ASICMINER: Entering the Future of ASIC Mining by Inventing It

[elasticband]

So how much money did someone who purchased AM shares 12 months ago earn? I know that from start until now the shares gave a x6 ROI. But the start was in 2012 so that info is outdated right now.

do you honestly not have anything more important or more constructive to do other than poke a dying bear with a stick?

edit: let me rephrase that, do you not have anything better to do with your life?

[RoadStress]

So how much money did someone who purchased AM shares 12 months ago earn? I know that from start until now the shares gave a x6 ROI. But the start was in 2012 so that info is outdated right now.

do you honestly not have anything more important or more constructive to do other than poke a dying bear with a stick?

edit: let me rephrase that, do you not have anything better to do with your life?

I do, but I am multitasking.

[elasticband]

So how much money did someone who purchased AM shares 12 months ago earn? I know that from start until now the shares gave a x6 ROI. But the start was in 2012 so that info is outdated right now.

do you honestly not have anything more important or more constructive to do other than poke a dying bear with a stick?

edit: let me rephrase that, do you not have anything better to do with your life?

I do, but I am multitasking.

oh I envy your capabilities..... probably time to jog on now, perhaps just maybe? Your constant antagonizing of the sittuation with AM does not really do anything or have an effect.... i mostly yawn when i see your name these days, your as bitter as some of the harcore early miners who sold 20,000 btc at $1 and didn't look back until they heard the price hit  $50..... go take your significant other for a nice night out and stop concerning yourself with a company you don't even own shares in....... I honestly don't think i have come accross such a tiresome poster as yourself..... i prefer notlambchop or puppet.

[eyecoins]

Why is no one talking about the insane amount of AM1 that traded yesterday?

[KarmaShark]

Why is no one talking about the insane amount of AM1 that traded yesterday?

more than 1500 shares imported and dumped instantly into 1100 bids so 400 more

The massive dump yesterday was mentioned, you would have had to take the time to look at the previous page. Why isn't there more chatter about 0.25%+ of the company being dumped in one shot on razor thin volume one month before AM is due to receive their only shot at relevance in Gen4 chips? Likely due to the fact the company is having serious challenges in running smooth operations, from Prisma mismanagement to disregard for shareholder and customer communication to the unsuccessful AMhash IPO's.


Bottom line is people have lost faith after a full year of failures and lack of transparency. Many who still do believe in the company, myself included, are also likely to be taking a break from the AM drama as they now know there is nothing worth discussing until the end of the year when testing of the Gen4 chips is due. To say that Gen4 is make or break or that Dec 16th to Jan 1st, 2015 is going to determine ASIC MINER and their shareholders fate, is an understatement. Should ASIC MINER continue to make mistakes the free market will rid itself of them and make way for more productive, competent companies. There are clear signs that FriedCat and company are now finally taking this threat to their existence in the mining industry seriously, by hiring a PR person and bringing in experts to delegate responsibilities so that the inner core of the company can be relieved to handle higher level work.


Hopefully they have not waited too long and any damage done can be repaired going into 2015. I do not expect many more dumps like this, there are only so many bids on the order book and only so many shares that can be dumped for increasingly smaller fiat dollar amounts.

[sharky101]

It's likely Friedcat is reliant on successful IPO's of AMHash1-2 to fund Gen4 tape-out/chip orders, otherwise why not just self mine. I would say Gen4 is sink or swim for Friedcat. He might even sink before the tapeout date due to the complete disrespect for customers of the prisma orders and attempt to push an IPO nobody wants (btw I would consider it if it wasn't on havelock).

[Mabsark]

...unsuccessful AMhash IPO's.

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.

It's likely Friedcat is reliant on successful IPO's of AMHash1-2 to fund Gen4 tape-out/chip orders, otherwise why not just self mine. I would say Gen4 is sink or swim for Friedcat. He might even sink before the tapeout date due to the complete disrespect for customers of the prisma orders and attempt to push an IPO nobody wants (btw I would consider it if it wasn't on havelock).

Gen 4 tape out was in September. It's already been paid for. Why JUST self-mine, when you can self-mine and sell hashing power simultaneously? Selling hashing power gives you cash up front, self-mining strings is out over months and it could turn out less profitable than selling the hashing power.

[RoadStress]

Your constant antagonizing of the sittuation with AM does not really do anything or have an effect.... i mostly yawn when i see your name these days, your as bitter as some of the harcore early miners who sold 20,000 btc at $1 and didn't look back until they heard the price hit  $50..... go take your significant other for a nice night out and stop concerning yourself with a company you don't even own shares in....... I honestly don't think i have come accross such a tiresome poster as yourself..... i prefer notlambchop or puppet.

You are wrong. My antagonizing of the situation makes Mabsark magically pop on SP-Tech thread. It is a fun game for now.

Edit: Oh and I did this for other companies too (like ActM) so you are not so special. It's just something that I do. Accept it.

Second edit:

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.

As stated before FC took numerous bad business decisions. I did outline some of them in the past, but instead of discussing them you chose to bash me. I have no problem with that, but I'm glad that you start to realize them.

Gen 4 tape out was in September. It's already been paid for. Why JUST self-mine, when you can self-mine and sell hashing power simultaneously? Selling hashing power gives you cash up front, self-mining strings is out over months and it could turn out less profitable than selling the hashing power.

Except that FC wasn't self-mining from the start, and he isn't doing it right now on a big scale like other big farms.(KnC, BitFury etc)

[elasticband]

Your constant antagonizing of the sittuation with AM does not really do anything or have an effect.... i mostly yawn when i see your name these days, your as bitter as some of the harcore early miners who sold 20,000 btc at $1 and didn't look back until they heard the price hit  $50..... go take your significant other for a nice night out and stop concerning yourself with a company you don't even own shares in....... I honestly don't think i have come accross such a tiresome poster as yourself..... i prefer notlambchop or puppet.

You are wrong. My antagonizing of the situation makes Mabsark magically pop on SP-Tech thread. It is a fun game for now.

Edit: Oh and I did this for other companies too (like ActM) so you are not so special. It's just something that I do. Accept it.

ActiveMining....... whole different kettle of fish. next you will be comparing AM with labcoin. I applaud your do gooder efforts, have the chocolate teapot award, you deserve it.

so again you come here to question people about how much money they have made in the last year...... or should we rephrase that to how you really meant it, how much money have AM share holders lost this year? you get kicks out of pointing out the obvious....... I pity you more than those who bought shares at 4.5btc

[RoadStress]

ActiveMining....... whole different kettle of fish. next you will be comparing AM with labcoin. I applaud your do gooder efforts, have the chocolate teapot award, you deserve it.

so again you come here to question people about how much money they have made in the last year...... or should we rephrase that to how you really meant it, how much money have AM share holders lost this year? you get kicks out of pointing out the obvious....... I pity you more than those who bought shares at 4.5btc

I am not comparing. I was giving an example of another company that was slowly going down. In my view it's exactly where AM is right now. Slowly going down and I stated the reasons of why I think this way in the past while being accused of trying to promote another company.

Yes I come here to question people about how much money have they made in the last year because in the past I was told that this company is the best and that we shouldn't question their business decisions because they paid shareholders 6x what they invested. I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.

AM is still operating on the profits they earned from the capital they raised from IPO and have already paid shareholders 6x what they invested.  That's the difference.

[Fordee]

..<snip>I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.</snip>

 How old are you Roadstress?  Five? 

[elasticband]

I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.

derp..... you sound so cool right now, yeah you go get um, stick it to all those people..... we're not worthy, we're not worthy

[KarmaShark]

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.

Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH.


You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while.

[elasticband]

..<snip>I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.</snip>

 How old are you Roadstress?  Five? 

by the lords of kislev i think we have found him

[KarmaShark]

..<snip>I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.</snip>

 How old are you Roadstress?  Five?  

by the lords of kislev i think we have found him

I needed this laugh, damn. I am pretty sure this is the character from the infamous World of Warcraft episode on South Park. Could be deadly accurate portrayal, who knows?

[RoadStress]

..<snip>I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.</snip>

 How old are you Roadstress?  Five? 

I'm 6 actually! It may sound stupid for you, but for me it shows that I was right and it gives me momentum to continue in doing what I'm doing. Carry on.

[Mabsark]

As stated before FC took numerous bad business decisions. I did outline some of them in the past, but instead of discussing them you chose to bash me. I have no problem with that, but I'm glad that you start to realize them.

Stop talking out your arse. I have no problem with criticising AM and AM shareholders and have been extremely vocal in that regard myself, for example:

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

All you do though, is try to wind people up.

[Mabsark]

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.

Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH.


You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while.

They are self-mining with the remaining hashing power according to Rockxie so at least they got that part right but as said, it's simply insane to not have "shares" available to sell constantly, especially given that AM are experiencing difficulty selling hashing power.

[RoadStress]

Stop talking out your arse. I have no problem with criticising AM and AM shareholders and have been extremely vocal in that regard myself, for example:

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
............

All you do though, is try to wind people up.

You did it all wrong. You raised an issue about the Blades that were selling like hot cakes. The blades were a good business decision at that time in my opinion.

I have a problem with the 2014 decisions. Show me a proof of you criticizing AM this year because in my view the fall started this year, not last year. Last and this year are totally different things.

[KarmaShark]

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.

Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH.


You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while.

They are self-mining with the remaining hashing power according to Rockxie so at least they got that part right but as said, it's simply insane to not have "shares" available to sell constantly, especially given that AM are experiencing difficulty selling hashing power.

If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.