ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Fordee]

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...

I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.

 Right now,  if you sold 15 direct shares, you could pick up 1800 AM100's,..    a 20% increase in holdings... minus 5% div difference for a net gain of 15% on your money... for anyone doing long term holding and waiting for div's, this is a no-brainer.

 EDIT:   And....Sold.

 If you're here to speculate on a huge increase in share value when div's start rolling, then you still have the equivalent of 3 extra shares

  * if you are worried about havelock disappearing then go direct or go home. You shouldn't be on the exchange.

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[Fordee]

You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.

Havelock's not the only place that sells fractional AM shares..   

https://796.com/asicminer?op=market

I can see an advantage to one asset, I don't see a downside of having two assets either..     If Google had fractional shares, perhaps I could afford some of those in real life as well...   Fractionals have their benefits.

[bkminer]

I like the ability to convert my shares to direct shares.  To me it would be a major detractor have something that is only valuable on a single platform, such as Havelock.  Don't get me wrong, I like Havelock, but it's like putting all my eggs in 1 basket.

Hopefully they announce the switch in enough time for me to convert to direct before my AM1's become AM100's....

[arousedrhino]

They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.

Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1).  Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...

I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.

 Right now,  if you sold 15 direct shares, you could pick up 1800 AM100's,..    a 20% increase in holdings... minus 5% div difference for a net gain of 15% on your money... for anyone doing long term holding and waiting for div's, this is a no-brainer.

 EDIT:   And....Sold.

 If you're here to speculate on a huge increase in share value when div's start rolling, then you still have the equivalent of 3 extra shares

  * if you are worried about havelock disappearing then go direct or go home. You shouldn't be on the exchange.

Some of us buy on Havelock until we have a # of shares and then convert them to direct. Its a lot easier to buy them on Havelock than to buy them on the forum and have to use someone as escrow not to mention you usually cannot buy a single share at a time.

I just don't want to see the AM 1's disappear from Havelock. There are those making that argument and having both AM 100's and AM 1's is valuable. Just look at our 2 distinct viewpoints on it. If there were no AM 1's on Havelock I would have to buy direct and Havelock would lose out on fees and the share count on Havelock would likely go down. Not being able to convert to direct shares is a huge downside for me.

[arousedrhino]

You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.

Havelock's not the only place that sells fractional AM shares..   

https://796.com/asicminer?op=market

I can see an advantage to one asset, I don't see a downside of having two assets either..     If Google had fractional shares, perhaps I could afford some of those in real life as well...   Fractionals have their benefits.

I did know that 796 had them as well but you cannot transfer between the 2. I think its great to have the 2 different assets they both server a purpose. I just disagree with those that think AM 1 shares should be converted to AM 100 shares and that we should get rid of AM 1.

[whalezy]

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.

[bitcoin.newsfeed]

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) 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 ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Has AM any stock repurchase plan for now or in the future ?

10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

11) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.

[Chris_Sabian]

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?

2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?

3) How many PH/s of gen 3 have already been sold/shipped by now ?

4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?

5) 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 ?

6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?

7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?

8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?

9) Has AM any stock repurchase plan for now or in the future ?

10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?

11) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.

Thanks for submitting and taking the lead on this.

[arousedrhino]

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.

Wow well thats awesome, thanks for correcting me on that.

[Swordsoffreedom]

You can transfer AM100 in 796 to direct share and 796 give AM100 100% dividend.

That makes sense some users prefer the more liquid 1/100 asset which is easier to acquire and some people prefer the full share option and the ability to transfer to and from the exchange this option would remove that buffer and allow more liquidity in both.

[JoTheKhan]

BTC-Garden and Rockminer (Rocket Box too) seem to be shipping now. Seems like real good news to me.

[feifa]

BTC-Garden and Rockminer (Rocket Box too) seem to be shipping now. Seems like real good news to me.

BTC-Garden started shipping half a month ago, it has sold more than 1PH already.

[freedomno1]

Shareholders questions were submitted to Friedcat.

Thank you all for taking the time to participate in this round of shareholders questions.

Thanks for submitting them it'll be nice for everyone to know where the replacement materials can be found along with the other questions

[mb300sd]

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...

[chriswilmer]

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...

Nothing here... 

[mb300sd]

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...

Nothing here... 

Oops, was payment from another old GLBSE asset I had... Assumed it was AM since none of those are paying out regularly anymore.

[freedomno1]

DIVS!?

0.000255 / share by my calculations...

Unless someone randomly sent me a payment to that address...

Nothing here... 

Oops, was payment from another old GLBSE asset I had... Assumed it was AM since none of those are paying out regularly anymore.

Didn't think any of the GLBSE assets still paid out anything anymore bit of a nice surprise I guess
Back to waiting.

[feifa]

Another miner device using AM gen3 chip are coming soon!
Edentech http://www.edentech.org.cn/page.html
The following is the spec of miner
Power: 0.9-1.1 W/G
Hash: 900G/device
Votage:0.75-0.8v
Price:6599 CNY/device

[He1l_Q]

Another miner device using AM gen3 chip are coming soon!
Edentech http://www.edentech.org.cn/page.html
The following is the spec of miner
Power: 0.9-1.1 W/G
Hash: 900G/device
Votage:0.75-0.8v
Price:6599 CNY/device
http://www.edentech.org.cn/images/p1.jpg

another scam, you should not treat it seriously.

[aahzmundus]

What makes you think that's a scam?  Looks like a real piece of hardware built off of a specific design AM published a month or so ago as open source...  Remember?  The sexy one with the amazing heatsink design that everyone wanted just for looks.  Hell... I want one just to put on a shelf, fuck if it makes ROI!