It simply isn't the unique source of income, and was overtaken by selling hardware more than once.
It's not convenience, it's not being dumb.
Yes, I'm aware it's not the unique source of income. I already said that diversifying makes sense, when it works. Right now we have no good hardware and no "meaningful" mining, so "not being dumb" isn't working out that well.
Care to name one of the competition that is "overtaking" asicminer. Am cube which uses old "used car" tech still competes in cost efficiency wotb those brand new 28nm new tech chips from knc and bitfury.
can you provide a list of this "ton of viable competitors" that are currently shipping at lower costs than AM?
I will leave it to you to exit the ASICMINER echo chamber and do some research of their competitors. I'll give you a hint - the network hasn't reached 5300 TH because of blades and cubes.
If you bought at 5btc/per that is your own fault for buying in to an incredibly overvalued stock at the time. It was obvious that 5btc per share is ridiculous because 10% network hashrate equates to 1btc/share and maybe this says something about how dilusional you are regarding asicminers value.
I never said I bought in at 5BTC, and I'm not "dilusional" about it's value, in fact, I'm quite realistic. There's no need to resort to personal attacks if you feel I have a strong argument.
There's a lot of complaining in this thread lately, which is understandable, considering large swings in stock prices can cause strong emotions.
It's not "complaining" - it's being realistic. I have no idea why you uphold Friedcat as some deity that cannot be doubted and that we should all worship and never slander. And anyway, shareholders have all the right in the world to "complain" about a company they are invested in - I was part of the original IPO and I can say whatever I want because it was partly my money that allowed Friedcat to do what he did. Most of this thread, especially in the last few weeks, is for emotional support, where you guys keep convincing each other "yeah it'll go back up! Friedcat knows everything and this was his plan! to da moon!". Friedcat is what Americans call a "one hit wonder", if that is the correct terminology.
You basically just reposted your original post without addressing any of the responses.
Again you say asicminer has no good hardware but you fail to provide a link to any competitor that supposedly is destroying asicminer. You said yourself that the network is 5/ph and where did that come from? Considering am claims to have sold 1000 th that makes 1/5th of all mining devices asicminer hardware. Bitfury/knc had like 1ph when I checked last and I'm guessing bfl contributed at least 1000 as well. So where are these superior devices?
I am not personally attacking you by saying you are delusional as you will notice you are the first one to call every asicminer investor delusional.
And no you don't have a good argument. The only person who thinks you do is yourself.
So you have 2 options: provide evidence of asicminers competitons "superior" hardware or gtfo.