ASICMINER: Entering the Future of ASIC Mining by Inventing It

[JoTheKhan]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

Rumors of selling at cost a long with FC saying Divs will come out when the company is cash positive does not give off a very bullish feeling.

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[Chris_Sabian]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

Rumors of selling at cost a long with FC saying Divs will come out when the company is cash positive does not give off a very bullish feeling.

But the only person to my knowledge who was saying that FC as selling at cost was the CEO of Spondoolies-Tech...  That source, since they are a competitor to AM, isn't reliable.

[aahzmundus]

I'm starting to think a good number of the rumors of selling chips at cost were people confusing franchise deals.  Translating things back and forth into Chinese has always, and will always cause a bit of confusion.

[User705]

We provide: whole mining device excluding PSU.
You provide: PSU, location, operation.

On each difficulty change, you pay us:

(x - 4.59*10^(-5)*t/y)*80% in which
x = 100% PPS of 850G
y = Bitcoin exchange rate on bitstamp
t = seconds in the last round
This is per device.
4.59*10^(-5) is electricity cost per second assuming power is 0.15$/kwh and each device draws 1.1kw.

If (x - 4.59*10^(-5)*t/y)*80% is already equal to or less than zero, or after three months and you decide that the project should discontinue, you can either sell them at market price (which is agreed by us) and pay us 80% of the sold value, or ship them back to us.

After that we give the deposit back to you.

Was there a minimum amount of devices?  What about shipping costs?

[bitdude]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

But not necessarily because these are not good news, possibly because people are nervous about the dividends.

[freedomno1]

The market, according to Havelock, is not very impressed with all of these companies buying AM's chips...

But not necessarily because these are not good news, possibly because people are nervous about the dividends.

Sounds about right its more or less the market will start waking up when dividend payments are out and its sleepy hollow in the intermin.
You know try and find some yield while you wait logic.

[bobboooiie]

How often are financials released? quarterly ?

[cs54]

How often are financials released? quarterly ?

It's whatever

[jdany]

How often are financials released? quarterly ?

It's whatever

Man, when you put it like that...

[JoTheKhan]

It's now been a little over a month since FC stated that the amount of chips we currently had would last is about a little over a month. I wonder if we did another run and gained more chips, it seems that they are being put to good use. I'm a little curious. I hope we did.

[jdany]

I know this isn't the speculation thread, but since there isn't a chance of ruining regular conversation, here's my thoughts;
I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

A "Nope, not sold out yet." response would be devastating.
But, I don't think that's why we haven't heard back from him.
I'm not usually a very patient person, but in this case, this company has always under promised and over-delivered.
Sine I've never been wrong about them, I'm going to assume they are planning a major over-delivery, and I'll give 'em all the space they need to do it.

I just hope they do it soon... 

[bitcoin.newsfeed]

I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

He doesn't need to answer every question, but nothing at all? Unacceptable!

A "Nope, not sold out yet." response would be devastating.

Why? Better than nothing.

...this company has always under promised and over-delivered.

Like with gen2 performance? Like with gen3 performance? Like with blockchain based exchange? Like with maintaining 10% of network share? Like with dedicated PR person? I can continue if you want... this company is long time after "under promised and over-delivered" period.

I just hope they do it soon... 

Yeah, sure ... Hope & Believe™

[michaelGedi]

- to expect such a swift response as last time to the questions this time is to fail to realise we are in a different context now.

- friedcat made an effort to answer quickly last time as something was up... ie general discontent in the shareholders from top to bottom and a crashing share price. At this point in time, I'm happy to hope and believe that nothing is really up, just business chugging away and shareholders fingers tapping.

[KarmaShark]

It's now been a little over a month since FC stated that the amount of chips we currently had would last is about a little over a month. I wonder if we did another run and gained more chips, it seems that they are being put to good use. I'm a little curious. I hope we did.

If we assume everything is going to take as long as FC suggested, 1.5 months from the June 5th announcement brings us to July 20th. If FC has decided to do another batch with the profits from the June / July batch and it takes another 1.5 months to unload that product, we are looking at early September before we will see anything. It is hard for me to envision the company staying silent until the Fall of 2014 when they were originally forecasting to start payments in Q2.


At this point in the game, you are either In or Out. The silent orderbook on HL reinforces this reality.

[MichaelBliss]

I don't think our Q&A request is going to corner cat to talk about anything before he's ready to.
I think we asked such specific questions, we're going to have to wait until he CAN answer those questions, before he does.
Which means that some of those questions are not ready to be answered yet.

He doesn't need to answer every question, but nothing at all? Unacceptable!

A "Nope, not sold out yet." response would be devastating.

Why? Better than nothing.

...this company has always under promised and over-delivered.

Like with gen2 performance? Like with gen3 performance? Like with blockchain based exchange? Like with maintaining 10% of network share? Like with dedicated PR person? I can continue if you want... this company is long time after "under promised and over-delivered" period.

I just hope they do it soon... 

Yeah, sure ... Hope & Believe™

How the hell do we get a guy with the title "AM Bagholder" representing the shareholders and posing questions to Friedcat? In the real world, no ceo would talk to some random rude kid, just because the kid demands it.   I thought Friedcat was extremely kind to answer his initial questions to begin with, given newsfeed.dude's obviously hostile and rude tone.   Now he feels entitled to questions answered every month - when did Friedcat agree to that part???   Anyway is it even in AM's best interest to satisfy this rude questioner's curiosity?   How old are you panicking people anyway?  So much supposition, assumption, jumping to conclusions - from bagholder and others here; is this a result of the crystal meth epidemic I've been reading so much about lately?

[NotLambchop]

... In the real world, no ceo would talk to some random rude kid, just because the kid demands it...

1.  IRL CEO don't solicit money from "random rude kid[ s]."
2.  IRL CEO have PR people to field the questions of "random rude kid[ s]."

TL;DR:  This ain't IRL.

[michaelGedi]

who said this weren't the real world?

[NotLambchop]

^MichaelBliss did, and i tend to agree with him.  IRL no one would "invest" on an exchange where *ALL* the listings are trading below initial offer price.  So this gotta be Walla Walla Washington.

[bitcoin.newsfeed]

How the hell do we get a guy with the title "AM Bagholder" representing the shareholders and posing questions to Friedcat? In the real world, no ceo would talk to some random rude kid, just because the kid demands it.   I thought Friedcat was extremely kind to answer his initial questions to begin with, given newsfeed.dude's obviously hostile and rude tone.   Now he feels entitled to questions answered every month - when did Friedcat agree to that part???   Anyway is it even in AM's best interest to satisfy this rude questioner's curiosity?   How old are you panicking people anyway?  So much supposition, assumption, jumping to conclusions - from bagholder and others here; is this a result of the crystal meth epidemic I've been reading so much about lately?

I don't even ...

Thank you very much for your appreciation, that I took a time for gathering and forwarding questions from all shareholders. It was my free time. Now I am "rude kid". Oh, you're so kind. I don't feel, that I am "representing the shareholders", I am just a messenger and I had a time and financial interest of doing this after friendlypumpkin told me that he doesn't have a time. "My initial questions?" that questions are from a lot of shareholders gathered in this thread, like always. Its not "my questions". There was a discussion here about appropriate time for next round of questions and general consensus was once per month, also there was a boardmeeting. "In the real world" full name of CEO is widely known between shareholders and public, here we're trusting a guy with nickname "Friedcat" with millions and you are bothering with my signature or whatever. And that "crystal meth" part ... this speaks for itself ... waste of time answering or attacking you back.

Back on topic about ASICminer.

[hdbuck]

yea.. back on topic..





patience patience..