ASICMINER: Entering the Future of ASIC Mining by Inventing It

[supert]

in an attempt to get us back on track...

The next gen chips will deploy in the late autumn according to friendlycat.

- will the competition from 28nm chips arrive before or after or ever?
- will the gen 2 chips compete?

(EDIT: thanks vela)

[bitfair]

If I'm not entirely mistaken, the 200 TH/s order was paid for in full already a long time ago (early June?). The fact that FC is withholding dividends to pay for something now must mean another order is on the way.

Since he spoke of reaching 800-1000 TH/s by the end of the year, I will speculate that part of these chips are already in production - which is definitely good news!

[TheSwede75]

Speculation aside, ASICMINER is still a high growth company that pays 10% plus yearly dividends, has a very sound income and is run by people that has time and again proven to be able to reach 80%+ margins on high value electronics while providing niche leading support.

[velacreations]

in an attempt to get us back on track...

The next gen chips will deploy in the late autumn according to friendlycat.

- will the competition from 28nm chips arrive before or after or ever?
- will the gen 2 chips compete?

If he's talking October, it is likely that he will be ahead of a lot of the 28 nm tech that is coming down the pipes.  I seriously question some of the timelines I've seen thrown around out there.  That being said, if gen 2 comes before mid-October, AM will be in the lead.

The true test will be cost, though.  Being the first to release 28 nm tech will not have the same advantages as being the only one currently delivering hardware.  AM will not only need to provide the new tech, but do it at a cost that can beat the rush of chips hitting the market in Oct/Nov.

If I'm not entirely mistaken, the 200 TH/s order was paid for in full already a long time ago (early June?). The fact that FC is withholding dividends to pay for something now must mean another order is on the way.

Since he spoke of reaching 800-1000 TH/s by the end of the year, I will speculate that part of these chips are already in production - which is definitely good news!

yeah, I think 200 TH/s on hand for deployment is more than enough to keep the 10% network percentage through the end of the year.  Of course, if you have more, you can sell and deploy more.

[velacreations]

Speculation aside, ASICMINER is still a high growth company that pays 10% plus yearly dividends, has a very sound income and is run by people that has time and again proven to be able to reach 80%+ margins on high value electronics while providing niche leading support.

+1  and typically 30% plus yearly dividends.

[Rebelution]

in an attempt to get us back on track...

The next gen chips will deploy in the late autumn according to friendlycat.

- will the competition from 28nm chips arrive before or after or ever?
- will the gen 2 chips compete?

If he's talking October, it is likely that he will be ahead of a lot of the 28 nm tech that is coming down the pipes.  I seriously question some of the timelines I've seen thrown around out there.  That being said, if gen 2 comes before mid-October, AM will be in the lead.

The true test will be cost, though.  Being the first to release 28 nm tech will not have the same advantages as being the only one currently delivering hardware.  AM will not only need to provide the new tech, but do it at a cost that can beat the rush of chips hitting the market in Oct/Nov.

If I'm not entirely mistaken, the 200 TH/s order was paid for in full already a long time ago (early June?). The fact that FC is withholding dividends to pay for something now must mean another order is on the way.

Since he spoke of reaching 800-1000 TH/s by the end of the year, I will speculate that part of these chips are already in production - which is definitely good news!

yeah, I think 200 TH/s on hand for deployment is more than enough to keep the 10% network percentage through the end of the year.  Of course, if you have more, you can sell and deploy more.

Do we know that AM's second gen will be 28 nm?

[redbeans2012]

Sold my shares a couple months ago, decided to get back in today.  Friedcat is a smart fellow..

[velacreations]

For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

I think this is a great development.  Personally, I would love to see what hardware revenue is just as easily as we see mining revenue right now.  Hopefully, they'll also do one for franchising revenue, too.

[TheSwede75]

Sold my shares a couple months ago, decided to get back in today.  Friedcat is a smart fellow..

I think a lot of people that are panicking are forgetting that ASICMINER is pretty much the only company to date to have an actual solid history of under promising and over performing. Is the valuation high? Of course. But I also believe that investors SHOULD pay a premium for track record. I am of course very bullish when it comes to Labcoin, but I also realize that uncertainty comes at a discount and proven ability at a premium, it's really not strange.

How many people invest in Berkshire Hathaway based on their portfolio stricture vs. the proven track record of Warren Buffet?

[bitman442]

ANYONE concerned with how much money the company is PAYING in dividends is not thinking properly.

The amount the company PAYS in dividends is irrelevant to the value of the company. The relevant values are how much the company EARNS, and how the company is run/reinvests in itself.

(Unless you don't trust Friedcat, in which case you should not be investing at all).

Earnings aren't much lower than normal. All of us should be hoping that Friedcat will reinvest the lion's share of the capital in getting to the better chips faster. Because that is how the company will thrive long term. Dividends are just a perk and a distraction for any serious long term investor.

Exactly. I think most shareholders are more than willing to sacrifice part of their divs for R&D, but we kneed to know when it's happening or people just start assuming that a low div. equals Asicminer going down in flames. On the bright side though, it gives us a chance to buy up some cheap shares!

[nubbins]

Why are you acting so rudely towards him? If you think his arguments are weak, refute them.
Calling him names only makes everyone else feel you're not comfortable in your position and perhaps don't really have an argument.

+1! Let's discuss the situation like grown-ups!

Or, y'know, just call each other delusional trolls. Totally worth reading

[Rannasha]

ANYONE concerned with how much money the company is PAYING in dividends is not thinking properly.

The amount the company PAYS in dividends is irrelevant to the value of the company. The relevant values are how much the company EARNS, and how the company is run/reinvests in itself.

(Unless you don't trust Friedcat, in which case you should not be investing at all).

Earnings aren't much lower than normal. All of us should be hoping that Friedcat will reinvest the lion's share of the capital in getting to the better chips faster. Because that is how the company will thrive long term. Dividends are just a perk and a distraction for any serious long term investor.

Exactly. I think most shareholders are more than willing to sacrifice part of their divs for R&D, but we kneed to know when it's happening or people just start assuming that a low div. equals Asicminer going down in flames. On the bright side though, it gives us a chance to buy up some cheap shares!

I think this is an issue with weekly dividends. Using part of the revenue for R&D costs or some non-recurring expense is immediately reflected in the dividends. Non-BTC companies often pay dividends yearly, or even less frequently. But with the volatility of the BTC market, anything less frequent than weekly dividends seems to be frowned upon. And while frequent dividends are demanded by most, many don't seem to accept the consequence of high variation in dividends that comes with it.

If you want your dividends to be constant and/or predictable, buy some bonds or mining contracts, rather than actual stocks.

[SilentSonicBoom]

Friedcat has honored the .1, both through his resellers and direct.

I know this because I have received block eruptors for .1 from both his resellers and direct.

Was it fully or partially honored?

Last time I checked only 30% of previous purchases were eligible to the promo due to limited inventory.

What is questionned here is the remaining 70%

When did you hear this?  And where?

2 weeks ago from SilentSonicBoom in PMs sent to his customers to communicate the promo details. He said 30% limit was from friedcat and if it was lifted he would update us.

I will ping him to check since, I see at least 2 resellers that are honoring 100%.

I would be a little suspicious of "SilentSonicBoom".  If he indeed got that 30% limit directly from Friedcat, then all the other resellers would be in the same boat.   Sounds like bullshit to me.. and a very easy way to keep cheaper units for himself

Just seen this post and had to reply. My 30% promo was handled for my customers. They come from friedcat, I pay the same 0.10 btc to receive them as those that get them pay, and I ship them out. Have a nice day.

[Panterino]

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.

[VeeMiner]

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.

I got the same feeling, I'm actually really glad that friedcat is putting significant amount of bitcoins on the side for reinvestment

[binaryFate]

The update from Friedcat is great. It shows we will be relevant in the future, nothing could be better for the stock.

I got the same feeling, I'm actually really glad that friedcat is putting significant amount of bitcoins on the side for reinvestment

Same here.
It's not like incomes are actually lower. They are just deviated, instead of going into our immediate pockets, they are used for further developments. That means we will get the "missing" amount multiplied by something greater than 1 at one point anyway, if FC and co are doing well, and so far they had. Looks positive to me too, my pockets can wait and get more. I guess the majority of long-term investors are happy or just don't care with the current price decrease/discussion. Speculators on the other hand can be very affected as they are short-sighted on share price.

[conv3rsion]

At the end of the day, AM is the best at what it does in the industry. They have the best (and in many cases) only real track record.

Selling because of a single low weekly dividend is shortsighted, to say the least. Especially when even with including the recent dividend, AM is still on track to pay out 40+% APR per 30 day, 60 day, and 90 day histories.

But hey, do what you want. I'd rather invest in a company with a record instead of a company that just has a promise.

[fumble]

^^ that's some seriously tasteless shit right there. Hope you lost some money tonight.

Apprently the Chinese find them tastefull.  Although fried dog is easier to find on the menu than fried cat.

[binaryFate]

I'd rather invest in a company with a record instead of a company that just has a promise.

This point will become more obvious to many once some of the "newcommers" just crash spectacularly. Adding their planned percentage of the hashrate, you reach 200%.  There will necessarily be some of them left on the road.

[Lauda]

Newcommers ugh..