ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 92.

xhomerx10

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Quote from: jdany on January 29, 2015, 09:40:32 PM

I was looking at my AM spreadsheet tonight.
There are 2 shares of AM I bought for 4 BTC each.
And, 1 share for 4.2 BTC.

I died a little inside.

Well if you pretend Bitcoin was only worth between $70 and $100 when you made the purchase it might be a little easier to take. Also if you buy another 12.2 Bitcoin worth today at 0.1BTC per share, you can lower your average buy price to 0.1952 BTC and when the share value goes to 0.1952 BTC with a successful BE300 miner announcement you can sell and get all your bitcoins back. Wink

gogxmagog

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Ad maiora!

Quote from: jdany on January 29, 2015, 09:40:32 PM

I was looking at my AM spreadsheet tonight.
There are 2 shares of AM I bought for 4 BTC each.
And, 1 share for 4.2 BTC.

I died a little inside.

I didnt do quiet so bad as you but I certainly "bought high, sold low"
I felt a little better after I was able to recoup my position due to dive-bombing prices, still... now its "bought low, sell even lower?"
man, I sure hope not! I've been beaten black and blue in this securities game. Labcoin, ActiveMining... ugh! I'm really pulling for AM to save my bacon, at least partially, but things do not look great here.

I do not expect to see 4BTC/share again. That is simply unrealistic, you know, but if fuckin FriedCat would do us all a little tiny solid and fuckin turn on some self mining for the benefit of AM holders...just a bit of divs... I am convinced share value could approach 0.5, even 1 BTC if the divs are ok and regular.
Instead any hope of this is gone due to AMhash getting all the hashes. I really would like to see the financial breakdown of that deal, because I know AM needs to reinvest, BUT, I don't especially trust their business acumen, even if mine sucks.

EDIT-yeah! either that^^^^, or what xhomerx10 says, below \/\/\/\/

jdany

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Inspired

I was looking at my AM spreadsheet tonight.
There are 2 shares of AM I bought for 4 BTC each.
And, 1 share for 4.2 BTC.

I died a little inside.

HarmonLi

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Honest 80s business!

Quote from: ninjarobot on January 29, 2015, 03:06:20 AM

Quote

As part of a move to expand into supercomputing and deal with the excess heat that is a byproduct of bitcoin mining, BitFury Group, a bitcoin infrastructure provider and transaction processing company, has purchased Allied Control, which makes cooling systems for supercomputing and data centers.

http://www.gizmag.com/bitcoin-mining-cooling-system/35789/

Well, I guess that concludes the partnership between AM and AC...

They could have ongoing contracts. And if BitFury played their cards safe and wanted to hedge a bit, they'd sell AM some capacity to run their own chips. Very much like Apple still buys a ton of components for their iPhone from Samsung, its "arch nemesis".

ninjarobot

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Mine Silent, Mine Deep

Quote

As part of a move to expand into supercomputing and deal with the excess heat that is a byproduct of bitcoin mining, BitFury Group, a bitcoin infrastructure provider and transaction processing company, has purchased Allied Control, which makes cooling systems for supercomputing and data centers.

http://www.gizmag.com/bitcoin-mining-cooling-system/35789/

Well, I guess that concludes the partnership between AM and AC...

Fabrizio89

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Quote from: tsm13 on January 28, 2015, 04:19:10 PM

i have an idea, it not ethical but its an idea nonetheless. it takes the onus off where the power is and focus more on where cheap labor is

Lets hire cheap labor, right not the cheapest labor in the world is $0.01/hr(source:http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country)

When setting up a mine build a large room next door, and instal lots and lots of excercise bikes with these: http://www.econvergence.net/The-Pedal-A-Watt-Bicycle-Generator-Stand-s/1820.htm

I reckon even with all in costs the kwh will be cheaper than lowest kwh currently. Green power ftw

As a penance we should make notlambchop do the most shifts

That's some serious business model there.

armedmilitia

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We're going to need a bigger heatsink.

Quote from: tsm13 on January 28, 2015, 04:19:10 PM

i have an idea, it not ethical but its an idea nonetheless. it takes the onus off where the power is and focus more on where cheap labor is

Lets hire cheap labor, right not the cheapest labor in the world is $0.01/hr(source:http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country)

When setting up a mine build a large room next door, and instal lots and lots of excercise bikes with these: http://www.econvergence.net/The-Pedal-A-Watt-Bicycle-Generator-Stand-s/1820.htm

I reckon even with all in costs the kwh will be cheaper than lowest kwh currently. Green power ftw

As a penance we should make notlambchop do the most shifts

^This guy is CEO material. Move over, friedcat!

tsm13

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i have an idea, it not ethical but its an idea nonetheless. it takes the onus off where the power is and focus more on where cheap labor is

Lets hire cheap labor, right not the cheapest labor in the world is $0.01/hr(source:http://en.wikipedia.org/wiki/List_of_minimum_wages_by_country)

When setting up a mine build a large room next door, and instal lots and lots of excercise bikes with these: http://www.econvergence.net/The-Pedal-A-Watt-Bicycle-Generator-Stand-s/1820.htm

I reckon even with all in costs the kwh will be cheaper than lowest kwh currently. Green power ftw

As a penance we should make notlambchop do the most shifts

NotLambchop

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Quote from: newIndia on January 28, 2015, 11:57:54 AM

...
I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

Ohnoes, ur too late!

"Turkmen President Gurbanguly Berdymukhamedov said his government is planning to end the unlimited supply of free natural gas to citizens."

Seriously tho, "free to households" != "free to foreigners setting up mega mining farms to exploit unmetered electricity."
You'd probably be shot, or, since we're talking about a *stan, more likely hanged--bullets cost money.

Chris_Sabian

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Quote from: ensurance982 on January 28, 2015, 12:11:08 PM

Quote from: newIndia on January 28, 2015, 11:57:54 AM

Quote from: ensurance982 on January 28, 2015, 11:47:22 AM

Quote from: hdbuck on January 28, 2015, 11:43:27 AM

Quote from: jimmothy on January 28, 2015, 11:42:11 AM

Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

You also have to factor in how easy or hard it is to actually start and maintain a mining operation in those countries. It could also prove difficult to gain access to the large quantities of energy needed to power a large mining operation.

And the stability of the country. If some government sees that this factory is 'creating money' at the rate of several million per month, they could easily seize the factory / mining equipment for themselves.

ensurance982

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Trust me!

Quote from: newIndia on January 28, 2015, 11:57:54 AM

Quote from: ensurance982 on January 28, 2015, 11:47:22 AM

Quote from: hdbuck on January 28, 2015, 11:43:27 AM

Quote from: jimmothy on January 28, 2015, 11:42:11 AM

Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

You also have to factor in how easy or hard it is to actually start and maintain a mining operation in those countries. It could also prove difficult to gain access to the large quantities of energy needed to power a large mining operation.

newIndia

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Quote from: ensurance982 on January 28, 2015, 11:47:22 AM

Quote from: hdbuck on January 28, 2015, 11:43:27 AM

Quote from: jimmothy on January 28, 2015, 11:42:11 AM

Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

I read in Wikipedia that electricity is free is Turkmenistan. So, that should be the preferred choice to set up a mining firm.

ensurance982

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Trust me!

Quote from: hdbuck on January 28, 2015, 11:43:27 AM

Quote from: jimmothy on January 28, 2015, 11:42:11 AM

Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

Yeah I guess we don't know that, but I believe they may still be located in China. The prices friedcat has stated aren't that low, actually and I believe he may have gotten those prices even in China. I hope he is aware of the prices in Mongolia!

hdbuck

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Quote from: jimmothy on January 28, 2015, 11:42:11 AM

Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

in fact we dont know where are located all AM's farms too, right?

jimmothy

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Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

Avalon/Hashratio/others have already set up farms in Mongolia.

hdbuck

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Quote from: ensurance982 on January 28, 2015, 11:34:17 AM

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

imho there is no real restrictions. Mongolia is building up. they want to attract businesses and develop their economy. it seems numerous partnerships have already emerged between them and china, or even russia, with pluri-cultural/national cities, innovation centers etc etc...

ensurance982

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Trust me!

Quote from: MrTeal on January 28, 2015, 11:26:42 AM

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

friedcat shouldn't be afraid of the low electricity prices in Mongolia, but rather use the chance to build large mining operations there! I wonder which limitations do exist that prevent mining companies to set up shop in those attractive (electricity cost wise) areas.

MrTeal

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Quote from: hdbuck on January 28, 2015, 11:22:10 AM

Quote

Electricity Prices Currently
Central grid:
MTN 68 per kWh (commercial and private)
Feed-in tariff for MHP: MTN 66 per kWh
Uliastai Energy Company:
Private Households: MTN 50 per kWh
Commercial: MTN 90 per kWh

https://energypedia.info/wiki/Mongolia_Energy_Situation

68.00 MNT = 0.0351421 USD

http://www.xe.com/fr/currencyconverter/convert/?Amount=68&From=MNT&To=USD

Friedcat's response to the Mongolian threat.
https://www.youtube.com/watch?v=afnJbdT4t5g

hdbuck

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Quote

Electricity Prices Currently
Central grid:
MTN 68 per kWh (commercial and private)
Feed-in tariff for MHP: MTN 66 per kWh
Uliastai Energy Company:
Private Households: MTN 50 per kWh
Commercial: MTN 90 per kWh

https://energypedia.info/wiki/Mongolia_Energy_Situation

68.00 MNT = 0.0351421 USD

http://www.xe.com/fr/currencyconverter/convert/?Amount=68&From=MNT&To=USD

ensurance982

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Quote from: HarmonLi on January 28, 2015, 11:05:52 AM

Interesting news, but I fear this will only cause a temporary stop for their mining operations. I think they'll find other places with low prices for electricity. I hope FC has found even better places with lots of cheap electricity by now!

I agree, friedcat, please find even better sources of low-cost electricity where you can deploy a large-scale self-mining farm! You can self-mine and sell as much hashrate as possible in the form of cloud mining contracts (AMHASH-NextGen)

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 92. (Read 3917058 times)