ASICMINER: Entering the Future of ASIC Mining by Inventing It

[jdany]

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions..... 

I tend to agree.  This has all of the hallmarks of massive under staffing.
I think 2014, they were hoping to just manuf, sell chips because there is so much overhead in the device manufacturing.

It seems they are getting things done, but not as quickly as this market demands it.

[arnuschky]

to offload some work load and some ships that would potentially be redundant in a month or so due to future power reductions..... 

What work load? The only workload is to design, assemble and ship miners. Nothing extra compared to 2013 when AM was designing, assembling and shipping miners.

The load in selling miners is considerably higher than selling chips, as miners are often sold in small numbers while chips are sold in large batches. Hence you have a larger number of payments, shipments, etc to track when selling miners. Not to speak of communication and support...

[gogxmagog]

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as Datatank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding further down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.

[Swordsoffreedom]

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as tank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding furtheer down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.

In agreement, its pretty damn dark here without any news of what is going on
Haven't seen a financial in a long time either so a lot of clarification is due.
Until then as you mentioned still a mystery.

[John (John K.)]

when are we going to see some financial statements? AM seems to be busy busy but where is the money going? solomining? all sold to private investors as tank? what is going on? is AM just a shadow? are all profits being syphoned into umbrella companies?

I want FC to address this BS, not one of his minions to come on here and simply deny. That has been the course for over a year and things are just sliding furtheer down. dont talk to me about LONG range goals and long games... we get no info, no divs and tanking share value. What part of this equation is ok? answer=none of it!

Its a mystery what is going on with FC and AM.

In agreement, its pretty damn dark here without any news of what is going on
Haven't seen a financial in a long time either so a lot of clarification is due.
Until then as you mentioned still a mystery.

+1. I'm personally waiting for more clarification by the board members/team etc. I still believe in the long term viability of ASICMiner, it's just that the lack of information is really depressing.

[gogxmagog]

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

oh, nevermind 

[kingcrimson]

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

oh, nevermind 

This is why I got out weeks ago. When the CEO stops communicating, that says everything there is to say. Happens with every scam and spells trouble.

[AMuppInTime]

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.

[luffy]

He is propably too busy with AMhash !

[Puppet]

Yeah, especially since its selling like hotcakes. Nearly one month in, less than 600TH sold. 4.4PH to go...

[jdany]

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.

Not to mention, they'd sell a shitton more product too.
Everyone's always in "figure out AM" mode.

I'm not down for mystery or puzzles anymore.
I need a moneymaker.

[Mabsark]

well, the real problem for me is; we hear about things like Datatank and that it was completely sold to private buyers months after the fact and the coresponding fact that dividends vanished around the same time. So then, to me, it looks like this; FC sells Datatank to his buddies, puts entire AM operations into immersion cooled mining, send all future profits to buddies, AM shareholders get nothing. Same logic applies to Amhash. Unless the structuring of these side-businesses and thier financial relation to AM, and the complete financials of AM is made public I can only assume we are all being sold down the river.

Come on FC, allay our fears!

With that type of logic, I can only assume you are totally ignorant. Seriously man, DataTank never belonged to AM so how could AM sell it? And how the hell does that same logic apply to AMHash? AMHash is simply a service offered by AM. From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

[NotLambchop]

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

[bobboooiie]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

[John (John K.)]

friedcat - communication is important. When you communicated you could get great valuation, raise funds & do great things. Please get a real PR person and get professional about it.

Not to mention, they'd sell a shitton more product too.
Everyone's always in "figure out AM" mode.

I'm not down for mystery or puzzles anymore.
I need a moneymaker.

+1. Been a staunch AM holder almost since their inception, and I sincerely wish they're more open now that it's hurting shareholder interests (and their own). They seriously need to get a PR person like what they advertised for, and start releasing regular financial sheets.

[Blazed]

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

[bones]

... From AM shareholders perspective, selling AMHash is pretty much the same as selling miners without the need to pay for delivery costs.

Depends on how much AM is charging AMHash for its miners.  Apparently, AMHash is being charged 0.0BTC/ea, judging by the divs you're getting

You do not need to sell yourself miners, are you confused?

[Gws24]

I think they should also stick to making chips and other stuff besides making miners. The Prisma thread which they completely ignore is pretty sad...horrible gear being shipped out.

That thread is cringeworthy! Horrible gear indeed and to top it of virtually no support from AM for buyers. Main support is provided by other users because AM can't seem to be bothered.

As I said earlier in this thread they really need to improve this aspect of their business or forget about selling to consumers ever again!

[romerun]

well, we can just wait for AM to be listed in wallst or china wallst, it's unavoidable, if bitcoin is to be as big as we hope for.

Coinbase, Blockchain.info, whatnot can go to wallst first, then bitcoin etf will follow. And hopefully miner companies like us can be there too.

[ajw7989]

Well Amhash already sold more than I would ever though would be possible. I mean who in his right mind would right now buy anything that revolves around mining...

amhash is probably the best cloud mining out there currently between the price and low maintenance fees