Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 986. (Read 3917568 times)

I agree with this. Perhaps they could find another trustworthy (or well-supervised) person to handle the share transfers, and pay for it with this fee. However I have no idea where they are at with their own automated exchange... it wouldn't surprise me if one of the next updates reveals that they have something ready or almost ready on that front.

I enjoy reading your posts, philipma1957. I don't always agree 100% with you but I acknowledge that you try to explain your investing decisions, which is informative.

Diversification is good!  That is why now instead of just purchasing more and more Asicminer shares... I am now also purchasing Asicminer hardware!  Man do I love my new USB's I think I had a tear come to my eye the first time I saw the LED flash

Ok ok that's all good for you. Meaning nothing in general though.
Don't take it bad, but dude, you're such a pain to read 

thank you,

 I have more then once AM stated has been very good to me. As has btc in general .  I never looked to make Cadillac money  Chevy money was fine with me.  

Frankly I am not a bfl fan.  

 As of today I am mining with my gpus still making money. Waiting on BFL gear  and I took a flyer on two other things one cloudhashing.com  and two a group buy with a bitcoin talk member holding a 110Gh bit fury  and paying out to share holders. Why do these higher risk  moves.

The  bfl gear cost 6.5 coins the group buy cost 3 coins the  cloud hashing contract cost 6 coins  total of 15.5 coins.  My 30 coin profit from Am is now 14.5 coins.

 If all my flyers pan out I get 42gh hash power.  At a cost of  15.5 coins better yet I do no work for 18Gh just wait for the btc to roll in.  

Am  if all fails I am 14.5 coins ahed all profit.  . if I held my shares of AM purchased low .7 to .9 coins I made about 1.7 btc a share  I would be getting about .5 coins a week dividend . with all my money at risk.

 now I am getting 0 coins a week  with 14.5 profit and 13.6 buy in on the side lines,   so I have 28 coins just sitting no risk and I earn 0 if I stayed in I would have about 43 coins on the line earning .5 coins a week.

 well my up side is I start earning about 1 coin a week on July 1st from cloud hashing.

 on Aug 1 I start to earn 2.8 coins a week  from bfl .  


and on sept  I start to earn .6 coins from the group buy ....  all the while I have 28 no risk coins  while if I held Am I would have about 42-43 coins at risk.  

 I do not keep the up down value of coins in the calculation.  since in both cases of my guess vs holding AM that is a constant.  Here is the best thing if my play pans out I can buy back into AM since my play will out earn AM in the aug- nov time period.     

worst case Am whales and my play is bad but guess what I would still have made a profit.  that is the difference between gambling and investing.

I agree divisive opinions are important it is always important to do your research when making an investment and asking good questions helps everyone make better decisions

I would also like to thank everyone who posted questions to be answered and those who answer them ask quite a few myself
I agree that a lot of smart suggestions do pop up in this thread and do add value for Friedcat and team.

also, thanks TAT et al for the FAQ message to Friedcat. I think this can work well and be mutually benficial for all parties. A lot of smart suggestions pop up in this thread and opinions of shareholders in this case I think can be of some value to Friedcat and team, as well as his responses giving us a clearer understanding of what the evolving operation is that we are involved in precisely and potentially bring more value to the company as a by product.

cheers

speaking for myself only, I appreciate hearing the other side of the story. Everyone is very happy with their investment in AM at this time, and that is what we hear a large amount of in this thread... in particular on dividend day.... speculating on what can happen in the future that might change this golden age is a worthwhile pursuit and can be helpful to rationalise the irrational excitement around the companies current success.

posts like philipma's can also help provide an understanding of those who have not bought AM products or shares for various reasons, or have been selling shares for various reasons.

lastly, if you read his points carefully, he countered each point with a note on Friedcat's stated plans to deal with the possible setbacks that could occur to affect AM's current success.

thanks

That is still a matter of value nonetheless. If Product A costs 200% more, but Product B is only 20% less efficient, which do you choose?

With technological gaps comes value, that's why there is a consensus that it is so critical to jump quickly and properly on gen2.


+1 

+1

And +9999 to point 2. All other ASIC sellers promise too much and they're always late. AsicMiner do the opposite.

Now I feel really bad for selling @ 2,5 btc 

Keep a few more things in mind:

1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value.
2. Friedcat tends to underpromise and overdeliver.
3. AM likely has other products and tricks up its sleeve.
4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.

Until I see other companies actually doing something not just posturing will hold my opinion
That said I do watch the competitors as well information is important
(Klondike might actually be faster than anyone else atm still in prelims but actually see the development happening of course ASICMINER is confidential but they are the leaders and I trust them to bring out a top-line product)

Sorry to insist again, but in October the market will be different, and Friedcat never said that things at that time will be outmatched. I'm just sticking literaly to the exact wording, because I believe it can have its importance so don't misunderstand his statement. We're far from being sure to outmatch the market in October technologically, or in terms of price, or delivery, or whatever.

Locking in profits is never a bad idea so congrats on making 30 BTC
I probably bought you out if that was the 1994 on the passthru sold it all at 2.6 and that's cheap

B/E profit in 365 days is more like 75% return on your initial investment from 2.5 from dividends not accounting for growth
At 0.0261   its 68.67%

Conservative at 0.025 would be lower but still pretty nice

We broke a wall Friedcat said if I read that correctly anything on market will be outmatched (I assume that also includes BFL)
And In execution I believe in the team no one else has actually put their money where their mouth is

(But if it goes down to 2.5 I'll take as many as I can get lols)
Adjusting for currency exchange rates as someone seems to like flushing out the weak hands every weekend
Bet they get dividends on Wednesdays XD

1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now.

(On B/E for the sticks can use BFL's difficulty chart)

Seems like price is dropping again, because BTC price is tanking.
I hope I am able to snatch some shares below 2.4 again

Even if dividends and network hashrate drop, we're still undervalued - seeing as we're the highest, consistently, paying asset out there (feel free to correct me if I'm wrong, because I'd love to invest in that other asset ) - and 1.5%+ weekly dividend is outrageous.

My personal opinion is the stock will eventually balance out to about a 25-30% APR value, and not lower (at which point, there are many other better returning assets)... leaving much room for the asset value to still rise.

again with this?  Do we have to hear about how you think AM can't continue to succeed on a daily basis?  Ok, you sold out, great for you! Good luck with your future ventures, and I hope BFL does well for you.

Now, can we keep this discussion for current shareholders, please?

That's a REALLY large fee. Exchanges charge much less for transfers, for instance 0.2% (to each side) with BTC-TC. Granted, exchanges are automated, but that's exactly the point - you'd expect automated transfers to be MORE expensive than a manual transfer because of the added speed and convenience the automation brings. I'd be fine with a fee if it were less than what the passthroughs/3rd party exchanges provide, otherwise one would lose an important benefit of having direct shares - the ability to transfer shares cheaper than on an exchange. (The primary benefit, of course, being an absence of the need for trusting a 3rd party to hold your direct shares on account as is required for the passthrough/3rd party exchange shares.)