why are people trying to ditch shares sub ipo righ now ? i dont know why people would do that unless its the dot com crash in the 90s
This is normal. In general, if the difficulty goes up, the dividends will be lower and the shares will be worth less. The price is falling because the difficulty is rising. it is true the shares will be worth less as dividends are reduced over time. but dividends have been the same all week, so i dont think it applies to the recent dip. As I understand it - divs will be constant until the next difficulty change (mid-next week I believe). Then, they should be constant until the next difficulty change (2 weeks later) Yes and even with the difficulty increase virtualmine will pay more dividends/btc then asicminer I highly doubt this, since each share is 'equivalent to 1MH/s'. 3BTC AM 0.007 virtualmine 1 asicminer share=428 virtualmine 1 AM=0.036/week 428 Virtualmine=0.09656108/7days Even with a difficulty increase it will still outperform AM in dividends. |
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why are people trying to ditch shares sub ipo righ now ? i dont know why people would do that unless its the dot com crash in the 90s
This is normal. In general, if the difficulty goes up, the dividends will be lower and the shares will be worth less. The price is falling because the difficulty is rising. it is true the shares will be worth less as dividends are reduced over time. but dividends have been the same all week, so i dont think it applies to the recent dip. As I understand it - divs will be constant until the next difficulty change (mid-next week I believe). Then, they should be constant until the next difficulty change (2 weeks later) Yes and even with the difficulty increase virtualmine will pay more dividends/btc then asicminer |
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In all seriousness, I obviously do my best to make you guys happy, and payouts are usually pretty consistent.
But in order to manage expectations, I will remind you that I am indeed human and that things happen on some days that don't happen on others. One day, it might even take me 24 hours to pay out. The good news is that we would all survive, even if such a horrible thing were to occur.
BitFunder has plans to allow scheduling of payouts, which should mostly solve this issue, but I reserve the right to forget to schedule a dividend in the event I exhibit human behaviors again in the future.
He's a fallible human, get him! I've been saving my pitchfork for this very moment! |
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Are there no divs today?
Thank you for reminding me, I got distracted by other exciting things. I need to keep bugging Ukto to get dividend scheduling added as a feature... can you set a reminder on your phone?  I don't have a phone. Damn.. do you have a computer? sadly no computer either  |
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why are people trying to ditch shares sub ipo righ now ? i dont know why people would do that unless its the dot com crash in the 90s
This is normal. In general, if the difficulty goes up, the dividends will be lower and the shares will be worth less. The price is falling because the difficulty is rising. If thats the case then these shares are going to pay even more dividend/cost compare to asicminer. |
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why are people trying to ditch shares sub ipo righ now ? i dont know why people would do that unless its the dot com crash in the 90s
No clue. Cheaper shares for the rest of us. |
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I'm confused.. how do these dividends pay more than ASICMINER dividends if they are BACKED by AM shares? Shouldn't they be the same?
For the cost of 1 asicminer you get ~385 virtualmine. 1 share Asicminer div is ~0.036 a week. 1 share Virtualmine is 0.00003223 a day. I'm sure I don't have to spell it out for you. Virtualmine is ~2.4x more a week. If you're look solely on dividends virtualmine is undervalue compare to asicminer. |
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 woot. Wish I had to BTC to buy them all lol |
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Friedcat,
A team of us shareholders has taken the time to collect and simplify the most popular questions people have for you and ASICMINER. I am sending these questions to you at Jutarul's suggestion, and on behalf of all ASICMINER shareholders that took our poll.
I am only going to send 3 questions to you, in order to keep things simple, and to hopefully maintain this line of communication in the future. We understand that you might not be able to fully answer some things due to competition, but any amount of info will be plenty for us!
If you can take the time to answer, feel free to post your answers in your main ASICMINER thread, or respond to me directly and I will copy your answers verbatim.
Thank you so much for your consideration, here are the questions:
1. Can you tell us more about the next generation of ASIC chips? When should we expect them, and what specs might they achieve?
2. Does ASICMINER/Bitfountain have any legal risks by doing business in China? Are cryptocurrencies or mining of virtual currencies allowed there?
3. What contingency plan do you have in place if Friedcat or other important employees become seriously ill or otherwise unavailable as a resource to ASICMINER? OFFICIAL RESPONSE FROM FRIEDCATHi ThickAsThieves, 1. They will arrive at October as their earliest. The specs are unknown (only simulation results at this moment), but surely they will be much better than all available similar products in the market now. 2. Cryptocurrencies or mining of virtual currencies are OK. Exchanging them for fiat is less OK but the legal risk is mostly on the exchange operators' side. However as everyone knows, the policy in China is never predictable so there is indeed risks in the future. We have been considering and coping with this uncertainty from the day our chips passed the test and are on the start of building offshore company structures. 3. The access to company wallet is backed up and we back up shareholder information frequently. Also the division of work in Bitfountain is not yet so refined that there are no replaceable positions. We have already left our startup stage so it's become more organized, therefore backup employees are becoming more important and in our range of plan. Best regards, friedcat  great news from friedcat. Cat Rich or Fry Trying |
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Price will go down once there is more shares on the market
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Another great day for dividends! I'll be wearing my friedcat t-shirt with pride all day  Cat Rich or Fry Trying |
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woo high divs again. This is becoming a habit for asicminer |
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Releases will be according to market demand, and are not on any set schedule currently.
The market demands you release more shares today!  yes a lot more |
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Yes sold out, only 20k were issued
I'm on my way back from a trip, so i'll have more details and an official thread for the btctc version of tat.vm later, but yes 20,000 shares have been released to start, more will be released later. cant wait |
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Put "Cat Rich or Fry Trying"
That +1 I vote this. |
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Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.
Nice site btw: How
Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453 lol Perfect! |
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this is funny.
1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC
Your buy back is 200 x div = 200 x .0322 = 6.44.
You could buy them back right now at a lower price than market!!!!
No thanks, but goodluck.
As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it. Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin. TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one. It's true but I'm sceptical investing again because this seems to be the common thought. Is there no solution for this sell at 0.007, buyback at 0.00644 problem? Afraid not. I consider this a high risk, high reward thing. |
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this is funny.
1000 shares = 7.39 BTC
1000 shares daily div = .0322 BTC
Your buy back is 200 x div = 200 x .0322 = 6.44.
You could buy them back right now at a lower price than market!!!!
No thanks, but goodluck.
As I mentioned at least once before, it is not my goal to pull a fast one here. It would be silly for me to close the asset a few weeks after opening it. Also that would still cost me 600+ btc to do, and there are much better ways for me to use that much coin. TAT has better things to do with his reputation than to get 50 BTC by pulling a fast one. |
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grilled roast cat cats communicate
mm right, right. tell me more. |
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Anyone jumping ship is misinformed. TAT.VIRTUALMINE is worth way more then BTC0.072 with the divs so high. Thanks for another timely div, it seems to be getting earlier lol.
From the contract one agrees to when purchasing these bonds: "Reserved Rights Issuer reserves the following rights: 1. To issue additional shares as the market demands 2. To buy back shares at any time within the listed parameters[...] Buyback Rights The issuer reserves the right to buy back bonds at a price equal to 110% of the highest price the asset was traded for over the prior 7 days or 200 times the value of the most recent dividend. " TAT will keep it going as long as possible. We'll see what happens to the difficulty. At a certain point price/MH will meet with asicminer. Until then I'm pretty happy collecting 3x more divs a week. |
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