ASICMINER: Entering the Future of ASIC Mining by Inventing It

[velacreations]

I will be satisfied as long as you realize NONE of this information is OWED to you.  

yes, I completely agree with you on this.  I was merely stating that more information would be good for me.  I am not entitled to it, though I did request it (asked a question).  It's not owed to us, but it would be nice to have.

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[talnted]

I will be satisfied as long as you realize NONE of this information is OWED to you.  

yes, I completely agree with you on this.  I was merely stating that more information would be good for me.  I am not entitled to it, though I did request it (asked a question).  It's not owed to us, but it would be nice to have.

I completely agree with you

[talnted]

To anyone that is interested, I have gone live with a new fractional passthrough of ASICMINER shares.

You can learn more about how it works and why someone might be interested here: https://bitcointalk.org/index.php?topic=192498.0

You can buy the shares on Bitfunder here: https://bitfunder.com/asset/TAT.ASICMINER

While I think this is relevant to this thread, it's possible I am biased and some of you will be angered at this "shameless self-promotion". If so, you can take comfort in knowing that I will pay the price in hell upon my day of reckoning.

Awesome job TAT, glad to see this up!

Dont feel bad about the shameless plug, MPOE-PR did it 2 posts above you while trying to make a point.

[JaredR26]

This ASICMINER project is unbelievably transparent in my opinoin.  What else are you seriously looking for?

An actual contract (such as), their listing on a reputable exchange (such as), actual monthly reports (such as). Without these you are basically holding dust, like it or not.

(No, the fact that "it paid already X dollah" is not necessarily an argument - so did pirate.)

As opposed to holding dust on an exchange that is, equally, dust.

[velacreations]

As opposed to holding dust on an exchange that is, equally, dust.

+1

[JimiQ84]

Meanwhile hashrate slowly declines :-( (12.17 TH/s)

[wtfvanity]

This ASICMINER project is unbelievably transparent in my opinoin.  What else are you seriously looking for?

An actual contract (such as), their listing on a reputable exchange (such as), actual monthly reports (such as). Without these you are basically holding dust, like it or not.

(No, the fact that "it paid already X dollah" is not necessarily an argument - so did pirate.)

Right... listing AM on MPEX makes it legitimate...    I still don't know why I haven't ignored your posts. I think I like how idiotic you can be.

[ineededausername]

Meanwhile hashrate slowly declines :-( (12.17 TH/s)

If you think it'll still be 12 TH/s in a week, sell

[AMuppInTime]

I would love to know

1. What are the two-three month perspective on hashrate, earnings, and profitability
2. What are the funding requirements to reach those goals and how will that funding take place?
3. What is the current financial situation of the company (ie assets, liabilities, running costs, currency denominations, and so on)
4. What is the policy on managing capital (ie is it exchanged every week, do they set aside capital for unforeseen expenses, etc)

^^^this

[gog1]

Meanwhile hashrate slowly declines :-( (12.17 TH/s)

If you think it'll still be 12 TH/s in a week, sell

Either network issue or problem with BTCGuild

[lophie]

TAT-PT  , Thanks for helping the many JoeSixCoiners out there,

[Socket54]

A few post took my comparison to microsoft and apple out of context here and that is understandable.

I guess i hold asicminer and avalon too high!

However i do believe they are the two powerhouses in the asic industry right now, and i am surprised one of them does not even have a website or anything.

There is not enough transparency to me if i were to invest and this will hurt the company if investors are afraid to invest. Investors want web sites, locations, names,

accountability, projected growths.

This is gonna be taken out of context again but i am prepared for that lol but anyway everyone knows bill gates, everyone knew of steve jobs right?

Who is the guys at asicminer? Where is the accountability? If they were to run off with investors money or mismanaged(spent everything on vegas hookers!) or

anything, would anyone even know how to recoup those illegitimate loses in that regard?

Now in no way i am saying these fellas will do that but what is stopping them?

Anywho i think this debate is moot without progress from those who make the decisions.

Off to kickstarter it is

[btceic]

2,000 Bitcoins have been reserved for the re-investment:

1. Deposits for the long-term pre-order of hard-to-get ICs.
2. Costs of mass production of Block Erupter USB sticks.

@friedcat,
Please re-consider your auctioning off the usb sticks, I will definitely by some, however I am like many others here are late to the game as far as bitcoin is concerned and would prefer to pay with conventional means.

By selling them off at a flat rate you will have a much larger user base, which is good for the BTC economy.

just my 2 cents

[davos]

By selling them off at a flat rate you will have a much larger user base, which is good for the BTC economy.

just my 2 cents

I'd rather see him auction large lots of the usb miners - effectively wholesaling them to distributors. It would be beneficial in creating larger economies, keep the wholesale price competitive, and would enable people to retail them through whatever mechanism they felt best served retail buyers.

Edit: I'm thinking of large lots at the 100's of units level. 128 would be good as it would parallel 4 of the block erupter blades for chipcount while still enabling some level of wholesale volume.

[Naelr]

The Block Erupter USB sticks passed all the tests and we are about to produce them in quantity.

"In quantity". I like those words.

Very many ideas thrown around here for the auction of these (possibly good, but experimental and possibly confusing to customers).

So let me throw in an idea too: fixed price 2 BTC, first come first served! Much more manageable, affordable and relatable. And a price/hash a little above what the Blades have been getting.

Works for me, I'm first in line and I will buy them all (to auction later).  

what about blind auctions with a minium price?

2,000 Bitcoins have been reserved for the re-investment:

1. Deposits for the long-term pre-order of hard-to-get ICs.
2. Costs of mass production of Block Erupter USB sticks.

@friedcat,
Please re-consider your auctioning off the usb sticks, I will definitely by some, however I am like many others here are late to the game as far as bitcoin is concerned and would prefer to pay with conventional means.

By selling them off at a flat rate you will have a much larger user base, which is good for the BTC economy.

just my 2 cents

What about a set price and the ability for all shareholders to buy one, just one, so those of us without hundreds of BTC can actually get and hold an actual piece of AM?  And after say a week and all shareholders have had the ability to buy one at say cost, or just over cost the auction goes hog wild.  I have all my BTC invested... I don't wanna sell my shares of anything just to buy one but I really want one.. as a shareholder shouldn't we be able to  have a small slice of the pie.  I am not asking for a handout, Those usb things are just a genius idea and I would love to have one!

Naelr

[ThickAsThieves]

What about a set price and the ability for all shareholders to buy one, just one, so those of us without hundreds of BTC can actually get and hold an actual piece of AM?  And after say a week and all shareholders have had the ability to buy one at say cost, or just over cost the auction goes hog wild.  I have all my BTC invested... I don't wanna sell my shares of anything just to buy one but I really want one.. as a shareholder shouldn't we be able to  have a small slice of the pie.  I am not asking for a handout, Those usb things are just a genius idea and I would love to have one!

Naelr

What you ask for is very biased to your own position. It is too impractical to implement. Also, does Google give special preference to their shareholders for new products? Remember, AM does not owe shareholders special treatment, just their fair share of the company and its distributed profits.

[Socket54]

Asking for them to be sold in lots to better benefit the white collars is about as biased as you can get too. I was interested in 3-4 of these myself. But if it were sold

in ridiculous high priced lots i will just as soon be happy with not even have heard of them. I figured it would be nice to replace a gpu or two with these low power

devices, but forget me catering to reselling white collars. I believe in capitalism like everyone else, but not capitalism that cuts out the little man.

Selling in lots benefits no one but a select few. If your gonna put a product out there on a public post then let it be equal opportunity to everyone. That is just good

business sense.

[Naelr]

Asking for them to be sold in lots to better benefit the white collars is about as biased as you can get too. I was interested in 3-4 of these myself. But if it were sold

in ridiculous high priced lots i will just as soon be happy with not even have heard of them. I figured it would be nice to replace a gpu or two with these low power

devices, but forget me catering to reselling white collars. I believe in capitalism like everyone else, but not capitalism that cuts out the little man.

Selling in lots benefits no one but a select few. If your gonna put a product out there on a public post then let it be equal opportunity to everyone. That is just good

business sense.

Agreed... I couldn't have said it any better... except I don't care if they sell them in lots.. just give the little guy a chance to own one.  They don't owe it to the shareholders... but they should want the shareholders to be able to get one!  Friedcat has shown his good business sense up to this point... I trust he will do the right thing for AM, I am just putting my 2 cents in there as a shareholder. 

Naelr

[TheSwede75]

By selling them off at a flat rate you will have a much larger user base, which is good for the BTC economy.

just my 2 cents

I'd rather see him auction large lots of the usb miners - effectively wholesaling them to distributors. It would be beneficial in creating larger economies, keep the wholesale price competitive, and would enable people to retail them through whatever mechanism they felt best served retail buyers.

Edit: I'm thinking of large lots at the 100's of units level. 128 would be good as it would parallel 4 of the block erupter blades for chipcount while still enabling some level of wholesale volume.

That is the dumbest idea so far. Why would you want to start a 'price gauging' war between re-sellers when it's proven right here they don't need re-sellers. Only thing that would happen is that ASICMINER's margin would be lower and sale prices would be higher.

[TheSwede75]

What about a set price and the ability for all shareholders to buy one, just one, so those of us without hundreds of BTC can actually get and hold an actual piece of AM?  And after say a week and all shareholders have had the ability to buy one at say cost, or just over cost the auction goes hog wild.  I have all my BTC invested... I don't wanna sell my shares of anything just to buy one but I really want one.. as a shareholder shouldn't we be able to  have a small slice of the pie.  I am not asking for a handout, Those usb things are just a genius idea and I would love to have one!

Naelr

What you ask for is very biased to your own position. It is too impractical to implement. Also, does Google give special preference to their shareholders for new products? Remember, AM does not owe shareholders special treatment, just their fair share of the company and its distributed profits.

Personally I think the 'google' comparison here is just stupid. ASICMINER is not a giant company with a slick product line. They are very much dependent on the community and the share holders and I don't think a 'shareholder pre-sale' is a bad thing at all.