ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1083.

stripykitteh

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Quote from: gramma on May 20, 2013, 12:16:12 PM

Quote from: friedcat on May 20, 2013, 12:00:46 PM

First solo block:

https://blockchain.info/tx/cba743ea1b7904c5624e0ee75f12d177ceb214c07f8e8b55ff2eb082404eb54a?show_adv=true

From now on the solo result of ASICMINER will have "Mined By ASICMiner" within the CoinBase.

Another disappointingly brief update. NOT.

Bravo Friedcat!

Bravo, indeed.

Imagine Mozart comes to your house and sits down to play your piano. At the end of the first piece, do you

a) ask him lots of questions about what he's going to play next
b) tell him to be careful with your piano because it's really valuable
c) tell him how to play

or

d) enthusiastically applaud him and look forward to what he plays next?

gramma

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Quote from: friedcat on May 20, 2013, 12:00:46 PM

First solo block:

https://blockchain.info/tx/cba743ea1b7904c5624e0ee75f12d177ceb214c07f8e8b55ff2eb082404eb54a?show_adv=true

From now on the solo result of ASICMINER will have "Mined By ASICMiner" within the CoinBase.

Another disappointingly brief update. NOT.

Bravo Friedcat!

stripykitteh

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The hash rate from pool mining is still ~17.6 Thash. Be interesting to see how many blocks the solo mine gets over the next few days, so we can estimate its hash rate.

Caesium

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Quote from: friedcat on May 20, 2013, 12:00:46 PM

First solo block:

https://blockchain.info/tx/cba743ea1b7904c5624e0ee75f12d177ceb214c07f8e8b55ff2eb082404eb54a?show_adv=true

From now on the solo result of ASICMINER will have "Mined By ASICMiner" within the CoinBase.

Great to see Cheesy

JimiQ84

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Quote from: friedcat on May 20, 2013, 12:00:46 PM

First solo block:

https://blockchain.info/tx/cba743ea1b7904c5624e0ee75f12d177ceb214c07f8e8b55ff2eb082404eb54a?show_adv=true

From now on the solo result of ASICMINER will have "Mined By ASICMiner" within the CoinBase.

Hail to the king! Awesome!

friedcat

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First solo block:

https://blockchain.info/tx/cba743ea1b7904c5624e0ee75f12d177ceb214c07f8e8b55ff2eb082404eb54a?show_adv=true

From now on the solo result of ASICMINER will have "Mined By ASICMiner" within the CoinBase.

DebitMe

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Quote from: aahzmundus on May 20, 2013, 09:58:36 AM

So, new topic of discussion...

What do we think dividends are going to be? There is limited transparency on hardware sales now... so that is an issue. We should get >0.01 from mining unless something drastic changes. I believe a good number of coins were taken in from USB miner sales... not sure how many but I know the cap was 10,000 units @ 1.99. Also... I wonder if any people decided to try and buy in on some bulk blades since friedcat decided on a price, I know a few people before in auctions were trying to get 20+ blades, but ended up getting outbid.

Thoughts? Is there any hard numbers on these sales of blades and USB drives to be found elsewhere on the forums?

To my knowledge, (from the US USB group purchase) the funds for the USB Blades were sent but Friedcat said that they would sit in an account until shipment, and to my knowledge, no shipping has begun on the USB miners. (That group buy was also confirmed as the first order in for USB miners), so unless something gets shipped in the next day or two, it is doubtful that USB miner sales will be included in this dividend payment. Sad

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Quote from: Dargumin on May 20, 2013, 11:22:19 AM

Quote from: stripykitteh on May 20, 2013, 10:04:52 AM

I had this weird thought today that if the btc:usd rate tumbled, hardware sales would actually go *up* as GPU miners see an opportunity to get an ASIC at a bargain price. The thought of all those Bitcoins rolling in made me swoon...

Surely this would be counteracted by people panic selling asicminer shares so they could cash out of bitcoin?
If not then I guess it's undevalued even at BTC5 per share lol

Yes, and that will be the day that I will make a mad rush to the bank with my fiat to buy, buy, buy BTC which I will convert to AM with glee.

davecoin

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Quote from: Dargumin on May 20, 2013, 11:22:19 AM

Quote from: stripykitteh on May 20, 2013, 10:04:52 AM

I had this weird thought today that if the btc:usd rate tumbled, hardware sales would actually go *up* as GPU miners see an opportunity to get an ASIC at a bargain price. The thought of all those Bitcoins rolling in made me swoon...

Surely this would be counteracted by people panic selling asicminer shares so they could cash out of bitcoin?
If not then I guess it's undevalued even at BTC5 per share lol

IMHO, people that own ASICMINER shares are not going to "cash out" of bitcoin any time soon. A price drop is just a better opportunity to get "cheap" coins. Unless you are just referring to the fact that they will sell during the "tumble" and buy back later. Then I agree that some will cash out.

Dargumin

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Quote from: stripykitteh on May 20, 2013, 10:04:52 AM

I had this weird thought today that if the btc:usd rate tumbled, hardware sales would actually go *up* as GPU miners see an opportunity to get an ASIC at a bargain price. The thought of all those Bitcoins rolling in made me swoon...

Surely this would be counteracted by people panic selling asicminer shares so they could cash out of bitcoin?
If not then I guess it's undevalued even at BTC5 per share lol

ThickAsThieves

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Quote from: aahzmundus on May 20, 2013, 09:58:36 AM

So, new topic of discussion...

What do we think dividends are going to be? There is limited transparency on hardware sales now... so that is an issue. We should get >0.01 from mining unless something drastic changes. I believe a good number of coins were taken in from USB miner sales... not sure how many but I know the cap was 10,000 units @ 1.99. Also... I wonder if any people decided to try and buy in on some bulk blades since friedcat decided on a price, I know a few people before in auctions were trying to get 20+ blades, but ended up getting outbid.

Thoughts? Is there any hard numbers on these sales of blades and USB drives to be found elsewhere on the forums?

No point in guessing, we'll have to just wait and see. Don't be surprised if Friedcat says he sold ALL the hardware but is keeping half the BTC earned to fund the next orders and plans.

stripykitteh

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Quote from: aahzmundus on May 20, 2013, 09:58:36 AM

So, new topic of discussion...

What do we think dividends are going to be? There is limited transparency on hardware sales now... so that is an issue. We should get >0.01 from mining unless something drastic changes. I believe a good number of coins were taken in from USB miner sales... not sure how many but I know the cap was 10,000 units @ 1.99. Also... I wonder if any people decided to try and buy in on some bulk blades since friedcat decided on a price, I know a few people before in auctions were trying to get 20+ blades, but ended up getting outbid.

Thoughts? Is there any hard numbers on these sales of blades and USB drives to be found elsewhere on the forums?

I think this week might be the highest dividends we see for a while. Pent up demand for hardware will be at its highest over the next few weeks.

I notice that the blade sales page has over 10,000 page views, though how many sales that translates to I have no idea. I think someone with access to friedcat should tell him to tidy up the top post; it's misleading having multiple email addresses listed and mentioning PMs when there should only be one email address listed. I think that has confused some potential customers. A couple of people have said they emailed him days ago and haven't heard anything; perhaps they are trying the wrong methods of contact.

I had this weird thought today that if the btc:usd rate tumbled, hardware sales would actually go *up* as GPU miners see an opportunity to get an ASIC at a bargain price. The thought of all those Bitcoins rolling in made me swoon...

aahzmundus

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So, new topic of discussion...

What do we think dividends are going to be? There is limited transparency on hardware sales now... so that is an issue. We should get >0.01 from mining unless something drastic changes. I believe a good number of coins were taken in from USB miner sales... not sure how many but I know the cap was 10,000 units @ 1.99. Also... I wonder if any people decided to try and buy in on some bulk blades since friedcat decided on a price, I know a few people before in auctions were trying to get 20+ blades, but ended up getting outbid.

Thoughts? Is there any hard numbers on these sales of blades and USB drives to be found elsewhere on the forums?

stripykitteh

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In a properly run company, board members are there to counsel management, and to ask questions of management on behalf of shareholders. It is a duty.

There is nothing wrong with compensation for that duty in proportion to the service supplied. I think anyone with 5,000 shares has a pretty deep interest in AM reaching its full potential, which few outside the board and founders have fully grasped. I shudder (in a good way) to think what 5,000 shares could be worth in 5 years' time if friedcat and his team correctly execute the strategy they have mapped out. A few trinkets handed out won't make any difference to the big picture if the advice received makes AM even better.

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Quote from: aahzmundus on May 20, 2013, 09:30:21 AM

I imagine you mostly feel that way... because you have no where near 5,000 shares. Cant give the same benefits to just every person with 1 share... when some of those benefits are things that have a value far exceeding that of 1 share.

Why not give special benefits to those that risked a good amount of their money, and helped get friedcat those initial funds?

Why not? The question is not "why not?"! It's "why?". This has been discussed several times now. There is no good reason to give away presents. How many shares I own doesnt matter at all.

Quote from: ThickAsThieves on May 20, 2013, 09:39:19 AM

What should or shouldn't be, is not for you to determine. Friedcat made some comments about giving board member a test board a while ago. Since there's not testing needed, it's unclear whether he will give board members any such "freebie". Maybe for gen-2?

Who knows, either way, I'd be proud to be a board member, freebies or not.

Sure thing. If giving away boards is beneficial for shareholders, thats ok. E.g. Kano (if i remember correctly) got a usb miner for testing.

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Quote from: Mausini on May 20, 2013, 09:26:46 AM

Quote from: ThickAsThieves on May 20, 2013, 09:24:13 AM

Quote from: ionstorm on May 20, 2013, 09:13:58 AM

Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade

We're at about 1400 currently!

Board members, to my knowledge, have not received any tangible benefits yet.

and they shouldnt

What should or shouldn't be, is not for you to determine. Friedcat made some comments about giving board member a test board a while ago. Since there's not testing needed, it's unclear whether he will give board members any such "freebie". Maybe for gen-2?

Who knows, either way, I'd be proud to be a board member, freebies or not.

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Quote from: Mausini on May 20, 2013, 09:26:46 AM

Quote from: ThickAsThieves on May 20, 2013, 09:24:13 AM

Quote from: ionstorm on May 20, 2013, 09:13:58 AM

Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade

We're at about 1400 currently!

Board members, to my knowledge, have not received any tangible benefits yet.

and they shouldnt

I imagine you mostly feel that way... because you have no where near 5,000 shares. Cant give the same benefits to just every person with 1 share... when some of those benefits are things that have a value far exceeding that of 1 share.

Why not give special benefits to those that risked a good amount of their money, and helped get friedcat those initial funds?

Mausini

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Quote from: ThickAsThieves on May 20, 2013, 09:24:13 AM

Quote from: ionstorm on May 20, 2013, 09:13:58 AM

Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade

We're at about 1400 currently!

Board members, to my knowledge, have not received any tangible benefits yet.

and they shouldnt

ThickAsThieves

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Quote from: ionstorm on May 20, 2013, 09:13:58 AM

Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade

We're at about 1400 currently!

Board members, to my knowledge, have not received any tangible benefits yet.

aahzmundus

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Quote from: ionstorm on May 20, 2013, 09:13:58 AM

Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade

Have the other two PT's ever confirmed they got any of the board member benefits? Not only that... but no board member has ever come out and said "Look at the free board I got!" sure... getting the 5k will be nice... but it will have no immediate benefit IMHO.

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