Current winning bids:

Phantitox   2  @ 2
biganth     10 @ 1.7

It wasn't very smart to start this while my Cairnsmore auction is running.

The CM1 has 2x the Spartan 6's of your lancelots.  So 5 BTC each for them would be cheaper than your ask.

And right now the high bidder for the CM1's is 2 BTC.

800 MH/s is typical, +/-10%.  I'm not going to get into promising specific boards, so I won't go further than that.

There is no minimum, and I can ship anywhere.  Shipping costs are your responsibility and payable in advance.

I am auctioning 12 Cairnsmore CM1 Quad Lx150 FPGA boards.  All boards are in good operating condition, programmed and ready to hash.  Buyers of 2 or more will receive enough stacking kits and up-down connectors to pair boards into 1 USB connection per 2 boards.  Power consumption is 45W / board, so these board will continue to be profitable for a long time.  Shipping costs and escrow fees are the buyers responsibility.  I will escrow with John K.



Auction Rules

Minimum bid increment is 0.05 BTC
This auction will end at 12:00 noon NYC time Monday June 17th.
If there is a bid within 30 minutes of the auction close, the auction is extended for 30 minutes
Bidding in the extension period is ONLY open to people with winning bids during the normal auction period.

The first step is to compare the share price to the hardware cost.  For the typical mining bond that will be the end of your calculations because the bonds are always outrageously overpriced.  I would research what happened to investors in mining bonds if you still think it's a good idea.  Eskimo bob has a good thread on it from last year. (Although technically he's wrong - they aren't mining turds, they are scat bonds.  :-) )

Asicminer is a different beast.  With both a virtual monopoly on ASICs that you can buy and receive in a timely manner and an enormous network share that their business plan calls for maintaining, it is hard to determine a present value for the company.

Over time you would expect them to lose their hardware monopoly and that will erode the dividend stream somewhat.  But they are unlikely to lose top spot on the network for a very long time.

At 1.5% weekly dividends, I am not a seller.  Overall, I think the shares are presently underpriced because many of the wise early investors are cashing out the princely gains they have made at this level.  If this dividend level outlives the profit takers, I would expect the equilibrium share price to head into the 3 Bitcoin range during the summer months.

AMC screams scam to me.  He has no skills to deliver what he claims, has set up a corporate structure with 2 different layers of scam in it, and publishes lies on a routine basis.  That doesn't mean you can't make a profit selling shares to a greater fool.  :-)

It seems like a history of being intentionally misleading about your identity would be a dealbreaker.  Perhaps that kind of deception could be overlooked by full disclosure now, but without such disclosure I think you're just asking for trouble to allow him to list with you.

Has usagi provided you with definitive proof of identity?  I remember when he first started his blitzkrieg of interlocking share offerings that he was pretending to be a Japanese girl, even going so far as to hold off on posting until daylight hours in Asia.

LOL wasn't Veridian the name of the mega-corp in that sitcom 'Better off Ted'?

Good luck with your venture.  If you execute well you could own a credit union in a year or 2.

I thought about buying out a payday loan place for access to the banking system.  But the karma of their business model... ICK!!

I would shop your plan around to local credit unions.  They have the same access to the clearing system as the wall street banks, and with persistence you can get access to decision makers.

What would you call someone paying 10x market price for a product they will not have actual control of?

Again.  Look up how 'AmazingRando' built himself about 2% of the total network hashpower and then stiffed all his 'investors'.  Or review how GigaVPS fleeced his investors.

In principle, a mining company that reinvests to maintain market share is a good idea.  But that reinvestment flow should not be done using voting shares controlled by the issuer.

And continuous new share issuance to fund Ken's elves and unicorn plan is just going to dilute all you earnest early investors to nothing.  Well, to the extent that you aren't already diluted by Ken's free shares, and gift of rights to his holding company.

My sympathies to the rubes who paid 10x what Friedcat sells boards for to get access to the miniscule dividends that will remain after you pay all VMC's expenses with the Avalon revenue.

How many shares were you forced by Uyko to buy back after your pump and dump last weekend?

The Avalons you priced at $6000 / GH/s?

Yes, their arrival will really change my opinion of your company.

Wrong again.  Friedcat came on here with a very plausible and honest business proposition.  Go ahead and try to find a single criticism from me.

You on the other hand, are no more than Josh Jr. without the history of actually building FPGA devices.

perhaps you should research what happened to folks who invested in 'AmazingRando'

I don't run ASICMINER.  And Friedcat has already established that

-he is capable of designing and building a mining ASIC
-can run a mining operation on a vast scale
-keeps his promises

Ken has done none of those things.

What he has done, is:
Artificially pump up the price of AMC stock by buying and selling the shares himself
Posted numerous misleading press releases with completely bogus income forecasts
Set up a corporate structure inspired by the scammer Ian Bakewell that guarantees him permanent voting control
Gifted ownership of the IP for equipment development paid for by AMC to himself for a small royalty

That 'contract' lacks

- Any discussion of intellectual properties rights, or royalties completely contradicting your claims on here
- provides zero definition of 'cost' other than a retail cost in the appendix which is double the price of the Avalon chips
- discusses a 3rd party entity which isn't identified as to location, ownership or role 'SplendidCRM'
- is signed on behalf of both parties by yourself, likely making the entire document invalid due to the lack of arms length separation between the parties.

Specifies Wake County, North Carolina as the venue for any disputes.  Strange choice for a Delaware corporation doing business with a Vanatu (or is is Seychelles this week?) corporation supposedly run by a resident of Missouri.

Great.  Please post the relevant contracts.  A block of text in a FAQ page on bitfunder isn't legally binding on anyone.

I notice that all the orders are held in the name of VMC, your wholly owned company.

Does AMC have written contracts defining their rights to the hardware on order?  Please post all such agreements.

How could you have NOT known about the 25000 BTC he defaulted on last year?

I'm sure it sucks to be in the latest group of people to be ripped of by Roman, but you all did business with him knowing he had already screwed people for hundreds of thousands of dollars.  A good many of you jumped all over my ass for complaining about his continued operation while he was insolvent.

The reality is he never produced proof of the fall 2012 hack, just as he has not provided any proof that his accounts have been shut down.  For all you know Capital One closed his accounts because they were being overdrawn on a regular basis.