ASICMINER: Entering the Future of ASIC Mining by Inventing It

[kingcrimson]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

[damiano]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

[empoweoqwj]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

[empoweoqwj]

Shares have been trading below 0.3 at Havelock yesterday and today.

What's your absolute low guys?

0.10 to 0.12

It might go that low, but IMO you have to be careful trying to bottom fish this one. All it will take is a positive update report from friedcat on gen3 and the price will instantly go to 0.5+. Will friedcat make such an announcement before gen3 ships? I don't know, but if you are trying to bottom fish that is the risk.

I consider anything from 0.3 or lower a good value. At 0.1 I will load up the dump truck (although for an investor of my size it is more like the glove box of a mini cooper) for shares.

We've had the "positive update" from FC. The maskout is on 14th January 2014. The tech is 40nm. What amazing good news are you expecting before March / April? News on chip stuff is normally bad i.e. "slight delays".

I'm not saying it will reach 0.10. What I am saying there is no good news coming out of FC this calendar year, so I am safe holding onto my coins watching the price go down on a daily basis.

It will only go to 0.5+ when Gen3 is about to happen, when the chips are being poured into that lovely hot liquid

[damiano]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days 

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

This is the biggest auction

https://bitcointalk.org/index.php?topic=368846.msg3939912#msg3939912

150 shares up for sale

[empoweoqwj]

Anyone want to unload their AM shares quick, then PM me. I can buy a bunch. My offer is .2/BTC . That's lower than the current share price, but probably not for long.
It is a very dry market so this is your chance to get a good amount of BTC.

There's 3 auctions started today with no takers.  Your offer will look good to them in a few days  

With the price sliding every day, not a good time to start an auction, but interesting to see what people buy at .... if at all. Have you got a URL for any of these auctions?

This is the biggest auction

https://bitcointalk.org/index.php?topic=368846.msg3939912#msg3939912


150 shares up for sale

Cool thanks for the link. He might get a few takers at 0.27 but if I wanted to get rid, I would have made it a 48-hour auction instead.

[chriswilmer]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

[empoweoqwj]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

5 bitcoin years is like 100 real years. I don't think anyone can have a vision that long. 2 years is much more realistic but I'm not really that keen on pre-announcing your "vision" to all your competitors. Understand fully you'd like to know, so would I, but so would his competitors as well. Best kept under his fried hat.

[bitcoin.newsfeed]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

Vision is sometimes very far away from reality you know ... Friedcat also had "vision" about :

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.

and look where are we ...

[KeyserSozeMC]

Price of each share?

[empoweoqwj]

So, after giving it a lot of thought, I've realized that if there was ONE question I would want to ask friedcat... it would be: what is 5 year vision for ASICMINER?
(if thinking 5 years out in the Bitcoin world is too crazy, then maybe just 2 years)

What do other people think about this question?

Vision is sometimes very far away from reality you know ... Friedcat also had "vision" about :

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.

and look where are we ...

Well he'd have to be about one step up from God to know what was going to happen to bitcoin in 12 months time. You still need to have a vision though, just constantly adjust your plans as you go along. He's only human you know.

[explorer]

Price of each share?

last 0.26667

[empoweoqwj]

Price of each share?

last 0.26667

and going down daily .............

[KeyserSozeMC]

Price of each share?

last 0.26667

and going down daily .............

Why is that, empoweoqwj?

[empoweoqwj]

Price of each share?

last 0.26667

and going down daily .............

Why is that, empoweoqwj?

because FC has announced Gen3 won't be out until (approximately) springtime, and there is nothing to prop up dividends until then. Since the AM share price is largely a function of last week's dividends, it makes sense that the share price will drop continually. Its actually dropped for 26 weeks now, in line with dividend reductions.

[chriswilmer]

Price of each share?

last 0.26667

and going down daily .............

Why is that, empoweoqwj?

because FC has announced Gen3 won't be out until (approximately) springtime, and there is nothing to prop up dividends until then. Since the AM share price is largely a function of last week's dividends, it makes sense that the share price will drop continually. Its actually dropped for 26 weeks now, in line with dividend reductions.

Isn't that irrational market behavior? You would think the share price reflects investors feelings about future dividends. The fact that the share price is so highly correlated to the week-to-week dividends is very puzzling to me.

[Rival]

Currently BTC is a risky investment by any standard. To invest in a company whose whole business model is based upon that risk carries even more risk. And then once you dump all of that into a blender and mix it up, you get to pour it out amidst the backdrop of hundreds of other BTC companies going bust over the last year and every investor losing everything. The level of risk starts to approach ludicrous speed.

At this point in the history of BTC and AM, the risk is so large that there is no real model that can realistically balance out the enormous risk. And make no mistake, it is enormous. Therefore, the rational investor will see weekly dividends as a way to try and shave off a little of that mountain of risk. Each time the div goes into the wallet, a small portion of risk has been mitigated. The share price is adjusted accordingly to reflect this.

[arousedrhino]

Price of each share?

last 0.26667

and going down daily .............

Why is that, empoweoqwj?

because FC has announced Gen3 won't be out until (approximately) springtime, and there is nothing to prop up dividends until then. Since the AM share price is largely a function of last week's dividends, it makes sense that the share price will drop continually. Its actually dropped for 26 weeks now, in line with dividend reductions.

Isn't that irrational market behavior? You would think the share price reflects investors feelings about future dividends. The fact that the share price is so highly correlated to the week-to-week dividends is very puzzling to me.

Bitcoin securities markets are irrational, people want quick week on week gains so 2 months of no divs means 2 months their money is doing nothing so they take it out of the stock. I agree with you and go long term but to each his own.

[Ditto]

It will only go to 0.5+ when Gen3 is about to happen, when the chips are being poured into that lovely hot liquid

Not too hot, hopefully.

[damiano]

Who wants to bet we will be below IPO by mid January ?