ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 613.

adara

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Quote from: bitcoin.newsfeed on November 06, 2013, 11:25:11 AM

Quote from: Elokane on November 06, 2013, 10:40:32 AM

Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

* I think that the only reason, why AM lost 10%+ of the network(which caused lower divs and then share price) is massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

Are you suggesting that there's a relation between these failures?

Could be, why not. We don't have official news, so it's worth thinking about. I think some of them are cooperating behind the curtains. Especially those in China. It may not be wrong at all. Friedcat said "We met with two other groups making 65/55nm in China interested in collaboration", also from BTCGARDEN FAQ site "We also had some contacts with them(AM) through either IM tools or in person". ...

BTCGARDEN fail : " our ASIC miner hardware is suffering a very big BUG,here it is"
https://bitcointalksearch.org/topic/m.3448394

In the same time AM Gen2 fail

& In the same time Cointerra *fired their whole R&D team
https://bitcointalksearch.org/topic/m.3495875

I don't follow HashFast but i read somewhere that they have some 2months delays or what ... and no comment about Labcoin, i think they are also from China.

Seems like Bitfury is eating everybody's lunch at this point in time. No doubt it will be an interesting race to follow.

dvdrewritable

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attached few cube photos

price show around as 1.68/1.78

bitcoin.newsfeed

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Quote from: Elokane on November 06, 2013, 10:40:32 AM

Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

* I think that the only reason, why AM lost 10%+ of the network(which caused lower divs and then share price) is massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

Are you suggesting that there's a relation between these failures?

Could be, why not. We don't have official news, so it's worth thinking about. I think some of them are cooperating behind the curtains. Especially those in China. It may not be wrong at all. Friedcat said "We met with two other groups making 65/55nm in China interested in collaboration", also from BTCGARDEN FAQ site "We also had some contacts with them(AM) through either IM tools or in person". ...

BTCGARDEN fail : " our ASIC miner hardware is suffering a very big BUG,here it is"
https://bitcointalksearch.org/topic/m.3448394

In the same time AM Gen2 fail

& In the same time Cointerra *fired their whole R&D team
https://bitcointalksearch.org/topic/m.3495875

I don't follow HashFast but i read somewhere that they have some 2months delays or what ... and no comment about Labcoin, i think they are also from China.

finlof

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Quote from: binaryFate on November 06, 2013, 10:46:28 AM

Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

...
massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

* BFL didn't fail in the chip design, but in everything else
* LabCoin I believe never intended to design anything, so I'd call it a plain scam rather than a failure
* Cointerra, why do you think they failed?
* HashFast, BTCGARDEN: I didn't follow the stories that much. If anybody could summarize in two lines what's up with them... I thought HashFast at least seemed on track not long ago?

BFL did fail in the chip design. thats what ended up taking so long to deliver. they either werent able to produce a working chip or kept trying to make their chip meet the power specs they originally released.

adara

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Wow, that was low div again, as expected.
Here you have a company with profits declining around 20% weekly.
Not a good management of its earlier success. Even with new announcements that rate of decline is a disaster.

binaryFate

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Still wild and free

Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

...
massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

* BFL didn't fail in the chip design, but in everything else
* LabCoin I believe never intended to design anything, so I'd call it a plain scam rather than a failure
* Cointerra, why do you think they failed?
* HashFast, BTCGARDEN: I didn't follow the stories that much. If anybody could summarize in two lines what's up with them... I thought HashFast at least seemed on track not long ago?

Elokane

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Truth is a consensus among neurons www.synereo.com

Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

* I think that the only reason, why AM lost 10%+ of the network(which caused lower divs and then share price) is massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

Are you suggesting that there's a relation between these failures?

prancing_around

newbie

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Bitcoin price going through the roof has to be very good for AM, I'd wager that AM has more bitcoins than most of the other mining companies combined. In fact, AM is probably one of the largest holders of bitcoins worldwide.
Is there a rough figure for how many bitcoins AM has?

velacreations

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Activity: 476

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Quote from: bitcoin.newsfeed on November 06, 2013, 10:29:47 AM

Mabsark I think that your prediction about ASICminer back then was pretty dumb, here's why :

So you said that the mining company which made a promise for shareholders to hold minimum 10% of the network and is mining 2520 BTC/week with another stream of 2000+ BTC from sales/growing franchises is paying steady div min 0.0113 (actually it was in range 0.015-0.03 for 3 months) and considering the share price of 2.50 BTC with APR in range 20%-60% is vastly overpriced? I don't get it !

what he's trying to say is that he was right, because the share price fell a month or so after his prediction. The problem with this, is that he was very wrong, first, as the share price climbed considerably (and also divs) after his prediction.

If someone says "a share price will drop" they will always be right, if given a long enough timeline. But, in the short term, it is very possible for them to be wrong (as is the case with Mabsark).

101111

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At least this week's div is higher than last weeks in $ terms Wink

(by my rough calc 78c v 74c)

bitcoin.newsfeed

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Mabsark I think that your prediction about ASICminer back then was pretty dumb, here's why :

So you said that the mining company which made a promise for shareholders to hold minimum 10% of the network and is mining 2520 BTC/week with another stream of 2000+ BTC from sales/growing franchises is paying steady div min 0.0113 (actually it was in range 0.015-0.03 for 3 months) and considering the share price of 2.50 BTC with APR in range 20%-60% is vastly overpriced? I don't get it !

* I think that the only reason, why AM lost 10%+ of the network(which caused lower divs and then share price) is massive failure in Gen2 chip design which hit the whole mining industry, not just ASICminer (look at Cointerra, HashFast, BTCGARDEN, BFL and LabCoin)

So I believe that the Friedcat & Co., is doing everything right to get the job done with gen3 ... otherwise we're all fucked.

robix

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Quote from: aahzmundus on November 06, 2013, 10:20:40 AM

Quote from: binaryFate on November 06, 2013, 10:18:17 AM

0.00290692

Confirmed

Hmmm. An update would be appropriate.

aahzmundus

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Invest & Earn: https://cloudthink.io

Quote from: binaryFate on November 06, 2013, 10:18:17 AM

0.00290692

Confirmed

binaryFate

legendary

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Still wild and free

0.00290692

velacreations

sr. member

Activity: 476

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looks like div will be around ~~.0028~~ or so

0.00290692

finlof

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incoming...

velacreations

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Quote from: Bargraphics on November 06, 2013, 09:37:47 AM

Actually he kept trying to flip ActM for more LC shares and then flip back. Too bad he flipped his ActM right when LC was found out to be a scam. We haven't heard much from him since.

It's nice to see you again Masbark, thought you might have left us for good.

I guess that's why he kept defending them against missed deadlines.

Bargraphics

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Every man is guilty of all the good he did not do.

Quote from: velacreations on November 06, 2013, 09:31:43 AM

Quote from: ?? on ??

Quote from: Mabsark on November 06, 2013, 05:27:44 AM

Things played out exactly how I said they would.

Said the guy who invested in labcoin and activemining.
Please, just fade away.

+1
I remember how he was telling us how he was going to make a ton on LC then buy ActM and make a ton there, and then buy AM around the end of the year.

I guess LC being a scam, didn't work out too well, he should have listened to everyone warning him, instead of calling them a troll.

Actually he kept trying to flip ActM for more LC shares and then flip back. Too bad he flipped his ActM right when LC was found out to be a scam. We haven't heard much from him since.

It's nice to see you again Masbark, thought you might have left us for good.

velacreations

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Activity: 476

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Quote from: ?? on ??

Quote from: Mabsark on November 06, 2013, 05:27:44 AM

Things played out exactly how I said they would.

Said the guy who invested in labcoin and activemining.
Please, just fade away.

+1
I remember how he was telling us how he was going to make a ton on LC then buy ActM and make a ton there, and then buy AM around the end of the year.

I guess LC being a scam, didn't work out too well, he should have listened to everyone warning him, instead of calling them a troll.

But you know, when he made that prediction above about AM being overvalued, AM was around 3.2, and had yet to post the highest divs to date. The share price grew almost 60% after that warning.

robix

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Quote from: SOSLOVE868 on November 06, 2013, 09:02:23 AM

Quote from: binaryFate on November 06, 2013, 08:54:26 AM

TGB just released an analysis of the last financial statement. The computed all amounts in 3 currencies (unlike original statement), to start with.

http://thegenesisblock.com/new-asicminer-financial-statements-offer-performance-insight/

how about the PT shares in BF when BF closed? will the shares become direct shares? if anyone knows please let me know.

https://bitcointalksearch.org/topic/m.3483811

and

https://bitcointalksearch.org/topic/m.3489909

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 613. (Read 3917468 times)