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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 133. (Read 3917058 times)

legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.
the profits they earned from the capital they raised from IPO and have already paid shareholders 6x what they invested.  That's the difference.
[/quote]


Just quote this when road stress turns up, it really shows his maturity and age. personally i do not trust this prepubescent rodent and his behavior.
full member
Activity: 146
Merit: 100
{constant antagonizing of the sittuation}
have the chocolate teapot award, you deserve it.

I dunno what the "chocolate teapot award" is, but it sounds filthy and I'm sure RoadStress deserves it.

The only problem is that he probably enjoys chocolate teapots...   Shocked

/afraid to google

It's safe to Google Smiley'         But apparently, now a chocolate teapot is actually MORE useful than RoadStress...   

http://treasurytoday.com/2014/09/as-useful-as-a-chocolate-teapot-ttmc


legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
{constant antagonizing of the sittuation}
have the chocolate teapot award, you deserve it.

I dunno what the "chocolate teapot award" is, but it sounds filthy and I'm sure RoadStress deserves it.

The only problem is that he probably enjoys chocolate teapots...   Shocked

/afraid to google
hero member
Activity: 617
Merit: 559

Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!






How did you come at this number, it is over 10 X the current price. I don't think it will ever happen.


If you are referring to FUR11's comment then I think 0.1BTC/share is a given as it was trading at that level two days ago and has been for over a month now. You may have read that as 1BTC/share, which would indeed be over 10x the last traded AM1 share. Should Gen4 do well I believe we could see that level and higher depending on how much income is coming in and what else the company has accomplished (DataTank, new partnerships, Gen5 plans, etc).

The share price was sitting at 0.5BTC/share in anticipation of Gen3 dividends this spring. I would not be surprised to see a nice run-up in share price come mid-late December upon confirmation of successful Gen4 chip testing. If the market believes Gen4 will be successful, holding shares will be a hot commodity once more. I also believe that the market will except a lower dividend / APR as there are few legitimate options out there for investment in the Bitcoin securities world right now.


 
legendary
Activity: 1025
Merit: 1000
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.


Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!

How did you come at this number, it is over 10 X the current price. I don't think it will ever happen.
sr. member
Activity: 316
Merit: 250
Ugh I see 2 pages in one day and think something happened, but it is just a struggle storm of anger.  Roll Eyes
sr. member
Activity: 378
Merit: 250
FURring bitcoin up since 1762
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.


Yeah, I also believe that we really are working in a thin-margins business these days, but if they manage to run a decent operation, the upsides should justify a share-price of more than 0.1 BTC!
But friedcat, if you should read this: Please employ some people who are experts in customer-relations. Maybe also in the US or someplace other than China. Don't forget the international market. Also: Self-mine! Don't rely on selling the chips (again). Find even cheaper electricity now!
legendary
Activity: 826
Merit: 1004
I have stated in the past that FC found out a method to get money out of the company without paying the shareholders (hint: rockxie mining), but you bashed me back then. I am glad to see you coming back to earth.

I "bashed" you back then for good reason. Talking complete bollocks. Which you are doing again. There's no evidence whatsoever to suggest that AM have been funnelling money out the back door. What I said was that their management, sales, support and PR are crap, not that AM is corrupt.

What you are claiming is that supplying a customer with the product you sell is corruption. The stupidity that comes out of your mouth is truly amazing.
hero member
Activity: 630
Merit: 500
It was posted for gen1 chips: http://www.asicminercharts.com/live/

That was an unofficial site created by SmiGueL.

And he was getting the information from the newspaper? There was some kind of official information about the hashrate because otherwise how could he create the site? I am sure he wasn't making up the hashrate posted there.

SmiGueL was only following the number of blocks found per day and new bitcoins received on AM mining address (1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i)
legendary
Activity: 1904
Merit: 1007
It was posted for gen1 chips: http://www.asicminercharts.com/live/

That was an unofficial site created by SmiGueL.

And he was getting the information from the newspaper? There was some kind of official information about the hashrate because otherwise how could he create the site? I am sure he wasn't making up the hashrate posted there.

My problem is not with the design team, it's with the management, sales, support and PR. FC seems to just be hiring his friends who don't know what the hell they're doing. That's why I suggest looking into buying out BitFountain, so we could put some people in place who actually have a clue what they're doing.

I have stated in the past that FC found out a method to get money out of the company without paying the shareholders (hint: rockxie mining), but you bashed me back then. I am glad to see you coming back to earth.
legendary
Activity: 826
Merit: 1004
It was posted for gen1 chips: http://www.asicminercharts.com/live/

That was an unofficial site created by SmiGueL.

If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.


There's too much competition for AM to relive it's glory days. Those days were only possible due to first mover advantage.

My problem is not with the design team, it's with the management, sales, support and PR. FC seems to just be hiring his friends who don't know what the hell they're doing. That's why I suggest looking into buying out BitFountain, so we could put some people in place who actually have a clue what they're doing.

Gen 4 could turn out to be 0.1 J/Gh but without a decent team in place would AM be able to capitalise on it?

On the other hand, with a good team in place, even though gen 3 under performed, those 60 Ph/s may have been sold as the gen 3 offerings have provided the best value to customers. They should have been selling like hotcakes. If some smooth-talking Yank was in charge of sales, they probably would have been. Instead we get a guy with poor English, who can't even access the forum and ignores emails.
hero member
Activity: 617
Merit: 559
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck know what's going on with that.

I think it's time us shareholders started asking about buying out bitfountain.

You are right, I think it may have been one of the shareholders that built an application and ran it from a website that we all made use of, good memory. I really hope this situation doesn't have to turn ugly, we only have 5 weeks to go before we are in the thick of things again. The way I see it, this show is over soon or everything is back to partying like it is 1999 (for a little while, this is the mining industry after all).

If AM cannot get Gen4 right there is no conjecture here, the company will be out of money and out of time. My point? We do not have much longer to wait, the chips will pass or they will fail, and if they fail the share price will take the stock down to worthlessness. I am going to sit tight and let the company prove its worth, my faith is eroded however there is no other direct investment opportunity in the mining industry, and this one has massive upside if they can execute.


The excruciating pain shareholders are feeling will be over soon, one way or the other.
legendary
Activity: 1904
Merit: 1007
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck knows what's going on with that or anything else related to AM

I think it's time us shareholders started asking about buying out bitfountain.

It was posted for gen1 chips: http://www.asicminercharts.com/live/
legendary
Activity: 826
Merit: 1004
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

According to FC, AM have been self-mining since mid-July. Also, as far as I can remember, the hash rate was never posted by AM for gen 1. But we were told that we'd get a hash meter this time round, so fuck knows what's going on with that or anything else related to AM

I think it's time us shareholders started asking about buying out bitfountain.
legendary
Activity: 1904
Merit: 1007
If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.

When I asked the same question the angry shareholder group accused me of promoting SP-Tech. Let's see what's the answer now.
hero member
Activity: 617
Merit: 559

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.



Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH.


You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while.

They are self-mining with the remaining hashing power according to Rockxie so at least they got that part right but as said, it's simply insane to not have "shares" available to sell constantly, especially given that AM are experiencing difficulty selling hashing power.




If this is true then the next logical question is why is the hashrate not posted? I seem to remember the company telling shareholders that once self-mining is operational the hashrate would be posted up as previously in Gen1.
legendary
Activity: 1904
Merit: 1007
Stop talking out your arse. I have no problem with criticising AM and AM shareholders and have been extremely vocal in that regard myself, for example:

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
............

All you do though, is try to wind people up.

You did it all wrong. You raised an issue about the Blades that were selling like hot cakes. The blades were a good business decision at that time in my opinion.

I have a problem with the 2014 decisions. Show me a proof of you criticizing AM this year because in my view the fall started this year, not last year. Last and this year are totally different things.
legendary
Activity: 826
Merit: 1004

Those "IPOs" are idiotic. AMHash isn't selling shares in some company. They're supposed to be selling hashing power yet had no shares up for a good few days and the price went above IPO price. So AMHash could have sold more shares but didn't. To limit the amount of time those shares are available to purchase is simply lunacy, they need to be available to purchase round the clock.

And they need to be promoted too. I've seen fuck all in that regards except unofficial promotion by shareholders.



Are you and I the only two that have been scratching our heads over how this has been handled? Where is the value in staggering these mining contract offerings out over weeks and possibly months? If there is 25PH to sell off today, why not offer it all at once instead of leaving batches of PH off the market for weeks on end as the network grows? (albeit at a slower rate these days). The only way this makes any sense to me is if the other 20PH that is slated to be offered in contracts is already being used for self-mining, where it is a simple matter of changing ownership of the GH's on paper and sending the dividends to the owner of the GH's. And even in this case, I still do not see the value in staggering the release of the PH.


You can self-mine with it until you have offloaded the chips via shares of GH's to someone else and let it be, pocket the BTC and move on. I could be missing some key pieces of Fried Cat's strategy here so feel free to fill in some blanks. It is tough to know for sure given AM's recent history of blunders if this is a mistake or a well thought out decision by the company. Gives people something to discuss at least, there isn't much else going in for a while.

They are self-mining with the remaining hashing power according to Rockxie so at least they got that part right but as said, it's simply insane to not have "shares" available to sell constantly, especially given that AM are experiencing difficulty selling hashing power.

legendary
Activity: 826
Merit: 1004
As stated before FC took numerous bad business decisions. I did outline some of them in the past, but instead of discussing them you chose to bash me. I have no problem with that, but I'm glad that you start to realize them.

Stop talking out your arse. I have no problem with criticising AM and AM shareholders and have been extremely vocal in that regard myself, for example:

It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.

Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.

LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:

AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD

KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD

It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.

AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.

All you do though, is try to wind people up.
legendary
Activity: 1904
Merit: 1007

..I remembered that and now I want to stick it into all shareholders face because it was a stupid argument.


 How old are you Roadstress?  Five? 

I'm 6 actually! It may sound stupid for you, but for me it shows that I was right and it gives me momentum to continue in doing what I'm doing. Carry on.
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