For those of you who do not frequent the main ASIC MINER thread, I will post a small update from the salon (conference) that was recently held by ASIC MINER where Fried Cat revealed his identity to the public for the first time:
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So to summarize what has been discussed so far from the conference:
- ASIC MINER has a 1T Miner that will be available for sale at some point next week
- The goal for the second half of 2014 is to achieve 15-20% of the Bitcoin network
- The company hopes to resume dividends in the month of August
- Self-mining operation will include BE200 and BE300 series
- In terms of competition, the company is aiming to squeeze many of them into the negative profit territory
- A focus on information dissemination from the sales team going forward (better public relations)
** This could be subject to change or interpretation as more information from the conference flows in. Assuming the majority of the above is accurate I would say this salon was a success for the company and it's shareholders. I would like to hear more about the future of Gen4 that was discussed regarding the age of Exahash. Seems there is a lot of good news for current shareholders (Gen3) in here.
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Thanks went away for a bit so its convenient to see a summary of the goals
15 to 20% of the network is a good dividend rate and dividends starting in August is a good sign
Anyways squeezing the competition seems fair given that friedcat was trying to make a competitive circle between miners and sellers but other chips were getting in the way doesn't work if only one actor tries something while the rest go all out.
Sort of like Saudi Arabia pre OPEC agreeing to a fixed oil supply and then everyone else lol.