is there a list about shareholders? i mean the addresses that holds x amount of shares.
since GLBSE is closed how this is managed?
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1247. (Read 3917058 times)
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.
Steve Jobs never believed in dividends and thought investors who chased those were idiots, and didn't want idiots investing in his company. Most of the best businessmen in history believe(d) only idiots chased dividends as well, including Warren Buffet, although its uniquely Steve Jobs that only wanted smart people investing in his company.
Buffet likes stockholder friendly companies that use excessive cash flow to pay a dividend. If the company can invest it better than the shareholder (many companies think that, most just destroy value) they shouldn't pay dividends but instead invest the money, because this would bring maximum return for the shareholder. This is why BRK does not pay a dividend. Buffet think he can invest the money better than his shareholders (BRK is an (re)insurer/investment-firm conglomerate for crying out loud, although imo they should probably let others lead the reinsurance business).
TLDR: Dividends are generally nice.
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.
Steve Jobs never believed in dividends and thought investors who chased those were idiots, and didn't want idiots investing in his company. Most of the best businessmen in history believe(d) only idiots chased dividends as well, including Warren Buffet, although its uniquely Steve Jobs that only wanted smart people investing in his company.
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.
Oh, they sure are niiice. Best companies in the world gives heavily under 10% dividend yield / year. Asicminer just made 25% in a week, in BTC. I know this wont last forever, but prospects are quite awesome. If BTC price keeps climbing, the expenses / dev costs drop dramatically. Then to the shovel selling business. If all this translates into a well established company, that dividend yield difference will translate to a higher stock price by the markets, then... wowza.
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
I agree with this. This is the first company in Bitcoin history where it could have never issued dividends, and we'd be buying it based on earnings reports and asset valuations. This is a pretty big deal, imo.
Even though you get less dividends you still have a share of the company so any retained earnings invested in expansion adds value for shareholders.
Dividends arent the main game.
Dividends arent the main game.
The dividends may not half if ASICMINER deploys more machines , but at the current hashpower + difficulty yes the dividends will hash. The question is more of, in the future what will the ASIC market be?
Anyway, if you have ASICMINER shares, exchange them for BTCINVEST bonds! Your ASICMINER shares will be added to the btcinvest fund, and the dividends will of course be paid to shareholders (including you), while you benefit from diversification.
I will offer (not binding) 5 BTCINVEST bonds per ASICMINER share. PM if interested.
Anyway, if you have ASICMINER shares, exchange them for BTCINVEST bonds! Your ASICMINER shares will be added to the btcinvest fund, and the dividends will of course be paid to shareholders (including you), while you benefit from diversification.
I will offer (not binding) 5 BTCINVEST bonds per ASICMINER share. PM if interested.
The future market of asicminer is already planned. Its selling asics. Once mining alone isnt a so big cash cow...
Sorry, i wont give my shares away that give me fine dividends. I dont see a reason to risk this.
The dividends may not half if ASICMINER deploys more machines , but at the current hashpower + difficulty yes the dividends will hash. The question is more of, in the future what will the ASIC market be?
Anyway, if you have ASICMINER shares, exchange them for BTCINVEST bonds! Your ASICMINER shares will be added to the btcinvest fund, and the dividends will of course be paid to shareholders (including you), while you benefit from diversification.
I will offer (not binding) 5 BTCINVEST bonds per ASICMINER share. PM if interested.
Anyway, if you have ASICMINER shares, exchange them for BTCINVEST bonds! Your ASICMINER shares will be added to the btcinvest fund, and the dividends will of course be paid to shareholders (including you), while you benefit from diversification.
I will offer (not binding) 5 BTCINVEST bonds per ASICMINER share. PM if interested.
It won't go on for 52 weeks of the year, not at this rate anyway.
According to the initial terms of the IPO posted on page 1 of this thread the dividends will only be this high until the original 0.1 BTC (the principal) has been repaid.
After that it will all change as the company will need to fund future operations and further invest in itself in order to grow.
So don't expect this every week, not after the first 0.1 BTC per share has been paid out in dividends.
I believe this is partially why some people are starting to sell off their shares en masse. Coupled with the lack of a trading platform this is going to cause problems for some investors. People are paying around 0.5 BTC per share right now but once the dividend drops I suspect the price of these shares will normalise.
I still believe an alternate trading patform like BTCT would have (and could still be) good enough for the interim. These shares could have been trading for months prior to the migration to the proprietary platform.
According to the initial terms of the IPO posted on page 1 of this thread the dividends will only be this high until the original 0.1 BTC (the principal) has been repaid.
After that it will all change as the company will need to fund future operations and further invest in itself in order to grow.
So don't expect this every week, not after the first 0.1 BTC per share has been paid out in dividends.
I believe this is partially why some people are starting to sell off their shares en masse. Coupled with the lack of a trading platform this is going to cause problems for some investors. People are paying around 0.5 BTC per share right now but once the dividend drops I suspect the price of these shares will normalise.
I still believe an alternate trading patform like BTCT would have (and could still be) good enough for the interim. These shares could have been trading for months prior to the migration to the proprietary platform.
Youre right with the principal. I forgot about this. But even then the dividends only should halve isnt it? The money needed to buy more asics probably too less to make a big difference so only the shares owned by the company will start earning dividends too. (Or did they already?)
Anyway... the principal is an effect to lower it, another might be upcoming competition. But against these factors there is, like matauc said, that we now only mine with 5TH/s and got these dividends with it. But there are asics for 57TH/s available (now or in some days). That means nearly 11 times the income. So as long as competition doesnt hit hard... you would need to beat me really hard to get me to sell my shares...
In fact the prices nowadays are way way to undervalued in my opinion. Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
Wow, it is perfect! These chips can be overclock significantly, if put them in refrigerator? Frequency doubling makes profitable use of the refrigerator IMHO )
Thanks friedcat for adressing the speed of deployment. Good to see that you thought this all through. And thanks a lot for the dividends...
I see 0.02354455 BTC per share. If it goes on 52 weeks the win per year would be 1224.3166 percent... In case it goes on this way. In fact competition can come to lower the revenue and friedcat can make more asics online which would higher the revenue. So there is a possibility in both directions of income development.
What i want to say is... websites are sold for the win they make in a year. So when one share here makes a win of 1.2243166 per year than all the sold shares are highly undervalued now. But that was part of the game when selling before the first dividend came in.
I bought my shares for $1567.504 once and now got a payment worth $1010.41. Im very happy... and thats one week only... im very lucky i invested. And even though i didnt like to watch the thread anymore because of the slow speed of deployment im happy that friedcat addressed this and it sounds like he will find a solution.
I see 0.02354455 BTC per share. If it goes on 52 weeks the win per year would be 1224.3166 percent... In case it goes on this way. In fact competition can come to lower the revenue and friedcat can make more asics online which would higher the revenue. So there is a possibility in both directions of income development.
What i want to say is... websites are sold for the win they make in a year. So when one share here makes a win of 1.2243166 per year than all the sold shares are highly undervalued now. But that was part of the game when selling before the first dividend came in.
I bought my shares for $1567.504 once and now got a payment worth $1010.41. Im very happy... and thats one week only... im very lucky i invested. And even though i didnt like to watch the thread anymore because of the slow speed of deployment im happy that friedcat addressed this and it sounds like he will find a solution.
It won't go on for 52 weeks of the year, not at this rate anyway.
According to the initial terms of the IPO posted on page 1 of this thread the dividends will only be this high until the original 0.1 BTC (the principal) has been repaid.
Quote
After the fully issuing of ASICMINER shares, each one of ASICMINER and Bitfountain controls 50% power to make decisions and shares 50% of the total profits, but the ASICMINER investors will first get 100% of the total profits until they have their principals paid back.
After that it will all change as the company will need to fund future operations and further invest in itself in order to grow.
So don't expect this every week, not after the first 0.1 BTC per share has been paid out in dividends.
I believe this is partially why some people are starting to sell off their shares en masse. Coupled with the lack of a trading platform this is going to cause problems for some investors. People are paying around 0.5 BTC per share right now but once the dividend drops I suspect the price of these shares will normalise.
I still believe an alternate trading patform like BTCT would have (and could still be) good enough for the interim. These shares could have been trading for months prior to the migration to the proprietary platform.
Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
Wow, it is perfect! These chips can be overclock significantly, if put them in refrigerator? Frequency doubling makes profitable use of the refrigerator IMHO )
Thanks friedcat for adressing the speed of deployment. Good to see that you thought this all through. And thanks a lot for the dividends...
I see 0.02354455 BTC per share. If it goes on 52 weeks the win per year would be 1224.3166 percent... In case it goes on this way. In fact competition can come to lower the revenue and friedcat can make more asics online which would higher the revenue. So there is a possibility in both directions of income development.
What i want to say is... websites are sold for the win they make in a year. So when one share here makes a win of 1.2243166 per year than all the sold shares are highly undervalued now. But that was part of the game when selling before the first dividend came in.
I bought my shares for $1567.504 once and now got a payment worth $1010.41. Im very happy... and thats one week only... im very lucky i invested. And even though i didnt like to watch the thread anymore because of the slow speed of deployment im happy that friedcat addressed this and it sounds like he will find a solution.
I see 0.02354455 BTC per share. If it goes on 52 weeks the win per year would be 1224.3166 percent... In case it goes on this way. In fact competition can come to lower the revenue and friedcat can make more asics online which would higher the revenue. So there is a possibility in both directions of income development.
What i want to say is... websites are sold for the win they make in a year. So when one share here makes a win of 1.2243166 per year than all the sold shares are highly undervalued now. But that was part of the game when selling before the first dividend came in.
I bought my shares for $1567.504 once and now got a payment worth $1010.41. Im very happy... and thats one week only... im very lucky i invested. And even though i didnt like to watch the thread anymore because of the slow speed of deployment im happy that friedcat addressed this and it sounds like he will find a solution.
It won't go on for 52 weeks of the year, not at this rate anyway.
According to the initial terms of the IPO posted on page 1 of this thread the dividends will only be this high until the original 0.1 BTC (the principal) has been repaid.
Quote
After the fully issuing of ASICMINER shares, each one of ASICMINER and Bitfountain controls 50% power to make decisions and shares 50% of the total profits, but the ASICMINER investors will first get 100% of the total profits until they have their principals paid back.
After that it will all change as the company will need to fund future operations and further invest in itself in order to grow.
So don't expect this every week, not after the first 0.1 BTC per share has been paid out in dividends.
I believe this is partially why some people are starting to sell off their shares en masse. Coupled with the lack of a trading platform this is going to cause problems for some investors. People are paying around 0.5 BTC per share right now but once the dividend drops I suspect the price of these shares will normalise.
I still believe an alternate trading patform like BTCT would have (and could still be) good enough for the interim. These shares could have been trading for months prior to the migration to the proprietary platform.
BUYING 90 ASICMINER shares for 0.45 BTC each.
If we are announcing here, I'm buying 10 for .47 each.
Mostly trading in the auction section of this board, and #bitcoin-otc on IRC. Jutarul just posted a thread where he is selling them for a set price of BTC0.5 per share. I purchased shares from him at that price fairly recently, and can't imagine I will be complaining.
BUYING 90 ASICMINER shares for 0.45 BTC each.
If we are announcing here, I'm buying 10 for .47 each.
BUYING 90 ASICMINER shares for 0.45 BTC each.
If we are announcing here, I'm buying 10 for .47 each.
Nope, this isn't an auction thread. You guys should just buy from Jutarul.
But I'm buying it for 0.45 bitcoins each. Anyway, there is now a unified orderbook so let's keep this thread on asicminer.
Update
Sorry for the delay in my awakening. Doing management on troubleshooting all day.
This update is sketchy but I will try making contact more frequently than once a week whenever I have time.
Deploying
The speed of current deploying is indeed a concern, especially in this high time that both price and hashrates seem to be on an uptrend. We are as eager as every shareholder else.
The first batch is more or less a prototype for the second one, so the deploying process is also the period we are finding the right solution to large-scale mining farms. In this batch the work is split as follows:
Factories:
Wafer production, Slicing and packaging, PCB production, PCB assembly, Delivery.
Inhouse by us and our partners/employees/temps:
Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.
For the next batch, things will be much more smooth and automatic because the work will be like:
Factories:
Wafer production, Slicing and packaging, PCB production, PCB assembly, Wiring, Subrack and rack assembly.
Inhouse by us and our partners/employees/temps:
Cabling for the power supply, System managing.
The deploying of the next batch will be boosted with their "normal speed" as well, since most of the factories which had been at hibernation during the long vacation are fully functional now. We are also building a team, preparing for the real scaled deploying.
Financials
(This is brief and imprecise, to be replaced by a spreadsheet)
Assets
Fiat balance: ~86,000 rmb
Creditor's rights: 1066.71 btc + interest
Fixed assets: ~1,420,000 rmb
Liabilities
Non urgent private loan: 150,000 rmb + interest, due: July 2013
Non urgent bank loan: 120,000 rmb + interest, due: post 2013
Non urgent private loan: 90,000 rmb, due: July 2013
Platform
Sorry because many shareholders and potential shareholders want more liquidity than what are currently on the auction board. But currently there are only limited manhours allocated on it and safety/bugfree guarantee is more important than in-time online. On the other hand, the time does not allow us to explore and investigate existing platforms for a temporary place. The new platform is kind of innovative and is very interesting in its own right, but the status quo may last for a while.
The market will find a way to increase liquidity by other financial mechanisms, we have no way to stop them. But from our side, we are only responsible for our direct shareholders (who really hold ASICMINER shares, not derivatives of any form).
Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
I thought the platform was developed by a 3rd party? Sorry for the delay in my awakening. Doing management on troubleshooting all day.
This update is sketchy but I will try making contact more frequently than once a week whenever I have time.
Deploying
The speed of current deploying is indeed a concern, especially in this high time that both price and hashrates seem to be on an uptrend. We are as eager as every shareholder else.
The first batch is more or less a prototype for the second one, so the deploying process is also the period we are finding the right solution to large-scale mining farms. In this batch the work is split as follows:
Factories:
Wafer production, Slicing and packaging, PCB production, PCB assembly, Delivery.
Inhouse by us and our partners/employees/temps:
Cabling for the power supply (double to triple digit kW needs special modification of the cable system), Wiring solution, Heat dissipation solution, Subrack and rack assembly, Network and firmware/software solution, System managing.
For the next batch, things will be much more smooth and automatic because the work will be like:
Factories:
Wafer production, Slicing and packaging, PCB production, PCB assembly, Wiring, Subrack and rack assembly.
Inhouse by us and our partners/employees/temps:
Cabling for the power supply, System managing.
The deploying of the next batch will be boosted with their "normal speed" as well, since most of the factories which had been at hibernation during the long vacation are fully functional now. We are also building a team, preparing for the real scaled deploying.
Financials
(This is brief and imprecise, to be replaced by a spreadsheet)
Assets
Fiat balance: ~86,000 rmb
Creditor's rights: 1066.71 btc + interest
Fixed assets: ~1,420,000 rmb
Liabilities
Non urgent private loan: 150,000 rmb + interest, due: July 2013
Non urgent bank loan: 120,000 rmb + interest, due: post 2013
Non urgent private loan: 90,000 rmb, due: July 2013
Platform
Sorry because many shareholders and potential shareholders want more liquidity than what are currently on the auction board. But currently there are only limited manhours allocated on it and safety/bugfree guarantee is more important than in-time online. On the other hand, the time does not allow us to explore and investigate existing platforms for a temporary place. The new platform is kind of innovative and is very interesting in its own right, but the status quo may last for a while.
The market will find a way to increase liquidity by other financial mechanisms, we have no way to stop them. But from our side, we are only responsible for our direct shareholders (who really hold ASICMINER shares, not derivatives of any form).
Power consumption
On our final products our chip consumes 6-8 watts/G on rated depending on temperature and voltage. After reviewing and comparison it turns out that our result is already very good with standard cell based design and 130nm tech.
BUYING 90 ASICMINER shares for 0.45 BTC each.
If we are announcing here, I'm buying 10 for .47 each.
Nope, this isn't an auction thread. You guys should just buy from Jutarul.
https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-148198
BUYING 90 ASICMINER shares for 0.45 BTC each.
If we are announcing here, I'm buying 10 for .47 each.
Nope, this isn't an auction thread. You guys should just buy from Jutarul.
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