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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898971 times)
KarmaShark
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May 31, 2014, 03:12:19 PM
 #20061

... I would rather the focus be on consistent and reliable communication for you all (and myself).

I don't think it's possible but you have my vote.


I can hardly blame you for the outlook at all Server, this is not the first time the request for more clarity has been made. Would the events from yesterday taken place if the information was communicated in a different manner? I do not know, however I would like the opportunity to try and see. Either way, I thank you for your support my friend.

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Satan666
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May 31, 2014, 04:04:29 PM
 #20062

Back then the scummy fucks needed our coins and now they are rich they don't... Typical bitcoin entrepreneur behavior, history repeating.

My scamlist goes back as far as Tawsix so I know what I'm talking about. AM is junk from now. Sorry for your loss.

Thanks for that insight, you've convinced me.  Please ask dogie to update his thread with the A+ rating for ASICMiner that you link to in your signature block.  Smiley

https://bitcointalk.org/index.php?topic=456691

Do you have a problem with the hardware ?

Don't you think the people that will be buying AM hardware should be aware that "scammy fucks" are behind the operation?

According to dogie: "Position in the list signifies trustworthiness, the higher the better. Criteria includes the use of preorders, delayed shipping, immoral behaviour, withholding of refunds etc."

If AM shareholders have been subjected to "immoral behaviour", shouldn't AM customers be aware of this so they can take it into consideration when buying AM hardware?  Surely you don't want to see AM customers being the next victims.
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May 31, 2014, 04:10:15 PM
 #20063

with large amount of A1 on market already, along with Antminer's  28nm S3, Knc, Bitfury gen3, 28nm avalon and Spoondoolies tech all starting to get serious in large scale mining ops It seems AM will be closer to fighting tooth and nail than casually making newly minted millionares out of johnny-come-lately havelock investors

El Cabron
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May 31, 2014, 04:13:22 PM
 #20064

I trust friedcat. I think he is an honest person. I hope this will work out in the end.

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
bobboooiie
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May 31, 2014, 04:51:49 PM
 #20065

I trust friedcat. I think he is an honest person. I hope this will work out in the end.

You trusted pirate too though
romerun
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Bitcoin is new, makes sense to hodl.


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May 31, 2014, 04:53:48 PM
 #20066

Without gox outrageous pumping, price should gradually rise with softer crashings, so converting fait to btc should not be so bad.
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May 31, 2014, 05:06:27 PM
 #20067

are we not going to mine with gen3?

whats the use of the immersion cooling if not going to mine?

is old gen1 still mining for us?
CanaryInTheMine
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May 31, 2014, 05:07:46 PM
 #20068

I trust friedcat. I think he is an honest person. I hope this will work out in the end.
+1
Omg goat!!! I do agree with you on this one thing!!

Edit: so let's say friedcat goes out and raises 20 or even $40 mil tomorrow (several of us here can make that happen via our connections to VCs without trying hard), then what?

Most of you will still bitch and moan as before.

Your problem is that you see AM shares as a cashcow for fat dividends...
Have you no sense/idea of when in a companie's life cycle dividends are fat?? (Hint: at EOL)
I can tell you when, when the company has no more growth and the only thing left to do is pay out divs to shareholders.

This isn't the case here.  So all you bitching about no divs: educate yourself.  Don't be fools.  And I'm putting this mildly not to offend anyone.
Cheers!
aahzmundus
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May 31, 2014, 05:14:10 PM
 #20069

I think the best course of action is to continue to ask Jutarul to submit questions to friedcat, and make sure there is some time put into the questions, right now the way some of the questions are phrased, they are repetitive and just worded in bad ways.  We should also keep them simple.  If we just submit a few questions, but ask them more frequently, I feel we all will be better for it.

I also feel we should try and target other people who have information, CanaryInTheMine, how are the sales going?  How do you feel about the units?  Roxxie, how is your project going, how is working with AM chips?

Here would be my list for FC, taking the other one and cleaning it up, putting questions in a logical order of sorts.

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials) represent?

2) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?

3) What is that ~4M CNY in financial report/expenses at exchange?

4) What is the status of gen 3.1, do we have final chip performance numbers yet?

5) What is the average selling price of AM gen3 chips (price per Gh/s)?

6) What is the progress on gen4?

7) What is the status of Asicminer mining profits, including our franchising partners?

8 ) When can shareholders expect the next dividend?  What happened to the 27th projection?

9) Can we please get bi-weekly updates to stop rampant speculation?

10) What are the future plans for Asicminer.

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May 31, 2014, 05:18:30 PM
 #20070

add this question

are we going to mine? be it gen3,gen4, etc

whats the purpose of immersion cooling now, if not mining?
CanaryInTheMine
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May 31, 2014, 05:24:55 PM
 #20071

I think the best course of action is to continue to ask Jutarul to submit questions to friedcat, and make sure there is some time put into the questions, right now the way some of the questions are phrased, they are repetitive and just worded in bad ways.  We should also keep them simple.  If we just submit a few questions, but ask them more frequently, I feel we all will be better for it.

I also feel we should try and target other people who have information, CanaryInTheMine, how are the sales going?  How do you feel about the units?  Roxxie, how is your project going, how is working with AM chips?

Here would be my list for FC, taking the other one and cleaning it up, putting questions in a logical order of sorts.

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials) represent?

2) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?

3) What is that ~4M CNY in financial report/expenses at exchange?

4) What is the status of gen 3.1, do we have final chip performance numbers yet?

5) What is the average selling price of AM gen3 chips (price per Gh/s)?

6) What is the progress on gen4?

7) What is the status of Asicminer mining profits, including our franchising partners?

8 ) When can shareholders expect the next dividend?  What happened to the 27th projection?

9) Can we please get bi-weekly updates to stop rampant speculation?

10) What are the future plans for Asicminer.
Most of these questions have already been answered... It may be hard to dig through all the pages, but the answers are here.
aahzmundus
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May 31, 2014, 05:49:38 PM
 #20072

add this question

are we going to mine? be it gen3,gen4, etc

whats the purpose of immersion cooling now, if not mining?

I believe your first question is contained in number 7, and your second question was answered on a previous question to friedcat.

Most of these questions have already been answered... It may be hard to dig through all the pages, but the answers are here.

I don't think so, I have read every page of this thread no less then 3 times, but even then you are right I could have missed something.  Some questions have been answered before, but the answers are now no longer valid as time has passed.  For example, FC answered the dividends question, he said the 27th would be dividends, now that the date has passed the question is valid again.  We know the price range for chip sales, FC said what they would be priced at, but now that they are being sold, we do not know what they actually are selling at.  We got initial specs for the chips, but were told there may be further changes and updates, so the question on specs is valid.  I think this is the case for all the questions on my list, but I would happily be proven wrong.

bitcoin.newsfeed
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May 31, 2014, 05:52:55 PM
 #20073

Next round of shareholders questions - gathering

Dear shareholders,

we've gathered 20 questions so far, still 16hours until forwarding them to Friedcat. If you want to add something, dont hesitate to write it here, or in PM. Closing time for this round of questions is 1st of June 2014 12:00 UTC +01:00

Quote

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?

2) How many months of inventory do you estimate that represents?

3) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?

4) When will dividends start, and how frequently will they occur?

5) What is the status of gen 3.1 (shipping to customers, I think?)? How much does it help with energy usage -- do we have final chip performance numbers yet?

6) What is the progress on gen4?

7) What is the status of self mining? What is the rollout schedule for the data centers?

8 ) What is the status of franchising partners? When can we expect to see income from them?

9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?

10) What is the average selling price of AM gen3 chips (price per Gh/s)?

11) What is that ~4M CNY in financial report/expenses at exchange?

12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.

13) What is the Break Even Point of this batch of Chips?

14) What is the estimated conversion time from chip sales to dividends?

15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be used for Gen 4?

16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farm to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?

17) What ever happened to the dedicated PR person and should AM make a website for distributors and for Chip inquiries?

18) Can we please get weekly, bi-weekly or monthly updates about progress, plans, sales etc. for preventing FUD in this thread?

19) Can you please communicate more clearly/frequently with shareholders?

20) What are the future plans and visions of Asicminer?


... Question Everything, Believe Nothing ...
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May 31, 2014, 06:05:50 PM
 #20074

I trust friedcat. I think he is an honest person. I hope this will work out in the end.
+1
Omg goat!!! I do agree with you on this one thing!!

Edit: so let's say friedcat goes out and raises 20 or even $40 mil tomorrow (several of us here can make that happen via our connections to VCs without trying hard), then what?

Most of you will still bitch and moan as before.

Your problem is that you see AM shares as a cashcow for fat dividends...
Have you no sense/idea of when in a companie's life cycle dividends are fat?? (Hint: at EOL)
I can tell you when, when the company has no more growth and the only thing left to do is pay out divs to shareholders.

This isn't the case here.  So all you bitching about no divs: educate yourself.  Don't be fools.  And I'm putting this mildly not to offend anyone.
Cheers!

The the problem with having an appreciation for growth comes down to a sense of ownership of the asset. No one wants to own rabid dog that acts unpredictably. The prevailing attitude is this is "Bitcoin land"; take what you can get while you can because tomorrow someone will take it from you. I as a few others in spite of the situation do not share that sentiment but until AM starts to behave like they are a legitimate publicly traded company and be responsive to long term investors this is the only reasonable expectation of what they are able to offer.
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May 31, 2014, 07:03:02 PM
 #20075

man im so pissed i could easily have doubled my shareholdings. instead my investment has been divided by two.   F    U    C    K
still some faith in FC but, well, i guess all i have to do now is wait. sinking with the ship or landing on the moon. *coinflip
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May 31, 2014, 07:09:25 PM
 #20076

I was offline for few days. (Hoping for dividends when I come back.) Can someone point me to the reply or event explaining such drop in price? (I know it is somewhere in this thread, but there are too many contribs.) Is this because some Bitfurry investment?? Did Friedcat postopone dividends again?
necro_nemesis
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May 31, 2014, 07:15:23 PM
 #20077

I was offline for few days. (Hoping for dividends when I come back.) Can someone point me to the reply or event explaining such drop in price? (I know it is somewhere in this thread, but there are too many contribs.) Is this because some Bitfurry investment?? Did Friedcat postopone dividends again?
https://bitcointalk.org/index.php?topic=99497.msg7038745#msg7038745
ZephramC
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May 31, 2014, 08:08:42 PM
 #20078

I was offline for few days. (Hoping for dividends when I come back.) Can someone point me to the reply or event explaining such drop in price? (I know it is somewhere in this thread, but there are too many contribs.) Is this because some Bitfurry investment?? Did Friedcat postopone dividends again?
https://bitcointalk.org/index.php?topic=99497.msg7038745#msg7038745

Thank you. :-/
Tenfold loss. I should sell earlier.
kingcrimson
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May 31, 2014, 08:26:06 PM
 #20079

This is terrible, the only reason I invested is because he said there would be aggressive dividends. How does anybody have a chance in this business if they are being flat out lied to?
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May 31, 2014, 08:41:55 PM
 #20080

This is terrible, the only reason I invested is because he said there would be aggressive dividends. How does anybody have a chance in this business if they are being flat out lied to?

I invested because I trusted the project and saw potential for appreciation. 1 Share was about 2.5 BTC at that time (this was after 4 BTC peak), august 2013 - btct.co times. When the price fell, I stayed because of dividends... Well. I sold my shares today.
I know it is my mistake, I will try to learn from it.
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