ASICMINER: Entering the Future of ASIC Mining by Inventing It

[minerpumpkin]

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC my first selling orders are at 1,15BTC

Do you guys remember touching 4 BTC last summer?   good times!

[mikemikemike]

Can someone please tell me the total amount of shares issued? Held privately and publicly.

Edit: 400,000 is correct?

[necro_nemesis]

Take the divs and keep the shares for the future. Bitcoin is going to be mined for a very long time. This is merely round 2 of AM's fortunes.  

[minerpumpkin]

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

[hdbuck]

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC my first selling orders are at 1,15BTC

Do you guys remember touching 4 BTC last summer?   good times!

AMEN TO DAT, BOYS AND GALS, STOP FUDDING, SUMMER IS COMING!

[mikemikemike]

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking their are 400,000 shares still?

[minerpumpkin]

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking there are 400,000 shares?

Yes. I believe a couple (2 digit range) of shares got 'lost' when an exchange collapsed and no one claimed them, but that's negligible. AM owns 2/3, the rest is being held by investors and speculators.
Care to give us an insight in your calculations or ideas what you expect?

[mikemikemike]

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking there are 400,000 shares?

Yes. I believe a couple (2 digit range) of shares got 'lost' when an exchange collapsed and no one claimed them, but that's negligible. AM owns 2/3, the rest is being held by investors and speculators.
Care to give us an insight in your calculations or ideas what you expect?

Will do, just trying to get the base figures correct first

Does anyone have any details on mining and any other revenue streams?

Its annoying this is nearly a thousand pages long, for new investors getting information to make an analysis is a nightmare

[necro_nemesis]

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC my first selling orders are at 1,15BTC

Do you guys remember touching 4 BTC last summer?   good times!

Yeah and we also remember BTC being significantly less than it's present value.

[mikemikemike]

Am I correct in assuming mining will be @ 3PH? With 50% coming online in may June and the other 50% coming online in June July?

[minerpumpkin]

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

[mikemikemike]

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate. Not that I don't trust you, which I do, but that does sound too good to be true

[hdbuck]

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate. Not that I don't trust you, which I do, but that does sound too good to be true

...

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.

[minerpumpkin]

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

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.

[mikemikemike]

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

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.

Will do.

Cheers for this guys.

On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit.

[minerpumpkin]

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

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.

Will do.

Cheers for this guys.

On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit.

Ha, what are you so shocked about?

[ning]

Can someone please tell me the total amount of shares issued? Held privately and publicly.

Edit: 400,000 is correct?

The total number of shares is 399,962.

Reference:

I'd rather not want to predict the divs, but I'm afraid it 'll start with a lot of zeros, and 'll end with a few 7's.

Let's just wait for gen3.

Why the denominator is 399,962 rather than 400,000?

When GLBSE went belly up, there were some unclaimed shares.  If you look at the last dividend payment, there were only 399,962 shares paid out.

[mikemikemike]

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

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.

Will do.

Cheers for this guys.

On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit.

Ha, what are you so shocked about?

Heh. Let me run the projections first.

Can someone please tell me the total amount of shares issued? Held privately and publicly.

Edit: 400,000 is correct?

The total number of shares is 399,962.

Reference:

I'd rather not want to predict the divs, but I'm afraid it 'll start with a lot of zeros, and 'll end with a few 7's.

Let's just wait for gen3.

Why the denominator is 399,962 rather than 400,000?

When GLBSE went belly up, there were some unclaimed shares.  If you look at the last dividend payment, there were only 399,962 shares paid out.

Perfect. Thanks for this.

Ok, cool. I've read the updates.

Last two questions.

Does anyone know how much capital is retained from profits for future reinvestment?

Are there any other revenue streams apart from self mining, franchise mining and chip sales?

[neilol-real]

do you think it could go above .5 once divs are here?

You should look into some theory around how dividend producing assets are typically priced. It depends on the amount and timing of the dividends 

I've placed my bet on yes namely due to the usually irrational swings in market cap with positive and negative news 

[Chris_Sabian]

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC my first selling orders are at 1,15BTC

Do you guys remember touching 4 BTC last summer?   good times!

...Yes.  Don't remind me.  That is when I bought (and during the rest of the year as well).