ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ionstorm]

I love AM too, but 2.5 feels crazy at this point.   Considering selling some off.

we didnt even reach our dividend yet, shit, im holding my couple grand I invested, we should see 3btc a share imminently

[1714905840]

1714905840

[1714905840]

1714905840

[1714905840]

1714905840

[1714905840]

1714905840

[freedomno1]

Guys let's not get too excited here.

Sometimes companies pay out a one time special dividend that's way above normal.  Microsoft did that once.  The most recent case is Costco and Wynn Resorts (of Las Vegas fame).

There are some companies on Nasdaq or NYSE that pays out 90% of taxable income.  These are the investment trust companies.  These companies pays out 90% of the income to get tax advantages.  Try ticker symbol MPW, HGT.

More about HGT: http://seekingalpha.com/article/608191-hugoton-royalty-trust-how-to-buy-60-cents-for-a-dollar

Full Disclosure: I am not endorsing any companies mentioned.  Using them as example only.

Yes, my prediction is that if it's AM policy to pay out earnings after only retaining enough for operations, future hardware orders and R&D for next-generation chips (rather than retain earnings for new ventures), that dividends will be relatively high in the near future from a sales bonanza on blades and sticks, then decline as customer demand for hardware declines (they'll either drop the price on blades or be content to sell fewer of them).

AM will not try to smooth out dividends to keep the share price high, and I don't have a problem with it. It will cause more volatility in the share price, though, which makes investing for the short-term riskier.

True with risk comes rewards but it will scare people in the short-term
That said breaking 0.2

Spiking through 0.25 or breaking either way 2 days is fast

[statdude]

Thought you guys should see my charts from the other day when i decided to buy more at 1.7. Power is simply adjusted Ths/ MM Difficulty. Seems to correlate with pice obv. Power estimate is based on +200 Ths over next 90 days in first image, and +100 in 2nd image, as of a few days ago.

 

[ionstorm]

imagine these passthough shares at 5 dollars a piece, I think 5 a piece is a good #

[Franktank]

imagine these passthough shares at 5 dollars a piece, I think 5 a piece is a good #

IPO Price was 0.1 BTC/share (1 BTC @ $12) so about $1.20/share

Now it's ~2 BTC/share (1 BTC @ 125) so about $250/share

It has grown quite a bit 

[Eric Muyser]

Thought you guys should see my charts from the other day when i decided to buy more at 1.7. Power is simply adjusted Ths/ MM Difficulty. Seems to correlate with pice obv. Power estimate is based on +200 Ths over next 90 days in first image, and +100 in 2nd image, as of a few days ago.

 

I don't think so dude.

[SilentSonicBoom]

imagine these passthough shares at 5 dollars a piece, I think 5 a piece is a good #

5 dollars bad. 5BTC better

[matt4054]

• Sell high: done @ 2.49
• Buy low: pending, waiting for some FUD and/or hash rate drop

Basically that's the idea. How high the stock price can go is up to your personal opinion, for example by collecting pieces of advice here.

But let's be clear again: I am and will be holding most of my shares. AM is the best.

[conv3rsion]

Thought you guys should see my charts from the other day when i decided to buy more at 1.7. Power is simply adjusted Ths/ MM Difficulty. Seems to correlate with pice obv. Power estimate is based on +200 Ths over next 90 days in first image, and +100 in 2nd image, as of a few days ago.

 

Interesting, the numbers i've run are similar. I've drawn up a number of scenarios trying to value this and in most of them, the stock is not expensive currently (even at 2.5) if 20%-25% of the network hashrate is maintained and annual hardware sales are in the 2-4x range of recent known sales. How crazy that is really comes down to whether AM can get and deploy 10x what they have now. I don't see a reason to think they can't given their track record.

Another thing motivating AM share growth right now is that people have very limited other investment options. No one else is shipping ASICS in 1-2 days from purchase (or even 1-2 months), so if you want to mine, you go with AM. No other asic manufacturer lets you buy stock in their company, so if you want to invest in a mining company, you go with AM.

They are the closest thing to a bluechip that exists in Bitcoin land. That should carry a very healthy premium when all is said and done. People need to run the numbers themselves, but in my humble and obviously biased opinion, the stock isn't expensive from a value perspective.  

Then of course, there is speculation. I mean, wait until Techcrunch does an article on the company that went from 0 to $120m in 8 months with only 200k in startup capital and who doesn't even have a website. Wait until Forbes writes an article on the 6k investment 8 months ago that is now worth over a million dollars. That's when crazy time starts.

[evershawn]

Friedcat, respond to your PM's

[Franktank]

Friedcat, respond to your PM's

He will when he can, the man works hard and has made a lot of people very wealthy. Patience and he'll get to it eventually. The dividends aren't going anywhere.

[freedomno1]

Then of course, there is speculation. I mean, wait until Techcrunch does an article on the company that went from 0 to $120m in 8 months with only 200k in startup capital and who doesn't even have a website. Wait until Forbes writes an article on the 6k investment 8 months ago that is now worth over a million dollars. That's when crazy time starts.

Surprising no one has yet thinking about it

[arklan]

FYI, i've been informed by friedcat that the first group buy for the USB miners is supposed to ship out today. so, it possibly the others should be in the dividend...

total units ordered was 511 @ 1.99 btc each = 1016.89 btc.

...and that's ONE group buy.

[Franktank]

FYI, i've been informed by friedcat that the first group buy for the USB miners is supposed to ship out today. so, it possibly the others should be in the dividend...

total units ordered was 511 @ 1.99 btc each = 1016.89 btc.

...and that's ONE group buy.

Thank you arklan, you've just indirectly pumped the price another 10-20%. All those that just tried to short their shares (not me) are now pissed at you.

[arklan]

FYI, i've been informed by friedcat that the first group buy for the USB miners is supposed to ship out today. so, it possibly the others should be in the dividend...

total units ordered was 511 @ 1.99 btc each = 1016.89 btc.

...and that's ONE group buy.

Thank you arklan, you've just indirectly pumped the price another 10-20%. All those that just tried to short their shares (not me) are now pissed at you.

uhm... oops?

[stripykitteh]

Then of course, there is speculation. I mean, wait until Techcrunch does an article on the company that went from 0 to $120m in 8 months with only 200k in startup capital and who doesn't even have a website. Wait until Forbes writes an article on the 6k investment 8 months ago that is now worth over a million dollars. That's when crazy time starts.

Surprising no one has yet thinking about it

I don't think anyone thought the hype would arrive so soon. I guess it's a symptom of the fact there is a lot of excitement about Bitcoin and AM is turning into the rallying point for that excitement as it's one of the few stocks worth investing in today that has real revenues.

I only invested in AM three weeks ago, and at the time I was happy with the thought that it was the little engine that could (i.e., slow, steady progress). If it took a couple of years for it to be sexy so be it. But no, May has not ended yet and it's already sexytime. The fact that AM does not even have a website possibly will add to the intrigue.

Every day I get some new insight into what AM are doing and why, and I just have to shake my head that someone figured all this out way ahead. If there is hype surrounding AM, well, at least it is deserved.

[Franktank]

Burnside and Ukyo must be loving all the action, they're getting 0.2% and 1% of all transactions respectively...

[gog1]

if you sell there, buy them back on havelock at .0200 a share  make .0030/share profit

not many people know about asicminer just yet, as people learn more about it, and how it can be more profitable to hold asicminer shares than wait on an asic, the shares should rise, dividends might be low this week because of btcguild having issues, but the solo mining may however make up for that small amount of time, it looks like there is plenty of demand, so prices should be stable and continue to rise, anyone else care to explain it better than me?

I'm not sure about that, I only hear about Bitcoin in January - and did my research and very quickly see potential in ASICMINER, ought to say I love BITCOINS and ASICMINER.

[gog1]

Burnside and Ukyo must be loving all the action, they're getting 0.2% and 1% of all transactions respectively...

I get the MTGOX vs BTC-E BTC/USD discount.  But I really don't get major discrepency between the BTCT vs BF passthrough - however, that does allows one to profit handsomely, even double dip on the dividend on occasions.

[dtown]

Is there a better way to see how the solo mining efforts are going outside of looking here for "Newly Generated Coins?"

https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i