ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 615.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: jimmothy on November 03, 2013, 07:26:19 PM

You are forgetting that there is no such thing as a 0.06 div coming.. Simply made up number.
....
In reality it will be nowhere near 0.06 per share.

show your math.

The cost of manufacture has already been accounted for, in previous dividends. We paid for this development upfront, not at the end. The company won't be subtracting manufacturing cost from hardware sales to determine dividend.

We're looking at sale price - shipping costs/400,000.

Kouye

sr. member

Activity: 336

Merit: 250

Cuddling, censored, unicorn-shaped troll.

Quote from: prancing_around on November 03, 2013, 07:13:03 PM

I think I'm gonna sue friedcat as well, charge him with breaking my heart Cry

Friedcat never lied about being a hairy guy. This will go nowhere.
Or will it? Grin

jimmothy

hero member

Activity: 770

Merit: 509

Quote from: velacreations on November 03, 2013, 01:53:29 PM

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Very easy for you to say after it did happen.

everyone's a perfect investor using hindsight...

Quote from: ex-trader on November 03, 2013, 12:09:27 PM

And that alone shows how naive the investors are who move their price perception based on dividends that'll only last weeks at best.

I don't know. Current prices are around .7 for AM, so buying now with the .06+ div coming over the next month earns you roughly 9% on your investment. That's not a bad investment.

And seeing how share prices respond to increased dividends, it's likely that you'll be able to sell those shares at week 4 for more than you can buy them now.

In the current Bitcoin securities market, I'd say 9% in a month ain't too shabby.

You are forgetting that there is no such thing as a 0.06 div coming.. Simply made up number. To properly calculate how much dividends shareholders will recieve from the sales of all 500gh/s of these gen1 you have to subtract the cost to manufacture and distribute and then you can calculate the profit. In reality it will be nowhere near 0.06 per share.

However the cube proves that FC can provide competitive hardware using old tech, when he switches to gen2 he will have a huge advantage.

prancing_around

newbie

Activity: 30

Merit: 0

I think I'm gonna sue friedcat as well, charge him with breaking my heart Cry

SebastianJu

legendary

Activity: 2674

Merit: 1083

Legendary Escrow Service - Tip Jar in Profile

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Quote from: ex-trader on November 03, 2013, 12:09:27 PM

Quote from: velacreations on November 03, 2013, 12:06:43 PM

Quote from: ex-trader on November 03, 2013, 11:48:36 AM

A one-time 0.06 div from this entire batch is hardly gonna save these shares.

well, the share price has increased 30+% since the news of these broke. And while .06/share is not huge, it is 20 times greater than the last dividend. I imagine it will be split over several weeks, looking at .015/week at most.

That being said, I don't think this revenue is meant to "save" the share price, but merely keep things afloat until the next gen/deployment happens. If divs can be larger than .01 a week for 4-6 weeks, I think you'll see share prices go to 1.5 or beyond.

And that alone shows how naive the investors are who move their price perception based on dividends that'll only last weeks at best.

Thats just like when people bought AM above 5BTC because they were paying divs from 40% of the network, which was clearly unsustainable.

Very easy for you to say after it did happen.
Back then everything was said to be on track and as predicted. Since FC was underpromising and overdelivering such expectations were justified.

As we learned along the way information was not spread evenly among shareholders and we could see that some investors were selling in panic. Like eb3full for example who suddenly and out of nowhere put his 3500 shares on "pay what you want, now" sale auction. Also Vycid commented something like "I know some big whales who will be dumping soon". If I remember correctly.

So in my opinion only those who were privileged to information about incoming gen2 failure could make such a short call. Or those who were betting that after successful streak friedcat will trip on something eventually.

3500 shares arent enough to get a place in the privileged forum.

pinky

hero member

Activity: 538

Merit: 500

Quote from: bitcoin.newsfeed on November 03, 2013, 02:13:04 PM

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Very easy for you to say after it did happen.
Back then everything was said to be on track and as predicted. Since FC was underpromising and overdelivering such expectations were justified.

As we learned along the way information was not spread evenly among shareholders and we could see that some investors were selling in panic. Like eb3full for example who suddenly and out of nowhere put his 3500 shares on "pay what you want, now" sale auction. Also Vycid commented something like "I know some big whales who will be dumping soon". If I remember correctly.

So in my opinion only those who were privileged to information about incoming gen2 failure could make such a short call. Or those who were betting that after successful streak friedcat will trip on something eventually.

+1 , well said sir, well said ...

Welcome to free market, where you sometimes have to think with your own head and make logic conclusions. I am very sorry if investors didn't see the correction coming, it was very evident.

ex-trader

sr. member

Activity: 298

Merit: 250

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Very easy for you to say after it did happen.

I did say so back then and sold out 100% of my shares. I'm trying to find the posts, but the search function is crap and I'm not keen to manually read 750 pages to find them.

bitcoin.newsfeed

sr. member

Activity: 378

Merit: 250

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Very easy for you to say after it did happen.
Back then everything was said to be on track and as predicted. Since FC was underpromising and overdelivering such expectations were justified.

As we learned along the way information was not spread evenly among shareholders and we could see that some investors were selling in panic. Like eb3full for example who suddenly and out of nowhere put his 3500 shares on "pay what you want, now" sale auction. Also Vycid commented something like "I know some big whales who will be dumping soon". If I remember correctly.

So in my opinion only those who were privileged to information about incoming gen2 failure could make such a short call. Or those who were betting that after successful streak friedcat will trip on something eventually.

+1 , well said sir, well said ...

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: Franktank on November 03, 2013, 01:42:34 PM

Quote from: ninjarobot on November 03, 2013, 01:00:25 PM

Quote from: Rival on November 03, 2013, 11:19:27 AM

Quote from: ninjarobot on November 03, 2013, 11:13:52 AM

The AM cube just seems to be a nifty way to repackage Gen1 chips...

I am not sure how he puts over 100 gen1 chips in that little box without causing nuclear fusion to occur. The unit is less than the 1 cubic foot it ships in.

Perhaps this is the first immersion cooling product from AM?

Or are you suggesting that the cube will be gen2 hardware? I thought gen2 was dead in the water and gen3 is scheduled for February...

Last time I checked, a "full mask for 40 nm" would not be considered dead in the water.

Sweet! So there will be a gen2 after all and release of a new product line (cubes) based on these is imminent? That would be good news!

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: hammurabi on November 03, 2013, 12:46:44 PM

Very easy for you to say after it did happen.

everyone's a perfect investor using hindsight...

Quote from: ex-trader on November 03, 2013, 12:09:27 PM

And that alone shows how naive the investors are who move their price perception based on dividends that'll only last weeks at best.

I don't know. Current prices are around .7 for AM, so buying now with the .06+ div coming over the next month earns you roughly 9% on your investment. That's not a bad investment.

And seeing how share prices respond to increased dividends, it's likely that you'll be able to sell those shares at week 4 for more than you can buy them now.

In the current Bitcoin securities market, I'd say 9% in a month ain't too shabby.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: ninjarobot on November 03, 2013, 01:00:25 PM

Quote from: Rival on November 03, 2013, 11:19:27 AM

Quote from: ninjarobot on November 03, 2013, 11:13:52 AM

The AM cube just seems to be a nifty way to repackage Gen1 chips...

I am not sure how he puts over 100 gen1 chips in that little box without causing nuclear fusion to occur. The unit is less than the 1 cubic foot it ships in.

Perhaps this is the first immersion cooling product from AM?

Or are you suggesting that the cube will be gen2 hardware? I thought gen2 was dead in the water and gen3 is scheduled for February...

Last time I checked, a "full mask for 40 nm" would not be considered dead in the water.

ninjarobot

hero member

Activity: 761

Merit: 500

Mine Silent, Mine Deep

Quote from: Rival on November 03, 2013, 11:19:27 AM

Quote from: ninjarobot on November 03, 2013, 11:13:52 AM

The AM cube just seems to be a nifty way to repackage Gen1 chips...

I am not sure how he puts over 100 gen1 chips in that little box without causing nuclear fusion to occur. The unit is less than the 1 cubic foot it ships in.

Perhaps this is the first immersion cooling product from AM?

Or are you suggesting that the cube will be gen2 hardware? I thought gen2 was dead in the water and gen3 is scheduled for February...

hammurabi

full member

Activity: 223

Merit: 100

Quote from: ex-trader on November 03, 2013, 12:09:27 PM

Quote from: velacreations on November 03, 2013, 12:06:43 PM

Quote from: ex-trader on November 03, 2013, 11:48:36 AM

A one-time 0.06 div from this entire batch is hardly gonna save these shares.

well, the share price has increased 30+% since the news of these broke. And while .06/share is not huge, it is 20 times greater than the last dividend. I imagine it will be split over several weeks, looking at .015/week at most.

That being said, I don't think this revenue is meant to "save" the share price, but merely keep things afloat until the next gen/deployment happens. If divs can be larger than .01 a week for 4-6 weeks, I think you'll see share prices go to 1.5 or beyond.

And that alone shows how naive the investors are who move their price perception based on dividends that'll only last weeks at best.

Thats just like when people bought AM above 5BTC because they were paying divs from 40% of the network, which was clearly unsustainable.

Very easy for you to say after it did happen.
Back then everything was said to be on track and as predicted. Since FC was underpromising and overdelivering such expectations were justified.

As we learned along the way information was not spread evenly among shareholders and we could see that some investors were selling in panic. Like eb3full for example who suddenly and out of nowhere put his 3500 shares on "pay what you want, now" sale auction. Also Vycid commented something like "I know some big whales who will be dumping soon". If I remember correctly.

So in my opinion only those who were privileged to information about incoming gen2 failure could make such a short call. Or those who were betting that after successful streak friedcat will trip on something eventually.

ventolin

newbie

Activity: 20

Merit: 0

Quote from: KCBitcoin on October 29, 2013, 02:03:35 AM

Quote from: ventolin on October 29, 2013, 01:46:22 AM

Somebody, please, explain me: how to sell my shares that was automatic transfer to Friedcat?

Importing Shares to Havelock Investment
There is no fee to import shares. There is no minimum quantity for importing shares.

How to Import Direct Shares:
1. Send an e-mail to [email protected] & TAT Investments at [email protected] with the following message:

”Friedcat, please transfer (X) of my shares to the TAT Investments account at 1rHfXj4AwH9zymwwJuXnbXLiDbAE9V1uz -- [email protected]”

Also include the following info:
- Your current ASICMINER share-holding wallet address & e-mail address
- The quantity of shares you wish to transfer

2. If the e-mail address you have on file with ASICMINER is different than the one you use for your Havelock account, you MUST send an e-mail from the e-mail address you have registered with Havelock confirming this import request. If this is the case, please provided a dated, signed message from the host wallet to confirm ownership.
3. After confirmation from Friedcat is received, the AM1 shares will be added to your account within 48 hours or less.

NOTE: TAT Investments is not responsible for delays or errors in transfer confirmations by ASICMINER staff.
Please follow these instructions carefully to avoid problems.

Sending request by this rules for transfering.

P.S.: KCBitcoin thank you very much.

jawnzer

newbie

Activity: 28

Merit: 0

Quote from: ninjarobot on November 03, 2013, 11:07:55 AM

Redfury eating AM's lunch:

http://youtu.be/zp0pM6UHono?t=44s

http://www.coindesk.com/redfury-2-6gh-usb-miner-now-available/

I must be missing something, somebody would actually pay for this?

ex-trader

sr. member

Activity: 298

Merit: 250

Quote from: velacreations on November 03, 2013, 12:06:43 PM

Quote from: ex-trader on November 03, 2013, 11:48:36 AM

A one-time 0.06 div from this entire batch is hardly gonna save these shares.

well, the share price has increased 30+% since the news of these broke. And while .06/share is not huge, it is 20 times greater than the last dividend. I imagine it will be split over several weeks, looking at .015/week at most.

That being said, I don't think this revenue is meant to "save" the share price, but merely keep things afloat until the next gen/deployment happens. If divs can be larger than .01 a week for 4-6 weeks, I think you'll see share prices go to 1.5 or beyond.

And that alone shows how naive the investors are who move their price perception based on dividends that'll only last weeks at best.

Thats just like when people bought AM above 5BTC because they were paying divs from 40% of the network, which was clearly unsustainable.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: ex-trader on November 03, 2013, 11:48:36 AM

A one-time 0.06 div from this entire batch is hardly gonna save these shares.

well, the share price has increased 30+% since the news of these broke. And while .06/share is not huge, it is 20 times greater than the last dividend. I imagine it will be split over several weeks, looking at .015/week at most.

That being said, I don't think this revenue is meant to "save" the share price, but merely keep things afloat until the next gen/deployment happens. If divs can be larger than .01 a week for 4-6 weeks, I think you'll see share prices go to 1.5 or beyond.

ex-trader

sr. member

Activity: 298

Merit: 250

A one-time 0.06 div from this entire batch is hardly gonna save these shares.

Rival

hero member

Activity: 504

Merit: 502

Quote from: ninjarobot on November 03, 2013, 11:13:52 AM

Quote from: JimiQ84 on November 03, 2013, 11:09:56 AM

Quote from: ninjarobot on November 03, 2013, 11:07:55 AM

Redfury eating AM's lunch:

http://www.youtube.com/watch?v=zp0pM6UHono

http://www.coindesk.com/redfury-2-6gh-usb-miner-now-available/

0.49 BTC for 2.6GH/s vs. 0.8 BTC for 10.75GH/s (blade). I don't think so...

Fact is that USB stick miners used to be AM's domain. Redfury now has sticks @ 2.6 GH/s nearly 10x the 0.3 GH/s a BE can provide... I'm sure Redfury will have good margins on this first batch and can lower the prices more than AM can at this point to remain competitive.

The AM cube just seems to be a nifty way to repackage Gen1 chips...

I am not sure how he puts over 100 gen1 chips in that little box without causing nuclear fusion to occur. The unit is less than the 1 cubic foot it ships in.

professorY

sr. member

Activity: 364

Merit: 250

Quote from: Rival on November 03, 2013, 11:10:37 AM

FC has not yet announced his cubes. At around 1/3 the cost/Ghs of Red Fury it remains to be seen exactly whose lunch gets eaten.

In the official AM hardware thread a user links to where Friedcat's official European seller has confirmed the cube as well:

https://bitcointalksearch.org/topic/m.3471649 (in German but Google translate does a decent job)

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 615. (Read 3917468 times)