Mabsark
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Activity: 826
Merit: 1004
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June 02, 2014, 05:18:53 PM |
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Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons. - What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
Simply because that's the price that was told us. - How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?
Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be. |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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KarmaShark
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June 02, 2014, 05:27:02 PM |
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Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
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NotLambchop
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June 02, 2014, 05:43:23 PM |
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...
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail ...
But trust the bagholders who are totally honest and impartial, because they are motivated by Truth and a desire help you through these troubling times  |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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June 02, 2014, 05:45:32 PM |
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Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons. - What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
Simply because that's the price that was told us. - How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?
Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be. i would assume chips sales only represent april's batch (samples, testing, "small" quantity, RBox, etc..) whilst the products in inventory would refer to may's batch (at production cost). june's batch is still on the go and may require further funding. apart from this, i found it now useless to speculate about production costs and selling costs since they may varies alot considering order quantities. wait and see. but i'm confident FC and the boardmembers are doing their best to take this company to the next level. edit: and again, since ASIC manufacturers are already advertizing for 0,5-5 PH immersion cooled mining rigs, it seems AM will have a lot of chips to sell in the end... much profit. just not yet. |
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KarmaShark
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June 02, 2014, 06:01:19 PM |
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Hang in there folks, all you have to do is.....  |
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bitsalame
Donator
Hero Member
Offline
Activity: 714
Merit: 510
Preaching the gospel of Satoshi
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June 02, 2014, 06:51:14 PM |
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I think the biggest rival is Bitfury, in terms of the scales of their operation.
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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June 02, 2014, 07:05:03 PM |
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So what's the deal with these DataTank + shipping container things. Seeing pictures but not a lot of other information. |
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minerpumpkin
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June 02, 2014, 08:04:00 PM |
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Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons. - What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
Simply because that's the price that was told us. - How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?
Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be. It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business. Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s. No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember? |
I should have gotten into Bitcoin back in 1992...
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minerpumpkin
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June 02, 2014, 08:08:36 PM |
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Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here. |
I should have gotten into Bitcoin back in 1992...
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vortex1878
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June 02, 2014, 08:11:02 PM |
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Okay, please explain the following issue at hand: The April (not May as I erroneously stated) batch had 8.5 PH/s. Why do we only have $3,691,731 in chip sales? This would translate (as mentioned earlier) to a price of $0.43/GH/s for May. We should have yielded more revenue.
Actually, assuming a value of 500 USD/BTC and the current price of RMB/USD, there was about 4.41 million USD in chip sales. Why is there only that much? Perhaps payment hadn't been received for all the chips sold? Perhaps AM didn't sell all the chips? There's numerous reasons. - What makes you think we achieved a price of $0.50-$1.00/GH/s (we all know this used to be the target)
Simply because that's the price that was told us. - How can we achieve a price exceeding $0.40 for June+ batches, when the market price (although preorder) is supposedly at $0.35 and we probably haven't even achieved that price for the earliest (April) batch?
Is there any evidence for that price though? I haven't seen it, have you? Friedcat did say the price would be lower for the later batches but he didn't say what price they would be. It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business. Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s. No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember? You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other? |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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June 02, 2014, 08:16:09 PM |
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Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here. at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations.. |
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minerpumpkin
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June 02, 2014, 08:16:40 PM |
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It's noteworthy though that April's payments haven't fully come in by now. I believe it is important to secure payments as fast as possible in such a risky business.
Thing is: The projected price originates in January, and we've seen significant delays, a significant increase in consumption, and strong competition. Also, even though we're in a bull market again, the BTC price is still slightly lower than in January, so the incentive to mine hasn't increased. Furthermore there's no indication whatsoever, that the anticipated target prices have been met. There are indicators, though, we're at a price of approximately $0.4/GH/s.
No proof, sure. But all indicators do point in that direction. I used to be pretty AM bullish, remember?
You are being contradictory. How can you one the one hand say that "April's payments haven't fully come in by now" and on the other hand claim that "there's no indication whatsoever, that the anticipated target prices have been met"? So how do you know one or the other? I mean, it'd be strange if they haven't come in by now, i.e. something else that is troubling. Sorry if this didn't come though. It is totally true that we don't know anything for sure, but the only things we do know (financial statement), suggests that the price hasn't been met. The aforementioned reasons only add to the probability of the prices not being met (even the April batch). |
I should have gotten into Bitcoin back in 1992...
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minerpumpkin
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June 02, 2014, 08:17:40 PM |
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Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here. at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations.. They may be way off, to the positive or the negative alike. |
I should have gotten into Bitcoin back in 1992...
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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June 02, 2014, 08:22:01 PM
Last edit: June 02, 2014, 08:34:23 PM by hdbuck |
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Until FC comes here and tells us or answers these vital questions from the shareholders inquiry going out, we will speculate for pages upon pages with no traction. Meanwhile, trolls will show up and attempt to pray on the nerves of investors while they can. As soon as FC shows the numbers and they are not a total train wreck, the share price will sky rocket from it's current position.
You're going to have to wait this out until answers come AND ignore the individuals who have a material benefit from seeing this company fail or the share price fall in the short term. Until we have solid numbers, get use to this.
Very true, but please allow valid approaches given the financial reports we've been given. I don't wanna sound all boasty, but I believe at least I did enough constructive work trying to get information from FC, to be granted the rights to make some conjectures here. at this point even those reports could look way different. especially the balance sheet since there is just no competitive incentive nor legal obligation to reveal all of the informations.. They may be way off, to the positive or the negative alike. There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold. edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job. |
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Franktank
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June 02, 2014, 08:39:23 PM
Last edit: June 03, 2014, 12:44:53 AM by Franktank |
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So what's the deal with these DataTank + shipping container things. Seeing pictures but not a lot of other information.
All that is known is Allied Control is working with AM on immersion cooled mining, which appears to be aimed towards potential franchisees. Those links are from the publicly accessible Drive that was made public a few months back. Every so often, it is updated with new information and there just happened to be updated info when I checked it. Other than that, there was nothing else I could find from my research. |
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minerpumpkin
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June 02, 2014, 08:45:53 PM |
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There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold.
edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job.
We can only know what FC releases (if we agree to believe him), everything else is speculation or conjecture. If you say all the statements may be different, they could be in both ways (positive/negative) - we don't know. The chips are working, yes, there are customers, friedcat has a great track reckord. Apart from that - please base your projections on the only official current data we have: the financial report. There may still be income for April trickling in, or more products coming from the May batch: Yes, possible. But there's nothing that indicates that. Possible, yes - but no concrete reason to expect that. Please apply Occam's Razor. |
I should have gotten into Bitcoin back in 1992...
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spartan82
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June 02, 2014, 09:24:57 PM |
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I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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June 02, 2014, 10:31:26 PM
Last edit: June 02, 2014, 10:59:05 PM by hdbuck |
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There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold.
edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job.
We can only know what FC releases (if we agree to believe him), everything else is speculation or conjecture. If you say all the statements may be different, they could be in both ways (positive/negative) - we don't know. The chips are working, yes, there are customers, friedcat has a great track reckord. Apart from that - please base your projections on the only official current data we have: the financial report. There may still be income for April trickling in, or more products coming from the May batch: Yes, possible. But there's nothing that indicates that. Possible, yes - but no concrete reason to expect that. Please apply Occam's Razor. we are obviously in a blur here not because of FC's mismanagement but rather to keep a competitive edge by not revealing everything. at least thats what jutarul said. edit: this XBTec company is getting more and more interesting.. collaborating with russian, reviewed by peer and estimated competitive prices (plus those enormous ICed mining rigs).. i really wonder how many chips they ordered from AM |
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hlynur
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June 03, 2014, 12:23:58 AM |
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I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.
Whaa?? .09? when did that happen? Goat said he caught .13, but the lowest I saw was .17, And I was quite pleased with that, at the time  havelock chart says low of 0.11 on friday ( https://www.havelockinvestments.com/fund.php?symbol=AM1) |
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KarmaShark
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June 03, 2014, 12:32:12 AM |
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I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.
Whaa?? .09? when did that happen? Goat said he caught .13, but the lowest I saw was .17, And I was quite pleased with that, at the time havelock chart says low of 0.11 on friday ( https://www.havelockinvestments.com/fund.php?symbol=AM1) I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake. |
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