This is not new, friedcat has previously let people use their shares as backing to buy blades and other things. It lets people that want to get hashing power, and also acts as a way friedcat can buy back some of his shares. In fact, this is a good thing.
If friedcat did not value his own shares enough to be willing to do something like this, one would probably be suspicious. He values his own company enough that he wants to buy back as much equity as possible when he can.
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 288. (Read 3917468 times)
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?
If this is the case, that is really cool. This sounds really really cool.
yes, that's the case. I was confirmed with Friedcat.
NOT cool at all. That would be ludicrous. At the current value of Bitcoins in USD that means you are putting up $1.25 per GHs and getting back 20% of what that will mine after electricity costs? Did we not already BUY those chips with the profits from our company? There is no way we have to put up our shares to get the hashing!! If AM is giving away the chips for a deal like this, then we should be getting a percentage of those proceeds from mining based solely on our ownership of those shares. I fail to understand how you think it's "cool" to have to use your shares as collateral for such an operation. It would be much better for your to sell your shares, buy mining equipment that uses more efficient chips and keep 100% of the profit after electricity costs.
I sincerely hope that this is not the deal FC cooked up. I cannot believe this for one second.
With all of the franchise hash power coming online soon, this might be the perfect time to introduce an AM low fee or no fee mining pool open to the entire world. The franchisee hash power would instantly give our pool a large share and it could provide additional revenue in a low fee model and would definitely get the AM name out into the public a bit more. The important thing would be providing an alternative option to ghash.io. If AM balanced out the mining share Eco system I'm sure r/bitcoin would go nuts with praise for AM.
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?
If this is the case, that is really cool. This sounds really really cool.
Collateral? I thought he meant every 100 shares would be entitled to the 15T's 20% profits?
Well he did say "I will be a small franchise partner too". And then went on to use the word Mortage. (Though I don't have a Mortage, I thought a Mortage was a type of collateral. Effectively losing the ability to sell/get dividends from the shares you put up to mortgage the TH they send you, otherwise how is AM going to make sure that the small individual franchisers don't run off with their equipment?)
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?
If this is the case, that is really cool. This sounds really really cool.
Collateral? I thought he meant every 100 shares would be entitled to the 15T's 20% profits?
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?
If this is the case, that is really cool. This sounds really really cool.
yes, that's the case. I was confirmed with Friedcat.
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Anyone wish to elaborate this means? If you have 100 AM shares, you can put them up as collateral for ~15T in mining gear, where you personally keep roughly ~20% of Profits/(Take Electricity Cost) (Meaning the other ~80% goes to AM for Divs/BitFountain)?
If this is the case, that is really cool. This sounds really really cool.
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
Good news!BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
So you just buy some shares on havelock at 0.19~0.2BTC/share
I have asked Friedcat about the franchising mining farm,Friedcat replied me by E-mail that the franchising mining farm will be work after the mid of July.
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
BTW, I will be a small franchise partner too
each 100 Asciminer shares will mortgage 15T hashrate . franchising will get 20% mining profit when deduct the electric fee .
It's very simple. When you presale a device that has an anticipated hash rate you're required to forecast what you can get for it based on the where it stands in the network at the time of delivery. If you overestimate it's value when setting it's selling price you end up with pissed off customers who overpaid. If you take the more respectable route as Bitmain does selling when you can actually deliver then more network hashing equates to less profit for your product as you can't expect to get the same return from it. To discount a sizeable amount of hashing power is just foolish no matter if the flavor of that ASIC doesn't suit your pallet.
I fail to see how this hurts competitors..seems SP / Bitmain are selling non stop with happy customers. How does giving hardware away for cheap help AM later on exactly? I am amazed how much faith you guys have in AM chips.. Gen 3 was nothing impressive at all. You think that KnC and BitFury are scared of AM selling these chips for cheap?
I somewhat enjoy observing competitors comments knowing that all that so called obsolete AM hashing power is effecting their future profitability. Even if FC damn near gives it away hashing power is hashing power and every ounce of it erodes the competition's projected profits and postures AM in the market for the future. Hoping a fair amount went into mining and franchising at this juncture. Gladly pay the hydro bill on it from profits until Gen4 hits the scene. Still more cost competitive then buying retail equipment and mining no matter who makes it IMHO. Really would like an update on where it all went when the product deployment dust settles and the overall strategic plan with Gen3 and 4. I get the sense there's a long term plan that has the two Gens interrelated but short term updates would be appreciated.
Awful quiet in here. Everyone OK out there? Bracing for 0.10?
Yes it is the prisoners dilemma at play
Lets hope for some good news this weekend. I feel like BTC is bound to hit a new pump, I hope AM is Mining/(Finished selling) by then.
Nice find!
I'm going to quote it so this thread has pretty pictures
There ya go.
I wish we would just make an updated blade already. What was wrong with that design? Rockxie has some great ideas but the 32-chip boards that AM put out originally worked great. A single PCB + heatsink, 32 chips of glory and an ethernet jack.
No dividends, everything is going into making Gen3 chips. 100PH on order or sth, delivery late summer (or later). No news on when divs would be back.
Hello Guys
I own some shares of AM100 on havelockinvestments.com but has been a very long time since I got the last dividends,can you explain me why and when I would get again some of the dividends?
I own some shares of AM100 on havelockinvestments.com but has been a very long time since I got the last dividends,can you explain me why and when I would get again some of the dividends?
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