ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Chris_Sabian]

I think its safe to expect multiple deposits before a dividend well be payed out.  Self mining, hardware sales, franchising all could show up in the div address separately.  

For all we know, that could simply be one franchisee.

that's the original ASICMiner address, which historically was only used by ASICMiner, not franchisees.  also if you click and follow the coins you will see they all came from BTCGuild.

EDIT - for clarification - as of the last time dividends were paid (and for always if i remember correctly) the mining wallet address was https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i, the dividend address was https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF.

Thank you, great info.  That means that the deposit was simply a gen 1 (assumed) btcguild mining withdrawal and likely not the signal of imminent dividends as was proposed.

Gen 1 was turned off in ~April because FC said it wasn't worth it to mine with anymore.

[finlof]

GHash.io's network share keeps falling.
Any news that I missed?

could also be because they are pissing people off (like one of their biggest customers cryptx) - https://bitcointalk.org/index.php?topic=627111.560

[xhomerx10]

Shareholders be lurking like:


Full disclosure: I am a shareholder.

 Come on! Full disclosure - that IS you!

[electerium]

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)

[Whtwabbit]

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)

Plus BTC vs $USD dropped dramatically not long after he made that statement about divs  "hopefully August"

[CoinBomb]

Friedcat now needs to stop missing deadlines now...

Instead of 'hopefully divs in August' it would be better to say 'the cash position is now x'

[jjdub7]

Obviously no docs until positive cash flow. If friedcat thought it could be august and it isn't, then hes obviously either missed on sales or mining deployment (or both)

Plus BTC vs $USD dropped dramatically not long after he made that statement about divs  "hopefully August"

Considering that the company was cashflow positive in USD even after the chip costs, this is a good thing for BTC-denominated divs...

[trek27]

If he (FC) treats his own words seriously then the first dividends are not that much important - except for a little hiccup in share price of course.
If, for example, AM needs funds for massive gen3 deployment and as fast as possible gen4 development then I will gladly wait a little longer.

[kingcrimson]

one more day without divs and we are going into another freefall, put low buy orders in

[stompysteve]

one more day without divs and we are going into another freefall, put low buy orders in

im feeling optimistic, at least some good news right after the 1st
maybe a lil labor day present

[KarmaShark]

one more day without divs and we are going into another freefall, put low buy orders in

Disclaimer - There could still be a dividend in August -



I was never of the mind that FC would pay a dividend in August, so any selling pressure based on that expectation is a pure discount to my BTC. Dividends in August was heard at the Salon, and while I appreciate shareholders reporting pieces of the talk, I would much rather see FC come to the forum and make an official announcement on dividends. That he did not come here and say this but mentioned several other aspects of the operation gave me the impression it wasn't likely to take place.

Back in June when more information came out I had pegged mid-to-late September to be the likely time frame to see results, while cautiously optimistic that it could be sooner. AM is converting chips en masse to miners right now, and this could take some time and money still to get off the ground. While most shareholders will be upset with a continued delay in returns, I am ready to wait well into October before anything tangible is seen. If nothing is here by October then we can start discussing when and if Gen3 will pay out relative to the impending release of Gen4, which has been rumored to be ready for early 2015. We are not very far away from Gen4, start of September is next week so this will be an intense few months for strong hands.

[aahzmundus]

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

[xhomerx10]

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

 Unfortunately he is responding to questions about the pool compatibility issues w.r.t. the AsicminerTubes.  Crap.  Not really a step in the right direction.
For some reason, the Tubes don't play well with any pool but Ghash.io at this time - so I wonder which pool they were testing on... NOT!

[ensurance982]

Im just happy to see FC is posting on the forum answering questions.  Step in the right direction if you ask me.

 Unfortunately he is responding to questions about the pool compatibility issues w.r.t. the AsicminerTubes.  Crap.  Not really a step in the right direction.
For some reason, the Tubes don't play well with any pool but Ghash.io at this time - so I wonder which pool they were testing on... NOT!

FC already posted a process to make the tube work with other pools.

Exactly. https://bitcointalk.org/index.php?topic=735728.msg8549984#msg8549984 FC is doing active support for the product he's selling, this is very good. People who claim he should rather be deploying hash rate: I agree he should do that, but what makes you think he isn't working on both things simultaneously? I think both things are potentially equally valuable to the company and thus its shareholders!

[drasted]

Still no word of the interview?

[whalezy]

I think massive manufacturing and deployment costed most of profits in May and June. Based on current btc price, FC put sales the highest priority is right. Massive deployment is quite different from personal mining. If it's not economic feasible for more than three months, it means not profit loss but bankrupt.

Apparently, FC gave too much dividends last year, he may want to be a small smart company last year. This idea lead to short of capital and human resource which increased the difficulty for R&D and expanding. Too much dividends in last year also pushed AM stock price too high, but they can't last it with their former strategy, and then the stock price collapsed. It hurt the company's reputation and most stockholders' interests. FC is a talent engineer but lack of experience of running a public company. Hope he learnt from last year's failure and seize this final opportunity.

[bitsalame]

I think massive manufacturing and deployment costed most of profits in May and June. Based on current btc price, FC put sales the highest priority is right. Massive deployment is quite different from personal mining. If it's not economic feasible for more than three months, it means not profit loss but bankrupt.

Apparently, FC gave too much dividends last year, he may want to be a small smart company last year. This idea lead to short of capital and human resource which increased the difficulty for R&D and expanding. Too much dividends in last year also pushed AM stock price too high, but they can't last it with their former strategy, and then the stock price collapsed. It hurt the company's reputation and most stockholders' interests. FC is a talent engineer but lack of experience of running a public company. Hope he learnt from last year's failure and seize this final opportunity.

Lack of transparency hurt the company's reputation and most stockholders' interests.


Is it really that hard to take 5 minutes out of your day to let us know what is going on?

Yes, it is.

[stompysteve]

Arent they going to come out with a financial statement shortly? when they will probably make a statement at the same time

[Swordsoffreedom]

Arent they going to come out with a financial statement shortly? when they will probably make a statement at the same timen

Hmm is it time for a quarterly financials report
Last one I recall was
Cash flow from Feb 28, 2014 to May 27, 2014:
So May 28 --- Aug 28
Your right it might be about that time but I didn't see any announcement about it.

[bitsalame]

I reiterate one more time, and those who don't get it I'll automatically consider shills or trolls.
Asking for dividends -in any kind of investment- is asking to destroy their capacity of growth. Basically by insisting on dividends you are squeezing your golden goose.
Asking to make announcements and baby feeding information is a waste of time unless there is any significant development.
Asking for quarterly report is rational, asking to pamper every whim every day at the forum is childish and extremely unproductive.

Their time should be 100% focused in building value for the company -your invested company-
And all of you should be glad that they are working, in deploying, selling, troubleshooting and offering support.

So those whining, grow a pair.