ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jdany]

It's 2015. Are we going to see some financials soon? This is ridiculous

There are only so many reasons you would delay a financials release.

[bobboooiie]

Paycoin wakeup and Bitstamp hack is the news for the difficulty and the price.
I am happy to agree with Kipsy89 as I have learned about Paycoin just a few days ago and "missed the train"

You better educate yourself about clams then, so you dont miss the real alt coin train.

[HarmonLi]

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

[Mabsark]

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

[HarmonLi]

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place.

[MichaelBliss]

Yeah Paycoin seems to be rather scammy to me, as well. What Bitstamp is concerned, I believe they will pull through, though - don't you think? Gox was worse by orders of magnitude... Even if they couldn't cover the lost coins, getting back 85% is a lot better than 0%...

BitStamp said they have more than enough in cold storage to cover all the losses.

Yeah I know, I was just asking whether you guys believe that. I actually do. I think a loss of 15% can be managed. Gox on the other hand even lost more than they even had in the first place.

I'd like to see the audit that shows they do have that kind of bitcoin just laying around.  I guess their VCs will have to bail them out?  That's terrible news for them if that's the case! 

[gogxmagog]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

[freedomno1]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

[MichaelBliss]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things!   It is there to make a return for the investors.  PERIOD. 

Insurance policies are there for such things!

[xhomerx10]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things!   It is there to make a return for the investors.  PERIOD.  

Insurance policies are there for such things!

 Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs)   There's a fairly long list of VC funded companies that are now bankrupt.  Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements

[gogxmagog]

Why are there no financials anyway? What reasons could they have? Let's see...

[MichaelBliss]

Why are there no financials anyway? What reasons could they have? Let's see...

An accountant is said to be working on the AM financials, according to some post buried pages back.  I guess the reasons for not having presented them would include: they have no need to.   Though it would be nice for the shareholders and possibly the share price.

I'm hoping Friedcat comes on with the financial report sometime in January at least.  Plus, maybe an executive summary this time.

[freedomno1]

yes. wasnt the big news for them the fact that they secured 10 million in VC funding? Half of that gone. poof. that could be irreparable. I sure hope not. They are good guys but I wouldn't like to see them "finish last"

Well Venture capital is there for those unfortunate events...
Still I hope were not writing new pages a few months from now about how this was a secret Ryan Kennedy operation and to fund their operations gap they transfer ownership to a scammer like Moolah did.

I don't mean to argue but, seriously - venture capital is NOT there for such things!   It is there to make a return for the investors.  PERIOD.  

Insurance policies are there for such things!

 Yes and occaisionally negative returns - Solyndra Amp'd Mobile lost ~ $360million. (edit Solyndra lost considerably more for VCs)   There's a fairly long list of VC funded companies that are now bankrupt.  Fortunately for us, Asicminer hasn't sought finds from venture capitalists... at least not according to the last financial statements

@ Michael
Correct and feel free to point that out VC is not meant for that was using a bit of dark humor there myself.
As an aside I don't think that Bitstamp would have USD backed insurance to insure their operations like banks do at this time since there is no CDIC/FDIC requirement, so in regards to if they could insure those type of losses I'm not certain they can.

@xhome
It still has the same equity distribution as when it launched no new announcement on that so assume its the same, well till financials are released.
163,962 Shareholders  236,038 Bitfountain

[superduh]

looks like cointerra may be leaving the game

[gogxmagog]

looks like cointerra may be leaving the game

can you please elaborate?

EDIT- nevermind, I just went and read for myself. They've been circling the drain forever. I just forgot about them in the sea of flailing dissapointments that is everything connected to BTC mining (even BTC itself these days)

honestly though, I'm just holding my breath, hoping against hope that the next we hear from FC it ISN'T going to be something along the lines of; "Things are going great over here, we've taken all the profits from sales and projected future profits to create AMCOIN!!!! Premined, 99% owned by AM, and guess what guys??? You can go spend more of your money on them when we IPO next month. Financials soon "

It would make me barf, but not make me surprised.

[romerun]

http://www.reddit.com/r/BitcoinMarkets/comments/2rkl6n/mining_manufacturers_bankruptcies_coming/

[gogxmagog]

AM payed upfront, or am I wrong here?
I seem to recall they have no debts, at least from last gen.
Plus they promised they have enough BTC to keep going for a long time. Whatever that means.

So. Fried Cat, or par-boiled master of ours, please assauge our fears. Lay some fuckin numbers on us d00d

[completelyclueless]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

[jimmothy]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

Check to see which address has been receiving dividends.

Here's the address they use to send out divs: https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

They used multiple addresses to send out the last div but you should have got several divs after btct closed.

[dhenson]

Hello,

I've been out of this game for quite some time and was wondering how to go about checking my direct shares. I purchased my shares from BTC-TC about a year and a half ago and knew they were converted to direct shares upon the closing of the site.

I would like to transfer my direct shares to Havelock. I am aware of the process of moving them into Havelock, but I am not sure what information (which of my public BTC addresses and email addresses) Asicminer has on record. How would I go about determining what info AM has in their database?

This spreadsheet is "almost" complete for the most recent dividend.  Check the 11/24/2014 tab for your public address that holds your shares.  That will serve as sufficient verification that you actually hold the shares.  

https://docs.google.com/spreadsheets/d/1uBfB6IoNYzs_JDSZAVOSyaLrZj4eiTe_VfEQCaYXoKQ/edit?usp=sharing

Once that is done, you can follow the instructions on Havelock to transfer them:
https://www.havelockinvestments.com/fund.php?symbol=AM1