ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1144.

John (John K.)

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Away on an extended break

Quote from: StevenPine on May 02, 2013, 01:38:21 AM

Quote from: VJain on May 02, 2013, 01:31:05 AM

Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy

?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

I like this idea -- having the first USB auction have a minimum purchase order (as in 10 units or something), this will make it easier to manage the auction, perhaps depress the price slightly but make shipping easier/cheaper.

This should be the plan AFAIK.

StevenPine

newbie

Activity: 44

Merit: 0

Quote from: VJain on May 02, 2013, 01:31:05 AM

Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy

?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

I like this idea -- having the first USB auction have a minimum purchase order (as in 10 units or something), this will make it easier to manage the auction, perhaps depress the price slightly but make shipping easier/cheaper.

VJain

sr. member

Activity: 305

Merit: 250

Quote from: Socket54 on May 02, 2013, 01:27:30 AM

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Awesome sauce, thanks a ton for the update on those. Blew my allowance taking the now very happy lady to the steakhouse tonight but might can scrounge up a bit more funny monies fairly easy now without risking castration. Watching these neat lil gadgets.

On another note, if anyone else here is into neat gadgets and electronics check this must have:

http://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle?website_name=robotdragonfly

Very cool

Are you suggesting flying ASICMINER USB Drives... honeybees Cheesy

?

On Topic - It might be cool to pick up a few of these USB drives, but I'm assuming shipping would be more expensive than the actual drive... and assuming they are ready in about a month, might take 4-5 months to pay off (I threw random numbers in a calculator).

@Friedcat - would you consider selling bulk quantities to people and have them resell them from various locations around the world? Probably would be easier/cheaper in terms of shipping and logistics that way.

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

In what quantity may I ask?

Socket54

full member

Activity: 148

Merit: 102

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Awesome sauce, thanks a ton for the update on those. Blew my allowance taking the now very happy lady to the steakhouse tonight but might can scrounge up a bit more funny monies fairly easy now without risking castration. Watching these neat lil gadgets.

On another note, if anyone else here is into neat gadgets and electronics check this must have:

http://www.indiegogo.com/projects/robot-dragonfly-micro-aerial-vehicle?website_name=robotdragonfly

Very cool

AMuppInTime

donator

Activity: 290

Merit: 250

Quote from: furuknap on May 02, 2013, 01:10:54 AM

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b

Why were you expecting over 0.012 per share?

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: louong on May 02, 2013, 01:11:15 AM

Quote from: Rodyland on May 02, 2013, 01:02:43 AM

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair. Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

Could you not alleviate that by allowing people to put in bids below the current dutch auction price? i.e. say the price is 50BTC, someone can post that they want 4 @ 45. So they don't have to constantly monitor things, they can just take the risk that if the price falls to 45, they will get 4 for them to pickup (provided they are the first bids).

Even better - as long as the bids are secret. Otherwise people will keep checking the thread to see if they've been outbid, before the auction even starts!

louong

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Activity: 87

Merit: 10

Quote from: Rodyland on May 02, 2013, 01:02:43 AM

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair. Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

Could you not alleviate that by allowing people to put in bids below the current dutch auction price? i.e. say the price is 50BTC, someone can post that they want 4 @ 45. So they don't have to constantly monitor things, they can just take the risk that if the price falls to 45, they will get 4 for them to pickup (provided they are the first bids).

furuknap

sr. member

Activity: 294

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http://coin.furuknap.net/

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

.b

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

any further info of course is appreciated, but i understand if there isn't much to say.

but - since you've got units in hand - can we get some more pictures? top and bottom, at least? i'm primarily curious about their dimensions, since the original picture we've seen wouldn't allow for side by side placement with closely spaced usb ports.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: Rodyland on May 02, 2013, 01:02:43 AM

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair. Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

No need. Just start alternating auctions in timezones 12 hours apart. Start one at say 6pm Beijing time, and the next at 6pm New York time.

Quote from: Rodyland on May 02, 2013, 01:02:43 AM

The other option would be silent auction.

Although from what John has been saying it seems like many people wouldn't understand either dutch or silent auction rules, given how many don't seem to get how a 'normal' auction works.

That's a depressing thought. Although one viewing of a dutch auction and you get the idea quickly. Especially when someone leaves with the last item and posts "so long, suckers!". Grumble.

redbeans2012

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Merit: 1000

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Any more specifics on this? When are you expecting them to be complete? What will be the starting price? Any other info is appreciated.

Jutarul

donator

Activity: 994

Merit: 1000

Quote from: friedcat on May 02, 2013, 12:53:34 AM

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Hip hip hooray!

Looking forward to the auction. Will likely receive a huge mark up, since due to its form factor it will serve as a promotional and educational tool.

It would be nice if someone would create a script package which allows a laptop to automatically start mining, the moment the stick is plugged in. Could run as a background service.

Rodyland

hero member

Activity: 499

Merit: 500

While I like the idea of a dutch auction, when your client base is spread across all the timezones of the world, that makes it either very slow, or very unfair. Maybe very slow would work - 24 hours per tier.

You could probably get around the slowness somewhat by pre-advertising the auction schedule, and people could make sure that they or someone they trust is around to bid for them when the auction price hits their limit.

The other option would be silent auction.

Although from what John has been saying it seems like many people wouldn't understand either dutch or silent auction rules, given how many don't seem to get how a 'normal' auction works.

gmouse

newbie

Activity: 51

Merit: 0

Quote from: Transisto on May 02, 2013, 12:51:14 AM

What AsicMiner need is a better public image, a website.

And a forum while at it, This bloated thread is not cutting it.

I have no idea where we are on that front but that should be a priority if you intent on selling products to end-users.

I agree with this sentiment, at least in the long-term. The product, in six months' time, if it is to compete with BFL, will need to be more user-friendly, and sold to the masses, not just here in auctions. A web presence seems like a logical first step.

organofcorti

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Poor impulse control.

Quote from: John (John K.) on May 02, 2013, 12:46:40 AM

Quote from: organofcorti on May 02, 2013, 12:43:55 AM

Quote from: John (John K.) on May 02, 2013, 12:08:01 AM

Hmm... I'm not sure of how a Dutch auction for multiple goods would work. It would confuse some bidders too (heck, I've been getting PM's on how basic auctions work) Undecided

Easier than you'd think. You have a countdown clock counting down the price from high to low, say 1 btc per hour. As soon as someone accepts a price for a number of items, those items are sold at that price.

It's a very quick auction method, and has the advantage that it can still sell some items before a reserve is reached. It doesn't matter if people know the price range beforehand since they don't know how others will bid. Since people *really* don't want to be left out, they'll probably bid earlier rather than later (when the price is lower but the probability of missing out is higher).

This method removes the end of auction sniping that occurs in English auctions. You wait until the price hits something you can afford and then you post once and you're done, or you miss out. No more having to check the thread regularly after you bid and repost every time someone makes a new bid.

Sounds like what louong said above too - yeah this should be a good way of auctioning these off painlessly. Cheesy

As long as people can buy as many as they want on the way down until all are sold - is that what louong meant? Anyway, a Dutch auction is perfect for forums especially if it's to take place over hours or days (unless sold out first).

English auctions are really suitable only for short periods of time, and where upping your bid any number of times is possible - which it isn't on a forum.

BitHub

sr. member

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that's cool i understand that i guess, i just dont want to miss out hey.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Quote from: John (John K.) on May 02, 2013, 12:50:40 AM

Quote from: louong on May 02, 2013, 12:49:09 AM

Quote from: BitHub on May 02, 2013, 12:47:12 AM

Any chance they'll be a separate auction or selling to shareholders direct with friedcat, not PT shareholders but friedcat ones? I'm sick of losing out to people who don't even have asicminer shares.

If I was a shareholder I would want ASICMINER to maximize profit by making the products available to all bidders, not just ASICMINER shareholders.

True. As a shareholder I agree to this.

The way the dividends will soon be going, the shareholders will be the only ones who can afford the price!

friedcat

donator

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The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

Transisto

donator

Activity: 1731

Merit: 1008

What AsicMiner need is a better public image, a website.

And a forum while at it, This bloated thread is not cutting it.

I have no idea where we are on that front but that should be a priority if you intent on selling products to end-users.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1144. (Read 3917058 times)