ASICMINER: Entering the Future of ASIC Mining by Inventing It

[velacreations]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

3000 btc is .0075 per share.

[BitThink]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

[velacreations]

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

Costs have already been paid for, there is no way shipping is 20% of that price.

The 1/3 that have already sold were most definitely sold over 1 btc, probably closer to 1.5.  So, the figure for the sales already may be 4500 btc. If the remaining 6000 can average more than .8 btc each, we are looking at another 4800 btc, for a grand total over 9000 btc (.0225 per share)  If that's spread out evenly over 5 weeks (I doubt it will be), that's .0045 per week.

[chairforce1]

are is the 200 BTC order at .47 manipulation or did i miss something?

[silverfuture]

are is the 200 BTC order at .47 manipulation or did i miss something?

Someone is reading the forum with their calculator handy. We already know how tied the share price is with the dividend. Does anyone think it won't work in reverse?

[BitThink]

Let's assume the profit margin is 80% and all cubes could be sold at 1 BTC, then 7200 / 400000 = 0.018. Considering this could be all hardware sales left in the rest of 2013, it seems not so impressing (0.018 / 5 = 0.0036 and we all know that the mining income is negligible now). Is there any information about what's the next hardware after cube?

Costs have already been paid for, there is no way shipping is 20% of that price.

The 1/3 that have already sold were most definitely sold over 1 btc, probably closer to 1.5.  So, the figure for the sales already may be 4500 btc. If the remaining 6000 can average more than .8 btc each, we are looking at another 4800 btc, for a grand total over 9000 btc (.0225 per share)  If that's spread out evenly over 5 weeks (I doubt it will be), that's .0045 per week.

Yes, the cost of these cubes may have been paid already, but costs for the gen3 chips will be deducted from these sales. So still no reason assume revenue == profit. Moreover, assuming the rest 6000 can be all sold at .8 btc is very optimistic already considering the competition and difficulty increase. Finally, even the dividend is stable at 0.004 for the rest of this year. How about Jan - Mar 2014? I believe friedcat has to hold some dividend to cover those three months. So I will not be surprised if the dividend keeps around 0.002 for the next four months.

[velacreations]

Yes, the cost of these cubes may have been paid already, but costs for the gen3 chips will be deducted from these sales.

why do you assume that?  We've been deducting revenue for weeks to pay for that.  Why do you assume FC doesn't have the money for Gen3 already?

So still no reason assume revenue == profit.

certainly not, but 80% profit on product you have already paid for is low.

Moreover, assuming the rest 6000 can be all sold at .8 btc is very optimistic already considering the competition and difficulty increase.

Why?  they just sold 3000 in a week or so at close to 1.5.  I imagine they can sell another 3000 next week for 1.25, and the next 3000 at 1.  evenm if it takes them all of December to sell them, I think you'll find that the average price will be higher than .8 btc.

Finally, even the dividend is stable at 0.004 for the rest of this year. How about Jan - Mar 2014? I believe friedcat has to hold some dividend to cover those three months. So I will not be surprised if the dividend keeps around 0.002 for the next four months.

When has he ever done that?  He pays out the dividend when he has it, he doesn't hold it to give dividend for later months.

[silverfuture]

How many asic companies are there that are delivering in-hand hardware and not needing to rely on pre-orders to develop it? How many companies in the world (virtual or not) are there that have no debt?

[dexX7]

So you are saying ActM has currently mined 0 bitcoins? If so, its not a great track record compared with AM.

No, of course I don't compare them in that way. Sorry, if this was not clear. The price spiked based on the press release (which was foreseeable), tumbled and then slowely slided down and might come back up, if ActM delivers.

The similarity is that AM made an announcement of gen 3, the market reacted, but if there is nothing new in the mid-term, I see the same happening till AM delivers.

Yes, plus there is at least 9000 btc incoming from cube sales.  Preorder? Yeah, a preorder that pays you nice divs while waiting for the motherload.

3000 out of 9000 were ordered. Though Carnary's 100 were sold within 24 hours, so it takes probably only a short timeframe.

[KS]

Shouldn't the share price rather be discussed here: https://asktom.cf/index.php?topic=235763.0 ?

 

[SebastianJu]

And 28nm is not coming next. Next is 40nm.

Next is 40nm? I think gen2 was scrapped because it didnt work and friedcat moved on to work with gen3 because it was more promising? So whats correct now?

Costs have already been paid for, there is no way shipping is 20% of that price.

Is friedcat still selling miners for a price that includes the shipping cost? Thats bad business practice since buyers will compare to other miners and those wont have the shipping cost included for sure. Its better to be able to show a price that is a bit better and at the end of ordering put the shipping cost on top. At that point a customer doesnt care anymore about shipping cost because he awaited it. But including it from the start will drive potential customers away.

[lophie]

Q) Can Lophie change ONE letter and make this post very very scary and inaproperiate?

A) YES,!

Is friedcat still selling minors for a price that includes the shipping cost? Thats bad business practice since buyers will compare to other minors and those wont have the shipping cost included for sure. Its better to be able to show a price that is a bit better and at the end of ordering put the shipping cost on top. At that point a customer doesnt care anymore about shipping cost because he awaited it. But including it from the start will drive potential customers away.

[weaknesswaran]

Is friedcat still selling miners for a price that includes the shipping cost? Thats bad business practice since buyers will compare to other miners and those wont have the shipping cost included for sure. Its better to be able to show a price that is a bit better and at the end of ordering put the shipping cost on top. At that point a customer doesnt care anymore about shipping cost because he awaited it. But including it from the start will drive potential customers away.

I disagree.
Customers always pay shipping costs, they are included in the price.
When somebody buys more than one unit, shipping costs are paid multiple times but actual costs won´t rise much.

[JimiQ84]

friedcat sells bulks to resellers (probably shipping included in price) and resellers sell to customers, shipping extra

[SebastianJu]

Can someone give me the link with the direct shares listed together with the amount of shares and the div-address?

[velacreations]

Is friedcat still selling miners for a price that includes the shipping cost? Thats bad business practice since buyers will compare to other miners and those wont have the shipping cost included for sure. Its better to be able to show a price that is a bit better and at the end of ordering put the shipping cost on top. At that point a customer doesnt care anymore about shipping cost because he awaited it. But including it from the start will drive potential customers away.

I don't know if he includes it or not, but I expect he does.  It's not a bad thing, because he earns in BTC and shipping is paid in Fiat.  It certainly won't make up 20% of the sell price.

[SebastianJu]

Regarding shipping... the problem is probably nearly not existing when he sells miners only to resellers and with a minimum units per shipment. Then shipping cost wouldnt matter much.

What i mean is it would be bad for enduser sales since endusers only check the prices for the miners and dont care about shipping cost for the moment. Even all the comparing websites only take the normal miner prices to compare. If a cube for 1BTC includes shipping cost and a miner form another company with the same specs doesnt contain shipping cost but is 0.95BTC because of that then it looks like Asicminer is a bit more expensive and most people want to get things the cheapest way. So at compare lists like http://mining.thegenesisblock.com/ asicminer would have a disadvantage from the start.

Of course friedcat would receive more money when customers buy more miners in one shipment but customers have to get to that point first.

Thats why i think its best to price miners at 0.95BTC, have the miners look more competitive this way and each customer will pay the shipping cost at the end without thinking much about it. Even when he would think carefully before if another miner would be a small bit cheaper.

I only think its an advantage that i always would use if possible.

Of course its relatively theoretical if he only trades with resellers.

[SebastianJu]

Found the list of shares though its 4 months old now unfortunately. There is nothing newer?

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c#gid=9

[KS]

And 28nm is not coming next. Next is 40nm.

Next is 40nm? I think gen2 was scrapped because it didnt work and friedcat moved on to work with gen3 because it was more promising? So whats correct now?

Both are correct. Gen2 was 55 or 65nm (can't be bothered to look it up, it's dead) and was scrapped. Gen3 is 40nm and that's what's coming next after Gen1.

[SebastianJu]

And 28nm is not coming next. Next is 40nm.

Next is 40nm? I think gen2 was scrapped because it didnt work and friedcat moved on to work with gen3 because it was more promising? So whats correct now?

Both are correct. Gen2 was 55 or 65nm (can't be bothered to look it up, it's dead) and was scrapped. Gen3 is 40nm and that's what's coming next after Gen1.

Really? Man... all this floating infos... i was convinced that friedcat works on 28nm... ok... then gen3 Asicminer ist 40nm...