ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 390.

mikemikemike

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Quote from: minerpumpkin on May 15, 2014, 10:08:38 AM

Quote from: mikemikemike on May 15, 2014, 10:04:40 AM

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

Quote from: Jutarul on April 29, 2014, 06:56:27 PM

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.

Will do.

Cheers for this guys.

On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mikemikemike on May 15, 2014, 10:04:40 AM

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate.

20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad.
Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read.

Quote from: Jutarul on April 29, 2014, 06:56:27 PM

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: mikemikemike on May 15, 2014, 10:04:40 AM

Quote from: minerpumpkin on May 15, 2014, 09:56:36 AM

Quote from: mikemikemike on May 15, 2014, 09:55:05 AM

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate. Not that I don't trust you, which I do, but that does sound too good to be true

Quote from: Jutarul on April 29, 2014, 06:56:27 PM

...

3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.

4) What are the current approximate terms of franchised mining, i.e. what does it take to become a franchisee and how are AM and the shareholders profiting from it?
re 4) We have the deployment team to investigate and audit the franchisees. We prefer the original 80/20 division and the 80% are calculated as our mining income. But the cost of the device (without chips) needs to be calculated in so there will be adjustments.

mikemikemike

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Activity: 224

Merit: 100

Quote from: minerpumpkin on May 15, 2014, 09:56:36 AM

Quote from: mikemikemike on May 15, 2014, 09:55:05 AM

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??

Where are you getting this from?

Sorry, I just want to make sure my numbers are going to be accurate. Not that I don't trust you, which I do, but that does sound too good to be true

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mikemikemike on May 15, 2014, 09:55:05 AM

Am I correct in assuming mining will be @ 3PH?

Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more.
Selling chips remains the main strategy, though.

mikemikemike

copper member

Activity: 224

Merit: 100

Am I correct in assuming mining will be @ 3PH? With 50% coming online in may June and the other 50% coming online in June July?

necro_nemesis

full member

Activity: 224

Merit: 100

Quote from: minerpumpkin on May 15, 2014, 09:34:25 AM

Quote from: hdbuck on May 15, 2014, 09:29:33 AM

Quote from: BitHub on May 15, 2014, 09:25:36 AM

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC Cheesy

my first selling orders are at 1,15BTC Grin

Do you guys remember touching 4 BTC last summer? Cheesy

good times!

Yeah and we also remember BTC being significantly less than it's present value.

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: minerpumpkin on May 15, 2014, 09:44:31 AM

Quote from: mikemikemike on May 15, 2014, 09:41:37 AM

Quote from: minerpumpkin on May 15, 2014, 09:38:56 AM

Quote from: mikemikemike on May 15, 2014, 09:34:09 AM

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking there are 400,000 shares?

Yes. I believe a couple (2 digit range) of shares got 'lost' when an exchange collapsed and no one claimed them, but that's negligible. AM owns 2/3, the rest is being held by investors and speculators.
Care to give us an insight in your calculations or ideas what you expect?

Will do, just trying to get the base figures correct first

Does anyone have any details on mining and any other revenue streams?

Its annoying this is nearly a thousand pages long, for new investors getting information to make an analysis is a nightmare

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mikemikemike on May 15, 2014, 09:41:37 AM

Quote from: minerpumpkin on May 15, 2014, 09:38:56 AM

Quote from: mikemikemike on May 15, 2014, 09:34:09 AM

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking there are 400,000 shares?

Yes. I believe a couple (2 digit range) of shares got 'lost' when an exchange collapsed and no one claimed them, but that's negligible. AM owns 2/3, the rest is being held by investors and speculators.
Care to give us an insight in your calculations or ideas what you expect?

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: minerpumpkin on May 15, 2014, 09:38:56 AM

Quote from: mikemikemike on May 15, 2014, 09:34:09 AM

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

This might be my bad. I think I've got the capital wrong. Am I correct now thinking their are 400,000 shares still?

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: minerpumpkin on May 15, 2014, 09:34:25 AM

Quote from: hdbuck on May 15, 2014, 09:29:33 AM

Quote from: BitHub on May 15, 2014, 09:25:36 AM

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC Cheesy

my first selling orders are at 1,15BTC Grin

Do you guys remember touching 4 BTC last summer? Cheesy

good times!

AMEN TO DAT, BOYS AND GALS, STOP FUDDING, SUMMER IS COMING! Cheesy

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mikemikemike on May 15, 2014, 09:34:09 AM

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below.
We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price.
Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares.

necro_nemesis

full member

Activity: 224

Merit: 100

Take the divs and keep the shares for the future. Bitcoin is going to be mined for a very long time. This is merely round 2 of AM's fortunes. Wink

mikemikemike

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Activity: 224

Merit: 100

Can someone please tell me the total amount of shares issued? Held privately and publicly.

Edit: 400,000 is correct?

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: hdbuck on May 15, 2014, 09:29:33 AM

Quote from: BitHub on May 15, 2014, 09:25:36 AM

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC Cheesy

my first selling orders are at 1,15BTC Grin

Do you guys remember touching 4 BTC last summer? Cheesy

good times!

mikemikemike

copper member

Activity: 224

Merit: 100

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

Ohhh my god. Those figures are terrible. Is that what people around here are going on?!

Seriously, am I the only person who can see multiple problems with that logic?

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: BitHub on May 15, 2014, 09:25:36 AM

do you think it could go above .5 once divs are here?

if divs are good, it can easily go >1BTC Cheesy

my first selling orders are at 1,15BTC Grin

_mr_e

legendary

Activity: 817

Merit: 1000

Quote from: BitHub on May 15, 2014, 09:25:36 AM

do you think it could go above .5 once divs are here?

It's already been higher then .6 with no divs here at all... so yes I believe it should go even higher.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mikemikemike on May 15, 2014, 09:17:45 AM

Quote from: minerpumpkin on May 15, 2014, 09:16:30 AM

Quote from: BitHub on May 15, 2014, 09:11:47 AM

i'm just worried about share price completely collapsing. someone please save it

It's a bit unnerving, yes. Granted, sure! But it simply doesn't affect the outcome of ASICMiner's endeavours. Friedcat won't be like "Whoa, the share price crashed to 0.3 BTC, if it doesn't get back to at least 0.55 we won't be able to sell a single chip!"
If it only goes up to 0.5 after dividends come in, with the income of the first 3 months, we would be at an APR or 50%! Well, I don't believe this is going to happen without the share price reacting accordingly.

Has anyone actually run the numbers? I'd like to take a look

Although Jimmothy is known to be quite some optimist, I've done a brief calculation myself as soon as the chip amounts became public and independently ended up with about the same results.
It remains to be seen whether the price of the chips stays the same.

Quote from: jimmothy on April 21, 2014, 05:44:22 PM

Quote

1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G.

100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc

100,000/400,000 = 0.25 btc per share. Not bad.

BitHub

sr. member

Activity: 253

Merit: 250

do you think it could go above .5 once divs are here?

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 390. (Read 3917543 times)