Bitcoin Forum

Local => India => Topic started by: drdanishkhan on May 10, 2013, 05:58:31 PM



Title: ASICMINER shares..
Post by: drdanishkhan on May 10, 2013, 05:58:31 PM
i recently came to knoow about these shares.. I knew ASICminers were building Block eruptor blades and are currently developing USB miners but didnt know about the shares and stuff.. so o wise members please enlighten us with the possibilities of acquiring and trading shares..


Title: Re: ASICMINER shares..
Post by: drdanishkhan on May 10, 2013, 06:02:52 PM
Here are some links (thank you pinwheel)

https://bitcointalk.org/index.php?topic=99497.0

https://bitcointalk.org/index.php?board=73.0

https://bitcointalk.org/index.php?board=78.0

https://bitcointalk.org/index.php?topic=197545.0


Title: Re: ASICMINER shares..
Post by: legendster on May 10, 2013, 08:37:42 PM
i recently came to knoow about these shares.. I knew ASICminers were building Block eruptor blades and are currently developing USB miners but didnt know about the shares and stuff.. so o wise members please enlighten us with the possibilities of acquiring and trading shares..

https://bitcointalk.org/index.php?topic=184911.0


Title: Re: ASICMINER shares..
Post by: Benson Samuel on May 11, 2013, 02:11:27 AM
i recently came to knoow about these shares.. I knew ASICminers were building Block eruptor blades and are currently developing USB miners but didnt know about the shares and stuff.. so o wise members please enlighten us with the possibilities of acquiring and trading shares..

https://btct.co/ is where the registration needs to take place.
Once registered go to the Market and check out the prices for ASICMINER-PT or TAT.ASIMINER(1/100 of a share).
After deciding on a deposit, go to the Wallet section and deposit BTC.

Once confirmed, go to the market and buy shares. That is it.

Returns:
As of now, they will pay 0.006 every week as a dividend on the share.
The share price will also increase as long as ASICMINER is hashing at a rate which is faster than the pace of the network.

legendster, buysellbitco.in and rezurect are extremely knowledgeable about this.


Title: Re: ASICMINER shares..
Post by: drdanishkhan on May 11, 2013, 07:06:07 AM
i am more interested in getting the direct share of ASIC miner not the PT version.. Anyone willing to sell me one..


Title: Re: ASICMINER shares..
Post by: drdanishkhan on May 11, 2013, 07:47:42 AM
0.006??? on the charts its 0.01 BTC per week..


Title: Re: ASICMINER shares..
Post by: Benson Samuel on May 11, 2013, 08:28:13 AM
0.006??? on the charts its 0.01 BTC per week..

Not sure. That is the number that I saw when learning up about it.

I have just bought shares. Not yet received any dividends.


Title: Re: ASICMINER shares..
Post by: buysellbitcoin on May 11, 2013, 09:02:27 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers


Title: Re: ASICMINER shares..
Post by: Benson Samuel on May 11, 2013, 09:04:54 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)


Title: Re: ASICMINER shares..
Post by: buysellbitcoin on May 11, 2013, 09:20:09 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers


Title: Re: ASICMINER shares..
Post by: apurvslam on May 11, 2013, 09:26:34 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers

thanks...nicely explained ....

To get a an idea about dividend projections for next week ..check
https://bitcointalk.org/index.php?topic=197545.msg2074784#msg2074784


Title: Re: ASICMINER shares..
Post by: Benson Samuel on May 11, 2013, 09:30:13 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers

thanks...nicely explained ....

To get a an idea about dividend projections for next week ..check
https://bitcointalk.org/index.php?topic=197545.msg2074784#msg2074784

Is there any resource online that gives you the exact TH at that point in time?


Title: Re: ASICMINER shares..
Post by: legendster on May 11, 2013, 09:34:23 AM
i recently came to knoow about these shares.. I knew ASICminers were building Block eruptor blades and are currently developing USB miners but didnt know about the shares and stuff.. so o wise members please enlighten us with the possibilities of acquiring and trading shares..

https://btct.co/ is where the registration needs to take place.
Once registered go to the Market and check out the prices for ASICMINER-PT or TAT.ASIMINER(1/100 of a share).
After deciding on a deposit, go to the Wallet section and deposit BTC.

Once confirmed, go to the market and buy shares. That is it.

Returns:
As of now, they will pay 0.006 every week as a dividend on the share.
The share price will also increase as long as ASICMINER is hashing at a rate which is faster than the pace of the network.

legendster, buysellbitco.in and rezurect are extremely knowledgeable about this.

+1 ;D


Title: Re: ASICMINER shares..
Post by: apurvslam on May 11, 2013, 09:51:26 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers

thanks...nicely explained ....

To get a an idea about dividend projections for next week ..check
https://bitcointalk.org/index.php?topic=197545.msg2074784#msg2074784

Is there any resource online that gives you the exact TH at that point in time?

i would also like to know about the same. For now i keep looking at friedcat's updates..


Title: Re: ASICMINER shares..
Post by: legendster on May 11, 2013, 09:56:28 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers

thanks...nicely explained ....

To get a an idea about dividend projections for next week ..check
https://bitcointalk.org/index.php?topic=197545.msg2074784#msg2074784

Is there any resource online that gives you the exact TH at that point in time?

i would also like to know about the same. For now i keep looking at friedcat's updates..

You already have what most of us didnt knew when the shares were initially sold :)


Title: Re: ASICMINER shares..
Post by: apurvslam on May 11, 2013, 10:08:09 AM
0.006??? on the charts its 0.01 BTC per week..

Dividend depends on how much they have mined. Its not fixed. It will change every week.

Cheers

So, how is it fixed? Is there any way to precalculate?

Sorry for being lazy and not doing my own research :)

Say there are total 100 shares. You own N share. Last week they were able to mine 100 BTC, you will get (( 100 BTC - Operating fees ) /100 ) * N

Now the 100 BTC they mine may change to 90 BTC or 120 BTC per week depending on the hashing power they have that week or simply the amount they can mine.

Also they keep some amount from each share as reserve to upgrade the hashing capabilities.

The shares you have are Passthrough which means you are not dealing with FriedCat directly. You are dealing with some one who has bought Asicminer shares from Friedcat and created security from those shares.

Cheers

thanks...nicely explained ....

To get a an idea about dividend projections for next week ..check
https://bitcointalk.org/index.php?topic=197545.msg2074784#msg2074784

Is there any resource online that gives you the exact TH at that point in time?

i would also like to know about the same. For now i keep looking at friedcat's updates..

You already have what most of us didnt knew when the shares were initially sold :)

i did get in quite early and am happy with the progress.....it has a long way to go considering the recent success and future potential.. :)     


Title: Re: ASICMINER shares..
Post by: Pinwheel on May 11, 2013, 02:20:25 PM
I have 223 shares and  last week  dividends were ฿ 0.01108519 per share. I got ฿ 2.47199737.  week before that it was ฿ 0.00735415 per share.

https://btct.co/security/ASICMINER-PT
see this spike around 18 April, it is me buying shareeees  ;D


Title: Re: ASICMINER shares..
Post by: Benson Samuel on May 11, 2013, 02:30:43 PM
I have 223 shares and  last week  dividends were ฿ 0.01108519 per share. I got ฿ 2.47199737.  week before that it was ฿ 0.00735415 per share.

https://btct.co/security/ASICMINER-PT
see this spike around 18 April, it is me buying shareeees  ;D

Lol, very nice spike :)


Title: Re: ASICMINER shares..
Post by: Pinwheel on May 11, 2013, 04:15:11 PM
ASICminer growing so fast, problem they do not have space to fit into. That is why they started selling blades, to distribute hash rate to people,  so they will still be not near 44% of the whole bitcoin network hash.What are consciouses, lets create some competitors, so we can still appears to be small. Hard to find any such analogue in  world business history


Title: Re: ASICMINER shares..
Post by: drdanishkhan on May 11, 2013, 04:31:10 PM
Pinwheel you own the direct ASIC miner shares or the PT version?


Title: Re: ASICMINER shares..
Post by: rezurect on May 11, 2013, 05:11:08 PM
ASICminer growing so fast, problem they do not have space to fit into. That is why they started selling blades, to distribute hash rate to people,  so they will still be not near 44% of the whole bitcoin network hash.What are consciouses, lets create some competitors, so we can still appears to be small. Hard to find any such analogue in  world business history

Hence ASIC miner can never own greater than 50% network, (Hence Share price could hit a barrier, theoretically ) hell i don't think they'll want to approach 40%. Fearing BTC devaluation.
Look at BTC guild, as pool rate reached 40 % they took measures to prevent further increase,

The 51% Mitigation Plan
Quote
More than 40% of the Network [last 2016 blocks]
PPS fee will be raised from 5% to 7.5% on all new accounts. Old accounts will also be increased (PPS ONLY) to 7.5% after a difficulty change. If the pool eventually drops back under 40% for more than 72 hours, these fees will be turned back down to 5% after the next difficulty change.

More than 45% of the Network [last 2016 blocks]
Getwork based pools will be completely removed within 24 hours. All users on getwork have been warned in the past that it is a unsupported and not advised method of connecting. This should remove ~15% of BTC Guild's hash rate immediately.

More than 40% of the Network again [last 2016 blocks]
PPLNS fee will be raised from 3% to 4% after a 72 hour warning. This fee will be reduced back to 3% once the pool drops back under 40% for more than 72 hours.

The fixed price auction (First come First serve)>> maybe next, they'll donate a few blades to the poor, as broke as shit Indian subforum guy named rezuruct