And on another topic... why such angst about referral links?! No one gets screwed or scammed by clicking a referral link. The affiliate only gets credit if the person who clicks the link actually buys something. And they are charged the same price as everyone (if not less, because of a special promotion). No one is harmed and a member of our hard working community gets rewarded for their efforts.
Sure, spammy posts are annoying. I know firsthand because I got scolded pretty bad by several members of the community for my overzealous efforts in the recent past. But if a post is on-topic and helpful, there is no reason not to include a discrete referral link.
+1 nothing wrong with referal links in ones sig etc. Debatable. Without affiliate marketing we wouldn't allow obvious ponzis like pbmining to thrive. |
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Nobody agrees to get scammed.
Do delays = scam? Because if you agreed to preorder then you agreed to delays. And thus have agreed to get "scammed". |
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SP-Tech have assured there is no risk in pre-ordering the SP30, and going by past performance (short time though it may be) I see it as a safe bet.
Solid logic. I'd also highly recommend preordering from knc, avalon, and bfl. Because we all know that if a company has shipped asics before, it's totally safe to preorder. Sure there is massive unnecessary risk and it is unlikely to pay off considering almost all preorders end up shipping late/underperforming hardware when in stock hardware is cheaper. And sure you probably won't be refunded in the case of catastrophic failure but you should take the risk anyways because it totally sounds like a great deal. PS: use my affiliate link please. /s |
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AM has already peaked. Way to much competition. Its continually falling share price reflects that. At $140 a share (current price), I don't believe this business is worth $56,000,000. Its hard to believe that this business was valued in the hundreds of millions just a few weeks ago. IMO its threshold is .25 BTC a share, and thats assuming BTC doesn't explode in value.
Where is this competition you speak of? $56,000,000 is not much considering the company just doubled its assets in a month (now ~$8,000,000). |
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and they are seeking to acquire other bitcoin mining companies , maybe shareholders here can cross fingers for a buyout Please share your sources. That seems like a bad strategy. What would they have to gain from buyouts? |
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AM cannot compete with Bitfury. their plans is to have better heat efficiency than nearby google DC What exactly does this mean? Are you talking about PUE or w/gh? Also source? |
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unless he has problems with deploying that much power. I do believe this is a limiting factor. AM is only working with 1MW and it's not particularly cheap electricity ($0.15/kwh for the immersion DC iirc). Personally, I'd like to see more self mining, but if I were FC I'd also be wary of the additional liability of self mining (sourcing power/space thus making the business much less nimble). I agree. Although I believe FC knows what he is doing and will do whatever is most profitable, I'd still like to see some expansion on the solomining operation. It would be nice if we could get a ~20Mw DC with cheap electricity (<$0.05/kwh) to rival bitfuries giant farm which will be running soon. |
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But the price for June's batch is 0.35$ per G for sure.
Source? |
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I'm a journalist by trade and I like to be in the know.
I lol'd. |
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you get what you pay for, and it's being realised by big investors
You're talking about the people who just bought 8ph total worth of AM chips right? to build rigs to sell on? no. i'm talking about rigs that will be hashing for miners - people who have been in this game, upheld the network for long enough and still see a worthwhile investment in mining rigs. meanwhile... where dividends were due to shareholders, friedcat will continue to plough YOUR earnings into further development, continually reducing the profit margins until all that is left is a pittance of your original outlay. well done friedcat, genius business plan. I've never seen so much misinformation in one post. Who exactly will be using these chips other than miners? Our "dividends" were turned in to wafers worth 2.5 times their cost. The earnings were not spent on development. The profit margin might be reducing but it won't be below $0.3/gh. AM just doubled assets per share in one month. Not a bad business plan if you ask me. |
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you get what you pay for, and it's being realised by big investors
You're talking about the people who just bought around 8ph worth of AM chips right? |
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I was just trying to find out why would FC settle for ~0.2$/Gh profit when I think that he could get more. If hashratio has the same 0.2$/Gh profit then doesn't that mean that by producing his own miners FC could get at least 0.4$/Gh as profit? It is $0.3/gh profit. And a few reasons why they wouldn't want to sell complete miners would be because it would require tons of extra funds/manpower, and it also creates a situation where AM is directly competing with it's partners. It's much easier to just ship out chips and let the asic builders tear eachother apart. Also there is no way AM would have been able to produce anywhere near 8ph worth of complete miners in a month. |
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Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.
What are you talking about? Chips are sold at around $0.5/gh and cost around $0.2/gh. If they sold at a loss how would they have $9,000,000 in assets? And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that. What? How did you extrapolate that? I think you are imagining FC could have sold the same amount of chips at $1+/gh which is not realistic. $4,000,000 in chip sales suggests FC knows what hes doing. And distributors aren't fleecing anyone. For example hashratios production costs are $0.8/gh and sold for $1/gh. Extremely small margins. Even at the average price of AM hardware at $1.4/gh the margins are not huge. Certainly nowhere near the profit per gh on overpriced hardware like spondoolies but exorbitant prices does not equal maximizing profit. |
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Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.
What are you talking about? Chips are sold at around $0.5/gh and cost around $0.2/gh. If they sold at a loss how would they have $9,000,000 in assets? |
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I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.
Whaa?? .09? when did that happen? Goat said he caught .13, but the lowest I saw was .17, And I was quite pleased with that, at the time  havelock chart says low of 0.11 on friday ( https://www.havelockinvestments.com/fund.php?symbol=AM1) I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake. 0.09 is just ridiculous. iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain. How is 80,000 BTC for the whole company a bargain? Either in fiat or BTC. AM just did 10% of that in sales in a single month. |
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REV C made me giggle in particular. thanks for reiterating the joke Who cares what rev it is? Do you really think spondoolies went through no revisions? |
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Those photos are very sexy. The differences between these two companies is night and day.
Really? Knc released board pics also.  |
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Dropped from $170 to $140 in less than 3 hours. Insane. At the rate its going AM shares will be lower than $100 within the next 6 hours  And after the dumping of 500 shares the price nearly doubled within hours! At this rate we will be at 4btc/share within a day. |
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any company worth their salt, and as TAT plainly states, FC et. al are millionaires; so any reputable business people that operate a company that generates millions in revenue wouldn't hesitate to spend 50,000$ on documents, lawyers, and independent reviews that plainly show whatever you claim.
but we're talking about people who operate in a country that is notorious and rife with fraud in business dealings.
The only thing Ive seen TAT plainly acknowledge is that he has no idea what he is talking about. It is absurd to think AM needs to publicly release documents with identities, verified by lawyers and independent auditors for every business partner. That is not the 'merican way of doing business. Until there is a single shred of evidence to suggest this conspiracy theory is remotely possible, we should stop entertaining the idea. |
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First of all that is simply not true and can be proven to be false.
Second, why would it matter? If AM is selling chips why should we care who is buying them?
Do you really think FC owns any of the known 4 companies manufacturing hardware using AM chips?
if you think it doesnt matter you are the dumbest person on these forums, and that is saying a lot. Ok it does matter I misspoke. Still do you really think FC owns any of the 4 companies? This is an extremely risky and not so rewarding conspiracy you are suggesting. |
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