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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1338. (Read 3917468 times)

sr. member
Activity: 325
Merit: 250
Our highest capital is the Confidence we build.
I suggest that you sell those BTC's asap, when you have reached the goal. So what ever happens to BTC price, we are still good to go. Keeping those funds in BTC is unnecessary risk to the plan. Even if the price rises a bit, the risks out weights gains multiple times. And I have this itchy feeling, that the price is going to plummet (to $5-$6) and day now. And it might take months to regain its value.

Better to buy some put options, so you don't depress the price by selling now, but help it staying higher than the strike.
full member
Activity: 145
Merit: 100
I suggest that you sell those BTC's asap, when you have reached the goal. So what ever happens to BTC price, we are still good to go. Keeping those funds in BTC is unnecessary risk to the plan. Even if the price rises a bit, the risks out weights gains multiple times. And I have this itchy feeling, that the price is going to plummet (to $5-$6) and day now. And it might take months to regain its value.
legendary
Activity: 1778
Merit: 1008
excellent news on all counts.
donator
Activity: 848
Merit: 1005
Update

IPO: There are still three pending orders. Two of them amount at 1,000 BTC each. All other orders are either cancelled or traded.
If they are not canceled but done, we could collect at a total of >14k of BTC, which would be enough for our expenses, as long as no extreme condition with the BTC price happens. So we still hold the original plan.

Chip: With our recent (from starting of IPO and now) effort, we successfully further reduced the ratio of power consumption to hashrate. It finally makes inexpensive packaging of our chips practical. Before taping out, a detailed spec (size, power, performance, pins, I/O interface, etc) of our chips will be made public.
legendary
Activity: 2053
Merit: 1356
aka tonikt
How are things going? Six days until the IPO is finished. Wishing everyone the best of luck!
I see that there are already 117837 shares sold - so that should be about enough, assuming the current price will hold.
But friedcat said that he would wait till the end of the week, since some bulk order reservations had such a due time.
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
How are things going? Six days until the IPO is finished. Wishing everyone the best of luck!
donator
Activity: 1064
Merit: 1000
He has said before he doesn't have access to internet at all times only when he goes to internet cafes etc.
//DeaDTerra

In fact no. I do have access to internet and don't have to go to internet cafes. But I'm in a different timezone from most of people so I may not reply timely enough.
hm okay sorry I got the idea that you needed to go to a internet cafe.
//DeaDTerra
donator
Activity: 848
Merit: 1005
Update

The mailing list for board members is created. A welcome mail is sent. More board members will be added to the mailing list.

If any existing bulk purchaser who already bought more than 500 BTC worth of shares and hasn't received the mail, please PM me so that I wouldn't miss anyone. Thanks.
donator
Activity: 848
Merit: 1005
He has said before he doesn't have access to internet at all times only when he goes to internet cafes etc.
//DeaDTerra

In fact no. I do have access to internet and don't have to go to internet cafes. But I'm in a different timezone from most of people so I may not reply timely enough.
donator
Activity: 994
Merit: 1000
The russians have found us: https://bitcointalksearch.org/topic/asicminer-101552

Anybody here who speaks russian and can summarize what they're talking about?
They're conspiring against us Wink

Whooo I love competition. The game is on Smiley
legendary
Activity: 2053
Merit: 1356
aka tonikt
The russians have found us: https://bitcointalksearch.org/topic/asicminer-101552

Anybody here who speaks russian and can summarize what they're talking about?
I dont but I'm sure they are friendly Smiley
donator
Activity: 994
Merit: 1000
The russians have found us: https://bitcointalksearch.org/topic/asicminer-101552

Anybody here who speaks russian and can summarize what they're talking about?
legendary
Activity: 1666
Merit: 1000
Seems logical considering the market correction to re-open the IPO and sell to 200,000 shares.
...

This was my thought also, but instead a confusing discussion about "resort to preorders for units"
legendary
Activity: 2053
Merit: 1356
aka tonikt
Seems logical considering the market correction to re-open the IPO and sell to 200,000 shares.

If the first mask / fabrication fails it would be a terrible thing to face liquidity issues for a second attempt.  If I had more cash I'd commit to additional shares for this reason.
as the technology has been tested for over 10 years, it seems that the failing rate for this kind of projects is low enough.
and other people are dying to sell production lines from 5-10 years ago because nobody else wants it nowadays - which this chip is all about; using a cheap scrap to mine money. (no offence) Smiley
sr. member
Activity: 252
Merit: 250
Inactive



Seems logical considering the market correction to re-open the IPO and sell to 200,000 shares.

If the first mask / fabrication fails it would be a terrible thing to face liquidity issues for a second attempt.  If I had more cash I'd commit to additional shares for this reason.
legendary
Activity: 1666
Merit: 1000
We will see who knows this business better.
legendary
Activity: 2053
Merit: 1356
aka tonikt
If you knew the technology, you'd know it's possible.
If you don't know the technology - that would be quite a risky business for you.
Better watch some more Discovery Wink

I know enough of it, very special circuits for very special tasks, and very efficient. Some people are working on it (as much faster replacement for FPGAs). Because they are very expensive, I also had interest as a participator. But do you have enough knowlegde about the details? I think it's complex and expensive, isn't it?
Sorry, with all the respect, but you definitely use the word "very" to often to convince me that you know much about anything. Smiley
He already said everything. To make the chip in China you need about 100k USD, plus ~20% reserve for unexpected issues that may arise - if they don't arise he pays them back as dividends.
The chip is basically made from FPGA application, which there are many of such out there already - turning it onto a fixed silicon makes it much smaller and much less power needy - as for my knowledge likely around what friedcat has published.
After you make the mask, or whatever they call it, a single chip costs you like.. nothing. At least comparing to today's prices of FPGA.
But there are also many risk factors, that I am sure you haven't thought of, so take your time before you eventually believe or not Smiley
legendary
Activity: 1666
Merit: 1000
If you knew the technology, you'd know it's possible.
If you don't know the technology - that would be quite a risky business for you.
Better watch some more Discovery Wink

I know enough of it, very special circuits for very special tasks, and very efficient. Some people are working on it (as much faster replacement for FPGAs). Because they are very expensive, I also had interest as a participator. But do you have enough knowlegde about the details? I think it's complex and expensive, isn't it?
legendary
Activity: 2053
Merit: 1356
aka tonikt
If you knew the technology, you'd know it's possible.
If you don't know the technology - that would be quite a risky business for you.
Better watch some more Discovery Wink
legendary
Activity: 1666
Merit: 1000
As with pirate there is no evidence, not for it and not against it. I have red the thread completely, and in the end it sounds too fantastic. Huge income in one week, huge THs/s. Perhaps you can prove it.
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