ASICMINER: Entering the Future of ASIC Mining by Inventing It

To be fair a dividend, if any, would still be tiny no? There's a point where it's not really worth it because of dust rules and transaction fees when you try to spend the inputs.

Dividends are on sales of chips so they would not be based on mining

this. investment has been in a business*, not cloud hashing. the value of your shares will rise according to the value of the project, not how many bitcoins it mines Cheesy

*disclaimer - do not spend any more on stocks/shares/gambling, than you can afford to lose.

Quote from: Jutarul on April 21, 2014, 10:25:34 PM

This is to inform that friedcat met with the board today and provided some updates.

General Update
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Tapeout and initial testing of the Gen-3 chip was a success. The power draw is higher than expected - it remains to be seen by how much it can be reduced. Current developments focus on optimizing Gen-3 and working on Gen-4 which will be a lower nm tech. Gen-4 is overall a more challenging product, but friedcat and his team are confident that AM can compete both on price and power-efficiency with each generation of chips. AM will provide an open-source reference design for the PBC board for Gen-3 when sales are offered on a more casual basis. The packaging of the chip may change over time (point of optimization), so the board design needs to accommodate this.

The exact pricing is negotiated with large quantity buyers at the discretion of AM within the range advertised. The production rate will be high enough to sustain the empirically observed exponential growth of the hashing power within the near future. AM is trying to trade off risk with rewards as much as possible when allocating chips to self-mining, franchising and sales.

The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements.

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.

So yep chips but agree with you that it is be cautious