Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1107. (Read 3917568 times)

+1 to the above post.

Research. I am still reading through friedcat's posts on here. An education in itself.

The herd is rarely right, so everyone should be asking themselves, is there something the herd has missed?

I love the company too, but I would urge anyone considering investing to run the numbers to see whether it makes sense to them.

Not to piss on anyone's parade, but keep in mind a few things to keep a cool head.

- In a stampede, it is easy to get carried away and think that the herd must be right.
- Do your own research, if this is truly a great thing, it will be around for a long time, also after you spend some time researching. If it is a flop, your investment can be gone in an instant
- The Bitcoin asset markets are very different and far less secure than regular asset markets
- To be safe, consider your money burned up when you invest. You may not see them again, ever. If you do, they may be twice or half as many.
- If you need help understanding ASICMiner, please don't be afraid to ask. The worst that can happen is that you don't get an answer.

.b

What is your speculation on equivalent asic miner companys just starting up in the past few months?

I absolutely love this company.  I am lucky to have bought in at IPO prices, but it actually still makes sense to buy at the PT prices now; I am not selling though, no way...

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Here are the term's on Burnside's PT on btct.co  . From everything I can tell, Burnside is a good guy and is trustworthy.


-------------
Transfer

Transfers in and out of the passthru are supported.  Such transfers can take some time, due to the manual nature.

One transfer OUT OF ASICMINER-PT will be processed free once per month per account.  Subsequent transfers within the same month OUT OF ASICMINER-PT are subject to a fee of 0.25 BTC for transfers of 49 shares or less.

Transfers OUT OF ASICMINER-PT are always free for any transfer of 50 shares or more.

Transfers IN TO ASICMINER-PT from elsewhere are free for any size transfer.

The data is from BTC-TC's API, but it's just prefetched and stored in my own database.  This reduces load on their server by not calling the API for every page load which I and every viewer do.  Storing the data locally allows me to transform it into series data that the highcharts javascript library finds more palatable, and it's a little smaller as a result, so this translates into it loading faster in the browser as well..  More than that, though, I want to run other operations against the data and having a local model of it makes this easier (especially since most of this is typical server side work rather than something we'd want do clientside in javascript). For example, one day I might get curious and want to calculate the relative change in price over time and compare that to something else like volume or share price or relative change in volume, or price of MTgoxusd, or any of a dozen factors.  I'm just exploring the data to see if I can find interesting patterns, or possible prediction factors for future activity.  Call it amateur data science to sate my own curiosity. 

The code to generate the json is pretty short:


This just fetches Trade objects, which are an ORM for the trade data in the BTC-TC API, and returns it to the browser as a json dump.

https://btct.co/  offers such service if I recall correctly

anyone know a good place to buy these shares from a PT that i have option to withdraw and have them directly to me?
any PT has that option you guys might know of? im looking to buy some more shares but i want them direct,

thanks

It seems cheap shares are still available on Bitfunder (G.ASICMINER-PT and TAT-ASICMINER), Havelock (TAT-ASICM), and even BTCT.CO (TAT-Asicminer).  (Too bad I'm all in.)

-helixone

From a brief glance at the source, you're not getting data directly from BTCT, are you? Any particular reason why? The trade data is public.

If there's a compatibility thing between Highcharts.com expecations and BTCT deliverables, care to reveal the code for /json/ASICMINER-PT?

.b

The live interactive version is here, it updates with new stock prices every 10 minutes or so..  This is just a dev box, so it's a temporary URL:

http://fnords.dontexist.com/chart/ASICMINER-PT

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

A slightly larger chart than you see on the BTC-TC homepage, displaying the stock performance over the past month.  I hope you like it.

Interesting

A final update from yesterday on the USB Erupter performance.

17 hour run statistics on ozcoin using direct Stratum and
 --icarus-options 115200:1:1 --icarus-timing 3.0=80
(see further below for more optimal settings)


So - less than 1% HW errors.
I'm not sure if the earlier higher figure yesterday was burn in or overnight being cooler - I'll see today - but certainly don't expect it to get over 1.5% (Ambient temperature for the last 24hours has been around 21C or less)

Accepted hash rate: Difficulty Accepted / Elapsed = 328MH/s

Work utility (4.64) = 332MH/s

So all in all performing ~10% above the expected 300MH/s

Based on those figures I'd suggest the cgminer options to get it to report a little closer to accurate MH/s:
 --icarus-options 115200:1:1 --icarus-timing 3.012=100

The actual timing for mine would be 3.012=128 but I'm not sure what sort of variance there will be with the final product.
The 3.012 number helps get the MH/s display correct but doesn't affect the device performance.
The =100 number determines how long it should hash (100 = 10.0seconds) before restarting work, so if it is too long, it will allow it to go idle and thus reduce performance.
However, being a bit low (in this case 100 is 22% below the expected figure of 128 for me) has a very minor ignorable effect but allows for a large 22% performance variance with devices.

Soon I'll be updating the cgminer Icarus driver to use USB direct (it's the last untouched cgminer serial-USB driver) so these will be HotPlug also soon.

Screen cap at the same time as the above numbers:


Edit: much later edit with a few updates:
Size: 24.5mm wide
Board alone is 45mm long
Board+USB plug is 59.5mm (of course the plug isn't removable)
Weight: 6g
Height; 6mm (the highest component)

Errors: between 1% and 1.5%
Hash rate: 336MH/s

Well, that's where the equipment sales come in. AM can focus more on selling mining hardware when their hashrate is getting to be too large a percentage of the total network, so they're not even reliant on other vendors rolling out hardware in volume.

I see AM as a long-run play. Healthy dividends reward those who hold and reinvest. People who jump in and out might miss out on the dividend goodness.

I don't think the price will be that volatile anyway (it hasn't been in the few months since the IPO) but it won't matter to me as I plan to add now in dribs and drabs.

all good, it's the childish excitement that gets me... and the calculations like this:


but yeah... that's just how it is I guess. I am excited too, but I don't need to spam it anywhere (or try to talk share price up, the shares talk themselves up).

a nice bit of rationality goes  a long way