ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Ozziecoin]

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?

I like it. But will FC agree? There is no reason for him to agree.

[1714830175]

1714830175

[1714830175]

1714830175

[AcoinL.L.C]

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?

I like it. But will FC agree? There is no reason for him to agree.

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

[Ozziecoin]

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

Yes, but he doesn't sell his shares.

[niniyo]

Could ASIC Miner be mining in Discus Fish?  It is now ~25% and has grown a lot in the last couple of months.

[Ozziecoin]

Could ASIC Miner be mining in Discus Fish?  It is now ~25% and has grown a lot in the last couple of months.

Supposedly at BTC guild.

[bitcoin.newsfeed]

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?

I like it. But will FC agree? There is no reason for him to agree.

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

I like it too. He should listen his shareholders and boardmembers(!)  more, what are they telling him. He doesn't looks like experienced person and steps/decisions from gen1 were simply ... wrong. (Gen2 chip size,Gen3 performance,exchange,lot of promises about better PR,leaving self-mining,stopping production/sales of miners and focusing only on chip sales,very expensive immersion cooling solution and in the end helping the other companies/competitors grow)

After the months of cooperation with almost everybody, and helping everybody with ideas like open-source miners, now, he's shouting : Lets destroy all of them ! The goal is corner all competitors from market ... oh, ok. Show the AM hashrate then. Why is hidden, if you're mining? Something besides talks please, I am tired from talks/promises and plans.

Like in r/BitcoinMarkets we like to use : "Next few weeks are critical"

[Ozziecoin]

I like it too. He should listen his shareholders and boardmembers(!)  more, what are they telling him. He doesn't looks like experienced person and steps/decisions from gen1 were simply ... wrong. (Gen2 chip size,Gen3 performance,exchange,lot of promises about better PR,leaving self-mining,stopping production/sales of miners and focusing only on chip sales,very expensive immersion cooling solution and in the end helping the other companies/competitors grow)

After the months of cooperation with almost everybody, and helping everybody with ideas like open-source miners, now, he's shouting : Lets destroy all of them ! The goal is corner all competitors from market ... oh, ok. Show the AM hashrate. Why is hidden, if you're mining? Something besides talks please, I am tired from talks/promises and plans.

hahaha. My mother in law asked around - does anybody know how to bake a Black Forest cake?  Everybody said it was easy and to do this and that. She then said, why don't I buy all the ingredients and one of you come over to my house.  Bake the cake for me and show me just once.  Everybody shut up, no one came.

[AcoinL.L.C]

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?

I like it. But will FC agree? There is no reason for him to agree.

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

I like it too. He should listen his shareholders and boardmembers(!)  more, what are they telling him. He doesn't looks like experienced person and steps/decisions from gen1 were simply ... wrong. (Gen2 chip size,Gen3 performance,exchange,lot of promises about better PR,leaving self-mining,stopping production/sales of miners and focusing only on chip sales,very expensive immersion cooling solution and in the end helping the other companies/competitors grow)

After the months of cooperation with almost everybody, and helping everybody with ideas like open-source miners, now, he's shouting : Lets destroy all of them ! The goal is corner all competitors from market ... oh, ok. Show the AM hashrate then. Why is hidden, if you're mining? Something besides talks please, I am tired from talks/promises and plans.

Like in r/BitcoinMarkets we like to use : "Next few weeks are critical"

Next few weeks will see AM price go back down... $170 is not a realistic price for the security, puts a big valuation on a 1 year old business, especially considering the last few months financial performance...

[KarmaShark]

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?

I like it. But will FC agree? There is no reason for him to agree.

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

I like it too. He should listen his shareholders and boardmembers(!)  more, what are they telling him. He doesn't looks like experienced person and steps/decisions from gen1 were simply ... wrong. (Gen2 chip size,Gen3 performance,exchange,lot of promises about better PR,leaving self-mining,stopping production/sales of miners and focusing only on chip sales,very expensive immersion cooling solution and in the end helping the other companies/competitors grow)

After the months of cooperation with almost everybody, and helping everybody with ideas like open-source miners, now, he's shouting : Lets destroy all of them ! The goal is corner all competitors from market ... oh, ok. Show the AM hashrate then. Why is hidden, if you're mining? Something besides talks please, I am tired from talks/promises and plans.

Like in r/BitcoinMarkets we like to use : "Next few weeks are critical"

Next few weeks will see AM price go back down... $170 is not a realistic price for the security, puts a big valuation on a 1 year old business, especially considering the last few months financial performance...

The next few weeks puts us near the end of August, so I hope you are right with your prognostication. Getting even cheaper shares from shareholders weeks away from close to a years worth of work out of AM sounds like Heaven. Sell back down to IPO, I have the coin waiting.

[Mabsark]

Next few weeks will see AM price go back down... $170 is not a realistic price for the security, puts a big valuation on a 1 year old business, especially considering the last few months financial performance...

We don't know the last few months financial performance. If you have such information, share it with the rest of us.

Lophie was saying the same thing last week and sold a load of shares causing the share price to drop to around 0.13 BTC. A couple of days later the share price was back up to 0.3 BTC. He hasn't been heard from since.

Now is just a proper silly time to sell. Mining restarted mid July and divs are set to start getting paid out this month.

[KarmaShark]

Next few weeks will see AM price go back down... $170 is not a realistic price for the security, puts a big valuation on a 1 year old business, especially considering the last few months financial performance...

We don't know the last few months financial performance. If you have such information, share it with the rest of us.

Lophie was saying the same thing last week and sold a load of shares causing the share price to drop to around 0.13 BTC. A couple of days later the share price was back up to 0.3 BTC. He hasn't been heard from since.

Now is just a proper silly time to sell. Mining restarted mid July and divs are set to start getting paid out this month.

Mabsark, you are your rationality are spoiling the fear and panic induced sell-offs some of us are waiting for. Shhhhhhh! 

[MichaelBliss]

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?

I like it. But will FC agree? There is no reason for him to agree.

It would be more work, but it would also help maintain value of AM shares, which would benefit him seeing as how he owns ~250,000 shares

I like it too. He should listen his shareholders and boardmembers(!)  more, what are they telling him. He doesn't looks like experienced person and steps/decisions from gen1 were simply ... wrong. (Gen2 chip size,Gen3 performance,exchange,lot of promises about better PR,leaving self-mining,stopping production/sales of miners and focusing only on chip sales,very expensive immersion cooling solution and in the end helping the other companies/competitors grow)

After the months of cooperation with almost everybody, and helping everybody with ideas like open-source miners, now, he's shouting : Lets destroy all of them ! The goal is corner all competitors from market ... oh, ok. Show the AM hashrate then. Why is hidden, if you're mining? Something besides talks please, I am tired from talks/promises and plans.

Like in r/BitcoinMarkets we like to use : "Next few weeks are critical"

And they said bagholder wasn't belligerent, merely ironic.    Yup, this is the guy who should be communicating with Friedcat on behalf of the shareholders.    

[FUR11]

Could ASIC Miner be mining in Discus Fish?  It is now ~25% and has grown a lot in the last couple of months.

Discus Fish would make sense, I think it was once known as a private Chinese pool, but has been opened up since? If it really has a fee that's too high, I bet AM would be able to negotiate a better deal with their hash rate!

[ensurance982]

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

No, please FC, don't get a girlfriend! She would take up all his time and he couldn't work all night anymore I'm all for him to become happy, but right now other things are mission critical, around here!

[Mabsark]

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

No, please FC, don't get a girlfriend! She would take up all his time and he couldn't work all night anymore I'm all for him to become happy, but right now other things are mission critical, around here!

A man doesn't need a girlfriend to be happy, especially when he can afford an army of top class whores to service all his wildest desires. Where do you think our dividends went?       That's where!

[ensurance982]

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

No, please FC, don't get a girlfriend! She would take up all his time and he couldn't work all night anymore I'm all for him to become happy, but right now other things are mission critical, around here!

A man doesn't need a girlfriend to be happy, especially when he can afford an army of top class whores to service all his wildest desires. Where do you think our dividends went?       That's where!

Oh noooooo! That could explain why FC looked that meager. He just partied too hard! He's completely out of energy from having fun! I do believe men need a real significant other to receive true love, you can't get that from a prostitute

[hdbuck]

keeping track of the 1w share price. BTC/USD rate is bitstamp's. BTC/AM is havelock's.

[FUR11]

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

No, please FC, don't get a girlfriend! She would take up all his time and he couldn't work all night anymore I'm all for him to become happy, but right now other things are mission critical, around here!

A man doesn't need a girlfriend to be happy, especially when he can afford an army of top class whores to service all his wildest desires. Where do you think our dividends went?      That's where!

Oh noooooo! That could explain why FC looked that meager. He just partied too hard! He's completely out of energy from having fun! I do believe men need a real significant other to receive true love, you can't get that from a prostitute

Hahaha, yeah! That would be crazy if friedcat indeed used the money to go and have a drink or something But actually it wouldn't for us shareholders. I imagine him kicking over his glass of beer and everything spills into the immersion cooling tank, damaging all the freshly installed gen3 blades

[FUR11]

keeping track of the 1w share price. BTC/USD rate is bitstamp's. BTC/AM is havelock's.

Kudos for making those graphs. I think they nicely visualize AM's price in another way. We're still almost at the all time low (since the downtrend started, or at least since the beginning of the year) in terms of USD-value. I'm really psyched to see what the future holds for those who hold AM!

[TheJuice]

keeping track of the 1w share price. BTC/USD rate is bitstamp's. BTC/AM is havelock's.

Should've just held BTC. Can you add a graph adding all time dividends to the price of AM shares