Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 279. (Read 3917468 times)

When those things become obsolete  I'm probably going to have to buy one and put it on my desk (Hopefully for cheap). It looks fucking awesome.

So pretty.

  good

hashratio has started the second batch minemachine production worth about 13M RMB . Those hashrate will be on line in five days.

source :http://www.weibo.com/zhaodong1982?from=feed&loc=nickname

I'm at work right now so can't watch. But I can understand Japanese reasonably well.
I probably don't have time to do a complete transcript but I'll try and post the theme and important points when I get home later.

EDIT : Just noticed the interview is only 5 mins or so, not the entire 30. I probably can manage a transcript in that case.

Thats Japanese

For those curious on HashRatio's Farm (and potentially AM franchisee¹):

http://v.youku.com/v_show/id_XNzQwNjcxNDM2.html

Some key points:
- HashRatio Interview starts @ 25:30
- Hardware is seen @ 27:00
- Interviewee mentions the figure of "700" @ 27:58
- Interviewee mentions the figure of "7" and "150" @ 28:54
- 2nd Person arrives @ 29:40
- Short interview piece with 2nd Person @ 30:00
- Bitcoin brotherly love exhibited @ 30:27
- Interview ends @ 30:55

It would be appreciated if any Mandarin Japanese speaker/shareholder could provide a transcript of the piece.

¹It is rumored that HashRatio is a AM franchisee; not officially confirmed

EDIT: Corrected the language, apologies for any confusion/offense

Regardless of whether the forum sentiment is good or bad, friedcat is only likely to post when he has something substantial to share. That's his M.O.

I wasn't comparing them. I was pointing out that investments are not get rich quick schemes. AM is dedicated to providing chips for the next couple of years at least so if all you can think about is a couple of months of dividends, then that's just being short sighted and impatient.

Well here's what you previously said:

Two months? Are you sure Havelock is aware of the transfer and has not forgotten? I believe they do the transfers out once per month at the latest so you are well behind by now.  Is anyone else waiting for direct shares to be transferred over to Havelock?

How many are you looking to transfer?

keep in mind they are intentionally delaying transferring direct shares to havelock to avoid a dump. I've been waiting almost 2 months.

Well, in that case 1 BTC is worth whatever you think it's worth (much more than the exchange price), and AM is also worth much more than AM1 (much more than the exchange price).  Congratulations, as far as you're concerned, you're filthy rich
Thew human mind is a powerful thing.  It can believe anything!

*The price of a car with a "FOR SALE" sign on it is also lower than the price of an identical car to the person who wants to keep it.  See the reductio ad absurdum coming on here?

Very true.  Sad to say but the days of AM solo mining may be over.

https://bitcointalksearch.org/user/friedcat-49840


On another note, correct me if I'm wrong here:
Havelock holds ~27000 AM1 shares.
Asicminer issued ~400,000 shares. Bitfountain owns about 236,000 of those shares.  So about 164,000 shares are "regular", trading, shareholders.

Havelock then represents ~16% of the "regular" shareholders, which also represents people who want the ability to trade rapidly (although with poor liquidity).

Havelock does not represent direct share holders with long term investment in mind.  I do not see many auctions for direct sales on the forum, indicating that long term shareholders are not interested in selling, at least on the forum. (There may be other direct sales going on, but that means there is someone buying the shares.)

Judging a security by what 16% of the market trades at doesn't seem logical. This 16% represents a niche within a niche.

A handful of boardmembers taken together represent more shares than the entirety of Havelock.

Using Havelock as a "representation" of the share value is ridiculous to me.  It's similar to the BTC/USD price IMO, in that it doesn't represent long term investors.  Say a BTC exchange has 15k btc in sell orders. Now say there are 50 exchanges like that. That's 750,000 btc "wanting" to be sold.  Assuming there are 12M BTC in circulation right now, these exchanges would represent 6% of the economy- once again not representing those not interesting in selling in the short term.  There may be sales off-exchange, but once again, that means there is a buyer at their price.

I'm sure most people here realize this about AM1, as others have pointed out this fact too.  I think some newer people need to think about and understand this.

Also, think down the road about Gen4, Gen5, Gen6 etc, 14nm, 10nm, 7nm etc.  Obviously there are other chip manufacturers as well, but each year and each technology gives the opportunity for one to be on top.

Even at the time, it appeared that the purpose of submitting questions just one month after the last set were answered, then imposing / assuming a deadline, was to crash the share price.   The same people post as if they were bi polar; one minute happy and bullish the next minute freaking out.  The guy posing the questions is a fudster like this himself if you look at his post history.   I have a feeling things are going according to plan,  on the share the price manipulation side of things at least. 

After all of the discussion and speculation on the company's value and the precipitous drop in share price, I doubt many people are still confusing the two. Another 1000 shares could sell off on AM1  (0.25% of the company) and we would be below IPO right now. This does not mean AM is worthless, going out of business or has done anything that fundamentally changes their valuation. It could be one large holder hitting the exits. For all we know the last sell-off down to IPO could have been the cumulation of only a handful of shareholders with sizeable positions.

What it does do and has already been witnessed here is take an incredible psychological toll on the shareholders of the company. This was the result last time which prompted FC to come to the forum and address concerns. The share price went back up and has stayed around the 0.2 mark ever since. It is logical to expect the same result if the conditions are met again. If he was concerned about addressing questions for the sake of addressing questions we would already have our answers from the last round. He showed up to settle fears, and you want to believe those will come back out of the woodwork if the share price sinks back to that psychological threshold once more. It will make little difference what triggers the fall, people will see the price, the lack of information and then the townsfolk start to gather their pitchforks and head for the Town Hall.

I'm not going to touch the often cited old paradigm companies vs. new paradigm companies comparison. The risk profile of this venture is astronomically higher than an Apple or MS. It is an an experiment within an experiment, albeit an exciting one. For what it is worth I expect to hear something out of him soon. This lines up with his time frame provided in the last update and aligns with whispers of franchised mining getting off the ground. The summer is half way over, something will materialize soon.

You can not compare AM to Apple in any way shape or form... Years in Bitcoin land are way different than in regular investments.  I think that with most every Bitcoin company short term does matter quite a bit.  The landscape has changed a lot since AM started.

It seems like some people here don't understand the difference between the value of AM and the share price of AM1 on Havelock. It also seems like people are extremely short sighted and expected their shares to recoup their cost through dividends in a month or two. This is not a get rich quick scheme, it's a legitimate company with a legitimate product. If you bought some shares in Apple, would you expect to recoup your costs in a couple of months from dividends?

Peoples expectations are extremely biased based on AMs stellar performance in its first year. The question people should ask themselves is how AM will perform over the next couple of years, not months.