ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1283.

scrybe

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Quote from: matauc12 on January 20, 2013, 01:55:03 PM

Quote from: punin on January 20, 2013, 09:42:53 AM

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?

I don't see the correlation between a competitors shipment and the availability of that information.

If I have 3 apples, how many oranges do you have?

I'm getting 2 oranges tomorrow, since we are comparing fruit delivery timetables. I'm glad you already have your apples, enjoy them.

Same thing with ASIC, the question could be stated as "Since your competitor has just achieved a milestone, we would like and update with regards to the next milestone we can expect from this project."

This is an EXTREMELY common question in the IT business, I doubt it is that unusual in most cases where you have innovators competing to ship a new innovation.

Framing is important, so let me ask it like this:
Freidcat, would you please post an brief note on what the current status of the project is and when the next milestone worth announcing will happen? Thanks!

DutchBrat

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Quote from: matauc12 on January 20, 2013, 01:55:03 PM

Quote from: punin on January 20, 2013, 09:42:53 AM

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?

I don't see the correlation between a competitors shipment and the availability of that information.

If I have 3 apples, how many oranges do you have?

There is NO correlation, but nonetheless would still be nice to know.... And presumably not too difficult to answer....

matauc12

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Quote from: punin on January 20, 2013, 09:42:53 AM

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?

I don't see the correlation between a competitors shipment and the availability of that information.

If I have 3 apples, how many oranges do you have?

punin

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Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?

keystroke

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advocate of a cryptographic attack on the globe

Quote from: SebastianJu on January 18, 2013, 07:14:23 PM

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.

+1

matauc12

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Quote from: SebastianJu on January 17, 2013, 06:25:04 PM

Quote from: DiabloD3 on January 17, 2013, 08:43:39 AM

Quote from: MPOE-PR on January 17, 2013, 08:30:39 AM

Quote from: friedcat on January 17, 2013, 07:42:49 AM

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

But it was pretty clear from the start that you invest as a shareholder in asicminer and that the chips from bfl has to be created first. That wasnt hidden. So everyone who bought there played the game and lost. That happens. But i dont think thats a reason to blame bfl. They are late but that was part of the things that can happen from the start.

The thing is, in North America you are not allowed to accept payment for an item that is not ready to ship. You probably noticed that if you order something backordered they will refund the payment and recharge once they receive the item and ship (if payment was cleared at checkout, if not they will just charge later). Or when you preorder something (a PS3 game for example) you merely save your place in queue and they charge on the release date. BFL was not allowed to take the money before building the rigs. And they knew it too, because I initially ordered some and they were saying "no refunds", and I just emailed saying I want a refund because it is not legal and I would pursue ligitigation if they refused. Next day, full refund no questions asked. That people knew or not that the items were not ready does not make taking money first then manufacture legal. So yeah, they are to blame to use illegal practice to run their business.

samson

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Do we know if any blocks have been mined using ASIC devices yet, even if it's only a test on a prototype board ?

midnightmagic

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Ah, there we go. I just received a reasonable-looking email confirming shares, and bitcoin address.

novusordo

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Quote from: SebastianJu on January 18, 2013, 07:14:23 PM

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.

Even if he doesn't get around to all the shares before the ASICs are up and running, he will know how much BTC to keep for the unconfirmed shares.

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.

midnightmagic

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I also have not had my shares confirmed yet.

niko

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There is more to Bitcoin than bitcoins.

Quote from: friedcat on January 17, 2013, 08:36:11 PM

Quote from: niko on January 17, 2013, 09:30:37 AM

Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

Quote from: niko on January 10, 2013, 03:32:23 AM

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

Huh

Please clarify.

Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted.

Thanks. This is what the contract states, but there were some confusing interpretations in the thread, so it needed clarification.

friedcat

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Quote from: niko on January 17, 2013, 09:30:37 AM

Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

Quote from: niko on January 10, 2013, 03:32:23 AM

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

Huh

Please clarify.

Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted.

Deprived

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Quote from: Naelr on January 17, 2013, 07:10:08 PM

Quote from: phantastisch on January 17, 2013, 09:20:19 AM

Are you still confirming shares? I am still waiting.

As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well

it is close!!!!

Naelr

He's still confirming them - only got my confirmation email of how many shares I have this week.

Naelr

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Quote from: phantastisch on January 17, 2013, 09:20:19 AM

Are you still confirming shares? I am still waiting.

As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well

it is close!!!!

Naelr

SebastianJu

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Legendary Escrow Service - Tip Jar in Profile

Quote from: DiabloD3 on January 17, 2013, 08:43:39 AM

Quote from: MPOE-PR on January 17, 2013, 08:30:39 AM

Quote from: friedcat on January 17, 2013, 07:42:49 AM

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.

But it was pretty clear from the start that you invest as a shareholder in asicminer and that the chips from bfl has to be created first. That wasnt hidden. So everyone who bought there played the game and lost. That happens. But i dont think thats a reason to blame bfl. They are late but that was part of the things that can happen from the start.

SgtSpike

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Quote from: irritant on January 17, 2013, 02:32:14 PM

Quote from: SgtSpike on January 17, 2013, 01:07:27 PM

Quote from: MPOE-PR on January 17, 2013, 08:30:39 AM

Quote from: friedcat on January 17, 2013, 07:42:49 AM

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

I thought this was because the shareholders are actual shareholders in Avalon? With BFL, the preorders are just that - preorders.

typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)

Typo! Whoops, will go correct my post.

irritant

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Sodium hypochlorite, acetone, ethanol

Quote from: SgtSpike on January 17, 2013, 01:07:27 PM

Quote from: MPOE-PR on January 17, 2013, 08:30:39 AM

Quote from: friedcat on January 17, 2013, 07:42:49 AM

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

I thought this was because the shareholders are actual shareholders in Avalon? With BFL, the preorders are just that - preorders.

typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: MPOE-PR on January 17, 2013, 08:30:39 AM

Quote from: friedcat on January 17, 2013, 07:42:49 AM

However, the shareholders of ASICMINER are always in a better place

Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.

I thought this was because the shareholders are actual shareholders in ASICMINER? With BFL, the preorders are just that - preorders.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:

Quote from: niko on January 10, 2013, 03:32:23 AM

After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -

(1) 1/400`000 per share, regardless of X, or

(2) 1/(200`000+X) per share, or

(3) 1/(2X) per share

Huh

Please clarify.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1283. (Read 3917531 times)