ASICMINER: Entering the Future of ASIC Mining by Inventing It

[101111]

Down around 1/3 in a few hours and no news, insiders (board?) selling off?

[neilol]

Down around 1/3 in a few hours and no news, insiders (board?) selling off?

BTC price going crazy. People don't want to miss that.. will be some good buying opportunities this week for anyone that wants in

[professorY]

Down around 1/3 in a few hours and no news, insiders (board?) selling off?

Or an insider looking to pick up a bunch of shares for a cheaply as possible...

[101111]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

[minerpumpkin]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

We need more people like you! That's the spirit! At some point the cat'll show up and everything's fine!

[101111]

yeah, a lot more!

[damiano]

About how many shares are on havelock?

[bitcoin.newsfeed]

About how many shares are on havelock?

Units Outstanding   12256 (AM1) + 3527 (from AM100)

PR & Communications
1. The board has committed to meeting even more often than we have been, and intentionally gleaning whatever info can be shared from each meeting, and posting it to public.
2. The board will be assisting with writing these posts to make things easier for Friedcat.
3. The board is in discussions to create content and designs for an official website.

Boardmembers, share something !

[empoweoqwj]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

I think people selling out now because they are getting a few hundred bucks a share will regret the decision very soon and for a long time to come. I'm sorry, I just don't get it. The only reason I can think people are selling is because they have zero faith AM is going to stage any kind of comeback.

I'm just thankful dividend payments don't depend upon the ever sinking share price 

[shawshankinmate37927]

Seems like the most risky thing to do is hold, so the contrarian in me says buy, so I'm up for a few more, what the heck.

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

I think people selling out now because they are getting a few hundred bucks a share will regret the decision very soon and for a long time to come. I'm sorry, I just don't get it. The only reason I can think people are selling is because they have zero faith AM is going to stage any kind of comeback.

I'm just thankful dividend payments don't depend upon the ever sinking share price 

+1

I just reinvested some dividends today and will be holding tight.  I'm more interested in steady BTC dividend payments in the future than making a few quick bucks today.

[minerpumpkin]

I'm really excited for the next round of dividends on wednesday. In an indicatory kind of way. If they go slightly up, stay the same or even drop further. It'd be interesting to know if the cat is (still) holding back some dividends in order to invest in his next big thing. Or if we can rake in some of the profits from the first cube sales. Any reliable information on how many cubes (chips) they planned on shipping?

[JimiQ84]

I'm really excited for the next round of dividends on wednesday. In an indicatory kind of way. If they go slightly up, stay the same or even drop further. It'd be interesting to know if the cat is (still) holding back some dividends in order to invest in his next big thing. Or if we can rake in some of the profits from the first cube sales. Any reliable information on how many cubes (chips) they planned on shipping?

it looks like cubes are sold out everywhere

[elasticband]

people are selling because they are probably a winner in terms of $$$ right now, for people that just use BTC as a vessle to accumulate more $$$ now is a perfect time to sell shares. I wouldn't worry to much about it.

[dexX7]

it looks like cubes are sold out everywhere

Where they already available everywhere?

[Alphi]

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

the fiat price of bitcoin is irrelivent since all purchases AND dividends are in bitcoin...
the only thing that matters is whether you get a good ROI in BTC.
if not then its a bad investment.

[bitcoin.newsfeed]

I am on the same boat like you guys, very great points above. I am reinvesting dividends all way down 2.7 , 2.5 , 1.7 , 1.0 , 0.56 , 0.57 ... right now my future life is in Friedcat's hands.

I believed in him and in ASICminer so like 6 or 7 months ago I invested 80% from my BTC into ASICminer, fuck fiat, I was never planning cashout BTC into fiat anyway. Dividends was the only way how to steady increase BTC position in long term.

Only true believers in BTC and in Friedcat will stay on the boat after this period, so I am not surprised that your opinions are similar to mine, who else should be on the boat right now if not us?

Btw I don't think that Friedcat was hard working on "bringing AM into another level" , payment system, exchange, great hi-end immersion cooling stuff and container design without strong believe that he'll be able hold significant percentage of the network in near future. Also a lot of groups successfully developed <130nm chip, so this should not be a problem for someone like Friedcat.

[jimmothy]

You know with bitcoin heading inevitably towards $1000 a coin in the next few weeks / months, holding shares in a reliable, trustworthy mining company sounds like an incredibly sensible thing to do.

the fiat price of bitcoin is irrelivent since all purchases AND dividends are in bitcoin...
the only thing that matters is whether you get a good ROI in BTC.
if not then its a bad investment.

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

[AMuppInTime]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

[minerpumpkin]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

Do you assume it takes them 2 years to bring the next generation online? Or are we talking about another, future, generation?

[bbxx]

More than 30% roi before even adding gen2 to the hashrate seems like a decent investment to me.

That's assuming they can keep paying the same dividends weekly for two years. That is a highly speculative position: they might take a two year hiatus to develop the next gen of chips (the saved coins) and have negligible mining revenue. Still, might strike "gold" though.

just dont think about your stock price, keep direct shares on cold wallet end enjoy weekly payment.
dont regret you havent sold, just diversify risk and buy more btc
treat your shares as emergency fund and you will be fine.