ASICMINER: Entering the Future of ASIC Mining by Inventing It

[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?

[KarmaShark]

Generation 4's imminent tapeout is wonderful news for long term AM shareholders. Having something tangible out of that product line by end of year would certainly help to soften the blow of a lousy 2014 for the company. I  have yet to write-off Generation 3 just yet however. FC did state the company's desired goals for Gen3 and the network, and with Gen4 this close away we would have to start to see returns from the current generation soon for everything to line-up.

I can see this place becoming a graveyard again with accusations of fraud, imposter FC's and even backwater deals with the Chinese government popping up if nothing from Gen3 comes by the time October rolls around. Come on Fried Cat, your people await your announcement.

[ensurance982]

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?

I don't really know to be honest... But I don't know how much they need to fund the development and initial tape-out, first batches, etc. of gen 4... I think a node size of 28nm or lower may increase the costs, compared to 40nm. Even if it isn't the latest technology. Also VC money may facilitate the deployment of, say, big time deployment using immersion cooled solutions!

[ensurance982]

Generation 4's imminent tapeout is wonderful news for long term AM shareholders. Having something tangible out of that product line by end of year would certainly help to soften the blow of a lousy 2014 for the company. I  have yet to write-off Generation 3 just yet however. FC did state the company's desired goals for Gen3 and the network, and with Gen4 this close away we would have to start to see returns from the current generation soon for everything to line-up.

I can see this place becoming a graveyard again with accusations of fraud, imposter FC's and even backwater deals with the Chinese government popping up if nothing from Gen3 comes by the time October rolls around. Come on Fried Cat, your people await your announcement.

I really don't know about gen 4's tape-out. It would be a truly amazing thing, that's for certain, but I don't think that gen 4 is as that stage already. Where did we get those information from, after all? Who gave us those information?

[jjdub7]

Generation 4's imminent tapeout is wonderful news for long term AM shareholders. Having something tangible out of that product line by end of year would certainly help to soften the blow of a lousy 2014 for the company. I  have yet to write-off Generation 3 just yet however. FC did state the company's desired goals for Gen3 and the network, and with Gen4 this close away we would have to start to see returns from the current generation soon for everything to line-up.

I can see this place becoming a graveyard again with accusations of fraud, imposter FC's and even backwater deals with the Chinese government popping up if nothing from Gen3 comes by the time October rolls around. Come on Fried Cat, your people await your announcement.

I really don't know about gen 4's tape-out. It would be a truly amazing thing, that's for certain, but I don't think that gen 4 is as that stage already. Where did we get those information from, after all? Who gave us those information?

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

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

From feifa & willBTC - either of you upstanding gentlemen care to provide a source?

[trek27]

Having 28nm chips taped out would be a step in the right direction. Explaining to some extent lack of dividends, justifying hopes of 2014 deployment. Per se not a game changer but very, very heartening. Let's hope it's true.

[sharky101]

Generation 4's imminent tapeout is wonderful news for long term AM shareholders. Having something tangible out of that product line by end of year would certainly help to soften the blow of a lousy 2014 for the company. I  have yet to write-off Generation 3 just yet however. FC did state the company's desired goals for Gen3 and the network, and with Gen4 this close away we would have to start to see returns from the current generation soon for everything to line-up.

I can see this place becoming a graveyard again with accusations of fraud, imposter FC's and even backwater deals with the Chinese government popping up if nothing from Gen3 comes by the time October rolls around. Come on Fried Cat, your people await your announcement.

I really don't know about gen 4's tape-out. It would be a truly amazing thing, that's for certain, but I don't think that gen 4 is as that stage already. Where did we get those information from, after all? Who gave us those information?

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

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

From feifa & willBTC - either of you upstanding gentlemen care to provide a source?

Is the pure speculation or has it come from board members/friedcat?

[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.

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

Sure, but at a minimal/nonexistent profit for AM.

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?

"If"s don't move anything. Money move stuff.

Edit: An unsatisfied customer of the Tubes:

Well after a week in the DC, I can clearly state these tubes SUCK!! total junk!! Unreliable heat MONSTERS!!
Out of 40 boards 10 are severely under performing and I had 1 start on fire today. Now to see IF the RMA process is as botched as the sales process. 

[aahzmundus]

Will be interesting to see if others are having issues, I have only seen people complaining about assembly... but I believe that was done so as to get miners out as fast as possible.  Time is usually the biggest factor and offering them unembarrassed was a smart idea for people willing to put in the work.

[jimmothy]

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

Sure, but at a minimal/nonexistent profit for AM.

Do you think that the reason you are constantly insulted may be because you are constantly making absurd/baseless assumptions about how much AM is failing/will fail?

Edit: An unsatisfied customer of the Tubes:

So I guess this means you've completely justified ripping off naive noobs by selling them SPtech hardware?

Serious question, if you don't care the slightest about ROI, why not just be a used car salesman for BFL instead? Just like spongebobtech, bfl makes reliable and pretty hardware at an incredibly unreasonable price.