Topic: ASICMINER Speculation Thread - page 9. (Read 808847 times)
Well 50 miners is probably not worth all the effort.
Did he respond to your request?
I asked, twice, if the franchising was still available - no reply.
I asked, twice, if the franchising was still available - no reply.
I think I had to email twice as well, and it was the 2nd email that got the response.
How disappointing.
Looks like he passed on me.
I originally had room for 50 miners.
I ended up just buying 20 miners myself, holding out hope that I could fill the rest with franchise miners.
Bummer.
Looks like he passed on me.
I originally had room for 50 miners.
I ended up just buying 20 miners myself, holding out hope that I could fill the rest with franchise miners.
Bummer.
He was offering around 150 GH per share when I spoke with him a few months back. I thought the formula he uses puts too much risk on me so I declined.
The problem with this stock for me is the following 'theory':
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
One thing I'd like to point out: at the end of August I asked Friedcat if the franchise model is still on offer, and what my shares would be worth as collateral. The amount of equipment they were willing to put up for the same amount of shares has only increased, at that point, and I can't remember off the top of my head, but Friedcat absolutely does value the shares, since he is willing to ship thousands of $'s worth of equipment for them. My power costs and the margins are such that I couldn't do the franchise and make any real profit though.
But I think that's something to consider - Friedcat does value these shares!
Also, I didn't mean to suggest a buy-back - I also don't think that's within the rules for some reason, and not what I was suggesting. What I was suggesting was that everyone is sort of assuming that Friedcat wants the share price to go up, but there could be reasons why he doesn't. I remember A LONG TIME AGO, Friedcat posting something along the lines of not caring about the share price being so high or something along those lines. This was when the share price was much higher, and going up...
Did he respond to your request?
I asked, twice, if the franchising was still available - no reply.
When it comes to asic mining hardware manufacturers secrecy is the norm
In other news, KNCminer officially calls it quits for delivering any product to customers and goes for 20% of network through self mining and asks for more investment cash.
In other news, KNCminer officially calls it quits for delivering any product to customers and goes for 20% of network through self mining and asks for more investment cash.
The problem with this stock for me is the following 'theory':
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
One thing I'd like to point out: at the end of August I asked Friedcat if the franchise model is still on offer, and what my shares would be worth as collateral. The amount of equipment they were willing to put up for the same amount of shares has only increased, at that point, and I can't remember off the top of my head, but Friedcat absolutely does value the shares, since he is willing to ship thousands of $'s worth of equipment for them. My power costs and the margins are such that I couldn't do the franchise and make any real profit though.
But I think that's something to consider - Friedcat does value these shares!
Also, I didn't mean to suggest a buy-back - I also don't think that's within the rules for some reason, and not what I was suggesting. What I was suggesting was that everyone is sort of assuming that Friedcat wants the share price to go up, but there could be reasons why he doesn't. I remember A LONG TIME AGO, Friedcat posting something along the lines of not caring about the share price being so high or something along those lines. This was when the share price was much higher, and going up...
In other news, this is the most multisig addys I've ever seen this concentrated between accounts.
https://blockchain.info/address/3KBUuGko4H5ke7EVsq9B7PLK1c5Askdd7y
https://blockchain.info/address/3KBUuGko4H5ke7EVsq9B7PLK1c5Askdd7y
The problem with this stock for me is the following 'theory':
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
----
It used to be that FriedCat needed to keep us happy; but now he doesn't - so it's possible we're all left with shares he feels no need to honour.
(And for which we have no practical legal avenues to pursue)
He needed us shareholders back when mining was well distributed and the average Joe was buying miners, because these shares were used as collateral for resellers, and also because many of the shareholders were end users. Reputation and sales would have suffered if he'd defaulted earlier.
Now he can sell in bulk to a few operators with large datacenters - and they will buy his chips/machines to profit - whether he's screwing over shareholders or not.
Even if those large operators pull back - he's probably now in a much better position to self-mine.
He just doesn't need to keep shareholders and thousands of end-user miners happy any more.
----
If that's true - I'm one of the bagholders. Though many of you probably think that's implausible - I think the suspicion this is true is what's keeping the price down.
It's certainly why I'm not buying any more shares - no matter what pictures I see of progress.
Only dividends will dispel this fear for me.
some speculation for you. Mentioned in the other thread some check mate for other miner producers.
What if friedcat was the bearwhale, btc value drops and hurts many mining farms, producers etc
What if friedcat was the bearwhale, btc value drops and hurts many mining farms, producers etc
+1
It also makes the tubes and prismas damn cheap for potential customers.
some speculation for you. Mentioned in the other thread some check mate for other miner producers.
What if friedcat was the bearwhale, btc value drops and hurts many mining farms, producers etc
Another speculative thing I have been thinking of, FC mentioned that when designing the PCB should allow for different size chips. What if Gen4 chips just require a diy into the current prism miners, wouldn't that change the game a bit?
What if friedcat was the bearwhale, btc value drops and hurts many mining farms, producers etc
Another speculative thing I have been thinking of, FC mentioned that when designing the PCB should allow for different size chips. What if Gen4 chips just require a diy into the current prism miners, wouldn't that change the game a bit?
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price falls closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
I would not be surprised if there would be forced buyback
This is something I have been considering as a possibility of late. Hopefully if this does come to pass the buyback price is fair to investors, this has been a brutal wait.
im not even sure the IPO terms allow any buyback.
+ buyback are generally used when the company is doing great and/or in order to increase the share price.
seriously this whole story is quite dull.
Bitfountain already possess 2/3 of the shares..
There is no manipulation whatsover for letting friends in or some hidden buyback.
just a lack of liquidity combined with a lack of communication. which both means NOTHING.
Agreed, the company has a solid ethical track record so I do not believe there is any manipulation happening. And the volume is so low on HL there would be no point anyways. I would not completely rule out a buyback in the future though. given how Fried Cat has stated he likes to work for himself first. I would not see this as a sign the company is doing poor either, more so a sign that they are going to do well and may want to shed the burden of having shareholders.
All speculation, the most likely scenario is still a successful Gen4 sometime this Winter. I have been conditioned to long periods of nothingness as a AM shareholder, and then BOOM, rocket launch. It would be very much appreciated if some sign of life from FC or a board member appeared eventually.
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price falls closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
I would not be surprised if there would be forced buyback
This is something I have been considering as a possibility of late. Hopefully if this does come to pass the buyback price is fair to investors, this has been a brutal wait.
im not even sure the IPO terms allow any buyback.
+ buyback are generally used when the company is doing great and/or in order to increase the share price.
seriously this whole story is quite dull.
Bitfountain already possess 2/3 of the shares..
There is no manipulation whatsover for letting friends in or some hidden buyback.
just a lack of liquidity combined with a lack of communication. which both means NOTHING.
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price falls closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
I would not be surprised if there would be forced buyback
This is something I have been considering as a possibility of late. Hopefully if this does come to pass the buyback price is fair to investors, this has been a brutal wait.
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price falls closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
I would not be surprised if there would be forced buyback
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price fall closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
nah, i just think the guy is too busy. lot of stuff to be done.
but i agree FC seems not to give a f#ck about the share price.
which is not that bad from the company's operational perpesctive.
Does anyone else have the strong suspicion that Friedcat et al. apparently don't seem to mind the share price tanking? Maybe even avoiding communicating to the shareholders intentionally, to see that price falls closer to it's target?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
This is what I've been thinking for a few months now. It seems it would have been easy posting an update here and there to try and calm people down and support the price a bit. But it's almost like Friedcat *wants* a low share price. My next thought is - why? Maybe to buy more shares, or to allow his local partners to buy more shares?
I think AM's been rotating its hashing power through the pools. Bitminter has spiked from 1.150 PH/s to well over 2.2 PH for 1-2 days a few times now in the past couple of weeks. Plus, the mining address just gets completely random payouts from everywhere.
havelock is bottleneck for price discovery because only a fraction of shares are being trade there and the market is thin.
moving to things like counterparty make all shares (maybe minus fc and bitfountain) available for trade,
I for one, do not so keen to pm / email fc/hl to transfer back and forth while keeping fingers crossed.
pretty sure there are folks out there wanting to speculate AM, but not want to get involve in a centralized thin market + fc ping pong.
moving to things like counterparty make all shares (maybe minus fc and bitfountain) available for trade,
I for one, do not so keen to pm / email fc/hl to transfer back and forth while keeping fingers crossed.
pretty sure there are folks out there wanting to speculate AM, but not want to get involve in a centralized thin market + fc ping pong.
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