Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1229. (Read 3917543 times)

When the exchange will be ready, or is it already and i didnt notice?
I want to trade some of my shares, anyone know how can i do that?


Thanks.

'That' Anonymous miner was @ ~5.4 TH/s a few days ago..
(And 3 TH/s the last week(s))
Friedcat told us last week that that ISN'T ASICMINER.

there is almost 3 Thash/s miner at Ozcoin, I'm thinking it's ASICMINER

10 TH/s jump in 2 days 

I thought it will be somehow this way. Thats probably why the Passthroughs for asicminer are traded even higher than the real shares at the orderbook thread: https://bitcointalk.org/index.php?topic=148282.new;topicseen#new Only because there is a real exchange in place. So for those that want to buy shares its still better that Bitfountain didnt release the exchange yet.


You go to the thread and claim your price. If someone goes in on it you search an escrow from here https://bitcointalksearch.org/topic/m.1180916
Then you will get a contract and a bitcoin address from the escrow. If you sent the money to the escrow the buyer will be informed and he will inform friedcat. Friedcat then puts the shares to your account. He needs an email, your bitcoin address for dividends and your forum name. He then informs you about the shares bound to your account and you can tell the escrow to release the btc.
I used john (the one with the puppy, its in the list too) and it went fine. If all is done you can give him a reward, because he does the escrow for free.
So friedcat is the one who tells you that you now own shares. Make sure its the real one and no scammer that created a new, duplicated account.

I am wondering, if I purchase shares here on the forum, how do I hold the shares?  I mean what sort of record is there for who is holding shares?  I am using BTC to purchase pass-through, but what if I purchase here on the forum?
Thanks.

You're not wrong.  Liquidity adds to the value of shares (provided there's no ceiling in place).  Being able to sell/trade them makes them worth more - you still have all the benefits you had when they were impossible/hard to trade and now also have the ability to sell them if you need/want to.  That increases demand - as people who wouldn't buy them if they were hard/difficult to sell (if necessary) now can/will.

I wish you luck in finding good and trustworthy employees.

Regarding the selling... i see it the same and thought about refraining too. Alternatively one could calculate if a price of 12 months mining income or so would be paid. Thats probably not a bad business then.

@beekeeper... it would have been way better if you hadnt come accusing Asicminer but instead asking for donations. This topic was completely unknown in this thread. At least i read the first time about it yesterday. And im sure some people will donate something. I will do this too, unfortunately the height of loss is way out of my league so i only will be a small help.

I trust your judgement on that. But please re-evaluate the situation frequently. It might be wise to still grab some marketshare of pre-orders from bfl...

That is called the Gaia hypothesis and no one believes it. Nothing to do with Darwinian evolution. See also: Medea hypothesis.

Sorry for being both pedantic and off-topic.

ASICMiner is helpful to Bitcoin by the mere fact that it is increasing the work done. If this is not enough, or is a problem, then there is something wrong with the "ecosystem". How this is affecting miners' profitability is completely irrelevant.

Monthly divs? ASICMINER is currently paying out weekly divs. DMC is monthly, but that's DMC and not directly ASICMINER.

Why monthly divs? Mining is probably only business where weekly dividends are a must.

It can progress step-by-step 130->65->28->14 nm, on each step sell ASIC of previous generation after deploy new generation ASIC. One step per 8-12 months it possible?

I don't think ASICMINER is going to jump from 120nm (or whatever it is now?) to 14nm..

Yep.

Charity is voluntary.

Coerced 'contributions' is theft.

This is Bitcoin. Not the Democratic Party of the USA.

-- edit --

I do sympathize with eleuthria.

However, he has no right to, nor has he asked for, 'taxation' on the overall community to cover his mistake.

It was a somewhat costly mistake. Been there, done that. Learn from it.

Good news. I hope what will using freon cooling in the future, for extreme overclocking. After slowdown the increase performance of chips of course (14nm, SOI, Tri-gate and etc.).

The 371 shares remain my property, but the dividends from those are spent towards the buyback and DMC dividends 50/50. If you're pricing DMC by dividend, you count all 1371 shares; if you're pricing by asset value, you count 1000 shares.

Are you saying that, as you buy back DMC shares, 11 shares of DMC will be worth more than 1 AM share?

Or does the buy-back and extra 371 only effect dividends?

No, I actually calculated it wrong. I calculated the buyback using the 1000 shares DMC owns, but not in addition to the 371 I'm using the dividends from to speed the DMC repair effort, but paid DMC dividends from the entire 1371. Its supposed to be 50/50, but I buy shares over time as prices fluctuate. What you claim as quarter of cash is closer to 1/8th and it was sitting on Bitfunder waiting for the order to be fulfilled, so it was still being used on buyback.

The actual difference should be 1000 shares worth of dividends buy back, 1371 shares worth of dividends paid as dividends.

Update

Status Quo
The PCB production of the main board and the power module has started. For safety the second batch has no changes with respect to the PCB design. However the mechanical parts will meet some improvements to cope with more heat introduced by possible aggressive overclocking.

The deploying of the first batch had met more stagnation since the rewiring for increasing of power capacity of the new place has still been going on since the last week. There are no accidents like fire or steal. Our devices are fused from the house level to the board level, and our workshops (both old and new) have both a public (district-based) and a private (building-based) security system. Most of the boards ran 24/7 without any dysfunction or slowdown. Sometime one or two PSUs may stop working but that's because in our original setting they are a way close to be overloaded.

Further Plans
We definitely will move to better technology. And in the next few years we will keep benefit from our design experience of IC and PCB boards, our accumulated contacts to the manufacturers, and not-yet-fully raised low costs in mainland China.

We contribute to the network security as all other miners do. If you think that miners are not necessary for the btc ecosystem then we are not. Objectively every single dime spent on mining devices by people inside the community reduces a little probability of Bitcoin being taken down by malicious organizations.

ASIC manufactures sell devices to miners. We are both an ASIC manufacture and a miner. Does this make us less useful and more evil than both?

Yes. We expect late April to be fully online, but that would require we successfully get enough right employees and there's nothing unexpected during the production process.

We expect a long-lasting, sharp and harsh difficulty rising therefore this will not likely to be a concern. If it becomes very fortunate for us that the difficulty climbs up slow, selling the devices at that moment at a low price as the current market price is not wise and too early. Refraining the hashpower for several days or weeks may be a better choice.