I really want one of these USB miners, even just as a toy moreso than something with quick ROI. They are awesome.

Just wanted to say, good job TAT.

which, because of both the AM and BTC multipliers, means that $6000 invested back in just last august equals something like $1,300,000 right now. On a company that hasn't received a single mention in Forbes or Techcrunch yet.

So yea, people are bullish.

equipment sales (could be bigger than mining revenue). transaction fees rising. can still almost double their network % without issue. and then whatever they do next.

also where the hell else can you get something that pays 20%+ a year in returns AND where you own a share in the company.

That's why people think its very underpriced right now.

Yes, I made the same point. Saying a security isn't trustworthy, when it is completely up front about its fees and convertibility of shares, is ridiculous.

.double.

a conventional mutual fund manages billions are dollars worth of assets. If TAT gets to 5000 shares, he has 1-2m worth of assets. He also has way more risk than a conventional mutual fund. I think 5% (of DIVIDENDS not net assets) is completely reasonable, but if you don't start your own fund.

I agree. Dividends on 5000 shares * 0.05 is basically full dividends on 250 shares, which is like 200 btc per year (@ 0.015 / week). Thats a lot of overhead for like 1-2k USD per month.

1) TAT now represents a lot (hundreds?) of shareholders. I'm sure most of those people would prefer that he gets a board seat. He's been up front about that goal the whole time.
2) If you want direct shares, sell your TAT shares, buy burnside shares, and transfer them. Or even better, just buy direct shares up front, they are typically a little cheaper since liquidity is worse.
3) You should base your trust on history, not on conditions that you would be willingly agreeing to when buying the security but which you don't like.

Interesting, the numbers i've run are similar. I've drawn up a number of scenarios trying to value this and in most of them, the stock is not expensive currently (even at 2.5) if 20%-25% of the network hashrate is maintained and annual hardware sales are in the 2-4x range of recent known sales. How crazy that is really comes down to whether AM can get and deploy 10x what they have now. I don't see a reason to think they can't given their track record.

Another thing motivating AM share growth right now is that people have very limited other investment options. No one else is shipping ASICS in 1-2 days from purchase (or even 1-2 months), so if you want to mine, you go with AM. No other asic manufacturer lets you buy stock in their company, so if you want to invest in a mining company, you go with AM.

They are the closest thing to a bluechip that exists in Bitcoin land. That should carry a very healthy premium when all is said and done. People need to run the numbers themselves, but in my humble and obviously biased opinion, the stock isn't expensive from a value perspective.  

Then of course, there is speculation. I mean, wait until Techcrunch does an article on the company that went from 0 to $120m in 8 months with only 200k in startup capital and who doesn't even have a website. Wait until Forbes writes an article on the 6k investment 8 months ago that is now worth over a million dollars. That's when crazy time starts.

Helps to estimate expected dividends, or at least the portion that comes from mining and not sales.
Helps to verify that ASICMiner is currently mining at the rate they claim to, which builds confidence

ASICMiner cannot merge mine will all 21TH or it will destroy the alt coins, both in terms of theri network hash rate (exceeding 51%) and in terms of exchange value (thats a lot of coins now being insta sold). So yes, a portion could go to DEVcoin and IXcoin, and namecoin, but not all or even most of it.

In other words, its not going to be +6.42%

It might be something to explore, but right now I think Friedcat has much more profitable optimizations and expansions to pursue.

What?

https://blockchain.info/block-index/383941

Transaction Fees   0.1392 BTC


My question now going forward (for everyone, not specifically Friedcat), for an company like this, is there any advantage to using the pools at all?

Solo mining provides

1) No operator fees
2) All transaction fees (which have been consistently rising since Bitcoin started)
3) Less risk from pool owner trust
4) Less risk from pool downtime and DDOS attacks

At a cost of
1) More variance (who cares when you have significant hash power)

Really? Because you can move out of the PTs to direct for free, and have better access to liquidity when in a PT. So I'm not sure why direct shares would go at a premium.

Any chance you guys could do an IPO? I know A LOT of people want to invest in your company.

This is a very good thing. Since bitpay is a payment processor, Jeff can work directly on helping Bitcoin scale and keeping transaction costs low.

Congrats everybody.

Or, since they are very smart, they can grow to 30-40% of the network, and sell remaining inventory at optimal profits, thus ensuring they can stay at 30-40% of the network indefinitely.

From what I can tell, a lot of people are currently investing in AM because they are frustrated with BFL and want any option other than buying more GPUs right now. I doubt many (most?) of them have a good idea of how to actually value their shares.

I'd be really curious to here some methods that people are using to derive their own "fair market value" for AM shares. My method is simply to believe that AM will maintain somewhere between 10% and 30% of total network hashrate for at least the next 18 months AND will also generate some % of income from mining equipment sales, (that of course is much harder to estimate). Playing with possible values here helps me to determine my personal valuation range, even if extremely imprecise. Then there is also the intangible, which in this case is the fact that Friedcat has delivered and the current high share price indicates a belief that he will continue to do so.

Here are the term's on Burnside's PT on btct.co  . From everything I can tell, Burnside is a good guy and is trustworthy.


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Transfer

Transfers in and out of the passthru are supported.  Such transfers can take some time, due to the manual nature.

One transfer OUT OF ASICMINER-PT will be processed free once per month per account.  Subsequent transfers within the same month OUT OF ASICMINER-PT are subject to a fee of 0.25 BTC for transfers of 49 shares or less.

Transfers OUT OF ASICMINER-PT are always free for any transfer of 50 shares or more.

Transfers IN TO ASICMINER-PT from elsewhere are free for any size transfer.