ASICMINER: Entering the Future of ASIC Mining by Inventing It

[novusordo]

I see what you did there... :-D

Seriously, I don't know why I let it bother me so much. Maybe I'm just frustrated that ASICMINER can't be arsed to put together a simple line of communication that isn't as abjectly useless as this goddamn forum thread. They're a multi-million dollar company and they don't have a website, or even a mailing list. I put together that fucking stupid ASICMINER Watch site in about three hours, and that's including the time spent dicking around with a new CSS framework that I eventually ditched. A MailChimp list would be even quicker. But no... we're stuck on this goddamn forum thread.

Those motherfuckers. They're the only motherfuckers in the mining space I trust at all right now, which is why I own shares, but they're still terrible at communication. And 90% it comes from the fact that this is their official line of communication.

It would be nice to have more communication, but I trust Friedcat and the ASICMiner team with my investment more than any other company in the mining space as well. They've earned that trust.

[Lincoln6Echo]

 Random thoughts:
 
1) Major Asic manufacturers  (Those with the ability to print the chips for pennies per g/h)..  are setting up industrial mines, but to my knowledge, they are all privately owned..  

2) ASICMiner is the only Asic manufacturer that is partially publicly owned  ( Either privately traded or via traded via Havelock).

3) There are only (approx) 400,000 shares TOTAL.  (A very small number honestly in the corporate/stock world)

4) Friedcat has the foresight to set aside Divs to cover 2 years of Lab and employee costs out of the 'Gen1',  to  fund (paid for already)  Gen 3 AND 4.

5) He pioneered 'franchise mining' and has NEVER done Pre-orders.   Both directly benefiting shareholders.

6) He has planned for the most cost-effective mining environment possible with immersion cooling, forward planning where costs become critical to success.

  I don't know of any other Major ASIC vendor/manufacturer that's planned this far ahead, Paid for, with $ in the Bank.

  How can we NOT go to the moon?   Ignore the current trading values for shares.    Friedcat is a long term kind of thinker.  You can bank on it.

  

awesome post +1

[ryepdx]

...
and ryepdx, friedcat.info is down for me
...

Yeah, my web host is moving servers around today. Hopefully will be back up soon.

[BitHub]

is friedcat single? I would like to introduce him to my hot sister.

[coinren]

sell 50 ROCKMINER shares at BTC0.15, anybody interested? just PM.

rockxie, is that you, selling your free shares? anyway, wrong thread

Sorry for the wrong thread, just for more attention.
I'm not rockxie, I'm share holder of RM and AM.
My RM share holder address: https://blockchain.info/address/18X9k9NMaVjXaTrEHszeXP9Fkb1LyMqrbU

[Bonam]

It doesn't matter how far ahead you've planned if other companies are a year + ahead in technology. Gen3 will not stay competitive for very long at all so hopefully they get Gen4 out fast, a LOT faster than the gap between Gen1 and Gen3 was.

Also, for all the people repeating dividends will come out on May 27 as if it's gospel... I'm pretty doubtful.

In one QA session, friedcat says this:

5) When are the sales revenues of the chips expected to be paid out to shareholders? re 5) When the balance payments are received and exchanged for Bitcoins.

In another session he says this:

1) When can we expect the financial report that's supposed to coincide with the next round of dividends? re 1) May 27.

Has he not received the "balance payments" for the chips sold to rockminer and other companies yet? Or has he received the payments and not yet exchanged for bitcoins? I would say that most likely he has already received the payments and clearly has not paid out the dividends yet. So one condition/term to pay out the dividends has already been ignored. Next... the May 27 date refers to a financial report. Numerous dates set for financial reports have been missed in the past. And even if a financial report does come out on May 27, will the dividends come out same day? Given how cursorily friedcat seems to have read and answered the questions, he may not have even seen the second part of the sentence in that question.

Anyway 27th is coming up soon so not much point speculating, but my personal thought is that not only will we not receive any dividends that day, but we won't hear from friedcat that day at all either.

[necro_nemesis]

Anyway 27th is coming up soon so not much point speculating, but my personal thought is that not only will we not receive any dividends that day, but we won't hear from friedcat that day at all either.

If they don't come on the 27th, panic, FUD, stock goes down, I buy more. If they do status quo. No biggy.

[lophie]

is friedcat single? I would like to introduce him to my hot sister.

We caught him once getting it on with the hot secretary forking a chain in the mining farm (Remember that FUD guys  ). We dunno if that is still going on or he was just being the fried player he always has been  

[mc_lovin]

Shareholder seeing the first products shipping:

[necro_nemesis]

Anyway 27th is coming up soon so not much point speculating, but my personal thought is that not only will we not receive any dividends that day, but we won't hear from friedcat that day at all either.

If they don't come on the 27th, panic, FUD, stock goes down, I buy more. If they do status quo. No biggy.

It will be big in both cases

Experience tells me that events of the 27th occurring or not occurring on time is not a make or break with the investment although it may have short term effect on share price to those investors who see otherwise.  We've already been well acclimated to these situations when it comes to AM.

[minerpumpkin]

Anyway 27th is coming up soon so not much point speculating, but my personal thought is that not only will we not receive any dividends that day, but we won't hear from friedcat that day at all either.

If they don't come on the 27th, panic, FUD, stock goes down, I buy more. If they do status quo. No biggy.

It will be big in both cases

Experience tells me that events of the 27th occurring or not occurring on time is not a make or break with the investment although it may have short term effect on share price to those investors who see otherwise.  We've already been well acclimated to these situations when it comes to AM.

But this thread seems to be 30% people who wonder where the divs are and "whether AM is dead", 60% people who expect dividends on the 27th sharp, and 10% people who realise that the 27th is a probable date ("divs should precede or coincide with the financial statement (as soon as converted)" and "financial statement (supposed to coincide with divs) can be expected May 27th"), but no deadline, definitive div date or anything. But I stopped trying to predict what the price on Havelock does, lotto numbers haven proven themselves easier to forecast for me.

[novusordo]

I stopped trying to predict what the price on Havelock does, lotto numbers haven proven themselves easier to forecast for me.

That's because they are easier to forecast.

[necro_nemesis]

As I stated before it's a small volume of the total shares trading on speculation rather than value that effect the current share price. This was easily spotted when the price prior to Gen3 was higher than when we had a proven ASIC. Where you'll have a better appreciation is when larger volumes attempt to change hands but so far we see what appears to be ripples and a few small waves in trading on Havelock having a disproportionate effect on share price.

[arousedrhino]

 Random thoughts:
 
1) Major Asic manufacturers  (Those with the ability to print the chips for pennies per g/h)..  are setting up industrial mines, but to my knowledge, they are all privately owned..  

2) ASICMiner is the only Asic manufacturer that is partially publicly owned  ( Either privately traded or via traded via Havelock).

3) There are only (approx) 400,000 shares TOTAL.  (A very small number honestly in the corporate/stock world)

4) Friedcat has the foresight to set aside Divs to cover 2 years of Lab and employee costs out of the 'Gen1',  to  fund (paid for already)  Gen 3 AND 4.

5) He pioneered 'franchise mining' and has NEVER done Pre-orders.   Both directly benefiting shareholders.

6) He has planned for the most cost-effective mining environment possible with immersion cooling, forward planning where costs become critical to success.

  I don't know of any other Major ASIC vendor/manufacturer that's planned this far ahead, Paid for, with $ in the Bank.

  How can we NOT go to the moon?   Ignore the current trading values for shares.    Friedcat is a long term kind of thinker.  You can bank on it.

  

Shhhh... Keep things like this to yourself Let them worry about the divs!

[webbrowser]

@binaryfate, necro_nemesis: thanks, i knew it couldn't have been 2.5 chips in there

@Fordee, how does your optimism support the share price if the forecast dividends for the first 3 batches (with the fattest profit margins) totals just 0.18, and with no gen4 in sight?

[Fordee]

@Fordee, how does your optimism support the share price if the forecast dividends for the first 3 batches (with the fattest profit margins) totals just 0.18, and with no gen4 in sight?

Well the last time I checked the price was about 0.5, and your suggesting total batch div's of 0.18...   Lets spread that over an an average  company's Quarter earnings.. netting a measly 38% dividend based on percent.   

Wall Street would have a wet dream over this RIO regardless of future stock value.

Yeah, I am personally content waiting...

But hey.. Your mileage may vary..

[webbrowser]

Yeah, it doesn't look very good to me, especially considering how lumpy the dividends will be.

Has anyone put together a dividends history?  I've already taken available dividend data from Havelock's AM1 and BTCT's ASICMINER-PT but that doesn't go back before 2013-03-06. 

Also looked at 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF (this is the dividends address right?) but strangely that only goes up to 2013-02-24.

[Fordee]

I believe AsicMiner div's were being poured into 1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i  until they recently stopped...     
 

Side Question for anyone with a solid realistic non-fud based answer... or other suggested conclusions

  Based on the below...

   a) When div's stopped, AsicMiner had 47TH approx according to eripo at the time...   
   b) Havelock last div payout March 30th ...  Last 'block' found at above address on April 9th
   c) Regardless of increasing difficulty, 47TH today should mathematically net a minimum 2 blocks per month..

 So either,

   a) Friedcat has started mining to a different address.... and we'll have a nice div surprise.
   b) Since April 9th to May 22 he has had REALLY bad luck...and not mined a single block..
   c) The 47TH was taken offline and gutted to be upgraded into a new Gen3 Farm.
   d) .... Other suggestions what may have happened?

 TL;DR; -While we have all been speculating and waiting patiently .. Friedcat's farm hasn't mined ANYTHING?

  Not realistic.     Gentlemen, what's missing?   Lets have some fun while we wait

[necro_nemesis]

I believe AsicMiner div's were being poured into 1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i  until they recently stopped...     
 

Side Question for anyone with a solid realistic non-fud based answer... or other suggested conclusions

  Based on the below...

   a) When div's stopped, AsicMiner had 47TH approx according to eripo at the time...   
   b) Havelock last div payout March 30th ...  Last 'block' found at above address on April 9th
   c) Regardless of increasing difficulty, 47TH today should mathematically net a minimum 2 blocks per month..

 So either,

   a) Friedcat has started mining to a different address.... and we'll have a nice div surprise.
   b) Since April 9th to May 22 he has had REALLY bad luck...and not mined a single block..
   c) The 47TH was taken offline and gutted to be upgraded into a new Gen3 Farm.
   d) .... Other suggestions what may have happened?

 TL;DR; -While we have all been speculating and waiting patiently .. Friedcat's farm hasn't mined ANYTHING?

  Not realistic.     Gentlemen, what's missing?   Lets have some fun while we wait

Hope this helps answer your question.

4) When are the new chips expected to start mining in ASICMiner datacenters and what hashrate are you currently planning on deploying?
re 4) May-June for air cooling and June-July for immersion cooling. They are only capable of 3PH. Most should go franchising or as chips for other vendors' OEM products.

[smilence]

btcgarden-AM-v1 Miner also use AiscMiner chips  
http://www.btcgarden.com/product

http://www.btcgarden.com/garden-asic1.html
Out of stock