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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 760. (Read 3917468 times)

full member
Activity: 151
Merit: 105
Imagine a market completely filled with n00bs.  They know nothing about investing; they only know greed.  Hundreds of n00bs gambling a few hundred dollars at a time.  Now, imagine a corporate environment where the enterprise isn't judged harshly every quarter, which is bad enough, but every day.  And the dividends are paid every week and one bad week and there's a sell off.  Now add in that this is a 'virtual' market and the players aren't penalized for bouncing in and out of the market. 

It's the perfect setup for those who are patient and can do a little personal research and know the technology.  I've played penny stocks since 1997 and made and lost a bunch.  I've never seen anything like this market or this type of corporate pressure.  

It's really amazing...  Cool
legendary
Activity: 980
Merit: 1008
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.

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?
1. No they haven't stopped hashing.

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.
full member
Activity: 238
Merit: 100
Looks like friedcat couldn't keep up with the competition
member
Activity: 70
Merit: 10
How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

Just realized that I initially read this too quickly.  In the quote Friedcat actually confirms that franchising has started within China; he just states that he won't be franchising outside of China soon.  Therefore, since last week's dividends went to reinvestment, the fall in hash rate might be due to the franchising and we would not be able to tell.
hero member
Activity: 574
Merit: 500
Only has 3% of the network now.
In 8th place, behind Eligius, Deepbit & BitMinter. Not good. Sad
sr. member
Activity: 329
Merit: 250
Only has 3% of the network now.
member
Activity: 110
Merit: 10
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?


Could also be bad luck.

Theoretically it could be, but it would be extremely bad luck.  

Also great to see you posting!  Could you confirm that board members have not received any information that has caused this sell off?

EDIT:  AM has only mined 8 blocks in the past 24 hours.  If this was a one time thing, sure I will give the benefit of the doubt.  But given that AM had "glitches" all last week, I think this points to a larger problem...

To my knowledge, none of the board members have "sold out", but I can't confirm that other than weekly, after div day, the same way you would.

Friedcat did publicly state he was retaining some income for expenses, but I do not know if he might be doing that by moving some hashing to a wallet that asicminercharts.com is not tracking. If he is doing such, it would affect one of the metrics everyone is using for price...

I am speculating mostly, but please note that you will never hear info from me that isn't already public, unless AM specifically asks me to post an update on their behalf.


Good to hear from others and you ThickAsThieves.  At least I know the board didn't change in a big way. I'll stick with friedcat and the cool cats.  A brilliant business mind with a solid experience are more important than dividends.
hero member
Activity: 518
Merit: 500
whats going on? is asicminer falling apart?
any updates from friedcat lately?
new chips? new blades?
2nd gen asicminers?
upgrading to new farm while selling of rest of old gen?

looking forward to fc next announcements!!!!


https://bitcointalksearch.org/user/friedcat-49840
full member
Activity: 168
Merit: 100
whats going on? is asicminer falling apart?
any updates from friedcat lately?
new chips? new blades?
2nd gen asicminers?
upgrading to new farm while selling of rest of old gen?

looking forward to fc next announcements!!!!
hero member
Activity: 1008
Merit: 537
Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin

The lack of liquidity is driving prices - doesn't make any sense - I'm wagering when the momentum dies out in labcoin it will slosh back into AM.

Same thing will happen when money rushes to AMC when the eASIC press release comes out..

I hope for you but I don't think your dream will come true. Actually LC should come out with some real hardware (chips) soon and until AM is telling their shareholders what they plan to do, the price will stay where it is and probably drop more (like a tennis ball).
sr. member
Activity: 302
Merit: 250
Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin

The lack of liquidity is driving prices - doesn't make any sense - I'm wagering when the momentum dies out in labcoin it will slosh back into AM.

Same thing will happen when money rushes to AMC when the eASIC press release comes out..
hero member
Activity: 1008
Merit: 537
Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.


good luck  Grin Grin Grin
sr. member
Activity: 302
Merit: 250
Sold all my labcoin today at a 3x - slowly coming back into AM

Its incredible how dumb these markets are.
hero member
Activity: 1008
Merit: 537
sr. member
Activity: 462
Merit: 250
Hmm, 2.5 Didn't expect it to get that low on one week of low div's.
Interesting... Severe overreaction imho...
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
Don't be humble here among the trolls and manipulators. If you sold at BTC5 you're more than happy to buy in again at ~BTC2.5.  Wink
hero member
Activity: 546
Merit: 500
dont worry
real price is there:
https://bitcointalk.org/index.php?board=73.0





haha yeah

People are watching the prices of pass thru's which can trade above and below NAV.

similarly, people with direct shares can transfer them to the pass thru's to sell them.

The liquidity has improved but can still be distorted



When I had a large Asicminer position I sold at 5 btc, might add to my small position, but its tough to say
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
So AM valuation depends on:

* one week of dividends
* last 3 hours estimated hash rate

Good to know.

Uggh starting to become a big Superficial burden but I'm staying

No one with a significant amount of shares or coins can even capitalize off this panic sell, I wanted to but there is hardly enough shares being sold in order for me to benefit from catching the knife ( I also dont want to put up a big buy wall for someone to create more panic and selling off into it.), the price is being controlled by 7.5% of the overall shares in existence, what people should be looking at is how little large holders are willing to let go of their shares,

I try not to let the current price of a company determine whether or not its fundamentally sound however many look at the price and say its "to expensive" I try to look at things from a logical perspective and FC is and always has been the leader when it comes to the mining forefront,

he already stated that Sept and Oct would be when new generation chips and mining hardware will come online and has promised 1000TH prior to the end of the year if not sooner, I guess people do not have the patience in order to wait that long but its apparent that most people like to follow the herd

DRIP Perhaps just put a wall each week equivalent to the dividends your paid out basically just a small part of your total position to catch the falling knife.


Wow! It's down to 2.3/share. I might have to get more BTC to buy more...

Thinking the exact same thing may even do all the KYC docs just to get more bitcoins to buy AM breaking Jutaruls old wall on nothing yet makes me want in, recalls that madness Smiley.
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