Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 758. (Read 3917468 times)
August 25, 2013, 01:18:30 PM
The introduction of new colors for BEs?
August 25, 2013, 01:18:09 PM
Why would Friedcat care about the share price?
Someone can be the founder, and CEO, and employee and investor.
The only time an investor NEVER cares about share price is if they will never sell or buy. Has Friedcat signed any contract indicating his shares can never be sold and he can never purchase more shares on the market. If so then he cares about share price. If something happens in his personal life and he needs to raise a lot of fiat his shares are a significant source of wealth which can be partially liquidated.
Now he may not be worried about the share price declining in the short term but all intelligent investors care about their return and that includes capital gains.
August 25, 2013, 01:16:53 PM
New stock of blockerupters 
.
. August 25, 2013, 01:14:27 PM
price going up! yay!
What`s the reason? 
August 25, 2013, 12:51:42 PM
price going up! yay!
August 25, 2013, 12:42:22 PM
Why would Friedcat care about the share price?
August 25, 2013, 12:38:51 PM
Maybe it was a strategic placement to stop the shareprice from falling?
I mean its not important to friedcat what a share is priced
I mean its not important to friedcat what a share is priced
What?
What the fuck are you talking about?!my question exactly
asking this just proves how insanely uninformed some "investors" here are.
August 25, 2013, 12:21:32 PM
The key risk is that the investors will sue the venture if it proves unprofitable and the police will charge the founders of "illegal fundraising" (a broad term in chinese that covers illegal fundraising and just fraud in general). Given that AM has already paid out way over IPO price and is very successful, it is a very low risk.
Also BTCGarden was much higher risk because it also ran an exchange. Therefore people could exchange their fiat into bitcoin on their site and then purchase shares of BTCGarden. Making it look much more like collecting fiat to run the venture. AM has no such exchange.
I am not sure about MYMiner though.
EDIT: Just to be clear AM's raising of funds only through bitcoin made it less high risk. Additionally, AM IPO'd before the execution of Zeng Chengjie for "illegal fundraising." The execution has caused a lot of concern in China for good reason.
Also BTCGarden was much higher risk because it also ran an exchange. Therefore people could exchange their fiat into bitcoin on their site and then purchase shares of BTCGarden. Making it look much more like collecting fiat to run the venture. AM has no such exchange.
I am not sure about MYMiner though.
EDIT: Just to be clear AM's raising of funds only through bitcoin made it less high risk. Additionally, AM IPO'd before the execution of Zeng Chengjie for "illegal fundraising." The execution has caused a lot of concern in China for good reason.
August 25, 2013, 12:09:53 PM
Myminer has backed out because of legal issues in China and is now taking back all shares in return for the IPO price:
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
Quote from: http://myminer.com/pages/6
Collecting funds from public is still illegal in China. We used to think that IPO with BTC can avoid this legal risk. However, it turns to be wrong after we consulted with several layers.
We realize that keeping holding your funds for this project is very risky and irresponsible.
We realize that keeping holding your funds for this project is very risky and irresponsible.
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
I am confident they will handle this properly. Short-term, this is always good news to see some competitors among all those new IPOs stepping out. Notice how they first collect the funds, and only then wonder if everything is ok to follow their plans.
Evidently AM never wondered that at all, since it was just as illegal for them.
August 25, 2013, 12:00:59 PM
Myminer has backed out because of legal issues in China and is now taking back all shares in return for the IPO price:
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
Quote from: http://myminer.com/pages/6
Collecting funds from public is still illegal in China. We used to think that IPO with BTC can avoid this legal risk. However, it turns to be wrong after we consulted with several layers.
We realize that keeping holding your funds for this project is very risky and irresponsible.
We realize that keeping holding your funds for this project is very risky and irresponsible.
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
I am confident they will handle this properly. Short-term, this is always good news to see some competitors among all those new IPOs stepping out. Notice how they first collect the funds, and only then wonder if everything is ok to follow their plans.
August 25, 2013, 11:57:29 AM
Myminer has backed out because of legal issues in China and is now taking back all shares in return for the IPO price:
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
Quote from: http://myminer.com/pages/6
Collecting funds from public is still illegal in China. We used to think that IPO with BTC can avoid this legal risk. However, it turns to be wrong after we consulted with several layers.
We realize that keeping holding your funds for this project is very risky and irresponsible.
We realize that keeping holding your funds for this project is very risky and irresponsible.
Does this mean anything for AsicMiner?
With this on top of what happened with BTCGarden and Avalon in China it seems to be becoming a very bad place to do BTC business. The sooner Friedcat moves some hashrate abroad the better.
August 25, 2013, 11:57:11 AM
When did Asicminer find its last block?
And why has it stopped to do so?
I mean is the tagging gone or what?
Last block found by ASICMiner is currently 254132 found a little more than an hour ago.And why has it stopped to do so?
I mean is the tagging gone or what?
Today we had a difficulty change.
Yes, but AM appears to have completely stopped hashing... I know it is about 2 am in China, so worried this issue might not be resolved for a some time... Question for anyone that knows about chips: is it possible that the first gen chips after started failing after hashing for so long?
2. No, it is not possible that barely 6 month old chips are worn out now.
Seriously guys, stop looking at the 24-hour average. It's useless. Too much luck is involved.
Am not just looking at the 24 hour average, just look at the mining revenues for the past 10 days on your charts. Clearly something is up... Don't know why you act like it isn't.
Also when a 60TH operation is solving any blocks at all in 24 hours, and has been solving significantly lower blocks for the past 10 days--I think its reasonable to conclude that something is probably going on. You don't agree? Again, looks like it could be the franchising, impossible to know since we don't know what last week's dividends would have been if friedcat hadn't retained bitcoins for reinvestment.
YAY for new USB sitcks, very beautiful! Will definitely order some to gift when explaining bitcoin to new users.
August 25, 2013, 11:40:46 AM
Only has 3% of the network now.
LOL, what you mean "now" ?
You mean last day? Because perfect knowledge of network hashrate is unknown at exact time, only estimated in selected timeframe
yeah, but the 36 hour estimate shows 4%, and the 4 day estimate shows 4%
It's not just variance or luck, something is definitely up. The shorter estimates (<36 hour) are even worse.
Current network hashrate is 494 TH: http://bitcoincharts.com/
ASICMiner share is: 7.65%.
If we use the 3-day estimate of 33.5 TH the ASICMiner network share is 6.78%.
August 25, 2013, 11:23:34 AM
It's not the CE logo but the China Export logo. There's a subtle difference:
http://www.ybw.com/expert-advice/vhf/news/509220/warning-don-t-get-confused-between-the-ce-mark-and-the-china-export-mark
http://www.ybw.com/expert-advice/vhf/news/509220/warning-don-t-get-confused-between-the-ce-mark-and-the-china-export-mark
A very similar CE marking has been alleged to stand for China Export because some Chinese manufacturers apply it to their products. However, the European Commission says that this is a misconception. The matter was raised at the European Parliament in 2008. The Commission responded that it was unaware of the existence of any "Chinese Export" mark and that, in its view, the incorrect application of the CE marking on products was unrelated to incorrect depictions of the symbol, although both practices took place. It had initiated the procedure to register CE marking as a Community collective trademark, and was in discussion with Chinese authorities to ensure compliance with European standards.
August 25, 2013, 11:16:35 AM
https://bitcointalksearch.org/topic/block-eupter-usb-august-batch-update-280961 
Friedcat has spoken...
Friedcat has spoken...That CE logo, does it mean they are regulated by european community in someway to spread their business/franchise to physical stores or something like that?
It's not the CE logo but the China Export logo. There's a subtle difference:
http://www.ybw.com/expert-advice/vhf/news/509220/warning-don-t-get-confused-between-the-ce-mark-and-the-china-export-mark
Ah yes, possible. Reputation of China is well deserved, they even copy logos.
August 25, 2013, 11:13:15 AM
https://bitcointalksearch.org/topic/block-eupter-usb-august-batch-update-280961 Friedcat has spoken...
Friedcat has spoken...That CE logo, does it mean they are regulated by european community in someway to spread their business/franchise to physical stores or something like that?
It's not the CE logo but the China Export logo. There's a subtle difference:
http://www.ybw.com/expert-advice/vhf/news/509220/warning-don-t-get-confused-between-the-ce-mark-and-the-china-export-mark
I hope they do sticks with the nextgen chips as well.
August 25, 2013, 11:06:37 AM
Maybe it was a strategic placement to stop the shareprice from falling?
I mean its not important to friedcat what a share is priced
I mean its not important to friedcat what a share is priced
What?
What the fuck are you talking about?!my question exactly
August 25, 2013, 11:02:43 AM
Maybe it was a strategic placement to stop the shareprice from falling?
I mean its not important to friedcat what a share is priced
I mean its not important to friedcat what a share is priced
What?
What the fuck are you talking about?! August 25, 2013, 10:48:45 AM
https://bitcointalksearch.org/topic/block-eupter-usb-august-batch-update-280961 Friedcat has spoken...
Friedcat has spoken...That CE logo, does it mean they are regulated by european community in someway to spread their business/franchise to physical stores or something like that?
"The CE marking or formerly EC mark, is a mandatory conformity marking for products sold in the European Economic Area (EEA) since 1993."
http://en.wikipedia.org/wiki/CE_marking
EDIT: Btw, no need to post twice the same question in two threads...
August 25, 2013, 10:48:37 AM
https://bitcointalksearch.org/topic/block-eupter-usb-august-batch-update-280961 Friedcat has spoken...
Friedcat has spoken...That CE logo, does it mean they are regulated by european community in someway to spread their business/franchise to physical stores or something like that?
The CE logo is no proof of quality logo, but a sign that it can be distributed in the European Union because it matches the standard for this.
All electric articles that you want to sell legally in the EU must have a CE sign.
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