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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914313 times)
Satan666
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July 24, 2014, 11:09:04 AM
 #21561

come on Friedcat, give us something. the silence is breeding paranoia in here.
He's too busy.  I think what we need is a good old-fashioned pep rally. Come on guys, where's your team spirit? Smiley
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discobean
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July 24, 2014, 11:36:56 AM
 #21562

Got over 200 shares and i will wait for gen 4 if necessary

If you sell now and buy back in next week you will have 400
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July 24, 2014, 11:38:21 AM
Last edit: July 24, 2014, 12:12:19 PM by hdbuck
 #21563

Got over 200 shares and i will wait for gen 4 if necessary

If you sell now and buy back in next week you will have 400

nahh im not gambling, im here for the long haul, just hodling like bitcoins until the next bubble. but i still buy couple shares once in a while at these prices thx Wink

Come on guys, where's your team spirit? Smiley

thats the spirit! come on FC! AM roxx! Smiley
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July 24, 2014, 12:44:40 PM
 #21564


That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it.


4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month.

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.

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July 24, 2014, 01:41:20 PM
 #21565


That train has sailed as AM doesn't have the money and the deployment capabilities to deploy a big scale self mining operation. FC could do it right as soon as he had chips in hand, but he didn't do it.


4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month.

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.


ALZHMINER: Entering the Future by Forgetting the Past
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July 24, 2014, 01:43:17 PM
 #21566

Disclaimer: previous AM shareholder, not a current shareholder.

I kind of think that sums the whole situation up for a lot of people. And I believe it's not the worst idea to still sell - even now.

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July 24, 2014, 01:45:11 PM
 #21567

Yes this is a good time too sell


:disclaimer: I am a troll


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Monero
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July 24, 2014, 02:14:20 PM
 #21568

...
nahh im not gambling, im here for the long haul, just hodling like bitcoins until the next bubble. but i still buy couple shares once in a while at these prices thx Wink
...

Wouldn't expect too many bubbles.
Unless friedcat trolls you with some news, that is.  If I was him, I'd experiment.  Post my shoe size or my favorite pone and watch for ~10% up-blip.  Not quite "bubble" territory, but still lel...

bitsalame
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July 24, 2014, 02:50:45 PM
 #21569

Yes this is a good time too sell


:disclaimer: I am a troll

Which means, it is the time to buy.

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett
mem
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July 24, 2014, 03:20:57 PM
 #21570

Come on guys, where's your team spirit? Smiley

thats the spirit! come on FC! AM roxx! Smiley

Still a fan, for a start up they have done incredible and nothing short of it.
Im hopeful but not a believer having sold the bulk of my shares @ 4.5, then 2.5, then a few at 0.5 and finally all but 5 at 0.2-0.25.
Having been watching the "news" for some time and its been unimpressive so no reason to hold (for me) but I idly speculate still and would likely rebuy some if I saw promise in any future announcements.

Why do I suspect ghash.io+bitfury retain a large amount of hashing power ?
(warning please done tinfoil hats and suspend disbelief):

Ever since the decline of AM's hash % from 30 to 10, then 1% the hash rate of the ghash.io pool steadily rose to achieve first 30% then finally 50%+ (after which point mining on their own private pool would endanger their own profitability) with the difficulty spiking insanely, FC deployed as much as the DC could take OC'ing all gen1 chips and was still unable to maintain an edge.
Thanks to this move, they also managed to destroy any chance of a profitable gen3 farm for AM simply by being able to calculate from the available specs FC predicted by raising the difficulty past the point of these chips easily/ever achieving ROI.
As a follow on move, they destroyed the expected capital of gen3 there for knee capping their main competitor at the time.
Currently I believe they maintain as much hash ratio as they can without damaging their own immediate profit, as a side benift this also wards of future investors whose risk vs return raises drastically.
Finally I believe a company as aggressive (and with 0 regard for the community) as ghash+bitfury would be smart enough to invest their profits in future chips to ensure they can deploy the moment an opponent attempts to spike the global hash rate by more than 1% (ensuring the competitor cannot achieve ROI).

(tinfoil hat off now).

so if your a bit paranoid from what has been observed from the last ~8 months performance like myself you would have little confidence in AM atm.

My one consideration is that FC is trying for a hail Mary shot where he remains silent about specs then bulk deploys via his franchise blowing ghash+bitfury out the water entirely (ie go nuclear with the hash rate). If anyone at all in the bitcoin community is capable of attempting and achieving some sort of success with this method it would be FC.

Satan666
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July 24, 2014, 03:23:28 PM
 #21571

Come on guys, where's your team spirit? Smiley

thats the spirit! come on FC! AM roxx! Smiley

That's what I'm talking about.  Let's take our minds off of the trading over at Havelock and learn a new cheer while we're waiting for the dividends to start rolling in again.  Smiley

Get fired up! Everybody, let's get fired up!
HarmonLi
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July 24, 2014, 03:37:24 PM
 #21572

Humpty Dumpty dumped into the wall and brought AM's price to fall. All AM's ASICs and FC's immersion tanks couldn't push it back up  Cry

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July 24, 2014, 04:15:25 PM
 #21573

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett
Still not a good reason to buy junk.

Not implying AM is junk, but using such a catchphrase without turning the brain on is quite dangerous.

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July 24, 2014, 06:24:05 PM
Last edit: July 24, 2014, 08:18:35 PM by trek27
 #21574

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett
Still not a good reason to buy junk.

Not implying AM is junk, but using such a catchphrase without turning the brain on is quite dangerous.


Sure, AM needs more than dismal mood - it needs real turnaround (or signs of it).

Though current desperation among at least a part of shareholders makes it a bit more interesting speculation on possible turnaround.
I have no idea if the turnaround materializes - maybe quasi-failure of gen3 persists? But then gen4 should not be that far away.
FC's track record goes for, fierce and merciless competition against.
Lincoln6Echo
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July 24, 2014, 06:55:29 PM
 #21575

@ Jutural: Is a boardmember meeting planed in near future?
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July 24, 2014, 10:22:02 PM
 #21576

Interesting to see that these prices are considered to be cheap, that over 800 shares may change hands. Bold bids!
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July 24, 2014, 10:54:51 PM
 #21577

Interesting to see that these prices are considered to be cheap, that over 800 shares may change hands. Bold bids!

I guarantee MANY more have been changing hands off exchange. When I do the next dividend spreadsheet update, I'll include a sheet showing those addresses picking up / dumping shares.
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July 25, 2014, 02:40:38 AM
 #21578

My one consideration is that FC is trying for a hail Mary shot where he remains silent about specs then bulk deploys via his franchise blowing ghash+bitfury out the water entirely (ie go nuclear with the hash rate). If anyone at all in the bitcoin community is capable of attempting and achieving some sort of success with this method it would be FC.

AMEN. Cheesy
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July 25, 2014, 03:48:06 AM
Last edit: July 25, 2014, 04:27:12 AM by szmarco
 #21579

Interesting

FC registered an ID on weibo.com(twitter in china) today.
and he announced there would be a salon in shenzhen on Aug. 2

Source :http://ww4.sinaimg.cn/bmiddle/005FAMYdgw1eiosv54ybtj30c822fdqj.jpg
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July 25, 2014, 04:01:44 AM
 #21580

I guess the BE200 chip is not sold well.
AM needs to promote sales
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