Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 876. (Read 3917468 times)

Looks like BFL is shipping chips before they have even fulfilled their pre-orders (some of which are a year old):
https://forums.butterflylabs.com/bfl-forum-miscellaneous/3697-sample-chips.html

In their defense, its not wrong, its outdated.  With how fast things change... this may be bad advertising.

don't you love it when the info on an infographic is wrong?

If they've got their numbers wrong please leave a comment on http://bitcoinexaminer.org/asic-miner-infographic/ and tell them (http://bitcoinexaminer.org/contact/)

With this picture you'll never sell them...

$184 for the stick?  They are about $70 with the current bitcoin price....
1.79 MH/s / $  is also wrong, it's MUCH more...

And they sell like hotcakes!  People buy bottled water, people are not rational.  These things are cool, people want them, and they will pay for them.  As long as that happens I am a happy investor.

And WHO is to say these wont/can't pay for themselves?  We know little to nothing about their lifespan, the estimates on future transaction fees are impossible to make, although difficulty is climbing, it may go down... maybe people hop onto some ALT Coin in mass.   Maybe an asteroid hits china?

Either way, I imagine the price of 1btc each, even with the recent USD/BTC events, is far above cost.  We can afford to drop the price more, and sell more... at a profit.

If you previously bought the share from someone and have never received a dividend yet, speak with them.
If you are trading on one of the current exchanges with passthrough share, speak to the exchange holder.
If you used to receive divs at that address via a direct share, check with friedcat himself.

GL

question: if this dividends week have not yet paid to me , who i need to report this? (first time this happends) 

I don't think anyone was mining US$0.54 per day in 2009.
You don't need a time machine, it's still early days.
ASICMINER: Entering the Future of ASIC Mining by Inventing It
the future extends further than a week from now.

Also, price can be lowered , up to a point, to compensate for difficulty increase. Then, more than 1 chip per erupter is possible with miniaturization.

Depends how many you have.

can we get back to talking about solar power and islands?

Just to clarify, I have nothing against early adopters making fortunes. I believe they deserve it. I also agree that Bitcoin solves more problems than in creates. You have some fantastic points. But I still believe this is a VERY valid topic.

I don't want to discourage you from investing in what you believe in - if you want to stay invested in AM and BTC because you believe in the fundamentals, by all means do so - but as I recall you've got student loan debt.

First rule of investing: do not invest with borrowed money, which is a corollary to "only invest what you can afford to lose". You cannot afford to lose anything if you owe money.

I do not see how ANY alternate hashing system solves the centralization problem long term.  Data centers are more efficient then a home office... no matter what you are running, your margins will be better in an optimized space.  Electricity/Cooling costs also are different in areas.  You are not going to start a mining farm where the grid goes down 4 hours a day.  You are not going to start a mining farm in death valley.

Limiting the mining to only CPU's or some mix of hashing functions puts a band aid on the problem.  Long term when margins get thin and you need every ounce of optimization to turn a profit, you will centralize.

Does this ruin bitcoin?  Who knows.  I know that bitcoin will NEVER be as centralized as current money.  Sure we wont have everyone mining on every computer device they have all the time distributed over the whole world... but just because we can not achieve the ideal, does not mean we are horrible.  We can be far from the ideal system, and still be the best solution out there.

Bitcoin solves far more problems then it has.  The other example people bring up is how early adopters have an advantage in bitcoin.  Sure, that may be bad... but would having latecomers benefit be better?  No... who would drive the adoption and the innovation?  It may not be the ideal to have early adopters get super rich, but its better then the other options as I see it, so we have to live with it.

So to tie this in, what does this all mean?

It means we are in a good position.  We have the current mining leader shown to be someone who seems to understand his place as was discussed last week.  Their deployment and sales are set to bring in profits, whilst leaving ample breathing room for competition.  Hell, chances are that if some bad actor did spin up a bunch of asic's with the intention of doing a 51% attack, chances are Friedcat may be able to crush them.

So what am I doing?  Putting in buy orders at 4 with every BTC I can find   I might even buy into BTC with USD (something I have not done seriously since 2011, since I have had no need to) since prices are so low.

I tend to disagree. But as pierrejo mentioned, this may belong in a thread of its own. I just thought this is the most basic information when trying to speculate about company like ASIC Miner.

Sustainable centralized mining is the trend , just like not everyone can be a skillful miners, and we need centralized miners to sustainablelly to provides conformations for our transaction.

Although this is a great link and I encourage folks to listen, I think it'd be best in a thread of its own, this thread is already very crowded.

I think you misunderstand. This is not a disscussion about the price of bitcoin. It is about the sustainability of centralised mining.

We still in big mining era , think back to the time when Spanish discovery a huge gold miner in south american , what is the result ? Gold price suddenly drop , So what ASICs devices just like skillful miners, how could you believe everyone can be a skillful miners Short- run BTC will drooped for sure ,but It will rebuild the price when mines are running out ...and I can't believe people selling at 60s are really lose their basic logical.
Of course, if you are super earlier adopters and still make profit on selling at this price ,then my assumption is not regard to you .