ASICMINER: Entering the Future of ASIC Mining by Inventing It

[AngelSky]

The bears react instantly and the bulls are delayed. So you get a cliff in the share price because resistance is anemic.

yeah, but then you get a fast recovery when those bull coins get in.  The delay has to do with confirmation times, too.

The market has shown us twice this morning that AM at 3 is undervalued.

Yeah you said that 4-5 times already, WE GOT IT by now. But I know you are long on AM so you are trying to pump it up. The true value will be shown by market and its not undervalued by any means at 3, unless you are blind and dont see what is happening in mining BTC world you should see it too.

One smart guy here.

[ajk]

opinions are like assholes, we all got one and they all stink.

Im still under the assumption that friedcat will deliver for his investors, he has always done this and now that he is running a much larger operation im sure is much busier than what he once was, many can panic sell on no news, it happened for labcoin and all they had to do was come out and just post an update for it to rally up by almost 50%,

Not saying AsicMiner is going to have the same blow up but all it takes is a bit of good news, some will want to capitalize off the small opportunity but it only really works if you dont have a large number of shares, im still holding long because FC has always delivered and dont see that changing anytime soon considering this is his livelihood

[creativex]

Back into AM shares. FCs proven management and AMs market position are a good bet at these levels.    

[g83]

Good point to get into am for cheap

[tinus42]

I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?!

Yifu was above reproach once.

Now you're just spreading FUD.

[Vycid]

I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?!

Yifu was above reproach once.

Now you're just spreading FUD.

Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Fool me twice shame on me.

[Rebelution]

I don't care about low divs.
I don't care about falling share price.
What I only care about is WHERE IS FRIEDCAT'S UPDATE?!

Yifu was above reproach once.

Now you're just spreading FUD.

Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Yifu's commitment to customers is much different than Friedcat's commitment to his shareholders.  Customers have a right to know why their products are not shipping and what has caused the delays.  

Friedcat does not accept pre-orders, so he has no commitment to keep customers up to date on the manufacturing.  The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  With respect to his commitment to shareholders, it is his management style to release limited info so as to keep competitors (as well as shareholders) in the dark.  That is totally fine and its management's prerogative.  If you do not like the limited communication, then do not purchase shares--it's that simple.  Friedcat's commitment is to maximize value for shareholders, not to keep the speculators and short sellers informed of his activities.

[velacreations]

The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  

He didn't sell pre-orders, a reseller did, and FC helped to make it right.  But, it was not FC pre-selling.

[velacreations]

Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Fool me twice shame on me.

So, because of another company and their handling of product, you're saying FC is somehow scamming us?

[freedomno1]

The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  

He didn't sell pre-orders, a reseller did, and FC helped to make it right.  But, it was not FC pre-selling.

As a note Rockxie has money stuck that might be missing from this dividend
Coinbase lol
https://bitcointalk.org/index.php?action=profile;u=60803;sa=showPosts

Group buy stuff
https://bitcointalk.org/index.php?topic=265985.0;topicseen
https://bitcointalk.org/index.php?topic=270999.120
https://bitcointalk.org/index.php?topic=272566.40;topicseen

[Vycid]

Not really. I've seen this before - I was a victim, in fact. I said, "Yifu was a straight-shooter with the FPGAs and Batch 1. His batch 2 is a little delayed but I know he'll deliver", and I bought his damn chips.

Fool me twice shame on me.

So, because of another company and their handling of product, you're saying FC is somehow scamming us?

This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no?

I am saying your faith in FC is irrational.

[velacreations]

This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no?

I am saying your faith in FC is irrational.

Well, my faith is based on his actions.

I'm saying your criticism is irrational.

"someone else is an ass, so everyone is an ass"

[Vycid]

This argument was made when people warned about Yifu by pointing at Josh and BFL - "it's a different company!". Well, sure, but it proves the risks, no?

I am saying your faith in FC is irrational.

Well, my faith is based on his actions.

I'm saying your criticism is irrational.

"someone else is an ass, so everyone is an ass"

We're talking about ASIC companies here, not "everyone". There is a clear pattern and you should appreciate that risk.

[freedomno1]

This time might be worth a Friedcat appearance

[Rebelution]

The one time he accepted pre-orders and missed the projected delivery date, he offered refunds and made things right.  

He didn't sell pre-orders, a reseller did, and FC helped to make it right.  But, it was not FC pre-selling.

True, I glossed over that subtlety for the sake of brevity.

[OneBTCJay]

Anyone else notice the hashrate climbing the past day?

Was at 8% and now is at 12% according to http://blockchain.info/pools

What is the planned target hashrate for the soon to be added hardware?

[aahzmundus]

Anyone else notice the hashrate climbing the past day?

Was at 8% and now is at 12% according to http://blockchain.info/pools

What is the planned target hashrate for the soon to be added hardware?

It is a hashrate estimate... it is possible we are just getting lucky finding blocks / were unlucky before.  Target has always been 10% of the network, although historically we were much higher.  Why were we higher?  Because Friedcat knew he needed to get ahead when he could, so when he fell he fell back to the Target, and not far below it.

[eleuthria]

Anyone else notice the hashrate climbing the past day?

Was at 8% and now is at 12% according to http://blockchain.info/pools

What is the planned target hashrate for the soon to be added hardware?

It is a hashrate estimate... it is possible we are just getting lucky finding blocks / were unlucky before.  Target has always been 10% of the network, although historically we were much higher.  Why were we higher?  Because Friedcat knew he needed to get ahead when he could, so when he fell he fell back to the Target, and not far below it.

Don't forget that the initial deployments were put into production assuming there would already be competing products on the market, which meant ASICMINER heavily over-shot the target percentage of the network.  ASICMINER was planned to come out *after* BFL and Avalon deployment, and ended up beating both to the punch (the only other ASICs that existed at the time were the units given to jgarzik and Bitcoin Foundation).

[ThickAsThieves]

Just popping in with an update that I've been flying all day and that's why I haven't paid out our various TATI AM PT divs as quickly as usual.

I'm back and catching up now.

[Vycid]

@canth
I'm loving the shakeup. I got back onboard at 3.7 - and after seeing everyone freak out about low divs or other IPOs, I am glad to see the weak hands leave the boat.
In the end, some play it speculatively, others invest.

Yup - I've got no problem with the panic sells (of a few shares). The real price for any share is what you can sell > 0.1% of the shares for, in the case of AM at least 400. I don't remember seeing more than a few shares go for over 5 BTC nor do I think that anyone would sell 400 shares for under 3.5 BTC today. It's funny because this scenario is even more exaggerated on other stocks that don't frequently trade as much volume as AM does. Then people REALLY freak when the price plunges or takes off, even though only a few shares traded hands.

In general, as much as the prices fluctuate and as much as there's a noisy minority of disruptive shareholders posting incendiary crap, the majority of investors seem comfortable to buy and hold. If they didn't, the share volume traded would be much higher. I'm looking forward to seeing what kind of an operation Friedcat (and his competition) will be running in 6-12 months or more.

There is an fixed price auction @2.9 with over 1000 shares:

https://bitcointalk.org/index.php?topic=279016.0

Hey, is 1000 more than 400?