romerun



Offline



Activity: 1078

Merit: 1001





Bitcoin is new, makes sense to hodl.







LegendaryActivity: 1078Merit: 1001Bitcoin is new, makes sense to hodl. Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It June 06, 2013, 01:17:11 PM #6685 Quote from: lophie on June 06, 2013, 02:36:51 AM



The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.



Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.



If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.



This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )





I just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried"

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

philipma1957



Offline



Activity: 2926

Merit: 2628









LegendaryActivity: 2926Merit: 2628 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It June 06, 2013, 01:30:37 PM #6686 Quote from: romerun on June 06, 2013, 01:17:11 PM Quote from: lophie on June 06, 2013, 02:36:51 AM



The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.



Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.



If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.



This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )





I just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried"

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world





Flaw is bfl has yet to prove they can build a working single no less ship it quickly.



As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012. That is 14 days of back orders in 1 day. At this pace BFL will be caught up to June of this year in about 25 to 30 days.



I ask again when BFL is selling a 5GH machine for 2.5 BTC with a 1 week wait what is AM's counter plan. As of today AM's blade is 30BTC for 10GH. AM's usb stick is 60BTC for 10Gh



LINK to current Jalley status



https://forums.butterflylabs.com/content/136-wednesday-6-5-2012.html





I am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.



I am asking for AM to make a hardware move . Or an announcement. I will post BFL jally updates each day. Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build 1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers. Flaw is bfl has yet to prove they can build a working single no less ship it quickly.As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012. That is 14 days of back orders in 1 day. At this pace BFL will be caught up to June of this year in about 25 to 30 days.I ask again when BFL is selling a 5GH machine for 2.5 BTC with a 1 week wait what is AM's counter plan. As of today AM's blade is 30BTC for 10GH. AM's usb stick is 60BTC for 10GhLINK to current Jalley statusI am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.I am asking for AM to make a hardware move . Or an announcement. I will post BFL jally updates each day. Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build 1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers. I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.

michaelGedi



Offline



Activity: 364

Merit: 250





"to be or not to be, that is the bitcoin"







Sr. MemberActivity: 364Merit: 250"to be or not to be, that is the bitcoin" Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It June 06, 2013, 01:43:48 PM #6688 Quote from: philipma1957 on June 06, 2013, 01:30:37 PM Quote from: romerun on June 06, 2013, 01:17:11 PM Quote from: lophie on June 06, 2013, 02:36:51 AM



The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.



Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.



If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.



This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried" <-(got the reference )





I just read the BFL for ASICMINER two pages ago and I would like to add my take on this. I got myself a BFL single 60GH for 18.2BTC with some of my ASICMINER "dividends" instead of buying more shares (of course I did with most of the rest of the divs!).The idea was, as a miner, it doesn't matter how profitable ASICMINER as a whole it is just how much hashing power it provides per share. The extra point here is ASICMINER is increasing mining power per share, and doing it easier, faster and cheaper than other companies do. Plus the hardware sells of course.Now as a diversification attempt I got myself 18.2BTC/60GHps=3.296703297GHps per BTC, It was a gamble on the future that BFL would not be "that" late that 1 share of asicminer would reach 3.296703297*2.4=7.912087912 GHps before the mining device arrive and I start hashing with it, of course I accounted for the divs happening in that time.If this gamble were in my favor it would be more profitable that I got that miner instead of buying "more" asicminer shares with those 18.2BTC.This is what I did. Please tell me where I am fundamentally flawed and I deserve to be "deeply fried"

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world

flaw is, once you've got 60GH, it's fixed at 3.29x GH / BTC, but AM hash / BTC will keep rising till the end of the world





Flaw is bfl has yet to prove they can build a working single no less ship it quickly.



As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012. That is 14 days of back orders in 1 day. At this pace BFL will be caught up to June of this year in about 25 to 30 days.



I ask again when BFL is selling a 5GH machine for 2.5 BTC with a 1 week wait what is AM's counter plan. As of today AM's blade is 30BTC for 10GH. AM's usb stick is 60BTC for 10Gh



LINK to current Jalley status



https://forums.butterflylabs.com/content/136-wednesday-6-5-2012.html





I am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.



I am asking for AM to make a hardware move . Or an announcement. I will post BFL jally updates each day. Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build 1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers.

Flaw is bfl has yet to prove they can build a working single no less ship it quickly.As for jalapenos BFL is now up to JULY 20 of 2012. Yesterday they shipped up to July 3rd of 2012. That is 14 days of back orders in 1 day. At this pace BFL will be caught up to June of this year in about 25 to 30 days.I ask again when BFL is selling a 5GH machine for 2.5 BTC with a 1 week wait what is AM's counter plan. As of today AM's blade is 30BTC for 10GH. AM's usb stick is 60BTC for 10GhLINK to current Jalley statusI am not a BFL fan AM has been a better company so far and as I said they made some coins for me. BFL has held money for me so far.I am asking for AM to make a hardware move . Or an announcement. I will post BFL jally updates each day. Obviously this may be a desperate attempt by BFL to get new orders and they may only be able to build 1000 Jallys and stall. I get that. Still needs to be monitored daily as jallys are moving out to customers.



you're asking in the wrong place, none of us know the answer... but thanks for bringing it up.



Send franktank a PM in order to get this question added to the FAQ that he/TAT etc will be sending to friedcat you're asking in the wrong place, none of us know the answer... but thanks for bringing it up.Send franktank a PM in order to get this question added to the FAQ that he/TAT etc will be sending to friedcat



1BROKER has been around since 2012 and is going strong TRADE FOREX, STOCKS AND COMMODITIES without the paperwork with Bitcoin: https://1broker.com/m/r.php?i=3589 1BROKER has been around since 2012 and is going strong

friedcat

Legendary



Offline



Activity: 848

Merit: 1001









DonatorLegendaryActivity: 848Merit: 1001 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It June 06, 2013, 03:23:38 PM #6691 Update



The wafer of the first half (100TH/s) of next batch is to be out of fab.

More than 4,000 USB devices are sold out in total.

The demand of blades are surprisingly long-lasting and still high.



With respect to the mining business, we have never seen it as a drying up one

in spite of persistent block halving. If Bitcoin ever rises as a successful currency

in a few years, and the transaction fee has to be, say, 15BTC each block on average,

to prevent attacks from organizations that are all over the world and begin show

up when Bitcoin flourishes, what we could expect is 27.5BTC per block after the

next block halving, and more than 15BTC forever in the further future.



The shares "missing" are those missing from the original GLBSE database when we got

them. Some people had failed to report their Bitcoin address. Among them, several ones

successfully redeemed their shares after we mailed them for the address info. But the

rest failed to mail back.



The delay of confirmation of this week's dividends is caused by the payments of real

dividends are chained after the satoshi transactions, which are now refused by most

of the clients. We will either stop the satoshi payments, or unchain the payment in our

modified scripts. The ASICMINER Project

https://bitcointalk.org/index.php?topic=99497.0

Franktank



Offline



Activity: 560

Merit: 500





For Science







Hero MemberActivity: 560Merit: 500For Science Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It June 06, 2013, 03:25:32 PM #6692 Quote from: friedcat on June 06, 2013, 03:23:38 PM Update



The wafer of the first half (100TH/s) of next batch is to be out of fab.

More than 4,000 USB devices are sold out in total.

The demand of blades are surprisingly long-lasting and still high.



With respect to the mining business, we have never seen it as a drying up one

in spite of persistent block halving. If Bitcoin ever rises as a successful currency

in a few years, and the transaction fee has to be, say, 15BTC each block on average,

to prevent attacks from organizations that are all over the world and begin show

up when Bitcoin flourishes, what we could expect is 27.5BTC per block after the

next block halving, and more than 15BTC forever in the further future.



The shares "missing" are those missing from the original GLBSE database when we got

them. Some people had failed to report their Bitcoin address. Among them, several ones

successfully redeemed their shares after we mailed them for the address info. But the

rest failed to mail back.



The delay of confirmation of this week's dividends is caused by the payments of real

dividends are chained after the satoshi transactions, which are now refused by most

of the clients. We will either stop the satoshi payments, or unchain the payment in our

modified scripts.



Thanks! Always a pleasure to see your updates! Again, thanks for all your hard work and keep it up! Thanks! Always a pleasure to see your updates! Again, thanks for all your hard work and keep it up!