ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1252.

Akka

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Quote from: Gabit on February 27, 2013, 10:14:48 AM

@Friedcat:
A suggestion: could you start an official Asicminer announcement thread, where you have few people giving accurate info... this is getting awfully cluttered.

+1
I'm watching this thread solely to see the progress on ASICMINER.

To go through all this ramblings every time to look if there is an Update is really annoying.

Gabit

full member

Activity: 145

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Quote from: lophie on February 27, 2013, 08:43:30 AM

OK then how about buying (I am buying) 32 shares for 14BTC. So share @ 0.4375BTC. Any one selling Asicminer shares?

Hey guys.... I am really not trying to spam the thread or anything... sorry if it seemed otherwise Embarrassed

FYI. Tomorrow (28th: 00:00:00-23:59:59) is the blackout for transferring shares and if schedule holds up, after that you can then buy shares from Asicminers own trading platform.

Quote from: matauc12 on February 27, 2013, 08:42:18 AM

Quote from: EskimoBob on February 27, 2013, 08:18:05 AM

Quote from: 🏰 TradeFortress 🏰 on February 27, 2013, 07:25:37 AM

Quote from: creativex on February 27, 2013, 07:02:21 AM

Quote from: DiabloD3 on February 27, 2013, 06:19:46 AM

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

Curious why you believe BitFunder is trustworthy and BTCT.CO is not?

Security is probably a good reason.

Really? BitFunder is like a amateur hour compared to btct.co if you look at functionality, usability etc. I must have missed something. Can you please explain this "good reason" over here: https://bitcointalksearch.org/topic/btc-tc-virtual-community-exchange-closed-125629
I guess this voting system for blocking real garbage has caused some bad blood. Wink

yeah you probably missed the part in the post that said "security" (oops that was the whole post?)

Please continue this discussion somewhere else. Which is better, is of no concern to this thread. After GLBSE clusterfuck, is quite reasonable to have own trading platform.

@Friedcat:
A suggestion: could you start an official Asicminer announcement thread, where you have few people giving accurate info... this is getting awfully cluttered.

lophie

hero member

Activity: 924

Merit: 1003

Unlimited Free Crypto

OK then how about buying (I am buying) 32 shares for 14BTC. So share @ 0.4375BTC. Any one selling Asicminer shares?

Hey guys.... I am really not trying to spam the thread or anything... sorry if it seemed otherwise Embarrassed

matauc12

hero member

Activity: 658

Merit: 500

Quote from: EskimoBob on February 27, 2013, 08:18:05 AM

Quote from: 🏰 TradeFortress 🏰 on February 27, 2013, 07:25:37 AM

Quote from: creativex on February 27, 2013, 07:02:21 AM

Quote from: DiabloD3 on February 27, 2013, 06:19:46 AM

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

Curious why you believe BitFunder is trustworthy and BTCT.CO is not?

Security is probably a good reason.

Really? BitFunder is like a amateur hour compared to btct.co if you look at functionality, usability etc. I must have missed something. Can you please explain this "good reason" over here: https://bitcointalksearch.org/topic/btc-tc-virtual-community-exchange-closed-125629
I guess this voting system for blocking real garbage has caused some bad blood. Wink

yeah you probably missed the part in the post that said "security" (oops that was the whole post?)

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: 🏰 TradeFortress 🏰 on February 27, 2013, 07:25:37 AM

Quote from: creativex on February 27, 2013, 07:02:21 AM

Quote from: DiabloD3 on February 27, 2013, 06:19:46 AM

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

Curious why you believe BitFunder is trustworthy and BTCT.CO is not?

Security is probably a good reason.

Really? BitFunder is like a amateur hour compared to btct.co if you look at functionality, usability etc. I must have missed something. Can you please explain this "good reason" over here: https://bitcointalksearch.org/topic/btc-tc-virtual-community-exchange-closed-125629
I guess this voting system for blocking real garbage has caused some bad blood. Wink

SmiGueL

sr. member

Activity: 322

Merit: 252

Quote from: poly on February 27, 2013, 06:26:54 AM

Quote from: SmiGueL on February 27, 2013, 06:20:24 AM

I've created an automatically-updating graph with the hash speed of ASICMINER:

Interesting chart! Mind sharing how you made it?

I'm not too familiar with how google spreadsheet works

It's a Google Docs graph (click here for bigger size) which gets the data from this table.

I've created an Excel document which automatically imports the current hashrate of ASICMINER from btcguild.com, the current bitcoin difficulty, and the current bitcoin exchange rate.
With this I'm able to calculate my average daily profits, based on the number of shares I own.
_{(I don't expect it to be perfect, but it's nice to have an estimate )}
A macro in Excel automatically sends the values to the Google Docs document, which updates the image Tongue

Simply opening the Excel file a few times a day (or let it always open and auto-update) 'll do the trick

If someone have a script in Python which is able to do the same every hour please let me know, I have a Synology NAS which runs 24/7

🏰 TradeFortress 🏰

vip

Activity: 1316

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👻

Quote from: creativex on February 27, 2013, 07:02:21 AM

Quote from: DiabloD3 on February 27, 2013, 06:19:46 AM

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

Curious why you believe BitFunder is trustworthy and BTCT.CO is not?

Security is probably a good reason.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: DiabloD3 on February 27, 2013, 06:19:46 AM

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

Curious why you believe BitFunder is trustworthy and BTCT.CO is not?

poly

member

Activity: 84

Merit: 10

Weighted companion cube

Quote from: SmiGueL on February 27, 2013, 06:20:24 AM

4.7TH/s and it seems to increase slowly

I've created an automaticly-updating graph with the Hash speed of ASICMINER:

Also the BTC/day can be calculated based on the current hash speed, since the difficulty is known. But I think it's more reliable to take the 'blocks found' on BTCGuild and count them every day Tongue

(which also isn't very reliable when having peaks and gaps in the graph..)

Since I've created this sheets a few days ago, the stats of the first weeks were based on comments from the forum here Tongue

, but it 'll give a nice view of the hashrate over the last weeks

It will be updated a few times a day.

Interesting chart! Mind sharing how you made it?

I'm not too familiar with how google spreadsheet works

SmiGueL

sr. member

Activity: 322

Merit: 252

4.7TH/s and it seems to increase slowly

I've created an automatically-updating graph with the hash speed of ASICMINER:

Also the BTC/day can be calculated based on the current hash speed, since the difficulty is known. But I think it's more reliable to take the 'blocks found' on BTCGuild and count them every day Tongue

(which also isn't very reliable when having peaks and gaps in the graph..)

Since I've created this sheet a few days ago, the stats of the first weeks were based on comments from the forum here Tongue

, but it 'll give a nice view of the hashrate over the last weeks

It will be updated a few times a day.

DiabloD3

legendary

Activity: 1162

Merit: 1000

DiabloMiner author

Quote from: EskimoBob on February 27, 2013, 04:33:25 AM

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?

No one really trusts btct.co. I'd rather see it on BitFunder.

matauc12

hero member

Activity: 658

Merit: 500

Quote from: ?? on ??

Quote from: DutchBrat on February 27, 2013, 05:06:59 AM

Quote from: ?? on ??

After GLBSE being cautious is smart. I hope friedcat has his own exchange for these shares even if we have to wait a few more months.

That's all very nice, but Friedcat has said the platform would be up and running by the end of Jan.... then before the 1st dividend payment.... so I still expect an exchange to be announced tomorrow

I do not expect it as he is asking new buyers of ASICMiner for a BTC address. I'm going to guess this is for manual dividend payments.

However this does not bother me at all as friedcat beat BFL and more or less Avlon. friedcat is doing a great job and I am looking forward to the first dividend.

He also asked every old shareholders.

And to everyone being skeptic or just unable to abstract from "platform will be released before dividend" and "dividend next week".... Stop being so childish and require a word for word and use your brain. Of course there is always the possibility of a delay, just as much as if he said "platform out tomorrow". Damn, I'm not saying we know everything we should, but that part was pretty f'ing clear.

poly

member

Activity: 84

Merit: 10

Weighted companion cube

Quote from: lophie on February 27, 2013, 06:10:37 AM

Just to clarify. I am willing to buy not to sell. Thanks.

Just a PSA: This is actually a pretty bad price, you're able to sell them for more if you post in the Auctions section.

But if you're happy with the price then there isn't really any problem selling it to lophie if you want it now :)

lophie

hero member

Activity: 924

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Unlimited Free Crypto

Just to clarify. I am willing to buy not to sell. Thanks.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: ?? on ??

After GLBSE being cautious is smart. I hope friedcat has his own exchange for these shares even if we have to wait a few more months.

That's all very nice, but Friedcat has said the platform would be up and running by the end of Jan.... then before the 1st dividend payment.... so I still expect an exchange to be announced tomorrow

EskimoBob

legendary

Activity: 910

Merit: 1000

Quality Printing Services by Federal Reserve Bank

Quote from: asnonmous on February 27, 2013, 01:57:17 AM

Quote from: DutchBrat on February 27, 2013, 01:28:24 AM

Quote from: ianbakewell on February 27, 2013, 01:22:23 AM

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

That is indeed what Friedcat has said before..... Trading platform would be up and running before the 1st dividend payment....
He also has stated on multiple occasions that it would be a 3rd party solution closely affiliated to them....so it would seem that development of the platform would in no way hinder the deployment as it is done by someone else....

He didn't mention it in his last post, so I doubt it is going to be present.

Quote from: matauc12 on February 27, 2013, 12:58:03 AM

Quote from: poly on February 26, 2013, 11:48:44 PM

Quote from: creativex on February 26, 2013, 11:43:34 PM

Quote from: keystroke on February 26, 2013, 11:22:54 PM

friedcat, do we know when the share trading platform will come online? (Of course getting up boards is the priority.) Does anyone know the fair market price? I saw some trade at .38 recently. Thanks!

They've traded @ up to .52 recently.

https://bitcointalk.org/index.php?topic=144676.20

Because the exchange isn't up and there are no pasthroughs, I think the value of ASICMINER shares will drop once there are convenient trading methods & more liquidity.

Actually those create demand. Also, with no easy way and micro transactions its a sellers market. So both those things suggest the opposite. Also, the current valuation seems to be around the assumption of 1/8th of the network, but there is the very real possibility of 1/4th soon enough. It also assumes stable price and as we all know, this is a longer term investment in a deflatory currency.

Seriously, there is not many factors that count towards price drop and so many towards increase. Of course its all speculation, but saying its overvalued is far from an educated guess.

And to everyone directly asking friedcat when the platform will be released, he states that very thing in his very last post. The 28th.

That was using the original, probably-optimistic timetable.

I wish we could be sure we'd have close to 1/4 of the network for an extended period of time. But it isn't good to evaluate a company based on rosy-colored numbers like that. 1/10th is what they set out to target; 1/10th is a more reasonable conservative estimate. The competition is not going to wait forever to bite into the ASIC profits.

Pff... this is a total waste of team's time and investors money.

Maybe this is answered in previous 100 pages of posts... Why can't they use https://btct.co/ ?
It has all the functionality they need, they will have the complete list of virtual shareholders etc. etc.
If you are a ASIC chip engineer and mining rig builder, stick to your competence

lophie

hero member

Activity: 924

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Unlimited Free Crypto

Hello. Anyone wants to trade 13BTC for 32 shares of Asicminer? Pm me please.

asnonmous

newbie

Activity: 35

Merit: 0

Quote from: DutchBrat on February 27, 2013, 01:28:24 AM

Quote from: ianbakewell on February 27, 2013, 01:22:23 AM

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

That is indeed what Friedcat has said before..... Trading platform would be up and running before the 1st dividend payment....
He also has stated on multiple occasions that it would be a 3rd party solution closely affiliated to them....so it would seem that development of the platform would in no way hinder the deployment as it is done by someone else....

He didn't mention it in his last post, so I doubt it is going to be present.

Quote from: matauc12 on February 27, 2013, 12:58:03 AM

Quote from: poly on February 26, 2013, 11:48:44 PM

Quote from: creativex on February 26, 2013, 11:43:34 PM

Quote from: keystroke on February 26, 2013, 11:22:54 PM

friedcat, do we know when the share trading platform will come online? (Of course getting up boards is the priority.) Does anyone know the fair market price? I saw some trade at .38 recently. Thanks!

They've traded @ up to .52 recently.

https://bitcointalk.org/index.php?topic=144676.20

Because the exchange isn't up and there are no pasthroughs, I think the value of ASICMINER shares will drop once there are convenient trading methods & more liquidity.

Actually those create demand. Also, with no easy way and micro transactions its a sellers market. So both those things suggest the opposite. Also, the current valuation seems to be around the assumption of 1/8th of the network, but there is the very real possibility of 1/4th soon enough. It also assumes stable price and as we all know, this is a longer term investment in a deflatory currency.

Seriously, there is not many factors that count towards price drop and so many towards increase. Of course its all speculation, but saying its overvalued is far from an educated guess.

And to everyone directly asking friedcat when the platform will be released, he states that very thing in his very last post. The 28th.

That was using the original, probably-optimistic timetable.

I wish we could be sure we'd have close to 1/4 of the network for an extended period of time. But it isn't good to evaluate a company based on rosy-colored numbers like that. 1/10th is what they set out to target; 1/10th is a more reasonable conservative estimate. The competition is not going to wait forever to bite into the ASIC profits.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: ianbakewell on February 27, 2013, 01:22:23 AM

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

That is indeed what Friedcat has said before..... Trading platform would be up and running before the 1st dividend payment....
He also has stated on multiple occasions that it would be a 3rd party solution closely affiliated to them....so it would seem that development of the platform would in no way hinder the deployment as it is done by someone else....

Deprived

hero member

Activity: 532

Merit: 500

Quote from: ianbakewell on February 27, 2013, 01:22:23 AM

You have to dig for it but a while back friedcat said the platform would be available for the first dividend payment.

For ages he said the platform would be ready before first dividend. But this is BTC land - where deadlines come and go without explanation.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1252. (Read 3917591 times)