If that is their share/div address then that is not AM money, that is Bitfountain's personal money. Then they would have no obligation to use any of that money for AM right?
Right. Those are dividends that were paid to AM shareholders. They are not part of AM's assets. That's why those funds don't appear on AM's latest financial statements. 
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 251. (Read 3917468 times)
August 05, 2014, 06:40:36 PM
August 05, 2014, 06:26:48 PM
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part.
I never really got what they meant by "desperately needs a mama cat"... I mean... is this some cultural thing and got lost in translation or is it just outright odd?
August 05, 2014, 05:54:39 PM
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part.
I never really got what they meant by "desperately needs a mama cat"... I mean... is this some cultural thing and got lost in translation or is it just outright odd?
August 05, 2014, 05:52:27 PM
AM's revenue stream:
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips.
well there is already those 50 000 BTC.
Anyways AM/Bitfountain has cash they are still sitting on Nearly 50,000 Bitcoins I presume the remainder is the capital they converted for business operations and the sort.
https://blockchain.info/address/1Lu6j7umY8qVqvZzdojDBhHBAAyfcDUfGE 0 BTC (94415 Shares)
https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW 36,636.85533247 BTC (94415 Shares)
https://blockchain.info/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey 10,428.67775014 BTC (47208 Shares)
Total Bitcoins = 47065.53283387 BTC = 236,038 Shares
2/3 Bitcoin addresses kept most of the balance in their address the other 1 moved it around but not sure what the other addresses go to so that's as far as that analysis goes.
But I agree they had to spend most for ops. But remember that, not like Bitfury, AM did not conclude any VC A or B round for financing (which is by the way a good news for us investors not being diluted).
If that is their share/div address then that is not AM money, that is Bitfountain's personal money. Then they would have no obligation to use any of that money for AM right?
August 05, 2014, 05:48:43 PM
AM's revenue stream:
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips.
well there is already those 50 000 BTC.
Anyways AM/Bitfountain has cash they are still sitting on Nearly 50,000 Bitcoins I presume the remainder is the capital they converted for business operations and the sort.
https://blockchain.info/address/1Lu6j7umY8qVqvZzdojDBhHBAAyfcDUfGE 0 BTC (94415 Shares)
https://blockchain.info/address/15h6A2a3D31vRviBDdSpvhLtYJq3aePhdW 36,636.85533247 BTC (94415 Shares)
https://blockchain.info/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey 10,428.67775014 BTC (47208 Shares)
Total Bitcoins = 47065.53283387 BTC = 236,038 Shares
2/3 Bitcoin addresses kept most of the balance in their address the other 1 moved it around but not sure what the other addresses go to so that's as far as that analysis goes.
But I agree they had to spend most for ops. But remember that, not like Bitfury, AM did not conclude any VC A or B round for financing (which is by the way a good news for us investors not being diluted).
August 05, 2014, 04:52:17 PM
AM's revenue stream:
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
I don't think AM is sitting around on a huge amount of cash seeing as Chip sales have gone to buying more chips.
August 05, 2014, 03:46:58 PM
AM's revenue stream:
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
- chip selling
- miner selling
- 80/20 franchising
- 15-20% self mining
Imho, it seems quite a nice and even range of revenue streams, which should temperate future hassles.
+ ethics: AM does not go with pre-order (i'd bet AM is still sitting on a huge amount of cash because of gen1)
+ community: FC's decision to open source and create a massive community around AM
+ innovation: Top notch innovation with highly valuable Immersion cooled systems partners (Data tank).
August 05, 2014, 02:55:48 PM
He's very soft-spoken.
[...]
"Our goal is to ensure losses for all the other mining manufacturers."
[...]
"Our goal is to ensure losses for all the other mining manufacturers."
silent but deadly!
August 05, 2014, 02:49:36 PM
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
Hahahaha. This is the best part.
August 05, 2014, 02:36:54 PM
^ thx
buy buy buy ^^
buy buy buy ^^
August 05, 2014, 02:13:18 PM
Summary of speech
Translated from http://www.weibo.com/p/1005053057597202/
And here's Mr. Friedcat!
He's very soft-spoken.
One mention of a "BE300."
"Our goal is to ensure losses for all the other mining manufacturers."
Slide image: summary of franchising program
Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s.
"The conservative deadline for the public release of BE300 is EoY. It might even be earlier."
"The goal is to achieve an annual average of 15-20% of the hashpower of the network."
Some invoices, haha
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
More translations coming from http://weibo.cn/u/5195261989?page=3&wm=
August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ...
Pic of drinks at the Exahash salon
"Bitcoin mining is way more competitive than the Bitcoin exchange industry"
Friedcat's debut speech: "How can a miner profit in the Exahash era?"
Friedcat describes the open source program (boring slide)
Friedcat describes the ASICMINER business model
Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines.
ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit. ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)
Translated from http://www.weibo.com/p/1005053057597202/
And here's Mr. Friedcat!
He's very soft-spoken.
One mention of a "BE300."
"Our goal is to ensure losses for all the other mining manufacturers."
Slide image: summary of franchising program
Quote
> Collateral will be AM shares or BTC
> AM will provide the unit
> Franchisee provides the computer, power supply, hosting
> 80/20% split of profits
"Our PR team is committed to improving communications with shareholders and being more transparent."> AM will provide the unit
> Franchisee provides the computer, power supply, hosting
> 80/20% split of profits
Price is 3xxxx (?), speed will be >1 TH/s, my god // Note: this doesn't seem right to me and I don't know what he meant, but think he meant to say 3xxx CNY (~500 ish USD) for >1 TH/s.
"The conservative deadline for the public release of BE300 is EoY. It might even be earlier."
"The goal is to achieve an annual average of 15-20% of the hashpower of the network."
Some invoices, haha
Shy, modest, genuine, hard-working, intelligent. Needs to work out more and eat better. Desperately needs a mama cat. That's friedcat.
More translations coming from http://weibo.cn/u/5195261989?page=3&wm=
August 2 - At 1pm, ASICMINER is holding the "Exahash Power Era" salon ...
Pic of drinks at the Exahash salon
"Bitcoin mining is way more competitive than the Bitcoin exchange industry"
Friedcat's debut speech: "How can a miner profit in the Exahash era?"
Friedcat describes the open source program (boring slide)
Quote
- the BE200 open source program
- for amateur miners, easy configuration and lower radiation (?)
- for professional miners: high reliability; expect a flat price curve
- for miners with better power costs: huge returns
- for miners with lower power costs: we improve your chances of making a decent return
BE300 mentioned by friedcat- for amateur miners, easy configuration and lower radiation (?)
- for professional miners: high reliability; expect a flat price curve
- for miners with better power costs: huge returns
- for miners with lower power costs: we improve your chances of making a decent return
Friedcat describes the ASICMINER business model
Quote
What we do: Bitcoin mining hardware, R&D, production, marketing, providing open source solutions to the community
What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
ASICMINER is hiring!What we will never do: scrypt miners, giving insider information out, selling anything in development, tricking people about pricing (not sure about this translation)
Guest speaker, appears to be ASICMINER sales guy, says some stuff about sales (I'm omitting it, it doesn't seem very interesting), in which he mentions that the minimum direct order from ASICMINER is 10 machines.
ASICMINER's latest machine will be in the 3000-4000 RMB range, with 1 TH/s per unit. ASICMINER invites figures in the mining industry to see prototypes of these units for themselves in Beijing, Tianjin, the PRD (HK), and the YRD (Shanghai)
August 05, 2014, 06:18:00 AM
Weren't those questions already asked and answered?
Asked? Yes. Answered? No.
August 05, 2014, 02:07:57 AM
Feel free to submit them to the Bitell guys.
Added them to the bittell comments using a random e-mail shouldn't matter since its for an interview with him.
That and people want to know where to get a replacement main-board for the block erupter cube? Still
http://www.bitell.com/t/2026#comment-147
August 05, 2014, 12:36:15 AM
Weren't those questions already asked and answered? He just said about the dividend he hopes he can resume paying in August.
August 04, 2014, 09:40:07 PM
Just looked through the last 100 pages for the list of shareholder questions that have yet to be answered... I failed to find them -_- I kept getting quotes from old lists of questions and I cant remember when the old list was submitted, or who submitted it to narrow down the search. Can anyone find it? If you do find it, can you link the Bitell guys to it so they can possibly ask those questions in the interview? They may not be privy to the existing list of questions.
Also, does anyone know any more about that interview? If it happened already... when it is getting posted.... anything?
Also, does anyone know any more about that interview? If it happened already... when it is getting posted.... anything?
I think you are talking about these:
Shareholders questions were submitted to Friedcat.
Thank you all for taking the time to participate in this round of shareholders questions.
Thank you all for taking the time to participate in this round of shareholders questions.
Quote
1) Could you please provide an estimate on:
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?
2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?
3) How many PH/s of gen 3 have already been sold/shipped by now ?
4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?
5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?
6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?
7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?
8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?
9) Has AM any stock repurchase plan for now or in the future ?
10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?
11) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.
- When the next dividend can be expected ?
- When ASICminer will become cash-flow positive ?
2) Regarding self-mining and franchising:
- What is the current status of self mining and franchising ?
- What partners are and will be working with ASICminer ?
- What do the respective partnership agreements entail ?
- How many PH (including percentages from franchising) will -directly- contribute to ASICminer mining income ?
3) How many PH/s of gen 3 have already been sold/shipped by now ?
4) Has the "60 PH/s batch" progressed any further ? When is it supposed to be completely done ? How much has already been sold ?
5) Given the ratio of 1/3 retained and 2/3 paid out of the revenue, is this after deducting costs for upcoming batches/expenses or are those part of the 1/3 of retained capital ?
6) AM sells chips to multiple mining companies including Rockminer, Datatank, Bitgarden, Hashratio is it possible to get some clarity on the relationships AM has with different groups ?
7) Is Asicminer selling chips at cost already ? Rumors have been going around that it is known in China that the chips are being sold at cost. Can we please have a confirm/deny on these rumors and explanation why ?
8 ) The last post mentioned that average sales cost is about .5$/gh, is this still the average ?
9) Has AM any stock repurchase plan for now or in the future ?
10) Regarding Gen 4, can you give us rough (plus/minus a month or two) estimates on:
- When tape-out is expected ?
- When production is expected ?
- When the first chips will be in hand ?
11) Personal question from shareholder freedomno1 : Hi friedcat I have been receiving several requests for replacement baseboards/ power boards and parts for the block erupter cube and was wondering if their is a repair service or parts store available that I can relay to those individuals to contact with if something breaks.
Feel free to submit them to the Bitell guys.
August 04, 2014, 09:06:11 PM
I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time.
Is there any new information???
Is there any new information???
+1
Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again
Although each day without news brings us closer to some other day with more news (if not surprise divs).
Winner, Winner, Chicken Dinner!
August 04, 2014, 08:44:49 PM
I was wondering why we still don't hear anything after a couple weeks, the shareholders meeting, and even the scheduled interview time.
Is there any new information???
Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again
Is there any new information???
Without a doubt, with the lack of fuel, the share price is gonna drop slowly 0.28 -> 0.27 ->0.2 again
August 04, 2014, 07:56:27 PM
Very cool. I'd love to see that controller built into a backplane with some BE200 blades.
August 04, 2014, 12:53:57 PM
from my post here: https://bitcointalksearch.org/topic/open-t1-box-rockminer-production-small-batch-720943
Does not need Pi, uses a custom controller, Ethernet:
August 04, 2014, 11:46:55 AM
Just looked through the last 100 pages for the list of shareholder questions that have yet to be answered... I failed to find them -_- I kept getting quotes from old lists of questions and I cant remember when the old list was submitted, or who submitted it to narrow down the search. Can anyone find it? If you do find it, can you link the Bitell guys to it so they can possibly ask those questions in the interview? They may not be privy to the existing list of questions.
Also, does anyone know any more about that interview? If it happened already... when it is getting posted.... anything?
Also, does anyone know any more about that interview? If it happened already... when it is getting posted.... anything?
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