Just so I understand the claim is that friedcat will have 1 PH around November 7, which may be around 1/3 to 1/4 of the total network? Just making sure
Wouldn't only a portion of this become part of the farm.. the rest will be sold as hardware
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 638. (Read 3917468 times)
October 24, 2013, 10:50:55 PM
Wouldn't only a portion of this become part of the farm.. the rest will be sold as hardware
October 24, 2013, 10:46:21 PM
Just so I understand the claim is that friedcat will have 1 PH around November 7, which may be around 1/3 to 1/4 of the total network? Just making sure
October 24, 2013, 10:42:54 PM
Sorry if some misunderstanding is caused. The interviewer just confirmed that the 1000P estimation is by the end of 2014, instead of in Feb 2014. Also this estimation is kind of pessimistic, as actual hashrate may be lower than it then.
October 24, 2013, 10:40:38 PM
last ditch effort to pump the price to cash out before it goes below ipo prices.
Typical response of someone who sold at ~0.50.
Don't feel frustrated, you can still get back in
October 24, 2013, 10:32:50 PM
Lol Chinese Pizza hut ad
Hmm moments I wish there was a settings button for garbled english
That said translation greatly appreciated
Might need to get these moon cat pictures back soon pending of course
October 24, 2013, 10:21:40 PM
last ditch effort to pump the price to cash out before it goes below ipo prices.
last ditch effort to get out of short position with shirt still on before AM rebounds. October 24, 2013, 10:12:16 PM
last ditch effort to pump the price to cash out before it goes below ipo prices.
*shrugs* This news is all positive but also very reasonable. Of course it makes sense to wait for Friedcat to post here saying either "Yup, that was me" or "No, those are lies" before making a decision.
October 24, 2013, 10:00:55 PM
last ditch effort to pump the price to cash out before it goes below ipo prices.
October 24, 2013, 09:59:11 PM
panic....buy
edit: thank you very much buy the way
edit: thank you very much buy the way
October 24, 2013, 09:53:15 PM
A brief translation is as below:
1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.
2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.
3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.
4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.
5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.
October 24, 2013, 09:39:28 PM
someone.....please.....translate....
October 24, 2013, 09:20:38 PM
October 24, 2013, 08:54:28 PM
And second half of the interview is just released. .
October 24, 2013, 08:31:56 PM
I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.
yes, that's right
(but not 1000ph, as someone mentioned)
October 24, 2013, 08:26:39 PM
I was referring to the rockxie who held the Chinese ASICMINER presentation. As far as I recall 1000 TH for end of this year were mentioned there.
Edit:
http://wenku.baidu.com/view/ede0631876c66137ee06192f.html
This one. I can't tell the page though, it's just from my memory.
Edit 2:
I think the confussion is that FC allegedly said in the interview that 2014 the network hashrate may hit 1000 PH.
Edit:
http://wenku.baidu.com/view/ede0631876c66137ee06192f.html
This one. I can't tell the page though, it's just from my memory.
Edit 2:
I think the confussion is that FC allegedly said in the interview that 2014 the network hashrate may hit 1000 PH.
October 24, 2013, 07:53:47 PM
He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.
Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
You run the fractional reserve risk with that, but it's possible, specially for small values.
October 24, 2013, 07:52:47 PM
mmm, someone in the chinese forum confirmed the video:
https://bitcointalk.org/index.php?topic=317586.new#new
I think it's time to open an account on havelock, is it fast?
pretty fast. i opened one as soon as i saw the news and had my btc in there within 20 - 30 min. bought some shares, sold 66% of them for the amount i bought all of them to get all my original investment back out. so i have free shares! https://bitcointalk.org/index.php?topic=317586.new#new
I think it's time to open an account on havelock, is it fast?
October 24, 2013, 07:47:42 PM
He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.
Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
October 24, 2013, 07:47:01 PM
mmm, someone in the chinese forum confirmed the video:
https://bitcointalk.org/index.php?topic=317586.new#new
I think it's time to open an account on havelock, is it fast?
https://bitcointalk.org/index.php?topic=317586.new#new
I think it's time to open an account on havelock, is it fast?
October 24, 2013, 07:44:39 PM
He predicted once that the fee will be 15BTC a block, how could he know? even satoshi does not know. Although I hold a good amount of share, I have to admit that I think he said it to make positive effect on AM price.
Seems reasonable to me. I think the fees could one day go greater than 50 btc per block.
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