Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1137. (Read 3917568 times)

That is the dumbest idea so far. Why would you want to start a 'price gauging' war between re-sellers when it's proven right here they don't need re-sellers. Only thing that would happen is that ASICMINER's margin would be lower and sale prices would be higher.

If that worked I assure you in the near future you will regret the dump part.

Thanks for the update friedcat, but please still work on a "elaborate" report instead of us having to trail through previous forum posts to get a partial picture.

My attempts (not really) at pump and dump xD.

shshshushsh.... what are you thinking writing this in public! trying to get the price to where it SHOULD be before we buy moar?

Brag post

• Found out about Bitcoin a couple of Years ago.
• Bought some shortly after the first big crash.
• Found out about ASICMINER since IPO.
• Done some *actual research* on Bitcoin. Bought more.
• Feeling extremely pleased with myself.

Busy couple of years!

Don't brag. I did all the above and I am still a very small man in front of the real early adopters. Wait a few years and brag to JoeSixCoiners when they complain about earning mere few tens of mBTC a month or so.

Update
...

Auditable frequently: How much Bitcoins are earned from mining and public auctions, given that we have no secret extra income sources? These are all shown as public records on blockchain and forums. This is the advantage of using Bitcoins and being a Bitcoin-based company.

...

Brag post

• Found out about Bitcoin about 4 weeks ago.
• Bought some shortly after the crash.
• Found out about BFL. Ordered one.
• Did some *actual research* on Bitcoin. Bought more.
• Did some *actual research* on BFL. Started to worry a bit.
• Ordered some Avalon ASICs as a bit of insurance, which I plan to have made up into cards for personal mining.
• Did more research on mining. Found out about ASICminer shares.
• Canceled the BFL order. Used proceeds to buy ASICminer shares.
• Feeling rather pleased with myself.

Busy month!

Bitfunder is really screwy sometimes... it seems like the price is eternally .1 less than btct.

Bitfunder is really screwy sometimes... it seems like the price is eternally .1 less than btct.

And the PT on Bitfunder dropped from 1.3 --> 1.2 Perfect time to buy in!

Thanks for the in-depth update, get some well deserved sleep when you can.

Woot, 262 TH/s coming this summer!!

Update

Let us explain the cost more elaborately first: some of them are used as a reserve (not paid yet) for ICs of later batches of Block Erupter Blades (namely the clock/data buffer ICs for the main board and the buck controller ICs for the power module) and Block Erupter USB sticks (MCUs and USB controller ICs). Some of them should be paid soon for the immediate demands for ICs of the Block Erupter USB stick.

For financial transparency, there are three aspects:

Unauditable: Have we been doing stealth mining with some extra hashing power unknown by the public? We haven't. But this is practically not monitorable therefore this forms a minimum trusting base.

Auditable frequently: How much Bitcoins are earned from mining and public auctions, given that we have no secret extra income sources? These are all shown as public records on blockchain and forums. This is the advantage of using Bitcoins and being a Bitcoin-based company.

Auditable infrequently: How much have we spent and are they spent properly? How much have we gain via non-public big selling contracts? Most companies do this on a quarterly or yearly basis. We could and will also do this. As said before, the financial reports can be almost fully generated from our Bitcoins and fiat transactions as well as contracts to the manufacturers and the fab. We exceeded the expected time of making the second elaborate one but it will certainly be done when my partners and I are more or less freed from daily work of maintenance and keeping ASICMINER expanding with the growing number of join-in employees.

1. 62+200=262TH/s. Earnings and profitability highly depends on the competitors and how the price range the purchasers will accept after two to three months. And please bear in mind that they are perspectives, only bonds could usually give a fixed range of profit predictions.
2. The final margin cost for 1TH/s is less than 10k$, the actual number depends on the volatile price of PCB components. Installing and power bill are currently low. We will be self-funded.
3. We are virtually free of any liabilities at this moment. The rest, as said above, will be generated from our Bitcoins and fiat transactions as well as contracts.
4. They are all set aside as reserves for the future. We do not get the Bitcoins sold only one day before the merchants knock our door asking for payments.

And for the Block Erupter USB sticks. Please stay tuned for later news.