ASICMINER: Entering the Future of ASIC Mining by Inventing It

[HarmonLi]

Disclaimer: previous AM shareholder, not a current shareholder.

I kind of think that sums the whole situation up for a lot of people. And I believe it's not the worst idea to still sell - even now.

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[Whtwabbit]

Yes this is a good time too sell


:disclaimer: I am a troll

[NotLambchop]

...
nahh im not gambling, im here for the long haul, just hodling like bitcoins until the next bubble. but i still buy couple shares once in a while at these prices thx
...

Wouldn't expect too many bubbles.
Unless friedcat trolls you with some news, that is.  If I was him, I'd experiment.  Post my shoe size or my favorite pone and watch for ~10% up-blip.  Not quite "bubble" territory, but still lel...

[bitsalame]

Yes this is a good time too sell


:disclaimer: I am a troll

Which means, it is the time to buy.

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett

[mem]

Come on guys, where's your team spirit?

thats the spirit! come on FC! AM roxx!

Still a fan, for a start up they have done incredible and nothing short of it.
Im hopeful but not a believer having sold the bulk of my shares @ 4.5, then 2.5, then a few at 0.5 and finally all but 5 at 0.2-0.25.
Having been watching the "news" for some time and its been unimpressive so no reason to hold (for me) but I idly speculate still and would likely rebuy some if I saw promise in any future announcements.

Why do I suspect ghash.io+bitfury retain a large amount of hashing power ?
(warning please done tinfoil hats and suspend disbelief):

Ever since the decline of AM's hash % from 30 to 10, then 1% the hash rate of the ghash.io pool steadily rose to achieve first 30% then finally 50%+ (after which point mining on their own private pool would endanger their own profitability) with the difficulty spiking insanely, FC deployed as much as the DC could take OC'ing all gen1 chips and was still unable to maintain an edge.
Thanks to this move, they also managed to destroy any chance of a profitable gen3 farm for AM simply by being able to calculate from the available specs FC predicted by raising the difficulty past the point of these chips easily/ever achieving ROI.
As a follow on move, they destroyed the expected capital of gen3 there for knee capping their main competitor at the time.
Currently I believe they maintain as much hash ratio as they can without damaging their own immediate profit, as a side benift this also wards of future investors whose risk vs return raises drastically.
Finally I believe a company as aggressive (and with 0 regard for the community) as ghash+bitfury would be smart enough to invest their profits in future chips to ensure they can deploy the moment an opponent attempts to spike the global hash rate by more than 1% (ensuring the competitor cannot achieve ROI).

(tinfoil hat off now).

so if your a bit paranoid from what has been observed from the last ~8 months performance like myself you would have little confidence in AM atm.

My one consideration is that FC is trying for a hail Mary shot where he remains silent about specs then bulk deploys via his franchise blowing ghash+bitfury out the water entirely (ie go nuclear with the hash rate). If anyone at all in the bitcoin community is capable of attempting and achieving some sort of success with this method it would be FC.

[Satan666]

Come on guys, where's your team spirit?

thats the spirit! come on FC! AM roxx!

That's what I'm talking about.  Let's take our minds off of the trading over at Havelock and learn a new cheer while we're waiting for the dividends to start rolling in again.  

Get fired up! Everybody, let's get fired up!

[HarmonLi]

Humpty Dumpty dumped into the wall and brought AM's price to fall. All AM's ASICs and FC's immersion tanks couldn't push it back up 

[Lohoris]

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett

Still not a good reason to buy junk.

Not implying AM is junk, but using such a catchphrase without turning the brain on is quite dangerous.

[trek27]

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett

Still not a good reason to buy junk.

Not implying AM is junk, but using such a catchphrase without turning the brain on is quite dangerous.

Sure, AM needs more than dismal mood - it needs real turnaround (or signs of it).

Though current desperation among at least a part of shareholders makes it a bit more interesting speculation on possible turnaround.
I have no idea if the turnaround materializes - maybe quasi-failure of gen3 persists? But then gen4 should not be that far away.
FC's track record goes for, fierce and merciless competition against.

[Lincoln6Echo]

@ Jutural: Is a boardmember meeting planed in near future?

[Samba Punishment]

Interesting to see that these prices are considered to be cheap, that over 800 shares may change hands. Bold bids!

[dhenson]

Interesting to see that these prices are considered to be cheap, that over 800 shares may change hands. Bold bids!

I guarantee MANY more have been changing hands off exchange. When I do the next dividend spreadsheet update, I'll include a sheet showing those addresses picking up / dumping shares.

[hdbuck]

My one consideration is that FC is trying for a hail Mary shot where he remains silent about specs then bulk deploys via his franchise blowing ghash+bitfury out the water entirely (ie go nuclear with the hash rate). If anyone at all in the bitcoin community is capable of attempting and achieving some sort of success with this method it would be FC.

AMEN.

[szmarco]

Interesting

FC registered an ID on weibo.com(twitter in china) today.
and he announced there would be a salon in shenzhen on Aug. 2

Source :http://ww4.sinaimg.cn/bmiddle/005FAMYdgw1eiosv54ybtj30c822fdqj.jpg

[feifa]

I guess the BE200 chip is not sold well.
AM needs to promote sales

[gogxmagog]

Interesting

FC registered an ID on weibo.com(twitter in china) today.
and he announced there would be a salon in shenzhen on the 8th Oct.

Source :http://ww4.sinaimg.cn/bmiddle/005FAMYdgw1eiosv54ybtj30c822fdqj.jpg

can someone translate the entire thing?

or give direct source?

I doubt he would publically announce a salon to bring bad news.

Deep down I was feeling the silence was due to something grand about to be unveiled, but what?

I'm excited.

[szmarco]

direct source :http://weibo.com/u/5195261989?from=myfollow_all#1406260962126

[jimmothy]

direct source :http://weibo.com/u/5195261989?from=myfollow_all#1406260962126

Google translated:

Under the force of the times [million] T operator bitcoin line salon notice: The event is organized by the industry's leading mining machine development company ASICMINER, scheduled for: August 2, 2014 13:00-18:00, place in Shenzhen City South, Nanshan District No. 7, seven high-tech digital technology park, 5th Floor, A3 starting coffee; AM companies invited to participate in the discussion of many of the industry elite, under Bitcoin T operator force millions of times, there will be what Bitcoin industry opportunities and challenge.

Can we get a better English translation?

What exactly is a "salon"? FC is not going to become a hair stylist is he?

[gogxmagog]

looks like its just another bitcoin industry convention. salon=industry convention, or better yet; an assembly of guests in such a room, especially an assembly, common during the 17th and 18th centuries, consisting of the leaders in society, art, politics, etc.

interesting that friedcat is organizing it, and it will be interesting to see what comes out at it.

[feifa]

direct source :http://weibo.com/u/5195261989?from=myfollow_all#1406260962126

Google translated:

Under the force of the times [million] T operator bitcoin line salon notice: The event is organized by the industry's leading mining machine development company ASICMINER, scheduled for: August 2, 2014 13:00-18:00, place in Shenzhen City South, Nanshan District No. 7, seven high-tech digital technology park, 5th Floor, A3 starting coffee; AM companies invited to participate in the discussion of many of the industry elite, under Bitcoin T operator force millions of times, there will be what Bitcoin industry opportunities and challenge.

Can we get a better English translation?

What exactly is a "salon"? FC is not going to become a hair stylist is he?

"salon" means technology seminar.
I guess AM is making effort on searching a better(more effiecent) miner solution with BE200