Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 430. (Read 3917543 times)

Sir, I like the way you think.

Last block was 20th of March. What are the chances mining was shut down to retool?

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

Agreed. I'm all for auctioning off the units and getting the highest return possible. This way we ensure that everyone gets a fair chance not just first come first serve but those that want them the most will be willing to pay the most. Best case scenario for the shareholders

+1, I am also for transparent auction format, great idea ! Jutarul, please, address that on the next board meeting. This is the best solution what i heard here in past several weeks.

AMEN TO THAT.

That would eliminate any favoritism towards Rockminer and insider dealings.  Openly sell off batches of chips in auction format.  Do you remember the big AM divs of ~0.038 BTC/share last year?  That was when we were auctioning off blades at 50 BTC a pop, while mining full force.  The auction format is perfect. 

FC, please tell me you were able to get a chip to explode! 

Thats why I said "The reality seems to be....." and added "If I am mistaken about some of the facts surrounding this, I apologize."

It was pretty clear that I wasn't touting this as fact. I own a substantial amount of shares in ASICMINER and have no interest in buying more of them, so it was simply me voicing my concerns, not spreading FUD.

Before going down speculative rabbit holes bear in mind there are members on the board that have a far greater interest in keeping this venture on the straight and narrow than most of the rest of us. One would expect if something was being done to harm the value of thier investment and not maximize returns they would be voicing their objections.

This is not reality it is speculation. There is nothing that suggests FC is giving RM any special deals.


Sounds a bit like FUD to me.

Well, you would have a point if the chips were being sold for the maximum price attainable in the market. The reality seems to be that another entity (Rockminer) has been set up by some buddy of Friedcat, who is apparently getting priority on chips and buying them dirt cheap. This is without a doubt taking profits directly out of ASICMINER shareholders pockets and seems very underhanded to me. If I am mistaken about some of the facts surrounding this, I apologize.

Combine this with less and less information from Friedcat, and irregular dividends the last few weeks, and I have to admit I'm getting a bad feeling. I own a considerable amount of shares in this company, so I'm definitely not just talking down the price here, I'm just a concerned shareholder.

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

It is my unfounded assumption that these companies were given A) a Gag order and B) an ultimatum to either produce KYC data on their customers or close.

This caused, bitfunder and btct.co to choose to close and Havelock to move to Panama.

*sigh* Thanks.

Nobody knows still.

I don't want to derail the thread too much... but does any one know what the exact reason was for btct.co and bitfunder getting closed was? Was it because of a direct action of the SEC? A perceived problem with the SEC? Something else entirely?

I could never understand why the exchange operators were so silent about the whole thing.

I dont' see the cause for complaint.

On one hand, they could make chips, assemble mining equipment, dump it all into a datacenter, and then start paying ever decreasing divs, as they and everyone else keeps dumping mining equipment into the market.

Or, they could take those mining units they've manufactured, sell them for at least the max amount of BTC they'd expect from it over its lifetime (or even quite a bit more... remember the horrible deal that USB Block Eruptors became, yet people kept buying them up?), and you get your "mining" revenue all upfront from the chipbuyer, rather than have to wait for the chip to actually generate that same revenue.

Look at what's happened to difficulty since last July when ASIC's started hitting the market for real... now imagine how much ASICMiner would have had to reinvest in their operation just to maintain 10% of the market. Would there have been any div's at all, if that were the case?

Seems clear that selling chips is far more optimal than maintaining a presence on the network now that the ASIC armsrace is in full swing. I wouldn't be dissappointed by the shift in strategy, but rather thankful that FC & Co are openminded and nimble enough to navigate these waters.

Of course, i have no skin in the game, sold out of my shares a long time ago (before BTCT.co shuttered)

Nothing in the address so I would think no divs.

Desperately looking forward to seeing final chip specs and testing results.

Hurry up, FC & team!

Div prediction is zero, unless there is some BTC to be had from chip sales to Rock Xie or we get lucky and find a block.

Div predictions anyone? 

   ... and any of you bastards that whine about your div-share being late paid out gets blocked