ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Franktank]

Oh, please keep the Bitfury OT posts out of here. 

I'm invested in many mining shares, and AM is the best performing one so far. Getting the chips is just a small part of the equation for a large scale mining farm - imagine the job required to set them up and maintain them, not to mention the specialized infrastructure needed to house them effectively.  Friedcat could pump out a lot of hashes chip-wise, but is limited by the space and infrastructure. That's why he started to sell them for a profit of the shareholders and everyone involved.

+1

[velacreations]

Oh, please keep the Bitfury OT posts out of here. 

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one. 

[lophie]

Oh, please keep the Bitfury OT posts out of here. 

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one. 

Hey I don't mind a dancing troll with a very pretty cooknut babe avatar

[michaelGedi]

BFL is calculated at 400TH. Bitfury first batch is estimated at 200TH and half of this power is sold to 100TH mine: https://bitcointalk.org/index.php?topic=140366.0. If bitfury succeed, 100TH/month will be added with no hassle, IMHO. Friedcat must deploy 200TH quickly. Fascinating times are comming

Didn't know of this... thanks for sharing. I can understand this is OT and all, but calling someone who's saying there's competition out there seems too much to me. It is good that every investor know there are alternatives coming, don't be greedy.

Yes of course it's helpful to know this, but I think MPOE-PR has a reputation of desperately wanting to say "I told you so" at some point in the future, and at every opportunity makes sure the bases are covered to enable that potential power trip somewhere along the line... the general negative attitude takes precedence over any valuable information you may glean from his posts. This is my assumption after reading about 5 of them and seeing the shiny yellow ignore button. That said, a healthy dose of cynicism never hurt anyone.

OnTopic

None of this should distract from the fact that ASICMINER are currently the best investment in terms of ROI at this point in time (correct me if I'm wrong please), and probably for some time ahead in the near future.

[Mausini]

Excited for div day.

I wouldn't expect the entire gross estimate; better to have friedcat and co. to keep some to keep that hash power up and running. Anything from 0.02-0.025 would be good enough, use the rest to ensure those payouts stay high and consistent.

Thats the beauty in this business. Its already paid with very few bitcoins needed. Of course it can happen that something other has to be paid but there are no big piles of bitcoins needed. There would no way to invest it now because the 200TH are paid already too.

Im really looking forward to the div... when no investment goes away from it it will be the biggest div ever.

I believe it would not be wise to pay out such a huge divend at once. Even if i dont care about PT share value that much, we would have a lot of pump and dump activity on the exchanges which would add unwanted volatility. Volatility is not something large sharholders and friedcat himself would desire, because for them PT share value is useful as an indicator of company value.

IMO it would be desirable to keep dividends at a constant, slowly growing level. There are two options to go:
- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.
- Keep BTC in cash for future investments or to pay out later

I'm sure friedcat has figured everything out already. Anyway, I'd really like to read some shareholder opinions about that.

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder...

Yes, you are obviously a share holder from what I read in this forum  I actually value your comments and effort around AM a lot.

However, correct me if I'm wrong, I'm pretty sure you are not an early investor in AM. Observing this company from when it all started, I cannot help to be slightly annoyed with what is going on on this forum. All the new guys here looking for quick profit, trading PT shares and discussing it over and over again. Let me tell you this: All of it does not matter for friedcat and his team. The only thing which might be interesting for them is to get some idea about the market valuation of their magnificent work. Most early investors should feel the same way. They want to see sustainable, constant growth and no price peaks because of silly PT trading.

I dont have enough data to tell if it makes sense to invest in next-gen chips now. Neither have you. Of course AM should and will max out the current technology, but that doesnt mean they should not invest into next-gen when massive funds are available. Liquidity might not always be as good as today, you know. And that's the reason why holding back dividends could also make sense.

[VeeMiner]

Oh, please keep the Bitfury OT posts out of here. 

yeah, guys, if you want to reply to MPOE-PR , do so on one of his threads, don't feed the trolls on this one. 

+1. seriously. MPOE-PR is a pretty pathetic troll as we have seen repeatedly on this forum. This meaningless assertion about 400 Th and 22 Ph running in someone's backyard is the most pathetic one I have seen so far. No one can run this without his own powerstation and immense space.

[michaelGedi]

Excited for div day.

I wouldn't expect the entire gross estimate; better to have friedcat and co. to keep some to keep that hash power up and running. Anything from 0.02-0.025 would be good enough, use the rest to ensure those payouts stay high and consistent.

Thats the beauty in this business. Its already paid with very few bitcoins needed. Of course it can happen that something other has to be paid but there are no big piles of bitcoins needed. There would no way to invest it now because the 200TH are paid already too.

Im really looking forward to the div... when no investment goes away from it it will be the biggest div ever.

I believe it would not be wise to pay out such a huge divend at once. Even if i dont care about PT share value that much, we would have a lot of pump and dump activity on the exchanges which would add unwanted volatility. Volatility is not something large sharholders and friedcat himself would desire, because for them PT share value is useful as an indicator of company value.

IMO it would be desirable to keep dividends at a constant, slowly growing level. There are two options to go:
- Reinvest. It might be a good time to move away from 130 nm now and invest in next-gen chips. With the available amount of money, AM could develop products that would put everyone alse out of competition.
- Keep BTC in cash for future investments or to pay out later

I'm sure friedcat has figured everything out already. Anyway, I'd really like to read some shareholder opinions about that.

Sorry but i wont vote for keeping divs only for the matter of holding the shareprice stable.

I dont see any problem in a volatile share price. Its always good for someone. For seller or for buyer. And i doubt that friedcat has to value his company on shareprice. The pts arent even official.

Reinvesting for creating lower than 130nm doesnt make sense now too. Simply because its very costly to create and then its costly to build such asics. Its way more efficient to build the actual asics in bigger quantities instead building better asics.

Its not needed to keep BTC for future investments now. Everything is paid and its very easy to pay future things with coming dividends.

By the way im a shareholder...

Yes, you are obviously a share holder from what I read in this forum  I actually value your comments and effort around AM a lot.

However, correct me if I'm wrong, I'm pretty sure you are not an early investor in AM. Observing this company from when it all started, I cannot help to be slightly annoyed with what is going on on this forum. All the new guys here looking for quick profit, trading PT shares and discussing it over and over again. Let me tell you this: All of it does not matter for friedcat and his team. The only thing which might be interesting for them is to get some idea about the market valuation of their magnificent work. Most early investors should feel the same way. They want to see sustainable, constant growth and no price peaks because of silly PT trading.

I dont have enough data to tell if it makes sense to invest in next-gen chips now. Neither have you. Of course AM should and will max out the current technology, but that doesnt mean they should not invest into next-gen when massive funds are available. Liquidity might not always be as good as today, you know. And that's the reason why holding back dividends could also make sense.

thanks for this post.

Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind.

[Franktank]

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled!

[phantastisch]

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled!

Holy shit , it's happening ^^

[louong]

Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind.

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

Sometimes we need to step back, look at the bigger picture and be grateful for anything we receive.

[novusordo]

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.

[JimiQ84]

ASICMiner Block Eruptor Blades Sales have started!!

Pricing: retail price 49.99BTC each, 48.99 each if quantity >= 10 in a single order, 47.99 each if quantity >= 20 in a single order

Click here for more details.

All the Avalon Batch 2 and 3 buyers must be thrilled!

Great Scott! I hope it gets invested towards fourth - 1000TH - batch

[Mausini]

Yes, you are obviously a share holder from what I read in this forum  I actually value your comments and effort around AM a lot.

However, correct me if I'm wrong, I'm pretty sure you are not an early investor in AM. Observing this company from when it all started, I cannot help to be slightly annoyed with what is going on on this forum. All the new guys here looking for quick profit, trading PT shares and discussing it over and over again. Let me tell you this: All of it does not matter for friedcat and his team. The only thing which might be interesting for them is to get some idea about the market valuation of their magnificent work. Most early investors should feel the same way. They want to see sustainable, constant growth and no price peaks because of silly PT trading.

I dont have enough data to tell if it makes sense to invest in next-gen chips now. Neither have you. Of course AM should and will max out the current technology, but that doesnt mean they should not invest into next-gen when massive funds are available. Liquidity might not always be as good as today, you know. And that's the reason why holding back dividends could also make sense.

Im not an early adopter... i learned nearly too late about AM, but i was able to buy some shares at glbse...

Its true that this thread is cluttered with all talk regarding AM and more. And thats a lot. Thats why i really would like to see a subforum for AM. It would help to keep everything tidy a lot.

Regarding shareprice... i think friedcat doesnt have to know the value of the company. I mean for what? They know the dividend that comes in each week, they know relatively how much the hardware is worth, the design of the asic has some worth... it doesnt matter what traders think a share is worth. I mean you only would need some press messages about the big revenue of asicminer and a flood of new persons come into the game that want to take part in the 25-50% annual revenue. But the company isnt worth more then really. At the end the worth comes from what the company is. Thats many people had to learn from the .com bubble.

Im fully with you... when there is a chance to raise the revenue in the future, that means investments, it should be done. But invest only because there is money isnt the best. There should be a plan that this invested money will bring an even bigger return. Thats what investment means. But you mean the dividend could drop... i wonder how... bitcoin-crash, some powerful other vendor? I dont know. Of course it would be good to be able to act then. But i guess friedcat and team takes such things into account. At least i hope so...

Ok, let's put it like this: Reinvesting is great. Maybe even building cash reserves is a good idea. I dont know if some competitor might finally do something significant. From what I see it's mostly jibber jabber about [random number] * 100 TH/s to be set up with no clue about what it ACTUALLY means in terms of logistics, space, power supply etc etc. One thing is for sure: Friedcat and his team are the only ones who proved to be able to pull something like this off. And I absolutely trust their judgement on when to do what. If it comes with sustainable, consistent dividends.. even better

btw what is also not discussed enough in this thread: the accomplishment of friedcat and his team. what they achieved is just jaw dropping. tell someone from the "real" world, you invested into a company a year ago and now they pay you your whole investment back EACH WEEK (in usd). Praise the friedcat!!!

thanks for this post.

Having invested recently, reading some of the over excited (and I should add seemingly greed induced) comments about the dividends is quite a turn off. Irrational exuberance springs to mind.

Im just turned off by this PT trading chitchat trying to influence the price. But dont get me wrong. AM is a great investment, especially in the long-term. In the end, it all comes down to being realistic. However, being realistic about AM can be well exciting hard to believe, but true. facts are facts

[Ozymandias]

As a shareholder, I'm thrilled by the blade sales (by the way, is there a pre-determined max amount that is currently planned on being sold? 500? 1000? more?), though as an avalon batch 3 customer I'm watching my potential income evaporate. Perhaps it's time to attempt to unload the avalon and just buy more shares...

[louong]

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.

I believe you're attributing my words to Michael? Please don't put words in someone else's mouth. Nor proclaim that someone is not excited because they are not demanding that ASICMINER not hold back dividends instead of re-investing some into future developments.

Some investors just show excitement in another way, could you not consider that?

[lame.duck]

oO The shareprice isnt connected to dividends. Why do you think its another way?

Because the  better the ROI time, the more people  want to get AM shares which will let the price rise. While for  some companies assets also influence the share price i think this is not the case for AM.

I read other persons, that are more informed, opinion about that. Im sure friedcat and his team already thought about the possibilities and it looks that its not worth at the moment to develop a better asic.
Regarding bitfury... first they have to develop... that takes time... and then they can build. Its open how the hashrate of the net will be then and how much return this will yield.

The wafers should be finished  on May 19. (this year). And i would not bet that bitfury will try to copycat the 'BFL success story' for the benefit of their competitors. Sure that there is a possibility that they fail partially or in whole but i would not bet on this. And as you write: those ASICs 'have to develop... that takes time'

[g83]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

[novusordo]

Agreed. Lofty expectations can lead to disappointment and anger that one is owed something. Leading one to try to dictate how things are supposed to be. Reminds me of the Stones song - "You Can't Always Get What You Want", or the meme "First World Problems".

There's no reason not to be excited... after all, ASICMINER is setting these lofty expectations by completely surpassing all previous ones.

These dividends on a weekly (WEEKLY) basis are unheard of, and if you'd prefer to just sit at your desk and happily nod, that's fine with me.

I believe you're attributing my words to Michael? Please don't put words in someone else's mouth. Nor proclaim that someone is not excited because they are not demanding that ASICMINER not hold back dividends instead of re-investing some into future developments.

Some investors just show excitement in another way, could you not consider that?

My bad, sorry about that Michael.

I certainly agree that nobody should be demanding anything either way. I trust friedcat & friends to make good decisions. That's why I gave them my money in the first place!  

[furuknap]

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

No, it couldn't, so pour yourself a cold one and chill down :-)

If AM rolls our 262 TH/s without any other vendor rolling out the equivalent, Bitcoin as we know it is dead. This is a fixed sum game, so increasing hashrate isn't going to increase profit, just cost. Right now, the maximum AM can roll out is around 50-60 TH/s without destroying Bitcoin, and that is about 2.5 times what they're currently doing.

.b

[SebastianJu]

btw what is also not discussed enough in this thread: the accomplishment of friedcat and his team. what they achieved is just jaw dropping. tell someone from the "real" world, you invested into a company a year ago and now they pay you your whole investment back EACH WEEK (in usd). Praise the friedcat!!!

Amen!

The plan for the next 3 months of AM is to get 262 TH online.

when dividend is actually about 0.01x @ 20 TH
then it could be like 0.1x per share

You cant calculate this way... we are at around 30% of the bitcoin network hashrate. Which means the maximum possible earning from mining can be max 1,5 x the mined bitcoins now. That is because Asicminer cant go above 50% to not hurt bitcoin currency, trust and value. And the mined bitcoins will stay the same mining with 30% of network while network is at 100TH or mining with 30% while network is at 300TH. The amount of bitcoins mineable remain the same.