ASICMINER: Entering the Future of ASIC Mining by Inventing It

[nycgoat]

Well AM tagged it as immersion cooling on their instagram profile

They posted pictures of the indoor section too.

[binaryFate]

IMMERSION COOLING

This picture is very old. I remember it from maybe one year ago.

[rudi]

Those must be the radiators for immersion cooling.
But yes, those pictures are very old. The images of the indoor part are also very old.

[gogxmagog]

What is AM's Instagram called? I can't find anything for AM, asic miner, asicminer or friedcat.
 
And yeah, old picture is old.

[hdbuck]

What is AM's Instagram called? I can't find anything for AM, asic miner, asicminer or friedcat.
 
And yeah, old picture is old.

#Asicminerhash

[stompysteve]

What is AM's Instagram called? I can't find anything for AM, asic miner, asicminer or friedcat.
 
And yeah, old picture is old.

#Asicminerhash

http://instagram.com/asicminerhash

[TheFuneral]

Why bother bag holding AM when we can hold ASMHash which pays dividends on the equipment we paid for as shareholders?

[freedomno1]

What is AM worth?  I mean, what is the company worth... how many PH of chips did they just order, what is their mine worth, what is their IP worth? etc.  Would it be out of the question to assume $20 million USD?

If so, the share prices are currently trading way below current 'value'.  20 million USD = around .147 btc / share.

I've been in this game for a while and I honestly can't remember the last time a bitcoin company was undervalued.

It does look like an undervalued play to me as well but with consideration to when investors can expect a return or payback on their investment through dividends is what keeps it at the price range its at now.
Fundamentals look solid though but cash flow to shareholders is what keeps it back.

Although by definition based on this ONE case reinvestment as an equity booster doesn't seem to work well lol.

http://www.investopedia.com/ask/answers/135.asp
Firms have decided not to pay dividends under the principle that their reinvestment strategies will, through stock price appreciation, lead to greater returns for the investor. Thus, investors who buy stocks that do not pay dividends prefer to see these companies reinvest their earnings to fund expansion and other projects which they hope will yield greater returns via rising stock price.

Although here the opposite is occurring so guess its speculative in that sense.

[Mabsark]

Why bother bag holding AM when we can hold ASMHash which pays dividends on the equipment we paid for as shareholders?

For the exact same reasons we don't sell all our shares and purchase mining hardware.

[glendall]

 AM may be undervalued. But I think the reason for the dumps is less to do with confidence in AM as it has with instead just the general bear market we are in. Things look a bit bleak all over with usdbtc price falling, much if the alt coins get hammered, and mining dividends inexorably closing in on the break even point due to popularity and over saturation (as the protocol was designed to).

That said, AM is going to get only one more kick at the can with their next gen. Whether the company will retain its mining giant brief glory days, or fade away, is all up to those couple brains designing the mpu's right now (Mining Processing Units, not sure if I just invented that term or not )

[explorer]

Why bother bag holding AM when we can hold ASMHash which pays dividends on the equipment we paid for as shareholders?

For the exact same reasons we don't sell all our shares and purchase mining hardware.

Yeah, .07 not such an attractive selling point 

[xhomerx10]

Why bother bag holding AM when we can hold ASMHash which pays dividends on the equipment we paid for as shareholders?

  AMHash shares are not shares in ownership of the company.  The value of these shares WILL go down as difficulty goes up with a terminal point of ZERO value guaranteed.  It is simply a mining contract which ends when divs minus maintenance fees equals zero (or less) for a period of 10 days - ie shares cease to exist.
 

[teek]

AM should buy btcguild and move it.. 

[Blazed]

AM should buy btcguild and move it..  

Why would they want to buy a mining pool? Also with AM's lack of support it would not work well...when you run a pool you have to be responsive.

[teek]

AM should buy btcguild and move it..  

Why would they want to buy a mining pool? Also with AM's lack of support it would not work well...when you run a pool you have to be responsive.

Well i'm not saying FC should be running the pool himself.  

I'm not so sure about AM's "lack of support".  If people want support,  they should be going to a reseller like WTCR.ca.  

BTCguild is an established brand,  pretty much a Bitcoin staple, and would be a potential venue to sell more gear.

Pool fees offsetting operations cost.  Save pool fees on their own operations.

BTCguild becomes AM "solo" and hashrates get nice and mixed with the general public.

Half of btcguilds users probably would hardly even notice  if the migration was handled properly, things just roll on.

Maybe the current management of btcguild would consider staying on for a while?

There are other angles i'm probably not even thinking of,  that's just off the top of my head.

edit: sell cloud hashing too

[xhomerx10]

AM should buy btcguild and move it.. 

 I think that's an excellent idea!  They could use that website to sell their hashing power too in the form of physical or cloud.

[teek]

AM should buy btcguild and move it..  

Why would they want to buy a mining pool? Also with AM's lack of support it would not work well...when you run a pool you have to be responsive.

Eventually, yes.  Part of negotiations (regardless of who ends up buying the pool) will almost certainly revolve around how much time I remain involved with the pool.  Depending on the final terms, it is possible you continue to see me around for years to come in some capacity.

See,  things hardly have to even change..  now its just crunching some numbers and moving stuff around..

[drasted]

What's up with customers being ignored?

Dear AsicMiner, when are we going to recive our Prismas ?
I have tried contacting via e-mail many times but got no reply,
Thank you !

me to havn't any response for my emails 

I've emailed Phasebird a couple of times, and haven't received a reply yet (other than the initial order). I was going to wait until tomorrow, a week from their last update here in the thread, before I pinged them again.

I understand delays, but when you have them, updates are necessary. If they're waiting on a new batch of ASICs because their useful yield is too low, they're probably still waiting. But letting us know what they are waiting on, and what ETAs their suppliers have given them, would be a huge step in improving trust in a low-trust environment such as (what has now become) a pre-order.

[drasted]

regarding Prismas:

I was quite interested in these, but the lack of responses to the many questions asked here about not just the specs, but the units being delayed, shipping times & frustrated customers who have paid & get no responses to emails etc is quite off putting & disturbing. Seems like the usual pre-order nonsense to me.

I think I'll pass until some solid answers are given & units are being delivered. Good luck.

Asicminers communication is as bad as ever and is really damaging the company.

Anyone checked the asicminer website recently?
http://www.iasicminer.com/
It still looks really half-assed. The english link gets you a half translated page. If you click on the purchase link the page doesn't seem to be translated at all.

[jjdub7]

AM should buy btcguild and move it.. 

+10