michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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June 05, 2014, 02:57:05 PM |
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A lot of weak hands will soon be using those same hands to facepalm today. Thanks, FC.
fuck my weak hands, fuck the fudders, fuck buying back at a loss... and fuck me 60PH?
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shawshankinmate37927
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June 05, 2014, 02:58:44 PM |
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So, ASICMINER will be buying 30k BTC to pay shareholders? Time to buy BTC not shares Would be nice if AM could sell a portion of the June batch for BTC instead of fiat. Unless, of course, AM is able to get a better exchange rate than AM customers can get.
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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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Ozziecoin
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June 05, 2014, 03:04:39 PM |
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...I have never personally met the man, yet I trust him more than anyone else I've met in bitcoin land or anywhere else...
Amen Brother! Let me hear you testify! I testify that I judge a man by his actions and not his words. And FC has given me no reason to doubt him.
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necro_nemesis
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June 05, 2014, 03:07:36 PM |
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This is the post we have all been patiently waiting for. Thanks FC and to all the board members who provide clarity.
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vortex1878
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June 05, 2014, 03:07:45 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
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shawshankinmate37927
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June 05, 2014, 03:12:03 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
We need the FUDsters to go crash the BTC price now.
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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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whalezy
Member
Offline
Activity: 103
Merit: 10
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June 05, 2014, 03:20:22 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Forget to ask FC will they change the chip price based on BTC price. It may sound silly, but I don't think the chip price is so flexible. That is a huge risk, because BTC price can be really crazy.
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neilol-real
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June 05, 2014, 03:23:04 PM |
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This is the best possible outcome - look back at the balance sheet guys. Your div predictions are too low above. 1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers. 12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.
There are no orders dedicated to cost in the short time. So it's 1:0.
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minerpumpkin
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June 05, 2014, 03:23:08 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Basically correct, but I believe we can't sell for $0.5/GH/s in the future. That batch will be sold within the next 1.5 months, so we'll achieve a price of about $0.35/GH/s. And we should brace for a price above $700. Also, FC's wording seems to suggest that we won't adjust the chip price that much but rather sell more chips. My calculation for those interested: https://bitcointalk.org/index.php?topic=99497.msg7148348#msg7148348
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I should have gotten into Bitcoin back in 1992...
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vortex1878
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June 05, 2014, 03:28:18 PM |
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fc "kind of" answered to the BTC/USD issue. Although I honestly don't really get what he means with that. (...) 2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5. (...)
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whalezy
Member
Offline
Activity: 103
Merit: 10
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June 05, 2014, 03:31:44 PM |
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fc "kind of" answered to the BTC/USD issue. Although I honestly don't really get what he means with that. (...) 2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5. (...) That means the market demand for Gen3, it depends on the BTC price. With a higher BTC price, we can expect a higher inventory turnover. For $700/BTC, it's 1-1.5.
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vortex1878
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June 05, 2014, 03:32:45 PM |
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fc "kind of" answered to the BTC/USD issue. Although I honestly don't really get what he means with that. (...) 2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5. (...) That means the market demand for Gen3, it depends on the BTC price. With a higher BTC price, we can expect a higher inventory turnover. For $700/BTC, it's 1-1.5. That makes sense. Thank you.
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bitcoiner49er
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June 05, 2014, 03:46:10 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Forget to ask FC will they change the chip price based on BTC price. It may sound silly, but I don't think the chip price is so flexible. That is a huge risk, because BTC price can be really crazy. Maybe we can suggest a BTC buy/sell program where "X" amount of BTC is bought or sold each day to average prices and maintain a BTC to USD ratio.
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Homo doctus is se semper divitias habet
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shawshankinmate37927
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June 05, 2014, 04:01:10 PM |
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Maybe we can suggest a BTC buy/sell program where "X" amount of BTC is bought or sold each day to average prices and maintain a BTC to USD ratio.
Controlling the USD/BTC exchange rate is far beyond AM's control. All they can do is raise or lower their own risk of exposure.
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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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whalezy
Member
Offline
Activity: 103
Merit: 10
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June 05, 2014, 04:02:46 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Forget to ask FC will they change the chip price based on BTC price. It may sound silly, but I don't think the chip price is so flexible. That is a huge risk, because BTC price can be really crazy. Maybe we can suggest a BTC buy/sell program where "X" amount of BTC is bought or sold each day to average prices and maintain a BTC to USD ratio. We should ask FC how he plans to deal with the BTC price risk, you cannot collect a huge amount of cash and throw it in the BTC market, it would be a tragedy for us.
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necro_nemesis
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June 05, 2014, 04:39:52 PM |
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We have the technology to convert fiat to BTC in the form of mining. We have the printing press. Maybe it's time to run it.
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atx.btc
Newbie
Offline
Activity: 24
Merit: 0
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June 05, 2014, 05:21:53 PM |
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fuck yes, I missed that picture! I also just wanna say to all of the haters in this thread - fucking told you so.
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kaerf
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June 05, 2014, 05:25:56 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Basically correct, but I believe we can't sell for $0.5/GH/s in the future. That batch will be sold within the next 1.5 months, so we'll achieve a price of about $0.35/GH/s. And we should brace for a price above $700. Also, FC's wording seems to suggest that we won't adjust the chip price that much but rather sell more chips. My calculation for those interested: https://bitcointalk.org/index.php?topic=99497.msg7148348#msg7148348I used to worry about the rising USD/BTC exchange rate, but it appears that AM has the production capacity to pump out chips. If the exchange rate goes up and AM doesn't change the price per chip, then sales volume should increase to offset volatility. ....because as USD/BTC goes up, each chip earns more USD (also need to account for difficulty increase).
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vortex1878
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June 05, 2014, 05:29:42 PM |
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Sales price will be adjusted if BTC rises.
So if we link the current price of 0,5$ to the current BTC price of 666$ we get a to-date sales price of 0.00075 BTC/G.
Using a factor of 0.9 for an average future price and retaining 1/3 for Gen4, I come to a gross-income per share of 0.06756757 BTC for the 60P.
Basically correct, but I believe we can't sell for $0.5/GH/s in the future. That batch will be sold within the next 1.5 months, so we'll achieve a price of about $0.35/GH/s. And we should brace for a price above $700. Also, FC's wording seems to suggest that we won't adjust the chip price that much but rather sell more chips. My calculation for those interested: https://bitcointalk.org/index.php?topic=99497.msg7148348#msg7148348I used to worry about the rising USD/BTC exchange rate, but it appears that AM has the production capacity to pump out chips. If the exchange rate goes up and AM doesn't change the price per chip, then sales volume should increase to offset volatility. ....because as USD/BTC goes up, each chip earns more USD (also need to account for difficulty increase). Ideally BTC/USD should rise equivalently to the difficulty. In that scenario a stable $ sales-price would make sense.
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