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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914427 times)
Ozziecoin
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June 03, 2014, 12:32:19 PM
 #20361


I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month.
Not a bad business plan if you ask me.
This makes sense to me. People selling now are panic merchants.

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willBTC
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June 03, 2014, 01:08:53 PM
 #20362


I've never seen so much misinformation in one post.

Who exactly will be using these chips other than miners?

Our "dividends" were turned in to wafers worth 2.5 times their cost.

The earnings were not spent on development.

The profit margin might be reducing but it won't be below $0.3/gh.

AM just doubled assets per share in one month.
Not a bad business plan if you ask me.
This makes sense to me. People selling now are panic merchants.

But the price for June's batch is 0.35$ per G for sure.

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ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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jimmothy
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June 03, 2014, 01:17:40 PM
 #20363

But the price for June's batch is 0.35$ per G for sure.

Source?
hdbuck
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June 03, 2014, 01:20:47 PM
 #20364

But the price for June's batch is 0.35$ per G for sure.

Source?

At this point plz stop extrapolating prices. Its obvious We know nothing for keeping competitive advantages. Believe or leave.
willBTC
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June 03, 2014, 01:33:38 PM
 #20365

But the price for June's batch is 0.35$ per G for sure.

Source?
http://www.cybtc.com/forum.php?mod=viewthread&tid=7951&highlight=%E7%83%A4%E7%8C%AB

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ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Blazed
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June 03, 2014, 01:36:59 PM
 #20366

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.
spartan82
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June 03, 2014, 01:57:06 PM
 #20367

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.
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June 03, 2014, 02:15:32 PM
 #20368

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.
minerpumpkin
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June 03, 2014, 02:19:09 PM
 #20369

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

That's about the financial reports.

I should have gotten into Bitcoin back in 1992...
spartan82
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June 03, 2014, 02:22:32 PM
 #20370

What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

Yep that's what I read, and obviously I misread that as that relates to the financial reports and not the 20 questions.. My bad. Would have been nice to hear these answers directly from FC
atx.btc
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June 03, 2014, 02:43:28 PM
 #20371

Speculation in regards to recent increase in btc price (30%?) and using hardware to mine...

This could be a huge boost in hardware sales, enabling us to sell as much hardware as possible in fiat (since we need that anyway to pay foundry, plus must price in fiat in china anyway) and then use extra chips to mine with. This will lower the cost of exchanging fiat --> btc & btc --> fiat since FC would only have to exchange the difference needed for bills/divs. Fiat could possibly pay power bills on mine, possibly leaving all mined btc for divs.

Also, in regards to:
What blows my mind is the fact he will not address the investors directly... No one is that busy that they can not take 5 minutes and post some info to the people who funded his company.

I could have sworn I read somewhere that FC will be addressing us directly with some information in an upcoming update but I can't seem to find it in all this commotion.

Maybe you mean this:

Gentlemen,

don't get carried away by speculating on the quality of communication by friedcat. As pointed out multiple times, due to the nature of the operation there is little incentive to do extensive IR, other than the necessary accounting and communication through shareholder representatives (board). Instead the focus is on the core business. Friedcat decided to not pass the statements by the board first, but instead releasing them to the public directly.

Not 100% sure this is in regards to the 20 questions forwarded to him.

Yep that's what I read, and obviously I misread that as that relates to the financial reports and not the 20 questions.. My bad. Would have been nice to hear these answers directly from FC

I highly doubt FC cares too much about this thread at this point... between the cry babies throwing a fit about divs, the incredible about of FUD, and people outright slandering him is flat out disgusting. I can barely stand to be on this fucking thread with all of the idiocy flying around. Someone credible (Jutarul, minerpumpkin, etc...) should start a moderated thread where anything off-topic or non-serious is deleted. I'm not against hearing negative news, but I am against Spondoolies fanboys cluttering up this thread arguing with AM fanboys over who is better.
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June 03, 2014, 02:55:23 PM
 #20372

I was just trying to find out why would FC settle for ~0.2$/Gh profit when I think that he could get more. If hashratio has the same 0.2$/Gh profit then doesn't that mean that by producing his own miners FC could get at least 0.4$/Gh as profit?

It is $0.3/gh profit.

And a few reasons why they wouldn't want to sell complete miners would be because it would require tons of extra funds/manpower, and it also creates a situation where AM is directly competing with it's partners.

It's much easier to just ship out chips and let the asic builders tear eachother apart.

Also there is no way AM would have been able to produce anywhere near 8ph worth of complete miners in a month.

I haven't read the reports, but I some people suggested that production cost is 0.2$/GH and they sold for 0.4$/GH. Only one version is the correct one. Which one is it?

Why not build miners the same as his distributors and sell them for the same price? They have the capacity since they did it in the past. Why have miners on the market in July from them when you could have direct miners from AM in June? Not maximizing profits again.

Well, it's common that old products are sold until there is no market anymore.
It seems like there is still a market for mining companies that do not deliver/fulfill (orders/promises).
I would not bet on FC anymore. Who knows what he's doing actually?

Are there any people who actually know what's going on in the company? (besides FC ofc)

I've never seen so much misinformation in one post.
Who exactly will be using these chips other than miners?
Our "dividends" were turned in to wafers worth 2.5 times their cost.
The earnings were not spent on development.
The profit margin might be reducing but it won't be below $0.3/gh.
AM just doubled assets per share in one month. Not a bad business plan if you ask me.

Well there is misinformation in your post too don't worry. For miners who won't sell. What is the invested wafers won't sell? Back to 0 dividends again.
Proof of at least 0.3$/gh profit margin?
Doubled assets per share means nothing from nothing if you will "reinvest" next month too into wafers worth 10 times their cost.

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June 03, 2014, 02:57:10 PM
 #20373



Why not build miners the same as his distributors and sell them for the same price?

this was my initial point, but people seem clouded by other matters so much, clearly it was over the heads of most.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
bigbeninlondon
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June 03, 2014, 03:00:52 PM
 #20374

Is there a place where I can get official updates and things of that nature without having to wade through a bunch of disparate arguments, libel and general douchebagery?
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June 03, 2014, 03:01:19 PM
 #20375

But the price for June's batch is 0.35$ per G for sure.

Source?

At this point plz stop extrapolating prices. Its obvious We know nothing for keeping competitive advantages. Believe or leave.

Someone posts some info, already mentioned earlier, someone else comes along with the obligatory: "source? source?"
source is pointed out once again, and then quickly dismissed saying "stop speculating prices, beleive or leave"

Is this the hallmark of rational investors?

it's ludicrous. It's already known to those that know that this is true, in fact it may disappoint some to realise it can be found even lower. So there is a problem which hasn't been addressed.

But seems it's just not real to the investors here that don't venture beyond confines of asicminer thread and  the only replies you can have there is "+1 Jutaral" and pictures of golden tickets.


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June 03, 2014, 03:07:21 PM
 #20376

Is there a place where I can get official updates and things of that nature without having to wade through a bunch of disparate arguments, libel and general douchebagery?

- friedcat.info
- friecat's latest posts on this forum.
minerpumpkin
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June 03, 2014, 03:18:51 PM
 #20377

We've now seen sources that claim that the June batch is on sale for about $0.35 and have indicators (no proof, but it's the best we get as of now) that the most desirable batch (April) also hasn't achieved more than $0.5. This is a call for everyone to do some calculations and present us a founded conjecture what dividends can be expected. Just for the sake of an objective argument.

I used to be very bullish as well, but do acknowledge that the expectations and numbers from January (0.35J/GH/s, March delivery, weaker competition) need to be re-evaluated. I invite you to present a calculation based on those new premises.

I should have gotten into Bitcoin back in 1992...
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June 03, 2014, 03:36:30 PM
 #20378

June batch is what 30 PH? $0.2/GH production cost, sell at $0.35 GH, leaves $0.15/GH profit. Total profit for June batch of $4.5 M. Assume half of that gets reinvested in future batches/gen 4 (as has all the money from prior months). That leaves $2.25 M. At $650/ BTC, that's ~3500 bitcoins, which comes out to 0.00875 btc per share. I dunno if a July batch is planned but by then the selling price will be way lower again, leaving little profit if any.

So about 0.01 btc per share is probably about the most total dividend one could possibly expect for now, until gen 4.
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June 03, 2014, 04:01:51 PM
 #20379

So about 0.01 btc per share is probably about the most total dividend one could possibly expect for now, until gen 4.

you forgot about selfmining and franchisees.
minerpumpkin
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June 03, 2014, 04:02:51 PM
 #20380

June batch is what 30 PH? $0.2/GH production cost, sell at $0.35 GH, leaves $0.15/GH profit. Total profit for June batch of $4.5 M. Assume half of that gets reinvested in future batches/gen 4 (as has all the money from prior months). That leaves $2.25 M. At $650/ BTC, that's ~3500 bitcoins, which comes out to 0.00875 btc per share. I dunno if a July batch is planned but by then the selling price will be way lower again, leaving little profit if any.

So about 0.01 btc per share is probably about the most total dividend one could possibly expect for now, until gen 4.

Good work! Although slightly too pessimistic, in fact!  Smiley
The June batch is supposed to be about 67 PH/s, thus costs about $13.4m. We can, in fact, pay for the batch with the revenue from the May batch. But you are right that - given a profit of $0.15/GH/s - we only make a surplus of $10.05m (revenue of $23.45m - production cost of $13.4m). If we paid that out in total, we'd get 0.0386 BTC/share. If we reinvested half of the profits, we'd be at 0.0193 BTC/share.
If we reinvested half of the total revenue, we'd be at 0.0225 BTC/share. The key is to find the sweet spot.

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