Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 535. (Read 3917468 times)
January 04, 2014, 12:37:17 AM
I appreciate the bullishness but price rising too fast for such a slow process. 12 days to TAPEOUT and not reciving your dividents. So take it easy guys and be more wise about your investments. Not saying ASICMINER isnt great but too fast too high, it smells bubbly....
January 03, 2014, 11:38:14 PM
My father (a font of wisdom hard earned) passed me down a small piece of advice that some should consider.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
I like the quote. Going to steal that from your father.
January 03, 2014, 10:17:07 PM
'irrational' is the key to success in cryptomarket. Math is not optimal here, as there are speculation and the fear to miss the train. Alt coins makes no sense, yet it's been proven profitable for short term gambling. Jumping on everything relating to cryptomoney has been better than being cautious mind and invest in nothing. Just like the booming of dot com.
January 03, 2014, 09:51:19 PM
Methinks Mabsark is upset he missed the under 0.30 boat.
The goal has long been to get 10% of the network. FC can do it. He has the technology, the resources, the facilities, and is the only one with a plan for what the market will look like in 4 months. At 10% of the network, that would support a share price of 1 btc assuming a 30% annual ROI from dividends alone. Hardware sales can boost it up much higher. This stock is a great long term bet. I just wonder why the move now, today. Inside information? FC has been known to drop good surprises on us.
My best theory is that when the price didn't plummet after the last dividend round with such crappy dividends, people on the sidelines decided that finally we reached bottom and started buying back in. If so, then we just found our support level and are solid until gen3 is released.
The goal has long been to get 10% of the network. FC can do it. He has the technology, the resources, the facilities, and is the only one with a plan for what the market will look like in 4 months. At 10% of the network, that would support a share price of 1 btc assuming a 30% annual ROI from dividends alone. Hardware sales can boost it up much higher. This stock is a great long term bet. I just wonder why the move now, today. Inside information? FC has been known to drop good surprises on us.
My best theory is that when the price didn't plummet after the last dividend round with such crappy dividends, people on the sidelines decided that finally we reached bottom and started buying back in. If so, then we just found our support level and are solid until gen3 is released.
+1
Share prices had dropped about 27 weeks running because dividends were dropping. But two weeks ago dividends dropped again, and share prices didn't. Clear buying signal. I was happy to buy at 0.28
January 03, 2014, 08:08:41 PM
My father (a font of wisdom hard earned) passed me down a small piece of advice that some should consider.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
"Son, most people think they make money the day they sell something. Nothing could be more backwards. You make your money the day you buy. You would be surprised how many people lose money the day they sell. Learn the difference between gambling and investing. In gambling, you lay down your money and spin the wheel. If you win, you get paid, and if you lose, they take your money. The end. Investing is altogether different. The wheel keeps spinning and spinning and spinning. You get to choose when it stops."
For me, the AM wheel is still spinning. I think I will stop it later rather than sooner.
January 03, 2014, 08:02:33 PM
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
Yes, I stated on many occasions that Labcoin would be very profitable if it wasn't a scam. And it would have been. Unfortunately for a lot of people, it was a scam. How is that relevant? My arguments are based on the available data. Simple as that.
Not sure if mabsark is a troll or actually believes what he is posting. Either way I've found that by betting against mabsarks predictions you literally cannot lose money.
Pretty much everyone called me a troll back when shares were going for 4+ BTC, ignored my arguments, told everyone else to ignore my argument and put me on their ignore list, then carried on buying shares at 4+ BTC. Those people lost shit loads of money. The arguments I made were completely obvious yet most people could not help deluding themselves. Take a look at the argument yourself and tell me if you think it was obvious. Those people lost money because they ignored the facts and listened to people blinded by greed.
I'm not telling people to take my word as gospel, I'm telling people - as I always do - to do the maths themselves.
Only if they sold.
January 03, 2014, 07:26:03 PM
Maybe the proper analysis came along and people thought it made sense. Not ringing any bell, not me!
January 03, 2014, 07:16:42 PM
For shame SmiGuel. You deliberately lied to people you were trying to flog your shares to by telling them that gen3 would be coming in January. That's proper scummy, especially considering that some people may think you are officially involved with AM because you do the charts.
So people, it's up to you, you can listen to a proven liar trying to flog overpriced shares or you can do the maths yourself.
So people, it's up to you, you can listen to a proven liar trying to flog overpriced shares or you can do the maths yourself.
Liar?
This was after friedcats update: Gen3 in january and 2/3 of the cubes left to sell.
I'm not making it up..
Next Gen Chips
The projected time of taping out of Gen3 is January 20.
Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.
The projected time of taping out of Gen3 is January 20.
Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.
And regarding my 'overpriced' shares... they were even going over 0.447 a few hours ago on Havelock.. so how can that be overpriced?
Like I said, you should be ashamed of yourself for deliberately telling lies. Wait...are you saying you didn't know that tape out does not mean having miners in hand?
You actually think that AM will have gen 3 miners this month?
I'm not buying that at all.
January 03, 2014, 07:13:44 PM
Yes, I was wrong about Labcoin and yes I was wrong about the how much the hash rate would increase by. I never claimed to be infallible, I've probably been wrong millions of times in my life. So what? Have you never been wrong? Who here hasn't been wrong before?
Also, how many people here predicted that the hash rate would be this high. Not many.
Does any of that invalidate the arguments I've put forth? No, of course not. Go through my history as much as you want and put up everything I've been wrong about, I'm sure that will distract people from the actual argument I made.
I don't want to discract anyone from anything, but you was blaming people for haven't heard your suggestions in past and they lost money because that. I knew you only in the labcoin thread and luckily never trusted your advices
Good, I don't want people blindly following my advice. I want them to take my arguments on board, think about them, do the maths themselves, then use their results to counter my arguments if we disagree.
My message is not "Everyone, listen to me!", it's "Stop listening to others and do the maths yourself!"
January 03, 2014, 07:12:46 PM
For shame SmiGuel. You deliberately lied to people you were trying to flog your shares to by telling them that gen3 would be coming in January. That's proper scummy, especially considering that some people may think you are officially involved with AM because you do the charts.
So people, it's up to you, you can listen to a proven liar trying to flog overpriced shares or you can do the maths yourself.
So people, it's up to you, you can listen to a proven liar trying to flog overpriced shares or you can do the maths yourself.
Liar?
This was after friedcats update: Gen3 in january and 2/3 of the cubes left to sell.
I'm not making it up, I'm just quoting friedcat.
Next Gen Chips
The projected time of taping out of Gen3 is January 20.
Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.
The projected time of taping out of Gen3 is January 20.
Current Hardware Sales
The number of cubes left for sale/deployment is 9000. About 1/3 are ordered already. All older devices (USBs/new blades) are sold out.
And regarding my 'overpriced' shares... they were going over 0.447 a few hours ago on Havelock.. so how can my offer be overpriced?
*Can we please stop this discussion? let's continue with PM's
January 03, 2014, 07:03:10 PM
Yes, I was wrong about Labcoin and yes I was wrong about the how much the hash rate would increase by. I never claimed to be infallible, I've probably been wrong millions of times in my life. So what? Have you never been wrong? Who here hasn't been wrong before?
Also, how many people here predicted that the hash rate would be this high. Not many.
Does any of that invalidate the arguments I've put forth? No, of course not. Go through my history as much as you want and put up everything I've been wrong about, I'm sure that will distract people from the actual argument I made.
I don't want to discract anyone from anything, but you was blaming people for haven't heard your suggestions in past and they lost money because that. I knew you only in the labcoin thread and luckily never trusted your advices
I pretty much hit the ignore button on mabsark a few weeks ago. I think we're dealing with a little 12 year old.
January 03, 2014, 07:00:59 PM
Yes, I was wrong about Labcoin and yes I was wrong about the how much the hash rate would increase by. I never claimed to be infallible, I've probably been wrong millions of times in my life. So what? Have you never been wrong? Who here hasn't been wrong before?
Also, how many people here predicted that the hash rate would be this high. Not many.
Does any of that invalidate the arguments I've put forth? No, of course not. Go through my history as much as you want and put up everything I've been wrong about, I'm sure that will distract people from the actual argument I made.
I don't want to discract anyone from anything, but you was blaming people for haven't heard your suggestions in past and they lost money because that. I knew you only in the labcoin thread and luckily never trusted your advices
January 03, 2014, 06:36:14 PM
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
Nooo of course he wasn't pumping, it's just math LABCOIN is worth WAYYY over the 0.003 it was at that moment..
Is it worth buying shares now? Is there a chance their price could significantly increase?
It's pretty much a certainty at this point. Expect the share price to hit 0.01 BTC by the end of the week.
You keep calling me an amateur like that's supposed to be an insult instead of it being a simple meaningless fact. I've only been investing since May and nobody pays me to do so, so yes I am an amateur. Doesn't change the fact that I'm up around 25,000% though. My investments have been a major success for me so far.
lol a self-confesed amateur who is giving people financial advice on public forums. Don't you love it. No one pays you? WOW how....unusual. Congrats on the 25,000% increase. FECKIN LOL Wanna tell us you starting capital just to fill in the complete picture.
Luckily for me this is where the complacency and over-confidence comes in for you. I wish you well with your...500k USD?
My starting capital was about 0.01 BTC. Now go ahead and laugh about how poor I am but I'll be the one laughing in a couple of months time when I've turned that into 1000 BTC if my plans work out. That's an increase of 1,000,000% in about 6 months.
Can we start laughing now?
Oh, and let's not forget this post:
would someone who is clever than I please give me some network speed guestimates for year end please.
Between 2500 TH/s and 4000 TH/s(30% jumps on each difficulty change)
This is conservative too.
We're at 13+ Ph/s at this moment..
Please stop spreading the FUD and admit you've missed the boat.
Yes, I was wrong about Labcoin and yes I was wrong about the how much the hash rate would increase by. I never claimed to be infallible, I've probably been wrong millions of times in my life. So what? Have you never been wrong? Who here hasn't been wrong before?
Also, how many people here predicted that the hash rate would be this high. Not many.
Does any of that invalidate the arguments I've put forth? No, of course not. Go through my history as much as you want and put up everything I've been wrong about, I'm sure that will distract people from the actual argument I made.
I too can sling mud.
0.45 and we have a deal.
Take it or leave it, I really don't mind.
Don't forget we first have thousands of cubes to sell, and gen3 coming in January. (It's almost December now)
*Also send me a PM me for faster response
Take it or leave it, I really don't mind.
Don't forget we first have thousands of cubes to sell, and gen3 coming in January. (It's almost December now)
*Also send me a PM me for faster response
For shame SmiGuel. You deliberately lied to people you were trying to flog your shares to by telling them that gen3 would be coming in January. That's proper scummy, especially considering that some people may think you are officially involved with AM because you do the charts.
So people, it's up to you, you can listen to a proven liar trying to flog overpriced shares or you can do the maths yourself.
January 03, 2014, 06:27:12 PM
Pretty much everyone called me a troll back when shares were going for 4+ BTC, ignored my arguments, told everyone else to ignore my argument and put me on their ignore list, then carried on buying shares at 4+ BTC. Those people lost shit loads of money. The arguments I made were completely obvious yet most people could not help deluding themselves. Take a look at the argument yourself and tell me if you think it was obvious. Those people lost money because they ignored the facts and listened to people blinded by greed.
pretty much everyone called you a troll when you constantly endorsed labcoin.
What about that?
January 03, 2014, 06:22:47 PM
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
Is it worth buying shares now? Is there a chance their price could significantly increase?
It's pretty much a certainty at this point. Expect the share price to hit 0.01 BTC by the end of the week.
You keep calling me an amateur like that's supposed to be an insult instead of it being a simple meaningless fact. I've only been investing since May and nobody pays me to do so, so yes I am an amateur. Doesn't change the fact that I'm up around 25,000% though. My investments have been a major success for me so far.
lol a self-confesed amateur who is giving people financial advice on public forums. Don't you love it. No one pays you? WOW how....unusual. Congrats on the 25,000% increase. FECKIN LOL Wanna tell us you starting capital just to fill in the complete picture.
Luckily for me this is where the complacency and over-confidence comes in for you. I wish you well with your...500k USD?
My starting capital was about 0.01 BTC. Now go ahead and laugh about how poor I am but I'll be the one laughing in a couple of months time when I've turned that into 1000 BTC if my plans work out. That's an increase of 1,000,000% in about 6 months.
Oh, and let's not forget this post:
would someone who is clever than I please give me some network speed guestimates for year end please.
Between 2500 TH/s and 4000 TH/s(30% jumps on each difficulty change)
This is conservative too.
Not happening.
We're at 13+ PH/s at this moment..
So please stop spreading the FUD.
Don't get me wrong, If LABCOIN was delivering what they promised, the shareprice would defenitely increase. 100% agreed.
Asicminer however have proofed they deliver, they are able to scale (datacenter), have made
I really believe friedcat is gonna blow our minds this year again, sooner or later.
It's obvious that the network hashrate percentage of Asicminer currently isn't as high as everybody expected months ago,
but even you (and me neither) weren't expecting a 10+ PH/s by the end of 2013..
But I'm pretty sure friedcat learnt from that., and 'll be back in the game when he's ready for it.
January 03, 2014, 06:22:08 PM
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
Yes, I stated on many occasions that Labcoin would be very profitable if it wasn't a scam. And it would have been. Unfortunately for a lot of people, it was a scam. How is that relevant? My arguments are based on the available data. Simple as that.
Not sure if mabsark is a troll or actually believes what he is posting. Either way I've found that by betting against mabsarks predictions you literally cannot lose money.
Pretty much everyone called me a troll back when shares were going for 4+ BTC, ignored my arguments, told everyone else to ignore my argument and put me on their ignore list, then carried on buying shares at 4+ BTC. Those people lost shit loads of money. The arguments I made were completely obvious yet most people could not help deluding themselves. Take a look at the argument yourself and tell me if you think it was obvious. Those people lost money because they ignored the facts and listened to people blinded by greed.
I'm not telling people to take my word as gospel, I'm telling people - as I always do - to do the maths themselves.
January 03, 2014, 04:41:25 PM
Methinks Mabsark is upset he missed
Wouldn't be surprising as his whole posting history is failed predictions.Over 0.40 now. I don't get it. Worse dividends ever, no hope of anything better for weeks. Stock jumps up 50%.
Unless you account AM is in development mode again - same way shares that did not deliver anything yet, but promise future revenue, get traded.Really pankkake? Remember when shares where going for 4+ BTC and I said this:
It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
To which you replied:
AM will probably have better hardware to sell than what they have now by then. They will also be able to sell their old, less-efficients ASICs (sure it will be for less) if they replace them in their datacenter.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
and,
You're missing the part where I think they will have better hardware, and while it will have to be priced better, it will also be still competitive. The selling of older hardware is just icing on the cake.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
Remind me how that turned out again. You guys are all blinded by greed again and you're all going to get burned again. I've shown you guys the numbers, if you don't believe those numbers, then use your own values and do the maths yourselves. Look at the facts.
Edit: I urge everyone to go back to page 20 of the speculation thread. The argument I made back then was blatantly obvious to me, yet I could count the number of people who understood that on one hand. People delude themselves into believing nonsense simply because they want that nonsense to be true. Unfortunately, reality does not work like that.
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
Not sure if mabsark is a troll or actually believes what he is posting. Either way I've found that by betting against mabsarks predictions you literally cannot lose money.
January 03, 2014, 04:33:33 PM
Methinks Mabsark is upset he missed
Wouldn't be surprising as his whole posting history is failed predictions.Over 0.40 now. I don't get it. Worse dividends ever, no hope of anything better for weeks. Stock jumps up 50%.
Unless you account AM is in development mode again - same way shares that did not deliver anything yet, but promise future revenue, get traded.Really pankkake? Remember when shares where going for 4+ BTC and I said this:
It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
To which you replied:
AM will probably have better hardware to sell than what they have now by then. They will also be able to sell their old, less-efficients ASICs (sure it will be for less) if they replace them in their datacenter.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
and,
You're missing the part where I think they will have better hardware, and while it will have to be priced better, it will also be still competitive. The selling of older hardware is just icing on the cake.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
Remind me how that turned out again. You guys are all blinded by greed again and you're all going to get burned again. I've shown you guys the numbers, if you don't believe those numbers, then use your own values and do the maths yourselves. Look at the facts.
Edit: I urge everyone to go back to page 20 of the speculation thread. The argument I made back then was blatantly obvious to me, yet I could count the number of people who understood that on one hand. People delude themselves into believing nonsense simply because they want that nonsense to be true. Unfortunately, reality does not work like that.
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.
January 03, 2014, 04:12:13 PM
whatever happens friedcat should do some form of update... hopefully soon
January 03, 2014, 03:35:20 PM
There appears to be quite a bit of speculation as to whether AM is capable of capturing 5% or 10% of the global hash again. I think it it premature to suggest they cannot. It is still very early in the game and the future of bitcoin has not yet been written. The only certainty is that the landscape will be very different in a few years.
There is one projection i will make though: If AM manages to seize 5%, 10% or 20% of the global hash, it will give the term "butthurt" a whole new meaning for quite a few people in the mining business, both great and small. It does not appear that anyone anywhere is factoring in that possibility in their calculations.
There is one projection i will make though: If AM manages to seize 5%, 10% or 20% of the global hash, it will give the term "butthurt" a whole new meaning for quite a few people in the mining business, both great and small. It does not appear that anyone anywhere is factoring in that possibility in their calculations.
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