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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914075 times)
Fordee
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November 12, 2014, 05:34:36 AM
 #24321

{constant antagonizing of the sittuation}
have the chocolate teapot award, you deserve it.

I dunno what the "chocolate teapot award" is, but it sounds filthy and I'm sure RoadStress deserves it.

The only problem is that he probably enjoys chocolate teapots...   Shocked

/afraid to google

It's safe to Google Smiley'         But apparently, now a chocolate teapot is actually MORE useful than RoadStress...   

http://treasurytoday.com/2014/09/as-useful-as-a-chocolate-teapot-ttmc


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November 12, 2014, 08:51:38 AM
 #24322

I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.
the profits they earned from the capital they raised from IPO and have already paid shareholders 6x what they invested.  That's the difference.
[/quote]


Just quote this when road stress turns up, it really shows his maturity and age. personally i do not trust this prepubescent rodent and his behavior.
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November 12, 2014, 05:28:12 PM
 #24323

It was posted for gen1 chips: http://www.asicminercharts.com/live/

That was an unofficial site created by SmiGueL.

And he was getting the information from the newspaper? There was some kind of official information about the hashrate because otherwise how could he create the site? I am sure he wasn't making up the hashrate posted there.

SmiGueL was only following the number of blocks found per day and new bitcoins received on AM mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)

So that means that AM published their mining address. So there was some kind of official info. SmiGueL didn't came up with the information out of thin air. There is no official mining address right now. Nobody knows in what address is AM mining right now.

I have stated in the past that FC found out a method to get money out of the company without paying the shareholders (hint: rockxie mining), but you bashed me back then. I am glad to see you coming back to earth.

I "bashed" you back then for good reason. Talking complete bollocks. Which you are doing again. There's no evidence whatsoever to suggest that AM have been funnelling money out the back door. What I said was that their management, sales, support and PR are crap, not that AM is corrupt.

What you are claiming is that supplying a customer with the product you sell is corruption. The stupidity that comes out of your mouth is truly amazing.

You got it wrong as always. I never stated that AM are funneling money of of the back door. They found a way to funnel money in plain sight. Let me put it another way:

AM sold chips to Rockxie who assembled miners and sold them. The profit from the miners went to Rockxie, not to AM. AM only got money for the chips. But AM could skip Rockxie and create their own miners and this way they could take profits from both chips and full miners. AM was able to create and distribute full miners in the past and I don't understand why now they had to use Rockxie. The profit made by Rockxie stayed with Rockxie, not with AM. Of course AM made a small profit with the chips, but I think that profit is smaller than the profit from the full miners. By creating their own miners AM could cash in more profit in my view. Please correct me if I am wrong here.

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November 12, 2014, 05:39:33 PM
 #24324

they sold batches of chips before getting newer batches with a different mask if i remember correctly, something to do with better efficiency? which i would presume what we are seeing with the  prisma.
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November 12, 2014, 06:26:48 PM
 #24325

they sold batches of chips before getting newer batches with a different mask if i remember correctly, something to do with better efficiency? which i would presume what we are seeing with the  prisma.

Why sell the chips when you can build miners?

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November 12, 2014, 06:40:06 PM
 #24326

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions.....  Roll Eyes
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November 12, 2014, 10:03:41 PM
 #24327

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions.....  Roll Eyes

What work load? The only workload is to design, assemble and ship miners. Nothing extra compared to 2013 when AM was designing, assembling and shipping miners.

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November 12, 2014, 10:15:57 PM
 #24328

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions.....  Roll Eyes

I tend to agree.  This has all of the hallmarks of massive under staffing.
I think 2014, they were hoping to just manuf, sell chips because there is so much overhead in the device manufacturing.

It seems they are getting things done, but not as quickly as this market demands it.
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November 13, 2014, 02:20:17 AM
 #24329

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions.....  Roll Eyes

What work load? The only workload is to design, assemble and ship miners. Nothing extra compared to 2013 when AM was designing, assembling and shipping miners.

The load in selling miners is considerably higher than selling chips, as miners are often sold in small numbers while chips are sold in large batches. Hence you have a larger number of payments, shipments, etc to track when selling miners. Not to speak of communication and support...
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November 14, 2014, 09:31:50 PM
Last edit: November 15, 2014, 11:53:41 PM by gogxmagog
 #24330

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as Datatank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding further down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.
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November 15, 2014, 12:24:21 AM
 #24331

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as tank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding furtheer down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.

In agreement, its pretty damn dark here without any news of what is going on
Haven't seen a financial in a long time either so a lot of clarification is due.
Until then as you mentioned still a mystery.

.
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John (John K.)
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November 15, 2014, 06:28:33 PM
 #24332

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as tank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding furtheer down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.

In agreement, its pretty damn dark here without any news of what is going on
Haven't seen a financial in a long time either so a lot of clarification is due.
Until then as you mentioned still a mystery.

+1. I'm personally waiting for more clarification by the board members/team etc. I still believe in the long term viability of ASICMiner, it's just that the lack of information is really depressing.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
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November 16, 2014, 12:01:42 AM
 #24333

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

oh, nevermind  Angry
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November 16, 2014, 05:55:16 AM
 #24334

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

oh, nevermind  Angry

This is why I got out weeks ago. When the CEO stops communicating, that says everything there is to say. Happens with every scam and spells trouble.
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November 16, 2014, 07:59:26 AM
 #24335

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.
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November 16, 2014, 09:13:30 AM
 #24336

He is propably too busy with AMhash !
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November 16, 2014, 09:22:16 AM
 #24337

Yeah, especially since its selling like hotcakes. Nearly one month in, less than 600TH sold. 4.4PH to go...
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November 16, 2014, 11:38:17 AM
 #24338

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.

Not to mention, they'd sell a shitton more product too.
Everyone's always in "figure out AM" mode.

I'm not down for mystery or puzzles anymore.
I need a moneymaker.
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November 16, 2014, 03:26:55 PM
Last edit: November 16, 2014, 04:01:02 PM by Mabsark
 #24339

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

With that type of logic, I can only assume you are totally ignorant. Seriously man, DataTank never belonged to AM so how could AM sell it? And how the hell does that same logic apply to AMHash? AMHash is simply a service offered by AM. From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

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November 16, 2014, 03:33:50 PM
 #24340

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting Smiley
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