ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 563.

lobbes

full member

Activity: 240

Merit: 101

Quote from: Rival on December 03, 2013, 10:28:32 AM

There is certainly a great desire for more communication from FC. However, one must realize what a double-edged sword that is. FC puts out a statement, and then for the next two weeks everyone on the forum is trying to examine every comma and every nuance to glean what the message "really" means. Everything gets twisted and interpreted, and in the end we are generally no better off than we were to begin with.

Sometimes I think watching 100 posts complaining of a lack of communication is preferable to 1000 posts arguing what the meaning of the word "is" is.

I dunno, have you seen the ActiveMining thread? Wink

I'm about to dive into these 800 pages, but I see that AsicMiner is moving to direct shares after the bitfunder fiasco. Are there plans to move to a colored coins trading solution at some point?

AM is one of the few securities with a proven track-record, so I've always been interested... gotta start some due diligence

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: Rival on December 03, 2013, 10:28:32 AM

There is certainly a great desire for more communication from FC. However, one must realize what a double-edged sword that is. FC puts out a statement, and then for the next two weeks everyone on the forum is trying to examine every comma and every nuance to glean what the message "really" means. Everything gets twisted and interpreted, and in the end we are generally no better off than we were to begin with.

Sometimes I think watching 100 posts complaining of a lack of communication is preferable to 1000 posts arguing what the meaning of the word "is" is.

On the other hand, we have this problem only because he sometimes isn't very clear, and more improtantly because he doesn't address every issue.

Rival

hero member

Activity: 504

Merit: 502

There is certainly a great desire for more communication from FC. However, one must realize what a double-edged sword that is. FC puts out a statement, and then for the next two weeks everyone on the forum is trying to examine every comma and every nuance to glean what the message "really" means. Everything gets twisted and interpreted, and in the end we are generally no better off than we were to begin with.

Sometimes I think watching 100 posts complaining of a lack of communication is preferable to 1000 posts arguing what the meaning of the word "is" is.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: aahzmundus on December 03, 2013, 08:40:10 AM

Can anyone tell me how the recovery from GLBSE's closure was handled? Basically I was around when GLBSE was the king, but kind of ignored the BTC space for a good 7 months, and in that time GLBSE closed down. While going through a stack of old hard drives looking for old wallet.dat files, I happened across my GLBSE RSA public and private key.

From my previous research into AM, I know there are still unclaimed shares, I cant help but be optimistic that some of those may be mine.

I should probably ask friedcat directly, but I know people here may be able to answer my question, and save friedcat his valuable time. Is there some listing of public GLBSE keys to shares? Or how would I prove ownership? I still have my wallet from that time, but I have no idea what addresses I used on GLBSE (I was bad at labeling back then).

You could ask it also at SE, both because someone might help you, and more importantly so that anybody else with your problem will be able to google it and find the solution Wink

aahzmundus

hero member

Activity: 644

Merit: 500

Invest & Earn: https://cloudthink.io

Can anyone tell me how the recovery from GLBSE's closure was handled? Basically I was around when GLBSE was the king, but kind of ignored the BTC space for a good 7 months, and in that time GLBSE closed down. While going through a stack of old hard drives looking for old wallet.dat files, I happened across my GLBSE RSA public and private key.

From my previous research into AM, I know there are still unclaimed shares, I cant help but be optimistic that some of those may be mine.

I should probably ask friedcat directly, but I know people here may be able to answer my question, and save friedcat his valuable time. Is there some listing of public GLBSE keys to shares? Or how would I prove ownership? I still have my wallet from that time, but I have no idea what addresses I used on GLBSE (I was bad at labeling back then).

GTR_JOEY

member

Activity: 99

Merit: 10

Quote from: 101111 on December 03, 2013, 02:11:19 AM

Anyone got any news on the transfer of bitfunder G.asicminer shares to direct? tia

would also like to know this

101111

hero member

Activity: 525

Merit: 500

Anyone got any news on the transfer of bitfunder G.asicminer shares to direct? tia

laustcozz

newbie

Activity: 32

Merit: 0

Quote from: gogxmagog on December 03, 2013, 01:04:38 AM

if AM can become a leader in asic cooling solutions thats ok with me. as long as they lead, they will profit, and mining seems to be a unwinnable game right now.

KNC's latest devices with the 20nm chips that won't even be delivered for 3+ months are selling for ~$4 GH. Way back FriedCat said that our costs were <$10 GH. That puts asicminer's Gen1 stuff still in the same ballpark as the very best around. I don't think we are going to have any problem pulling a nice profit mining next year unless Gen3 bombs the same way Gen2 did.

bitsalame

donator

Activity: 714

Merit: 510

Preaching the gospel of Satoshi

Quote from: gogxmagog on December 03, 2013, 01:04:38 AM

Quote from: antirack on December 02, 2013, 11:55:11 PM

Some more news online:

International Business Times:
Secret Bitcoin Mine: Chinese Facility Uses Boiling Liquid To Cool Massive Computers That Generate Bitcoins
http://www.ibtimes.com/secret-bitcoin-mine-chinese-facility-uses-boiling-liquid-cool-massive-computers-generate-bitcoins

The Verge: The secret Hong Kong facility that uses boiling goo to mine Bitcoins
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

I love these bloggers who simply cut and paste text from another source and call themselves "journalists"
anyway, the more outlets this news gets the better. I'm curious just how advantageous this cooling system turns out to be...if AM can become a leader in asic cooling solutions thats ok with me. as long as they lead, they will profit, and mining seems to be a unwinnable game right now.

As long as they cite the source, it is fair play.
This is how newspapers work, most of them simply forward what they get from news agencies such as Reuters, EFE, EP, AFT, APA, etc...

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

Quote from: antirack on December 02, 2013, 11:55:11 PM

Some more news online:

International Business Times:
Secret Bitcoin Mine: Chinese Facility Uses Boiling Liquid To Cool Massive Computers That Generate Bitcoins
http://www.ibtimes.com/secret-bitcoin-mine-chinese-facility-uses-boiling-liquid-cool-massive-computers-generate-bitcoins

The Verge: The secret Hong Kong facility that uses boiling goo to mine Bitcoins
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

I love these bloggers who simply cut and paste text from another source and call themselves "journalists"
anyway, the more outlets this news gets the better. I'm curious just how advantageous this cooling system turns out to be...if AM can become a leader in asic cooling solutions thats ok with me. as long as they lead, they will profit, and mining seems to be a unwinnable game right now.

antirack

hero member

Activity: 489

Merit: 500

Immersionist

Some more news online:

International Business Times:
Secret Bitcoin Mine: Chinese Facility Uses Boiling Liquid To Cool Massive Computers That Generate Bitcoins
http://www.ibtimes.com/secret-bitcoin-mine-chinese-facility-uses-boiling-liquid-cool-massive-computers-generate-bitcoins

The Verge: The secret Hong Kong facility that uses boiling goo to mine Bitcoins
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

I got the "question to rule them all".
- Will the PR you mentionned in your last communication be able to cover all those basic questions BEFORE answers are begged for?

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: ThunderSheep on December 01, 2013, 06:07:56 AM

Quote from: ThickAsThieves on November 30, 2013, 07:04:58 PM

Quote from: explorer on November 30, 2013, 05:41:56 PM

Is anyone compiling a list of questions for the board, as was previously done?

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

When can we expect an official public relations appointment and what channels will be used to announce information?
What is the size of the first Gen 3 deployment and when is it expected?
How will Gen 3 be divided between mining, franchising and hardware sales?
What process size does Gen 3 use?
What will happen after all cubes are sold? Will there be anything coming between now and the first Gen 3 deployment?
Have dividends been paid out to shareholders for the cube sales yet?

Would anyone be so kind as to put these into some format that could be voted on?

Would anyone like to add anything? Ask in the thread or send me a PM and I'll update the list.

ThickAsThieves, is there a particular date to use as a deadline to make things easier for yourself and Friedcat? It would seem fair to allow Friedcat at least a week to prepare proper responses.

Great set of questions. The question from "apollojmr" about whether AM will branch out into altcoin mining is a good one as well.

neutralist

member

Activity: 85

Merit: 10

Quote from: apollojmr on December 01, 2013, 03:21:38 PM

~Who are you Friedcat? Do you ever plan on revealing your identity to the public?

Friedcat = Satoshi Grin

apollojmr

sr. member

Activity: 311

Merit: 250

The Power Of The Coin Is Awesome!!

Quote from: ThickAsThieves on December 01, 2013, 10:42:18 AM

Quote from: ThunderSheep on December 01, 2013, 06:07:56 AM

Quote from: ThickAsThieves on November 30, 2013, 07:04:58 PM

Quote from: explorer on November 30, 2013, 05:41:56 PM

Is anyone compiling a list of questions for the board, as was previously done?

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

When can we expect an official public relations appointment and what channels will be used to announce information?
What is the size of the first Gen 3 deployment and when is it expected?
How will Gen 3 be divided between mining, franchising and hardware sales?
What process size does Gen 3 use?
What will happen after all cubes are sold? Will there be anything coming between now and the first Gen 3 deployment?
Have dividends been paid out to shareholders for the cube sales yet?

Would anyone be so kind as to put these into some format that could be voted on?

Would anyone like to add anything? Ask in the thread or send me a PM and I'll update the list.

ThickAsThieves, is there a particular date to use as a deadline to make things easier for yourself and Friedcat? It would seem fair to allow Friedcat at least a week to prepare proper responses.

Your questions have been forwarded, no need to vote.

Also a few more questions to ask should be::
~What is the stance on making equipment that has greater power than previous models? We have only seen the cubes at a whopping 38GH are there any plans to sell equipment with any level of TH power?
~If we have seen proven time after time that communication helps the price of the shareholders stock high, then why are we losing faith with zero communication?
~Are there any plans at all at branching out into any merged mining/ altcoin mining?
~Who are you Friedcat? Do you ever plan on revealing your identity to the public?
~How many people are involved in Bitfountain?
I am not sure if any of these questions will be answered but the lack of answering will only make more doubt in the whole scheme of things.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: ThunderSheep on December 01, 2013, 06:07:56 AM

Quote from: ThickAsThieves on November 30, 2013, 07:04:58 PM

Quote from: explorer on November 30, 2013, 05:41:56 PM

Is anyone compiling a list of questions for the board, as was previously done?

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

When can we expect an official public relations appointment and what channels will be used to announce information?
What is the size of the first Gen 3 deployment and when is it expected?
How will Gen 3 be divided between mining, franchising and hardware sales?
What process size does Gen 3 use?
What will happen after all cubes are sold? Will there be anything coming between now and the first Gen 3 deployment?
Have dividends been paid out to shareholders for the cube sales yet?

Would anyone be so kind as to put these into some format that could be voted on?

Would anyone like to add anything? Ask in the thread or send me a PM and I'll update the list.

ThickAsThieves, is there a particular date to use as a deadline to make things easier for yourself and Friedcat? It would seem fair to allow Friedcat at least a week to prepare proper responses.

Your questions have been forwarded, no need to vote.

ThunderSheep

member

Activity: 88

Merit: 10

The sheep who walks through walls.

Quote from: ThickAsThieves on November 30, 2013, 07:04:58 PM

Quote from: explorer on November 30, 2013, 05:41:56 PM

Is anyone compiling a list of questions for the board, as was previously done?

Mostly people just repeatedly ask when the next poll will happen.

When it comes down to it, people are either too lazy to compile a sane list of questions, realize their questions aren't good ones, or have already been answered.

If you guys get a reasonable list of such unanswered questions together, I'd be glad to present them to FC.

This has been the case since the first poll.

Going over the posts since the last official update on November 22, I've compiled the following list.

When can we expect an official public relations appointment and what channels will be used to announce information?
What is the size of the first Gen 3 deployment and when is it expected?
How will Gen 3 be divided between mining, franchising and hardware sales?
What process size does Gen 3 use?
What will happen after all cubes are sold? Will there be anything coming between now and the first Gen 3 deployment?
Have dividends been paid out to shareholders for the cube sales yet?

Would anyone be so kind as to put these into some format that could be voted on?

Would anyone like to add anything? Ask in the thread or send me a PM and I'll update the list.

ThickAsThieves, is there a particular date to use as a deadline to make things easier for yourself and Friedcat? It would seem fair to allow Friedcat at least a week to prepare proper responses.

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: Xu on November 30, 2013, 09:33:12 PM

Quote from: SebastianJu on November 30, 2013, 08:50:41 PM

Quote from: Xu on November 30, 2013, 08:38:08 PM

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

I think he paid them out already. The cubes most probably have a thin profitabilty now anymore since its gen1. So lets say 3000 are sold for a profit of 0.1BTC makes 300BTC in total for one week. Not so very much. At least thats how i think it worked.

Could be. I thought the last couple weeks were just mining plus the franchise mining. I think this goes back to the basic lack of communications. Greatly looking forward to better communications.

If you follow the feeder addresses of Asicminer then there are always not small amounts of values in it that most probably are miner sales since the prices are so made up.

Quote from: empoweoqwj on November 30, 2013, 09:51:02 PM

Quote from: SebastianJu on November 30, 2013, 08:50:41 PM

Quote from: Xu on November 30, 2013, 08:38:08 PM

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

I think he paid them out already. The cubes most probably have a thin profitabilty now anymore since its gen1. So lets say 3000 are sold for a profit of 0.1BTC makes 300BTC in total for one week. Not so very much. At least thats how i think it worked.

Weren't the cubes being sold for 1BTC a piece? I'm pretty sure the profit margin is way more than 10%.

The only question I have for fc is "when is the better communication coming"? Its not that I'm too lazy to ask a reasonable question, just too lazy to ask questions that will go unanswered anyway .....

Right... he probably would pay out the whole price and when he needs money for reinvestment retract divs again.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: SebastianJu on November 30, 2013, 08:50:41 PM

Quote from: Xu on November 30, 2013, 08:38:08 PM

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

I think he paid them out already. The cubes most probably have a thin profitabilty now anymore since its gen1. So lets say 3000 are sold for a profit of 0.1BTC makes 300BTC in total for one week. Not so very much. At least thats how i think it worked.

Weren't the cubes being sold for 1BTC a piece? I'm pretty sure the profit margin is way more than 10%.

The only question I have for fc is "when is the better communication coming"? Its not that I'm too lazy to ask a reasonable question, just too lazy to ask questions that will go unanswered anyway .....

Xu

newbie

Activity: 26

Merit: 0

Quote from: SebastianJu on November 30, 2013, 08:50:41 PM

Quote from: Xu on November 30, 2013, 08:38:08 PM

I have just one question for FC (or anyone else who can answer authoritatively): where are the dividends from hardware sales? I was kind of expecting them a couple weeks ago, then I was really expecting them last week. Now I am totally uncertain when or even if they will ever be paid. I suspect a lot of other shareholders (and former shareholders) are in the same boat.

I think he paid them out already. The cubes most probably have a thin profitabilty now anymore since its gen1. So lets say 3000 are sold for a profit of 0.1BTC makes 300BTC in total for one week. Not so very much. At least thats how i think it worked.

Could be. I thought the last couple weeks were just mining plus the franchise mining. I think this goes back to the basic lack of communications. Greatly looking forward to better communications.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 563. (Read 3917468 times)