ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[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.

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.

this 30% surge could also be considered an incentive for mining rigs manufacturers to stack up massively on chips for the upcoming demand.
regarding your guts, mine are exactly the same. hodling BTC and AM exclusively. ready to ride that summer

[hlynur]

this 30% surge could also be considered an incentive for mining rigs manufacturers to stack up massively on chips for the upcoming demand. imagine if, in the end, AM chips doubled the current network's hashrate. ^^
regarding your guts, mine are exactly the same. hodling BTC and AM exclusively. ready to ride that summer

could be...rally was obviously triggered by the usual suspects in china (huobi and co).

lol...AM doubling the hashrate, have hoped for this insanity for a whole year.

reminds me of something i posted during desperate times :

october...still some months to go   

[freedomno1]

Long time no see Friedcats Golden Ticket
Prepares to enter those mining gates for october 

[RoadStress]

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?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.

[Ozziecoin]

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?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.

Didn't really want to hear that. But if that's the case, FC should explain.

[aahzmundus]

Distributes have to manage distribution... and support.  I imagine after dealing with support a few times friedcat quickly decided to cut it out and that it was worth forwarding those profits to cut off that management overhead.

[Ozziecoin]

Distributes have to manage distribution... and support.  I imagine after dealing with support a few times friedcat quickly decided to cut it out and that it was worth forwarding those profits to cut off that management overhead.

I think FC can supply chips on "as is" basis. Moreover, he is selling chips not functioning miners.