Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1288. (Read 3917531 times)

Can we see photos of your ASIC hardware, please.

Don't forget price per BTC  . That is the riskier part. But the most profitable 

If that is the case, I think I would like some of that action, depending when they would become available. 6 x 60 GH/s sounds about right. Hoping that shareholders get the preferential treatment


Let's say that ASICMINER takes 1/3 of TotalNetworkHashPw and so network total is 26/TH (ASICMINER would have 6TH in this case, and rest of the network 20TH), BTC / day = 3600, so one share would generate 1.095BTC / year (3600/3 * 365 / 400 000) - expenses. Traditional investor would think 10% return of investment / year a very decent profit, it would make a share price of 10,95 BTC / share. As it is risky, lets quadruple it to 40% return, so share price now would be 2,7375 BTC.

Even if this is a very rough estimate, there is still quite large space left for improvement. For example if ASICMINER would take 37.5% of TotalNetworkHashPw and investors would only want 20% return, it would take price to 6,16 BTC / share.

This is just a speculation, the reality will not be seen until we can trade shares again, but I think 1 BTC /share is bit on a cheap side.

edit: and, we have to remember that mining wasn't the only profit generator here.

Since all* the shares are owned, that really depends on what price people are willing to sell them to you at...

Any estimate for the shares price once the mining starts?

Also not received an email confirming my shares  - but not worried as friedcat did say he'd not finished them due to the hardware arriving.

Will be interesting to see how many BFL pre-orders get cancelled soon as ASICMINER starts mining - as when the chance to be first mining vanishes there's no real reason to pay the heavily inflated prices first batches of ASICs are being sold for (to cover development costs).  Am hoping friedcat announces target price-points before long - so as to try to grab some of the orders currently sitting with BFL etc.  As the mining should get back development costs, BitFountain should be able to come in at prices around 1/3 the GH/s per $ cost BFL are trying to charge and still make a nice profit if my rough calculations are right.

*If* taking an ideological position a position that appreciates the intended design outcomes of bitcoin neither mining corporations or corporations that sell *overpriced* mining gear are good for bitcoin.  For varying reasons.

Being able to invest or hold equity (which ASICMiner really isn't a true equity stake) in a mining corporation is 'a good thing' only in so far as the individual being able to capitalize on a phenomena that degrades the anti-trust model that proof of work supports.

Not if it brings the value of Bitcoin down so our dividends are worthless...

I, too, have not received an email regarding my shares of ASICMINER.

Such a statement has not been made.

At least a couple of people have announced receiving such an email.

Like you, I have yet to receive a confirmation email.

Haven't been paying attention much over the holidays, but have all shareholders been confirmed? I still have not received any emails.

It is for ASICMINER shareholders 

Wait, so you're saying that a single entity controlling a large amount of hashrate is better for Bitcoin than many individuals receiving units and having that large amount of ASIC hashpower distributed across many people?

Huh?

If you don't find out before they switch them on - I offer you 10% of the BTC value the day before they switched them on
10% is way higher than worthless

+1

Kudos to friedcat if he gets these things running before avalon or bfl....  nicely done sir!

In regards to the concerns over abuse of the massive hashing power ASICMINER is about to have:

This is essentially the best possible outcome for the ASIC race. Somebody has to be the first one to market with ASICs, and it's fantastic that it will probably be ASICMINER. Why? It's the only manufacturer of ASIC mining hardware that took investments from the average bitcoiner, making it easy for anybody to benefit from this technology leap we're about to take.

If a private company was the first to get ASICs out, and it mined for itself, there would be (a small amount of) justified concern. Even then, it's more profitable to contribute to the network than to attack it.

ASICs are the last big jump Bitcoin is going to take with mining. After the first ASICs are out, the only improvements that can be made are those of die size, and the actual design of the chips and other hardware.

(I realize that some sort of technological advancement such as quantum computing could prove this wrong, but Bitcoin as a whole is probably fucked at that point.)

[CPU -> GPU -> FPGA -> ASIC -> Better ASICs -> Better ASICs -> Better ASICs]

This race to be the first to market is the most important race for mining hardware that Bitcoin will ever see. As long as friedcat keeps his word, we're very well off. The only reason he would have to not keep his word is if he wanted to destroy Bitcoin, and didn't care about making money.

Buckle up, because we will soon be witnessing the greatest jump in hashrate (percentage-wise) that the Bitcoin network will ever see. Luckily for Bitcoin, this is a good way to make that jump.

I wish I has records of since when and why people are on my ignore list.
... He was already on my ignore,

I'll buy those worthless BTC off you.

Why do you think bitcoins will become worthless then? Its not that the asics will create 1000% more bitcoins each day. The mined bitcoins will remain nearly the same daily. The difference is only that more of them go into one pocket... The bitcoinprice wont change because of that i believe.

Lol, ok I will bite: Why will BTC become worthless???