ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 726.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: conv3rsion on August 11, 2013, 10:02:52 PM

TLDR; I think they are about to absolutely crush it.

Quote from: conv3rsion on August 15, 2013, 02:07:38 PM

Quote from: Vycid on August 14, 2013, 11:04:48 PM

"Guys, where's the money for 0.04 per share gonna come from?"

"Volume!"

Hahahahaha. Grin

Quoting this for the future.

Quote from: conv3rsion on September 05, 2013, 02:14:47 PM

I do. That's why I'm a buyer again.

Remind me, when were you not a buyer?

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: conv3rsion on September 05, 2013, 02:14:47 PM

1) The franchising model only makes sense if you believe that you have the capability to obtain a dangerously high portion of the network

It is also a way to get decentralization "for free" of a mining farm. Thus it reduces dependance over local power outage, physical or digital security breaches, etc.

conv3rsion

sr. member

Activity: 310

Merit: 250

A couple things I'd like to bring up

1) The franchising model only makes sense if you believe that you have the capability to obtain a dangerously high portion of the network

2) AM has been better at the supply chain game than anyone else in the market. BFL raised much more money and developed better performing technology but they couldn't ship shit. I wonder if actually being in China matters... oh right it does.

3) Exponentially increased devices means exponentially increased devices. Friedcat hasn't made a lot of promises that he hasn't come through on. He has a distinct advantage in component pricing and sourcing.

At the end of the day, the question is do you think AM can mine with, sell, or franchise a combined 10-20% of future BTC.

I do. That's why I'm a buyer again.

runeks

legendary

Activity: 980

Merit: 1008

Quote from: neilol on September 05, 2013, 11:51:10 AM

Quote from: Vycid on September 05, 2013, 11:39:25 AM

Quote from: runeks on September 05, 2013, 11:32:34 AM

I'm interested in buying some 84-day puts, issued on btct.co.

I'm thinking a strike price of 2.0 for a premium of 0.35 BTC per contract.

Anyone interested?

If ASICMiner shares stay above 2.0, that's a 65% annualized return - about double what ASICMiner is currently yielding.

Wow, this looks familiar.

I might be interested - Are these American or European execution? 84 days out is a century in BTC land

They are American.

neilol

sr. member

Activity: 302

Merit: 250

Quote from: Vycid on September 05, 2013, 11:39:25 AM

Quote from: runeks on September 05, 2013, 11:32:34 AM

I'm interested in buying some 84-day puts, issued on btct.co.

I'm thinking a strike price of 2.0 for a premium of 0.35 BTC per contract.

Anyone interested?

If ASICMiner shares stay above 2.0, that's a 65% annualized return - about double what ASICMiner is currently yielding.

Wow, this looks familiar.

I might be interested - Are these American or European execution? 84 days out is a century in BTC land

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: runeks on September 05, 2013, 11:32:34 AM

I'm interested in buying some 84-day puts, issued on btct.co.

I'm thinking a strike price of 2.0 for a premium of 0.35 BTC per contract.

Anyone interested?

If ASICMiner shares stay above 2.0, that's a 65% annualized return - about double what ASICMiner is currently yielding.

Wow, this looks familiar.

runeks

legendary

Activity: 980

Merit: 1008

I'm interested in buying some 84-day puts, issued on btct.co.

I'm thinking a strike price of 2.0 for a premium of 0.35 BTC per contract.

Anyone interested?

If ASICMiner shares stay above 2.0, that's a 65% annualized return - about double what ASICMiner is currently yielding.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: hcburger on September 05, 2013, 10:57:32 AM

Friedcat in the latest update:

Quote

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

Any idea what "exponentially increased devices" means?
Does this mean they're planning on assembling a large number of "old" devices?
Or does that mean that they're planning to assemble some form of better devices ("gen1.5")?
Or even gen2 chips (this I doubt, since the plan was November at the earliest)?

I don't see how "exponentially increased" could semanticaly be used for a "form of hardware". And yes, gen2 is far away. So it is clear to me that he's speaking about the new G1-blades, saying that they will have to increase their number to follow the exponentially increasing diff. Basically the 200TH/s batch that we still haven't seen yet, and then the ~1PH/s though it's more fuzzy as it is more long term.
Things probably got delayed because of some hardware problems, that have been solved now as we have seen some working new blades on sell. This was probably a small first batch, and mass production volumes are not available yet, but probably ongoing at the moment.

VJain

sr. member

Activity: 305

Merit: 250

Even if/when ASICMINER get's their 1PH up and running by end of year, will they only be keeping up with the race? There is likely about 10PH+ (underestimating based on BFL 2 week rule) in the works in between the 20000 (sarcasm) manufactures/ASIC companies.

They'd manage to then stay at 10% - keeping the valuation at approximately 2BTC, potentially higher if other investment ROI's decrease across the board (such as CoinLenders dropping 2% APR).

hcburger

newbie

Activity: 13

Merit: 0

Friedcat in the latest update:

Quote

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

Any idea what "exponentially increased devices" means?
Does this mean they're planning on assembling a large number of "old" devices?
Or does that mean that they're planning to assemble some form of better devices ("gen1.5")?
Or even gen2 chips (this I doubt, since the plan was November at the earliest)?

bitsalame

donator

Activity: 714

Merit: 510

Preaching the gospel of Satoshi

Alright, I'm buying more shares lol
Hello 5, we'll meet again.

eastpk

member

Activity: 120

Merit: 10

WINSTARS - We are changing the face of gambling

Quote from: xchrisxsays on September 05, 2013, 10:42:34 AM

Quote from: eastpk on September 05, 2013, 10:40:51 AM

Quote from: bitsalame on September 05, 2013, 10:36:15 AM

Quote from: TheSwede75 on September 05, 2013, 10:32:18 AM

Quote from: ex-trader on September 05, 2013, 10:11:10 AM

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

While this is of course true, it also seems people have forgotten about AM's rollout plans for 800-1000 TH before year-end and the Gen 2 chips. That said, I think we will see a stabilization around 3 BTC once the 'panic' caused by a lot of noobs that purchased shares around 4.5 BTC selling off.

I found that on GenesisBlock, but can you point me to any public statement from FriedCat about the schedule of rolling out 1PH/s by the end of the year?

https://bitcointalksearch.org/topic/m.2610934

Has anything changed since the end of June that would make this statement not true?

It doesnt look like it... I think its a good thing that they are holding back dividends because they are planning to exponentially increasing the amount of Gen 2 devices. Perhaps this is what they will use to achieve the 1000Th

xchrisxsays

member

Activity: 98

Merit: 10

Quote from: eastpk on September 05, 2013, 10:40:51 AM

Quote from: bitsalame on September 05, 2013, 10:36:15 AM

Quote from: TheSwede75 on September 05, 2013, 10:32:18 AM

Quote from: ex-trader on September 05, 2013, 10:11:10 AM

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

While this is of course true, it also seems people have forgotten about AM's rollout plans for 800-1000 TH before year-end and the Gen 2 chips. That said, I think we will see a stabilization around 3 BTC once the 'panic' caused by a lot of noobs that purchased shares around 4.5 BTC selling off.

I found that on GenesisBlock, but can you point me to any public statement from FriedCat about the schedule of rolling out 1PH/s by the end of the year?

https://bitcointalksearch.org/topic/m.2610934

Has anything changed since the end of June that would make this statement not true?

eastpk

member

Activity: 120

Merit: 10

WINSTARS - We are changing the face of gambling

Quote from: bitsalame on September 05, 2013, 10:36:15 AM

Quote from: TheSwede75 on September 05, 2013, 10:32:18 AM

Quote from: ex-trader on September 05, 2013, 10:11:10 AM

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

While this is of course true, it also seems people have forgotten about AM's rollout plans for 800-1000 TH before year-end and the Gen 2 chips. That said, I think we will see a stabilization around 3 BTC once the 'panic' caused by a lot of noobs that purchased shares around 4.5 BTC selling off.

I found that on GenesisBlock, but can you point me to any public statement from FriedCat about the schedule of rolling out 1PH/s by the end of the year?

https://bitcointalksearch.org/topic/m.2610934

I'm fairly certain rockxie was at a China btc meetup and he was presenting this slideshow here talking about asicminer.

I know rockxie is very close with FC but we actually never heard anything from him on this.

EDIT: Looks like I am wrong - this looks like it may have been an interview with FC himself.

bitsalame

donator

Activity: 714

Merit: 510

Preaching the gospel of Satoshi

Quote from: TheSwede75 on September 05, 2013, 10:32:18 AM

Quote from: ex-trader on September 05, 2013, 10:11:10 AM

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

While this is of course true, it also seems people have forgotten about AM's rollout plans for 800-1000 TH before year-end and the Gen 2 chips. That said, I think we will see a stabilization around 3 BTC once the 'panic' caused by a lot of noobs that purchased shares around 4.5 BTC selling off.

I found that on GenesisBlock, but can you point me to any public statement from FriedCat about the schedule of rolling out 1PH/s by the end of the year?

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: ex-trader on September 05, 2013, 10:11:10 AM

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

While this is of course true, it also seems people have forgotten about AM's rollout plans for 800-1000 TH before year-end and the Gen 2 chips. That said, I think we will see a stabilization around 3 BTC once the 'panic' caused by a lot of noobs that purchased shares around 4.5 BTC selling off.

ex-trader

sr. member

Activity: 298

Merit: 250

It's real simple folks:

- AM hash-share has dropped from near 50% to under 10%
- Prices of hardware have fallen massively and will only ever get lower, as competition increases and ROI drops over time for buyers.

Given these two facts the shares have fallen from their massively over-valued 5BTC, to a more realistic 2BTC. If things stay the same I wouldn't be surprised to see the price fall further still.

To see a price rise AM would have to post some massive change to the mining and huge hardware sales.

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: Vycid on September 05, 2013, 09:35:30 AM

Quote from: ?? on ??

Quote from: Vycid on September 04, 2013, 05:32:31 PM

Resistance at 2.4 just vaporized.

How low can we go???

crashed all the way to 2.399 BTC

lol

What a wizard

2.071

My robe and wizard hat, plz.

Shares traded on BTCT.CO represent >10% of AM share base. Who cares, at 30% 12 months dividend I'm perfectly fine with just moth-balling my few shares. If AM actually rolls out Gen 2 to the tune of 1/5th of the network in the next 2 months anything under 3 BTC is cheap anyway.

101111

hero member

Activity: 525

Merit: 500

ha ha, magic over math Wink

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: ?? on ??

Quote from: Vycid on September 04, 2013, 05:32:31 PM

Resistance at 2.4 just vaporized.

How low can we go???

crashed all the way to 2.399 BTC

lol

What a wizard

2.071

My robe and wizard hat, plz.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 726. (Read 3917468 times)