ujka
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June 14, 2014, 11:11:57 AM |
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Funniest part of that was the clause that $200k deposit is non refundable upon a late bid.
I don't understand, can you clarify please? Not upon a late bid, but this: Failure to provide the USMS with a copy of the wire transmittal receipt by the deadline will result in disqualification, forfeiture of the deposit, and award to another bidder.
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Swordsoffreedom
Legendary
Online
Activity: 2898
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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June 14, 2014, 11:13:19 AM |
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With the recent 51 % news, ASICMiner is the only company right now that can save bitcoin.
The markets are going to need to find a way to fix this issue and I agree if Asicminer hashrate was online and not using Ghash it would be good for the security of the network. Going to throw in some speculation, think their will be a branching out or fork of the protocol if the 50% concern stays around long enough.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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minerpumpkin
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June 14, 2014, 11:21:43 AM |
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It's been a real meltdown on Havelock
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I should have gotten into Bitcoin back in 1992...
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minerpumpkin
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June 14, 2014, 11:22:14 AM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again?
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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 14, 2014, 12:09:02 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? divs wont come out before all 3 batch are produced and sold. @lastupdate 2 weeks ago, FC was beginning to sell batch2 (60PH). cant say wether he launched 3rd batch or how far did he sold batch 2. remember he said they had some delays in selling chips because of clients not having sufficient ressources and was waiting to see how it would be all sort out before considering launching batch 3. some update about this would be appreciated although i doubt it because it only has been 2 weeks since the last one.. maybe in a month or so we will have some bone to chew on.
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KarmaShark
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June 14, 2014, 12:17:20 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? divs wont come out before all 3 batch are produced and sold. @lastupdate 2 weeks ago, FC was beginning to sell batch2 (60PH). cant say wether he launched 3rd batch or how far did he sold batch 2. remember he said they had some delays in selling chips because of clients not having sufficient ressources and was waiting to see how it would be all sort out before considering launching batch 3. some update about this would be appreciated although i doubt it because it only has been 2 weeks since the last one.. maybe in a month or so we will have some bone to chew on. If I remember correctly, FC was asked how long he anticipates the current batch (#2) to be sold out entirely. One month to 1.5 months was quoted, so if that holds true we shouldn't be seeing batch #3 hit the market for sale until at least start of July. Assuming another 30-45 days for batch #3 to sell and I believe we have early to middle of August before we have income to distribute. Is anyone else reading the tea leaves differently?
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necro_nemesis
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June 14, 2014, 12:43:47 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? divs wont come out before all 3 batch are produced and sold. @lastupdate 2 weeks ago, FC was beginning to sell batch2 (60PH). cant say wether he launched 3rd batch or how far did he sold batch 2. remember he said they had some delays in selling chips because of clients not having sufficient ressources and was waiting to see how it would be all sort out before considering launching batch 3. some update about this would be appreciated although i doubt it because it only has been 2 weeks since the last one.. maybe in a month or so we will have some bone to chew on. If I remember correctly, FC was asked how long he anticipates the current batch (#2) to be sold out entirely. One month to 1.5 months was quoted, so if that holds true we shouldn't be seeing batch #3 hit the market for sale until at least start of July. Assuming another 30-45 days for batch #3 to sell and I believe we have early to middle of August before we have income to distribute. Is anyone else reading the tea leaves differently? It's getting a little challenging to watch significant movements happening on the periphery while there's no cash flow joy for the core of the business which gives shareholders the impression it's taking a royal dump. Better clarity on how this path is going to benefit the business would be in order. It's one thing to work in your business but more importantly is the focus on your business.
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minerpumpkin
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June 14, 2014, 01:24:06 PM |
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Okay, so we need some clarification on when the revenue will be distributed. I propose the following statement and questions: Friedcat, there are still some uncertainties remaining after your last statement. Please understand that we - the shareholders - don't mean to appear greedy, but are merely uneasy given the unforeseeable challenges with gen 3 (increased power consumption, difficulties in May, no anticipated dividends by the end of May) and almost 3 months with no dividends. We also understand that the business and competition has tensed up dramatically and a return of 600% of the IPO price as with gen 1 simply won't be possible anymore. We'd also like to express our appreciation for the increase in communication concerning the Open Source Block Erupter Project.
- What were the unexpected things happening in May that toppled the projected dividends for May? - Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital? - How many PH/s of gen 3 have already been shipped by now? - Has the "60 PH/s batch" progressed any further? When is it supposed to be completely done? How much has already been sold? - There are still many uncertainties of when the dividends are supposed to begin again: Is this going to happen during the selling of the "60 PH/s batch"? During the selling, but at the end /begin of the respective month? After the whole batch has been sold? After following batches (financed by that that 60 PH/s batch!?) have been sold completely? - Could you please provide an estimate on when the first dividend can be expected now - This month? July? Later? - Could you give us a very rough estimate on when gen 4 can be expected. e.g. is tape-out still expected this year? Q1/2/3/4 next year?
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I should have gotten into Bitcoin back in 1992...
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rudi
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June 14, 2014, 01:47:16 PM |
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Okay, so we need some clarification on when the revenue will be distributed. I propose the following statement and questions: Friedcat, there are still some uncertainties remaining after your last statement. Please understand that we - the shareholders - don't mean to appear greedy, but are merely uneasy given the unforeseeable challenges with gen 3 (increased power consumption, difficulties in May, no anticipated dividends by the end of May) and almost 3 months with no dividends. We also understand that the business and competition has tensed up dramatically and a return of 600% of the IPO price as with gen 1 simply won't be possible anymore. We'd also like to express our appreciation for the increase in communication concerning the Open Source Block Erupter Project.
- What were the unexpected things happening in May that toppled the projected dividends for May? - Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital? - How many PH/s of gen 3 have already been shipped by now? - Has the "60 PH/s batch" progressed any further? When is it supposed to be completely done? How much has already been sold? - There are still many uncertainties of when the dividends are supposed to begin again: Is this going to happen during the selling of the "60 PH/s batch"? During the selling, but at the end /begin of the respective month? After the whole batch has been sold? After following batches (financed by that that 60 PH/s batch!?) have been sold completely? - Could you please provide an estimate on when the first dividend can be expected now - This month? July? Later? - Could you give us a very rough estimate on when gen 4 can be expected. e.g. is tape-out still expected this year? Q1/2/3/4 next year? I would also ask what the exact status of self-mining and franchising is.
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bitcoin.newsfeed
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June 14, 2014, 02:05:02 PM |
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Its just very early for next round of questions, and when I see proposed questions, its all about dividends.
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... Question Everything, Believe Nothing ...
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shawshankinmate37927
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June 14, 2014, 02:06:08 PM |
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If I remember correctly, FC was asked how long he anticipates the current batch (#2) to be sold out entirely. One month to 1.5 months was quoted, so if that holds true we shouldn't be seeing batch #3 hit the market for sale until at least start of July. Assuming another 30-45 days for batch #3 to sell and I believe we have early to middle of August before we have income to distribute.
Is anyone else reading the tea leaves differently?
I was under the impression that the June batch of approximately 60 PH was the third batch. According to Jutarul's update from April 21st: 1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that? re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.
It appears that 67 PH was projected as the June order size at that time, with 109 PH in total production projected for the three month period. I don't recall seeing any announcements regarding a change to this schedule or a fourth batch being planned.
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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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minerpumpkin
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June 14, 2014, 02:23:45 PM |
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Its just very early for next round of questions, and when I see proposed questions, its all about dividends.
Yes, because that's what currently fuels all the fear around here. We don't know when we can expect something again. It's pages upon pages of speculation when, how much, and what percentage will be paid out as dividends. This is, after all, the reason everyone invests. This is why I wrote in the introduction that we don't mean to appear greedy, but there's been so many things going wrong that we need to know what to expect. As shawshankinmate correctly points out: There's no batch planned, except for the tentative June batch, that "may be cancelled or postponed". We don't even know how many PH/s that batch is supposed to be.
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I should have gotten into Bitcoin back in 1992...
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shawshankinmate37927
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June 14, 2014, 02:41:30 PM |
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As shawshankinmate correctly points out: There's no batch planned, except for the tentative June batch, that "may be cancelled or postponed". We don't even know how many PH/s that batch is supposed to be.
Sorry if I'm contributing to the confusion, but I don't believe the June batch is tentative. I believe the 60 PH of chips that are/were in "their final stages of production" is the June batch and I believe that is also the third batch. 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. 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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"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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minerpumpkin
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June 14, 2014, 02:56:54 PM |
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As shawshankinmate correctly points out: There's no batch planned, except for the tentative June batch, that "may be cancelled or postponed". We don't even know how many PH/s that batch is supposed to be.
Sorry if I'm contributing to the confusion, but I don't believe the June batch is tentative. I believe the 60 PH of chips that are/were in "their final stages of production" is the June batch and I believe that is also the third batch. 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. 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 batch surely exists and the first chips may even be finished by now. But friedcat was also talking about another batch: There still are forecast plans for June we haven't paid for. They may be cancelled or delayed to later months according to how fast customers can turn Bitcoin chips to hashing power.
And that, in fact, is somewhat of a mystery batch. Is it the 'original' June batch? Just another further batch? Was the 60 PH/s batch after all a spontaneous one? - There are speculations that FC may have opted to buy free fabrication time with the revenue that was thought to be paid out as the May 27th dividends. Also: FC originally planned to pay dividends by May 27. I'm surprised that now everyone thinks we won't see dividends after all batches are though (August, September?).
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I should have gotten into Bitcoin back in 1992...
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dmcdad
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June 14, 2014, 04:03:08 PM |
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Also: FC originally planned to pay dividends by May 27. I'm surprised that now everyone thinks we won't see dividends after all batches are though (August, September?). The sentiment pendulum swings wide and far on this forum. I suspect we'll see dividends within a month.
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arousedrhino
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June 14, 2014, 04:10:55 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? It hasn't even been a month yet. If you expect an update from FC every 2 weeks then I hate to break it to you but this is not the investment for you. FC speaks when he has news and if he doesn't know the exact date he doesn't set a deadline that he cannot meet. Give the man at least 30 days from that statement to ask for an update, even that I think should not be expected given the way FC communicates.
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ace345
Newbie
Offline
Activity: 6
Merit: 0
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June 14, 2014, 04:11:11 PM |
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Has anybody been able to transfer their direct shares to Havelock yet?
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minerpumpkin
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June 14, 2014, 04:14:21 PM |
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I don't know if a lot has changed since then. But is it question-time again?
It hasn't even been a month yet. If you expect an update from FC every 2 weeks then I hate to break it to you but this is not the investment for you. FC speaks when he has news and if he doesn't know the exact date he doesn't set a deadline that he cannot meet. Give the man at least 30 days from that statement to ask for an update, even that I think should not be expected given the way FC communicates. Well, I was just trying to be helpful, since the interpretations of FC's dividend mentality seem to run very wild. After his answers on April 21st, everyone asked me to submit followup questions within 3 days.
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I should have gotten into Bitcoin back in 1992...
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necro_nemesis
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June 14, 2014, 04:27:51 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? It hasn't even been a month yet. If you expect an update from FC every 2 weeks then I hate to break it to you but this is not the investment for you. FC speaks when he has news and if he doesn't know the exact date he doesn't set a deadline that he cannot meet. Give the man at least 30 days from that statement to ask for an update, even that I think should not be expected given the way FC communicates. On this particular question there wasn't clarity. It was left as conditional with a decision point. The question was "when" not what conditions must exist.
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arousedrhino
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June 14, 2014, 06:13:57 PM |
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Brief Answers to Shareholder Questions4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month. Any updates into where these dates now stand? I don't know if a lot has changed since then. But is it question-time again? It hasn't even been a month yet. If you expect an update from FC every 2 weeks then I hate to break it to you but this is not the investment for you. FC speaks when he has news and if he doesn't know the exact date he doesn't set a deadline that he cannot meet. Give the man at least 30 days from that statement to ask for an update, even that I think should not be expected given the way FC communicates. On this particular question there wasn't clarity. It was left as conditional with a decision point. The question was "when" not what conditions must exist. He purposefully did not provide clarity on the question since he doesn't have a firm date. If he set a date and missed it you would all bitch then as well, you really cannot win on this forum. No matter what you do someone will bitch and not be happy with it. When FC knows he will announce it, thats how he has worked in the past I don't know why that would change now.
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