ASICMINER: Entering the Future of ASIC Mining by Inventing It

[BitHub]

you would think with the amount of money asicminer makes they could afford 1 person full time to do the PR work. Just greed and being tight ass

[freedomno1]

Answers to Recent Questions of Shareholders' Concern

- When can we expect an official public relations appointment and what channels will be used to announce information?
  Still no dedicated full-time PR employee yet, since existing people in the company can only do it part-time, and knowing internals about the company business and arrangements poses requirements on some kind of loyalty for new employees, therefore we are still looking for the right people. Before that my collegues and I will keep updating information. The channel will still be forums from the start.

Thanks for the update, I have been receiving a bunch of messages from the press asking how to contact AM so having a dedicated Contact Person seems like a very useful idea .

Keep at the development

[vortex1878]

you would think with the amount of money asicminer makes they could afford 1 person full time to do the PR work. Just greed and being tight ass

this is terrible news, expecting below ipo prices very soon. its over.

Haha. Nice try.  

[chriswilmer]

Assuming the hash rate keeps growing at 100% per month (I'm not saying it will, but it has been doing that pretty reliably lately), the network will be at 80-160 PH in May of 2014.

So, 10 PH would put AM in the ballpark of 10% of the network (more if they deploy earlier, less if they deploy later).

Of course, the network hash rate could start leveling out earlier, but if bitcoins stay above $1000 USD then the price of electricity won't be a factor for a while yet.

If I was friedcat, I might lean towards the 20 PH side of "2 to 20 PH"...

[stripykitteh]

Bad news
-----------
1) (Very) Fuzzy on launch date
2) Cube sales paid out already
3) Nothing between now and Gen3 launch to augment mining sales = terrible dividends for a while
4) (To some) 40nm technology (though I don't give a hoot)
5) No dedicated PR person ... still

Good news
-----------
2P to 20P deployment. That has to guarantee at least 10% of the total hashrate right?


For my money, the good news outweighs the bad news, but I'm hoping lots of people don't see it that way and bail out  

Fair summary.

fc stressed that their emphasis is rightly going to be on Gen 3. That does portend some low divs ahead, so rightly or wrongly I think you will get your wish about the share price.

[empoweoqwj]

Bad news
-----------
1) (Very) Fuzzy on launch date
2) Cube sales paid out already
3) Nothing between now and Gen3 launch to augment mining sales = terrible dividends for a while
4) (To some) 40nm technology (though I don't give a hoot)
5) No dedicated PR person ... still

Good news
-----------
2P to 20P deployment. That has to guarantee at least 10% of the total hashrate right?


For my money, the good news outweighs the bad news, but I'm hoping lots of people don't see it that way and bail out  

Fair summary.

fc stressed that their emphasis is rightly going to be on Gen 3. That does portend some low divs ahead, so rightly or wrongly I think you will get your wish about the share price.

Here's hoping  I just can't believe some people won't bail when the divs get much lower ... and they will get much lower and for an extended period. How much lower the share price goes just depends on how many people can see the "long game" vs the "1-week brigade"

[vortex1878]

Already priced in that ridiculously low shareprice. That's why prices go up.

[BitThink]

We can safely ignore the dividend until next May and just gamble on 1) What's the first batch 2P or 20P; 2) what's the network hashing rate that time (100P or 80P).

If it's 2P and 100P, then the percentage is 2% and the weekly dividend is 0.0014. If it's 20P and 80P, then the percentage is 25% and the weekly dividend is 0.0175.  Assuming 30% ROI per year, the share price is 0.24 and 3 respectively.

Moreover, the dividend will be significantly lower if most chips are sold directly, then the share price could be 0.12 ~ 1.5.

[chriswilmer]

We can safely ignore the dividend until next May and just gamble on 1) What's the first batch 2P or 20P; 2) what's the network hashing rate that time (100P or 80P).

If it's 2P and 100P, then the percentage is 2% and the weekly dividend is 0.0014. If it's 20P and 80P, then the percentage is 25% and the weekly dividend is 0.0175.  Assuming 30% ROI per year, the share price is 0.24 and 3 respectively.

Moreover, the dividend will be significantly lower if most chips are sold directly, then the share price could be 0.12 ~ 1.5.

Given that the network hashing rate will eventually be 1000s of PH/s... kind of makes me wonder what the gen4 strategy is...

In general I wonder about the long term strategy.

[BitThink]

We can safely ignore the dividend until next May and just gamble on 1) What's the first batch 2P or 20P; 2) what's the network hashing rate that time (100P or 80P).

If it's 2P and 100P, then the percentage is 2% and the weekly dividend is 0.0014. If it's 20P and 80P, then the percentage is 25% and the weekly dividend is 0.0175.  Assuming 30% ROI per year, the share price is 0.24 and 3 respectively.

Moreover, the dividend will be significantly lower if most chips are sold directly, then the share price could be 0.12 ~ 1.5.

Given that the network hashing rate will eventually be 1000s of PH/s... kind of makes me wonder what the gen4 strategy is...

In general I wonder about the long term strategy.

The mining game cannot be played forever. AM has to find a way to get stable revenue out of mining before it's too late.

[Ozymandias]

Any chance that this guy might be FC or one of the other two Bitfountain members/owners?

http://online.wsj.com/news/articles/SB10001424052702303997604579237913301162066

[BitThink]

Any chance that this guy might be FC or one of the other two Bitfountain members/owners?

http://online.wsj.com/news/articles/SB10001424052702303997604579237913301162066

No, he's a huge bitcoin holder (rumor is that he has 5 digits of BTC) in China and maybe a board member of AM. He's also the advisor and maybe investor of bitshares.

[Ozymandias]

Any chance that this guy might be FC or one of the other two Bitfountain members/owners?

http://online.wsj.com/news/articles/SB10001424052702303997604579237913301162066

No, he's a huge bitcoin holder (rumor is that he has 5 digits of BTC) in China and maybe a board member of AM. He's also the advisor and maybe investor of bitshares.

Ah, thank you very much!

[bitcoin.newsfeed]

3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

- What is the size of the first Gen 3 deployment and when is it expected?
  It depends on if there are any external orders for the first Gen 3 deployment and the final performance when the chips are out. From 2P to 20P are possible.

 ... ...

[szmarco]

3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

- What is the size of the first Gen 3 deployment and when is it expected?
  It depends on if there are any external orders for the first Gen 3 deployment and the final performance when the chips are out. From 2P to 20P are possible.

 ... ...

he said it's first batch. Not all of 2014

[jimmothy]

3. 3rd Gen chips were also under development during that period. It is already developed now but still under test. It is expected to become a mature product in Feb 2014, which means its key indicators would be much better than those of its competitors. It is estimated that the network hashing power would be 1000p then, while Friedcat would deliver several hundred of it.

- What is the size of the first Gen 3 deployment and when is it expected?
  It depends on if there are any external orders for the first Gen 3 deployment and the final performance when the chips are out. From 2P to 20P are possible.

 ... ...

he said it's first batch. Not all of 2014

Yea the 1000PH estimation was for the end of 2014. I believe that was another translation error assuming feb 2014.

If AM got 20ph that would be insane compared to KNC first batch (3.6PH).

I'm hoping they will offer some sort of usb/cube again since competitors don't have any low-mid range next gen asics (1btc or less).

[robix]

Unfortunately no word about the status of the transfer of BF PT's to direct shares. 

[VeeMiner]

Bad news
-----------
1) (Very) Fuzzy on launch date
2) Cube sales paid out already
3) Nothing between now and Gen3 launch to augment mining sales = terrible dividends for a while
4) (To some) 40nm technology (though I don't give a hoot)
5) No dedicated PR person ... still

Good news
-----------
2P to 20P deployment. That has to guarantee at least 10% of the total hashrate right?


For my money, the good news outweighs the bad news, but I'm hoping lots of people don't see it that way and bail out  

Fair summary.

yep, I like this summary and I agree with it. I actually think it's good news overall and since I'm with AM for a long run I'm gladly staying with all my shares, even though I'm pretty sure that the dividends will be very very low in upcoming weeks/months. It's better to know that the dividend is low and when you're expecting it you won't be too dissapointed. What will probably happen is that a lot of shares will change hands from speculators to conservative investors.

[kirawei]

Friedcat no mention of Bitfunder G.ASICMINER-PT shares?

[hammurabi]

Friedcat no mention of Bitfunder G.ASICMINER-PT shares?

Maybe Ukyo needs more money from dividends.