ASICMINER: Entering the Future of ASIC Mining by Inventing It

[shawshankinmate37927]

You've made some good points, but the relentlessness of your arguing belies a need to rationalize your decision to sell AM.  

It's important to have two sets of opinions, but there are three key questions for the bulls of AM:

1. Where are long-promised financial statements? They should take about 1 day for a competent person to complete, yet months have passed.

2. Why is AM only holding circa 10% of hash-rate?

3. What are the transaction fees earned that so many people are holding as being the holy grail for valuations?

Have these been added to TAT's list already?  

About #2, I'm not sure we need to hear the moment by moment excuses for the ongoing problems,  setup and deployment issues, etc. of mining operations. 

AM's hash rate has been steadily dropping both in nominal and real terms for about a week now.  I'm not interested in excuses, but an explanation would be nice.  It would also be nice to hear a little bit more about how they perceive the competition and how they plan to maintain a consistent percentage of the total network hash rate going forward.  That way shareholders can make a more informed decision regarding the viability of AM's strategy.

[VolanicEruptor]

This means that even if the hasrate we can see is lower, it doesn't mean that their power on the network revenue is decreasing.

[shawshankinmate37927]

I will link this once again: https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821 and highlight this:

We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This means that even if the hasrate we can see is lower, it doesn't mean that asicminer power on the network is decreasing.

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

[velacreations]

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

I think it's a fair request to get an update from FC concerning the mining operation.  We're long overdue for some info on that part of the business.

[hammurabi]

I will link this once again: https://bitcointalk.org/index.php?topic=99497.msg2788821#msg2788821 and highlight this:

We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This means that even if the hasrate we can see is lower, it doesn't mean that asicminer power on the network is decreasing.

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

OMG! He is not an oracle so he used that phrase to speak the truth, yet keep some room for decision making along the way.
Excessive is what is more profitable to sell directly instead of deploying.

There were couple of batches ordered from foundry (from my memory):
Early this year something about 12.5 which was deployed long time ago.
Then another 50TH which was deployed or sold recently.
Now 250 Thash which is on the way.
After that 1000Thash/s near the end of the year.

And I think we are informed quite well.

[ex-trader]

3. Why are you holding bitcoins and investing in a mining venture if you don't understand the basics of the system?

I know what transactions fees are.

I merely think that AM should state how many it is earning.

[shawshankinmate37927]

It would help if friedcat could specify what he considers "excessive hashing power".  Otherwise, we are left guessing exactly what that means.  When this statement was first released, I assumed he was referring to new mining equipment that was not even online yet.  All I'm asking for is that a little more information be provided when communicating with shareholders so they don't get spooked as the network hashrate continues to rise exponentially.

OMG! He is not an oracle so he used that phrase to speak the truth, yet keep some room for decision making along the way.
Excessive is what is more profitable to sell directly instead of deploying.

There were couple of batches ordered from foundry (from my memory):
Early this year something about 12.5 which was deployed long time ago.
Then another 50TH which was deployed or sold recently.
Now 250 Thash which is on the way.
After that 1000Thash/s near the end of the year.

And I think we are informed quite well.

It doesn't take an oracle to announce an intention to take 10 to 20 TH of mining equipment offline and then rent it out or sell it, if that is in fact what is happening.  Speculation and conjecture from fellow shareholders is great, but something more definitive would be even better and I don't think that's asking for too much.

[eb3full]

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

[velacreations]

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

is it one of the PT operators (burnside, TAT, deadterra)?

[kopipe]

I'm the guy behind the 3559 share auction. I'm taking my auction down as I've found someone to sell to on commission for a longer period of time.

is it one of the PT operators (burnside, TAT, deadterra)?

+1

[eb3full]

It's not one of the PT operators lol

[ajk]

Damn eb, talk about right place right time your account is a year old and you got to ride both the BTC and AM train, im crying on the inside of how much wealthier I would be had I known about the securities section.. Fuck.

forgot to add: Congrats!

[CMMPro]

Wow, must be a f'n big whale to be able to buy ~15,000  btc worth!
Even over a time frame that is a huge boost in my confidence of the stock.

[neilol]

Wow, must be a f'n big whale to be able to buy ~15,000  btc worth!
Even over a time frame that is a huge boost in my confidence of the stock.

True - but it sounds like the person is just going to sell his shares slowly on comish

[VolanicEruptor]

Wow, must be a f'n big whale to be able to buy ~15,000  btc worth!
Even over a time frame that is a huge boost in my confidence of the stock.

True - but it sounds like the person is just going to sell his shares slowly on comish

I heard that too!  My fortune cookie told me..

[freedomno1]

On a tangent how are you guys in general reacting to the German news  
https://bitcointalk.org/index.php?topic=277282.0

(As a note this is in relation to the safety of bitcoin stocks which is why its not a true off topic in the AM thread)
Not that you guys haven't gone on a tangent now and then 

[aahzmundus]

Wow, must be a f'n big whale to be able to buy ~15,000  btc worth!
Even over a time frame that is a huge boost in my confidence of the stock.

I would bet it is TAT, I will do some analysis on the block chain Wednesday to try and figure out who it is if they do not come out themselves XD.

[tinus42]

Wow, must be a f'n big whale to be able to buy ~15,000  btc worth!
Even over a time frame that is a huge boost in my confidence of the stock.

I would bet it is TAT, I will do some analysis on the block chain Wednesday to try and figure out who it is if they do not come out themselves XD.

The man said it's not one of the PT operators. TAT is a PT operator. So it's not him.

[wo0x]

Just as a sidenote, but important for future of Bitcoin and therefore a perspective for AM:

http://rt.com/news/bitcoin-germany-recognize-currency-641/

Best regards, wo0x

[SaintFlow]

Just as a sidenote, but important for future of Bitcoin and therefore a perspective for AM:

http://rt.com/news/bitcoin-germany-recognize-currency-641/

Best regards, wo0x

Its also on www.tagesschau.de / which is the offical german news channel that is payed
with the GEZ "tax" (kind of a you have to pay for our propaganda tax-law).