OFFICIAL ASICMINER UPDATE
In an effort to take ASICMINER to the next level as a business, the board met today to discuss ways we can provide better service to our customers and better communication to our shareholders. Below you will find some updates of what's been going on behind the scenes.
LTC ASIC
ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard.
With huge increse in price of LTC I think the board must discuss LTC ASIC again. These is a whole new market and worth a lot.
Noted. From an investment point LTC mining is still not of significance. Owning 50% of a 4% market is still less than owning 10% of the full market. Additionally, albeit the existence of alternative digital currencies is an important aspect of the whole ecosystem, LTC just doesn't have the same market penetration as btc, which raises the question whether a 4% market cap is already bubble territory, especially since the money supply is really 4-fold in LTC, not the 2:1 relationship now.
That said, friedcat may have the resources (time,money) available to fund a project like that as part of the speculative activity of AM - I'll make sure it gets mentioned in one of the upcoming board meetings.