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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914561 times)
friedcat (OP)
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October 27, 2013, 06:01:31 PM
 #14341

Financial Reports

Balance Sheet (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdDlHek0tem01M2IzSnhDUjBHbWI4dmc&usp=sharing

Cashflow (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdDh0enIxT0pycEVkZ2h6TE1BZ0dZd0E&usp=sharing

Income (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdExaZzlQMXhwNl83Y2JlM19zeEpTa1E&usp=sharing
  with Expense Listings (Public Version): https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdERwbENzbDFvMWpHWEVSOWpoc2dlVGc&usp=sharing

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 27, 2013, 06:17:39 PM
 #14342


Friedcat,

If possible, could you clarify the "net income per share" in the 'Income' document? Is that to come? Previous payments? I've kept track of every dividend payment and we've reached 0.59/share. Are the expenses deducted from the net income columns? Thanks again for compiling all this.
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October 27, 2013, 06:23:45 PM
 #14343

Hi Friedcat,

I was also hoping for a bit of information rather than just historic information that is not really all that surprising? Where in the development of the 2nd 2ndgen are we? I see 200k of NRE in the budget. Is that for tape-out for the new ones or for the old 2nd-gen?
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October 27, 2013, 06:26:18 PM
 #14344

Hi Friedcat,

I was also hoping for a bit of information rather than just historic information that is not really all that surprising? Where in the development of the 2nd 2ndgen are we? I see 200k of NRE in the budget. Is that for tape-out for the new ones or for the old 2nd-gen?

I think it's over the last quarter or since the last statement. Havelock shows the last 15 dividends (~4 months) equal to .2049.
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October 27, 2013, 06:30:02 PM
 #14345

My takehome message from this is asicminer's income was 2 orders of magnitude higher than expense this quarter. (And they get really cheap electricity.)
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October 27, 2013, 06:34:56 PM
 #14346

I think it's over the last quarter or since the last statement. Havelock shows the last 15 dividends (~4 months) equal to .2049.

We'll need further clarification on this. It states mining income of 33k BTC on income link but I've been monitoring the mining wallet address and from the beginning of July to the end of August shows a mining income of 65.7k BTC.
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October 27, 2013, 06:35:23 PM
 #14347

These statements need a lot more work to be useful.

Stating accounts in 3 different currencies and not cross-translating, means there's no single overall picture. Not hard to do the maths, it really should be presented that way.

The income and expenses statement - what period does this cover? (1 day, 1 week, 1 month) and what are the historic comparables?

What is really needed is a simple balance sheet, with all of it translated into BTC and a proper income and expense time series, perhaps showing weeks, months or quarters. Showing this graphically would make it really easy to see.

None of this is difficult, but given the long-awaited release this is not great quality information. Where is the professional accountant or the PR person - both seem absent to me......
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October 27, 2013, 06:36:55 PM
 #14348

I was also hoping for a bit of information rather than just historic information that is not really all that surprising? Where in the development of the 2nd 2ndgen are we? I see 200k of NRE in the budget. Is that for tape-out for the new ones or for the old 2nd-gen?

why were you expecting that information?

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October 27, 2013, 06:38:14 PM
 #14349

Where is the professional accountant or the PR person - both seem absent to me......
does AM employ either?

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October 27, 2013, 06:40:59 PM
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I was also hoping for a bit of information rather than just historic information that is not really all that surprising?

why were you expecting that information?

Hope != expect
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October 27, 2013, 06:43:30 PM
 #14351

I also hoped for an actual update and the immersion cooling video. But given the fact that an earlier update stated that funds for a 40 nm mask are collected and NRE costs of  $ 210,119.50 were shown, I call this good news. - Gen 2 seems to be already in progress.

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October 27, 2013, 07:01:01 PM
 #14352

I also hoped for an actual update and the immersion cooling video. But given the fact that an earlier update stated that funds for a 40 nm mask are collected and NRE costs of  $ 210,119.50 were shown, I call this good news. - Gen 2 seems to be already in progress.

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October 27, 2013, 07:06:50 PM
 #14353

Thank you FC, So guys is this what we were expecting? information that we already know?

Will take me a while to climb up again, But where is a will, there is a way...
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October 27, 2013, 07:14:27 PM
 #14354

Thank you FC, So guys is this what we were expecting? information that we already know?

No. I mean ... OK its kinda financial report ... but ... seems like Friedcat doesn't give a shit about what we are writing in this thread anymore. In past days we had a shitload of rumors here, and also its end of October.

... Question Everything, Believe Nothing ...
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October 27, 2013, 07:14:31 PM
 #14355

Where is the professional accountant or the PR person - both seem absent to me......
does AM employ either?

There were long-time repeated claims that AM was getting both....
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October 27, 2013, 07:14:39 PM
 #14356

Thank you FC, So guys is this what we were expecting? information that we already know?

Look at the share price dropping like a rock Cheesy

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October 27, 2013, 07:18:21 PM
 #14357

Where is the professional accountant or the PR person - both seem absent to me......
does AM employ either?

There were long-time repeated claims that AM was getting both....
really?  could you give us a link to where FC said that?  I don't remember it.

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October 27, 2013, 07:22:15 PM
 #14358

Thank you FC, So guys is this what we were expecting? information that we already know?
what were you expecting?

I, for one, didn't know the exact figures for costs and expenses.  I also didn't know the figures for hardware sales.

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October 27, 2013, 07:26:09 PM
 #14359



Non-recurring expense I think..
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October 27, 2013, 07:30:40 PM
 #14360


Time to process thanks Smiley
Been waiting to get some calculation done for a while
Very rough 4 mill assets PE- 12-15 ?
Hmm well guess I'll read more later sort of clearer thanks
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