Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 238. (Read 3917468 times)
August 18, 2014, 09:49:44 PM
Total hashrate reaches 199P
August 18, 2014, 09:26:13 PM
I don't think this price drop will have any effect on miners at all as I don't believe the price will stay so low for more than a few days, it'll be back to around 600 USD by the end of the week.
August 18, 2014, 08:41:43 PM
I'm really worried that the current BTC prices will affect the profitability of the whole mining operation. Sure, we'll mine the same amount of coins and possibly even more if the competition goes down. But, as some people already pointed out, AM will have to pay for electricity and other expenses. And with the price tanking this severely, I think the whole mining operation may become too unprofitable.
For centralised industrial mining operations (like Bitfury, megabigpower?) where the block rewards are converted to Fiat as soon as practical, lower bitcoin prices discourages further investment. This is a good thing, in my view.
If the centralised industrial mining operation only converts to fiat what is necessary to pay for overheads, and holds the rest because they are long on bitcoin, they don't depress the value of bitcoin and I'm somewhat neutral about them.
As for individuals like you and I who are considering exposure to the mining sector, we're probably long-term bullish on bitcoin and would plan to hold most of it. So the decision to mine is essentially a bet that we will reap more in mining over time than if we simply bought and held bitcoins. In this case, I don't think the current bitcoin price is a big factor.
August 18, 2014, 07:56:57 PM
Weren't a lot of the chips originally sold in Fiat so shouldn't we have Fiat reserves to handle expenses right now? I'm all for taking a large share of the network even at low profitability if it means we price out competition to give us a better footing when the price increases. That said I still want divs. 
Exactly this. The low BTC price is the same for everyone - as long as AM can be relatively more profitable then it is good news as it will hamper competitors with higher power costs (I'm looking at you Bitfury)
August 18, 2014, 01:38:01 PM
Weren't a lot of the chips originally sold in Fiat so shouldn't we have Fiat reserves to handle expenses right now? I'm all for taking a large share of the network even at low profitability if it means we price out competition to give us a better footing when the price increases. That said I still want divs.
August 18, 2014, 12:50:45 PM
I'm really worried that the current BTC prices will affect the profitability of the whole mining operation. Sure, we'll mine the same amount of coins and possibly even more if the competition goes down. But, as some people already pointed out, AM will have to pay for electricity and other expenses. And with the price tanking this severely, I think the whole mining operation may become too unprofitable.
FC said, he hoped to continue dividends in August. Maybe he was expecting a bubble in order to being able to make that happen.
FC said, he hoped to continue dividends in August. Maybe he was expecting a bubble in order to being able to make that happen.
August 18, 2014, 10:09:13 AM
I am in, thanks Friedcat
https://blockchain.info/tx/a51d5634867d070b2b9684e682eaada688846bdeb5b80f26a09f4a63399a36bf
https://blockchain.info/tx/a51d5634867d070b2b9684e682eaada688846bdeb5b80f26a09f4a63399a36bf
coins are on the move from the sales thread BTW
https://blockchain.info/address/12ucMegjPDx7n8UHryWRRmRJYDCpZGtjUb
https://blockchain.info/address/1FKFSu3f3jNwjwSkmpLSGrsd1FPXr3Wdbb
https://blockchain.info/address/1FqFJHvR91t8DTjAVD75CJ4cKTxuPPu6Cq
im not very good at making any sense of it though, lots of coins started going to some of those around may june
August 18, 2014, 08:40:45 AM
Did friedcat start a sig ad campaign?
Good luck getting into it.
August 18, 2014, 07:06:43 AM
We are working to bring it back up soon. We apologize for any inconvenience.
Havelock Investments
Havelock Investments
August 18, 2014, 05:53:27 AM
Havelock has been down for atleast a few hours now. Is this downtime normal?
usually only during maintenance, although they never announce or confirm it.
August 18, 2014, 05:49:42 AM
Havelock has been down for atleast a few hours now. Is this downtime normal?
August 17, 2014, 09:38:12 PM
Did friedcat start a sig ad campaign?
details here: https://bitcointalksearch.org/topic/earn-bitcoin-with-your-signature-up-to-01btc-a-month-only-30-slots-left-739269
August 17, 2014, 08:26:37 PM
Nah, its one of the original set of... 6? 12? made by a guy here in the thread. Sameish design, but on black... and special because it was one of the first. The design is also different, the cat is in the pan, being fried.
How about this then good Sir?:
https://bitcointalksearch.org/topic/closed-18-sold-gb-2-grilled-cat-identity-silkscreened-t-shirts-15sh-246518
Thats it! Wait... I ordered 2?! I only ever got one... I think. O DAMN! Now I have to search my house....
Edit: LOL I paid 1 BTC for a shirt back in 2013, I hate looking back at old posts -_-
Wow! That shirt is worth more than your washing machine. You should have it stuffed and mounted
August 17, 2014, 07:47:42 PM
Did friedcat start a sig ad campaign?
August 17, 2014, 05:49:10 PM
Nah, its one of the original set of... 6? 12? made by a guy here in the thread. Sameish design, but on black... and special because it was one of the first. The design is also different, the cat is in the pan, being fried.
Yep still have my Friedcat shirt as well ready and what not
Good old nub's shirt
I also saw a Fellow user in a certain video using it so kudos to the semi anon XD
(Know he lurked AM around that time and bought a shirt and IS not me ^^)
https://www.youtube.com/watch?v=XEthXBHsEac&feature=youtu.be&t=3m5s
Cheers random Friedcat shirt dude !
1/53 ^^
EDIT: Darn AAZ thanks for reminding me
Call it the premium shirt heh August 17, 2014, 03:04:01 PM
Nah, its one of the original set of...
No, that idea was derived from the "original shirt" from Neilol and I which is what KarmaShark had posted. Look at the dates
August 17, 2014, 02:16:10 PM
Remember: hang to dry those precious shirts guys. I'm jealous though I remember deciding not to order that shirt, so I have only myself to blame.
I'm jealous though I remember deciding not to order that shirt, so I have only myself to blame. 
August 17, 2014, 01:55:28 PM
I just washed my FC shirt so I can celebrate Divs day this Wednesday. FC don't let me down!
Just washed mine too:
August 17, 2014, 12:58:32 PM
I'm hopeful, but canarys us GB for tubes is around 20-30 pieces @ 1.04 BTC with thin margins. Recall the first 10 ghs blades that were sold were 50 btc each.
Keep in mind that when those were being sold for 50 BTC/blade, there were only "three" options at the time for ASIC hardware: AM, Avalon, & BFL. Of those three, only AM had hardware on hand and BTC was about $115; higher demand/low supply and lower BTC value (in relation to USD).
Now there's plenty of options and higher BTC value, of course there BTC margins aren't going to be as good. To compensate, that's why much of the focus was aimed towards maximizing volume lately. We'll find out soon how well they've been selling.
August 17, 2014, 12:56:29 PM
ROFLMAO one day it will be one of the most expensive tshirt on earth!
one day it will be one of the most expensive tshirt on earth!Turns out I bought a shirt for SmiGueL as well to thank him for his work predicting divs and watching hashrate, at least I have always been generous!
yea thats the spirit!
btw i paid an usbminer for around 2BTC back in the days.. good ol days good ol days..
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