ASICMINER: Entering the Future of ASIC Mining by Inventing It

[stefffe]

0.6 today....ehehehe, invest or sell? :OOOO

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[BitThink]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

Don't know if http://erpao.info is official, but it still reports 47 TH/s (in solo mining).

It is the unofficial but accurate record.

It seems the hash rate in the new data center, which should increase 3-5TH daily according to friedcat, is not included in this stat yet?

[BitThink]

0.6 today....ehehehe, invest or sell? :OOOO

Now the liquidity is gone, so the value of share mainly depends on the dividend now. Assume the 500TH (and potentially another batch of 500TH if friedcat hasn't changed the plan announced long ago) are sold well in the rest of this year, we may see consistent dividend around 0.005 per week. That's around 0.06 this year.

For the first 3 months of 2014, if the Gen2 chips finally comes out (maybe a successful collaboration with other Gen-2 teams in China, as mentioned in last update) and brings the same profit as the Gen1. That's another 0.06.

Then it all depends on the chips currently under design. If we are so lucky that the chips are superb and mass produced on April 2014 and the profit can be similar to current Gen 1 (very optimistic assumption ), then we have another 0.06 by the end of June 2014.

Currently we are totally clueless about the second half of 2014. Maybe AM has already successfully transferred to non-mining company, or maybe the network hash rate stops exponential increasing. Let's trust Friedcat can fulfill his plan to maintain a single-digit profit in 2014, and we can have 0.005 dividend until the end of 2014. That's another 0.12.

Ok, let's stop here before the guess becomes totally groundless. If AM delivers everything they promised in time, we may have 0.3 BTC back at the end of 2014. If the share price that time is still above 0.3 BTC, we are good. Otherwise, better to sell now.

Anyway, at least there's not much upside in my opinion with the current price.

[VeeMiner]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

[BitThink]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

Believe me or not, the liquidity is gone. It is less possible to see the price fluctuate a lot on good/bad news any more. The value of direct shares now has to be based on dividend. We can count how much dividend we get now when AM had the largest advantage. It's not likely next year will be better.

[soundasleep]

We've added a new feature to CryptFolio (thread) that lets you value private shares - such as ASICMINER - according to a public security exchange.

For example, if you own 10 ASICMINER shares privately, you can track the value of 10 ASICMINER shares if they were in Havelock Investments under AM1, or any of the other passthroughs. This way you don't have to actively have a security in an exchange to value it.

[VeeMiner]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

Believe me or not, the liquidity is gone. It is less possible to see the price fluctuate a lot on good/bad news any more. The value of direct shares now has to be based on dividend. We can count how much dividend we get now when AM had the largest advantage. It's not likely next year will be better.

what are you talking about? there are hundreds buy orders only on Havelock. I can hardly imagine that the price would drop to 0.5 or lower because of several perks that asicminer has:

- smart, trustworthy and able management
- cheap workforce and "invincible" price on chips and boards
- cheap electricity in China
- good amount of assets for reinvestment

of course the competition is stronger than ever and that has obviously shown on the actual share price, however I believe that AM will have a strong position to compete against anyone (especially because nobody can create cheaper hardware than chinese)

[BitThink]

0.6 today....ehehehe, invest or sell? :OOOO

buy of course, just wait what will happen when we get the 500 Thash of blades and when the gen 2 is out... the shares are at bargain price now

Believe me or not, the liquidity is gone. It is less possible to see the price fluctuate a lot on good/bad news any more. The value of direct shares now has to be based on dividend. We can count how much dividend we get now when AM had the largest advantage. It's not likely next year will be better.

what are you talking about? there are hundreds buy orders only on Havelock. I can hardly imagine that the price would drop to 0.5 or lower because of several perks that asicminer has:

- smart, trustworthy and able management
- cheap workforce and "invincible" price on chips and boards
- cheap electricity in China
- good amount of assets for reinvestment

of course the competition is stronger than ever and that has obviously shown on the actual share price, however I believe that AM will have a strong position to compete against anyone (especially because nobody can create cheaper hardware than chinese)

Yes, all these advantages can support AM to survive for 1 year or 2 years, but nothing will help AM to provide similar dividend as this year. Even friedcat said his objective is single digit profit as traditional industry in 2014. I am not saying AM price will go to 0, I am just saying there's nothing in friedcat's update can support us to expect any upside with current price.

As for the liquidity, you can easily compare the volume before and after closing of BTCT. Now it's the winter in BTC stock world and all the bubbles are popped. It takes a long time for the recovery, let alone the next bubble.

[Lohoris]

Havelock isn't accepting new securities.

This means that they are considering if they can continue to operate as they are, of will they too forced to introduce restrictions or close down.

I'm glad I chose to wait for my shares to be converted to direct.
Of course not as much as I would if I just sold them high instead.

[Lohoris]

On the other hand, did any other bitcoin asic company consider broadening their scope, like AM revealed in their last update?

[Puppet]

On the other hand, did any other bitcoin asic company consider broadening their scope, like AM revealed in their last update?

bitcoin asics is a once in a lifetime opportunity. being able to develop a chip so simple it takes only a few engineers a few weeks to design and selling tens of millions of dollars worth of them at 10x or 100x intels margins, I've never seen that before  and don't expect I will  ever see it again.

[romerun]

At this point we just have to wait for a decentralize exchange project to mature and friedcat moves all the shares to it.

[wtfvanity]

That doesn't sound nice. Investors want golden showers!

ewwww

[canth]

Network hashrate has risen to 2300TH.Who's driving this boom？Bitfury,KNC or, the 500TH of AM?

KNC has shipped at least 700 devices with over 1000 left to go. Presuming 75% of these are 500GH units, that's 350 TH alone. Sure, there are gripes about some instability, fires and whatnot, but my devices are for the most part running well (now).

[runeks]

Looking to borrow 100 ASICMiner shares for no more than 6 months at 50% yearly interest.

I am looking for someone to borrow 100 ASICMiner shares from. Either direct shares or shares on Havelock. I really want to borrow them from a single person, if possible.

I will be paying 50% annualized interest every week on the total value of the shares at the purchase date, according to Havelock. Interest will be paid once every week to an address of your choosing.

Example: Right now, AM1 is around BTC0.655 on Havelock. 100 shares are thus worth BTC65.5. If I were to borrow the 100 shares today, I would pay 0.7806355% of this amount every week, until I pay back the shares. At current prices (BTC0.655 per share) this is 0.005113163 per share per week. I may choose to pay you back the shares at any time within the 6 month period.

So in other words, if you are planning on holding ASICMiner shares for at least 6 months, and you think dividends will go below BTC0.005 per share, this is a chance to lock in the dividend payment of your share.

On the date of purchase, I will deposit the total market price of the 100 shares (currently BTC65.5) into an address that will act as collateral for the purchase. I have contacted John K., requesting him to act as a dispute mediator, and holder of one of the keys that will release the coins in this 2-of-3 multi-signature address (the two other keys being yours and mine). This address is the proof that I can fulfill my obligation, and its balance must never fall below 100% of the market price of the total number of shares.

Due to the volatility of of the share price, I have a period of one week to deposit the appropriate amount to the address, to cover at least 100% of the market price of the 100 shares. If I fail to do this, you will have the right to issue three warnings (a warning constitutes sending me a PM notifying me that I have failed to post sufficient collateral), spaced no less than 24 hours apart. If after these three warnings I fail to deposit the sufficient amount of funds to the collateral address, John K. will send entire balance of the address to an address of your choice. Of course, I have no incentive to let this happen, but it is an insurance that you will not suffer a loss from entering into this contract.

Please contact me via PM if you are interested. As I said, I am waiting for an answer from John K. regarding the escrow service (I just sent the request 10 minutes ago). So this contract depends on his willingness to act as a dispute mediator.

[neilol]

Looking to borrow 100 ASICMiner shares for no more than 6 months at 50% yearly interest.

I am looking for someone to borrow 100 ASICMiner shares from. Either direct shares or shares on Havelock. I really want to borrow them from a single person, if possible.

I will be paying 50% annualized interest every week on the total value of the shares at the purchase date, according to Havelock. Interest will be paid once every week to an address of your choosing.

Example: Right now, AM1 is around BTC0.655 on Havelock. 100 shares are thus worth BTC65.5. If I were to borrow the 100 shares today, I would pay 0.7806355% of this amount every week, until I pay back the shares. At current prices (BTC0.655 per share) this is 0.005113163 per share per week. I may choose to pay you back the shares at any time within the 6 month period.

So in other words, if you are planning on holding ASICMiner shares for at least 6 months, and you think dividends will go below BTC0.005 per share, this is a chance to lock in the dividend payment of your share.

On the date of purchase, I will deposit the total market price of the 100 shares (currently BTC65.5) into an address that will act as collateral for the purchase. I have contacted John K., requesting him to act as a dispute mediator, and holder of one of the keys that will release the coins in this 2-of-3 multi-signature address (the two other keys being yours and mine). This address is the proof that I can fulfill my obligation, and its balance must never fall below 100% of the market price of the total number of shares.

Due to the volatility of of the share price, I have a period of one week to deposit the appropriate amount to the address, to cover at least 100% of the market price of the 100 shares. If I fail to do this, you will have the right to issue three warnings (a warning constitutes sending me a PM notifying me that I have failed to post sufficient collateral), spaced no less than 24 hours apart. If after these three warnings I fail to deposit the sufficient amount of funds to the collateral address, John K. will send entire balance of the address to an address of your choice. Of course, I have no incentive to let this happen, but it is an insurance that you will not suffer a loss from entering into this contract.

Please contact me via PM if you are interested. As I said, I am waiting for an answer from John K. regarding the escrow service (I just sent the request 10 minutes ago). So this contract depends on his willingness to act as a dispute mediator.

Pretty bearish 0.o. Why not try to get someone to write puts?

[runeks]

Pretty bearish 0.o. Why not try to get someone to write puts?

Cause they'd have to reserve the full value of the put options as collateral for me to agree to that (just as I'm doing myself with this contract), and people generally don't want to do that. Also, this earns a dividend similar to holding the AM stock, so it's exactly equivalent to holding AM long term, and locking in the dividend for the duration of the loan.

[chriswilmer]

Pretty bearish 0.o. Why not try to get someone to write puts?

Cause they'd have to reserve the full value of the put options as collateral for me to agree to that (just as I'm doing myself with this contract), and people generally don't want to do that. Also, this earns a dividend similar to holding the AM stock, so it's exactly equivalent to holding AM long term, and locking in the dividend for the duration of the loan.

Is it bearish? I guess I'm not understanding. I thought Runeks was basically conveying that he's a bull at these prices, and he thinks the dividends will be higher than the person on the other end of the deal. No?

[bitcoin.newsfeed]

I haven't seen "Friedcat for president" picture for a while.

What happened with ASICminer? Sorry guys... with so long head start, it seems only for me as a massive failure? Or .... ?

What happened with all those thousands and thousands of BTCs which were mined when ASICminer had 20% of network? And company is only now collecting funds for R&D ? What they did last 4months?

ASICminer is not increasing hashrate for longer than 4 months? Instead of it AM is signing private deals with "china-mining-mafia-friends" about which we do not have a clue... "franchising"?

What about promise to hold minimum 10% of the network? What is happening is not a momentary thing, we are weeks and weeks under 10%. Hashrate isnt/cant be(why?) increasing. Share price fell from 2.5 to 0.7 and many of new investors who believe in ASICminer and Friedcat lost tens of thousands of dollars.

At least we have updates now. Although many times it's hard to tell what Friedcat really wanted to communicate and the meaning of updates is not explained.

I know, I have a lot of questions, but i am really concerned about all of this.

[supert]

Pretty bearish 0.o. Why not try to get someone to write puts?

Cause they'd have to reserve the full value of the put options as collateral for me to agree to that (just as I'm doing myself with this contract), and people generally don't want to do that. Also, this earns a dividend similar to holding the AM stock, so it's exactly equivalent to holding AM long term, and locking in the dividend for the duration of the loan.

Is it bearish? I guess I'm not understanding. I thought Runeks was basically conveying that he's a bull at these prices, and he thinks the dividends will be higher than the person on the other end of the deal. No?

Yes, it's a div swap / cash n carry.