ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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.

[1714156509]

1714156509

[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.

[bitdude]

bitsalame: I agree with you, it is just that the market is full of the people you are talking about and hence we are back down again at 0.22 BTC

[Whtwabbit]

Someone should set up a AM whining post, where shareholders can complain and bitch about all their problems with AM, then we can ignore the whole post ;-)
6-9 months most of your questions will most probably be decided

[xhomerx10]

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.

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.

 You are confused as to the the meaning of 'grow a pair'.
That would actually manifest itself as a demand of accountability from your investment.
These people are merely asking FC to do what he said he would do.  When he doesn't, it undermines his trust, integrity and respect.

[EternalWingsofGod]

Someone should set up a AM whining post, where shareholders can complain and bitch about all their problems with AM, then we can ignore the whole post ;-)
6-9 months most of your questions will most probably be decided

Patience is a virtue, alas it is one most people do not have 
I kid in six to nine months I hope that AM is as strong as it was in 2013
Pawning all that is

[Lohoris]

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.

Only if you can trust them.
Here we are talking about a bitcoin company operating in China in a very secretive manner.
What's your recourse should they just grab the money and cancel the shares? Zero.
So you obviously want dividends, otherwise you've got nothing.

[bitsalame]

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.

Only if you can trust them.
Here we are talking about a bitcoin company operating in China in a very secretive manner.
What's your recourse should they just grab the money and cancel the shares? Zero.
So you obviously want dividends, otherwise you've got nothing.

Lohoris, what game are you playing for god's sake.
If you don't trust them, sell your shares and forget about it.

[trek27]

So, the anticipated pullback is here. The situation is in some sense quite interesting and can be used as example to show that there is no the only one right approach.

Case 1.
Someone bought into AM around 0.15 as a speculation on approaching dividends. FC made the salon and announced 'hopefully August'. Then buying ensued and share price roughly doubled. Up to now no dividends, so natural reaction of such person is to sell at any profit he is able to squeeze out. Remember, the first reason for his speculation was approaching dividends. At this point his investment is a success and he simply moves on.

Case 2.
Someone bought into AM as a speculation on real turnaround. In such case his time frame is about 6 months  (starting from June/July) and current situation should be seen by him as an opportunity to increase his stake.

Case 3.
Someone bought into AM either during IPO or later for the purpose of long term mining or chip, miners production. There is absolutely no reason to do anything.

What's really interesting is the fact that all three individuals could still be successful! The question is: will they stick to their strategy or not? But have no doubts, just sticking to your strategy does not guarantee that you will win. That's why wise money management, patience and cold blood are all so important.
Also, difficult part of the puzzle is to distance oneself from the green-eyed monster - someone's luck or success should never influence you or feed your greed.
 
Overall, investing (or money management if you prefer) is not, for large majority of people, a suitable way of making one's living.