ASICMINER: Entering the Future of ASIC Mining by Inventing It

[dmcdad]

Why do you think you are so smart in contrast to BF PT owners?

No one blames FC for anything regarding BF. We just would like if he would tell us what the status is. He knows for sure more than we do. Is it so absurd to expect him to give us the information on this issue he has?

Edit: Believe it or not, but we are also his shareholders. And he should stick to us.

That's the point: you are not.

Anyone who told you you were, was lying.

What are you. A public officer or a schoolmaster?

I'm afraid he is just stating the facts. I hope it does work out for PT owners, but I agree FC shouldn't be the mediator here.

So you think BF PT owners are not allowed to know what's the matter?

Of course they are. And it would be nice if FC chimed in with any info he might have. But it isn't his obligation/duty/etc.

[robix]

Why do you think you are so smart in contrast to BF PT owners?

No one blames FC for anything regarding BF. We just would like if he would tell us what the status is. He knows for sure more than we do. Is it so absurd to expect him to give us the information on this issue he has?

Edit: Believe it or not, but we are also his shareholders. And he should stick to us.

That's the point: you are not.

Anyone who told you you were, was lying.

What are you. A public officer or a schoolmaster?

I'm afraid he is just stating the facts. I hope it does work out for PT owners, but I agree FC shouldn't be the mediator here.

So you think BF PT owners are not allowed to know what's the matter?

Of course they are. And it would be nice if FC chimed in with any info he might have. But it isn't his obligation/duty/etc.

Exactly. That's what I'm asking for.

[aahzmundus]

Him providing information? Sure... but people are looking for him to take action and provide a solution to the issue.  Again, on his end there is no issue.  You are not his shareholder, you had an agreement with someone else, not him.

[robix]

Him providing information? Sure... but people are looking for him to take action and provide a solution to the issue.  Again, on his end there is no issue.  You are not his shareholder, you had an agreement with someone else, not him.

Never mind.

[AMuppInTime]

Him providing information? Sure... but people are looking for him to take action and provide a solution to the issue.  Again, on his end there is no issue.  You are not his shareholder, you had an agreement with someone else, not him.

+1
People need to really consider pass through shares - you are NOT an actual shareholder if you're holding PT shares, and you're trusting the asset issuer, who can (and occasionally did) leave you in the dust.

Balance liquidity and security as you see fit. I'd recommend holding actual shares (although that has its own risks in itself)

[discobean]

Does anybody know what is happening with Bitfunder share transfer.  Shouldn't have it happened 2nd of December?

[empoweoqwj]

Does anybody know what is happening with Bitfunder share transfer.  Shouldn't have it happened 2nd of December?

I don't mean to laugh, but just look at what the 10 previous posts were about and you will get your answer. No real need to post.....

[Vycid]

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

0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:

0.3 * $1000 * 400,000 = $120M

Obviously this company is undervalued  

[jimmothy]

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

0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:

0.3 * $1000 * 400,000 = $120M

Obviously this company is undervalued  

At 2-20ph people have calculated that this would allow AM to reach 10% of the network hashrate or 1btc/share.

I know you are being sarcastic but $120m is still a low evaluation considering that last years profits were twice that.

[lophie]

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

0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:

0.3 * $1000 * 400,000 = $120M

Obviously this company is undervalued  

At 2-20ph people have calculated that this would allow AM to reach 10% of the network hashrate or 1btc/share.

I know you are being sarcastic but $120m is still a low evaluation considering that last years profits were twice that.

Yawn, I am satisfied with 3 times the IPO, Dunno about the bag holders of 2-5BTC.

[Xu]

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

0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:

0.3 * $1000 * 400,000 = $120M

Obviously this company is undervalued  

At 2-20ph people have calculated that this would allow AM to reach 10% of the network hashrate or 1btc/share.

I know you are being sarcastic but $120m is still a low evaluation considering that last years profits were twice that.

Nobody is questioning last year's performance, it was great. The question is how it will do in the future. Gen2 utterly failed. While I have great hope for Gen3, we have to factor in that it could just as easily fail as well. We won't know if it succeeds or fails for months, and in the meantime, wall we have to look forward to is dismal dividends and no provable progress. And of course we are all trusting some Chinese guy who won't even reveal his real name. So, yeah, there are some major risk factors.

[empoweoqwj]

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

0.3 BTC/share @ $1000 USD/BTC, with 400,000 shares:

0.3 * $1000 * 400,000 = $120M

Obviously this company is undervalued  

At 2-20ph people have calculated that this would allow AM to reach 10% of the network hashrate or 1btc/share.

I know you are being sarcastic but $120m is still a low evaluation considering that last years profits were twice that.

Nobody is questioning last year's performance, it was great. The question is how it will do in the future. Gen2 utterly failed. While I have great hope for Gen3, we have to factor in that it could just as easily fail as well. We won't know if it succeeds or fails for months, and in the meantime, wall we have to look forward to is dismal dividends and no provable progress. And of course we are all trusting some Chinese guy who won't even reveal his real name. So, yeah, there are some major risk factors.

Gen2 didn't "utterly fail" - they chose not to go ahead with that technology because the advantages weren't great enough. It was a strategic decision. If you really believe the chances of Gen3 failing are the same as (non-existent) Gen2 then you should sell, sell, sell.

Nobody moans about FC "not giving his real name" when the dividends are piling in do they 

[User705]

Who here honestly believes that FC real name isn't known to dozens if not hundreds of people?  Small/regular shareholders don't but it's not like he could disappear one day without his name and everything else about him almost instantly revealed.

[chriswilmer]

Am I the only one who is concerned about 10 ph being not nearly enough? I think it will probably be fine until Aug. 2014... but that's not a long time from now. What comes next?

[empoweoqwj]

Am I the only one who is concerned about 10 ph being not nearly enough? I think it will probably be fine until Aug. 2014... but that's not a long time from now. What comes next?

He said 2-20 ph was the initial deployment, that's all.

[Voodah]

Am I the only one who is concerned about 10 ph being not nearly enough? I think it will probably be fine until Aug. 2014... but that's not a long time from now. What comes next?

He said 2-20 ph was the initial deployment, that's all.

I see an assembly line, stretching as far as the eye can see. Building liquid cooled hashing containers, to be deployed as difficulty increase rides up the parabolic curve.    
I have foretold it. Make it so  

Then you would be dreaming.

He just said focus would shift more and more to chip making and distribution. That is another way to say they do not want to bothered about the non-intelectual property stuff that anyone can do.

That's the whole point of immersion cooling. The contents can be easily upgraded. Miners will have to absorb the cost of the casing and cooling hardware, which will presumably allow them to use it for more than one gen.

AM can focus on it's unique talent, making chips. 3rd parties will pop up to provide cards that use the chips, casings and coolings.

EDIT: think Intel like...

[Vycid]

Am I the only one who is concerned about 10 ph being not nearly enough? I think it will probably be fine until Aug. 2014... but that's not a long time from now. What comes next?

He said 2-20 ph was the initial deployment, that's all.

I see an assembly line, stretching as far as the eye can see. Building liquid cooled hashing containers, to be deployed as difficulty increase rides up the parabolic curve.    
I have foretold it. Make it so  

Then you would be dreaming.

He just said focus would shift more and more to chip making and distribution. That is another way to say they do not want to bothered about the non-intelectual property stuff that anyone can do.

That's the whole point of immersion cooling. The contents can be easily upgraded. Miners will have to absorb the cost of the casing and cooling hardware, which will presumably allow them to use it for more than one gen.

AM can focus on it's unique talent, making chips. 3rd parties will pop up to provide cards that use the chips, casings and coolings.

EDIT: think Intel like...

This is a terrible idea, since it will take zero effort for Intel to start doing everything they're doing, except better.

AM's value proposition is maximized as a vertically-integrated mining hardware manufacturer.

[Jutarul]

This is a terrible idea, since it will take zero effort for Intel to start doing everything they're doing, except better.

AM's value proposition is maximized as a vertically-integrated mining hardware manufacturer.

The strategy is likely to be twofold. Chips for wholesale and devices for direct sales/franchise/deployment.

You're correct. The value proposition of AM is that they are more or less fully integrated (infrastructure wise) from design to turning it on.

[hak8or]

Here is what I am thinking. Since they have been dabbling in immersion cooling, which allows for high density units, it does not make sense for them to ditch that and instead just sell chips. I think they will do sell mining hardware in the form of units that just need power, and then have an inlet and an outlet for fluid. These units would be like shipping containers, when you buy them it shows up at your facility, you connect the pipes and pumps and power, and use your own radiators, and you have a multi terahash miner.

[empoweoqwj]

Am I the only one who is concerned about 10 ph being not nearly enough? I think it will probably be fine until Aug. 2014... but that's not a long time from now. What comes next?

He said 2-20 ph was the initial deployment, that's all.

I see an assembly line, stretching as far as the eye can see. Building liquid cooled hashing containers, to be deployed as difficulty increase rides up the parabolic curve.    
I have foretold it. Make it so  

Then you would be dreaming.

He just said focus would shift more and more to chip making and distribution. That is another way to say they do not want to bothered about the non-intelectual property stuff that anyone can do.

That's the whole point of immersion cooling. The contents can be easily upgraded. Miners will have to absorb the cost of the casing and cooling hardware, which will presumably allow them to use it for more than one gen.

AM can focus on it's unique talent, making chips. 3rd parties will pop up to provide cards that use the chips, casings and coolings.

EDIT: think Intel like...

This is a terrible idea, since it will take zero effort for Intel to start doing everything they're doing, except better.

AM's value proposition is maximized as a vertically-integrated mining hardware manufacturer.

Intel have got better things to do with their time than make bitcoin mining hardware.