ASICMINER: Entering the Future of ASIC Mining by Inventing It

[drasted]

Yo, bros...I got two words for ya's: cheap shares.

For real though, the fucking bull run from The Lion King where Mufasa died lasted longer than that schizophrenic pump attempt.  And the bid on the float can't survive another dropped board seat.

Why would anyone listen to your advice? You clearly sold your shares for 0.098 BTC for a "sad loss" just before the news of the sample chips. You're either not very good at trading or are trying to manipulate the market.

Also, from what I can see, very few shares traded down to around 0.13 BTC, but most trades are increasing in price. It's almost like someone is trying to cause a dump. I wonder who that could be.  

My portfolio's public for the record.  I was just saying whoever pumped it made a poor effort because the volume would've been on-balance in a real breakout.

You are simply pathetic. I really feel sorry for you.

...?  If you're referring to my comments about the price movements and disagree, then tell me - what news or other positive info should have driven an upward price movement right now?  

Friedcat had originally projected dividends for August, and only now we've found out the team's been able to reconcile the shareholder ledger.  You tell me if you think this stock has warranted a 40% price jump in one week's time on zero info.  Not ONE of the AMHash IPOs has sold out, and as far as revenue goes, those aren't pulling in the money anyway.

https://bitcointalk.org/index.php?topic=888260.0

Brb, going to put a foot through the fucking wall.

Have you been posting in this thread with your eyes closed? Some of the comments you've replied to are directly about the BE300 news. Like this comment in regards to the stats on the new chip

Bitfury hopes to achieve 0.2 j/gh with their next gen. AM achieved 0.2 j/gh.

I hate to say it, but the initial limitation of shades outstanding by BitFountain may have damned ASICMINER unless it can gain access at minimum to global university-grade research facilities in a strategic, peer-level, media-critiqued and publicized partnership.  Otherwise, real men with real knowledge, money, and balls, (and access to real intellectual capital to compete via the damn money and the explicit consent of regulators...will blow AM so far off the map that shareholders will be stuck settling for ~25k satoshi divs for years before the P/E discrepancy between BitFury and AM is reconciled, just like the scenario with Intel (sorry, not IBM) and AMD at present.

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[jjdub7]

Yo, bros...I got two words for ya's: cheap shares.

For real though, the fucking bull run from The Lion King where Mufasa died lasted longer than that schizophrenic pump attempt.  And the bid on the float can't survive another dropped board seat.

Why would anyone listen to your advice? You clearly sold your shares for 0.098 BTC for a "sad loss" just before the news of the sample chips. You're either not very good at trading or are trying to manipulate the market.

Also, from what I can see, very few shares traded down to around 0.13 BTC, but most trades are increasing in price. It's almost like someone is trying to cause a dump. I wonder who that could be.  

My portfolio's public for the record.  I was just saying whoever pumped it made a poor effort because the volume would've been on-balance in a real breakout.

You are simply pathetic. I really feel sorry for you.

...?  If you're referring to my comments about the price movements and disagree, then tell me - what news or other positive info should have driven an upward price movement right now?  

Friedcat had originally projected dividends for August, and only now we've found out the team's been able to reconcile the shareholder ledger.  You tell me if you think this stock has warranted a 40% price jump in one week's time on zero info.  Not ONE of the AMHash IPOs has sold out, and as far as revenue goes, those aren't pulling in the money anyway.

https://bitcointalk.org/index.php?topic=888260.0

Brb, going to put a foot through the fucking wall.

Have you been posting in this thread with your eyes closed? Some of the comments you've replied to are directly about the BE300 news. Like this comment in regards to the stats on the new chip

Bitfury hopes to achieve 0.2 j/gh with their next gen. AM achieved 0.2 j/gh.

I hate to say it, but the initial limitation of shades outstanding by BitFountain may have damned ASICMINER unless it can gain access at minimum to global university-grade research facilities in a strategic, peer-level, media-critiqued and publicized partnership.  Otherwise, real men with real knowledge, money, and balls, (and access to real intellectual capital to compete via the damn money and the explicit consent of regulators...will blow AM so far off the map that shareholders will be stuck settling for ~25k satoshi divs for years before the P/E discrepancy between BitFury and AM is reconciled, just like the scenario with Intel (sorry, not IBM) and AMD at present.

First off, I'd consider myself an investor, not a trader.  I have been watching this thread, and in every post I've ever commented on or opinion I've put forth, I've affirmed friedcat & team's engineering ability and systems-related skills.  I'm kicking myself for not thinking to exit when the chip specs broke rather than ahead of time like I did.  However, I just can't help but feel that AM's lost its grip on the consumer market moving forward.

The company's worth ~$18.5 million (up to $20-s millions on a good USD pricing day).  Now either that's moderately overvalued or extremely undervalued.  Which scenario it is depends on how they're going to bring their products to market.  BitFury has been taking in more than AM's entire market cap in its recent rounds...again, I just can't help but think that we're going to be stuck in a David v. Goliath situation here like with AMD vs. Intel.

I took the BTC from the sale, sold it for USD, and put it into TSMC, so don't think I'm bearish for the sake of being bearish or not reading into what's posted here.

[stompysteve]

Yo, bros...I got two words for ya's: cheap shares.

For real though, the fucking bull run from The Lion King where Mufasa died lasted longer than that schizophrenic pump attempt.  And the bid on the float can't survive another dropped board seat.

Why would anyone listen to your advice? You clearly sold your shares for 0.098 BTC for a "sad loss" just before the news of the sample chips. You're either not very good at trading or are trying to manipulate the market.

Also, from what I can see, very few shares traded down to around 0.13 BTC, but most trades are increasing in price. It's almost like someone is trying to cause a dump. I wonder who that could be.  

My portfolio's public for the record.  I was just saying whoever pumped it made a poor effort because the volume would've been on-balance in a real breakout.

You are simply pathetic. I really feel sorry for you.

...?  If you're referring to my comments about the price movements and disagree, then tell me - what news or other positive info should have driven an upward price movement right now?  

Friedcat had originally projected dividends for August, and only now we've found out the team's been able to reconcile the shareholder ledger.  You tell me if you think this stock has warranted a 40% price jump in one week's time on zero info.  Not ONE of the AMHash IPOs has sold out, and as far as revenue goes, those aren't pulling in the money anyway.

https://bitcointalk.org/index.php?topic=888260.0

Brb, going to put a foot through the fucking wall.

that sucks...sorry for the good news

[nycgoat]

I took the BTC from the sale, sold it for USD, and put it into TSMC, so don't think I'm bearish for the sake of being bearish or not reading into what's posted here.

So are you bullish on the USD then? 

[Mabsark]

Update:

For direct buyer,you can purchase AMHash3 here: http://www.amhash.com/my/

AMHash Team

AMHash have just updated their website to make buying directly less complicated. For those using my signature, I've updated the links in it to point to AMHash's main page instead of the pricing page. The site now make it obvious how to buy hashing power from them and it should be fairly simple too. Those links shouldn't need changing again, but the Havelock one will if there's an AMHash4.

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[size=23pt][font=Arial][url=https://bitcointalk.org/index.php?topic=833704.0][b][color=#434343]AM[/color][color=#0082E5]Hash[/color][/b][/url][/font][/size]
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[size=10pt][font=Arial][b][url=http://www.asicmn.com][color=#434343]ASIC[/color][color=#85be46]MINER[/color][/url] ● [url=http://www.rockminer.com][color=#434343]ROCK[/color][color=#F54325]MINER[/color][/url][/b] ● Purchase from: [url=http://www.amhash.com][b][color=#434343]AM[/color][color=#0082E5]Hash[/color][/b][/url] (20 Th/s minimum) ● [url=https://www.havelockinvestments.com/fund.php?symbol=AMHASH3][b][color=#A98921]Havelock[/color][/b][/url] (1 Gh/s minimum)[br][b][url=http://www.amhash.com][color=#000000]Cloud-mining contracts: 0.0012 BTC per Gh ● Maintenance fee: $0.001551 per Gh per day ● Upto 6% Christmas Bonus[/color][/url][/b][/font][/size]
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[elasticband]

just to add it is 20TH minimum purchase from the direct sales website

[raskul]

just to add it is 20TH minimum purchase from the direct sales website

1. If the calculated payout after fee subtraction is less than or equal to zero, the contract will be suspended.

so... let me get this right, when AM pile on a few hundred PH/s into the network and difficulty skyrockets to 200billion, they will close your contract because it's earning you fuck-all?

nice plan AM. 

[elasticband]

just to add it is 20TH minimum purchase from the direct sales website

1. If the calculated payout after fee subtraction is less than or equal to zero, the contract will be suspended.

so... let me get this right, when AM pile on a few hundred PH/s into the network and difficulty skyrockets to 200billion, they will close your contract because it's earning you fuck-all?

nice plan AM. 

that is generally how cloud mining works. When the machines mine less than what they produce a residual fee will be paid and shares become worthless. It's a gamble you take with mining, we all know there are more PH round the corner next year.

[Mabsark]

so... let me get this right, when AM pile on a few hundred PH/s into the network and difficulty skyrockets to 200billion, they will close your contract because it's earning you fuck-all?

nice plan AM. 

If they had a physical miner, it would have cost them more up front and for the vast majority of people their electricity costs would be greater. So, if they had their own miner, it would become unprofitable sooner than the cloud mining contract. Most miners don't do it for fun, they do it to make a profit and cloud mining offers them the best opportunity to do that.

[raskul]

just to add it is 20TH minimum purchase from the direct sales website

1. If the calculated payout after fee subtraction is less than or equal to zero, the contract will be suspended.

so... let me get this right, when AM pile on a few hundred PH/s into the network and difficulty skyrockets to 200billion, they will close your contract because it's earning you fuck-all?

nice plan AM.  

that is generally how cloud mining works. When the machines mine less than what they produce a residual fee will be paid and shares become worthless. It's a gamble you take with mining, we all know there are more PH round the corner next year.

that is assuming difficulty will be ever increasing, I know i'm being a tad anal here but why don't AM offer the option that clients can fund their account to keep mining... even if one day the contract is mining zero, who's to say the next day, BTC price  doesn't go to $1m per.

it's quite a crafty disclaimer if you ask me.

If they had a physical miner, it would have cost them more up front and for the vast majority of people their electricity costs would be greater. So, if they had their own miner, it would become unprofitable sooner than the cloud mining contract. Most miners don't do it for fun, they do it to make a profit and cloud mining offers them the best opportunity to do that.

i reiterate price of BTC very rarely remains at a constant. Mining = prospecting.

[Mabsark]

that is assuming difficulty will be ever increasing, I know i'm being a tad anal here but why don't AM offer the option that clients can fund their account to keep mining... even if one day the contract is mining zero, who's to say the next day, BTC price  doesn't go to $1m per.

it's quite a crafty disclaimer if you ask me.

The contract has to be unprofitable for 10 days before the contract ends.

i reiterate price of BTC very rarely remains at a constant. Mining = prospecting.

Most people simply wont mine at a loss in the hopes of BTC price increasing.

[raskul]

that is assuming difficulty will be ever increasing, I know i'm being a tad anal here but why don't AM offer the option that clients can fund their account to keep mining... even if one day the contract is mining zero, who's to say the next day, BTC price  doesn't go to $1m per.

it's quite a crafty disclaimer if you ask me.

The contract has to be unprofitable for 10 days before the contract ends.

i reiterate price of BTC very rarely remains at a constant. Mining = prospecting.

Most people simply wont mine at a loss in the hopes of BTC price increasing.

most people are entitled to decide that for themselves.

[Mabsark]

most people are entitled to decide that for themselves.

And they can do. AM does not force people to purchase contracts from them and the conditions are quite clearly stated, in plain view and in normal sized print. AMHash customers have already decided they're OK with that.

[raskul]

most people are entitled to decide that for themselves.

And they can do. AM does not force people to purchase contracts from them and the conditions are quite clearly stated, in plain view and in normal sized print. AMHash customers have already decided they're OK with that.

granted, and the one thing that I would say in favour of AM.. i can only presume that the hashes are already submitting, so when you buy your 20TH/s contract, it's not adding anything to the network.

[hdbuck]

most people are entitled to decide that for themselves.

And they can do. AM does not force people to purchase contracts from them and the conditions are quite clearly stated, in plain view and in normal sized print. AMHash customers have already decided they're OK with that.

granted, and the one thing that I would say in favour of AM.. i can only presume that the hashes are already submitting, so when you buy your 20TH/s contract, it's not adding anything to the network.

i'd like to take this opportunity to ask for AM's financials.
Their mining ops has been quite blurry because of all those cloudmining sales so i'm hoping to gain clarity on how much they earned in-house at this point.

[AcoinL.L.C]

Sell wall on havelock. As others have mentioned AM doesn't have the financial strength to compete in the future. They need to secure more funding, and dividends aren't realistically on the timeline for a while.. They should be conserving excess capital for dry streaks, not sending it out to shareholders.

[dmcdad]

I've done some analysis of the havelock order book, and that sell wall is the same bot that bounces a couple of hundred shares back and forth between bid and ask.

[Mabsark]

Sell wall on havelock. As others have mentioned AM doesn't have the financial strength to compete in the future. They need to secure more funding, and dividends aren't realistically on the timeline for a while.. They should be conserving excess capital for dry streaks, not sending it out to shareholders.

At this moment in time, all we know regarding AM's financial position is the following:

a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
...
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.

[benm]

I've done some analysis of the havelock order book, and that sell wall is the same bot that bounces a couple of hundred shares back and forth between bid and ask.

Anyone planning on buying/selling on Havelock should also know you can manipulate that bot pretty easily and close the spread down to 3-5% since it will over/under bid you so it can be the market maker. Buy side seems to update its order every minute, ask side reacts to changes in the order book pretty quickly.

For example, the current bid is 0.12, but you could probably sell into the bot at around 0.125 -.128.

[btcapparel]

Hi guys

Can anyone help, I requested a transfer of my direct AM shares to havelock at the back end of October and still nothing in my Havelock account

Anyone else had the same problem and what can I do to resolve it

Many thanks