ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitcoin.newsfeed]

About how many shares are on havelock?

Units Outstanding   12256 (AM1) + 3527 (from AM100)

PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.
3. The board is in discussions to create content and designs for an official website.

Boardmembers, share something !

[1715422460]

1715422460

[1715422460]

1715422460

[1715422460]

1715422460

[empoweoqwj]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

I think people selling out now because they are getting a few hundred bucks a share will regret the decision very soon and for a long time to come. I'm sorry, I just don't get it. The only reason I can think people are selling is because they have zero faith AM is going to stage any kind of comeback.

I'm just thankful dividend payments don't depend upon the ever sinking share price 

[shawshankinmate37927]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

I think people selling out now because they are getting a few hundred bucks a share will regret the decision very soon and for a long time to come. I'm sorry, I just don't get it. The only reason I can think people are selling is because they have zero faith AM is going to stage any kind of comeback.

I'm just thankful dividend payments don't depend upon the ever sinking share price 

+1

I just reinvested some dividends today and will be holding tight.  I'm more interested in steady BTC dividend payments in the future than making a few quick bucks today.

[minerpumpkin]

I'm really excited for the next round of dividends on wednesday. In an indicatory kind of way. If they go slightly up, stay the same or even drop further. It'd be interesting to know if the cat is (still) holding back some dividends in order to invest in his next big thing. Or if we can rake in some of the profits from the first cube sales. Any reliable information on how many cubes (chips) they planned on shipping?

[JimiQ84]

I'm really excited for the next round of dividends on wednesday. In an indicatory kind of way. If they go slightly up, stay the same or even drop further. It'd be interesting to know if the cat is (still) holding back some dividends in order to invest in his next big thing. Or if we can rake in some of the profits from the first cube sales. Any reliable information on how many cubes (chips) they planned on shipping?

it looks like cubes are sold out everywhere

[elasticband]

people are selling because they are probably a winner in terms of $$$ right now, for people that just use BTC as a vessle to accumulate more $$$ now is a perfect time to sell shares. I wouldn't worry to much about it.

[dexX7]

it looks like cubes are sold out everywhere

Where they already available everywhere?

[Alphi]

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

the fiat price of bitcoin is irrelivent since all purchases AND dividends are in bitcoin...
the only thing that matters is whether you get a good ROI in BTC.
if not then its a bad investment.

[bitcoin.newsfeed]

I am on the same boat like you guys, very great points above. I am reinvesting dividends all way down 2.7 , 2.5 , 1.7 , 1.0 , 0.56 , 0.57 ... right now my future life is in Friedcat's hands.

I believed in him and in ASICminer so like 6 or 7 months ago I invested 80% from my BTC into ASICminer, fuck fiat, I was never planning cashout BTC into fiat anyway. Dividends was the only way how to steady increase BTC position in long term.

Only true believers in BTC and in Friedcat will stay on the boat after this period, so I am not surprised that your opinions are similar to mine, who else should be on the boat right now if not us?

Btw I don't think that Friedcat was hard working on "bringing AM into another level" , payment system, exchange, great hi-end immersion cooling stuff and container design without strong believe that he'll be able hold significant percentage of the network in near future. Also a lot of groups successfully developed <130nm chip, so this should not be a problem for someone like Friedcat.

[jimmothy]

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

the fiat price of bitcoin is irrelivent since all purchases AND dividends are in bitcoin...
the only thing that matters is whether you get a good ROI in BTC.
if not then its a bad investment.

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

[AMuppInTime]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

[minerpumpkin]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

Do you assume it takes them 2 years to bring the next generation online? Or are we talking about another, future, generation?

[bbxx]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

just dont think about your stock price, keep direct shares on cold wallet end enjoy weekly payment.
dont regret you havent sold, just diversify risk and buy more btc
treat your shares as emergency fund and you will be fine.

[AMuppInTime]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

Do you assume it takes them 2 years to bring the next generation online? Or are we talking about another, future, generation?

This is purely hypothetical: friedcat had been holding up funds for a 2yr staffed lab + 1 batch.
Unless we see hardware sales beyond the cube we might just not see any more divs: it's possible they just work for two years before going back in the mining game, and with no guarantee of success.

What I am getting at is the ROI is not stable, it might drop to zero if they decide to not pay divs (they don't have to, you're technically buying into the company itself)

[jimmothy]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

Do you assume it takes them 2 years to bring the next generation online? Or are we talking about another, future, generation?

This is purely hypothetical: friedcat had been holding up funds for a 2yr staffed lab + 1 batch.
Unless we see hardware sales beyond the cube we might just not see any more divs: it's possible they just work for two years before going back in the mining game, and with no guarantee of success.

What I am getting at is the ROI is not stable, it might drop to zero if they decide to not pay divs (they don't have to, you're technically buying into the company itself)

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

[minerpumpkin]

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

That would be a plan I like to see happening. Do you've got a link to the interview/report??? I think I've missed that, sounds like a good read

[hak8or]

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

Which is a loonnggg time from now, so we can expect (assuming nothing else that gives us BTC and BTC/USD will continue to rise or remain the same) that the share price will continue to drop more and more. While the dividends are awesome, it is unlikely they will remain high based on sales and mining, causing further push for the share price to continue dropping.

[bitcoin.newsfeed]

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

That would be a plan I like to see happening. Do you've got a link to the interview/report??? I think I've missed that, sounds like a good read

Where have you been?  unless you know Chinese ...

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

A brief translation is as below:

1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.

2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.

3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.

[jimmothy]

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

Which is a loonnggg time from now, so we can expect (assuming nothing else that gives us BTC and BTC/USD will continue to rise or remain the same) that the share price will continue to drop more and more. While the dividends are awesome, it is unlikely they will remain high based on sales and mining, causing further push for the share price to continue dropping.

3 months is totally a long time... Short term investors sell now and Ill be sure to sell your shares back in 3 months when next gen is deployed.

[explorer]

  just saw a pic of AM usb units on the local news 
Said btc = 650.  I guess they broadcast from under a rock lol!