Bitcoin Forum

Economy => Auctions => Topic started by: Jutarul on May 23, 2013, 01:19:55 AM



Title: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 23, 2013, 01:19:55 AM
Bitfountain has emerged as the most competent player in the bitcoin mining industry.  With the recent appreciation of the ASICMINER equity from undervalued to fair valued, it is time for me to let go of some of the equity. I am currently holding 10000 shares, which can be verified at https://blockchain.info/tx/3c07216fce4bd45d0c7d49eabe21a4c137691e481527d0f936b65e49bc7bb7cf by looking up my address: 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

I am thus offering this FIXED PRICE auction for a total of 2000 shares at a price of 2.5 BTC/share.

I am selling in chunks of 100 shares (thus 20 allocations of 100 shares) and you could decide to buy incrementally. I will post daily summaries. This auction will continue until the shares have sold out. The shares are sold on a first come first serve basis. I accept offers per pm, in case a buyer wants to stay anonymous. I will post the corresponding entry in the thread, so everybody is aware of the activity. The time of the PM counts as the bid time.

I have already performed a successful auction in March (https://bitcointalk.org/index.php?topic=148198.msg1572973#msg1572973) and this is the second one. If you're unsure on how this auction style works, study the previous one. However, please be advised that I am selling only in increments of 100 shares (250 BTC) this time.

Please do your due diligence with respect to the viability of the investment. The shares are direct shares. This means that you have to setup a bitcoin address which you have the private key for, and communicate the BTC address to me to finalize the transition. This bitcoin address will serve as the primary target for dividend payments and authentication.

After bidding, please sent the corresponding amount of BTC (shares*2.5) within 48 hours to the address I have registered with ASICMINER: 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2
Please make sure to have cryptographic proof of sending the payment, e.g. buy owning the private key of the originating bitcoin address. Alternatively ask me for an individual payment address.

If the BTC are not received within 48 hours, the bid becomes invalid and the shares are available again.

I plan to do the clearing twice a week (sunday/wednesday). If dividends overlap with the reporting/bidding, the date of the bid decides on the final recipient of the dividend, i.e. they will be forwarded correspondingly.

Happy bidding


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dhenson on May 23, 2013, 03:17:42 AM
I'm wanting to purchase 25 shares.  Anyone else interested in a group buy using Escrow?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 23, 2013, 03:40:30 AM
I'm wanting to purchase 25 shares.  Anyone else interested in a group buy using Escrow?
Please don't try to circumvent the 100 shares rule by creating group buys. If you're interested in sub-100 purchases, a pass-thru is the better choice. People created them for exactly that purpose.

The reason for the minimum requirement is to avoid fragmentation and reduce the management overhead of direct shares.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on May 23, 2013, 03:45:33 AM
I'm wanting to purchase 25 shares.  Anyone else interested in a group buy using Escrow?
Please don't try to circumvent the 100 shares rule by creating group buys. If you're interested in sub-100 purchases, a pass-thru is the better choice. People created them for exactly that purpose.

The reason for the minimum requirement is to avoid fragmentation and reduce the management overhead of direct shares.

It may have been smarter for you to have posted smaller batch auctions. This offer, along with DeadTerra selling off a few thousand this week, is chilling prices, and will result in both of you making less money for it.

I think the market can take it as long as sentiment holds up for a week or two, but I doubt you'll sell your 2000 at 2.5 now...


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: vesper39 on May 23, 2013, 04:03:10 AM
Yup. This is essentially a huge buy wall that is even harder to take down since individuals won't be able to chip away at it in small purchases. I think with the current market and the recently high prices, someone would only buy large purchases now if the price is lower than the current market rate of btct. That way the people that do buy, know they are buying into a slight immediate profit for taking the risk of such a large purchase.

Best of luck to you anyhow.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 23, 2013, 04:03:53 AM
I'm wanting to purchase 25 shares.  Anyone else interested in a group buy using Escrow?
Please don't try to circumvent the 100 shares rule by creating group buys. If you're interested in sub-100 purchases, a pass-thru is the better choice. People created them for exactly that purpose.

The reason for the minimum requirement is to avoid fragmentation and reduce the management overhead of direct shares.

It may have been smarter for you to have posted smaller batch auctions. This offer, along with DeadTerra selling off a few thousand this week, is chilling prices, and will result in both of you making less money for it.

I think the market can take it as long as sentiment holds up for a week or two, but I doubt you'll sell your 2000 at 2.5 now...
Please correct me if I am wrong. This is a slightly different offer from DeadTerra's. He's offering pass-thru shares and thus they stay under his management. It's merely a liquidation of his own position in order to increase the pass-thru position.

I have no time preference, and if it takes weeks to fill this sale, that's fine with me. With respect to chilling - you're partly correct. The offer will be an anchor point for the upper price as long as it takes to eat through the offer.

And regarding the point with making more money. Yes - there is always a way to make more money. If I'd want to make the most of it, I'd create a pass-thru myself - but I am not in the security business. That seems to be your job.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: freedomno1 on May 23, 2013, 04:06:05 AM
Well the pass-thrus noted that wall and adjusted and that wall is huge


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on May 23, 2013, 04:22:14 AM

Please correct me if I am wrong. This is a slightly different offer from DeadTerra's. He's offering pass-thru shares and thus they stay under his management. It's merely a liquidation of his own position in order to increase the pass-thru position.


DT's PT shares can be converted to normal shares by exporting, he is selling his at 2.4-2.6 (I suspect that wall on BTCTC is his too).

Either way, it'll definitely keep the price under 2.5 for a long while to have your 2000 shares hanging out. Some people will be unhappy about this, but it's a free market after all.

For all we know someone will be happy to have 1 source to buy that many from. I'd be one of those people if the deal had been done in private and left the market loose.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 23, 2013, 04:33:06 AM

Please correct me if I am wrong. This is a slightly different offer from DeadTerra's. He's offering pass-thru shares and thus they stay under his management. It's merely a liquidation of his own position in order to increase the pass-thru position.


DT's PT shares can be converted to normal shares by exporting, he is selling his at 2.4-2.6 (I suspect that wall on BTCTC is his too).
Sure. But that requires a minimum of 250 shares IIRC. It may help individual buyers with making a buying decision of they can slowly accumulate the shares.

Either way, it'll definitely keep the price under 2.5 for a long while to have your 2000 shares hanging out. Some people will be unhappy about this, but it's a free market after all.

For all we know someone will be happy to have 1 source to buy that many from. I'd be one of those people if the deal had been done in private and left the market loose.
I am sorry if my offering interfered with your business. A cool-down of the market is usually not a bad thing. It prevents horrible corrections, like we've seen with bitcoin recently.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on May 23, 2013, 04:43:59 AM

Please correct me if I am wrong. This is a slightly different offer from DeadTerra's. He's offering pass-thru shares and thus they stay under his management. It's merely a liquidation of his own position in order to increase the pass-thru position.


DT's PT shares can be converted to normal shares by exporting, he is selling his at 2.4-2.6 (I suspect that wall on BTCTC is his too).
Sure. But that requires a minimum of 250 shares IIRC. It may help individual buyers with making a buying decision of they can slowly accumulate the shares.

Either way, it'll definitely keep the price under 2.5 for a long while to have your 2000 shares hanging out. Some people will be unhappy about this, but it's a free market after all.

For all we know someone will be happy to have 1 source to buy that many from. I'd be one of those people if the deal had been done in private and left the market loose.
I am sorry if my offering interfered with your business. A cool-down of the market is usually not a bad thing. It prevents horrible corrections, like we've seen with bitcoin recently.

Oh, it's okay with me, I am only pointing out that we both probably could have benefited from a different approach. It's quite possible I'm wrong though.

It's also possible that chilling the market right now is a good thing.

However, the buyers you're targeting (100+ shares) will probably be looking for best price, and these walls make the best price elsewhere, for now at least.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: freedomno1 on May 23, 2013, 04:51:41 AM
Just proves that the markets do read this thread XD


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dmcdad on May 23, 2013, 04:59:02 AM
I might be wrong, but it wouldn't surprise me for these 2000 shares to be eaten up pretty quickly. Just 20 folks looking to get in at 100 shares. I don't think the wall will last long. My 2 satoshis.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dhenson on May 23, 2013, 06:43:17 AM
Is my understanding correct in that the owning PT shares forces you to trust the 'Owner' of the base share as well as Friedcat?  I have no problem trusting Friedcat to pay dividends/not dilute value by dumping shares etc. but your in effect more than doubling your risk surface by buying a PT share.

Or are there protections in place that I'm not seeing?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 23, 2013, 07:03:06 AM
Is my understanding correct in that the owning PT shares forces you to trust the 'Owner' of the base share as well as Friedcat?  I have no problem trusting Friedcat to pay dividends/not dilute value by dumping shares etc. but your in effect more than doubling your risk surface by buying a PT share.

Or are there protections in place that I'm not seeing?
I am not quite sure why you're bringing this issue up in this thread. There are pros and cons for listing your shares on a pass-thru. Pros are that you have increased liquidity and you can play the trading game. This of course comes with the increased risk factor of listing your equity on an online account... and you have to trust the operator... Good pass-thru operators allow you to move equity into direct shares.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: jmutch on May 23, 2013, 07:04:40 AM
Is my understanding correct in that the owning PT shares forces you to trust the 'Owner' of the base share as well as Friedcat?  I have no problem trusting Friedcat to pay dividends/not dilute value by dumping shares etc. but your in effect more than doubling your risk surface by buying a PT share.

Or are there protections in place that I'm not seeing?
Yeah got to trust both i guess....these btct.co dropouts are making me nevous as hell.

Why not put the 2000 shares on there?  ;D


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dhenson on May 23, 2013, 11:36:55 AM
I am not quite sure why you're bringing this issue up in this thread.

You referred me to purchase PT shares and I was merely clarifying my misunderstanding regarding said shares.

Please don't try to circumvent the 100 shares rule by creating group buys. If you're interested in sub-100 purchases, a pass-thru is the better choice. People created them for exactly that purpose.

The reason for the minimum requirement is to avoid fragmentation and reduce the management overhead of direct shares.



Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: TheJuice on May 23, 2013, 12:10:13 PM
well these are selling like hot cakes. . .


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: josh4580 on May 23, 2013, 12:22:16 PM
Sorry Jutarul,

My minimum purchase is 4000 shares  >:(


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: MikkisJ on May 23, 2013, 02:20:19 PM
Sorry Jutarul,

My minimum purchase is 4000 shares  >:(

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: houseofchill on May 23, 2013, 04:43:32 PM
Sorry Jutarul,

My minimum purchase is 4000 shares  >:(

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

I believe that was sarcasm.  I feel as if a story is unfolding out of the novel "Reminiscenses of a Stock Operator".  The first bitcoin stock "bubble".  A "bubble" within a "bubble".  We're making history.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: MikkisJ on May 23, 2013, 07:37:39 PM
Sorry Jutarul,

My minimum purchase is 4000 shares  >:(

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

I believe that was sarcasm.  I feel as if a story is unfolding out of the novel "Reminiscenses of a Stock Operator".  The first bitcoin stock "bubble".  A "bubble" within a "bubble".  We're making history.

The OP is selling 2000, there is another 1000 here (https://bitcointalk.org/index.php?topic=210933.20), there was more when I wrote the message. There were another 400 on BF when I wrote the message.

So, at the time I wrote the message one could get around 3500 with three deals. Not so much far off 4000.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: houseofchill on May 23, 2013, 07:46:32 PM
I meant josh4580 was being sarcastic.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: josh4580 on May 24, 2013, 02:24:54 AM
Yes,

First I have to find the $1.25 million laying around somewhere. 


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 24, 2013, 07:16:03 AM
Daily Update

1700 shares available.
220 shares in reservation.
80 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: houseofchill on May 24, 2013, 02:06:05 PM
Would you be willing to open this up to smaller minimum size bids?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 24, 2013, 06:59:57 PM
Would you be willing to open this up to smaller minimum size bids?
Yes. Initially I didn't want to compete with the small size auctions. But I think a minimum of 40 shares (100BTC) has a similar effect and keeps the number of buyers low (max. of 50).

I am thus extending this offer to include minimum purchases of 40 shares. I drop the "increment" rule, i.e. the requirement for multiples of the minimum purchase, since I am accepting down payments (minimum 100 BTC) and not following up on the down payment would be a way to "circumvent" that rule anyway.

Since I was asked this: Unfortunately I won't negotiate the price. This is a take-it-or-leave-it offer.

Also, to handle the payment I will prepare a signed message which contains the trade details and the payment address.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 26, 2013, 09:52:15 AM
Daily Update

1700 shares available.
140 shares in reservation.
160 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Transisto on May 26, 2013, 07:26:40 PM
Sorry, but how is this an auction ?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: KarmaShark on May 26, 2013, 08:40:20 PM
Sorry, but how is this an auction ?

It is a fixed price auction, as stated in the title. The fixed price is 2.5 BTC/share. These type of auctions are generally for sellers that know what they want and would like to get deals moving (and wrapped up).


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 05:15:42 AM
Just out of curiosity what is the "return" per "share" currently?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 05:25:53 AM
Just out of curiosity what is the "return" per "share" currently?

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Pierre on May 27, 2013, 05:40:37 AM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 06:00:48 AM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 06:01:47 AM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Pierre on May 27, 2013, 06:44:27 AM
I don't know how you do it but renovating a house is WORK!


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: CMMPro on May 27, 2013, 10:40:58 AM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market.  ::)

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 27, 2013, 12:20:28 PM
Daily Update

1700 shares available.
100 shares in reservation.
200 shares paid.

On ROI:
In stock terms it's expressed as a P/E ratio. Before you go ahead and criticize the ROI, have a look around and try to find another opportunity like that. Also, these are shares which are promised to not get diluted (https://bitcointalk.org/index.php?topic=99497.msg1692732#msg1692732).


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Eric Muyser on May 27, 2013, 05:26:53 PM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

1) That's not the world of Bitcoin, that's the world of fiat and the crashed US housing market.
2) Renovating is a more work than buying ASICMINER.
3) Renovating is a lot more work than buying ASICMINER.
4) That's not the world of Bitcoin.
5) No.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Eric Muyser on May 27, 2013, 05:27:34 PM

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)


TRUTH.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 06:40:03 PM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market.  ::)

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 

First of all you can go fuck yourself for referring to me as a slum lord. I take pride and care into what I do and take a house that has been destroyed by previous owners who defaulted on their loans for whatever reason. I do not judge them nor do I pass judgement on anyone I don't know personally.

As for it being a lot of work it is a great deal of work but it is also something I enjoy and take pride in. It's a great feeling taking a home that most people are afraid to step foot in and renovating it into something beautiful and desirable again.

The 40% ROI is great in many different aspects of investing but in Bitcoin it holds a serious risk. Their are so many factors in Bitcoin such as the economy of Bitcoin, government interference, general adoption etc. that for me 2 1/2 years is to long to "wait and see". If I am going to invest in a BTC opportunity I would like to see a 6-8 month turn around. This limits the risk substantially and any investor will tell you risking an investment in something as volatile as Bitcoin get your money in and out as quickly as possible and use our profits to go long.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 27, 2013, 06:41:53 PM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

1) That's not the world of Bitcoin, that's the world of fiat and the crashed US housing market.
2) Renovating is a more work than buying ASICMINER.
3) Renovating is a lot more work than buying ASICMINER.
4) That's not the world of Bitcoin.
5) No.

Says the guy with 27 posts. Welcome to Bitcoin please tell me more about what you know with all of your experience.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on May 27, 2013, 06:43:22 PM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market.  ::)

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 

First of all you can go fuck yourself for referring to me as a slum lord. I take pride and care into what I do and take a house that has been destroyed by previous owners who defaulted on their loans for whatever reason. I do not judge them nor do I pass judgement on anyone I don't know personally.

As for it being a lot of work it is a great deal of work but it is also something I enjoy and take pride in. It's a great feeling taking a home that most people are afraid to step foot in and renovating it into something beautiful and desirable again.

The 40% ROI is great in many different aspects of investing but in Bitcoin it holds a serious risk. Their are so many factors in Bitcoin such as the economy of Bitcoin, government interference, general adoption etc. that for me 2 1/2 years is to long to "wait and see". If I am going to invest in a BTC opportunity I would like to see a 6-8 month turn around. This limits the risk substantially and any investor will tell you risking an investment in something as volatile as Bitcoin get your money in and out as quickly as possible and use our profits to go long.

Two questions then...

1. What assets have a better ROI than AM, or meet your criteria
2. If AM is not good enough, and probably nothing else is, why are you here?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: CMMPro on May 27, 2013, 11:48:31 PM
I apologize to Nightowlace...in all sincerity.

If you are truly proud of what you do there is nothing more satisfying than building something with your own two hands that others truly appreciate.

I know this satisfaction too, I realize I was was just being a prick...sometimes that happens.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 28, 2013, 12:13:52 AM
I apologize to Nightowlace...in all sincerity.

If you are truly proud of what you do there is nothing more satisfying than building something with your own two hands that others truly appreciate.

I know this satisfaction too, I realize I was was just being a prick...sometimes that happens.

Thank you, it happens to the best of us.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Nightowlace on May 28, 2013, 12:19:02 AM
Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.
40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market.  ::)

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week. 

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)




 

First of all you can go fuck yourself for referring to me as a slum lord. I take pride and care into what I do and take a house that has been destroyed by previous owners who defaulted on their loans for whatever reason. I do not judge them nor do I pass judgement on anyone I don't know personally.

As for it being a lot of work it is a great deal of work but it is also something I enjoy and take pride in. It's a great feeling taking a home that most people are afraid to step foot in and renovating it into something beautiful and desirable again.

The 40% ROI is great in many different aspects of investing but in Bitcoin it holds a serious risk. Their are so many factors in Bitcoin such as the economy of Bitcoin, government interference, general adoption etc. that for me 2 1/2 years is to long to "wait and see". If I am going to invest in a BTC opportunity I would like to see a 6-8 month turn around. This limits the risk substantially and any investor will tell you risking an investment in something as volatile as Bitcoin get your money in and out as quickly as possible and use our profits to go long.

Two questions then...

1. What assets have a better ROI than AM, or meet your criteria
2. If AM is not good enough, and probably nothing else is, why are you here?

I agree if you are going long then AM shares are 100% worth it. I just can't see a position with that length of time for that much risk with the volatility of Bitcoin.
I love Bitcoin, I am a huge supporter. I am big into Casascius Coins, it is a brilliant idea. I am all for growing the economy of Bitcoin. I try to buy and spend my bitcoin not just hoard them. I also have many casascius coin's that I am holding onto for a long position. All I am saying here is 250BTC ($32,500) with a 2 1/2 year turn around on recouping your original investment seems a bit too much and too long for me.

This is my personal opinion. Opinions are like assholes. Everyone has one and they all stink. Like I said if it was a 6-8 month turn around I would be all for it. 


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 28, 2013, 01:27:27 AM
All I am saying here is 250BTC ($32,500) with a 2 1/2 year turn around on recouping your original investment seems a bit too much and too long for me.

This is my personal opinion. Opinions are like assholes. Everyone has one and they all stink. Like I said if it was a 6-8 month turn around I would be all for it. 
You're free to liquidate your equity anytime before that "turn around time". Then the profit is (shares*valuation)+dividends. If you're bullish on bitfountain (i.e. if you expect the valuation to be fair or undervalued) then it makes sense to move BTC into that investment. However, only move as much as you can sacrifice in liquidity, because valuation variance may trap you into a long position.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Franktank on May 29, 2013, 01:01:38 AM
Just PM'ed you and John K.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 29, 2013, 03:54:25 AM
Daily Update

1600 shares available.
160 shares in reservation.
240 shares paid.

Reminder
If you want the dividend for tomorrow get payed, place your bid before the dividend payment is executed.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Kinetic915 on May 29, 2013, 08:00:18 PM
what is the share/ profit ratio here?  never bought into a asicminer share


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: qukkM on May 29, 2013, 09:56:10 PM
i thought shares were being sold in blocks of 100, is the split in paid/unpaid over 1 buyer 160/240


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 29, 2013, 10:01:22 PM
i thought shares were being sold in blocks of 100, is the split in paid/unpaid over 1 buyer 160/240
yes. And I also dropped the requirement to a minimum of 40 shares.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on May 30, 2013, 05:10:42 PM
Daily Update

1550 shares available.
50 shares in reservation/escrow.
400 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: jborkl on May 31, 2013, 03:22:28 PM
176 shares =440 btc

I will be sending payment tonight

pm me for any info needed


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 03, 2013, 07:18:43 AM
Daily Update

1374 shares available.
50 shares in reservation/escrow.
576 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: MikkisJ on June 07, 2013, 12:23:08 AM
Daily updates are not that daily. How many left?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 07, 2013, 05:29:09 AM
Subweekly Update

1250 shares available.
130 shares in reservation/escrow.
620 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ning on June 09, 2013, 05:56:59 AM
Thank you, Jutarul. You've handled the transfer professionally. And I've already been receiving dividends directly from friedcat.



Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 10, 2013, 05:47:02 AM
Subweekly Update

1210 shares available.
120 shares in reservation/escrow.
670 shares paid.

Thank you, Jutarul. You've handled the transfer professionally. And I've already been receiving dividends directly from friedcat.
Glad to hear things are to your satisfaction! :)


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 11, 2013, 11:01:12 PM
Subweekly Update

1210 shares available.
80 shares in reservation/escrow.
710 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dhenson on June 11, 2013, 11:12:26 PM
I would still be interested in 25 shares if you decide to lower the minimum purchase.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: dhenson on June 11, 2013, 11:53:26 PM
I would still be interested in 25 shares if you decide to lower the minimum purchase.
Scratch that, I found a lower minimum auction.  Thanks


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: pierrejo on June 12, 2013, 02:38:01 AM
I'll get 100 - pm me private addr please.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: JordanL on June 12, 2013, 03:48:06 AM
Thank you, Jutarul. You've handled the transfer professionally. And I've already been receiving dividends directly from friedcat.



Seconded, he's a pro and great to deal with.

No need for escrow because I trust him as much as anyone.

Thanks Jutarul.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on June 12, 2013, 07:23:43 AM
55 @ 2.5, will send signed payment very soon.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: ThickAsThieves on June 12, 2013, 07:35:16 AM
55 @ 2.5, will send signed payment very soon.

Payment sent!


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 12, 2013, 10:05:01 AM
Subweekly Update

755 shares available.
480 shares in reservation/escrow.
765 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: houseofchill on June 12, 2013, 01:04:40 PM
41 @ 2.50

Payment sent.  Will PM signature.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Franktank on June 12, 2013, 01:14:28 PM
Thank you, Jutarul. You've handled the transfer professionally. And I've already been receiving dividends directly from friedcat.



Seconded, he's a pro and great to deal with.

No need for escrow because I trust him as much as anyone.

Thanks Jutarul.

Agreed, I've worked with him w/o escrow just fine. He sold me my first ASICMiner shares, back when they were still 0.5/share  ;D


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: supert on June 12, 2013, 02:45:05 PM
Interested in this auction, but what are the mechanics exactly of the share transfer?


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: supert on June 12, 2013, 03:15:04 PM
never mind, saw the prev auction thread.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: canth on June 12, 2013, 07:36:10 PM
I'll take 40 shares. PM sent.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: rb1205 on June 12, 2013, 07:59:37 PM
Bidding 40@2.50. I will pay in 12 hours.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 13, 2013, 01:47:31 AM
Bidding 40@2.50. I will pay in 12 hours.
PM sent.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: empoweoqwj on June 13, 2013, 01:51:42 AM
I'll take 40 @ 2.5

Please PM details. Can pay today

tia


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Pierre on June 13, 2013, 01:52:22 AM
These shares are flying off the shelf today!  :)


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 13, 2013, 01:52:34 AM
Quick Update

0 shares available.
1094 shares in reservation/escrow.
906 shares paid.

As of now the shares have sold out. However, 1094 shares are still unpaid, which means that some may become available again. If you'd want to reserve a spot please let me know the amount of shares you want to commit to and I'll notify you IF they become available. Observe this thread for updates.

Thanks.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: americandesi on June 13, 2013, 03:02:13 AM
Quick Update

0 shares available.
1094 shares in reservation/escrow.
906 shares paid.

As of now the shares have sold out. However, 1094 shares are still unpaid, which means that some may become available again. If you'd want to reserve a spot please let me know the amount of shares you want to commit to and I'll notify you IF they become available. Observe this thread for updates.

Thanks.

I know that there is a min limit.
However, am looking for about 5 - 10 shares. If you are willing to sell. Then let me know.
Thanks


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: 101111 on June 13, 2013, 03:04:07 AM
Please reserve 100 for me.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: canth on June 13, 2013, 03:05:47 AM
Quick Update

0 shares available.
1094 shares in reservation/escrow.
906 shares paid.

As of now the shares have sold out. However, 1094 shares are still unpaid, which means that some may become available again. If you'd want to reserve a spot please let me know the amount of shares you want to commit to and I'll notify you IF they become available. Observe this thread for updates.

Thanks.

I know that there is a min limit.
However, am looking for about 5 - 10 shares. If you are willing to sell. Then let me know.
Thanks

I'd highly suggest using passthru shares - it's easier on your part, less for AM to manage and the pool operators are pretty reliable. I have direct shares, but I also buy shares on btct.co and I have no qualms with dealing with Burnside (guy that runs it).


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: freedomno1 on June 13, 2013, 03:59:45 AM
Quick Update

0 shares available.
1094 shares in reservation/escrow.
906 shares paid.

As of now the shares have sold out. However, 1094 shares are still unpaid, which means that some may become available again. If you'd want to reserve a spot please let me know the amount of shares you want to commit to and I'll notify you IF they become available. Observe this thread for updates.

Thanks.

Congrats on completing your position sale created a stable point for ASICminer :)
If you ever have some wild party


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: huhai0978 on June 13, 2013, 08:04:39 AM
40@2.5 if any shares available later.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: qukkM on June 13, 2013, 08:43:08 AM
40@2.5 if they become available


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: lophie on June 13, 2013, 11:43:42 AM
40@2.5 if they become available

4@2.5 if available


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Draino on June 13, 2013, 11:53:13 AM
40@2.5 reserve list


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: innovation on June 13, 2013, 01:34:55 PM
4@2.5 if available


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Ozymandias on June 13, 2013, 01:35:36 PM
50@2.5 if there will be any shares left over


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: conanmi on June 13, 2013, 03:23:20 PM
1@2.5 if available


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: tolan77 on June 13, 2013, 03:41:39 PM
5@2.5 if available.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: data on June 13, 2013, 04:43:25 PM
40@2.5, as soon as available.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: freedomno1 on June 13, 2013, 08:28:51 PM
Lol Minimum is 40 lol


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: zoro on June 13, 2013, 08:29:14 PM
100@2.5   :)


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Ac3Upz on June 14, 2013, 06:10:02 AM
40@2.5 if any more shares available.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 14, 2013, 07:12:27 AM
Quick Update

0 shares available.
280 shares in reservation/escrow.
1720 shares paid.

Please stop placing reservations as of now. The remaining 280 shares are likely to be paid in time and there is enough interest to fill them in case one of the current buyer defaults.

I am currently working on creating a share transfer request for all the paid bids and will send the request to friedcat within the next 2 hours. I'll also send a notification to each buyer and ask them to which address they want this weeks dividend to be paid to.

Thanks.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Charles999 on June 15, 2013, 07:19:25 PM
is this going to be open still nextw eek??


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 16, 2013, 06:23:46 AM
Quick Update

0 shares available.
20 shares in reservation/escrow.
1980 shares paid.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: innovation on June 16, 2013, 10:22:16 PM
Quick Update

0 shares available.
20 shares in reservation/escrow.
1980 shares paid.

I reserve 4 shares @2.5 bitcoins without escrow. Which address I will pay.
Because I am a newbie, so there is some trouble in payment.
Thanks.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: houseofchill on June 17, 2013, 12:13:35 AM
Dividend received from this week.  It was an unexpected bonus.  Thank you again, Jutarul.


Title: Re: ASICMINER fixed price auction 2.5BTC/share, 2000 shares
Post by: Jutarul on June 19, 2013, 07:05:08 AM
Final Update

0 shares available.
2000 shares paid.

Thank you all for participating in this successful transfer of equity. I hope that AM shares will be a good match for your portfolio.