ASICMINER: Entering the Future of ASIC Mining by Inventing It

[hdbuck]

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.

[Franktank]

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.

[minerpumpkin]

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.

[spartan82]

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.

[hdbuck]

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

[hlynur]

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)

[KarmaShark]

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.

[necro_nemesis]

Again thanks for the input Jutarul.

[hlynur]

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.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.

[hlynur]

...
0.09 is just ridiculous.
iirc ipo was 0,15, besides lack of info anything below 0.2 still feels like a bargain.

IPO was 0.1 which was fairly close to $1 at the time. Have a look at the dip on SF1 too, happened at the same time and went down by about 90%

interesting, my gambling syndrome suddenly awakens...
are these extensions of the current bullrun or what's going on?
btc investments always seemed like a logical hedge during bear phases, though the neobee disaster deterred me to dive further into that area. 

[User705]

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.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.

How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

[jimmothy]

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.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.

How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

AM just did 10% of that in sales in a single month.

[AcoinL.L.C]

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.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.

How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

AM just did 10% of that in sales in a single month.

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

[jimmothy]

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

[hlynur]

0.09 is just ridiculous.
iirc ipo was 0.15 0.1btc, besides lack of info anything below 0.2 still feels like a bargain.

How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

0.2btc -> 52 mio $ (@650$/btc) company value...huh on second thought, ok let's say 0.15.
depends from what side you look at it.
besides the current lack of info the cat is literally sitting at the source of the cheapest chips in the whole industry in combo with concepts for mining containers (first full feature makrogame approach i've seen so far in btcland)
if the schedule for the datacenter rollout is on track this could spit out some nice divs in combo with the profits of chipsales . (...perhaps 30-50% return this year depending on gen4?)
i still miss signs for more agressive expansion of their mining operation though.

atm i'm just hanging in there waiting for updates, please read speculation thread for my perspective.
no intention to awaken the sockpuppets in here.

[hlynur]

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

+1

in the meantime it should seep through that fc invested all profits in next batch, which makes sense.
question is if deployment of excess chips for mining operation will make any difference in the end after the network explodes.  
so far selling chips is still more profitable than mining with them, right?

[hdbuck]

*snip
so far selling chips is still more profitable than mining with them, right?

hard to say, guess profit trends would cross due to capacity matters.

[hlynur]

*snip
so far selling chips is still more profitable than mining with them, right?

hard to say, guess profit trends would cross due to capacity matters.

yea, good thought. transition from sales phase to mining & development could get bumpy considering the recent 30% rise during the last two weeks and what's about to come. (or at least everybody's hoping for it )
whole situation is really hard to estimate and boggles my mind to the point where my gut tells me nothing's wrong with good ol' holding and some small trading by the side.

[spartan82]

Bit too late for this but in regards to solo mining wouldn't it be a good idea to see some sort of stats page showing hashrate, blocks found etc instead of checking the address for new deposits every so often? Just a thought.

[hlynur]

Bit too late for this but in regards to solo mining wouldn't it be a good idea to see some sort of stats page showing hashrate, blocks found etc instead of checking the address for new deposits every so often? Just a thought.

when i last checked it was http://erpao.info/
no clue if we have a new one...anyone?

edit:
http://www.asicminercharts.com/
(either i'm too drunk or that page looks out of date)

edit II :

Live hashrate meter has been removed because of unknown hashrate. The meter will be added again when Gen3 starts hashing.