Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1169. (Read 3917058 times)

Possibly stupid question. If I buy ASICMINER PT NOW (2.40 pm central time) as of writing of this post. Will I get dividends that are paid out today?

You and 10,000 others, and people still wondering why AM shares is at $1.1? it's still highly undervalued imho.

Testing if I can post outside the newb section yet, I am definitely interested in buying a few of these.

Update

Deploying
At the same time waiting for the new place's power supply system and our second batch's assembly, we have tested the fully enclosed rack approach, which turned out to be denser and has better cooling over the devices.

The projected earliest date to start installing new hardware and releasing brand new hashrates is 22th this month. The whole deploying process will take at least two weeks, with the final hashrate decided by how much we are going to sell to consumers and how much we will keep for ourselves.

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

Financials and Business Plan
We are always aware of the openness and transparency of how we operate. We keep almost if not all the agreements, trading receipts and bank/exchange records, which could be used for restoring a full history of financial report when put in the hands of an accountant with some knowledge of Bitcoin and some of our help. Sooner or later it has to be done, and most likely it would be in the period between the next batch and later batches, during which we will expand our core team with both technical and financial people.

We will start a google-doc-based business plan for us and all board members to edit and update. I will make a stub version as a basis for extending and modifying first this week.

First sold ASICMINER blades arrived!

ASICMINER Auction: 10 Block Erupter Blades -Post #490

They are not completed yet

couldn't find where I could order / preorder one of these or equipment did i miss a link?

Update

Deploying
At the same time waiting for the new place's power supply system and our second batch's assembly, we have tested the fully enclosed rack approach, which turned out to be denser and has better cooling over the devices.

The projected earliest date to start installing new hardware and releasing brand new hashrates is 22th this month. The whole deploying process will take at least two weeks, with the final hashrate decided by how much we are going to sell to consumers and how much we will keep for ourselves.

Device Selling
Apart from the same boards we use for mining, we also have an adapted version of the mini boards which we used at early January for our first arrived chips that are nice as small gifts. Here is a picture of a not-yet-assembled one with 300MH/s. It can be powered by merely the USB port:



Since the most important mission of ASICMINER is the maximization of profits for shareholders and the security of the network (hashrates should be in hand of good people and decentralization has to be preserved), we will balance the ratio of kept and distributed hashrates based on our portion and the market price of devices.

Financials and Business Plan
We are always aware of the openness and transparency of how we operate. We keep almost if not all the agreements, trading receipts and bank/exchange records, which could be used for restoring a full history of financial report when put in the hands of an accountant with some knowledge of Bitcoin and some of our help. Sooner or later it has to be done, and most likely it would be in the period between the next batch and later batches, during which we will expand our core team with both technical and financial people.

We will start a google-doc-based business plan for us and all board members to edit and update. I will make a stub version as a basis for extending and modifying first this week.

No, we can't. That's the fallacy of democracy, that more people are more right than one. There's a reason the most effective entities in the world are not democratic; it simply slows everything down and kills efficiency.

If you do not trust the people you give your money, then you may very well be in the wrong line of money management.

.b

We can collectively be Steve Ballmer here.  Just sayin...  I bought my shares to have the interest enough to at least point out the obvious.

This thread is not the place.  Its already clogged up with too much commentary, making it very difficult to follow actual asicminer project developements.

The following auctions of blades will be after the collection of the feedback and (possibly) the modification and improvement of the design/manufacturing. But before that there will be auctions of USB sticks as soon as they are available. Shipping will also be immediate.

The users of the first round of auction are granted a free upgrade option to the blades of the improved design with the timescale the same as the free replacement warranty.

I didn't buy shares in a company to run it. I buy shares in a company because I trust the management to care for my interest in the same way their decisions would care for their interest.

As such, I do not feel obliged to critique the week-by-week operation of AM by friedcat any more than I would critique the week-by-week operation of Microsoft by Steve Ballmer.

.b

So, no flooding the market with erupter blades. That's good, I think.

It wasn't my intent to sound completely bonkers.  My main intent was to draw attention to the fact that 10 blades a week doesn't sell the 200 TH worth of hardware quickly enough.  And if, there cannot be more sales than that a week, then we just need to be thinking up creative ways to get the hardware into the world.  I agree that chaos would ensue if we tried to set up groups of shareholders; so shall we instead settle upon disposal at an arbitrary price, or trickle the hardware out in weekly lots of ten blades? 

The following auctions of blades will be after the collection of the feedback and (possibly) the modification and improvement of the design/manufacturing. But before that there will be auctions of USB sticks as soon as they are available. Shipping will also be immediate.

The users of the first round of auction are granted a free upgrade option to the blades of the improved design with the timescale the same as the free replacement warranty.

This is at best throwing money out the window and at worst completely bonkers. A shareholders group would have no idea how to run a stable mining operation and the mere discussion of such an option would take months during which time we'd lose a truckload of money, and by that I mean a big, big truck, one of those massive Australian ones with 5 or 6 trailers. Carrying bits.

Selling hardware that cannot be used immediately realizes a huge part of their potential earnings at no cost and instantly, and considering the relative short lifespan of these units, it would be much better to get them in the hands of customers so the customers get as much value as possible before the relative value falls too.

.b