ASICMINER: Entering the Future of ASIC Mining by Inventing It

[RoadStress]

From the AMHash website:

Higher ROI

AMHash has a low cost on both initial price and maintenance fee.The maintenance is only $1.633 per day per TH,which equals to $0.07/kwh.

The fee has been lowered to $1.551/DAY/TH now though.

So that means that the higher maintenance fee was also bringing undisclosed profit for AMHash. Nice.

Since AM has the most efficient chip on the market (please correct me if I'm wrong), AM may be able to use the strong bear market as an advantage to regain a larger portion of network hashrate.

I think you mean sample chips.

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[raskul]

From the AMHash website:

Higher ROI

AMHash has a low cost on both initial price and maintenance fee.The maintenance is only $1.633 per day per TH,which equals to $0.07/kwh.

The fee has been lowered to $1.551/DAY/TH now though.

So that means that the higher maintenance fee was also bringing undisclosed profit for AMHash. Nice.

Since AM has the most efficient chip on the market (please correct me if I'm wrong), AM may be able to use the strong bear market as an advantage to regain a larger portion of network hashrate.

I think you mean sample chips.

* raskul titters 

[newIndia]

Since AM has the most efficient chip on the market (please correct me if I'm wrong), AM may be able to use the strong bear market as an advantage to regain a larger portion of network hashrate.

I think you mean sample chips.

Why ? Dont they provide same material for regular production ?

[tsm13]

Wow.... like the flies! What's that buying pressure on Havelock? Do you think it's merely the chance of buying some cheap shares due to the decrease in BTC price? Or again inside knowledge from Board members or industry partners like we've seen with the announcement of the successful BE300s tests?

A board member wouldn't risk (or care, they have thousands of shares) buying a hundred or two of shares on Havelock based on inside knowledge. Maybe some guy at packaging, or assembly, or something.
But definitely, that buying before the BE300s tests must have been on inside knowledge.

Yeah that was very strange, I mean it happened literally 1 or 2 days before the announcement and the chips weren't supposed to arrive for another week or so, so it couldn't have been pure anticipation I guess.

There is a bot on Havelock that does some market-making, and it occasionally juggles its position from the buy side to the sell side and vice-versa. There is even speculation that it buys/sells into itself to manipulate prices.

You can see the market-making in action by placing a sell order lower than the current ask price, or a buy order higher than the current bid price - even by 1 satoshi. Within a minute, the order that you covered in the orderbook will be canceled and replaced with a new order that differs from yours by about 1 satoshi.

You can see that the market maker is also the whale that moves shares back and forth by looking at the timestamps on bids/asks in the orderbook. Do you think it's just a coincidence that the 250 share bid order and the bid order at the spread were both placed within the same minute?

If you watch the orderbook you can pick out other behaviors that point to a lot of the orders on both sides of the book being controlled by the same party. For example, the bot won't over-bid or under-ask itself, and it maintains open orders at several different bid/ask prices. You can put in a bid in the middle of the book and slowly increment it, then watch which orders keep following yours, then cancel yours and watch the follower drop back down to its initial bid, even though you may have outbid a couple other orders on the way - the bot doesn't care to bid over those orders, most likely because those bids are also orders belonging to the bot.

You can totally scalp off the bot

[drasted]

Did friedcat say that there was a financial report coming, or are people here just expecting it because it's about due for one?

[explorer]

Did friedcat say that there was a financial report coming, or are people here just expecting it because it's about due for one?

'About due' was October, IIRC.   

[freedomno1]

Did friedcat say that there was a financial report coming, or are people here just expecting it because it's about due for one?

'About due' was October, IIRC.   

It feels that long although I do recall someone saying that there was a report of some sort due sometime ago
Can't remember if that was in October.

[Mabsark]

I am going to make a pre-announcement to serve some open questions.

a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after

b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.

c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.

d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception.

e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.

f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.

[jdany]

It will be released as soon as the accountant is finished with the numbers.
(The accountant is actually a dead raccoon on the side of the I95, just outside of Washington)

[jjdub7]

It will be released as soon as the accountant is finished with the numbers.
(The accountant is actually a dead raccoon on the side of the I95, just outside of Washington)

Best post of the year already.

On the other hand, I equally imagine a scenario where friedcat posts a simple "It is time." which precedes an immediate BTC price explosion well into the 5-digit range.

[elasticband]

[hdbuck]

It will be released as soon as the accountant is finished with the numbers.
(The accountant is actually a dead raccoon on the side of the I95, just outside of Washington)

Best post of the year already.

On the other hand, I equally imagine a scenario where friedcat posts a simple "It is time." which precedes an immediate BTC price explosion well into the 5-digit range.

the more time flies without a word from FC, the more i think the "its time" moment to be related to the exact contrary: AM shuts down.

[Blazed]

It will be released as soon as the accountant is finished with the numbers.
(The accountant is actually a dead raccoon on the side of the I95, just outside of Washington)

Best post of the year already.

On the other hand, I equally imagine a scenario where friedcat posts a simple "It is time." which precedes an immediate BTC price explosion well into the 5-digit range.

the more time flies without a word from FC, the more i think the "its time" moment to be related to the exact contrary: AM shuts down.

Since when are you not the AM Perma Bull? Not been following AM much lately, but I thought you were always so positive about them 

[hdbuck]

It will be released as soon as the accountant is finished with the numbers.
(The accountant is actually a dead raccoon on the side of the I95, just outside of Washington)

Best post of the year already.
On the other hand, I equally imagine a scenario where friedcat posts a simple "It is time." which precedes an immediate BTC price explosion well into the 5-digit range.

the more time flies without a word from FC, the more i think the "its time" moment to be related to the exact contrary: AM shuts down.

Since when are you not the AM Perma Bull? Not been following AM much lately, but I thought you were always so positive about them 

meh, momentary bitcoin spleen. i hope they prove me wrong tho.

[HarmonLi]

Another 250+ shares buy, you can't convince me this is just some bot doing its thing. It also isn't someone buying in his/her own orders... This has to be some action from someone who knows something! Geez, I'm all hyped up!

[Mabsark]

Another 250+ shares buy, you can't convince me this is just some bot doing its thing. It also isn't someone buying in his/her own orders... This has to be some action from someone who knows something! Geez, I'm all hyped up!

Well the sample performed better than expected and mass production is set to begin in February. With a bit of luck, AM could find themselves without any real competition for a short while. Share price could go nuts if that happens, so these buys could just be getting in early.

[btcbot]

Another 250+ shares buy, you can't convince me this is just some bot doing its thing. It also isn't someone buying in his/her own orders... This has to be some action from someone who knows something! Geez, I'm all hyped up!

Well the sample performed better than expected and mass production is set to begin in February. With a bit of luck, AM could find themselves without any real competition for a short while. Share price could go nuts if that happens, so these buys could just be getting in early.

February or April? 

The expected date of first batch is April 10 to April 30. Potential delay will be notified three months ahead.
Hashrate per device and power consumption:
  Normal mode - 1.0TH/s guaranteed. 1.6TH/s maximum. 0.25-0.27W/G.
  Turbo mode - 1.2TH/s guaranteed. 2.0TH/s maximum. 0.30-0.33W/G.

this is a update

Speaking for myself, it's a good deal with the BTC/$ price so low... 

[chriswilmer]

My transfer to Havelock from early December still hasn't gone through. 

[Mabsark]

The mass production time of BE300 in terms of chip-out date is February to March, 2015.

The schedule of BE300 producing: First batch production will be done next Feb.

[HarmonLi]

My transfer to Havelock from early December still hasn't gone through. 

Maybe it's a way of helping you not to sell your shares at prices this low  Who knows, you could be very thankful in a couple of months if the share price goes up dramatically 
But honestly, it's really annoying that a lot of request don't seem to go through seamlessly...