ASICMINER: Entering the Future of ASIC Mining by Inventing It

[empoweoqwj]

One thing I do think though is I always presumed this current share prize "boom" was based on some inside info about the tapeout. Seemed rational to me....

If that isn't the case, and it was simply people seeing the 20th January date looming nearer and pour money back into AM, then I can only conclude:

a) Some people are real dumbasses, and
b) If FC doesn't issue a statement before Friday, the share price will be back to 0.50 or lower without a problem by the weekend

[blo8i]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

[empoweoqwj]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

History tells us yes, AM info leaks out via "webgirls" and resellers before it reaches this "official" forum.

[blo8i]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

History tells us yes, AM info leaks out via "webgirls" and resellers before it reaches this "official" forum.

dam i guess i have to keep an eye out, on more than just posts from FC

[empoweoqwj]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

History tells us yes, AM info leaks out via "webgirls" and resellers before it reaches this "official" forum.

dam i guess i have to keep an eye out, on more than just posts from FC

The thing is you have to know to where to look, and reading Mandarin is a definite bonus as well. No wonder we all feel so "left behind" - in the end, we just tend to get the info 2nd-hand from Chinese forum members here kind enough to pass the info on. ASICMINER said they would employ a "PR person" .... at least 3 months ago. So far, zippo.

[jimmothy]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

History tells us yes, AM info leaks out via "webgirls" and resellers before it reaches this "official" forum.

dam i guess i have to keep an eye out, on more than just posts from FC

The thing is you have to know to where to look, and reading Mandarin is a definite bonus as well. No wonder we all feel so "left behind" - in the end, we just tend to get the info 2nd-hand from Chinese forum members here kind enough to pass the info on. ASICMINER said they would employ a "PR person" .... at least 3 months ago. So far, zippo.

I disagree with the assumption of insider trading. Many times before updates we have seen a sudden price increase even when the news is not spectacular. For example last update we saw the price jump and after the update fall back down and people claimed insider trading then too.

[Lohoris]

I'm sure FC is more interested in making millions that taking 7 days off.

I'm sorry, but this post is a bit... silly.

Of course the CEO wants to make more money... but unless every single employee is a shareholder, of course they are going to take a vacation, given the chance!

[empoweoqwj]

I'm sure FC is more interested in making millions that taking 7 days off.

I'm sorry, but this post is a bit... silly.

Of course the CEO wants to make more money... but unless every single employee is a shareholder, of course they are going to take a vacation, given the chance!

We know the number of "core staff" at ASICMINER is very small. All I'm saying is I very much doubt they will be taking a week off at such a pivotal point in time. Entrepreneurs don't work like that in my experience, they are driven.

The factory staff are probably doing nothing at this stage, its not like there are any chips to manufacture or package. So sure, they could probably take the next 2 months off and nobody would notice.

[empoweoqwj]

all we can do is wait for some more info.

do you guys rly think there is that there is so much *insider only*info going on

History tells us yes, AM info leaks out via "webgirls" and resellers before it reaches this "official" forum.

dam i guess i have to keep an eye out, on more than just posts from FC

The thing is you have to know to where to look, and reading Mandarin is a definite bonus as well. No wonder we all feel so "left behind" - in the end, we just tend to get the info 2nd-hand from Chinese forum members here kind enough to pass the info on. ASICMINER said they would employ a "PR person" .... at least 3 months ago. So far, zippo.

I disagree with the assumption of insider trading. Many times before updates we have seen a sudden price increase even when the news is not spectacular. For example last update we saw the price jump and after the update fall back down and people claimed insider trading then too.

The price has doubled in the last two weeks. If that is people just waiting for the 20th, then they are dumb schmucks. They should have just bought on the 10th and saved themselves 50%

[Rival]

The price has doubled in the last two weeks. If that is people just waiting for the 20th, then they are dumb schmucks. They should have just bought on the 10th and saved themselves 50%

The best time to plant a tree is 50 years ago. The second best time is today.

[klondike_bar]

The price has doubled in the last two weeks. If that is people just waiting for the 20th, then they are dumb schmucks. They should have just bought on the 10th and saved themselves 50%

The best time to plant a tree is 50 years ago. The second best time is today.

not if the tree will be cut down for a parking lot in the next 2 years.

AFAIC, asicminer has not given nay info or suggestions about the next gen and unless they do something soon they will be the netscape of bitcoin mining.

[Rival]

The price has doubled in the last two weeks. If that is people just waiting for the 20th, then they are dumb schmucks. They should have just bought on the 10th and saved themselves 50%

The best time to plant a tree is 50 years ago. The second best time is today.

not if the tree will be cut down for a parking lot in the next 2 years.

AFAIC, asicminer has not given nay info or suggestions about the next gen and unless they do something soon they will be the netscape of bitcoin mining.

I see this as a false dichotomy. AM can certainly tell no one anything and still produce gen3 chips, deploy massive Phash, and capture 20% of the global hash, and at the same time produce millions for investors in hardware sales. You cannot simply equate a lack of communication with a lack of results. That would be irrational.

[empoweoqwj]

The price has doubled in the last two weeks. If that is people just waiting for the 20th, then they are dumb schmucks. They should have just bought on the 10th and saved themselves 50%

The best time to plant a tree is 50 years ago. The second best time is today.

Waiting for news and reacting to that news by buying / selling is a perfectly decent strategy.
But waiting for a specific date and reacting to that date, is just plain dumb. Especially when sod all happened on that date

[chriswilmer]

Like everyone here... I would love a quick update from friedcat. Around now would be a good time...

[101111]

not strictly AM related, but still a good read:

http://www.datacenterknowledge.com/archives/2014/01/21/bitcoin-infrastructure-mining-data-center/

[empoweoqwj]

Like everyone here... I would love a quick update from friedcat. Around now would be a good time...

Especially since last fc post was 10th December

[freedomno1]

Like everyone here... I would love a quick update from friedcat. Around now would be a good time...

Especially since last fc post was 10th December

Assumes we shall wait in suspense till the day after dividends but who knows its around the general time right now

[mc_lovin]

Also a lot of the hardware they have put out has seen different revisions.  I think the USBs went through a few different versions before the Sapphire release which rocked, even the Cube that came out has different revs of miniblades...  Even the firmware on the Cube takes time to put together.  This is new gen to them, so I don't think they'll be able to hammer off boards this weekend but they will probably be pushing as hard as they can.  I know that when I buy a next gen Block Erupter I'll want it to be thoroughly tested and tuned!

Also, unfortunately...  We went to order some random cables from China this week and today they told us they were taking off for their holiday (Chinese New Year).  They said they'd be back in the office Feb 8th.  This may apply to many of the suppliers and services they may need to use in the next few weeks.  So they might not only be able to start working mid-Feb.  But... Again, I have no idea what I'm talking about, just going from common sense really.

I'm loving the name, mc_lovin, one of my favorite films, but I'm not sure what "ordering some random cables from China" has to do with AM working on next-gen chips. I humbly suggest the two are not connected. I'd also suggest you get your cables elsewhere because your "cable guys" are pulling a fast one

I'm just saying that there are probably a lot of little parts to order and they may have difficulties at this time to obtain them.  I'm not saying because this one company is taking 3 weeks off that everyone will.  I'm just saying maybe, there may be delays in the next little while.  Apparently officially it's Jan31st and lasts for about a week.  I'm not Chinese, I don't live there or study their culture, just that there are companies shutting down early, some working right through, who the hell knows.  But tapeout = Jan 20th does not equal a shipping product.  The key point of my pointless post was that mid-February is the EARLIEST you can expect something.  I would say March. 

[bitcoin.newsfeed]

I see this as a false dichotomy. AM can certainly tell no one anything and still produce gen3 chips, deploy massive Phash, and capture 20% of the global hash, and at the same time produce millions for investors in hardware sales. You cannot simply equate a lack of communication with a lack of results. That would be irrational.

You're forgetting about one thing : human greed. Have you been paying attention on Chinese mining mafia? "Discus Fish" pool for example? Sure they can produce millions ... for themselves. Why they need to produce millions for so called "investors"? They don't need our money anymore. We're redundant here. Maybe even a burden. And they're proving it every day with their non-existing PR.

edit : again ...we're waiting months for 20th January 2014 ... and its 21st now and nobody from company don't have a time to come here and write few words for us. Seems like they don't give a shit about us and yes I am pissed off.

[aahzmundus]

I see this as a false dichotomy. AM can certainly tell no one anything and still produce gen3 chips, deploy massive Phash, and capture 20% of the global hash, and at the same time produce millions for investors in hardware sales. You cannot simply equate a lack of communication with a lack of results. That would be irrational.

You're forgetting about one thing : human greed. Have you been paying attention on Chinese mining mafia? "Discus Fish" pool for example? Sure they can produce millions ... for themselves. Why they need to produce millions for so called "investors"? They don't need our money anymore. We're redundant here. Maybe even a burden. And they're proving it every day with their non-existing PR.

edit : again ...we're waiting months for 20th January 2014 ... and its 21st now and nobody from company don't have a time to come here and write few words for us. Seems like they don't give a shit about us and yes I am pissed off.

I was thinking about this... a while ago.  What is going to keep them paying dividends?  I believe firstly since the company is so lean, having a force of people out on the internet talking up their company when their products are released has value.  I imagine Asicminer is going to want to keep selling hardware, as managing hardware is an extra cost when there is so much demand for hardware out in the community, and you can sell it for a good price.

Additionally, there are several shareholders who have enough resources and connections that if friedcat did simply stop paying dividends, yet was still mining in some way... I imagine having to "watch his back" all the time would get frustrating.  Additionally, the legal status of his operation in china is in flux, I doubt he would want to draw unwanted attention.

Tl;DR I believe friedcat benefits more from staying honest and honoring shares, then he does from keeping profits to himself, I may be wrong.