ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Digigami]

The Chinese girl does another "exclusive interview" with Friedcat :-)

Seriously?

Board members, can we please request that Friedcat arrange for any further news or information be released here, before such information is released via these interviews?

At very least, if these interviews are now the company's preferred means of releasing new information can we at least have a translated transcript published here at the same time the interview is posted?

[jeffshed]

this is bullshit. Im putting all my money in labcoin

[tinyfox266]

ASICMINER shows a considerable dividends in Oct. 27, why the stock exchange market(like bitfunder, havelockinvestments) does not pay the dividends. https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

[Jere.Jones]

ASICMINER shows a considerable dividends in Oct. 27, why the stock exchange market(like bitfunder, havelockinvestments) does not pay the dividends. https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

That dividend is incorrect.  The last dividend was on Oct 23 and was 0.00374772 BTC/share.

What you are looking at is likely the sum of all dividends paid previously.

[pedrog]

this is bullshit. Im putting all my money in labcoin

 

[tinyfox266]

ASICMINER shows a considerable dividends in Oct. 27, why the stock exchange market(like bitfunder, havelockinvestments) does not pay the dividends. https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

That dividend is incorrect.  The last dividend was on Oct 23 and was 0.00374772 BTC/share.

What you are looking at is likely the sum of all dividends paid previously.

Why they pay the dividends on Sunday instead of Wednesday.

[professorY]

ASICMINER shows a considerable dividends in Oct. 27, why the stock exchange market(like bitfunder, havelockinvestments) does not pay the dividends. https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0

That dividend is incorrect.  The last dividend was on Oct 23 and was 0.00374772 BTC/share.

What you are looking at is likely the sum of all dividends paid previously.

That's exactly what it is. If you click on the cell it shows that it is the sum of the entire column [=SUM(L1:L986)]

Why they pay the dividends on Sunday instead of Wednesday.

They didn't, it's just the bottom of that column happens to line up with row Oct. 27. It means nothing but the sum of the dividends column.

[kingcrimson]

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

Why would he put more TH/s online when people are willing to buy them for more than they can generate in their lifetime? The smart thing to do is to sell them for a quick profit that can be reinvested instead of betting on the hashrate to reach a plateau in the next few months (only way current 1st gen chips could be profitable even bought at cost).

I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network. Share price would still be 4-5, and they'd be making enough to dominate the next generation.

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

[lophie]

Hey remember the theory of the secretary FC is getting extra familiar with in the farm room? Is it possible that she is the Chinese girl interviewing him! 


GOSSIP ALERT GOSSIP ALERT GOSSIP ALERT

[Pompobit]

What should we expect on November 7?

What happens on November 7?

I'm not sure, the interview was ambiguous, FC was talking about 1000T relesead on november 7, but it seems that he probably intended that the whole mining deployed (sold and mining) is going to reach 1000T. But it's not clear where the november 7 comes from, if he was talking about the all time sales, why to specify a date?

[pedrog]

I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network. Share price would still be 4-5, and they'd be making enough to dominate the next generation.

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

http://en.wikipedia.org/wiki/California_Gold_Rush#Profits

[gyverlb]

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

Why would he put more TH/s online when people are willing to buy them for more than they can generate in their lifetime? The smart thing to do is to sell them for a quick profit that can be reinvested instead of betting on the hashrate to reach a plateau in the next few months (only way current 1st gen chips could be profitable even bought at cost).

I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network.

First the network is ~3000TH, so to "dominate the network" you would need 3000TH too, today. More tomorrow.
Second the network pays 25BTC every ~10 minutes, if selling hardware brings more money than that, why the hell would anyone want to mine instead of selling hardware ? Dominating the network isn't a goal, maximizing profit is.

Share price would still be 4-5, and they'd be making enough to dominate the next generation.

As if competitors wouldn't try to do the same. They don't play in an isolated environment.

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

Math fail (might explain the confusion above) or liberal use of nonsense. Think more before writing or troll elsewhere depending on the case.

[pedrog]

"All the above is right, but "dominating the network" is really good publicity for selling overpriced miners!

[freedomno1]

Hey remember the theory of the secretary FC is getting extra familiar with in the farm room? Is it possible that she is the Chinese girl interviewing him! 


GOSSIP ALERT GOSSIP ALERT GOSSIP ALERT

That was so 10 pages ago And I said that one already he-he

[lophie]

Hey remember the theory of the secretary FC is getting extra familiar with in the farm room? Is it possible that she is the Chinese girl interviewing him! 


GOSSIP ALERT GOSSIP ALERT GOSSIP ALERT

That was so 10 pages ago And I said that one already he-he

No shortage of trolls around here it seems

[freedomno1]

Hey remember the theory of the secretary FC is getting extra familiar with in the farm room? Is it possible that she is the Chinese girl interviewing him! 


GOSSIP ALERT GOSSIP ALERT GOSSIP ALERT

That was so 10 pages ago And I said that one already he-he

No shortage of trolls around here it seems

Its a quiet night

[kingcrimson]

What has friedcat done? He had 30% of the pie, and the business is now trash. Even Labcoin is close to them in TH. I feel as though he ran AM into the ground purposefully.

Why would he put more TH/s online when people are willing to buy them for more than they can generate in their lifetime? The smart thing to do is to sell them for a quick profit that can be reinvested instead of betting on the hashrate to reach a plateau in the next few months (only way current 1st gen chips could be profitable even bought at cost).

I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network.

First the network is ~3000TH, so to "dominate the network" you would need 3000TH too, today. More tomorrow.
Second the network pays 25BTC every ~10 minutes, if selling hardware brings more money than that, why the hell would anyone want to mine instead of selling hardware ? Dominating the network isn't a goal, maximizing profit is.

Maximizing profit, when the share price dropped from 5 to .5? I would say it is the opposite. They may have made more money selling, but now they are sunk, with some vague promises about next year. At least if they were hashing 1000 TH they would still be #1 for several months longer. Image means a lot in business. Then the share price may not have risen and crashed so traumatically. I think a lot of people are pissed right now because of how this was handled.

[velacreations]

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

as much as 3/4 of our weekly dividends come from hardware sales.

Hardware sales is what made the share price rise 1000% in the first place.

[kingcrimson]

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

as much as 3/4 of our weekly dividends come from hardware sales.

Hardware sales is what made the share price rise 1000% in the first place.

My bad, didn't see the #s , was very wrong. Pretty complex situation though, someone could write a business thesis about it.

[romerun]

If FC deployed hash to the official pool, the pie chart will be nice, share rises, share holders are more happy, but the actual income pry less than selling them