Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1133. (Read 3917058 times)

Yes, ASICMINER won't remain obscure for much longer, regardless of what any individual wishes.

Nobody knows until Wednesday.

.b

This week, 10 shares = 0.0735415 BTC. Is it correct ?

BTC Guild at 14.5
Bitminter At 3.1

rising and rising...

I guess that you can't really keep an operation of this scale secret... What would you want to do about it?

I guess we just don't understand the language (is it mandarine?) :-) For all I know they could be saying "let's attack user 67117, it has the biggest hashrate"

I'm relatively new to Bitcointalk and very new to ASICMINER. I'm here because the research I've done (nowhere near as much as many of you but enough to convince me) suggests that ASICMINER, if it isn't already, is likely to be the 800-pound gorilla of Bitcoin mining, in the sense that this guy http://www.geoffreyamoore.com/books-by-geoffrey-moore/ was talking about a few years ago.

I'm not an economist but one thing that has me intrigued is, as ASICMINER is valued (and I know its market value doesn't have to match its intrinsic value) in Bitcoin it is roughly 4% of the market cap of Bitcoin itself. If enough people agree however that ASICMINER is worth far more, how can that work? It can't be worth more than 100% of Bitcoin surely; that would be illogical, as Mr Spock would say.

So if a lot of other people see it as a gorilla and want to be a part of it, could the following happen?

• More people buy ASICMINER products, 'pump priming' the Bitcoin economy
• More people buy btc to invest in ASICMINER
• More transactions generated cause rewards for mining to increase
• More people are aware of Bitcoin and as they are using it they become comfortable using it and find other things to use it for
• The whole thing draws more people in and snowballs so that people who don't know anything about mining use Bitcoin the same way that they use Facebook or eBay today.

It's like a bootstrapped universe. People doing something with a small economic purpose in its own right (mining) end up attracting a flood of other users, until the 'universe' becomes large.

I guess what I'm saying is that over time, the market price of ASICMINER (denominated in btc) as a result will reach some equilibrium point, even as there is a flurry of activity in Bitcoin in general, but the price of btc to fiat will have to rise as a result to reflect the rising value of ASICMINER, assuming that it stays as the gorilla.

Feel free to give me a lesson on this, I would welcome one of you who's thought about this for longer than I have to tell me if I'm wrong.

Really guys? totally ignored?

Alot of people kept on rambling about what if a raid happened or a bunch of ungodly people ransacked ASICMINER, Also rambling about how ASICMINER is big enough to ought to solo mine in discrete and blah.

A half an hour news report in Chinese about Bitcoin mentioning "ASICMINER Account at BTCGuild" doesn't stir any comments? at all?

oh, did he? my bad. i'm more tired then i think...

He posted ~2hrs ago.

What I'm more interested in is the status of the 55ths roll-out.

no sign of friedcat at all today? i'm surprised. given the announcement of the USB miners, that is.

I am hoping we switch to solo-mining soon.  Both pools have suffered downtime issues today, including DDoS attacks, and, in Bitminter's case, pure server overload from the additional ASICMINER power.  This results in a great deal of lost profits.

Of course, we're getting healthy dividends as is, but we are 20% of the network now and it's time to move

Now sure where that "huge profit" comes from.
Each one would make ~$1.50 a day at BTC = $100 and difficulty = 10million

I agree totally with Goat here. 10,000 will sell for 1.9 BTC as fast as we can ship them. I'm sure everyone wishes they were $50 so they could make a huge profit right away, but that would make no sense for ASICMINER, and it's not how markets work. Those who think they are overpriced can stick to GPU mining or throw more money at BFL and hope they get something before the 21 millionth coin is mined.   

Guys......

check this post https://bitcointalksearch.org/topic/the-one-has-sold-their-coins-yesterday-you-would-better-buy-them-back-194803

Leading you to this video http://tv.cntv.cn/video/C10329/e5ee4fe9a62b4b24b1080327faaafcb7

Now check exactly the time 6:15

He is talking about ASICMINER? So we are not discrete anymore!!! We are in the middle of the bull's eye radar!!

What will happen and what could that do to us? Sell Sell or Buy Buy  

Just saw more of the video... there is a pic of Avalon  ASIC as well!

And is that you Friedcat? 

Seems fair enough. However, anyone will do it for just X% discount, where 20 > X > reasonable exchange fee, I guess.

lol, yup... was reading two threads simultaneously, got them mixed up during the reply. Oh, well.

I wouldn't call namecoins a waste of time when they give you more than 8% extra income. Especially at this scale 8% is a lot of money.

I'm not saying it will stay that way forever, but that's where namecoin income is today.

He don't even have to sell on BTC-E. I'll take any amount of NMC at 20% discount to BTC-E market price, and handle the selling. Share holder still get extra income, and friedcat only has to spend 30 seconds to send NMC to me.

I don't get it guys. Why not just generate an address and enable merged mining on the pool account setting that would not take time at all. Then "consider" what to do with the NMC later when Friedcat have time.

Everyone claiming this to be a hassle. The hassle is when you are selling the coins. Not when you mine them. Especially since merge mining is happening at pool level so there is no need to maintain an NMC full node.