ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 186.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Franktank on September 20, 2014, 10:58:53 AM

Quote from: RoadStress on September 20, 2014, 07:07:39 AM

Quote from: hdbuck on September 20, 2014, 07:00:43 AM

How Discus Fish Became China’s Largest Bitcoin Mining Pool

http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/

Lemme guess... AM?! Grin

AM franchises maybe...

Even the Wall Street Journal is considering this rumor:

http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/

Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"

I like it

That could explain a lot, especially the radio silence.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: RoadStress on September 20, 2014, 07:07:39 AM

Quote from: hdbuck on September 20, 2014, 07:00:43 AM

How Discus Fish Became China’s Largest Bitcoin Mining Pool

http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/

Lemme guess... AM?! Grin

AM franchises maybe...

Even the Wall Street Journal is considering this rumor:

http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/

Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling in the “hashrate,” a measure of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"

RoadStress

legendary

Activity: 1904

Merit: 1007

Quote from: hdbuck on September 20, 2014, 07:00:43 AM

How Discus Fish Became China’s Largest Bitcoin Mining Pool

http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/

Lemme guess... AM?! Grin

AM franchises maybe...

hdbuck

legendary

Activity: 1260

Merit: 1002

How Discus Fish Became China’s Largest Bitcoin Mining Pool

http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/

Lemme guess... AM?! Grin

sharky101

member

Activity: 108

Merit: 10

All seems to be pinned on gen4. Can anyone confirm that there has been a tape out?

silverfuture

legendary

Activity: 947

Merit: 1008

central banking = outdated protocol

emotions running high. Oh dear , what to do, what to do! Grin

Don't blame a Chinese teenager for your troubles. For that... look in the mirror.

http://nakamotoinstitute.org/mempool/everyones-a-scammer/

Sell your shares. Take what is left and put it in cold storage. Go do something useful to others, make a contribution. Learn patience. You aren't going to become rich overnight by doing nothing but going through gyrations of despair on an internet forum. If you are a scammer, you will never become rich no matter how many btc you own. This will never change no matter how much you wish it. It's the law.

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

Quote from: vortex1878 on September 19, 2014, 08:08:37 PM

Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.

What else can you expect from Chinese teenager ? To become president ? Grin

Maybe in wonderland. After gen1 its just Chinese tunneled cheddar.

And yes I am pissed off.

Quote from: willBTC on September 19, 2014, 11:00:15 PM

any one who want to sell shares , please PM me , I want to buy 700 shares, fixed price is 0.13BTC per share.

Just throw your precious BTCs on Havelock, its under 200 shares to reach your 0.13 goal, soon™

Bonam

sr. member

Activity: 420

Merit: 250

Without word from FC (or better yet, actions rather than words), not long before we are below IPO prices. Then the fanboys won't have the "we are above IPO price!" talking point any more...

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

3d optical chips could be the future of asic mining

willBTC

full member

Activity: 134

Merit: 100

any one who want to sell shares , please PM me , I want to buy 700 shares, fixed price is 0.13BTC per share.

Whtwabbit

sr. member

Activity: 490

Merit: 266

There's a mining war happening out there, just hope FC comes riding back home on top of his stallion with a bucket load of btc behind

vortex1878

hero member

Activity: 491

Merit: 500

Quote from: webbrowser on September 19, 2014, 08:37:29 PM

Quote from: vortex1878 on September 19, 2014, 08:08:37 PM

Thank you, fc. You have turned the most promising BTC venture to cat shit. Well done.

If you don't want a single satoshi from AM, are you planning to sell all your shares or to donate (any) future dividends Huh

I am not expecting anything. And yes, I am planning to sell all my shares. No, I will not donate. AM cost me much too much already.
I am too skint to donate anything though...

webbrowser

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