|
empoweoqwj
|
 |
December 29, 2013, 04:38:15 AM |
|
Friedcat definitely missed a huge opportunity on the sales side. It was obvious in March that the demand for hardware would persist into the 10s of Ph/s. ASICMINER could have supplied a very large chunk of that.
I'm sure it was amusing selling hardware at >$500 / Gh/s to fools that would never see BTC breakeven on the gear. But he could have just as easily sold several Ph/s at $50 to smart investors who stood on the sidelines and kept their money in hand. That would have been >$100M in sales.
I actually contacted Friedcat regarding this direction as my family had resources in China and the US to support distribution at this scale. Even though I was a large shareholder at the time, he never bothered to respond.
Now he's planning to come to market with a 40 nm product when at least 5 groups will have a 28 nm device available before him. Talk about bringing a knife to a gun fight!
Not sure how FC could have supplied huge amounts of hash rate with their old hardware? We all wish they could have waved a magic wand and supplied all demand but business doesn't work like that. Where was he going to get several Ph/s from  From the same fab that built his wafers for him. SMIC I suspect. 130 nm fabs run just about empty these days. He could have built as much as he wanted. "Built as much as he wanted" - everything is that simple right ..... do you really think if would have ignored you if he thought your idea would generate $100M of sales? I am explaining facts to you. The facts that led me to sell all my shares over 3 BTC. That you don't like the facts doesn't change anything. Yep - the fact is AM turned your "offer" down, so you sold all your shares off. Makes me wonder what you are doing here .... |
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Lohoris
|
|
December 29, 2013, 05:59:52 PM |
|
Not interesting.
Could you guys just stop?
|
|
|
|
|
Fordee
|
|
December 29, 2013, 06:03:25 PM |
|
Not interesting.
Could you guys just stop?
+1 |
|
|
|
|
nodroids
Newbie
 Offline
Activity: 42
Merit: 0
|
|
December 31, 2013, 12:07:18 AM |
|
I think all these second guesses by guys outside of the industry Friedcat pretty-well invented and honorably honored his obligations in is a bit laughable.
Furthermore, everyone asking for updates are on their knees begging that he give away trade secrets in one of the world's most competitive industries... Presuming you're a shareholder, many of you are generally begging to slit your own throats.
This guy has proven himself shrewd, with getting franchising going so he could control the best mining pool going come gen 3 and get his franchisees paying for rack, cooling and general data center overhead. All while continuing to look like the white knight of the network, i.e., never going for %51 not when he could back in June and not in four months when he has the cheapest chips and the means to cool them across multiple (security in distribution) data centers. Centralization is the game now, come May even Neptunes in small in-home mining rigs may be shutting down. And he's cooly looking at 25 nm and saying 40 will do when I, Friedcat, can rack them more efficiently while scaling as needed, knife to a gun fight my ass. He can probably scale up under half the costs in China as KnC is taping for in less than marginal efficiency tech in Europe. You wouldn't take those savings up front on equipment that depreciates this fast?!
Let's consider for a moment that he bowed out of gen 2 to develop the full mining model when it was clear that an arms race was going to get out of control.
KnC has near a %22 chip failure rate, mostly due to overheating, according to my scouring of the miners' forums as everyone tries to deploy them ASAP.
Friedcat came through better than any stock maybe even in history, and now everyone is second guessing him developing a mature business model for the industry, that he, again, invented. With his cash and vision (I'm not even talking about the other half of the model he's developing which is clearly profitable) he is still THE brand in mining's golden age come May.
It's not about flexing brawn in an arms race but developing the business model that reflects the brains to outsmart the competition who're racing like blinded horses. Friedcat has dropped all the cues in the world that he's on this like Alexander on Conquering, short of illuminating the way through the maze for his competitors. He's got the birds in the hand (10,000+ btc) and in the bush. And my money is on him.
|
|
|
|
|
|
Arcas
|
|
January 01, 2014, 01:41:24 AM |
|
I've been out of the loop for a few months. When I last checkup up on the community, ASICMiner had ~30% of the total hashrate. Now they are at 1%. Can someone fill me in with the situation?
|
|
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
|
January 01, 2014, 02:38:18 AM |
|
No new deployment, rapid network size increase. New deployment expected by about April.
|
|
|
|
|
|
empoweoqwj
|
|
January 01, 2014, 03:24:05 AM |
|
I've been out of the loop for a few months. When I last checkup up on the community, ASICMiner had ~30% of the total hashrate. Now they are at 1%. Can someone fill me in with the situation?
30% - those were the days ............ Basically they didn't replace their Gen1 equipment and all the competition arrived ....... but they have it all in hand (cough cough), Gen3 will launch in around April time. |
|
|
|
|
|
astutiumRob
|
|
January 01, 2014, 03:29:07 AM |
|
Can someone fill me in with the situation?
Just that other people made/shipped more hashing rate |
|
|
|
|
bitdude
|
|
January 01, 2014, 03:44:05 PM |
|
0.00081605 BTC per share for today
Happy New Year
|
|
|
|
|
|
CumpsD
|
|
January 01, 2014, 11:21:28 PM |
|
0.00081605 BTC per share for today
Happy New Year
May I ask how you can check if divs have been paid? Does asicminer always transfer from the same bitcoin address? I'm asking because I'd like to check if my newly (first) bought shares are now coming from AM or still from the seller passing through divs |
|
|
|
|
|
jimmothy
|
|
January 01, 2014, 11:42:35 PM |
|
0.00081605 BTC per share for today
Happy New Year
May I ask how you can check if divs have been paid? Does asicminer always transfer from the same bitcoin address? I'm asking because I'd like to check if my newly (first) bought shares are now coming from AM or still from the seller passing through divs |
|
|
|
|
|
CumpsD
|
|
January 01, 2014, 11:43:52 PM |
|
0.00081605 BTC per share for today
Happy New Year
May I ask how you can check if divs have been paid? Does asicminer always transfer from the same bitcoin address? I'm asking because I'd like to check if my newly (first) bought shares are now coming from AM or still from the seller passing through divs Thanks  I would've expected to see one massive transaction with all divs in it, but it's lots of little ones apparently |
|
|
|
|
el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
|
|
January 02, 2014, 02:14:28 AM |
|
How would I invest in ASICMINER now? What's the most direct way? I am not interested in any pass-through... Sorry for not reading up on 800+pages
|
|
|
|
|
|
CumpsD
|
|
January 02, 2014, 02:29:41 AM |
|
How would I invest in ASICMINER now? What's the most direct way? I am not interested in any pass-through... Sorry for not reading up on 800+pages
Buy direct shares from people on this forum via the market and auctions parts |
|
|
|
|
|
101111
|
|
January 02, 2014, 03:48:21 AM |
|
|
|
|
|
|
|
empoweoqwj
|
|
January 02, 2014, 03:55:49 AM |
|
How would I invest in ASICMINER now? What's the most direct way? I am not interested in any pass-through... Sorry for not reading up on 800+pages
Buy pass-through (havelock.com) and convert to direct shares within a week. |
|
|
|
|
el_rlee
Legendary
Offline
Activity: 1600
Merit: 1014
|
|
January 02, 2014, 12:33:57 PM |
|
Thanks for the answers, sorry again for not doing more research... But basically who is managing the register of direct shares? friedcat himself?
|
|
|
|
|
|
aahzmundus
|
|
January 02, 2014, 07:47:47 PM |
|
Thanks for the answers, sorry again for not doing more research... But basically who is managing the register of direct shares? friedcat himself?
We only have contact with friedcat himself, weather when he gets this information if he passes it off to an aid is unknown... what we do know, and what he has assured us of, is that when we send stuff to his email, or forum account a request for a transfer we are indeed contacting him directly. |
|
|
|
Lincoln6Echo
Legendary
Offline
Activity: 2459
Merit: 1057
Don't use bitcoin.de if you care about privacy!
|
|
January 03, 2014, 11:44:00 AM |
|
Did I miss something? 1. Dividends are going lower because of Difficulty increase (-> Cointerra launch soon etc.) 2. No new statement from Friedcat 3. BTC price goes up 4. AM Share price goes up too ? (0.28 to 0.38@ Havelock] wtf?  |
|
|
|
|
|
jimmothy
|
|
January 03, 2014, 11:48:22 AM |
|
Did I miss something? 1. Dividends are going lower because of Difficulty increase (-> Cointerra launch soon etc.) 2. No new statement from Friedcat 3. BTC price goes up 4. AM Share price goes up too ? (0.28 to 0.38@ Havelock] wtf? Gen3 tapeout in ~17 days |
|
|
|
|
|
