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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 913. (Read 3917543 times)

BlackLilac Jordan
full member
Activity: 163
Merit: 100
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 04:05:12 AM
#8704
Quote from: Lohoris on June 29, 2013, 03:42:49 AM
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken...
because namecoin is a joke


Why is that? I'm far from an expert on the subject but to me it seems like an absolutely brilliant and innovative use of a block chain, and the only existing alternative to the ICANN monopoly. Not a rival to BTC certainly, but I don't think it was ever intended to be one
Lohoris
hero member
Activity: 630
Merit: 500
Bitgoblin
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 03:42:49 AM
#8703
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken...
because namecoin is a joke
bbxx
hero member
Activity: 728
Merit: 500
cryptoshark
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 03:11:23 AM
#8702
Fees?
Now about 1-3 btc per block.
We need to have 10 times more to get decent reward from block.

Now userbase of bitcoin is falling like knife.

What should happen to reverse this trend?
aahzmundus
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 02:51:28 AM
#8701
Quote from: Vycid on June 29, 2013, 12:39:58 AM
Quote from: JordanL on June 29, 2013, 12:11:39 AM
Quote from: Vycid on June 28, 2013, 11:33:17 PM
Quote from: empoweoqwj on June 28, 2013, 11:09:43 PM
Quote from: freedomno1 on June 28, 2013, 11:06:05 PM
Quote from: empoweoqwj on June 28, 2013, 11:01:19 PM
Quote from: Vycid on June 28, 2013, 10:58:10 PM
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.

How about "they don't make a profit in a way that appears more attractive than going to a casino"?  Wink

But, yes... it is my opinion. A lot of people apparently do not share it.

Why do people think mining wont be worth it... FEES PEOPLE!!!  If bitcoin gains serious adoption FEES will be the main way miners make money, not block reward.  Sure if you only calculate block reward, you may never earn back your full one BTC.  But if fees come into play...

Whatever happens, I got burned before turning off my miners twice, I thought I was pouring electricity down the drain.  Never again, my miners will stay on 24/7/365.25 for as long as I am able to manage them.  The only time I would get rid of miners, is if I was upgrading to better ones.
TsuyokuNaritai
hero member
Activity: 574
Merit: 500
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 01:14:48 AM
#8700
Quote from: ShroomsKit on June 27, 2013, 10:17:37 AM
Quote from: hammurabi on June 27, 2013, 10:15:25 AM
Quote from: ShroomsKit on June 27, 2013, 10:07:56 AM
I sold as well.
Took my profit and now will invest in AMC.

You are now doomed to experience lonely and miserable Wednesdays.


Haha right, we'll see.

Quoted for lulz.  Cheesy

http://www.reddit.com/r/Bitcoin/comments/1ha3c5/amc_shares_drop_from_25_mbtc_to_08_mbtc_in_less/
https://bitcointalksearch.org/topic/the-coming-flash-crash-in-amc-245713

One day you'll see, the only way is Friedcat!  Cool
Vycid
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 12:39:58 AM
#8699
Quote from: JordanL on June 29, 2013, 12:11:39 AM
Quote from: Vycid on June 28, 2013, 11:33:17 PM
Quote from: empoweoqwj on June 28, 2013, 11:09:43 PM
Quote from: freedomno1 on June 28, 2013, 11:06:05 PM
Quote from: empoweoqwj on June 28, 2013, 11:01:19 PM
Quote from: Vycid on June 28, 2013, 10:58:10 PM
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.

How about "they don't make a profit in a way that appears more attractive than going to a casino"?  Wink

But, yes... it is my opinion. A lot of people apparently do not share it.
uhnonamiss
sr. member
Activity: 457
Merit: 250
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 12:13:45 AM
#8698
woot Smiley
JordanL
donator
Activity: 294
Merit: 250
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 29, 2013, 12:11:39 AM
#8697
Quote from: Vycid on June 28, 2013, 11:33:17 PM
Quote from: empoweoqwj on June 28, 2013, 11:09:43 PM
Quote from: freedomno1 on June 28, 2013, 11:06:05 PM
Quote from: empoweoqwj on June 28, 2013, 11:01:19 PM
Quote from: Vycid on June 28, 2013, 10:58:10 PM
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

This surprises you? With all the hype surrounding ASICs, these are the only ones actually available right now.

As to your comment about these not making money... that's just like, your opinion man. At the current rate they will earn .25 BTC/month, and even if the difficulty increases by a factor of ten, they will still be making 0.025BTC/month. It's pretty hard to say that they will NEVER make a profit... perhaps a more accurate way of phrasing that is that you don't THINK they will make a profit... or that they won't make a profit as quickly as you'd like.
empoweoqwj
hero member
Activity: 518
Merit: 500
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:50:27 PM
#8696
Quote from: Adrian-x on June 28, 2013, 11:47:51 PM
Quote from: empoweoqwj on June 28, 2013, 11:41:26 PM
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
Until ICANN, Gets a take down notice and you face terrorism or money laundering charges.

Repeat: .bit has *nothing* to do with ICANN. Completely outside their system. Its just a browser plug-in "domain".
Adrian-x
legendary
Activity: 1372
Merit: 1000
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:47:51 PM
#8695
Quote from: empoweoqwj on June 28, 2013, 11:41:26 PM
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
Until ICANN, Gets a take down notice and you face terrorism or money laundering charges.
empoweoqwj
hero member
Activity: 518
Merit: 500
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:43:17 PM
#8694
Quote from: Vycid on June 28, 2013, 11:33:17 PM
Quote from: empoweoqwj on June 28, 2013, 11:09:43 PM
Quote from: freedomno1 on June 28, 2013, 11:06:05 PM
Quote from: empoweoqwj on June 28, 2013, 11:01:19 PM
Quote from: Vycid on June 28, 2013, 10:58:10 PM
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...

Who knows, demand is demand. Just sit back and enjoy Smiley
empoweoqwj
hero member
Activity: 518
Merit: 500
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:41:26 PM
#8693
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken... I need to become a domain squatter!

Because .bit isn't an ICANN domain name i.e. it doesn't sit in their root servers.

So you need a plug-in to access it.

Not really what you want for a company site ....
ninjarobot
hero member
Activity: 761
Merit: 500
Mine Silent, Mine Deep
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:38:32 PM
#8692
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken... I need to become a domain squatter!

Yes, I was surprised too Smiley

Have not mapped it to anything yet though & would love to hand it over to friedcat.



http://explorer.dot-bit.org/n/90125
Kyune
sr. member
Activity: 287
Merit: 250
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:36:08 PM
#8691
Quote from: Vycid on June 28, 2013, 11:33:17 PM
Yes, but... 8,000, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.
Now, just for a moment, imagine that ASICMINER had a top-notch retail website.

JordanL
donator
Activity: 294
Merit: 250
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:34:00 PM
#8690
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

Wow fantastic news.  Shocked

I can't wait to see ASICMINER's recent sales totals.    Grin Grin
Vycid
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:33:17 PM
#8689
Quote from: empoweoqwj on June 28, 2013, 11:09:43 PM
Quote from: freedomno1 on June 28, 2013, 11:06:05 PM
Quote from: empoweoqwj on June 28, 2013, 11:01:19 PM
Quote from: Vycid on June 28, 2013, 10:58:10 PM
Quote from: eleuthria on June 28, 2013, 10:37:58 PM
Happy to contribute to all your dividends.  As shareholders, you'll be happy to know that BTC Guild's initial stock (1,000 USB Block Erupters ordered, 800 available to public sales) sold out in under 40 minutes, and already has over 200 units on backorder.

People must want these as novelty items. I don't get it. 40 minutes???

They are just too sexy to resist. A triumph of form over function  Wink

That and 100 years from now it will make a sweet museum piece  Wink

That and the price - 1B is definitely the "sweet spot" for a USB stick. They should keep this price for all future USB sticks, just up the performance. Who hasn't got 1B to spare? Smiley

Yes, but... 800, 1B each, in 40 minutes? That's roughly $75,000. On USB sticks. In 40 minutes.

I do understand the novelty aspect, but that kind of sales rate sounds a lot more like the way things sell when people expect to make money off of them. And they won't off of these...
freedomno1
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:20:27 PM
#8688
Quote from: aahzmundus on June 28, 2013, 11:16:54 PM
how was asicminer.bit not already taken... I need to become a domain squatter!

Go take it then  Wink
Any interesting sites in .bit?
romerun
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:17:50 PM
#8687
about the questions TAT compiling to friedcat.

Nobody is interested to know how he came up with the 15BTC fee per block ? Did he say so to increase the value of AM ?
aahzmundus
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:16:54 PM
#8686
how was asicminer.bit not already taken... I need to become a domain squatter!
ninjarobot
hero member
Activity: 761
Merit: 500
Mine Silent, Mine Deep
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
June 28, 2013, 11:12:06 PM
#8685
I registered asicminer.bit using namecoin yesterday.

If friedcat provides a namecoin address I'd be happy to transfer it to him (gratis).
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