Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1038. (Read 3917568 times)
3 in a row, we could even get to 6 with some luck
very very good point... someone just needs to take the initiative. Looks like AM/Friedcat have enough to worry about for now... someone can just set an example and away they go. I would jump on this if I had the skills/resources
I would personally pledge 1 btc towards a fund to produce an official storefront / website. We are shareholders after all, no reason we have to put this burden on friedcat.
I propose we setup an address with John K. to serve as a website fund. We then put out a RFP for one of the many bitcoin enthusiast html geeks to produce an official site endorsed by friedcat.
Features it should have:
1) Hosting of the official shareholder list with tools to make managing share purchases easier for freidcat (i'm thinking an existing shareholder could post his auction and the results could (with approval) transfer share ownership)
2) An official storefront for the masses to purchase upcoming ASIC hardware.
3) A Built in voting mechanism. It should be easier for friedcat to propose something and receive shareholder feedback.
4) ??
sounds like a good plan. I would contribute a small amount in the region of 0.x BTC, I don't hold many shares... but I think this idea sounds brilliant. I also think friedcat should comment on it and there should be some kind of vote, unless voting with your BTC is enough.
4) a picture of a hot girl (maybe with red hair)... something that can compete with gox lady with glasses, and this blurry german blondie...
https://twitter.com/Bitcoin24com/status/339859782972354561/photo/1
If ever Friedcat was reading until now, he probably stoped for ever after this 
some things are best kept to ones self...
very very good point... someone just needs to take the initiative. Looks like AM/Friedcat have enough to worry about for now... someone can just set an example and away they go. I would jump on this if I had the skills/resources
I would personally pledge 1 btc towards a fund to produce an official storefront / website. We are shareholders after all, no reason we have to put this burden on friedcat.
I propose we setup an address with John K. to serve as a website fund. We then put out a RFP for one of the many bitcoin enthusiast html geeks to produce an official site endorsed by friedcat.
Features it should have:
1) Hosting of the official shareholder list with tools to make managing share purchases easier for freidcat (i'm thinking an existing shareholder could post his auction and the results could (with approval) transfer share ownership)
2) An official storefront for the masses to purchase upcoming ASIC hardware.
3) A Built in voting mechanism. It should be easier for friedcat to propose something and receive shareholder feedback.
4) ??
If ever Friedcat was reading until now, he probably stoped for ever after this
also, in a side note. I had a dream last night that Friedcat was actually a hot russian woman wearing dungarees and with dyed dark red hair... yeah, welcome to my head. It was strictly business though don't worry.
did (s)he offer you her Multipass?
no she was quite standoffish and cool... business from a distance, with a faceless right hand man. Maybe she was lesbian
Also, I know there are lots of people who would like to become "official" resellers for these products
What's stopping this from happening? Buy bulk orders, let them know what you're doing and establish a relationship so you can get the inventory flow. Set up a nice website and become a retailer.
very very good point... someone just needs to take the initiative. Looks like AM/Friedcat have enough to worry about for now... someone can just set an example and away they go. I would jump on this if I had the skills/resources
Also, I know there are lots of people who would like to become "official" resellers for these products
What's stopping this from happening? Buy bulk orders, let them know what you're doing and establish a relationship so you can get the inventory flow. Set up a nice website and become a retailer.
also, in a side note. I had a dream last night that Friedcat was actually a hot russian woman wearing dungarees and with dyed dark red hair... yeah, welcome to my head. It was strictly business though don't worry.
did (s)he offer you her Multipass?
I continually read great suggestions in this thread for ASICMINERs potential future development.
I wonder if Friedcat or one of his friends actually reads through this evolving discussion.
I often get the impression that he is virtually a one man band, correct me if I'm wrong. I haven't done the "read the whole thread" thing yet...
also, in a side note. I had a dream last night that Friedcat was actually a hot russian woman wearing dungarees and with dyed dark red hair... yeah, welcome to my head. It was strictly business though don't worry.
The ratio reward/effort of having a nice website is huge, literaly. IMHO, most of the hardware sells could be sold slightly higher and/or in greater quantities if there was not the current hassle to get them. So as time is passing and hardware is kept being sold the "cheap" way, AM just loses some additional profit on the way.
Also, I know there are lots of people who would like to become "official" resellers for these products (myself definitely included). The demand is insane. People are willing to pay $400-$500 per USB miner on Ebay (just look at recent sales). With the head start that they have, ASICMiner could become the world leader in ASIC hardware sales and as long as they continue to improve their hardware and stay competitive, profits from hardware sales could be much higher than profits from profits from mining.
Also, thinking longer term, since there are other types of single purpose applications (outside of Bitcoin) that could benefit from ASIC creation, there are opportunities to expand outside of mining and mining equipment sales. Password cracking comes to mind. A USB based password cracker that can smoke a 7970 would be in high demand as well.
Friedcat, we believe in you.
Also, thinking longer term, since there are other types of single purpose applications (outside of Bitcoin) that could benefit from ASIC creation, there are opportunities to expand outside of mining and mining equipment sales. Password cracking comes to mind. A USB based password cracker that can smoke a 7970 would be in high demand as well.
Friedcat, we believe in you.
Guys, there are functioning web pages fort this type of "extended spread sheet" functionality
Let me give ya'll a simple hint: https://btct.co/
Let me give ya'll a simple hint: https://btct.co/
Leaving aside the fact that BTCT can not be used for trading direct shares; we were talking about selling hardware and having a single, consistent place with all the information pertaining to it -- price, inventory, delivery, user guides etc.
I think it's frustrating that vaporware products have a better on-line presence (and marketing) than a company with a proven track record like AM. And if you think "well, they did great like this anyway" -- just think how better they could do with a proper website! Looking at the future, we can not rely on an incompetent competition forever...
Guys, there are functioning web pages fort this type of "extended spread sheet" functionality
Let me give ya'll a simple hint: https://btct.co/
Let me give ya'll a simple hint: https://btct.co/
IMO, AM should sell every single piece of hardware they can before competitors are able to deliver products.
I agree. Just setting-up a professional-looking website, AM could sell astonishing quantities in pre-order for up to one year from here without problem, because their competitors look slower (to say the least
) and because of the incredibly good reputation AM has (justified). I would imagine people canceling BFL order to jump on this.Indeed! Setting up a website would go a long way towards legitimising AM and making it easier for customers to acquire products. Although pre-orders are a bad idea (mostly due to the bad connotation brought by other companies), selling directly from a web-store would certainly translate into more revenue. As a bonus, having a small "news" section would also help de-clutter the forum a bit...
I'm sure there are quite a number of shareholders here with the required skills to provide hosting and development time for this -- myself included. Could a member of the Board discuss this at the next meeting perhaps?
Why do you say hardware sales is a short-term opportunity?
I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
I agree with this. If AM were to focus on hardware sales and put forth some development and marketing towards that (outside of this forum), hardware sales would become the major revenue stream for AM.I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
Just look at some of the competitors who haven't even delivered products. They've raked in plenty of money (and continue to do so). But, they actually have websites and sales departments and systems in place to make sales work well in a longer term context than forum auctions.
IMO, AM should sell every single piece of hardware they can before competitors are able to deliver products.
I agree. Just setting-up a professional-looking website, AM could sell astonishing quantities in pre-order for up to one year from here without problem, because their competitors look slower (to say the least
) and because of the incredibly good reputation AM has (justified). I would imagine people canceling BFL order to jump on this.It would probably bankrupt BFL, because they can't possibly cover cancellations of their entire customer base.
I agree. Just setting-up a professional-looking website, AM could sell astonishing quantities in pre-order for up to one year from here without problem, because their competitors look slower (to say the least ) and because of the incredibly good reputation AM has (justified). I would imagine people canceling BFL order to jump on this.
) and because of the incredibly good reputation AM has (justified). I would imagine people canceling BFL order to jump on this.Please no pre-orders! :S
Pre-orders gone awry can really taint a company's reputation, better to stick with friedcat policy: sell when ready to ship!
Edit: Apart from that, I agree - if it were easier to buy (i.e. didn't require PMing back and forth, organising group buys for hundreds of people, etc.), the hardware would command a higher price!
Why do you say hardware sales is a short-term opportunity?
I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
I agree with this. If AM were to focus on hardware sales and put forth some development and marketing towards that (outside of this forum), hardware sales would become the major revenue stream for AM.I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
Just look at some of the competitors who haven't even delivered products. They've raked in plenty of money (and continue to do so). But, they actually have websites and sales departments and systems in place to make sales work well in a longer term context than forum auctions.
IMO, AM should sell every single piece of hardware they can before competitors are able to deliver products.
I agree. Just setting-up a professional-looking website, AM could sell astonishing quantities in pre-order for up to one year from here without problem, because their competitors look slower (to say the least
) and because of the incredibly good reputation AM has (justified). I would imagine people canceling BFL order to jump on this. Why do you say hardware sales is a short-term opportunity?
I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
I agree with this. If AM were to focus on hardware sales and put forth some development and marketing towards that (outside of this forum), hardware sales would become the major revenue stream for AM.I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
Just look at some of the competitors who haven't even delivered products. They've raked in plenty of money (and continue to do so). But, they actually have websites and sales departments and systems in place to make sales work well in a longer term context than forum auctions.
IMO, AM should sell every single piece of hardware they can before competitors are able to deliver products.
Because a lof of the current dividends is derived from hardware sales, which is a short-term opportunity, the real yield, taking into account the reduced hardware sales over time plus the reinvestment needed for hardware sale plus the halving effect, is far, far lower than you currently see.
Why do you say hardware sales is a short-term opportunity?I would say it's the other way around. Income from mining will not go much above what it is currently, because of the 51% issue. Income from selling mining hardware is still far from saturated. People are bidding up USB miners to +$400 on eBay! The demand is huge and I think it would be a lot more profitable for shareholders if ASICMiner were to focus more on hardware sales now when there is such a large demand to satisfy.
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