ASICMINER: Entering the Future of ASIC Mining by Inventing It

[RoadStress]

FYI: http://www.coindesk.com/chinese-bitcoin-mining-firms-transparency-push/

A consortium of major Chinese bitcoin mining firms including ASICMiner, Gridseed, Rockminer, XBTec and ZeusMiner has pledged to be more transparent in its operations, specifically on the source of cloud mining payouts.

I am still waiting for transparency of the self mining that started this July...

[1714204790]

1714204790

[1714204790]

1714204790

[tsm13]

are you really that dumb or is it just an act? The mining addresses have been public for god knows how long. I can't even be bothered to search the thread to find them.

You put up this big fight about 'woe is me everyone is picking on me because I have an opinion' and then you spout out 2 year old shit, and expect to be treated well....

As per past opinion, why anyone would support SP is beyond me and my ethical opinions.

[stompysteve]

are you really that dumb or is it just an act? The mining addresses have been public for god knows how long. I can't even be bothered to search the thread to find them.

You put up this big fight about 'woe is me everyone is picking on me because I have an opinion' and then you spout out 2 year old shit, and expect to be treated well....

As per past opinion, why anyone would support SP is beyond me and my ethical opinions.

theres three address's provided on AMhash OP post....cmon now

[gogxmagog]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

[hdbuck]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

what he said.



or else im gonna start dumping. getting tired of this charade.

[Whtwabbit]

As far as anyone here knows every btc mined goes into building some side business owned by friends of FC.

Oh yeah, and the government has all our phones tapped. Oh wait...

[Jutarul]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.
d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.

[hdbuck]

^awesome

thank you so much man.

[chairforce1]

It is always nice when Jutarul comes over.

[Swordsoffreedom]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.

Thanks for the update jutarul
It's been a while so some sort of communication is nice
Will sit on the sidelines a bit longer but observing again ^^

[tsm13]

b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.

Thaaaarrrr she bloowwwwwws!

[jdany]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

what he said.



or else im gonna start dumping. getting tired of this charade.

I consider hdbuck a pretty rational guy.
I also would consider him a pretty good advocate and ally of AM.
So, it's clear sentiment and patience is waning. 

[jdany]

c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.

Is there a person selected already - or is there a search still underway?

[FUR11]

It is always nice when Jutarul comes over.

His avatar is spooky as hell, but his updates are always very very rich of information and insight. I gotta say, he seems to have a decent ability of judging situations correctly and spotting opportunities (he's a shareholder since IPO) and if he says AM is kicking and alive, I believe him!
Thanks so much!

[gogxmagog]

Thanks Jutarul, it feels like pulling teeth to get any info in here. I'm a supporter, but these protracted silences are not acceptable.

Any info as to why it is so difficult for AM to get a PR team (or person) set up? They can manage to do quite a bit behind the scenes, you would think a guy who posts updates regularly wouldnt be an issue.

Anyway, thank you again, a few words is really all it takes, sorry I had to bang your cage so hard!

[hdbuck]

It is always nice when Jutarul comes over.

His avatar is spooky as hell, but his updates are always very very rich of information and insight. I gotta say, he seems to have a decent ability of judging situations correctly and spotting opportunities (he's a shareholder boardmember since IPO) and if he says AM is kicking and alive, I believe him!
Thanks so much!

ftfy

[hdbuck]

I consider hdbuck a pretty rational guy.
I also would consider him a pretty good advocate and ally of AM.
So, it's clear sentiment and patience is waning.  

TY to consider me rational
tho i must say i was being just frustrated by such silence this whole year, even if i understand FC being busy, we are still investors here..
BTC stock-market not being slightly regulated framed (i dont like the other word ^^), all we have is trust.
Anyway, as gogxmagog said, it didnt take much to restore a bit of confidence, and i renew my cheers to jutarul for lightening things up a bit in here.

[TheFuneral]

b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.

Thaaaarrrr she bloowwwwwws!

It was said there would be a dividend payment in August. You know how well that went. Talk is cheap.

[kingcrimson]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.
d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.

Why are you still here? Haven't you already lost people enough money with your shilling?

[Jutarul]

Any info as to why it is so difficult for AM to get a PR team (or person) set up? They can manage to do quite a bit behind the scenes, you would think a guy who posts updates regularly wouldnt be an issue.

Is there a person selected already - or is there a search still underway?

In a nutshell, the explanation for communication issues is that no clear guideline exists on which information should be released at which time and in which format. So the topic has been dealt with half-assed and procrastinated ad infinitum, and frankly FC had bigger issues to deal with than inform everybody how many problems pop up on a daily basis. That said, AM may still be the most transparent mining device supplier on the market, simply due to the need to disclose financial statements.

Yes - a person has been selected to implement a technical solution. But unless a clear information policy and schedule has been worked out it's exchanging apples for apples. I'll do my best to keep the issue alive and hopefully we can agree on something like a transparent policy guideline which doesn't preclude surprise vectors.

...
Why are you still here? Haven't you already lost people enough money with your shilling?

You may want to check the definition of a shill. My policy has always been to reflect the current state of affairs based on my perspective. Note that I was as much exposed to AM's lost opportunity than everybody else here.