ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 428.

shawshankinmate37927

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Quote from: rockxie on April 04, 2014, 11:29:23 PM

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Yes, there will be many companies buying AM's chips and of course you're free to start your own mining business, but surely you can see why some AM shareholders are justfiably concerned. Especially if a "business partner" is able to be first in line and is then able to purchase chips for less than other businesses would presumably be willing to pay. Don't you think that your business is getting preferential treatment? As an AM board member, do you think this is the best way for AM to maximize profitability?

necro_nemesis

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Quote from: minerpumpkin on April 05, 2014, 08:47:17 AM

Yes, well, it doesn't apply here. Again: What incentive does Friedcat have to keep the stock price high?

Simple 236,038 shares that would have far greater value than what the company earns this one round. In an environment where shareholder confidence is high he can sell shares at multiples of earnings without concern for effecting the price of the stock. Happens everyday on the market as declared insider trades.

When it was low or as it is could be perceived as low he could also offer to buy back shares if he wanted to do away with the investors, but he hasn't done that.

cs54

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Just curious -- Was anyone here familiar with Rockxie before the RM hubbub? I know folks have said he's respectable and an AM board member, but I wonder who had actually heard of/interacted with him/her.

server

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1 BTC =1 BTC

Only 18,750 Rocketminer IPO shares of 75,000 were offered to the community in a 3 minute session... so maybe 20 guys got lucky ?!?

I believe a lot of the guys posting here have also RM shares so they're not objective, their only goal is highest possible profit for Rocketminer.
Only thing they need is Asicminer selling chips at lowest price possible and making max. margin on the hardware.

If you ask me this setup is the oldest trick in the book.

[edit]
But I could be wrong Wink

[/edit]

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: necro_nemesis on April 05, 2014, 08:32:34 AM

Quote from: minerpumpkin on April 05, 2014, 07:52:39 AM

Remember, I believe in and trust FC/AM and am also all for more information coming through. Simply playing devil's advocate here: Friedcat couldn't care less about the share price or communicating every minor detail. As long as the plan works out and he gets his share.

Which is contrary to why companies go public. If you look at any well managed company the stock price is multiples of it's earnings.

Yes, well, it doesn't apply here. Again: What incentive does Friedcat have to keep the stock price high?

necro_nemesis

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Quote from: minerpumpkin on April 05, 2014, 07:52:39 AM

Remember, I believe in and trust FC/AM and am also all for more information coming through. Simply playing devil's advocate here: Friedcat couldn't care less about the share price or communicating every minor detail. As long as the plan works out and he gets his share.

Which is contrary to why companies go public. If you look at any well managed company the stock price is multiples of it's earnings.

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: necro_nemesis on April 05, 2014, 07:25:13 AM

I am seeing unanswered questions that have zero risk of negatively affecting the company's performance but are vital to stock performance. There's no need to leave those questions unanswered.

Quote from: jdany on April 05, 2014, 07:35:57 AM

They really need PR.

Remember, I believe in and trust FC/AM and am also all for more information coming through. Simply playing devil's advocate here: Friedcat couldn't care less about the share price or communicating every minor detail. As long as the plan works out and he gets his share.

necro_nemesis

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I fully expect sensitive issues to remain under wraps but questions regarding the public side of the shareholder holdings require attention. I really don't need to hear about past performance being justification for not having expectations. This was sold as shares and not bonds to be repaid through dividends.

jdany

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Inspired

They really need PR.

necro_nemesis

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Quote from: jdany on April 05, 2014, 05:39:18 AM

But in this industry, you have to keep your plans on the DL. Or else, your competition catches up quick.

I'm not worried until I have a reason to be.

I am seeing unanswered questions that have zero risk of negatively affecting the company's performance but are vital to stock performance. There's no need to leave those questions unanswered.

jdany

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Inspired

FC is the only chipmaker that has delivered exactly as promised every single time.
Not a single misstep.
Kept pricing on Blades & BE's perfectly marketable right up to the end.

The Gen2 thing is just part of doing business.
He was smart enough to pull the plug on something that wasn't going to work out.

The guy is smart. He's savvy.
He's not going to give a special deal to someone on chips, without getting something of equal value in return.

As investors, we get short sighted some times... especially when we don't have a copy of the plan.
But in this industry, you have to keep your plans on the DL. Or else, your competition catches up quick.

I'm not worried until I have a reason to be.

necro_nemesis

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Would have preferred stated alliance over partners.

Would preferred the statement that FC has no interest in RM or benefits from it's performance. (no holding company, whether shares account for 100% of the company, whether there are reimbursements, etc).

bitcoin.newsfeed

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^^ @spartan82 : It's not a point. I don't care about RM, all I care about is AM here. "so there is no guarantee that they will be getting these chips at a ridiculously low price" ... so we should only Hope & Believe™ then? Nope. I want to see proof and facts.

explorer

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Quote from: spartan82 on April 05, 2014, 03:02:59 AM

Sorry to chime in here but the bloke never mentioned that he is running a non profit organization. If Rockxie can get cheaper chips from bitmine and Avalon so be it. Everyone goes into business to make money and I'm sure that fc shares the same view. Now that everyone is aware that fc/asicminer does not hold shares with Rockxie then I'm sure that will ease asicminer investors. The fact that Rockxie came out to say that they will be looking for Avalon and bitmine chips should be enough to say that asicminer chips will not be their one and only preference, so there is no guarantee that they will be getting these chips at a ridiculously low price.

As a AM shareholder, Rockxie will profit more from buying AM chips than Avalon or others, so all else being equal, he's going to buy AM chips. That is good for all AM shareholders. If other manufacturers can supply him and leave a greater profit margin than even the effective rebate of buying AM chips, then AM chips are truly not competitive, and they will be better used for in-house mining. Either way AM shareholders profit.

spartan82

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Quote from: bitcoin.newsfeed on April 05, 2014, 01:39:24 AM

Thank you? Really? For what? Are you satisfied with this answer? Only words ... we knew all of this crap before. Numbers matters, chip selling price. Rockminer can't be preferred in chip sales.

This is what is important :

Quote from: Holographic on April 03, 2014, 12:52:20 PM

ASICMINER should rethink their approach here, and sell the chips to the highest bidders as well as mine for themselves.

I'll patiently wait for update from Jutarul or Friedcat on this.

Quote from: Jutarul on April 03, 2014, 04:24:52 PM

I've asked for a clarification meeting on these issues.

EDIT : Btw sure Rockxie, you are saint. You want only help poor ASICMINER, it is not about your personal profit at all. Truth is that you'll purchase chips from anybody who will offer you better price, you mentioned this in you IPO thread, that you'll be looking also for AVALON and BITMINE chips.

Sorry to chime in here but the bloke never mentioned that he is running a non profit organization. If Rockxie can get cheaper chips from bitmine and Avalon so be it. Everyone goes into business to make money and I'm sure that fc shares the same view. Now that everyone is aware that fc/asicminer does not hold shares with Rockxie then I'm sure that will ease asicminer investors. The fact that Rockxie came out to say that they will be looking for Avalon and bitmine chips should be enough to say that asicminer chips will not be their one and only preference, so there is no guarantee that they will be getting these chips at a ridiculously low price.

bitcoin.newsfeed

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Thank you? Really? For what? Are you satisfied with this answer? Only words ... we knew all of this crap before. Numbers matters, chip selling price. Rockminer can't be preferred in chip sales.

This is what is important :

Quote from: Holographic on April 03, 2014, 12:52:20 PM

ASICMINER should rethink their approach here, and sell the chips to the highest bidders as well as mine for themselves.

I'll patiently wait for update from Jutarul or Friedcat on this.

Quote from: Jutarul on April 03, 2014, 04:24:52 PM

I've asked for a clarification meeting on these issues.

EDIT : Btw sure Rockxie, you are saint. You want only help poor ASICMINER, it is not about your personal profit at all. Truth is that you'll purchase chips from anybody who will offer you better price, you mentioned this in you IPO thread, that you'll be looking also for AVALON and BITMINE chips.

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Quote from: rockxie on April 04, 2014, 11:29:23 PM

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Thank you for the update! I would more then welcome you posting an update now and then in this thread on how RockMiner is doing, as I think it is relevant to the overall topic. I would watch RockMiner information directly, but a good portion of what I find is not in English.

Would you care to state the status/quantity/price of your chip order?

Chris_Sabian

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Quote from: rockxie on April 04, 2014, 11:29:23 PM

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Thank you for the update and clarification on some of the issues that have been a topic of interest to the shareholders of AM and the community at large.

coldguy

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Hi Rockxie, thanks for this information.

Does this mean that you are going to purchase the chips at the same price as the other consumers? You are not going to have a discount somehow using your board member status?

Quote from: rockxie on April 04, 2014, 11:29:23 PM

Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

rockxie

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Hi, guys, I'm sorry to puzzle you, RockMiner is a new start-up compay which is just a business partner of ASICMINER. We are going to purchase AM's chips to produce miners and there will be many companies like us. Yes,I'm a board member of ASICMINER ,but that doesn't mean I can't start my own miner business since ASICMINER is starting to sell chips. What we want to do is do our best to be the one of the most powerful partners of ASICMINER and to help ASICMINER achieve greater goals. BTW, ASICMINER or friedcat has no shares of ROCKMINER at all. Most of ROCKMINER shares were purchased by users of this community after I posted the IPO topic. We will release board member information later at our official website of rockminer.com.

Thank you all.

-- Rockxie

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 428. (Read 3917543 times)