Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 986. (Read 3917058 times)

Well there is still this list of questions we need to exhaust so
https://docs.google.com/forms/d/1KYOoPt3SvM9agj54eah4rl5MabqbGheWSBgHFgFgA0U/viewform?pli=1&edit_requested=true

Or you could move them IN as many times as desired - and have access to increase liquidity.

Burnside lets you move as many PT shares as you want from btct.co back to friedcat once per month for free. I've done it.

That doesn't mean 1 share a month, it means 1 transfer a month.  If you have 100 shares, you can transfer them all at once for free.  You don't have to take 100 months to transfer them out.

I'm actually trying to get them out of PT's but at 1 a month for free...going to take awhile...don't wanna spend .25btc fee for less then 50 xfer'd out

Not mine.   

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)