Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 147. (Read 3917058 times)

King has a very, very, very valid point.

The ASIC market is more vicious than any market I've played in.
It will roll you in a heartbeat.
Take your money.
Kick you in the nuts.
And kiss you on the way out.

AM is still in business right now because they are super smart and super honest - attributes the marketplace rewards.
AM is being bled out, because in certain areas, they are not bringing excellence to the marketplace - attributes the marketplace punishes.

The most important part of FC's update was they were handing over some of the operations to professionals.

When my businesses did all of our accounting in-house, we paid a lot of "stupid taxes" because we'd mess things up - or pay things late or not at all.  Not intentionally - we just weren't professional accountants.
When I handed the accounting over to a firm - my costs went up by $60,000 a year.
But since then, We've never had a fee or a penalty.  I freed up at least three people's worth of time and energy.

I think AM is working their ass off - and they need help.
I think they need to scale up.
ASIC's are not on the honeymoon anymore.  You have to do business like everyone else.
You're not exempt from the laws of business or capitalism.  People won't continue to buy your products in spite of the way you treat them.

AM has a great brand and a great following.
Because of a certain amount of neglect, they are losing customers and investors.
Each product cycle, it's going to be a tougher sell than the one before it.  

For all I know, they could be doing this and just keeping it to themselves.
But, everyone can agree that they need to fix these wrongs - no matter how many products you put on the shelf, it won't save a business with holes.

Wow, somebody's just gobbled up a lot of shares!

The reasoning is sensible enough, but after the first full day of IPO, you managed to sell less than 2% of your initial 5PH.
Better hope AM has a plan B to get rid of its stockpile. Or should that be plan F ?

Gen 3 tape-out happened early February. Real world availability is only happening around now; ~8 months later.


Both bitfury and spondoolies expect their next gen 28nm miners this year, one with 0.2J/Gh (0.1J next year) the other 0.1J/GH at the wall. AM is aiming for 0.22-0.34J/GH (and that appears to be for the chip alone) at least one quarter later. Even if AM is on time and on spec for a change, I wouldnt get too excited if the network is pushing through 1EH by that time at todays exchange rate.

Thanks for the update, Rockxie... I'm sure I'm not just speaking for myself when I say that we all appreciate the long hours all AM employees and partners are putting into this. 

If G3 failed why do we expect G4 to succeed? Both are just a lot of talk. It is just empty promises, lies, failings, then new promises, and new, different failings. Same cycle over and over again.

Honestly. It is very common in businesses and start-ups. People knock bitcoin stocks but the percentage is probably the same failure in real businesses and start-ups. Point being. AM's early success was an insane fluke that will never be repeated.

That is complete bullshit. Gen 4 tape-out occurred on September 16 and FC is expecting Gen 4 chips for testing around December 16. That's less than 2 months from now. Mass-production of Gen 4 is expected to occur in February/March. That's 4 months for mass production of gen 4, not 8.

Do you honestly think that the share price will not rise will in December if the chips pass the tests or that it wont rise with the mass production of gen 4?


If you think the price is going to continue to drop then you don't need to spread half-arsed FUD. Just sell your shares and stop posting here.

The reason why we started AMHhash project is based on factors below:

For Investors:

1 Most of customers's electricity is not cheap enough for mining right now and AM find the right place to deploy.

2 Shipping to oversea from China cost too much(almost 1/4~1/3 in total).

3 Most of customers don't have enough time and technical skill to deploy large quantities miners in short time.

So buying AMHash is better than buying mining devices if you want to invest bitcoin mining industry.

For AM shareholders:

1 AM has lots of BE200s in stock,if we can't convert them to devices asap in their life time,these chips will be nothing,then it will be a big loss.Obviously,In the present case AMHash is the best choice for AM to sell large quantities chips and devices.

2 Cloud Mining is trend for bitcoin mining in future. If AMHash1 is successful, BE300 also can be benefit from this project.

3 Only if AM make profits,dividends is possible.

It did drop considerably, only long before you and I found out the reasons why. AM1 traded 3x higher 2 months ago.
There is no chance in hell none of the shareholders had access to much of this information through contacts with OEMs or others.

why don't you fix your system? every time a squirrel pisses on a twig, your server gets overloaded.  It reminds me of why i stopped playing with this garbage 6 months ago.. nobody is reliable anymore.

The writings on the wall, there is no way in hell the stock will do anything but tank, it will offer zero value for the next 8 months. Then yet another unforeseen issue will pop up. Good luck all.

Ohh ya, nice catch! I forgot about his response to that question. I guess he sorta said it then by saying that is still actual.

378 units of AM traded today. None by us!

Between the new IPO and FC plus other daily divs going out the system db became sluggish.

Not surprised one bit..
Seeing him actually post in here was as rare as watching a solar eclipse.  It came, and went.. and now it's over.  Half of us are still staring at the sun, in awe of what happened as we slowly blind ourselves into an even deeper state of stupidity.  

Meanwhile, Havelock enters the scene and is all like "omg FC talks and we crash!" as we watch about 40 shares trade hands, probably by havelock themselves.  same old story again and again.

I guess the "aggressively" part was added - but the 1/3 & 2/3 was the math and prediction.

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9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.
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15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
Both. 1/3 as forecasted.
----

Just look at his post history:
https://bitcointalksearch.org/user/friedcat-49840

Friedcat has never stated that 2/3 of sales would be "aggressively" paid to investors. That was just something a board member mentioned, and now since we all took his words as FC's he barely posts anymore. Please prove me wrong, I would love to see the quote of Friedcat saying that.

It is comes down to whether you bet on black or red. If you sell out you are gambling that nothing happens before gen 4 is out. If you stay in you are gambling that some random positive event will happen.

How far do you think the price can go? What is your target buy in price?

Sounds like profits are going into building more Prisma miners. Gen 3 went pretty bad in all aspects from his post. Seems pretty obvious no divs untill after gen 4 is live...assuming it doesn't turn out like gen2 and gen3.  Sounds like they have a pile of chips that may or may not be good..

I am amazed the price has not dropped yet..sell shares and buy back next year before gen 4?

This confuses me. Can someone help me out?


Does this mean the profits from these two items are kept for share holders?

Or

Does this mean the profits from these two items are kept to invest back into the company?

It would make sense that profits from the Prisma could be used to put BE200 chips into more Prismas. It does not make sense that profits from BE300 would be used for this. Therefore I would think the Prisma a signal that BE200 chips will be profitable from this point on, thus AM should start to be cash positive in the coming weeks. The selling of hardware through hosting should contribute to these profits.

RIGHT?

PS - Can the stupid pissing matches between hardware brand loyalists stop? Emotions can paint an ugly picture.