ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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).

[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!

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

oh sh*t   if thats not too much asking, what's your target price then?

[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).

oh sh*t   if thats not too much asking, what's your target price then?

I averaged down during the last 9 months or so.  I will be happy with anything over 1 btc / share

[shawshankinmate37927]

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?

I don't believe any profits from Gen3 chip sales are going to be retained, thus the "aggressive" dividends.  I think friedcat has enough in reserves to cover Gen4 R&D.

Nope.  Those are the only revenue streams that I'm aware of.

[vortex1878]

Amazing how the price manipulation works on havelock.

Even more amazing how stupid people are (assuming it is not the manipulator(s) selling to themselves):

1. because of the slippage on these low volumes.
2. because the shareprice will inevitably rise very soon (as soon as friedcat farts or eventually pays the next dividend).

So I guess there will be quite a few facepalms.

[neilol-real]

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?

I don't believe any profits from Gen3 chip sales are going to be retained, thus the "aggressive" dividends.  I think friedcat has enough in reserves to cover Gen4 R&D.

Nope.  Those are the only revenue streams that I'm aware of.

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.

[bitcoiner49er]

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).

Why? BTC was $80-100 back then. It's now 4.5x's that. Considering low to no divs and the big lull at ASICminer, I think the stock prices are fair compared to USD.

[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!

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

Why? BTC was $80-100 back then. It's now 4.5x's that. Considering low to no divs and the big lull at ASICminer, I think the stock prices are fair compared to USD.

Yeah but it's priced in BTC, the US$ doesn't matter in this case. Please let's not start another US$ discussion.

[ryepdx]

Yeah but it's priced in BTC, the US$ doesn't matter in this case. Please let's not start another US$ discussion.

But it's silly to assume that share value is completely isolated from the price of bitcoin. Share price *does* fluctuate with the price of bitcoin. Why do you imagine it would be otherwise? People trade BTC and fiat too, and to do that some of them have to sell Havelock shares. And the very fact that this has come up demonstrates that it at least affects trader psychology.

[minerpumpkin]

Yeah but it's priced in BTC, the US$ doesn't matter in this case. Please let's not start another US$ discussion.

But it's silly to assume that share value is completely isolated from the price of bitcoin. Share price *does* fluctuate with the price of bitcoin. Why do you imagine it would be otherwise? People trade BTC and fiat too, and to do that some of them have to sell Havelock shares. And the very fact that this has come up demonstrates that it at least affects trader psychology.

Yes, of course it isn't completely isolated, especially when huge fluctuations occur.
***Chris_sabian, please don't read any further***
But it doesn't make sense to claim "but hey, it's still worth a lot more valued in US$" Because if you got off at 4 BTC and just held the BTC, you'd have 8 times of what you have now.

Let's not talk this through again, I believe these discussions are one of the most re-occurring things around here (trading, mining, securities)...

[ryepdx]

Got it. Sounds like a close cousin of the miner's fallacy, except I can actually see how some people in this particular space might be focused on fiat returns rather than BTC returns, which is at least a valid option here. Unlike with miners, where you *are* essentially just buying expensive, noisy Bitcoin options.

[Jonnybitc0in]

I made a graph of asicminer stock in USD prices. I'm mystified at the affect USD/BTC price has on asicminer stock. Certainly cheap shares at the moment.
Charts based on historical data from btct, havelock and bitcoinwisdom. Time not to scale, data is approximate. Related chart and raw data @ http://imgur.com/a/EW74v#0
https://i.imgur.com/pPfLFZ3.png

Edit:
Here's a google doc by request for the asicminer/USD chart. If anyone has past data going back to IPO feel free to add. Hoping for blast off!
https://docs.google.com/spreadsheets/d/1BlP2pp0wPAgcM2o_gp-cbtzEb1Na6hdquWP-n6VddDs/edit?usp=sharing
bitcoin tips appreciated: 1D6boCrAYKGKMgBFqgkJfxrzFm625icFUJ