ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fabrizio89]

..

[stripykitteh]

Any idea how many blades have been sold since the last div?

Not sure. I think this may partly explain why the mining divs are higher at the moment. AM have decided to push stock on hand into the farm rather than sell it. When the new blades are available there should be a nice bit of pent-up demand for them, especially if the price is lower.

We greedy shareholders should be prepared to consider dividends could be a little lower for a few weeks.

[empoweoqwj]

(Intro Post)

Phew - managed to read all 377 pages in around 24 hrs. Favorite line was:

"First $100M company without a website."

Not just because it was funny, but because its a nicely contrarian concept in the internet era that you can still build a $100M internet business in under a year without a website, particularly apt when every Mom+Pop store has been told for 10 years "you must have a website, everyone has a website these days". Wrong, and demonstrably, not needed!

Other quick points:
1) Difference between AM and BFL light and day. I read one thread where BFL_JOSH was having a slanging match with a potential customer. His language and attitude was of a 13-year old with behavioural difficulties, not a CEO. Its very easy to see why BFL don't deliver if that is the quality of people they have. Whereas friedcat has been polite, to the point, honest in every single post. Props to friedcat, and all his staff.

2) I think the T-shirt should have been a Chinese-style Wok to fry the cat in, but its still cool, sure friedcat isn't bothered either way

3) I wish I had come across AM even a few months ago, instead of yesterday, then I could have got shares for 1BTC or something instead of the 2.5BTC I paid yesterday. But I don't have a time machine any more, Stewie Griffen stole it.

4) I wish I had bought shares on a Tuesday instead of Thursday, live and learn ;-)

Congrats to everyone that got in at the IPO, but even at 2.5, I think there is plenty of room for expansion, because friedcat has delivered on everything. That is very very rare in any start-up.

I'm in this for the long-term, and nice to meet fellow AM shareholders. You're an entertainining group of indidividuals, and as pointed out, great chartists!!

cheers,

[velacreations]

(Intro Post)

Phew - managed to read all 377 pages in around 24 hrs. Favorite line was:

"First $100M company without a website."

Not just because it was funny, but because its a nicely contrarian concept in the internet era that you can still build a $100M internet business in under a year without a website, particularly apt when every Mom+Pop store has been told for 10 years "you must have a website, everyone has a website these days". Wrong, and demonstrably, not needed!

Other quick points:
1) Difference between AM and BFL light and day. I read one thread where BFL_JOSH was having a slanging match with a potential customer. His language and attitude was of a 13-year old with behavioural difficulties, not a CEO. Its very easy to see why BFL don't deliver if that is the quality of people they have. Whereas friedcat has been polite, to the point, honest in every single post. Props to friedcat, and all his staff.

2) I think the T-shirt should have been a Chinese-style Wok to fry the cat in, but its still cool, sure friedcat isn't bothered either way

3) I wish I had come across AM even a few months ago, instead of yesterday, then I could have got shares for 1BTC or something instead of the 2.5BTC I paid yesterday. But I don't have a time machine any more, Stewie Griffen stole it.

4) I wish I had bought shares on a Tuesday instead of Thursday, live and learn ;-)

Congrats to everyone that got in at the IPO, but even at 2.5, I think there is plenty of room for expansion, because friedcat has delivered on everything. That is very very rare in any start-up.

I'm in this for the long-term, and nice to meet fellow AM shareholders. You're an entertainining group of indidividuals, and as pointed out, great chartists!!

cheers,

awesome first post, welcome to the club, and get ready for your shares to hit 3 btc this weekend!

[hl5460]

Any idea how many blades have been sold since the last div?

Not sure. I think this may partly explain why the mining divs are higher at the moment. AM have decided to push stock on hand into the farm rather than sell it. When the new blades are available there should be a nice bit of pent-up demand for them, especially if the price is lower.

We greedy shareholders should be prepared to consider dividends could be a little lower for a few weeks.

It's a friendly reminder to all greedy shareholders.

[freedomno1]

(Intro Post)

Phew - managed to read all 377 pages in around 24 hrs. Favorite line was:

"First $100M company without a website."

Not just because it was funny, but because its a nicely contrarian concept in the internet era that you can still build a $100M internet business in under a year without a website, particularly apt when every Mom+Pop store has been told for 10 years "you must have a website, everyone has a website these days". Wrong, and demonstrably, not needed!

Other quick points:
1) Difference between AM and BFL light and day. I read one thread where BFL_JOSH was having a slanging match with a potential customer. His language and attitude was of a 13-year old with behavioural difficulties, not a CEO. Its very easy to see why BFL don't deliver if that is the quality of people they have. Whereas friedcat has been polite, to the point, honest in every single post. Props to friedcat, and all his staff.

2) I think the T-shirt should have been a Chinese-style Wok to fry the cat in, but its still cool, sure friedcat isn't bothered either way

3) I wish I had come across AM even a few months ago, instead of yesterday, then I could have got shares for 1BTC or something instead of the 2.5BTC I paid yesterday. But I don't have a time machine any more, Stewie Griffen stole it.

4) I wish I had bought shares on a Tuesday instead of Thursday, live and learn ;-)

Congrats to everyone that got in at the IPO, but even at 2.5, I think there is plenty of room for expansion, because friedcat has delivered on everything. That is very very rare in any start-up.

I'm in this for the long-term, and nice to meet fellow AM shareholders. You're an entertainining group of indidividuals, and as pointed out, great chartists!!

cheers,

Glad to have another person who did their research
And I apologize for not sending the shirt designer a t-shirt image of a Chinese style Wok
(Chinese version if someone wants to make it)
Cat floating above frying pan
Cat in frying pan
Cat in Wok
Sees this logically evolving lols

Any idea how many blades have been sold since the last div?

Not sure. I think this may partly explain why the mining divs are higher at the moment. AM have decided to push stock on hand into the farm rather than sell it. When the new blades are available there should be a nice bit of pent-up demand for them, especially if the price is lower.

We greedy shareholders should be prepared to consider dividends could be a little lower for a few weeks.

It's a friendly reminder to all greedy shareholders.

I'm good with just the mining estimate if the extra funds are being put to good use

[Fabrizio89]

..

[tkone]

asicminer doing great i think its top pool right now, and seems like theres been some terahash taken off the network about 15 maybe 20, and now asicminer is 25.8% network according to the charts,

really good news, also on a side note asicminer share on btc tc is going for almost 3btc each, 2.9 was the last trade!! wow!

now if only bitcoin can go back up to 130 each again haha!

patience patience is a virtue here in this game!

edit: didnt asicminer say they have an easy 100-200 terhash that can easily be put on the network in a month or less? and that was like 2 months ago lols, imagine now? i think asicminer can easily be 99% networks if they wanted roflmao!

[ronaldlee0917]

I think we might see 3btc per share today.

[Eric Muyser]

We're not going to 3 BTC guys...

We're going to 3.5 BTC. How long did it stay 2 BTC? Not very. Enthusiasm brings us to a middle-ground. We see 3 BTC. We want 4 BTC. We settle for 3.5 BTC.

[freedomno1]

We're not going to 3 BTC guys...

We're going to 3.5 BTC. How long did it stay 2 BTC? Not very. Enthusiasm brings us to a middle-ground. We see 3 BTC. We want 4 BTC. We settle for 3.5 BTC.

But of course

[Lohoris]

Not just because it was funny, but because its a nicely contrarian concept in the internet era that you can still build a $100M internet business in under a year without a website, particularly apt when every Mom+Pop store has been told for 10 years "you must have a website, everyone has a website these days". Wrong, and demonstrably, not needed!

I disagree.

AM managed to prosper without a site because his competitors were either utter incompetents or at least quite slow: since AM actually delivered, people bought into that.

However not having a proper website - in general - hurts your potential and current customers, searching for informations about you.
The fact that AM has de facto monopoly over Bitcoin ASICs (not counting the vapour ones, of course), has much lessened this "problem".

[Vycid]

A couple pages back I mentioned I was buying ASICMiner puts with a 90 day expiration, a strike of 1.8BTC, and a premium of 0.14BTC.

I've been (unsurprisingly) getting more interest about this after the price spike. I obviously cannot offer the same deal after the price spike. Based on the new price of 2.8, I am offering the following:

Buying puts with 90 day exp, strike of 1.95BTC, and premium of 0.14BTC. BTCT preferred.

[Betatester]

We're not going to 3 BTC guys...

We're going to 3.5 BTC. How long did it stay 2 BTC? Not very. Enthusiasm brings us to a middle-ground. We see 3 BTC. We want 4 BTC. We settle for 3.5 BTC.

At a price of 5 BTC this share gives you a rock solid yearly return of more than 20%. This is from mining alone. Considering the growth potential, the value cannot be undererestimated. Probably in the 10 to 15 range.

[VeeMiner]

We're not going to 3 BTC guys...

We're going to 3.5 BTC. How long did it stay 2 BTC? Not very. Enthusiasm brings us to a middle-ground. We see 3 BTC. We want 4 BTC. We settle for 3.5 BTC.

At a price of 5 BTC this share gives you a rock solid yearly return of more than 20%. This is from mining alone. Considering the growth potential, the value cannot be undererestimated. Probably in the 10 to 15 range.

on the other hand if every share would be worth 5 BTC, then the company would be worth pretty much 2 000 000 BTC, which is 17 percent of bitcoins in circulation, that would be a lot, some could say too much

[CanadianGuy]

We're not going to 3 BTC guys...

We're going to 3.5 BTC. How long did it stay 2 BTC? Not very. Enthusiasm brings us to a middle-ground. We see 3 BTC. We want 4 BTC. We settle for 3.5 BTC.

At a price of 5 BTC this share gives you a rock solid yearly return of more than 20%. This is from mining alone. Considering the growth potential, the value cannot be undererestimated. Probably in the 10 to 15 range.

on the other hand if every share would be worth 5 BTC, then the company would be worth pretty much 2 000 000 BTC, which is 17 percent of bitcoins in circulation, that would be a lot, some could say too much

nothing wrong with too much..

[tkone]

only 17%? we are mining atleast 20% and can easily mine more! plus we get more from transaction fees, plus more from hw sales! i think 17% of all bitcoins is a bit low lols

[VeeMiner]

only 17%? we are mining atleast 20% and can easily mine more! plus we get more from transaction fees, plus more from hw sales! i think 17% of all bitcoins is a bit low lols

alright, then the share price should be 5 BTC

on a side note - it seems that ASICMINER has now all the hashrate on solomining, I don't see any hashrate left on BTCGuild...

[circuitry]

I hope the facilties are being taken care of by a good security team. Not to be a tinfoilhatter but the more success you have, the more enemies you make. Certain people would be very happy now if the AsicMiner hashing farm were to *accidentally* blow up.

[empoweoqwj]

I hope the facilties are being taken care of by a good security team. Not to be a tinfoilhatter but the more success you have, the more enemies you make. Certain people would be very happy now if the AsicMiner hashing farm were to *accidentally* blow up.

Sure, but AM has been the farm to watch for a while now. I don't the risk of being blow up has appreciated considerably just because of the last week or two.

Still, a plant somewhere else on the planet would sense. Many major electronics companies (Sony, Seagate) suffered heavily when the Thai eastern seaboard flooded a year or two back and took out all kinds of kit that wasn't being made anywhere else.