Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 546. (Read 3917468 times)

Who is Allied Control, and why does CNN know more about them then I do... -_-

http://money.cnn.com/gallery/technology/2013/12/17/bitcoin-mine/

Also, rather than money later it's "maybe" money later, at an uncertain amount and valuation.

1. because usually "money now" is better than "money later" (obviously depends on how much money now, how much money later and how much later)
2. because that machine requires mantainance and maybe you don't want to bother with that if you have an alternative
3. because just selling the machine is usually much much much more simpler on a bureocratic perspective, than "creating money"

A lot of folks in this community look beyond a week as well.  Falling dividends, failed gen2 hardware attempt, nothing but future dates for gen3 (so kinda like KNC, it's a plan with some dates attached as of right now, just not selling pre-orders), and no comment on the liquid cooling business.  There is a theoretical limit on how much folks are investing in this death-spiral to the bottom that we all know and love as mining, if folks like KNC or even CoinTerra manage to start rolling out 2TH+ devices that's about the end of any guesstimate for network speed or ROI on hardware. 

Long-term => we're facing the brink when the block reward halves again, but long before that we're going to get to the point that basically only the vendors can afford mining equipment anymore because there will be no room for margin.  When everything on the market produces negative ROI, people will stop buying.  At the end of the day, people will stop "investing" too because in the long-term there aren't any real benefits to keeping money in a venture that is continually depreciating.  Yes there may be a bump up in however many months it takes FC and crew to release more hardware or capture more of the network hashrate, but most folks who paid into AM shares likely won't even get the fiat value of their original purchase back, even with dividends included.  Sad facts.

So yes, folks in the community can be short-sighted, but long-term there aren't many good reasons to keep cash in anything but BTC.  You can liquidate immediately, costs zero power to maintain, you can trade and play the market to possibly profit, and you aren't starting at net negative (some people will call it sunk costs) to attempt to earn your money back while a vendor profits immediately.  Believe me, as someone who owns AM shares I'd love to see them rise from the ashes and become a market force again, but I have next to zero faith in this happening.  Like playing the lottery, I have my tickets, hope they pay off one day.  But not counting on it.

I think FC is acquiring people/companies/investors who will be buying the gen 3 chips for use in their own equipment and/or franchised hosting. I don't we'll be seeing a fully-fledged report but rather (maybe) a side note in an upcoming announcement "a meeting has been held to discuss deployment of gen 3 hardware"

I do believe its December 17th in Asia. I should know really as I live here 

Let's hope we get some kind of well-translated report from the meeting, but I guess it might all be private?

The BTC community is incredibly short-sighted. Investors are called investors for a reason. They look beyond a week.

I agree with this.  We may see an increase in demand for mining equipment in China.

If you mean this:
http://forexmagnates.com/china-bans-payment-firms-from-working-with-bitcoin-exchanges/

then:
It's just the bank expressing what the chinese government expressed,  Banks and traditional money services are being walled off from bitcoin. their fear is that if bitcoin fails, the gov would have to prop it up to keep their currency from going down with it.  China will have to find a "local bitcoins" type solution to get into bitcoin. . .or buy miners.  Products have to be denominated in Yuan, but it doesn't mean that can't be converted to a bitcoin value for payment.  Unless you have another source that is a quote from a quote.

basically people can do bitcoins, but china's financial system has to stay the fuck out of it, because at this point they want to take a wait and see if it fails, before trusting their economy to it

Edit: further more, buying a miner with btc to mine btc is pointless.  BUT, buying one with fiat to get BTC is why they exist in the first place.  The model of selling miners for BTC is a fail model, AM could really use this to it's advantage, if they can capitalize in yuan. then leave their mining profits in BTC, but use yuan to pay their supply line

please link to the "more recent" one, cuz it seems like peeps are just rehashing the same on for 10 days

looks like that was from 10 days ago? not the recent news?

Thanks for that link!

Don't go off all half-cocked people:

http://www.reddit.com/r/Bitcoin/comments/1s61x1/what_the_actual_chinese_notice_not_summary_says/

I don't do it through email, I do it through forum PM. The forum doesn't have spam filtering. Has he announced hes no longer checking forum PMs?

 ohoh   http://www.reddit.com/r/Bitcoin/comments/1t15hy/this_is_much_worse_than_dec_5_conformation_and/

Nothing. My bad. It was a mind fart.

Elaborate please. Not sure what you're referring to with "importing legally".

I corresponded with him by e-mail last week to clear up an AM share transfer. Everything worked out just fine... sorry to hear you are having trouble though.

Importing legally might prove not so easy.

He has not responded to me in PM, I have several transfers that have not gone through for several weeks now. I don't know whats going on.