ASICMINER Speculation Thread

[binaryFate]

Making money is a miracle. When someone is making money, that means others are losing money.

This is just so plain wrong for bitcoin mining.

[herzmeister]

Fiat money is a inflation money. The total amount of money(the flow of money to be specific) increases each year, that's where the profit comes from. While BTC is a deflation money

Last time I checked, BTC is currently inflating by 25 new bitcoins roughly every 10 minutes.

[ShawnP]

0.0048?  
Way worse than I expected.

[Rival]

Actually, one should study basic economics. One source of profit is the concept of adding value. A kernel of corn has marginal value. Within a few years it can become a whole field of corn. Value can be created, and so can profits.

[velacreations]

I am not going to argue with anyone.

good, because you are ignoring significant product for sale in the short term. 

The math has been done several times in both threads, and even at significantly reduced margins, the profit/dividend is significant for the next 2 months.

[tinus42]

Update by Friedcat in the other thread (page 701 on the bottom):

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

http://bitcointalk.org/index.php?topic=99497.msg3307606#msg3307606

[Rival]

Moving forward to over 100 Th/s over the next few weeks. Sounds good to me.

[huhai0978]

I am not going to argue with anyone.

good, because you are ignoring significant product for sale in the short term. 

The math has been done several times in both threads, and even at significantly reduced margins, the profit/dividend is significant for the next 2 months.

I know you are referring to the 500T. Those 500T is worth only 30K BTC if they are deployed in Oct, and 20K is in Nov. It's just a portion of the 0.2B/share. Don't put too much hope on this one.

[tinus42]

I am not going to argue with anyone.

good, because you are ignoring significant product for sale in the short term. 

The math has been done several times in both threads, and even at significantly reduced margins, the profit/dividend is significant for the next 2 months.

I know you are referring to the 500T. Those 500T is worth only 30K BTC if they are deployed in Oct, and 20K is in Nov. It's just a portion of the 0.2B/share. Don't put too much hope on this one.

Are you the next Vycid? Do you have short positions on AM?

[velacreations]

I know you are referring to the 500T. Those 500T is worth only 30K BTC if they are deployed in Oct, and 20K is in Nov. It's just a portion of the 0.2B/share. Don't put too much hope on this one.

they are worth at least 50K-100K btc sold in Oct-Nov (that's at significantly reduced margins). That's .125-.25 btc a share right there.

The fact remains that this hardware will increase the dividends for several weeks.

[velacreations]

Are you the next Vycid?

No, Vycid can at least do math.

[huhai0978]

I am not going to argue with anyone.

good, because you are ignoring significant product for sale in the short term. 

The math has been done several times in both threads, and even at significantly reduced margins, the profit/dividend is significant for the next 2 months.

I know you are referring to the 500T. Those 500T is worth only 30K BTC if they are deployed in Oct, and 20K is in Nov. It's just a portion of the 0.2B/share. Don't put too much hope on this one.

Are you the next Vycid? Do you have short positions on AM?

I have no idea who Vycid is.
Can you tell me where I can buy short positon on AM? love to know.

[ishkur]

Good time to scoop up shares I take it

[velacreations]

Good time to scoop up shares I take it

if you're in the US, I recommend buying direct shares.

[pastfarian]

Friedcat said the profit margin would be one digit next year. It's friedcat saying it, not me.

I think the majority of people have misinterpreted this comment, if you read it more clearly it has the opposite connotation, AM is preparing itself so that Gen2 will be competitive even if the ASIC manufacturing industry is faced with single digit % profits. do you see the difference? They will produce Gen2 at a low enough cost that they can chase the margin down to single digits to squeeze the competition. I think the interpretation that GEN2 will be produced and out of the gate only see single digit % profits... i find it laughable that anybody could have made this assumption. my 2 cents.

[supert]

Friedcat said the profit margin would be one digit next year. It's friedcat saying it, not me.

I think the majority of people have misinterpreted this comment, if you read it more clearly it has the opposite connotation, AM is preparing itself so that Gen2 will be competitive even if the ASIC manufacturing industry is faced with single digit % profits. do you see the difference? They will produce Gen2 at a low enough cost that they can chase the margin down to single digits to squeeze the competition. I think the interpretation that GEN2 will be produced and out of the gate only see single digit % profits... i find it laughable that anybody could have made this assumption. my 2 cents.

In a mature industry margins are squeezed to zero. The only exceptions are brands, which command a premium. ASICs are becoming commodity hardware and over the whole industry, at the margin, the margins will be driven to zero. In this sense the bears are right.

Asicminer has both early mover advantage, which is short term, and the advantage of having personal relationships with manufacturers in Shenzen to produce hardware at cost. The latter is 'invincible' and it is this you are investing in when buying shares in Asicminer as a mining company. In addition, friedcat has proven adaptable and an astute strategist. There is also a hope therefore he can create new value opportunities as a businessman.

Others' advantages could be hosting costs/power. The franchising model hopefully can marry this with friedcat's manufacturing advantage.

[talnted]

Dividends coming today?

[glendall]

Dividends coming today?

Yes, just like every other Wednesday.  I don't think Asicminer ever missed one.

[weaknesswaran]

0.00486048

[ishkur]

Good time to scoop up shares I take it

if you're in the US, I recommend buying direct shares.

I can always buy on havelock and withdraw cant I?