Please stay tuned for the *really* good news since our chips arrived.
There's no urgency about getting this good news out is there ?
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1276. (Read 3917029 times)
February 12, 2013, 04:02:30 PM
There's no urgency about getting this good news out is there ?
February 12, 2013, 03:59:10 PM
There's a miner with 800GH/s on BTCGuild. Has ASICMiner started hashing? Source: https://bitcointalksearch.org/topic/m.1522013
February 12, 2013, 03:23:03 PM
I assumed good news would rain being well into the revised timeline.
And before someone says it, yeah, I'd rather have the 5minutes update than the 5minutes working at this.
And I am an advocate of "who cares, it will come when it will come". But I don't know, at one point kinda wanna know what's up. Being late in the revised timeline.
And before someone says it, yeah, I'd rather have the 5minutes update than the 5minutes working at this.
And I am an advocate of "who cares, it will come when it will come". But I don't know, at one point kinda wanna know what's up. Being late in the revised timeline.
February 11, 2013, 05:40:43 PM
I would love to buy a few shares of ASICMining. Any idea of when the exchange will open?
Check the auctions forum, theres at least two open auctions for asicminer shares, including one guy selling 5000 in blocks of 100.
I'm more modest, I'm looking to buy only 50
I'll sell you 50 of my shares. PM me if you're interested :]
February 11, 2013, 12:41:12 PM
I would love to buy a few shares of ASICMining. Any idea of when the exchange will open?
Check the auctions forum, theres at least two open auctions for asicminer shares, including one guy selling 5000 in blocks of 100.
I'm more modest, I'm looking to buy only 50
February 11, 2013, 12:09:51 PM
I would love to buy a few shares of ASICMining. Any idea of when the exchange will open?
Check the auctions forum, theres at least two open auctions for asicminer shares, including one guy selling 5000 in blocks of 100.
February 11, 2013, 10:29:14 AM
I would love to buy a few shares of ASICMining. Any idea of when the exchange will open?
February 10, 2013, 08:14:13 PM
Happy Chinese new year. The year of the snake will bite as usual.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
*Puts seatbelt on*
February 10, 2013, 10:38:22 AM
where can one get asicminer share these days
You have to wait for the exchange to open.
If you want to secure some shares before the exchange opens, take a look at the auction sub-forum. There are at least 3 active ASICMINER auctions.
February 10, 2013, 07:07:11 AM
Happy Chinese new year. The year of the snake will bite as usual.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
I find it funny that asicminer will have its entire hashing power online before Avalon customers do. I thought Avalon had beaten asicminer, but I guess not. Hurray.
Are we really that close to start hashing? I cant stand the excitement!!!
February 10, 2013, 05:41:44 AM
where can one get asicminer share these days
You have to wait for the exchange to open.
February 10, 2013, 05:30:03 AM
where can one get asicminer share these days
February 10, 2013, 04:51:05 AM
Happy Chinese new year. The year of the snake will bite as usual.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
I find it funny that asicminer will have its entire hashing power online before Avalon customers do. I thought Avalon had beaten asicminer, but I guess not. Hurray.
February 10, 2013, 03:30:07 AM
Happy Chinese new year. The year of the snake will bite as usual.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
Luckily friedcat et al. have prepared some antivenom for us. May the hashing commence.
February 09, 2013, 08:14:59 PM
Peeping over one of our subracks:
What, no fans? These ASICS need moar fans. Everyone knows ASICS use lots of fans.
Check out my operation, IceASIC Inc:
February 09, 2013, 06:42:26 PM
Peeping over one of our subracks:
What, no fans? These ASICS need moar fans. Everyone knows ASICS use lots of fans.
Check out my operation, IceASIC Inc:
February 09, 2013, 06:41:29 PM
The only venue that those extra shares doesn't benefit shareholders is if bitfountain pockets them and that's the end of it. Where the operation and R&D cost would be full cost and no extra dividends (if it would have been redistributed, which has been implied that it is not the plan).
Ok, thanks. That gives me a little more clarity about if retained shares earn dividends and for what purpose the proceeds would be used.
Let's hope "implied" as you said is the real deal. And that %12 of shares could equate to a very large amount of money. I will raise an eyebrow if dividends are suspended.
I'll just concede in regards to the 50/50 matter.
February 09, 2013, 06:16:59 PM
I agree on both points. Even though I don't think RE has all of the same kind of implications when ASICMiner isn't a true equity stake.
And the faster payback point will be so temporary that's not my concern at all.
And I don't care to get in to conversations about stock valuations based on increased assets due to RE.
My point, which was sidestepped with this RE tangent, is that was the IPO written in such a way to imply that exactly half of the company would be sold to the public?
So, shareholders fund the entire startup costs of the company and end up with 38% 'ownership.' It was exactly this point, what is ASICMiner's % of the company, that was debated in some detail when ASICMiner announced the IPO.
In my mind that was the expectation set. Whether or not it happened immediately after IPO or eventually as more buyers appeared.
Of course, there are no rules to prevent a 'best effort' IPO with unsold shares retained by the issuer. But with this 50/50 ownership thing in mind what is right? Jacking up RE or selling off the 12% of shares?
Anyway, it's a pretty pointless discussion. We know the likely answer is RE instead of selling off the remainder of what was offered at IPO.
Interesting, I was approaching the valuation from the other side. The principals in this company have put in the same effort that they would have if they had been funded 100% to plan, but they only attained 76% of the intended capital because of circumstances beyond their control. This means that ASICMiner (not the parent) retains ownership of those shares (which will not get dividends), and they could release them to raise additional funding if desired/needed, but that would dilute the dividend value of our shares so I'm not for it unless the benefit will outweigh the dilution.
I'm curious why you think it matters if they have 50% or 62%, it's not like a hostile takeover was likely to work without a lot of lawyers.
Hmm. The spirit of the initial discussion around the IPO, IIRC, what % would be available to the public in exchange for financing. Me bringing this point up again has little to do with take-overs, or wanting to buy that 12% cheaply as Sabastian accused me of.
Since ASICMiner is in a fortunate position to have an extra 12% of shares what are they being used for?
Are they being retained and not receiving dividends?
If what you say is correct, and if it is I completely agree with your point of view, that dividends will be distributed to a smaller number of shares - GREAT!
If not and these shares receive dividends where is this money going? Re-investment? Ok, good. Not a bad thing at all. But if they take dividends of 12% of shares for OpEx and R/D, but then down the road say 'Hey, we don't have enough money we need to withhold dividends to gain capital,' well, wouldn't that be crap. A pretty good reason to cry foul.
If you look at Jatarul's comments below it leaves me in a confused state as to whether or not shares are retained, earn dividends and if those dividends are used for re-investment.
Might as well hold off on issuing the rest of the shares till more funds are needed for expansion? I'm assuming the entire batch of chips/materials ordered were already funded - so any additional funding would not be in the best interest of ASICMINER Shareholders?
It has been confirmed that there is currently no plan to issue them....And the "option" the reissue them has no effect on ownership or dividends since its 1/400000 either way. The only reason to sell them would be for quick capital.
Since it was agreed upon by us that it was split 1/400000, there is not much to argue about here, but IMO, those unsold shares should be a direct fund for operation cost. Which, I believe is fair to all shareholders, as opposed to some alternatives.
The only venue that those extra shares doesn't benefit shareholders is if bitfountain pockets them and that's the end of it. Where the operation and R&D cost would be full cost and no extra dividends (if it would have been redistributed, which has been implied that it is not the plan).
February 09, 2013, 06:07:05 PM
I agree on both points. Even though I don't think RE has all of the same kind of implications when ASICMiner isn't a true equity stake.
And the faster payback point will be so temporary that's not my concern at all.
And I don't care to get in to conversations about stock valuations based on increased assets due to RE.
My point, which was sidestepped with this RE tangent, is that was the IPO written in such a way to imply that exactly half of the company would be sold to the public?
So, shareholders fund the entire startup costs of the company and end up with 38% 'ownership.' It was exactly this point, what is ASICMiner's % of the company, that was debated in some detail when ASICMiner announced the IPO.
In my mind that was the expectation set. Whether or not it happened immediately after IPO or eventually as more buyers appeared.
Of course, there are no rules to prevent a 'best effort' IPO with unsold shares retained by the issuer. But with this 50/50 ownership thing in mind what is right? Jacking up RE or selling off the 12% of shares?
Anyway, it's a pretty pointless discussion. We know the likely answer is RE instead of selling off the remainder of what was offered at IPO.
Interesting, I was approaching the valuation from the other side. The principals in this company have put in the same effort that they would have if they had been funded 100% to plan, but they only attained 76% of the intended capital because of circumstances beyond their control. This means that ASICMiner (not the parent) retains ownership of those shares (which will not get dividends), and they could release them to raise additional funding if desired/needed, but that would dilute the dividend value of our shares so I'm not for it unless the benefit will outweigh the dilution.
I'm curious why you think it matters if they have 50% or 62%, it's not like a hostile takeover was likely to work without a lot of lawyers.
Hmm. The spirit of the initial discussion around the IPO, IIRC, what % would be available to the public in exchange for financing. Me bringing this point up again has little to do with take-overs, or wanting to buy that 12% cheaply as Sabastian accused me of.
Since ASICMiner is in a fortunate position to have an extra 12% of shares what are they being used for?
Are they being retained and not receiving dividends?
If what you say is correct, and if it is I completely agree with your point of view, that dividends will be distributed to a smaller number of shares - GREAT!
If not and these shares receive dividends where is this money going? Re-investment? Ok, good. Not a bad thing at all. But if they take dividends of 12% of shares for OpEx and R/D, but then down the road say 'Hey, we don't have enough money we need to withhold dividends to gain capital,' well, wouldn't that be crap. A pretty good reason to cry foul.
If you look at comments below it leaves me in a confused state as to whether or not shares are retained, earn dividends and if those dividends are used for re-investment.
obviously, but that wasn't part of my quoted message.
Since it was agreed upon by us that it was split 1/400000, there is not much to argue about here, but IMO, those unsold shares should be a direct fund for operation cost. Which, I believe is fair to all shareholders, as opposed to some alternatives.
Since it was agreed upon by us that it was split 1/400000, there is not much to argue about here, but IMO, those unsold shares should be a direct fund for operation cost. Which, I believe is fair to all shareholders, as opposed to some alternatives.
Still, the important question is: what is the fate of profits belonging to the unsold shares? This does have effect on my shares - Bitfountain simply scooping these profits is different from these profits being accumulated and used to maintain ASICMINER's competitive advantage through re-investment, upgrades, and covering operating costs.
No. That wouldn't make sense. The unsold shares of ASICMINER act as potential equity in future financing rounds. The availability of unsold shares has the advantage that dilution can be avoided if the 12% cover financing needs.
Edited to clean up the quotes
February 09, 2013, 05:52:20 PM
What would change when the rest of the shares would sell? There would only one or more shareholders. So what should that be good for? The dividends now go to bitfountain and if the shares are sold these dividends would go to a shareholder. You wouldnt have an advantage.
I mean you could have bought when the ipo was. To claim that these shares has to be sold now sounds a bit like you want to invest in a sure profit for low money. I dont think that is worth to discuss.
I mean you could have bought when the ipo was. To claim that these shares has to be sold now sounds a bit like you want to invest in a sure profit for low money. I dont think that is worth to discuss.
In short, no. Not my point or intention at all. Nice accusation, though, thanks.
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