ASICMINER: Entering the Future of ASIC Mining by Inventing It

[drasted]

This guy is the keyman in the China bitcoin industry. http://www.8btc.com/qqagent

He's one of the early investors of Asicminer and the one who introduced Rockxie to FC.
In this interview he said he's still holding most of the Asicminer shares.

Yet he's also the CEO of Bitmain (Antminer)!!! That's why these two companies have a
good relationship. FC actually just sent the gifts to Bitmain.

Huh, interesting! I remember FC talking about some still unresolved "conflict of interest" half a year ago or so. This could be it. I mean a shareholder heavily invested in two big mining (hardware) companies...

Wasn't the conflict of interest discussion in regards to rockxie/rockminer?

[BtcLtcNmc]

This guy is the keyman in the China bitcoin industry. http://www.8btc.com/qqagent

He's one of the early investors of Asicminer and the one who introduced Rockxie to FC.
In this interview he said he's still holding most of the Asicminer shares.

Yet he's also the CEO of Bitmain (Antminer)!!! That's why these two companies have a
good relationship. FC actually just sent the gifts to Bitmain.

Huh, interesting! I remember FC talking about some still unresolved "conflict of interest" half a year ago or so. This could be it. I mean a shareholder heavily invested in two big mining (hardware) companies...

This conflict can be a merit. If both companies have a trouble in their business,
they may cooperate or even merge!

what would be the scenario for AM shareholders if AM gets acquired by Bitmain? 

They both have exclusive power-saving technology, if they share each other's tech,
they may become very competitive!!!

im suspicious of you 'newbie' account sharing such bullish suff in here (no offense)

I'm nobody and they may not consider the merge thing, it's just my guess.

[Blazed]

Why would Bitmain want to own AM? I think worst case if something like that happened (unlikely) the shares would be bought back @ IPO. Honestly though if AM was run by Bitmain the quality would be increased by about 100x...Bitmain has their shit together! Amazing how much speculation happens when a company completely ignores its investors.

[gogxmagog]

You would figure if there was good news FC would share it, or does he have a strict "ignore the shareholders" policy in place. We'll eventually see specs, nothing else.
The bitmain idea is interesting. I could see a big investor "hedging" his bets by backing both. Competition is good for business.
This really is an interesting stock to hold

[HarmonLi]

This guy is the keyman in the China bitcoin industry. http://www.8btc.com/qqagent

He's one of the early investors of Asicminer and the one who introduced Rockxie to FC.
In this interview he said he's still holding most of the Asicminer shares.

Yet he's also the CEO of Bitmain (Antminer)!!! That's why these two companies have a
good relationship. FC actually just sent the gifts to Bitmain.

Huh, interesting! I remember FC talking about some still unresolved "conflict of interest" half a year ago or so. This could be it. I mean a shareholder heavily invested in two big mining (hardware) companies...

Wasn't the conflict of interest discussion in regards to rockxie/rockminer?

I don't think so... Rockxie was/is a big shareholder, true. But I think the cooperation between AM/RM was pretty decent and close to this day (AMHASH). There were talks about dubious unresolved conflicts of interests well after RM I believe... and there were rumors about Bitmains chips resembling the dropped 'gen 2' chips... We could be on to something here...

[HarmonLi]

You would figure if there was good news FC would share it, or does he have a strict "ignore the shareholders" policy in place. We'll eventually see specs, nothing else.
The bitmain idea is interesting. I could see a big investor "hedging" his bets by backing both. Competition is good for business.
This really is an interesting stock to hold

Ha! Yes, it indeed is. It's a rollercoaster (mainly going down for the past year or so) but it's still one of the (if not the only) interesting and potentially profitable Bitcoin stocks there are. What the current silence from AM/FC is concerned, I wouldn't put too much fear into that right now. The final BE300 chips were expected in February and FC only ever made an announcement when first tests were completed. No news at all until mid March and I will start getting worried.

[freedomno1]

You would figure if there was good news FC would share it, or does he have a strict "ignore the shareholders" policy in place. We'll eventually see specs, nothing else.
The bitmain idea is interesting. I could see a big investor "hedging" his bets by backing both. Competition is good for business.
This really is an interesting stock to hold

Ha! Yes, it indeed is. It's a rollercoaster (mainly going down for the past year or so) but it's still one of the (if not the only) interesting and potentially profitable Bitcoin stocks there are. What the current silence from AM/FC is concerned, I wouldn't put too much fear into that right now. The final BE300 chips were expected in February and FC only ever made an announcement when first tests were completed. No news at all until mid March and I will start getting worried.

It's definitely a patient wait
That said at this point a month until information and a while since the last financials
Considering the bitcoin price it will be interesting to see its fiat equivalent that said nothing to do but wait.

[HarmonLi]

Some serious dumping going on right now. Why now? I mean who expected FC to give an update in the middle of the Chinese New Year celebrations? I think we're in for news in early March. Hurts to see the price going down, though...

[bobboooiie]

Some serious dumping going on right now. Why now? I mean who expected FC to give an update in the middle of the Chinese New Year celebrations? I think we're in for news in early March. Hurts to see the price going down, though...

I was actually surprised it held on 0.1 for so long. This is turning to be really bad from every single point of view if you are holding right now. Hash rate shooting up, price of BTC relatively low, really bad communication from AM, other than the first chip I dont think AM turned profit on anything else, they have really weird deals all around with really marginal or not profit at all, competition is stronger than ever they earned total of what? 0.2-0.3btc per share when they were "the guy" and owned 30% of the network for nearly a year. I mean do the math its not going to be that easy ever again.

[ujka]

they earned total of what? 0.2-0.3btc per share when they were "the guy" and owned 30%

0.5-0.6btc

[OgNasty]

I think people are sick of waiting for some sort of reliable BTC distributions.  They say they are aware of the low price but make no effort to improve.  I would like to see monthly distributions of 0.0005 BTC per share as well as establishing a public BTC deposit wallet where they can grow a savings with profits after expenses from operations.

[Lincoln6Echo]

Some serious dumping going on right now. Why now? I mean who expected FC to give an update in the middle of the Chinese New Year celebrations? I think we're in for news in early March. Hurts to see the price going down, though...

Well, today around 90 shares were traded. With that volume I wouldn't call it ''serious'' dumping...

[hdbuck]

I think people are sick of waiting for some sort of reliable BTC distributions.  They say they are aware of the low price but make no effort to improve.  I would like to see monthly distributions of 0.0005 BTC per share as well as establishing a public BTC deposit wallet where they can grow a savings with profits after expenses from operations.

yes. please.
end the scammy attitude.
show some goodwill.

[explorer]

Some serious dumping going on right now. Why now? I mean who expected FC to give an update in the middle of the Chinese New Year celebrations? I think we're in for news in early March. Hurts to see the price going down, though...

I was actually surprised it held on 0.1 for so long. This is turning to be really bad from every single point of view if you are holding right now. Hash rate shooting up, price of BTC relatively low, really bad communication from AM, other than the first chip I dont think AM turned profit on anything else, they have really weird deals all around with really marginal or not profit at all, competition is stronger than ever they earned total of what? 0.2-0.3btc per share when they were "the guy" and owned 30% of the network for nearly a year. I mean do the math its not going to be that easy ever again.

Is it possible that rising hash rate IS  AM? 

[DjPxH]

Is it possible that rising hash rate IS  AM? 

I don't know... I personally doubt that. I think FC will announce the tests of the BE300 first. And after that the miners will have to be produced and set up. That takes some time, as well. But I do think leaving the boat right now may be the wrong decision, as well.

[rudi]

Some serious dumping going on right now. Why now? I mean who expected FC to give an update in the middle of the Chinese New Year celebrations? I think we're in for news in early March. Hurts to see the price going down, though...

I was actually surprised it held on 0.1 for so long. This is turning to be really bad from every single point of view if you are holding right now. Hash rate shooting up, price of BTC relatively low, really bad communication from AM, other than the first chip I dont think AM turned profit on anything else, they have really weird deals all around with really marginal or not profit at all, competition is stronger than ever they earned total of what? 0.2-0.3btc per share when they were "the guy" and owned 30% of the network for nearly a year. I mean do the math its not going to be that easy ever again.

Is it possible that rising hash rate IS  AM? 

It's probably AntPool (it has overtaken DiscusFish).

[CanaryInTheMine]

Why would Bitmain want to own AM? I think worst case if something like that happened (unlikely) the shares would be bought back @ IPO. Honestly though if AM was run by Bitmain the quality would be increased by about 100x...Bitmain has their shit together! Amazing how much speculation happens when a company completely ignores its investors.

have you ever seen Jack Ma explain the difference between US and Chinese take on the packing order of shareholders vs. employees vs. managers of a company etc...?
It's very different in China vs. the US.

[ujka]

Is it possible that rising hash rate IS  AM? 

It's probably AntPool (it has overtaken DiscusFish).

There is a new private pool deploying for the last month, 'bw pool'
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=1&scale=0&address=1JLRXD8rjRgQtTS9MvfQALfHgGWau9L9ky

[jamesg]

Is it possible that rising hash rate IS  AM?  

It's probably AntPool (it has overtaken DiscusFish).

There is a new private pool deploying for the last month, 'bw pool'
https://blockchain.info/charts/received-per-day?showDataPoints=false&timespan=30days&show_header=true&daysAverageString=1&scale=0&address=1JLRXD8rjRgQtTS9MvfQALfHgGWau9L9ky

https://www.bw.com/

EDIT:

The stats page claims that the pool is running 34Ph/s (~390 BTC Daily) but it looks like they are hitting almost double that according to the pool address.

They must be running a private pool for around 26Ph/s or have their own mining power.

[hdbuck]

just say it.

this forum is a mess anyway.