Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 626. (Read 3917468 times)

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.

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

The share price has nothing to do with whether they maximized profit. AM got way overvalued because it was for a while the only ASIC company with a good reputation that you *could* invest in. The correction was inevitable.

I don't think FC would want to mine 1000TH on the Gen 1 tech, that would take about 7MW of power, which would generate a terrific amount of heat. There isn't a data centre in Shenzen that could handle that load.

AM have stumbled getting a second generation of chip out the door but their share price would have dropped anyway.

A lot of people are pissed right now because they bought in to the hype when the whales were quietly making their way to the exits. They deluded themselves.

I hope everyone purchased more shares now that they are cheap*, because as the following numbers may break some bear spines..

To put the ASICMINER financial report in some perspective:

According to the income statement last quarter includes:

Income: 104,622.45 BTC (mining: 33,020.91 BTC, hardware sales: 71,601.54 BTC)
Expenses: 20,109.31 BTC
Net income: 84,513.14 BTC

It's not all that clear which time span the report covers, so let's say 13 - 15 weeks to include all possibilities. This results in the following weekly averages:

Income per week: 6,974.83 - 8,047.88 BTC
Expenses per week: 1,340.62 - 1,546.87 BTC
Net income per week: 5,634.21 - 6,501.01 BTC

Mining a block rewards 25 BTC and 6 - 7 blocks are mined hourly, depending on the increase of the hashrate.

So there are 150 - 175 BTC mined each hour, 3,600 - 4,200 BTC each day and 25,200 - 29,400 BTC each week.

Or in total 327,600 - 382,200 BTC are mined in 13 weeks and 378,000 - 441,000 BTC in 15 weeks.

This means:

ASICMINER generated an income which equals 23.72 - 31.94 % of all mined coins in this quarter.

Subtracting the expenses (i.e. electricity and hardware cost) results in a net income of 19.16 - 25.80 % of all mined coins in this time frame.

The balance sheet shows that there are 5,484.66 BTC, 393,202.00 USD and 15,318,262.72 RMB in assets, whereby 5,484.66 BTC and 4,480,310.50 RMB are in form of cash.

With an exchange rate of 6.087 RMB/USD and 198.28 USD/BTC this equals:

ASICMINER owns assets with a BTC value of 20,159.64 BTC (with 9,196,81 BTC in cash)
Or converted to their USD value: 3,997,254.14 USD (with 1,823,544.13 USD in cash)
Or converted to their RMB value: 24,331,285.96 RMB (with 11,099,913.17 RMB in cash)


*I'm not very serious, please draw your own conclusion. This is just a quote which some may recognize.

If FC deployed hash to the official pool, the pie chart will be nice, share rises, share holders are more happy, but the actual income pry less than selling them

My bad, didn't see the #s , was very wrong. Pretty complex situation though, someone could write a business thesis about it.

as much as 3/4 of our weekly dividends come from hardware sales.

Hardware sales is what made the share price rise 1000% in the first place.

Maximizing profit, when the share price dropped from 5 to .5? I would say it is the opposite. They may have made more money selling, but now they are sunk, with some vague promises about next year. At least if they were hashing 1000 TH they would still be #1 for several months longer. Image means a lot in business. Then the share price may not have risen and crashed so traumatically. I think a lot of people are pissed right now because of how this was handled.

Its a quiet night

No shortage of trolls around here it seems

That was so 10 pages ago And I said that one already he-he

"All the above is right, but "dominating the network" is really good publicity for selling overpriced miners!

First the network is ~3000TH, so to "dominate the network" you would need 3000TH too, today. More tomorrow.
Second the network pays 25BTC every ~10 minutes, if selling hardware brings more money than that, why the hell would anyone want to mine instead of selling hardware ? Dominating the network isn't a goal, maximizing profit is.


As if competitors wouldn't try to do the same. They don't play in an isolated environment.


Math fail (might explain the confusion above) or liberal use of nonsense. Think more before writing or troll elsewhere depending on the case.

http://en.wikipedia.org/wiki/California_Gold_Rush#Profits

I'm not sure, the interview was ambiguous, FC was talking about 1000T relesead on november 7, but it seems that he probably intended that the whole mining deployed (sold and mining) is going to reach 1000T. But it's not clear where the november 7 comes from, if he was talking about the all time sales, why to specify a date?

Hey remember the theory of the secretary FC is getting extra familiar with in the farm room? Is it possible that she is the Chinese girl interviewing him! 


GOSSIP ALERT GOSSIP ALERT GOSSIP ALERT

I don't understand this, if they could be mining 1000TH instead of sold them as USBs, that is enough to make them dominate the network. Share price would still be 4-5, and they'd be making enough to dominate the next generation.

As it is, shareholders have received zero benefits from those sales and watched their shares drop by 1000 %

That's exactly what it is. If you click on the cell it shows that it is the sum of the entire column [=SUM(L1:L986)]


They didn't, it's just the bottom of that column happens to line up with row Oct. 27. It means nothing but the sum of the dividends column.

Why they pay the dividends on Sunday instead of Wednesday.