zy02264
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August 05, 2014, 01:44:49 AM |
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I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time. Is there any new information??? Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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hdbuck
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August 05, 2014, 02:06:11 AM |
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I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time. Is there any new information???
+1 Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again Although each day without news brings us closer to some other day with more news (if not surprise divs). Winner, Winner, Chicken Dinner!
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arousedrhino
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August 05, 2014, 02:40:07 AM |
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Just looked through the last 100 pages for the list of shareholder questions that have yet to be answered... I failed to find them -_- I kept getting quotes from old lists of questions and I cant remember when the old list was submitted, or who submitted it to narrow down the search. Can anyone find it? If you do find it, can you link the Bitell guys to it so they can possibly ask those questions in the interview? They may not be privy to the existing list of questions.
Also, does anyone know any more about that interview? If it happened already... when it is getting posted.... anything?
I think you are talking about these: 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.
Feel free to submit them to the Bitell guys.
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Fabrizio89
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August 05, 2014, 05:36:15 AM |
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Weren't those questions already asked and answered? He just said about the dividend he hopes he can resume paying in August.
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freedomno1
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Learning the troll avoidance button :)
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August 05, 2014, 07:07:57 AM |
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Feel free to submit them to the Bitell guys.
Added them to the bittell comments using a random e-mail shouldn't matter since its for an interview with him. That and people want to know where to get a replacement main-board for the block erupter cube? Still http://www.bitell.com/t/2026#comment-147
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Believing in Bitcoins and it's ability to change the world
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Satan666
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The love of fiat is the root of all good
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August 05, 2014, 11:18:00 AM |
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Weren't those questions already asked and answered?
Asked? Yes. Answered? No.
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ineededausername
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August 05, 2014, 07:13:18 PM Last edit: August 05, 2014, 07:39:07 PM by ineededausername |
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Summary of speechTranslated from http://www.weibo.com/p/1005053057597202/And here's Mr. Friedcat! He's very soft-spoken. One mention of a "BE300." "Our goal is to ensure losses for all the other mining manufacturers." Slide image: summary of franchising program > Collateral will be AM shares or BTC > AM will provide the unit > Franchisee provides the computer, power supply, hosting > 80/20% split of profits
"Our PR team is committed to improving communications with shareholders and being more transparent." Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s. "The conservative deadline for the public release of BE300 is EoY. It might even be earlier." "The goal is to achieve an annual average of 15-20% of the hashpower of the network." Some invoices, haha Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat. More translations coming from http://weibo.cn/u/5195261989?page=3&wm= August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ... Pic of drinks at the Exahash salon "Bitcoin mining is way more competitive than the Bitcoin exchange industry" Friedcat's debut speech: "How can a miner profit in the Exahash era?" Friedcat describes the open source program (boring slide) - the BE200 open source program - for amateur miners, easy configuration and lower radiation (?) - for professional miners: high reliability; expect a flat price curve - for miners with better power costs: huge returns - for miners with lower power costs: we improve your chances of making a decent return
BE300 mentioned by friedcat Friedcat describes the ASICMINER business model What we do: Bitcoin mining hardware, R&D, production, marketing, providing open source solutions to the community What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
ASICMINER is hiring! Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines. ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit. ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)
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(BFL)^2 < 0
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hdbuck
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August 05, 2014, 07:36:54 PM Last edit: August 05, 2014, 07:50:21 PM by hdbuck |
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^ thx buy buy buy ^^
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Chris_Sabian
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August 05, 2014, 07:49:36 PM |
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Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part.
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cs54
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August 05, 2014, 07:55:48 PM |
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He's very soft-spoken.
[...]
"Our goal is to ensure losses for all the other mining manufacturers."
silent but deadly!
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hdbuck
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August 05, 2014, 08:46:58 PM |
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AM's revenue stream:
- chip selling - miner selling - 80/20 franchising - 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1) + community: FC's decision to open source and create a massive community around AM + innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
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JoTheKhan
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August 05, 2014, 09:52:17 PM |
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AM's revenue stream:
- chip selling - miner selling - 80/20 franchising - 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1) + community: FC's decision to open source and create a massive community around AM + innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips.
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hdbuck
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August 05, 2014, 10:48:43 PM |
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AM's revenue stream:
- chip selling - miner selling - 80/20 franchising - 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1) + community: FC's decision to open source and create a massive community around AM + innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips. well there is already those 50 000 BTC. But I agree they had to spend most for ops. But remember that, not like Bitfury, AM did not conclude any VC A or B round for financing (which is by the way a good news for us investors not being diluted).
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JoTheKhan
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August 05, 2014, 10:52:27 PM |
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AM's revenue stream:
- chip selling - miner selling - 80/20 franchising - 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1) + community: FC's decision to open source and create a massive community around AM + innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips. well there is already those 50 000 BTC. But I agree they had to spend most for ops. But remember that, not like Bitfury, AM did not conclude any VC A or B round for financing (which is by the way a good news for us investors not being diluted). If that is their share/div address then that is not AM money, that is Bitfountain's personal money. Then they would have no obligation to use any of that money for AM right?
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ensurance982
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August 05, 2014, 10:54:39 PM |
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Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part. I never really got what they meant by "desperately needs a mama cat"... I mean... is this some cultural thing and got lost in translation or is it just outright odd?
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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stompysteve
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August 05, 2014, 11:26:48 PM |
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Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part. I never really got what they meant by "desperately needs a mama cat"... I mean... is this some cultural thing and got lost in translation or is it just outright odd? He needs a GF....jk probably something lost in translation
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shawshankinmate37927
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August 05, 2014, 11:40:36 PM |
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If that is their share/div address then that is not AM money, that is Bitfountain's personal money. Then they would have no obligation to use any of that money for AM right?
Right. Those are dividends that were paid to AM shareholders. They are not part of AM's assets. That's why those funds don't appear on AM's latest financial statements.
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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
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szmarco
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August 06, 2014, 01:10:22 AM |
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Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part. I never really got what they meant by "desperately needs a mama cat"... I mean... is this some cultural thing and got lost in translation or is it just outright odd? He needs a GF....jk probably something lost in translation yea,this is what i mean. He needs a female cat to take care of his personel life.
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dhenson
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August 06, 2014, 01:23:25 AM |
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Originally, shares were $1 USD each (.1btc @ $10 USD/btc) so 5000 shares required an investment of $5,000 USD.
Now, shares are ~.25btc @ $580 or $145 each. 5000 shares would cost around $725,000 USD
I would like to propose a new tier of board member. Currently it would seem that board members meet semi-monthly via a text based chat. What if friedcat created a new tier, a view only board member or 'board viewer' that would be open to those share holders with >= 500 shares. This would give some incentive for larger holders to hodl and would give smaller holders incentive to buy.
If the existing board members were amiable there could even be a side-channel chat where the viewers could pose questions to the board members with 'speak' and if they like the question, they could pose it to friedcat.
Thoughts?
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drasted
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August 06, 2014, 01:36:48 AM |
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"Our PR team is committed to improving communications with shareholders and being more transparent."
Isn't that said in almost every update, but has never really changed?
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