Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
lucasjkr
on 26/11/2014, 19:09:55 UTC
\
The only thing remotely true about your post is the fact that AM is completely lacking communication. (which I agree is unacceptable but it doesn't make them scammers )

There's nobody here who would defend FC/AM if they decided to start scamming.

They have a very competitive chip (possibly the best) and 60PH completely paid for. That's at least ~$10m in assets.

Overall I'd rate the FUD 4/10.

So they retained 60PH of hardware rather than resell it? Why in the world for? Whenever they have a product for sale, buyers line up to pay them more in BTC than than the hardware would ever hope to generate. Sure, it feels good to AM shareholders who can say "our hash rate is X and we'll earn Y BTC over the next 9 moths", which is nice, but had FC put those units up for sale, he could have earned Y * 1.1 BTC for his shareholders as soon as the hardware was sold out, rather than by the time it reaches the end of its useful life.

i should probably shut up... I haven't owned AM shares since BTCT.co shutdown...