Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1227. (Read 3917029 times)
Another tasty dividend pay day.
good luck with your high school degree!
Cut the insults. I stayed polite, you must too. Nothing to reply? Then say nothing.
Wednesday is sexy day. Thanks Friedcat and the ASICMINER team!
Thanks for the coins Friedcat! 
Any predictions if (and when) the other 6TH/s will come online?
We're almost 2 weeks on 6TH/s.
If the next speed upgrade is the 50TH/s batch in ~5 weeks please let us know, so we don't have to ask again
@above:
The +50TH/s is expected at the end of april, if everything goes well
Any predictions if (and when) the other 6TH/s will come online?
We're almost 2 weeks on 6TH/s.
If the next speed upgrade is the 50TH/s batch in ~5 weeks please let us know, so we don't have to ask again
@above:
The +50TH/s is expected at the end of april, if everything goes well
Friedcat, when is the next upgrade in hashing to be implemented?
Thank you!
Thank you!
0.02599802 per share received. Thanks!
0.02599802 BTC/share for week 4, woot!
Week 1: 0.023544/Share
Week 2: 0.019163/Share
Week 3: 0.023786/Share
Week 4: 0.025998/Share
Week 5: ?
That leaves 0.007509 of 0.1 IPO share price to be repaid.
Edit: Corrected payout week and added info
Week 1: 0.023544/Share
Week 2: 0.019163/Share
Week 3: 0.023786/Share
Week 4: 0.025998/Share
Week 5: ?
That leaves 0.007509 of 0.1 IPO share price to be repaid.
Edit: Corrected payout week and added info
Dividend already confirmed, thanks friedcat!
Oh God, just received confirmation satoshis for week 3!
It started confirming pretty quickly this week too.
Oh God, just received confirmation satoshis for week 3!
It was a discussion and now it is clearly not!. Please take this elsewhere. Thank you very much for your understanding. Both of you.
one correction, if I may, since its based in China I believe the bill is in CNY.
my bad
Mausini: your thought experiment merely shows their valuation would decrease a lot faster if their operating costs were a fixed amount of BTC. It does not show their valuation would increase if the costs are paid in USD... This is at least the 3rd or 4th time I explain to you their operating costs are only ~3%, that they can't go lower than that, that the USD costs are already as low as they can be, and that in the future this percentage will increase, a lot:
good luck with your high school degree!
The profitability of ASICMINER today, like you said, depends on the other ASIC manufacturers and ASICMINER's deployment. The profitability of ASICMINER in 3 years is directly impacted by the block reward halving.
Maybe not "not worth considering" as helixone put it, but there are far too many uncertainties to make a healthy assessment. Even by 2016, fees could begin to compensate for the missing reward, depending the block size scheme and mining market's evolution.
ETA: I just had a dream where I received a card from Bitfountain. No heatsink, and the connector was shorter than PCI, but longer than PCIe x 1. The package was being returned to an address in the States because of a taxation issue but dropped in an apartment anyway. I knew which apartment because SebastianJu sent me a photo of the postman holding the package. I was suspicious of SebastianJu, but he had a convincing explanation. Meanwhile friedcat was suspicious about me because this was all happening in the wrong country.
Lets look at another angle of this, What about the next reward halving? It is supposed to cut the fair value by half for ASICMINER and half its dividends.
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
Err, that isn't scheduled to happen until 2017, so not worth considering.
OK Nov 25th, 2016 as per https://en.bitcoin.it/wiki/Mining
Between now and then we have:
1) the upcoming transition of almost the entire network from GPU mining to 1st gen ASIC mining.
2) At least one perhaps more transitions to newer generation fo ASIC mining hardware.
How Friedcat handles these transitions, (especially the first one) as opposed to the competition, is going to have a much bigger impact on the daily price of ASICMINER shares than an event that is approximately 1330 days in the future. We have no way of knowing if ASICMINER will still exist, or be the biggest fish in the mining sea.
-helixone
It's very hard to say what the mining sector will look like in a few years, but block reward halving matter and shouldn't be ignored.
So should we be considering that all bitcoins will have been mined by 2033 and will have to transition to a transaction based incentive model?
I say no, because the profitability of an investment in ASICMINER today will largely be impacted by how quickly Friedcat brings the next 50+ TH online, as opposed to if and when BFL can ship their upcoming production run of ASIC mining gear.
The profitability of ASICMINER today, like you said, depends on the other ASIC manufacturers and ASICMINER's deployment. The profitability of ASICMINER in 3 years is directly impacted by the block reward halving.
According to ngzhang, Avalon won't finish Batch#2 shipping until the end of May. And the optimistic guidance of the future production rate is 1500 units per month. The Batch #3 will sell at higher price than Batch #2, which has not decided yet and is based on ROI.
So, Happy mining, ASICMINER!
I have 250 ASICMINER shares for sale at 2 BTC each. I know this ask is much higher than the market price, which I think is pretty under valued so I am waiting here at 2BTC per share. Interested buyer please PM me.
So, Happy mining, ASICMINER!
I have 250 ASICMINER shares for sale at 2 BTC each. I know this ask is much higher than the market price, which I think is pretty under valued so I am waiting here at 2BTC per share. Interested buyer please PM me.
The block reward isn't something that is going to happen or not happen - mining rewards will be cut in half. It's something you look at when considering the future revenues, and just because it's in 2016 doesn't mean it's not going to happen.
It's very hard to say what the mining sector will look like in a few years, but block reward halving matter and shouldn't be ignored.
Yes ... but the transaction fees will partially compensate with increasing number of transactions during the next 3-4 years It's very hard to say what the mining sector will look like in a few years, but block reward halving matter and shouldn't be ignored.
Lets look at another angle of this, What about the next reward halving? It is supposed to cut the fair value by half for ASICMINER and half its dividends.
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
Err, that isn't scheduled to happen until 2017, so not worth considering.
OK Nov 25th, 2016 as per https://en.bitcoin.it/wiki/Mining
Between now and then we have:
1) the upcoming transition of almost the entire network from GPU mining to 1st gen ASIC mining.
2) At least one perhaps more transitions to newer generation fo ASIC mining hardware.
How Friedcat handles these transitions, (especially the first one) as opposed to the competition, is going to have a much bigger impact on the daily price of ASICMINER shares than an event that is approximately 1330 days in the future. We have no way of knowing if ASICMINER will still exist, or be the biggest fish in the mining sea.
-helixone
It's very hard to say what the mining sector will look like in a few years, but block reward halving matter and shouldn't be ignored.
So should we be considering that all bitcoins will have been mined by 2033 and will have to transition to a transaction based incentive model?
I say no, because the profitability of an investment in ASICMINER today will largely be impacted by how quickly Friedcat brings the next 50+ TH online, as opposed to if and when BFL can ship their upcoming production run of ASIC mining gear.
It's this simple: if you feel that Friedcat is gonna have his gear up for a solid period of time before BFL has shipped a significant portion of their backordered gear, then price will go up to reflect the dividends being paid, and he'll will have the monetary reserves to invest heavily and early into the next generation of HW. If not, well... let's not talk about that.
So far it looks like he is doing well, and he has a good chance to beat BFL to market with his second production run. The bigger question is how many weeks/months will he be ahead? (Oh course the more the better for current investors).
Lets look at another angle of this, What about the next reward halving? It is supposed to cut the fair value by half for ASICMINER and half its dividends.
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
Err, that isn't scheduled to happen until 2017, so not worth considering.
OK Nov 25th, 2016 as per https://en.bitcoin.it/wiki/Mining
Between now and then we have:
1) the upcoming transition of almost the entire network from GPU mining to 1st gen ASIC mining.
2) At least one perhaps more transitions to newer generation fo ASIC mining hardware.
How Friedcat handles these transitions, (especially the first one) as opposed to the competition, is going to have a much bigger impact on the daily price of ASICMINER shares than an event that is approximately 1330 days in the future. We have no way of knowing if ASICMINER will still exist, or be the biggest fish in the mining sea.
-helixone
It's very hard to say what the mining sector will look like in a few years, but block reward halving matter and shouldn't be ignored.
Lets look at another angle of this, What about the next reward halving? It is supposed to cut the fair value by half for ASICMINER and half its dividends.
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
You could argue that BTC price would double so it is the same but that also means that if you sold your shares just before the halving and its effect. You sacrifice the future divalents to DOUBLE the worth of your shares!
What do you think guys?
Err, that isn't scheduled to happen until 2017, so not worth considering.
OK Nov 25th, 2016 as per https://en.bitcoin.it/wiki/Mining
Between now and then we have:
1) the upcoming transition of almost the entire network from GPU mining to 1st gen ASIC mining.
2) At least one perhaps more transitions to newer generation fo ASIC mining hardware.
How Friedcat handles these transitions, (especially the first one) as opposed to the competition, is going to have a much bigger impact on the daily price of ASICMINER shares than an event that is approximately 1330 days in the future. We have no way of knowing if ASICMINER will still exist, or be the biggest fish in the mining sea.
-helixone
And it is 2013 now.
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