Bitcoin Forum

TAT.ASICMINER Asset, by ThickAsThieves.Investments


This is asset is being offered for the following purposes:
1. To provide an additional venue for investors to buy or sell ASICMINER shares more easily by splitting the shares.
2. To provide an easy way for ASICMINER shareholders to reinvest their dividends to maximize compounded interest opportunities.
3. To consolidate enough ASICMINER shares so as to reach 5,000 whole shares, thus increasing their inherent value with potential access to ASICMINER’s established and future board member benefits, namely any hardware opportunities ASICMINER provides exclusively to board members.

Shares
Each 1 share of TAT.ASICMINER represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.

Dividends
Each TAT.ASICMINER share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.

Voting Rights
Any public votes presented by ASICMINER will be decided by the issuer for all asset shares at his own discretion.

Quantity and Source of Shares
Shares cannot be imported or exported by shareholders, but can be freely bought and sold. Shares may be imported at will by the issuer alone.

Additional Dividends or Benefits from Board Member Status
Once the passthrough reaches 5,000 whole ASICMINER shares (500,000 split shares) it may receive a board member seat. If board member status is confirmed, and Friedcat follows through with the plan to give each board member a trial ASICMINER mining board, any income generated will be shares as follows:

85% of the mining income will be paid out to the shareholders of TAT.ASICMINER on the same weekly dividend schedule ASICMINER currently uses. At the discretion of the TAT.ASICMINER issuer, these extra dividends may be distributed sooner.

NOTE: This passthrough exists on both Bitfunder.com and BTCT.co, but acts as only ONE asset, and is thus only eligible to share any board member benefits as ONE seat, among ALL TAT.ASICMINER shareholders.

Reserved Rights
Issuer reserves the following rights.
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To change the % of board mining profits withheld if expenses, like electricity, are not covered by the 15% portion being withheld.
3. To make changes to this contract that represent the best interests of its shareholders
4. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
5. To limit the total amount of shares allowed within the asset once it has reached 5000 whole shares (500,000 split shares).

Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by ThickAsThieves to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. Shares may be converted to direct whole shares and redistributed to shareholder e-mail accounts with Friedcat.
4. Shares may be converted into equivalent whole shares on any other existing ASICMINER passthrough or exchange and redistributed to shareholders.

Issuer Info
ThickAsThieves is a Tier 5 BitFunder trader, and has offered identity information privately to BTC-TC as a gesture of good faith, and an avenue for emergency contact.

A “dead man’s switch” will be implemented in order to pass control of this asset to a safe secondary operator in the case of the issuer’s untimely demise or hospitalization.

ThickAsThieves makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of ASICMINER and/or BITFOUNTAIN. This is only a passthrough, and the actions of ASICMINER will drive the definition of this asset in kind.

IRC: on Freenode, ThickAsThieves
E-mail: tat.investments -at- gmail.com

I was not aware of Rodyland's offering until he posted his thread today. Hopefully this doesn't present issues with approval on BTCT, as I did take the time to vet this with Burnside and get his support.

There are distinct differences and advantages in my offering as well, so please read carefully and feel free to ask questions!

One advantage is my asset will be represented on two exchanges, making board seat status more likely to be achieved. My terms are arguably simpler as as well.

I too had been in contact with burnside, discussing my plans.

I wish I had seen your post before I made mine.  I don't see much point in two passthroughs on the same exchange providing the same service, with very little difference.  Although competition is a good thing - maybe I'll list my passthrough on bitfunder too?

If the good people at btc-tc see fit to let both our passthroughs list then the market will get to choose.

BTC-TC Admin's Note:  TAT and I are linked up on linked in.  I have TAT's number and have talked with TAT on the phone.

This is not a promotion of the offering, just stating that TAT was willing to give up his number and undergo a very brief interview.

Cheers.

Guys pay attention to the fact that buying from this fractional PT is actually more profitable than buying whole shares if you considered the trade rates!

Come on TAT add a lockout section I want to withdraw shares  :'( (In the future not now ofc)

https://bitcointalk.org/index.php?topic=99497.msg2076407#msg2076407

I like this idea!

@ThickAsThieves

I wish you good luck and good health!

BUT:
What if you got hit by bus? Is there anyone available to use your account and your private keys?

Where are you from?

Love the PT thanks for making asicminer more accessible! Certainly makes it easier at 1/100 to invest mining proceeds.

Is there an agreement with Burnside to trade up fractions of shares to full PT shares?

Is there an agreement with Burnside to trade up fractions of shares to full PT shares?

0.03688841 / 100 = 0.0003688841 * 0.95 = 0.00035044 != 0.00034411

Care to explain?

What makes you decide when to import more shares in?  I am considering buying in, but currently doing so would kind of spike the market.  Would you be willing to have me transfer my shares from burnsides PT directly into yours?

What do you define as "bulk" since currently on BTCTC you only hold 219 shares. 

this fund is actually really useful! allowing me to reinvest dividends if I chose

my fiance and I both now own shares in this and ASICMINER-PT, we bought before the price went past 2 btc :)
Ive explained to her the risks etc and she feels confident enough to take few out of her stockpile and invest/gamble.

Hopefully the start of something great for her and I, now mining via proxy with regular email notified payouts (she will love that).

use this to get a notification of the dividends (works for true shares only as it monitors a Bitcoin address)

http://www.bitcoinmonitor.net/ (http://www.bitcoinmonitor.net/)

@ThickAsThieves

I like the 100th share strategy.

Support your cause.  Purchased 12 shares.

@TAT I'm really enjoying this share. Thanks for running it!

I'm really enjoying people thanking me for doing this, it's really unexpected!

 ;D

So is tat.asicminer on btct.co different than tat.asicminer on bitfunder.com? I just noticed the prices starting to diverge.

I'm really enjoying people thanking me for doing this, it's really unexpected!

 ;D

Grats on the hav fund breaking 1000 :)
104605
And going mad XD
Also nice timing to break the 512s :) lol

Let's break 2000 this week!

I'll jump on the bandwagon too, thanks for the good work TaT!

So is tat.asicminer on btct.co different than tat.asicminer on bitfunder.com? I just noticed the prices starting to diverge.

Is the BTCT.CO and BITFUNDER.COM the same security? Same name but 2 different securities correct?

Is the BTCT.CO and BITFUNDER.COM the same security? Same name but 2 different securities correct?

how much are the dividends now, where i can follow them, when they change?

Here (https://btct.co/security/TAT.ASICMINER), click on "history".

I've recently added dividend payments both to the graph and as a databar here, on my charting site:

http://coinflow.co/chart/TAT.ASICMINER

Dividends scheduled paid at .000198 very shortly!

I think the software needs time to catch up or something.

Pew, pew!

After reading the discussion in the main thread, I have to say:

You do a great work and I am happy with your service!

Tried to sign up today but registration is closed...  Bummer - would love to get in on some of this micro-share action.

I am not really in any rush, so is there a guess/estimate for when/if registration will open again?  I have been poking around other sites including BitFunder but wanted check see if I can wait around for registration to open again.  Appreciate any friendly advice :)

Thanks!

It is my assumption that BTCTC closed registration to try and work on some fixes for the recent lag issues. You would have to ask burnside what the plans are.

Registration is closed?

100 shares with dividends of 0.00019 = 0.019 in that week right?

Yep!

never got my dividends, update? should I talk to btct.co ?

Did you buy shares after divs were already paid?

No.

I've had shares for a few weeks I think


I got one email from BTCT.co about ASICMINER-PT dividend. Got no email about TAT.ASICMINER dividend. let me check my btct.co spreadsheet though


I did buy more TAT shares with my AM-PT dividend though

Check your history in the website, it should show the dividend, the emails are not definitive. Otherwise, contact burnside if you have confirmed that the dividend did not reach you.

sales of shares are immediate? like bitcoin on mtgox? or i should wait that someone accept my offer?
how does it work?

ok got it, i don't remember now but dividend are payed every week? cuz i read somewhere that with tat asicminer they are payed every 48 hours

Can i transfer my shares from BTC TC to Bitfunder??

Exporting, importing, or conversion of shares is not currently available.

Is it up for consideration assuming we have no set timeline ?

Is it up for consideration assuming we have no set timeline ?

always bear in mind you can still sell one PT to buy another one, so having a direct export feature is almost pointless.

Dividend scheduled at 0.00025211 per share!

Payout should initiate in a few minutes.

TAT, I appear to have received my dividend payment twice. Is this a reversible error, and if not how do I get the "extra" payment back to you?

I thought it was just a dup email, but indeed I see 2 dividends for today

The BCTCT system glitched and paid out twice. I don't know if it was reversible, but please do the right thing and hold your coins for now.

The BCTCT system glitched and paid out twice. I don't know if it was reversible, but please do the right thing and hold your coins for now.

The BCTCT system glitched and paid out twice. I don't know if it was reversible, but please do the right thing and hold your coins for now.

Isn't it easier to reduce next payment(s)? Apparently you had enough coins.

Some people have reinvestment programs so I doubt that you can cleanly reverse it even if nobody have withdrawn...

The BCTCT system glitched and paid out twice. I don't know if it was reversible, but please do the right thing and hold your coins for now.

I can't withhold from next payout, I'd have to freeze the entire account for a week to do so. Simply hold the divs for now people, if you are a decent people.

 I received a double-dividend payment as well :|

 How did this happen, and how should we return the extra payment to you ?

 FWIW, I manually reinvest dividends from both ASICMINER-PT and TAT.ASICMINER into TAT.ASICMINER, so, yeah... have this money staring at me needing to be returned, can't reinvest it, and would like to get it back to you.

Would it be acceptable to give people a negative balance if they didn't have enough funds to return?

Burnside should reimburse TAT for the glitch in his system and say it's a gift for using BTCTC 8)

This is the only answer that makes sense.  However, just deducting the amount from peoples accounts also makes sense.

Well, this is awkward. I didn't even realize double dividends were paid out (and already reinvested).

If it turns out the payment has to be covered by TAT, I will refund the amount to help ensure that the PT continues it's operations... this can be done through BTCT's internal transfers (just checking) right?

If it turns out the payment has to be covered by TAT, I will refund the amount to help ensure that the PT continues it's operations... this can be done through BTCT's internal transfers (just checking) right?

Actually, it could well be that none of these two make sense.

- "A glitch" is not precise enough to know whose fault it is. Not necessarily Burnside's. Anyone as experienced and careful as TAT can make mistakes sometimes. By example submitting divs payment, ending up on a blank page and reload the page. Just an example of course, but it could happen to anyone, it's human !
- Deducting the amount makes sense only if btct has been designed and tested to handle negative balances. And believe me, this kind of software, these kind of pieces of code, have to be very thoroughly tested. You cannot just think "well, it works great for $a >= 0, and $a are floats, so -$a is certainly correctly handled. Any rounding error, negative unsafe division, negative unsafe condition... anything could go wrong if it wasn't designed and tested specifically for this use case. And we don't want burnside to lose a lot of btc because of a sneaky bug.

Anyway, I'll follow TAT closely and reimburse my divs happily, he's doing great and I wish him and burnside the best in this issue !

Probably not a good idea to take matters into your own hands even when you are doing nothing but the right thing.  We don't know yet how burnside will want to handle this, so doing nothing, or as much of nothing as possible is the only prudent course.

Actually, it could well be that none of these two make sense.

- "A glitch" is not precise enough to know whose fault it is. Not necessarily Burnside's. Anyone as experienced and careful as TAT can make mistakes sometimes. By example submitting divs payment, ending up on a blank page and reload the page. Just an example of course, but it could happen to anyone, it's human !
- Deducting the amount makes sense only if btct has been designed and tested to handle negative balances. And believe me, this kind of software, these kind of pieces of code, have to be very thoroughly tested. You cannot just think "well, it works great for $a >= 0, and $a are floats, so -$a is certainly correctly handled. Any rounding error, negative unsafe division, negative unsafe condition... anything could go wrong if it wasn't designed and tested specifically for this use case. And we don't want burnside to lose a lot of btc because of a sneaky bug.

Anyway, I'll follow TAT closely and reimburse my divs happily, he's doing great and I wish him and burnside the best in this issue !

Thank you all for offering to help, I just need to wait for Burnside to handle the resolution.

Even if he refreshed the page, which is completely underestimating burnside if you think it would

FWIW I once bought twice the amount by clicking 'buy' button twice. Apparently it DOES NOT detect double form submission.

If you are going to go the route of forcefully removing funds from user's accounts (which I would highly suggest against), make sure it is well published and that there is very transparent listing of what the amount is for each individual (even if its just a private lookup), and that there is plenty of forewarning.

Take the example of NoTroll.in, where the admin decided, due to a software bug, to go around and just remove funds from user's accounts with no warning, then publishing the reasoning afterwards. This led to a very serious backlash against the admin AND his service, and ultimately led to user's abandoning it in droves to the point that it shut down. This is definitely not the kind of thing you want happening to yourself, earning such a major blackspot on your record, by forcefully going around and removing funds.

The proper response is probably a hybrid of options offered here: When the problem is ultimately discovered as to source, whether user error or software error, both sides decide on an option in which TAT.ASICMINER is resolved. One of a couple options will probably present themselves.

Option A: TAT.ASICMINER puts dividends on hold for next week, as was suggested. (And make sure the reasoning for this is well announced ahead of time)
Option B: TAT and Burnside opt to collaborate to refund TAT.ASICMINER the funds (13.84 BTC) that were accidentally disbursed. This is a prime example of why an insurance of some sort needs to exist, to provide for errors such as this. If an insurance does not exist, then probably a withholding of profit or mandatory payment from one or both parties involved, in which each party puts in some money to refund the issue, perhaps even in a scheduled payment plan.
Option C: Combine Option B and also request voluntary payback of dividend. Record payback.

(I personally would suggest an announcement that Option A has been chosen, with the reasoning clearly stated. Another possibility would be, rather than flat out putting the dividend on hold, to pay out at a reduced rate... ie pay at 50 percent normal dividend for 2 weeks, or 75 percent dividend for one month. This is not the most ideal solution, as due to increased shares week over week, holding back 50 percent each of two weeks would probably come out to even more than the original overpayment was... But it is an option.)

Again, I would VERY HIGHLY suggest against a one-sided clawback of funds, as that is not a very good image for publicity.

(I personally would suggest an announcement that Option A has been chosen, with the reasoning clearly stated. Another possibility would be, rather than flat out putting the dividend on hold, to pay out at a reduced rate... ie pay at 50 percent normal dividend for 2 weeks, or 75 percent dividend for one month. This is not the most ideal solution, as due to increased shares week over week, holding back 50 percent each of two weeks would probably come out to even more than the original overpayment was... But it is an option.)

The issue with that is:

1) I have shares now, I sell them all, I get to keep extra dividend.
2) I have no shares now, I buy some, I don't get any dividend next week.

I'd suggest Option C.

The issue with that is:

1) I have shares now, I sell them all, I get to keep extra dividend.
2) I have no shares now, I buy some, I don't get any dividend next week.

I'd suggest Option C.

Oh really? I'll check that sometime. But it *does not submit again on refresh*

I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  :(

Here's what happened:

Div 1: scheduled
Div 1: started processing a minute later
Div 1: cancelled (~10 mins after it started processing)
Div 2: scheduled
Div 1: completed
Div 2: completed

The cancel failed because the div was already being processed.  I have fixed the system so you can now see when a div is in progress and it will not cancel.

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved.

Cheers

I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  :(

Here's what happened:

Div 1: scheduled
Div 1: started processing a minute later
Div 1: cancelled (~10 mins after it started processing)
Div 2: scheduled
Div 1: completed
Div 2: completed

The cancel failed because the div was already being processed.  I have fixed the system so you can now see when a div is in progress and it will not cancel.

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved.

Cheers

I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  :(

Here's what happened:

Div 1: scheduled
Div 1: started processing a minute later
Div 1: cancelled (~10 mins after it started processing)
Div 2: scheduled
Div 1: completed
Div 2: completed

The cancel failed because the div was already being processed.  I have fixed the system so you can now see when a div is in progress and it will not cancel.

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved.

Cheers

[...] I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  [...]

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  :(

Here's what happened:

Div 1: scheduled
Div 1: started processing a minute later
Div 1: cancelled (~10 mins after it started processing)
Div 2: scheduled
Div 1: completed
Div 2: completed

The cancel failed because the div was already being processed.  I have fixed the system so you can now see when a div is in progress and it will not cancel.

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved.

Cheers

I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  :(

Here's what happened:

Div 1: scheduled
Div 1: started processing a minute later
Div 1: cancelled (~10 mins after it started processing)
Div 2: scheduled
Div 1: completed
Div 2: completed

The cancel failed because the div was already being processed.  I have fixed the system so you can now see when a div is in progress and it will not cancel.

I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends.  This way no one gets burned if they traded between when the first div processed and when the second div processed.

The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved.

Cheers

...
I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends. 
...

Furthermore, the duplicate dividend should have to be removed from the history too, otherwise it would screw up the statistics (both the asset statistics and the personal ones).

Great to see that you guys are resolving this professionally and promptly.  This small bump (in the whole scheme of things), isn't any worse than the flash crashes that happen in individual stocks all the time.  (yes, totally different, I am just speaking in terms of severity). 

Hi Burnside,

Quick question if I may on the automatic re-investment option - does that only work for the same stock, or will it re-invest all dividends into what's set up? Eg, will it re-invest dividends from ASICMINER-PT into TAT.ASICMINER?

Thanks

FYI Burnside, my second div payment is still there and is also equal to the first payment in amount.

Now the second dividend pay is gone, but the balance of the wallet still has the bitcoins.

2nd dividend gone in my history, but the balance is correct, the amount in excess had already been taken off our balances by burnside before the correction. So everything is fine on my side. Maybe your balance still has the money because you had reinvested the double dividend, or withdrawn the money before burnside had corrected the problem manually?

Buying some of this (when my wallet finish the update xD)

EDIT: Finally I buy some xD

Just a head's up that today's dividend is larger than I anticipated so I will need to wait for the real divs to clear in order to do payout.

When I do send it, the div will be 0.000362395265 per share!

Just a head's up that today's dividend is larger than I anticipated so I will need to wait for the real divs to clear in order to do payout.

When I do send it, the div will be 0.000362395265 per share!

When I do send it, the div will be 0.000362395265 per share!

When I do send it, the div will be 0.000362395265 per share!

Asic miner shares pay more? Happines all around the forums today.. :P

Seriously, we should rename Wednesday "bitcoin christmas"

Trying to get a crowd-funded friedcat t-shirt off the ground! I'm eager to actually see a campaign fund on this website - its a pretty cool idea.

http://teespring.com/friedcat

What an awesome problem to have.  Somehow, I'll endure the wait  ;>

Seriously, we should rename Wednesday "bitcoin christmas"

And the same as Christmas we have to wait to unwrap the presents under the tree :P

Yes Yes now go to sleep or santa won't appear till even later today :D

haha actually in this time zone it's noon! :P

Everyone stay calm, I was asleep when dividends finally cleared from Friedcat.

I sent the needed funds to BTCTC and will process the payout soon :)

Everyone stay calm, I was asleep when dividends finally cleared from Friedcat.

I sent the needed funds to BTCTC and will process the payout soon :)

Ugh, another issue with dividend payout.

The software has partially failed or something. Not everyone has gotten their dividend, so please be careful to check before you sell, etc.

Ugh, another issue with dividend payout.

The software has partially failed or something. Not everyone has gotten their dividend, so please be careful to check before you sell, etc.

Didn't get mine either... ETA?

It says dividend failed, doesn't that imply that no one got them

edit: I posted on the link, but if it didn't pay out fully does that mean you didn't get the full BTC deducted from your account too TAT?

Everyone stay calm, I was asleep when dividends finally cleared from Friedcat.

I sent the needed funds to BTCTC and will process the payout soon :)

Any thoughts about a record date policy?

growing pains?

Definitely some growing pains.  We're still using bitcoind, so div payouts take forever to iterate through everyone, exposing occasional issues like what happened on TAT.ASICMINER and ASICMINER-PT last night, where it runs into lock waits.

I've done a couple of things this morning to fix it going forward.  (at least until the site is no longer using bitcoind)  I've introduced a new status, "PAUSED" that it will display when it gets a lock wait error.  It will automatically pick up PAUSED dividend processes each iteration of the dividend processing, so in the future it will essentially retry over again.

There are probably some of you out there that are wondering "If it takes so long, what happens if I trade between when it starts processing and when it finishes".  The system takes a snapshot of the shareholder list when it first starts to process the dividend, then it uses that snapshot for payouts.  So for example, with this issue, it is using the shareholder list from when the dividend first started processing some time ago.

It's running on TAT.ASICMINER right now, so users should see the missing divs shortly.

Cheers.

Thank you for the update. For those buying shares, will there be a way to tell that it has been "paused" for payout? IE: When placing an order to buy shares, one should be able to know whether or not they will get the dividend or not.

-helixone

You can see the div status in the history tab.  If it shows queued, and you trade, you're likely to get in on the div.  If it shows anything else, the snapshot has already been taken and you're too late.  Note that it also shows the time it is roughly expected to process.  The closer you get to that, the more likely you are to miss it.  (The status displays are cached for a few minutes in some cases.)

Cheers.

Since I paid dividends early on Havelock last week, I will be paying early on BTC-TC this week.

Dividends for TAT.ASICMINER have been scheduled to be paid momentarily at 0.00034469 per share. Thanks!

Looks like the dividend is stalled in the system. I'm not gonna mess with it this time though, I've learned my lesson...

Not stalled for everyone, I received it at 2013-06-12 18:09:10
Haven't reinvested it yet, not touching anything, just in case.

Ditto.

Does the reinvest feature work (I have enabled it and had enough dividends)? I should have been able to reinvest, but it didn't (or maybe it was waiting for the dividend to complete for everyone?).

I assume it works, but I have not used it before :/

It's possible that at the time it triggered, there were no shares cheap enough to fit your settings...

[BTCTC] [TAT.ASICMINER] [PAID] 68,175 @ 0.00017196 (processing)

Any special insight into why it went down so much from last week?

Hi

Can you tell me why when Asicminer paid out a dividend of 0.03628311
we only got 0.00017196 instead of aprox 0.000360 ? half of the expected?

thanks

ASICMINER dividend today was not .03628311, that was last week's.

And I don't see divs in my account.  Did they all process smoothly?  Did you take a snapshot earlier today, and so this is therefore in part my fault?  :)

You'd need to speak with Burnside I think. As far as I know they processed fine. Are you sure you didn't sell your shares while it was "PROCESSING"?

Nah, that's not the problem.  I bought some today, possibly while or shortly before processing. The timing would be close.  It's not a material number, no worries - a delta of 6 or 7 shares.  Just curious if there was an easy answer before I dig in for a harder answer.  Or decide to forego it for 6/7 shares in favor of some gaming time with the husband.  :D

ASICMINER is sold out of their blades. More will be in stock in a couple weeks.

Can anyone point me to a site where I can get good graphs of TAT.ASICMINER movement in btc-tc ??

I want EMA, bands and the such..

Best you can get right now is www.coinflow.co

Yup, it works really slow for me though.

Someone selling hard at 0.0318... :'(

Let it go up up up !

Sorry, it should be a little quicker now.     Soon it'll be split across a few different servers and I'll add some major performance improvements.

Oh cool, hello there ! Will you be adding moving avg's and other stuff soon? ...pleaaase?

Well, the first thing I'm working on for the 2.0 revision is integrating data from the different exchanges and building a live ticker so people can watch all of the trades from every exchange in realtime.  Then I have a request in for a candlestick graph.  I want a better cumulative depth graph as well..  so, there's a lot on the list, let's see which items come first. :D

At the same time I roll some of that out, I am moving the site to a dedicated ESX server with 128gb RAM and two 8-core CPUs.  I'll run it off of clustered VMs served from RAID config to add some protection to the data.   Clustering database, message queue, and application servers, then throwing in some memcached instances should serve to make it highly available and responsive, so long as my data pipe can handle it all (which will hopefully be upgraded soon).

Warning: Avoid thick as thieves! He offers investments like TAT.Virtualmine which makes LOSSES for investors. He profits from his investors.

I am cutting all my ties with this thief. I suggest you do too, before you lose money from his scam.

Pirate = scammer
Nefario = scammer
Thief = HOW CAN YOU THINK HE ISN'T A SCAMMER?

Wake up. Stupid investors.

Don't read it as "TAT", that's like ignoring the pirate part of pirateat40 and only looking at BTCST.

also, are you going to say I am a sock too? lol

...and another ignored user.
This isn't the VIRTUALMINE topic.
You just don't understand how PMBs work. Don't invest in things you do not understand.

▲ 35@0.032001 <- price of TAT.ASICMINER atm . what does the first number before @ stand for ? this number goes up and down and is different on other stocks.
Its probably a very stupid question but Im just very new to all of this.

The volume number doesn't mean that much in those small markets, neither does the last price. If there's a bid for 99 shares @ 3.2 and then the next bid is at 3.1, someone selling 100 shares will cause it to show 1@3.1, while a 98 share sale will cause it to show 98@3.2, the two figures giving very different impressions of the market, despite being nearly the same.

This issuer is making up evidence that some guy has talked to him on iRC for 4 hours. I have never used irc in my life, he is making shit up

Another reason why you don't want to deal with him

We're all sorry you jumped into an asset that seemed too good to be true, but TAT has no control over the prices of his assets.  However, he clearly defined what you'd be getting with the bond, and its your own damn fault that you didn't foresee the risks involved.  In further defense of TAT, he could buy back the bonds now at any time for a relatively large profit, but yet he still continues to pay coupons rather than buying back at 200x coupon.

Shame on you for blaming others for your stupidity.

Dividends queued at 0.00018412 per share!

Got em. That was fast.

That's what she said!

Seems this time you change your mind........You agreed what I told ,buying PMBs equal to suicide yourself.

Bazinga!

As I've stated before, I have a portfolio that's based on long-term gains and cash flows, not some cheap trick amateur equities/securities flipping scheme.  I hold PMB's that I've held onto for a very long time with the purpose of using them to simulate actual mining hardware as a portion of my portfolio.  I also hold stocks in order to diversify my portfolio and meet a risk objective.  You, on the other hard, plow your entire wallet into the first asset that manages to hold your attention for more than a minute and then you cry like a bitch when you take on losses.

But please, do carry on.  I use your posts as one of my primary references to gauge the current crowd mentality, so at least you're helping someone if not yourself.

again ,how many btc you gained so far? If you spend half of you asset on buy PMBs,and other half buying AM. AM increase from 2.4 to 3.4 in last month and currently is the best performance equity, and in the meanwhile all PMBs.. lose about half of its face value. if you are not some unlucky guy bought RTM which lose 75% of its face value in last months.  other stocks ,apart from AMC.(AMC is too strange ,although the price have been 5 times increased ,it mostly because the issuer issuing new equity at this price ,it is not a result of free trade.)


I really hopes that you get your portfolio makes profit for you...or instead in here attacking someone is crowd...

You brave, you losing money ,So why should I care about you ? I am crowd at least I made money on AM.

This is BTC not something else, you really think those risk diversification theory is working in this market??

Everyone in the exchanges ,is just like gamble... there are huge possibility that once you wake up in the morning,the issuer has disappeared.

The risk your hold more diversification the more likely chances you get issuer disappeared...I treat this like online casino...nothing worry ,just for fun...

 

I know, that's why I've never put a single dollar of fiat money into BTC.  And I've made a pretty return to cover the depreciation on my PMB's through investing the dividends into TAT's ASICMINER shares, which I can do on a daily basis with the daily coupons from the PMB's.  In doing this, with the ASICMINER price appreciation in recent weeks, I've already covered the returns necessary to completely write off the PMB's.  Again, my PMB argument was based on liquidity, not returns.  And now I can sell them whenever I want the same way I'd sell used mining hardware...except I don't need to worry about shipping and selling actual hardware.

if you only hold 2-3 BTC ,I believe PMBs can meet what you needs as a liquidity, Apart from DMS mining ,for example PAJKA bond, that daily trading is around couples of BTC, if you invested more than hundred  BTC. Think again ,can you sell those contracts without massive loss??

 In additional: I am happy you admitted you loss value when your write off  your PMBs..Thereby what I suggest isn't wrong ,PMBs isn't something that can get positive return for your money.    :)
I was claim that AM is the only company can invest in one month before, if anyone listen to me , you get 2x your fund by now like what I did.

Dividends are scheduled to fire at the top of the hour.

0.00021822 per share!

always nice to wake up on Thursday and see new coins for reinvestments, fortunately, crowd is behaving really like crowd in old time on real stock exchanges, so it is pretty predictable to react for dips and pullbacks  ;D

Before all the robots  ;)

I've seen plenty of robots already in btct.co.....

I've seen plenty of robots already in btct.co.....

are those smart robots better than smart investors?  :)

are those smart robots better than smart investors?  :)

Are they better than smart investors? No.

Are they more consistent than smart investors? Yes.
Are they better than 95% of the investors out there (not-smart ones)? Yes.
Are they faster than ALL investors? Yes.

Who controls them (the good ones anyway)? The smartest investors...

Still not worried?

Why should anyone be worried?

You are still racing agains a human, after all.
And the weapon he's using isn't a secret, you can use it yourself if you want.

Free market is free market is free market.

Why should anyone be worried?

You are still racing agains a human, after all.
And the weapon he's using isn't a secret, you can use it yourself if you want.

Free market is free market is free market.

Except bot market is not free market, it's whale market.

In case you didn't know, HFT comprises more than 70% of all daily trades in wall street.

The situation is so bad, you currently got whales buying whole buildings next to the exchanges so they can have <1ms lag to inject 10 orders before yours is even up, cutting off your profits on every single trade you make. Then you have your flash crashes...

We are heading exactly in that direction. But sure, don't worry bro.

X/Y problem.

I'm totally agains regulating such a thing.
A bot simply allows a human to perform some action in his stead.
You can't really ban bots even if you wanted to, unless you want to ban all the web access for everyone.

If the problem is that they are too fast, you can just, you know, solve the exact problem you are having, and slow everything down. Instead of, you know, shotgun blasting everything in a frenzy.

I am not against principles of free market, but hft is against nature, so would be then fine to have a markets for humans and then markets for hft, so they can try scalp each other

A bot simply allows a human to perform some action in his stead.

This here is your problem. It's a misconception and flat out wrong.

Bots do not simply allow humans to perform in their stead.

Bots do stuff that humans CAN'T do.

You can buy or sell.
Bots can buy or sell.
You provide the bots with the cash, and with configuration on how to behave.

Everything else is a myth.

Again, you are facing a x/y problem (http://meta.stackoverflow.com/questions/66377/what-is-the-xy-problem).

If you consider speed trading is a problem, then the solution is capping the speed, not nuking anything involved with high speed while it isn't capped.

You can buy or sell.
Bots can buy or sell.
You provide the bots with the cash, and with configuration on how to behave.

Everything else is a myth.

Again, you are facing a x/y problem (http://meta.stackoverflow.com/questions/66377/what-is-the-xy-problem).

If you consider speed trading is a problem, then the solution is capping the speed, not nuking anything involved with high speed while it isn't capped.

Hhmm you must be one of the bankers right??

Anyway.. NO. All your arguments lie.

1. No myth here. You can not do what a bot does. Stop lying about it to defend HFT. You need to sleep, eat, take a shit, etc. You cannot punch buttons fast enough either. You are plain and simply wrong.
2. This is not an x/y problem. HFT and speed trading are one and the same problem to me, and if I were to go meta, i'd say the bottom line is it's all about out of control greed as always.

And who said anything about nuking everything? I happen to agree that speed capping is a good possibility for a solution.

yeah, he has arguments like those bunch of greedy banksters runing lives of those lowborns just to get bonuses... if HFT would rule BTC, we are just in another corrupt system, where greed is the main principle. It is probably too early and it could destroy whole idea

"you are like a greedy banker" is not a rebuttal, it's trolling.

I've explained quite clearly, twice.

Voodah himself despite trolling in the first part of his post, with the last sentence admitted my solution could be good.
You, instead, are just trolling.
So shut the fuck up, asshole.

Greedy and primitive :-) do you think you have any chance on the free market without ripping off other people?

You are still spreading FUD without caring about rebutting my obviously correct arguments.

Your only chance is the ignore list.

-- There was news about a presentation by Rockxie about ASICMINER. Can you confirm this was an official presentation and summarize the news that was shared about upcoming plans for the mining farm and the Mini Blade?
Friedcat: They are true, though some projected dates from our side were more-or-less overly determined in his presentation.

-- When can we expect the first financial report?
Friedcat: We are asking board members if July 23 is acceptable.

-- Could Bitfountain provide an official live hashrate meter from ASICMINER for your mining farm, or could you periodically confirm the current hashrate?
Friedcat: Yes. Our internal management system is towards its completing. Directing the data to a public webpage is easy.

Why has there been such a big disconnect between ASICMINER-PT (now bid 4.327) and TAT.ASICMINER (now bid 0.04198) prices of late?

I'd arbitrage AM-PT -> TAT.AM, but I'm all out of AM-PT!

Update

Financial Status

Mining Income: 102,041.82BTC
Blade Sales Income: 29,594.75BTC
USB Sales Income: 37,524.00BTC
Total: 169,520.57BTC

Device and Infrastructure Expense: 397,800.00$ + 4,909,930.00￥
Electricity Expense: 729,542.05￥
Labor Expense: 327,081.00￥
Logistics Expense: 132,184.90￥
Deposits: 117,506.01￥
Total: 397,800.00$+6,216,243.96￥

Balance Sheet: https://docs.google.com/spreadsheet/ccc?key=0Al1fvFT7Sd5bdEthNEpIWWxpcW90RFBQOFZ6aFlxT0E&usp=sharing

Hardware Franchising

This is a new business model option besides self-mining and hardware sales. We will rent the excessive hashing power to financial and technical capable people, accepting full deposits at the market price, shipping the devices and collecting a certain PPS rate based on the theoretical hashrate. The PPS rate, the dividing of cost coverage, as well as warranty/exit strategy are being discussed in detail and executed as small-scale experiments.

This model is similar to hardware sales in the aspect that we do not have in control on how the users make use of our devices, therefore has more decentralization in spirit. And like with self-mining, it aims at settings in scale, enjoying the reduction of NRE cost and operating cost overall, and reducing potential marketing/advertisement/customer service costs.

Project Timeline

August-September: Deploy/sell all hashpower arriving in July and early August.
September-November: Deploy/sell the hashpower ordered at early July.
November-December: Experimental products of 2nd-gen chips and modular large-scale deployment solutions.

Curiosity question, if you have X shares (where X is a multiple of 100), does this PT offer the possibility to trade them into direct shares?

Please refer to the asset description, this information is covered.

Thank you!

I must be reading over it (since English isn't my native language)

I assume this is the line which covers it? "Quantity and Source of Shares
Shares cannot be imported or exported by shareholders, but can be freely bought and sold. Shares may be imported at will by the issuer alone"

Which would mean "no, you can't convert to direct shares"?

Has AM vanished?
I saw the news of new usb blocks and cheaper blades but is there any other news?
Seems the stock has been on a steady drop the last few weeks.  :(

someone is dumping for some reason

they must know something we don't

hmmmmmm

How to convert 100 [BTC-TC] TAT.ASICMINER shares to [BTC-TC] ASICMINER-PT, just transfer to  tat.investments-at-gmail.com?
Correct me please.

If it correct and it work, how long it will converted?

TAT.ASICMINER shares cannot be converted to whole shares.

Quite a bit of a drop in dividends per share this week.....what's up?  :(

Mining difficulty rose, so profits went down?

profits shouldn't really be impacted when difficulty rises, IF the company is keeping up their hash rate growth with the rest of the community....

are profits not being reinvested in adding mining gear (as advertised)?

If you havent heard it here yet.... BTCT is CLOSING!!!!!

I am sure TAT will allow transfers to AM100. What else would he do?

I am confused. How do I move my TAT stocks from one BTCT to some other site ? Can someone do a step by step instruction ? I mean, how will it know what my username is on the other site and such ?

I am confused. How do I move my TAT stocks from one BTCT to some other site ? Can someone do a step by step instruction ? I mean, how will it know what my username is on the other site and such ?

Using the same e-mail account you have registered on BTCT.co, send an email to tat.investments@gmail.com with the following information enclosed:

My currently registered email at BTCT.co is a disposable forwarding email address provided by 33mail.com.

Should I change the e-mail account that I have registered on BTCT.co to a different email address that I can send emails from directly?

BTCT.co Migration Instructions
-----------------------------------------
Using the same e-mail account you have registered on BTCT.co, send an email to tat.investments@gmail.com with the following information enclosed:

   1) Make the subject of your e-mail "TAT.ASICMINER"

  2) The number of shares you currently hold on BTCT.co

   3) Which exchange you would like to migrate to (HavelockInvestments.com or Bitfunder.com)
      1. If you choose AM100 on Havelock, include the email address of your Havelock account, and ALSO send an email from that account to confirm this request if it does not match your BTCT.co registered email.
      2. If you choose TAT.ASICMINER on Bitfunder.com include your account name

What subject exactly?

TAT.ASICMINER

or

"TAT.ASICMINER"


How? Diferent lines? Same line? Something like this?:

SHARES = 999
EXCHANGE = BITFUNDER
USER = WHATEVER

Sorry if I'm too thick.

I'm pretty sure it's being processed manually, so the minor details won't matter as long as it's easy to read and process by TAT.

Will there be any complications if the email address registered on BTCT is different to the email address that is registered with BitFunder?

just a question, is it possible after this disaster to change 100 TAT.ASICMINER for 1 direct AM share?

BTCT.co Migration Instructions
-----------------------------------------
Using the same e-mail account you have registered on BTCT.co, send an email to tat.investments@gmail.com with the following information enclosed:

   1) Make the subject of your e-mail "TAT.ASICMINER"

   2) The number of shares you currently hold on BTCT.co

   3) Which exchange you would like to migrate to (HavelockInvestments.com or Bitfunder.com)
      1. If you choose AM100 on Havelock, include the email address of your Havelock account, and ALSO send an email from that account to confirm this request if it does not match your BTCT.co registered email.
      2. If you choose TAT.ASICMINER on Bitfunder.com include your account name

FOLLOW THESE INSTRUCTIONS CAREFULLY AND BE ACCURATE. WE WILL NOT TAKE RESPONSIBILITY FOR YOUR TYPOS OR INCORRECT INFORMATION. WE ARE NOT RESPONSIBLE FOR ANY DELAYS IN PROCESSING, NOR POTENTIAL LOSS INCURRED DURING THIS MIGRATION PROCESS. WE APPRECIATE YOUR PATIENCE. WE AIM TO MAKE THIS A SMOOTH & EFFICIENT PROCESS, THANK YOU!

Is there any timeframe planned for then to start transfering to a deadline for sign up?

Well, I suppose there is no other way than to create account at HavelockInvestments.com or Bitfunder.com.

BTCT.co Migration Instructions
-----------------------------------------
Using the same e-mail account you have registered on BTCT.co, send an email to tat.investments@gmail.com with the following information enclosed:

   1) Make the subject of your e-mail "TAT.ASICMINER"

   2) The number of shares you currently hold on BTCT.co

   3) Which exchange you would like to migrate to (HavelockInvestments.com or Bitfunder.com)
      1. If you choose AM100 on Havelock, include the email address of your Havelock account, and ALSO send an email from that account to confirm this request if it does not match your BTCT.co registered email.
      2. If you choose TAT.ASICMINER on Bitfunder.com include your account name

FOLLOW THESE INSTRUCTIONS CAREFULLY AND BE ACCURATE. WE WILL NOT TAKE RESPONSIBILITY FOR YOUR TYPOS OR INCORRECT INFORMATION. WE ARE NOT RESPONSIBLE FOR ANY DELAYS IN PROCESSING, NOR POTENTIAL LOSS INCURRED DURING THIS MIGRATION PROCESS. WE APPRECIATE YOUR PATIENCE. WE AIM TO MAKE THIS A SMOOTH & EFFICIENT PROCESS, THANK YOU!

Maybe I do not understand it correctly, but... Isn't a pre-step required?

0) Push the quantity of shares you would like to import to username TATInvestments

Does this apply to TAT.ASICMINER or it applies only to ASICMINER-PT?
Is this done by "Internal Asset Transfer" on btct.co ?
(In all cases I will wait after 25/9/2013 dividends.)

I just worry about the site weexchange.co,I couldn't open it once.Does anything wrong about me?

I have had the same concerns trying to open Wells Fargo's site quite a few times.  ;D

We've begun parsing the TAT.ASICMINER migrations.

There are more than 1000 holders, so it's taking a fair amount of time just to verify the requests and note the destination info.

Once the data is parsed it will be handed off to Havelock for batch processing.

For the people that chose Bitfunder, I will attempt to get Bitfunder to process the imports as one batch as well, after the data is parsed. However, I do not have confirmation that BF can help automate in this way, so it may take longer.

BTCT.co Migration Instructions
-----------------------------------------
*snip*

Regarding share migrations from BTCT to other exchanges:

1. Do not email your request more than once.

2. Do not include extra questions or comments.

3. Follow the instructions exactly, nothing more.

4. Do not include multiple migration requests in one email.

The better the instructions are followed, the faster this will be. We're getting bogged down by a high % of people not following directions.

Important Notice (October 8th, 2013):

Please be advised that BitFunder is implementing the following rules and procedures:

As of October 8th, 2013, BitFunder will not accept new registrations from any United States persons or entities. All new registrants must supply the information required to obtain "Verified" status on their linked WeExchange account. BitFunder may, in its sole direction, decline to accept any new registrations.

As of October 8th, 2013, all current BitFunder users who are located in the United States or are determined to be United States persons or entities will not be able to enter into any new positions on the Bitfunder website, and, as of November 1, 2013, such users will also not be allowed to sell positions on the BitFunder website.

All current BitFunder users who are not United States persons or entities must supply the information required to obtain "Verified" status on their linked WeExchange account before November 1, 2013. Any such users who fail to provide the necessary information will not be able to enter into or sell positions on the BitFunder website as of November 1, 2013.

Users will be able to withdraw holdings and Bitcoins from their BitFunder accounts before and after November 1, 2013.

All assets and issuers must demonstrate that they meet BitFunder's requirements for the listing of assets, or the assets and issuers will, at BitFunder's sole discretion, be denied access to, or removed from, the site. Issuers will be notified of any additional information needed to demonstrate compliance with BitFunder's requirements.

BitFunder appreciates your understanding in these matters as we move forward.

Sincerely,
BitFunder

If you want to change your migration from BF to Havelock, simply send a new email stating so. We will support this.

btw, I've recently ( almost 24 hours ago ) received AM100 shares on Havelock.

Request for transfer has been sent on 24th of Sep. This will probably give you a clue on where queue processing is.

TAT.ASICMINER BTCT.co UPDATE

Due to technical issues, we unfortunately cannot facilitate migrations of TAT.ASICMINER shares to Bitfunder. BTCT.co shareholders MUST use an account at HavelockInvestments.com

If you haven't already, please RESUBMIT your transfer request and include your HAVELOCK account email address.

We apologize for the inconvenience, but this is due to a technical limitation with Bitfunder's ability to import users. You MUST choose Havelock.

Also, please note that all of these migration issues and exchange changes may cause a delay in the issuance of dividends.

Can I transfer my TAT.ASICMINER shares from BF to Havelock? If so where do I need to send the email and what does it need to include?

At this very moment, no. We are awaiting some other info before deciding how to handle that.

Havelock migration complete......
Verified.
Thank You.

The thing is I am quite late. I was waiting for email from TAT or something that never come. I haven't even created my havelock account. How much money are we talking about (in dollar, or BTC)

Also, how do I check the number of TAT asicminer stock I have. I think i have 60-80 but I can't login to btco.co anymore.