ASICMINER: Entering the Future of ASIC Mining by Inventing It

[stslimited]

Asicminer is 6% of the network and decreasing, and nobody knows what the hardware sales are yet, and nobody knows what friedcat's timeline/plans are for faster chips


that completely explains the selloff,  and also in the auctions there are more sellers than buyers for now

thats it

I believe Friedcat has the infrastructure to deploy quickly, so enjoy your cheaper shares

[tinus42]

Things move a warp-speed in the bitcoin universe. This generates a particular form of time-dilation that has the effect of compressing the "Yes, but what have you done for me lately" syndrome. It is a disease of perception closely related to "Space Madness".

"Others promise, Friedcat delivers." This is as true today as it was yesterday.

I hope so. It took some time for him to transfer my direct share. I hope this means FC is busy with awesome stuff that will surprise us once again.

[btcbot]

Things move a warp-speed in the bitcoin universe. This generates a particular form of time-dilation that has the effect of compressing the "Yes, but what have you done for me lately" syndrome. It is a disease of perception closely related to "Space Madness".

"Others promise, Friedcat delivers." This is as true today as it was yesterday.

Also, it's my impression that the shareholders of the pass-through shares are in large part, new investors, never having weathered a bad quarter or the lure of penny-stock giga-profits.  Dumping and buying back lower and then dumping and buying back higher over and over... 

[velacreations]

damn, back down to 3.5

I guess we gotta wait to see what dividends will be tomorrow to see a rally here.

[tinus42]

damn, back down to 3.5

I guess we gotta wait to see what dividends will be tomorrow to see a rally here.

[stefffe]

damn, back down to 3.5

I guess we gotta wait to see what dividends will be tomorrow to see a rally here.

Yeaah

And here I am thinking I made a good deal when i got them for just under 4 last week

[VeeMiner]

Yes, the selloff reasons are pretty evident:

- new big competition with big plans (so far it's all vaporware though)
- no ETA on new blades
- ASICMINER hashrate doesn't keep up with the quick difficulty rise
- no info about new chip design

however I am still bullish on the AM for these reasons:

- friedcat is a really good and smart businessman
- there is definitely more hashrate to be deployed soon (the 262 Thash, some sold, some deployed, but it's there)
- I'm sure that friedcat and his team are hard at work at new chip design and they have the resources and expertise to make the best chip available. You should be able to walk before you start running!

So I'm long on my position with AM and the current development is fine with me.

[velacreations]

Yes, the selloff reasons are pretty evident:

- new big competition with big plans (so far it's all vaporware though)
- no ETA on new blades
- ASICMINER hashrate doesn't keep up with the quick difficulty rise
- no info about new chip design

well, I think this doesn't tell the whole story.  The drop in price times perfectly with the Labcoin bubble.  So, people are likely moving into riskier positions to try and make some profit on the hype.  As Labcoin drops back down, AM starts coming up, which to me, indicates that those who are profitting on the crowd are putting profits back into safer places to hold.

At the same time, USD/BTC is increasing, so I do think people are locking in some profits, there.

On top of all of that, the rebound from yesterday was erased almost signle-handedly by one trader.  The drop in price yesterday also was executed in the same way, with someone filling buy orders from 3.7 to 3.5 almost instantly.  So, there is a bit of market manipulation happening here, too (or maybe just ignorant traders).

I would like an update from FC regarding the recent hash decrease.  Typically, when we see hash rate moving like this, it means FC is moving things around.  They may be testing the lease program, new hardware, etc, but we just don't know.

AM definitely has a lot of hardware/TH on hand, so there must be a reason why the hash rate is not increasing.  I'm sure FC and team are working on it (they are not likely sitting around), but it would be nice to know the situation.

[SaintFlow]

one of the biggest reasons to sell is the lack of weekly update from fc

[velacreations]

one of the biggest reasons to sell is the lack of weekly update from fc

he's got better things to do that spend time on this thread, but it would be great to get some info.

If he does post on Thursday, do you think it will trigger a buying spree?

[velacreations]

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

When did he say he wouldn't be honoring it?

[nubbins]

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

When did he say he wouldn't be honoring it?

He didn't. Guy sold all his shares in AM because they're maximizing profits instead of subsidizing hardware to shareholders.

Only in bitcoin-land...

[tkone]

panic sell panic sell,
lets drop price even lower, this way we can buy back more shares!?
lets do it?
how low think we can go? i want more shareS?!?!?!

[Xendrios]

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

Where can I read about fc promising this promotion? thanks

[cw92]

You should thank Friedcat, otherwise you might have actually bought the Eruptors..

[teek]

who said the .1 promotion won't be honored?  We at WTCR.ca  started shipping promo orders yesterday, and i am sure others are doing the same ?

[Xendrios]

I sold all my shares when it became clear Friedcat had no intention of honoring the .1 promotion for the USB erupters any time soon.  This may seem like a small thing, but to me it is a sign that something is wrong at ASICminer or he does not do what he says he will do. I would think it was the former, except I see these being offered for sale in bulk lots of 500, while many wait for the .01 promotion to be honored.  Either way, it is not a good sign to announce a promotion like that and then not follow through with it.

Where can I read about fc promising this promotion? thanks

Through his resellers.  Take a look at the group buy threads and the .10 promotion thread that CanaryInTheMine locked:

https://asktom.cf/index.php?topic=268263.0

You are welcome.   

ic, thanks, wasn't aware of this yet.

[Pinwheel]

isn't it clear,  Vycid's smart-ism has only serve one aim, he wants to buy low.

[Mabsark]

Yes, the selloff reasons are pretty evident:

- new big competition with big plans (so far it's all vaporware though)
- no ETA on new blades
- ASICMINER hashrate doesn't keep up with the quick difficulty rise
- no info about new chip design

well, I think this doesn't tell the whole story.  The drop in price times perfectly with the Labcoin bubble.  So, people are likely moving into riskier positions to try and make some profit on the hype.  As Labcoin drops back down, AM starts coming up, which to me, indicates that those who are profitting on the crowd are putting profits back into safer places to hold.

At the same time, USD/BTC is increasing, so I do think people are locking in some profits, there.

On top of all of that, the rebound from yesterday was erased almost signle-handedly by one trader.  The drop in price yesterday also was executed in the same way, with someone filling buy orders from 3.7 to 3.5 almost instantly.  So, there is a bit of market manipulation happening here, too (or maybe just ignorant traders).

I would like an update from FC regarding the recent hash decrease.  Typically, when we see hash rate moving like this, it means FC is moving things around.  They may be testing the lease program, new hardware, etc, but we just don't know.

AM definitely has a lot of hardware/TH on hand, so there must be a reason why the hash rate is not increasing.  I'm sure FC and team are working on it (they are not likely sitting around), but it would be nice to know the situation.

I've seen no evidence to suggest that they have such hardware on hand. I remember Friedcat saying that there was 200 TH/s incoming in 2 sets, with the first batch of the first 100 TH/s entering (or was it leaving) the fab. Since then, I've heard nothing about those chips. Do you have a link to an update about them or something?

The above, coupled with the fact that the hash rate hasn't increased, tells me that they don't in fact have such hardware. If they did have the hardware, why would they just leave it sitting there doing nothing but collecting dust?

[Lauda]

who said the .1 promotion won't be honored?  We at WTCR.ca  started shipping promo orders yesterday, and i am sure others are doing the same ?

Nice, keep up the good work.