Methinks Mabsark is upset he missed
Wouldn't be surprising as his whole posting history is failed predictions.
Over 0.40 now. I don't get it. Worse dividends ever, no hope of anything better for weeks. Stock jumps up 50%.
Unless you account AM is in development mode again - same way shares that did not deliver anything yet, but promise future revenue, get traded.
Really pankkake? Remember when shares where going for 4+ BTC and I said this:
It's my opinion that a lot of investors simply don't understand how mining works. If they did, then they would understand that AM hardware and shares are vastly overpriced.
Just like a lot of people paying silly money for mining bonds have found out, AM investors will come to the same realisation that share prices are currently way overpriced.
LISTEN AND LISTEN CAREFULLY. The only reason why AM is able to charge such outrageous prices is because they've had no competition. By the end of the year, there will be plenty of competition. Here's a quick comparison:
AM Block Erupter Blade
10 Gh/s
50 BTC = 5,000 USD @ 100 USD/BTC
2 Mh/s per USD
KNC Jupiter
350 Gh/s
7,000 USD @ 100 USD/BTC
50 Mh/s per USD
It should be blatantly obvious to anyone with half a brain that there's going to be a lot less income from hardware sales due to competition. That same competition will also decrease AM's share of the network hash rate.
AM share holders are going to get hit by a good dose of reality in the coming months. Perhaps then they will stop listening to idiots trying to flog them overpriced stuff and do the maths themselves.
To which you replied:
AM will probably have better hardware to sell than what they have now by then. They will also be able to sell their old, less-efficients ASICs (sure it will be for less) if they replace them in their datacenter.
They have the experience and people know they ship. So I doubt they'll have trouble selling new hardware.
and,
You're missing the part where I think they will have better hardware, and while it will have to be priced better, it will also be still competitive. The selling of older hardware is just icing on the cake.
ASICMINER has a history of shipping and no false promises.
Also, I renew my scepticism of KNC having access to 28nm fabs.
Remind me how that turned out again. You guys are all blinded by greed again and you're all going to get burned again. I've shown you guys the numbers, if you don't believe those numbers, then use your own values and do the maths yourselves. Look at the facts.
Edit: I urge everyone to go back to
page 20 of the speculation thread. The argument I made back then was blatantly obvious to me, yet I could count the number of people who understood that on one hand. People delude themselves into believing nonsense simply because they want that nonsense to be true. Unfortunately, reality does not work like that.
Aren't you the guy who was pumping Labcoin and so arrogant/confident how it would play out. Be sure to quote those posts too so we can see for every correct prediction you make an equally moronic one.