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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 810. (Read 3917468 times)

member
Activity: 113
Merit: 20
whats up with the lack of updates lately from friedcat directly?
im abit uncomfortable with getting news through middlemen like TAT/chinese  forums etc, especially with the amounts of insider trading that opens the door to.

member
Activity: 91
Merit: 10
The price of the Asicminer shares will go to 10 in one year  Smiley
Why should it?
An APR of 30% is already low, would you accept 12%?


Actually, an APR of 30% is great!

In the next few years, there is little opportunity to earn bitcoin by bitcoin .

also, the bitcoin world is a deflation world, the interest rate will grow smaller and smaller, so 30% is really really big!

you will understand in the future,so just hold your shares.
sr. member
Activity: 448
Merit: 250
The price of the Asicminer shares will go to 10 in one year  Smiley

Probably before October of this year.

why should this happen?
Hardware sales in first place or is it likely that AM will accomplish it's goals in mining performance?


Greed.

Well, I hope there is a bit more to come than (even more) greed.
I wanna see the 0.1 dividends Wink

Take it to the max, FC Smiley
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Greed.
While there's no limit to human stupidity, there's a limit at the funds that stupids do manage.
Stupids will run out of money much sooner than that, I think.


True enough limited funds will bring about limits to greed Smiley
Could go into a whole MPOE topic on that ^_^
hero member
Activity: 630
Merit: 500
Bitgoblin
Greed.
While there's no limit to human stupidity, there's a limit at the funds that stupids do manage.
Stupids will run out of money much sooner than that, I think.
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
The price of the Asicminer shares will go to 10 in one year  Smiley

Probably before October of this year.

why should this happen?
Hardware sales in first place or is it likely that AM will accomplish it's goals in mining performance?


Greed.
sr. member
Activity: 448
Merit: 250
The price of the Asicminer shares will go to 10 in one year  Smiley

Probably before October of this year.

why should this happen?
Hardware sales in first place or is it likely that AM will accomplish it's goals in mining performance?
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
The price of the Asicminer shares will go to 10 in one year  Smiley

Probably before October of this year.
hero member
Activity: 630
Merit: 500
Bitgoblin
The price of the Asicminer shares will go to 10 in one year  Smiley
Why should it?
An APR of 30% is already low, would you accept 12%?
member
Activity: 91
Merit: 10
Since the story turned out to be bogus, does this mean that AM stock is going to skyrocket?

Yes.

that's great news, now I can go back to bed...

The price of the Asicminer shares will go to 10 in one year  Smiley
 So, we have to hold tightly.
hero member
Activity: 662
Merit: 545
Update

Financial Status

Mining Income: 102,041.82BTC
Blade Sales Income: 29,594.75BTC
USB Sales Income: 37,524.00BTC
Total: 169,520.57BTC

Device and Infrastructure Expense: 397,800.00$ + 4,909,930.00¥
Electricity Expense: 729,542.05¥
Labor Expense: 327,081.00¥
Logistics Expense: 132,184.90¥
Deposits: 117,506.01¥
Total: 397,800.00$+6,216,243.96¥

Balance Sheet: https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdEthNEpIWWxpcW90RFBQOFZ6aFlxT0E&usp=sharing


Can you provide information on the timeframe of this figure?  I am trying to estimate the bitcoins merchant/marketplaces average monthly sales in this thread
hero member
Activity: 756
Merit: 500
I believe that article is already proven to be a hoax.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
As far as I am concerned, this is the vindication of my bearish sentiment on AM. If this story gets confirmed - and I rate the odds of that at far higher than zero, since this is published in the Wall Street Journal - AM stock is set to absolutely crater. The insane notion that AM will continue to return ~25% APR indefinitely is getting a reality check.

Since the story turned out to be bogus, does this mean that AM stock is going to skyrocket?

Well, it will certainly recover whatever loss it suffered on the basis of concern that article might have been real (which seems to have been marginal). "Skyrocket" isn't appropriate, since it didn't crash in the first place.
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
It's genius, really: trying to buy $200M of coins directly would spike the price before you actually gained ownership of the assets, so you'd get stuck buying in at a high price. Instead, they're going to keep all of the coins they're mining, which indirectly raises the price on assets they essentially have already paid for - those coins aren't being released into the wild like they would by a company like AM, so Joe Lewis is relieving the inflationary pressure of mining, which will manifest as an increase in value on his newly minted coins.

So, Joe mines coins via Avalon and puts those in a private wallet somewhere. And even though the rest of the Bitcoin community sees those coins getting mined and knows exactly where they are, it "relieves the inflationary pressure", which I take to mean that the value of the rest of the BTCs out there go up? I don't see how or why - we will all know that those coins exist and are available to be circulated at any time, so you can't price the remaining BTC's as is they're off the market (ie destroyed).

Inflation isn't some magical thing that happens because everyone looks around at how many Bitcoins there are. It's a supply/demand problem. If more people are looking to sell (or use) Bitcoins than are willing to buy (or accept) them at their current price level, the price level of BTC necessarily decreases (and the price level of everything else necessarily increases relative to BTC).

Normally you have miners selling their mined BTC to cover fiat costs: hardware, rent, electricity, etc. That is supply-side pressure, or inflationary pressure, which would be relieved if someone like Joe was bankrolling the whole thing in order to get coins in the first place.

He's not, though (unless he's lying to preserve his interests), so the point is moot.
hero member
Activity: 644
Merit: 500
It's genius, really: trying to buy $200M of coins directly would spike the price before you actually gained ownership of the assets, so you'd get stuck buying in at a high price. Instead, they're going to keep all of the coins they're mining, which indirectly raises the price on assets they essentially have already paid for - those coins aren't being released into the wild like they would by a company like AM, so Joe Lewis is relieving the inflationary pressure of mining, which will manifest as an increase in value on his newly minted coins.

So, Joe mines coins via Avalon and puts those in a private wallet somewhere. And even though the rest of the Bitcoin community sees those coins getting mined and knows exactly where they are, it "relieves the inflationary pressure", which I take to mean that the value of the rest of the BTCs out there go up? I don't see how or why - we will all know that those coins exist and are available to be circulated at any time, so you can't price the remaining BTC's as is they're off the market (ie destroyed).
hero member
Activity: 630
Merit: 500
Bitgoblin


Sorry, I know that it seems like hindsight, but I believe a lot of people had zero ability to process logic when they determined this story was real.  When a baby shits their diaper, I would even suggest stepping right back to take a look, rather than becoming directly involved.   Let someone else get messy.

Take a step back next time and look at it.  Ask yourself, "$200 million?  Why the fuck.."
It works..
this post contains win.

btw that's also called "the giggle test". Problem is it implies – OMG! – thinking.
sr. member
Activity: 476
Merit: 250
Since the story turned out to be bogus, does this mean that AM stock is going to skyrocket?

Yes.

that's great news, now I can go back to bed...
sr. member
Activity: 476
Merit: 250


Sorry, I know that it seems like hindsight, but I believe a lot of people had zero ability to process logic when they determined this story was real.  When a baby shits their diaper, I would even suggest stepping right back to take a look, rather than becoming directly involved.   Let someone else get messy.

Take a step back next time and look at it.  Ask yourself, "$200 million?  Why the fuck.."
It works..
is that chocolate or poop?
* licks finger
oh, thank goodness, it's chocolate!
sr. member
Activity: 392
Merit: 250


Sorry, I know that it seems like hindsight, but I believe a lot of people had zero ability to process logic when they determined this story was real.  When a baby shits their diaper, I would even suggest stepping right back to take a look, rather than becoming directly involved.   Let someone else get messy.

Take a step back next time and look at it.  Ask yourself, "$200 million?  Why the fuck.."
It works..
hero member
Activity: 560
Merit: 500
Since the story turned out to be bogus, does this mean that AM stock is going to skyrocket?

Yes.
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