Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1199. (Read 3917058 times)

When exactly the 50TH will be plugged?

Just did some figurin, those who bought an ASICMINER board seat (5000 shares) at IPO turned $6500 USD in to nearly a million dollars, if they sold today. Not bad for eight months.  Kudos to those who did.

we had it coming for two years now. but I agree, preparing for take off is different from actually doing it.
 
Bleeding money from extremely volatile assets to more reliable assets on a predictable schedule is usually the prudent thing to do. It's all about opportunity costs. However, the current policy to pay high dividends delegates that financial planning to shareholders to a large degree.

My greed clouds my judgement, so in a way, it would be somewhat a relief to have someone else making the decisions about hedging.  Part of me really wants to believe that the buyers of BTC are not casual speculators that will develop cold feet and panic sell in a drop, but instead are using their BTC for actual transactions  The recent rise just leaves me in shock and awe.  

Don't get me wrong, I'm all for bigger dividends. I'll say that I only have a very general understanding of mining and lesser on altcoin mining but it would require some effort (ranging from a single click of a button to dedicating resources and manpower). For now, I would rather have all efforts focused on increasing hashrate and maintaining it but I'm sure friedcat could address it in a future update if the demand is there.

Just my two 0.02BTC

ASICMINER raised funds in BTC, earns BTC, pays dividends in BTC, shares are quoted in BTC, and if/when selling boards will be for BTC.

Apart from the (increasingly small) fixed costs (electricity, rents, wafers, etc.) which may be in USD (but more likely CNY) why does the USD/BTC exchange rate move matter for anything?  (Apart from making this investment look increasingly valuable relative to other real world companies.)

I don't think hedging USD (much) should be something management should be doing.  But it may be something individual shareholders might want to do.

What you describe is usually the job of the CFO. It's a good question and certainly deserves more attention. I don't know whether friedcat has delegated that task from the leadership team to a single person by now. IIRC up to now company policy was to keep as much money in BTC as possible and as much money in fiat as necessary, for the obvious reasons...

The recent staggering run-up in BTC relative to $USD makes conventional analysis very difficult.  When hardware is ultimately sold for BTC, for example, how much, if any, of the proceeds should be converted and held as a hedge against the possibility (probability?) that this is a bubble?  Makes my head hurt...  And, having an investment arm of AM is surely a distraction the principals don't really or should take on as additional responsibility.

Have any of the Board members been analyzing this? (I am not asking for details, but I am just curious if there has been discussion)

+1

We have reached such a financial impact here that all investors deserve to get a full financial report.

The financials of ASICMINER are pretty opaque ( ) however I'm thinking that the recent run-up in the price of bitcoin should be a good thing for the size of the dividends.

My logic is that most if not all expenses are in fiat.  Increasing exchange rate means less bitcoins need to be converted to fiat to pay bills (electricity, rent, hardware costs etc), leaving more for dividend payments.

Would be awesome if we had more detailed financials.

Merged mining NMC would provide 5.5% additional profit according to http://dustcoin.com/mining

I have 175 direct ASICMINER shares for sale here:

https://bitcointalksearch.org/topic/for-sale-175-asicminer-shares-075-btc-all-sold-171800


And yes, this is working now.  You can see our current hash rate (the big one) here:

http://www.btcguild.com/index.php?page=rankings

Could pool hop too.. :p

Do you say that Bitcoin 100% + Namecoin 5.52% + DevCoin 1.47% + IxCoin 1.84% could be mined instead only Mining Bitcoin 100% that we do now? That would be 108.83% earnings in BTC than we mine now. That sounds good.

So stratum allows merged mining. I think it should be considered to do it when it brings more income than before with the same hashpower. Its not that we have less bitcoins at the end, we only have some more other coins too that can be turned into bitcoins easily. As i understand it. Please correct me if im wrong.

Till now i thought the transaction fees are a nice addition... but now it looks to me there is more that we miss at the moment.

I dont want to be an ass but can it happen that poolowners silently merge mine but claim they dont so that they earn the additional money for themselves? I mean the data the poolminers get to mine with remains still the same so that it doesnt necessarily have to be noticed. Only a question, not an accusation.

@Franktank... if it means that we have less Bitcoins at the end i would say youre right... but if it doesnt mean to lose anything but to get some extra income i think it really should be considered. I mean if its really so much like it sounds then the transaction fees for bitcoins are peanuts compared to it... merged mining would bring in way more on top.
And while friedcat has problems with the power supply and network so that deployment stops it would be a good thing to consider now when there cant be done much other things.


They dont as far as the wiki says. Not even Namecoin. But maybe the wiki is outdated. But eleuthria didnt answer to my question yet regarding this.

wait, doesn't BTC-Guild mergemine automatically?

how can i invest here? and is this working now?

Merged Mining

I understand why there are some that support altcoins but I'm fairly certain friedcat and co. will focus on getting hash power up before considering mining altcoins. It would be quite the uproar from shareholders if they used a portion of hashing power to mine altcoins now.

Wrong!  Bitparking and Bitminter feature merged mining via stratum.

ASICMINER needs to point their local stratum proxies at those two, so we stop missing out on the extra 9% offered by the altchains.

Here's a fun activity: look up AM's current hashrate and plug it in to http://dustcoin.com/mining.

Today, we're leaving about $7,000 in IX/Name/Dev coins on the table by not mining merged style!!!   

IDC if Namecoin is dead.  The corpse wants to pay me dividends, if AM lets it.   

Don't know where you got that idea. ASICs work great with GBT, and Namecoin can very well be mined with stratum (Eligius did so for a while before removing Namecoin simply because it's a dead system).