ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jimmothy]

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China

Very nice. About 10 times what I expected.

Thanks for the updates as always.

@klondike bitmain always advertised 0.68w/gh chip level

[hdbuck]

7) After recent crackdowns on BTC exchanges in China, is AM still unaffected and are there strategies to continue operations in case of problems?
re 7) There are no crackdown on BTC exchanges. What the central bank did was to secretly prevent banks from keeping their company bank accounts without placing any public bans. It reflects the fact that the gov has still been pretending that they are neutral to Bitcoin.

i knew it!

ps: yeay good news good news, thanks

[necro_nemesis]

Thank-you. I am very pleased with the insight you are providing. I suspected that AM would mine more extensively through franchising after the previous post stated that mining directly would be limited by current capacity of 3P. The franchising terms appear to be very favorable.

[Chris_Sabian]

Always good to hear the updates, Jutarul.

[He1l_Q]

There are no general updates this time, only the replies to the questions raised and submitted by forum shareholders:

Specific Updates
================

Submitted Questions:
1) When can we expect the financial report that's supposed to coincide with the next round of dividends?
re 1) May 27.

2) With the switch to selling chips, can we expect dividends to be paid out on are "more monthly" basis?
re 2) Most likely yes.

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.

4) What are the current approximate terms of franchised mining, i.e. what does it take to become a franchisee and how are AM and the shareholders profiting from it?
re 4) We have the deployment team to investigate and audit the franchisees. We prefer the original 80/20 division and the 80% are calculated as our mining income. But the cost of the device (without chips) needs to be calculated in so there will be adjustments.

5) Are there any current plans of improving the PR; maybe bi-weekly short summaries or a PR person (board member?)? Are question sets like this an option, maybe once a month?
re 5) This question set can be posed more frequently. For the PR topic, it's still a to-be-solved problem.

6) Is it feasible to create a "gen 3.5" with the consumption drawbacks fixed? With the consumption issue at hand, what is the timeframe for gen 4; are there any adjustments?
re 6) No "gen3.5", but there will be "gen3.1", which is exploiting the production options from the fab the minimize the consumption.

7) After recent crackdowns on BTC exchanges in China, is AM still unaffected and are there strategies to continue operations in case of problems?
re 7) There are no crackdown on BTC exchanges. What the central bank did was to secretly prevent banks from keeping their company bank accounts without placing any public bans. It reflects the fact that the gov has still been pretending that they are neutral to Bitcoin.

General Disclaimer
==================

Please note that some information is subject to change, as this is a very agile business. Please be careful when speculating on company valuation. This information is purely provided as a service to current shareholders and may not be free of errors.

Wow, thank you Jutarul!

Thirsty for my dividends.

[ninjarobot]

re 5) For the PR topic, it's still a to-be-solved problem.

Thanks for the update Jutarul.

I actually think you may have largely solved issue 5 already if you keep doing what you are doing

[bitcoin.newsfeed]

so another long month ... we hope and believe™ that it will be really one month 

after :

tapeout date January 20th
mass delivery in March
This month(april): 850k

[drafy]

so another long month ... we hope and believe™ that it will be really one month 

after :

tapeout date January 20th
mass delivery in March
This month(april): 850k

So there is still no dividends this month?  Intersting.

[Fordee]

So there is still no dividends this month?  Intersting.

Assuming you have at least 30 full shares...   


   1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i  =  $ 12,674.87

   $ 12,674.87 / 400,000 = about 3.1cents per share.     

 Your dividend is worth about 93 cents.

 I'd pay and deliver it myself, but it'd cost me $1 in postage.

 This thread is for intelligent discussion.    Hope I didn't offend...  much.   

[Aureum_Coffee]

Good news.  Looking forward to the dividends.

[372174788]

Good news

[minerpumpkin]

re 5) For the PR topic, it's still a to-be-solved problem.

Thanks for the update Jutarul.

I actually think you may have largely solved issue 5 already if you keep doing what you are doing

Ouch 

[bitcoin.newsfeed]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland and after past year nothing is able to surprise me anymore

[🏰 TradeFortress 🏰]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

[minerpumpkin]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

Ha.

[freedomno1]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

^_^ Ha. Indeed
_{(Worships the dark overlord and master who secretly knows all of AM Tradefortress XD)}

[lophie]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

^_^ Ha. Indeed
_{(Worships the dark overlord and master who secretly knows all of AM Tradefortress XD)}

He better buy BTC ASAP at these low exchange rates.... I am kinda worried he would exchange $$ to BTC just before the divs. I am really bullish on BTC going up by the end of May.

[Blazed]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

Coming from you that does not mean anything 

[Caesium]

Where are money from April 850k batch? Its millions ... Maybe Friedcat is waiting for China banning Bitfountain's bank accounts so he can tell : "Sorry guys, no dividends, *they stole our money*, we must retain profits of all gen3 to cover our loss, see you next year."  I saw that before in Bitcoinland, after past year nothing is able to surprise me anymore

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

Coming from you that does not mean anything 

The gall of this guy amazes me, that he strolls back in like nothing happened. Incredible.

[Chris_Sabian]

I doubt it. Friedcat and ASICMINER is legit, business does not go well all the time.

Your thoughts and opinions mean exactly 0.  You are in the same group as Ukyo, Danny Brewester, Mark Karpeles.

ASICMINER and Friedcat have been true to their word (within a normal degree of error).