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2821  Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments on: July 02, 2014, 12:14:27 AM
Actually the real solution would be to charge a low fee for every order placed, whether it is fulfilled or not or canceled.
Or just for cancellations.  Or after a limit.  Abuser pay, as it were.



Trying to recall think there was an option like that on BTCT or maybe not if so then it would be a nice feature to add to havelock

IIRC they had higher trade fees for non-2FA accounts?  I don't recall any order or cancellation fees.  Of course, that was before breakfast this morning, and therefore somewhat fuzzy  Grin
2822  Economy / Exchanges / Re: Official CaVirtex.com Thread on: July 02, 2014, 12:05:22 AM

6) MANDATORY 2-STEP VERIFICATION ON ACCOUNTS

To ensure your accounts and funds are safe and secure we are implementing mandatory 2-Step Verification for all accounts with balances over $2,500 CAD or BTC equivalent.  This policy went live June 24th. If you have this already enabled on your account you do not need to do anything.  If you do not have it enabled please login to your account and go to My Account->Settings>2 Step Verification and set yourself up.  If you need further help with this please watch this videohttps://www.youtube.com/watch?v=ZTiLNLV1njM

We are actively working to make Bitcoin and CAVIRTEX more accessible to our valued clients. If you have any feedback or questions about our services please either submit a ticket or call us toll free at 1-888-812-2525.  Please subscribe to our twitter feed (https://twitter.com/cavirtex) for the specific launch dates on the above items.


Can't see that being an absolutely good idea here since some people in this digital age still abstain from Mobile Phones or are using dumb phones.
Especially some of the newest Bitcoin users who know little about it and have low technical abilities.

Perhaps a unique pin would be a better alternative combined with a user login.
Log in normally skip the 2FA to execute trades but instead you need to add a four digit pin instead for making orders and withdrawals.

The option is important.
In bold text - 2FA does not in any way make cavirtex more accessible.  I, (and others I know) will just cease to use cavirtex if this is implemented as mandatory.  Being tied to a smartphone is nearly the opposite of MY goals.  I guess there IS an option, it just has nothing to do with cavirtex.  Please reconsider this, or make it optional.  I will open a ticket, since this thread does not appear to be monitored in any way.
2823  Economy / Securities / Re: ROCKMINER - miners using GEN3 ASICMINER chips on: July 01, 2014, 07:15:34 PM
Hi, i am surprised ROCK is currently priced so low onto Havelock, wasn't IPO price about 0,1?
Looks like price is about 0,05 now, what's the reason?

The nature of IPOs on Havelock.  Should bounce with some payout though.
2824  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 07:09:44 PM
There is no doubt in my mind that the US and USD will fall.


It's just the timing that is hard to nail down. 

cAPSLOCK, of course sensible people hope for a soft landing, but is it not also sensible to prepare for a hard landing?  Just as likely  to happen I think.  Civil unrest is escalating all around the world.  You are not immune. If it doesn't bear thinking about, perhaps it bears thinking about. 
2825  Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments on: July 01, 2014, 06:38:29 PM
Actually the real solution would be to charge a low fee for every order placed, whether it is fulfilled or not or canceled.
Or just for cancellations.  Or after a limit.  Abuser pay, as it were.

2826  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: June 30, 2014, 11:49:23 PM
TL; DR: We are at 650 in the beginning of July, 2014.

Looks like this particular prediction will come out right. On rpietila's time zone, it may even be exact.


Risto is a boss, this is spooky accurate.

Wow, it's truly spot on!
I hope he predicts 10000 for the beginning of August or something Grin



https://bitcointalk.org/index.php?topic=178336.msg6847561#msg6847561

Quote from: rpietila
we are there earliest mid-July at 4700. If it postpones till August or longer, it also goes higher.

Oh wow!
Now I hope we are lower than 4700 mid-July!
Never thought I'd say that Cheesy

I think the auction is going to make us late...

Next peak no sooner than early/mid August, if past performance has anything to say to it.  Later works for me  Wink
2827  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2014, 08:17:17 AM


It doesn't matter who you elect because as soon as they are in office they are swayed by political pressure, lobbyists, plain old greed, whatever.  Politicians do/say whatever it takes to take office, from there it's just a shit show.  I like your attitude but voting has never worked.  

If voting could change things it would already be illegal. 
2828  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 27, 2014, 01:49:30 AM
Does anybody know the details of the FBI auction?
Will we get to know the price the BTC are sold for? How long after winning does the highest bidder have to wait to get the private key? etc?

not sure if we'll get details on the price, but I believe the bids are being placed by email (lol) and if recent history is any guide, I expect the USMS will simply hit "reply all" with the private keys  Grin

   It would certainly be a fitting finale to this whole entertainment  Grin  Funnier yet would be the discovery that they had already lost or compromised the keys, and there was nothing to auction  Kiss
2829  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 24, 2014, 08:25:18 PM
Has it been said anywhere how quickly the USM are going to be able to settle the coins to the winners?

<snip>

Let's hope they don't mess up the transfer in the same way as the email Tongue

Why?

It would not surprise a lot of people  Cheesy
2830  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 22, 2014, 06:47:49 PM
godammit here we go again whining and arguing on this sacred thread??!
ffs feel free to sell, otherwise just stfu.
divs shall come soon enough. it hasnt even been a month since last update.
bitcoin isnt going anywhere either. go cry over the wallobserver thread instead.

The only real concern related to timescale is the rise of BTC price before dividend conversion. 
   May $600 last longer than BE200 stock.  Cheers!
2831  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 21, 2014, 02:22:15 AM
Why not just keep pumping the money back into the company and receive yearly dividends every Christmas? I'm all for it Smiley keep the funds FC, make it a fatter payout at the end of the year for us lol

I actually wouldn't mind this either.  I'd like to see FC diversify a bit and start a holdings unit as a second line of business just to give us some wiggle room and stabilize prices.  What's your take on that Friedcat Buffett?

They need better customer service. Transfer of shares took 9 days last time, now transferring to havelock, which will take who knows how long. This is why they need the shares to be on havelock or counterparty, or figure out a way to make it easier for investors to trade holdings.


And dividends are a must, this is a crypto stock, very high risk. If they can't pay a decent dividend, the price should be much lower than it is even now.


A week and a half is not long at all for transferring shares.

Stocks are leading indicators not lagging.

 Stock market returns are leading indicators.  Thankfully, they are not always accurate.  Let's hope they are not accurate in the case of Asicminer shares.




I don't know about that.  AM has returned multiple times the IPO price per share in the first year.   That seems a pretty good indication.  On what scale do you find that to be a bad indication?
2832  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 20, 2014, 12:25:22 AM
okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?


If I wanted 3k coins, I would contact a miner and attempt to negotiate a price a little under market.

If this auction appeared on my radar whilst I was considering it, I'd probably throw in a low-ball offer on the off-chance.

Thus I think these coins will sell at a discount.

And lets face it, the US gov't is more likely to snatch a defeat from the jaws of victory than the other way around.  If a fair market value is 100-110% of current, then they are unlikely to accept any bid over 60%.  People might start to expect responsible actions from them.
2833  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 17, 2014, 04:57:04 AM
anyone get their direct shares transferred to havelock? Been waiting a long time


I waited 12 days, finally my shares transftered to havelock

what's the best way to transfer them these days?

There's still only one way.

Would you mind sharing that?

sure.

https://www.havelockinvestments.com/fund.php?symbol=AM1

Quote
Importing Shares
There is no fee to import shares. There is no minimum quantity for importing shares.

How to Import Direct Shares:
1. Send an e-mail to fnnirvana@gmail.com & Havelock Investments at
AMFund@havelockinvestments.com with the following message:

”Please transfer (X) of my shares to the Havelock Investments account at 1J5fvfUrDcZj8rrpVHMgn8u7sXee84QkPd --
AMFund@havelockinvestments.com”

Also include the following info:
- Your current ASICMINER share-holding wallet address & e-mail address
- The quantity of shares you wish to transfer

2. If the e-mail address you have on file with ASICMINER is different than the one you use for your Havelock account, you MUST send an e-mail from the e-mail address you have registered with Havelock confirming this import request. If this is the case, please provided a dated, signed message from the host wallet to confirm ownership.
3. After confirmation from Friedcat is received, the AM1 shares will be added to your account within 48 hours or less. Please note that ASICMINER currently processed requests once per week, so some imports may take up to 9 days to fully process
2834  Economy / Securities / Re: ASICMINER Speculation Thread on: June 08, 2014, 01:48:52 AM
There are a lot more shares now on Havelock than back in the summer of 2013.

More buyers too, if there is anything to this growth model business...
2835  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: June 06, 2014, 01:38:28 AM
Another victory for Jesus Christ  Grin
Just had to say that ha-ha

Back to the thread thanks for answering all the questions Friedcat reposting to the main page since it tends to get buried quickly in this thread

Brief Answers to Shareholder Questions

First of all, we would like to explain the situation we had in this May. The sales of chips mainly happened before May, while the ramp-up speed of chip sales slowed down mainly because of the lack of flexible whole-device solutions (having features of easy transportation, widely available components, etc) from our customers (device producers). As dedicated projects on improving the design of BE200-based devices we believe we will see much better sales because the room for hash rate growth is still huge and our cost in terms of $/G is highly competitive.

The other point we would like to address is that we are not cooperating with any mining device producers other than in the forms of simple buyer-seller relationship. Nor we hold shares of any other device producers. Our pricing strategy was discussed in the board before, which targets low margin large quantity instead of high margin small quantity because: 1) If both device producers and miners can have real profit after risk premium we will develop reliable consumer of chips in the long time. 2) It alleviates the problem of many potential purchasers waste time waiting for future price adjustments. 3) Higher quantity of orders in this generation leads to much more support from the fab with respect to all future generations of chips.

1) On the Balance Sheet, approximately how many chips does the current Inventory (Products + Materials + Masks) represent?
A little less than 60P of wafers, most of which are on their final stages of production. The materials consist mainly of lead frames for packaging. The mask is re-usable for years if there are continuing demands for the corresponding wafers.

2) How many months of inventory do you estimate that represents?
Depending on the Bitcoin price. Under this price we expect it to be 1-1.5.

3) On the Cash Flow there was significant expenses for gen3 production (~6mil USD). Does that represent the bulk of gen3 expenses, or are the expenses for gen3 going to continue (additional wafer batches ordered, etc.)?
It represent the order we already placed and paid for. There still are forecast plans for June we haven't paid for. They may be cancelled or delayed to later months according to how fast customers can turn Bitcoin chips to hashing power.

4) When will dividends start, and how frequently will they occur?
When the cash-flow becomes positive. After we decide to put significant quantity of chips on ASICMiner owned farms it should be per week. Before that, per month.

5) What is the status of gen 3.1 (shipping to customers, I think?)? How much does it help with energy usage -- do we have final chip performance numbers yet?
All shipped chips are gen 3.0 ones. What we had chosen for 3.1 helps with energy usage at 10% range and has some performance degrades. The final chip performance number is about 0.7W/G at 0.78V and 320MHz. Below that voltage we have less power draw and less speed.

6) What is the progress on gen4?
It is 28nm and has two major improvements: the first one is to fix the design errors we had with 40nm (which made our silicon data two times worse than simulated data). We believe that 0.35W/G at rated speed of 400MHz would be achievable in 40nm if no mistakes were made before. The second one is the technology improvement from 40nm to 28nm in terms of density, speed and power.

We are on the stage of evaluating the final design choices by running the physical design flow on different settings.

7) What is the status of self mining? What is the rollout schedule for the data centers?

8 ) What is the status of franchising partners? When can we expect to see income from them?
We will report the more detailed status to the board first. The short answer is that deploying and financing is easy while getting cheap electricity and proper device solution takes time. When we have farms running we can update the related information with real time hash rate.

9) Can you please clarify this sentence from 21st April : "The dividend schedule will be aggressive, as AM will not require large sums of retained capital." < is this still actual, or meanwhile something changed?
It is still actual. The condition in May is not a part of the plan. When we were forecasted permissively about this summer's production power of the fab, we ordered as many wafers as we could to prevent the bottleneck with wafer production.

10) What is the average selling price of AM gen3 chips (price per Gh/s)?
About 0.5$/G for sold chips.

11) What is that ~4M CNY in financial report/expenses at exchange?
Exchanged to USD.

12) What is the cash flow ratio between the amount of Chips Fabricated and the percentage of the batch that is dedicated to cost.
There are no orders dedicated to cost in the short time. So it's 1:0.

13) What is the Break Even Point of this batch of Chips?
Although the cost of making could be estimated by companies with experience on fabricating chips of high-end technology nodes, we
would rather retain the accurate price per chip from the public.

14) What is the estimated conversion time from chip sales to dividends?
The conversion time itself is fast and should not be the main stagnation of the time frame.

15) Will the funds from future Gen 3 chips be used to fund Gen 4 chips or distributed as a dividend, and what relative percentage of income will be retained for Gen 4?
Both. 1/3 as forecasted.

16) Previously our Asicminer farm was mining bitcoins and distributing a weekly dividend, will Asicminer update its present hash rate in the mining farms to account for current difficulty changes and to procure a secondary supply of Bitcoins to adapt for rapid changes in Bitcoin prices?
Yes. But that should be when we replace the farm with BE200 based devices, otherwise it is no point considering the 0.12-0.15$/kwh electricity price we get for our old farms.

17) What ever happened to the dedicated PR person and should AM make a website for distributors and for Chip inquiries?

18) Can we please get weekly, bi-weekly or monthly updates about progress, plans, sales etc. for preventing FUD in this thread?

19) Can you please communicate more clearly/frequently with shareholders?
When we are sure we get a good solution for the lack of communication we will announce.

20) What are the future plans and visions of Asicminer?
There will be at least two generations ahead. If future Bitcoin market cap allows there can be more. As we are keeping the chip design capability to grow with state-of-the-art technology as well as good channels with fabrication we can be flexible in terms of business mode be it chip-based or device-based.

I think this is the most thoroughly answered set of questions yet.  Excellent [rubs hands together]  I can't wait to see all this hashing power unleashed... into my wallet  Grin
2836  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: June 04, 2014, 06:51:46 AM

But how does one effectively bar a police state? ?  Especially one that is gathering momentum?  The sheeple seem to be in love with it.  



sorry about that, it's a figure of speech I guess.

what I meant to say was "unless society crumbles and we allow a 1984 styles police-state apocalypse, I think the adoption of bitcoin for governments is inevitable."



    Nothing to apologize for.  I was being a little facetious, but it is a valid point that the likelihood of this shit is stronger than merely non-zero.  How do you hedge that, besides planning to be somewhere else?   Bitcoin is likely good for that, but gold may be required to grease the wheels on the journey.  Always have some gold  Shocked
 
Which is more likely :  Western Governments adopting bitcoin, or terrorizing their subjects to the point of violent revolt?  I'm pretty sure I know which path they are progressing thus far.  That doesn't make bitcoin any less valuable, but it might raise the perceived value of PMs.

Wake me when BTC get over $700.

Out.
2837  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: June 04, 2014, 05:30:32 AM

Countries might benefit more if they would invest today in BTC rather than gold, but we are quite far from there imho.
Still countries will benefit more from investing in gold today rather than investing in US treasuries.
About your "we don't need them" - I don't know what group of people this "we" refers to so I cannot comment.

Humans love gold since as far as history can see - it will not change.
Humans need an open and honest currency, and gold.

hi Smiley

"we" means productive people, "them" means leeches.

humans will always love gold, it's a very cool metal. but it's use as a currency is limited. store of value? probably, for a while, but there's just so damn much of it.


but this is the part I really like:
Quote
Countries might benefit more if they would invest today in BTC rather than gold,

At some point, a political party will win a majority vote on a platform of using bitcoin for at least some portion of it's finances. it's public money and we deserve to see where it's going. it will take a long time, but barring 1984 styles police-state apocalypse, I think it's inevitable.



But how does one effectively bar a police state? ?  Especially one that is gathering momentum?  The sheeple seem to be in love with it. 

2838  Economy / Securities / Re: ASICMINER Speculation Thread on: June 04, 2014, 12:20:15 AM
For those keeping track, there are now a total of 28,166 AM shares on Havelock, up from 27,320 on May 26th (24,911 shares to back AM1 and 3255 to back AM100).

Up from 12-14K in Nov - Dec, IIRC.  Becoming a notable proportion of outstanding shares...
2839  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2014, 05:07:43 AM
1.7.2014 BTC value is X00 USD

x=?

Y?

Yes, Why?
2840  Economy / Securities / Re: ASICMINER Speculation Thread on: June 03, 2014, 02:32:33 AM
   Its the mining that was the foundation for the dividends.  Through the fall and into winter, when there was nothing to sell, dividends shrunk predictably, but it was always something.  Then gen 2 was dropped, and there was a big lag updating centers and franchisees to gen 3.  With some luck, the transition to gen 4 and/or 5 will take place at a point of diminishing returns, on a rolling basis rather than after the dust settles on zero returns.  Experience is bound to make it smoother as we progress, and mining should be back on line soon.  Other companies are shipping products with AM chips, surely we are as far along on in house products, and ready to throw the switch  Wink
  So who's expecting a little something from mining revenue on Wednessday?  Grin
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