Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1024. (Read 3917058 times)

Popcorn instead of chips?

*John is waiting for the divs with popcorn on hand*

BFL must be doing some black magic or something, how on earth people still give them so much credit? Just because they shipped few jallapenos doesnt mean they have them all coming in steady pace now. They might just be trying to push some out to cash on their chips sales

C'mon weekly dividend update

bla bla "in two weeks" bla bla

You are missing a big part of the puzzle. Can you order from BFL and get your hardware in a few days? No. You have to wait until alllllll these old orders get filled. None of these old orders compete with AM.

  Then they need to drop the price and get ahead of the curve.  Just remember they had to lower the stick sale from 300 to 50 to sell them. Selling hardware and mining with hardware is how this company grew. Well the hardware was being produced sold and used better then anyone else in the game. We all laughed at BFL can't even make a jally work not shipping ha ha ha.

 Myself included.

 All I am saying is they (BFL) are ramping up the shipping and no one matches the price for a jally.  How many sticks have sold out of the 10000 batch? 4000 at 2btc good. How many will sell at 2btc once people realize that the jallys are really shipping?

AM could easily sell 5 GH for 1 Coin and still make a profit.
This thread is about securities, not mining hardware.

  If only you were correct  their jallys are shipping and more quickly then anyone that is only AM would like.  So this puts a lot of strain on anyone with a shitload of AM stock.  I am a small guy under 500 coins earned since August of last year most sold at under 30 USD.  The facts are BFL has shipped a  decent amount of jallys in the last 10 days.   IF they do this for 10 more days  the price of AM has to tumble a lot.  Even at the new high price of 3.2 coins for the hi end 7gh model or the low model at 2.5 coins for 5gh AM is just not in the same league.


 https://forums.butterflylabs.com/blogs/    

the latest blog has orders of jallys up to July 3rd that is more then 120 jallys.

1 jally is about 16 AM usb sticks.

 BFL price 2.5 BTC   AM price 32BTC  both = 5Gh hash.  

When BFL had a handful of orders shipped if was funny Well it is not a handful any more.  

 I bailed on my AM if I am correct I will get it at a much lower price in a few weeks.  If wrong I still made 30 coins profit. Since the sticks came out I always said there are overpriced.  Well how long before the sticks will need to go to .5 coins to sell. Not very long.  

This is not FUD just look at the shipping blog for bfl since may 23rd. 1 month from today and BFL may have 2000 to 3000 jallys shipped this will really kill usb stick sales. 

Of course maybe I am wrong and bfl will slow the jallys back down to a trickle.  I may be all about the FUD.

The sky is not falling yada yada yada.

If you check blockchain solo mining of AM, it's getting around 2 blocks per hour
blocks 2/hour = 48/day = 336/week
or 8,400 BTC/week

not including btcguild shares and hardware sales

https://blockchain.info/blocks/ASICMiner

Have fun on your vacation, I'm sure BFL will still be working on their backlog when you return!

It was obvious from the start that there would be competitors. I think everybody is surprised so far at the inability of the competitors to deliver, but I expect that competition is already priced into the shares at this point.

[Note: highlighted the important part in your quote - with BFL it's always two weeks until they have any impact!]

Those mentioned miners probably have shares in Asicminer

Are you talking about the same BFL? I am cranking all my hypothetically delivered BFL mining rigs but they are not producing any coins!

We've got around 0.013 BTC per share from solo mining alone:



Add to that around 0.005 BTC per share from 7 Thash/s of mining on BTC Guild, and that adds up to around 0.018 BTC per share.

It's my impression that hardware sales have been going fairly well, so my guess would be that we can expect at least 0.025 BTC per share. My guess would be closer to 0.030 BTC per share. But we shall see!

I am done sold all my shares.  Thanks for a fun 3 months and 30 coins of profit. Good luck selling sticks at 2 coins a piece.

BFL has now shipped more then 100 jallys .   More shipping today.

 hmm 2 coins = 333MH hash vs 2.5 coins = 5GH hash  read the hand writing.  Take your profits and go on vacation from the btc world. In two weeks the word will be out that bfl has shipped 500 to 1000 working jallys. current price of 2.5 BTC will get you 5Gh of hash.

If they manage to keep 20% of the network hash rate, which I am sure they will, there will always be a dividend of 0.015 per share. That makes annual return of 30%. That is pretty damn good.
Shares are cheap now. They are worth more than 3 BTC.

Aaaaand again someone found the holy grail after so much time so many people have been looking for it It's funny...

It seems a lot of people are missing the fact that ASICMINER is not a mining bond with some mh/s per share. Instead, ASICMINER is a company that scales. To make this clear, an ASICMINER share is NOT an indirect purchase of some mining equipment in a data centre. An ASICMINER share is your bet on highly skilled people (friedcat and team) with a fantastic track record to do anything in their power to earn you bitcoins with mining and hardware sales. That's what makes ASICMINER worth "400,000 * 2.4 * 120 = 115,200,000 USD" and even if its a big number, it's absolulutely justified. Dividends do not lie.

I've been reading a long time and I can't seem to find any financial reporting by asicminer, only the updates by friedcat. For a company of this size I would like to see some form of independent auditing like mentioned in this thread;

 https://bitcointalksearch.org/topic/m.2109601

Do we know if there are plans for this in the future like an annual report?

Something to think about. I haven't analyzed this in any detail, but every time I've looked at the recently solved blocks in the last few days, I'm seeing on average only 6-7 minutes to solve a block. In fact just then I saw the network solved 7 blocks in the last 20 minutes.

This means that:

a) difficulty is about to skyrocket
b) AM probably solved a lot of blocks in the last week, so mining income might be higher. But don't get too excited, when the difficulty adjusts, the number of blocks solved by everyone next week will be lower.

Global hashrate is ~132TH/s now. Most of the increase is not AM, so either more Avalons are hitting the network or something else novel.

This calculations and description of "overpriced shares" lacks the not valuable sustainability AM proofed and it will continue mining 25% to 30% of the blocks. There are shares available, whose sustainability isn't comparable by far and that sell like blue bananas, as the most recent released "virtualmine".

TAT, I don't want to offend you, quite the reverse, I like that idea, as it just sold like the mentioned "blue bananas" it could just make me a bit jealous