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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914552 times)
stripykitteh
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June 26, 2013, 04:33:00 AM
 #8421


I'll try to be more clear also: I don't think a website is a bad idea at all, and I think that eventually Friedcat should get around to making one.

I just think that Friedcat's time is currently unusually valuable. He's not actively searching for investment, so beyond your desire to drive up the stock price a bit more, what is the benefit to ASICMiner as a company of having a website right now at the expense of hashrate deployment?

The potential profit per minute of Friedcat's time will eventually come down, and then the information release will follow. As it stands, it seems to me ASICMiner is having no trouble attracting those 5 or 6 digit investments.

I think the weekly questions format is the best compromise for Friedcat's time.

No, I don't want the stock price driven up, quite the opposite. If I had a choice I'd like it to go down, so I can buy more. I'd like the value of the company to go up, which is something quite different. I think having financial data would be a start in that direction.

I don't care if it's a website, an email, written on a box of cornflakes, or whatever, I'd like the man to at least announce a plan to transfer what is in his brilliant mind into something permanent. Even if he said "we will starting producing quarterly earnings reports in October, and annual earnings reports and financial statements in April" (or whatever), I'd happily slide back under my rock.

 
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Vycid
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June 26, 2013, 04:36:37 AM
 #8422


I'll try to be more clear also: I don't think a website is a bad idea at all, and I think that eventually Friedcat should get around to making one.

I just think that Friedcat's time is currently unusually valuable. He's not actively searching for investment, so beyond your desire to drive up the stock price a bit more, what is the benefit to ASICMiner as a company of having a website right now at the expense of hashrate deployment?

The potential profit per minute of Friedcat's time will eventually come down, and then the information release will follow. As it stands, it seems to me ASICMiner is having no trouble attracting those 5 or 6 digit investments.

I think the weekly questions format is the best compromise for Friedcat's time.

No, I don't want the stock price driven up, quite the opposite. If I had a choice I'd like it to go down, so I can buy more. I'd like the value of the company to go up, which is something quite different. I think having financial data would be a start in that direction.

I don't care if it's a website, an email, written on a box of cornflakes, or whatever, I'd like the man to at least announce a plan to transfer what is in his brilliant mind into something permanent. Even if he said "we will starting producing quarterly earnings reports in October, and annual earnings reports and financial statements in April" (or whatever), I'd happily slide back under my rock.

I agree. He should set a hard date. Maybe the date at which a formal business plan and earnings reports will be issued would be a good candidate for the next round of questions.

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June 26, 2013, 04:41:52 AM
 #8423


I'll try to be more clear also: I don't think a website is a bad idea at all, and I think that eventually Friedcat should get around to making one.

I just think that Friedcat's time is currently unusually valuable. He's not actively searching for investment, so beyond your desire to drive up the stock price a bit more, what is the benefit to ASICMiner as a company of having a website right now at the expense of hashrate deployment?

The potential profit per minute of Friedcat's time will eventually come down, and then the information release will follow. As it stands, it seems to me ASICMiner is having no trouble attracting those 5 or 6 digit investments.

I think the weekly questions format is the best compromise for Friedcat's time.

No, I don't want the stock price driven up, quite the opposite. If I had a choice I'd like it to go down, so I can buy more. I'd like the value of the company to go up, which is something quite different. I think having financial data would be a start in that direction.

I don't care if it's a website, an email, written on a box of cornflakes, or whatever, I'd like the man to at least announce a plan to transfer what is in his brilliant mind into something permanent. Even if he said "we will starting producing quarterly earnings reports in October, and annual earnings reports and financial statements in April" (or whatever), I'd happily slide back under my rock.

I agree. He should set a hard date. Maybe the date at which a formal business plan and earnings reports will be issued would be a good candidate for the next round of questions.

I'm in agreement here. Shares are getting a bit high for the informality. I wouldn't like to see it much higher in the current state.

@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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June 26, 2013, 04:44:22 AM
 #8424

Any good estimates on what the hardware-sales portion of the next dividend will be?

1 satoshi per share.

VolanicEruptor
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June 26, 2013, 05:14:53 AM
 #8425

Sadly I'm out.. it was a fun ride, but I'm not a big fan of Friedcats recent decisions.  At one time I viewed him as a superhero, but now I am seeking new ventures.  Thanks for the good times and thicker wallet..

SilentSonicBoom
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June 26, 2013, 05:17:54 AM
 #8426

Sadly I'm out.. it was a fun ride, but I'm not a big fan of Friedcats recent decisions.  At one time I viewed him as a superhero, but now I am seeking new ventures.  Thanks for the good times and thicker wallet..

Good times are still ahead. Good luck in your new ventures!

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June 26, 2013, 05:31:01 AM
 #8427

Sadly I'm out.. it was a fun ride, but I'm not a big fan of Friedcats recent decisions.  At one time I viewed him as a superhero, but now I am seeking new ventures.  Thanks for the good times and thicker wallet..


Good luck on new ventures but I don't think being registered for 2 weeks is a long time of course if you were here longer than that good luck
TECHICENINE
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June 26, 2013, 05:36:02 AM
 #8428



https://github.com/BitFountain


nice site..didn't take that much digging to find Bitfountain..group buy in looking better imo...thanks
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June 26, 2013, 05:37:45 AM
 #8429

Dropping my price for a direct share with tomorrow's dividends included to 3.30 BTC.

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June 26, 2013, 05:41:22 AM
 #8430

Dropping my price for a direct share with tomorrow's dividends included to 3.30 BTC.

What's going on here? The last BTCT trade was at 3.45...

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June 26, 2013, 05:44:03 AM
 #8431

Dropping my price for a direct share with tomorrow's dividends included to 3.30 BTC.

What's going on here? The last BTCT trade was at 3.45...

Smart hands whistle anyways Entropy-uc gave him one fairly sure so legit
https://bitcointalk.org/index.php?topic=243034.msg2581392#msg2581392
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June 26, 2013, 05:47:30 AM
 #8432

I need to sell within the next couple of hours if possible and no one seems to be around.  Undecided

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June 26, 2013, 05:51:06 AM
 #8433

Considering BTC Guild is going to sell USB sticks by this week, 3.3 is a steal.

BTC Guild is going to sell USB sticks by this week



what whos sticks?...thanks
Fabrizio89
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June 26, 2013, 06:01:29 AM
Last edit: March 04, 2014, 06:27:20 AM by Fabrizio89
 #8434

.
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June 26, 2013, 06:16:56 AM
 #8435

So many people are buying bulk USB miners for resale... Canary doing his JIT sales... now I imagine BTC guild purchased a good amount to handle quick shipments as well.  Canary alone sold over 500 sofar, it will be interesting to see how many sold in the rest of the world...

Div prediction? Lets shoot for .04 again this week... I am feeling lucky!

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June 26, 2013, 06:52:58 AM
 #8436

So many people are buying bulk USB miners for resale... Canary doing his JIT sales... now I imagine BTC guild purchased a good amount to handle quick shipments as well.  Canary alone sold over 500 sofar, it will be interesting to see how many sold in the rest of the world...

Div prediction? Lets shoot for .04 again this week... I am feeling lucky!

There's lots of markets, and the price point is much more reasonable now for resellers. Just depends on how many bulk deals has managed to do round the globe this last week. Only time (= friedcat) will know on the volume, plus how many will be included in this week's dividend.

How many USB miners got sold the first time round? What was the profit per unit?
tinus42
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June 26, 2013, 06:57:13 AM
 #8437

I have just voted on the questions for friedcat. Now I'm offering my opinion out loud - while we all love the high dividends, and have no doubt that the management team have excelled themselves so far, I think it's time that AM increased its transparency. Things like a quarterly earnings report, annual balance sheets and so forth.

Berkshire Hathaway is a good example of a successful company with a no-frills website that contains all the information an investor needs:

http://www.berkshirehathaway.com

I think offering the same level of information to shareholders is a worthwhile and realistic goal for AM.

Berkshire Hathaway is also worth nearly $192 billion dollars.

I would like AM to be worth $192 billion one day.

If AM was worth that each share would have to be worth $480,000,-

We can dream, can't we? Smiley
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June 26, 2013, 07:06:41 AM
 #8438

So many people are buying bulk USB miners for resale... Canary doing his JIT sales... now I imagine BTC guild purchased a good amount to handle quick shipments as well.  Canary alone sold over 500 sofar, it will be interesting to see how many sold in the rest of the world...

Div prediction? Lets shoot for .04 again this week... I am feeling lucky!

Friedcat said "more than 4000 USBs sold" a couple weeks back. So a conservative 5000 USBs (or 5000 BTC) tacked on with the mining divs = less than 0.04/share
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June 26, 2013, 07:21:21 AM
 #8439

So many people are buying bulk USB miners for resale... Canary doing his JIT sales... now I imagine BTC guild purchased a good amount to handle quick shipments as well.  Canary alone sold over 500 sofar, it will be interesting to see how many sold in the rest of the world...

Div prediction? Lets shoot for .04 again this week... I am feeling lucky!

it's a question if the payments will be processed in time to reach the dividend. So if there were no USB sales counted in it I would guess 0.015 dividend, if the first bit wave of USB miners will make it in time I'm guessing 0.035 per share, exciting times ahead!

Also when the new cheaper blades come out it will be a blast! also the hashrate seems to be coming up from the poor performance in the last day. It's interesting that this has not lowered the price of shares as I thought it would, it seems like the investors really do have faith in friedcat as I do Smiley
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June 26, 2013, 07:56:29 AM
 #8440

Just a friendly reminder: speculation thread is THERE, not here.
Cheers! Smiley

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
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