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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1177. (Read 3917058 times)

sr. member
Activity: 476
Merit: 250
looks like share price is dropping back down...  Grin

people selling while they can.
sr. member
Activity: 406
Merit: 250

The bigger ASICMiner gets the less variance it will have in earnings, therefore the less value being part of a pool provides, other than in terms of making the true production rate visible.

There is only one statistic that truly matters above all else and that is share of global hashrate. It doesn't matter what the actual difficulty level is provided that pool share can be maintained. That should be a big factor in how they decide between selling/operating any units that are produced.

That's true. Actually, when AM deploys rest of batch 1, it's gonna be bigger than any pool except BTC Guild. So... what variance? It's gonna have smaller variance than pools!
sr. member
Activity: 298
Merit: 250

The bigger ASICMiner gets the less variance it will have in earnings, therefore the less value being part of a pool provides, other than in terms of making the true production rate visible.

There is only one statistic that truly matters above all else and that is share of global hashrate. It doesn't matter what the actual difficulty level is provided that pool share can be maintained. That should be a big factor in how they decide between selling/operating any units that are produced.
legendary
Activity: 1064
Merit: 1000
How did you come up with 5% Fees?

1. It's 3% Fees
2. TX-Fees are payed out
3. Very realiable mining possible

So do your math again please.

You are correct we are not on PPS!  I appreciate you warned me about this.
I know we are supporting one of the most reliable pools, but as the thing gets big and big, solo mining sounds good too, , and with this hashrate variance sould not be a problem and imagine all the good luck we can get, at least a better deal regarding fees, like others said above.
hero member
Activity: 490
Merit: 500
... it only gets better...
People just want to do business with AM. I think its a good thing.
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.

Avalons sold cheaper but later they sold for a multiple of that price on ebay. So avalon lost income. Asicminer doesnt want this so they auction it from the start.
legendary
Activity: 2478
Merit: 1020
Be A Digital Miner
I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.
Also apparently BFL jalapenos will be shipping in the next couple of weeks which have half the hashing power but cost like 20-30x less.
Is it just that ASICMiner are the only company with Asics ready to go now (Avalon having sold out and BFL doing their usual).
Don't get me wrong, i'm only too pleased people are paying so much for the asics, the price of my ASICminer-PT stock has shot up. I'm just curious as to why
People are sick of waiting for their ASICS and having BFL stringing them along for so long.
As the saying goes Incompetence is tantamount to fraud.    So when there is so much "fraud" or incompetence going on in asics, it only make sense that people pay a premium for something that is actually real.
full member
Activity: 223
Merit: 100
I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.
Also apparently BFL jalapenos will be shipping in the next couple of weeks which have half the hashing power but cost like 20-30x less.

Is it just that ASICMiner are the only company with Asics ready to go now (Avalon having sold out and BFL doing their usual).

Don't get me wrong, i'm only too pleased people are paying so much for the asics, the price of my ASICminer-PT stock has shot up. I'm just curious as to why

Having the very first and legendary ASICs as trophy is the key to understanding Smiley
And this trophy is unique in the way that it will most likely pay for itself.
legendary
Activity: 1288
Merit: 1227
Away on an extended break
I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.
Also apparently BFL jalapenos will be shipping in the next couple of weeks which have half the hashing power but cost like 20-30x less.

Is it just that ASICMiner are the only company with Asics ready to go now (Avalon having sold out and BFL doing their usual).

Don't get me wrong, i'm only too pleased people are paying so much for the asics, the price of my ASICminer-PT stock has shot up. I'm just curious as to why

People are sick of waiting for their ASICS and having BFL stringing them along for so long.
full member
Activity: 134
Merit: 100
I was just wondering if someone could explain why the price of the ASICs is so high.
People are paying the same price as an avalon batch 3 for something that's only 1/6 of the power.
Also apparently BFL jalapenos will be shipping in the next couple of weeks which have half the hashing power but cost like 20-30x less.

Is it just that ASICMiner are the only company with Asics ready to go now (Avalon having sold out and BFL doing their usual).

Don't get me wrong, i'm only too pleased people are paying so much for the asics, the price of my ASICminer-PT stock has shot up. I'm just curious as to why
237
sr. member
Activity: 264
Merit: 250

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.

well this only confirms that the told hashrate by friedcat operator and what is shown on btcguild is the same... the told hash can be anything we choose to believe cause we trust him.  asicminer own pool would be fantastic or reduction in fees.
not that im not satisfied with dividends, but isnt 5% in fees more or less like btcguild owning 20.000 shares ?

How did you come up with 5% Fees?

1. It's 3% Fees
2. TX-Fees are payed out
3. Very realiable mining possible

So do your math again please.
legendary
Activity: 1064
Merit: 1000

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.

well this only confirms that the told hashrate by friedcat operator and what is shown on btcguild is the same... the told hash can be anything we choose to believe cause we trust him.  asicminer own pool would be fantastic or reduction in fees.
not that im not satisfied with dividends, but isnt 5% in fees more or less like btcguild owning 20.000 shares ?
legendary
Activity: 1288
Merit: 1227
Away on an extended break

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.

So u trust him enough to send ur btc but not to be honest enough to pay out proper divs?
And dont you mean deflate hash rate and skim from the top?
Anyway, you guys are losing min 3% which has added up to an amazing sum now. No reason for it. Tell btcguild 1% max or u leave.
Inflate, not deflate. People had qualms during AM's earlier deployments about the viability of their miners - mining at a public pool will instantly crush such claims. I trust friedcat here, but probably BTCGuild is the only pool strong enough to handle huge mining hashrates. I agree that friedcat should negotiate for better rates though.
legendary
Activity: 2072
Merit: 1001

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.

So u trust him enough to send ur btc but not to be honest enough to pay out proper divs?
And dont you mean deflate hash rate and skim from the top?
Anyway, you guys are losing min 3% which has added up to an amazing sum now. No reason for it. Tell btcguild 1% max or u leave.
legendary
Activity: 1288
Merit: 1227
Away on an extended break

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
Well, the major reason why AM mined at an independent pool is to prove their hashing speed. If AM mined at their own pool, people can accuse friedcat of artificially inflating their hashrates by changing the site.
hero member
Activity: 499
Merit: 500
Current auction price total: BTC625.  The auction still has a day to go, although it is slowing.

If we assume the cost of the units construction is paid for, and ignore shipping, this sale of 100GHash/sec will provide mBTC1.5625 per share.

BTC625 for 100GH/s is BTC6.25 / GH/sec

I'm still of the opinion that the income from hardware sales plus the income from mining/future deployments means the current price in the order of BTC1.25/share is a pretty good deal for anyone who wants to invest their bitcoins in mining but doesn't want to go all out and buy a multi-thousand USD/multi-tens of bitcoin mining unit.
legendary
Activity: 2072
Merit: 1001

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.

For craps sake... Just threaten btcguild with leaving unless they charge less. Not rocket science.
I am also amazed a company can design an asic but cannot setup a pool to mine at and even let others join for lower variance.
newbie
Activity: 51
Merit: 0

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy


Would it be a win-win for BTC Guild to share their code and and other details with ASICMINER to set up something as reliable for AM use?  With the slight modification that any guest can publicly see the hashrate from the miners (All AM in this case) -- this preserves the need for transparency, and relieves the pressure that BTC Guild is feeling when it is approaching 50% of total hashing power.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Can anyone answer why we don't solo mine?

I dont have read a reason for that either except of variance. The chance of finding a block is higher with a pool with more hashing power. Though i dont know why it should be so much better to pay a fee. I cant imagine that variance gives 3 or more percent that the poolfees takes away.

Variance is one answer. Accountability to shareholders is another - it's easier for shareholders to estimate the earnings if the stats are on a public pool.

ASICMINER could mine on a public p2pool instance...

AM has an obligation to shareholders to maximize profits by mining at whichever pool is the fastest and most reliable.  Right now, that's BTC Guild.

AM has only begun their roll-out/ramp-up process.  They need to use Guild as a benchmark for testing and optimization, before introducing more variables into the equation.

AM should not lose focus and drift away from their core competencies by messing about with P2Pool or homegrown solutions.  Look at CoinLab to see why...   Cheesy
donator
Activity: 2058
Merit: 1007
Poor impulse control.
Can anyone answer why we don't solo mine?

I dont have read a reason for that either except of variance. The chance of finding a block is higher with a pool with more hashing power. Though i dont know why it should be so much better to pay a fee. I cant imagine that variance gives 3 or more percent that the poolfees takes away.

Variance is one answer. Accountability to shareholders is another - it's easier for shareholders to estimate the earnings if the stats are on a public pool.

ASICMINER could mine on a public p2pool instance...

... and that's not solomining.
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