ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Bargraphics]

So basically, Friedcat is Heisenberg, and he's moving operations to the Winnebago. Amazing.

Heisencat?

[1714103630]

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[bitsalame]

Great looking product, fascinating concept, but as stated by others I really fail to see any huge application or sales for it.

No-one other than Bitcoin miners needs such a product, so there's no outside market. It clearly isn't viable for most home miners, so it's limited to a small number of large-scale miners and AM themselves. So whats the market globally for these - half a dozen?

It also only helps cool mining operations more effectively, so won't sell anymore chips or change ROI, since ROI on most chips doesn't happen even if electricity was free.

It's only tangible benefit will be to AM's own mining operations to reduce electricity costs, which in the long-term become more of a relative issue, but this could still be better solved and beaten by mining operations that simply exist in areas of cheaper electricity or where less cooling is required eg data-centres in cold areas.

Sure?
1) http://phys.org/news/2012-09-intel-math-oil-dunk-cooler-servers.html
2) http://www.datacenterknowledge.com/archives/2012/12/21/facebook-tests-immersion-cooling/

Yeah, no market at all.

[Vycid]

Buy when there is blood on the streets. It is pennies on the dollar.

There's been an awful lot of blood. I offer an alternative aphorism.

"Never love a stock, because it won't love you back."

[freedomno1]

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

[bitcoin.newsfeed]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

[glendall]

On the other hand, it's not a inconceivably dumb move to sit back and work on cooling plans and other projects such as the exchange while your BTC reserves [edit:] "are appreciating against USD" are growing fast steadily and you can afford to find the top talent, make the right chip at the right time and then kick things into overdrive.   This may be a smarter move than rushing from behind to launch a chip that is on par with what is available...

Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

At this point it doesn't matter as much WHEN you come to market, the ASIC 'new tech' rush is over. Now what matters is how your chip compares to the competition when it comes out. Not sure if that is, was, or could be FC's plan but just saying as I did before that all is not lost if you bide your time with big cash reserves to jump into something at the right time, as opposed to stumbling into a contest you can't win by trying to rush to market.

[jawnzer]

FC is so far ahead of the curve he is beyond the horizon.

Yes. And AM is the only company showing sings of trying to implement a strategy for years, not months, into the future. This is endgame stuff.

I pretty much share this sentiment it is a very long term strategy not focused on the short term hardware war but the long term stabilization of market (So short bear long bull) in other words I see AM being around for a while and Friedcats whole strategy is long not short. He is convinced that ASIC mining will move to this scale and wants to be the first on the curve for the eventuality that will come.

Also no other securities in the mining sphere have long term goals beyond that of increasing hashrate on miners so it is an industry first.
(Although I stand to be corrected if there is something I missed)

Couldn't have said it any better.

[hlynur]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper  

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

[binaryFate]

Just small detail. At first we need a working competitive chips, then we're able deploy something and/or use that containers.

here comes the partypooper  

you're right but nevertheless it feels good as a shareholder to see the scale AM's research is aiming at.

It feels VERY good Much better than the previous pictures of the first wharehouse...
 

[AMuppInTime]

..,
 while your BTC reserves are growing fast
 ...
Asicminer's BTC reserves aren't going to be evaporating on their own and they only have one chance to make their next gen chip, they have to do it right.

I think it was mentioned previously that asicMiner does not store BTCs but converts to Fiat right away - can anyone confirm that?

[AM4Bitcoin]

No the last balance sheet shows 5484 bitcoins. They also have $ and ¥, i think they just convert what they need for the expenses.

[SebastianJu]

I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.

[neilol]

I wonder if the current price of bitcoins shouldnt lead to the stop of divs kept back.

A good point, or at least accelerate the rate they are acquiring funds. Likely wont since we have no public threshold. R&D funding is done whenever FC says.

[BitFlow]

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

[wmcleod]

can anyone provide a sum of what's transpired with asicminer over the last few days?  thanks

[empoweoqwj]

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.

[AMuppInTime]

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.

There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat.

[Caesium]

Looking in the auction forums you can see that there are multiple threads or folks offering to buy direct shares but nobody selling.

Offer more money then, simple as that (not directly aimed at you, whoever is trying to buy)
When you find the price that perks a seller into accepting it, well then you've found fair market price haven't you.

Short of that, holders need to believe in the cat.

Sounds like we already do.

[prancing_around]

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.

There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat.

May I ask why your so weary of Havelock? Is it because of the precedent or something else?

[empoweoqwj]

This might be a bit off topic, but I have no idea where else to ask. Does anyone know where I can find potential sellers of ASICMINER direct shares? I want to buy some.

Why not buy at Havelock and then convert yourself? Its not much of a market but the best thing we have right now.

There are many signs pointing to the shares being underpriced on the exchanges (currently 0.78BTC on HL). I personally want to stay as far away from HL and all other exchanges seem down. Looking in the auction forums you can see that there are multiple threads of folks offering to buy direct shares but nobody selling. I think the current valuation of ASICminer is closer to 1BTC than anything else, but is being kept low because nobody wants to put money on the exchanges. Meanwhile all the big holders sold around 3BTC and nobody who bought at this price wants to take the loss [i do see some folks making money via arbitrage if willing to take the gamble]. We're experiencing illiquidity, which is not good for the commodity's price or the holders. We need a new leader like BTC.TC was that the community believes in. Short of that, holders need to believe in the cat.

Well if shares are undervalued at havelock, simply buy some there, and convert to direct shares. In a few days time you end up with cheap direct shares .... don't see the risk, unless you think havelock is going under this week?

But yeah, the whole "virtual" share market is a mess at the moment. Isn't that on AM's to-do list still?