Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It

Hm... Was I the only one who expected over 0.012 per share? I know friedcat said he held back ฿2K to pay for future growth, but isn't that virtually all of the auction proceeds?

It would be nice to know it beforehand. At least we noch would have 60% more dividend. High cost of course but at the end it will lead to even higher dividends for shareholders.

There has been no clear guideline to how much money has to be retained as operational cash. I understand that the current policy is to give the earnings back to the investors (and owners of bitfountain) as cash unless there is a reason not to. The current operation generates so much profit, that this can be decided on a weekly basis and it falls within the discretion of bitfountain.

A reminder, this is not a mining bond, it's an equity in a profit-oriented business, which just happens to generate profit from mining with their proprietary hardware.

I don't think any company can pull off predictable and accurate weekly business plan and accounts. If we need conventional predictability, we'd better switch to conventional annual cycles. That would also help with "variance". Wink

ASICMiner moves at the speed of light compared to other equities. I have been left a bit wanting for more though, with the weekly announcements. I appreciate the hard work that Friedcat and his team have performed, but I do think we deserve more information than the updates give us. We get three lines of thought per week lately. I certainly hope that board members are getting more information than us mere shareholders are getting, and that intelligent planning is taking place based upon those discussions.