ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 649.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: bbxx on October 21, 2013, 12:20:36 AM

Quote from: empoweoqwj on October 21, 2013, 12:06:25 AM

Quote from: ?? on ??

Quote from: bbxx on October 20, 2013, 04:23:43 PM

Great news friedcat!

I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.

Now it is good time to take risk of grabbing some more cheap shares !

You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious.

He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all Grin

Lol you are right.

I wonder why sarcasm?
Here is a list i proposed, tell me wchich one is sercastic

1) blockchain based exchange
2) point of sale terminals
3) bitcoin space heaters with coin slots for pubs/bars etc
4) vending machine bitcoin processing modules

Huh

Discuss

1. Ok
2. Out of Scope
3. Terribly inefficient Cheesy

4. I do want to see a vending machine that accepts bitcoin but still a pipe dream.
Use BIPS install IR reader on a vending machine give machine wifi == Woot

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

Quote from: friedcat on October 20, 2013, 11:59:28 AM

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

I can't wait to hear more about this.

dillpicklechips

hero member

Activity: 994

Merit: 507

Quote from: hl5460 on October 21, 2013, 12:44:15 AM

Quote from: stslimited on October 20, 2013, 01:31:03 PM

so Asicminer is working on a blockchain based exchange, and so is ActiveMining

hmm

Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin?

I would wager some type of colored coins. Mastercoin isn't really needed and it allows friedcat to have total control without adding another abstraction layer.

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

Quote from: stslimited on October 20, 2013, 01:31:03 PM

so Asicminer is working on a blockchain based exchange, and so is ActiveMining

hmm

Activemining did mention colored coins? I am wondering what friedcat will choose: mastercoin or colored coin?

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Quote from: empoweoqwj on October 21, 2013, 12:06:25 AM

Quote from: ?? on ??

Quote from: bbxx on October 20, 2013, 04:23:43 PM

Great news friedcat!

I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.

Now it is good time to take risk of grabbing some more cheap shares !

You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious.

He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all Grin

Lol you are right.

I wonder why sarcasm?
Here is a list i proposed, tell me wchich one is sercastic

1) blockchain based exchange
2) point of sale terminals
3) bitcoin space heaters with coin slots for pubs/bars etc
4) vending machine bitcoin processing modules

Huh

Discuss

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Quote from: bbxx on October 20, 2013, 04:23:43 PM

Great news friedcat!

I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.

Now it is good time to take risk of grabbing some more cheap shares !

You know the company isn't looking so hot when I can't tell if this is putrid sarcasm or dead-serious.

He's being serious. I only know that because bbxx is an fc bull. Otherwise I couldn' tell at all Grin

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Franktank on October 20, 2013, 03:26:43 PM

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

starsoccer9

legendary

Activity: 1630

Merit: 1000

so he just conveniently does not mention the promised 500 or 1k terahash by end of the year?

kmtan

full member

Activity: 196

Merit: 100

I love Bitcoin

Thanks for the update..looking forward for the details report soon..

bittop100

full member

Activity: 181

Merit: 100

waiting。。。and waiting

bbxx

hero member

Activity: 728

Merit: 500

cryptoshark

Great news friedcat!

I am sure that huge pile of bitcoins you have accumulated will be invested right way.
Mining is going to be not so profitable anyway, it is time to focus on exchanges,
Pos terminals, BTC space heaters and bitcoin vending machines.

Now it is good time to take risk of grabbing some more cheap shares !

moribana

full member

Activity: 167

Merit: 100

Quote from: dexX7 on October 20, 2013, 03:22:51 PM

Quote from: Lohoris on October 20, 2013, 01:35:26 PM

Because they are losing the mining race

Quote from: Elokane on October 20, 2013, 01:26:33 PM

Because they lost the mining game

On what is this statement based?

Because there is no ready-to-ship gen 2 right now and you think that AM's 40 nm chip will be outdated?

It is very likely that everybody lost the mining game. Meaning that any investment in mining made now and based on currently available chip technology will most likely not be profitable.

Franktank

hero member

Activity: 560

Merit: 500

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: friedcat on October 20, 2013, 11:59:28 AM

Quick Update

The original vague range of October 20s is now made accurate at October 27th, when the projected publication of financial reports. This time it will be more detailed and informative than the last time's.

Upcoming scheduled to be happening (in time order):

Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

Thanks for the update
Also worth noting
We are officially back at 2 Billion marketcap now.
http://blockchain.info/charts/market-cap

Of course how long we stay there is another question entirely in the short term but it is nice to see

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: Lohoris on October 20, 2013, 01:35:26 PM

Because they are losing the mining race

Quote from: Elokane on October 20, 2013, 01:26:33 PM

Because they lost the mining game

On what is this statement based?

Because there is no ready-to-ship gen 2 right now and you think that AM's 40 nm chip will be outdated?

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

I wonder how many asic owning companies will survive. I guess they will ordere more asics than the network can eat and still remain profitable. So some will die i think.

bitmoon

sr. member

Activity: 242

Merit: 250

Quote from: SmiGueL on October 20, 2013, 02:52:23 PM

Quote from: bitmoon on October 20, 2013, 02:31:07 PM

and AM disappeared/drop out from the pie chart (span 24hr) , means properly no block found in 24hr http://blockchain.info/pools?timespan=24hrs

Scroll down a few inch, and see they've found 2 blocks. Wink

true, i had trouble understand the list below, now i know thanks, but it changes nothing AM was dropping out of pie charts and when its in, its 1-3%.

soon network 4 peta Sad

, its getting hot to breath.

SmiGueL

sr. member

Activity: 322

Merit: 252

Quote from: bitmoon on October 20, 2013, 02:31:07 PM

and AM disappeared/drop out from the pie chart (span 24hr) , means properly no block found in 24hr http://blockchain.info/pools?timespan=24hrs

Scroll down a few inch, and see they've found 2 blocks. Wink

bitmoon

sr. member

Activity: 242

Merit: 250

network hash is 3.5 peta hash http://bitcoincharts.com/

and AM disappeared/drop out from the pie chart (span 24hr) , means properly no block found in 24hr http://blockchain.info/pools?timespan=24hrs

hak8or

full member

Activity: 172

Merit: 100

Quote from: friedcat on October 20, 2013, 11:59:28 AM

Upcoming scheduled to be happening (in time order):

Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

So I assume that the repricing will result in much cheaper blades? I don't think the block erupters can go for cheaper than $10 each unless you guys just want to drop the stock at loss.

Immersion cooling - Will you guys be putting out any real information regarding this later on? I am sure as hell that there are many in the industry who would find good data from this test.

Blockchain-based exchange - Now this sounds interesting! Both you guys and AcitveMining are working on this, any way to get into this during your eventual beta phase for someone who doesn't trade much BTC?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 649. (Read 3917468 times)