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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914427 times)
yokione
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June 02, 2014, 01:24:07 AM
 #20261

Then when we got word that the chips didn't quite spec out as well as anticipated, but we still saw 2 huge IPOs of former AM chinese shareholders still get pushed through to the public. That shouldve been the biggest red flag.

I only know of rockminer which is currently selling hardware. How exactly is this a red flag?

Quote
Everything that TAT insinuates in that chat long aligns with the narrative that AM is going to be bled out by rockminer, xtbec, and any other franchised buyer of those chips.

How exactly can AM be "bled out" by its customers?

come on, you're smart. I dont have to spell it out.


Consider any landscape where FC et al. want to wash themselves of AM's shareholders.

Please do spell it out for me. I have no idea what kind of situation you are imagining.

OK, jimmothy:

You own stock in company A, which makes widgets.
I own company A, and want to make your shares worthless.
I form company B, and form a contract to sell it my widgets at laughably low prices.
This bleeds out company A, while I get to keep all muh munyz through company B profits.

So now you know Smiley


Well, What if "I", the owner of company A, himself possesses more than 50% shares of company A? And "I" take a risk by collude with all the board members, who possess another 30% shares, only to bleed the rest 20% of the company out...
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houseofchill
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June 02, 2014, 01:28:56 AM
 #20262

Thanks Jutarul
arousedrhino
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June 02, 2014, 01:29:56 AM
 #20263

As always thanks Jutarul!
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June 02, 2014, 01:50:39 AM
 #20264

...
OK, jimmothy:

You own stock in company A, which makes widgets.
I own company A, and want to make your shares worthless.
I form company B, and form a contract to sell it my widgets at laughably low prices.
This bleeds out company A, while I get to keep all muh munyz through company B profits.

So now you know Smiley


Well, What if "I", the owner of company A, himself possesses more than 50% shares of company A? And "I" take a risk by collude with all the board members, who possess another 30% shares, only to bleed the rest 20% of the company out...

The TL;DR answer is you don't own 50% of company A, or any company.

What you do own is a few ASICMINER sharez, worth ~50% less than they used to be just a couple of days ago.  That's also bragworthy, in its own way.

Why start with outlandish hypotheticals when equally lulzy personal examples are at hand?

*Now that we're on the same page, what exactly did you wish to know?
CrazyGuy
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June 02, 2014, 02:05:41 AM
 #20265

Looking to buy direct AM shares, contact me via PM.

ASICPuppy.net ASIC Mining Hardware and Accessories - Compac F in stock!
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June 02, 2014, 02:17:12 AM
 #20266

...
OK, jimmothy:

You own stock in company A, which makes widgets.
I own company A, and want to make your shares worthless.
I form company B, and form a contract to sell it my widgets at laughably low prices.
This bleeds out company A, while I get to keep all muh munyz through company B profits.

So now you know Smiley


Well, What if "I", the owner of company A, himself possesses more than 50% shares of company A? And "I" take a risk by collude with all the board members, who possess another 30% shares, only to bleed the rest 20% of the company out...

The TL;DR answer is you don't own 50% of company A, or any company.

What you do own is a few ASICMINER sharez, worth ~50% less than they used to be just a couple of days ago.  That's also bragworthy, in its own way.

Why start with outlandish hypotheticals when equally lulzy personal examples are at hand?

*Now that we're on the same page, what exactly did you wish to know?

Sorry, I'm not English native speaker, maybe I failed to express myself clear.
What I really want to mean is: FC himself already possesses more than 50% shares of AM through BitFountain. I don't find any good reason for him to take a risk by collude with all the board members, who possess another 30% shares, only to bleed the rest 20% of the AM out.
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June 02, 2014, 02:29:53 AM
 #20267

The level of troll in this thread is too damn high.  Not that I want an eco chamber, but would anyone be for moving more thoughtful conversation and speculation elsewhere?  To where, I do not know... but it seems Goat's signature is more then accurate.

arousedrhino
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June 02, 2014, 02:37:20 AM
 #20268

The level of troll in this thread is too damn high.  Not that I want an eco chamber, but would anyone be for moving more thoughtful conversation and speculation elsewhere?  To where, I do not know... but it seems Goat's signature is more then accurate.

How about the completely sane speculation thread: https://bitcointalk.org/index.php?topic=235763.new#new
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June 02, 2014, 02:41:07 AM
 #20269

The level of troll in this thread is too damn high.  Not that I want an eco chamber, but would anyone be for moving more thoughtful conversation and speculation elsewhere?  To where, I do not know... but it seems Goat's signature is more then accurate.

How about the completely sane speculation thread: https://bitcointalk.org/index.php?topic=235763.new#new

You know things are weird when the speculation thread is the normal thread and the main thread is the one that is going bonkers Tongue

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AcoinL.L.C
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June 02, 2014, 04:21:12 AM
 #20270

Dropped from $170 to $140 in less than 3 hours. Insane. At the rate its going AM shares will be lower than $100 within the next 6 hours  Shocked
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June 02, 2014, 04:25:26 AM
 #20271

Dropped from $170 to $140 in less than 3 hours. Insane. At the rate its going AM shares will be lower than $100 within the next 6 hours  Shocked

And after the dumping of 500 shares the price nearly doubled within hours! At this rate we will be at 4btc/share within a day.
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June 02, 2014, 05:52:44 AM
 #20272

Too early to dump. The real situation has not been made clear.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
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June 02, 2014, 08:34:24 AM
 #20273

Too early to dump. The real situation has not been made clear.

Until you know how much profit do you make for each GH/s sold and how much profit do the distributors have for each GH/s sold things won't be clear.

willBTC
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June 02, 2014, 08:46:51 AM
 #20274

Too early to dump. The real situation has not been made clear.

Until you know how much profit do you make for each GH/s sold and how much profit do the distributors have for each GH/s sold things won't be clear.

As I know, per G price is 2.2RMB in china for the June's batch, but it's pre-order not for goods in stock.
link: http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

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minerpumpkin
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June 02, 2014, 08:55:14 AM
 #20275

Too early to dump. The real situation has not been made clear.

Until you know how much profit do you make for each GH/s sold and how much profit do the distributors have for each GH/s sold things won't be clear.

As I know, per G price is 2.2RMB in china for the June's batch, but it's pre-order not for goods in stock.
link: http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

About 0.35 US$ for the lazy ones Smiley
Like suggested earlier, even 0.4 $/GH/s will be difficult to achieve. As long as the estimated production costs are not that far off, AM will make a profit but can hardly issue a dividend.

I should have gotten into Bitcoin back in 1992...
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June 02, 2014, 09:10:31 AM
 #20276

I think AM should check out peershares method for distributing dividents.
Although it is in beta phase Smiley

https://storjtalk.org/index.php
storj:decentralized cloud and much more!
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June 02, 2014, 09:32:49 AM
 #20277

Too early to dump. The real situation has not been made clear.

Until you know how much profit do you make for each GH/s sold and how much profit do the distributors have for each GH/s sold things won't be clear.

As I know, per G price is 2.2RMB in china for the June's batch, but it's pre-order not for goods in stock.
link: http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

About 0.35 US$ for the lazy ones Smiley
Like suggested earlier, even 0.4 $/GH/s will be difficult to achieve. As long as the estimated production costs are not that far off, AM will make a profit but can hardly issue a dividend.

So 0.4$GH sold by the distributors? Do the distributors have a bigger profit margin than AM?

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June 02, 2014, 09:39:53 AM
 #20278

Too early to dump. The real situation has not been made clear.

Until you know how much profit do you make for each GH/s sold and how much profit do the distributors have for each GH/s sold things won't be clear.

As I know, per G price is 2.2RMB in china for the June's batch, but it's pre-order not for goods in stock.
link: http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

About 0.35 US$ for the lazy ones Smiley
Like suggested earlier, even 0.4 $/GH/s will be difficult to achieve. As long as the estimated production costs are not that far off, AM will make a profit but can hardly issue a dividend.

So 0.4$GH sold by the distributors? Do the distributors have a bigger profit margin than AM?
FC is a smart operator. It doesn't sound right that he would sell for USD$0.35.  I believed it was going to be between $0.50 and $0.99 per GH/s.

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
KS
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June 02, 2014, 09:59:50 AM
 #20279

Given the time sensitivity of this market, FC might have chosen to sell at a lower price to bring in the cash sooner in order to ramp up production faster.

Speculation is like religion. You either believe or you don't. If you don't, get out.
Whtwabbit
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June 02, 2014, 10:08:32 AM
 #20280

Given the time sensitivity of this market, FC might have chosen to sell at a lower price to bring in the cash sooner in order to ramp up production faster.

Speculation is like religion. You either believe or you don't. If you don't, get out.

Or maybe FC is trying to suffocate the comp with underpriced ghs


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