Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1156. (Read 3917543 times)

Just saw this from a Smoothie post!

http://www.youtube.com/watch?v=-eF6FSdur8k

BFL Jalapeno assembly.

In the description, Josh claims that they'll have 10-20 Jalapenos per week rolling out from these machines, 100 GH/s per week... by the end of May.
Since they are BFL, that means the end of June!

BFL: 100 GH/s per week rolled out
Avalons: won't come out for 9-10 wks, and might still be delayed
Bitfountain: 7.5 TH/s per week

Waiting for shares to go to 2 BTC each.

Yes I did sell my shares, and I would considering buying again at lower prices. However, I have no illusions that the rabid AM masses will let that happen at a sensible price any time soon.

Mostly I'm asking the same thing I asked repeatedly before I sold:
Where the f$@# is all the hashing they promised?

This question should be MORE important to shareholders, so please quit trying to paint me as a manipulator. I am still an investor in bitcoin and watch many things I don't have stake in.

Yes, and well done to burnside for implementing this.  However a PT-DRIP is not a AM-DRIP.  As an AM shareholder, a DRIP is not a feasible option.  As a PT-shareholder, go nuts.

Trying to get the price down?

This is already implemented on BTCT. You check off a checkbox and indicate a price you are willing to bid, and the system, I believe, puts out a bid at that level or buys at the lowest ask on the market.

I haven't tested this, though, so perhaps burnside can chime in on how this works?

.b

EDIT: Just in case anyone is confused, the BTCT shares are PT.

A "true" DRIP requires the company either issue more shares, or the company buy shares onmarket to then onsell to shareholders at a predetermined price (eg. 30 day VWAP prior to going ex-div).

I presume nobody who's a shareholder today wants AM to issue more shares, so that leaves AM buying shares onmarket to sell to shareholders.  The problem is that AM shares don't "list" anywhere.  Short of the auction thread or equivalent, all you can buy is PT shares.

I would actually support something like this. I would love to set my shares to say 25% divident reinvest, but 1btc/share doesn't make this very workable for smalltime investors.

Friedcat & co own more of AM than all of us put together.  They have all the motivation in the world to deploy as fast as is safely possible.  You and everyone else here armchair-speculating about their activities and second-guessing the roadblocks and speed they have helps NO ONE.

It is pretty obvious that Friedcat believes that 7.5 TH/s is a reasonable estimate for the fastest they can possibly deploy.  If he could go faster, do you not think that he would?  7.5 TH/s is *750* hashing boards that have to be mounted, powered up, firmware-flashed, pointed to the pool and debugged.  If the racks aren't fully in place, that's ~37 racks that have to be built.  And that isn't even talking about cooling.  At least one in 100 is going to have a short that requires diagnostics.  "Plan for more next week?"  lol.  Give him a fucking break.  I highly doubt any of them plan to do anything except 15 hour days 7 days a week for the next MONTH.  Honestly I'd rather them slow it down a little bit as needed because tired people make mistakes, and mistakes could cost thousands.

As far as the other people asking what happened to the other ~5.8 TH/s from the original 12, they ran into power issues.  Powering 750 hashing boards is no easy feat.  They had timed the expansion of their power capacity with the delivery of the next 50 TH/s, rather perfectly I might add.  So now they both have more power and they have the 50TH/s.  So theoretically they can bring online 55.7 TH/s now, although we are selling so it won't be quite that much.

/rant