ASICMINER: Entering the Future of ASIC Mining by Inventing It

[maxl]

There is no actual financial report.
The last one is from May.

[jjdub7]

Havelock - this is rather minor, but if you're paying attention, could you correct the ASICMINER market cap to be price*400,000 instead of price*shares on the exchange?  Quickie one-line edit, keeps the funds page looking sharp.  Additionally, correcting the yields would be cool too (move it from an annualized model to a MA YTD or something less ambiguous).

Market cap is correct. Its not showing asicminer marketcap, but that of AM1 or AM100.

The market capitalization is the aggregate worth of a company determined by the exchange-traded share price times the total number of shares.  AM is the only equity (...fund) traded on Havelock that has a floating ledger beyond the exchange, so yes, currently displayed is the total value of shares on the exchange - no the market cap of the company.  101.

To illustrate the point - current figures indicate that AlcheMiner is worth 3x ASICMINER as a company.  Which is laughable.

[Mabsark]

So when I asked how do you think AM is going to sell/deploy 60 PH worth of chips you refused a discussion. Now I am trying to discuss about the big large farms and you refuse again. How about a talk about colors? Would you like that? Maybe that will make you forget about the competitors because it seems you only think about them instead of focusing on your investment.

I didn't refuse a discussion, I told you that I don't know. Why would I bother trying to discuss something when I don't have the necessary info? Unlike you, I don't just pull shit out my arse, fling it at the wall, hope something sticks and pretend they're facts.

I see KnC, I see AntFarm, I see other big pools. AM has nothing to show right now.

How big are those farms then since you seem to be the expert?

AM has nothing to show right now. But we are not allowed to say that because the angry shareholders gang will show up to tell you that you have an ugly face and that your equipment sucks.

You are allowed to say whatever you want, but all you do is talk shite because you are just a sad little troll. You say AM equipment sucks yet 1700 AMHash shares is equivalent to an SP20 @ 0.1 $/kWh but costs less than half the price. Also, AM miners don't burn down your mining farm unlike Spondoolies' miners.

[Puppet]

To illustrate the point - current figures indicate that AlcheMiner is worth 3x ASICMINER as a company.  Which is laughable.

The only thing laughable is drawing such incorrect conclusions from accurate numbers. Wanting to show the same market cap for AM1 and AM100 is what is laughable.

[RoadStress]

So when I asked how do you think AM is going to sell/deploy 60 PH worth of chips you refused a discussion. Now I am trying to discuss about the big large farms and you refuse again. How about a talk about colors? Would you like that? Maybe that will make you forget about the competitors because it seems you only think about them instead of focusing on your investment.

I didn't refuse a discussion, I told you that I don't know. Why would I bother trying to discuss something when I don't have the necessary info? Unlike you, I don't just pull shit out my arse, fling it at the wall, hope something sticks and pretend they're facts.

The funny thing about that discussion is that you don't need any special training to try to put some numbers down. Only elementary math is needed. You have 60PH to deploy and it costs you X$/GH. All you had to do is to just put a random number for X so you could get the total amount of money needed for that deploy. Afterwards you do it again increasing or decreasing the X value until you get to a satisfying total amount. After agreed about the total price we could discuss about the origins of those money.

I see KnC, I see AntFarm, I see other big pools. AM has nothing to show right now.

How big are those farms then since you seem to be the expert?

Have a look at https://blockchain.info/pools and http://organofcorti.blogspot.com/ Right now KnC is at 6%. Where is AM at?

It seems that I mistakenly read AntFarm instead of AntPool. I retract the AntFarm statement.

You are allowed to say whatever you want, but all you do is talk shite because you are just a sad little troll. You say AM equipment sucks yet 1700 AMHash shares is equivalent to an SP20 @ 0.1 $/kWh but costs less than half the price. Also, AM miners don't burn down your mining farm unlike Spondoolies' miners.

Again bringing SP-Tech into discussion out of thing air. I know it's a big pain in the ass for you and you only think about them, but please try to not bring them up anymore. We are talking about AM right now, not about the competition. Can you stick to the subject? Pointing your shit towards other companies will not make FC make better business decisions, will not bring dividends faster and will not increase share price. You have to just accept the reality and just move on. SP-Tech didn't bring/force AM into their present status. Instead of pointing towards others please tell me where is AM right now and what is AM doing right now for its shareholders. Oh wait you don't know. Nobody knows. In the past they were a force when it came to self-mining, now they are nowhere to be seen. Prove me wrong.

[Mabsark]

The funny thing about that discussion is that you don't need any special training to try to put some numbers down. Only elementary math is needed. You have 60PH to deploy and it costs you X$/GH. All you had to do is to just put a random number for X so you could get the total amount of money needed for that deploy. Afterwards you do it again increasing or decreasing the X value until you get to a satisfying total amount. After agreed about the total price we could discuss about the origins of those money.

AM do not have 60 Ph/s. That had 60 Ph/s months ago. Since then, they've sold ASIC, they've sold miners, and they've recently started mining contracts. They've also been building their mining farms since mid July and taped out the gen 4 ASIC in September. So, how many Ph/s remain to be sold and how much money do AM have? Oh, but it costs X$/Gh to deploy and all we have to do is put in random numbers until we get a price we're happy with? Simple! 

Go ahead then, pull some numbers out your arse which don't actually represent anything except your imagination and plug them into your equation. What the hell will that show?

Where is AM at?

Well, I've already told you that I don't know. Is that too difficult for you to understand?

[NotLambchop]

...Since then, they've sold ASIC, they've sold miners, and they've recently started mining contracts...

Sounds like a real solid operation.  Divs must be rolling in.  How much have you lost since "investing" in this, BTW?  Or were you smart enough to stop buying after the IPO?

[RoadStress]

The funny thing about that discussion is that you don't need any special training to try to put some numbers down. Only elementary math is needed. You have 60PH to deploy and it costs you X$/GH. All you had to do is to just put a random number for X so you could get the total amount of money needed for that deploy. Afterwards you do it again increasing or decreasing the X value until you get to a satisfying total amount. After agreed about the total price we could discuss about the origins of those money.

AM do not have 60 Ph/s. That had 60 Ph/s months ago. Since then, they've sold ASIC, they've sold miners, and they've recently started mining contracts. They've also been building their mining farms since mid July and taped out the gen 4 ASIC in September. So, how many Ph/s remain to be sold and how much money do AM have? Oh, but it costs X$/Gh to deploy and all we have to do is put in random numbers until we get a price we're happy with? Simple! 

Go ahead then, pull some numbers out your arse which don't actually represent anything except your imagination and plug them into your equation. What the hell will that show?

I was trying to give you an example that you just can't answer "I don't know" and that anyone can speculate on this. Your refusal to discuss this topic back then can't be motivated by a simply "I don't know". I was pulling some numbers out of my arse back then when you refused a normal discussion. I said that at 0.5$/GH there are needed 30M$ for AM to sell their chip stock and I said that it is highly unlikely that they can do it. Instead of replying to me with arguments you chose to accuse me of trying to promote SP-Tech as always.

Right now I am not interested in that discussion anymore because it's obviously outdated and AM clearly missed their 4 months target to sell all the chips. When I said that it's near impossible you accused me of promoting other miners as usual.

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

AM likely has far more than 4 PH/s hashing right now. They've been building their farm since mid July. That 5 Ph/s is just a small slice set aside for the specific purpose of selling mining contracts.

So 5PH/s is just a small slice. Ok...

[jjdub7]

Wow, we have the entire unholy trinity of RoadStress, NotLambChop, and Puppet in here today...methinks this might mean the 3 (or honestly, you might all be the same person) are trying to grab a few last shares at IPO before the financials and divs are released?

[chairforce1]

Wow

I'm bored and so is everyone else today.

[Mabsark]

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

If you had far more hashing power than you could sell would you just leave it lying around doing nothing or would you put that hashing power to work?

[jjdub7]

Also by "been building their mining farms since mid July" you don't actually expect me or anyone else to think that it is a continuous work since then. They are either done or extremely slow in doing it and I will keep stating that since they aren't showing their hashrate then it's way too small to make a difference. It's not a fact since nobody has the true numbers, but it's an educated guess (I know that you are unable to do them). So your statement that AM has far more than 4PH/s hashing right now it's just a big big lie imo. Not for self-mining anyway. Contracts and other franchise are different, but the self mining is obviously way less than 4PH/s.

If you had far more hashing power than you could sell would you just leave it lying around doing nothing or would you put that hashing power to work?

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

[jdany]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

[MichaelBliss]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

No, there have been very few promises in general lately. 

[webbrowser]

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

If you are referring to the ~ 220 TH/s belonging to id 67117, why do you think it is now AMHash?

[MilkyLep]

Read OrganofCorti's blog on mining data.  And also, its been evident for a while that AM's been splitting their hashrate among pools...the BTCGuild hashing power at the old mining user profile is now AMHash, correct?

If you are referring to the ~ 220 TH/s belonging to id 67117, why do you think it is now AMHash?

Probably has something to do with this...

Update

1. Dividend payment has began , we paid first dividend minutes ago, customers can check your account.

The termination time of this dividend is block 327773
https://blockchain.info/block/00000000000000000ff8e1364232684550245dd6cc76d6d525829895e73ed875

2.Next dividend term will begin from block 327774

3. We updated our hashing in Ghash on amhash.com, and the proof of our Ghash account:
http://rockmonitor.sinaapp.com/hash2.swf

4.Our hashing in Btcguild will be updated very soon.The ID of our hashing in Btcguild is 67117 ,you can check it at https://www.btcguild.com/index.php?page=rankings

5.There are 3 payment addresses of our hashrate:
  1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i
  1ERszMSERwHNR9Xty73KZXpsg1jjBXWcHh
  1K7AuMJwVfZg3UVjinnjT2HzG4pJvACat6

Thanks for your attention.

[Blazed]

My guess is they were slowly building up then offered AMHash1 once they hit a full 5PH. Even with AMHash1 having poor sales they should still be doing pretty good with 5PH hashing away. Of course this is all speculation, but it makes sense to me 

[MilkyLep]

My guess is they were slowly building up then offered AMHash1 once they hit a full 5PH. Even with AMHash1 having poor sales they should still be doing pretty good with 5PH hashing away. Of course this is all speculation, but it makes sense to me 

Once again letting a gleam of the overconfidence of the BE200 chips show while watching missed expectations follow.


I can't really see AM/RM waiting for them to hit a seemingly arbitrary amount of hashing power prior to listing/"promoting" the AMHash offer.

[arnuschky]

Is there any financial report by AM lately?

Someone mentioned end of October.
But, I can't recall if there was one promised.

No, there have been very few promises in general lately. 

Great times, if there are even few promises (not to speak about fulfillment of any promise...)

[FUR11]

Another big movement on Havelock! That 900+ order got filled. Do you think it was a 'real' trade or merely someone selling the shares to themselves? Anyways, Havelock will be happy about the trade, I guess...