ASICMINER: Entering the Future of ASIC Mining by Inventing It

[KarmaShark]

On an unrelated note, is everyone as excited as I am to see what tomorrows bitcoin Christmas will bring?

With less than 24hrs until that package comes down the chimney, speculation abounds. I have been studying this system on my own for the last few weeks in an attempt to understand fully how AM makes their money. Many other shareholders have taken this to another level and are tracking the companies mining and sales performances (given the visibility).

They keep scaling up the TH's vs. network difficulty and new kids showing up on the block (Avalon and the odd BFL loner), at this rate they seem poised to hold this position well into the Fall of this year. Exciting times mon!

[runeks]

I really wish we would receive financial statements as well as any forward statements regarding R&D. I am very interested to see what ASICMINER's CapEx looks like. I believe this is where a major catalyst lies and not much has been said on the subject.

Please send this question to whomever it is that is collecting questions for friedcat.

A Bitfountain board member posted in this thread some days ago, suggesting that we assemble questions for friedcat, since he doesn't have time to read through this thread (who can blame him!).

Then that person will remove duplicate questions, and pass them on to friedcat. I'm interesting in hearing about R&D, and just general 2nd generation ASIC information as well.

[ianp]

I really wish we would receive financial statements as well as any forward statements regarding R&D. I am very interested to see what ASICMINER's CapEx looks like. I believe this is where a major catalyst lies and not much has been said on the subject.

Please send this question to whomever it is that is collecting questions for friedcat.

A Bitfountain board member posted in this thread some days ago, suggesting that we assemble questions for friedcat, since he doesn't have time to read through this thread (who can blame him!).

Then that person will remove duplicate questions, and pass them on to friedcat. I'm interesting in hearing about R&D, and just general 2nd generation ASIC information as well.

You can send questions to myself, Franktank, VJain or ThickAsThieves to be included in the voting.

[binaryFate]

I really wish we would receive financial statements as well as any forward statements regarding R&D. I am very interested to see what ASICMINER's CapEx looks like. I believe this is where a major catalyst lies and not much has been said on the subject.

Please send this question to whomever it is that is collecting questions for friedcat.

The more strategic the more interesting it would be for all of us who are interested in these future developments. But the more strategic the less chance there is for this info to be made public.
You can ask about that it's free to try, but in my opinion there is no chance to know anything. For instance if and how much the 2nd gen is already planned, this is critical at the moment, no company will go around telling about that. Unless maybe BFL to take pre-orders.

[g83]

Any speculations about sharepricedevelopment?

[TsuyokuNaritai]

Any speculations about sharepricedevelopment?

Well, all the big ask walls around BTC2.5 on https://btct.co/security/ASICMINER-PT have been eaten in the last 12 hours or so since ASICMiner became the largest pool (although it's back in 3rd place right now (blockchain.info/pools).

Anyone who wants more shares in the near future may be kicking themselves if they don't get them soon. After a 3 week pause the train might be about to leave the station again.

[candoo]

Any speculations about sharepricedevelopment?

Well, all the big ask walls around BTC2.5 on https://btct.co/security/ASICMINER-PT have been eaten in the last 12 hours or so since ASICMiner became the largest pool (although it's back in 3rd place right now (blockchain.info/pools).

Anyone who wants more shares in the near future may be kicking themselves if they don't get them soon. After a 3 week pause the train might be about to leave the station again.

Yeah we are  heading to 3.X BTC per share in the next few days/weeks

[bobboooiie]

If we hit 0.04xxx div that sure will help

[VJain]

If we hit 0.04xxx div that sure will help

Would be nice, but might be difficult since I'm assuming hardware sales decrease as time goes by, and our mining income (as per the charts) hasn't increased since last week.

My guess is a lower dividend than last week (due to less Sales revenue). I hope I'm wrong though .

[Factory]

The more strategic the more interesting it would be for all of us who are interested in these future developments. But the more strategic the less chance there is for this info to be made public.
You can ask about that it's free to try, but in my opinion there is no chance to know anything. For instance if and how much the 2nd gen is already planned, this is critical at the moment, no company will go around telling about that. Unless maybe BFL to take pre-orders.

There is likely a great range of potential information. I'm sure there is information they could diverge without compromising their strategic position.

[bobboooiie]

The more strategic the more interesting it would be for all of us who are interested in these future developments. But the more strategic the less chance there is for this info to be made public.
You can ask about that it's free to try, but in my opinion there is no chance to know anything. For instance if and how much the 2nd gen is already planned, this is critical at the moment, no company will go around telling about that. Unless maybe BFL to take pre-orders.

There is likely a great range of potential information. I'm sure there is information they could diverge without compromising their strategic position.

They probably just dont want to be like everyone else at the moment and feed people promises until they have something on their hands.

[lophie]

They probably just dont want to be like everyone else at the moment and feed people promises until they have something on their hands.

+1, What I always liked about ASICMINER since the IPO when BFL and bASIC were all the hype and ASICMINER was the new kid on the block who states that "I won't sell them I would make them and mine with them", Then suddenly BAM 5TH!

[kokojie]

Any speculations about sharepricedevelopment?

We will see above BTC3 this year for sure.

[huhai0978]

edit:
Can anybody tell me how this newly created block can be 'worth' 33.7BTC?
https://blockchain.info/tx/0d940ffe19e9ba005790c01101f9a317229bffb50b31e509e50dd81cb77615dc
_{(the rest of the new blocks is about 25BTC + ~1% extra because of the transactions fees , not 34% )}

My guess: Someone spent 8.7 Btc as fee.
Maybe he wanted to do the miners a favour :3
(or more likely it was an accident)

It is NOT an accident. Check the address: https://blockchain.info/address/1MsmThtteKPu6fWxwn2SMDEnmJex3vKSBk?offset=0&filter=0
It consistently pays large TX fees. I hope someone find out what kind of appliction this is.

[Exocyst]

If ASICMINER can hold a 25% hashing share, then the average weekly income (in BTC per share) would be 0.01575 BTC/share.

Disregarding revenue from hardware sales, if we annualize just mining returns over 52 weeks,
then one ASICMINER share should return 0.819 BTC which yields incredible annual returns even at high share prices:
2.5BTC : 32.8%
3.0BTC : 27.3%
3.5BTC : 23.4%
4.0BTC : 20.5%
5.0BTC : 16.4%
10.0BTC : 8.2%

Obviously, I have not included operating expenses such as electricity, R&D, new equipment, nor have I included the income from sales of mining hardware. For this period in ASIC rollout, revenues from mining hardware sales will far outweigh operations and development costs.

Honestly, I realize that the people who were early investors in ASICMINER have made out so good that late comers may feel they have missed the boat on ASICMINER. However, in reality, a 10% annual return on investment is a fantastic dividend, which means buying into ASICMINER will continue to be a very good investment so long as they can keep up the hashrate. IMO shares of ASICMINER are still massively undervalued. There simply isn't another Security out there that grows your BTC's quite as effectively as ASICMINER. Personally, I am dumbfounded as to why people aren't more desperate to be holding ASICMINER shares.

My two µBTC
-Exo

[bitzox]

If ASICMINER can hold a 25% hashing share, then the average weekly income (in BTC per share) would be 0.01575 BTC/share.

Disregarding revenue from hardware sales, if we annualize just mining returns over 52 weeks,
then one ASICMINER share should return 0.819 BTC which yields incredible annual returns even at high share prices:
2.5BTC : 32.8%
3.0BTC : 27.3%
3.5BTC : 23.4%
4.0BTC : 20.5%
5.0BTC : 16.4%
10.0BTC : 8.2%

Obviously, I have not included operating expenses such as electricity, R&D, new equipment, nor have I included the income from sales of mining hardware. For this period in ASIC rollout, revenues from mining hardware sales will far outweigh operations and development costs.

Honestly, I realize that the people who were early investors in ASICMINER have made out so good that late comers may feel they have missed the boat on ASICMINER. However, in reality, a 10% annual return on investment is a fantastic dividend, which means buying into ASICMINER will continue to be a very good investment so long as they can keep up the hashrate. IMO shares of ASICMINER are still massively undervalued. There simply isn't another Security out there that grows your BTC's quite as effectively as ASICMINER. Personally, I am dumbfounded as to why people aren't more desperate to be holding ASICMINER shares.

My two µBTC
-Exo

typical pump and dump....without the dump

[aahzmundus]

Runeks, love your chart!  Would it be possible to adjust your second chart, or add a new one, so that there is an overlay of the previous week(s)?  Basically I want to easily at a glance see if we are doing better or worse then last week without having to hover over the line and count the days.  Donations incoming after I get my next divs (spent last weeks on hookers and blow already) as I realize I look at your chart daily, and I have yet to donate to you!

Is this what you had in mind?



It shows that we were way ahead last week, compared to the previous week, but at about the same level this week compared to last week.

It also shows the interesting effect of variance, when comparing this weeks increase in total mining rewards with last week's. We can see it went faster last week for a period (the red line rises faster than the blue line), but that current week's mined BTC caught up with it along the way, which it should if we're mining at the same speed. In fact, if we're mining at the same speed, the lines might divert for a bit, but should always converge at some point, which is what we're seeing.

Good call about adding this chart! It's very useful for investors who'd like to know how we're doing compared to last week.

This is pretty much exactly what I wanted.  I don't know if it is possible to add a drop down or some such thing to be able to move the "history" graph so you can compare week X to current week, instead of just the last week. Or maybe just have two charts.... one for "Best week" and one for "Last week" since those would be the two most interesting data points.

Either way, you have done amazing, and I found some bitcoin laying around so enjoy the donation! Also... you changed the link text of your donation link, but not the actual link... so in my QT client I sent the donation to your old address and not your new armory one because I was too lazy to copy paste.

[crashoveride54902]

If ASICMINER can hold a 25% hashing share, then the average weekly income (in BTC per share) would be 0.01575 BTC/share.

Disregarding revenue from hardware sales, if we annualize just mining returns over 52 weeks,
then one ASICMINER share should return 0.819 BTC which yields incredible annual returns even at high share prices:
2.5BTC : 32.8%
3.0BTC : 27.3%
3.5BTC : 23.4%
4.0BTC : 20.5%
5.0BTC : 16.4%
10.0BTC : 8.2%

Obviously, I have not included operating expenses such as electricity, R&D, new equipment, nor have I included the income from sales of mining hardware. For this period in ASIC rollout, revenues from mining hardware sales will far outweigh operations and development costs.

Honestly, I realize that the people who were early investors in ASICMINER have made out so good that late comers may feel they have missed the boat on ASICMINER. However, in reality, a 10% annual return on investment is a fantastic dividend, which means buying into ASICMINER will continue to be a very good investment so long as they can keep up the hashrate. IMO shares of ASICMINER are still massively undervalued. There simply isn't another Security out there that grows your BTC's quite as effectively as ASICMINER. Personally, I am dumbfounded as to why people aren't more desperate to be holding ASICMINER shares.

My two µBTC
-Exo

couldn't agree with you more...and i am desperate to get more...cashing in a small IRA to buy more btc to do just that just wish i had money to buy shares

EDIT: and yes i feel like i missed the boat..but not just any boat...the golden boat...but can you really miss a boat if you didn't know about btc back then?

[VJain]

If ASICMINER can hold a 25% hashing share, then the average weekly income (in BTC per share) would be 0.01575 BTC/share.

Disregarding revenue from hardware sales, if we annualize just mining returns over 52 weeks,
then one ASICMINER share should return 0.819 BTC which yields incredible annual returns even at high share prices:
2.5BTC : 32.8%
3.0BTC : 27.3%
3.5BTC : 23.4%
4.0BTC : 20.5%
5.0BTC : 16.4%
10.0BTC : 8.2%

Obviously, I have not included operating expenses such as electricity, R&D, new equipment, nor have I included the income from sales of mining hardware. For this period in ASIC rollout, revenues from mining hardware sales will far outweigh operations and development costs.

Honestly, I realize that the people who were early investors in ASICMINER have made out so good that late comers may feel they have missed the boat on ASICMINER. However, in reality, a 10% annual return on investment is a fantastic dividend, which means buying into ASICMINER will continue to be a very good investment so long as they can keep up the hashrate. IMO shares of ASICMINER are still massively undervalued. There simply isn't another Security out there that grows your BTC's quite as effectively as ASICMINER. Personally, I am dumbfounded as to why people aren't more desperate to be holding ASICMINER shares.

My two µBTC
-Exo

couldn't agree with you more...and i am desperate to get more...cashing in a small IRA to buy more btc to do just that just wish i had money to buy shares

EDIT: and yes i feel like i missed the boat..but not just any boat...the golden boat...but can you really miss a boat if you didn't know about btc back then?

Calculate in Dividend Reinvestment and you get even more than that . Currently, ASICMINER is my second (and most stable at 1.5% weekly) btc income source. The other being loans (higher risk).

[freedomno1]

It will break this resistance once all the walls are broken