ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bitcoin.newsfeed]

Just wait, TAT will eventually respond to you, since he is also co-founder of NEOBEE and now is Senate Banking Subcommittee hearing on virtual currencies LIVE right now on C-SPAN3, maybe hes watching.

My question on TAT is, if the board had some meetings in last 6weeks and why aren't they sharing some info from board meetings with other shareholders?

"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."

[freedomno1]

That reminds me its been a while since we have done a Shareholder FAQ
We should pile up some questions to send to Friedcat

[SebastianJu]

A common and recurring theme in this thread are two things:

• Friedcat has not lived up to his promise of keeping 10% of the network
• ASICMINER is ripping of their customers, because the hardware will most likely not get a positive ROI

Shareholders already wonder how friedcat could create the cubes and still make a profit. And still you criticize him for buyers that sell more than they should? Dont you realize that its a market with offer and demand? If friedcat isnt selling it then others will sell it. So how can you await from a business that they throw away their margin? If you get your car sold for 150% of its worth you will sell it for that price. Otherwise i want to see you negotiating with the buyer that it wouldnt be fair and that he should pay only 100% instead. For sure you would do this right?

[twbt]

A common and recurring theme in this thread are two things:

• Friedcat has not lived up to his promise of keeping 10% of the network
• ASICMINER is ripping of their customers, because the hardware will most likely not get a positive ROI

Shareholders already wonder how friedcat could create the cubes and still make a profit. And still you criticize him for buyers that sell more than they should? Dont you realize that its a market with offer and demand? If friedcat isnt selling it then others will sell it. So how can you await from a business that they throw away their margin? If you get your car sold for 150% of its worth you will sell it for that price. Otherwise i want to see you negotiating with the buyer that it wouldnt be fair and that he should pay only 100% instead. For sure you would do this right?

It's all about mining, SebastianJu. - I don't trust this modell since fm shares prize gone below 2 btc.

[SebastianJu]

A common and recurring theme in this thread are two things:

• Friedcat has not lived up to his promise of keeping 10% of the network
• ASICMINER is ripping of their customers, because the hardware will most likely not get a positive ROI

Shareholders already wonder how friedcat could create the cubes and still make a profit. And still you criticize him for buyers that sell more than they should? Dont you realize that its a market with offer and demand? If friedcat isnt selling it then others will sell it. So how can you await from a business that they throw away their margin? If you get your car sold for 150% of its worth you will sell it for that price. Otherwise i want to see you negotiating with the buyer that it wouldnt be fair and that he should pay only 100% instead. For sure you would do this right?

It's all about mining, SebastianJu. - I don't trust this modell since fm shares prize gone below 2 btc.

You mean friedcat should only mine themself? In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months. On top we got all the btc in one moment instead months.
Selling hardware is very important and was always a big part of the divs. I was sceptic before too but its a simple decision.

[twbt]

In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months.

That's not a good future business modell.

[jimmothy]

In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months.

That's not a good future business modell.

IMO it is a great business model. Sell old tech hardware to fuel development of next gen.

[silverfuture]

It's only a bad business model if the products don't sell out again and again. The market has spoken.

[binaryFate]

In fact most miners that friedcat sold will not make ROI. So we got more btc for the miner than we would have gotten self mining for months.

That's not a good future business modell.

Selling (in BTC) a mining hardware for more than it can mine (in BTC), is just the right thing to do. It's not a business model, it's plain logic, now and in 10 years whatever is the mining landscape at that time.
I, too, was sceptical about selling too much. It's just a psychological thing (we first get in this investment for "mining"...), but any rational analysis shows that selling can be even better. This analysis is very simple: you sell for more than you can mine, it's a profit, period! I'm puzzled we still discuss this.

 

[aahzmundus]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

[stripykitteh]

Products like the Cube are priced to the hobbyist/home miner market. The miners don't necessarily expect to make a big profit from it, they have it because it is cool.

Order your Cube, get it in 4 working days, start mining. Simple. No weeks or months of wondering if your hardware is going to turn up. I think friedcat understands market segmentation very well.

[Kouye]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you people think it is.

EDIT : edited my answer which could appear as a direct aggression and was not meant to be so

[aahzmundus]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

[webbrowser]

Furthermore, it is interesting that TAT himself has not replied to any of my comments. Could it be that as a board member he IS INDEED privy of future happenings and trading with insider informations?
Of course his denying it is not plausible because all the other board members KNOW what else is available out there.

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

[ThickAsThieves]

Furthermore, it is interesting that TAT himself has not replied to any of my comments. Could it be that as a board member he IS INDEED privy of future happenings and trading with insider informations?
Of course his denying it is not plausible because all the other board members KNOW what else is available out there.

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

TATI's only connections to Havelock are in relation to our listings there.

[webbrowser]

How is TAT connected to Havelock?  Other than having a few of his assets listed there?

TATI's only connections to Havelock are in relation to our listings there.

Thanks.  I trust you're not playing with words, and you yourself have no further connection to Havelock (apart from your assets being listed, or buying into other assets on a personal capacity).

So let's get back to discussing AM, instead of FUD'ing about Havelock and the share prices on Havelock when it represents only 13015 / 400000 shares (3.2% of AM).

[hak8or]

So let's get back to discussing AM, instead of FUD'ing about Havelock and the share prices on Havelock when it represents only 13015 / 400000 shares (3.2% of AM).

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

[freedomno1]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

I was thinking more along the lines of the Senate committee
They are anonymous money creating devices for the good of humanity that also act as space heaters.

The mad miner wants to have a money making machine and now you can buy one
For 1.99 BTC Retail

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

Not anything new that I know of maybe the board does but atm same situation.
The IPO is probably not a bad sign on havelock not an AM topic but it means they plan on sticking around
That and the Panama fund and a lot of business over there don't see a death flag hovering over the exchange yet

[101111]

With only BTC354 in the AM wallet atm I'm expecting a record low div. 

re: AM Exchange: it's better not to let the competition know what's going on.

[bitsalame]

Anyone who thought mining was a guaranteed gold mine did not read the 100,000 posts to the contrary everywhere.  Ask about mining on reddit or any other social media and the first post is usually don't do it.  If anyone purchased a miner from friedcat, or anyone else, and was not aware it may not make ROI they had some massive blinders on.

You have to factor in the global benefit of bitcoin getting stronger through the mining effort.
ROI might be a tad more complex than what you think it is.

Good point, I mine for the reasons you mention.  I may "lose" money, but in keeping the network secure and having something physical to show people I talk to about bitcoin, I probably have made far more then I "lost".

I was thinking more along the lines of the Senate committee
They are anonymous money creating devices for the good of humanity that also act as space heaters.

The mad miner wants to have a money making machine and now you can buy one
For 1.99 BTC Retail

Going a bit further, any do we know any information regarding the exchanges Asicminer and Activemining are building? Are they planning on taking a small cut of the exchange in the beginning? With these exchanges on the horizion, do you feel that the recent Havelock IPO is a dead man walking, except for institutional investors?

Not anything new that I know of maybe the board does but atm same situation.
The IPO is probably not a bad sign on havelock not an AM topic but it means they plan on sticking around
That and the Panama fund and a lot of business over there don't see a death flag hovering over the exchange yet

It would seem that the Panama Fund has a license to operate as a securities exchange.
I confirmed it: http://www.supervalores.gob.pa/files/Sociedades/Sociedades_Inversion_Privada_DRA.pdf
Third one from the top.

I am depositing btc back to havelock.