ASICMINER: Entering the Future of ASIC Mining by Inventing It

[rudi]

Thank you friedcat, minerpumpkin and jutarul!

[necro_nemesis]

I would like more information on how franchising benefits the shareholder since we seem to have limited our mining to current space which doesn't appear to be a limfac. I'm not looking for a generalization here. I'm interested in how AM specifically goes about it.

[minerpumpkin]

I would like more information on how franchising benefits the shareholder since we seem to have limited our mining to current space which doesn't appear to be a limfac. I'm not looking for a generalization here. I'm interested in how AM specifically goes about it.

Well franchising generates profits for AM, which are paid out to the shareholders - I believe we agree on that. Basically it shifts the risks and overhead of maintaining a mining operation to those franchisees. Do we know what the (current) terms are approximately?

[minerpumpkin]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

[RoadStress]

Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy  

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalk.org/index.php?topic=575499.msg6278748#msg6278748

[mikemikemike]

Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy  

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalk.org/index.php?topic=575499.msg6278748#msg6278748

Firstly, stop using this thread to plug your group-buy. I sincerely doubt anyone cares.

Secondly, AM is an established company in this industry, trying to compare it to someone on a forums group-buy is insulting.

[empoweoqwj]

Assuming 1$/GH at system level, that would mean that 50PH=50M$. With the current exchange rate and with the current market i simply don't think that will happen.

Says the guy running a $5 million dollar group buy..

He's running PRE-ORDER group buy  

It's a pre-order group buy for a company that already have a working product and already delivered units sooner than promised. It's not a regular "new company pre-order scheme". Also i have expressed my views regarding this pre-order in the second post of the Group Buy.

Also we all know that AM likes to sell in stock miners at an overpriced cost. WAY overpriced. From what i remember they used to sell last year miners for more than 30$/GH when the rest of market was around 15$/GH. My Group Buy offers the lowest $/GH for the pre-order miners from a well established and funded company, but also the lowest $/GH for their already launched miner, the SP10 (2.14$/GH lowest price right now on market). See: https://bitcointalk.org/index.php?topic=575499.msg6278748#msg6278748

August delivery? Excellent, what's the hash rate going to be in August?

[RoadStress]

Firstly, stop using this thread to plug your group-buy. I sincerely doubt anyone cares.

Secondly, AM is an established company in this industry, trying to compare it to someone on a forums group-buy is insulting.

I was addressing jimmothy's issue when bitcoin.newsfeed jumped in to express his feelings about pre-orders which is now addressed too.

Whole discussion started when i expressed my view on the Jutarul's projected hashrate. My first post was replying to Franktank which was very happy about the hashrate deployment. I haven't started this by directly advertising my GB. I like to participate in discussions (as i did long before the GB) and if i'm organizing a GB i think that i should retain that right too. Also i was giving real life facts as example directly from my GB because it's the most obvious proof that money aren't flowing into mining as they used to last year. Backing statements with proofs and  facts is something that it should be done more often here on the forums don't you think?

[necro_nemesis]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

[RoadStress]

August delivery? Excellent, what's the hash rate going to be in August?

You tell me!

[empoweoqwj]

August delivery? Excellent, what's the hash rate going to be in August?

You tell me!

My point exactly. You don't know. I don't know. Yet you are taking fixed price orders for something that may or may not be delivered in August, with a hash rate unknown. No wonder it isn't full. People have become totally fed-up with pre-orders, especially ones so far away, with the hash rate going crazy.

AM well overpriced? In the past, customers chose to pay silly prices for AM products. AM's fault? Not to my mind. AM never lied about the specs of what they were offering. Why blame AM for dumb customers?

The new AM chips are not well overpriced, that is for sure.

[minerpumpkin]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  )

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

[mc_lovin]

I'd rather see 3 PH than 100 TH on the internal network.  Let's get crackin'!

Update was very positive in my opinion.

[necro_nemesis]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  )

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

Jutural extended the offer in his last post for follow up questions which I would take advantage of. I for one would like to know more about franchising and you had a very pertinent question regarding when the next financials would be published. I'm certain now that people have had the time to digest the previous post they may want some further information. PR is usually a push system but the offer is there for us to pull so let's try and formulate questions that stay within the scope of AM as an investment as this thread was structured for and submit them.

[stompysteve]

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

I dont understand why only 3PH, are we going back to the days of mining in a pool?

[hdbuck]

i just hope that since we are not going to see massive dividends from mining activities anymore, the conversion of fiat from chip sales to bitcoin will be conducted with due diligence. (and preferably when bitcoin is at a low price )

(maybe i am missing a part with franchisees, but i dont recall any infos about expected % of their mining activities perceived, overall franchisees hashing power, etc.)

[jimmothy]

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

I dont understand why only 3PH, are we going back to the days of mining in a pool?

"Only 3ph" never heard that one before.

Don't forget about franchising.

I hope AM will use/franchise a few 1MW immersion cooled containers.

[necro_nemesis]

I'm just trying to appreciate this placement of 100P. If RM is looking at 10P and we initially were looking at 2P - 20P production back in December; where's the remainder of the production headed? I have to suspect a fair percentage is going to franchising but I don't have an appreciation of the mechanics of how much of that revenue is apportioned to shareholders.

As to pooling I suggest AM start their own public pool with the use of mining and franchising to get enough of the network to solve sufficient blocks under their own moniker. Allow others to join in and charge the going rate. It would be a great representation of the tour de force they've created while allowing them to reap a constant percentage no matter how big the network increases thereby adding a small measure of stability to their revenue stream.

[minerpumpkin]

When is the next financial statement supposed to come in? Do we have any dates? This should be interesting because the first gen 3 dividends are supposed to come in then.

Jutural stated he would kindly take our questions to the board. @minerpumpkin Would you be willing gather those questions again? This approach worked the last time. Can't argue with success.

Yeah, sure! Do we need further answers already or do we want to wait and see how things play out over the next weeks. I, for one, am rather content right now with the information on AM's current status (a seldom, yet blissful state  )

Concerning the pre-orders: I guess waiting for a product to be delivered in 4 months alienates a lot of people, we all know about the pre-orders last year. Although I don't think there's less money flowing into mining. If it was to decline, the hashrate wouldn't go berserk the way it still does.

Jutural extended the offer in his last post for follow up questions which I would take advantage of. I for one would like to know more about franchising and you had a very pertinent question regarding when the next financials would be published. I'm certain now that people have had the time to digest the previous post they may want some further information. PR is usually a push system but the offer is there for us to pull so let's try and formulate questions that stay within the scope of AM as an investment as this thread was structured for and submit them.

Okay, those questions definitely make sense! Guys and Girls, more questions?

[necro_nemesis]

I d also like something addressing the stockholder PR.  We see the occasional post regarding product but not enough on the strategic side. Investor relations could use work and it appears now the company can hold it's ground for the long haul and improve in the areas of uncertainty through better communications.  I believe it's in everyone's interest including the company's.