ASICMINER: Entering the Future of ASIC Mining by Inventing It

[binaryFate]

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 

[aahzmundus]

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

[stripykitteh]

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.

[JordanL]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

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.

[JordanL]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

They have ample reserves we asked that question a while back  

I think he was talking about a "transfer fee" of 1-1.5% per transfer

This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway.

Not mine.   

[crashoveride54902]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

They have ample reserves we asked that question a while back  

I think he was talking about a "transfer fee" of 1-1.5% per transfer

This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway.

Not mine.   

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

[Jere.Jones]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

They have ample reserves we asked that question a while back  

I think he was talking about a "transfer fee" of 1-1.5% per transfer

This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway.

Not mine.   

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

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.

[stripykitteh]

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

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.

[AMuppInTime]

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

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.

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

[freedomno1]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

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.

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

[ianp]

I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.

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.

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

Just so everyone's aware -- voting has ended. I've archived the results and we'll move on in a couple of weeks.

However, we are currently compiling a list for the community to vote on (~3 weeks'ish from now), and TAT will send them on to Friedcat (just like this round of questions.)

If you have questions you'd like considered for community voting, you can send them to me, ThickAsThieves, VJain or FrankTank. We will include some that didn't make the cut from the last round, I suspect.

Ian

[Pierre]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

[lophie]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.

[Franktank]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.

Why are you going to sell AM shares for 3 BTC each when you know they're going to be worth 4? 

[VJain]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.

Why are you going to sell AM shares for 3 BTC each when you know they're going to be worth 4? 

What if BFL and avalon ship everything tomorrow? Shares would go down to 2BTC.

Profit is profit.

[CanadianGuy]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.

Why are you going to sell AM shares for 3 BTC each when you know they're going to be worth 4? 

What if BFL and avalon ship everything tomorrow? Shares would go down to 2BTC.

Profit is profit.

I think Friedcat has a couple tricks up his sleeve and has prepared himself well for competition arriving, if they ever do

[lophie]

Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.

Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.

Why are you going to sell AM shares for 3 BTC each when you know they're going to be worth 4?  

What if BFL and avalon ship everything tomorrow? Shares would go down to 2BTC.

Profit is profit.

fool me once, shame on me. Fool me everyday for more than a year and I will start ignoring your existence. BFL is a figment of our imagination. Like unicorns, like the boogie man, no no fried cats are real, that is a different story.

But really 4 btc is a stretch for the price, Beside those 12 shares I bought at a high price because I didnt want the div money to just sit. And now I prefer to sell them at a small profit because shares bought at 2.x are riskier than the ones bought at 1.x and those are riskier than those at IPO price.

Catch my drift?

[freedomno1]

Diversification when supported with good reason never hurts anyone  
Profit is profit

[Franktank]

fool me once, shame on me. Fool me everyday for more than a year and I will start ignoring your existence. BFL is a figment of our imagination. Like unicorns, like the boogie man, no no fried cats are real, that is a different story.

But really 4 btc is a stretch for the price, Beside those 12 shares I bought at a high price because I didnt want the div money to just sit. And now I prefer to sell them at a small profit because shares bought at 2.x are riskier than the ones bought at 1.x and those are riskier than those at IPO price.

Catch my drift?

I'm just teasing, no one will fault you for taking profits.

People said 2 BTC/share was crazy a month ago. Do you think Avalon will ship batch 3 AND BFL ship en masse (more than 50 units a day) within the next month or two?

[Diamondstarfall]

ASICMINER has come a long way.

I'm still kicking myself for not picking up more shares below 2.5