ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 657.

BitThink

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Quote from: Lohoris on October 16, 2013, 04:15:48 AM

Quote from: g83 on October 16, 2013, 04:09:19 AM

Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

Compared with IPO, now we have much less risk and meanwhile much less upside.

That time, AM has no track record and it could be a scam or completely failure, but if succeeds, there's a huge profit as the first or second arriver of Asic mining.

Now, we trust friedcat and the company and we are receiving dividend every week. But even all promises fulfilled, there're not much profit ahead (single digit profit in friedcat's words).

BitThink

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Quote from: Puppet on October 16, 2013, 04:26:43 AM

Quote from: Lohoris on October 16, 2013, 04:15:48 AM

We're basically at the same level of risk as when the IPO started.

Not really. When the IPO started, getting any sort of asic working was a guaranteed gold mine. Today, announcing anything less than a 28m device that can begin hashing in Q1 2014 is not very exciting to put it mildly. Im surprised Asicminer let themselves fall behind this far. They scored a homerun on their first asic, but right now it looks like its a one trick poney that has run its course.

Friedcat was try to hire a competent asic designer months ago and he said he did not expect to get one from China then(according to rockxie's slides). In his latest updates, he also mentioned without enough channels, it's very difficult to find good candidates. But at least he has locked some exceptional ones now. A little bit too late, apparently.

supert

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Quote from: Lohoris on October 16, 2013, 04:15:48 AM

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

Except that friedcat is no longer a complete unknown.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: TiuraZ on October 16, 2013, 04:28:57 AM

Quote from: keystroke on October 16, 2013, 12:15:42 AM

Quote from: VolanicEruptor on October 15, 2013, 11:54:30 PM

Remember when we all worshipped Friedcat? LOL

Remember when people were worried ASICMINER could 51% the network?

Remember when people were arguing if the IPO is legit?

Remember the ASICMINER shares @0.10 on the GLBSE? :-D

TiuraZ

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Quote from: keystroke on October 16, 2013, 12:15:42 AM

Quote from: VolanicEruptor on October 15, 2013, 11:54:30 PM

Remember when we all worshipped Friedcat? LOL

Remember when people were worried ASICMINER could 51% the network?

Remember when people were arguing if the IPO is legit?

Puppet

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Quote from: Lohoris on October 16, 2013, 04:15:48 AM

We're basically at the same level of risk as when the IPO started.

Not really. When the IPO started, getting any sort of asic working was a guaranteed gold mine. Today, announcing anything less than a 28m device that can begin hashing in Q1 2014 is not very exciting to put it mildly. Im surprised Asicminer let themselves fall behind this far. They scored a homerun on their first asic, but right now it looks like its a one trick poney that has run its course.

Lohoris

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Bitgoblin

Quote from: g83 on October 16, 2013, 04:09:19 AM

Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

It will go back up only if he manages to deliver something worthy, and that's far from certain.
We're basically at the same level of risk as when the IPO started.

g83

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Buy cheap now before financial statement - don't sell too low if you bought at 2 - 3 or even more

Friedcat already said the divs will be lower the following weeks, that means to me actually shareprice
is a little undervalued

JimiQ84

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meanwhile, 7 day average hashrate is at all-time-high with 52TH/s Wink

bitcoin.newsfeed

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Quote from: ?? on ??

No. Im not a board member and even though i knew that Asicminer cant grow much further when it was at 4.5btc i didnt sell. Partly because i didnt want to lose the divs, partly because i feared to sell so many direct shares. Stupid me, now my shares are worth much less, even though i got the divs. Hopefully i learned the lesson for next time.
But no, there was no hidden info needed. Everything was given by friedcat.

ex-trader and SebastianJu, guys I am not arguing if share price was overvalued or not, i never wanted sell shares, what i am saying is that shareholders didnt know that ASICminer was mining at full capacity at 47Ths and dont plan/or cant increase hashrate for several months ahead. If we knew this and with all info from competitors and network growth it would be easy to guess that 2.5 wasn't so "Great entry point for new investors" as it was presented.

keystroke

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advocate of a cryptographic attack on the globe

Quote from: VolanicEruptor on October 15, 2013, 11:54:30 PM

Remember when we all worshipped Friedcat? LOL

Remember when people were worried ASICMINER could 51% the network?

VolanicEruptor

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Remember when we all worshipped Friedcat? LOL

kaidy1979

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Quote from: runeks on October 15, 2013, 01:34:53 PM

Thanks for the suggestion, but I am not interested in adding a counterparty.

It's fine.

BitThink

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Quote from: kmtan on October 15, 2013, 09:35:37 PM

friedcat any news for asicminer gen2 ASIC chips

He mentioned some ongoing negotiate with other two gen-2 chip teams in China in the last update. Could we assume AM will not have its own gen-2 chip, or at least friedcat is not satisfied with AM's own design? Anyway, wish we hear some good news of the collaboration in the next update.

kmtan

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I love Bitcoin

friedcat any news for asicminer gen2 ASIC chips

superduh

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Quote from: SebastianJu on October 15, 2013, 04:50:15 PM

Quote from: superduh on October 15, 2013, 03:27:57 PM

AM should just buy up some equity in cointerra since they are open to selling off equity. owning like 5%-10% may be a good investment for long term.

Why should he buy for enduserprices? That negates the advantage one has with a own asic design and the possibility to create miners at cost. If it would make sense to buy at enduserprices i would buy miners myself. But i dont for a reason.

equity in the company.... not their actual miners .cointerra does well so does asicminer. symbiotic relationship

Jutarul

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Quote from: shawshankinmate37927 on October 15, 2013, 05:39:12 PM

Quote from: Jutarul on October 14, 2013, 09:29:47 PM

On that note it may be interesting to establish a shareholder sentiment on the pricing strategy for ASICMINER hardware, between
a) aggressive (maximizing profits)
b) fair/honest
c) competitive (undercutting competition)

Maybe someone would want to organize a poll?

Has the board ever discussed or considered selling hardware via auction?

Auctions were used in the beginning to do price discovery. After that prices were set by bitfountain and offset by resellers. So far the policy resembled a cross between a) and b), because a) would benefit shareholders and b) would encourage selling the equipment out in a timely manner.

shawshankinmate37927

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Bitcoin: The People's Bailout

Quote from: Jutarul on October 14, 2013, 09:29:47 PM

On that note it may be interesting to establish a shareholder sentiment on the pricing strategy for ASICMINER hardware, between
a) aggressive (maximizing profits)
b) fair/honest
c) competitive (undercutting competition)

Maybe someone would want to organize a poll?

Has the board ever discussed or considered selling hardware via auction?

bbxx

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cryptoshark

I hope friedcat will design good looking bitcoin space heaters.
I am using new blades as heaters they are very good at it. Some buildings are still using electricity based heating, the demand would be huge.

Just integrate real controller board with wifi to avoid utp cables hassle and nice radiator with silent fans.
Nice case and 200 chips per heater to compete with standard heating solutions.

Fire and forget device, create also public place device, integrate with coin slot and qr display for pubs/shops and sells will skyrocked.

I would love to join to friedcat team i have a lot of ideas

SebastianJu

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Quote from: superduh on October 15, 2013, 03:27:57 PM

AM should just buy up some equity in cointerra since they are open to selling off equity. owning like 5%-10% may be a good investment for long term.

Why should he buy for enduserprices? That negates the advantage one has with a own asic design and the possibility to create miners at cost. If it would make sense to buy at enduserprices i would buy miners myself. But i dont for a reason.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 657. (Read 3917468 times)