ASICMINER: Entering the Future of ASIC Mining by Inventing It

[ensurance982]

I've been following those sales addresses previously discussed for some time now, and they do all funnel into maybe 20-30 addresses that seem to be contained within maybe 5-6 wallets.  You can tell from things like key sweeps that wallets are clustered, and from the central "node" addresses (like 13p5iQkqBEVgKmPeJqEL2LBRS44PjX1dZL), a number of txs with nice, round amounts get shuffled through and around to new smaller addresses, but occasionally lump to quite large sums. 

If these are indeed friedcat/AM's wallets, then damn, he shuffles the funds often and holy hell, AM has a lot of BTC on the books right now.  Granted, nothing's appearing in the self-mining addy or in the shareholder payout.  And again, I don't expect a large part of what's on the books to be paid out as divs (divs were way, way too large last time, imo).

He is most likely scaling up as much as he can. Achieving 10% should be the minimum goal in my opinion. He needs to take every income he makes with the current mining power and invest it into new gear, and parts of it of course in gen 4. It is essential that gen 4 is completely funded.

[laustcozz]

He is most likely scaling up as much as he can. Achieving 10% should be the minimum goal in my opinion. He needs to take every income he makes with the current mining power and invest it into new gear, and parts of it of course in gen 4. It is essential that gen 4 is completely funded.

I agree.  From what I can see with our limited information, it looks like we nearly ran out of money with the Gen 3 launch, and started with much smaller batches than we should have.  Using May sales to pay for July production because we overpaid dividends was IMHO Asicminer's biggest blunder so far.  Every day lost to lack of funding was money thrown away.  Given the efficiency achieved at 40nm compared to competition coupled with the move to 28 nm and FriedCat's anticipated design improvements, Gen 4 should be something special, and to starve it due to short funding would be criminal.

[bitcoin.newsfeed]

Wasn't here for a while, whats new? Dividends in August? 2 or 3 announced interviews? Era of exahash? PR person?

[gogxmagog]

How would a spike in btc USD value affect dividends? Would it even? Rumour has it that Apple new payment system will include btc with paypal. If true= moon

I'm assuming big spike would enable FC to cash out less btc to cover any fiat only costs therefore more btc to go around for us. Would FC hold back dive waiting for price to spike? Would there be logic in this strategy? I really hate waiting like this because I start to worry and think up nightmare scenarios.

[Bonam]

How would a spike in btc USD value affect dividends? Would it even?

For dividends to be affected, there have to be dividends...

[jimmothy]

How would a spike in btc USD value affect dividends? Would it even?

For dividends to be affected, there have to be dividends...

At least nobody here (other than you) is desperate enough to advertise the most obvious ponzi scheme in bitcoin history.

Do you have no shame?

[Bonam]

At least nobody here (other than you) is desperate enough to advertise the most obvious ponzi scheme in bitcoin history.

Do you have no shame?

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

[jimmothy]

At least nobody here (other than you) is desperate enough to advertise the most obvious ponzi scheme in bitcoin history.

Do you have no shame?

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

You see absolutely nothing wrong with investing in and advertising a ponzi scheme?

You're preying on financially ignorant/naive idiots which makes you a borderline scammer for perpetuating such an obvious scam which should have never got off the ground to begin with.

Good luck with your scamming.

[Bonam]

At least nobody here (other than you) is desperate enough to advertise the most obvious ponzi scheme in bitcoin history.

Do you have no shame?

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

You see absolutely nothing wrong with investing in and advertising a ponzi scheme?

You're preying on financially ignorant/naive idiots which makes you a borderline scammer for perpetuating such an obvious scam which should have never got off the ground to begin with.

Good luck with your scamming.

I have never scammed anybody. If you have a problem with a company that is being advertised in a signature campaign, feel free to post on their threads with your concerns.

Back on topic... Asicminer.

[gog1]

The 67117 user on btcguild has been stuck at 280 TH for ages.  how are the sales thread doing on the forum?

[ensurance982]

How would a spike in btc USD value affect dividends? Would it even?

FC needs to pay his electricity bills. Even if he managed to gain access to cheap electricity, the bills need to be paid. And when the BTC price goes down 25%, we've got 25% less FIAT to pay the bills -> less revenue.

[silverfuture]

At least nobody here (other than you) is desperate enough to advertise the most obvious ponzi scheme in bitcoin history.

Do you have no shame?

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

You see absolutely nothing wrong with investing in and advertising a ponzi scheme?

You're preying on financially ignorant/naive idiots which makes you a borderline scammer for perpetuating such an obvious scam which should have never got off the ground to begin with.

Good luck with your scamming.

I have never scammed anybody. If you have a problem with a company that is being advertised in a signature campaign, feel free to post on their threads with your concerns.

Back on topic... Asicminer.

You are scamming by getting paid to endorse a scam. You are either evil or completely stupid. Go post somewhere else please.

[ensurance982]

The 67117 user on btcguild has been stuck at 280 TH for ages.  how are the sales thread doing on the forum?

I don't think that this is the entirety of AM's mining operation. Granted, it would be about 4 times the gen 1 hash rate, but the new chips are about 30x as fast when it comes to hashing power and almost 10 times as efficient power-consumption-wise!

[rudi]

The 67117 user on btcguild has been stuck at 280 TH for ages.  how are the sales thread doing on the forum?

I don't think that this is the entirety of AM's mining operation. Granted, it would be about 4 times the gen 1 hash rate, but the new chips are about 30x as fast when it comes to hashing power and almost 10 times as efficient power-consumption-wise!

Other possibilty: Friedcat put little effort into adding gen3 chips to the self-mining operation because gen4 is coming so soon.

[Mabsark]

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

If you know that they're running a ponzi scam and will be ripping people off, what makes you think that they won't we ripping you off as well.

[fsb4000]

If someone offers good money for a sig campaign and daily payments, why not? People should do their own due diligence about the ads they see in the signatures of other members.

If you know that they're running a ponzi scam and will be ripping people off, what makes you think that they won't we ripping you off as well.

daily payments. Maybe he cashouts every day....

[drasted]

When did this stop being the ASICMINER thread?

[ensurance982]

The 67117 user on btcguild has been stuck at 280 TH for ages.  how are the sales thread doing on the forum?

I don't think that this is the entirety of AM's mining operation. Granted, it would be about 4 times the gen 1 hash rate, but the new chips are about 30x as fast when it comes to hashing power and almost 10 times as efficient power-consumption-wise!

Other possibilty: Friedcat put little effort into adding gen3 chips to the self-mining operation because gen4 is coming so soon.

Could also very well be! My guess is that FC didn't anticipate the continuing price drop we're currently observing. He has to pay for FIAT spendings with the mining income, after all! If gen 4 is working out great so far, he might very well be focusing on that now.

[Mabsark]

Could also very well be! My guess is that FC didn't anticipate the continuing price drop we're currently observing. He has to pay for FIAT spendings with the mining income, after all! If gen 4 is working out great so far, he might very well be focusing on that now.

Depending on the chip sales and the denomination of the currency used, AM might have plenty of fiat to see them through such periods without needing to convert bitcoins at low prices to pay the bills.

[SaintFlow]

Alright, when are the next numbers comming?

Board members: When is the next meeting?