Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 644. (Read 3917635 times)

I'm more interested in the 2014 game plan at this point. Assuming some gen2 chips are in the works... is AM shooting for 1 PH, 5 PH? 10 PH?

He means the 500TH... though i believe most of it should go turn to miner sales.

what hashpower that we were supposed to get in October?

and this would make it all make sense. Lets continue to hope that is the plan.

I see a bunch of anti-mining bullshit, where's the hash power that we were supposed to get in October?

He was here last time on 20th. Stating that he will give out financials in a week:

I am beginning to grow a strong distaste for friedcat.. i used to love the guy.  Can he please grow some balls and answer the big questions, instead of dickin around like ken slaughter does?

I hope a lot of the unknowns are answered soon. Mainly for myself, did all, some, or none of the 500th get deployed yet, or will it get deployed?

The Block Erupter USB hub is somewhat underwhelming. Congrats on the team who made it, and put to it to market, I know that can't be easy. But without much better block eruptor's being available, the product is not that sexy. If you crunch the numbers on the at-cost price of eruptors, it just doesn't make sense that anyone would want to buy 50. As someone else mentioned, if you wanted 50 chips worth of mining, you might as well being putting the chips on a PCB, not in USB format. And if you can't sell the product at cost to make an effective product to compete with some other better alternatives on the market, what's the point?

A glimmer of hope would be a new USB miner gen that would be economical on that scale...

I sold most of my shares today    Been with Asicminer almost since they first went for sale on BTCT.Co and lost a lot of money, bought shares at >3 and then 1.8.... Looking back now ya I see how AM was much overvalued. But I still think they should reasonable be at around the 1.5 BTC mark per share, if they played their cards right. They still may turn it around but personally -- now that I see them possibly mining only 1% of the network -- it seems like they did not play their cards right and made some bad moves the last 2 months... been a learning experience for me.

I've made a lot of good trades this year and made a lot of profit but with Asicminer guess I just got too emotionally involved and was deluding myself on the company's true value after purchasing it when it was overvalued.

A fixed cost is not a rising cost. The fixed cost of power for datacenter 1 is not rising. Don't conflate that with non fixed costs (like maintaing the hashrate).

What about that: Hardware sales will less profitable as there are competitors who sell hardware for Fiat. And 'fixed' cost are not really fixed as the hardware needed to get a constant hashrate oder  constant sales revenue will increase.

you're right...i admit it was a naive approach by me to relate dividends to current fiatvalue, i think AM-wise i'm finally stranded in desperation phase
and the cautiously "positive" outlook into future is based only on news and speculation.  
still have faith in friedcat but it looks like a complete new start in other territories in many aspects while mining part is drifting out of focus.
i simply don't like this insecurity...so i activate protective function by being sarcastic.


edit: my only hope is more adaption in china with AM offering services and selling the shovels. i see huge potential there...

Is anyone else actually selling devices that can be delivered in a day or two? (aside from ebay?) If not, they still have an exploitable advantage if they can bring gen2 to market within in the next month and flood the market.

I can't think of any but I might just have missed them.

+1,   10% was minimum goal presented by ASICminer ... they fell too deep and for too long, why? competitors were able to deploy in past months, why not ASICminer?

"The business plan is unchanged. The network hashrate increase was still under our projection." - Friedcat



Really?

That is what a secondary offering is for.

The hash rate has barely increased for several months. It has been short of 10% of network goal for months. That has NOTHING to do with market analysis.

Do you remember when the dividends were extremely high and everyone was encouraging Friedcat to retain some for future reinvestment? The response back then was "we have enough, this is the best use of capital (returning it to investors)".

Now, somehow, we need to stockpile 2 years worth of salaries on reduced earnings and after two months of reduced divs, we still aren't there.

Waiting to retain dividends is not smart if you believe in the long term viability of BTC because the more successful BTC is, the more competition there will be, and the more valuable those retained dividends will be when later converted to fiat costs for salaries.

...

I'm just frustrated.

why does that matter? AM shares are bought in BTC. If anything, a rise in BTC / FIAT should result in an INCREASE in paid BTC because fixed fiat costs are lower.

Maybe all this already happens under the hood? I mean, there are groupbuys for AM hardware, with lower prices of 1.1 BTC per blade etc...

Also the immersion cooling video should come "end of this month". I hope and expect it on the 27th.

And I also hope and expect AM gen 2 to be more efficient than the current KnCMiner and BitFury gear.

I leave it here :


Friedcat has last week till promised deadline.

I wonder how friedcat is feeling... it surely isnt a happy time for him. Its his income too and i wonder whats the matter with the 500TH. Were it bad decisions or bad luck.