864300+ entries in 0.567s
mircea_popescu: the
total value of mining gear currently deployed = 214k
ystarnaud: thats pretty low compared
to what it used
to be
mircea_popescu: San1ty-Work a company once imploded over
this exact problem.
mircea_popescu: well,
this is an age old problem in
the semiconductor business
San1ty-Work: Possibly not
to fast,
they first need
to sell all
that old HW
San1ty-Work: I wonder now
that
they are pushing sales of
their old blades
ystarnaud: just people buying up
to get divs i bet
dexX7: 51 % is
the absolutely worst case, but
the double spending problem is fluent. if you didn't read it already, i highly recomment
to do so:
https://bitcoil.co.il/Doublespend.pdf - it's not about "does one have enough hashing power" but "would it be ev+ with
the current hashing power
to
try a double spend"
jurov: tat.virtualmine should reinvest
too,
to keep pace :DD
gecko_x2: and
that won't necessarily mean
the latest gen cips
ThickAsThieves: after all
the arms race, it will be
those with
the cheapest power, most efficient hw, and best ability
to scale
that survive
gecko_x2: another batch of labcoin sellers
that are gonna end up chasing prices now online..
ThickAsThieves: that would need
to be spent before we can start
to see mining have real effects on price
gecko_x2: ofcourse ppl could get
tired of
this shit
tomorrow and it would all die :p
gecko_x2: not even with gen2.. for a longer
time
than ppl expect
Rulother: They've probably impressed me
the most
gecko_x2: it's my opinion
that even if
the difficulty rises,
the price of btc will rise alongside
ThickAsThieves: who may even continue
to set
the pace, at least in
the short
term
gecko_x2: but
then
there is
the 51% problem
ThickAsThieves: while it wont be a monthly schedule, yes AM has already made clear
they intend
to add at least 800-1000TH
to
the nethash over
the next 3mos
gecko_x2: they overestimate
the short
term, and underestimate
the long
term
gecko_x2: i
think in predicting difficulty, ppl make
the standard error
gecko_x2: will all
the asic miners collectively be able
to add 50% a month?
ThickAsThieves: and
they will add 50% more hashing each month
to keep up?
gecko_x2: if labcoin gets 10
TH online
the dividend would be about 0.002790264 per share at current diff
louong: TAT, better start making plans for
that Labcoin fractional passthrough
gecko_x2: but in stock
tradng
there has
to be pain for
the bagholders
gecko_x2: really like
their products
too
gecko_x2: don't get me wrong i
think AM is an excellent business
ThickAsThieves: the % of
the network AM can maintain,
the projected hw
they will sell, and
the franchising effort
gecko_x2: now
there are lots more options
gecko_x2: before
there were nowhere else
to park your btc
gecko_x2: San1ty-Work just simply
they had a monopoly, and now competition is springing up from all over
the place
gecko_x2: it will
take some
time.. weeks
ThickAsThieves: but i have fundamental reasons for being confident it wont settle
that low
gecko_x2: oh fuck
this, i don't need
this shit
ThickAsThieves: i am willing
to put my money behind a bet,
this is how we sort out confident opinions from mindless delusion for a lesser co like labcoin
San1ty-Work: Is
that enough
to bring
the share price down
to 1.8? I don't
think so
San1ty-Work: what we know is: Div is going
to be low
this week, Blades are getting sold at 3.6 / Piece
gecko_x2: you don't know
that it's not going
to 1.8
gecko_x2: you don't know shit either
ThickAsThieves
San1ty-Work: gecko_x2: Why is
that?
They'll be selling
their old blades like hot cakes now and deploy new asics
to continue mining?
gecko_x2: yes but AM is going
to 12 - 1.8
gecko_x2: but
they have chips in hand right now, or so
they say
ThickAsThieves: you do realize
that labcoin's ability
to "adding capacity at very very low cost" is guaranteed
to be less
than most all predecessors?
gecko_x2: just waiting for
the guys
to realize
this
gecko_x2: the question ppl forget is what happens after
that, if chips and boards are working by
then
ThickAsThieves: so, "realistically" speaking, Labcoin might have half a percent of
the network in a month
naemsi: well
timed press release by labcoin eh?
assbot: [HAVELOCK] [XBOND] [PAID] 1.00978800 BTC
to 2`019`576 shares, 50 satoshi per share
gecko_x2: altough i'd prefer shareholders get
the news
through official channel first
dexX7: the
takeoff initiated by
the news happend at .002786
gecko_x2: it happened after
the update was posted
to
the forum
Rulother-pc_: yeah
the big surge happened before
that
though
gecko_x2: labcoin update posted
to shareholders
dexX7: hehe
that might be
true
gecko_x2: oh
they would 'analyze'
the pics and return with a barrage of a
thousand new questions
dexX7: well, what would you lose? instead of "scam scam!1"
the worst
thing could happen is
that people get greedy and ask for endlessly more pictures or so
Ogedei_: i feel like
theyve been pretty good about
the updates
Ogedei_: so much panic,
trolling and fud
gecko_x2: sending out pics of your daily work
to
thousands of hysterical forum
trolls is not
the best way
to ensure a peaceful work environment
Ogedei_: the labcoin
thread is
the most silly
thing ever, i
thought am speculation
thread was bad, but it got nothing on
this
gecko_x2: sometimes it's better
to work by yourself, without
the whole world watching every step
dexX7: i really don't get it, why almost no issuer
thinks about
this stuff