Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1259. (Read 3917058 times)

Im not sure when the chinese government will think its prudent to do so. I guess its like asking why the US convinced the saudis to price oil in USD.

Given how small the Bitcoin economy is, how would it really benefit them?  How many of you would hoard your BTC, buy BTC or continue mining if China took control of the network?  

For that reason it is important to disperse the hashing power all around the globe. Then no single government has that kind of power - at least they'd need to employ the military instead of the police.

If bitcoin becomes big enough I wonder when the chinese government will realise they could be one police  raid away from controlling the majority of the bitcoin network ?

We dont need another person like Inaba or MPOE-PR

Avalon previously said that they were assembling around 12 units a day.  They said that they had shipped a batch of 53 before CNY but it likely didn't clear customs before then - it might be those units which have now reached end users.  If Avalon is smart, they've continued assembling units over CNY and should have quite a few ready to ship now the holiday period is over.

I think what people want from friedcat is a timeline for bringing the rest of the 12 TH online.  I understand his reluctance to give one.  We've already seen how people take "we hope to" statements as if they were set in concrete, and it probably is best to not get sucked into that game.

So the ones at ozcoin really are avalonusers. I wondered about that since the avalon user thread became active more and more.

But what i wonder about is that till now only a fraction of the 12TH are online. And it looks like they now have 3,6TH online. 8 days before it was 2TH. So 0.2TH per day came online. That means a problem. The 12TH would be online in 42 days. Not to say something about the 50TH coming in some days.

I think something mus happen here. I wonder whats the thing thats eating so much time and if this step cant be changed, outsourced or whatever because the speed now wont lead to success.

I wonder how avalon did the same in a much shorter timeframe if they really were able of sending out so many items in so short time? Did they manufacture everything ready to go at a factory?

This must be a nightmare for you then... my personal rack 

Props to you ASICMINER for being the first company to widely manufacturer & deploy ASICS 

I digress, but as a Sysadmin... gotta make sure everything is colour coded and wired cleanly on the Racks .

On Topic...

Glad to hear Dividends are coming out soon. I don't recall reading of this - but is there a location we can read the total dividend accumulation or just ballpark it based on btcguild + shares found?

-VJ

PR is totally useless for a company like ASICMINER, because ASICMINER doesn't need any realation to the "public".

I think you just mean more information for the shareholders, which can be achieved much cheaper, than some
overprised PR-Guy.

Has to be - like as personal assistent for communication i.e. secretary

Needs to be at the location. Remote PR is useless.

Yes - and I just wanted to point it out. However, the fact that the correction factor itself is competitive was not obvious to me.

I recommend the boardmembers get together and vote for a official spokesperson who can be reached easier.
This company is being valued depending on which trade you follow around 5,4 million $.
Time for a hole PR team  

Could you please confirm the email address where the share confirmations came from so I can run a search.

Does that mean that the trading platform will be online before next Thursday?

If I remember correctly you have stated that the tradin platform would be brought online before the 1st dividend payment...

Does that mean those large hashers on Ozcoin are someone other than ASICMINER?

Update

Progress
The deploying is on its track. It's slowing down because we have been doing a new round of preparation. The reason why the first 3T went online so quickly, is that we did a lot of work during the unexpected delay of assembling delivery.

We are currently putting all of our hashpower on btcguild. We will split the hashpower (if/when) other major pools make corresponding adaptions to very large workloads in the next week. We tested on other pools but it seems that they had difficulty setting being a bottleneck for such a flood of hashpower at that time.

Self-mining is an option but not emergent plan. Besides having fluctuation and being the target for cyber attack, we do not want to be involved in voting with our portion of the network yet.

The original timeline is to deploy everything before March, but as our next order of wafers are going to be out of fab sooner than expected, the deploying of first and second batch will be closely one by one and we will be busy till all of them are online (and of course will still busy afterwards with new-gen chips).

Financials
The Bitcoin mined from the start are already more than enough to pay the urgent expenses and debts. Dividend payment will start in next Thursday. To avoid the time conflict of trading and dividend payment, please stop/delay the trading requests during Feb 28, 2013, 00:00:00 to Feb 28, 2013, 23:59:59 (forum time) so we can process all of older trading requests before the payment.

And please, make confirmation to me (friedcat on forum, or [email protected] by mail) after the trade is finished.

The second public financial brief (first one was in last year) will also be given with the dividend payment. Here is what in our mind for achieving the transparency of financials:

Dividend payment: weekly on the blockchain, with the transaction id being public.
Pubic balance sheet: per quarter (fourth a year).
Balance sheet for shareholders: per month, or on demand by board members.
Income and expense details for board members: on demand, after the accountant is ready.
Auditing: sent by board members on demand. Also, professional auditing organizations may be invited in the future when seeking new investments.

All confirmation letters had been sent more than one month ago. Please check your spam folder if you did not find it. And please PM/mail me if you still could not.

Although all that is true, I was tempted to believe the naive part would be to NOT know that. Also important to note, whatever you make more is corrected in future difficulties. So you do make that 600btc earlier, but end up with close to the same total once you hit your max TH/s for 1whole difficulty.