ASICMINER: Entering the Future of ASIC Mining by Inventing It

[keystroke]

Remember when we all worshipped Friedcat?  LOL

Remember when people were worried ASICMINER could 51% the network?

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[bitcoin.newsfeed]

No. Im not a board member and even though i knew that Asicminer cant grow much further when it was at 4.5btc i didnt sell. Partly because i didnt want to lose the divs, partly because i feared to sell so many direct shares. Stupid me, now my shares are worth much less, even though i got the divs. Hopefully i learned the lesson for next time.
But no, there was no hidden info needed. Everything was given by friedcat.

ex-trader and SebastianJu, guys I am not arguing if share price was overvalued or not, i never wanted sell shares, what i am saying is that shareholders didnt know that ASICminer was mining at full capacity at 47Ths and dont plan/or cant increase hashrate for several months ahead. If we knew this and with all info from competitors and network growth it would be easy to guess that 2.5 wasn't so "Great entry point for new investors" as it was presented.

[JimiQ84]

meanwhile, 7 day average hashrate is at all-time-high with 52TH/s 

[g83]

Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

[Lohoris]

Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

[Puppet]

We're basically at the same level of risk as when the IPO started.

Not really. When the IPO started, getting any sort of asic working was a guaranteed gold mine. Today, announcing anything less than a 28m device that can begin hashing in Q1 2014 is not very exciting to put it mildly. Im surprised Asicminer let themselves fall behind this far. They scored a homerun on their first asic, but right now it looks like its a one trick poney that has run its course.

[TiuraZ]

Remember when we all worshipped Friedcat?  LOL

Remember when people were worried ASICMINER could 51% the network?

Remember when people were arguing if the IPO is legit?

[conspirosphere.tk]

Remember when we all worshipped Friedcat?  LOL

Remember when people were worried ASICMINER could 51% the network?

Remember when people were arguing if the IPO is legit?

Remember the ASICMINER shares @0.10 on the GLBSE? :-D

[supert]

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

Except that friedcat is no longer a complete unknown.

[BitThink]

We're basically at the same level of risk as when the IPO started.

Not really. When the IPO started, getting any sort of asic working was a guaranteed gold mine. Today, announcing anything less than a 28m device that can begin hashing in Q1 2014 is not very exciting to put it mildly. Im surprised Asicminer let themselves fall behind this far. They scored a homerun on their first asic, but right now it looks like its a one trick poney that has run its course.

Friedcat was try to hire a competent asic designer months ago and he said he did not expect to get one from China then(according to rockxie's slides). In his latest updates, he also mentioned without enough channels, it's very difficult to find good candidates. But at least he has locked some exceptional ones now. A little bit too late, apparently.

[BitThink]

Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

Compared with IPO, now we have much less risk and meanwhile much less upside.

That time, AM has no track record and it could be a scam or completely failure, but if succeeds, there's a huge profit as the first or second arriver of Asic mining.

Now, we trust friedcat and the company and we are receiving dividend every week. But even all promises fulfilled, there're not much profit ahead (single digit profit in friedcat's words).

[Puppet]

Friedcat was try to hire a competent asic designer months ago and he said he did not expect to get one from China then(according to rockxie's slides). In his latest updates, he also mentioned without enough channels, it's very difficult to find good candidates. But at least he has locked some exceptional ones now. A little bit too late, apparently.

frankly, MUCH too late. He should have started this at the latest after taping out his first chip.
Now thats easy to say, Im sure he had other things on his mind, but its true nonetheless.

[🏰 TradeFortress 🏰]

It's going to go back up somewhat if friedcat deploys / sells the promised 500 TH/s very soon.

[VeeMiner]

It's going to go back up somewhat if friedcat deploys / sells the promised 500 TH/s very soon.

yep

[BitThink]

Friedcat was try to hire a competent asic designer months ago and he said he did not expect to get one from China then(according to rockxie's slides). In his latest updates, he also mentioned without enough channels, it's very difficult to find good candidates. But at least he has locked some exceptional ones now. A little bit too late, apparently.

frankly, MUCH too late. He should have started this at the latest after taping out his first chip.
Now thats easy to say, Im sure he had other things on his mind, but its true nonetheless.

I can manage to guess some of the reasons:
1) Months ago, not too many people believe 22nm/28nm chips are the proper way to go due to the high NRE cost and limited product lines. Since all fabs are busying in supplying big guys such as Intel and AMD, it's almost impossible to make an order for small companies. (It is also mentioned in the letter of Howard (Labcoin)) Remember Friedcat began this project partly because there're many idle product lines in Shenzhen with almost obsolete 130nm technology.

2) Friedcat is a geek (ASIC designer, former Haskell fan), not a genius business man. I believe what he achieved was beyond his best imagination. Therefore, he was not so ambitious to begin 28nm project immediately after the tape out of gen1 chips. Remember that time he did not know how well the sales of 130nm products will be and how the competitors will do. Moreover, creating the boards suppler, USB product lines, and sales channels had already taken up most of his time.

3) I guess there was a failed out 65nm chip design. Friedcat is a honest man, but to be honest does not equal to disclosing everything.

 

[BitThink]

It's going to go back up somewhat if friedcat deploys / sells the promised 500 TH/s very soon.

Friedcat will only deploy 60TH in the new data center with new cooling technology, and the rest needs to be sold quickly or rely on franchising. They most likely will be sold at around 0.2B/GH this month, and 0.1B/GH next month.

Even all 500TH are sold in 0.2B/G, that's just 100K BTC. 100K BTC / 400K = 0.25 BTC per share. That's already the best scenario.

[VeeMiner]

3) I guess there was a failed out 65nm chip design.

where do you get this information from?

[rudrigorc2]

3) I guess there was a failed out 65nm chip design.

where do you get this information from?

1) where is 200TH as expected before?
2) he is only guessing, source really matters?

[BitThink]

3) I guess there was a failed out 65nm chip design.

where do you get this information from?

Although there's some rumor in Chinese forums, but it's just my wild guess. Only this can explain why Friedcat is still seeking collaboration with other gen-2 chip teams in China now. It's almost one year after their success in designing the gen-1 chips. I cannot believe they've done nothing in designing 65nm chips.

[lophie]

Well for me I exchanged some ASICMINER to MCXFee on MCXNow. Will be back in a stronger position if I started to see some hashing power. But really even 0.3 is 3 times the IPO price, Still pretty good in my opinion. Well for the ones who were here since IPO...