ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 699.

Vycid

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Activity: 336

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♫ the AM bear who cares ♫

Quote from: conv3rsion on September 18, 2013, 04:09:25 PM

Quote from: Vycid on September 18, 2013, 03:54:14 PM

Every day he does not publish a planned price, spec and release date for his Gen 2 hardware, he is losing customers who choose to preorder with his competition.

That is not and has never been his business model. He has never

1) Accepted preorders
2) Given planned prices or specs
3) Announced availability dates for new products

Friedcat is the anti BFL. Some people appreciate that. Potential "customers" who want to preorder vaporware are not his market.

If what I'm suggesting is true, that his biggest issues are sourcing-related, then he has worked at every step to maximize profit correctly and rationally.

He's never needed to release specs before because he never had competition.

He's not the "anti-BFL", come on. He's a businessman, and a good one, and he understands the importance of announcing his product.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: lophie on September 18, 2013, 04:04:16 PM

Quote from: Vycid on September 18, 2013, 03:54:14 PM

Quote from: conv3rsion on September 18, 2013, 03:38:56 PM

I've said it before, there is a huge incentive for friedcat to withhold as much (and communicate as little) as he can justify from his paying dividends in order to

1) Bolster the company in the longer term through reinvestment
2) Not give strategic guidance to his competitors
3) Increase his holdings in the company and the lowest possible purchase price prior to more public actions

That said, the average hashrate was never sustained over 60TH/S. So, unless friedcat made more money selling products than he would have mining from them, there is not a victory. However, considering the markup and the fact that nothing ever sold will ROI in bitcoin, and the obvious opportunity to completely dominate asic sales for months, its possible that sourcing has been nearly as much of an issue for friedcat as it has been for everyone else in this space. Who knows. I do know that blades are already more price competitive than anything else shipping and that they likely still have an incredible markup (which we will soon learn about if they continue to drop in price).

Either he's totally beaten, giving up, or doing what a smart and rational actor would. Place your bets either way.

Every day he does not publish a planned price, spec and release date for his Gen 2 hardware, he is losing customers who choose to preorder with his competition.

Are you suggesting his competition is not acting rationally, since they have all released their plans?

Points 1 and 3 sound pretty similar, by the way.

The competitors are acting rationally but they act different than ASICMINEr because they have a different history of such success and different position in the market. Hence it is rational for F.C. to act this way.

That doesn't account for the lost sales FC is suffering. Reputation alone doesn't mean his product will be cheaper or more efficient than the competition (who are actually largely more qualified to be making ASICs), so without information people will choose Cointerra or HashFast or whatever.

It WOULD be rational for FC to say nothing if he has an inferior product.

conv3rsion

sr. member

Activity: 310

Merit: 250

Quote from: Vycid on September 18, 2013, 03:54:14 PM

Every day he does not publish a planned price, spec and release date for his Gen 2 hardware, he is losing customers who choose to preorder with his competition.

That is not and has never been his business model. He has never

1) Accepted preorders
2) Given planned prices or specs
3) Announced availability dates for new products

Friedcat is the anti BFL. Some people appreciate that. Potential "customers" who want to preorder vaporware are not his market.

If what I'm suggesting is true, that his biggest issues are sourcing-related, then he has worked at every step to maximize profit correctly and rationally.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: Vycid on September 18, 2013, 03:54:14 PM

Quote from: conv3rsion on September 18, 2013, 03:38:56 PM

I've said it before, there is a huge incentive for friedcat to withhold as much (and communicate as little) as he can justify from his paying dividends in order to

1) Bolster the company in the longer term through reinvestment
2) Not give strategic guidance to his competitors
3) Increase his holdings in the company and the lowest possible purchase price prior to more public actions

That said, the average hashrate was never sustained over 60TH/S. So, unless friedcat made more money selling products than he would have mining from them, there is not a victory. However, considering the markup and the fact that nothing ever sold will ROI in bitcoin, and the obvious opportunity to completely dominate asic sales for months, its possible that sourcing has been nearly as much of an issue for friedcat as it has been for everyone else in this space. Who knows. I do know that blades are already more price competitive than anything else shipping and that they likely still have an incredible markup (which we will soon learn about if they continue to drop in price).

Either he's totally beaten, giving up, or doing what a smart and rational actor would. Place your bets either way.

Every day he does not publish a planned price, spec and release date for his Gen 2 hardware, he is losing customers who choose to preorder with his competition.

Are you suggesting his competition is not acting rationally, since they have all released their plans?

Points 1 and 3 sound pretty similar, by the way.

The competitors are acting rationally but they act different than ASICMINEr because they have a different history of such success and different position in the market. Hence it is rational for F.C. to act this way.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: conv3rsion on September 18, 2013, 03:38:56 PM

I've said it before, there is a huge incentive for friedcat to withhold as much (and communicate as little) as he can justify from his paying dividends in order to

1) Bolster the company in the longer term through reinvestment
2) Not give strategic guidance to his competitors
3) Increase his holdings in the company and the lowest possible purchase price prior to more public actions

That said, the average hashrate was never sustained over 60TH/S. So, unless friedcat made more money selling products than he would have mining from them, there is not a victory. However, considering the markup and the fact that nothing ever sold will ROI in bitcoin, and the obvious opportunity to completely dominate asic sales for months, its possible that sourcing has been nearly as much of an issue for friedcat as it has been for everyone else in this space. Who knows. I do know that blades are already more price competitive than anything else shipping and that they likely still have an incredible markup (which we will soon learn about if they continue to drop in price).

Either he's totally beaten, giving up, or doing what a smart and rational actor would. Place your bets either way.

Every day he does not publish a planned price, spec and release date for his Gen 2 hardware, he is losing customers who choose to preorder with his competition.

Are you suggesting his competition is not acting rationally, since they have all released their plans?

Points 1 and 3 sound pretty similar, by the way.

conv3rsion

sr. member

Activity: 310

Merit: 250

I've said it before, there is a huge incentive for friedcat to withhold as much (and communicate as little) as he can justify from his paying dividends in order to

1) Bolster the company in the longer term through reinvestment
2) Not give strategic guidance to his competitors
3) Increase his holdings in the company and the lowest possible purchase price prior to more public actions

That said, the average hashrate was never sustained over 60TH/S. So, unless friedcat made more money selling products than he would have mining from them, there is not a victory. However, considering the markup and the fact that nothing ever sold will ROI in bitcoin, and the obvious opportunity to completely dominate asic sales for months, its possible that sourcing has been nearly as much of an issue for friedcat as it has been for everyone else in this space. Who knows. I do know that blades are already more price competitive than anything else shipping and that they likely still have an incredible markup (which we will soon learn about if they continue to drop in price).

Either he's totally beaten, giving up, or doing what a smart and rational actor would. Place your bets either way.

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

Wow I can't believe the price is this low.

I'm gonna have to buy. I have no option. I'm very compelled.

The 24hr low of 1.6-odd sort of scares me (as I'm holding a decent amount of shares) but hey, so it is.

Side note: Ever since I ignored Vycid this thread has really improved.

mc_lovin

legendary

Activity: 1190

Merit: 1000

www.bitcointrading.com

Quote from: weaknesswaran on September 18, 2013, 02:12:11 PM

Quote from: Dexter770221 on September 18, 2013, 02:11:17 PM

User 67117 showed up on rankings of BTCguild. If I remember corectly this is AM user account. Back to pool mining?

Yes it is.

What hashrate did it get up to?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Puppet on September 18, 2013, 02:10:54 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

No that's just some depressed kid who invested in Icedrill

Dexter770221

legendary

Activity: 1029

Merit: 1000

Quote from: weaknesswaran on September 18, 2013, 02:12:11 PM

Quote from: Dexter770221 on September 18, 2013, 02:11:17 PM

User 67117 showed up on rankings of BTCguild. If I remember corectly this is AM user account. Back to pool mining?

Yes it is.

Aaaannnnndddd... He's gone from rankings...

robix

sr. member

Activity: 360

Merit: 250

Quote from: Dexter770221 on September 18, 2013, 02:15:48 PM

Quote from: robix on September 18, 2013, 02:12:58 PM

Quote from: binaryFate on September 18, 2013, 02:10:08 PM

Quote from: robix on September 18, 2013, 02:08:29 PM

Quote from: binaryFate on September 18, 2013, 02:03:09 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

I don't think so. What about hashrate? Does anyone know why it is so low, what is the plan? There is really much to explain.

Small divs, no hashrate, no updates. He knows that the shareprice goes down as a result.

Why do you assume FC cares about the current share price?

I don't assume he cares about current share price. But he should care about his shareholders.

And he cares. Dividends are paid. Aren't they? They are low becuse network hashrate is increasing and sales of hardware are way less profitable than ever (smaller amount with smaller price tag)

Paying divs is his obligation, not taking care of shareholders.

Dexter770221

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Activity: 1029

Merit: 1000

Quote from: robix on September 18, 2013, 02:12:58 PM

Quote from: binaryFate on September 18, 2013, 02:10:08 PM

Quote from: robix on September 18, 2013, 02:08:29 PM

Quote from: binaryFate on September 18, 2013, 02:03:09 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

I don't think so. What about hashrate? Does anyone know why it is so low, what is the plan? There is really much to explain.

Small divs, no hashrate, no updates. He knows that the shareprice goes down as a result.

Why do you assume FC cares about the current share price?

I don't assume he cares about current share price. But he should care about his shareholders.

And he cares. Dividends are paid. Aren't they? They are low becuse network hashrate is increasing and sales of hardware are way less profitable than ever (smaller amount with smaller price tag)

robix

sr. member

Activity: 360

Merit: 250

Quote from: binaryFate on September 18, 2013, 02:10:08 PM

Quote from: robix on September 18, 2013, 02:08:29 PM

Quote from: binaryFate on September 18, 2013, 02:03:09 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

I don't think so. What about hashrate? Does anyone know why it is so low, what is the plan? There is really much to explain.

Small divs, no hashrate, no updates. He knows that the shareprice goes down as a result.

Why do you assume FC cares about the current share price?

I don't assume he cares about current share price. But he should care about his shareholders.

weaknesswaran

hero member

Activity: 964

Merit: 509

Quote from: Dexter770221 on September 18, 2013, 02:11:17 PM

User 67117 showed up on rankings of BTCguild. If I remember corectly this is AM user account. Back to pool mining?

Yes it is.

Dexter770221

legendary

Activity: 1029

Merit: 1000

User 67117 showed up on rankings of BTCguild. If I remember corectly this is AM user account. Back to pool mining?

Puppet

legendary

Activity: 980

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Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: robix on September 18, 2013, 02:08:29 PM

Quote from: binaryFate on September 18, 2013, 02:03:09 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

I don't think so. What about hashrate? Does anyone know why it is so low, what is the plan? There is really much to explain.

Small divs, no hashrate, no updates. He knows that the shareprice goes down as a result.

Why do you assume FC cares about the current share price?

robix

sr. member

Activity: 360

Merit: 250

Quote from: binaryFate on September 18, 2013, 02:03:09 PM

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

I don't think so. What about hashrate? Does anyone know why it is so low, what is the plan? There is really much to explain.

Small divs, no hashrate, no updates. He knows that the shareprice goes down as a result.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: robix on September 18, 2013, 02:01:06 PM

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

I'd say the primary reason is because there is not much to say at the moment.

robix

sr. member

Activity: 360

Merit: 250

What do you guys think is the reason that FC doesn't update anymore? I'm sure there is a reason.

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