Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1137. (Read 3917058 times)

Hashrate slowly rising

We're @ 20% of the total hashrate _{(pretty much an all-time-high)}

hmm, if earning is 100, then 100 * 108%, what do you get? or did I learn math wrong?

Stratum does support NMC, mine at bitminter.com and you'll see.

Stratum protocol doesn't support NMC. 108% more sounds misleading, do you mean 108%? Or do you mean 8% more?

Why not merged mine NMC at a pool with merged mining? (not sure if btcguild still has it). Could be earning 108% more.

just fun fact: 3% fee on BTC Guild had cost Asiminer about 1100 BTC (AFAIK)

We can only connect well to BTCGuild right now, so the answer is... never.  Until we solo-mine.

More accurate: http://blockorigin.pfoe.be/chart.php, but
Yeah..

Professional retail distribution would require BitFountain/AM to hire additional staff dedicated to managing a large rotating inventory, customer service, etc. It might require them (as was originally suggested) to start processing non-BTC payments from around the world - complicating their accounting.

Obviously you sacrifice some level of margin by selling equipment to retailers as an OEM, but you also save yourself a lot of headaches. Adding a full-scale retail operation adds an entire level of business complexity for relatively low marginal gains. The original wholesale price, if set by auction, would cut significantly into retail margins while eliminating a great deal of operational complexity for AM. The price AM gets would be less, obviously, than the final cost to retail buyers... but it couldn't be that much less as efficient dedicated retail operations would make it work. When I think of a retailer I'm not thinking of some guy on this site buying 128 units and selling them for a 100% markup also on this site - price competitiveness would emerge when BitcoinStore and other retailers made bids on 10s or 100s of lots and then sold them through their more efficient system.

AM would get a very good price, and consumers would get better access and service.

Not OK:



When will ASICMINER start to distribute its Hashingpower a bit?

Much of this is natural growing pains for a new and massively expanding company, I've seen this many times before from the inside in companies I've been involved with.

The problem for ASICMiner is that they setup expectations, based on the payment of weekly dividends. There is no real need to either pay dividends that frequently and thought should be given as to whether it's optimal, since the volatility of weekly dividends is a potentially unnecessary distraction.

Given that ASICMiner is self-financing there is less requirement to appease the market with a flow of information designed to support share-price and more reasons to focus on the actual business, with a less frequent but more detailed set of information and perhaps a less frequent but larger dividend.

By way of comparison, most larger companies only issue quarterly earnings report and pay dividends twice-yearly, with interim announcements of major news. Within private companies that have raised external finance there is usually more frequent reporting, since the owners like to feel closer to the business.

This is now a $50m business, perhaps it should be able to at least have a short blog page somewhere, so that the weekly commentaries can be held as an easily readable time-series of items. Also posted on here could be a monthly or quarterly balance sheet and P&L account.

I was mostly being sarcastic. I'm probably going to sell 10-15 shares to help pay for a vacation, need to reward oneself now and then .

My view is that the price will double it's current value in the next 6 months, so I agree with you dumping now wouldn't be that good of an idea... wait... people should dump so I can buy more for less! .

The elaborate report can be found here: https://bitcointalksearch.org/user/friedcat-49840 

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.

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

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

Don't worry, I know exactly how small I am...

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.

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

Personal disclosure: I only hold AM shares currently. 

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!