Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1345. (Read 3917029 times)
Very good clarifications. Thank you.
Regarding the die size update to 17mm2
My research, which might not be definitive, shows that large die are incompatible with the MLM process. Can you comment?
Will you be providing investors with documentation of your arrangements with the foundry?
My research, which might not be definitive, shows that large die are incompatible with the MLM process. Can you comment?
Will you be providing investors with documentation of your arrangements with the foundry?
According to our foundry, the rate of mask-set success with large die with MLM is the same with a standard full mask.
Larger die will indeed have less fault-tolerate rate, but 17mm^2 is not classified as the largest type processed by our foundry.
Our foundry is located in Shanghai, China. We have provided the confidential agreement between the agent of the foundry and us to some investors, and we will definitely provide our final contract to investors when it's made. Thanks.
Correct me if I'm wrong, but profitability outlined in this spreadsheet shows return rates prior to ASICMINER share principle being fully returned. Post principle repayment these return figures reduce by 50%.
In fact it's after ASICMINER investors' principle are paid back. Since it will almost definitely that the IPO will stop before 200,000 shares, prior return will be higher than 200% of what in the spreadsheet. 
Update
Just to mention, since the IPO hasn't finished and bulk purchase at 0.1BTC/share with extra shares offering is still going on, it is not suggested to buy them at a very high price at this moment. Thanks.
Just to mention, since the IPO hasn't finished and bulk purchase at 0.1BTC/share with extra shares offering is still going on, it is not suggested to buy them at a very high price at this moment. Thanks.
That is not normal indeed,
I see what I was overlooking. I forgot that there are inter-account transfers allowed on GLBSE, so the logistics for doing this are to simply cancel the sell order with the remaining shares and then manually transfer over whatever amount was sold privately:
- https://bitcointalksearch.org/topic/glbse-ipo-handling-and-interaccount-transfers-discussion-thread-75890
Thats the way to do it
That is not normal indeed,
I see what I was overlooking. I forgot that there are inter-account transfers allowed on GLBSE, so the logistics for doing this are to simply cancel the sell order with the remaining shares and then manually transfer over whatever amount was sold privately:
- https://bitcointalksearch.org/topic/glbse-ipo-handling-and-interaccount-transfers-discussion-thread-75890
I am selling ASICMINER shares, if you want some then PM me!
//DeaDTerra
//DeaDTerra
So, 24 hour volume was 1414.129 btc. I don't remember the quantity that was offered at 0.1 but it was more than 1414 btc worth. Is that normal for issued shares to trade privately, off the exchange, *after* the IPO?
for once I am not actually in charge of this IPO xD//DeaDTerra
I am selling ASICMINER shares, if you want some then PM me!
//DeaDTerra
//DeaDTerra
So, 24 hour volume was 1414.129 btc. I don't remember the quantity that was offered at 0.1 but it was more than 1414 btc worth. Is that normal for issued shares to trade privately, off the exchange, *after* the IPO?
I'm just glad I got to buy some before they all went at a decent price.
I am selling ASICMINER shares, if you want some then PM me!
//DeaDTerra
//DeaDTerra
At market price or IPO price
It won't be 2x the IPO price like the market
I am selling ASICMINER shares, if you want some then PM me!
//DeaDTerra
//DeaDTerra
At market price or IPO price
I am selling ASICMINER shares, if you want some then PM me!
//DeaDTerra
//DeaDTerra
wow. news got through to the majority of the community I think.
I guess the next buy opportunity is when shares from the private bulk are offered to the public.
EDIT: I see a lot of asks with huge volumes. I think someone is trying to make a profit from the IPO assuming the companys offering is too low...
I guess the next buy opportunity is when shares from the private bulk are offered to the public.
EDIT: I see a lot of asks with huge volumes. I think someone is trying to make a profit from the IPO assuming the companys offering is too low...
...new shares of ASICMINER aren't being sold on GLBSE anymore? The price just jumped to 250% of what it was.
I've never bought shares of a company on GLBSE before, or used stocks, however I would like to support ASICMINER. I have created an account on GLBSE, and am currently waiting for bitcoins to appear in my account, I had one question though:
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
I am 100.5% sure that's a typo
ASICs are a 2012 topic.
I was wondering about that, I thought that maybe development started back then or something. So do all the shares available on GLBSE need to be purchased in order for this to be produced? I've never bought shares of a company on GLBSE before, or used stocks, however I would like to support ASICMINER. I have created an account on GLBSE, and am currently waiting for bitcoins to appear in my account, I had one question though:
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
I am 100.5% sure that's a typo
ASICs are a 2012 topic. Update
A more detailed estimation about the return is shown online, based on the condition given in the main thread:
https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdGppUktrYmlIZ3MwRUxhZTk0WEJBd1E
Currently it considers three variables:
1. The electricity fee. (0$/KWh and 0.1$/KWh)
2. The total hashrate of the whole network.
3. Block reward halving. (before and after)
More factors will be taken into consideration.
A more detailed estimation about the return is shown online, based on the condition given in the main thread:
https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdGppUktrYmlIZ3MwRUxhZTk0WEJBd1E
Currently it considers three variables:
1. The electricity fee. (0$/KWh and 0.1$/KWh)
2. The total hashrate of the whole network.
3. Block reward halving. (before and after)
More factors will be taken into consideration.
Correct me if I'm wrong, but profitability outlined in this spreadsheet shows return rates prior to ASICMINER share principle being fully returned. Post principle repayment these return figures reduce by 50%.
I've never bought shares of a company on GLBSE before, or used stocks, however I would like to support ASICMINER. I have created an account on GLBSE, and am currently waiting for bitcoins to appear in my account, I had one question though:
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
The page states that "if the total money raised from ASICMINER and the real-world is not enough to cover the cost required by the foundry to tape out the ASIC chips before August 28, 2011, 100.5% of the total Bitcoins raised from ASICMINER will be returned".. since it is now almost Aug 28 2012 I am assuming that the chip is in production already? Is there anything that might stop this from coming to market at this point?
Regarding the die size update to 17mm2
My research, which might not be definitive, shows that large die are incompatible with the MLM process. Can you comment?
Will you be providing investors with documentation of your arrangements with the foundry?
I really want this endeavor to succeed and I'm pondering whether to invest some serious money. While I have some issues with the business plan, e.g. I am not thrilled by the idea of self mining, there is one thing much more important.
I would like to be reasonably sure that you won't run off with the money, never to be seen again, or perhaps just pretend to produce the chips. Again, I'm not accusing you of being a scammer, but to me you are just a pseudonym posting some text on a forum board.
Is there anybody on this board who knows you and/or have met you in person? I'm afraid your name being known to glbse is not that reassuring. How can I be sure that your mystery friends even exist? Would you perhaps be willing to arrange a skype conference call to answer questions and show what you're up to? Anything.
Another way would be to arrange it so that GLBSE locks some of the funds in escrow until a later date. I don't know if that's possible.
Perhaps a start would be some evidence that bitfountain actually exists as a registered company.
I would like to be reasonably sure that you won't run off with the money, never to be seen again, or perhaps just pretend to produce the chips. Again, I'm not accusing you of being a scammer, but to me you are just a pseudonym posting some text on a forum board.
Is there anybody on this board who knows you and/or have met you in person? I'm afraid your name being known to glbse is not that reassuring. How can I be sure that your mystery friends even exist? Would you perhaps be willing to arrange a skype conference call to answer questions and show what you're up to? Anything.
Another way would be to arrange it so that GLBSE locks some of the funds in escrow until a later date. I don't know if that's possible.
Perhaps a start would be some evidence that bitfountain actually exists as a registered company.
Could you give us the results of your chat with friedcat? Inquiring minds want to know. Thanks
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