Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1094. (Read 3917568 times)

Thanks for clarifying the company's position if the company ever finds other investments and is willing to take on that risk, I will be watching it as well

That attitude is perfectly aligned with the halving in 2016, but sadly, it means that people that buy in now will not recouperate their investments unless AM has a significantly higher share of the network than they expect.

.b

 funny how different people can think about dividends I see asicminer and BTC as a 3 year deal. when the halfing comes I expect  btc to die. I don't foresee a 10 or 20 year plan.  I call it a golden goose. I think the goose will be dead in 3 to 5 years. This is due to the 50 percent now 25 percent of the coins means only 25 percent left in 2016.

  lets say AM stays in the 20 to 25% share of the total hash. so 2016 25% of the coins left then 2018 12.5%.  I can not see mining being the push to this market.  I also can't see normal big business allowing btc to grow to 1000usd a coin.  I think of this as a dwindling resource that I am getting a small piece of it. Cutting dividends would be like hoarding the golden eggs of our goose.  I am happy that the 'cat' is doing what he is doing.  I intend to enjoy yhe ride for 2 to 4 years.

Oh friedcat, if you're still there.

Do you have any news you can reveal about the blade sales? Or is it something we'll have to estimate ourselves based on ongoing dividends? (seeing as mining income is currently well-predicted thanks to SmiGueL's graphs)

Yes, thanks for addressing this point. It's what I was expecting you to say. Existing and prospective investors in ASICMINER can make their investment decisions based on the premise that ASICMINER will run in its current form for the foreseeable future, and that earnings are only retained insofar as they are needed for the company's own current and planned operations.

 thank you for this policy.

also thank you for making an effort to care for and feed the golden goose instead of killing it off.

and finally thank you for allowing us to earn  some of those nice golden eggs.

Thanks for the clarification and update.

As one of the critics of the dividend policy, I would like to stress that I am still bullish about ASICMiner, but that I think a more modest dividend policy would benefit the company better in the long term. In the short term, high (and incredible) dividends drive share prices up on expectation of future dividends to a point where early investors will have no way of exceeding their yield from sale through dividend.

A hard correction, regardless of how fair in terms of stock trading, will taint the stock and company and can make it difficult to secure trust in the share. Volatility is good for gamblers, not so much for investors.

At this point, if you stick with your expectations of getting 10% of the hashing network on average over the next 3.5 years, the real yield is around 5% per year where most people see ten times as much in a short period and buy based on that.

As far as I can see, there have been no fundamental changes in your company that would warrant a 50% increase in company value over the previous week. I believe the market would calm down if you were to publish those previously announced financial reports so that we have better insight into earnings and capacity for future earnings and sales.

.b

We mean pay them to the shareholders and let them have the total control.

How will you be taking in input? Will it be through an email based vote per share? Will it be by boardmembers?

OMG!! MUST BUY MOAR SHARES!!

Update

The mass production of Block Erupter USB is to be done today. Busy testing and packaging will start.

About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved. Bitcoin is already an investment itself having a great potential. Any investment, no matter how profitable, based on "turning Bitcoins to fiat first" requires double consideration. We can invest the RMBs to bonds and they are almost bound to be more profitable than just holding the RMBs, but we can never say the same to Bitcoins.

So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company. The shareholders of ASICMINER are in principle not supposed to bear the new different risks on doing other business than Bitfountain's. So if there are new investments, they will be as new adventures, in new collaboration structures, and after a significant period of time since ASICMINER is always the most important job for us to do before the company could gradually run itself with a little less founder involvement.

AGW has not made it out beta yet (temps are not rising) .... 

Global warming 2.0?

sterling engine , anyone?

Bitcoin the worlds first money generating heater get warmed up and get a bit of a rebate on electricity XD

Water is not the only thing that needs to be heated. Sometimes people want to heat just a small part of their room (instead of heating the whole house).

Also, instead of disseminating the heat, theoretically mining device could convert it back to electricity. If I get it right, any contrast in temperature can be used to generate electricity. Not sure how efficient it would be though.

Good idea... i guess the heat problem is a problem that wont be solved in the near future... so it looks like this thing can happen. One should calculate this through... of course... heating water with electricity is only in few countries commong. For example norway because of their cheap water power. But it would be a market if you can tell the buyers... "You pay X more and will earn XX more each year with it". The profitability doesnt need to be near that that miner investors look at. Normal persons will be happy with a 10% annual revenue.

I agree that the window of super-profitable mining is closing. I think Gavin mentioned a good idea in his recent interview. He said that maybe in future there will be water heaters that mine bitcoins.

I think ASICMINER could develop such devices. The heat they generate would be useful.

And it would spread adoption of bitcoin too.

Just imagine, common people (non-geeks) would go to common shop and buy heating devices that subsidize the cost of heat (or even earn money if BTC rate goes up). I think this is a very promising market, very useful for bitcoiners and others too.

Yes... its important. AM is now so big... one could say AM is 30% of whole bitcoin. That means AM needs to think about ideas how to ensure that bitcoin will live long. Such ideas are going in this direction...

There's no way to say what specs, costs, or mining difficulty cocktail allows this to work yet. It's just a fun idea to toss around for now. If bitcoin lasts for many years, you'll see innovative ideas like this come to fruition.

Or, better yet, if people keep coming up with innovative ideas and investing them (ASICMINER), then it's possible you can build an economy around bitcoin to get us to the future faster