ASICMINER: Entering the Future of ASIC Mining by Inventing It

[freedomno1]

Net revenue from hardware sales: BTC 71k

Net revenue from mining: BTC 33k

Hardware is now more than two thirds of the revenue stream, these numbers show the extent to which Friedcat is working hard (and well) to diversify the business.

In the short-medium term, even the revenue from hardware is going to continue to diminish to the point of break-even or even negative ROI for sellers (let alone buyers).  

Bottom line, even the log scale for difficulty (http://www.blockchained.com/ 7th chart down) is increasing exponentially, and anything with a revenue stream inversely proportional to it is fighting a losing battle.

Personally I'd like to see Friedcat looking further ahead and working to develop relationships and products aimed at the merchant services markets (e.g. dedicated processing capabilities for companies like Bitpay/MtGox), or even entering the MS/payment market themselves as consumer interest in China grows.

I have a few shares, I no longer think of them as an opportunity to profit from mining hashpower alone - AM needs innovation beyond "the next batch".

this

disclaimer: I have few shares, i'm in longterm, in desperation phase, emotional about my investment and drunk  

because AM is not taking preorders and therefore isn't in a hurry releasing any info about the next hardware generation, future development is a blank page for speculation atm.
ergo only info is hashing rate and current earnings, which everybody is focussing on.

no company is finished after half a year of orientation.
Apple has also been quite a shitty company for a long time.
Companies need minds at the top that look out for innovation and observe future market possibilities and friedcat has proven that for me so far.
He must not be the top manager guy...if he and his crew spit out a product like e.g. a well-priced nextgen blade concept oriented towards larger mining farms in combo with their own patented immersion cooling system,AM is back in the game in no time.
And if it's not mining hardware in the long run, well so be it, plenty of other possibilities around.

This is a fast-moving market, but still in toddler phase. Not many companies will stand through the beginning years.
I'd feel stupid now if i invested money and cash out with a big loss without even knowing in what the withholded earnings even will result in half a year or so.

either you want fast money, well shit time is over (at least for now)...
or you see a future for a company in the big playground of bitcoin economy.



shit did i really paint that...f**k i must be desperate  

Don't forget the goal is to grow your BTC, Right now just holding is better than getting in, Personally I will get back in at lower prices when ASICMINER "DELIVERS" and "DEPLOYS" again.

mining game is already a ratrace now and i don't even want to imagine how it looks in a year.
consider how amd and nvidia are running for these little fps in current phase of graphicchip-development. at some point you sink huge numbers in chip development and one false investment and you're at the edge.
It's much smarter to diversify during an early stage than get stuck in this develop-deliever-deploy-cycle in one market constantly trying to squeeze out more and more hashes.

O_O I found the ticket To enter the Steaming Hashing Factory

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[hlynur]

ehm, yea whatever 

[freedomno1]

ehm, yea whatever  

OH fine and invites hlynur to the factory

[Vycid]

Holy shit man, are you a graphic designer? That looks really good, especially for something you cranked out drunk.

No snark, I'm impressed.

[BlockChains]

Holy shit man, are you a graphic designer? That looks really good, especially for something you cranked out drunk.

No snark, I'm impressed.

He's not. A graphic designer wouldn't use Papyrus font.

[conv3rsion]

Holy shit man, are you a graphic designer? That looks really good, especially for something you cranked out drunk.

No snark, I'm impressed.

He's not. A graphic designer wouldn't use Papyrus font.

I agree with Vycid, that looks great.

[empoweoqwj]

I agree it looks nice. But in the great scheme of things, I really don't give a flying f*** about golden tickets.

I care about whether AM are heading to 0 or 5 BTC per share.

Every week that passes we seem little the wiser ...... the communication (and products) coming out of AM seems to reduce every quarter. I'd get out now but I've lost too much already. I'm in the same boat as many people  here. Just praying for a turnaround in 2014.

When I got in at 2.5, the communication from FC was great. Soon as I bought shares, communication plummeted. Sod's law at work. Seems to govern my life 

[rudrigorc2]

feel bad for everyone who bought/entered at 4.5

[Rodyland]

feel bad for everyone who bought/entered at 4.5

I feel bad that I decided I'd exit if it hit 5. 

[stefffe]

feel bad for everyone who bought/entered at 4.5

I entered at 3.5 and I cant say I feel good right now 12 shares @ 42 btc now worth 7.2


My initial plan was to buy btc at ~$100 and sell now :// Someone lured me into this so now Im stuck here forever!

[ex-trader]

At around 0.5 it's a fair bet. There's some chance it'll go to zero and some that it'll re-bound slightly. Problem is that the information does not allow a reasonable analysis.

The issue with all profits being hardware is that it requires people to keep buying devices and right now hardly anything available or being designed will ROI, given massive increases in difficulty. The issue is that there's a huge latent supply backlog hitting the hashing and it'll keep going up and up. People who paid for miners of any sort will still mine, since the cost of the machine is sunk, so it's only the cost of electricity that matters. No-one should be buying new machines, but some will.

Regarding not selling, here's a story. I once invested a large amount from my own personal cash in a stock that was very risky. I didn't sell when it was down 50%, then held at 75% down, thought there was no point selling at all when 90% down and watched it go bust and lose 100%. There's an old saying - 'the first loss is often the best loss'......

That said this stock is so volatile that it's almost worth holding as an option for some random event that'll cause shares to spike.

[data]

That said this stock is so volatile that it's almost worth holding as an option for some random event that'll cause shares to spike.

Well, I took a quite a bit out in the beginning, but it's still a few K of fiat I have currently invested. I have currently split my "investment" in three parts. I took about 100 times my initial investment denominated in fiat out of BTC. Then I have about 10x my initial investment in straight up BTC and am speculating on a price increase. And then I have, at current networth, about 200x my initial investment in ASICMINER. So while this investment seems riskier every week and I am straight up betting that nobody in their right mind can have wasted that much money on nothing (I mean friedcat here) that there will be a slight rebound in share price or at least a stabilization and slight increase in dividends. Even if it is only towards the end of this year/beginning of next year. There are a few possibilities where I see that ASICMINER could really soar; one of them is the securities market, to which a local branch in Hongkong would be well suited. But all this is dreams on my side; it is just that I am willing to bet that much on a very risky bet, although my chances in heads-up hold'em would probably be better

[empoweoqwj]

At around 0.5 it's a fair bet. There's some chance it'll go to zero and some that it'll re-bound slightly. Problem is that the information does not allow a reasonable analysis.

The issue with all profits being hardware is that it requires people to keep buying devices and right now hardly anything available or being designed will ROI, given massive increases in difficulty. The issue is that there's a huge latent supply backlog hitting the hashing and it'll keep going up and up. People who paid for miners of any sort will still mine, since the cost of the machine is sunk, so it's only the cost of electricity that matters. No-one should be buying new machines, but some will.

Regarding not selling, here's a story. I once invested a large amount from my own personal cash in a stock that was very risky. I didn't sell when it was down 50%, then held at 75% down, thought there was no point selling at all when 90% down and watched it go bust and lose 100%. There's an old saying - 'the first loss is often the best loss'......

That said this stock is so volatile that it's almost worth holding as an option for some random event that'll cause shares to spike.

That's why I am holding really. This business is so volatile and new, its worth the gamble it could bounce up again.

[Lohoris]

- pool shares from like-minded trustworthy (or escrow otherwise) individuals

can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin

Uh?
Of course it makes sense instead: you move from an instable and dangerous place, to somewhere more safe.
Moving costs.
Or, keep them there, if this makes you happy : )
Just don't come back complaining when it tanks and you have nothing left.

[binaryFate]

- pool shares from like-minded trustworthy (or escrow otherwise) individuals

can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin

Uh?
Of course it makes sense instead: you move from an instable and dangerous place, to somewhere more safe.
Moving costs.

Absolute statements like this are not very helpful. If some guys can arrange to move out of this instable and dangerous place for free, that's good for them.

[jeffshed]

i've come to realise that you can't make any money in the bitcoin world by purely investing. not at this stage of the game anyway. There is only real value in trading

You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own

One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.

Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....

[lophie]

i've come to realise that you can't make any money in the bitcoin world by purely investing. not at this stage of the game anyway. There is only real value in trading

You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own

One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.

Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....

Go MCXFee

[Whtwabbit]

i've come to realise that you can't make any money in the bitcoin world by purely investing. not at this stage of the game anyway. There is only real value in trading

You guys that are holding are putting yourselves in a very awkward place in my opinion....but hey each to their own

One thing you should know though is that it's highly unlikely that the price will ever go above 2BTC. and i think it's next to impossible above 3.

Just saying, you should think about an exit strategy otherwise you'll ride it to the bottom....

http://www.youtube.com/watch?v=5hR5YNqE3K8

[webbrowser]

- pool shares from like-minded trustworthy (or escrow otherwise) individuals

can anyone elaborate how this works? I have 21 shares on Bitfunder I would like to get on Havelock. Selling & buying would make no sense I would lose bitcoin

What I meant was to:
- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust.  push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ...  [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back

for obvious reasons, the sell + buy back strategy is much faster and less risky.

[Lohoris]

What I meant was to:
- find people who have 250 shares between them who want out of bitfunder
- find a person whom all of them trust.  push shares to mr.trustworthy
- mr.trustworthy initiates transfer out of bitfunder
- ...  [hours/days/weeks/months later, the transfer completes]
- mr.trustworthy transfers the shares back

for obvious reasons, the sell + buy back strategy is much faster and less risky.

Not only you would have cp risk with the person you trust. Even if he was 100% trusted, since bitfunder has been operating as a fractional reserve, there is an extremely high risk of the transfer not going through.
Keeping any asset there is complete foolishness, there is really no excuse.
That site has always been crap, and everytime something changed, it was for the worse, touching new uninimaginable lows.