ASICMINER: Entering the Future of ASIC Mining by Inventing It

[necro_nemesis]

Brief Answers to Shareholder Questions

4) 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]

Brief Answers to Shareholder Questions

4) 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.

[vortex1878]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

That could even mean divs in the coming week.

I am a bit BTC skint myself atm but I chose to rather borrow money than selling any shares at these ridiculously low levels.
This is no advice. Everybody has to take decisions for himself.

I expect things to happen soon and quickly and big. So quickly that the weak hands won't have time to pull their sales orders on Havelock.

[hdbuck]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

[vortex1878]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

EDIT: No offense. But are you sure you know what determines a positive cashflow?

[hdbuck]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

yea.. production was indeed paid upfront by AM (i.e negative cashflows; no divs).
so what should AM do again to break even before having postive cashflows?

[freedomno1]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

yea.. production was indeed paid upfront by AM (i.e negative cashflows; no divs).
so what should AM do again to break even before having postive cashflows?

Well Friedcat beat Tesla to open source the chip development industry and increase the scale of development
So where mining is going and how decentralized hashrate and pools are addressed will make the next few months interesting.
https://bitcoinfoundation.org/2014/06/13/centralized-mining/
http://www.theguardian.com/environment/2014/jun/13/tesla-elon-musk-electric-cars-patent-technology

[vortex1878]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

yea.. production was indeed paid upfront by AM (i.e negative cashflows; no divs).
so what should AM do again to break even before having postive cashflows?

Break even ≠ positive cashflow.

As we both agree that all was mostly paid for, the cashflow should have turned positive pretty soon after the release of the statement - unless there were new expenses for e.g. further batches.

[hdbuck]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

yea.. production was indeed paid upfront by AM (i.e negative cashflows; no divs).
so what should AM do again to break even before having postive cashflows?

Break even ≠ positive cashflow.

thats why i said 'before'

As we both agree that all was mostly paid for, the cashflow should have turned positive pretty soon after the release of the statement - unless there were new expenses for e.g. further batches.

hm well i wouldnt know that. could also take another month to sell it all (or most part of it), hence having positive cashflows.
plus we still dunno if he will retain those generated incomes for further batches.
soo unless franchisees and solomining kicks in..

[vortex1878]

I am not in the mood to argue tonight but I cannot resist:

You will only break even after having positive cashflows.

Peace.

[vortex1878]

Divs will be paid out as soon as the cashflow is positive and fiat was exchanged to BTC. Not when batch x is sold or sth. I wonder why hdbuck came up with that idea...

well, for the cash flow to be positive, FC has to sell the 60 Ph inventory.

Nope. It was already (mostly) paid for at the time of the statement. In addition to that there are progressive payment terms with the customers.

yea.. production was indeed paid upfront by AM (i.e negative cashflows; no divs).
so what should AM do again to break even before having postive cashflows?

Break even ≠ positive cashflow.

thats why i said 'before'

As we both agree that all was mostly paid for, the cashflow should have turned positive pretty soon after the release of the statement - unless there were new expenses for e.g. further batches.

hm well i wouldnt know that. could also take another month to sell it all (or most part of it), hence having positive cashflows.
plus we still dunno if he will retain those generated incomes for further batches.
soo unless franchisees and solomining kicks in..

More cash comes in during defined period than flows out --> positive cashflow.

We also know that retention ratio for Gen4 will be 1/3. I doubt retention for future Gen3 batches would be significant thanks to progressive payment terms with the customers.

The cashflow of AM should already be positive.

[hdbuck]

The cashflow of AM should already be positive.

divs are based on profit. hence, breaking even the whole Gen3 phase

[vortex1878]

The cashflow of AM should already be positive.

divs are based on profit. hence, breaking even with this Gen3 phase.

Yes, a fancy graph you dug out there. What exactly are you trying to tell us?

[hdbuck]

The cashflow of AM should already be positive.

divs are based on profit. hence, breaking even with this Gen3 phase.

Yes, a fancy graph you dug out there. What exactly are you trying to tell us?

i dunno, im kinda lost in translation now.
anyway, i'd prefer divs wihtin the next 2 weeks but im also ready to wait another couple month.

[RoadStress]

i dunno, im kinda lost in translation now.
anyway, i'd prefer divs wihtin the next 2 weeks but im also ready to wait another couple month.

How many months are you ready to wait for your dividends?

[ThunderSheep]

i dunno, im kinda lost in translation now.
anyway, i'd prefer divs wihtin the next 2 weeks but im also ready to wait another couple month.

How many months are you ready to wait for your dividends?

couple [kuhp-uhl]
noun
two of the same sort considered together; pair.

[spartan82]

i dunno, im kinda lost in translation now.
anyway, i'd prefer divs wihtin the next 2 weeks but im also ready to wait another couple month.

How many months are you ready to wait for your dividends?

couple [kuhp-uhl]
noun
two of the same sort considered together; pair.

Lmaooo, sorry I just had to!
On a serious note though I highly doubt we will have to wait two months for divs, I'm sure. No source for that info, just pure speculation on my part.. So don't quote me on it

[hdbuck]

Yea two months would be quite conservative.
Still, id rather be a little pessimistic and have a good surprise than the other way around 

[minerpumpkin]

Yea two months would be quite conservative.
Still, id rather be a little pessimistic and have a good surprise than the other way around 

Healthy sentiment.
I'm a little puzzled though, that so many people switched from "dividends imminent" to "well, it'll take till fall/winter". I for one - given FC's statement - am not really inclined to "give him" a couple of months. He intended to pay the first dividends in May (said so himself) and now he said "ASAP". Technically it can take months, given his statement, but that'd be really misleading.

[hdbuck]

Yea two months would be quite conservative.
Still, id rather be a little pessimistic and have a good surprise than the other way around 

Healthy sentiment.
I'm a little puzzled though, that so many people switched from "dividends imminent" to "well, it'll take till fall/winter". I for one - given FC's statement - am not really inclined to "give him" a couple of months. He intended to pay the first dividends in May (said so himself) and now he said "ASAP". Technically it can take months, given his statement, but that'd be really misleading.

There was no such statement made by fc. It was jutaruls missinterpretation, i though we already cleared that matter. Am just need to make profit outta gen3. But these things take time when scaling up. There is many things to be done: self ops, finding the right/cheap places for own ops, deploying franchisees, managing open pcb design, planning new batches etc etc.. A whole new industry is rising and it would be foolish to rush in.
In FC i trust