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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898972 times)
AcoinL.L.C
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June 01, 2014, 09:10:23 PM
 #20241

Its very plausible FC has interests elsewhere. Its a bit questionable to see how they ended the last month with a loss. This business is valued in the hundreds of millions (IMO its overpriced), and its share prices have taken a bit of a tumble recently, check out the orderbook on havelock. While some of its attributed to the recent increase of the USD value, its still losing ground regardless of that, yesterday each share was valued at ~$240, right now its at $170. Bit nerve racking considering this is by far the largest BTC business
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June 01, 2014, 09:11:49 PM
 #20242

@Another User:  Context.  Qualifiers. <==Learn both Smiley

And of course I don't have the entire picture.  Neither do you.  OTOH, when it smells like shit and it's this sewer, I'm going to assume it's shit.  <==reasonable assumption (as in "pretty sure" if you still don't get it) Smiley

~rolly-eyed smileys~
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June 01, 2014, 09:19:24 PM
 #20243

Bit nerve racking

The moral of the story is: when you have a 40X+ bagger in your hands like any holders who bought at the IPO time last summer, sell the sh*t out of it without thinking twice.
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June 01, 2014, 09:28:22 PM
 #20244

@Another User:  Context.  Qualifiers. <==Learn both Smiley

And of course I don't have the entire picture.  Neither do you.  OTOH, when it smells like shit and it's this sewer, I'm going to assume it's shit.  <==reasonable assumption Smiley

~rolly-eyed smileys~

Oooooh! My turn!

@NotLampChop "Reasonable" assumption ≠ Reality.  Comprehension. <==Understand both Smiley

For someone that claims to "use logic," backing them up with only assumptions doesn't make it any more legitimate. OTOH, when you smell "shit" and you're in "this sewer," kind of makes you wonder why you're even here in the first place, doesn't it? Must be a fetish, maybe I'm just not sure...  Smiley

~rolly-eyed smileys~

RoadStress Sock Puppet
Franktank
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June 01, 2014, 09:39:17 PM
 #20245


What is the context of this folder? How is this related to AM?

Edit: to be clear, I'm well aware of DataTank and so on, but I'm unsure about those stock photos and schematics of some containers.


For the reference, DataTank:

http://www.allied-control.com/datatank
http://www.allied-control.com/publications/DataTank_Product_Info.pdf
http://www.allied-control.com/publications/DataTank_Press_Release.pdf

I was merely providing a possible explanation as to what the "Materials" asset could consist of and where the May funds could've gone. It's well understood AM has been partnering with Allied Control to establish hardware and immersion cooling for potential franchisees, these are the most recent updates that I found. Now it's just waiting to see how it turns out, for better or worse.
minerpumpkin
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June 01, 2014, 09:42:29 PM
 #20246

I was merely providing a possible explanation as to what the "Materials" asset could consist of and where the May funds could've gone. It's well understood AM has been partnering with Allied Control to establish hardware and immersion cooling for potential franchisees, these are the most recent updates that I found. Now it's just waiting to see how it turns out, for better or worse.

The May dividends pretty much exactly fund the June batch.

I should have gotten into Bitcoin back in 1992...
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June 01, 2014, 09:47:41 PM
 #20247

I was merely providing a possible explanation as to what the "Materials" asset could consist of and where the May funds could've gone. It's well understood AM has been partnering with Allied Control to establish hardware and immersion cooling for potential franchisees, these are the most recent updates that I found. Now it's just waiting to see how it turns out, for better or worse.

The May dividends pretty much exactly fund the June batch.

Alright, it's just waiting to see how friedcat executes in the coming weeks then.
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June 01, 2014, 09:54:45 PM
 #20248

I was merely providing a possible explanation as to what the "Materials" asset could consist of and where the May funds could've gone. It's well understood AM has been partnering with Allied Control to establish hardware and immersion cooling for potential franchisees, these are the most recent updates that I found. Now it's just waiting to see how it turns out, for better or worse.

The May dividends pretty much exactly fund the June batch.

Alright, it's just waiting to see how friedcat executes in the coming weeks then.

The question will be when this circle is being broken, since every batch needs to be funded. And every single one is bigger than the last one, yet sells for less (difficulty increase). Thus, very little remains to be issued as dividends, if any. FC may very well decide to keep the income in order to ramp up for gen 4.

I should have gotten into Bitcoin back in 1992...
explorer
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June 01, 2014, 10:00:33 PM
 #20249

I was merely providing a possible explanation as to what the "Materials" asset could consist of and where the May funds could've gone. It's well understood AM has been partnering with Allied Control to establish hardware and immersion cooling for potential franchisees, these are the most recent updates that I found. Now it's just waiting to see how it turns out, for better or worse.

The May dividends pretty much exactly fund the June batch.

Alright, it's just waiting to see how friedcat executes in the coming weeks then.

The question will be when this circle is being broken, since every batch needs to be funded. And every single one is bigger than the last one, yet sells for less (difficulty increase). Thus, very little remains to be issued as dividends, if any. FC may very well decide to keep the income in order to ramp up for gen 4.

I expect mining/franchise dividends will begin to trickle in very soon, which would make the picture rosier while profits are being reinvested  Cool
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June 01, 2014, 10:09:11 PM
 #20250

@Another User:  Context.  Qualifiers. <==Learn both Smiley

And of course I don't have the entire picture.  Neither do you.  OTOH, when it smells like shit and it's this sewer, I'm going to assume it's shit.  <==reasonable assumption Smiley

~rolly-eyed smileys~

Oooooh! My turn!

@NotLampChop "Reasonable" assumption ≠ Reality.  Comprehension. <==Understand both Smiley

For someone that claims to "use logic," backing them up with only assumptions doesn't make it any more legitimate. OTOH, when you smell "shit" and you're in "this sewer," kind of makes you wonder why you're even here in the first place, doesn't it? Must be a fetish, maybe I'm just not sure...  Smiley

~rolly-eyed smileys~

I'm going to assume you're very young and thus educable, rather than a differently-enabled adult.  This assumption might be unreasonable (and I'm a bit worried that it is), but noblesse oblige dictates I err on the side of kindness.  So here's ur learningz for the day:

While certain philosophers insist that reality doesn't exist outside of perception, this concept is for grownups, so don't try to think about it just yet.  While you're still young, this is all that you need to know:  When NotLambchop is reasonably sure, bet your life on it.

Unlike drool, scribbles and malformed thinkings you make with your own brain, NotLambchop's reasonable assumptions are, indeed, reasonable.

Take NotLambchop's word for it and stop acting out.

Kids these days Angry

Lohoris
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June 01, 2014, 10:17:55 PM
 #20251

@electrium & lambchopfuck: plz get lost. you know nothing. AM is risky, but as far as i see & understand everything is on track. and the best is yet to come.
The "aggressive dividends" are definitely not "on track".

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minerpumpkin
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June 01, 2014, 10:45:05 PM
 #20252

The question will be when this circle is being broken, since every batch needs to be funded. And every single one is bigger than the last one, yet sells for less (difficulty increase). Thus, very little remains to be issued as dividends, if any. FC may very well decide to keep the income in order to ramp up for gen 4.

I expect mining/franchise dividends will begin to trickle in very soon, which would make the picture rosier while profits are being reinvested  Cool

How much do you think is going to be reinvested and how much will be paid out as dividends? According to my approximations, the income form the April batch almost exactly paid for the May batch, which in return paid for the June batch. Which may or may not pay for further batches.
My point is: The income seems to be reinvested completely into further batches.

Plans from April 21st: If we took the pretty big June batch of 80.4 PH/s (at 0.2$/GH/s it'd cost about $16m (2x the revenue of the May batch - thus it may not even be possible!!!) and forward the complete revenue to the shareholders at a price of $0.5 (probably not achievable in late June) we'd see a dividend of 0.15 BTC/share. And AM was completely out of money then.

More realistically, yet best-caseish: We spend all the money we have $8,7m and produce a June batch of 43.5 PH/s, sell those chips for 0.4$/GH/s and end up with $17.4m. At a BTC price of $700 we end up at 0.062 BTC/share. Again, AM would be out of money. If we now paid out half of the revenue, and reinvested the other half ($8.7m) we'd see 0.031 BTC/share. The newly funded batch would likely sell for a lot less and we may see an additional, say 0.025 BTC/share.
Since the difficulty is ever-increasing and the competition is ramping up as well, this can't go on forever and at some point it becomes unfeasible to continue. We also may see an increased BTC price. That being said, it seems pretty difficult to achieve anything exceeding or even approaching 0.1 BTC/share now for all of gen 3. Yet, gen 4 needs funding money as well (most likely significantly more than gen 3)

Please do your own research, though - this is no trading advice. I may be wrong or significantly off. Please feel free to rectify those calculations. When it comes to divs, they're giving me an headache, though.

I should have gotten into Bitcoin back in 1992...
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June 01, 2014, 11:01:55 PM
 #20253

I'm going to assume you're very young and thus educable, rather than a differently-enabled adult.  This assumption might be unreasonable (and I'm a bit worried that it is), but noblesse oblige dictates I err on the side of kindness.  So here's ur learningz for the day:

While certain philosophers insist that reality doesn't exist outside of perception, this concept is for grownups, so don't try to think about it just yet.  While you're still young, this is all that you need to know:  When NotLambchop is reasonably sure, bet your life on it.

Unlike drool, scribbles and malformed thinkings you make with your own brain, NotLambchop's reasonable assumptions are, indeed, reasonable.

Take NotLambchop's word for it and stop acting out.

Kids these days Angry

Bravo, sir. I suppose when you have nothing else to use, it's quite pathetic to finally resort to name calling and then to follow it up with only reaffirming your "reasonable assumptions." Although that is to be expected, isn't it? You don't have anything else. It's ok though because you'll eagerly come back, type out another post to proclaim your ill-conceived thoughts, tack on some mild insult, and take false comfort in that what you say actually matters. Go on, we're all waiting.

RoadStress Sock Puppet
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June 01, 2014, 11:19:21 PM
 #20254

The question will be when this circle is being broken, since every batch needs to be funded. And every single one is bigger than the last one, yet sells for less (difficulty increase). Thus, very little remains to be issued as dividends, if any. FC may very well decide to keep the income in order to ramp up for gen 4.

I expect mining/franchise dividends will begin to trickle in very soon, which would make the picture rosier while profits are being reinvested  Cool

How much do you think is going to be reinvested and how much will be paid out as dividends? According to my approximations, the income form the April batch almost exactly paid for the May batch, which in return paid for the June batch. Which may or may not pay for further batches.
My point is: The income seems to be reinvested completely into further batches.

Plans from April 21st: If we took the pretty big June batch of 80.4 PH/s (at 0.2$/GH/s it'd cost about $16m (2x the revenue of the May batch - thus it may not even be possible!!!) and forward the complete revenue to the shareholders at a price of $0.5 (probably not achievable in late June) we'd see a dividend of 0.15 BTC/share. And AM was completely out of money then.

More realistically, yet best-caseish: We spend all the money we have $8,7m and produce a June batch of 43.5 PH/s, sell those chips for 0.4$/GH/s and end up with $17.4m. At a BTC price of $700 we end up at 0.062 BTC/share. Again, AM would be out of money. If we now paid out half of the revenue, and reinvested the other half ($8.7m) we'd see 0.031 BTC/share. The newly funded batch would likely sell for a lot less and we may see an additional, say 0.025 BTC/share.
Since the difficulty is ever-increasing and the competition is ramping up as well, this can't go on forever and at some point it becomes unfeasible to continue. We also may see an increased BTC price. That being said, it seems pretty difficult to achieve anything exceeding or even approaching 0.1 BTC/share now for all of gen 3. Yet, gen 4 needs funding money as well (most likely significantly more than gen 3)

Please do your own research, though - this is no trading advice. I may be wrong or significantly off. Please feel free to rectify those calculations. When it comes to divs, they're giving me an headache, though.

What about all their inventory? I believe there were siginificant entries in the financial reports that suggest they have a lot of stocked up chips and other hardware?

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June 01, 2014, 11:20:33 PM
 #20255

I'm going to assume you're very young and thus educable, rather than a differently-enabled adult.  This assumption might be unreasonable (and I'm a bit worried that it is), but noblesse oblige dictates I err on the side of kindness.  So here's ur learningz for the day:

While certain philosophers insist that reality doesn't exist outside of perception, this concept is for grownups, so don't try to think about it just yet.  While you're still young, this is all that you need to know:  When NotLambchop is reasonably sure, bet your life on it.

Unlike drool, scribbles and malformed thinkings you make with your own brain, NotLambchop's reasonable assumptions are, indeed, reasonable.

Take NotLambchop's word for it and stop acting out.

Kids these days Angry

Bravo, sir. I suppose when you have nothing else to use, it's quite pathetic to finally resort to name calling and then to follow it up with only reaffirming your "reasonable assumptions." Although that is to be expected, isn't it? You don't have anything else. It's ok though because you'll eagerly come back, type out another post to proclaim your ill-conceived thoughts, tack on some mild insult, and take false comfort in that what you say actually matters. Go on, we're all waiting.

I would kindly ask that you please take this debate elsewhere, thanks.
minerpumpkin
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June 01, 2014, 11:23:33 PM
 #20256

The question will be when this circle is being broken, since every batch needs to be funded. And every single one is bigger than the last one, yet sells for less (difficulty increase). Thus, very little remains to be issued as dividends, if any. FC may very well decide to keep the income in order to ramp up for gen 4.

I expect mining/franchise dividends will begin to trickle in very soon, which would make the picture rosier while profits are being reinvested  Cool

How much do you think is going to be reinvested and how much will be paid out as dividends? According to my approximations, the income form the April batch almost exactly paid for the May batch, which in return paid for the June batch. Which may or may not pay for further batches.
My point is: The income seems to be reinvested completely into further batches.

Plans from April 21st: If we took the pretty big June batch of 80.4 PH/s (at 0.2$/GH/s it'd cost about $16m (2x the revenue of the May batch - thus it may not even be possible!!!) and forward the complete revenue to the shareholders at a price of $0.5 (probably not achievable in late June) we'd see a dividend of 0.15 BTC/share. And AM was completely out of money then.

More realistically, yet best-caseish: We spend all the money we have $8,7m and produce a June batch of 43.5 PH/s, sell those chips for 0.4$/GH/s and end up with $17.4m. At a BTC price of $700 we end up at 0.062 BTC/share. Again, AM would be out of money. If we now paid out half of the revenue, and reinvested the other half ($8.7m) we'd see 0.031 BTC/share. The newly funded batch would likely sell for a lot less and we may see an additional, say 0.025 BTC/share.
Since the difficulty is ever-increasing and the competition is ramping up as well, this can't go on forever and at some point it becomes unfeasible to continue. We also may see an increased BTC price. That being said, it seems pretty difficult to achieve anything exceeding or even approaching 0.1 BTC/share now for all of gen 3. Yet, gen 4 needs funding money as well (most likely significantly more than gen 3)

Please do your own research, though - this is no trading advice. I may be wrong or significantly off. Please feel free to rectify those calculations. When it comes to divs, they're giving me an headache, though.

What about all their inventory? I believe there were siginificant entries in the financial reports that suggest they have a lot of stocked up chips and other hardware?

No more than $8.7m enough to fund said 43.5 PH/s of the June batch.

I should have gotten into Bitcoin back in 1992...
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June 01, 2014, 11:26:07 PM
 #20257

0.2$/GH was cost for batch 1. Following batches are much less. All your calculations are way off. Wink
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June 01, 2014, 11:47:40 PM
 #20258

I'm going to assume you're very young and thus educable, rather than a differently-enabled adult.  This assumption might be unreasonable (and I'm a bit worried that it is), but noblesse oblige dictates I err on the side of kindness.  So here's ur learningz for the day:

While certain philosophers insist that reality doesn't exist outside of perception, this concept is for grownups, so don't try to think about it just yet.  While you're still young, this is all that you need to know:  When NotLambchop is reasonably sure, bet your life on it.

Unlike drool, scribbles and malformed thinkings you make with your own brain, NotLambchop's reasonable assumptions are, indeed, reasonable.

Take NotLambchop's word for it and stop acting out.

Kids these days Angry

Bravo, sir. I suppose when you have nothing else to use, it's quite pathetic to finally resort to name calling and then to follow it up with only reaffirming your "reasonable assumptions." Although that is to be expected, isn't it? You don't have anything else. It's ok though because you'll eagerly come back, type out another post to proclaim your ill-conceived thoughts, tack on some mild insult, and take false comfort in that what you say actually matters. Go on, we're all waiting.

Your reply, young man, is sadly typical of today's youth:  brash, uncouth, confrontational and yet ...so sensitive and easy to wound.  Which part of my edifying discourse offended your delicate sensibilities?

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June 01, 2014, 11:52:15 PM
 #20259

I have never seen this  information before, you made it up?
Cost was said to be $0.20   no mention of production costs going down AFAIK.
Sales prices would go down yes.


0.2$/GH was cost for batch 1. Following batches are much less. All your calculations are way off. Wink
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June 01, 2014, 11:56:38 PM
 #20260

I'm going to assume you're very young and thus educable, rather than a differently-enabled adult.  This assumption might be unreasonable (and I'm a bit worried that it is), but noblesse oblige dictates I err on the side of kindness.  So here's ur learningz for the day:

While certain philosophers insist that reality doesn't exist outside of perception, this concept is for grownups, so don't try to think about it just yet.  While you're still young, this is all that you need to know:  When NotLambchop is reasonably sure, bet your life on it.

Unlike drool, scribbles and malformed thinkings you make with your own brain, NotLambchop's reasonable assumptions are, indeed, reasonable.

Take NotLambchop's word for it and stop acting out.

Kids these days Angry

Bravo, sir. I suppose when you have nothing else to use, it's quite pathetic to finally resort to name calling and then to follow it up with only reaffirming your "reasonable assumptions." Although that is to be expected, isn't it? You don't have anything else. It's ok though because you'll eagerly come back, type out another post to proclaim your ill-conceived thoughts, tack on some mild insult, and take false comfort in that what you say actually matters. Go on, we're all waiting.

Your reply, young man, is sadly typical of today's youth:  brash, uncouth, confrontational and yet ...so sensitive and easy to wound.  Which part of my edifying discourse offended your delicate sensibilities?



 Grin Thanks for confirming that.

But I'm sure you're quickly typing something else in retort but w/e. I'm done, I had fun doing this and hope you did too. Bye!

RoadStress Sock Puppet
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