I'll try to be more clear also: I don't think a website is a bad idea at all, and I think that eventually Friedcat should get around to making one.
I just think that Friedcat's time is currently unusually valuable. He's not actively searching for investment, so beyond your desire to drive up the stock price a bit more, what is the benefit to ASICMiner as a company of having a website right now at the expense of hashrate deployment?
The potential profit per minute of Friedcat's time will eventually come down, and then the information release will follow. As it stands, it seems to me ASICMiner is having no trouble attracting those 5 or 6 digit investments.
I think the weekly questions format is the best compromise for Friedcat's time.
No, I don't want the stock price driven up, quite the opposite. If I had a choice I'd like it to go down, so I can buy more. I'd like the value of the company to go up, which is something quite different. I think having financial data would be a start in that direction. I don't care if it's a website, an email, written on a box of cornflakes, or whatever, I'd like the man to at least announce a plan to transfer what is in his brilliant mind into something permanent. Even if he said "we will starting producing quarterly earnings reports in October, and annual earnings reports and financial statements in April" (or whatever), I'd happily slide back under my rock. I agree. He should set a hard date. Maybe the date at which a formal business plan and earnings reports will be issued would be a good candidate for the next round of questions. I'm in agreement here. Shares are getting a bit high for the informality. I wouldn't like to see it much higher in the current state. |
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The recent controversies over mining bonds has made me realize that people are missing a fundamental of value analysis. If you use a few simple tools, being ripped off by the sharks issuing bitcoin securities becomes a lot less likely. A simple measure is price to book value. http://www.investopedia.com/terms/p/price-to-bookratio.aspThis is simply the market value of the security divided by the value of it's assets. In very basic terms it is the markup that the shares are being offered at relative to the existing assets. It gives you an idea of the value that could be recovered from the security in receivership. Note that it is common for stocks to trade at a price to book under 1. This could indicate a great bargain, or it could indicate a stock where management is actively skimming value to themselves at the expense of shareholders. ASICMINER's IPO sold at a price to book of 2. That is because all the investor funds went into the company, and the principals held 50% of the stock as sweat equity. Today, I estimate the price to book of ASICMINER to be less than 3. That is based upon valuing existing hash rate at 3 BTC / GH/s, and future hash rate at 0.2 BTC. Now let's look at a couple other offerings. TAT.V - no assets, just a promise from a psuedonym on the internet. Price to book value here is infinite. BFMINES - hash rate purchased at $20 / GH/s and selling for $400 / GH/s. Price to book of 20. AMC - Price: 100 000 000 * 0.0008 = 80000 BTC. Book value (6 Avalons at 70 GH/s + 5 TH/s of future hashing) 2260 BTC. Price to book 35It should be obvious why these securities are beneficial only to their issuers, and why listings for BFMINES and AMC on BTCT.co should be rejected. You know what man, I'll get raped however way I feel like okay? |
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anybody try these guys?
Thanks stslimited. If you have any questions, you may contact us here or come to our online service. https://796.com/?lang=enHave a great day. Why are you thanking him? |
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for the trolls that keep bringing up how BFL is going to slaughter AM next week with all these orders, I present a BFL order chart: http://bfl.allalla.com/boy, just look at that competition go... yawn. +1 I like how you're going AM spokesman this week, but interested to see how you react if AM div is < 0.02 this week (which seems likely). Will you be all like "revenue dropped, this is overpriced"? Is 0.017 acceptable to you for this week as long as it recovers next week? |
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The guy at the top: Here, have some stats: Charts courtesy of SmiGueL Nah, he's not the one running it, he just made the charts. I forgot who runs it though, I'd estimate that info is about 100 pages back in this thread. novusordo https://bitcointalk.org/index.php?topic=203067.0 |
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CanaryInTheMine is selling USB miners like hotcakes... https://bitcointalk.org/index.php?topic=241414.0And this is probably just US customers for the most part with the recent reseller agreements friedcat set up... ASICMINER IS DOOMED SELL YOUR SHARES! (So I can buy them cheep and take in the epic div for this week!) Yes and no. The payment is for 400 BTC and who knows if it makes it into this weeks dividends so quickly. Additionally, the current mining wallet is at 5200 BTC. Tomorrow it'll be around 6050 BTC. 400 BTC is a 6.6% bonus and brings the dividend to 0.016 (6450/400000). Epic? Not really but who knows, we'll see. There's got to be more to it than that. |
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They probably shipped over 500 orders since lots of orders are not on that list at all, but it's still going to take a LONG time to get through the 18 thousand orders in the queue.
I get the impression they will never get through the queue, but instead will keep chaining new products and pre-orders. |
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Dividend this week? According to these graphs: http://runeks.dk/bitcoin/0.0116 * (7/6) = 0.0135 (current dividend multiplied by a week over currently mined days) What's the expected hardware sales? The out of stock announcement was on the 14th and the new USB sales started yesterday, which suggests very little in the way of sales. If there was that would be awesome though. Not expecting much this week. I'll put it at 0.017 which is still good. |
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What I'm interested to see is if BTC takes off to 500 or 1000, if people will find AM overvalued at that point and/or want to cash out since the FIAT is more juicy.
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I just counted them and the exact number of delivered orders on that list is.... (drum roll) 169
Oh snap! Nigga you got TOLD!
Nice one! Hey, Mabsark, how does your pride taste? hahahahaha  so, let's see, under 200 orders, OMG, they might become an AM competitor in what, 34 years? Yes, I was wrong, I was remembering the number of Jalapenos shipped, not the orders. It doesn't bother me in the slightest that I was wrong. I admit I was wrong and stand corrected. What of it? Perhaps try to have a higher standard of factual basis before you post.  |
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The fact that AM could half the price of those USB stick just proves how overpriced they were. They're still incredibly overpriced though when compared to BFL, and yes, I will compare AM to BFL because I'm a miner, not a retarded fanboy who worships companies and licks the arse of their bosses.
I guess miners like you like to wait a year+ to receive their orders, right? Let's see, let's compare nothing to something, and then see which one is more valuable...  Of course not. Everyone wants their miners as soon as possible. I paid 1.6 BTC for a 5 GH/s BFL in April and I'll have it in August at the latest. 4 months != 1 year. Anyone ordering now will also have to wait about 3-4 months before they get their order. Let's compare then smart arse. AM 3.3 BTC per share 400,000 shares 0.03 BTC weekly dividend (extremely optimistic) 110 weeks = 770 days to recoup costs 5 Gh/s BFL 274 USD = 2.74 BTC @ 100 USD/BTC 0.018 BTC per day with network hash rate at 1000 Th/s, 153 days to recoup costs 0.0045 BTC per day with network hash rate at 4000 Th/s, 612 days to recoup costs So, even if you did have to wait another year for your BFL miner to arrive, you'd still make far more profit from a BFL miner over an AM share. Face it, you need to go back to school and learn how to do basic maths. Your calculations don't take into account that AM will be implementing increasing hashpower and, hopefully, be mining and generating TX fees for quite a long time. This will likely make the shares still worth something after the ~2 years that it takes to ROI. However, your BFL Jala will be worth nothing after two years. AM increasing hashing power will not automatically increase their dividends. Their hash rate has to increase at a rate greater than that of the network hash rate in order to that. AM have also stated that they don't want to control more than a specific amount of the network share. And it doesn't matter if you can resell the shares. By the time you've recouped your costs with AM, if you bought a BFL miner, you'd be able to buy a newer, cheaper, more powerful and more efficient one with the profits. The BFL alone would likely recoup the cost of the new miner before you recouped the cost of an AM share. So, who's in the better position? You still waiting to recoup the cost of an AM share, or me having recouped my costs and having a BFL and brand spanking new miner generating pure profit? Obviously you're happier ... in your fantasy land. You could invest your AM divs in a spanking new miner too, or back into AM. Recouping != ROI. |
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The fact that AM could half the price of those USB stick just proves how overpriced they were. They're still incredibly overpriced though when compared to BFL, and yes, I will compare AM to BFL because I'm a miner, not a retarded fanboy who worships companies and licks the arse of their bosses.
I guess miners like you like to wait a year+ to receive their orders, right? Let's see, let's compare nothing to something, and then see which one is more valuable... Of course not. Everyone wants their miners as soon as possible. I paid 1.6 BTC for a 5 GH/s BFL in April and I'll have it in August at the latest. 4 months != 1 year. Anyone ordering now will also have to wait about 3-4 months before they get their order. Let's compare then smart arse. AM 3.3 BTC per share 400,000 shares 0.03 BTC weekly dividend (extremely optimistic) 110 weeks = 770 days to recoup costs 5 Gh/s BFL 274 USD = 2.74 BTC @ 100 USD/BTC 0.018 BTC per day with network hash rate at 1000 Th/s, 153 days to recoup costs 0.0045 BTC per day with network hash rate at 4000 Th/s, 612 days to recoup costs So, even if you did have to wait another year for your BFL miner to arrive, you'd still make far more profit from a BFL miner over an AM share. Face it, you need to go back to school and learn how to do basic maths. If you can sell your AM share for more than 0 BTC after 770 days, then you have no argument. You can't know the price of AM in 770 days, but it likely won't be 0 BTC. Additionally, you can't know the future difficulty so why bother with your pointless simple math. |
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Here comes a Bitcoin drop.. this always leads to a dip in share price and then a swift recovery
once = always ? It happened because there was a lot of hype around AM and people invested more than they could afford and then paniced. It has happened a few times, at least since I've been invested (got in at 2.10) Yah but the first time was the biggest, went from 2.5 to 2.25 |
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Yah, although traditionally it has dropped the half a day before the dividend because the sell off earns more.
I don't see that. I typically see a rise right before dividend... Not sure which stock you're watching but Burnside's AM on BTCT does just this, maybe not week I didn't watch it. First week at 2.5 it was like 2.5->2.8(12h before div)->2.6(1h before div)->2.45(after div)->2.5. Next 3 weeks were less dramatic, like rise to 2.6 back to 2.48 then 2.5, but still a 0.1 profit per share on that. |
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Usually when it went up "too" quickly, it corrected a bit before increasing again more steadily. Might happen because the last days we've seen quite a quick rise.
could happen. It might slump down near 3.25, but I expect it to pick back up later today and tomorrow for the dividend rush. Yah, although traditionally it has dropped the half a day before the dividend because the sell off earns more. |
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Needless to say, as of today, I'm not a shareholder anymore, I just sold all my shares at ~3.4 and I am quite happy with the profit I made. I don't write this as a measure to push the price down, as I don't plan on buying back in. I'm not even sure I made sense (it's really late), but just see this as an objective opinion that doesn't have the incentive of pumping the share price, which is really rare to come by in this thread.
You cannot write something you don't think of. Share price will be flatted when dividends are stable, this guy gives up his future income.. needless to say that share price right now is reasonably based on its dividend, which is around 35% return per year. we should see small price fluctuation around BTC 3.5 for long time. Yah totally likely, or it'll hover around 3.0-3.1. The dividend this week still may not be amazing since there may not be many hardware sales this week, due to being out of stock and new USB price orders not going through in time. It'll be interesting to see what it lands at and if they can maintain this network share. Hopefully there's no outages. |
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Manipulation on BTCT, lol  |
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If anything, people should learn to stay away from AsicMiners' stuff until they drop their prices, because they will do it.
All prices drop all the time. That laptop you purchased last year for $1500? Today you can get the same one for just $1000. It's how technology works! No dude it is not. Manufacturers set prices based on product lines. The model has a manufacturers suggested retail price which probably will not change over the life of the product. If you bought abc tv at walmart and then a week later they dropped the price by 50% what would you do? I'd demand the lower price and you know what, walmart would give it to me because they understand marketing and sales. Dropping a price by 50% a month after launch is just dumb and it's likely to confuse your prospective customers. Yes, well, they must be setting it on supply and demand. There isn't enough demand for the USBs to justify a bulk order, so they lower the price to generate marginal profit. And obviously the difficult changed since last month  |
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Legitimate question: Does this mean that they are going to refund 1.99 BTC-0.89 BTC = 1.1 BTC per unit to anyone who has purchased over 1000 units? Or 1.1BTC *1000 = 1100 BTC to each person who has purchased over 1k units? If so, where does that BTC come from, and how does it affect dividends? Or am I reading this wrong?
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Hash rate appears to be dropping again (likely luck, could be a similar issue to last time). Don't forget to panic-sell, everyone!! Daddy needs a new pair of shoes. Yah and there's already 0.01 in the dividend from mining alone and still half a week to go. |
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