Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1158. (Read 3917058 times)

I am just wondering what the goals and plan is, as so many things have changed.  Friedcat said that more would be deployed following this week, and I think a lot of us want to know what the plan is.  

Is it really unreasonable to ask for details on the deployment rates?

Honestly, I'm against a split for now.  Friedcat & co are beyond busy with deployment, sales, and USB-stick development.  They do not and should not have time to worry about this stuff.  I'm also against a split because I like Berkshire's philosophies and do not like weak-hand investors.

That said, it would be trivially easy for someone to set up a split-passthrough.  They could split 1/100 and have 100 of their shares be worth 1 AM share, and divide the dividends accordingly.  They could even make it possible to convert 100 of their shares to 1 AM-PT share on either bitfunder or btct.co.  Better yet, if they charge a reasonably small fee(0.5% or less), it would be profitable for them.

So someone should read this message and go set it up right now.

My initial split suggestion was at 1/4, which would put current trades in USD at around $45, so well within that limit.

Pending further community discussion, I'll keep thinking, but I'm leaning towards that a fund-type security may be a good idea. It won't affect AM at all, nor require anything from friedcat (except maybe transfers of underlying shares to escrow or operator), and it will give more liquidity to investors.

.b

I like this business, so have bought some shares recently, but it would seem a good idea to at least have a better place to clearly communicate the separate issues all being discussed in one large thread here, which include:

- Deployment rates of own mining
- Sales of chips/sticks (incl. auctions)
- Dividends and financial results
- Other issues

ASICMiner is a $50m business at current market capitalisation afterall

For those scanning but not clicking links- New auction up, 50 blades this time for a total of 0.5TH/s.

48 hour auction.

Get ready for a wild ride.

Agreed.

Splits are also because of reasons of psychology. History shows that smaller investors view stocks under $10 as being 'weak' and stocks over $100 as being 'overpriced', hence why firms historically have split or consolidated shares to stay in that range.

https://bitcointalksearch.org/topic/asicminer-auction-50-block-erupter-blades-check-op-for-payment-189248

 

Friedcat & co own more of AM than all of us put together.  They have all the motivation in the world to deploy as fast as is safely possible.  You and everyone else here armchair-speculating about their activities and second-guessing the roadblocks and speed they have helps NO ONE.

It is pretty obvious that Friedcat believes that 7.5 TH/s is a reasonable estimate for the fastest they can possibly deploy.  If he could go faster, do you not think that he would?  7.5 TH/s is *750* hashing boards that have to be mounted, powered up, firmware-flashed, pointed to the pool and debugged.  If the racks aren't fully in place, that's ~37 racks that have to be built.  And that isn't even talking about cooling.  At least one in 100 is going to have a short that requires diagnostics.  "Plan for more next week?"  lol.  Give him a fucking break.  I highly doubt any of them plan to do anything except 15 hour days 7 days a week for the next MONTH.  Honestly I'd rather them slow it down a little bit as needed because tired people make mistakes, and mistakes could cost thousands.

As far as the other people asking what happened to the other ~5.8 TH/s from the original 12, they ran into power issues.  Powering 750 hashing boards is no easy feat.  They had timed the expansion of their power capacity with the delivery of the next 50 TH/s, rather perfectly I might add.  So now they both have more power and they have the 50TH/s.  So theoretically they can bring online 55.7 TH/s now, although we are selling so it won't be quite that much.

/rant

8.2

Since we already had 7.5 TH/s deployed, it seems like you are deploying 7.5 TH/s this week.  Is that the weekly goal for deployment, 7.5 TH/s?  Or do you plan more for next week?

The 15TH/s is just the following one week's schedule.

Some of the rest hashpower will be sold, some of them will be deployed in the weeks following the next week. The larger portion of them will still be deployed by ourselves.

yeah, you are right.  It is just my opinion.  That being said, I don't think these shallow dips we see every week affect the long-term viability of AM.  And truth be told, selling for 1.1, or whatever it currently is, is a great price for most of us around here.

Dont forget, the sun is shining in some places. It might also rain. Or, someone is watching a bad movie. 

I think the price will dip.  Watch for it to go into the 80's this weekend.  There are people buying, but the bid offers are pretty thin, and there are some decent ceilings, so I think the price will drop over the weekend.

I agree with you.  I think this is the most important thing right now.  While I am excited about the 15 TH/s coming online, I would like to know more details about all of the other TH/s that should be in deployment right now.  

What is the deployment schedule?  Do we have some realistic target dates?  Does the fact that BFL is shipping change the plans at all?

I have lots of questions, and I hope friedcat finds some time to lay it out in more detail for us.

Yes I did sell my shares, and I would considering buying again at lower prices. However, I have no illusions that the rabid AM masses will let that happen at a sensible price any time soon.

Mostly I'm asking the same thing I asked repeatedly before I sold:
Where the f$@# is all the hashing they promised?

This question should be MORE important to shareholders, so please quit trying to paint me as a manipulator. I am still an investor in bitcoin and watch many things I don't have stake in.

I'd set it up for a few more shares... 

Can't be that hard, to open up a neat official shopping/info homepage (for a couple of coins?) these days.

Good stuff!

I'd love cheap shares of AM, but he does have a point about the slow deployment.

First things, first.  Let's get through that 800+ share ceiling on Bitfunder...

I agree with this.  We need a central site/place/thread with just announcements from Friedcat, especially for newcomers.  It would be nice to get more detailed updates as well, but even just an organized place for the updates would be wonderful.