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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3509645 times)
velacreations
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August 22, 2013, 04:43:35 AM
 #11581

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

how many whales are there?  and what constitutes a whale?

I'm barely a goldfish, but it would be interesting to know.
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TheSwede75
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August 22, 2013, 04:46:22 AM
 #11582

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

how many whales are there?  and what constitutes a whale?

I'm barely a goldfish, but it would be interesting to know.

I would prob say that anyone close to board-seat qualifies. So between 3-5k shares? I'd def say that 10k BTC can cause quite a swing when they move around enough.
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August 22, 2013, 04:48:01 AM
 #11583

I would prob say that anyone close to or over board-seat qualifies. So between 3-5k shares?

How many board seats do you have, Swede?

Quote
I'd def say that 10k BTC can cause quite a swing when they move around enough.
with 10k btc, you could crash every single security out there, and make up whatever story you wanted for the reasons.
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August 22, 2013, 04:49:10 AM
 #11584

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.

Emotional investing is dangerous investing but at least you realize that and can learn from it.
But considering the dividends given I think your pretty safe regardless of your investment strategy from here
I believe that the biggest holders wanting more shares according to yourself is a good sign as they have a stronger understanding of the operations as board members, the fact that you are the owner of these shares means that it is plausible by all accounts people were PMing you Cheesy
http://online.wsj.com/article/SB10001424127887323550604578413162718644332.html

Anyways stops over-thinking it there is no mysterious board member here Cheesy

Vycid
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August 22, 2013, 04:49:16 AM
 #11585

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

velacreations
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August 22, 2013, 04:51:30 AM
 #11586

Most people with significant AM holdings are sophisticated enough

I thought you were just saying we're all idiots for holding  Huh
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August 22, 2013, 04:53:43 AM
 #11587

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
velacreations
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August 22, 2013, 04:58:37 AM
 #11588

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

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August 22, 2013, 05:00:12 AM
 #11589

Or you could be pumping up the price.

I am pumping the price, but I'm also telling the truth. That's the whole reason I posted. I realized my huge sell-offs were scaring people and causing a false prophecy sort of situation.

I don't want people thinking there's some mysterious board member or catastrophe and you have to run for the hills, when it's really just a high-school dropout with too much emotion in his trading.
 

But Vycid says that there are tons of whales ready to dump.  So if that is true you can't be telling the truth.

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

You'd better start assimilating new information before it's too late. There is a reason somebody would dump millions USD at 'below market'- he knows it won't sell at current prices. The whales don't believe in AM anymore and there was never 160M of value here.

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

Oh yes, I see the error in my logic. One whale = all whales. Forgive my foolishness.

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August 22, 2013, 05:01:31 AM
 #11590

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

velacreations
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August 22, 2013, 05:03:25 AM
 #11591

Oh yes, I see the error in my logic. One whale = all whales. Forgive my foolishness.

well, technically, 2 whales.  Maybe more.  He said "big players".  Implies more than one.

I don't know how many whales there are, so I don't know if 3 whales is a lot or not.  Huh
TheSwede75
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August 22, 2013, 05:04:28 AM
 #11592

I would prob say that anyone close to or over board-seat qualifies. So between 3-5k shares?

How many board seats do you have, Swede?

Quote
I'd def say that 10k BTC can cause quite a swing when they move around enough.
with 10k btc, you could crash every single security out there, and make up whatever story you wanted for the reasons.

Hah. I am solidly a "Guppy" with my double digit ownership Smiley

I would prob speculate that most "whales" are indeed holding steady. If you have $1 million + invested its fairly unlikely that a single week of 'underperforming' dividend really shakes you up. Especially considering almost all really major share holders have average purchase prices so low that not only have they made back their entire initial investment several times over in dividends but can realize several hundred % profit from selling anywhere over 1 BTC.

Vycid
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August 22, 2013, 05:05:40 AM
 #11593

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

Like one nearly did today.

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August 22, 2013, 05:07:02 AM
 #11594

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

There is also nothing to suggest some of them are planning to make an exit any time soon, in fact their is something to suggest that more of them are interesting in increasing their positions.

velacreations
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August 22, 2013, 05:09:55 AM
 #11595

Nope all whales
We can confirm it with the shareholder document  Wink
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

If 2,000 shares is the minimum for whale status, then I count 13 whales (don't count the PTs)

we know at least 3 whales are not dumping, based on eb3full's information.  That's pretty decent odds.

Can Vycid give us some evidence of 1 whale wanting to dump?
velacreations
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August 22, 2013, 05:11:25 AM
 #11596

Hah. I am solidly a "Guppy" with my double digit ownership Smiley

I would prob speculate that most "whales" are indeed holding steady. If you have $1 million + invested its fairly unlikely that a single week of 'underperforming' dividend really shakes you up. Especially considering almost all really major share holders have average purchase prices so low that not only have they made back their entire initial investment several times over in dividends but can realize several hundred % profit from selling anywhere over 1 BTC.

+1
well said, Swede.  Very clear logic. You're a gentleman and a scholar.
deadgiveaway
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August 22, 2013, 05:11:35 AM
 #11597

Thanks for the cheap shares, I am now over a goal I set a while ago and am feeling great. TY!!!
friedcat
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August 22, 2013, 05:14:24 AM
 #11598

Update

We have collected several shareholders' questions for answering.

Could we have an official live hashrate meter from ASICMINER?
We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.

For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

Besides mining, hardware sales, and franchising, are there any other potential sources of revenue?
There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.

Why has the hashrate dropped the past weeks?
It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

eb3full
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August 22, 2013, 05:15:05 AM
 #11599

friedcat: are you opening up franchising to shareholders in a general sense or is shipping and collateral too much of a pain for it?

"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk." John von Neumann
buy me beer: 1HG9cBBYME4HUVhfAqQvW9Vqwh3PLioHcU
velacreations
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August 22, 2013, 05:16:20 AM
 #11600

hey friedcat!  how are ya?
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