ASICMINER: Entering the Future of ASIC Mining by Inventing It

[lophie]

AsicMiner is done. It will never archieve what it has done.

Agreed, as I said ill hold for a few more weeks, or until I see it well under 1 btc, but Im not holding my breath, too much competition for it to be valued as high as it was, they will be lucky if the share price stays over 1 btc

they are going even lower. I expect 0.6 - 0.8 very very soon!

[Franktank]

they are going even lower. I expect 0.6 - 0.8 very very soon!

Think so? With the recent SR news and major BTC swings, will we see the previous correlations of dropping BTC/rising AM price? (inb4 all the "analysts" say there is/isn't a correlation)

[bobboooiie]

they are going even lower. I expect 0.6 - 0.8 very very soon!

Think so? With the recent SR news and major BTC swings, will we see the previous correlations of dropping BTC/rising AM price? (inb4 all the "analysts" say there is/isn't a correlation)

If people will start even more panic on BTC price AM will go down a lot too for obvious reasons

[jehst]

Getting close to single digit profits in 2014? Might as well just buy Google at that point. I'm not in the illegal stock market game to make 10%.

[romerun]

what does it exactly mean single digit ? the APY of share or profit margin or whatelse

[dxxw]

Single digit.

FC admited that they can go only so far.

Maybe it's all over.

 

[jehst]

So as long as everybody receive their dividends, it doesn't care if share price will fall to, let's say, 0.001 ?
I don´t think so. Pissed investors will go to another project, do we wish this ?
And again, I trust FC, I only think he needs to be more comunicative, as he is the head of the project.

He recently started to let the board build the news out of the infos he posts there. It looks like a regular setup and saves friedcat much time it seems.

I dont care if other investors move to another project because im in it for the divs. Though i admit i would have sold my shares if i knew before how far they will drop. Now i had a multiple of shares.

When i see the new report from friedcat it tells me he is making good decisions and will most likely find good ways to keep the company running well.

So... if the shareprice crashes... its time to buy. The divs are fine anyway. So if some people are stupid enough to sell this shares then its their loss. Friedcat couldnt have done much here since the drop now couldnt be changed. Its not the low div, that happened before. Its the rise of other companies and on top there is a panic rushing through all mining securities that lead to crashing the price of all. Im not sure why that spread to all mining securities. Anyway... at some point the good securities will be seeable again.

I'm sorry, but "im in it for the divs" doesn't really make sense. If you bought at 5, and your investment is worth 20% of what you paid, then how many years of divs would it take for you to get your money back if it doesn't ever go back up to 4? Fundamentally, we're all in it for the investment, aren't we?

[tinus42]

Got rid of all my AM100 shares. Time to bail out. If it drops much more I may buy in again.

[wtfvanity]

Got rid of all my AM shares. Time to bail out. If it drops much more I may buy in again.

I was on shortly after his message and that's exactly what I did. It's down, but not quite ready to buy back. There is a way to go still.

[ninjarobot]

Lot's of 'hope' and 'might' in the update. Not a very positive update unfortunately. I'm still a believer in AM but there is very little to hold on to at this point.

[tinus42]

Lot's of 'hope' and 'might' in the update. Not a very positive update unfortunately. I'm still a believer in AM but there is very little to hold on to at this point.

Yes a bit more information might help alleviate fears. Unless things are going really bad. 

[Vycid]

Wow.

That is worse than expected.

I am resuming a very bearish outlook. 1-year PT 0.3 BTC/share.

Friedcat blew his chance and his first-mover advantage. Now he doesn't even have competitive Gen2 positioning.

Retrospectively I'm not surprised, they aren't professional chip designers and the competition largely is.

[twbt]

I assume some revenue was kept back again this week, but does anyone know approximately how much has been kept back in total?

AM owns this (though it also gets divs) and seems like a lot of traffic to and from this address. http://blockchain.info/address/1HgTJED7XEGy4vVwKa8kgefWqUB3VRX2mW

Currently about 9000 BTC here.

Other stuff:
1. The HW payments I was keeping track off from group buy threads, most of them ended up here (http://blockchain.info/address/1ZGtnxLWYVDbUVXPQLTRqnF6Bv6u2BMf8). They still weren't part of the divs (~1670 BTC)

2. Similar one, with ~616 BTC still there - http://blockchain.info/address/18GHa147X18rdNPxJeuNeEM7L7SFzsvTyi - From hw sales

3. Both Sonic and Cannary's group buy payment still has approx. 500 BTC (I imagine most of this being sent to FC, after deducting reseller commission)

http://blockchain.info/address/16ARXc5LhCnz111qD5xRUR3mWVg6gkBcU4
http://blockchain.info/address/14ja5p6K1gqYgmZQPCU295UxducKwaT6pw

Thanks for keeping track of this!

so, ~2786 btc or so that hasn't gone into divs from HW sales.  Maybe they will go in next week.

If that top address (9000 BTC) is withholding for expansion, that's a serious expansion planned.  

Probably about a petahash.

Trouble is that it's still in BTC. If FC is going to be full-scale deployed by December he should have already sold that. Lead time on chips alone from e-beam sample receipt to full-scale 55nm shipping is probably in the neighborhood of ten weeks. Then there's the delay for assembly and deployment.

Either a large scale BTC buyer owns that address,  or FC hasn't started using his Gen 2 funds. As far as I know, no 55nm-capable foundry accepts bitcoin.

Not to mention he's playing with fire by keeping future fiat liabilities in Bitcoin in the first place. That's like a gold mining company hoarding gold bars to save up for a new mine that they had promised to investors.

Disclaimer: Vycid stands to gain significantly from AM losing value and is still butt-hurt from this morning when he convinced himself the hash rate might actually stay at 0.  

LOL. Disclaimer is in my sig, there's a giant image of carebears next to my name with the caption "the AM bear who cares".

With such powers of observation,  I'm sure you make excellent investment choices.

Also - if you had actually read my posts, you would have realized that I was mocking the people who thought this fluctuation was anything other than chance.

There is a strong correlation between "Vycid is posting to the forum" and "AM is finding a block": Sometimes it is silent for 12 hours, and at other times, there is noice every 10 minutes. Let's call it luck when it is quiet.

Oh, AM found a block and Vycid only posted twice in the last couple of minutes. - Vycid, which btc securities are recommended right now?

I propose the "hidden variable" explanation for this correlation. When AM is finding blocks after a dry spell, more people are posting stupid things. When more people are posting stupid things, Vycid is pointing out more stupid things.

I take your post as my first positive evidence of this theory.

[nousfeed]

This is good, the share price will continue to drop. But Asicminer has huge potential growth now, they have about 500th coming soon, and 10,000btc for reinvestment. FC is showing he is looking into other forms of revenue too. If you are in AM for the long haul this is very good news.

[VolanicEruptor]

This is good, the share price will continue to drop. But Asicminer has huge potential growth now, they have about 500th coming soon, and 10,000btc for reinvestment. FC is showing he is looking into other forms of revenue too. If you are in AM for the long haul this is very good news.

+9001

[Jutarul]

Retrospectively I'm not surprised, they aren't professional chip designers and the competition largely is.

Not sure if insult or strategic claim...

[antirack]

IMHO it is always better to under-promise and over-deliver. We have yet to see the best of Asicminer. Something that will show once again that they are approaching this from a little different angle. And they are very clear and realistic about this, without hyping or over-promising.

In fact, Asicminer has always been different, it is a mistake to compare them to the rest of the bunch. While definitely an important part of the "game", it's not just about getting gen2 or gen3 out the door. Asicminer is a bit more complicated than that, but going the extra mile will pay off for friecat and his team. They definitely do a lot of stuff behind the window blinds and I am fortunate enough that I have seen some of their work first hand (due to my close proximity to their base).

There are lots of new investments out there, some of which will never make it and unfortunately disappear with all the coins invested for obvious reasons. But even the ones that seem to do well ATM will not make it for long, if deploying gen2 and gen3 asics is all they have. In my opinion anyway.

I have been buying more shares lately and I am confident that Asicminer will keep delivering.

[BR0KK]

IMHO it is always better to under-promise and over-deliver. We have yet to see the best of Asicminer. Something that will show once again that they are approaching this from a little different angle. And they are very clear and realistic about this, without hyping or over-promising.

In fact, Asicminer has always been different, it is a mistake to compare them to the rest of the bunch. While definitely an important part of the "game", it's not just about getting gen2 or gen3 out the door. Asicminer is a bit more complicated than that, but going the extra mile will pay off for friecat and his team. They definitely do a lot of stuff behind the window blinds and I am fortunate enough that I have seen some of their work first hand (due to my close proximity to their base).

There are lots of new investments out there, some of which will never make it and unfortunately disappear with all the coins invested for obvious reasons. But even the ones that seem to do well ATM will not make it for long, if deploying gen2 and gen3 asics is all they have. In my opinion anyway.

I have been buying more shares lately and I am confident that Asicminer will keep delivering.

ill keep my shares too. Asicminer has proven himself to be reliant on a long term. i might even buy more!

[freedomno1]

Official ASICMiner Update by the Board

1. Automatic Payment
We are currently working on the payment back-end, and we might begin the design process next week as well.

2. BTCT closing
BTCT told us that they will release the database for us to merge on October 10.

3. Sales/Opportunity Update
We haven’t heard from the previously mentioned potential chip buyer. We met with two other groups making 65/55nm in China interested in collaboration, but we hadn't solid cooperation conclusions yet.

4. Franchising
We have created partnerships with two new franchises.

5. Cooling Update
We hope to share a good video or exhibition materials by the end of the month.

6.Advertising Update
During the next wave of hardware sales, we will increase our advertising efforts.

7. Research & Development
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year). but originally with a limited channel/staff, it can be very difficult to fully explore them. So, we conducted interviews, and recently identified several exceptional people.

We will be spreading design risk by working on several designs simultaneously and having all other designs' info/simulation results fed back to the main design process. Our designs changed aggressively and the expected successful rate (on a working mask) drops compared to the standard flow so it has to be fully (wave-level) simulated before fabrication.

8. Financial Report
The next official ASICMINER Financial Report is scheduled to be released on October 20s. We had been in the process of accumulating reserves for a two-year-based small lab (all salaries) and a full mask cost for 40nm for one month. Additional income may be reserved for other chip advancements.

9. Hardware Solutions
ASICMINER is exploring and considering several alternative hardware manufacturing roles aside from mining-related products.

That's why I check the pages
Posts back to the front page

Honestly I read this as good news the high research and development they are undertaking means they are going to remain a competitive force in the ASIC market.
The bears are stronger so keeps observing when I sense peak bearishness the line between terror fear and panic then it becomes an opportunity.
But for now the track record speaks for itself AM bearishness kicking in at these levels
Full blast if it drops to half a btc as P/E starts getting interesting

[Aruut]

Seems a few days without bitcointalk did the pass-through share price some good.  I'd speculate that the less idle speculation, the better
Still glad to see the forum back though.