ASICMINER: Entering the Future of ASIC Mining by Inventing It

[FuzzyBear]

This may get lost in here so please feel free to PM me.

I am in a situation I would like a trusted member with ASICMINER shares to help me out with. I need to buy 5 shares at the market rate.. not sure what that is or if I have enough for it, but here is the story behind the NEED.

Essentially I was running a pass through on 5 shares of ASICMINER for the DVC devcoin community here https://cryptostocks.com/securities/39

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

I am looking to source 5 ASICMINER shares direct so that I can take over the listing and reimburse the investors from my own pocket. 

Would you be interested in selling me 5 shares?? How much do they go for these days??

Feel free to PM me if you would rather keep this not public but I wanted to show openness in my attempts to resolve the pass through I was a part of helping run

Fuzzybear

Alternatively, you could buy them here:  https://www.havelockinvestments.com/fund.php?symbol=AM1  and have them transferred to direct shares.

Thank you yes I am looking into Havelock... burnside also send me there.... I ideally did not want to have to use a website but i understand I may be able to transfer ownership or something.. All this is a little new to me so I need to look into the actual shares more and what I can do.

The person I was running the pass through held the 5 shares and did the payouts... now they have gone all quiet and left the share holders all in the dark and no dividends or anything.

Am I the only one that is curious as to who this person it?

Thread details here https://bitcointalk.org/index.php?topic=196217.0 I am reluctant to name and shame the person directly as I was aware of computer issues and medical issues that could give the user a genuine reason to be absent for this length of time... but if you are really interested then details can be found.

Thanks again for the advice.

Fuzzybear

[romerun]

yeah, what's up with these 1Enjoy 1Sochi thing ?

[nycgoat]

Divs are out: 0.00038072

[Caesium]

Divs are out: 0.00038072

Confirmed.

[aahzmundus]

Lets see how this transaction goes... first link in the chain has yet to be confirmed, my QT client does not even see my transaction yet... but I can see it on blockchain.info.

[empoweoqwj]

Divs are out: 0.00038072

Getting paid quicker every week. Prefer getting larger every week but need to wait a bit for that

[Chris_Sabian]

Lets see how this transaction goes... first link in the chain has yet to be confirmed, my QT client does not even see my transaction yet... but I can see it on blockchain.info.

I'm in the same position.

[donut]

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.

[ujka]

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.

Transactions are getting confirmed, but since included tx fees are less then recommended, priority for including those tx in a block is not very high. But they are comming through.

[neilol]

My payment is in a tx about 15 transactions down the unconfirmed chain.

I feel like this might get screwed up.

Still unconfirmed here as well

[dmcdad]

Not sure if others are still having problems, but mine confirmed here. There was a several hour delay on one of them, but that isn't unusual for AM dividend payouts.

[empoweoqwj]

Havelock paid about 30 minutes ago, so I presume they must have have gotten confirmed payment from AM

[aahzmundus]

Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.

[willBTC]

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

[ning]

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

[canth]

Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.

Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive.  I see the share price going up quite a bit the next few months.

AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?

[bitcoin.newsfeed]

AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.

Or am I missing something about the malleable tx 'flaw'?

I think you're right. AM is safe. I am watching on-going discussion and awaiting fix soon :

Code:

https://github.com/bitcoin/bitcoin/pull/3656

[buck19]

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

[minerpumpkin]

I have a question : the third-generation chip's payment considering USD and Bitcoins.   What if Friedcat would receive huge of USDs,  then How Friedcat pay shareholders Bitcoins ?  To buy huge Bitcoins in the market will certainly be hard .

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.

From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.

In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

These problems have been addressed by friedcat in his latest statement: https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133

[empoweoqwj]

Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.

I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.

I'm devastated right now - I have asked havelock if they can do anything about it ....

That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.

All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy