ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1049.

ThickAsThieves

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Quote from: CanadianGuy on May 27, 2013, 10:07:41 AM

Quote from: g83 on May 27, 2013, 08:55:50 AM

Quote from: BeeCoin on May 27, 2013, 07:40:38 AM

Quote from: tkone on May 26, 2013, 07:25:21 PM

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?

Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.

how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

2000 out of 18,000. I would be constantly selling too..

You aren't grasping how a passthrough works. The great majority of shares in G.ASICMINER are already "sold", DT just holds onto the direct shares on behalf of the people who bought them.

CanadianGuy

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Quote from: g83 on May 27, 2013, 08:55:50 AM

Quote from: BeeCoin on May 27, 2013, 07:40:38 AM

Quote from: tkone on May 26, 2013, 07:25:21 PM

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?

Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.

how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

2000 out of 18,000. I would be constantly selling too..

g83

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Activity: 448

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Quote from: BeeCoin on May 27, 2013, 07:40:38 AM

Quote from: tkone on May 26, 2013, 07:25:21 PM

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?

Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.

how possible is it that chinese authority will regulate or even illegalize bitcoin at all ?

since deadterra is selling of more than 2000 shares, i'm a little afraid that he might have some insider information to that and now takes profit before shareprice is going down ...

Rampion

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Quote from: circuitry on May 27, 2013, 08:38:33 AM

Quote from: Rampion on May 27, 2013, 08:01:04 AM

this topic has been thoroughly discussed on these forums.

Exactly. Please stop with the useless, boring, non-constructive 51% FUD and move on.

I think the only non-constructive post is yours. I was politely replying to romerun's question. The FUD is nowhere to be seen.

circuitry

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Quote from: Rampion on May 27, 2013, 08:01:04 AM

this topic has been thoroughly discussed on these forums.

Exactly. Please stop with the useless, boring, non-constructive 51% FUD and move on.

Mausini

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Quote from: Rampion on May 27, 2013, 08:01:04 AM

Quote from: romerun on May 26, 2013, 03:10:59 PM

If AM can maintain at least 10% of coin generation in the next 15 years, don't you find it a bit puzzle that a company is worth 10% of the total currency itself (of course, minus coins generated before AM era).

This is why ASIC technology may pose a threat to BTC decentralization, this topic has been thoroughly discussed on these forums. ASICMINER is acting with BTC's best interest at heart by limiting their own share of hashrate, but what if they (or another player) do not do this and a single player reaches +51%?

Logic says that decentralization is necessary for BTC to hold its value, and thus the players would auto-regulate themselves not to destroy their own investment.

Au contraire, history says that greed normally overtakes logic.

I guess only time will tell, if BTC is able to beat the centralization threat posed by private companies developing their own ASIC it will be for sure a great victory.

seriously? again?

Rampion

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Quote from: romerun on May 26, 2013, 03:10:59 PM

If AM can maintain at least 10% of coin generation in the next 15 years, don't you find it a bit puzzle that a company is worth 10% of the total currency itself (of course, minus coins generated before AM era).

This is why ASIC technology may pose a threat to BTC decentralization, this topic has been thoroughly discussed on these forums. ASICMINER is acting with BTC's best interest at heart by limiting their own share of hashrate, but what if they (or another player) do not do this and a single player reaches +51%?

Logic says that decentralization is necessary for BTC to hold its value, and thus the players would auto-regulate themselves not to destroy their own investment.

Au contraire, history says that greed normally overtakes logic.

I guess only time will tell, if BTC is able to beat the centralization threat posed by private companies developing their own ASIC it will be for sure a great victory.

BeeCoin

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Activity: 308

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Quote from: tkone on May 26, 2013, 07:25:21 PM

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?

Risk: Regulation by chinese authorities.
Opportunity: Promising huge market... Especially, if mining (and selling ASIC hardware) is not so attractive in the future, AM still has huge investment opportunities in a potentially huge market.
Who knows? Maybe in 5 years Friedcat will sell Bitcoin-ATMs in China instead of Blockerupters.

runeks

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I created a chart that tracks how many bitcoins ASICMiner has solo mined since the last reward payout.

This should help to give an idea of the size of the dividend payout. This only tracks solo mining! It doesn't try to derive the mined BTC amount from the various pool hash rates.

The data updates every time an ASICMiner block is found.

Here's the site: http://runeks.dk/bitcoin/

And the chart:

So currently we are at 0.00426777 BTC solo mined per ASICMiner share (400,000 shares).

SmiGueL

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Activity: 322

Merit: 252

Maybe the % of the network income chart is somewhat misleading (that's why I never placed it on the charts website Wink

)
because that is the percentage of the total fixed income, (aka: 3600 BTC/day), to calculate the dividends. It isn't the total network percentage.
The difference is that the % of the network income is based on the 'fixed' difficulty, and the network percentage is based on the network hashrate from blockchain.info

The total network % can be found here:
www.asicminercharts.com/live

ASICMINER HASHRATE NETWORK HASHRATE

TH/s TH/s

Keep in mind that the calculated hashrate from solomining is calculated based on the found blocks in the last 48h, so calculating the exact hashrate isn't possible..

Eric Muyser

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You can't kill math.

Quote from: stripykitteh on May 27, 2013, 03:25:38 AM

Just to change the subject (or maybe not Wink

), the estimated total AM hashrate is now 23.71THash (a record) and climbing. I presume this means that the power and LAN issues have been resolved?

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14

Network percentage is about 27.25% (has been as high as 29% before).

Happy hashing.

Seems like it. Awesome!

stripykitteh

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Just to change the subject (or maybe not Wink

), the estimated total AM hashrate is now 23.71THash (a record) and climbing. I presume this means that the power and LAN issues have been resolved?

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14

Network percentage is about 27.25% (has been as high as 29% before).

Happy hashing.

bitman442

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Quote from: bobboooiie on May 26, 2013, 08:07:25 PM

@tkone Iam not even going to quote that... But boy did you save us with that topic !

Yes, thank you. I've been checking this thread a few time a day only to find that it has advanced a couple pages each time rehashing the same old crap I've been reading about for 2 years. Sorry for adding more useless posts but I had to get that off my chest. No more 51% talk please!

bobboooiie

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@tkone Iam not even going to quote that... But boy did you save us with that topic !

matt4054

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Quote from: Mausini on May 26, 2013, 07:44:20 PM

One reason could be that interested buyers might have problems to get BTC

Yes, I think you are right.

Just like others, I already thought about setting up a shop in USD with PayPal and resell AM hardware on it, but the risk you need to take stocking mining hardware WITHOUT mining with it is just too high IMO.

Mausini

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Quote from: CMMPro on May 26, 2013, 07:41:33 PM

Quote from: matt4054 on May 26, 2013, 07:40:10 PM

Quote from: Mausini on May 26, 2013, 07:33:39 PM

But here is something interesting: USB Eruptor crossing 1000 USD on ebay!!!

Ebay

What up!!??!!!

I'm puzzled by the auction price breaking $1000, there are many open group buys here where you can get it at friedcat's price (1.99 BTC + GB fees). Oh well, supply and demand, I guess. But it's surprising, anyway.

I have a feeling some stupid ebay bidders think they are getting 10 USB Erupters for that price...no one who knows anything about them would pay that much when you can get them for ~1/4 that price.

And all of the other open auctions (>25) have bids north of 400 USD!! Seems like 1.99 BTC wasn't such a high price after all...
One reason could be that interested buyers might have problems to get BTC

CMMPro

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Activity: 588

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Quote from: matt4054 on May 26, 2013, 07:40:10 PM

Quote from: Mausini on May 26, 2013, 07:33:39 PM

But here is something interesting: USB Eruptor crossing 1000 USD on ebay!!!

Ebay

What up!!??!!!

I'm puzzled by the auction price breaking $1000, there are many open group buys here where you can get it at friedcat's price (1.99 BTC + GB fees). Oh well, supply and demand, I guess. But it's surprising, anyway.

I have a feeling some stupid ebay bidders think they are getting 10 USB Erupters for that price...no one who knows anything about them would pay that much when you can get them for ~1/4 that price.

CMMPro

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This is a rehash of week old FUD. Not even worth talking about.

matt4054

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Quote from: Mausini on May 26, 2013, 07:33:39 PM

But here is something interesting: USB Eruptor crossing 1000 USD on ebay!!!

Ebay

What up!!??!!!

I'm puzzled by the auction price breaking $1000, there are many open group buys here where you can get it at friedcat's price (1.99 BTC + GB fees). Oh well, supply and demand, I guess. But it's surprising, anyway.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: tkone on May 26, 2013, 07:25:21 PM

ok so heres something on topic that i been thinking about,

few days ago there was news about china blocking sms about bitcoins, or something like that,
could that be a step by china to try to block bitcoins? what if they make more steps or something more major?

isnt asicminer in china? how will this affect the company? or even more affect us the share holders?

just something i been thinking about and watching the news for.

ELAZAR

Yes I would also like more information about this.

I think there are possible backup plans for AM, even if China were to forbid the use of Bitcoin. First, mining bitcoins or using them as a payment method are two different things. Second, if AM were to be affected by a BTC ban in China, manufacuring mining hardware and exporting it would probably not be covered by the ban.

A seizure of all the hardware at the datacenter is the only real threat that I could see here (but -- before someone tells me I'm FUDding here -- I don't think it will happen)

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