ASICMINER: Entering the Future of ASIC Mining by Inventing It

[raskul]

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

[jimmothy]

And current dividends due will be paid out in full prior to this new crowdfunding plan?

What exactly is "dividends due"?

[RoadStress]

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold

[jimmothy]

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold

No, it means that if you expect X returns within Y amount of days, you should not be an investor.

[raskul]

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold crowdfunded

I have been forced to rectify the text in your post Roadstress. see above, old chap. 

[jimmothy]

I have been forced to rectify the text in your post Roadstress. see above, old chap. 

How much PH do you think this project is going to be asking to fund? Do you honestly think it is anywhere near 60?

[Mabsark]

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

Whether it works out or not, AM will still be paid for the chips that are used in this project. Do you think AM is just handing out free chips or something? Silly Spondoolie shill, what's it like being a cheap whore?

[Satan666]

Let's see how long will it take for those wafers to get sold crowdfunded

I have been forced to rectify the text in your post Roadstress. see above, old chap. 

We'll take dividends any way we can get them.  Also on the plus side, DataTank will be able to buy the chips with BTC instead of fiat.  

[arousedrhino]

...The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements....

1) When can we expect the financial report that's supposed to coincide with the next round of dividends?
re 1) May 27.

Regarding the often quoted "aggressive dividends":
Let me take the blame here, because these are not friedcats words. Also I think there is massive confusion about what "aggressive" actually means. Thus let me remove any ambiguity by posting the text from the respective communication:

First of all, we would like to explain the situation we had in this May. The sales of chips mainly happened before May, while the ramp-up speed of chip sales slowed down mainly because of the lack of flexible whole-device solutions (having features of easy transportation, widely available components, etc) from our customers (device producers). As dedicated projects on improving the design of BE200-based devices we believe we will see much better sales because the room for hash rate growth is still huge and our cost in terms of $/G is highly competitive.

...

9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?

It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.

Eat your words. 

Please see my earlier post where I give my opinion on the supposed part of that question. I guess you can interpret it differently but I don't take that answer as a commitment to May dividends.
https://bitcointalk.org/index.php?topic=99497.msg7331031#msg7331031

Thanks for backing up your reasoning though. I can see how you can read that it should have been May 27th, but the way I read it as one or the other was due so he had an out if he gave dividends or a financial report and he did provide the financial report.

[Satan666]

I have been forced to rectify the text in your post Roadstress. see above, old chap. 

How much PH do you think this project is going to be asking to fund? Do you honestly think it is anywhere near 60?

I sure hope so.  Ghash needs some competition. 

How many containers would that be?

[Mabsark]

For who? For you maybe, but what about the people who just bought AM shares?

Also reaching a positive ROI doesn't mean that it's ok for them to not issue dividends anymore and just do whatever they want with the money.

Why should I care about those whose attention span is less than 2 weeks?

This is a business. Dividends will be issued when the company is in the right position to do so. We would not have 60PH worth of wafers if dividends were given out.

And bitfountain owns more than 50% of the shares so yes they can do whatever they want. Not that they have or would ever do anything to deliberately hurt shareholders.

So it means that nobody should buy AM shares right now because nobody knows when they will ROI. Good advice.

Let's see how long will it take for those wafers to get sold

When would a Spondoolie miner break even if I bought one now? What's that? You don't know because you can't predict the future?

[IPO Magic]

...
cbcm is a startup, I am proud to help startup businesses.
...

Unless you're a miracle worker, it's just another failed Havelock IPO
Along with its retarded sibling, Provenance ASIC.

[raskul]

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

Whether it works out or not, AM will still be paid for the chips that are used in this project. Do you think AM is just handing out free chips or something? Silly Spondoolie shill, what's it like being a cheap whore?

I can't recall mentioning anything about any other hardware manufacturer. The discussion which is current, is regarding the use of further crowd-funding to enable AM to pay dividends on past crowd-funded endeavours.

[jimmothy]

I can't recall mentioning anything about any other hardware manufacturer. The discussion which is current, is regarding the use of further crowd-funding to enable AM to pay dividends on past crowd-funded endeavours.

Are you really trying to tell us that your constant trashing of every asic manufacturer (besides spongebobtech) is in no way related to the fact that you get paid to pimp spongebobtech hardware?

You don't need to have a reverse hardon for every company that is not giving money to spongebobtech.

This project is using AM chips. Get over it.

[vortex1878]

The DataTank Mining project is in cooperation with ASICMiner not an offering of ASICMiner.

And current dividends due will be paid out in full prior to this new crowdfunding plan?
Here's how I see this evolution;

ASICMiner needs this to work so that they can, in turn be paid for their chips, and in turn, pay dividends due.
Yes, very much 'in cooperation' with AM, is evident.

Whether it works out or not, AM will still be paid for the chips that are used in this project. Do you think AM is just handing out free chips or something? Silly Spondoolie shill, what's it like being a cheap whore?

I can't recall mentioning anything about any other hardware manufacturer. The discussion which is current, is regarding the use of further crowd-funding to enable AM to pay dividends on past crowd-funded endeavours.

Are you that ignorant or plain stupid? DataTank Mining project is a customer of AM. AM is one of the - if not THE - healthiest BTC HW business and is not "crowdfunding" anything.

Now crawl back to the cave you came from and troll in some other thread. And take the other two trolls with you.

[dhenson]

I can't recall mentioning anything about any other hardware manufacturer. The discussion which is current, is regarding the use of further crowd-funding to enable AM to pay dividends on past crowd-funded endeavours.

Please explain to me how a customer of A.M. choosing to fund raise in this way in any way reflects negatively on A.M.? Are you inferring that there isn't enough demand without this IPO for A.M. to sell out Gen 3? On what information are you basing this assertion?

If I produced and sold peppermint sticks, and a schoolyard bully stole someone's lunch money to buy said peppermint sticks, that would in no way reflect poorly on my product or business practices.  Nor would it mean that I wouldn't be able to sell my peppermint sticks without schoolyard bullying.

If you are going to keep up with the proper FUD throwers around here, you really need to work a bit harder at it.

[raskul]

Are you that ignorant or plain stupid? DataTank Mining project is a customer of AM. AM is one of the - if not THE - healthiest BTC HW business and is not "crowdfunding" anything.

How blinkered you remain. If DataTake Mining were a customer, they would have paid for the product directly, without the need to request crowd funding, it's a simple point, perhaps you will take a few seconds longer to comprehend it before lashing out abruptly with abuse.

Please explain to me how a customer of A.M. choosing to fund raise in this way in any way reflects negatively on A.M.? Are you inferring that there isn't enough demand without this IPO for A.M. to sell out Gen 3? On what information are you basing this assertion?

I made no such assertion that it reflects negatively on anyone. I posed the question; why crowd funding?
I'd have expected, if these chips have already been sold, then shareholders should see some dividends, and if the sale is subject to fulfilment of the crowd funding, then shareholders will be waiting even longer for dividends.

[RoadStress]

When would a Spondoolie miner break even if I bought one now? What's that? You don't know because you can't predict the future?

Of course I can't predict the future. The same way you can't predict when will you receive dividends. It can be in 1 month, it can be in 6 months.

Are you that ignorant or plain stupid? DataTank Mining project is a customer of AM. AM is one of the - if not THE - healthiest BTC HW business and is not "crowdfunding" anything.

Now crawl back to the cave you came from and troll in some other thread. And take the other two trolls with you.

Healthiest? How come? AM is just cash-less sitting on 60PH worth of wafers. Where is the health in there? They can't even help the bitcoin network with some hashpower of their own so that Ghash can go below the 50% share. AM self-mining is just a joke at this moment. Their future relies on selling inefficient chips to customers.

[vortex1878]

Are you that ignorant or plain stupid? DataTank Mining project is a customer of AM. AM is one of the - if not THE - healthiest BTC HW business and is not "crowdfunding" anything.

How blinkered you remain. If DataTake Mining were a customer, they would have paid for the product directly, without the need to request crowd funding, it's a simple point, perhaps you will take a few seconds longer to comprehend it before lashing out abruptly with abuse.

Please explain to me how a customer of A.M. choosing to fund raise in this way in any way reflects negatively on A.M.? Are you inferring that there isn't enough demand without this IPO for A.M. to sell out Gen 3? On what information are you basing this assertion?

I made no such assertion that it reflects negatively on anyone. I posed the question; why crowd funding?
I'd have expected, if these chips have already been sold, then shareholders should see some dividends, and if the sale is subject to fulfilment of the crowd funding, then shareholders will be waiting even longer for dividends.

Yeah yeah. Same as Rockminer et aliud. Pathetic.

When would a Spondoolie miner break even if I bought one now? What's that? You don't know because you can't predict the future?

Of course I can't predict the future. The same way you can't predict when will you receive dividends. It can be in 1 month, it can be in 6 months.

Are you that ignorant or plain stupid? DataTank Mining project is a customer of AM. AM is one of the - if not THE - healthiest BTC HW business and is not "crowdfunding" anything.

Now crawl back to the cave you came from and troll in some other thread. And take the other two trolls with you.

Healthiest? How come? AM is just cash-less sitting on 60PH worth of wafers. Where is the health in there? They can't even help the bitcoin network with some hashpower of their own so that Ghash can go below the 50% share. AM self-mining is just a joke at this moment. Their future relies on selling inefficient chips to customers.

Löl. Your attempt is so poor that I am not even bothered to reply.

Putting the troll-trio on ignore now. ^^

[jimmothy]

I posed the question; why crowd funding?

It's really quite simple. They lack the capital.

Would it be better if they took non-refundable preorders instead?

AM is just cash-less sitting on 60PH worth of wafers

Is 60P worth of wafers not healthy?

Spongebobtech had to crowdfund via non-refundable preorders just to build something like half that amount even though they didn't lack the capital.

Of course I can't predict the future. The same way you can't predict when will you receive dividends. It can be in 1 month, it can be in 6 months.

So why are you asking us questions we cannot answer?