was above $230 before the nosedive.I dont believe it was you. I saw someone writing he "ordered" a week ago. And i wondered how this still can happen.
pretty pointless discussion going on..
AM will make new price finding auctions as soon as its necessary, the update tells us it is still not.
Also the guess with 30-40$ cost per stick is propably much too high since the blades cost them around 100$ in production. The margin must be somewhat equal or they wouldnt take the hassle. My guess is 5-10$ for a stick.
AM will make new price finding auctions as soon as its necessary, the update tells us it is still not.
Also the guess with 30-40$ cost per stick is propably much too high since the blades cost them around 100$ in production. The margin must be somewhat equal or they wouldnt take the hassle. My guess is 5-10$ for a stick.
so AM sold 1btc blade for 50btc. and a .3btc stick for 2btc
this was pushed into divs payout and divs have been huge.
All I am saying is 3 income sources;
1) blade sales
2)stick sales
3)mining
AM will not keep 1 and 2 as high as they have been. 3) is kind of fixed in BTC count 22-30% of the hash. So expect an adjustment in divs and in stock price.
Your basic analysis is correct, but your conclusions assume AM has no gameplan for this scenario. Any company selling products in a competitive space needs to assume this will happen. Products sell for premiums when there is minimal competition. Prices drop to increase sales volume when competition increases and demand lowers. Margins shrink. Meanwhile, any responsible company will already have a successor product in the pipeline to bring on the market when the conditions are correct (profit has dropped too far, old inventory has cleared, competitive environment is favorable, etc). The fact that they sold ~40% of their sticks at top premium price is amazing. I'm sure they will offer price reduction soon enough to move the rest of the inventory.
At this point, we're looking toward the first conclusion of a product cycle within the ASIC space as competition comes online. What AM does here is pivotal to investor confidence. If they have been planning well, we won't see a huge change in business performance. If they haven't planned for this, we'll see the gap you are predicting. Place your bets.
If anyone is looking to purchase direct shares I'm selling a few (50) current price: 2.5 btc each, auction ending in 4 hours.
https://bitcointalksearch.org/topic/auction-50-x-asicminer-shares-22-hour-auction-227498
https://bitcointalksearch.org/topic/auction-50-x-asicminer-shares-22-hour-auction-227498
With todays change in bitcoins exchange value,
oh dare i tell you of indirect discount
for blades and sticks and witness this mount
of gox increase my little dividend collection box.
oh dare i tell you of indirect discount
for blades and sticks and witness this mount
of gox increase my little dividend collection box.
Certainly it will put the blades within reach of more people if they've got fiat on hand to pay for one. But the returns measured in fiat will be lower as well. If you are long on bitcoin it would be a good time to get a blade (well, better than a couple of weeks ago, anyway).
Oh, and I agree; MOAR dividends for us!
It's obvious the only people who want the price to decrease are the ones WANTING TO BUY SOME at a discount, with little to no interest in friedcats success. These fools are inexperienced at life and half no idea how supply and demand works. If he can get away with selling these sticks for 2 bitcoins, he will! If he could get away with selling them for 5 bitcoins, he would!
+1That's the same kind of people who complain when alt currencies get dumped, but don't buy them instead (implying they don't really believe them to be valuable either).
With todays change in bitcoins exchange value,
oh dare i tell you of indirect discount
Wrong.oh dare i tell you of indirect discount
Since they are priced in BTC and using them you earn BTC, the exchange ratio with other currencies is totally irrelevant.
If you are long on bitcoin it would be a good time to get a blade
Wrong: it would be a good time to buy bitcoins, if you spend them to get a blade is irrelevant, as I explained above.It's obvious the only people who want the price to decrease are the ones WANTING TO BUY SOME at a discount, with little to no interest in friedcats success. These fools are inexperienced at life and half no idea how supply and demand works. If he can get away with selling these sticks for 2 bitcoins, he will! If he could get away with selling them for 5 bitcoins, he would! Don't kid yourselves, the mining industry isn't as easy to get into as it used to be. If you want to make easy bitcoins, go roll some satoshidice with your BFL preorders. Ignorant punks! lol 
Friedcat's success is not impacted by the price of AM shares. In the absence of fundamental changes in AM's business, I'd say we *should* all want the price to decline, *especially* if one wishes to reinvest proceeds back into AM shares. However, I don't see any reasons for it to significantly decline, as AM continues to deliver and develops a reputation as a reliable performer, it will carry a "blue chip" premium.
To quote the Oracle of Omaha, Warren Buffet:
"To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up in price, we weep. For most people, it's the same with everything in life they will be buying -- except stocks. When stocks go down and you can get more for your money, people don't like them anymore."
-helixone
With todays change in bitcoins exchange value,
oh dare i tell you of indirect discount
for blades and sticks and witness this mount
of gox increase my little dividend collection box.
oh dare i tell you of indirect discount
for blades and sticks and witness this mount
of gox increase my little dividend collection box.
pretty pointless discussion going on..
AM will make new price finding auctions as soon as its necessary, the update tells us it is still not.
Also the guess with 30-40$ cost per stick is propably much too high since the blades cost them around 100$ in production. The margin must be somewhat equal or they wouldnt take the hassle. My guess is 5-10$ for a stick.
AM will make new price finding auctions as soon as its necessary, the update tells us it is still not.
Also the guess with 30-40$ cost per stick is propably much too high since the blades cost them around 100$ in production. The margin must be somewhat equal or they wouldnt take the hassle. My guess is 5-10$ for a stick.
so AM sold 1btc blade for 50btc. and a .3btc stick for 2btc
this was pushed into divs payout and divs have been huge.
All I am saying is 3 income sources;
1) blade sales
2)stick sales
3)mining
AM will not keep 1 and 2 as high as they have been. 3) is kind of fixed in BTC count 22-30% of the hash. So expect an adjustment in divs and in stock price.
Your basic analysis is correct, but your conclusions assume AM has no gameplan for this scenario. Any company selling products in a competitive space needs to assume this will happen. Products sell for premiums when there is minimal competition. Prices drop to increase sales volume when competition increases and demand lowers. Margins shrink. Meanwhile, any responsible company will already have a successor product in the pipeline to bring on the market when the conditions are correct (profit has dropped too far, old inventory has cleared, competitive environment is favorable, etc). The fact that they sold ~40% of their sticks at top premium price is amazing. I'm sure they will offer price reduction soon enough to move the rest of the inventory.
At this point, we're looking toward the first conclusion of a product cycle within the ASIC space as competition comes online. What AM does here is pivotal to investor confidence. If they have been planning well, we won't see a huge change in business performance. If they haven't planned for this, we'll see the gap you are predicting. Place your bets.
I also think the OPs point about the share price dropping is probably not right. The dividends are not going to be this high forever. I think everyone knows this and this is priced into the share price. At the current dividends you have an annual return of something crazy like 52-65%(ball parking). I don't think people are going to be dumping shares in droves because they will only be getting a 25% annual return. Especially when there aren't many actual ways to put saved bitcoins to work. If AM continues to keep their share of the total hash rate constant I don't think the share price will be dropping in any significance.
Huge dividends from hw sales are a nice bonus but a consistent 25% annual return is great compared to most other investment opportunities with your btc.
Has there been any word about the price of blades and/or USBs being reduced? I'm an advocate for selling them at as high a price point as the market allows, even though I'm purchasing them, but with with the recent spike in difficulty it would seem to make sense to consider a price reduction. A definitive yes or no over the next week or two would be great, I can't be the only one hesitating to place more orders due to this uncertainty.
they should be taken off the market for a while and then offered for lower price later as not to piss off the early buyers too much
Obviously there is a lot of space for cheaper prices as ASICMINER can produce the blades and USB sticks really cheap.and yes, this has been discussed before and I'm sure will be discussed again.
I believe he's thinking along the lines of those who would purchase blades days/hours before the price reduction.
An idea: announced, incremental price decreases. Blades mine ~X per hour/day... price of each blade/USB decreases by ~X per hour/day.
Dang I'm a smart one. Sitting around thinking of more work for friedcat.
Demand drives pricing. That's it. If people are buying, and demand is high, you always charge a premium price. Always. When demand changes, you shift your price *reactively*. The AM guys are the only ones who know the true demand. If they feel demand is still high, there is no business motivation to change pricing. If they feel it is lagging, and if they have a lot more inventory to move, I guarantee that the prices will start to correct downward to compensate.
It's obvious the only people who want the price to decrease are the ones WANTING TO BUY SOME at a discount, with little to no interest in friedcats success. These fools are inexperienced at life and half no idea how supply and demand works. If he can get away with selling these sticks for 2 bitcoins, he will! If he could get away with selling them for 5 bitcoins, he would! Don't kid yourselves, the mining industry isn't as easy to get into as it used to be. If you want to make easy bitcoins, go roll some satoshidice with your BFL preorders. Ignorant punks! lol
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