great, another AMT lapdog.
Registered a whole 11 days ago. Listen to him! He knows. |
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One thing "buy and holders" seem to forget... It is NO guarantee of profit.
I guess you could hold for 10 years but in 2024 those 100 bitcoin you bought in 2014 are still only worth 100 BTC in 2024 unless you sell them. Sure, everyone would love for them to be worth $100k each in 10 years but what if they are worthless?
I'm pretty sure that 70 BTC will always be worth more than 45 BTC. At least miners have fun generating NEW BTC. Holding stale, old BTC just doesn't seem like much fun to me.
Then I have a deal for you! Send me 100 of your old BTC, and I'll send you back 50 brand new BTC. But wait, I can make it even more exciting! I'll send you up to 10 brand new BTC every month for 12 months. You'll never know how much BTC I'll send you! It's possible (but not guaranteed) that you'll end up with more BTC than you spent. Just imagine the excitement! |
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Investing involves more than putting all your resources into one pipeline. While we definitely purchased large amounts of BTC at the time, mining helped offset the long term risk associated with market volatility. Mining provided steady and better predictable results to support the uncertainty therein.
There's 2 ways to get bitcoins, buy them or mine them. I'm having a hard time seeing how getting 46 BTC rather than 70 BTC is offseting the risk. Why would you want to mine less than you can buy? |
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We'll know in the next day or two what boards they are using. Since they shipped orders 400 to 500, I'm sure there's a few customers that will post here what they received.
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If you bought bought a Jupiter in June 2013 ($7,131.80) to date you should have made 40+ btc at roughly 510 gh/s avg. I don't know where else in non BTC land that kind of ROI exist for the average person.
Ouch! Is it really that bad? Had you simply bought BTC you'd have 70+ BTC. That's nearly a -50% ROI. |
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So, my stance right now? Based on my interactions with AMT (specifically Jim Brown, almost exclusively) I believe they will deliver the product they've sold. I don't think it will be on the timeline they just stated
Delivering a miner late is like delivering a wedding cake 2 days after the wedding. |
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thnx for that quote, so much fud and bullshit in here its giving me a headache trying to find something usefull  Agreed. Maybe BA should create an official moderated thread where they could post such announcements... |
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If you read their ad for their latest batch it says Q2 shipping still. With batch 1(b) a month before while batch 1(a) is due to ship a few weeks before that batch. So that says mid May for batch 1(a) to start shipping at the latest by their own timetable. Although they promised Q1/Q2 delivery for batch 1 and they already have the hashrate in their datacentre to enable plan B for batch 1a. Unless you claim that they're intentionally lying and false advertising. To drive more sales when they're not even desperate for money. So you claim they're intentionally lying just to hurt their own reputation on purpose. To make sure they destroy their own valuable brand name when they don't need the funding for their current plans. Yeah that makes loads of sense.
Of course they're lying. Why did they quote "Q1/Q2"? Q1 was never a possibility. They needed to secure a lot of sales so they could fund their farm. After that, they don't need you silly customers ever again. See you mid May.  |
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Indeed. How about if one replaces "US dollar" with "dollar"  Exactly. The presence of AltCoins has about as much effect on Bitcoins as Zimbabwe dollars effect US dollars. It doesn't matter how many Trillion Altcoins are out there, they aren't accepted at LamboNB, they aren't accepted at Gyft, they aren't accepted at Overstock, they aren't accepted at TigerDirect, etc. |
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I would suggest a hard-copy also. I don't quite trust electronic devices completely. At some point, I plan to do what someone else has done and make a wallet from steel stamped with the private key.
Send me your private key and I'll print it on a block on my 3D printer. |
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What if they give us 5Th/s hosted in mid April?
You're kidding, right? Q1/Q2 delivery is what was promised. There's 0% chance they're going to start a hosting plan before the end of Q2. |
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Guys,
Calm down. We shot the video yesterday and its at the video product company being formatted and what nut.
Most people these days own a smartphone. These devices can be used to capture photographs. Then you can post said photograph to a free website like http://imgur.com/. The whole process takes about 30 seconds. You should consider hiring someone with a modern technology skillset. |
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So, can we all just quit the whining and treat AMT with respect, at least until they do something to deserve disrespect (other than not responding instantly to every silly allegation here).
Here's the latest disrespect earning episode: First units ship out on Wednesday guys. We'll make a video of the miner as well and list all details.
They didn't ship on Wednesday, and they haven't owned up to this fact. They are disrespecting their customers by not coming clean with the delays. They deserve no respect. |
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PG, it looks like you're running out of new material here. Why don't you hop on over to the AMT thread? There's a wealth of new dirt to dig up over there!
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so, no updates, no videos, no shipments, NOTHING. give them a breather? fuck off.
Hey, stop bumping this thread. Each time I see it bumped I think they're announcing having shipped something. Crap, now I just bumped it. Sorry! |
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so does trying to value the whole company of apple by what one share of stock traded at, but people do it.
Well, in the case of a stock, each share has been purchased at least once (at the IPO) and then traded some number of times for varying amounts of cash. There was never a Bitcoin IPO. The vast majority of bitcoins have never been purchased at any price. Only a small fraction of mined coins ever make it to an exchange. |
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Okay. Coin market capitalization. Anyway, if you look at BTC as a temporary store of value that can be sold for more later, then that's pretty much all a stock is.
But multiplying the number of mined coins times the current price at an exchange gives a totally bogus number. |
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I mean, 70B-700B in market cap could happen in isolation
Bitcoin is not a stock. There is no "market cap". |
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If you are ok with putting many machines together you can get 1th on like 10 Antminers for example that ship out when you pay.
It only takes 5 antminers. It's by far the most cost effective miner. |
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