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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3901408 times)
minerpumpkin
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April 04, 2014, 05:17:47 PM
 #18401

weren't we organizing another round of questions to forward to friedcat? "future plans" should certainly be on there

Yes, keep the questions coming! I don't intend to be the victim of "you should've asked X" accusations afterwards Tongue
I will include obvious ones like "Time/Quantity of upcoming batches", "When will mining ramp up?", Something-rockminer

I should have gotten into Bitcoin back in 1992...
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April 04, 2014, 06:37:53 PM
 #18402

Can we stop confusing "investors" with "new investors"?  New investors have not made 6x IPO.  Newcomers have every right to feel the way they do.  They want more information about what's going on.

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April 04, 2014, 06:40:32 PM
 #18403

friedcat working with Allied Control on the cooling system shows long term thought.  It will not be long before ASIC's hit the wall of the current state of chip development, and miners compete not on hardware, but on electricity and cooling costs.



I have been saying this for months too and fully agree with you. There will be a point (sooner rather than later) when AM and say KnC have 28nm chips with nearly identical stats.  Yes, they will both be engineering chips with smaller architecture, but at that point AM's immersion cooling, franchising and distribution networks will come into play.  
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April 04, 2014, 07:05:19 PM
 #18404

I would like FC to address the whole rockminer thing; the ipo bought up by private parties pre-ipo, what prices are AM giving to Rockminer? how many (if any) shares of rockminer does FC own?
 I feel this rockminer deal needs total transparency, from AM's side at least, otherwise there will always be suspicions of shady insider dealing, or worse that it is an umbrella company designed to siphon prophets away from AM shareholders and into the hands of rockminer exclusively. If divs and share value continue to suffer people most definitely will begin to ask questions, wouldnt you agree..

and before the cheerleaders try to shout me down with cries of "FC has no reason to go rouge" I only ask for clarification of details and transparency. Anyone can get greedy, regardless of past preformance, thats why transparency is usually offered voluntarily...reassurance in facts rather than paranoia via conjecture. And TBH, that rockminer thing seemed a little off to me. and to address the argument that FC has significant shares in AM isnt good enough either. we saw a few sell-offs take place just before the IPO, one could still sell off shares now and cash out nicely, especially seeing as the future profits are now available through one's rockminer position.

This isnt FUD, these are my legitimate concerns. heck, I wanted in on the rockminer IPO, but as many of you found out, that was for those in the loop only it seems.
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April 04, 2014, 07:36:10 PM
 #18405

Can we stop confusing "investors" with "new investors"?  New investors have not made 6x IPO.  Newcomers have every right to feel the way they do.  They want more information about what's going on.

Investors were @IPO, and purchased shares from ASICMINER.  Those that purchased shares of ASICMINER from Investors are Speculators  Grin
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April 04, 2014, 08:15:20 PM
 #18406

Can we stop confusing "investors" with "new investors"?  New investors have not made 6x IPO.  Newcomers have every right to feel the way they do.  They want more information about what's going on.

Investors were @IPO, and purchased shares from ASICMINER.  Those that purchased shares of ASICMINER from Investors are Speculators  Grin

That is pretty much true anyone who buys shares post IPO is a speculator since they did not provide the initial capital to the company what they value it as is not AM's problem so much as building the best product possible aka long term needs vs short term shareholder concerns
Benefit of having a majority of shares owned  Wink

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rockxie
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April 05, 2014, 04:29:23 AM
 #18407

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going  to purchase AM's chips to produce miners and  there will be many companies  like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER  achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie
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April 05, 2014, 04:51:05 AM
 #18408

Hi Rockxie, thanks for this information.

Does this mean that you are going to purchase the chips at the same price as the other consumers? You are not going to have a discount somehow using your board member status?

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going  to purchase AM's chips to produce miners and  there will be many companies  like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER  achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie
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April 05, 2014, 05:08:17 AM
 #18409

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going  to purchase AM's chips to produce miners and  there will be many companies  like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER  achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Thank you for the update and clarification on some of the issues that have been a topic of interest to the shareholders of AM and the community at large.
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April 05, 2014, 05:21:13 AM
 #18410

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going  to purchase AM's chips to produce miners and  there will be many companies  like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER  achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Thank you for the update!  I would more then welcome you posting an update now and then in this thread on how RockMiner is doing, as I think it is relevant to the overall topic.  I would watch RockMiner information directly, but a good portion of what I find is not in English.

Would you care to state the status/quantity/price of your chip order?

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April 05, 2014, 06:39:24 AM
 #18411

Thank you? Really? For what? Are you satisfied with this answer? Only words ... we knew all of this crap before. Numbers matters, chip selling price. Rockminer can't be preferred in chip sales.

This is what is important :
ASICMINER should rethink their approach here, and sell the chips to the highest bidders as well as mine for themselves.

I'll patiently wait for update from Jutarul or Friedcat on this.

I've asked for a clarification meeting on these issues.

EDIT : Btw sure Rockxie, you are saint. You want only help poor ASICMINER, it is not about your personal profit at all. Truth is that you'll purchase chips from anybody who will offer you better price, you mentioned this in you IPO thread, that you'll be looking also for AVALON and BITMINE chips.

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April 05, 2014, 08:02:59 AM
 #18412

Thank you? Really? For what? Are you satisfied with this answer? Only words ... we knew all of this crap before. Numbers matters, chip selling price. Rockminer can't be preferred in chip sales.

This is what is important :
ASICMINER should rethink their approach here, and sell the chips to the highest bidders as well as mine for themselves.

I'll patiently wait for update from Jutarul or Friedcat on this.

I've asked for a clarification meeting on these issues.

EDIT : Btw sure Rockxie, you are saint. You want only help poor ASICMINER, it is not about your personal profit at all. Truth is that you'll purchase chips from anybody who will offer you better price, you mentioned this in you IPO thread, that you'll be looking also for AVALON and BITMINE chips.

Sorry to chime in here but the bloke never mentioned that he is running a non profit organization. If Rockxie can get cheaper chips from bitmine and Avalon so be it. Everyone goes into business to make money and I'm sure that fc shares the same view. Now that everyone is aware that fc/asicminer does not hold shares with Rockxie then I'm sure that will ease asicminer investors. The fact that Rockxie came out to say that they will be looking for Avalon and bitmine chips should be enough to say that asicminer chips will not be their one and only preference, so there is no guarantee that they will be getting these chips at a ridiculously low price.
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April 05, 2014, 08:41:43 AM
 #18413

Sorry to chime in here but the bloke never mentioned that he is running a non profit organization. If Rockxie can get cheaper chips from bitmine and Avalon so be it. Everyone goes into business to make money and I'm sure that fc shares the same view. Now that everyone is aware that fc/asicminer does not hold shares with Rockxie then I'm sure that will ease asicminer investors. The fact that Rockxie came out to say that they will be looking for Avalon and bitmine chips should be enough to say that asicminer chips will not be their one and only preference, so there is no guarantee that they will be getting these chips at a ridiculously low price.

    As a AM shareholder, Rockxie will profit more from buying AM chips than Avalon or others, so all else being equal, he's going to buy AM chips.  That is good for all AM shareholders.  If other manufacturers can supply him and leave a greater profit margin than even the effective rebate of buying AM chips, then AM chips are truly not competitive, and they will be better used for in-house mining. Either way AM shareholders profit.
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April 05, 2014, 08:44:35 AM
 #18414

^^ @spartan82 : It's not a point. I don't care about RM, all I care about is AM here. "so there is no guarantee that they will be getting these chips at a ridiculously low price" ... so we should only Hope & Believe™ then? Nope. I want to see proof and facts.

... Question Everything, Believe Nothing ...
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April 05, 2014, 09:04:17 AM
 #18415

Would have preferred stated alliance over partners.

Would preferred the statement that FC has no interest in RM or benefits from it's performance. (no holding company, whether shares account for 100% of the company,  whether there are reimbursements, etc).
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April 05, 2014, 10:39:18 AM
 #18416

FC is the only chipmaker that has delivered exactly as promised every single time.
Not a single misstep.
Kept pricing on Blades & BE's perfectly marketable right up to the end.

The Gen2 thing is just part of doing business.
He was smart enough to pull the plug on something that wasn't going to work out.

The guy is smart.  He's savvy.
He's not going to give a special deal to someone on chips, without getting something of equal value in return.

As investors, we get short sighted some times...  especially when we don't have a copy of the plan.
But in this industry, you have to keep your plans on the DL.  Or else, your competition catches up quick.

I'm not worried until I have a reason to be.
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April 05, 2014, 12:25:13 PM
 #18417


But in this industry, you have to keep your plans on the DL.  Or else, your competition catches up quick.

I'm not worried until I have a reason to be.

I am seeing unanswered questions that have zero risk of negatively affecting the company's performance but are vital to stock performance. There's no need to leave those questions unanswered.
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April 05, 2014, 12:35:57 PM
 #18418

They really need PR.
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April 05, 2014, 12:46:25 PM
 #18419

I fully expect sensitive issues to remain under wraps but questions regarding the public side of the shareholder holdings require attention. I really don't need to hear about past performance being justification for not having expectations. This was sold as shares and not bonds to be repaid through dividends.
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April 05, 2014, 12:52:39 PM
 #18420

I am seeing unanswered questions that have zero risk of negatively affecting the company's performance but are vital to stock performance. There's no need to leave those questions unanswered.

They really need PR.

Remember, I believe in and trust FC/AM and am also all for more information coming through. Simply playing devil's advocate here: Friedcat couldn't care less about the share price or communicating every minor detail. As long as the plan works out and he gets his share.

I should have gotten into Bitcoin back in 1992...
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