ASICMINER: Entering the Future of ASIC Mining by Inventing It

[aahzmundus]

I agree it does look like two R3's held together with duct tape some metal.

http://www.bitell.com/index.php/archives/2004/

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[Mabsark]

Here hope this shuts you up now...why would I make up some formula like that..

Yes, that's all I asked for.

What he said was true, but the world doesn't owe you evidence buddy.  Either believe it or not, but please don't be one of the many paranoid jack asses calling everyone a liar on here.     You were wrong about your suppositions here, how often are you wrong like this when you presume - and what will you do the next time around?  (hint: stfu)

I didn't call him a liar and what was I supposed to be wrong about? I didn't say he was wrong, I simply asked for proof because there's too many people spreading lies in this thread for whatever reason. What will I do next time someone makes a claim and attributes it to friedcat without any evidence? I'll ask them to provide evidence. Everyone should do that, it's just common sense. You may be gullible enough to believe every word of a random stranger on the Internet without any proof whatsoever, but I'm not.

[Franktank]

For those that utilize Twitter:

Allied Control (Link)/DataTank (Link)
BTC Garden (Link)
LightningASIC (Link)
XBTec (Link)
ROCKMiner (Link)

Note that for those who are keen of being anonymous, you won't be able to use the "Follow" feature but those are the links for updates of AM OEMs. Some tend to post more often then others.

[chriswilmer]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

[JoTheKhan]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

Rumors of selling at cost a long with FC saying Divs will come out when the company is cash positive does not give off a very bullish feeling.

[Chris_Sabian]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

Rumors of selling at cost a long with FC saying Divs will come out when the company is cash positive does not give off a very bullish feeling.

But the only person to my knowledge who was saying that FC as selling at cost was the CEO of Spondoolies-Tech...  That source, since they are a competitor to AM, isn't reliable.

[aahzmundus]

I'm starting to think a good number of the rumors of selling chips at cost were people confusing franchise deals.  Translating things back and forth into Chinese has always, and will always cause a bit of confusion.

[User705]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

Was there a minimum amount of devices?  What about shipping costs?

[bitdude]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

But not necessarily because these are not good news, possibly because people are nervous about the dividends.

[freedomno1]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

But not necessarily because these are not good news, possibly because people are nervous about the dividends.

Sounds about right its more or less the market will start waking up when dividend payments are out and its sleepy hollow in the intermin.
You know try and find some yield while you wait logic.

[bobboooiie]

How often are financials released? quarterly ?

[cs54]

How often are financials released? quarterly ?

It's whatever

[jdany]

How often are financials released? quarterly ?

It's whatever

Man, when you put it like that...

[JoTheKhan]

It's now been a little over a month since FC stated that the amount of chips we currently had would last is about a little over a month. I wonder if we did another run and gained more chips, it seems that they are being put to good use. I'm a little curious. I hope we did.

[jdany]

I know this isn't the speculation thread, but since there isn't a chance of ruining regular conversation, here's my thoughts;
I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

A "Nope, not sold out yet." response would be devastating.
But, I don't think that's why we haven't heard back from him.
I'm not usually a very patient person, but in this case, this company has always under promised and over-delivered.
Sine I've never been wrong about them, I'm going to assume they are planning a major over-delivery, and I'll give 'em all the space they need to do it.

I just hope they do it soon... 

[bitcoin.newsfeed]

I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

He doesn't need to answer every question, but nothing at all? Unacceptable!

A "Nope, not sold out yet." response would be devastating.

Why? Better than nothing.

...this company has always under promised and over-delivered.

Like with gen2 performance? Like with gen3 performance? Like with blockchain based exchange? Like with maintaining 10% of network share? Like with dedicated PR person? I can continue if you want... this company is long time after "under promised and over-delivered" period.

I just hope they do it soon... 

Yeah, sure ... Hope & Believe™

[michaelGedi]

- to expect such a swift response as last time to the questions this time is to fail to realise we are in a different context now.

- friedcat made an effort to answer quickly last time as something was up... ie general discontent in the shareholders from top to bottom and a crashing share price. At this point in time, I'm happy to hope and believe that nothing is really up, just business chugging away and shareholders fingers tapping.

[KarmaShark]

It's now been a little over a month since FC stated that the amount of chips we currently had would last is about a little over a month. I wonder if we did another run and gained more chips, it seems that they are being put to good use. I'm a little curious. I hope we did.

If we assume everything is going to take as long as FC suggested, 1.5 months from the June 5th announcement brings us to July 20th. If FC has decided to do another batch with the profits from the June / July batch and it takes another 1.5 months to unload that product, we are looking at early September before we will see anything. It is hard for me to envision the company staying silent until the Fall of 2014 when they were originally forecasting to start payments in Q2.


At this point in the game, you are either In or Out. The silent orderbook on HL reinforces this reality.

[MichaelBliss]

I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

He doesn't need to answer every question, but nothing at all? Unacceptable!

A "Nope, not sold out yet." response would be devastating.

Why? Better than nothing.

...this company has always under promised and over-delivered.

Like with gen2 performance? Like with gen3 performance? Like with blockchain based exchange? Like with maintaining 10% of network share? Like with dedicated PR person? I can continue if you want... this company is long time after "under promised and over-delivered" period.

I just hope they do it soon... 

Yeah, sure ... Hope & Believe™

How the hell do we get a guy with the title "AM Bagholder" representing the shareholders and posing questions to Friedcat? In the real world, no ceo would talk to some random rude kid, just because the kid demands it.   I thought Friedcat was extremely kind to answer his initial questions to begin with, given newsfeed.dude's obviously hostile and rude tone.   Now he feels entitled to questions answered every month - when did Friedcat agree to that part???   Anyway is it even in AM's best interest to satisfy this rude questioner's curiosity?   How old are you panicking people anyway?  So much supposition, assumption, jumping to conclusions - from bagholder and others here; is this a result of the crystal meth epidemic I've been reading so much about lately?

[NotLambchop]

... In the real world, no ceo would talk to some random rude kid, just because the kid demands it...

1.  IRL CEO don't solicit money from "random rude kid[ s]."
2.  IRL CEO have PR people to field the questions of "random rude kid[ s]."

TL;DR:  This ain't IRL.