Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 429. (Read 3917543 times)

That is pretty much true anyone who buys shares post IPO is a speculator since they did not provide the initial capital to the company what they value it as is not AM's problem so much as building the best product possible aka long term needs vs short term shareholder concerns
Benefit of having a majority of shares owned 

Investors were @IPO, and purchased shares from ASICMINER.  Those that purchased shares of ASICMINER from Investors are Speculators 

I would like FC to address the whole rockminer thing; the ipo bought up by private parties pre-ipo, what prices are AM giving to Rockminer? how many (if any) shares of rockminer does FC own?
 I feel this rockminer deal needs total transparency, from AM's side at least, otherwise there will always be suspicions of shady insider dealing, or worse that it is an umbrella company designed to siphon prophets away from AM shareholders and into the hands of rockminer exclusively. If divs and share value continue to suffer people most definitely will begin to ask questions, wouldnt you agree..

and before the cheerleaders try to shout me down with cries of "FC has no reason to go rouge" I only ask for clarification of details and transparency. Anyone can get greedy, regardless of past preformance, thats why transparency is usually offered voluntarily...reassurance in facts rather than paranoia via conjecture. And TBH, that rockminer thing seemed a little off to me. and to address the argument that FC has significant shares in AM isnt good enough either. we saw a few sell-offs take place just before the IPO, one could still sell off shares now and cash out nicely, especially seeing as the future profits are now available through one's rockminer position.

This isnt FUD, these are my legitimate concerns. heck, I wanted in on the rockminer IPO, but as many of you found out, that was for those in the loop only it seems.

I have been saying this for months too and fully agree with you. There will be a point (sooner rather than later) when AM and say KnC have 28nm chips with nearly identical stats.  Yes, they will both be engineering chips with smaller architecture, but at that point AM's immersion cooling, franchising and distribution networks will come into play.  

Can we stop confusing "investors" with "new investors"?  New investors have not made 6x IPO.  Newcomers have every right to feel the way they do.  They want more information about what's going on.

Yes, keep the questions coming! I don't intend to be the victim of "you should've asked X" accusations afterwards
I will include obvious ones like "Time/Quantity of upcoming batches", "When will mining ramp up?", Something-rockminer

Agreed.

Also- did we ever get to the bottom of the preliminary specs being posted and then deleted by FC? A mistake by an underling?

weren't we organizing another round of questions to forward to friedcat? "future plans" should certainly be on there

It doesn't mean BitFountain just be a "R&D > Deploy > Enjoy Good Times > 'Mining Famine' > R&D" and repeat. Less than a couple years ago, people thought ASICs weren't feasible and the thought of developing something that was more efficient than an AMD GPU was crazy. ASICs still has quite a ways before it reaches current CPU sizes (~22nm). DeathandTaxes had a post back, talking about BTC ASIC vs. CPU. While everyone is clamoring over Gen 3, here's something to consider:

Using BitcoinClock as an estimate, the next having will be on 2016-08-25 (very likely sooner). Based on that timeline, we're looking at maybe 1 or 2 ASIC generations before it's down to 12.5 BTC a block? Preferably, it'd be nice to be ready for that.

I'm with you Franktank. I asked this a lot earlier on.

For me, it's like when I hear a startup pitch... I want to know about the short term plan, but I'm mostly interested in the long term vision. Maybe with ASICMINER the short term plan is enough though... basically, the plan is "there is a unique opportunity to make a million or so bitcoins from mining over the next two years... and then we can retire"

Planning 6 months out in the bitcoin world is nearly the equivalent of planning 6 years ahead in the outside world if you ask me.  Ignoring that, friedcat working with Allied Control on the cooling system shows long term thought.  It will not be long before ASIC's hit the wall of the current state of chip development, and miners compete not on hardware, but on electricity and cooling costs.

Iceland and Washington state are going to be huge in the next 5 years.

AM has paid out 6x IPO prices to investors. It's not his fault if you overvalued share prices. No other company allows the every day forum crawler to join in on profits, remember that.

Honestly, I'm surprised why people aren't demanding more about Gen 4/5 R&D or what the 5 year road map is (especially with the next block halving). A flawed metaphor perhaps but thinking that "next gen ASICs" is the only big payout seems a lot like "living paycheck to paycheck." Ideally, AM grows beyond that.

WTF?  What have you done?  Friedcat already paid back the initial investment, and then some... everything here on out if gravy.

friedcat, What are you doing now?
In the bitcoin world, time is the money and competence, you have wasted much time to despair the investor.

Also does not include the immersion cooled DC.

Directly from AM I do believe, it is not an estimation, but it does not include franchises.  (this information is from memory, but the original post where this info was given out is somewhere deep in this thread.)

Where does that chart get the hashrate?

While this may largely benefit shareholders, there is one thing that separate AM from other manufactures: sustained, long-term Good will from the BTC community.

Getting max profits fast is nice but at the heavy cost of miners turning away. Look at KnC, Avalon, etc. We're here for the long game, not just to line our pockets once.

Well I'd expect abysmal results from the old equipment but zero for the period seems lower than anticipated. FC was working with packaged chips on the 29th so it isn't out of reason IMHO they'd cut their losses in preparation.

edit : seen.

May be time to pool the old effort rather than all or none.

O/T interesting information regarding how much of the distribution Bitmain is crediting to the S1.

Currently S1 is most popular miner for mining enthusiasts.  S1 is currently deployed in large binary trees structures within the private and public mining pools servicing 20.3% of the entire network hash rate.