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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3896910 times)
chairforce1
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June 15, 2014, 08:52:21 PM
 #20801

Coming soon to Havelock Investments...

Participate in The Future of Mining:
DataTank Mining; Immersion Cooling technology in cooperation with ASICMiner.
The most efficient way to mine.

http://youtu.be/oZavKweMrP4

Stay tuned, more info in the next 48 hours.

wat

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

-Epicuru$
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raskul
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June 15, 2014, 09:04:25 PM
 #20802

Coming soon to Havelock Investments...

Participate in The Future of Mining:
DataTank Mining; Immersion Cooling technology in cooperation with ASICMiner.
The most efficient way to mine.

http://youtu.be/oZavKweMrP4

Stay tuned, more info in the next 48 hours.

wat

translation:

"We want you to give us more money before we pay you dividends on the last sum of money you gave us."

great plan.   Undecided

Here's what I see... you pay them more BTC to this, and they pay you it back as dividends from the previous crowd funded effort that you already gave them your BTC.
here's what you are allowed to give them in funding (before they pay you dividends from the previous round of begging)
1MW immersion cooling container cost over $700K, assuming heavy 3M subsidies
Extremely cheap air cooling DC cost under $150K per 1MW
it takes a lot more space, so factor in costs for floorspace...
And the PUE is 1.3-1.4
but there are indeed lots if places on this planet with cheap land and cheap electricity.

enjoy throwing your money at this one.


tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
hdbuck
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June 15, 2014, 09:08:09 PM
 #20803

Coming soon to Havelock Investments...

Participate in The Future of Mining:
DataTank Mining; Immersion Cooling technology in cooperation with ASICMiner.
The most efficient way to mine.

http://youtu.be/oZavKweMrP4

Stay tuned, more info in the next 48 hours.

wat

omg omg buy buy buy Cheesy
jimmothy
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June 15, 2014, 09:25:33 PM
 #20804

Coming soon to Havelock Investments...

Participate in The Future of Mining:
DataTank Mining; Immersion Cooling technology in cooperation with ASICMiner.
The most efficient way to mine.

http://youtu.be/oZavKweMrP4

Stay tuned, more info in the next 48 hours.

wat

translation:

"We want you to give us more money before we pay you dividends on the last sum of money you gave us."

great plan.   Undecided

enjoy throwing your money at this one.

Translation:

I am a spondoolies shill and this is a competing project

I highly doubt anyone will take advice from someone who invested in cbcm.
RoadStress
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June 15, 2014, 09:28:16 PM
 #20805

I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
jimmothy
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June 15, 2014, 09:30:48 PM
 #20806

I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

Does it matter? AM has already reached a positive ROI.

Are there any other bitcoin investments which were able to turn $2 million in to $20 million within a few months?
raskul
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June 15, 2014, 09:31:09 PM
 #20807

I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

cbcm is a startup, I am proud to help startup businesses.
ASICMiner have been doing this HOW LONG? and yet, we are going to see the begging letter on another IPO "fund this with your crowdfunding".

So.. AM either

A) Have no money

or

B) Have plenty money

which do we suppose it is?
A

or B?

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
jimmothy
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June 15, 2014, 09:35:17 PM
 #20808

cbcm is a startup, I am proud to help startup businesses.
ASICMiner have been doing this HOW LONG? and yet, we are going to see the begging letter on another IPO "fund this with your crowdfunding".

So.. AM either

A) Have no money

or

B) Have plenty money

which do we suppose it is?
A

or B?


Please point me to where you discovered that AM is running this immersion project.

CBCM is not only a startup, its a shitty overpriced startup. Anyone who took a look at the revenue forecast would know it's garbage.
RoadStress
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June 15, 2014, 09:37:36 PM
 #20809

I highly doubt anyone will take advice from someone who invested in cbcm.

When do you expect to get some dividends jimmothy?

Does it matter? AM has already reached a positive ROI.

Are there any other bitcoin investments which were able to turn $2 million in to $20 million within a few months?

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
havelock
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June 15, 2014, 09:39:31 PM
 #20810

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

jimmothy
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June 15, 2014, 09:40:27 PM
 #20811

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.
raskul
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June 15, 2014, 09:42:21 PM
 #20812

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

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jimmothy
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June 15, 2014, 09:44:48 PM
 #20813

And current dividends due will be paid out in full prior to this new crowdfunding plan?

What exactly is "dividends due"?
RoadStress
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June 15, 2014, 09:45:06 PM
 #20814

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold Smiley

H/w Hosting Directory & Reputation - https://bitcointalk.org/index.php?topic=622998.0
jimmothy
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June 15, 2014, 09:45:59 PM
 #20815

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold Smiley

No, it means that if you expect X returns within Y amount of days, you should not be an investor.
raskul
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June 15, 2014, 09:47:31 PM
 #20816

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold crowdfunded Smiley

I have been forced to rectify the text in your post Roadstress. see above, old chap.  Cool

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jimmothy
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June 15, 2014, 09:48:22 PM
 #20817

I have been forced to rectify the text in your post Roadstress. see above, old chap.  Cool

How much PH do you think this project is going to be asking to fund? Do you honestly think it is anywhere near 60?
Mabsark
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June 15, 2014, 10:09:09 PM
 #20818

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

Whether it works out or not, AM will still be paid for the chips that are used in this project. Do you think AM is just handing out free chips or something? Silly Spondoolie shill, what's it like being a cheap whore?
Satan666
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June 15, 2014, 10:10:16 PM
 #20819

Let's see how long will it take for those wafers to get sold crowdfunded Smiley

I have been forced to rectify the text in your post Roadstress. see above, old chap.  Cool

We'll take dividends any way we can get them.  Also on the plus side, DataTank will be able to buy the chips with BTC instead of fiat.  Smiley
arousedrhino
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June 15, 2014, 10:10:36 PM
 #20820

...The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements....

1) When can we expect the financial report that's supposed to coincide with the next round of dividends?
re 1) May 27.

Regarding the often quoted "aggressive dividends":
Let me take the blame here, because these are not friedcats words. Also I think there is massive confusion about what "aggressive" actually means. Thus let me remove any ambiguity by posting the text from the respective communication:

First of all, we would like to explain the situation we had in this May. The sales of chips mainly happened before May, while the ramp-up speed of chip sales slowed down mainly because of the lack of flexible whole-device solutions (having features of easy transportation, widely available components, etc) from our customers (device producers). As dedicated projects on improving the design of BE200-based devices we believe we will see much better sales because the room for hash rate growth is still huge and our cost in terms of $/G is highly competitive.

...

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?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.

Eat your words.  Smiley

Please see my earlier post where I give my opinion on the supposed part of that question. I guess you can interpret it differently but I don't take that answer as a commitment to May dividends.
https://bitcointalk.org/index.php?topic=99497.msg7331031#msg7331031

Thanks for backing up your reasoning though. I can see how you can read that it should have been May 27th, but the way I read it as one or the other was due so he had an out if he gave dividends or a financial report and he did provide the financial report.
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