ASICMINER: Entering the Future of ASIC Mining by Inventing It

[stripykitteh]

I wonder how many more Jalapenos BFL can ship before their early minirig orders get huffy and sue? 

[GIANNAT]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

[ThickAsThieves]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

Give me a head's up, so I can post bids.

[Jutarul]

OK, I'm generally a patient guy, but any word from friedcat? Can any board members throw some crumbs to us plebs? Thx.

The board had a meeting yesterday. friedcat is doing well and is very busy with growing the company.

I understand some of you guys want more information, but releasing information has to fit with the strategy of the company, which means that sometimes things are progressing in a secretive manner. Of course this doesn't help with investment decisions.

I recommend that the PT operators or willing board members should compile questions from smaller investors and feed them to friedcat in a structured manner. Maybe the replies could be organized as a FAQ. He simply doesn't have time to dig through the forum and answer questions here.

[philipma1957]

I wonder how many more Jalapenos BFL can ship before their early minirig orders get huffy and sue?  

 This is a good question, but BFL did do a pre-emptive waiver a month ago it may delay or prevent those lawsuits

 from rig , little single or single buyers.


  I had orders of jallys and  little singles.  I agreed to the waiver and cancelled my little single orders kept the jally orders then I used that money to buy into AM.

[bobboooiie]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

There were bigger orders with half of the liquidity that there is now and it barelly moved the price.

[ning]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

Doing this can push the price down to 2.0 BTC per share as of now (Wed Jun  5 12:27:59 UTC 2013). No one knows how the market would react.

[stripykitteh]

I wonder how many more Jalapenos BFL can ship before their early minirig orders get huffy and sue? 

 This is a good question, but BFL did do a pre-emptive waiver a month ago it may delay or prevent those lawsuits

 from rig , little single or single buyers.


  I had orders of jallys and  little singles.  I agreed to the waiver and cancelled my little single orders then I used that money to buy into AM.

Pre-emptive waivers, the cornerstone of any successful company. I wonder what that might say about their ability to ship?

[MikkisJ]

I don't think it's sensible to reduce prices now if people are paying 50 BTC per Blade. Wait until demand has dried out at that price and adjust prices quickly and aggressively.

You assume that lowering the price will result in the same amount of sales. In reality lowering price usually increases sales as demand and supply match again after changes. Selling 200 blades at 30BTC is more than 100 blades at 50BTC. Another point here is better ROI for buyers, as they are more likely to buy more hardware in the future if they manage to make some BTC. At current prices it's very likely some buyers may not get back their investment which will be disappointing for them and will kill the desire to buy more hardware in the future.

Lowering price in steps dynamically can increase total revenues as opposed to waiting for demand to "dry out". In case of waiting for it to dry out total revenues may plunge to a point where only a handful of blades are sold per week.

Taking into account that producing hardware costs very little, lowering price dynamically in steps according to competition and price trends results in better total revenues.

I'm not saying when and what should be done, I believe they at AM know what to do, this is just a comment for thread readers who speculate AM strategies.

[101111]

PhillipMa: I'm sure you understand the difference between purchasing a company's products (BFL) and investing in the shares of a company (Asicminer).

[MikkisJ]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

Doing this can push the price down to 2.0 BTC per share as of now (Wed Jun  5 12:27:59 UTC 2013). No one knows how the market would react.

Nothing will happen to the price. There were 500 share walls many times on Pass Throughs that were eaten off rather quickly. In addition thousands of direct and PT shares moved privately during last few weeks.

[Franktank]

The board had a meeting yesterday. friedcat is doing well and is very busy with growing the company.

I understand some of you guys want more information, but releasing information has to fit with the strategy of the company, which means that sometimes things are progressing in a secretive manner. Of course this doesn't help with investment decisions.

I recommend that the PT operators or willing board members should compile questions from smaller investors and feed them to friedcat in a structured manner. Maybe the replies could be organized as a FAQ. He simply doesn't have time to dig through the forum and answer questions here.

I would be willing to take on this task, perhaps even do this on a monthly basis. Please PM me with questions you would like friedcat to address, with the subject line "ASICMiner FAQ". I will compile them and send it to him. As previously mentioned, friedcat may not answer the question if he deems that it may divulge Bitfountain's strategy/plan to competitors.

[ThickAsThieves]

The board had a meeting yesterday. friedcat is doing well and is very busy with growing the company.

I understand some of you guys want more information, but releasing information has to fit with the strategy of the company, which means that sometimes things are progressing in a secretive manner. Of course this doesn't help with investment decisions.

I recommend that the PT operators or willing board members should compile questions from smaller investors and feed them to friedcat in a structured manner. Maybe the replies could be organized as a FAQ. He simply doesn't have time to dig through the forum and answer questions here.

I would be willing to take on this task, perhaps even do this on a monthly basis. Please PM me with questions you would like friedcat to address, with the subject line "ASICMiner FAQ". I will compile them and send it to him. As previously mentioned, friedcat may not answer the question if he deems that it may divulge Bitfountain's strategy/plan to competitors.

Franktank, if you are up for it, I would like to help moderate the list of what is actually submitted to Friedcat as questions. I just think it'll take 2 or 3 people with their heads on straight to edit this and make sure it's digestible.

[Eric Muyser]

Sometimes I got up and I think it would be nice to dump like 250 shares on btct just to see the reaction, I will do it on of these days.

Doing this can push the price down to 2.0 BTC per share as of now (Wed Jun  5 12:27:59 UTC 2013). No one knows how the market would react.

Nothing will happen to the price. There were 500 share walls many times on Pass Throughs that were eaten off rather quickly. In addition thousands of direct and PT shares moved privately during last few weeks.

This. One guy sold off like 2000 at least last week. Thousands were liquidated by various people.

[Fabrizio89]

This. One guy sold off like 2000 at least last week. Thousands were liquidated by various people.

He's saying that he wants to try selling them without waiting for a buy wall. If he does that, the price would plummet under 1.0 BTC on BTC-TC because there are not enough bids and he thinks the market could panic for more than some hours.
Of course it is an insane move, but that's the point.

[Bitcycle]

This. One guy sold off like 2000 at least last week. Thousands were liquidated by various people.

He's saying that he wants to try selling them without waiting for a buy wall. If he does that, the price would plummet under 1.0 BTC on BTC-TC because there are not enough bids and he thinks the market could panic for more than some hours.
Of course it is an insane move, but that's the point.

Sure, but immediately after that the price would go right back up.

He could hand out 500 shares for nothing right here.  Wouldn't drive the price down to zero.

[ex-trader]

If they manage to keep 20% of the network hash rate, which I am sure they will, there will always be a dividend of 0.015 per share. That makes annual return of 30%. That is pretty damn good.

You cannot use yield or p/e ratios in the normal way on this stock. The blockchain reward will halve income in 3 years, then again in 4 years etc etc.

The short-term return and value of ASICMiner is NOT the same as a proper long-term valuation.

The key to long-term value is in transaction fees which right now are tiny and represent about 1% of the reward in BTC (as I understand it and am happy to be corrected).

You would not value Coke in the same way as normal if you knew it was being forced to halve it's prices every 4 years!

[philipma1957]

PhillipMa: I'm sure you understand the difference between purchasing a company's products (BFL) and investing in the shares of a company (Asicminer).

yes of course I do which is why I sold my AM-pt shares off yesterday. I feel that I am ahead of the curve of a steep price drop.

To a 1.5BTC a share rather then a 2.5btc a share.   plus if  dividend runs at .02 a share it would take 50 weeks to make up for the drop.  I was also in the position of making  a profit with the sale.  

What is the downside  of my selling all my stock;   BFL ships under 500 jally units  and AM shares do well.  In this case I suffer less profit . The 30 coin profit would be bigger then the 30 I made.   .8 BTC sold at 2.4 was 1.6 a share 18 shares and some dividends I netted about 30 coins profit.


If I held and BFL ships lots more units at 2.5BTC per 5GH  AM stock will drop and my guaranteed profit of 30 coins which I took today and yesterday could drop to a loss.  The stock could drop to under the .8 I paid.

 HEY anyone can be wrong,  but BFL is really shipping units  1 Jally = 16 usb sticks .  At least 100 jallys are delivered that is at least 1600 usb sticks .  

BFL price for 5GH = 2.5 btc  

AM price for 5Gh = 32 btc  

 I will take my sure profit and be happy until AM makes an adjustment.
Well more then 1 adjustment 3 adjustments usb stick price drops blade price drops and hash rate rises a lot.

 Hey I rather be made a fool and have AM come up with a brilliant counter move or 2 or 3.

 But I am guessing a big price drop when people realize that the laughing stock called BFL is really shipping and the prices are far lower then AM.

[irritant]

PhillipMa: I'm sure you understand the difference between purchasing a company's products (BFL) and investing in the shares of a company (Asicminer).

yes of course I do which is why I sold my AM-pt shares off yesterday. I feel that I am ahead of the curve of a steep price drop.

To a 1.5BTC a share rather then a 2.5btc a share.   plus if  dividend runs at .02 a share it would take 50 weeks to make up for the drop.  I was also in the position of making  a profit with the sale.  

What is the downside  of my selling  BFL ships under 500 units and AM shares do well.  IN this case I suffer less profit.

If I held and BFL ships lots more units at 2.5BTC per 5GH  AM stock will drop and my guaranteed profit of 30 coins which I took today and yesterday could drop to a loss. HEY anyone can be wrong but BFL is really shipping units  1 Jally = 16 usb sticks .  At least 100 jallys are delivered that is at least 1600 usb sticks .  

BFL price for 5GH = 2.5 btc  

AM price for 5Gh = 32 btc  

 I will take my sure profit and be happy until AM makes an adjustment.  Hey I rather be made a fool and have AM come up with a brilliant counter move.

you took the most negative numbers, if you calculate with blades, 50 BTC/10 Gh  it is AM price for 5Gh = 25 btc, the usb miner sticks are the most expensive ghash/$  , and with AM shares you buy part of the expanding company, and with mining hardware you have to keep expanding yourself , you know the income from it will decrease

[philipma1957]

PhillipMa: I'm sure you understand the difference between purchasing a company's products (BFL) and investing in the shares of a company (Asicminer).

yes of course I do which is why I sold my AM-pt shares off yesterday. I feel that I am ahead of the curve of a steep price drop.

To a 1.5BTC a share rather then a 2.5btc a share.   plus if  dividend runs at .02 a share it would take 50 weeks to make up for the drop.  I was also in the position of making  a profit with the sale.  

What is the downside  of my selling  BFL ships under 500 units and AM shares do well.  IN this case I suffer less profit.

If I held and BFL ships lots more units at 2.5BTC per 5GH  AM stock will drop and my guaranteed profit of 30 coins which I took today and yesterday could drop to a loss. HEY anyone can be wrong but BFL is really shipping units  1 Jally = 16 usb sticks .  At least 100 jallys are delivered that is at least 1600 usb sticks .  

BFL price for 5GH = 2.5 btc  

AM price for 5Gh = 32 btc  

 I will take my sure profit and be happy until AM makes an adjustment.  Hey I rather be made a fool and have AM come up with a brilliant counter move.

you took the most negative numbers, if you calculate with blades, 50 BTC/10 Gh  it is AM price for 5Gh = 25 btc, the usb miner sticks are the most expensive ghash/$  , and with AM shares you buy part of the expanding company, and with mining hardware you have to keep expanding yourself , you know the income from it will decrease

 yes of course but the problem is BFL is more then 10X lower in price and they are really shipping the jallys.


 even if I use the blade price of 50BTC for 10Gh the jally price is  5 or  6 BTC for 10GH


 I rather be ahead of the curve and pull profit now.   

I think AM and everyone else  still believes BFL is BS .  Well fine if they are BS not fine if they are really going to ship the jallys in bulk AM needs to adjust now. 

2 jallys on may 21 now 102 jallys on june 4th means watch out and make a move do not walk around with a pair of blindfolds and earplugs.