For who? For you maybe, but what about the people who just bought AM shares?
Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.
Why should I care about those whose attention span is less than 2 weeks? This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out. And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders. So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice. Let's see how long will it take for those wafers to get sold  When would a Spondoolie miner break even if I bought one now? What's that? You don't know because you can't predict the future? |
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The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.
And current dividends due will be paid out in full prior to this new crowdfunding plan? Here's how I see this evolution; ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due. Yes, very much ' in cooperation' with AM, is evident. Whether it works out or not, AM will still be paid for the chips that are used in this project. Do you think AM is just handing out free chips or something? Silly Spondoolie shill, what's it like being a cheap whore? |
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Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons. - What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
Simply because that's the price that was told us. - How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?
Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be. |
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Assuming projected batch sizes (May: 8.5 PH/s, June 33.5 PH/s) and assuming that the reported chip sales ($3,691,731) are the May batch and the Hardware in stock ($1,420,233+ $6,104,800=$7,525,033) is the June batch, we can conclude that AM achieved a price of: $0.43 for May and $0.22 for June.
The May batch was around 30 Ph/s given the value of 5,727,500 USD spent on wafers in the cash flow report. At 0.2 USD/Gh ( friedcat said less than 0.2 though) you'd get a hashrate of 28,637,500 Gh/s (28.64 Ph/s). Each wafer gives around 40 TH/s [url-https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133]according to Jutarul[/url]. If we assume a 30 Ph/s total hashrate then that gives 750 wafers. Some nice round numbers to work with: 750 wafers, 40 Th/s per wafer, 30 Ph/s total hashrate. Given that we know 5,727,500 USD was spent on wafers and assuming the hashrate of those wafers to be 30 Ph/s, the cost per G would be 0.19092 USD/Gh. The price for chips in that batch is 0.49-0.99 USD/Gh depending on the size of the order. That's a total of between 14,700,000 and 29,7000,000 USD in chip sales for the May batch. |
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There will be three modes of orders: Immediate delivery, 2-month delivery and 3-month delivery, with the price getting lower one by one. For 2-month and 3-month delivery, premium + balance payment may be supported to enhance liquidity and enable larger orders.
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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. I have no proof either way. But the last few months have raised enough questions that this needs to be explicitly addressed in a manner that involves official statements by many people not acting under a pseudonym that can be examined by some independent group of people. but that's the american way of dealing business. and i would be shocked if that would happen here. And how exactly is FriedCat meant to prove that he doesn't own some company? Perhaps he'll do that right after you prove that God does not exist. |
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This is really interesting! That would be at least $1.5 million USD profit for AM for everyone of them sold. |
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Don't you think TAT's a scammer for being in bed with NeoBee?
Why do you think he doesn't post on here anymore? All that "insider trading" Havelock mentioned was TAT dumping shares, leaving all other "investors" out to dry. That's why he didn't push any further legal action, he got his BTC out. That's all that mattered to him. "ThickasThieves", a fitting name. Then why should we give a fuck what TAT thinks? Now, if he was just another scamee and not a scammer, then again, why should we listen to his investing advice? Basically, there's no reason to pay any notice to what TAT says. |
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now buy buy buy!
and hodl,
yesterday was a good day for trading, 0.12 bottom.
now 0.24 with potential to 0.3-0.4 in few days
still great profit opportunity
i hope friedcat will launch some immersion cointainers with own pcb design, a lot of money was dumped into those tanks and installations, i am sure that it will be used or sold in next few weeks.
To people who sold their shares at a loss due to panic, you can thank people like this person who spread FUD. finally, fresh perspective
it looks like scam now
and some of you, circlejerks and bagholders think over it again.
no divs, but sales and mining were done
no posting either
"we are all fucked over again", in bfl style (failed gen2, overpromised gen3, no communication and "subject to change")
sad.
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TAT never had a position. He had it because of the Passthrough management and he was forced out of it when Havelock took over. Now his personal opinion is one thing but he definitely doesn't have super secret conspiracy type information to base his opinion on.
Not sure where I led you to believe a conspiracy was involved. Havelock dealings are a black box to me, so I'm uncertain how you came to the conclusion that TAT was "forced out." But no conspiracy beyond the usual opaqueness needs to take place. Don't you think TAT's a scammer for being in bed with NeoBee? |
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I'm not doubting that you've made 600% profit in divs, but calling that "investing" is absurd, as is expecting to repeat that in your lifetime. But do congratulate yourself that you dove into this septic tank and resurfaced with a pearl in your mouth.
I'm fairly certain that AM will pay more than 0.6 BTC in dividends over the lifetime of gen 3 and 4 chips. I don't even know why you bother to try and spread FUD, pretty much everyone on these forums knows you're the biggest troll here and nobody believes a word you say. Now that Matthew is gone, it is smoothie. lets not get too crazy I don't think that's crazy at all and think that AM could pay out that much over the lifetime of gen 3 (estimated at 400-1600 Ph/s), never mind gen 4 as well. |
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If getting over 600% profit in dividends already is getting scammed then feel free to scam me.
Don't be absurd. Every scam must have bait. - AM raised $200,000 in IPO - AM paid out 500% in divs in btc (when btc value went up 5000%) - AM does $4,000,000 usd worth of sales last month - AM now has $9,000,000 in assets Clearly a scam. Clearly!  We're just too long-sighted to see that. |
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I'm not doubting that you've made 600% profit in divs, but calling that "investing" is absurd, as is expecting to repeat that in your lifetime. But do congratulate yourself that you dove into this septic tank and resurfaced with a pearl in your mouth.
I'm fairly certain that AM will pay more than 0.6 BTC in dividends over the lifetime of gen 3 and 4 chips. I don't even know why you bother to try and spread FUD, pretty much everyone on these forums knows you're the biggest troll here and nobody believes a word you say. |
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You still don't get it. You dove, head first, into the septic pit known as Bitcoin securities. Shit brewing everywhere.
How is it you're still surprised by this, when it is so obvious to us mundanes?
700 posts in 3 months and every single one consists of nothing more than "this investment is shit". If you think this is a septic tank why do you spend all your time here? Is your life really that boring? D00d, your investment antics brought draconian regulation to my Bitcoin. Without willing and eager victims like you, scamming would be unprofitable if not impossible. And the lowbrow scams you repeatedly fall for are catnip to the press, making Bitcoin catnip to regulators. I'll keep rubbing your nose in the feces you "invested" in 'til you learn to stop doing it. K? If getting over 600% profit in dividends already is getting scammed then feel free to scam me. |
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Sigh.
You quote a number shown in one measurement. There is no one ASIC
Every ASIC behaves differently, based on it's place on the production curve. On top of that, there is cooling.
We can pick a much better corner ASIC, cool it and do a much better measurement.
Your website claims that the ASIC does 7.5 Gh/s using 0.63V and consumes 0.58 J/Gh. Rockxie claimed that AM's ASIC does 11.52 GH/s using 0.72V and consumes 0.554 J/Gh. Face the facts, your ASIC just isn't as good as AM's. You need to compare apples to apples and this is not the case.
At the end, all that is matter is system efficiency at the wall. It average the ASICs, PSU and DC2DC design (if you use one).
I'll stop posting here now.
AM doesn't sell mining systems though, they sell chips. An apples to apples comparison is therefore an ASIC to ASIC comparison and AM's comes out on top. |
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AM is not the latest crap in bitcoin world.  aaaactually, i beg to differ. AM - 0.554 J/Gh at 11.52 Gh/s. Spondoolies - 0.58 J/Gh at 7.5 Gh/s. Not my thread, but I need to set the record straight. Our ASICs can achieve above 10 GHs. It was just one corner measurement. At the end, it's system efficiency. I saw three examples of systems based on AM3 in the wild, all of them above 1.1 W/GHs. Out system is about 0.85 W/GHs at full power. We've taped out our 2nd gen ASIC, and we'll be below 0.45 W/GHs at the system level in two months. AM3 can't compete on 28nm, since it's "custom design", which means it will take at least 6 months to produce 28nm. Well in time for our 3rd gen. Finally, we can compete on the price as well. That's not setting the record straight at all. How much power did your ASIC consume when running at over 10 GH/s? |
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AM is not the latest crap in bitcoin world. aaaactually, i beg to differ. AM - 0.554 J/Gh at 11.52 Gh/s. Spondoolies - 0.58 J/Gh at 7.5 Gh/s. |
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i have concern that you are being screwed over, that's all.
Is it normal that IPO investment dividends are held onto, AFTER sales have occurred? i'd be very wary if you haven't already seen some dividends, that you will EVER see dividends.
Screwed over by a company that sold shares for 0.1 BTC and has paid out around 0.6 BTC in dividends in the first year? Are your divs reliant on rockminer, hashratio and btcgarden selling their rigs? if that's the case... i'm sorry but you are in for a loooooong wait.
Of course they're not. Why would they be? |
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bitfury rev 2 'Power consumption as low as 0.45J/GH' this was at 55nm process
imagine what this wizard could do on 28nm level
BTW, has the bitfury 2-generation chip been out as the real product ,and 0.45J/g has been tested or not ? I can't find the information. Thank you . In power consumption, Bitfury is nearly 20% better than AM. But when it comes to rated hashrate , bitfury is 3.8g per chip , but the AM is more than 10g per chip, so AM's chip is more cheaper than bitfury's . Did you see those "up to" in the marketing? Rockxie's test was running at at 11.52 Gh/s using 0.72V and consuming 0.554 J/Gh. The recommended voltage range is between 0.55V and 1V. It'll be interesting to see AM's power consumption and hashrates at those voltages. I'm willing to bet that AM's chip consumes less power at 0.55V than BitFury's while still having a greater hashrate than 3.8 Gh/s. |
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bitfury rev 2 'Power consumption as low as 0.45J/GH' this was at 55nm process
imagine what this wizard could do on 28nm level
In other words - 0.45 J/GH when underclocked. |
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