ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 530.

JimiQ84

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Quote from: empoweoqwj on January 09, 2014, 08:38:22 AM

Quote from: spartan82 on January 09, 2014, 08:19:27 AM

still shocked at how strong the share price has been holding with these dividends, cant imagine whats to come after the announcement of tapeout

The only people left are the people waiting for Gen3. Current divs are irrelevant to them. But yeah, if the tapeout announcement is good and on time, that will further boost the price for sure. I don't really care because I'm not selling, but it looks nice on my spreadsheet

I think that event "tapeout on schedule" is already implemented in price. In other words, if tapeout is late, share price will go down.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: spartan82 on January 09, 2014, 08:19:27 AM

still shocked at how strong the share price has been holding with these dividends, cant imagine whats to come after the announcement of tapeout

The only people left are the people waiting for Gen3. Current divs are irrelevant to them. But yeah, if the tapeout announcement is good and on time, that will further boost the price for sure. I don't really care because I'm not selling, but it looks nice on my spreadsheet

spartan82

hero member

Activity: 658

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still shocked at how strong the share price has been holding with these dividends, cant imagine whats to come after the announcement of tapeout

steamon

sr. member

Activity: 404

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I think is a sign for a good coming summer.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: 101111 on January 08, 2014, 10:15:45 PM

Quote from: empoweoqwj on January 08, 2014, 10:00:33 PM

It will move once FC next announces something ....

It will also move when someone's Chinese girlfriend's friend hears a rumour about the tapeout ...

This week especially beware of false rumours and wait for official news from FC.

Yeah but these Chinese gf rumours often turn out to be based on something Wink

101111

hero member

Activity: 525

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Quote from: empoweoqwj on January 08, 2014, 10:00:33 PM

It will move once FC next announces something ....

It will also move when someone's Chinese girlfriend's friend hears a rumour about the tapeout ...

This week especially beware of false rumours and wait for official news from FC.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: shawshankinmate37927 on January 08, 2014, 09:30:49 PM

Quote from: empoweoqwj on January 08, 2014, 09:23:48 PM

Quote from: SmiGueL on January 08, 2014, 02:09:48 PM

0.00066897 confirmed

Not great .... but the silver lining is the share price is unmoved.

But some of us want it to move so we can get our bids filled...

It will move once FC next announces something ....

shawshankinmate37927

hero member

Activity: 854

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Bitcoin: The People's Bailout

Quote from: empoweoqwj on January 08, 2014, 09:23:48 PM

Quote from: SmiGueL on January 08, 2014, 02:09:48 PM

0.00066897 confirmed

Not great .... but the silver lining is the share price is unmoved.

But some of us want it to move so we can get our bids filled...

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: SmiGueL on January 08, 2014, 02:09:48 PM

0.00066897 confirmed

Not great .... but the silver lining is the share price is unmoved.

SmiGueL

sr. member

Activity: 322

Merit: 252

0.00066897 confirmed

buck19

newbie

Activity: 23

Merit: 0

Incoming dividends...
0.00066897 btc per share.

bambou

sr. member

Activity: 346

Merit: 250

Quote from: empoweoqwj on January 07, 2014, 10:40:50 PM

Quote from: gogxmagog on January 07, 2014, 10:02:10 PM

bitcoin is supposed to be used to trade for goods and services. this is still kosher in China.
you can buy a lot of w/ever online for just one $10000 USD/ bitcoin.

I've heard Chinese voices state that things are changing with the Party and the people. Things are also changing in the west. Govt.s are being cautious, but they also are starting to see the world trade and innovation value of BTC. Not to mention, they have already figured out that you can't actually "ban" it.
They talk about leadership in development being important to growth of the nation blah blah blah. Bitcoin does well for the economy.

Now, if there weren't so many outright scams and disastrous fiascoes going on all over the bitcoin world... They might not feel any need to intervene. Isn't; "the nail that sticks out gets hammered" an old Chinese adage?

I don't think governments are intervening because of scams. More about "control of the currency" and tax revenues.

imo this guy sumed up pretty well the situation in China. https://bitcointalksearch.org/topic/a-chinese-look-at-the-situation-in-china-397614

less about controlling the currency.. more about controlling the people... Wink

Quote from: SmiGueL on January 08, 2014, 11:10:33 AM

Think we'll get ~.67mBTC/share this week.

~~mBTC?!~~

edit: just understood you were talking about divs

SmiGueL

sr. member

Activity: 322

Merit: 252

Think we'll get ~.67mBTC/share this week.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: gogxmagog on January 07, 2014, 10:02:10 PM

bitcoin is supposed to be used to trade for goods and services. this is still kosher in China.
you can buy a lot of w/ever online for just one $10000 USD/ bitcoin.

I've heard Chinese voices state that things are changing with the Party and the people. Things are also changing in the west. Govt.s are being cautious, but they also are starting to see the world trade and innovation value of BTC. Not to mention, they have already figured out that you can't actually "ban" it.
They talk about leadership in development being important to growth of the nation blah blah blah. Bitcoin does well for the economy.

Now, if there weren't so many outright scams and disastrous fiascoes going on all over the bitcoin world... They might not feel any need to intervene. Isn't; "the nail that sticks out gets hammered" an old Chinese adage?

I don't think governments are intervening because of scams. More about "control of the currency" and tax revenues.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

bitcoin is supposed to be used to trade for goods and services. this is still kosher in China.
you can buy a lot of w/ever online for just one $10000 USD/ bitcoin.

I've heard Chinese voices state that things are changing with the Party and the people. Things are also changing in the west. Govt.s are being cautious, but they also are starting to see the world trade and innovation value of BTC. Not to mention, they have already figured out that you can't actually "ban" it.
They talk about leadership in development being important to growth of the nation blah blah blah. Bitcoin does well for the economy.

Now, if there weren't so many outright scams and disastrous fiascoes going on all over the bitcoin world... They might not feel any need to intervene. Isn't; "the nail that sticks out gets hammered" an old Chinese adage?

hlynur

hero member

Activity: 770

Merit: 501

Quote from: VeeMiner on January 07, 2014, 09:13:27 AM

Quote from: bitcoin.newsfeed on January 07, 2014, 08:21:58 AM

So what is ASICminer's board view on that mess in China?

Code:

http://www.reddit.com/r/Bitcoin/comments/1umcj8/taobao_prohibits_bitcoin_and_perhiperals_trading/

Quote

Background
In order to follow the notice previously issued by the central banks, the central banks require third party payment system to stop the trading of Bitcoin Litecoin etc. (The notice issued by PBC at 12/5)
Details
Include but not limit to
Bitcoin Litecoin Quark Infinitycoin Pennycoin PPCoin Namecoin... etc cryptos
Bitcoin or other cryptos' mining tutorial, strategies
Software or hardware for mining Bitcoin or other cryptos

there's big enough market for mining hardware out of China...

and it's "just" the chinese version of ebay. i'm sure there are still plenty of alternative platforms in china to sell products.
imo taobao just wants to have a clean slate until government announces further steps of regulation after the 31st january deadline.

VeeMiner

hero member

Activity: 752

Merit: 500

bitcoin hodler

Quote from: bitcoin.newsfeed on January 07, 2014, 08:21:58 AM

So what is ASICminer's board view on that mess in China?

Code:

http://www.reddit.com/r/Bitcoin/comments/1umcj8/taobao_prohibits_bitcoin_and_perhiperals_trading/

Quote

Background
In order to follow the notice previously issued by the central banks, the central banks require third party payment system to stop the trading of Bitcoin Litecoin etc. (The notice issued by PBC at 12/5)
Details
Include but not limit to
Bitcoin Litecoin Quark Infinitycoin Pennycoin PPCoin Namecoin... etc cryptos
Bitcoin or other cryptos' mining tutorial, strategies
Software or hardware for mining Bitcoin or other cryptos

there's big enough market for mining hardware out of China...

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

So what is ASICminer's board view on that mess in China?

Code:

http://www.reddit.com/r/Bitcoin/comments/1umcj8/taobao_prohibits_bitcoin_and_perhiperals_trading/

Quote

Background
In order to follow the notice previously issued by the central banks, the central banks require third party payment system to stop the trading of Bitcoin Litecoin etc. (The notice issued by PBC at 12/5)
Details
Include but not limit to
Bitcoin Litecoin Quark Infinitycoin Pennycoin PPCoin Namecoin... etc cryptos
Bitcoin or other cryptos' mining tutorial, strategies
Software or hardware for mining Bitcoin or other cryptos

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: chriswilmer on January 06, 2014, 09:33:19 PM

Quote from: BitThink on January 06, 2014, 09:25:41 PM

It's not necessary for the mining income to keep at 10 BTC considering the appreciation of BTC. If BTC is adopted well in the future, its price will be well above 100K, and meanwhile the cost of mining a block in fiat will not increase so much (the exponential increase will not last for long). Therefore, it's possible that miners could be still profitable even with 0.1 BTC reward ( = 10K = 10BTC at current price) per block.

Anyway, all these are just some speculation and let's move on to something concrete news from AM. Sadly, there's still no PR available.

You may very well be right about this. An argument can be made that transaction fees in bitcoin will never be higher than today. That would be bad news for AM though... right?

Fees are constantly being thought about / tinkered with by the developers. And let's face it, we have no idea what volume of fees will be like in 3-5 years. I wouldn't worry about fees at the moment, just mine those darned coins

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Lohoris on January 06, 2014, 07:03:18 AM

Quote from: Nullrisk on January 06, 2014, 06:35:56 AM

This makes sense, but you may be leaving out two relevant (ASIC Mining gear) market segments:
1) New Bitcoin investors that prefer to mine their coins instead of buying them (there are different reasons for this that have been discussed somewhere else)
2) "Corporate Miners" that need to stay on top of the game

Also, you should be very cautious when declaring the whole mining industry "not profitable at current difficulty levels" - as long as Bitcoin prices keep moving they have, it will be extremely difficult to prove this assertion. Looking at ROI in BTC alone can be an extremely misleading simplification.

I somewhat agree with the above paragraph, but the following one seems just wrong: since you pay the device in BTC, you have to consider only the BTC itself: exchange rate with other currency is totally irrelevant, since you had anyway the option of "just keeping your BTC" and having them appreciate exactly the same.

I'm quite tired of having to explain this time and again, it's so obvious but people keep getting it wrong. Will they ever learn?

lol. No, history has taught you that indeed, some people never learn. Expect to keep explaining

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