ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jdany]

From what I recall...

1/3 of sales would be retained for Gen4 production.
2/3 of sales would be "aggressively" paid to investors.

If AM still hasn't overcome red ink - does that mean less than 1/3 of the Gen3 chips were sold?

Plan A was sell chips to manufacturers.
But, there was less demand than expected.

Plan B was to sell what chips it could.  Start self mining.  Produce hardware.

Plan C was to sell what it could, self mine, produce products, and start a cloud mining business.

As you work your way down those plans, I can see eroding some margin, but I'm wondering what kind of profit  to expect when we flush through the rest of BE200 chips.

[RoadStress]

I never said you were selling anything or working for SP. You made a comment regarding AM's chip efficiency, I made a comparison against the HW being sold by the vendor in you affiliate link (where i presume if you collect enough orders you get something, but that's none of my business), but you say you cannot comment...... okay 

You can make any comparisons that you want. It will not change chip's efficiency!

And since you care so much about my affiliate link then you should know that I only get their standard affiliate rate which is 5%. Feel free to sign up too

[Dexter770221]

Plan A was sell chips to manufacturers.
But, there was less demand than expected.

I wonder why....
I was interested in sample chips since day 0... No response....
Don't expect to order milions of chips if there is so many unknows....

[ZephramC]

It would be nice if recent announcements from friedcat (and other official info) are linked from (updated) first thread post.

[chairforce1]

This confuses me. Can someone help me out?

The profits are kept for Prismas and BE300, as we know,there are lots of BE200 that are waiting to be produced to mining devices,and this needs money.

Does this mean the profits from these two items are kept for share holders?

Or

Does this mean the profits from these two items are kept to invest back into the company?

It would make sense that profits from the Prisma could be used to put BE200 chips into more Prismas. It does not make sense that profits from BE300 would be used for this. Therefore I would think the Prisma a signal that BE200 chips will be profitable from this point on, thus AM should start to be cash positive in the coming weeks. The selling of hardware through hosting should contribute to these profits.

RIGHT?

PS - Can the stupid pissing matches between hardware brand loyalists stop? Emotions can paint an ugly picture.

[Blazed]

Sounds like profits are going into building more Prisma miners. Gen 3 went pretty bad in all aspects from his post. Seems pretty obvious no divs untill after gen 4 is live...assuming it doesn't turn out like gen2 and gen3.  Sounds like they have a pile of chips that may or may not be good..

I am amazed the price has not dropped yet..sell shares and buy back next year before gen 4?

[chairforce1]

I am amazed the price has not dropped yet..sell shares and buy back next year before gen 4?

It is comes down to whether you bet on black or red. If you sell out you are gambling that nothing happens before gen 4 is out. If you stay in you are gambling that some random positive event will happen.

How far do you think the price can go? What is your target buy in price?

[arousedrhino]

From what I recall...

1/3 of sales would be retained for Gen4 production.
2/3 of sales would be "aggressively" paid to investors.

Friedcat has never stated that 2/3 of sales would be "aggressively" paid to investors. That was just something a board member mentioned, and now since we all took his words as FC's he barely posts anymore. Please prove me wrong, I would love to see the quote of Friedcat saying that.

[arousedrhino]

It would be nice if recent announcements from friedcat (and other official info) are linked from (updated) first thread post.

Just look at his post history:
https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPosts

[jdany]

From what I recall...

1/3 of sales would be retained for Gen4 production.
2/3 of sales would be "aggressively" paid to investors.

Friedcat has never stated that 2/3 of sales would be "aggressively" paid to investors. That was just something a board member mentioned, and now since we all took his words as FC's he barely posts anymore. Please prove me wrong, I would love to see the quote of Friedcat saying that.

I guess the "aggressively" part was added - but the 1/3 & 2/3 was the math and prediction.

-----
9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.
----

15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
Both. 1/3 as forecasted.
----

[VolanicEruptor]

friedcat do you feel the BE300 is already highly optimized (minus futher undervolting tests) enough to not make revisions to the chip/package etc itself?

Would you also be able to elaborate more on the operations side relating to DataTank or even AMHASH?

Any chance of an estimated date for financials?

Not surprised one bit..
Seeing him actually post in here was as rare as watching a solar eclipse.  It came, and went.. and now it's over.  Half of us are still staring at the sun, in awe of what happened as we slowly blind ourselves into an even deeper state of stupidity.  

Meanwhile, Havelock enters the scene and is all like "omg FC talks and we crash!" as we watch about 40 shares trade hands, probably by havelock themselves.  same old story again and again.

[havelock]

378 units of AM traded today. None by us!

Between the new IPO and FC plus other daily divs going out the system db became sluggish.

[arousedrhino]

From what I recall...

1/3 of sales would be retained for Gen4 production.
2/3 of sales would be "aggressively" paid to investors.

Friedcat has never stated that 2/3 of sales would be "aggressively" paid to investors. That was just something a board member mentioned, and now since we all took his words as FC's he barely posts anymore. Please prove me wrong, I would love to see the quote of Friedcat saying that.

I guess the "aggressively" part was added - but the 1/3 & 2/3 was the math and prediction.

-----
9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.
----

15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
Both. 1/3 as forecasted.
----

Ohh ya, nice catch! I forgot about his response to that question. I guess he sorta said it then by saying that is still actual.

[kingcrimson]

The writings on the wall, there is no way in hell the stock will do anything but tank, it will offer zero value for the next 8 months. Then yet another unforeseen issue will pop up. Good luck all.

[VolanicEruptor]

378 units of AM traded today. None by us!

Between the new IPO and FC plus other daily divs going out the system db became sluggish.

why don't you fix your system? every time a squirrel pisses on a twig, your server gets overloaded.  It reminds me of why i stopped playing with this garbage 6 months ago.. nobody is reliable anymore.

[Puppet]

I am amazed the price has not dropped yet..

It did drop considerably, only long before you and I found out the reasons why. AM1 traded 3x higher 2 months ago.
There is no chance in hell none of the shareholders had access to much of this information through contacts with OEMs or others.

[rockxie]

The reason why we started AMHhash project is based on factors below:

For Investors:

1 Most of customers's electricity is not cheap enough for mining right now and AM find the right place to deploy.

2 Shipping to oversea from China cost too much(almost 1/4~1/3 in total).

3 Most of customers don't have enough time and technical skill to deploy large quantities miners in short time.

So buying AMHash is better than buying mining devices if you want to invest bitcoin mining industry.

For AM shareholders:

1 AM has lots of BE200s in stock,if we can't convert them to devices asap in their life time,these chips will be nothing,then it will be a big loss.Obviously,In the present case AMHash is the best choice for AM to sell large quantities chips and devices.

2 Cloud Mining is trend for bitcoin mining in future. If AMHash1 is successful, BE300 also can be benefit from this project.

3 Only if AM make profits,dividends is possible.

[Mabsark]

The writings on the wall, there is no way in hell the stock will do anything but tank, it will offer zero value for the next 8 months.

That is complete bullshit. Gen 4 tape-out occurred on September 16 and FC is expecting Gen 4 chips for testing around December 16. That's less than 2 months from now. Mass-production of Gen 4 is expected to occur in February/March. That's 4 months for mass production of gen 4, not 8.

Do you honestly think that the share price will not rise will in December if the chips pass the tests or that it wont rise with the mass production of gen 4?

Then yet another unforeseen issue will pop up. Good luck all.

If you think the price is going to continue to drop then you don't need to spread half-arsed FUD. Just sell your shares and stop posting here.

[kingcrimson]

The writings on the wall, there is no way in hell the stock will do anything but tank, it will offer zero value for the next 8 months.

That is complete bullshit. Gen 4 tape-out occurred on September 16 and FC is expecting Gen 4 chips for testing around December 16. That's less than 2 months from now. Mass-production of Gen 4 is expected to occur in February/March. That's 4 months for mass production of gen 4, not 8.

Do you honestly think that the share price will not rise will in December if the chips pass the tests or that it wont rise with the mass production of gen 4?

Then yet another unforeseen issue will pop up. Good luck all.

If you think the price is going to continue to drop then you don't need to spread half-arsed FUD. Just sell your shares and stop posting here.

If G3 failed why do we expect G4 to succeed? Both are just a lot of talk. It is just empty promises, lies, failings, then new promises, and new, different failings. Same cycle over and over again.

Honestly. It is very common in businesses and start-ups. People knock bitcoin stocks but the percentage is probably the same failure in real businesses and start-ups. Point being. AM's early success was an insane fluke that will never be repeated.

[btcbot]

The reason why we started AMHhash project is based on factors below:

For Investors:

1 Most of customers's electricity is not cheap enough for mining right now and AM find the right place to deploy.

2 Shipping to oversea from China cost too much(almost 1/4~1/3 in total).

3 Most of customers don't have enough time and technical skill to deploy large quantities miners in short time.

So buying AMHash is better than buying mining devices if you want to invest bitcoin mining industry.

For AM shareholders:

1 AM has lots of BE200s in stock,if we can't convert them to devices asap in their life time,these chips will be nothing,then it will be a big loss.Obviously,In the present case AMHash is the best choice for AM to sell large quantities chips and devices.

2 Cloud Mining is trend for bitcoin mining in future. If AMHash1 is successful, BE300 also can be benefit from this project.

3 Only if AM make profits,dividends is possible.

Thanks for the update, Rockxie... I'm sure I'm not just speaking for myself when I say that we all appreciate the long hours all AM employees and partners are putting into this.