ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

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

This is purely hypothetical: friedcat had been holding up funds for a 2yr staffed lab + 1 batch.
Unless we see hardware sales beyond the cube we might just not see any more divs: it's possible they just work for two years before going back in the mining game, and with no guarantee of success.

What I am getting at is the ROI is not stable, it might drop to zero if they decide to not pay divs (they don't have to, you're technically buying into the company itself)

[jimmothy]

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?

This is purely hypothetical: friedcat had been holding up funds for a 2yr staffed lab + 1 batch.
Unless we see hardware sales beyond the cube we might just not see any more divs: it's possible they just work for two years before going back in the mining game, and with no guarantee of success.

What I am getting at is the ROI is not stable, it might drop to zero if they decide to not pay divs (they don't have to, you're technically buying into the company itself)

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

[minerpumpkin]

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

That would be a plan I like to see happening. Do you've got a link to the interview/report??? I think I've missed that, sounds like a good read

[hak8or]

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

Which is a loonnggg time from now, so we can expect (assuming nothing else that gives us BTC and BTC/USD will continue to rise or remain the same) that the share price will continue to drop more and more. While the dividends are awesome, it is unlikely they will remain high based on sales and mining, causing further push for the share price to continue dropping.

[bitcoin.newsfeed]

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

That would be a plan I like to see happening. Do you've got a link to the interview/report??? I think I've missed that, sounds like a good read

Where have you been?  unless you know Chinese ...

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

A brief translation is as below:

1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.

2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.

3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.

[jimmothy]

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

Which is a loonnggg time from now, so we can expect (assuming nothing else that gives us BTC and BTC/USD will continue to rise or remain the same) that the share price will continue to drop more and more. While the dividends are awesome, it is unlikely they will remain high based on sales and mining, causing further push for the share price to continue dropping.

3 months is totally a long time... Short term investors sell now and Ill be sure to sell your shares back in 3 months when next gen is deployed.

[explorer]

  just saw a pic of AM usb units on the local news 
Said btc = 650.  I guess they broadcast from under a rock lol!

[Kouye]

just saw a pic of AM usb units on the local news 
Said btc = 650.  I guess they broadcast from under a rock lol!

Can you disclose what "local" is, please?

[GTR_JOEY]

Sorry for the noob reply and I know this is slightly off topic

Ive converted my G ASIC shares to direct shares with Friedcat by pushing the shares to TAT.Investments, ive neglected to appreciate the full understanding of what I have done. For this transaction the shares are charged 5 microshares per whole share so they can be listed on Havelock AM100 and this is not what I want.

So my situation is:

1. I wish to hold the shares and not sell them (but obviously they need to be held somewhere)
2. I do not wish to buy anymore shares in AM atm
3. I Want the dividends to be sent to my private wallet

What is the best way to achieve this without fees and whilst securing my shares after bitfunder closes?

thanks

[houseofchill]

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.

Yep, same here. From 2.5 down to .51.. I'm more 90% AM of my original BTC.

> who else should be on the boat right now if not us?

lol so true!

[jimmothy]

Sorry for the noob reply and I know this is slightly off topic

Ive converted my G ASIC shares to direct shares with Friedcat by pushing the shares to TAT.Investments, ive neglected to appreciate the full understanding of what I have done. For this transaction the shares are charged 5 microshares per whole share so they can be listed on Havelock AM100 and this is not what I want.

So my situation is:

1. I wish to hold the shares and not sell them (but obviously they need to be held somewhere)
2. I do not wish to buy anymore shares in AM atm
3. I Want the dividends to be sent to my private wallet

What is the best way to achieve this without fees and whilst securing my shares after bitfunder closes?

thanks

Why not use havelock?

You probably converted your g.asic shares to am100 shares which was an option given by TAT. If you want direct shares you need to transfer 105 shares for each direct share to TAT and send him an email with your btc wallet/email address. You can see more info on how to do this in the description on havelock.

[AMuppInTime]

You honestly think that FC is going to take the accumulated ~6,000,000 usd and just sit on it for 2 years? Even if he spend half of that on current gen hardware he could easily maintain 10%. What do you mean the roi is not stable and they might decide to stop paying divs? Where are you getting this misleading info from? Never has AM not payed divs and/or pull BS at any point.

FC in the interview announced that he plans to have gen3 28nm chips by feb if I remember correctly and gen2 40nm will come before that. All of which will be used for both sales and solo immserion cooled mining.

I don't "think" he would, but there's always a chance: he said he got the funds for 2 yrs of lab time, which as far as I know does not generate revenue - this assumes AM does not add to their mining farm. Asicminer was supposed to get 500TH shipped for October, I'm not sure if those are the cubes, but they could be: one nice dividend then what? You're speculating about what one "could" do with funds but I am just going along with what appears to be a sample scenario: friedcat saves enough to support staff/research for two years and fab time, while mining and hardware revenues continue to dwindle down (see past history).
We were promised a new chip gen for sept/October too, and it didn't arrive. What if the same thing happened again for the next gen? It is important to understand risks at this point.

The ROI is calculated depending on share price and dividend. What's AM's % of the network? Graph that over the last 6 months. If in a year AM has dropped the divs by half then your ROI will have dropped by about half too (if you buy at current).
How many dividends has AAPL paid? GOOG? A company gives out dividends at its discretion, be happy that ASICminer does, but you should see the value of the company beyond dividends, especially with the current push to sell hardware. Just like friedcat held back some divs the past few months, nothing prevents him from withholding ALL of if if he feels he needs to.

[minerpumpkin]

Where have you been?  unless you know Chinese ...

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html

A brief translation is as below:

1. Franchising: Only board members are allowed to become franchised partners. Their AM stocks are sent to FC as collateral in exchange for the ASIC devices. The devices are deployed by partners and 80% of the revenue generated by those devices is owned by FC.

2. FC has access to lower electricity cost which would be a big advantage compared to competitors outside China.

3. The estimated network hashrate of 1000p in 2014 is from a pessimistic point of view. Although it may not reach that level of hashrate by the end of 2014, FC would take it as a possible result and get well-prepared for it.

4. The immersion technique FC invented is a break-through compared to traditional one. This new technique would be of great help to the deployment of the new Gen chips.

5. FC didn't sell his AM stocks at the peak of its price. When asked in the interview why he didn't cash out, he responded that if he sold out the shares, people who bought them would make him work for them. He would like to only work for himself.

Thanks! I've now read a couple of pages and am back on track. Yeah, actually I've been on holiday when all that went down, so yeah...

[AndrewWilliams]

It seems like now is the right time to buy some AM shares, no?

[GTR_JOEY]

Sorry for the noob reply and I know this is slightly off topic

Ive converted my G ASIC shares to direct shares with Friedcat by pushing the shares to TAT.Investments, ive neglected to appreciate the full understanding of what I have done. For this transaction the shares are charged 5 microshares per whole share so they can be listed on Havelock AM100 and this is not what I want.

So my situation is:

1. I wish to hold the shares and not sell them (but obviously they need to be held somewhere)
2. I do not wish to buy anymore shares in AM atm
3. I Want the dividends to be sent to my private wallet

What is the best way to achieve this without fees and whilst securing my shares after bitfunder closes?

thanks

Why not use havelock?

You probably converted your g.asic shares to am100 shares which was an option given by TAT. If you want direct shares you need to transfer 105 shares for each direct share to TAT and send him an email with your btc wallet/email address. You can see more info on how to do this in the description on havelock.

thanks for your reply mate

Im not really too sure if converting to Havelock is in my best interest, im not saying it isn't, im just not sure

I have already completed the direct transfer function to TAT and the email has been sent so the shares are currently with him now. Not sure if what ive done can be un-done.

based on my situation in my original post is this the best way for me to go? surely theres a way to receive my dividends and not have to move the shares somewhere for a fee?

I just hate paying fees

thanks in advance

[hak8or]

[SNIP]

thanks for your reply mate

Im not really too sure if converting to Havelock is in my best interest, im not saying it isn't, im just not sure

I have already completed the direct transfer function to TAT and the email has been sent so the shares are currently with him now. Not sure if what ive done can be un-done.

based on my situation in my original post is this the best way for me to go? surely theres a way to receive my dividends and not have to move the shares somewhere for a fee?

I just hate paying fees

thanks in advance

If I understand correctly, you are mainly focused on getting the dividends? If so, Asicminer should have your public bitcoin address, and they send the dividends to that address. For example, I have my public address in bitfunder set to an address I own, so every week I get the dividends of that one share. That share is a direct share.

[GTR_JOEY]

[SNIP]

thanks for your reply mate

Im not really too sure if converting to Havelock is in my best interest, im not saying it isn't, im just not sure

I have already completed the direct transfer function to TAT and the email has been sent so the shares are currently with him now. Not sure if what ive done can be un-done.

based on my situation in my original post is this the best way for me to go? surely theres a way to receive my dividends and not have to move the shares somewhere for a fee?

I just hate paying fees

thanks in advance

If I understand correctly, you are mainly focused on getting the dividends? If so, Asicminer should have your public bitcoin address, and they send the dividends to that address. For example, I have my public address in bitfunder set to an address I own, so every week I get the dividends of that one share. That share is a direct share.

Yes this is what I mean, I already have an address set up to my wallet, though the last dividends were paid to my bitfunder account which im assuming was still the correct thing to happen

If im able to transfer my shares back to bitfunder what will happen to them when the site closes? will they simply become a direct share with AM with dividends being paid to my public bitcoin address I have in bitfunder

thanks

[Zubilica]

People are cashing out BTC, selling their assets, this includes AM shares, dividends will set a trend up or down for the future of AM. I have seen cubes sold allover the place and the price may lower for it. Awaiting with excitement the next develops of this project

[data]

Of course people are locking in profits, because I am fairly sure that bitcoin will dip again soon. That is the benefit of the early adopters that they can now take all those shiny Winklevoss dollar bills we are all so opposed to...
Also, US senate.

That said, with the amount of money and us selling about 10-12% of current network capacity in the last week and the next weeks, I don't see why more people are selling, but it is the small(er) investors that are on Havelock. But if I were one of the whales, I'd sell 100-200 shares right now, cash out to Euros or dollars, and buy myself a new car. Bonus points if you cashed out at 5

[empoweoqwj]

Of course people are locking in profits, because I am fairly sure that bitcoin will dip again soon. That is the benefit of the early adopters that they can now take all those shiny Winklevoss dollar bills we are all so opposed to...
Also, US senate.

That said, with the amount of money and us selling about 10-12% of current network capacity in the last week and the next weeks, I don't see why more people are selling, but it is the small(er) investors that are on Havelock. But if I were one of the whales, I'd sell 100-200 shares right now, cash out to Euros or dollars, and buy myself a new car. Bonus points if you cashed out at 5

My plan was to cash out half my shares at 5 because I bought at 2.5. But the price never quite got there on btct as far as  I know, got to around 4.8 from memory. People with direct shares could have auctioned some off for 5 I suppose.

But actually now, I'm happy to still have all my shares. Being invested heavily in a Chinese bitcoin mining company seems to be the exactly right place at this point. Time will tell of course.