ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jimmothy]

ASIC Miner below IPO before July



Keep in mind #bitcoin-assets predicted last day's price halving, at least 20 days before.




u MAD?

Bitcoin-assetts predicts every bitcoin stock is overvalued. Even a broken clock is right twice a day.

12:30:31 skinnkavaj:ThickAsThieves: According to latest questions it seems that they are on track on delivering 102 petahash to the network in 3 months
12:30:47 ThickAsThieves:on track by what measure?
12:30:50 ThickAsThieves:words and dreams?

Here's proof TAT is just talking shit as usual. Having just sold ~8PH I would say AM is quite on track.

It's too bad TAT had to become an egotistical douchebag and join the cult of bitcoin-assetts.

Funny how none of the cultists from bitcoin assets will ever admit that every single stock on mpex is overvalued. Overvalued is the wrong word since market manipulation determines the price, not the free market.

[elasticband]

that conversation reeks of a bitter man who lost some money or regrets not selling at the top.

[Ozziecoin]

Can't see anything substantive in what TAT said. Doesn't mean he is wrong. Just nothing substantive.

[Satan666]

Can't see anything substantive in what TAT said. Doesn't mean he is wrong. Just nothing substantive.

Nothing concrete, but he was on the board for a few months and may have gotten the sense something underhanded was going on with board members' "own franchises" before deciding to leave.  Makes me wonder who operates these other businesses that AM is selling their Gen3 chips to.

That, plus the fact that friedcat has been awfully quiet for the last several months.  People have speculated that he's been extremely busy and/or doesn't want to reveal his business strategy, but these well-meaning individuals could just be unknowingly providing him cover.  He talked about designating someone for investor relations, but only came up with excuses.  Scammers have a tendency to come up with excuses, instead of solutions, to explain away the red flags.

[Another User]

Can't see anything substantive in what TAT said. Doesn't mean he is wrong. Just nothing substantive.

Nothing concrete, but he was on the board for a few months and may have gotten the sense something underhanded was going on with board members' "own franchises" before deciding to leave.  Makes me wonder who operates these other businesses that AM is selling their Gen3 chips to.

That, plus the fact that friedcat has been awfully quiet for the last several months.  People have speculated that he's been extremely busy and/or doesn't want to reveal his business strategy, but these well-meaning individuals could just be unknowingly providing him cover.  He talked about designating someone for investor relations, but only came up with excuses.  Scammers have a tendency to come up with excuses, instead of solutions, to explain away the red flags.

Always appreciate "info" from another sock puppet that's been here for less than 10 days 

[Another User]

Your comments remind me of those on http://trilema.com/2013/the-analysis-of-a-failure-asicminer/


moar RAGE!!!!!!!???

You know what they say: Those who can, do, and those who can't, teach.

MP is sure teaching lot 

Do you plan to teach too?

[Satan666]

Nothing concrete, but he was on the board for a few months and may have gotten the sense something underhanded was going on with board members' "own franchises" before deciding to leave.  Makes me wonder who operates these other businesses that AM is selling their Gen3 chips to.

That, plus the fact that friedcat has been awfully quiet for the last several months.  People have speculated that he's been extremely busy and/or doesn't want to reveal his business strategy, but these well-meaning individuals could just be unknowingly providing him cover.  He talked about designating someone for investor relations, but only came up with excuses.  Scammers have a tendency to come up with excuses, instead of solutions, to explain away the red flags.

Always appreciate "info" from another sock puppet that's been here for less than 10 days 

Your welcome.

[ace345]

Looking to sell direct shares, if you're interested PM me

[explorer]

Wow it's getting brutal on Havelock. 

There were a couple of people asking about transfer times recently.  Has it been sorted out, or is it a poor time to be moving shares?  Come to think of it, there were more than a few buy/sell offers here...  Any updates?

[bitcoin.newsfeed]

Next round of shareholders questions - gathering

Dear shareholders,

we've gathered 20 questions so far, still 3hours until forwarding them to Friedcat. If you want to add something, don't 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

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 retained 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 farms 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?

[lophie]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

[spartan82]

At current prices u can become a board member with around a quarter million now right? Or am I getting these numbers terribly wrong?

[bitcoin.newsfeed]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here.

[explorer]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

Yep, just lean on dividends.  I'm still  betting on a good summer.  Did some dust sweeping, and managed to increase my position, very modestly    The way Havelock is trending, maybe I should have waited longer...

[gaba]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

No, the price will be lower. Friedcat are selling low priced chips for USD to his friends. USD/BTC conversion is became another problem beside recent price increase. Maybe some another friend can help with exchange.

[lophie]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here.

So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD.

My guess it is one big shareholder that pulled a 100$ a bitcoin  like what happened recently (for those who do not know after a recent FUD someone sold enormous amount of Bitcoins in one go pulling the price down from $700-$800 to 100$ for one second! genius right >_> )

[kingcrimson]

Guys, I understand the financial statement was very bad. But do you think it justifies the current prices? The upcoming numbers are still looking pretty good to me, no?

On the second look, that financial statement is not THAT bad. Reinvesting profits back into the company especially when there is a cheap spare space in fab lab, seems like a good mid-term idea. I suggest to wait for answers from Friedcat. Lot of panic here.

The conspiracies that they are failing intentionally because they want to phase out shareholders, is fueling some of the panic as well.

[lophie]

selling to friends, wanting to phaseout shareholders?

The other version of that exact FUD:

1- We are selling lower because the market is competitive.
2- the phasedout shareholders are the ones with weak hands.

I don't deny the price fall screwed me over last night as I was making an awesome javascript bitcoin MPK generator.... you guys really took the fun out of that for me

[explorer]

At current prices u can become a board member with around a quarter million now right? Or am I getting these numbers terribly wrong?

simplified: 5 shares for 1 BTC,   5000 shares for 1000BTC.   1000BTC= 650 000. That assumes you could find 5000 shares for that BTC, and 1000 BTC for your dirty pile of fiat.

[bitcoin.newsfeed]

So basically price fell 75% overnight because friedcat is not giving the EXISTING money NOW but a little bit LATER because he can use it to MAKE MORE in a SHORT PERIOD.

yes, you got it  Bitcoinland securities market... I saw this earlier, just grab some popcorn and quietly wait for official update.