Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 623. (Read 3917468 times)

0.0035336?

edit: I might be looking at the wrong place...

There should be a div today at some point.

was there a div since 10/23 ? can't seem to find any info on that...

See figure A: people purchasing BFL Monarchs.

people have extremely short spans in bitcoin world. fear too much a few months of uncertainty as if it is the end. friedcat has proven that he's a decent businessman. if you trust him then stop thinking about a few months of issues and think long term. this is a long term company with long term potential.

Agreed, but is AM worth $150m+ as a company trying something new....

If the known fails, you try the unknown.
Mining failed for AM.

Yeah but now we can still make plenty of block reward coins, and the transition towards fees is still rather unknown in terms of profitability.

I think ASICMINER is thinking very far ahead, possibly too far ahead for most shareholders, with things like immersion cooling. Bitcoins, and bitcoin mining, are going to be around for the next decade at least.

They probably got complacent due to there own successes:

They were just sitting back and watching the ridiculous amount of coins roll in when they should have been expediting 28nm development. now they're loosing the race

I mean they were selling the first blade for so much. it'd be hard not to get blinded by the fortune.

It's lucky they got 130nm chips work and produced before anyone else. But then they failed in design a good 65nm chip, and others did. Now they are testing their luck in Gen 3. Things are just this simple. It's not reasonable to assume once they are the leader, they always lead, especially in mining industry, where products become obsolete not in years, but in months.

^^  This right here sums it up.  AM was the only delivering vendor who consistently put hardware in the hands of miners for a long while.  They basically bridged the gap between the early Avalons and the trickle of BFL shipments that started and other vendors like BitFury, custom-BitFury, KNC, etc.  They played a very important role during that timeframe of keeping folks excited about mining while they waited for pre-orders from every corner of the world.

It is actually very surprising to watch the AM fall from grace.  All the right factors were in place - close to cheap manufacturing, decently cheap power options, an apparent brain trust who was capable of designing hardware, etc...  How they fell so far behind is my biggest question.  It was obvious the USB and Blade market was drying up fast a while back, now people are ticked about share prices (again their own fault), have lost faith in FC/AM due to lack of any substantial info in regards to "what comes next" in a mining market that is somewhat toxic to enter right now, and to be perfectly honest there are other options out there for people to risk money on.  I hope for an AM renaissance as well, but I'm not keeping all my eggs in this basket.

While AM may have a plan in place to shake the market back up (or at least re-enter in a meaningful way), confidence is huge and people are lacking confidence in AM.  It's perfectly okay to fall behind if you're secretly working on a bomb you can drop once all the other vendors have become complacent, but that bomb might be too late when you can't find any hardware that is on the nice side of the "worth the money" investment.

It's an awesome time to buy! Cheap shares of the best stock the bitcoin world has ever seen! There is not one stock that has ever risen as high as AM. It will rise again!

The blood is not on the streets yet and there will be blood on the streets.
That will be the time to buy.

Put your money where your mouth is.

Openly bearish sentiment in the AM thread? Sounds like the time to buy

The main mistake is not maintaining the lead while you have it. It's a fatal mistake.

Not a good foundation for any business anyhow. To profit from other people mistakes. Don't you think? Anyway miners are getting smarter now.
With so many competitors about to deliver and with much better pricing, the market will likely establish a fair price for mining devices.
Being dependent on hardware sales for profit, like ASICMiner is at this point, is a very low margin business.
Do your math and you will see why divs will go lower and lower.

I don't think the miners are all stupid. They just had wrong prediction of the hash rate increase rate. Actually without bitfury, they could've had made even, or at least lose much less.

Wrong.
The numbers were plain and simple, but those customers refused to do some math and blindly bought random stuff.
We're not talking about dvd players, mind, we're talking about "devices that create money", so there's really NO excuse not to do your math and see if it will be profitable.
This has two implications:
1. if they've lost money, it's entirely their own fault
2. since they are so brain-dead, they'll likely come back anyway, they might not even realise they have lost money (they didn't check before, likely they aren't checking now nor they will later)