Quote from: RoadStress on August 04, 2014, 06:59:41 PM

Quote from: JimiQ84 on August 04, 2014, 11:17:57 AM

Let's say it's $0.5/GH/s as you said before. AM surely sold some more chips since financial report was published. Was it enough to deploy all 32PH/s? Maybe. Maybe not. Friedcat says it was enough. I am gonna trust him for now, he delivered few times before

FC just stated in the same self mining announcement that sales aren't so great. AM sold some chips but at a very low profit so they can get mining revenues from the franchise operations. Also don't forget that AM needs money for gen4 development.

At 0.5$/GH/s that 32PH is equal to 16M$ needed for deployment only. Do you think AM gathered 16M$ from chip sales? Personally I don't think so and considering that they need ~3M$-5M$ for gen4 the money just don't seem enough for all the plans. Feel free to correct me, but with numbers and reasons, not with personal attacks.

No numbers, the point being we dont know squat about how much he really produced, sold, franchised, etc.. FC knows better and just need time to implement it all. Even rockxie said time was THE critical factor in his latest update - and thats also why i think FC just wont come by here more often to cuddle shareholders until the work is done and everything runs smoothly (whilst being too late for competition to see what hit them). Information will become available when it does. Welcome in Bitcoin's business world.

As opposed to most manufacturers, FC's approach has proven to be lean if not agile. He is constantly adjusting to a very fast moving new industry, dodging several setbacks (gen2, gen3 low?! sales..), and has no time to waste on bitcointalk as he used to, although i would surely enjoy some weekly updates..

But he wont answer questions for which he is not 100% sure. And thats fine for me. Other manufacturers can keep their false promises.

Thus, if he is aiming 15-20% of global hashrate by the end of 2014, i bet he has done the maths himself before saying anything about it.

(And for a skinny 20 y-o chinese genius that was the very first mover in fuck*ng Bitcoin ASIC mining industry, I would tend to trust him on that to.. Grin

I mean, the company is litterally named ASICMINER.. Unlike any other greedy manufacturer, FC has done it by the Bitcoin Book so far, IPOed on on a creepy forum under the pseudonymous Friedcat, crowdsourcing its designs.. The guy is one of Bitcoin's freaking gurus (if not Satoshi's very only child Shocked

), i surely just cant believe it's all meant to fade away or that it will somehow fail... If AM fails, so does Bitcoin! Cheesy

)

edit: and remember he is one of the very few that hasnt gone with any preorder scheme/scam. That should also account for a little bit more patience from us lucky shareholders/customers.. After all, we're in bitcoin for the long haul aren't we? Well there ya go..