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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 332. (Read 3917468 times)

legendary
Activity: 1904
Merit: 1007
Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

And distributors sell miners at well over 1$/GH which means that FC isn't maximizing profits for his shareholders. The distributors seem to do a much better job on that.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Long time no see Friedcats Golden Ticket
Prepares to enter those mining gates for october  Grin
hero member
Activity: 770
Merit: 501
this 30% surge could also be considered an incentive for mining rigs manufacturers to stack up massively on chips for the upcoming demand. imagine if, in the end, AM chips doubled the current network's hashrate. ^^
regarding your guts, mine are exactly the same. hodling BTC and AM exclusively. ready to ride that summer Smiley

could be...rally was obviously triggered by the usual suspects in china (huobi and co).

lol...AM doubling the hashrate, have hoped for this insanity for a whole year.

reminds me of something i posted during desperate times Grin:



october...still some months to go    Cool
legendary
Activity: 1260
Merit: 1002
*snip
so far selling chips is still more profitable than mining with them, right?
hard to say, guess profit trends would cross due to capacity matters.
yea, good thought. transition from sales phase to mining & development could get bumpy considering the recent 30% rise during the last two weeks and what's about to come. (or at least everybody's hoping for it Wink)
whole situation is really hard to estimate and boggles my mind to the point where my gut tells me nothing's wrong with good ol' holding and some small trading by the side.

this 30% surge could also be considered an incentive for mining rigs manufacturers to stack up massively on chips for the upcoming demand.
regarding your guts, mine are exactly the same. hodling BTC and AM exclusively. ready to ride that summer Smiley
hero member
Activity: 770
Merit: 501
Bit too late for this but in regards to solo mining wouldn't it be a good idea to see some sort of stats page showing hashrate, blocks found etc instead of checking the address for new deposits every so often? Just a thought.

when i last checked it was http://erpao.info/
no clue if we have a new one...anyone?

edit:
http://www.asicminercharts.com/
(either i'm too drunk or that page looks out of date)

edit II :
Quote
Live hashrate meter has been removed because of unknown hashrate. The meter will be added again when Gen3 starts hashing. Smiley
hero member
Activity: 658
Merit: 500
Bit too late for this but in regards to solo mining wouldn't it be a good idea to see some sort of stats page showing hashrate, blocks found etc instead of checking the address for new deposits every so often? Just a thought.
hero member
Activity: 770
Merit: 501
*snip
so far selling chips is still more profitable than mining with them, right?
hard to say, guess profit trends would cross due to capacity matters.

yea, good thought. transition from sales phase to mining & development could get bumpy considering the recent 30% rise during the last two weeks and what's about to come. (or at least everybody's hoping for it Wink)
whole situation is really hard to estimate and boggles my mind to the point where my gut tells me nothing's wrong with good ol' holding and some small trading by the side.

legendary
Activity: 1260
Merit: 1002
*snip
so far selling chips is still more profitable than mining with them, right?

hard to say, guess profit trends would cross due to capacity matters.
hero member
Activity: 770
Merit: 501
Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?

+1

in the meantime it should seep through that fc invested all profits in next batch, which makes sense.
question is if deployment of excess chips for mining operation will make any difference in the end after the network explodes.   Grin
so far selling chips is still more profitable than mining with them, right?
hero member
Activity: 770
Merit: 501
0.09 is just ridiculous.
iirc ipo was 0.15 0.1btc, besides lack of info anything below 0.2 still feels like a bargain.
How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.
0.2btc -> 52 mio $ (@650$/btc) company value...huh on second thought, ok let's say 0.15.
depends from what side you look at it.
besides the current lack of info the cat is literally sitting at the source of the cheapest chips in the whole industry in combo with concepts for mining containers (first full feature makrogame approach i've seen so far in btcland)
if the schedule for the datacenter rollout is on track this could spit out some nice divs in combo with the profits of chipsales . (...perhaps 30-50% return this year depending on gen4?)
i still miss signs for more agressive expansion of their mining operation though.

atm i'm just hanging in there waiting for updates, please read speculation thread for my perspective.
no intention to awaken the sockpuppets in here.

hero member
Activity: 770
Merit: 509
Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.

What are you talking about?

Chips are sold at around $0.5/gh and cost around $0.2/gh.

If they sold at a loss how would they have $9,000,000 in assets?
legendary
Activity: 1036
Merit: 1000
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)


I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.
How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

AM just did 10% of that in sales in a single month.

Yes, but they sold at a loss (at least according to the data they released). Who cares what they did in sales if they lost money? Only thing that matters is profits.
hero member
Activity: 770
Merit: 509
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)


I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.
How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.

AM just did 10% of that in sales in a single month.
legendary
Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)


I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.
How is 80,000 BTC for the whole company a bargain?  Either in fiat or BTC.
hero member
Activity: 770
Merit: 501
...
0.09 is just ridiculous.
iirc ipo was 0,15, besides lack of info anything below 0.2 still feels like a bargain.

IPO was 0.1 which was fairly close to $1 at the time. Have a look at the dip on SF1 too, happened at the same time and went down by about 90%

interesting, my gambling syndrome suddenly awakens... Smiley
are these extensions of the current bullrun or what's going on?
btc investments always seemed like a logical hedge during bear phases, though the neobee disaster deterred me to dive further into that area. 
hero member
Activity: 770
Merit: 501
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)


I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake.

0.09 is just ridiculous.
iirc ipo was 0.15, besides lack of info anything below 0.2 still feels like a bargain.
full member
Activity: 224
Merit: 100
Again thanks for the input Jutarul.
hero member
Activity: 617
Merit: 559
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)


I was actively trading during the lightning storm sell-off and I could have sworn I saw 0.09 sold. Only 1 share however as soon as I saw that recent trade I did a head shake.
hero member
Activity: 770
Merit: 501
I still can't believe I missed that 0.09 train. Will it ever get that low again or have we seen the new floor now? Spewing I couldn't liquidate other assets quick enough. FCs info to come I'm sure will have everyone that sold out that low feeling like the biggest fools.


Whaa??  .09?  when did that happen?  Goat said he caught .13, but the lowest I saw was .17,  And I was quite pleased with that, at the time  Cheesy

havelock chart says low of 0.11 on friday (https://www.havelockinvestments.com/fund.php?symbol=AM1)
legendary
Activity: 1260
Merit: 1002
There is actually no signs of it being in the negative way. Chips are real, working, tested & being sold.
edit: what more would you want? all the contracts and bills? check out Avalon or Hashfast with their bogus chips to see what would be really bad. AM is doing a great job.

We can only know what FC releases (if we agree to believe him), everything else is speculation or conjecture. If you say all the statements may be different, they could be in both ways (positive/negative) - we don't know. The chips are working, yes, there are customers, friedcat has a great track reckord.
Apart from that - please base your projections on the only official current data we have: the financial report. There may still be income for April trickling in, or more products coming from the May batch: Yes, possible. But there's nothing that indicates that. Possible, yes - but no concrete reason to expect that. Please apply Occam's Razor.

we are obviously in a blur here not because of FC's mismanagement but rather to keep a competitive edge by not revealing everything. at least thats what jutarul said.

edit: this XBTec company is getting more and more interesting.. collaborating with russian, reviewed by peer and estimated competitive prices (plus those enormous ICed mining rigs).. i really wonder how many chips they ordered from AM
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