ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Chris_Sabian]

You can not compare AM to Apple in any way shape or form... Years in Bitcoin land are way different than in regular investments.  I think that with most every Bitcoin company short term does matter quite a bit.  The landscape has changed a lot since AM started.

Very true.  Sad to say but the days of AM solo mining may be over.

[NotLambchop]

...
Using Havelock as a "representation" of the share value is ridiculous to me.  It's similar to the BTC/USD price IMO, in that it doesn't represent long term investors.  Say a BTC exchange has 15k btc in sell orders...

Well, in that case 1 BTC is worth whatever you think it's worth (much more than the exchange price), and AM is also worth much more than AM1 (much more than the exchange price).  Congratulations, as far as you're concerned, you're filthy rich
Thew human mind is a powerful thing.  It can believe anything!

*The price of a car with a "FOR SALE" sign on it is also lower than the price of an identical car to the person who wants to keep it.  See the reductio ad absurdum coming on here?

[kingcrimson]

keep in mind they are intentionally delaying transferring direct shares to havelock to avoid a dump. I've been waiting almost 2 months.

[Chris_Sabian]

keep in mind they are intentionally delaying transferring direct shares to havelock to avoid a dump. I've been waiting almost 2 months.

How many are you looking to transfer?

[KarmaShark]

keep in mind they are intentionally delaying transferring direct shares to havelock to avoid a dump. I've been waiting almost 2 months.

Two months? Are you sure Havelock is aware of the transfer and has not forgotten? I believe they do the transfers out once per month at the latest so you are well behind by now.  Is anyone else waiting for direct shares to be transferred over to Havelock?

[Mabsark]

After all of the discussion and speculation on the company's value and the precipitous drop in share price, I doubt many people are still confusing the two.

Well here's what you previously said:

I have to assume that if the price falls all the way back down to IPO levels we will see FC make an appearance once more. Having your company lose another 50% of its value tends to motivate peoples interests.

[Mabsark]

You can not compare AM to Apple in any way shape or form... Years in Bitcoin land are way different than in regular investments.  I think that with most every Bitcoin company short term does matter quite a bit.  The landscape has changed a lot since AM started.

I wasn't comparing them. I was pointing out that investments are not get rich quick schemes. AM is dedicated to providing chips for the next couple of years at least so if all you can think about is a couple of months of dividends, then that's just being short sighted and impatient.

[Franktank]

Can't expect people to hold onto shares when there are no Divs, and the most recent batch of questions haven't been answered. Expect the price to continue to crash until FC answers the questions or pays the dividends.

I'm not trying to come off as impatient as I haven't sold any shares, just stating sentiment in the thread at the moment.

Even at the time, it appeared that the purpose of submitting questions just one month after the last set were answered, then imposing / assuming a deadline, was to crash the share price.   The same people post as if they were bi polar; one minute happy and bullish the next minute freaking out.  The guy posing the questions is a fudster like this himself if you look at his post history.   I have a feeling things are going according to plan,  on the share the price manipulation side of things at least. 

Regardless of whether the forum sentiment is good or bad, friedcat is only likely to post when he has something substantial to share. That's his M.O.

[Franktank]

For those curious on HashRatio's Farm (and potentially AM franchisee¹):

http://v.youku.com/v_show/id_XNzQwNjcxNDM2.html

Some key points:
- HashRatio Interview starts @ 25:30
- Hardware is seen @ 27:00
- Interviewee mentions the figure of "700" @ 27:58
- Interviewee mentions the figure of "7" and "150" @ 28:54
- 2nd Person arrives @ 29:40
- Short interview piece with 2nd Person @ 30:00
- Bitcoin brotherly love exhibited @ 30:27
- Interview ends @ 30:55

It would be appreciated if any Mandarin Japanese speaker/shareholder could provide a transcript of the piece.

¹It is rumored that HashRatio is a AM franchisee; not officially confirmed

EDIT: Corrected the language, apologies for any confusion/offense

[bitsalame]

For those curious on HashRatio's Farm (and potentially AM franchisee¹):

http://v.youku.com/v_show/id_XNzQwNjcxNDM2.html

Some key points:
- HashRatio Interview starts @ 25:30
- Hardware is seen @ 27:00
- Interviewee mentions the figure of "700" @ 27:58
- Interviewee mentions the figure of "7" and "150" @ 28:54
- 2nd Person arrives @ 29:40
- Short interview piece with 2nd Person @ 30:00
- Bitcoin brotherly love exhibited @ 30:27
- Interview ends @ 30:55

It would be appreciated if any Mandarin speaker/shareholder could provide a transcript of the piece.

¹It is rumored that HashRatio is a AM franchisee; not officially confirmed

Thats Japanese

[itamidensha]

For those curious on HashRatio's Farm (and potentially AM franchisee¹):

http://v.youku.com/v_show/id_XNzQwNjcxNDM2.html

Some key points:
- HashRatio Interview starts @ 25:30
- Hardware is seen @ 27:00
- Interviewee mentions the figure of "700" @ 27:58
- Interviewee mentions the figure of "7" and "150" @ 28:54
- 2nd Person arrives @ 29:40
- Short interview piece with 2nd Person @ 30:00
- Bitcoin brotherly love exhibited @ 30:27
- Interview ends @ 30:55

It would be appreciated if any Mandarin speaker/shareholder could provide a transcript of the piece.

¹It is rumored that HashRatio is a AM franchisee; not officially confirmed

Thats Japanese

I'm at work right now so can't watch. But I can understand Japanese reasonably well.
I probably don't have time to do a complete transcript but I'll try and post the theme and important points when I get home later.

EDIT : Just noticed the interview is only 5 mins or so, not the entire 30. I probably can manage a transcript in that case.

[szmarco]

hashratio has started the second batch minemachine production worth about 13M RMB . Those hashrate will be on line in five days.

source :http://www.weibo.com/zhaodong1982?from=feed&loc=nickname

[feifa]

  good

[runam0k]

So pretty.

[JoTheKhan]

So pretty.

When those things become obsolete  I'm probably going to have to buy one and put it on my desk (Hopefully for cheap). It looks fucking awesome.

[Smidge]

Hi. I haven't been on this forum for like, forever.

Can anyone explain real quick the current status of this feline (ad)venture and the dividend situation?

[itamidensha]

For those curious on HashRatio's Farm (and potentially AM franchisee¹):

http://v.youku.com/v_show/id_XNzQwNjcxNDM2.html

Some key points:
- HashRatio Interview starts @ 25:30
- Hardware is seen @ 27:00
- Interviewee mentions the figure of "700" @ 27:58
- Interviewee mentions the figure of "7" and "150" @ 28:54
- 2nd Person arrives @ 29:40
- Short interview piece with 2nd Person @ 30:00
- Bitcoin brotherly love exhibited @ 30:27
- Interview ends @ 30:55

It would be appreciated if any Mandarin Japanese speaker/shareholder could provide a transcript of the piece.

¹It is rumored that HashRatio is a AM franchisee; not officially confirmed

EDIT: Corrected the language, apologies for any confusion/offense

OK, I'm home, just watched through the video. I think I've got 95% of this right, bits I'm unsure about are in red.
Open to any corrections of course.
I've tried to stay fairly literal with the translation. Note that the narrator says "factory" to mean "farm", and "computer" to mean "miner".

starting @25:30
Narrator : Not just a get-rick-quick dream - bitcoin mining. After some negotiations, we made contact with one of the best mining groups in China. Among them is Mr. Choto 趙東 (actual Chinese reading might sound slightly different). He was working as a computer engineer before. Today, Mr choutou is headed to Yamai-town, 500km from Beijing. In this place, he says there's a secret factory for mining.

Mr. Choto : The site of the mining factory is a secret for safety reasons. Please don't film around here.

Narrator : It's said that the Chinese mine 300 billion yen worth of bitcoin per year. What on earth kind of site could this be?

Mr. Choto : This is the mining factory.

Narrator : At first glance it looks like a normal warehouse but, upon looking inside there were countless computers lined up. The number of units is approximately 6,000. "Mining" is doing special calculations. The faster these calculations can be done, the bigger the profits will become.

Mr. Choto : This one is amazing. It calculates incredibly fast. Altogether this factory can acquire around 7 million yen worth of bitcoin in one day.

Narrator : Mr. Choto started mining in April of last year. At that time, he was operating with two computers in his home. One year later, it's become a 24 hour mining operation cooled by huge fans. The total profit at this stage has reached 20 billion yen. Why have they made this factory in the countryside, 500km away from Beijing? The reason is the cheap price of electricity.

Mr. Choto : It uses around 70,000 yen per hour, so in a day that exceeds 1,500,000 yen. In a month ... I can't figure it *chuckles*

Narrator : Mr. choto says bitcoin is something he's invested (bet) his life on.

Mr. Choto : Not to venture anything is the greatest risk. Bitcoin is a revolutionary technology. And I've been given this revolutionary chance. I can't let go of it.

Narrator : Today, one of his mining colleagues has come to visit from Beijing. Alone it's hard to beat the competition, so Mr. Choto carries out his mining in conjunction with others.

Other dude : I'm here to compete. People who don't want to fight it out should go and do something else.  ...  Thanks a lot, see you in Beijing.

Narrator : The computer operation known as mining is producing a lot. What we see from this site in China is that (bitcoin is) far removed from traditional currencies as a means of exchange.

[runam0k]

Hi. I haven't been on this forum for like, forever.

Can anyone explain real quick the current status of this feline (ad)venture and the dividend situation?

No dividends yet (it has been a long time - not sure when you stopped checking your divs address).

The latest set of shareholder questions were posed to FC - we are waiting for responses.

Gen 3 chips all over the place, various franchises seem to be in play.

[Franktank]

HashRatio's Updated Mine (now with EdenTech hardware):

Before: http://ww3.sinaimg.cn/mw690/62d41719jw1eievhu3dm5j20hs0dcgmu.jpg

After: http://ww1.sinaimg.cn/mw690/62d41719jw1eieviieycbj20hs0dcwfu.jpg

It's quite the sight.

[JoTheKhan]

Mr. Choto : This one is amazing. It calculates incredibly fast. Altogether this factory can acquire around 7 million yen worth of bitcoin in one day.

Am I off by some factor, or is that approximately 1000BTC/day? Sounds like he is slightly exaggerating. But not sure what I can expect from someone having trouble multiplying 1.5 with 30...

If this were a franchise, than they are loosing money, for all I can see, as 70000 yen per hour for electricity is ~25% of the income.

68.7K @600 BTC is a little over ~100BTC

With ~15K spent a day in electricity