Bitcoin Forum

besides buying an expensive and very rare mining rig, know that you can join in and buy shares of ASICSMINER at https://btct.co/ for around 1.2BTC currently. IT PAYS DIVIDENDS weekly.

Just if you didn't know - and yes, i'm invested in them and love them, just want to share the word as it's still underground I'd say...

You can also get in a little cheaper with mining co-ops on https://www.litecoinglobal.com/

I've dropped some LTC into a few of the securities there and have been happy with the return.

Any way to get your original deposit out or one time fee for all future dividends?

Good question! I'm pretty new to this game and I just made a small deposit to the pyramining people to see what happens.  I'd love to get an asic but I'm a bit too paranoid seeing that there is only a video of a developer's unit being unwrapped at the moment.  So for now I'm sticking with my gpu's since I can stull play games on the when they become unprofitable to mine with :D

That is an interesting alternative to consider.

I want some of those usbminers they got coming out.

About how much you think they will run?

LTC-Global reserves a 0.1 LTC fee on withdrawl, but it's much like an exchange aside from that--the proceeds of your sales go to your site wallet, and you move them off from there.  There is a 0.2% transaction fee when you buy/sell, although the dividends aren't charged, IIRC.

How much do you get for a 1.2 BTC dividend so far?

The site OP mentioned is for BTC.

I have some LiteCoins lying around. Could you explain this to me? I may be able to join up!

but the value of btc keeps going up, its not neccesarily a good deal

dividends are tiny like .008? a week?

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

It's easy enough.  You create your LTC-Global account, move your LTC into the wallet the site generates, then purchase securities based on how you feel they will preform in the future.  Most pay a dividend--check out the history on each one and see.

To buy at market price, you click the "fill" button under the Sell column of an asset--you can also place a buy "bid" to offer to buy the asset at below market price.  if enough people want to sell, they'll buy your bid and you'll have shares.  Buying at market is more expensive but immediate, waiting for a bid to complete will get your a lower cost, but will take more patients.

Aren't dividends based on profits?

The official ASICMINER thread (https://bitcointalk.org/index.php?topic=99497.3880 (https://bitcointalk.org/index.php?topic=99497.3880)) doesn't seem to have any speculation on that, really. Would love to get my hands on one, but if the recent auction of the large units is any indication (winning bids were BTC76), it's likely not a cost-effective purchase unless you already have a bunch of coins with a low cost-basis.

Don't forget that you can sell the shares to others to get your initial investment back, just like regular old shares. 25%+ a year is awesome for shares though - see the poor divs you get when you buy Apple stock for example.

Yes.  Even in the world of virtual currency, they are based on profits.  Each asset posts a contract that clearly states how divs are paid, and most are pretty transparent about how they do business.  Like any investment, however, there's always risk involved.

Yes. ASICMiner is an mining security, where the divs come from the proceeds of mining and selling hardware. Check https://www.btcguild.com//index.php?page=rankings for their mining hashrate. (hint: they're user 67117  ;) ) It is scheduled to mine at 15TH/s by next week.

That's interesting, I may look into it. However, I find it to be a very risky investment, because the price of bitcoins fluctuates so much. Still, its somethign that I will consider doing.

It is risky...but the hole traide with btc are very risky

I think I may try a bit of everything, maybe a few shares, try and get a small miner, and maybe trade as large price fluctuations. ASICMINER-PT Seems pretty legit

FYI another round of ASICMINER blade auctions is going on, 5x more units than the first auction:

https://bitcointalk.org/index.php?topic=189248.0

I've been on btct before and I've contemplated on buying into ASICMINER. I'd just like to know if folks' experiences as shareholders has been good, and if they see this company as being around long term.

I've owned shares for a couple of weeks, so not a lot of experience. They pay dividends on time. You can see the dividends/share on the "history" tab here: https://btct.co/security/ASICMINER-PT (https://btct.co/security/ASICMINER-PT). The yield isn't bad, and there's indications it's heading up. The company has demonstrated it can actually deploy and ship ASIC-based miners, so that's a huge point in their favor.

I think so many new ASIC miners will be out in the next 6 months that a better investment is to wait and see.

It's always true that you will have more complete information later. You can only get ahead of the other people "waiting to see" by guessing correctly while there's still wide uncertainty.

interesting.. thanks for pointing this out!

Cripes, that'll put a dent in the network!

I find it a safer investment than bitcoin itself:

The Bitcoin fluctuations are irrelevant to them or you: you receive dividends in Btc.
The company has a (recent) positive track record - pays big dividends, profits, is transparent.
Their machines are custom machines of theirs - not some Avalon rigs purchased by a few friends - and they are upgrading as they go to keep up with difficulty.

The one negative is that the  shares are not traded openly (you buy a "pass-through" which is the eq of a share) - you have to go on btc.tc to buy the share. It's still relatively easy to aquire some, but there isn't too much volume: a lot of people buy to get the divs, not to resell.