ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Strange Vlad]

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

[dhenson]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Go away troll, you posted almost the exact comment in the AMC thread.

This is a scAM. It is also ILLEGAL. Just add S. You have SCAM.

Where are you licenses? Where is your registration with SEC?

/yawn

[freedomno1]

Calling ASICMiner a scam is like calling like calling Kenny G a jazz musician in front of Miles Davis.


Just had to borrow that one
Can use it on BFL sometime if a shill appears

[Vycid]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Since when do businesses in China have to register with the SEC?

He is offering investments to United States Citizens.

The exchanges offering those investments are all operating out of Belize, I think, which has no laws regulating virtual currencies (i.e.: it's not money, so they're not actually investments).

This is your post history:

https://bitcointalk.org/index.php?action=profile;u=94314;sa=showPosts

Is your sole reason for registering here to spread Bitcoin FUD? The "keywords" thing in your sig is laughable, by the way. Have fun, kiddo.

[empoweoqwj]

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

All companies that offer shares should seek wide and varied shareholding. That's the point of offering shares to the public. Raise capital and let the market decide on the worth of a company.

How does publicity benefit ASICMINER? It makes their company worth more!! Do you really think they don't care if their company is worth $100M or $200M or $300M? Of course they do. Would you if you owned 50K shares? Some / all of them will cash some or all their shares out at some time. Every good business person has an exit strategy.

I'm not advocating instability. Simply saying that allow as many people as possible to make an informed choice as to what the share price should be. Only then do you get a "fair" price.

If lots of you are still wanting to "buy in cheap", I understand you don't want any publicity at all. All that says to me is many people believe the shares are still potentially undervalued. I can't argue with that, just depends on how the next 6 months pans out.

[empoweoqwj]

No bitfunder is USA

THey offer securities to USA, they must follow USA laws.

Are you not a US Citizen?

No I'm not. And aren't these "virtual shares' anyway?

[tinus42]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

[Vycid]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

Obvious troll was banned. 

[empoweoqwj]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

Obvious troll was banned. 

That just leaves the non-obvious ones 

[SaintFlow]

ASICMINER is a SCAM and is ILLEGAL. The issuer has not registered his investment with the SEC or other authorizes. HE IS BREAKING THE LAW.

Obvious troll is obvious.

Obvious troll was banned. 

That just leaves the non-obvious ones 

So many ripples 

[Strange Vlad]

Sorry if I'm being stupid, but what's the point in advertising anyway?

If the share price rises it will not help BitFountain financially unless they decide to sell some of their shares, and it will not affect dividends, but it can make share price much less stable, which IMHO is not more preferable than a slower but steadier grow.

Am I wrong?

All companies that offer shares should seek wide and varied shareholding. That's the point of offering shares to the public. Raise capital and let the market decide on the worth of a company.

How does publicity benefit ASICMINER? It makes their company worth more!! Do you really think they don't care if their company is worth $100M or $200M or $300M? Of course they do. Would you if you owned 50K shares? Some / all of them will cash some or all their shares out at some time. Every good business person has an exit strategy.

I'm not advocating instability. Simply saying that allow as many people as possible to make an informed choice as to what the share price should be. Only then do you get a "fair" price.

If lots of you are still wanting to "buy in cheap", I understand you don't want any publicity at all. All that says to me is many people believe the shares are still potentially undervalued. I can't argue with that, just depends on how the next 6 months pans out.

Thanks, now I understand a bit better. I should probably educate myself more about finance, because being a total noob is not good for an investor

[tkone]

update: average hashrate 6h is over 60terahash!!!
price on btct is over 3.2?
hmm whats the world coming to these days!?

[Aedius]

Last six hours shows 37.5 TH for me and I haven't seen it over 40 Th.. Perhaps I'm just unlucky     Regardless, AM is over 20% of the network at the moment which is great. Hopefully they will be able to keep said percentage with the influx of hashing power that is coming.

[tkone]

Last six hours shows 37.5 TH for me and I haven't seen it over 40 Th.. Perhaps I'm just unlucky     Regardless, AM is over 20% of the network at the moment which is great. Hopefully they will be able to keep said percentage with the influx of hashing power that is coming.

this was earlier when i replied, i should of taken a pic, ive seen it high before but that was a first, next time ill picture it! you know the internets, "pic or it didnt happen"

it did tho maybe theres someway to check?

[aahzmundus]

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

I am really interested to see what price point the new batch of ASIC miners come in at... before when no one had yet shipped we could, and did take the best price we could and sold limited volume at high profit.  There was a huge market of people that simply couldn't bring themselves to buy hardware...

Now however it seems the game has changed slightly. I imagine with ASICMINERS lean operation, no website... no substantial advertising... ability to use their own hardware and not get bitched out... ASICMINER could cut margins thinner this run and go for undercutting the competition.  It appears that our competition can not produce units quickly, having not reserved fab time (or whatever such things are needed).  I wonder what strategy will be used, but whatever it is I trust in friedcat.

[ShroomsKit]

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

I am really interested to see what price point the new batch of ASIC miners come in at... before when no one had yet shipped we could, and did take the best price we could and sold limited volume at high profit.  There was a huge market of people that simply couldn't bring themselves to buy hardware...

Now however it seems the game has changed slightly. I imagine with ASICMINERS lean operation, no website... no substantial advertising... ability to use their own hardware and not get bitched out... ASICMINER could cut margins thinner this run and go for undercutting the competition.  It appears that our competition can not produce units quickly, having not reserved fab time (or whatever such things are needed).  I wonder what strategy will be used, but whatever it is I trust in friedcat.

Not as well as last week? Wasn't last week quite bad?

[velacreations]

Not as well as last week? Wasn't last week quite bad?

no, actually, the mining revenue was consistent with previous weeks.  It was the total revenue that dropped 50%.

[Strange Vlad]

Looking at my favorite chart... (http://runeks.dk/bitcoin/ last chart on the page)

Looks like things are not going as well as last week... but the gap is closing!  Share prices also seem to be at an all time high.

Last week it was going way above average until the hashrate dropped towards the last couple of days. I hope this week there will be no more of this "internal troubleshooting". And if the hashrate stays this high, the mining part of dividends should easily reach record-breaking 0.017.

[tkone]

ill be happy with .017 dividends for a few years, while btc slowly rises to 500k each coin
muauahahahha


edit: wow shares are selling at up to 3.33 each on btct,

i would sell my measly amount of shares in an attempt to have 1 extra share,
but im afraid the benefit of 1more share vs risking all my shares isn't worth it lol

[Strange Vlad]

Meanwhile, according to http://www.asicminercharts.com/live/ we control 26% of the network, and according to http://runeks.dk/bitcoin/ our 24-hour average hashrate hit all-time record of 45 TH/s.