Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1326. (Read 3917468 times)

That is my understanding.

IF I'm not mistaken, the IPO has finished, which means the bonus offer isn't available anymore.

Obviously there will be the 'we did it first', but just like with FPGA, the first to have it out doesn't necessarily have all of the business.  There will be different performance characteristics, different price points, probably different shipping schedules (what good is being first if you have 2 months of backlog?).

Out of interest... i believe there are 3 asicproducer that openly admit that they are working on such hardware. Which of these competitors will have the asics probably as the first available and when would that probably be?

How much would it hurt the other companies, that didnt come out first with asics, when they are a month or more later? Would the income be a third or can something like that being said?

You can only decide for yourself

I can tell you the reasons why I decided to invest and am still buying:

1. I believe ASICMINER  will be able to deliver on what they set out to do
2. I don't think BFL will have any working product before ASICMINER does (at least I hope not)
3. I like the transparency of ASICMINER (much better than BFL)
4. If 1 & 2 come true then I am benefitting from ASIC mining without actually owning any hardware, but I will be able to buy said hardware if I want after it has proven itself
5. I like being a shareholder in high-risk start up companies

My few bitcents worth

so here i am trying to decide wether to buy a couple dozen ASICMINER shares.
anyone care to focus on these?

I think everyone is glancing over the most flagrant issue here. Nerded said he did not pay for the shares delivered yet (why bitcoinfountain issued shares before payment is kinda unclear to me...) and hes talking about being robbed? You got robbed for something you didnt pay for... As far as I am concerned, YOU OWE bitfoutain 300btc and someone stole what you owe. If you are not paying, you are in no way better than the guy who actually stole and are in no right to even comment on the subject until you pay your due.

Yes, the discussions are interesting but it would be nice to have a read only thread so that we could follow the ASIC development progress.

Well, it's always good to know about other projects.
But this one doesn't seem to be too far yet - they are talking even about February.
Also it is unclear what the bonds offer to their holders.

They are also discussing that the customs tax could be pretty high for importing the produced chips.
How is it with ASICMINER with respect to customs?

Any comments on Tycho offering bonds for "deepbit reclaimer" asic?
 https://bitcointalk.org/index.php?topic=104680.0;all
Price of ~$300 per Gh/s is justified by the current absence of competitors.

Edit: here is a hint in English:
 
EDIT2: my original claim of ~$300 per Gh/s was wrong, and I apologize. It was based on some of the comments in the referenced thread, not on what Tycho officially stated or restated.

The thread titles says [GLBSE] ...

Can you finally take your algorithm, GLBSE and 51% discussions somewhere else, please? I came here to look for news on ASICMINER, spent ten minutes to skim through the last few pages and found none.


Nope. ASICMINER security is based on GLBSE security, GLBSE security is based on SSL and Bitcoin security and so on. Shall we discuss everything in this thread now because things depend on other things? Just stop it.

Looks like another player is aiming for the big prize, bASIC:
https://bitcointalksearch.org/topic/m.1157524

I cross-reference this here so ASICminer shareholders are aware. This should also take the heat out of the discussion about the self-mining aspect of ASICminer. With more ASIC companies on the market, the particular business strategy of one company has less impact on the overall market.

You made it too complicated. nedbert9 just lost 300 BTC and you're offering a complicated equation, resulting in a 0.64 BTC compensation. That doesn't compute with someone who just got raped.

I think nedbert9 is acting like a child. He is referring me here. I'm sorry that I have to take this up to the public and I want to hear from the audience, whether I'm obligaged to do what nedlbert9 wanted me to do by the principles of Justic/Fairness and what I should do next. Is my offer to pay a 0.64BTC to nedbert9 a fair offer or am I just doing an unfair thing? I will act respondingly to what all you think.


The timeline of this drama:

1) for a long time, I have 168 shares of bidding order placed at GLBSE. it's 0.085BTC/share. That's nearly all bitcoin I have in GLBSE account during that time.
2) after that, the share was being traded around 0.09-0.11 BTC/share.
3) August 23, 11PM  nedbert9's account was hacked. and all his shares were dumped to the market. and my bidding order was fullfilled.
4) August 23, 11:54:33 PM, nedbert9 admitted that it was his account that had been hacked. imediately, I admitted publicly that I had bought some shares.
5) The trading price of ASIMCINER is around 0.08-0.09BTC for days. nedbert9 did nothing.
6) August 28, 03:34:01 AM, I offer a 0.64BTC payment to nedbert9 publicly.
7) August 28 12:46 AM, the price of ASICMINER jumped up to 0.0988 BTC/share.
8)August 28, 06:47:35 PM nedbert9 send me PM that he want to buy back the share. (implictly 0.085BTC per share, while the share price had already jumped.)
9)I persist that I will only offer a 0.64BTC conpensation. and nedbert9 think he was humuliated. And he accused me "benefited by ~160 shares"
10) now, As I stated in my PM reply to nedbert9, I brought this to public.

My argument:

a) I think in such incidents, I should only give back my unjust enrichment. My unjust enrichment is about 0.64BTC. the caculaton is :


Nedbert9 falsely accused me that I "benefited by ~160 shares". It 's his loss, but not my profit. I have paid 0.085 BTC/share price for them( he/hacker).

b) More importantly, nedbert9 cost me opportunity to buy the share at lower price. during and after the hack for a long time, I have only several bitcoin in my GLBSE account. If nedbert9 had protected his account well enough, I would not buy the shares from him, and I will have the bitcoin to purchase shares from the market or friedcat.

c) after the accident, nedbert9 haven't act quick enough. the price had been depressed for several days and if nedbert9 had proposed that he wanna buy back the shares quick enough I would have had the chance to purchase the share back from the market at a much lower price. However,nedbertd9 forced me to sell back the shares back to him after the price is already in a rally.

I persist that my unjust enrichment is only 0.64BTC and I should only give this amount of money back to nedbert9.

what's the right thing to do in your opinion?
It's a small amount of money. Now I have sell lots of other shares. I have bought hundreds of shares @0.125 last night. I can afford what's the right thing to do. But I don't want to use a single cent of bitcoin to spoil the child.

attachment


You can find the most share trading history by searching the keyword #asciminer# on the twitter.https://twitter.com/#!/search/asicminer%20from%3AGLBSE

It's shame that GLBSE cannot give us a convinient way to get the trading history.

The shares were worth 300BTC, but the damage in BTC was about 30 BTC, because the market was not strong enough. This means that someone who placed a buy order at a low price got all the shares for practically no money. (free shares)

nedbert9 was interested in a reversal of this particular low-buy order. But for that he would have to establish communication with that person. AFAIK only Nefario knows who received those shares. I don't know the status of that reversal request, i.e. whether Nefario doesn't want to disclose the identity of the recipient or relay a message. Maybe nedbert9 was successful in establishing communication but the recipient doesn't want to "give up" on his accidental profit.

Doesnt make sense to tell to discuss at a place where only some people can discuss.

I vote for an readonlythread especially writeable for friedcat so that he can announce news there without anyone interrupting. Then this thread here can be about asicminer and what related important topics. And in my opinion the security of glbse or the possibility that asicminer asics could be made useless are very important for the success of asicminer.

@Jutarul

And what would nedbert9 would have benefited from reversal? The thieve wont give him back the money for sure. Plus the scammer will have send the money forward already or changed into $.

So either way... there must be one person everytime that isnt happy with the end status. So we can chose between A) the possibilty that one can get bitcoins stolen. But that is in his hand to prevent it. But B) reversals or chargeback will hurt persons that cant stop it before happening and cant do anything against this happen again except stop using bitcoin.

I didnt find a concept for reversal. If there is more to say to this let me know a thread where we can speak about.

It consists of indviduals who did go through the bulk purchase option to gain ASICminer board membership. Right now it's organized as a mailing list.

He's just trying to keep us somewhat on track.

Much of the GLBSE conversation had shifted to one of general GLBSE issues. Nothing at all specific or unique to this thread's topic.

As such, those thoughts really do, IMO, belong over in the GLBSE thread.

https://bitcointalksearch.org/topic/glbse-20-open-for-testing-60489

I think I was talking about ASICMMINER assets stored at GLBSE.

Are you saying, you neighborhood bastard mod, that I not allowed to move such a subject in this thread?
Good to know