ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1246.

Ukyo

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Quote from: ineededausername on March 03, 2013, 05:56:45 PM

Quote from: ianbakewell on March 03, 2013, 05:46:31 PM

Do either of them have the shares backing them confirmed by friedcat yet?

Soon, 5000 of my shares will be transferred to the Bitfunder PT's official account, but as the manager of the asset is asleep at the moment, I cannot do that yet. Right now, I am prohibited from withdrawing my coins from Bitfunder (Ukyo can confirm) until I transfer the shares.
As for the one on BTCTC, I can only comment that it's covered by calls, not shares at the moment.

INAU's account has indeed been locked down until Friedcat confirms the actual transfer.

And yes, his identity and account was fully verified.

He was already confirmed by the dividend test:
http://blockchain.info/tx-index/57258028/21ae1a92ff3e288fd97b26a5d2cee8e820419f5c5f08160f7b99a30e9195e001
1MDypx was sent .00010081

SebastianJu

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Quote from: LazyOtto on March 03, 2013, 04:57:03 PM

Quote from: SebastianJu on March 03, 2013, 02:31:49 PM

So when its physical work then please get some professional workers, maybe 10 or 20 and let them help.

Yep.

We've all seen management demand that baby be produced in one month instead of nine.

"Just add more workers, I don't care what you're claiming the bottleneck is."

Its not that i claim to throw manpower onto it regardless what the problem is. But without knowing what the bottleneck is i has to guess its something related to electric handwork. The software runs and is mining like we see, so it has to be physical work. And i dont think that its a so very special task that no worker form outside can do it.

ineededausername

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bitcoin hundred-aire

Quote from: ianbakewell on March 03, 2013, 05:46:31 PM

Do either of them have the shares backing them confirmed by friedcat yet?

Soon, 5000 of my shares will be transferred to the Bitfunder PT's official account, but as the manager of the asset is asleep at the moment, I cannot do that yet. Right now, I am prohibited from withdrawing my coins from Bitfunder (Ukyo can confirm) until I transfer the shares.
As for the one on BTCTC, I can only comment that it's covered by calls, not shares at the moment.

edit: G4rv3D9Pd7azG+mw8hC5P+v+MJNVjzuDiHaaeYbjfh1UNvVxQ6AZXqWMMYzoLNgycOqbcE9wTEQF5YG+ESiHBq0=
"ineededausername owns this address" -- 1MDypxCYTtaCp56Lqfc7BxuDFNsRFK9h5E -- received 10081 satoshis in the dividend payment test

burnside

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Lead Blockchain Developer

Ditto for https://btct.co/security/ASICMINER-PT Wink

ineededausername

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

asicminer shares being sold on a passthrough, in case anyone feels like buying any on bitfunder

LazyOtto

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Quote from: SebastianJu on March 03, 2013, 02:31:49 PM

So when its physical work then please get some professional workers, maybe 10 or 20 and let them help.

Yep.

We've all seen management demand that baby be produced in one month instead of nine.

"Just add more workers, I don't care what you're claiming the bottleneck is."

SebastianJu

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Quote from: DutchBrat on March 03, 2013, 11:12:39 AM

I doubt it is as simple as putting the asics on a pcb and starting it, but something does seem to stall them from deploying...
5TH so far seems to be the max. I surely hope the drops in hashrate we see are not asics dying... btw ddid we ever heqr if the 2nd batch of the 1st wafers had been bumped already....if not, that might be the holdup in deploying....a lack of asics

I think friedcat would have said a word if so many asics are dying. So i think they only have 7TH/s worth in asics lying there not hashing. And i think friedcat wrote some weeks ago that the second batch will be delivered faster than though and in the last month already. So maybe the second batch is already there but the speed is the problem that prevents that this batch can go online.

But i really would like to know what the stall is. Friedcat already wrote they have to change some connectors or so. But even then... how much time can this eat? A quarter hour? For one person? I dont get what the timeeater is. But it has to be physical work. Because the software works. We can see it. So when its physical work then please get some professional workers, maybe 10 or 20 and let them help. Or is there a reason that cant be done? Please friedcat can you go into detail here?

phantastisch

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Quote from: ineededausername on March 03, 2013, 02:08:22 PM

People are now bidding .65 for shares of a 95%-dividend passthrough on btctc... amazing.

Non-selling Asicminer Shareholder not affected.

ineededausername

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People are now bidding .65 for shares of a 95%-dividend passthrough on btctc... amazing.

ineededausername

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Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: DutchBrat on March 03, 2013, 11:12:39 AM

Quote from: SebastianJu on March 03, 2013, 10:10:39 AM

Quote from: friedcat on March 01, 2013, 08:03:10 AM

Inhouse by us and our partners/employees/temps:
Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

So these are the points that takes some time. The hashrate is going up and down so probably you are taking one of the pcbs with asics out of the rack or take it away from mining often. What i wonder is why that is done. I mean they seem to mine already. So do you take it out to make them hash some percent more only? If thats the case wouldnt it be better to make a quick and maybe not perfect work to put all the pcbs into the rack first, let them mine altogether at a not perfect hashrate and THEN try to optimize it?

I mean when i think about you have all the asics, pcbs and so on and all the manpower... it looks to me like you only have to put the asics on the pcb, put it in the rack, start this pcb to mine and all goes well. That doesnt sound as so much work like you seem to do. Especially with the manpower you have. So what exactly is the workstep that is slowing down everything? That all depends on?

I doubt it is as simple as putting the asics on a pcb and starting it, but something does seem to stall them from deploying...
5TH so far seems to be the max. I surely hope the drops in hashrate we see are not asics dying... btw ddid we ever heqr if the 2nd batch of the 1st wafers had been bumped already....if not, that might be the holdup in deploying....a lack of asics

All of the first batch is here now, as far as I can tell. The process for putting asics up is a bit complicated and comes in spurts, as they set up entire racks before putting the entire thing online. I have a feeling we will grow to around 6 TH/s at least soon.

DutchBrat

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Quote from: SebastianJu on March 03, 2013, 10:10:39 AM

Quote from: friedcat on March 01, 2013, 08:03:10 AM

Inhouse by us and our partners/employees/temps:
Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

So these are the points that takes some time. The hashrate is going up and down so probably you are taking one of the pcbs with asics out of the rack or take it away from mining often. What i wonder is why that is done. I mean they seem to mine already. So do you take it out to make them hash some percent more only? If thats the case wouldnt it be better to make a quick and maybe not perfect work to put all the pcbs into the rack first, let them mine altogether at a not perfect hashrate and THEN try to optimize it?

I mean when i think about you have all the asics, pcbs and so on and all the manpower... it looks to me like you only have to put the asics on the pcb, put it in the rack, start this pcb to mine and all goes well. That doesnt sound as so much work like you seem to do. Especially with the manpower you have. So what exactly is the workstep that is slowing down everything? That all depends on?

I doubt it is as simple as putting the asics on a pcb and starting it, but something does seem to stall them from deploying...
5TH so far seems to be the max. I surely hope the drops in hashrate we see are not asics dying... btw ddid we ever heqr if the 2nd batch of the 1st wafers had been bumped already....if not, that might be the holdup in deploying....a lack of asics

DiabloD3

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Quote from: wachtwoord on March 03, 2013, 10:19:36 AM

Trust me. there is a vast amount of better investments than 0.1 % short term bonds AAPL is holding. If this is truly what AAPL believes they are ignorant and shareholder unfriendly.

Thats the first step to not investing in Apple. Be proud of yourself, support your local startups.

wachtwoord

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Trust me. there is a vast amount of better investments than 0.1 % short term bonds AAPL is holding. If this is truly what AAPL believes they are ignorant and shareholder unfriendly.

DiabloD3

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Quote from: wachtwoord on March 03, 2013, 10:07:38 AM

Quote from: DiabloD3 on March 03, 2013, 10:00:48 AM

Quote from: wachtwoord on March 03, 2013, 09:59:38 AM

If AAPL kan invest the money better, what the hell is it doing with 130 billion $ in cash and short term investments?

I think you didn't read what I wrote. Apple doesn't believe there is a good investment out there, thus is sitting on the cash instead. Its better to sit on it than burn it doing dumb shit.

I think you didn't read what I wrote. AAPL is sitting on the cash because they don't see other good investments and should start returning the cash to shareholders because they will be able to earn a better return on it than under AAPL's mattress. And alas AAPL has started a dividend last year. I'm not sure what portion of the cash is in non-us subsidiaries and therefore liable tax) but if I were a shareholder I'd prefer a large special dividend.

Except you're implying shareholders can find better investments. I think Apple might be actually correct in this, there aren't any better investments.

And yes, now that Steve Jobs is dead, Apple is slowly turning into yet another dying pointless tech company and has begun issuing dividends; although, arguably, Apple died the day people like Woz left Apple.

SebastianJu

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Quote from: friedcat on March 01, 2013, 08:03:10 AM

Inhouse by us and our partners/employees/temps:
Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.

So these are the points that takes some time. The hashrate is going up and down so probably you are taking one of the pcbs with asics out of the rack or take it away from mining often. What i wonder is why that is done. I mean they seem to mine already. So do you take it out to make them hash some percent more only? If thats the case wouldnt it be better to make a quick and maybe not perfect work to put all the pcbs into the rack first, let them mine altogether at a not perfect hashrate and THEN try to optimize it?

I mean when i think about you have all the asics, pcbs and so on and all the manpower... it looks to me like you only have to put the asics on the pcb, put it in the rack, start this pcb to mine and all goes well. That doesnt sound as so much work like you seem to do. Especially with the manpower you have. So what exactly is the workstep that is slowing down everything? That all depends on?

MrTeal

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Quote from: DiabloD3 on March 03, 2013, 10:00:48 AM

Quote from: wachtwoord on March 03, 2013, 09:59:38 AM

If AAPL kan invest the money better, what the hell is it doing with 130 billion $ in cash and short term investments?

I think you didn't read what I wrote. Apple doesn't believe there is a good investment out there, thus is sitting on the cash instead. Its better to sit on it than burn it doing dumb shit.

Oh the irony...

wachtwoord

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Activity: 2324

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Quote from: DiabloD3 on March 03, 2013, 10:00:48 AM

Quote from: wachtwoord on March 03, 2013, 09:59:38 AM

If AAPL kan invest the money better, what the hell is it doing with 130 billion $ in cash and short term investments?

I think you didn't read what I wrote. Apple doesn't believe there is a good investment out there, thus is sitting on the cash instead. Its better to sit on it than burn it doing dumb shit.

I think you didn't read what I wrote. AAPL is sitting on the cash because they don't see other good investments and should start returning the cash to shareholders because they will be able to earn a better return on it than under AAPL's mattress. And alas AAPL has started a dividend last year. I'm not sure what portion of the cash is in non-us subsidiaries and therefore liable tax) but if I were a shareholder I'd prefer a large special dividend.

DiabloD3

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Activity: 1162

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DiabloMiner author

Quote from: wachtwoord on March 03, 2013, 09:59:38 AM

If AAPL kan invest the money better, what the hell is it doing with 130 billion $ in cash and short term investments?

I think you didn't read what I wrote. Apple doesn't believe there is a good investment out there, thus is sitting on the cash instead. Its better to sit on it than burn it doing dumb shit.

wachtwoord

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Activity: 2324

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If AAPL kan invest the money better, what the hell is it doing with 130 billion $ in cash and short term investments?

DiabloD3

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Activity: 1162

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DiabloMiner author

Quote from: wachtwoord on March 03, 2013, 08:29:01 AM

Quote from: DiabloD3 on March 03, 2013, 07:51:29 AM

Quote from: poly on March 03, 2013, 06:02:07 AM

Quote from: DiabloD3 on March 03, 2013, 06:00:32 AM

Quote from: Monster Tent on March 03, 2013, 02:07:19 AM

Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.

Dividends arent the main game.

I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.

Yep, dividends are certainly nice but ASICMINER is a great investment even without it. Kinda like how Apple didn't initially issue dividends?

Steve Jobs never believed in dividends and thought investors who chased those were idiots, and didn't want idiots investing in his company. Most of the best businessmen in history believe(d) only idiots chased dividends as well, including Warren Buffet, although its uniquely Steve Jobs that only wanted smart people investing in his company.

Buffet likes stockholder friendly companies that use excessive cash flow to pay a dividend. If the company can invest it better than the shareholder (many companies think that, most just destroy value) they shouldn't pay dividends but instead invest the money, because this would bring maximum return for the shareholder. This is why BRK does not pay a dividend. Buffet think he can invest the money better than his shareholders (BRK is an (re)insurer/investment-firm conglomerate for crying out loud, although imo they should probably let others lead the reinsurance business).

TLDR: Dividends are generally nice.

It depends on the company. I think Apple CAN reinvest the money better, for example. Case in point, they have a lot of cash sitting around earning very little because there are no good investments, everything out there would just be a waste of capital.

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