Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 671. (Read 3917468 times)

Yeah, finally here again.

I had a question:
As an ASICMINER-PT holder on btct.co, I'm going to get my shares as direct shares soon.  But I don't wish to keep them direct, as I prefer being able to buy/sell quickly.  So which exchange would you recommend to transfer AM shares to?  I'd be very grateful to hear some kind of comparison of existing axcanges/pass-through options.

Thanks in advance!

Official ASICMiner Update by the Board

1. Automatic Payment
We are currently working on the payment back-end, and we might begin the design process next week as well.

2. BTCT closing
BTCT told us that they will release the database for us to merge on October 10.

3. Sales/Opportunity Update
We haven’t heard from the previously mentioned potential chip buyer. We met with two other groups making 65/55nm in China interested in collaboration, but we hadn't solid cooperation conclusions yet.

4. Franchising
We have created partnerships with two new franchises.

5. Cooling Update
We hope to share a good video or exhibition materials by the end of the month.

6.Advertising Update
During the next wave of hardware sales, we will increase our advertising efforts.

7. Research & Development
We had tried several different really intricate and speculative designs for 2014, based on the assumption being competitive in a fully saturated market (average return rate getting close to normal business' single digits per year). but originally with a limited channel/staff, it can be very difficult to fully explore them. So, we conducted interviews, and recently identified several exceptional people.

We will be spreading design risk by working on several designs simultaneously and having all other designs' info/simulation results fed back to the main design process. Our designs changed aggressively and the expected successful rate (on a working mask) drops compared to the standard flow so it has to be fully (wave-level) simulated before fabrication.

8. Financial Report
The next official ASICMINER Financial Report is scheduled to be released on October 20s. We had been in the process of accumulating reserves for a two-year-based small lab (all salaries) and a full mask cost for 40nm for one month. Additional income may be reserved for other chip advancements.

9. Hardware Solutions
ASICMINER is exploring and considering several alternative hardware manufacturing roles aside from mining-related products.

IMHO it is always better to under-promise and over-deliver. We have yet to see the best of Asicminer. Something that will show once again that they are approaching this from a little different angle. And they are very clear and realistic about this, without hyping or over-promising.

In fact, Asicminer has always been different, it is a mistake to compare them to the rest of the bunch. While definitely an important part of the "game", it's not just about getting gen2 or gen3 out the door. Asicminer is a bit more complicated than that, but going the extra mile will pay off for friecat and his team. They definitely do a lot of stuff behind the window blinds and I am fortunate enough that I have seen some of their work first hand (due to my close proximity to their base).

There are lots of new investments out there, some of which will never make it and unfortunately disappear with all the coins invested for obvious reasons. But even the ones that seem to do well ATM will not make it for long, if deploying gen2 and gen3 asics is all they have. In my opinion anyway.

I have been buying more shares lately and I am confident that Asicminer will keep delivering.

Retrospectively I'm not surprised, they aren't professional chip designers and the competition largely is.

This is good, the share price will continue to drop. But Asicminer has huge potential growth now, they have about 500th coming soon, and 10,000btc for reinvestment. FC is showing he is looking into other forms of revenue too. If you are in AM for the long haul this is very good news.

I propose the "hidden variable" explanation for this correlation. When AM is finding blocks after a dry spell, more people are posting stupid things. When more people are posting stupid things, Vycid is pointing out more stupid things.

I take your post as my first positive evidence of this theory.

Lot's of 'hope' and 'might' in the update. Not a very positive update unfortunately. I'm still a believer in AM but there is very little to hold on to at this point.

Got rid of all my AM shares. Time to bail out. If it drops much more I may buy in again.

He recently started to let the board build the news out of the infos he posts there. It looks like a regular setup and saves friedcat much time it seems.

I dont care if other investors move to another project because im in it for the divs. Though i admit i would have sold my shares if i knew before how far they will drop. Now i had a multiple of shares.

When i see the new report from friedcat it tells me he is making good decisions and will most likely find good ways to keep the company running well.

So... if the shareprice crashes... its time to buy. The divs are fine anyway. So if some people are stupid enough to sell this shares then its their loss. Friedcat couldnt have done much here since the drop now couldnt be changed. Its not the low div, that happened before. Its the rise of other companies and on top there is a panic rushing through all mining securities that lead to crashing the price of all. Im not sure why that spread to all mining securities. Anyway... at some point the good securities will be seeable again.