ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Puppet]

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

2. Because of 1, please do not take it as a buy/sell indication.

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

I would take 3 as a buy/sell indication. Clearly there is no money for divs right now,  so gen 3 yielded 0 BTC for its shareholders. gen 4 is do or die.

[FUR11]

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

2. Because of 1, please do not take it as a buy/sell indication.

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

I would take 3 as a buy/sell indication. Clearly there is no money for divs right now,  so gen 3 yielded 0 BTC for its shareholders. gen 4 is do or die.

Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully), and I don't quite get how we can expect big dividends from gen 3 when it is obvious the money needs to be used to fund a massive ramp-up of generation 4!

[NotLambchop]

Upcoming Dividend Notice

Please expect that there may be a dividend with minimum value which won't be recognized as
dust transactions.

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

2. Because of 1, please do not take it as a buy/sell indication.

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

Thanks for the update!

Arousedrhino, remember how you used to thank Ken for his updates, and rage at me for doubting him?

[iCEBREAKER]

When BE300 comes out, where is AM's profit going to be most realized?
As a chip manufacturer.  
As a device manufacturer.
As a self miner.
As a cloud mining service.

AM's demonstrated core competencies are
-deploying mines
-device manufacturing
-marketing, PR, and hype
-(possibly) cloud mining service

AM is not the best at
-chip design/manufacturing

Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs.

16nm is a very expensive scale to design/fabricate at.  AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space.

[jimmothy]

When BE300 comes out, where is AM's profit going to be most realized?
As a chip manufacturer.  
As a device manufacturer.
As a self miner.
As a cloud mining service.

AM's demonstrated core competencies are
-deploying mines
-device manufacturing
-marketing, PR, and hype
-(possibly) cloud mining service

AM is not the best at
-chip design/manufacturing

Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs.

16nm is a very expensive scale to design/fabricate at.  AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space.

Why you think AM would buy the IP for a 28nm chip that doesn't even compete with their own 40nm chip is beyond me.

Please just give it up. Nobody wants anything to do with the epic failure which is Hashfast. You've been in the denial stage for far too long, it's time to move on with your life.

[freedomno1]

Upcoming Dividend Notice

Please expect that there may be a dividend with minimum value which won't be recognized as
dust transactions.

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

2. Because of 1, please do not take it as a buy/sell indication.

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

Thanks for an update
It's been a while but here's to the success of Generation 4
Based on Jutaruls sentiment i'm hoping it does not disappoint.

[Puppet]

Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully)

Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build,  and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed.

So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you.

[Blazed]

When BE300 comes out, where is AM's profit going to be most realized?
As a chip manufacturer.  
As a device manufacturer.
As a self miner.
As a cloud mining service.

AM's demonstrated core competencies are
-deploying mines
-device manufacturing
-marketing, PR, and hype
-(possibly) cloud mining service

AM is not the best at
-chip design/manufacturing

Therefore, I strongly advise AM to compete in the Dec 6 auction for HashFast's 28nm GN1/1.5 and 16nm 16nm ASIC designs.

16nm is a very expensive scale to design/fabricate at.  AM would be wise to acquire HF's 16nm IP and use it to surpass KnC, Cointerra, and Bitfury in leading edge innovation, rather than start from scratch and pay full market price to compete in the 4th gen ASIC space.

Your core competencies are way off..

Marketing / PR / Hype - LOL yeah right
Device manufacturing - Again LOL

I have no idea what this company is actually good at yet..besides back when gen 1 was sold and they had 0 competition. I am not holding my breath on a gen 4 that competes...

Also no one wants your FailFast garbage 

[mc_lovin]

awesome to hear we have divs coming.  thanks for the update friedcat, although better news would be gen4 shipping

[bones]

Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully)

Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build,  and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed.

So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you.

Of course the btc market as a whole now is worth alot more, so that must be factored in.
And how many asic companies are actually for sale in the form of shares? AFAIK one. Rareness costs, bitcoiners know that.

[Swordsoffreedom]

Upcoming Dividend Notice

Please expect that there may be a dividend with minimum value which won't be recognized as
dust transactions.

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

2. Because of 1, please do not take it as a buy/sell indication.

3. The date of resuming dividends with meaningful amount is yet to be determined. It depends
on the upcoming company performance.

Thanks for the update Friedcat
It's always good to hear from you about whats going on in the company
I'm looking forward to gen 4.

[freedomno1]

Any info as to why it is so difficult for AM to get a PR team (or person) set up? They can manage to do quite a bit behind the scenes, you would think a guy who posts updates regularly wouldnt be an issue.

In a nutshell, the explanation for communication issues is that no clear guideline exists on which information should be released at which time and in which format. So the topic has been dealt with half-assed and procrastinated ad infinitum.

At least supporting customers who have outstanding issues would be appreciated please.

[webbrowser]

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings.

[ujka]

Yeah, this is basically what 90% of the people around here accept as a fact. This has already been priced in mostly (hopefully)

Has it? Look at the risk/cost/benefits and the competitive landscape prior to gen 1, compare it to the situation now. The cost of a gen 4 maskset alone would have allowed you develop, build,  and deploy enough gen 1 miners to rule 90+% of the network back in the day. Also, back then, missing specs by a factor 3x or more was no big deal. If they miss gen 4 power efficiency by as little as 30%, they are pretty much hosed.

So anyone who thinks a share today is worth the same as during its IPO, Ive got a cloudhashing contract to sell to you.

Of course the btc market as a whole now is worth alot more, so that must be factored in.
And how many asic companies are actually for sale in the form of shares? AFAIK one. Rareness costs, bitcoiners know that.

The btc mining market is worth less now - I mean - there is less btc left to be minted.

[Puppet]

Of course the btc market as a whole now is worth alot more, so that must be factored in.

Shares are BTC denominated, as is potential mining revenue.

Rareness costs, bitcoiners know that.

Bitcoiners who have been around for longer know that "rareness" is irrelevant, and return is all that matters. Or do you still fancy a piece in a rare Cypriotic bitcoin banking venture? Perhaps a rare bitcoin real estate company? A unique bitcoin insurance company?

BTW, you could invest in Cointerra too. And Im pretty sure some people here invested in other asic vendors, like bitmine and bitfury. Not btc denominated, and not publicly traded, but investments nonetheless.

[bigdude]

awesome to hear we have divs coming.  thanks for the update friedcat, although better news would be gen4 shipping

Are people not reading FC's update.

There are NO dividends coming!! It depends on company performance, ie. we have nothing right now

The 'dividends' that will be sent out will be just an admin function, to make sure the right people have their shares, nothing further.

This is a BAD situation, worse than expected.

[funkymunky]

This is exactly what it says, it's as though people have misread it....

Not good at all I'm afraid.

awesome to hear we have divs coming.  thanks for the update friedcat, although better news would be gen4 shipping

Are people not reading FC's update.

There are NO dividends coming!! It depends on company performance, ie. we have nothing right now

The 'dividends' that will be sent out will be just an admin function, to make sure the right people have their shares, nothing further.

This is a BAD situation, worse than expected.

[aumusxou]

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings.

Can someone explain what FC said means?  What I mean is, if someone wanted to sell/buy shares OTC, couldn't ownership be proven  by signing a message with the dividend-receiving address? 

[hashie]

1. As discussed in the board, it serves only the purpose of clearing OTC trades and showing
the founders' shareholding status.

I hope to see board members have not been selling out with the benefit of extra knowledge, but have instead been holding or even increasing their holdings.

Can someone explain what FC said means?  What I mean is, if someone wanted to sell/buy shares OTC, couldn't ownership be proven  by signing a message with the dividend-receiving address? 

It's difficult for people to verify that address still holds ASICMINER shares - ie, those shares haven't been sold to someone else already.

[FUR11]

This is a BAD situation, worse than expected.

Well, to be honest... what did you expect??? Did you really expect big dividends still coming from gen 3? Yeah, there was supposed to be big self-mining coming online. But with the BTC price going down even further and focusing on gen 4 tapeout and soon the initial production, I think it is apparent that this money is needed to push gen 4 forward. Big time.