ASICMINER: Entering the Future of ASIC Mining by Inventing It

[JoTheKhan]

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.

Anyways AM/Bitfountain has cash they are still sitting on Nearly 50,000 Bitcoins I presume the remainder is the capital they converted for business operations and the sort.

https://blockchain.info/address/1Lu6j7umY8qVqvZzdojDBhHBAAyfcDUfGE 0 BTC (94415 Shares)
https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW 36,636.85533247 BTC (94415 Shares)
https://blockchain.info/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey 10,428.67775014 BTC (47208 Shares)

Total Bitcoins = 47065.53283387 BTC = 236,038 Shares

2/3 Bitcoin addresses kept most of the balance in their address the other 1 moved it around but not sure what the other addresses go to so that's as far as that analysis goes.

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?

[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?

[stompysteve]

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

[shawshankinmate37927]

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.

[szmarco]

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.

[dhenson]

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?

[drasted]

"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?

[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.

[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!