ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1174.

SebastianJu

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Quote from: TheSwede75 on April 19, 2013, 12:10:51 PM

Quote from: friedcat on April 19, 2013, 12:06:02 PM

Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.

I think a nice 'incentive' that could also help bring attention to investing in ASICMINER would be to offer the USB stick miners to share holders only (if possible) or offer a hefty 'early bird' discount to share holders.

My 2 Satoshi

That wont make sense because it would only lead to a shorttime spike in the shareprice. And its not needed anymore to get buyers for the shares because IPO is done. So if someone only could get one miner as a shareholder he would buy shares and sell it later. Nothing to win with this.
And, even though im a shareholder, i wont like special treatment to shareholders either.

Mausini

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Quote from: TheSwede75 on April 19, 2013, 12:10:51 PM

Quote from: friedcat on April 19, 2013, 12:06:02 PM

Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.

I think a nice 'incentive' that could also help bring attention to investing in ASICMINER would be to offer the USB stick miners to share holders only (if possible) or offer a hefty 'early bird' discount to share holders.

My 2 Satoshi

"'incentive' that could also help bring attention to investing in ASICMINER" is certainly not friedcat's concern. why? because bitfountain is not selling any shares and wont be for the foreseeable future.

Anyway, there should be NO special treatment of shareholders. There is no overall profit maximizing effect in favoring shareholders. If you want to buy, buy like everyone else.

lduck

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Quote from: friedcat on April 19, 2013, 12:06:02 PM

Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.

are the problems with network an power fixed?
how many TH/s can be plugged in all locations?
how many TH/s are in that assembled blades?
how many will be sold?

to know at least some of these numbers would be great. I know that we are waiting for the second batch, but could not find if second batch is 6TH/s or 50TH/s (or some other number?)

TheSwede75

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Quote from: friedcat on April 19, 2013, 12:06:02 PM

Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.

I think a nice 'incentive' that could also help bring attention to investing in ASICMINER would be to offer the USB stick miners to share holders only (if possible) or offer a hefty 'early bird' discount to share holders.

My 2 Satoshi

Franktank

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Would it be possible to get some estimate numbers on what you plan to deploy and auction in the coming weeks?

friedcat

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Update

We are getting ready for the arrival of our assembled blades. The development of USB-stick miners is actively on the way and heading to its sample batch. The series of the auction will last for several rounds and include the USB-stick miners in later rounds when they are out.

TheSwede75

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Quote from: kokojie on April 19, 2013, 11:04:48 AM

Quote from: arklan on April 19, 2013, 10:51:22 AM

Quote from: JimiQ84 on April 19, 2013, 10:47:00 AM

this https://bitcointalksearch.org/topic/wts-2x-icarus-fpga-miners-mine-with-them-or-trade-in-for-avalon-179800 should be used as a base to determine price of USB miner. Those FPGAs are 380MH/s, but are larger and consume more energy. Right now is price 7,5 BTC per piece.

Yea, but the cost of an fpga chip is significantly larger then an asic. Discounting the NRE anyway.

That's significantly more then I could justify spending on one, especially if bfl delivers 5 ghash at $275.

Time is most of the value in the price of miners right now. Sure BFL might deliver 5GH at $275, but when? if you order now, it's probably going to be 6-7 months later before you receive one, if you are lucky that is, there's tons of pre-orders ahead of you.

I think it comes down to whether or not you believe BFL will finally 'get their shit together' and deliver. IF they actually start shipping and can produce the 400+ units a day they have been saying for the last month BFL products will be a GREAT choice. If they screw up again and take another few months, their products will be almost worthless when they hit market in Aug/Sept.

kokojie

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Quote from: arklan on April 19, 2013, 10:51:22 AM

Quote from: JimiQ84 on April 19, 2013, 10:47:00 AM

this https://bitcointalksearch.org/topic/wts-2x-icarus-fpga-miners-mine-with-them-or-trade-in-for-avalon-179800 should be used as a base to determine price of USB miner. Those FPGAs are 380MH/s, but are larger and consume more energy. Right now is price 7,5 BTC per piece.

Yea, but the cost of an fpga chip is significantly larger then an asic. Discounting the NRE anyway.

That's significantly more then I could justify spending on one, especially if bfl delivers 5 ghash at $275.

Time is most of the value in the price of miners right now. Sure BFL might deliver 5GH at $275, but when? if you order now, it's probably going to be 6-7 months later before you receive one, if you are lucky that is, there's tons of pre-orders ahead of you.

arklan

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Quote from: JimiQ84 on April 19, 2013, 10:47:00 AM

this https://bitcointalksearch.org/topic/wts-2x-icarus-fpga-miners-mine-with-them-or-trade-in-for-avalon-179800 should be used as a base to determine price of USB miner. Those FPGAs are 380MH/s, but are larger and consume more energy. Right now is price 7,5 BTC per piece.

Yea, but the cost of an fpga chip is significantly larger then an asic. Discounting the NRE anyway.

That's significantly more then I could justify spending on one, especially if bfl delivers 5 ghash at $275.

JimiQ84

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this https://bitcointalksearch.org/topic/wts-2x-icarus-fpga-miners-mine-with-them-or-trade-in-for-avalon-179800 should be used as a base to determine price of USB miner. Those FPGAs are 380MH/s, but are larger and consume more energy. Right now is price 7,5 BTC per piece.

phantastisch

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;;friedcatlag

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Quote from: SebastianJu on April 19, 2013, 05:40:25 AM

And please note that you buy Asicminer Passthrough shares there. So you have a contract with the Issuer of the Passthroughs not with friedcat directly. You can change these shares into real shares with a minimum of 250(not set in stone) with deadterra or 1 with burnside. And please check the fees of the platform and the fees of the Passthrough.

Sorry for this possibly stupid question, but... where do I see the fees of the platform? I only found the Passthrough.

SebastianJu

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Quote from: ?? on ??

Quote from: iCEBREAKER on April 18, 2013, 08:48:28 PM

Quote from: superduh on April 18, 2013, 08:46:39 PM

so how does one go about getting shares nowadays or getting in? too many pages to read so any help would be great

https://bitfunder.com/asset/G.ASICMINER-PT

just to be fair... btct.co is the other option.

also auctions here on the forum

And please note that you buy Asicminer Passthrough shares there. So you have a contract with the Issuer of the Passthroughs not with friedcat directly. You can change these shares into real shares with a minimum of 250(not set in stone) with deadterra or 1 with burnside. And please check the fees of the platform and the fees of the Passthrough.

JimiQ84

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Quote from: aahzmundus on April 19, 2013, 04:24:19 AM

Are our updates on Friday now? I avoided watching the thread so I did not go crazy, and figured there would be a new update by now.

Updates are mainly sporadic because friedcat is busy "deploying"

aahzmundus

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Are our updates on Friday now? I avoided watching the thread so I did not go crazy, and figured there would be a new update by now.

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Quote from: superduh on April 18, 2013, 08:46:39 PM

so how does one go about getting shares nowadays or getting in? too many pages to read so any help would be great

https://bitfunder.com/asset/G.ASICMINER-PT

superduh

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so how does one go about getting shares nowadays or getting in? too many pages to read so any help would be great

Rodyland

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Quote from: coldguy on April 18, 2013, 08:37:20 PM

Quote from: ex-trader on April 18, 2013, 12:09:08 PM

Here's the simple maths of valuing ASICMiner:

There are 10Mn BTC unmined approximately.
ASIC Miner have 400,000 shares.
If ASIC Miner could mine 10% of all coins forever, then they mine 1Mn BTC for a total of 2.5 BTC/share (ie 1Mn/400k)
Assuming that an investor wanted a positive net return then they'd pay less than 2.5BTC to buy that income stream, probably nearer 1BTC, for a roughly 25% IRR over the long holding period.

The question therefore is what hash-share can ASICMiner hit and maintain, if they can go well over 10% then they're a good buy.

Note all the above is very simple, since it excludes running costs for ASICMiner (incl electricity), but also excludes other sources of income such as fees and profits from selling devices.

Not accurate enough. Think about that when all the BTCs are mined, the only profit of spending the hashing power is the transaction fees. If BTC will be successful, which I think is everyone's dream here otherwise you will not be here, the transaction fee may be as comparable, or higher than the mining return. When this day comes, if ASICMiner is the super power of the entire transaction confirmation network, its return will be continued. Think about the return of a bank nowadays...

So now the question is, do you believe ASICMiner/Friedcat has such a capability to keep up with the increase ratio of the entire network hashing power? Any competitor at this moment?

I'm a believer. Seems to me retained profits thus far and reinvested have been sufficient to keep up with network growth, and I see no reason this can't continue to be the case. On top of that, dividends in the order of 1% per week, seems like a good deal to me.

coldguy

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Quote from: ex-trader on April 18, 2013, 12:09:08 PM

Here's the simple maths of valuing ASICMiner:

There are 10Mn BTC unmined approximately.
ASIC Miner have 400,000 shares.
If ASIC Miner could mine 10% of all coins forever, then they mine 1Mn BTC for a total of 2.5 BTC/share (ie 1Mn/400k)
Assuming that an investor wanted a positive net return then they'd pay less than 2.5BTC to buy that income stream, probably nearer 1BTC, for a roughly 25% IRR over the long holding period.

The question therefore is what hash-share can ASICMiner hit and maintain, if they can go well over 10% then they're a good buy.

Note all the above is very simple, since it excludes running costs for ASICMiner (incl electricity), but also excludes other sources of income such as fees and profits from selling devices.

Not accurate enough. Think about that when all the BTCs are mined, the only profit of spending the hashing power is the transaction fees. If BTC will be successful, which I think is everyone's dream here otherwise you will not be here, the transaction fee may be as comparable, or higher than the mining return. When this day comes, if ASICMiner is the super power of the entire transaction confirmation network, its return will be continued. Think about the return of a bank nowadays...

So now the question is, do you believe ASICMiner/Friedcat has such a capability to keep up with the increase ratio of the entire network hashing power? Any competitor at this moment?

SebastianJu

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Quote from: kano on April 18, 2013, 07:24:05 PM

[Or they could just mine 97% known on the pools and 3% broken up unknown (pick any small number you like Tongue

)
Only they know the exact current amount of hardware they are running.

In fact i found it always a bit strange that exactly 6TH could be deployed. Half of the power available. While the shares are spread nearly half shareholders to Bitfountain. But i trust friedcat enough to not think thats true. It only came to my mind always that the 6 out of 12TH are a bit strange...

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