I missed how this all began but I always assumed Bitfury made a deal with the 100TH guys to create chip for them, 100TH manufactures 100TH in their Taiwan factory for themselves, then for Metabank to sell on behalf of Bitfury. Kind of like you scratch my back, I'll scratch yours.

Yah, but he has a point about attempting to maintain a percentage of the network hashrate. People aren't even attempting to do that, they're just taking out loans (creating bonds/stocks) for diminishing returns (less effective hashes).

So for a mining bond based on difficulty, the issuer gains a lot of capital during the IPO, and can buy the shares back at a later point (like a year) cheaper. It's great for him, but it's also great for the first comers too. The people after the IPO and near the end of the spectrum get the short end of the stick. The issuer would have a difficult time maintaining the % of network hashrate, but if he could, then it would be a sounder investment for the long run. As it stands, a bond like TAT.VM relies on the difficulty increasing and the dividends dwindling, because if they didn't then he would go broke. Right now he's paying out more per day than he's making per day, but he gets a nice fat cheque he invest in something else to (hopefully) profit enough to cover the loss. Thus he and the initial investors do well I'm not sure any mining bond out there is maintaining a network % with the huge delays in shipments. Maybe one day though..

Seems like you guys are trying to cash in on your orders. You've been mining for 2 years, but your orders are very recent. Maybe you're withholding the older orders, but no one would expect you to admit that. By the time you get those machines, your calculations are useless. Even if they were running right now, they're too expensive. You could have offered them cheaper, at the optimistically estimated price you'll see from them in a few months. Maybe then you'd get some hopeful gamblers. But with this greed...

The only reason you are "cheaper" than some of the other mining stocks is because they started low and demand pushed them higher. You can't just start at the top, and they also have much lower order numbers. You guys must know this. This is just free money to cover your expense on those orders that won't trickle down to your investors.

Them some sweet sweet divs. This first month will be the best, but it'll still be worth keeping it in here for ~8 months. After 8 months it'll prob be at 5% APY which is OK if stable.

Oops you're right. I jumped the gun on that one. Thanks much 16x YABMC too.

Please add automated dividends for TAT

https://bitcointalk.org/index.php?topic=223442.new#new

Manual? Wow, that sucks.

Of course, I'm just thinking 10BTC = $1300 for customs when the device is $2100 and thinking what? and we could at least opt to pay a certain amount of DOLLARS for custom fees when it's ready to ship, instead of BTC now, because who knows what BTC will be worth in 3+ months? You could be getting $5000 for customs, or $50, but more likely $1500+.

There's other fees, and I'm sure the 1.5% will help. If it's not enough, increase that IMO.

Imports to my country, Canada, would only cost $245. What about yours?

Edit: missed a decimal place. Thanks stripykitteh. Phew.

Edit: Math error, thanks ChronoX5.

No proof, but you can hold the coins in your own new wallet if you purchase through their site (6-10% fees).

Not quite. People getting into TAT.VM are either looking for somewhere to put their coins as an intermediate between ups and downs in other stocks, or they're looking for passive consistent dividends yielding 5-30% APY (interest a year), like a normal solid stock. It's the *safe* choice. Currently people use YABMC for this, but YABMC doesn't have many shares on Bitfunder (500), and on BTCT it doesn't have much activity, isn't clear to people on the MH per share, and does weekly dividends (the difficulty for the last 6 days will be whatever is on the 7th day, which isn't fair). YABMC has been fairly consistent in price. Actually, it's been increasing, as more people want to use it as an intermediate. TAT.VM is very clear, and daily, and on Bitfunder. It's a great intermediary if you're interested in it. It's at like 30% APY, which is nothing to sneeze at, so even as it decreases to 5% it's still a good holding, thus the price should not drop below the IPO very much.

Yeah it should. 100TH is about 5x cheaper than TAT.VM, but not mining for a few more months at least, and the issuer screwed some people by distributing more shares at a lower price after IPO. ASIC.COOP's numbers are about the same.

Thanks Foofighter, that's perfect!

I wish someone would do this with Bitfury's (600% more GH per dollar, less power).

When only the first batch has arrived, in order for that to be true, you wouldn't split the 5.5 GH device between all shareholders, only the one who bought the 6 shares. Otherwise as more people buy shares, you are watering down (reducing) the hashing power per share (giving the new shareholders hashing power before their shipment has been delivered).

If I buy 6 shares now, do I get hashing power when the first shipment you ordered is delivered (avalon batch 1)? or do I wait until the shipment I get into is delivered (batch 2 or 3)? Honestly I would prefer to wait and guarantee ~920Mh/s per share. Because once you start actually giving out dividends, a bunch of people will want shares and the shipments will take longer and never catch up to the demand.

In essence, you would be hosting them for us (you should charge a % fee).

That means the first avalon you pre-ordered is all yours, Foofighter, not shared. We wait Is that how it will work?

Sweet, I could use some TAT.VM for my TAT.AM

If you say the value/cost of the device/box is $2160, then the USA and Canada will require taxes (14% in BC = $300) and customs (who knows, $200?). So, around $500 is to be expected.

Metabank, Bitfury, is it OK to pre-order and pickup in Moscow? I live in Canada and speak English (not Russian, I'm sorry!)

Thank you

Hey Naima, is shipping (to Canada) included in the $5000 price? or additional?

I don't know about that. The simplicity and profit of selling in bulk is a good excuse, because you have to interact with the third-party somewhere anyway, on like, a forum There's a lot of overhead in selling units of 1 to just anyone around the world. They could have a better public image though, than checking a large "fried cat" forum topic.