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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898893 times)
FUR11
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November 11, 2014, 11:11:23 PM
 #24321

If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.


Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!

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November 11, 2014, 11:29:31 PM
 #24322

Ugh I see 2 pages in one day and think something happened, but it is just a struggle storm of anger.  Roll Eyes

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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November 11, 2014, 11:48:28 PM
 #24323

If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.


Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!

How did you come at this number, it is over 10 X the current price. I don't think it will ever happen.
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November 12, 2014, 12:03:49 AM
 #24324


Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!






How did you come at this number, it is over 10 X the current price. I don't think it will ever happen.


If you are referring to FUR11's comment then I think 0.1BTC/share is a given as it was trading at that level two days ago and has been for over a month now. You may have read that as 1BTC/share, which would indeed be over 10x the last traded AM1 share. Should Gen4 do well I believe we could see that level and higher depending on how much income is coming in and what else the company has accomplished (DataTank, new partnerships, Gen5 plans, etc).

The share price was sitting at 0.5BTC/share in anticipation of Gen3 dividends this spring. I would not be surprised to see a nice run-up in share price come mid-late December upon confirmation of successful Gen4 chip testing. If the market believes Gen4 will be successful, holding shares will be a hot commodity once more. I also believe that the market will except a lower dividend / APR as there are few legitimate options out there for investment in the Bitcoin securities world right now.


 

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iCEBREAKER
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November 12, 2014, 04:55:22 AM
 #24325

{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


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Fordee
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November 12, 2014, 05:34:36 AM
 #24326

{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


elasticband
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November 12, 2014, 08:51:38 AM
 #24327

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
 #24328

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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elasticband
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November 12, 2014, 05:39:33 PM
 #24329

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
 #24330

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
 #24331

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
 #24332

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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jdany
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November 12, 2014, 10:15:57 PM
 #24333

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.
arnuschky
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November 13, 2014, 02:20:17 AM
 #24334

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
 #24335

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
 #24336

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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November 15, 2014, 06:28:33 PM
 #24337

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.

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November 16, 2014, 12:01:42 AM
 #24338

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
 #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!

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
 #24340

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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