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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916327 times)
irritant
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June 19, 2014, 01:02:40 AM
 #20941

Anyone have a good quick comparison chart of current mining ASIC's or fully assembled hardware on offer?  I am curious to see how AM offers stand up.  I know people like Jimmothy and Canary follow all that news far closer, where as I barely find time to keep up with this thread and reddit.

https://bitcointalk.org/index.php?topic=456691.0 ?
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June 19, 2014, 01:24:14 AM
 #20942


Definitely a step in the right direction to what I was looking for.  I more care about j/GH and chip cost, but now I at least have a good page with links to relevant posts.

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June 19, 2014, 07:32:45 AM
Last edit: June 19, 2014, 07:45:55 AM by bitcoin.newsfeed
 #20943

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

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June 19, 2014, 07:48:56 AM
 #20944

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

bitsalame
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June 19, 2014, 09:36:45 AM
 #20945

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

Let them keep reinvesting until they can distribute 1 btc per share Cheesy
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June 19, 2014, 09:43:55 AM
 #20946

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

Your assuming they didn't sell or go into mining or franchising. Both are assumptions to be taken as merely that. Along that same vien Spoondoolies future chip specifications and availability are merely assumptions until they physically exist.
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June 19, 2014, 09:51:57 AM
 #20947

Where are dividends  ? ? ?
..............

Right now around minimum of 36 millions $ are somewhere

You are assuming that all chips are sold which is simply wrong. It will take A LOT of time until all chips will sell.

Your assuming they didn't sell or go into mining or franchising. Both are assumptions to be taken as merely that. Along that same vien Spoondoolies future chip specifications and availability are merely assumptions until they physically exist.

If they already sold 60PH worth of chips then you should get some dividends, but you aren't getting anything for the moment so that means that either FC re-invested all the money or that the chips didn't sell. It's easy.

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June 19, 2014, 10:03:07 AM
 #20948

ooo but they have the $ the only thing now is to buy BTC , it may take up to 6 months btw.
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June 19, 2014, 11:36:47 AM
 #20949

ooo but they have the $ the only thing now is to buy BTC , it may take up to 6 months btw.

Could you please elaborate?
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June 19, 2014, 01:13:25 PM
 #20950

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

Let them keep reinvesting until they can distribute 1 btc per share Cheesy

Keep in mind that ability do not imply obligation.
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June 19, 2014, 01:31:03 PM
 #20951

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

FC ran away with them! OMG hes right lets all panic!

Why is August unreasonable? There are pains exchanging fiat to BTC in China so once there is positive cash flow there will be a delay to covert the fiat to BTC.
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June 19, 2014, 02:28:42 PM
 #20952

How about keeping a bit more cash reserve? Makes me nervous seeing that we were at close to zero with lots of stock. That's how you go broke although you don't need to?
I am in for the long run here. Paying dividends necessarily weakens a company, because they could spent it on expansion, building their own datacenters or anything like that. I'd rather have a high rate of reinvestment, but then I don't have all the information.
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June 19, 2014, 02:40:18 PM
 #20953

Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol
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June 19, 2014, 02:40:44 PM
 #20954

Where are dividends  ? ? ?

price per Gh/s   0,49$ < minimum price tag
production cost Gh/s   0,2$ < maximum possible price tag

April batch # of chips   850 000 ... sold for 4 165 000$ > REINVESTED (~2 082 500 chips)
May batch # of chips   3 350 000(plan) ... sold for 16 415 000$ > REINVESTED (~8 207 500 chips) surplus of 1 507 500 chips or 3M$
June batch # of chips 6 700 000(plan) ... sold for 32 830 000$ > ? ? ?

Right now around minimum of 36 millions $ are somewhere

lets reserve capital for next July batch of lets say 7 000 000 chips , that's 14M maximum ... so there are 22M $ waiting to hit dividends this month, or ~0.1 BTC/share , there is absolutely no reason to withholding them for any longer.

How can someone think about august? There is no reason. Explain.

Let them keep reinvesting until they can distribute 1 btc per share Cheesy
Looking good

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empoweoqwj
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June 19, 2014, 03:20:09 PM
 #20955

How about keeping a bit more cash reserve? Makes me nervous seeing that we were at close to zero with lots of stock. That's how you go broke although you don't need to?
I am in for the long run here. Paying dividends necessarily weakens a company, because they could spent it on expansion, building their own datacenters or anything like that. I'd rather have a high rate of reinvestment, but then I don't have all the information.

The idea is that they are selling the stock as we speak. Selling chips makes a good return. Holding cash doesn't. If AM can't make a profit selling chips we are all f**** anyway. They have always held enough back for reinvestment anyway.
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June 19, 2014, 03:23:24 PM
 #20956

Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

Exactly!  But why stop at a year?  Reinvesting yearly divs would assure even moar profit!
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bitcoin.newsfeed
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June 19, 2014, 03:35:34 PM
 #20957

Why is August unreasonable? There are pains exchanging fiat to BTC in China so once there is positive cash flow there will be a delay to covert the fiat to BTC.

nope.

14) What is the estimated conversion time from chip sales to dividends?
The conversion time itself is fast and should not be the main stagnation of the time frame.


@NotLambchop : good one  Grin like always

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June 19, 2014, 03:41:16 PM
 #20958

If dividends do not come in July it is likely due to the sales of chips. If the 60PH is 1 to 1.5 months of stock, inventory may not be completely moved until mid to late July, plus conversion to BTC. I am sure the question of "When do you anticipate AM to become cash flow positive?" will come up in the next round of shareholder questions. My guess is as good as anyone else's on when the company enters into that mode.
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June 19, 2014, 04:09:09 PM
 #20959

If dividends do not come in July it is likely due to the sales of chips. If the 60PH is 1 to 1.5 months of stock, inventory may not be completely moved until mid to late July, plus conversion to BTC. I am sure the question of "When do you anticipate AM to become cash flow positive?" will come up in the next round of shareholder questions. My guess is as good as anyone else's on when the company enters into that mode.
After FC sells several container loads of chips to DataTank.  Cheesy

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June 19, 2014, 07:09:09 PM
 #20960

Aww, nice 100 shares wall, we bearely knew ya  Cry

I should have gotten into Bitcoin back in 1992...
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