ASICMINER: Entering the Future of ASIC Mining by Inventing It

[JordanL]

Some malicious attacker should send out a 0.07 BTC/share dividend to ASICMINER share addresses, and dump their shares as people panic buy on PTs

  tries to do the math 

Wouldn't that take BTC28,000?

[SmiGueL]

Wouldn't that take BTC28,000?

Well, at least it's cheaper than candoo's idea of boosting the divs

Did anyone hear the rumours about a forced buyback for 3.64 btc per share? So he ill pay uy 3.64 btc per share as a dividend and thats all forever.

Would cost them around $60M to do....

NOT gonna happen

[tkone]

btc on the rise 104 each, i think it might be a drop or an incline ahead, i dont think 104 is stable

[freedomno1]

btc on the rise 104 each, i think it might be a drop or an incline ahead, i dont think 104 is stable

wrong thread, no one here cares about 4 btc price changes

Just repost this every once in a while for people who don't check the old pages

ASICMINER Speculation thread
https://bitcointalk.org/index.php?topic=235763.msg2507875#msg2507875

Also reminder send investor questions to TAT and others

[🏰 TradeFortress 🏰]

Well, they are well below the estimated 20%!
I'm not sure how to prove it statistically, but it surely looks like variance is not the sole responsible for the deviation...

Yeah, I don't think it's just luck now. Regardless, I'm sure everything will be OK in max of 48 hours.

[VeeMiner]

Well, they are well below the estimated 20%!
I'm not sure how to prove it statistically, but it surely looks like variance is not the sole responsible for the deviation...

Yeah, I don't think it's just luck now. Regardless, I'm sure everything will be OK in max of 48 hours.

it's true, there must be some problem because no blocks were found in a long time now. Anyway I'm also sure that the problem will be solved momentarily

[aahzmundus]

So... this thought came to me.

Previously Friedcat stated we had several 100's of TH on the way.  When it came clear that deploying all of that would make ASICMINER control too much of the hash power, they started selling hardware.  Current hash rate estimates show us maybe near 40th?  So we should have had at least 200th to sell.  How many blades do we think we have sold?  From my previous ballparks we were never close to selling 100th of power... can anyone come up with a good estimate?

Yet we ran out of blades to sell?  I think we should still have a bunch of blades... So a) Asicminer maybe has those blades deployed, yet not on... which would explain how we can easily add more hashing power quickly. b) those blades are in storage for later deployment c) some large player put in an EPIC buy order and bought ASICMINER out of blades, and this weeks div will be the most amazing thing ever.

But really... anyone care to go back and see how many TH of blades should have been produced by now, estimate how many we sold, estimate how many we are using, and then figure out how many are in limbo?

[SmiGueL]

So... this thought came to me.

Previously Friedcat stated we had several 100's of TH on the way.  When it came clear that deploying all of that would make ASICMINER control too much of the hash power, they started selling hardware.  Current hash rate estimates show us maybe near 40th?  So we should have had at least 200th to sell.  How many blades do we think we have sold?  From my previous ballparks we were never close to selling 100th of power... can anyone come up with a good estimate?

Yet we ran out of blades to sell?  I think we should still have a bunch of blades... So a) Asicminer maybe has those blades deployed, yet not on... which would explain how we can easily add more hashing power quickly. b) those blades are in storage for later deployment c) some large player put in an EPIC buy order and bought ASICMINER out of blades, and this weeks div will be the most amazing thing ever.

But really... anyone care to go back and see how many TH of blades should have been produced by now, estimate how many we sold, estimate how many we are using, and then figure out how many are in limbo?

First batch was ~12 TH/s, ~7 TH/s came online
Second batch was ~50 TH/s, big part is online, and partly sold.


friedcat only mentioned the first 100TH/s of the 200TH/s third batch came from the fab. _{(unassembled, only the chips)}

The wafer of the first half (100TH/s) of next batch is to be out of fab.

[aahzmundus]

Ok so we should have at minimum 100th in blades not sold, with 100 more that should have been part way through production, and honestly done with production by now... right?

I did some math and added up the difference between expected divs and actual divs for the last 5 weeks (the weeks since hardware sales, and also the weeks were SimiGuel's estimates first started being off).  I got a total of .085 per share from mining hardware sales over that time.  Take that times 400,000 and you get 34,024 bitcoins of profit.  Divide that by 50 and you get 680 blades.  Take that and multiply by 12gh and you get 8165gh sold.

NOTE this assumes we NEVER sold ANY USB miners, and I think most of us know the USB miners were the MAIN source of HW sales profit.  Basically the th sold in blades is a massive over-estimate.  So... knowing this... where are the rest of the blades?  Are they held for deployment?  Or like I keep hope, did some HUGE player just buy out all of ASICMINERS backstock?

Please check my math, tear my argument to pieces, come up with other ideas.. but try and help me answer this question.  How the hell are we out of blades with how many we have sold?

[empoweoqwj]

Ok so we should have at minimum 100th in blades not sold, with 100 more that should have been part way through production, and honestly done with production by now... right?

I did some math and added up the difference between expected divs and actual divs for the last 5 weeks (the weeks since hardware sales, and also the weeks were SimiGuel's estimates first started being off).  I got a total of .085 per share from mining hardware sales over that time.  Take that times 400,000 and you get 34,024 bitcoins of profit.  Divide that by 50 and you get 680 blades.  Take that and multiply by 12gh and you get 8165gh sold.

NOTE this assumes we NEVER sold ANY USB miners, and I think most of us know the USB miners were the MAIN source of HW sales profit.  Basically the th sold in blades is a massive over-estimate.  So... knowing this... where are the rest of the blades?  Are they held for deployment?  Or like I keep hope, did some HUGE player just buy out all of ASICMINERS backstock?

Please check my math, tear my argument to pieces, come up with other ideas.. but try and help me answer this question.  How the hell are we out of blades with how many we have sold?

Why not ask the only person who knows?

[binaryFate]

Sorry I miss something, how do we know that we are out of blades?

[ThickAsThieves]

Ok so we should have at minimum 100th in blades not sold, with 100 more that should have been part way through production, and honestly done with production by now... right?

I did some math and added up the difference between expected divs and actual divs for the last 5 weeks (the weeks since hardware sales, and also the weeks were SimiGuel's estimates first started being off).  I got a total of .085 per share from mining hardware sales over that time.  Take that times 400,000 and you get 34,024 bitcoins of profit.  Divide that by 50 and you get 680 blades.  Take that and multiply by 12gh and you get 8165gh sold.

NOTE this assumes we NEVER sold ANY USB miners, and I think most of us know the USB miners were the MAIN source of HW sales profit.  Basically the th sold in blades is a massive over-estimate.  So... knowing this... where are the rest of the blades?  Are they held for deployment?  Or like I keep hope, did some HUGE player just buy out all of ASICMINERS backstock?

Please check my math, tear my argument to pieces, come up with other ideas.. but try and help me answer this question.  How the hell are we out of blades with how many we have sold?

We already know that some blades were sold to distributors, but we don't know the terms of those deals. Last I checked blades can still be purchased via 3rd party.

I recommend just sitting tight a couple days to see how things unfold. Maybe have some relaxing tea

[Franktank]

I recommend just sitting tight a couple days to see how things unfold. Maybe have some relaxing tea

This, no need to get panties in a bunch because friedcat's not updating on a daily basis. You bought in because you trusted friedcat's decision making, unlike those "other ASIC companies"....

[binaryFate]

I recommend just sitting tight a couple days to see how things unfold. Maybe have some relaxing tea

This, no need to get panties in a bunch because friedcat's not updating on a daily basis. You bought in because you trusted friedcat's decision making, unlike those "other ASIC companies"....

No need, but this is entertaining to squeeze any possible information out of what are publicly available facts. 

[romerun]

any clue why am is 9% as of now ?

[stripykitteh]

Please check my math, tear my argument to pieces, come up with other ideas.. but try and help me answer this question.  How the hell are we out of blades with how many we have sold?

I don't think AM is out of blades.

This is just supposition on my part, drawing inferences on how friedcat has behaved so far.

I think friedcat knew that the blades weren't a good deal for buyers anymore at 50BTC so he pulled them and will either sell them in bulk in private at a discount or deploy them to keep the network share up (or a bit of both).

The alternative would have been to drop the price the public pays every time the difficulty went up. The problem with that is that it encourages people to hold off on purchases to wait for a bargain. I think friedcat is a smart enough businessman (smarter than basically everyone, heh) to know that mining is a classic repeat customer business. If you screw over your customers the way some other vendors are doing at the moment, they'll think twice about dealing with you again. However, if you under promise and over deliver, they'll beat a path to your door, again and again.

So he puts blades on sale for a while, then takes them off when they're no longer a good deal. People will learn that if they want AM products, it's best to get in early when the rewards are best, as they'll offer the best return early and won't be on sale forever.

In a few weeks, a refreshed product will come out at a lower price point with better features. Demand will have built up again, and early purchasers will have had a few weeks of less competition from other sales.

EDIT: Dimly recall from some marketing seminars that products are all about a "promise" - shinier hair, whiter teeth, attractive to the opposite sex, etc. Most other vendors doing pre-orders are selling a "gamble". AM is selling (relative) certainty. "Order this product today, have it in 5 days and start using it." That's a clear point of difference that no-one else has yet offered.

EDIT #2: That's also why I've noticed a lot of AM haters coming out of the woodwork. They look at the AM offering and scoff "how can you pay that much per Ghash? I can get xxx Ghash for $yyy from Company ZZZ. AM customers are all stupid." Those people are not in AM's target market (they really want a gamble, or they are possibly just self-deluded about when they will get their hardware) so they mock anyone who doesn't think the same way they do.

[ianp]

any clue why am is 9% as of now ?

Steady decline over the last 5 days..

http://www.dpcapital.net/blockchain/?hours=120,96,72,48,24

[Franktank]

any clue why am is 9% as of now ?

Steady decline over the last 5 days..

http://www.dpcapital.net/blockchain/?hours=120,96,72,48,24

"The night is darkest just before the dawn. And I promise you, the dawn is coming..." - Harvey Dent, The Dark Knight

[Eric Muyser]

c) some large player put in an EPIC buy order and bought ASICMINER out of blades, and this weeks div will be the most amazing thing ever.

I'm optimistic about this...

[wtfvanity]

Sorry I miss something, how do we know that we are out of blades?

I guess we don't know for sure, but Friedcat at least is not selling the hardware, he updated the sales thread for that saying they are out of stock.