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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914350 times)
jjdub7
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June 28, 2014, 08:20:10 AM
 #21161

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...
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June 28, 2014, 02:29:27 PM
 #21162

Quote
10p franchising equals at least 0.3BTC per share.

Is this before or after expenses?

After the expenses .  I am assuming the expenses take part 50% of mining revenue, and the total network hashrate is 200P .

Are you sure you are talking about divs and not share price? Because that means we are looking at 1.5BTC share price @ 20% Yield!

Care to share more specific calculations?

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June 28, 2014, 05:12:54 PM
 #21163

Next round of shareholders questions July 2014 - gathering

Dear shareholders,

we've gathered 10 questions so far, still 2days until forwarding them to Friedcat. If you want to add something, don't hesitate to write it here, or in PM. Closing time for this round of questions is 29th of June 2014 12:00 UTC +01:00

*The closing time was moved because of practical reasons

Quote
1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

10) Personal question from shareholder freedomno1 : 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.

I was wondering if AM has any stock repurchase plan for now or in the future giving the stock price is keep falling. Thank you!
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June 28, 2014, 06:32:57 PM
 #21164

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...

But they are fractional shares which is why they trade at a lower price.

You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.

If you get rid of the AM 100 then there would only be one stock to trade so the share price would be more accurate. Instead people put a slight premium on the AM 1 shares due to the factors above.

I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.

If my AM 1 shares were converted to AM 100 shares I would sell them immediately or transfer them off of HL to direct shares.

Its fine to have the AM 100 shares but I don't get why some want to get rid of the AM 1 shares other than to improve liquidity. If FC splits the stock to AM 100 shares then I would be all for it, but he will likely not do that since he would have to deal with more transfer requests. 
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June 28, 2014, 07:53:50 PM
Last edit: June 28, 2014, 09:14:12 PM by Fordee
 #21165

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...

I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.


 Right now,  if you sold 15 direct shares, you could pick up 1800 AM100's,..    a 20% increase in holdings... minus 5% div difference for a net gain of 15% on your money... for anyone doing long term holding and waiting for div's, this is a no-brainer.

 EDIT:   And....Sold.

 If you're here to speculate on a huge increase in share value when div's start rolling, then you still have the equivalent of 3 extra shares

  * if you are worried about havelock disappearing then go direct or go home. You shouldn't be on the exchange.

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June 28, 2014, 08:11:11 PM
 #21166


You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.


Havelock's not the only place that sells fractional AM shares..   

https://796.com/asicminer?op=market

I can see an advantage to one asset, I don't see a downside of having two assets either..     If Google had fractional shares, perhaps I could afford some of those in real life as well...   Fractionals have their benefits.

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June 29, 2014, 02:41:41 AM
 #21167

I like the ability to convert my shares to direct shares.  To me it would be a major detractor have something that is only valuable on a single platform, such as Havelock.  Don't get me wrong, I like Havelock, but it's like putting all my eggs in 1 basket.

Hopefully they announce the switch in enough time for me to convert to direct before my AM1's become AM100's....
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June 29, 2014, 03:36:02 AM
 #21168

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...

I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.


 Right now,  if you sold 15 direct shares, you could pick up 1800 AM100's,..    a 20% increase in holdings... minus 5% div difference for a net gain of 15% on your money... for anyone doing long term holding and waiting for div's, this is a no-brainer.

 EDIT:   And....Sold.

 If you're here to speculate on a huge increase in share value when div's start rolling, then you still have the equivalent of 3 extra shares

  * if you are worried about havelock disappearing then go direct or go home. You shouldn't be on the exchange.



Some of us buy on Havelock until we have a # of shares and then convert them to direct. Its a lot easier to buy them on Havelock than to buy them on the forum and have to use someone as escrow not to mention you usually cannot buy a single share at a time.

I just don't want to see the AM 1's disappear from Havelock. There are those making that argument and having both AM 100's and AM 1's is valuable. Just look at our 2 distinct viewpoints on it. If there were no AM 1's on Havelock I would have to buy direct and Havelock would lose out on fees and the share count on Havelock would likely go down. Not being able to convert to direct shares is a huge downside for me.

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June 29, 2014, 03:39:16 AM
 #21169


You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.


Havelock's not the only place that sells fractional AM shares..   

https://796.com/asicminer?op=market

I can see an advantage to one asset, I don't see a downside of having two assets either..     If Google had fractional shares, perhaps I could afford some of those in real life as well...   Fractionals have their benefits.



I did know that 796 had them as well but you cannot transfer between the 2. I think its great to have the 2 different assets they both server a purpose. I just disagree with those that think AM 1 shares should be converted to AM 100 shares and that we should get rid of AM 1.
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June 29, 2014, 05:13:15 AM
 #21170

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.
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June 29, 2014, 10:00:18 AM
 #21171

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

Quote
1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Has AM any stock repurchase plan for now or in the future ?

10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

11) Personal question from shareholder freedomno1 : 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.

... Question Everything, Believe Nothing ...
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June 29, 2014, 04:41:37 PM
 #21172

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

Quote
1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Has AM any stock repurchase plan for now or in the future ?

10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

11) Personal question from shareholder freedomno1 : 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.

Thanks for submitting and taking the lead on this.
arousedrhino
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June 29, 2014, 06:08:08 PM
 #21173

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.

Wow well thats awesome, thanks for correcting me on that.
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June 29, 2014, 06:32:58 PM
 #21174

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.

That makes sense some users prefer the more liquid 1/100 asset which is easier to acquire and some people prefer the full share option and the ability to transfer to and from the exchange this option would remove that buffer and allow more liquidity in both.

.
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JoTheKhan
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June 30, 2014, 02:32:56 AM
 #21175

BTC-Garden and Rockminer (Rocket Box too) seem to be shipping now. Seems like real good news to me.
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June 30, 2014, 03:22:23 AM
 #21176

BTC-Garden and Rockminer (Rocket Box too) seem to be shipping now. Seems like real good news to me.
BTC-Garden started shipping half a month ago, it has sold more than 1PH already.
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June 30, 2014, 04:30:32 AM
 #21177

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.


Thanks for submitting them it'll be nice for everyone to know where the replacement materials can be found along with the other questions Smiley
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June 30, 2014, 07:10:39 AM
 #21178

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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June 30, 2014, 07:14:34 AM
 #21179

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...


Nothing here...  Cry
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June 30, 2014, 07:42:43 AM
 #21180

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...


Nothing here...  Cry

Oops, was payment from another old GLBSE asset I had... Assumed it was AM since none of those are paying out regularly anymore.

1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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