“
For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.” – friedcat
Q1 Financial ReportASICMiner has paid out a total of 67,515.09 BTC since first IPO payout on Feb 28th. Listed below are the weekly dividend payouts:
02/28 (IPO) 0.023544
03/06 (IPO) 0.019163
03/13 (IPO) 0.023786
03/20 (IPO) 0.025998
03/24 (IPO) 0.007508
03/27 0.003775
04/03 0.002556
04/10 0.006956
04/17 0.006967
04/24 0.007731
05/01 0.007354
05/08 0.011085
05/15 0.036222
05/22 0.020842
05/29 0.026538
ASICMiner’s revenue has originated from both mining and hardware sales.
• Mining income has generated 57,338.24 BTC since the farm has come online.
• Hardware sales (from the first three auctions, then Blade & USB sales) came up with the remaining 10,176.85 BTC thus far.
[Edit: Numbers originate from BTC mined and profit from hardware sales paid]
Part of dividend payments from the week of April 3rd and 10th were reserved for the 200 TH/s mask, 100 wafers, and 50 TH/s batch components.
ASICMiner Share Info/ValueOf the 400k shares, approximately 10% (or 40k) shares are currently on passthrus (burnside, DeaDTerra, & TAT). Total dividends paid is currently .23/share. Prices currently average 2.5 BTC a share, roughly yielding 45-55% APY with the most recent dividend of 0.026. For those that bought sub 1 BTC, looking at an ROI of 1 year (assuming constant dividend payout). Those who bought at IPO (0.1/share) are feeling pretty damn good about themselves right now.
ASICMiner Hash RateFeb 28th – Apr 25th: 6-7 TH/s
Apr 26th – May 4th: 8-16 TH/s
May 5th – May 9th: 17-20 TH/s
May 10th – May 29th: 19-20 TH/s
May 29th – Present: 22-25 TH/s
[Courtesy of SmiGueL’s tables and graphs]
Projected Key Marks:
50 TH/s in the coming weeks
262 TH/s in the coming months
As the hashrate comes online, this will help keep our weekly payouts at a steady rate against the shipping of Avalon’s Batch 2 (and soon to be Batch 3 & BFL’s hardware).
Upcoming CompetitionWith other startups like:
• BitFury & 100 TH/s
• BTC Garden
• AMC
• DIY Manufacturers/Kits (w/ Avalon chips)
• Others not mentioned
ASICMiner is in the prime position as industry leader and can remain in first place, so long as friedcat and the other board members take the necessary, calculated steps to keep it that way. While these startups still appear to be very unproven (and everyone has their own opinions about them), some have started to make noticeable steps (Bitfury’s 65nm).
Hardware SalesWith Avalon and BFL coming soon
TM, investors are starting to wonder if prices will start dropping on current hardware. Bitfountain must now consider (as I’m sure they are) what is the appropriate price point to maximize both profit margin and sales volume. DIY kits will start making their way to folks, providing cheaper alternatives for the mining community.
Looking ForwardFriedcat has already mentioned of 2nd generation chip, which appears to have a higher hash rate with lower power consumption. Their implementation into the next generation Block Eruptor Blades and USB will help secure the ASICMiner’s advantage as the ASIC generation matures. As to when it moves from prototype phase to production phase, is anyone’s guess. Until someone else can provide a more compelling product, ASICMiner appears to be “head and shoulders above” the other mining companies.
DISCLAIMER: I own ASICMiner Shares.
Note: I have little to no background in finances (Biochem here) so any feedback and constructive criticism is always welcome. If there are numbers that are incorrect, please PM me. The remarks and points made are solely my own, and not BitFountain/ASICMiner. If you think I should continue these on a 3 month basis, let me know.
Sources:https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPostshttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24ihttps://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF?sort=1https://bitfunder.com/asset/G.ASICMINER-PThttps://bitfunder.com/asset/TAT.ASICMINERhttps://btct.co/security/ASICMINER-PThttps://btct.co/security/TAT.ASICMINER