I wonder what's going on with the late Dividend?
This is the first time that happens as far as I remember.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 453. (Read 3917591 times)
March 20, 2014, 12:56:47 AM
March 20, 2014, 12:15:34 AM
We are all waiting a big news from cat with a little worry...
March 19, 2014, 11:20:52 PM
You can't just take market caps, merge them together, and divide to determine what the price of a coin is. Rival is smarter then that, you have to look at liquidity and market depth.
When the bitcoin price moves $1, that does NOT mean that 12 million of USD just moved into bitcoin, it could simply mean that everyone collectively decided not to sell at the lower price, valued their bitcoins more, and thus the price moved up. The price of a bitcoin can move with relatively little actual capital moving retaliative to the entire market cap.
Not only that, but as ASIC's come out for many of these coins that their reason to exist was ASIC resistance... don't you think people may second guess the utility of that coin?
When the bitcoin price moves $1, that does NOT mean that 12 million of USD just moved into bitcoin, it could simply mean that everyone collectively decided not to sell at the lower price, valued their bitcoins more, and thus the price moved up. The price of a bitcoin can move with relatively little actual capital moving retaliative to the entire market cap.
Not only that, but as ASIC's come out for many of these coins that their reason to exist was ASIC resistance... don't you think people may second guess the utility of that coin?
March 19, 2014, 10:38:21 PM
The value of mining hardware would have to have a relationship to the value of coin mined. Why focus your efforts on that which isn't going to be as profitable for the miner to mine thus leaving them unable to afford to pay you as much for your mining equipment?
March 19, 2014, 10:37:26 PM
No dividend yet? Weird...
Agree weird maybe its due to last weeks missending issue
March 19, 2014, 10:34:01 PM
That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each.
Where did you get the $5000 number from?
Bitcoins market cap in USD is $7.5 billion and all altcoins combined market cap is a little less than $1 billion.
March 19, 2014, 10:27:41 PM
Altcoins might be fun, and they may be occasionally profitable, and they are certainly laboratories for experimentation. However, their existence does not come without an explicit cost.
That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each. The question is not whether altcoins should exist. The question is whether their existence is worth having bitcoins valued at $600 instead of $5000. Which of course begs the question of whether we are better off with bitcoins at $600 as opposed to $5000 in the first place.
I am not qualified to answer these questions, but I think I am qualified to ask them. I think if I were Friedcat those particular questions would present unknowns that I would not want to factor into my business plan. Bitcoins are speculative enough as they are without designing dozens of other chips to optimize mining whatever altcoin might be the flavor of the day, regardless of how popular they may be at the moment.
That cost is a dilution of the value of bitcoins. If all of the value currently expressed by all altcoins were liquidated and transferred to bitcoins, bitcoins would currently be valued in excess of $5000 each. The question is not whether altcoins should exist. The question is whether their existence is worth having bitcoins valued at $600 instead of $5000. Which of course begs the question of whether we are better off with bitcoins at $600 as opposed to $5000 in the first place.
I am not qualified to answer these questions, but I think I am qualified to ask them. I think if I were Friedcat those particular questions would present unknowns that I would not want to factor into my business plan. Bitcoins are speculative enough as they are without designing dozens of other chips to optimize mining whatever altcoin might be the flavor of the day, regardless of how popular they may be at the moment.
March 19, 2014, 10:11:46 PM
scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.
AM can consider to acquire the company producing scrypt asic also.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.
AM can consider to acquire the company producing scrypt asic also.
Altcoins are a distraction and waste of time. Friedcat has enough on his plate at the moment with bitcoin asics... focusing on one thing is what makes the process strong. Want a scrypt asic? Go start your own company.
March 19, 2014, 10:02:12 PM
scrypt asic should be reconsidered, friedcat.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.
AM can consider to acquire the company producing scrypt asic also.
if another chinese company can produce scrypt asic, i don't see why AM cannot. Like early microsoft, they take part in any new business to grow.
AM can consider to acquire the company producing scrypt asic also.
March 19, 2014, 10:01:51 PM
So little official information arising lately from what appears to be efforts centered on providing concrete Gen3 progress but it would be of interest to hear if a conscious strategic change was made regarding dividend payment or reinvestment and the rationale behind the decision.
March 19, 2014, 09:42:05 PM
Board members should raise this issue with friedcat.
March 19, 2014, 09:36:29 PM
Late dividend payment ... but on the other hand that's the 5th block of the week just found, so maybe we do have a bit more firepower online these days 
March 19, 2014, 09:30:39 PM
curious about the late dividend...
March 19, 2014, 09:30:28 PM
Alas, I won't be fuelling the Gulfstream off the dividend this week but any thoughts to the significance of it's absence?
March 19, 2014, 08:10:10 PM
Guys, take it to another thread. By BitcoinTalk forum standards the AM thread is a place of fairly civil discourse.
I agree. Sorry to let it get derailed.Back on topic please.
March 19, 2014, 08:08:40 PM
Guys, take it to another thread. By BitcoinTalk forum standards the AM thread is a place of fairly civil discourse.
March 19, 2014, 08:07:47 PM
LÖL. No news are bothering me at all. Just your mongoloidness. Great that you prove it again. Might wanna shut up for the sake of us all?
Why are you so mad?
March 19, 2014, 08:06:00 PM
Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.
Nope. I don't wanna burn my house down with vaporware.
Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.
I'm sorry if the news bothers you but no need to go off like that.
Fact is that gpus are going to need to find a new algorithm/coin to mine when these scrypt asics hit.
LÖL. No news are bothering me at all. Just your mongoloidness. Great that you prove it again. Might wanna shut up for the sake of us all?
March 19, 2014, 08:01:11 PM
Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.
Nope. I don't wanna burn my house down with vaporware.
Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.
I'm sorry if the news bothers you but no need to go off like that.
Fact is that gpus are going to need to find a new algorithm/coin to mine when these scrypt asics hit.
March 19, 2014, 07:54:10 PM
Funny that nobody is looking at the efficiency of the Scrypt ASICs. I am still going very well with my 7970s compared to all Scrypt ASCICs offered now.
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Friedcat stated clearly why ASICMINER will not go for the manufacturing of SCRYPT ASICs.
https://bitcointalksearch.org/topic/m.3222593
Did you see kncminers new 100mh scrypt miner? $0.1/kh cant beat that.
Nope. I don't wanna burn my house down with vaporware.
Anyway I should ignore anything a mongo troll like you is posting, fucktard. Facepalm to myself reading you. Ouch.
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