ASICMINER: Entering the Future of ASIC Mining by Inventing It

[coldguy]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

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[jimmothy]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

Why do people assume FC is out to pull a fast one?

Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.

Financial reports are public and there is no trickery going on.

And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.

[KS]

^This and the fact that they'll be giving the PCB layout for everyone to use.

Look at how many chips the douches unsavory types at Avalon sold to the community for Chris' Klondike design. We're talking thousands upon thousands of miners, many more than what vertically integrated companies can produce.

The logistics are much better handled by lots of assemblers than just the one, and the profits are in the ASICs anyway.

[necro_nemesis]

In spite of what people may surmise FC could do there are members on the board who are armpit deep in stock and would find it objectionable to do anything that undermines their interests.

[minerpumpkin]

I believe the price of AM just went back down to 0.6 BTC due to a lot of people selling some of their AM shares in order to diversify their portfolio with ROCKMINER shares. Let's see how this plays out!

[hdbuck]

I believe the price of AM just went back down to 0.6 BTC due to a lot of people selling some of their AM shares in order to diversify their portfolio with ROCKMINER shares. Let's see how this plays out!

rofl the more i look at their thread the more im thankful i didnt invest yet.
like they say, when i doubt, don't.

[lophie]

I believe the price of AM just went back down to 0.6 BTC due to a lot of people selling some of their AM shares in order to diversify their portfolio with ROCKMINER shares. Let's see how this plays out!

rofl the more i look at their thread the more im thankful i didnt invest yet.
like they say, when i doubt, don't.

+1, I agree, this IPO was not thought through thoroughly.

[necro_nemesis]

What makes rockminer distinct from the myriad of other board makers?

Spooling up to run application specific chips is far more onerous than designing and fabricating boards from off the shelf components. Way too much competition in that space IMHO.

[ning]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

Have a little faith in Friedcat (but don't get attached ).

[coldguy]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

Why do people assume FC is out to pull a fast one?

Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.

Financial reports are public and there is no trickery going on.

And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.

Then that would be great. I hope AM is willing to sell their chips to every miner producer at the same price.

[Chris_Sabian]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

Why do people assume FC is out to pull a fast one?

Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.

Financial reports are public and there is no trickery going on.

And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.

Then that would be great. I hope AM is willing to sell their chips to every miner producer at the same price.

Why would they do that?  A company can set a price for their products as they see fit.

If company A wants to buy X chips and company B wants to by 2X chips, AM could give a better per chip price to company B (volume discount).  Or since company B is a preferred buyer, then they could get a better price.

[VolanicEruptor]

I smell an exit strategy.. hmm

[coldguy]

For me it looks like AM is not willing to issue profits as dividends to the shareholders. So they set up another company, which is maybe RM, holding 80% of RM's shares. Then they sell the chips to RM in a lower price, which means lower dividends as AM's shareholders would expect. Then the margin would be totally at RM's side.

======Everything above is only my assumption.======

Unless there are other companies than RM are also purchasing chips from AM, then I would highly doubt there is benefits tunnelling behind the scene.

Why do people assume FC is out to pull a fast one?

Must I remind everyone that after collecting 20,000 btc during IPO, AM proceeds to pay out 200,000 btc in dividends alone.

Financial reports are public and there is no trickery going on.

And what makes you assume RM is the only customer for gen3 chips? I assume every asic hardware manufacturer will be using AM's chips soon.

Then that would be great. I hope AM is willing to sell their chips to every miner producer at the same price.

Why would they do that?  A company can set a price for their products as they see fit.

If company A wants to buy X chips and company B wants to by 2X chips, AM could give a better per chip price to company B (volume discount).  Or since company B is a preferred buyer, then they could get a better price.

Yes, this is true. I would say that the "same" price should be rephrased to "fair" price. What I mean is that I hope there is no "unfair" trade behind the scene.

[michaelGedi]

I smell an exit strategy.. hmm

elaborate

[101111]

everyone looking forward to divs tonight?  

[neilol]

everyone looking forward to divs tonight?  

I don't think they will be higher than normal - I don't think FC has taken in any revenue for gen3 yet

[hdbuck]

everyone looking forward to divs tonight?  

I don't think they will be higher than normal - I don't think FC has taken in any revenue for gen3 yet

there is only 25BTC in AM's address. it think he was being ironic.

[neilol]

everyone looking forward to divs tonight?  

I don't think they will be higher than normal - I don't think FC has taken in any revenue for gen3 yet

there is only 25BTC in AM's address. it think he was being ironic.

Yes, my fault didn't catch the 

Need coffee

[minerpumpkin]

Yeah, they're basically totally irrelevant right now unless there are unexpected sales coming in at some point over the next weeks.
Right now the most important thing is how the engineering sample performs and whether gen 3 works. Things actually do get tingly now, since fc confirmed physical chips will come March 28. Plus transit and testing time, I guess we're in for the answer to the biggest question in AM there is during next week. Eerie!

[101111]

Yes I was being ironic.

On the bright side, the USA tax news should be good for AM and other mining suppliers, as the cost of rigs and associated expenses will I believe be deductible.