ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Rodyland]

Funny, being a newer but active member of the forums, I have been thinking this myself. Possibly along the lines of 1/100 a share. Similar to a "penny stock" price (currently about $1.36 a share virtual). I have been contemplating a small fund along this line for the "little guy" to buy some shares. However, this seems to be very time consuming for the operator. Something to think about though. Looking forward to next 5 day update from friedcat. Go AsicMiner!

Unless I'm mistaken, there is no reason any enterprising member couldn't set up their own ASICMINER/100-PT on either (or both of) btct.co or bitfunder (or anywhere else you please).  All you'd need is the shares and the willingness to list them for sale on the PT.  I agree with 1/100 being a decent multiplier - no point going for 1/10... anyone who can only afford 1/10 of a share can just buy 10x1/100 shares.

And you won't need many shares to get started either - there are 11k shares on btct, so you'd only need 110 shares to get the same number of listed 1/100 shares. 

[nightengale]

Forgive me if this has been covered in a previous weeks or months, but are there details available about the mid-to-long term logistical plans for ASICMINER? I know they plan to deploy an additional 7-8 TH/s over the coming week, and sales of the USB miners are pending as well, but beyond that is the plan to maintain for a while, or to continue to develop and deploy and/or sell additional hardware? With BFL devices and additional Avalon offerings coming, not to mention other hardware companies entering the market, are there projections regarding the network's overall hash rate and what portion ASICMINER can realistically target? ASICMINER appears to be doing well thanks to Friedcat and others' work, and is headed in a great direction, but IMHO these are looming questions for those looking at this as a long-term investment and considering to put the equivalent of hundreds or thousands of dollars into the company.

Thanks for any information or perspective offered.

[kokojie]

No split gimmick. My line of thought is similar to warren buffet's $160,000/share BRKA, and also GOOG. High stock prices keeps the weak hands out. $170/share is no where near too high for "small investors".

[stslimited]

Splits are done to bring liquidity to a stock.

Take one look at BTCT.CO , do you really think a split will bring liquidity to this one stock? No, it won't.

It will be just as illiquid and harder to fill an order at a particular price because you will have more shares.

signed: the voice of reason.

[ghostshirt]

Forgive me if this has been covered in a previous weeks or months, but are there details available about the mid-to-long term logistical plans for ASICMINER? I know they plan to deploy an additional 7-8 TH/s over the coming week, and sales of the USB miners are pending as well, but beyond that is the plan to maintain for a while, or to continue to develop and deploy and/or sell additional hardware? With BFL devices and additional Avalon offerings coming, not to mention other hardware companies entering the market, are there projections regarding the network's overall hash rate and what portion ASICMINER can realistically target? ASICMINER appears to be doing well thanks to Friedcat and others' work, and is headed in a great direction, but IMHO these are looming questions for those looking at this as a long-term investment and considering to put the equivalent of hundreds or thousands of dollars into the company.

Thanks for any information or perspective offered.

You can follow this blog for future projections regarding ASIC deployment of various enterprises.
http://organofcorti.blogspot.com/2013/04/914-asic-earnings-23-april-2013.html

[ThickAsThieves]

I am confused about how there was supposed to be 12-15TH online a month ago, yet we are only getting it now (slowly). What does this mean about deployment to 50TH and 200TH. Never?

[lophie]

I am confused about how there was supposed to be 12-15TH online a month ago, yet we are only getting it now (slowly). What does this mean about deployment to 50TH and 200TH. Never?

Yeah but I stopped complaining about anything regarding ASICMINER since I embraced my new motto. If they delivered faster than BFL (Which means they they delivered, EVER!), I won't complain! 

[Mausini]

I am confused about how there was supposed to be 12-15TH online a month ago, yet we are only getting it now (slowly). What does this mean about deployment to 50TH and 200TH. Never?

Seems more like you wont be getting anything, because you sold your shares  Trying to get the price down?

[nightengale]

I guess part of my point is, if you want to diversify ownership by splitting the stock and trading it in a more liquid marketplace like the exchanges the PT shares are moving through, people are going to want more details about the organization's plans in a place that is easier to find. The summary statements on the exchanges are a good start, but people are going to want a more thorough / transparent source of historical & prospective info. I think diversifying ownership is a good thing, because splits tend to increase share value, but there are a few things that need to fall into place before we get there.

[velacreations]

Yeah but I stopped complaining about anything regarding ASICMINER since I embraced my new motto. If they delivered faster than BFL (Which means they they delivered, EVER!), I won't complain! 

well, that is no longer a luxury we can rely on.  BFL is shipping, and a few sources have received their review units.  They are dangerously close to making an impact on our profits.  

The plan was to get the original 12 TH/s online some time ago so that we could take advantage of the April vacuum. We have basically missed that, and limped through with ~7 TH/s

The next plan was to get the 50 TH/s before May, remember that?  What happened to that plan?  We might get 3 TH/s of that up before May...

Now, I love AM as much as the next guy, but the slow deployment is leaving money on the table.  And with our competitors finally getting their stuff together, they pose a real threat to AM's ability to earn significant revenue.

[TheSwede75]

Splits are done to bring liquidity to a stock.

Take one look at BTCT.CO , do you really think a split will bring liquidity to this one stock? No, it won't.

It will be just as illiquid and harder to fill an order at a particular price because you will have more shares.

signed: the voice of reason.

I think you are 100% wrong. The stock is not illiquid, it is definitely the high purchase price the keeps the price spread up and causes low trading volume. That said' I don't care if it splits at all.

[velacreations]

I guess part of my point is, if you want to diversify ownership by splitting the stock and trading it in a more liquid marketplace like the exchanges the PT shares are moving through, people are going to want more details about the organization's plans in a place that is easier to find. The summary statements on the exchanges are a good start, but people are going to want a more thorough / transparent source of historical & prospective info. I think diversifying ownership is a good thing, because splits tend to increase share value, but there are a few things that need to fall into place before we get there.

I agree with this.  We need a central site/place/thread with just announcements from Friedcat, especially for newcomers.  It would be nice to get more detailed updates as well, but even just an organized place for the updates would be wonderful.

[velacreations]

Trying to get the price down?

I'd love cheap shares of AM, but he does have a point about the slow deployment.

First things, first.  Let's get through that 800+ share ceiling on Bitfunder...

[nebulus]

You can follow this blog for future projections regarding ASIC deployment of various enterprises.
http://organofcorti.blogspot.com/2013/04/914-asic-earnings-23-april-2013.html

Good stuff!

[Uglux]

I guess part of my point is, if you want to diversify ownership by splitting the stock and trading it in a more liquid marketplace like the exchanges the PT shares are moving through, people are going to want more details about the organization's plans in a place that is easier to find. The summary statements on the exchanges are a good start, but people are going to want a more thorough / transparent source of historical & prospective info. I think diversifying ownership is a good thing, because splits tend to increase share value, but there are a few things that need to fall into place before we get there.

I agree with this.  We need a central site/place/thread with just announcements from Friedcat, especially for newcomers.  It would be nice to get more detailed updates as well, but even just an organized place for the updates would be wonderful.

Can't be that hard, to open up a neat official shopping/info homepage (for a couple of coins?) these days.

[velacreations]

I agree with this.  We need a central site/place/thread with just announcements from Friedcat, especially for newcomers.  It would be nice to get more detailed updates as well, but even just an organized place for the updates would be wonderful.

Can't be that hard, to open up a neat official shopping/info homepage (for a couple of coins?) these days.

I'd set it up for a few more shares... 

[ThickAsThieves]

Trying to get the price down?

Yes I did sell my shares, and I would considering buying again at lower prices. However, I have no illusions that the rabid AM masses will let that happen at a sensible price any time soon.

Mostly I'm asking the same thing I asked repeatedly before I sold:
Where the f$@# is all the hashing they promised?

This question should be MORE important to shareholders, so please quit trying to paint me as a manipulator. I am still an investor in bitcoin and watch many things I don't have stake in.

[velacreations]

Yes I did sell my shares, and I would considering buying again at lower prices. However, I have no illusions that the rabid AM masses will let that happen at a sensible price any time soon.

I think the price will dip.  Watch for it to go into the 80's this weekend.  There are people buying, but the bid offers are pretty thin, and there are some decent ceilings, so I think the price will drop over the weekend.

Mostly I'm asking the same thing I asked repeatedly before I sold:
Where the f$@# is all the hashing they promised?

This question should be MORE important to shareholders, so please quit trying to paint me as a manipulator. I am still an investor in bitcoin and watch many things I don't have stake in.

I agree with you.  I think this is the most important thing right now.  While I am excited about the 15 TH/s coming online, I would like to know more details about all of the other TH/s that should be in deployment right now.  

What is the deployment schedule?  Do we have some realistic target dates?  Does the fact that BFL is shipping change the plans at all?

I have lots of questions, and I hope friedcat finds some time to lay it out in more detail for us.

[Mausini]

I think the price will dip.  Watch for it to go into the 80's this weekend.  There are people buying, but the bid offers are pretty thin, and there are some decent ceilings, so I think the price will drop over the weekend.

Dont forget, the sun is shining in some places. It might also rain. Or, someone is watching a bad movie. 

[velacreations]

I think the price will dip.  Watch for it to go into the 80's this weekend.  There are people buying, but the bid offers are pretty thin, and there are some decent ceilings, so I think the price will drop over the weekend.

Dont forget, the sun is shining in some places. It might also rain. Or, someone is watching a bad movie.  

yeah, you are right.  It is just my opinion.  That being said, I don't think these shallow dips we see every week affect the long-term viability of AM.  And truth be told, selling for 1.1, or whatever it currently is, is a great price for most of us around here.