ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Eric Muyser]

AM could go to 100btc or .0002 btc, but it only matters on the day you sell. Everything else is just entertainment.

So very true, and I expect at least another 2 months of entertainment. These other muppet ASIC companies ain't got nothin' on ASICMINER.

[bitfair]

No baked cat up date today? 

[freedomno1]

No baked cat up date today? 

Wasn't mandatory that and I think the shareholder FAQ will be the news not sure though

[TECHICENINE]

It reminds me of Apple going up to $700 per share and then dropping back to $400. Which made people who sold at the top really happy as they can buy back lower.

AAPL is a bargain under $400 - EPS around 40 is healthy, but the kicker is the MASSIVE pile of cash they are sitting on. 140+ BILLIONS. With a B.
To put it in perspective, Google has around 50 Billions, and that's already considered massive.
The problem in finance (and in politics) is that too many focus on the group consensus, which usually has little to do with the actual details of the company being looked at. "Steve Jobs died!" & "Apple has lost its touch!" have led too many investors that were just going with the flow to jump ship.
Apple could buy all of Tesla right now, and it wouldn't dent its pocket. Let that Sink in - Tesla, even with the tripling of current share prices past few months - is worth (corrected) 12 Billions.

Now that was an extensive tangent and I apologize. But there is no doubt that we are in a similar type of boat right here with ASICMINER: Half of us have probably never invested in stocks before and are "going with the flow." Great learning experience rest assured. If rumors or hearsay keep scaring you away, then go rest in the shade. There is no doubt BFL has started shipping and others will soon too with better tech even, but AM has shown no sign of faltering and has been CRUSHING the network distribution on every scaling up. 20%+ and they appear to have blades waiting to scale further. They bet on maximizing older tech and won, and I'm sure this has something to do with their decision of not going into 28nm chips. Currently you can see that they've stepped out of the sheer mining game, and are moving more into retail by selling equipment. Even better with the headstart they have. Sure, they had to slash price and it appears they were pressured in doing so. But this will be a learning experience for next time - meanwhile I think the USB miners will sell ok, maybe would have been better to reduce the price to .7 even. AM is grossly undervalued. A "Bubble" might appear with unsure investors doubting, but it doesn't really matter to the ones who look at numbers.

The things that worry me:
Tax status in China  - Will the government just blindly let this go on forever? I think not...
AM regulatory status as a company in China - Is AM remotely legal? Classified as a manufacturing plant? What could go wrong there?
scaleability vs. efficiency - friedcat has shown he could deliver. The scaleability is a problem of its own and one different from efficiency.
BTC itself - While we look at AM to keep busy, we forget to see the decline of BTC/USD happening - We need to promote Bitcoin and show the world it is a viable currency for all.
Risk - friedcat could disappear from one day to the next, and there's nothing you could do about it. (NB: Valid for all Exchange/PT holders)

So the discount we see in the share price likely takes some of these into account.


Warren Buffet said it best:
"To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up in price, we weep. For most people, it's the same with everything in life they will be buying -- except stocks. When stocks go down and you can get more for your money, people don't like them anymore."

*edit*
TLDR - It might drop in value, but like Apple, value of the investment goes beyond surface.

who?



http://www.profitspi.com/symbol-search.aspx?s=TLDR


"
No Symbols found for this search, please change or broaden your search text and try again.
Symbol   Description   Stock Exchange
"

[kjj]

who?

http://www.profitspi.com/symbol-search.aspx?s=TLDR

"
No Symbols found for this search, please change or broaden your search text and try again.
Symbol   Description   Stock Exchange
"

You are searching in the wrong place.  Try here instead.

[TECHICENINE]

who?

http://www.profitspi.com/symbol-search.aspx?s=TLDR

"
No Symbols found for this search, please change or broaden your search text and try again.
Symbol   Description   Stock Exchange
"

You are searching in the wrong place.  Try here instead.

ha!~*~TLDR.PT~*~(coming soon*beta*)for details issues are rolling hot and heavy<<<-radar->>>>...thanks

[RippleCoins]

Is anyone selling direct shares? I would like to buy some at market price.

[TECHICENINE]

Is anyone selling direct shares? I would like to buy some at market price.

sure how many you looking for ..lol

[Lohoris]

I don't mind being shot down on this but I'm wondering on the (to my mind) "measly" 3-question limit.

These questions are good in that they could all be answered within a minute each by friedcat or one of his staff. Are we that scared of taking up any of AM's precious time we are limiting ourselves to 3 minutes? Couldn't we stretch to 5 or 10 minutes? Him and his staff must spend several hours a week dealing with share transfers. Having to vote to reduce it down to just 3 questions is a bit much imho.

If you want quality answer, no matter the question, you'd better think carefully on what to answer, exactly.

It's by no means "just 1-minute answer", like many people assume.

Current APR is still >40%

How did you make that figure?

0.02 weekly div --> 1.04285714 annual div
/
3.420989 ASK
= 30.48% APR

[empoweoqwj]

I don't mind being shot down on this but I'm wondering on the (to my mind) "measly" 3-question limit.

These questions are good in that they could all be answered within a minute each by friedcat or one of his staff. Are we that scared of taking up any of AM's precious time we are limiting ourselves to 3 minutes? Couldn't we stretch to 5 or 10 minutes? Him and his staff must spend several hours a week dealing with share transfers. Having to vote to reduce it down to just 3 questions is a bit much imho.

If you want quality answer, no matter the question, you'd better think carefully on what to answer, exactly.

It's by no means "just 1-minute answer", like many people assume.

Current APR is still >40%

How did you make that figure?

0.02 weekly div --> 1.04285714 annual div
/
3.420989 ASK
= 30.48% APR

Oh, come, first  3 questions:

1) What are the plans regarding the Official ASICMINER Exchange? Have they been dropped? - 2.89
2) Does ASICMINER/Bitfountain intend to create and official website and/or blog outside of the bitcointalk forums? - 2.95
3) Do you have plans for a retail website? - 3.2

These are clearly 1 minute to answer each one. Give me a break. Monkeys could answer these in a minute each and we are talked friedcat here

[gard1]

I cash out of AM only if I need some fiat now.
Other than that, I am willing to take risk with AM.
And I am aware of price fluctuations.
But only when I see no value for myself in AM - I will sell it for good.
Listening to all chit chat is entertaining though
Everyone seems to justify, find a reason:)

[aahzmundus]

I don't mind being shot down on this but I'm wondering on the (to my mind) "measly" 3-question limit.

These questions are good in that they could all be answered within a minute each by friedcat or one of his staff. Are we that scared of taking up any of AM's precious time we are limiting ourselves to 3 minutes? Couldn't we stretch to 5 or 10 minutes? Him and his staff must spend several hours a week dealing with share transfers. Having to vote to reduce it down to just 3 questions is a bit much imho.

If you want quality answer, no matter the question, you'd better think carefully on what to answer, exactly.

It's by no means "just 1-minute answer", like many people assume.

Current APR is still >40%

How did you make that figure?

0.02 weekly div --> 1.04285714 annual div
/
3.420989 ASK
= 30.48% APR

I don't use just the last div, I used the average of the last several divs.  Just re-doing the calculation now I took the last 6 divs (because that is how long ago I purchased TAT shares, and BTCT keeps nice records i can copy paste).  For that time I got an average div of .027887 total of 1.45016 for the year and ~43%APR.  Using the last div, when we had no sales of mining hardware, to calculate APR gives you a bad estimate IMHO.

Even if you do think the APR is 30%, I still think that 30% earns the shares the price they fetch.  Anything over 25% I am comfortable with considering the level of transparency and risk.   If APR falls below 25% I will probably move more over to coinlenders, and diversify more... unless there is better transparency to calm my nervs.

Some people may want to use ALL divs ever... but IDK... maybe just all Post ip payoff divs would give a better estimate?

[discobean]

I think the difference between AM and a lot of these other startups is that AM have already learnt to scale.  ie. procedures, monitoring, power, racking, networking, building, developing, shipping etc..

Where everybody else is ordering a million chips of whatever size/speed, dealing with learning, and teething problems, and building hardware, AM are at the next level, ordering 10's or 100's of millions.  IMO.

While everybody else is going for the best smallest, power efficient hardware, AM is going for the good old term 'good enough is almost always good enough'.  And so have an advantage as you seen, actually shipping products.

That's my feeling, and so I will keep buying.  Cheaper the better.

[Lohoris]

I think the difference between AM and a lot of these other startups is that AM have already learnt to scale.  ie. procedures, monitoring, power, racking, networking, building, developing, shipping etc..

Where everybody else is ordering a million chips of whatever size/speed, dealing with learning, and teething problems, and building hardware, AM are at the next level

+1

[Rampion]

It reminds me of Apple going up to $700 per share and then dropping back to $400. Which made people who sold at the top really happy as they can buy back lower.

AAPL is a bargain under $400 - EPS around 40 is healthy, but the kicker is the MASSIVE pile of cash they are sitting on. 140+ BILLIONS. With a B.
To put it in perspective, Google has around 50 Billions, and that's already considered massive.
The problem in finance (and in politics) is that too many focus on the group consensus, which usually has little to do with the actual details of the company being looked at. "Steve Jobs died!" & "Apple has lost its touch!" have led too many investors that were just going with the flow to jump ship.
Apple could buy all of Tesla right now, and it wouldn't dent its pocket. Let that Sink in - Tesla, even with the tripling of current share prices past few months - is worth (corrected) 12 Billions.

Now that was an extensive tangent and I apologize. But there is no doubt that we are in a similar type of boat right here with ASICMINER: Half of us have probably never invested in stocks before and are "going with the flow." Great learning experience rest assured. If rumors or hearsay keep scaring you away, then go rest in the shade. There is no doubt BFL has started shipping and others will soon too with better tech even, but AM has shown no sign of faltering and has been CRUSHING the network distribution on every scaling up. 20%+ and they appear to have blades waiting to scale further. They bet on maximizing older tech and won, and I'm sure this has something to do with their decision of not going into 28nm chips. Currently you can see that they've stepped out of the sheer mining game, and are moving more into retail by selling equipment. Even better with the headstart they have. Sure, they had to slash price and it appears they were pressured in doing so. But this will be a learning experience for next time - meanwhile I think the USB miners will sell ok, maybe would have been better to reduce the price to .7 even. AM is grossly undervalued. A "Bubble" might appear with unsure investors doubting, but it doesn't really matter to the ones who look at numbers.

The things that worry me:
Tax status in China  - Will the government just blindly let this go on forever? I think not...
AM regulatory status as a company in China - Is AM remotely legal? Classified as a manufacturing plant? What could go wrong there?
scaleability vs. efficiency - friedcat has shown he could deliver. The scaleability is a problem of its own and one different from efficiency.
BTC itself - While we look at AM to keep busy, we forget to see the decline of BTC/USD happening - We need to promote Bitcoin and show the world it is a viable currency for all.
Risk - friedcat could disappear from one day to the next, and there's nothing you could do about it. (NB: Valid for all Exchange/PT holders)

So the discount we see in the share price likely takes some of these into account.


Warren Buffet said it best:
"To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up in price, we weep. For most people, it's the same with everything in life they will be buying -- except stocks. When stocks go down and you can get more for your money, people don't like them anymore."

*edit*
TLDR - It might drop in value, but like Apple, value of the investment goes beyond surface.

Pretty much this.

[SmiGueL]

I'm away for the weekend so I'm not sure if I'll be able to update the charts.
The live charts will of course always be... live  

[donut]

Any news from DeadTerra with bitfunder dividends?

[Vycid]

Hey all,

I'm still buying about 7 more ASICMiner-PT put options.

Strike: 2.3 BTC
Exp: ~90 days
Premium: 0.2 BTC

(again, I am buying puts, you would need to write them)

BTCT please. If you decide to list, make sure to send me a PM.

Cheers,

Vycid

[mgio]

Any news from DeadTerra with bitfunder dividends?

I want to know the same thing. wtf is going on?

[tkone]

if this stock goes down i will only be buying more!
because the dividends is what im after,
i want to be able to live comfortably by dividends alone,

considering bitcoin is at a very young age atm only 4 or so years,
look at internet when it was 4 years old,
http://www.wimp.com/theinternet/

so imagine bitcoin in anohter 20 years or so?

lets just hope there wont be super computers unimaginable at the moment that will easily decrypt bitcoin, but hopefully by then we will have even better cryptology and security, i know bitcoin has that option to always implement more complex encryptions ect...

thats why going down now is the best because it will let me buy more at cheaper, hopefully when the bigger dividends start showing up from tx fees, im not even hoping on the sales profits, thats just an added bonus, but tx fees have potential to make mining more profitable then it is now, especially with wide adaptions of bitcoin network, there might be even more alt coins ect. especially in new upcoming games or mmorpg's maybe not so soon but most likely in the future it will be.
look at diablo 3 already implementing gold and real money auction house and links to paypal,
maybe oneday will have currencies that will link to cryptocoins or alt coins or bitcoins?

theres alot of potential in bitcoin, and that is what im betting on by buying stocks or even buying bitcoins,
yes ofcourse its a gamble and maybe it will all collapse and not be worth anything,
but do you think its a 1/256chance of it actually working and becoming worth alot someday?

most likely more then 1/256 chance, and it can make your profits come back 256times or more!

ofcourse only invest in what you can afford to lose

2.bitcents

elazar