Update

A lot of great thing happened last week. We wiped over the obstacles (infrastructure and paperwork) on deploying and put a lot of our available hashrate online. We also did a significant improvement (power, design, appearance) on the USB stick from the sample batch to the production batch.

For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.

Confirming that May 8th's dividend payment is 0.01108519/share.

It has begun, THE FIRE RISES!!

AND they're still deploying more on a daily basis...

Thank you, it is appreciated
Sorry for the a bit whine post, just a lot to do right now and a lot of unhappy people xD
So nice to get some positive feedback for once
1D5FovRSbjWsQ7QfL4fL5tgWdbSmTW8oqK
Thank you!
//DeaDTerra

It was paid 4 days ago

Informal, unofficial update on hashing

I asked friedcat to clarify a few things.
(1) Deployment rate will vary from 3 TH/s - 10 TH/s per week for the next few weeks.
(2) 20% at most of the second batch will be sold, so we will most likely see around 50 TH/s deployed.
(3) Full deployment by June is the plan.
(4) No power or network bottlenecks are expected.
(5) People can stop complaining about centralization because we will be solo-mining within the month.

To anyone that is interested, I have gone live with a new fractional passthrough of ASICMINER shares.

You can learn more about how it works and why someone might be interested here: https://bitcointalk.org/index.php?topic=192498.0

You can buy the shares on Bitfunder here: https://bitfunder.com/asset/TAT.ASICMINER

While I think this is relevant to this thread, it's possible I am biased and some of you will be angered at this "shameless self-promotion". If so, you can take comfort in knowing that I will pay the price in hell upon my day of reckoning.

yes, I completely agree with you on this.  I was merely stating that more information would be good for me.  I am not entitled to it, though I did request it (asked a question).  It's not owed to us, but it would be nice to have.

Again, strawmen and slippery slopes usually don't make for good arguments. I believe at least my request was very clear; I explicitly do not want to know what friedcat has for dinner every day.

I would love to know

1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)

Nobody is asking for any excruciating detail, least of all on a daily basis. I'd be fine with far less frequent updates that we're already getting.

In fact, if it boils down to it, I really want to know just one thing, once a month: Is the operation going according to your plans? If the answer is yes, fine, if the answer is no, I would like to know that there is a plan to mitigate the issues. I don't even care what those plans are, I trust them to know far more about what to do than I could know. They can prove the plan's success by answering "Yes" to the same question next month or two months down the line if that's how long it takes to resolve whatever issues there are.

.b

Dividend has been paid out
//DeaDTerra

How do you determine the risk without having information to base that decision on?

I asked for more information after last week's update, and I got a similar response from fellow shareholders.  More information is not a bad thing, guys.  It is not an attack on Friedcat or AM to request details on what is planned for the next few weeks.  It would have been nice to know we weren't going to get the profits from the last auction.

Am I saying Friedcat is a bad guy because of this? no.  Do I think less of AM because of it?  no.  Do I deserve it as some sort of special entitlement? no.

I'm just saying it WOULD HAVE BEEN NICE to know what was going on beforehand.  Is that really too much to ask?

It looks like we are hitting the additional 7.5 TH/s as promised, and that's wonderful news!  Personally, I'd like to know what the plan is for the coming weeks, both on deployment and auctions.  

If Friedcat is too busy to communicate with shareholders, I completely understand. Is there anyone else in the company that can participate in the communications and updates?  I'd be happy to help develop a website/place for official updates and information.

Debt and equity are fundamentally different things. Your name is Schmoe, and you have no business here.

I'd look that up with an accountant if I were you :-)

A share is a declaration of debt in the form of ownership. In other words, a shareholder gives the face value of a share to the company and the company acknowledgeds that debt in the form of a share of ownership. It is generally an irredeemable and interest free debt unless the company is liquidated at a balance, but it is still a debt.

The premium a shareholder gets from that share is the share price, the debt owed by the company to the share holder is the face value.

Yeah, technically, the term debt refers to something that will be paid off and earns an interest, whereas stock equity is not paid off and any 'interest' paid is called dividends, but in practice it is the same thing. You sell shares and increase your debt (or stock equity).

Otherwise, issuing shares would be an income for the company, which it certainly isn't.

Look, the technicalities of book keeping is irrelevant to the discussion. Even if a share holder is comfortable with the return they have gotten, that return is still tied to a promise made at the IPO by the company and the expectation of the share holder that those promises will be kept. The risk the share holder puts on the possibility of a default on those promises, plus whatever earning they expect from their investment, is the price they expect to get from an eventual sale.

At this point, it seems nobody has any clear answers to how we can evaluate that risk. That uncertainty should make an investor uncomfortable at some level, regardless of whether they believe in a bright future for Bitcoin or cryptocurrencies in general.

.b

I support the idea, in fact I think I was the one to propose it, but I can not see why this would cost anyone 5% of dividends. Both the regular PTs have waived their dividend fees, and I'm fairly certain the effort involved in issuing one command per week isn't worth those 5%. If you get half the size of the BTCT PT, that'll be over ฿3 per week for essentially issuing one command.

When I suggested the idea, including a fee, I was thinking something along the lines of 0.1% upwards limited to ฿1 per week or something like that.

The same goes for the other 100PT that was announced on BTCT, BTW.

Finally, I dislike the idea of running a mining operation as part of a PT, but that's solely a personal preference in that I like to keep my interests 'clean' from additional variance whenever possible. I would much prefer that the board, if received, would go into a separate stock.

.b