addendum: The above is based on a current market evaluation of AM at 10% of mining revenue, giving AM a valuation of 800,000 btc. That makes the current AM shares rather cheap... I recommend loading up on them up to a point which you're comfortable with... (based on the ratio above)
I still have faith in Friedcat, but I do not see how it is possible to mine/sell/franchise an average of 10% of the network starting in 2.5 months using 40nm tech. My valuation of AM has always been based on this goal, and while I will never bet against Friedcat, it seems difficult to produce that much HW at this point. If they can turn out enough self contained liquid cooled plug and play mining containers to deploy or franchise, I don't see how it could be a problem, providing AM tech more or less keeps pace with the newcomers. Indeed, it is a very scalable model. How much hashing power is in one of those boxes? I bet it is staggering. Still, that is at least 3-4 months away from what I infer. 16 or so very lean weeks. |
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0.00134945 BTC these are this week divs.
If you think this is low , DON'T wait for the next week.
FTFY |
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lol. Whoever it was, must be feeling pretty daft now we've dipped under 0.3 at havelock. Think this will be the 21st week in a row the share price has gone down. Long may it continue whilst I scrape some coinage together  It might be a way for people to get out of the PT by getting coins and transferring them out - the crowd is now more dubious than ever after latest scandal. Notice the #of actual shares on the exchange has dipped too.. That's only reasonable as any big buyer the last few days likely intends to hold them at least until spring. Direct shares are just one step closer to safe if you don't want to trade them. |
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VirtEx News
Dec. 6, 2013, 6:33 p.m. - Verification and Customer Service Update - Dec 6 2013
Total number of verifications outstanding: 1470
Date range we are working on: Nov 23 to Nov 27
Number of staff working: 12 fulltime, 6 part-time
Verifications completed today: 34
Verifications missing info and put into waiting: 44
Outbound Phone Verification calls made: 62
Customer service tickets outstanding: 1,100
Our increased site traffic and trading volume today slowed down the site and our admin, as per our tweet earlier we are upgrading our hardware and connectivity infrastructure next week to drastically speed up the site. We are also starting 3 new staff on the weekend. We are also making headway for third party verification and will have updates next week.
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This is excellent news, and it is excellent that we now GET news. Crazy that the outstanding verifications is going UP though. Can't wait for the site upgrades...
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2 open trades stuck as pending and I couldn't cancel them.
If they were at the pending stage then that means you clicked "confirm" instead "cancel" when you submitted that trade. You think you should be allowed to cancel 'after' you confirm? lol If you get so upset and impatient when the action gets hot maybe you should sit on the sidelines until things calm down.  Its not the action thats hot (this is virtex, come on) its the stalling, lagging machine. And what do you think is causing the stalling, lagging? You should follow them on twitter if you want to understand the situation and what they are doing about it... Or if you would rather stay upset and complain, then carry on. Nope, just abstain from using them for trade until they sort their shit. It's not like its the first lagging high volume session ever. This repeats like clockwork. It will get better; but for now... It hasn't. |
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No matter how you slice it, sales and margins are getting thinner with the competition and difficulty increases. I believe that was forseen long ago, as earlier announcements have indicated (single digit margins IIRC) What we DO have, at least in the works, is cutting edge self mining infrastructure. Hopefully that will allow the network share to be recovered and maintained regardless of sales profits dwindling to lower and lower levels. With the increased value of BTC the mining would inescabably become more (re:divs) heavily weighted than sales. At some point it is conceivable to buy chips from the competition if someone achieves a far better economy of scale at razor thin margins. Where that is, I have no idea, but the trend seems sure to me: lets start boiling that coolant boys!
I am hoping you are right, and I am putting my money in that basket. I'd love to hear more about details though. There have been some good pics and a write up by one journalist, copied far and wide. Looks like we got the boxes, just need something to put in them  I imagine stock wise we have some falling to do before March. Then, whether gen3 is all its cracked up to be or not, I imagine it gets deployed in vast quantity. If its good, sales too, if not so much, we mine it until gen 4 can roll out. 2 years operations budget remember. Even if gen3 is weak, its not the end. Nothing is infallible, but friedcat's team seems to have a lot of bases covered. FC= smart cookie, I think. |
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No matter how you slice it, sales and margins are getting thinner with the competition and difficulty increases. I believe that was forseen long ago, as earlier announcements have indicated (single digit margins IIRC) What we DO have, at least in the works, is cutting edge self mining infrastructure. Hopefully that will allow the network share to be recovered and maintained regardless of sales profits dwindling to lower and lower levels. With the increased value of BTC the mining would inescabably become more (re:divs) heavily weighted than sales. At some point it is conceivable to buy chips from the competition if someone achieves a far better economy of scale at razor thin margins. Where that is, I have no idea, but the trend seems sure to me: lets start boiling that coolant boys!
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Looks like the first steps to banning BTC in China outright. How do you figure that? The govt said at this time bitcoin is too risky for banks to trade in. At this time, that is something that has never been done yet anywhere, so whatever. Also confirmed the exchange is good to go. No bad news. |
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It would be nice if we could trade this without having to depend on Gox's "Blazzingly Fast" Midas Engine.
damn i woke to the sound of dumps. and missed it still shitttttttt Even had you been awake to place orders you still would have missed it because Gox was running minutes behind. so, everytime you placed a buy the price had already moved far away from your bid. on a cad exchange.  i would've been able to sell if I woke up an hr ago I caught it @ virtex, but it was a bit nerve wracking with the delays and glitchy performance. I got all safely back in, price came back up, and then my latest deposit cleared LOL. |
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It's not over yet it seems... China going further down.
Especially if you're looking at bitcoinwisdom, which is playing about 2 hours slow Tripped me out until I noticed the time |
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Gox goes 12 hours at $1230, but hit $1050 and they can't sell fast enough  |
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That was fun As a strict buy and holder, I just did my first trade Had some recently purchased BTC still at the exchange, so I risked a portion of it right at the precipice, and brought home a nice $76 spread Couldn't sleep, thought I'd check the markets, and hmmm. yahoo, and choo choo! |
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Amazing what 500 coins can do to 1224... Times are changing... Update: Aaaand a double bottom @ 1190. wow look at that go |
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DAMN!!! NEW ATH LAST NIGHT AND I MISSED IT??? Only recent ATH I've seen is Virtex... up about $150 |
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No doubt. The collapse of this thread is imminent. Any time now EDIT: Maybe we'll just have a correction and be set back 325-375 pages imo Stupid bear. This thread is set to go to teh m00n. I am bullish as ever. We should have a pagecount predictions market. Guess the pagecount Goxbucks meeting point. |
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My last 2 share purchases or conversion led to separate div payments. I used the same direct share Bitcoin address and receive all divs on this address but in 3 separate transactions now.
Is it temporary and will these 3 txs be consolidated in a single one in the future or should I ask friedcat directly?
Same issue. Since bctc it has been split. As long as the divs show up I suppose its no big deal, but it would be nice to consolidate. |
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By now it should be obvious what is going on: he is holding back all the dividends on hardware revenues so he can dump all 12,000 on a single upcoming dividend payment in 3 weeks on Christmas Day! FC=SC.
LOL that would be awesome! |
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And now, BTC withdrawal is suspended...
'see our twitter feed for details' are you fucking kidding me? not even a link? I've never looked at a twitter, and I never planned to. I guess I could google it, but WTF. how hard would a link be? |
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I'm very new to bitcoin and read in this thread about a crash that BTC went through. What happened at the last crash of BTC? Did it go down very fast, too fast to respond if I need at least half a day to respond?
Say BTC indeed does go belly up, would you still have time to take your losses (sell at too low price) or is there a chance it would drop to zero all at once?
I was watching and logged in to Coinbase when bitcoin dropped from $900. I still had a hard time getting out at $733 on the way down to $450. And did you get back in before 733(plus fees) on the way back up? Day trading is risky if its not what you DO (well, even then). Some do alright, most tend to go more backward than forwards. Of course, it is those people that finance the gains of the winners Personally, Buy, hold, accumulate - until such time as buying becomes insignificant to my holdings. Then its just hold, until its time to start taking profits. That is not for a while yet. Or is it? 2014 sounds like a great year to retire. Or to keep paying my loans and mortgage etc |
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This is precisely why the good advice everyone gives you on this forum is only invest funds you would be comfortable losing
No need to be comfortable with the loss. its OK if you learn a lesson in failure. Just don't let it be a life altering one |
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