Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 548. (Read 3917468 times)
December 16, 2013, 11:07:53 AM
Can someone tell me why friedcat is no longer processing AM transfers?
December 16, 2013, 09:11:45 AM
Up now for me: AM1 at 2.5 AM100 at .0024.
would be nice if AM1 was for 2.5 BTC
I am an optimistic person but I don't think that we will see this number again 
December 16, 2013, 08:58:29 AM
LOLZ yeah... messed that one up! .25
My brain is still used to share prices a... little higher then they are now it seems.
http://en.wikipedia.org/wiki/Freudian_slipMy brain is still used to share prices a... little higher then they are now it seems.
It can happen also when typing... I often laugh when I type "lsd" instead of "ls" on linux
We will be back up there one day!
December 16, 2013, 08:56:26 AM
LOLZ yeah... messed that one up! .25
My brain is still used to share prices a... little higher then they are now it seems.
My brain is still used to share prices a... little higher then they are now it seems.
December 16, 2013, 08:49:27 AM
AM1 at 2.5
If only... December 16, 2013, 08:48:39 AM
Up now for me: AM1 at 2.5 AM100 at .0024.
December 16, 2013, 07:48:20 AM
whats up with havelock, it doesn't load the page.
offline/down?
offline/down?
Down for me. Wouldn't stress on it. Goes down every couple of weeks but never for very long.
December 16, 2013, 07:46:01 AM
whats up with havelock, it doesn't load the page.
offline/down?
offline/down?
December 16, 2013, 07:29:23 AM
A rumor...
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
Source?There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
It's a rumor..
Someone have received the invitation letters and posted it on QQ group.
Being approached by potential investors ...... Intel anyone?
December 16, 2013, 07:13:51 AM
A rumor...
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
Source?There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
It's a rumor..
Someone have received the invitation letters and posted it on QQ group.
Sounds plausible.
Quote
- What will happen after all cubes are sold? Will there be anything coming between now and the first Gen 3 deployment? During pre-production and production of the Gen3, most of our time will be spent on negotiating large chip orders (from us) and locating large-scale mining farm operations.
December 16, 2013, 07:11:51 AM
A rumor...
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
Source?There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
It's a rumor..
Someone have received the invitation letters and posted it on QQ group.
December 16, 2013, 07:10:08 AM
Gen2 never happened. Let's just leave it at that. If you want more, contact FC's long-promised but non-existent PR department
its ok, jutarul answered me
December 16, 2013, 07:04:40 AM
A rumor...
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
Source?
December 16, 2013, 07:03:44 AM
A rumor...
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
There will be a forum organised by Zhongxing Security in Beijing on 17 Dec. FC will introduce AM to some traditional potential investors.
December 16, 2013, 07:01:54 AM
Maybe in the next set of Q's to FC we could ask if there's any progress on the Payment system and the Blockchain-based exchange, unless anyone knows something?
Good question. Completely forgot about that. But with the share price sliding towards zero, not sure FC wants to put his time into such a "small" venture ......
I think the point of the blockchain based exchange was so FC wouldn't have to spend so much time manually transferring shares.
December 16, 2013, 07:01:00 AM
Literally anything you do with btc will not yeild as much return as just holding btc due to the rapid increase in price. In terms of USD almost everyone who bought an asic or invested in asicminer came out ahead.
The reason we are seeing such a price dip is because gen2 chips from AM were skipped which lead to a long gap between new hardware. The reason it was skipped was due to unsatisfactory performance and FC believes gen3 is more promising. Also by skipping gen2, gen3 will arrive sooner.
i checked friedcats posts, and i don't see any statement where he says gen2 is skipped, etc
any link to source where it says gen 2 is stopped/skipped?
I believe it was mentioned in the interview and was confirmed by board member jutarul.
jutarul is in this forum? link?
any reason why friedcat didn't want to include update of gen2 progress(skipped or whatever) in his couple of latest updates?
edit: oh never mind, i see jutarul, lol i am red face
You still talking about Gen2 ? agggh! This stuff was put to be 2 monthsa go, please
yes, i searched this forum and only see some person say, its failed, other say its not failed, just skipped.
what i don't see is friedcat post doesnt mention what happen to gen 2
Gen2 never happened. Let's just leave it at that. If you want more, contact FC's long-promised but non-existent PR department
December 16, 2013, 06:59:38 AM
Maybe in the next set of Q's to FC we could ask if there's any progress on the Payment system and the Blockchain-based exchange, unless anyone knows something?
Good question. Completely forgot about that. But with the share price sliding towards zero, not sure FC wants to put his time into such a "small" venture ......
December 16, 2013, 06:56:13 AM
Could you expand on this:
There are two factors which need to be considered:Quote
That narrative will change to power cost arbitrage, but not before the operating profit margins from mining are down to less than 2-5 fold.
a) In the future no single ASIC hardware producer can install and maintain the amount of equipment they are able to produce, causing them to rely on customers to buy/rent the equipment
b) Different customers have different power and overhead costs. E.g. 0% operating profit at $0.20/kWh mean 100% operating profit at $0.10/kWh mean 900% operating profit at $0.02/kWh. There are only so many places around the world with low power costs...
That leads to a situation where there are simply not enough buyers for ASIC hardware at some point, forcing ASIC hardware producers to lower prices if they still want to keep selling equipment (and thus making lower and lower operating profit margins viable).
However, that said - the tech arbitrage can still go on for some time - I expect it to persist until the bitcoin price hits six to seven digits.
Oh wow.. I didn't expect things could last that long this way.
What solution do you see for the pricing scheme issues, thinking in terms of regular new Bitcoin end-users (not big miners or franchises)?
Is it a problem ASIC companies are interested in solving or is it part of the tech arbitrage? (BFL clearly isn't...)
The mass adoption of Ghash (at very high GH prices!) and their irresponsible use of the network power really frighten me. I would much rather have new people acquiring AM / KNC (either alone or in groupbuys), but I don't think the companies are making it easy for people to adopt them/stay loyal.
December 16, 2013, 06:55:21 AM
Maybe in the next set of Q's to FC we could ask if there's any progress on the Payment system and the Blockchain-based exchange, unless anyone knows something?
December 16, 2013, 06:38:19 AM
Literally anything you do with btc will not yeild as much return as just holding btc due to the rapid increase in price. In terms of USD almost everyone who bought an asic or invested in asicminer came out ahead.
The reason we are seeing such a price dip is because gen2 chips from AM were skipped which lead to a long gap between new hardware. The reason it was skipped was due to unsatisfactory performance and FC believes gen3 is more promising. Also by skipping gen2, gen3 will arrive sooner.
i checked friedcats posts, and i don't see any statement where he says gen2 is skipped, etc
any link to source where it says gen 2 is stopped/skipped?
I believe it was mentioned in the interview and was confirmed by board member jutarul.
jutarul is in this forum? link?
any reason why friedcat didn't want to include update of gen2 progress(skipped or whatever) in his couple of latest updates?
edit: oh never mind, i see jutarul, lol i am red face
You still talking about Gen2 ? agggh! This stuff was put to be 2 monthsa go, please
yes, i searched this forum and only see some person say, its failed, other say its not failed, just skipped.
what i don't see is friedcat post doesnt mention what happen to gen 2
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