User Shares Price Sum ------------------------------------------------- opinologo 10 1.22 12.20 fhh 20 1.22 24.4 Nathaniel B 50 1.22 61 tempt 10 1.22 12.20 gog1 60 1.22 12.20
Shares unclaimed: 0
--outbid: User Shares Price Sum -------------------------------------------------
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can I buy 24 shares, or does it have to be in multiples of 10?
yes u can! 10 is minimum bid Yes, 10 is the minimum, simply to prevent people from flooding Friedcat with small transfer requests. If it ends up with a situation where someone with a valid bid ends up with < 10, I'll work something fair out or throw in a few extra shares to complete the bid.
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User Shares Price Sum ------------------------------------------------- opinologo 10 1.22 12.20 fhh 20 1.22 24.4
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User Shares Price Sum ------------------------------------------------- opinologo 10 1.22 12.20
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I have a question : What is the process to sell back shares later, if I decide to ? How will i prove to Asicminer to be the owner ?
The shares you own are controlled by Friedcat; he maintains the central and authorative list. They are tied to a bitcoin address that you give him. To transfer them to someone else, you just PM him; If needed, you sign the message with bitcoin-qt and the address you control. That's all there is to it. As far as friedcat is concerned, they are just transfers from one person to another. The escrowing, sales, bidding, and even the markets on the passthrough's are all separate from him and Asicminer.
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From another thread: How much hash rate do 1 share own? I'm not quite clear. Thanks!
Currently: 18 TH/s or 45 MH/s per share. On hand they have a total of 61.4 TH/s, or 153.5 MH/s They have an additional 200TH/s ordered, so 653.5 MH/s. They also have an additional 10,000 USB miners ordered that will be on sale at 2 BTC each. They also have contracts for ordering even more hash power, an unlimited number. They are currently designing more advanced chips as well as doing sales.
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How much hash rate do 1 share own? I'm not quite clear. Thanks!
Currently: 18 TH/s or 45 MH/s per share. On hand they have a total of 61.4 TH/s, or 153.5 MH/s They have an additional 200TH/s ordered, so 653.5 MH/s. They also have an additional 10,000 USB miners ordered that will be on sale at 2 BTC each. They also have contracts for ordering even more hash power, an unlimited number. They are currently designing more advanced chips as well as doing sales.
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With everyone bitching about the price I think I want to add my two cents. The only feasible way the price is going to drop is if no one buys these, for a while. But because we all want these so bad, there are going to be some of us who are going to drop the 2BTC on them. Especially for those of us who bought into BTC when it was cheap. As long as there is demand at the current price, it shouldn't drop too much. The company can simply substitute with more mining... So in the end, the price will probably not be dropping until another company creates a similar one... But until then, I'm just gonna look at these pictures and wish I had a fatter wallet.
Buying like this is like a giant game of chicken. Some people will buy it. They will benefit from earlier hashing power. Those who wait may get a lower price, but at a higher hashrate over less time. Except you're not playing chicken with the guy selling. You're playing with all of the other buyers.
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Bumping this to the top, as one competing auction ended, and another ends soon(~18 hours).
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will the dividents be paid weekly?
Yes, dividends are weekly. Paid on Wednesdays.
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How much is the expected dividend per share per week?
Cheers
Last week it was BTC0.00735416/share We should see a significant jump this week as the total hashrate has about doubled: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7I haven't followed how the further selling of ASICs has developed. Any sales adds nicely to the coins earned from mining ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) My guess would be in the BTC0.01/share region. Hopefully that's a bit conservative too. Anyone else seen a more detailed estimate? That's about right. If we can break 30 TH/s before Avalon B3 ships and before BFL sc singles ship, it will be much higher, potentially in the 0.02 range.
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Please retract my bid. Used my coins elsewhere...
This is the auction subforum. Retracting bids risks being labeled with a scammer tag unless the auctioner ok's it.
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Hmm, so ...
1 share AM-PT costs ~ 1.2 BTC currently and generates 0.007 BTC/week. Since BTC is about $116 USD currently, if you spend $139 USD to buy 1 AM-PT share, you would earn 0.007 BTC/week.
I have a miner consisting of 3x 7970 that generates 1.8 GH/s, which at current difficulty generates 0.09 BTC/day or 0.63 BTC/week. This rig cost me about $1500 USD to put together.
So if we were to compare investments, spending $1500 on a mining rig would net me 0.63 BTC/week.
In comparison, spending the same $1500 USD on AM-PT shares (assuming 1 BTC = $116 USD, and 1.2 BTC buys you 1 AM-PT share), would net you around 11 AM-PT shares, generating 0.077 BTC/week.
Granted I did not account for pending 3% management fee from BTCT.co, nor for costs of electricity for doing your own mining, but wow ... hardly seems worth it to buy shares of AM-PT. Am I missing something?
Asicminer uses a tiny fraction of the power of your mining rig. As the difficulty rises, eventually you are going to be priced out of mining. AM will not, as they are already looking into improving the technology.
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What does 0.6% mean exactly? If I bought 1 AM-PT share @ 1.2 BTC, then weekly I get 0.006 * 1.2 BTC = 0.0072 BTC/week?
Historically, yes. However, that was with ~7.5 TH/s online and no sales. We are now at > 15TH/s online, ~46 TH/s on hand, 200TH/s on order and paid for, and sales ongoing. BFL is also "shipping," so there's that too. So it is anyone's guess what it will be; I believe it is going to rise in the near term.
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Auction ends at(Not including bid sniping protection!)
Timer removed. End time: 2013-05-8+21:49:34UTC
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Much like the other auctions, here is some more Asicminer shares to add to liquidity.
Starting price: 1.22 BTC / share. Minimum bid: 10 shares.
During the final hour of bidding, every bid pushes back the end time by 1 hour(i.e., stop bid sniping). This kicks in 72 hours from the time of this post(Next post will be a clock).
Format: #shares@price
The BTC can be delivered by a trusted Escrow(prefer John K or graet) if desired. Shares will be delivered directly.
If you have a winning bid but we can't complete the transaction before the next dividends, I will send the dividends for those shares directly(with the transfer of shares), as long as the bid was made before dividend payout.
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ASICMINER won't consider changing anything unless the USBs aren't selling well as-is. Just wait it out if you aren't happy with the current offering, AM knows what to do.
I wasn't making the suggestion out of discontent - I was suggesting something I believe it would hugely benefit shareholders: solve logistical bottlenecks and increase product exposure. Obviously it's not necessary to do so at this early stage, but when scaling up it could be useful to consider... Realistically the problem isn't that we can't ship individual miners. The problem is just running auctions. Someone just needs to make a dead simple website to handle this. Maybe make it tied to forum ID's for verification, and require escrow deposits for newbie members to bid. That's it. The process doesn't need to be difficult. I would do it but I'm working on something larger that will benefit Bitcoin more.
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