ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Mausini]

funny how different people can think about dividends I see asicminer and BTC as a 3 year deal. when the halfing comes I expect  btc to die. I don't foresee a 10 or 20 year plan.  I call it a golden goose. I think the goose will be dead in 3 to 5 years. This is due to the 50 percent now 25 percent of the coins means only 25 percent left in 2016.

  lets say AM stays in the 20 to 25% share of the total hash. so 2016 25% of the coins left then 2018 12.5%.  I can not see mining being the push to this market.  I also can't see normal big business allowing btc to grow to 1000usd a coin.  I think of this as a dwindling resource that I am getting a small piece of it. Cutting dividends would be like hoarding the golden eggs of our goose.  I am happy that the 'cat' is doing what he is doing.  I intend to enjoy yhe ride for 2 to 4 years.

Hilarious! Under which tree do you live? Thats all unsubstantiated FUD. Nobody is interested in your "thoughts". Get out of here and please dont bother to explain..

That attitude is perfectly aligned with the halving in 2016, but sadly, it means that people that buy in now will not recouperate their investments unless AM has a significantly higher share of the network than they expect.

.b

I think your guide how to buy asicminer shares was great standing for itself. However, you clearly published it to attract potential shareholders and increase the price, because you were invested in asicminer. Then you stupidly speculated on falling prices and sold your shares. Now you spam this forum to lower the price??? Ridiculous!

Furknap, can you please stop trying to manipulate the price? Admit to yourself, you falsely speculated on a dropping price after the huge dividends. I would have also expected that, but it didnt happen. Take the hit and shut up! Thats a great sign for asicminer and confidence of shareholders. Its almost funny to see you struggling with the numbers, being in a state of denial. Never fall in love with your excel sheet! Just because there are some numbers, you build some magic equations and everything seems to be just working as you predict does not mean its correct. Even from what Ive read in the pages you wrote here (to influence others) I saw some major flaws.

[philipma1957]

funny how different people can think about dividends I see asicminer and BTC as a 3 year deal. when the halfing comes I expect  btc to die. I don't foresee a 10 or 20 year plan.  I call it a golden goose. I think the goose will be dead in 3 to 5 years. This is due to the 50 percent now 25 percent of the coins means only 25 percent left in 2016.

  lets say AM stays in the 20 to 25% share of the total hash. so 2016 25% of the coins left then 2018 12.5%.  I can not see mining being the push to this market.  I also can't see normal big business allowing btc to grow to 1000usd a coin.  I think of this as a dwindling resource that I am getting a small piece of it. Cutting dividends would be like hoarding the golden eggs of our goose.  I am happy that the 'cat' is doing what he is doing.  I intend to enjoy yhe ride for 2 to 4 years.

Hilarious! Under which tree do you live? Thats all unsubstantiated FUD. Nobody is interested in your "thoughts". Get out of here and please dont bother to explain..

That attitude is perfectly aligned with the halving in 2016, but sadly, it means that people that buy in now will not recouperate their investments unless AM has a significantly higher share of the network than they expect.

.b

I think your guide how to buy asicminer shares was great standing for itself. However, you clearly published it to attract potential shareholders and increase the price, because you were invested in asicminer. Then you stupidly speculated on falling prices and sold your shares. Now you spam this forum to lower the price??? Ridiculous!

Furknap, can you please stop trying to manipulate the price? Admit to yourself, you falsely speculated on a dropping price after the huge dividends. I would have also expected that, but it didnt happen. Take the hit and shut up! Thats a great sign for asicminer and confidence of shareholders. Its almost funny to see you struggling with the numbers, being in a state of denial. Never fall in love with your excel sheet! Just because there are some numbers, you build some magic equations and everything seems to be just working as you predict does not mean its correct. Even from what Ive read in the pages you wrote here (to influence others) I saw some major flaws.

 

 Dude I like you I am on the opposite side of the fence from furuknap and you completely dis the both of us. That is pretty cool.

[freedomno1]

O_O careful now we don't want to become apple zombies  
Edit mean really extreme fanboys
(fried cats) (To self come up with a better bull sounding name)  

[lophie]

Too late we are already fatatic about ASICMINER

[freedomno1]

Too late we are already fatatic about ASICMINER

Perfect now we are all Fried Cats Xd

[ineededausername]

Looks like we have so many bitcoins we don't know what we should do with them

[gog1]

Anyone keeps track of the USB stick group buys?  If they sold out, that's 5 bitcent of revenue per share.

[lophie]

Looks like we have so many bitcoins we don't know what we should do with them

Send some here...... oh wait my wallet is full right now..... I will come back to you later....

[SmiGueL]

I've just created a new site which combines all my ASICMINER hashrate charts (almost) full-screen on 1 page 

www.asicminercharts.com

_{In the next days/weeks I'll improve it by creating a light & dark version, and maybe some thumbs at the top or side to quickly navigate to the desired chart}

[velacreations]

whoa!  look at those share prices. 
What a week for AM!

[lophie]

I've just created a new site which combines all my ASICMINER hashrate charts (almost) full-screen on 1 page 

www.asicminercharts.com

_{In the next days/weeks I'll improve it by creating a light & dark version, and maybe some thumbs at the top or side to quickly navigate to the desired chart}

How about a counter for the expected div by share which zeroes every week and updates four times a day  , BTW Donated because you are awesome... and because you are registering alot of domains just to provide us with your services -_-!, Sheesh man use subdomains.

[stripykitteh]

O_O careful now we don't want to become apple zombies  
Edit mean really extreme fanboys
(fried cats) (To self come up with a better bull sounding name)  

+1

I don't mind seeing opinions different to mine, as long as they are evidence-based and rational. It's not about picking 'sides', it's about trying to understand something new that is becoming important to a lot of people. Ad-hominem attacks do not an argument make.

[hammurabi]

I've just created a new site which combines all my ASICMINER hashrate charts (almost) full-screen on 1 page 

www.asicminercharts.com

_{In the next days/weeks I'll improve it by creating a light & dark version, and maybe some thumbs at the top or side to quickly navigate to the desired chart}

You should draw a rocket engine to the very last dividend.
It's hard to spot that jumping out of the chart dot out there

[ThickAsThieves]

I've just created a new site which combines all my ASICMINER hashrate charts (almost) full-screen on 1 page 

www.asicminercharts.com

_{In the next days/weeks I'll improve it by creating a light & dark version, and maybe some thumbs at the top or side to quickly navigate to the desired chart}

SmiGuel, thanks for the sponsor link and for making such useful charts.

Can you tell us a little about how you collect the data for them? Is it all manually done, or are some things dynamic?

Thanks!

[talnted]

Update

The mass production of Block Erupter USB is to be done today. Busy testing and packaging will start.

About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved. Bitcoin is already an investment itself having a great potential. Any investment, no matter how profitable, based on "turning Bitcoins to fiat first" requires double consideration. We can invest the RMBs to bonds and they are almost bound to be more profitable than just holding the RMBs, but we can never say the same to Bitcoins.

So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company. The shareholders of ASICMINER are in principle not supposed to bear the new different risks on doing other business than Bitfountain's. So if there are new investments, they will be as new adventures, in new collaboration structures, and after a significant period of time since ASICMINER is always the most important job for us to do before the company could gradually run itself with a little less founder involvement.

I think this is the best policy.  Thanks Friedcat for the update

[TheSwede75]

My thoughts:

I personally think that the number crunching, dividend arguments and theories on hash rate are less important then the long term potential of the Asicminer intellectual capital.

I see my share ownership as a stake in one of the first well funded start ups in a brand new economy! In my mind, owning shares in Asicminer is akin to being an early investor in Cisco, PayPal, Microsoft or Tesla.

The Entrepreneurs behind Asicminer has in my opinion already proven to be exceptionally trust worthy and intelligent. They seem to be passionate and very well equipped to become a major part in the quickly growing hardware and service economy that is quickly growing around bitcoin.

My personal wish for the pleasant problem of "bitcoin surplus" is for Asicminer to use these funds as a well funded venture capital firm would, investing in high risk/reward bitcoin related projects and services.

Why? Simply because I believe that their track record shows that they are far more likely to succeed in helping bring new software, hardware and Eco system services to market then possibly anyone else in the bitcoin economy.

Sure I love dividends as much as the next guy, but I value the bitcoin Eco system even more. And I believe that the way for Asicminer to best achieve exponential growth would be to use their unique position, knowledge, contacts and capital position to invest in growth rather then leaving it up to me to grow my funds.

But hey, that's just me.

[Mausini]

My thoughts:

I personally think that the number crunching, dividend arguments and theories on hash rate are less important then the long term potential of the Asicminer intellectual capital.

I see my share ownership as a stake in one of the first well funded start ups in a brand new economy! In my mind, owning shares in Asicminer is akin to being an early investor in Cisco, PayPal, Microsoft or Tesla.

The Entrepreneurs behind Asicminer has in my opinion already proven to be exceptionally trust worthy and intelligent. They seem to be passionate and very well equipped to become a major part in the quickly growing hardware and service economy that is quickly growing around bitcoin.

My personal wish for the pleasant problem of "bitcoin surplus" is for Asicminer to use these funds as a well funded venture capital firm would, investing in high risk/reward bitcoin related projects and services.

Why? Simply because I believe that their track record shows that they are far more likely to succeed in helping bring new software, hardware and Eco system services to market then possibly anyone else in the bitcoin economy.

Sure I love dividends as much as the next guy, but I value the bitcoin Eco system even more. And I believe that the way for Asicminer to best achieve exponential growth would be to use their unique position, knowledge, contacts and capital position to invest in growth rather then leaving it up to me to grow my funds.

But hey, that's just me.

and me 

[Mausini]

I've just created a new site which combines all my ASICMINER hashrate charts (almost) full-screen on 1 page  

www.asicminercharts.com

_{In the next days/weeks I'll improve it by creating a light & dark version, and maybe some thumbs at the top or side to quickly navigate to the desired chart}

nice! a chart showing hardware sales would be nice aswell

[237]

My thoughts:

I personally think that the number crunching, dividend arguments and theories on hash rate are less important then the long term potential of the Asicminer intellectual capital.

I see my share ownership as a stake in one of the first well funded start ups in a brand new economy! In my mind, owning shares in Asicminer is akin to being an early investor in Cisco, PayPal, Microsoft or Tesla.

The Entrepreneurs behind Asicminer has in my opinion already proven to be exceptionally trust worthy and intelligent. They seem to be passionate and very well equipped to become a major part in the quickly growing hardware and service economy that is quickly growing around bitcoin.

My personal wish for the pleasant problem of "bitcoin surplus" is for Asicminer to use these funds as a well funded venture capital firm would, investing in high risk/reward bitcoin related projects and services.

Why? Simply because I believe that their track record shows that they are far more likely to succeed in helping bring new software, hardware and Eco system services to market then possibly anyone else in the bitcoin economy.

Sure I love dividends as much as the next guy, but I value the bitcoin Eco system even more. And I believe that the way for Asicminer to best achieve exponential growth would be to use their unique position, knowledge, contacts and capital position to invest in growth rather then leaving it up to me to grow my funds.

But hey, that's just me.

As friedcat stated, if you want to invest in high risk whatever, you can do that with YOUR dividents on YOUR own risk. Why would everyone else have someone decide what with their earnings happens?
You can even reinvest your dividents into more shares.

And if you don't feel up to the responsibility of handling your own money, just send it to me

[TheSwede75]

My thoughts:

I personally think that the number crunching, dividend arguments and theories on hash rate are less important then the long term potential of the Asicminer intellectual capital.

I see my share ownership as a stake in one of the first well funded start ups in a brand new economy! In my mind, owning shares in Asicminer is akin to being an early investor in Cisco, PayPal, Microsoft or Tesla.

The Entrepreneurs behind Asicminer has in my opinion already proven to be exceptionally trust worthy and intelligent. They seem to be passionate and very well equipped to become a major part in the quickly growing hardware and service economy that is quickly growing around bitcoin.

My personal wish for the pleasant problem of "bitcoin surplus" is for Asicminer to use these funds as a well funded venture capital firm would, investing in high risk/reward bitcoin related projects and services.

Why? Simply because I believe that their track record shows that they are far more likely to succeed in helping bring new software, hardware and Eco system services to market then possibly anyone else in the bitcoin economy.

Sure I love dividends as much as the next guy, but I value the bitcoin Eco system even more. And I believe that the way for Asicminer to best achieve exponential growth would be to use their unique position, knowledge, contacts and capital position to invest in growth rather then leaving it up to me to grow my funds.

But hey, that's just me.

As friedcat stated, if you want to invest in high risk whatever, you can do that with YOUR dividents on YOUR own risk. Why would everyone else have someone decide what with their earnings happens?
You can even reinvest your dividents into more shares.

And if you don't feel up to the responsibility of handling your own money, just send it to me

If you would have understood my post you would realize that I am not arguing that I am I'll equipped to "handle my own money" but rather that Friedcat, the group behind Asicminer etc. have know how, capital and connections that puts them in a unique position. A position that I believe no other entity in the bitcoin industry can challenge.

Why would I want to HAVE to micro manage investments when if I can let a group of more competent and well connected people provide the service for me with a higher chance of success?

Again, to me this is all about track record and trust. Sure, I could find investments, make phone calls, do research and invest myself. But if I had the choice of having Warren Buffet do it form me, I would probably be foolish not to let him..

In my opinion, letting share holders vote on "projects and investments" as motions would be a democratic and smart process for Asicminer to use.

Again, just my opinion.