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301  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 10:52:38 AM

It still means total hashrate will be around 300 TH..... either because they are mining with them themselves.... or because their customers are....

So that means 300 TH without BFL in about 2 - 3 months time

I really would like you are right but i highly doubt its possible for Asicminer to stamp out such a hashingpower in such a short timeframe. It would be cool though...

... also Avalon batch 2, batch 3 and possible batch 4 (?)

stop gumming up the auction thread with your jibber-jabber!
302  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 17, 2013, 04:42:07 AM
1 BTC/share Grin

Secret rocket is taking off!

Hm, strange that bitfunder has both a lot more depth and is at a much lower price, yet the price rises on btct.co

If it were easy to arbitrage the two it would be a good arbitrage opportunity.  Although the spreads on btct.co are pretty wide compared to bitfunder.
303  Economy / Securities / Re: ASICMINER for dummies? on: April 17, 2013, 03:57:01 AM
ASICMINER hardware sales have kicked off.

https://bitcointalk.org/index.php?topic=178275.0
304  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 17, 2013, 03:56:12 AM
1 BTC/share Grin

Secret rocket is taking off!

Well, folks had their chance of buying shares sub 1 BTC/share. Come on April 22nd!!

Wow.  Wonder of much of this is due to a) the pending increased hash rate, b) the extra income to come from sales, c) increased publicity of asicminer due to #b.

Probably a virtuous circle of all three, but I'm glad for it!
305  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 17, 2013, 03:28:26 AM
Can we get a list of the top bids. Thanks

Are you for real?  There have been exactly 2 bids placed since the last summary was posted. 
306  Economy / Economics / Re: Effects of trading 1500 BTC @ 200 USD in one act? on: April 17, 2013, 01:02:50 AM
Hello, I'd like to know if it is possible to sell 1500 BTC @ 200 USD in one act.
Also, I'd like to know what is the effect of this act on the market.

P.S.:
No, I dont' have 1500 BTC.
Yes, I know that BTC is not @ 200 USD.

There is at least one post in the marketplace forum/subforums where someone is looking to buy large quantities of bitcoin.

Now obviously nobody is going to buy at $200 when the market price is $70, however if you were just wanting to sell a large amount at current market price without moving the market too much, the best way would be to do an off-market trade.
307  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 11:59:04 PM
Man, getting expensive already.

1 @ 32

I thought my bid was within the range but man, you guys can have them.   Are people actually doing calculations on the profitability?   When you are talking $1500.00 profit in 90 days with more hashing coming online, seems to be really risky.   I know we are all excited about these but dang  Wink

As a shareholder, it only gets better with higher prices. What you have to keep in mind is these device will arrive sooner than Avalon batch 2 (for some folks). While they're only a fraction of the power, you get these right away. With Avalon batch 2 resells going so high, this isn't too unexpected.

Whatever the price ends up being, I think it'll be out of my price range, as my power costs are quite high ($0.30 /KWh).  Which is a shame.
308  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 11:41:47 PM
What is the exact power expenditure on these?  We looking at roughly 600w?

Here's an idea - why not read the first post of the thread?

ASIC-Powered Efficiency Each blade consists of 32 hashing chips. It has the baseline speed of 10GHash/s, the rated speed of 10.752GHash/s, and the maximum speed of 12.829GHash/s with overclocking and proper cooling. The power consumption is 83Watts per blade in room temperature on rated clock and voltage.
309  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 10:51:43 PM
And another recap:

zerogravity 30
LainZ         30
sveetsnelda 30
InstantBTC 27
superbit     27
rammy2k2   27
BlackLilac   26
BlackLilac   26
BlackLilac   26
BlackLilac   26



As an asicminer shareholder, I approve this message!
310  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 16, 2013, 09:54:06 PM
If they all sell at 25, BTC250 spread across 400k shareholders is mBTC0.625 per share.

Last dividend was 0.00695566 (if you include the 1 satoshi per share), or mBTC6.95566

So, no idea what the profit margin on these things is - let's say it's 75% at this price (don't forget, shipping is included).

Which means the proceeds of this sale will produce a once-off 15% bump in dividends.

So the question now is - how many of these things do we have to sell, once the auction is over (and presumably the auction price will become the "normal" price).
311  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 09:47:17 PM
1@25
312  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 09:44:41 PM
ASIC-Powered Efficiency Each blade consists of 32 hashing chips.

Does it mean that these blades are different from the 64-chip ones found in these pictures?:
https://bitcointalk.org/index.php?topic=99497.msg1493791#msg1493791

This.  And could we see some photos of the units?
313  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 16, 2013, 09:04:06 PM
First auction is up. Tell your friends.

 https://bitcointalk.org/index.php?topic=178275.0
314  Economy / Auctions / Re: ASICMINER Auction: 10 Block Erupter Blades on: April 16, 2013, 09:01:08 PM
Let us get this party started. 

1 @ BTC 6
315  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 15, 2013, 04:53:36 AM
They are only 300MH/s (as I keep saying)

Even 1000 of them is only 300GH/s ... i.e. you need 3,333 of them to just reach 1TH/s
So unless ASICMINER is suddenly able to produce a lot more that 1000 of them, it wont make much impact on the network
(they are slower than most typical current hardware used by anyone but noobs)

I may have missed it - how many are we looking at selling?  How much has rate are we selling vs deploying internally?
316  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 15, 2013, 03:56:53 AM
Giving a discount on hardware to shareholders is a terrible idea... especially for shareholders. Anyone can buy one or two shares of ASICMINER. Let's max out what we can get for these bad boys.
But that can raise the share value for shareholders. Definitely needs to be priced in BTC through.


Don't you think it would only cause a temporary bubble in share prices, which would fall as soon as the sale offer was over? That certainly wouldn't benefit those of us who want to hold our shares, or even invest further. I haven't crunched any numbers yet I'm just thinking out loud.

Agree with you 100% on BTC pricing. 

As someone who's invested in ASICMINER for the dividends, not the "capital growth", a rush of share buying for the purposes of securing a discount on miniminer units (do they even have a real name yet?) is a bad idea, yes.  If you're going to go down that path, you may as well sell all the units to shareholders at cost and let the shareholders distribute them as they see fit.

People need to remember that every miniminer we sell is going to directly compete with asicminer for mining hashrate, taking dividend payments directly from shareholders.  In a world with unlimited power and datacenter space, I think most sharesholders would agree that internal mining would provide the best ROI.

Given a lack of power, network and datacenter space, selling units for as much as the market will bear is a reasonable second choice.  It also has the added benefit of shifting some of the risk of future hash rate increases (beyond what we have already accounted for) into "the market", which some would argue would provide a better pricing of said risk.

And given that selling mining rigs is effecively bringing forward mining income for that hashing power (discounted to present value accounting for uncertain future events), the increased dividends for asicminer shares that represent that extra income will probably result in a healthy share price bump anyway.

Also worth considering - any time spent by asicminer management dealing with share transfers, shareholder discounts, and anything else that isn't directly related to building, deploying or shipping as many miners as possible is directly detracting from the value of asicminer shares/dividends.
317  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 15, 2013, 02:08:29 AM
I guess then what I should ask is how to purchase 1 share so as to get in on the $39 price tag for shareholders then. I could easily see it going for many times that amount... thanks to the completely open market. :-/

if we're keeping a 1 month ROI on these things, $59 is a deal.

If we're looking at a 1 Year ROI, then they'll sell for $250 each, that's with a 26.4% increase in difficulty per month, every month.

I guess I like the former more than the latter... and share holders are opposite. I would figure the price will land somewhere in the middle... most likely $150.


To buy shares you find someone who is selling shares.  Look in the auction forum.  I don't like your chances of a single share purchase though.  Your other option is to buy a passthrough (PT) share on one of the exchanges, and then convert that to a real share.

https://bitcointalk.org/index.php?topic=159194.0

The other thing is, I really hope they sell these for a price denominated in bitcoin, and would be very disappointed if they were sold at a US$ price. 
318  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 15, 2013, 12:50:16 AM
Why does everyone say "Auction!!!" Anyway?

Give us a set price, Quantity available and let us buy the crap out of them?Huh

Everyone says "Auction" because an Auction is arguably the best (and easiest) way to get the best price.  Because, as shareholders in asicminer, we all want the best price for these things.

Every one of these things that ends up on ebay at a premium is lost profit to asicminer and its shareholders.

My other thought was that you could just mail one of these to each shareholder (one per share, one per ten shares, whatever) and then it's up to the individual shareholders to maximise their own value - either by mining, or selling.  

The idea of having an auction for a small-ish number of units, and then setting the retail price for the entire batch based on the price fetched at auction seems like a reasonable compromise.

The fact that it would be next-day shipping would also mean a significant price premium compared to all the preorder nonsense that goes on around these parts.
319  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 14, 2013, 06:24:15 AM
I'm interested in purchasing a largish number of shares (100's) if there's anyone who would prefer an off-market exchange to avoid slippage. PM me.

Have you tried the auction forum?
https://bitcointalk.org/index.php?board=73.0
320  Economy / Speculation / Re: To who whined about early adopters that bought cheap coins: now coins are cheap on: April 13, 2013, 01:48:29 PM
If you're in for the long haul (which you should be) then either bitcoin goes to the moon or it goes to zero.

Any drop in price should be greeted with celebration, as it's a chance to buy more. 
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