ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 101.

gogxmagog

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Quote from: superduh on January 06, 2015, 08:11:59 PM

looks like cointerra may be leaving the game

can you please elaborate?

EDIT- nevermind, I just went and read for myself. They've been circling the drain forever. I just forgot about them in the sea of flailing dissapointments that is everything connected to BTC mining (even BTC itself these days)

honestly though, I'm just holding my breath, hoping against hope that the next we hear from FC it ISN'T going to be something along the lines of; "Things are going great over here, we've taken all the profits from sales and projected future profits to create AMCOIN!!!! Premined, 99% owned by AM, and guess what guys??? You can go spend more of your money on them when we IPO next month. Financials soon Wink

"

It would make me barf, but not make me surprised.

superduh

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looks like cointerra may be leaving the game

freedomno1

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Quote from: xhomerx10 on January 06, 2015, 07:03:31 PM

Quote from: MichaelBliss on January 06, 2015, 06:35:27 PM

Quote from: freedomno1 on January 06, 2015, 06:33:33 PM

Quote from: gogxmagog on January 06, 2015, 05:59:36 PM

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD.

Insurance policies are there for such things!

Yes and occaisionally negative returns - ~~Solyndra~~ Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs) There's a fairly long list of VC funded companies that are now bankrupt. Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements Wink

@ Michael
Correct and feel free to point that out VC is not meant for that was using a bit of dark humor there myself.
As an aside I don't think that Bitstamp would have USD backed insurance to insure their operations like banks do at this time since there is no CDIC/FDIC requirement, so in regards to if they could insure those type of losses I'm not certain they can.

@xhome
It still has the same equity distribution as when it launched no new announcement on that so assume its the same, well till financials are released.
163,962 Shareholders 236,038 Bitfountain

MichaelBliss

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Quote from: gogxmagog on January 06, 2015, 07:12:05 PM

Why are there no financials anyway? What reasons could they have? Let's see...

An accountant is said to be working on the AM financials, according to some post buried pages back. I guess the reasons for not having presented them would include: they have no need to. Though it would be nice for the shareholders and possibly the share price.

I'm hoping Friedcat comes on with the financial report sometime in January at least. Plus, maybe an executive summary this time.

gogxmagog

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Why are there no financials anyway? What reasons could they have? Let's see...

xhomerx10

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Quote from: MichaelBliss on January 06, 2015, 06:35:27 PM

Quote from: freedomno1 on January 06, 2015, 06:33:33 PM

Quote from: gogxmagog on January 06, 2015, 05:59:36 PM

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD.

Insurance policies are there for such things!

Yes and occaisionally negative returns - ~~Solyndra~~ Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs) There's a fairly long list of VC funded companies that are now bankrupt. Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements Wink

MichaelBliss

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Quote from: freedomno1 on January 06, 2015, 06:33:33 PM

Quote from: gogxmagog on January 06, 2015, 05:59:36 PM

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things! It is there to make a return for the investors. PERIOD.

Insurance policies are there for such things!

freedomno1

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Learning the troll avoidance button :)

Quote from: gogxmagog on January 06, 2015, 05:59:36 PM

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

MichaelBliss

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Quote from: HarmonLi on January 06, 2015, 08:16:36 AM

Quote from: Mabsark on January 06, 2015, 08:08:59 AM

Quote from: HarmonLi on January 06, 2015, 08:07:20 AM

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place.

I'd like to see the audit that shows they do have that kind of bitcoin just laying around. I guess their VCs will have to bail them out? That's terrible news for them if that's the case!

HarmonLi

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Honest 80s business!

Quote from: Mabsark on January 06, 2015, 08:08:59 AM

Quote from: HarmonLi on January 06, 2015, 08:07:20 AM

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place.

Mabsark

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Quote from: HarmonLi on January 06, 2015, 08:07:20 AM

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

HarmonLi

sr. member

Activity: 350

Merit: 250

Honest 80s business!

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

bobboooiie

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Quote from: bitdude on January 06, 2015, 01:15:56 AM

Paycoin wakeup and Bitstamp hack is the news for the difficulty and the price.
I am happy to agree with Kipsy89 as I have learned about Paycoin just a few days ago and "missed the train"

You better educate yourself about clams then, so you dont miss the real alt coin train.

jdany

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Inspired

Quote from: gogxmagog on January 02, 2015, 04:33:12 AM

It's 2015. Are we going to see some financials soon? This is ridiculous

There are only so many reasons you would delay a financials release.

bitdude

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Paycoin wakeup and Bitstamp hack is the news for the difficulty and the price.
I am happy to agree with Kipsy89 as I have learned about Paycoin just a few days ago and "missed the train"

freedomno1

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Quote from: nwfella on January 05, 2015, 08:15:41 PM

Quote from: foxykah on January 05, 2015, 02:57:36 PM

meanwhile, stamp going down because security compromise

19,000 BTC confirmed stolen from Hot Wallet!!

*Jeeez, the hits just keep on a comin!

At this rate the market is going to be begging for mercy one way or another
Anyways the year is young and AM is Chinese so at least bitstamp getting hacked is not going to affect operations much here
(Except if they need to use funds to convert to USD)

nwfella

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Well hello there!

Quote from: foxykah on January 05, 2015, 02:57:36 PM

meanwhile, stamp going down because security compromise

19,000 BTC confirmed stolen from Hot Wallet!!

*Jeeez, the hits just keep on a comin!

foxykah

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meanwhile, stamp going down because security compromise

Kipsy89

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Relax!

Quote from: Puppet on January 03, 2015, 03:15:04 PM

Antpool is at 15-16% of the network. Last month IIRC, they were around 5%.
Its safe to assume this spike (ignoring the more recent drop because of paycoin) is caused mainly by bitmain

Man I'm glad I totally slept through that whole Paycoin thing. It seems like a lot of people got scammed there, right? It seems to be one of the most intricate pump and dumps yet, doesn't it? Don't the founders get like an exponential reward? Isn't the whole thing inflationary?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 101. (Read 3917058 times)