Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 999. (Read 3917058 times)

On an unrelated note, is everyone as excited as I am to see what tomorrows bitcoin Christmas will bring?

I am sick of the crap that is now filling up this thread, including this post right now. I do understand the replies that need to be made though, to push back the onslaught of ignorance and misinformed posts/FUD. Kudos to the guys trying to keep this thread "pure". Do as other people have done, and create alternate threads about matters not directly associated to ASICminer or discussed by friedcat in this thread. My somewhat worthless 2 shatoshi's.

Take your arguments elsewhere and just edit your posts to allow users to be redirected there to watch everyone measure they're Epeen. Don't clog this thread with unnecessary posts please.

Shas

The kind of people who entertain these questions:

Are the kind that thinks that:

This particular point I bolded, Would be viciously hilarious to the ones around here who knows my real identity.

No disrespect or insult to anyone involved in this argument, but this made me laugh really hard...econ for poets haha.

Fair enough, I should have said "Your problem isn't visual impairment, it's ignorance of literary criticism and rhetoric" instead.

But yes, I do obviously know more about everything.  That's because (and why) I've been here a lot longer than you have.  

You obviously understand economics better than dhenson.  Aren't you sick of him and others bleating on about 'ZOMG I have made a subjective personal decision not to buy AM hardware; therefore it is overpriced in some kind of absolute, objective way and all who disagree are throwing wasted money at Friedcat?'


"Metaphors?"  Who said anything about "metaphors?"  Not I.  Are you under the impression that close readings have something to do with them?  Looking for metaphors is one part of close reading, but I didn't explicate any from dhenson's uninformed utterances.

I can help you overcome your self-pity and visual impairment if you wish to learn more about linguistic analysis.  But if you are determined to remain proudly ignorant on the subject, you are beyond the scope of teachability.  Do you really want to be a perma-noob?   

Your crystal ball is definitely broken judging by my 7 years going on and forth in hospitals with two major operations on my corneas for both eyes. But you know, You know more obviously about everything.

ADDED: aaah sorry for being so slow and retarded you wanted to do your "close reading" thing on what I posted. I am sorry I don't do metaphors and being rhetoric when I want to express an exact piece of information like, "I think you are an utter idiot".

It's called a "close reading."  http://en.wikipedia.org/wiki/Close_reading 

You aren't visually impaired, merely ignorant of literary criticism and rhetoric.  Don't worry, I'll teach you by example because I'm such a great guy!   

The issue I am dealing with is called economic illiteracy.  There's plenty of it everywhere, but I don't like seeing it here on my redoubt of sanity.   

Jeez dude you got all that from what he wrote? I really did not so either I am visually impaired (and btw I really am), Or you just have alot of issues that you have to deal with!

+1 - Things are worth what customers are willing to pay. At this point, every manufacturer is selling their equipment at below market cost or the resale market on eBay with higher prices wouldn't exist.

Accusing me of "misunderstanding" is a personal attack.  I understand perfectly your purported solely relevant metric of ROI; it's been debated relentlessly on this forum for months.  WTF makes you think I (and AM's many, many customers) somehow missed, or didn't comprehend, the ROI discussion?  

That's insulting in exactly the same way you are insulting the hundreds of willing AM customers who voluntarily (and enthusiastically) have been buying truckoads of their hardware, by second-guessing the desirability of those transactions and making accusations of less than fully-informed decisions.

You and I don't get to make the call about what is or isn't "overpriced."  The market, using more information available to either of us, makes that determination.

AM is not having any difficulty selling hardware at their current price point.  Therefore their products are in shortage, or price equilibrium at best.

ROI is not in any way related to the question of pricing.  Perhaps others know things about future difficulty or block/transaction rewards we do not; perhaps others wish to own a piece of history in the form of first-gen AM hardware.  It's not our money, not our business, and not our place to judge who is or isn't "throwing their money at AM" (another insult).

What you are really saying is 'I am too poor and/or too cheap and/or too scared to buy AM hardware.  I am jealous of those who have more money than I do and envy, to the point of resentment, their unquestionably gutsy decision to take a risk.  Instead of being direct and honest about my mere personal opinion, I'll dress it up as some fancy kind of Economic Fact with a fig leaf of ROI to hide my naked butthurt.'


Well that's good.  There's hope for you yet!  Stick around Junior, and we'll get you up to speed in no time.  

He did not state that there is a surplus, His exact statement was 'Is there a surplus of USB blockerupters because they are "overpriced?"  No, there is not.'. If this statement was to be debated, I think it would make sense to use the argument that we relatively started to reach a point were we should take advantage of the higher demand at a lower price now before the competitors force us to sell at even lower prices to have any demand at all.

His argument overlooked ROI because it is a different metric and you can call it a different plane since his argument was consolidated in the basics of economics and markets so he did not dive into the nature of the good we are selling being used to generate profit.

I am not pretending to be all knowledgeable in economics I just started studying it on my own for about two years now. But even in my humble opinion, Please stop embarrassing yourself. This is the time to go and do your homework, Especially if you are not trolling and really willing to learn something out of this discussion.

I think it is quite impressive to see ASICMINER handle the 28% jump in difficulty so well. So long as management can continue to deploy additional mining hardware, income from mining will remain at a very attractive level.

*sigh* Lets not start personal attacks based on a misunderstanding.

Your response completely ignores ROI.  And how is there not a surplus? Last I heard, friedcat was sitting on 6,000 units.

I'm not contending that Asicminer should be selling cheaper.  I think they are maximizing profits and that is a good thing.  What I'm saying is that at the current price point, someone would be making a mistake to purchase one (if ROI is in their decision making process).  If people are willing to throw their money at Asicminer then more power to them.

*triple facepalm*

The only metric that matters is Quantity Demanded at the current price (hint: your personal opinion is not a metric).  Is there a surplus of USB blockerupters because they are "overpriced?"  No, there is not.

In fact, there is a shortage.  So rather than "overpriced" they are actually underpriced.  This isn't even college Econ; it's high school non-honors remedial economics for poets.


Please mind your P's and Q's; poor/cheap economic illiterates should not post in the securities section.  There's enough noise here already.  

Looks like he is capable as well in marketing.  I dont know if finally there is a workgroup, separate arm, or something similar, as was said.  If yes, i would like join.

https://bitcointalksearch.org/topic/m.2408024

Not me this time, twas the man himself, Friedcat.

The transaction had over 950 BTC in inputs so the fee comes to almost exactly 1%.  Maybe a custom wallet that has a silly fee calculation formula?  It is interesting that there was also an output for 0.01(ish)BTC.  It really looks like a wallet bug.  I wonder what wallet they were using because bitcoin-qt wouldn't do this.

Love this add. Seems very well oriented. Who did it? You, TAT?

Is this what you had in mind?



It shows that we were way ahead last week, compared to the previous week, but at about the same level this week compared to last week.

It also shows the interesting effect of variance, when comparing this weeks increase in total mining rewards with last week's. We can see it went faster last week for a period (the red line rises faster than the blue line), but that current week's mined BTC caught up with it along the way, which it should if we're mining at the same speed. In fact, if we're mining at the same speed, the lines might divert for a bit, but should always converge at some point, which is what we're seeing.

Good call about adding this chart! It's very useful for investors who'd like to know how we're doing compared to last week.