Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 769. (Read 3917468 times)

I've already produced a rational argument why you should expect them to attempt to exit. I will repeat it here.

As we saw today, the market cannot support significant sell volume. This is unsurprising, since the share price is buoyed by sentiment and not underlying value. ASICMiner has nowhere near 1.2 million BTC worth of assets and intangibles, so it is impossible for all holders to liquidate the current market value of their shares.

So, if everyone cannot liquidate completely, then it is the first actor who profits most. From a game theoretical perspective, every whale should be searching for the best way to be the first one out without demolishing the value of their own shares.

We have already observed some of that action by the daily filling of the bid wall.

hey friedcat!  how are ya?

friedcat: are you opening up franchising to shareholders in a general sense or is shipping and collateral too much of a pain for it?

Update

We have collected several shareholders' questions for answering.

Could we have an official live hashrate meter from ASICMINER?
We have an internal one, mainly for troubleshooting when some of the racks going down. The hashrate meter based on the blocks mined reflects more of the real speed (plus luck of course). We will buy more bandwidth before making it accessible by the whole internet. It also requires more commitment in maintenance.

For more transparency, is it possible to share a wallet address for depositing income from ASICMINER hardware sales?
We use a different deposit address for each payment transaction. But a centralized nexus address is good. Then people could see how the funds are separated as dividends and expenses.

Besides mining, hardware sales, and franchising, are there any other potential sources of revenue?
There are many possible ones considered, but none can support serious sound business model based on a 1-2billion dollar total market value of Bitcoin: selling patents, offering solution for mining farm construction, assembly service, etc.

Why has the hashrate dropped the past weeks?
It dropped in different few days. Some of them are internal hardware/network glitches, some of them are luck based. We haven't identified any form of DDOS attacks recently though.

There hasn't been a huge hardware dividend payoff: is it because of reduced margins, or delays?
Because we are collecting funds to get ready for the exponentially increased devices to be assembled in September and October.

How are things going regarding your business plan? Did you account for the sudden network hashrate increase? How is the international expansion of ASICminer coming along?
The business plan is unchanged. The network hashrate increase was still under our projection. The total hash target originally set for the end of this year would probably achieved earlier.
The ASICMiner expansion via franchising is still much within China border. The internationally deployed portion will dominate when the gain of operation cost outweigh the delay and cost of international shipping/assembling abroad.

Thanks for the cheap shares, I am now over a goal I set a while ago and am feeling great. TY!!!

+1
well said, Swede.  Very clear logic. You're a gentleman and a scholar.

If 2,000 shares is the minimum for whale status, then I count 13 whales (don't count the PTs)

we know at least 3 whales are not dumping, based on eb3full's information.  That's pretty decent odds.

Can Vycid give us some evidence of 1 whale wanting to dump?

There is also nothing to suggest some of them are planning to make an exit any time soon, in fact their is something to suggest that more of them are interesting in increasing their positions.

All I see is 31 individuals with 1000 shares or more. There is nothing to suggest none of them are planning to make an exit.

Like one nearly did today.

Hah. I am solidly a "Guppy" with my double digit ownership

I would prob speculate that most "whales" are indeed holding steady. If you have $1 million + invested its fairly unlikely that a single week of 'underperforming' dividend really shakes you up. Especially considering almost all really major share holders have average purchase prices so low that not only have they made back their entire initial investment several times over in dividends but can realize several hundred % profit from selling anywhere over 1 BTC.

well, technically, 2 whales.  Maybe more.  He said "big players".  Implies more than one.

I don't know how many whales there are, so I don't know if 3 whales is a lot or not.  

Nope all whales
We can confirm it with the shareholder document  
Unless you want to call out this data
https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

Oh yes, I see the error in my logic. One whale = all whales. Forgive my foolishness.

You were wrong.  Whales have not lost confidence.  Unless eb3full isn't being honest about big players buying his shares.  Is that what you think?

I thought you were just saying we're all idiots for holding  

Would you mind demonstrating the slightest logical incompatibility between his statements and other whales being ready to dump?

Most people with significant AM holdings are sophisticated enough to understand not everyone can sell their shares at current prices, because there's little underlying value. It's just a matter of time.

Emotional investing is dangerous investing but at least you realize that and can learn from it.
But considering the dividends given I think your pretty safe regardless of your investment strategy from here
I believe that the biggest holders wanting more shares according to yourself is a good sign as they have a stronger understanding of the operations as board members, the fact that you are the owner of these shares means that it is plausible by all accounts people were PMing you
http://online.wsj.com/article/SB10001424127887323550604578413162718644332.html

Anyways stops over-thinking it there is no mysterious board member here

How many board seats do you have, Swede?

with 10k btc, you could crash every single security out there, and make up whatever story you wanted for the reasons.

I would prob say that anyone close to board-seat qualifies. So between 3-5k shares? I'd def say that 10k BTC can cause quite a swing when they move around enough.