ASICMINER: Entering the Future of ASIC Mining by Inventing It

[cs54]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

Really this is like a gift from AM
   

So...a loss leader

[Gws24]

If anything, I think going through havelock is preferential to all the other cloud miners out there.  Doing so Guarantees a secondary market, rather than being locked in for the duration of the contract like so many others.  True, it could be explained better, but the difficulty is that friedcat is offering a lot more information than you generally get from cloud miners.

Whether amhash1 will be a profitable investment is another story.

We'll just have to agree to disagree then. And as for being locked in that can easily be overcome by allowing it to be sold/bought on their own site. This would obviously cost some to develop and I can see a point being made that they don't want the hassle but I still think Havelock is not the place for this.

[xhomerx10]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

Really this is like a gift from AM
   

So...a loss leader

 It doesn't follow as they have no other product to offer.
AM needs to unload the chips before the end of their useful life.  Chip sales aren't working - I believe this us more of a "plan D".  Loss leader simply doesn't fit in this context but I may be missing something.

[xhomerx10]

If anything, I think going through havelock is preferential to all the other cloud miners out there.  Doing so Guarantees a secondary market, rather than being locked in for the duration of the contract like so many others.  True, it could be explained better, but the difficulty is that friedcat is offering a lot more information than you generally get from cloud miners.

Whether amhash1 will be a profitable investment is another story.

We'll just have to agree to disagree then. And as for being locked in that can easily be overcome by allowing it to be sold/bought on their own site. This would obviously cost some to develop and I can see a point being made that they don't want the hassle but I still think Havelock is not the place for this.

 
 Certainly this is a great idea if you have the time, money and expertise available.  Havelock us convenient and the chips are getting moldy!  Get 'er done!

[cs54]

I think it would been a far more successful IPO launch to offer a tremoundous price per hash for the IPO, which would then attract investors and stimulate the buying and selling on havelock after the IPO. The way it is priced now, although a decent and fair price, you can only really imagine the price going down and that's even if the IPO gets filled at all.

So, a loss leader? I would worry about expectation-setting for AMHash2, if that contract will be structured like AMHash1.

Really this is like a gift from AM
  

So...a loss leader

 It doesn't follow as they have no other product to offer.
AM needs to unload the chips before the end of their useful life.  Chip sales aren't working - I believe this us more of a "plan D".  Loss leader simply doesn't fit in this context but I may be missing something.

Well, there's AMHash2 thru AMHash 5, offered at a potentially higher initial price.

There's also simply the movement of overstock to reduce inventory and stimulate cash flow. Which in turn funds the development and sale of Gen 4.

I agree though, that this is semantics, and a bit of a Plan D.  I still think that an AM special dividend would work wonders in stimulating demand for AMHash 1.

[Puppet]

Well, there's AMHash2 thru AMHash 5, offered at a potentially higher initial price.

Higher? You mean higher than you are ?
You may want to check how few have sold so far.

[cs54]

Well, there's AMHash2 thru AMHash 5, offered at a potentially higher initial price.

Higher? You mean higher than you are ?
You may want to check how few have sold so far.

...hence my criticism about expectation-setting? Man, this place is weird.

[xhomerx10]

Well, there's AMHash2 thru AMHash 5, offered at a potentially higher initial price.

Higher? You mean higher than you are ?
You may want to check how few have sold so far.

...hence my criticism about expectation-setting? Man, this place is weird.

It's hard to communicate effectively with simply the written word.
The place comes across as weird because of this limitation.  Although some of the players...

[supert]

So...has AM got any grief from the SEC or any plans if it does?

[MichaelBliss]

So...has AM got any grief from the SEC or any plans if it does?

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

[Puppet]

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges

The letters are being sent out to companies performing offerings on Counterparty, Cryptostocks, companies hosting offerings with colored coins, and companies who have performed unregistered securities offerings via Bitcoin Talk. In all cases, the SEC is employing a team of researchers to track down the people or companies behind each offering via forum messages, domain registration information, transfers of funds via exchanges and other means.

[runam0k]

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges

Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

[Chalkbot]

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges

Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

[Puppet]

Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

Agreed, but they dont have to assist the SEC if we assume they ID-ed friedcat. Is friedcat willing to be charged and prosecuted in the US, even if his government will never extradite him? Fun prospect for a young entrepreneur to never be able to travel to the US. And for that matter, I have no idea if what he is doing is at all legal under Chinese law. Somehow I would be surprised securities would be less regulated in China than in the west. Whether or not Chinese authorities care, who knows, but they do seem to care a lot about bitcoin exchanges..

[gogxmagog]

whatever the case may be...I think this subject deserves some sort of comment from AM. They must have some ideas how they will proceed. Better we know now than when it is too late (havelock shuttered)

Can't believe even colored coins and counterparts are under attack too though!?! I thought they were immune to this BS.

[Puppet]

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?

[Chalkbot]

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?

Well, I guess I don't know much. What do you know about it?

[Puppet]

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.

[havelock]

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.

We are located and regulated locally in Panama.

[Chalkbot]

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.

We are located and regulated locally in Panama.

Has Havelock commented on whether they received a letter from the SEC, and/or how they would respond to that scenario?