ASICMINER: Entering the Future of ASIC Mining by Inventing It

[explorer]

Were your shares confirmed in the dividend recently?

[1714144358]

1714144358

[1714144358]

1714144358

[1714144358]

1714144358

[havelock]

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

Please submit again following the instructions @:

https://www.havelockinvestments.com/fund.php?symbol=AM1

[chriswilmer]

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

Please submit again following the instructions @:

https://www.havelockinvestments.com/fund.php?symbol=AM1

Can you notify us when a batch of share transfers go through? I initiated a transfer following those instructions about two weeks ago... I'm not sure if I should just be hitting refresh on Havelock to find out, or whether there will be an email notice or what.

[stompysteve]

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

Please submit again following the instructions @:

https://www.havelockinvestments.com/fund.php?symbol=AM1

Can you notify us when a batch of share transfers go through? I initiated a transfer following those instructions about two weeks ago... I'm not sure if I should just be hitting refresh on Havelock to find out, or whether there will be an email notice or what.

they should make it more transparent for people like a que or something....so you know if your transfer is pending or when it supposed to go thru

[trek27]

I want to share some thoughts on funding and the danger represented by Bitfury.

First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it.

Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting  is the inability of Bitfury to fund itself internally. If history repeats (rhymes  ) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must

a) stay cost effective
b) be innovative (gen4 success seems to be 'a must')
c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt.

If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us. 
 

[Blazed]

I want to share some thoughts on funding and the danger represented by Bitfury.

First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it.

Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting  is the inability of Bitfury to fund itself internally. If history repeats (rhymes  ) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must

a) stay cost effective
b) be innovative (gen4 success seems to be 'a must')
c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt.

If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us. 
 

I do not think Bitfury has to be externally funded, but it is a smart move for sure (why risk your own capital?). I also do not think Bitfury will bankrupt AM either, but they will make it a lot less profitable. Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion). I really doubt anyone investing will ever see great returns moving forward. The mining market is just not hugely profitable anymore for manufactures. The move to cloud mining was a good one for sure...seems they are finally selling a decent amount of AMHash these days. I think AM should stick to what they can handle -> Bulk chips and this could mining setup (avoid selling miners to end users completely).

[trek27]

I want to share some thoughts on funding and the danger represented by Bitfury.

...

I do not think Bitfury has to be externally funded, ...

Yes, this could be true.

I want to share some thoughts on funding and the danger represented by Bitfury.
...

...
Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion)...

Agree, especially if by highly we understand profitability of early 2013. Currently, in general, expecting high returns on mining investments is a pure, difficult to justify, gamble.
AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

[Dexter770221]

Regarding Bitfury:
https://bitcointalk.org/index.php?topic=896350.0

bit-x.com ??

GH55 - old gen 55nm miners

[dogie]

This company's rating has been updated in the Manufacturer Trustworthiness thread.

[This message won't be monitored, discuss any concerns in the thread.]

[John (John K.)]

https://bitcointalk.org/index.php?topic=888260.msg9868520#msg9868520

The 6-chip board works.

[bigdude]

https://bitcointalk.org/index.php?topic=888260.msg9868520#msg9868520

The 6-chip board works.

Onwards and Upwards

[Chris_Sabian]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

[stompysteve]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

[Blazed]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

[malaimult]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

It looks like 1 year of hosting is included in their price, and the price of electricity is locked. You will be able to sell the miners at any time which can and will greatly affect your potential ROI verses this in which you do not actually own the miners

[stompysteve]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

anyone want to do the math on what a GH would cost and the electricity rate on each

[webbrowser]

AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

Not as harsh as for those who bought 12 months ago.

[webbrowser]

Interesting sale over at Bitmain:  https://www.bitmaintech.com/productDetail.htm?pid=000201412171033028658LE40FU705ED

Although it would appear that AMHash is cheaper....

plus you have to pay for the electricity/hosting area once you have them

Well you own the gear, and mine whatever pool you want. You can sell miners off / mine alts / lease it out etc... pretty different than this.

With the bitmain offer, you can mine on any pool you want (as long as it is Pool 1-3?). You can sell miners off, but there is $2000 per truck fee, plus logistics.  Only 90 days parts/warranty is provided.  What happens beyond that?  Pay for smart hands (presumably not included in Electricity fee)? Your revenue is based on whatever your miners actually fine.

With AMHash, you can sell your mining contract off on the open market. No logistics issues. Revenue is calculated from hashrate and difficulty, so any availability problems are AMHash's not yours.

[jjdub7]

AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.

Not as harsh as for those who bought 12 months ago.

A potential 100% downside is equally harsh to whatever principal you invest.  I sincerely hope that friedcat and company succeed with gen4, I really do.  Although friedcat seems to have changed significantly over the past year...he used to post updated excitedly on an almost daily basis.  

Granted, the company was booming then, but still...these days he talks about as much as an actual cat ever meows...either that or the company currently holds no BTC after orchestrating the price burn of the past months (and with all this secrecy for literally months on end now...have updated Q3 financials been released to the public yet...?)

[gogxmagog]

True.
Whatever BF's offer or how it pans out for its investors...we will see. BUT for absolutely sure they will market it better than anything AM has attempted and probably have no problem selling it out fast.