Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1284. (Read 3917058 times)
January 18, 2013, 07:14:23 PM
Dont worry guys. Friedcat didnt show any sign till now that something is fake with the project. So i dont believe that you will lose any money. I think he still is confirming but has more important things to do. So i think he should work on that. You wont have to fear to lose anything if your claims were right.
January 18, 2013, 06:13:09 PM
I also have not had my shares confirmed yet.
January 17, 2013, 08:42:47 PM
Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:
Please clarify.
Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted.After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
Please clarify.
January 17, 2013, 08:36:11 PM
Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:
Please clarify.
Sorry for delaying. It's (1) regardless of X. Its downside of is that the portion is less than (2) and (3) somehow. While the upside is that it will not go diluted when later investments come in because it's always 1/400,000 no matter how Bitfountain itself gets diluted. After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
Please clarify.
January 17, 2013, 08:29:54 PM
Are you still confirming shares? I am still waiting.
As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well
it is close!!!!
Naelr
He's still confirming them - only got my confirmation email of how many shares I have this week.
January 17, 2013, 07:10:08 PM
Are you still confirming shares? I am still waiting.
As am I .. I sent friedcat a PM but have nothing and that was months ago... figured I would just wait until it gets close.... well
it is close!!!!
Naelr
January 17, 2013, 06:25:04 PM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.
But it was pretty clear from the start that you invest as a shareholder in asicminer and that the chips from bfl has to be created first. That wasnt hidden. So everyone who bought there played the game and lost. That happens. But i dont think thats a reason to blame bfl. They are late but that was part of the things that can happen from the start.
January 17, 2013, 05:10:48 PM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)
January 17, 2013, 02:32:14 PM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
typo? actual shareholders in ASICMINER (because this is the ASICMINER thread)
January 17, 2013, 01:07:27 PM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
January 17, 2013, 09:30:37 AM
Friedcat, thank you for the update and for all the quality work. I will repeat my question from few pages ago, as it is still unanswered. There are some conflicting statements and interpretations throughout this thread, so we need a definitive answer:
Please clarify.
After investors have received their 0.1 btc per share, further profits will be distributed as (assuming X was the number of shares sold to the investors) -
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
(1) 1/400`000 per share, regardless of X, or
(2) 1/(200`000+X) per share, or
(3) 1/(2X) per share
Please clarify.
January 17, 2013, 09:20:19 AM
Are you still confirming shares? I am still waiting.
January 17, 2013, 08:47:37 AM
Thanks for the update.
Few questions:
1. Can you say with more certainty how much TH this batch of chips (the full 12 wafers) will yield?
2. What is the status of the trading platform?
3. I am guessing the deployment will take place over a period of 2 weeks, bringing boards online as you get them, or will you get all of them back in 2 weeks or more?
4. Any ASIC miner picture you can share with us? (not the actual asic chip but a working miner)
Thanks!
Few questions:
1. Can you say with more certainty how much TH this batch of chips (the full 12 wafers) will yield?
2. What is the status of the trading platform?
3. I am guessing the deployment will take place over a period of 2 weeks, bringing boards online as you get them, or will you get all of them back in 2 weeks or more?
4. Any ASIC miner picture you can share with us? (not the actual asic chip but a working miner)
Thanks!
January 17, 2013, 08:43:39 AM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
Yeah, this. It still pisses me off how BFL abused all of their investors by calling them customers and called their investments preorders. Between BFL and bASIC, a lot of bullshit has gone on that ASICMINER and Avalon and the entire Bitcoin community could have done without.
January 17, 2013, 08:30:39 AM
However, the shareholders of ASICMINER are always in a better place
Props for the decency to present it as an equity deal from day one, rather than calling stock subscription "preorders" like everyone else.
January 17, 2013, 08:26:29 AM
Update
What happened last week:
1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as sub-racks and heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.
If our competitor meets their deadline and ships the products on time, congratulations to them. However, the shareholders of ASICMINER are always in a better place now, than device users. because while the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.
The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.
What happened last week:
1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as sub-racks and heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.
If our competitor meets their deadline and ships the products on time, congratulations to them. However, the shareholders of ASICMINER are always in a better place now, than device users. because while the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.
The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.
So the completed boards should be back early Feb?
January 17, 2013, 07:42:49 AM
Update
What happened last week:
1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.
We would like to say that the shareholders of ASICMINER are always in a better place now, than device users. because while the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.
The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.
What happened last week:
1. Workshop with sufficient power supply and cables for mining farm settled.
2. Solution of mechanical parts such as heatsinks done and products bulk-ordered.
3. The mass production (second batch) of the chips starts in the fab.
4. The rest 6 wafers finished and in the QC stage.
5. Waiting for all the main boards assembled with chips and components done.
We would like to say that the shareholders of ASICMINER are always in a better place now, than device users. because while the everlasting free upgrade from providers for users is not possible, all our future products will benefit our shareholders. Thanks to all shareholders for taking the risks with/for us as investors in the beginning of our project. Higher risks are almost always rewarded with higher returns when the risks are eliminated. Now the biggest risks have gone so please expect the enjoying of both short-term and long-term profits of us in the next years. And also thanks for your patience.
The deploying with the whole 12 wafers may take more than two weeks. But everything is progressing well and no exceptions happened. We will make more frequent updates when any new milestones are hit.
January 17, 2013, 06:05:23 AM
Seems the trend of the thursday morning (GMT+1) updates have been broken, and at such a crucial time. I wouldn't mind an update 
January 16, 2013, 05:20:47 AM
Where is my mail? 
Edit: Got it! Thanks.
Edit: Got it! Thanks.
January 16, 2013, 03:48:34 AM
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