ASICMINER: Entering the Future of ASIC Mining by Inventing It

[RoadStress]

Although, I am not sure why FC would take VC money, I do not think operating capital is currently a limiting factor, I may be wrong.

My personal opinion is that you are wrong here. You can do a lot of things when you have lots of cash.

[yokione]

could be a wise move:

[Suspicious link removed]j.com/venturecapital/2014/09/05/for-kncminer-time-to-forget-selling-bitcoin-machines-to-at-home-miners/

the comments are lulzy tho
nothing to do with AM  

Dat VC money. I instantly think of "age of exahash".

What would happen if some VC money comes in AM? Do we get diluted? How would that exactly affect the share price? 

I don't think AM needs any VC money. Actually, if it does, FC, who still possesses tens of  thousands of BTC can be that VC himself.

[Blazed]

Seems like a lot of rose-colored glasses in here IMHO. Last year AM was poised to be a giant, but they have fell pretty far. They just weren't quick enough and didn't have as many resources as the other giants who entered the field.

There huge first mover advantage was not fully taken advantage of. When the price was 0.25 for a long stretch I thought AM was overvalued, as I said about 20 pages back or so. But 0.16 does seem much more reasonable. But I do not see how anyone can expect any grandiose movements some people are going on about here.

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I still think Friedcat and his team have tons of talent and know-how but it just seems like AM share holders are really secondary, the leadership is pursuing sustainable profits off the books.

All heresay and speculation, just my 2 cents, seeing this company go from +4 BTC share down to 0.15. The bitcoin space changed massively in a year.

I would have to agree with you...I think off books they are killing it, and that explains the lack of interest towards this thread and shareholders. Obviously I am just speculating like everyone else here since we do not know anything, but it does fit the scenario pretty well.

[KarmaShark]

Seems like a lot of rose-colored glasses in here IMHO. Last year AM was poised to be a giant, but they have fell pretty far. They just weren't quick enough and didn't have as many resources as the other giants who entered the field.

There huge first mover advantage was not fully taken advantage of. When the price was 0.25 for a long stretch I thought AM was overvalued, as I said about 20 pages back or so. But 0.16 does seem much more reasonable. But I do not see how anyone can expect any grandiose movements some people are going on about here.

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I still think Friedcat and his team have tons of talent and know-how but it just seems like AM share holders are really secondary, the leadership is pursuing sustainable profits off the books.

All heresay and speculation, just my 2 cents, seeing this company go from +4 BTC share down to 0.15. The bitcoin space changed massively in a year.

I would have to agree with you...I think off books they are killing it, and that explains the lack of interest towards this thread and shareholders. Obviously I am just speculating like everyone else here since we do not know anything, but it does fit the scenario pretty well.

If this were the case and AM was transitioning profitable aspects of the company into other areas off the book, board members would likely be the first to be aware of this and sound the alarm. A few of the board members post here the odd time, I would expect this would have been vetted here in the shareholder thread by now in such a scenario.

[RoadStress]

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I don't know if you are a shareholder or if you are affiliated with any other company, but I am glad to hear someone else have this opinion. I expressed it in the past too, but having an affiliate link in the signature got me only insults.

If this were the case and AM was transitioning profitable aspects of the company into other areas off the book, board members would likely be the first to be aware of this and sound the alarm. A few of the board members post here the odd time, I would expect this would have been vetted here in the shareholder thread by now in such a scenario.

You mean the board members that got ~6x their initial investment in form of dividends? What if they are shareholders in the tick companies? Or what if they just don't care?

[stompysteve]

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I don't know if you are a shareholder or if you are affiliated with any other company, but I am glad to hear someone else have this opinion. I expressed it in the past too, but having an affiliate link in the signature got me only insults.

what like rockminer? they still have to buy the chips from AM

[jjdub7]

Seems like a lot of rose-colored glasses in here IMHO. Last year AM was poised to be a giant, but they have fell pretty far. They just weren't quick enough and didn't have as many resources as the other giants who entered the field.

There huge first mover advantage was not fully taken advantage of. When the price was 0.25 for a long stretch I thought AM was overvalued, as I said about 20 pages back or so. But 0.16 does seem much more reasonable. But I do not see how anyone can expect any grandiose movements some people are going on about here.

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I still think Friedcat and his team have tons of talent and know-how but it just seems like AM share holders are really secondary, the leadership is pursuing sustainable profits off the books.

All heresay and speculation, just my 2 cents, seeing this company go from +4 BTC share down to 0.15. The bitcoin space changed massively in a year.

I would have to agree with you...I think off books they are killing it, and that explains the lack of interest towards this thread and shareholders. Obviously I am just speculating like everyone else here since we do not know anything, but it does fit the scenario pretty well.

I mentioned the other night that I've thought it weird that many in this thread have found sales addresses closely connected with what appear to be exchange addresses.

[webbrowser]

Seems like a lot of rose-colored glasses in here IMHO. Last year AM was poised to be a giant, but they have fell pretty far. They just weren't quick enough and didn't have as many resources as the other giants who entered the field.

There huge first mover advantage was not fully taken advantage of. When the price was 0.25 for a long stretch I thought AM was overvalued, as I said about 20 pages back or so. But 0.16 does seem much more reasonable. But I do not see how anyone can expect any grandiose movements some people are going on about here.

I get the sense that the profitable elements of the company have been removed, or planned to be removed, from AM's stock and into other entities.

I still think Friedcat and his team have tons of talent and know-how but it just seems like AM share holders are really secondary, the leadership is pursuing sustainable profits off the books.

All heresay and speculation, just my 2 cents, seeing this company go from +4 BTC share down to 0.15. The bitcoin space changed massively in a year.

I would have to agree with you...I think off books they are killing it, and that explains the lack of interest towards this thread and shareholders. Obviously I am just speculating like everyone else here since we do not know anything, but it does fit the scenario pretty well.

If this were the case and AM was transitioning profitable aspects of the company into other areas off the book, board members would likely be the first to be aware of this and sound the alarm. A few of the board members post here the odd time, I would expect this would have been vetted here in the shareholder thread by now in such a scenario.

Not saying that this is happening, but if it did happen and the board members could not stop this from happening, what would they do?

Find ways to sell whatever shares they could?
Or sound the alarm? And to what ends?

[willBTC]

I heard that the 28nm chip will tape-out in 8 days.   

[Bonam]

I heard that the 28nm chip will tape-out in 8 days.   

And I heard that the 14nm chip taped out yesterday!! To the moon!!!!

[rudi]

I heard that the 28nm chip will tape-out in 8 days.   

Source?

[silverfuture]

Cryptcominer- earn up to 4.5% daily. Seems legit. https://bitcointalk.org/index.php?topic=763051.0  

From history, we have little reason to believe 4.5% daily is anything but a scam, yet willBTC has a reputation as being honest and sincerely helpful (and is from China). I smell one liner posts hoping to further your goal of getting paid to promote a HYIP. Shameful.

I heard that the 28nm chip will tape-out in 8 days.  

And I heard that the 14nm chip taped out yesterday!! To the moon!!!!

[jimmothy]

Cryptcominer- earn up to 4.5% daily. Seems legit. https://bitcointalk.org/index.php?topic=763051.0  

They are advertising annual returns of 1,200,000,000%...

Maybe Asicminer should forget about gen4 and invest in this solid business proposition instead.

According to my calculations if AM would invest only $1m in this totally legit company they would earn more than $12 trillion USD within a year or ~24 billion bitcoins (60,000 btc/share).

Honestly that has to be the most obvious ponzi I've ever seen. At least offer something semi-realistic like 0.1% daily.

I wonder if anyone is actually oblivious enough to fall for that scam or if they just take advantage of the referral scheme and try to get out quick enough before it collapses.

[shawshankinmate37927]

If this were the case and AM was transitioning profitable aspects of the company into other areas off the book, board members would likely be the first to be aware of this and sound the alarm. A few of the board members post here the odd time, I would expect this would have been vetted here in the shareholder thread by now in such a scenario.

Not saying that this is happening, but if it did happen and the board members could not stop this from happening, what would they do?

Find ways to sell whatever shares they could?
Or sound the alarm? And to what ends?

Another advantage of being paid a regular dividend in Bitcoinland—it's easier to determine if board members are dumping shares.  We've been in the dark regarding board member holdings since March 30th.

[feifa]

I heard that the 28nm chip will tape-out in 8 days.   

I heard this news too. Waiting for the next weekend.

[rudi]

I heard that the 28nm chip will tape-out in 8 days.   

I heard this news too. Waiting for the next weekend.

Thanks, guys!

[jdany]

That would have been nice coming right from AM.

"Hey guys, thanks for hanging on with us while we changed some gears and moved back into some self mining.  I thought you would be excited to know, we've got a tape-out planned for sometime in September - I'll be sure to mention it when it's more definite.  Since we started moving toward Gen4, we're really confident our modeling for energy consumption will be so much better, that we're investing would-be dividends into Gen4 production."  I know the wait is a bit longer, but the use of capital for production will produce a bigger return for investors than the dividends we had planned.  Thanks for understanding.  We're taking the remaining inventory and using it to mine.  Anything the mining produces we'll distribute to shareholders.  Any product/chip sales will go toward production on Gen4 chips.

I'll be back in 30 days and let you guys know how things are going."

Sincerely,
NotFriedcat

[ensurance982]

They would have to buy shares on the open market, there was a strong pledge to never dilute the original 400,000 shares.  Although, I am not sure why FC would take VC money, I do not think operating capital is currently a limiting factor, I may be wrong.

I'd actually get if FC opted to accept VC money and gives a s certain return on a 'per contract' base, but I agree that diluting our current 400000 shares would be against the contract and contrary to the initial IPO promise!

[Mabsark]

I heard that the 28nm chip will tape-out in 8 days.   

And I heard that the 14nm chip taped out yesterday!! To the moon!!!!

It was said at that "salon" thing that BE300 would be here by the end of the year and that this was a conservative estimate. Given that, why are you so surprised to learn that it may be taping out next week? That would seem to be right on schedule and yet you act like FC just announced that he can perform miracles.

[Mabsark]

I'd actually get if FC opted to accept VC money and gives a s certain return on a 'per contract' base, but I agree that diluting our current 400000 shares would be against the contract and contrary to the initial IPO promise!

If FC sold all the chips then he should have at least 10 million easily. How much VC money were you thinking of and what would FC use it for?