ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Elokane]

Heh. I guess I've been away for too long.

[SmiGueL]

0.00007777 BTC/share confirmed!

[loboferoz]

I only received divs for 1 share.  Anyone in the same boat?

[romerun]

facepalm nothing to eat this week 

[Jutarul]

....
"received end of March" so tested 1-2weeks of April, so update on 2nd-3rd week of April (classic add : *I hope™* *I believe™*) ... so another month of blindness, congratulation, great PR

I don't know whether it is clear by now, but AM is going the B2B route. If you want to enter the sphere of relevance, you have to position yourself as a business partner to AM, which requires large capital investments into IC and datacenter technology. So far AM seems to have all the important business partners lined up for the first months of chip production. The forum will likely be used to source new business partners, which otherwise would not be available.

Unfortunately AM investors and small scale customers take a back seat when it comes to updates, which of course doesn't help with the price discovery for AM. Based on the information available to me, while shareholder management is an important issue to friedcat, company valuation is of a lesser concern. I hope I didn't break the market with that remark.

I understand that the exact timing of chip production and sales are important factors in price discovery and company valuation and I will continue to share updates to the timeline as they become available to me. But firstly, I have no control over when friedcat finds it important to advertise and release information on the forum, and secondly, the business lends itself to production delays which easily can break anticipated dividends. So trade with care.

[neilol]

....
"received end of March" so tested 1-2weeks of April, so update on 2nd-3rd week of April (classic add : *I hope™* *I believe™*) ... so another month of blindness, congratulation, great PR

Unfortunately AM investors and small scale customers take a back seat when it comes to updates, which of course doesn't help with the price discovery for AM. Based on the information available to me, while shareholder management is an important issue to friedcat, company valuation is of a lesser concern. I hope I didn't break the market with that remark.

This has become very clear over the past few months. Likely a positive for the company as a large scale B2B model will provide higher overall revenue albeit at a lower margin. It will also draw less regulatory/legal inquiry that usually comes along with consumer businesses. Thanks for continuing to share updates, much appreciated.

[chriswilmer]

Is there any reason for ASICMINER to be accountable to its shareholders? Let's disregard any legal arguments for the moment... I am interested purely from a free-market incentive perspective. My rookie understanding of the situation was that the primary driving force for ASICMINER (or any company for that matter) to communicate and pay-dividends was to maintain a high company valuation (because friedcat/bitfountain is also a shareholder). What are the forces that hold this together and make it economically rational to hold shares of the company? (i.e., maybe a rational economic analysis would suggest that it is in friedcat's best interest to simply stop paying dividends to shareholders... even if the share price goes to zero, he would be more than compensated by not sharing profits)

EDIT: There are factors beyond "pure economic analysis" such as honor, morality, laws, etc. I am not implying anything about friedcat's motives, but I am just trying to think about how the incentives are structured.

[ning]

Is there any reason for ASICMINER to be accountable to its shareholders? Let's disregard any legal arguments for the moment... I am interested purely from a free-market incentive perspective. My rookie understanding of the situation was that the primary driving force for ASICMINER (or any company for that matter) to communicate and pay-dividends was to maintain a high company valuation (because friedcat/bitfountain is also a shareholder). What are the forces that hold this together and make it economically rational to hold shares of the company? (i.e., maybe a rational economic analysis would suggest that it is in friedcat's best interest to simply stop paying dividends to shareholders... even if the share price goes to zero, he would be more than compensated by not sharing profits)

EDIT: There are factors beyond "pure economic analysis" such as honor, morality, laws, etc. I am not implying anything about friedcat's motives, but I am just trying to think about how the incentives are structured.

Here is my interpretation of another person's interpretation of the words of Friedcat. So it might not be accurate.

The short version is Friedcat is a wise and decent person.

The longer version is that Friedcat enjoys working and working for himself. Suppose he had sold his shares, he would no longer be working for himself. And he couldn't quit either, because shareholders all over the world would demand him to work continuously for them. Nobody wants to be bossed around, so doesn't he. As the man in charge of ASICMiner, it is very easy for him to profit, a lot, from pumping and dumping his own shares (we all know what a little rumor/news could do to the share price), and we should be grateful that he doesn't do that. The best interest for Friedcat is keeping the company growing at full throttle, not trying to fluctuate the share price. And because of this, it would be reasonable for him not to say too much before the company actually delivers. And the overall outcome is that the share price will reflect the actual performance of the company, not rumors or news. I personally think he has been doing the right thing.

I got to realize these because during the "Chinese girl interview" Friedcat addressed similar questions like why he never sold his shares.

[freedomno1]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?
Or was SmiGueL feeling lucky XD

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

[donut]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

This incoming transaction came when dividends were being paid out which I think skewed them.

https://blockchain.info/tx/8ff32ce0fccf94ba6d5164e6b0408073ff76f3a3f7e0569d936786ed39bfb5e8

0.00007777 paid out before the transaction, 0.00008971 after.

Not sure wtf is going on.

[freedomno1]

0.00007777 BTC/share confirmed!

Hmm I see 0.00008971 BTC/Share am I missing something ?

https://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF

This incoming transaction came when dividends were being paid out which I think skewed them.

https://blockchain.info/tx/8ff32ce0fccf94ba6d5164e6b0408073ff76f3a3f7e0569d936786ed39bfb5e8

0.00007777 paid out before the transaction, 0.00008971 after.

Ah that makes sense then steals SmiGueLs post since it will only happen once in a blue moon
0.00008971 BTC/share confirmed!

I did like the 7777 though felt lucky ha-ha

Havelocks dividend  is
0.00007777 BTC/share Presently!

https://blockchain.info/address/1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd

Your right that is weird

[arne]

Who sends dividend from the 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF address? With all the past migrations I can't keep track... 

[NielDLR]

A quick question. I bought some AM1 shares on Havelock this week. I just received news of the dividend. I'm a newbie to Havelock. Where is the dividend paid to? Does it just get paid to your Havelock BTC balance?

[freedomno1]

A quick question. I bought some AM1 shares on Havelock this week. I just received news of the dividend. I'm a newbie to Havelock. Where is the dividend paid to? Does it just get paid to your Havelock BTC balance?

You get a notification that says dividend and it is paid out to your account will show up as a transaction labeled dividend your share holdings and amount when it is distributed

[necro_nemesis]

Thanks for the update Jutarul. It's tough to remain patient with so much speculation. I would prefer to wait and have results raise the value of the stock rather than seeing it fueled by rumors.

[Groc]

Haven't you heard?

Gen 3 was a failure like Gen 2.

[ZephramC]

Haven't you heard?

Gen 3 was a failure like Gen 2.

No we have not heard (from any reliable source).

[arousedrhino]

The Havelock handoff of the AM shares appears to have been successful. I wanted to share that I successfully transferred ~50 shares to direct shares this week using the new Havelock management at the email address AMFund@havelockinvestments.com. Friedcat confirmed the transfer this morning and dividends were paid out today.

Figured I would share for those who were on the fence about moving to direct shares with the new management.

[eb3full]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

[Chris_Sabian]

I also received 0.00007777 per share. Were these dividends fairly distributed to shareholders? What's going on?

31.10807011 from Mining Address / 400,000 shares = 0.000077770

Not sure what the other talk was about.