ASICMINER: Entering the Future of ASIC Mining by Inventing It

[muyuu]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

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[hammurabi]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

-1

[JimiQ84]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

they analysed it and concluded it is not viable as of right now (litecoin is too cheap)

[Puppet]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

AFAIK, they looked in to the possibility, perhaps did some work on it, but decided it wasnt worth it. Too difficult/expensive

[dexX7]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

It was mentioned in the 24 September 2013 statement:

LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.

[finlof]

I read somewhere that ASICMiner is working in a scrypt miner, but no word from the source. Is that true?

It was mentioned in the 24 September 2013 statement:

LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.

well you have some companies working on/producing them - http://www.coindesk.com/scrypt-miners-cryptocurrency-arms-race/

[ThickAsThieves]

TAT.ASICMINER Bitfunder Migration Grace Period

In light of Bitfunder's recent announcements, we are enabling each Bitfunder shareholder ONE free migration to HavelockInvestments.com.

The following limitations apply:
1. You must initiate this migration request before November 15, 2013.
2. Due to a massive amount of requests, your migration might take anywhere from 1-14 days to process.*
3. After Nov. 15th, we may offer a fee-based transfer service, or discontinue the service.
4. We can make no guarantees that Bitfunder or Havelock will not impose additional limitations on trading in the future.

 How to Transfer Shares:
 1. Make the subject of your email: TAT.AM BF
 2. Push the amount of shares to the issuer account on Bitfunder: TATInvestments by using the Transfer feature while logged in to bitfunder.com
 3. Send an e-mail to tat.investments@gmail.com from your account email address registered with HavelockInvestments.com and include the following info:
   - Bitfunder account name (not email)
  - Bitfunder public wallet address
  - Quantity of shares
  - Havelock registered email address

Do NOT send your request more than once, and do NOT include other requests, questions or comments.

* Transfers will be transferred in batches, and confirmations will ONLY be sent after each batch. Do NOT send emails requesting updates.

NOTE: TAT Investments is not responsible for any lost value, arbitrage, or trading opportunities due to delays in processing transfer requests. TAT Investments is not responsible for any limitations or discontinuations of services or access to liquidity imposed by the host exchanges.

[finlof]

dividends incoming...

edit - 0.00374772

[ninjarobot]

And the downward trend continues, both in dividends and share prices.

Looks like AM is trying to pivot. Moving away from mining and towards peripherals (hubs, cooling solutions) and services (exchange, payment). Let's hope it works out and AM is keeping their eyes on the prize without spreading themselves too thin trying to cover too many things outside their core competency.

[conv3rsion]

I sure hope we find out what is the situation with the 500 TH that was supposed to be deployed in Sept / Oct.

Successfully deploying that equipment would yield 15-20% of the network.

[conv3rsion]

dividends incoming...

edit - 0.00374772

thats roughly 1500 btc for the week.

ouch.

[VolanicEruptor]

I sure hope we find out what is the situation with the 500 TH that was supposed to be deployed in Sept / Oct.

Successfully deploying that equipment would yield 15-20% of the network.

Im getting pretty pissed.  Is AM labcoining us?

[Rival]

Im getting pretty pissed.  Is AM labcoining us?

I forgive your sacrilege.

[hlynur]

dividends incoming...

edit - 0.00374772

thats roughly 1500 btc for the week.

ouch.

well, btc value had more than 30% increase within a week.

https://www.youtube.com/watch?v=L2Wx230gYJw

 

[Franktank]

Im getting pretty pissed.  Is AM labcoining us?

This is an ignorant statement, AM has paid about 0.6/share. While these dividends are can be considered as disappointing, they have handsomely rewarded their IPO investors (the same cannot be said for Labcoin). If you bought when the market priced the shares at a high price, that is your own fault (and poor market analysis) and not Bitfountain's.

Bitcoin is rallying and competition is here. If you don't believe the reinvested funds will be used properly, sell your shares.

[Kosmatos]

Im getting pretty pissed.  Is AM labcoining us?

This is an ignorant statement, AM has paid about 0.6/share. While these dividends are can be considered as disappointing, they have handsomely rewarded their IPO investors (the same cannot be said for Labcoin). If you bought when the market priced the shares at a high price, that is your own fault (and poor market analysis) and not Bitfountain's.

Bitcoin is rallying and competition is here. If you don't believe the reinvested funds will be used properly, sell your shares.

I'm a late investor bought a bunch at 2.0 and 1.0/share. But I have to wholeheartedly agree with the above response.

[SebastianJu]

I wonder how friedcat is feeling... it surely isnt a happy time for him. Its his income too and i wonder whats the matter with the 500TH. Were it bad decisions or bad luck.

[bitcoin.newsfeed]

I leave it here :

The business plan is unchanged. The network hashrate increase was still under our projection.
The total hash target originally set for the end of this year would probably achieved earlier.

We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).

ASICMINER intends to grow the franshising program at a faster pace in October, so please participate in this process if you are capable of hosting blades and looking to mitigate some of your risks in buying hardware.

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

Friedcat has last week till promised deadline.

[dexX7]

Maybe all this already happens under the hood? I mean, there are groupbuys for AM hardware, with lower prices of 1.1 BTC per blade etc...

Also the immersion cooling video should come "end of this month". I hope and expect it on the 27th.

And I also hope and expect AM gen 2 to be more efficient than the current KnCMiner and BitFury gear.

[conv3rsion]

dividends incoming...

edit - 0.00374772

thats roughly 1500 btc for the week.

ouch.

well, btc value had more than 30% increase within a week.

https://www.youtube.com/watch?v=L2Wx230gYJw

 

why does that matter? AM shares are bought in BTC. If anything, a rise in BTC / FIAT should result in an INCREASE in paid BTC because fixed fiat costs are lower.