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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914361 times)
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July 06, 2014, 04:39:39 PM
 #21261

Oh, good to know, that Bitmine is child of ASICminer, now competitor with own chips and still boardmember.

With so many umbrella companies and companies divided from original ASICminer, AM seems like tunneled Swiss cheese.

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July 06, 2014, 04:58:58 PM
 #21262

I spoke with friedcat about being a franchise..and even with my extremely low power costs and large hosting space I did not see any profit.  He wants basically .2BTC per 150 GH...been buying mass ant miner S1's for less. 
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July 06, 2014, 05:27:48 PM
 #21263

He wants basically .2BTC per 150 GH...been buying mass ant miner S1's for less. 

That's only collateral?

I'm curious about how/when franchise contracts end? After a defined period of time and/or do you have to send hardware back to friedcat?

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July 06, 2014, 05:49:48 PM
 #21264

Yes that was for a deposit...leaving me with all the risk and then some.  The gear is not worth those prices unless I bought direct, but even then why would I franchise?  I do not wish to buy shares in AM just to run gear for them...oh well.  I guess if you already own shares in AM the franchise might be worth it, but definitely not to a non investor.
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July 06, 2014, 06:54:39 PM
 #21265

Yes that was for a deposit...leaving me with all the risk and then some.  The gear is not worth those prices unless I bought direct, but even then why would I franchise?  I do not wish to buy shares in AM just to run gear for them...oh well.  I guess if you already own shares in AM the franchise might be worth it, but definitely not to a non investor.

shares also yield dividends
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July 06, 2014, 06:58:03 PM
 #21266

Yes that was for a deposit...leaving me with all the risk and then some.  The gear is not worth those prices unless I bought direct, but even then why would I franchise?  I do not wish to buy shares in AM just to run gear for them...oh well.  I guess if you already own shares in AM the franchise might be worth it, but definitely not to a non investor.

shares also yield dividends

And yeah... this is a shareholder thread...   Roll Eyes 

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July 06, 2014, 07:10:38 PM
 #21267

Well what dividends?  Also I understand this is a shareholder thread...but If I were mining for AM I think that would apply to you guys...
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July 06, 2014, 07:29:49 PM
 #21268

Judging by the remarks last week and before that FC is selling for near or at cost, it seems he may have addressed the issues of past franchisers not making much of a return.  While it is unfortunate that some may not have profited, we all knew difficulty was going through the roof all the time, right?  Mining has always been a risk, a bet on the future of mining.  Anyone who got into it and did not know that... well sorry to hear that.

Seems like that 6 week deployment time is what killed things. Cutting deployment down by even 1/6 of that would have been a big difference in profit.

It will be interesting to see if the DataTank solves the deployment issue by providing a solution where all you need to do is plug it in and add the fluid.

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July 06, 2014, 10:49:05 PM
 #21269

The shares look like they are just going to be an 'deposit' for large miners in order to start franchising.  AM side companies will be making all the money.
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July 07, 2014, 02:24:26 AM
 #21270

Yes that was for a deposit...leaving me with all the risk and then some.  The gear is not worth those prices unless I bought direct, but even then why would I franchise?  I do not wish to buy shares in AM just to run gear for them...oh well.  I guess if you already own shares in AM the franchise might be worth it, but definitely not to a non investor.

Unless I'm misunderstanding something, where's the risk? Are you talking about BTC/USD risk? The gear may not be worth 0.2BTC but isn't that irrelevant since it's only a refundable deposit?

1Bs49wsYJLUP9Xcj5hPKcvub9vUAe2GF1F
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July 07, 2014, 02:36:08 AM
Last edit: July 07, 2014, 02:49:46 AM by hdbuck
 #21271

Yes that was for a deposit...leaving me with all the risk and then some.  The gear is not worth those prices unless I bought direct, but even then why would I franchise?  I do not wish to buy shares in AM just to run gear for them...oh well.  I guess if you already own shares in AM the franchise might be worth it, but definitely not to a non investor.

Unless I'm misunderstanding something, where's the risk? Are you talking about BTC/USD risk? The gear may not be worth 0.2BTC but isn't that irrelevant since it's only a refundable deposit?

seems it is a refundable deposit. i dont see why you have to pay your hardware being a franchisee.
plus S1s are 0,4BTC, which is double (for a used piece of hardware that wont ROI if not last more than 2 months: mine got burnt within that timeframe..)

edit: that makes me think, hasnt the global hashrate settle down a little @120Ph since the last 3weeks? wouldnt that be old used hardwre unplugging/breaking rate compensating for new devices out?
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July 07, 2014, 04:06:38 AM
 #21272

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!


this their official site: http://www.edentech.org.cn/

Do you think a normal commercial company would use a domain (org.cn) like this?

Why don't they show us some videos rather than only ONE blurry and small photo?

Besides, I think you might agree that PRE-order is almost means a SCAM in this industry.

btw, I have some shares of AM. That's to say, if this company do exists and is using chips from AM, it will be a good news for us all.
The sales of this company said the device was desinged by AM, they just sell it.
He also said FC will approve it tomorrow, just waiting.
Their devices are based on BE200 X-24 design. And they indeed have collaboration to us and bought a large number of BE200 chips.

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July 07, 2014, 04:29:33 AM
 #21273

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!


this their official site: http://www.edentech.org.cn/

Do you think a normal commercial company would use a domain (org.cn) like this?

Why don't they show us some videos rather than only ONE blurry and small photo?

Besides, I think you might agree that PRE-order is almost means a SCAM in this industry.

btw, I have some shares of AM. That's to say, if this company do exists and is using chips from AM, it will be a good news for us all.
The sales of this company said the device was desinged by AM, they just sell it.
He also said FC will approve it tomorrow, just waiting.
Their devices are based on BE200 X-24 design. And they indeed have collaboration to us and bought a large number of BE200 chips.
Smiley FC is coming, where is dividends?
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July 07, 2014, 04:48:10 AM
 #21274

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!


this their official site: http://www.edentech.org.cn/

Do you think a normal commercial company would use a domain (org.cn) like this?

Why don't they show us some videos rather than only ONE blurry and small photo?

Besides, I think you might agree that PRE-order is almost means a SCAM in this industry.

btw, I have some shares of AM. That's to say, if this company do exists and is using chips from AM, it will be a good news for us all.
The sales of this company said the device was desinged by AM, they just sell it.
He also said FC will approve it tomorrow, just waiting.
Their devices are based on BE200 X-24 design. And they indeed have collaboration to us and bought a large number of BE200 chips.

  While you all were sleeping.....  Grin
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July 07, 2014, 04:49:43 AM
 #21275

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!


this their official site: http://www.edentech.org.cn/

Do you think a normal commercial company would use a domain (org.cn) like this?

Why don't they show us some videos rather than only ONE blurry and small photo?

Besides, I think you might agree that PRE-order is almost means a SCAM in this industry.

btw, I have some shares of AM. That's to say, if this company do exists and is using chips from AM, it will be a good news for us all.
The sales of this company said the device was desinged by AM, they just sell it.
He also said FC will approve it tomorrow, just waiting.
Their devices are based on BE200 X-24 design. And they indeed have collaboration to us and bought a large number of BE200 chips.

This is great news.  Another confirmed company that has purchased BE200 chips.
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July 07, 2014, 04:51:30 AM
 #21276

This is great news.  Another confirmed company that has purchased BE200 chips.

So chips are being sold, but the dividends are still missing.

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July 07, 2014, 04:53:46 AM
 #21277

This is great news.  Another confirmed company that has purchased BE200 chips.

So chips are being sold, but the dividends are still missing.

True.  But sales lead to dividends in the future.

Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%.  The 'glory days' of huge dividends are over.  I'll have to dig for that post.
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July 07, 2014, 06:16:13 AM
 #21278

Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%.  The 'glory days' of huge dividends are over.  I'll have to dig for that post.

That doesn't make much sense.  It's up to the market to price the shares, which will determine their yield percentage.  Targeting a particular rate of yield is not something FC can control unless he can set the share price.

In general, yield will be high when there is not much expected future growth.  Yield will be low when the market is expecting future growth in dividends.
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July 07, 2014, 06:49:25 AM
 #21279

Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%.  The 'glory days' of huge dividends are over.  I'll have to dig for that post.

That doesn't make much sense.  It's up to the market to price the shares, which will determine their yield percentage.  Targeting a particular rate of yield is not something FC can control unless he can set the share price.

In general, yield will be high when there is not much expected future growth.  Yield will be low when the market is expecting future growth in dividends.

I suppose growth would have been a better word.
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July 07, 2014, 06:50:19 AM
 #21280

Friedcat said a few months ago that he would like AM to achieve an annual yield of 5-15%.  The 'glory days' of huge dividends are over.  I'll have to dig for that post.

That doesn't make much sense.  It's up to the market to price the shares, which will determine their yield percentage.  Targeting a particular rate of yield is not something FC can control unless he can set the share price.

In general, yield will be high when there is not much expected future growth.  Yield will be low when the market is expecting future growth in dividends.

Look up when exactly FC wrote that and think that he intended to maintain divs at 5-15% a year.

Will take me a while to climb up again, But where is a will, there is a way...
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