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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916324 times)
bbxx
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May 30, 2014, 11:44:14 AM
 #19881

"subject to change" means he is not going to guarantee what his magic crystal ball told him.

If you are not comfortable taking risks you should not be an investor.

crystal ball is not needed to estimate date of future financial report

i agree if you predict mining diffilcuty or btc price but not time of relasing some information
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May 30, 2014, 12:15:57 PM
 #19882

Guys/Gals, these things have been said over and over, I think by now you should know that FC will post when he feels like it.

You should also know that the only thing that binds the shareholders and FC is trust. This is a totally unregulated venture (and possibly illegal in some countries) so don't treat it as if you had bought US Treasury Bonds on the NYSE.

If the risk and lack of information is too much for you, Get Out Now.

(whining won't help and is just very annoying. thank you)
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May 30, 2014, 12:32:27 PM
 #19883

Although AM does not take preorders, in the business world often the inverse is true. In other words, there is a strong possibility that AM sold chips without immediate payment, net due in 30, 60, or 90 days. This is quite common. It is possible that AM has a very large number in their accounts receivable ledger and is awaiting payment from vendors before distribution to shareholders.

Sometimes Occam's razor will give you a better shave.
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May 30, 2014, 12:34:18 PM
 #19884

You should also know that the only thing that binds the shareholders and FC is trust. This is a totally unregulated venture (and possibly illegal in some countries) so don't treat it as if you had bought US Treasury Bonds on the NYSE.

Actually I think I trust Friedcat better than these guys. He got a better track record.

Will take me a while to climb up again, But where is a will, there is a way...
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May 30, 2014, 12:37:38 PM
 #19885


EDIT: I'm loving the BRK comparison and think that would be a perfect model for FC and AM. Just give us a no-frills website, an annual letter to shareholders, and quarterly reports, and watch as the goodwill and power come rolling in.


This is an excellent idea. Regular financial reports pushed onto some basic website would do wonders for decluttering this thread, and would also help provide some stability and fairer price discovery. Friedcat would be free to update more often without worrying about shifting the price one way or another, and it would go a long way towards legitimizing this firm in the eyes of traditional investors.

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May 30, 2014, 12:56:35 PM
 #19886

Regardless of people saying be patient for returns, transparency issues will continue to cause share prices to suffer. People are simply far less willing to speculate on the future when the future lacks clarity resulting from a profound absense of information which can be readily addressed.
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May 30, 2014, 01:46:59 PM
 #19887

Another member of the AM ecosystem: http://www.bitell.com/t/2168

A New Bitcoin ASIC Manufacturer XBTec Announced 2TH/s Miner Pacific 2000 Using AM Chips

more here: https://bitcointalk.org/index.php?topic=626694.msg6967946#msg6967946
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May 30, 2014, 01:49:26 PM
 #19888


EDIT: I'm loving the BRK comparison and think that would be a perfect model for FC and AM. Just give us a no-frills website, an annual letter to shareholders, and quarterly reports, and watch as the goodwill and power come rolling in.


This is an excellent idea. Regular financial reports pushed onto some basic website would do wonders for decluttering this thread, and would also help provide some stability and fairer price discovery. Friedcat would be free to update more often without worrying about shifting the price one way or another, and it would go a long way towards legitimizing this firm in the eyes of traditional investors.



I really don't think FC cares about how the share price moves when he makes posts and releases the financial reports.

I do like the idea of a website he could update but it would probably work out better if a boardmember / people in this thread worked together to make the website and then we requested that FC post his updates there and in btctalk so that its easily visible. We could even add an rss feed to the website so you would get updates.

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May 30, 2014, 01:53:40 PM
 #19889

Another member of the AM ecosystem: http://www.bitell.com/t/2168

A New Bitcoin ASIC Manufacturer XBTec Announced 2TH/s Miner Pacific 2000 Using AM Chips

more here: https://bitcointalk.org/index.php?topic=626694.msg6967946#msg6967946


Thank you for sharing this valuable information.
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May 30, 2014, 03:08:39 PM
 #19890

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.  Smiley

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ASICMINERTUBE
         The Best $/Gh Bitcoin Miner So Far              Discover now!
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May 30, 2014, 03:45:41 PM
 #19891

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.  Smiley

Yes we have.

where are dividends?
where is financial report?
where are money from chips sales?
where is mining income?
why you have not responded marto about chips?
why immersion cooling facility is not working?

why you are ignoring investors?

... Question Everything, Believe Nothing ...
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May 30, 2014, 03:48:47 PM
 #19892

As I know, bitell.com will make an interview with Friedcat, do you guys have the questions ? we'd better gather the questions, and I wil forward the questions to bitell.com.  Smiley

Yes we have.

where are dividends?
where is financial report?
where are money from chips sales?
where is mining income?
why you have not responded marto about chips?
why immersion cooling facility is not working?

why you are ignoring investors?

Also, what is the timeline for generation 4?
friedcat (OP)
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May 30, 2014, 03:49:00 PM
 #19893

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

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May 30, 2014, 03:51:19 PM
 #19894

here we go!
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May 30, 2014, 03:54:07 PM
 #19895

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.


CHING CHINGGGGGGGGG!  (I simply could not resist).
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May 30, 2014, 03:55:06 PM
 #19896

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?
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May 30, 2014, 04:00:54 PM
 #19897

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?

Looking at the balance sheet, I wouldn't expect dividends any time soon: the company assets are in inventory/materials, not in cash.

However, it means that AM has planned a whop-ass expansion!
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May 30, 2014, 04:01:34 PM
 #19898

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

I guess you would have mentioned it if you knew... but, any estimate on when the next dividend payments would be?

unless i'm misunderstanding, probably not until we become cashflow positive.

Quote
Net Income         ฿-3,238.42   $90,526.90   ¥-2,157,635.91
Net Income per Share   ฿-0.0081   $0.23      ¥-5.39
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May 30, 2014, 04:04:35 PM
 #19899

Anyone knows what the Exchange position in cashflow sheet is?

Edit:

OK, I just noticed the 4K BTC Exchange in Expenses seems to be the 2M USD in Income.
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May 30, 2014, 04:06:58 PM
 #19900

Update

Financials
Balance sheet in May 27, 2014:
https://docs.google.com/spreadsheets/d/12wJMe3A6Ie8ris86m2OJ_1vucurdcVtM3fDkNCjKIRI/edit?usp=sharing

Cash flow from Feb 28, 2014 to May 27, 2014:
https://docs.google.com/spreadsheets/d/1phCAhMR-9_AaRXKICfN_M7gw4rI1hsOtRD_6PElmLOM/edit?usp=sharing

Comments about Recent News & Concerns
Policy: The bank deposits and third-party payment systems for Bitcoin exchanges in China are all closed. Workarounds exist (like buying physical cards with deposit code) but the real trading volume is severely affected.

Conversion: We have OTC conversion channels to trade USD for Bitcoins in Hong Kong.

Thanks FC!
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