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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3899679 times)
MichaelBliss
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December 23, 2014, 02:53:29 AM
 #24881

=dogie does receive miners from most manufacturers for a honest review (if the reviews were biased then he would not be as influential). His criteria is very transparent IMO and anyone should be able to come to the same conclusions as dogie assuming they have the same expertise and invest enough time looking into the same facts

Meaning after he reviews the hardware, he ships them back - or does he keep them?   Once the review is done, there is no reason to keep the hardware in that case.    I too thought I remembered manufacturers gifting dogie hardware, but I could be wrong. Smiley
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Mabsark
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December 23, 2014, 03:17:58 AM
 #24882

Is dogie doing all these without remuneration ? I guess I have seen manufacturers sending him miner for free for a review. I might have been mistaken... so please correct me if I am wrong.

I believe he works for Avalon and Bitmain in some form of sales/support role.
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December 23, 2014, 07:43:05 AM
 #24883

Is dogie doing all these without remuneration ? I guess I have seen manufacturers sending him miner for free for a review. I might have been mistaken... so please correct me if I am wrong.

I believe he works for Avalon and Bitmain in some form of sales/support role.

i think the correct term you are looking for is;
paid shill.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
gogxmagog
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December 23, 2014, 11:15:18 AM
 #24884

I tend to give AM a hard time due to my experiences with them, but I really do hope they can release a good product this time. I like the idea of AM they just need to fix a few things. I just do not get why they can not get a Marketing guy and some support setup for their products. Most companies struggle with making a product and the others parts are simple. AM has the exact opposite problems..
+1 on that!
I chalk it up to a combination of two factors making it a very hard thing to do;
Language barrier
And social/professional barrier.
These are niche tech guys in a start up. They probably don't know how to navigate the business support end of things, even who to ask or where to start. They are probably more worried about leaking info than pitching woo to shareholders. Maybe.
Could all be part of the death of the small miner consumer... They are restructuring?
You see, they would need to go over many fine details with a pr team that speaks native tounge, then get that translated, also seo and that kind of stuff... Asia and western is all different too.
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December 23, 2014, 11:27:50 AM
 #24885

I would love to run their operations for 6 months and get them straightened out.
AM is a venturist's wet dream.

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December 23, 2014, 12:04:46 PM
 #24886

I tend to give AM a hard time due to my experiences with them, but I really do hope they can release a good product this time. I like the idea of AM they just need to fix a few things. I just do not get why they can not get a Marketing guy and some support setup for their products. Most companies struggle with making a product and the others parts are simple. AM has the exact opposite problems..
+1 on that!
I chalk it up to a combination of two factors making it a very hard thing to do;
Language barrier
And social/professional barrier.
These are niche tech guys in a start up. They probably don't know how to navigate the business support end of things, even who to ask or where to start. They are probably more worried about leaking info than pitching woo to shareholders. Maybe.
Could all be part of the death of the small miner consumer... They are restructuring?
You see, they would need to go over many fine details with a pr team that speaks native tounge, then get that translated, also seo and that kind of stuff... Asia and western is all different too.


 I disagree with the idea AM should still be making products for general consumption. PR and marketing are expensive and require high levels of trust and proven competency. We saw the headaches created in the Prisma venture and it doesn't seem to be necessary anymore.   They can avoid shipping, repairs, etc, etc by building the cloud mining and self mining operations and avoid a ton of headaches.  They need to carry through on the immersion tanks filled with Gen 4 chips and get as many new chips mining away as fast as possible to generate the highest potential profit out of each chip. Self mine as they offer to sell the hashs through a few a few main channels. You don't need much marketing or PR to sell potentially profitable hash rates.  Concentrate fully on where you find success in your business is a good rule of thumb and I'd say so far they are doing much better with cloud mining than marketing and manufacturing products.

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gogxmagog
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December 23, 2014, 12:46:29 PM
 #24887

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed
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December 23, 2014, 12:59:20 PM
 #24888

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.
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December 23, 2014, 01:32:28 PM
 #24889


 I disagree with the idea AM should still be making products for general consumption. PR and marketing are expensive and require high levels of trust and proven competency. We saw the headaches created in the Prisma venture and it doesn't seem to be necessary anymore.   They can avoid shipping, repairs, etc, etc by building the cloud mining and self mining operations and avoid a ton of headaches.  They need to carry through on the immersion tanks filled with Gen 4 chips and get as many new chips mining away as fast as possible to generate the highest potential profit out of each chip. Self mine as they offer to sell the hashs through a few a few main channels. You don't need much marketing or PR to sell potentially profitable hash rates.  Concentrate fully on where you find success in your business is a good rule of thumb and I'd say so far they are doing much better with cloud mining than marketing and manufacturing products.

I agree...  let's not forget leasing, too - another successful, if mysterious, part of the AM story.  I suspect that a lot of the coins coming through:

https://blockchain.info/address/3MkwFfGNQDve7vz1z6gUDVxkuQpcSV3Mz8

Are coins produced by leasing arrangements. 

Don't tip me... tip the Riseup folks who protect activists around the world.
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December 23, 2014, 02:17:29 PM
 #24890

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.

I am sure Rockminer gets a nice cut..my guess anyways.
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December 23, 2014, 02:39:29 PM
 #24891

I am sure Rockminer gets a nice cut..my guess anyways.

They said they get commission but I've no idea how much.

I've just been looking at the sales of AMHash. About 3,400 BTC worth have sold so far over the past 2 months, with the vast majority of sales occurring in the past 13 days. That includes those sold directly and on Havelock but not the 0.32 Ph/s that Hashie are selling. Also, the price of the first IPO was 0.00125 BTC which I think sold about 0.3 Ph/s which was then lowered to 0.0012 BTC for the rest of the sales. The figure doesn't take that into account, nor the Christmas bonus hash rate either. That's around 1.1 million USD.  Smiley


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December 23, 2014, 10:15:33 PM
 #24892

I wonder what sort of profit margin AM has after paying for the electric and RM's commission? 1 million is a pretty good amount of cloud mining plus the hosting fees.. I would assume AM has to be approaching cash positive again.
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December 24, 2014, 06:32:04 AM
 #24893

how is this "stock" doing?
gogxmagog
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December 24, 2014, 08:18:52 AM
 #24894

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.
Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...
jimmothy
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December 24, 2014, 08:34:00 AM
 #24895

Ultimately they should just sell chips. But who's buying. AMHash? I'd be pretty happy if they self mine for a while. Divs are really sorely missed

Why would AMHash be buying? They are ASICMiner.
Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.
drasted
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December 24, 2014, 08:50:53 AM
 #24896

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.

You misread what he said.

Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to?
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December 24, 2014, 08:59:24 AM
 #24897

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

I don't see what's supposed to be confusing. AM sell Prismas for 1.39 BTC per Prisma. AM sells AMHash for 1.68 BTC per Prisma. Like I said, AM have sold about 1 million USD worth of AMHash in the past 2 months. Are you saying AM should just self-mine, pay out divs and be underfunded for BE300 production? I don't really understand what you're trying to say.

Jutarul recently said that the financials are being prepared so we should see them soon. As for creating another umbrella company, what umbrella company already exists?
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December 24, 2014, 09:37:40 AM
 #24898

Yeah that is the confusing part of this. Seems like AM shareholders are getting the shaft so that AM can sell hash rate to new customers. How is AM supposed to turn a profit that will reach thier original backers?
When will we see a financial breakdown of how this is supposed to work? When will we see any financials?
Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to? Why pay investors when you can re sell what you already sold them to someone else?
Please tell me I am way off here and prove me wrong...

I don't see what's supposed to be confusing. AM sell Prismas for 1.39 BTC per Prisma. AM sells AMHash for 1.68 BTC per Prisma. Like I said, AM have sold about 1 million USD worth of AMHash in the past 2 months. Are you saying AM should just self-mine, pay out divs and be underfunded for BE300 production? I don't really understand what you're trying to say.

Jutarul recently said that the financials are being prepared so we should see them soon. As for creating another umbrella company, what umbrella company already exists?
What I'm trying to say is I would like to see some financials so I know where the money is going and don't have to make fatalistic, paranoid guesses based on the negligible info gleaned here. It's frustrating, and has been a frustrating year all round. Seems like anything I have touched has turned to crapola. Oh well, year is almost done.
And thanks btw, honestly. You cleared that up nicely for me. Sorry I ragged out there.
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December 24, 2014, 01:33:57 PM
 #24899

You are way off.

AMhash is not an umbrella company, it's just a vehicle for selling hardware.

You misread what he said.

Maybe FC and Rockxie want to make ANOTHER umbrella company to send all profits from amhash to?


AMhash is a JV?

And yes, exactly, there's a difference between vertically-integrated firms and umbrella companies (though the distinction is merely technical at times).


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Blazed
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December 24, 2014, 02:56:33 PM
 #24900

No one knows who is making what. Unless I missed something AM has not clearly said what part of the profit is for them or RM. It is all speculation until they actually give you some info. I would hope that with selling so much AMHash they are cash positive by now or something is really off.
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