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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 299. (Read 3917468 times)

sr. member
Activity: 378
Merit: 254
...
Nicely done, you and bitcoin.newsfeed will certainly achieve that goal by setting unreasonable expectations on FC's communication which when not met will send the share price down again.

It hasn't been even a month yet and you want him to post again, when has he done that in the past?

Its not the mans job to hand hold shareholders or to communicate with them about every worry they have. I hope he doesn't read this thread on a daily basis, what a waste of time that would be.

Please make the value go below IPO, then we can all just sit back and wait. The stock will have tanked so you can stop worrying then.  That seems like the best course of action.  

You don't understand how securities work.
The issuer's obligations do not end as soon as (the sum of dividends+market price) exceed (the issue price).  At least not IRL.
IRL publicly traded multimillion-dollar corporations have discovered a way to maintain investor relations without unduly encroaching on the valuable time of the senior executives.
This [yet unpatented] invention is called the PR guy.

On a more conciliatory note, I certainly see why you aren't eager to abandon your "sit back and wait" approach after it has served you so well in Active Mining.
full member
Activity: 123
Merit: 100
The love of fiat is the root of all good

There are 60p in total planned to be sold, this is only a small portion.

BTC Garden is just one of AM's customers.  If 10 different customers are able to sell 1 PH per week, then 60 PH will be sold in 6 weeks.
member
Activity: 67
Merit: 10
sr. member
Activity: 347
Merit: 250
Previous bullish me is becoming bearish about fc's 'i won't give a fuck' attitude.
 
I am tempted to make the company's (havelock-)value go down below IPO. I mean... enough is enough.

Cashflow must be positive for quite some time already. And yeah yeah... reinvestment, having to convert to BTC....

I am used to Arab and Subcontinental attitude. I also dealt a lot with Japanese. But never with Chinese, if I could avoid it. I am beginning to think that was for a reason.

Communicate ffs..!!!

I am feeling pretty cheap but cannot help it: Where are our dividends? Where are the revenues from self-mining with Gen3? Are you not able to deploy the millions of Gen3 chips we all paid for for self-mining, nor for sale!?

+1

Nicely done, you and bitcoin.newsfeed will certainly achieve that goal by setting unreasonable expectations on FC's communication which when not met will send the share price down again.

It hasn't been even a month yet and you want him to post again, when has he done that in the past?

Its not the mans job to hand hold shareholders or to communicate with them about every worry they have. I hope he doesn't read this thread on a daily basis, what a waste of time that would be.

Please make the value go below IPO, then we can all just sit back and wait. The stock will have tanked so you can stop worrying then.  That seems like the best course of action. 
sr. member
Activity: 347
Merit: 250
While I do not have any answers to our questions, some of you do realize we could easily be another 30 days+ before we see anything out of the company? On June 5th FC's update mentioned the close to 60PH that was finishing up production. When asked how long that was from an inventory standpoint, he indicated 1 to 1.5 months from that day to sell everything plus the fiat to BTC conversion.

1.5 months from June 5th puts us around July 20th, a solid month from now. Should the company turn cash flow positive before that date then we may well see a surprise from the FC. Otherwise, a long wait may be in order so that share price can come down as far as it wants to yet. I imagine a sub-IPO price would get FC to post something, seemed to work last time the stock had a heart attack.

+1

I can only see the stock price going down over the next 1-2 months until FC posts again give how the shareholders for some reason expect twice monthly updates.
hero member
Activity: 617
Merit: 559
While I do not have any answers to our questions, some of you do realize we could easily be another 30 days+ before we see anything out of the company? On June 5th FC's update mentioned the close to 60PH that was finishing up production. When asked how long that was from an inventors standpoint, he indicated 1 to 1.5 months from that day to sell everything plus the fiat to BTC conversion.

1.5 months from June 5th puts us around July 20th, a solid month from now. Should the company turn cash flow positive before that date then we may well see a surprise from the FC. Otherwise, a long wait may be in order so that share price can come down as far as it wants to yet. I imagine a sub-IPO price would get FC to post something, seemed to work last time the stock had a heart attack.
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
I'd like to see at least an effort to mine a block, even go back to BTC-Guild and throw a couple PH at good ol' 67117.
sr. member
Activity: 378
Merit: 250
Previous bullish me is becoming bearish about fc's 'i won't give a fuck' attitude.
 
I am tempted to make the company's (havelock-)value go down below IPO. I mean... enough is enough.

Cashflow must be positive for quite some time already. And yeah yeah... reinvestment, having to convert to BTC....

I am used to Arab and Subcontinental attitude. I also dealt a lot with Japanese. But never with Chinese, if I could avoid it. I am beginning to think that was for a reason.

Communicate ffs..!!!

I am feeling pretty cheap but cannot help it: Where are our dividends? Where are the revenues from self-mining with Gen3? Are you not able to deploy the millions of Gen3 chips we all paid for for self-mining, nor for sale!?

+1
sr. member
Activity: 378
Merit: 250
The Hash rate has really soared over the past month. I hope AM was behind part of this. Can't wait to hear some (hopefully good) news.

EDIT: Havelock shares are down quite a bit (.19) Tempted to buy a few more with some BTC I have lying around. 
sr. member
Activity: 347
Merit: 250
Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.


A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.




I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?

On a scale of 4 to 0.2 I'd have to say...



 The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.



When we talk about return of IPO price we are talking about the dividends paid out to shareholders over the lifetime of the company which has been more than the .1 BTC IPO Price. Were Not talking about the speculation ramp up that occurred last summer. If you sold your shares right now they would return 2 times the IPO price by your logic.

 That's not my logic.  I'm not sure how you get that from what I wrote.
I don't believe we can have a logical discussion about return on a share of AM without consideration for the share value except at IPO.
You're telling me that we did well at the beginning so that's a good indication for the future when the company has made some serious changes in direction.  We aren't building miners anymore - the big money is in manufacturing and selling miners and mining the Bitcoins.  Having strayed so far from the formula that made the initial returns I can't see getting my investment back even if I buy in now to lower my average buy price.  I believe it would be throwing good money after bad at this point.  That's part logic and part emotion.


In your post you stated:

......

The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.



That statement is not true is all I am pointing out. The return of the IPO price had nothing to do with speculation, it was returned via dividend payments. The stock could have traded at .1 BTC and the IPO price would have been returned via dividend payments.

The high stock price was driven by speculation but that had no effect on the dividends which were paid out that returned the original IPO price and more.

Go discuss the share value all you want, just don't try to imply that a high share price is what paid back the original IPO price, that came from dividends.
legendary
Activity: 3808
Merit: 7912
Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.


A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.




I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?

On a scale of 4 to 0.2 I'd have to say...



 The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.



When we talk about return of IPO price we are talking about the dividends paid out to shareholders over the lifetime of the company which has been more than the .1 BTC IPO Price. Were Not talking about the speculation ramp up that occurred last summer. If you sold your shares right now they would return 2 times the IPO price by your logic.

 That's not my logic.  I'm not sure how you get that from what I wrote.
I don't believe we can have a logical discussion about return on a share of AM without consideration for the share value except at IPO.
You're telling me that we did well at the beginning so that's a good indication for the future when the company has made some serious changes in direction.  We aren't building miners anymore - the big money is in manufacturing and selling miners and mining the Bitcoins.  Having strayed so far from the formula that made the initial returns I can't see getting my investment back even if I buy in now to lower my average buy price.  I believe it would be throwing good money after bad at this point.  That's part logic and part emotion.


 
hero member
Activity: 491
Merit: 500
Previous bullish me is becoming bearish about fc's 'i won't give a fuck' attitude.
 
I am tempted to make the company's (havelock-)value go down below IPO. I mean... enough is enough.

Cashflow must be positive for quite some time already. And yeah yeah... reinvestment, having to convert to BTC....

I am used to Arab and Subcontinental attitude. I also dealt a lot with Japanese. But never with Chinese, if I could avoid it. I am beginning to think that was for a reason.

Communicate ffs..!!!

I am feeling pretty cheap but cannot help it: Where are our dividends? Where are the revenues from self-mining with Gen3? Are you not able to deploy the millions of Gen3 chips we all paid for for self-mining, nor for sale!?
sr. member
Activity: 347
Merit: 250
Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.


A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.




I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?

On a scale of 4 to 0.2 I'd have to say...



 The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.



When we talk about return of IPO price we are talking about the dividends paid out to shareholders over the lifetime of the company which has been more than the .1 BTC IPO Price. Were Not talking about the speculation ramp up that occurred last summer. If you sold your shares right now they would return 2 times the IPO price by your logic.
hero member
Activity: 574
Merit: 500
The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.

Actually ASICminer IS mining for last 8 months

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

also we have seen video showing us immersion mining farm and also photos of many un-populated rows waiting only for gen3 chips months ago. We have gen3 chips for months now. The question is, FOR WHO are ASICminer's farms mining ? Where are BTCs mined in ASICminer farms ? Why mined bitcoins are not distributed in form of dividends back to shareholders ? And why shareholders dont have access to public hash meter ? ? ? <<< I think I'll include something like this in next round of shareholders questions

@jimmothy & freedomno1 : Good points, please formulate your questions
Yea maybe this was around the time I still had my video cards mining......they have not been used in a long long time
sr. member
Activity: 378
Merit: 250
The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.

Actually ASICminer IS mining for last 8 months

Self-retained (not sold) Hashrate distribution:

Air cooling datacenter - 47TH/s
Under franchising - 19TH/s
Immersion cooling - 5TH/s with 3-5TH/s per day towards 60TH/s in total.

also we have seen video showing us immersion mining farm and also photos of many un-populated rows waiting only for gen3 chips months ago. We have gen3 chips for months now. The question is, FOR WHO are ASICminer's farms mining ? Where are BTCs mined in ASICminer farms ? Why mined bitcoins are not distributed in form of dividends back to shareholders ? And why shareholders dont have access to public hash meter ? ? ? <<< I think I'll include something like this in next round of shareholders questions

@jimmothy & freedomno1 : Good points, please formulate your questions
legendary
Activity: 3808
Merit: 7912
Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.


A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.




I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?

On a scale of 4 to 0.2 I'd have to say...



 The return of multiple IPO price was a long time ago and was fuelled by speculation.  Sure we got some dividends but we don't mine anymore.  Now we rely on outside expertise to make our chips into something useable.  Yeah all I can see are bulls and roses.

sr. member
Activity: 448
Merit: 250
I am not an EE or fabricator but I could obtain ~6,000 chips for a GB maybe a few more if friedcat is feeling generous about this project. Since, I am not a well known member and have not yet been vetted I would accept escrow for this order and would only place it if there was enough interest.

Edit: current price would be ~$5 per chip
If you believe this, pricing is below $.50 / GH/s at 6000 chips.


I can confirm the pricing at that level..    

Disappointing
full member
Activity: 146
Merit: 100
I can confirm the pricing at that level..    

I recommend anyone who is looking to get a small GB together to assemble a few fabricator quotes first.. 

 The BE200x24 and x32 are 6layer boards..  To get that cost down to reasonable levels and fully populate, 6000 chips should be considered a decent amount..   

 Anything less, and you will lose economies of scale, and your PCB board costs outweigh any cost savings over retail..
 
 More importantly, nail down your supply of secondary component supplies first... the supply is drying up fast.



 
full member
Activity: 215
Merit: 100
I am not an EE or fabricator but I could obtain ~6,000 chips for a GB maybe a few more if friedcat is feeling generous about this project. Since, I am not a well known member and have not yet been vetted I would accept escrow for this order and would only place it if there was enough interest.

Edit: current price would be ~$5 per chip

If you believe this, pricing is below $.50 / GH/s at 6000 chips.
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