ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jimmothy]

Btcgarden has sold almost 1ph in a week: https://bitcointalk.org/index.php?topic=661116.0

[1568878638]

1568878638

[1568878638]

1568878638

[arousedrhino]

While I do not have any answers to our questions, some of you do realize we could easily be another 30 days+ before we see anything out of the company? On June 5th FC's update mentioned the close to 60PH that was finishing up production. When asked how long that was from an inventory standpoint, he indicated 1 to 1.5 months from that day to sell everything plus the fiat to BTC conversion.

1.5 months from June 5th puts us around July 20th, a solid month from now. Should the company turn cash flow positive before that date then we may well see a surprise from the FC. Otherwise, a long wait may be in order so that share price can come down as far as it wants to yet. I imagine a sub-IPO price would get FC to post something, seemed to work last time the stock had a heart attack.

+1

I can only see the stock price going down over the next 1-2 months until FC posts again give how the shareholders for some reason expect twice monthly updates.

[arousedrhino]

Previous bullish me is becoming bearish about fc's 'i won't give a fuck' attitude.
 
I am tempted to make the company's (havelock-)value go down below IPO. I mean... enough is enough.

Cashflow must be positive for quite some time already. And yeah yeah... reinvestment, having to convert to BTC....

I am used to Arab and Subcontinental attitude. I also dealt a lot with Japanese. But never with Chinese, if I could avoid it. I am beginning to think that was for a reason.

Communicate ffs..!!!

I am feeling pretty cheap but cannot help it: Where are our dividends? Where are the revenues from self-mining with Gen3? Are you not able to deploy the millions of Gen3 chips we all paid for for self-mining, nor for sale!?

+1

Nicely done, you and bitcoin.newsfeed will certainly achieve that goal by setting unreasonable expectations on FC's communication which when not met will send the share price down again.

It hasn't been even a month yet and you want him to post again, when has he done that in the past?

Its not the mans job to hand hold shareholders or to communicate with them about every worry they have. I hope he doesn't read this thread on a daily basis, what a waste of time that would be.

Please make the value go below IPO, then we can all just sit back and wait. The stock will have tanked so you can stop worrying then.  That seems like the best course of action. 

[tinyfox266]

Btcgarden has sold almost 1ph in a week: https://bitcointalk.org/index.php?topic=661116.0

There are 60p in total planned to be sold, this is only a small portion.

[Satan666]

Btcgarden has sold almost 1ph in a week: https://bitcointalk.org/index.php?topic=661116.0

There are 60p in total planned to be sold, this is only a small portion.

BTC Garden is just one of AM's customers.  If 10 different customers are able to sell 1 PH per week, then 60 PH will be sold in 6 weeks.

[NotLambchop]

...
Nicely done, you and bitcoin.newsfeed will certainly achieve that goal by setting unreasonable expectations on FC's communication which when not met will send the share price down again.

It hasn't been even a month yet and you want him to post again, when has he done that in the past?

Its not the mans job to hand hold shareholders or to communicate with them about every worry they have. I hope he doesn't read this thread on a daily basis, what a waste of time that would be.

Please make the value go below IPO, then we can all just sit back and wait. The stock will have tanked so you can stop worrying then.  That seems like the best course of action.  

You don't understand how securities work.
The issuer's obligations do not end as soon as (the sum of dividends+market price) exceed (the issue price).  At least not IRL.
IRL publicly traded multimillion-dollar corporations have discovered a way to maintain investor relations without unduly encroaching on the valuable time of the senior executives.
This [yet unpatented] invention is called the PR guy.

On a more conciliatory note, I certainly see why you aren't eager to abandon your "sit back and wait" approach after it has served you so well in Active Mining.

[xhomerx10]

Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.

A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.

I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?

On a scale of 4 to 0.2 I'd have to say...



 The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.

When we talk about return of IPO price we are talking about the dividends paid out to shareholders over the lifetime of the company which has been more than the .1 BTC IPO Price. Were Not talking about the speculation ramp up that occurred last summer. If you sold your shares right now they would return 2 times the IPO price by your logic.

 That's not my logic.  I'm not sure how you get that from what I wrote.
I don't believe we can have a logical discussion about return on a share of AM without consideration for the share value except at IPO.
You're telling me that we did well at the beginning so that's a good indication for the future when the company has made some serious changes in direction.  We aren't building miners anymore - the big money is in manufacturing and selling miners and mining the Bitcoins.  Having strayed so far from the formula that made the initial returns I can't see getting my investment back even if I buy in now to lower my average buy price.  I believe it would be throwing good money after bad at this point.  That's part logic and part emotion.

In your post you stated:

......

The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.

That statement is not true is all I am pointing out. The return of the IPO price had nothing to do with speculation, it was returned via dividend payments. The stock could have traded at .1 BTC and the IPO price would have been returned via dividend payments.

The high stock price was driven by speculation but that had no effect on the dividends which were paid out that returned the original IPO price and more.

Go discuss the share value all you want, just don't try to imply that a high share price is what paid back the original IPO price, that came from dividends.

 I'm sure others are not interested in our inability to understand one another's arguments.

[hdbuck]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

[explorer]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

The only real concern related to timescale is the rise of BTC price before dividend conversion. 
   May $600 last longer than BE200 stock.  Cheers!

[CMMPro]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

Exactly...I'm so sick of the verbal diarrhea that people have here.
Babbling their fucking faces off all day long...if you aren't happy with your investment please sell it and go away.
If you are satisfied you made the right choices and calculations, stfu and wait for those investments to mature.

I don't need to see your latest cocktail napkin horseshit calculations as to why the stock price should be higher or lower...you just sound like a loser looking for other stronger people to validate the decisions you made or didn't.

Man up and stfu.

[xhomerx10]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

Exactly...I'm so sick of the verbal diarrhea that people have here.
Babbling their fucking faces off all day long...if you aren't happy with your investment please sell it and go away.
If you are satisfied you made the right choices and calculations, stfu and wait for those investments to mature.

I don't need to see your latest cocktail napkin horseshit calculations as to why the stock price should be higher or lower...you just sound like a loser looking for other stronger people to validate the decisions you made or didn't.

Man up and stfu.

 U mad bro?

[hdbuck]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

Exactly...I'm so sick of the verbal diarrhea that people have here.
Babbling their fucking faces off all day long...if you aren't happy with your investment please sell it and go away.
If you are satisfied you made the right choices and calculations, stfu and wait for those investments to mature.

I don't need to see your latest cocktail napkin horseshit calculations as to why the stock price should be higher or lower...you just sound like a loser looking for other stronger people to validate the decisions you made or didn't.

Man up and stfu.

 U mad bro?

sell or STFU. cant be that clearer.

edit: mad are those who cant help themselves whining about some bitcoin security based in china not giving weekly divs nor communicating more often.

[mc_lovin]

*sigh*

[xhomerx10]

godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

Exactly...I'm so sick of the verbal diarrhea that people have here.
Babbling their fucking faces off all day long...if you aren't happy with your investment please sell it and go away.
If you are satisfied you made the right choices and calculations, stfu and wait for those investments to mature.

I don't need to see your latest cocktail napkin horseshit calculations as to why the stock price should be higher or lower...you just sound like a loser looking for other stronger people to validate the decisions you made or didn't.

Man up and stfu.

 U mad bro?

sell or STFU. cant be that clearer.

edit: mad are those who cant help themselves whining about some bitcoin security based in china not giving weekly divs nor communicating more often.

 Actually, I would say mad is flying to Nippon to stand in front of Karpeles with a sign with the hope he would or could give back your coins.  WTF though, it was worth a try.  Also, I am of the opinion that "manning up" and "strength" have less to do with investment than the horseshit calculations and personally I would rather see the calculations than be berated for making a post.  However, I do appreciate that you have the right to speak your mind.

[freedomno1]

@jimmothy & freedomno1 : Good points, please formulate your questions

1. What is your estimated chips sold so far this month and is the production schedule still on schedule with the factories?
2. AM sells chips to multiple mining companies including Rockxie  Datatank, Bitgarden, is it possible to get some clarity on the relationships AM has with different groups possibly not including the above.
3. Regarding the Marketing arm social media and engagement
The current mining demographic is typically 96% targeted to 24-35 males
Can you make some miners for women as well to get them engaged in Bitcoin or different colors like the USB sitcks also known as diversifying your user base and markets related to my personal question.

Personal Question: Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.

[aahzmundus]

If what is keeping women out of mining, is the color of the heatsink on their miner, those women should stay out of bitcoin mining.

These kinds of efforts to bridge the gender gap are not helpful... they are just denigrating and insulting.

I also doubt FC would want to answer the other two questions, as it may give out too much information that competitively should stay non public.

[arnuschky]

If what is keeping women out of mining, is the color of the heatsink on their miner, those women should stay out of bitcoin mining.

These kinds of efforts to bridge the gender gap are not helpful... they are just denigrating and insulting.

Agree 100%. Women stay out of mining because of comments like this; the best strategy to diversifying is avoiding such comments...

[RoadStress]

If what is keeping women out of mining, is the color of the heatsink on their miner, those women should stay out of bitcoin mining.

These kinds of efforts to bridge the gender gap are not helpful... they are just denigrating and insulting.

Agree 100%. Women stay out of mining because of comments like this; the best strategy to diversifying is avoiding such comments...

But what's keeping AM from mining? They have the chips, they have the immersion cooling setup, they got everything, but there is no mining.

[raskul]

If what is keeping women out of mining, is the color of the heatsink on their miner, those women should stay out of bitcoin mining.

These kinds of efforts to bridge the gender gap are not helpful... they are just denigrating and insulting.

Agree 100%. Women stay out of mining because of comments like this; the best strategy to diversifying is avoiding such comments...

But what's keeping AM from mining? They have the chips, they have the immersion cooling setup, they got everything, but there is no mining.

if they were mining, at least there would be some sort of dividend to shareholders.

[JoTheKhan]

If what is keeping women out of mining, is the color of the heatsink on their miner, those women should stay out of bitcoin mining.

These kinds of efforts to bridge the gender gap are not helpful... they are just denigrating and insulting.

Agree 100%. Women stay out of mining because of comments like this; the best strategy to diversifying is avoiding such comments...

But what's keeping AM from mining? They have the chips, they have the immersion cooling setup, they got everything, but there is no mining.

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?

We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.