I should know. I paid 4 BTC for AM shares a year or so ago .....
Didn't you lose all your AM shares when your havelock account got hacked, or did I get people mixed up? Yes lost them all. Havelock gave me back 50% |
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I think the situation of bitcoin, AM et al should unfold soon now. It is not sustainable for investors nor for the miners. And Im not going to panic.
You mean you aren't going to sell? Neither am I, but only because my shares are worth peanuts compare with what I paid for them. They just aren't worth selling at current levels. |
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In the current mining climate (declining BTC value, exponentially increasing difficulty, fierce competition) it is hard enough for an ASIC manufacturer to survive, let alone thrive.
I would not expect anything in terms of dividends. Gen2 was vaporware and Gen3 a bit of a dud due to a design mistake that significantly increased power consumption. I think the best we can hope for is for friedcat to roll over any earnings from Gen3 to accelerate and perfect development of Gen4. Shareholders looking for short term gains will be disappointed. In the long run, I think AM is still well positioned to come out on top and worth the risk of holding shares.
I also believe that this is the way to go! The Bitcoin price is just too low at the moment, even ROCKMINER decided to postpone their 2 PH/s mining operation.... AM just doesn't seem to have enough of a margin to spend the income as dividends. I think the best thing to do would be to order massive amounts of gen 4 chips ASAP. That was exactly their policy with gen 3. How did that work out? Bottom line, if they aren't paying dividends, share price will slide and slide. There is no way AM can wipe out the competition because of "lowest cost". Business ain't that simple. Yeah, but gen 3 had two or three big problems: About half as efficient as planned, at least two months to late, focus on selling the chip when the mining market got much too saturated (in combination with higher power consumption of BE200) and wasting 2-3 months on selling the chip before self-mining. In addition we saw a steep decline of the BTC price, which AM couldn't have prevented. That being said, if things worked out better, we'd have had a gen 3 chip almost twice as efficient, self-mining in March/April, and potentially a better price. I do see where at least half of those things wouldn't necessarily be a problem with gen 4! Again, relying on hope ..... AM didn't predict these problems with Gen3 did they? They told us how amazingly power efficient the chips would be. Why do you believe, and that's believe, and not hope, Gen4 will be any different. Not even talking about Gen2 that disappeared without even being made without an explanation. You know the bitcoin price could easily decline from where it is now right? You don't have to believe all the bitcoiners that we are going to $3000 soon. Its a quintessential human quality, hope. People make a lot of money off it  All I'm saying is for every optimistic circumstance there is the opposite. I should know. I paid 4 BTC for AM shares a year or so ago ..... |
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In the current mining climate (declining BTC value, exponentially increasing difficulty, fierce competition) it is hard enough for an ASIC manufacturer to survive, let alone thrive.
I would not expect anything in terms of dividends. Gen2 was vaporware and Gen3 a bit of a dud due to a design mistake that significantly increased power consumption. I think the best we can hope for is for friedcat to roll over any earnings from Gen3 to accelerate and perfect development of Gen4. Shareholders looking for short term gains will be disappointed. In the long run, I think AM is still well positioned to come out on top and worth the risk of holding shares.
I also believe that this is the way to go! The Bitcoin price is just too low at the moment, even ROCKMINER decided to postpone their 2 PH/s mining operation.... AM just doesn't seem to have enough of a margin to spend the income as dividends. I think the best thing to do would be to order massive amounts of gen 4 chips ASAP. That was exactly their policy with gen 3. How did that work out? Bottom line, if they aren't paying dividends, share price will slide and slide. There is no way AM can wipe out the competition because of "lowest cost". Business ain't that simple. |
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In the current mining climate (declining BTC value, exponentially increasing difficulty, fierce competition) it is hard enough for an ASIC manufacturer to survive, let alone thrive.
I would not expect anything in terms of dividends. Gen2 was vaporware and Gen3 a bit of a dud due to a design mistake that significantly increased power consumption. I think the best we can hope for is for friedcat to roll over any earnings from Gen3 to accelerate and perfect development of Gen4. Shareholders looking for short term gains will be disappointed. In the long run, I think AM is still well positioned to come out on top and worth the risk of holding shares.
Just trying to work out how "fail, fail" = "much success in future"?  The fierce competition will not disappear, the BTC price is falling fast, AM will not suddenly do PR properly (PR representative promised 8 months ago?!?), or probably even build an English website, and who knows what Gen4 will be like .... given that past behaviour is the best predictor of future behaviour, my hopes are not high. As a shareholder I wish I was wrong .... I don't actually believe in the concept of long-term investing in AM. Why invest in someone that doesn't run a real company and you have no idea where he lives? We all invested in the first place because of the dividends they were paying out. Hence the share price now being 1/10 to 1/20th of what it once was. No dividends = amazing amount of risk |
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hmmm. So, if I had 1000 BTC sitting on guild. (which I don't)
And I lowered my withdrawl amount to 10 BTC.
It would send me my limit amount every hour until it fell below that amount.
Are you imagining FC is making more than 10 BTC every hour on guild? Nice if it were so ...... |
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Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!
They've bought 4 shares. Hardly earth shattering  now if down to 0.17, there is almost 700 shares on the book!!!!. I personally consider this "thick" Whatever, up is good. But we've been to 0.30 btc and back again all too frequently. be nice if this rise was based on some "facts" |
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Apparently someone on havelock disagree with you guys, Good buying power on havelock, buy buy buy to da mooooon!
They've bought 4 shares. Hardly earth shattering |
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Another 50 or so shares dumped at Havelock. Guess it was the unfulfilled "end of August for divs" suggestion by FC that has pushed more people to sell up. Hard to know at this stage whether these shares are "cheap as chips" or gradually becoming worthless. As ever, only FC has the answer .... least I hope he does |
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 Somebody can't wait for the divs Hopefully not a hacked havelock account like I suffered |
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Wow, I gotta say the price on Havelock really is recovering hard. But I believe it will go back at some point, if only for a bit. But until we actually see dividends, a lot of people will remain only half-in, I guess
At the Salon, didn't FC said he has started mining and will be paying divs regularly? Yup, mining since the middle of July (not full power) and hopes to start paying divs in Aug. Not likely FC would lie about something like that. Expect divs in August then. He only said he hoped he could start paying divs in August. based on that, I certainly wouldn't expect divs in August, an outside hope at best. The days of FC under-promising and over-delivering are well gone. |
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Also, it only appears he has gone back to the self-mining plan because the OEM deals have failed to bring in the buyers. Doesn't sound great to me, more like "last resort".
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What am I missing, other than optimism?
There actually aren't cheaper ready assembled units for sale and FC has stated a 15-20% total network self mine goal. The market is incredibly thin so if you don't already have shares, your only hope is to knock a few straggling weak hands loose. Good luck! edit... link https://bitcointalk.org/index.php?topic=735728.msg8311953#msg8311953FC had that goal about 12 months ago. What happened in the last 12 months. The shit hit the fan unfortunately and we got paid virtually nothing. Best laid plans of mice and men and all that ..... |
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Looks like a nice guy. Think he could afford Lasik though  My only concern is its August already and he's only "hoping to resume dividends in August". Guess it just shows how quickly the bitcoin mining biz moves if a major player can't make profit forecasts for the next 30 days. |
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What was the previous price? |
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price per BE200 chip adjusted to ~0.3 USD
Is that a report from the conference? |
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.... all forgetting that it was over .40 just a little while back in May, before a huge plummet/panic...
Even though a lot of people seem to still want out, I think .40 is still a cheap price, considering most of that will come back in div's... So it's essentially like buying stock in the next Google, for next to free (after accounting for div's...)..
I kind of laugh that in every companies rush to make a .28 chip, they all ran into massive problems with spec's... speed/efficency/etc..and the need for lots of fancy cooling.. No point wasting extra cash to make a 2nd mask and fix the errors.. By the time FC's Gen4 arrives, it'll be damn near perfect, and I won't be able to afford shares..
'Grabbing popcorn and waiting for August'.
FC ran into efficiency problems with his Gen3 .40 chips, and that was after abandoning the earlier attempt at Gen2 ...... so AM aren't immune to chip problems at all. Will Gen4 chips be "damn near perfect"? Love to think so, but recent performance suggests its unlikely. But I'm ever hopeful (delusional?) |
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.. Yup... someone is it in for more than just quick div's, or they would just buy up AM100s... the spread right now is huge..
Friedcat must have some spectacular news... Can't wait for the August Salon...
The market is more or less waiting a few days for the press conference from Friedcat So pretty much a standby to evaluate where to go Hmm although I just noticed it went to 0.35 maybe it was good news. Back down to 0.30 lol I think you are right though. The August 2nd conference will reveal much. The spread is there because people are currently speculating in a near vacuum. Lots of "investors" appear to be manic-depressive in nature though. No news for a few weeks and they get all depressed and sell out for IPO amounts. FC opens his mouth and the price doubles, and we are back to FC for president, and going to dominate the market again. |
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Wow looks like I'm a little late to the party. This might be better than simply mining for myself.
Well its better than paying 4 BTC a share like we were last year, that's for sure |
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How about keeping a bit more cash reserve? Makes me nervous seeing that we were at close to zero with lots of stock. That's how you go broke although you don't need to?
I am in for the long run here. Paying dividends necessarily weakens a company, because they could spent it on expansion, building their own datacenters or anything like that. I'd rather have a high rate of reinvestment, but then I don't have all the information.
The idea is that they are selling the stock as we speak. Selling chips makes a good return. Holding cash doesn't. If AM can't make a profit selling chips we are all f**** anyway. They have always held enough back for reinvestment anyway. |
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