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Is the picture accurate? Are you using 32 chips to get 10GH?
I imagine... 32*.336GH= 10.752GH |
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in the past I've seen the APR sit as high at 30%, so maybe the asset could drop even more if dividends stay at the current percent.
Three months ago, the APR was over 100%. I wonder how much of this has to do with the price of BTC in general.
People cashing out maybe?
Gox $123
Bitstamp $108.62
Campbx $108.87
Btc-E $106.25
Gox is so high because nobody wants to sell their BTC for USD, because they can't withdraw any USD. Not a great barometer. What happened to Gox's bank transfer? They suspended USD withdrawals a long time ago. I hope they add LTC soon so we can arb to other exchanges. They never resumed? If they had, how could there possibly be $15 of arb with CampBX? I don't use Mtgox so I don't actually know, but I can't imagine this situation coming about any other way. Or you could do some research. Withdrawals resumed in July. https://www.mtgox.com/press_release_20130704.html |
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A PCI-E card with two 8-pin power connectors can draw up to 375 W total. 150 W from each of the two connectors and 75 W from the motherboard connector. This will require large fans a la the latest video cards that draw this much power. Well it can't pull any power from the motherboard. BFL claims the product can be connected by EITHER PCIe or USB. So when connected by USB that would mean it isn't connected to motherboard's powerlanes. So either it is going to be three 8 pin PCIe connectors or they will need to run it overspec. No I am not making this up. Yeah, I agree. If I was an AM investor I would be 0% worried about the Monarch (I think more of the Venture Bros. loser supervillain than a butterfly). I'm bearish on AM, sure, but BFL is a tremendous fuckup of a company. Vycid, I agree as well and know you are bearish on AM, but what is your price target? How low does AM have to go before you think it's fairly valued? 1, 2, 2.5, 3? If it's dividends were to stay stable, I think it's undervalued at its current level, but its priced lower due to risk of dividends dropping, which is definitely a possibility. Right now, I think investing in AM (at least new coins) is a gamble on them beating competition to gen 2 ASICs and shipping/deploying them consistently. If they lose, it doesn't really matter what their current dividends are because they will trickle to nothing within a few months. I'd say AM is a Hold at the current time, don't buy or sell until some of the uncertainty of gen 2 chips disappears over the next 2-3 months. |
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or AM franchises
Didn't realize Friedcat was doing that already. Seems really dumb, considering he's only got 7% of the hashrate himself. Yes, I believe he said he was testing it with several trusted parties to get things worked out. That way, when the ~1 petahash of gen 2 chips come in things are ready to go with AM deploying itself and franchising out to others. I don't think it's dumb to plan ahead instead of rushing into untested businesses. |
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Yeah, I remember getting 5 BTC from BitFaucet years ago. It seems silly now, but without things like this I'm not sure Bitcoin would be where it is today. Thank you!
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AM market cap and the total number of bitcoins aren't as related as everyone seems to assume. The market determines the market cap based on what people are willing to pay for it to gain a certain return. Lets say after all 21 million bitcoins are generated, TX fees have somehow reached 25 BTC per block and AM holds 30% of the total hashrate. Each year, a single AM share would pay out .9985 BTC in dividends. If the market was willing to get a 1% return on AM, it cost 98.55 BTC per share and and the total market cap would be nearly 40 million BTC. I know this unreasonable, but I think it shows the market determines the market cap and there is no 21 million BTC hard limit. A better example may be 20% of the total hash rate, 10 BTC per block, and an accepted dividend yield of 5%. AM market cap would be about 2.1 million BTC. So, if there were 10 companies the size of AsicMiner at that time, then no one could buy all 10 companies at once because the combined market caps would be over 21 million. I've created a spreadsheet here that people can play with. It has two knobs for turning (AM hash rate, and Tx fees per block) https://docs.google.com/spreadsheet/ccc?key=0ApG_UykyjHF0dEU2b1B5ZVZTeW5OY3NLTGRYTW9xM3c&usp=sharingEdit: Before people start screaming, I know some of these situations are VERY unrealistic. They are just meant to point out an example. It is impossible that 10 companies have 20% of the total hasrate at the same time  So, second example is not good. But I get your point. Yeah, I meant size in terms of market cap, not hashrate. 5 could all be mining companies and the others could be completely unrelated to bitcoin, just denominated in it. |
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AM market cap and the total number of bitcoins aren't as related as everyone seems to assume. The market determines the market cap based on what people are willing to pay for it to gain a certain return. Lets say after all 21 million bitcoins are generated, TX fees have somehow reached 25 BTC per block and AM holds 30% of the total hashrate. Each year, a single AM share would pay out .9985 BTC in dividends. If the market was willing to get a 1% return on AM, it cost 98.55 BTC per share and and the total market cap would be nearly 40 million BTC. I know this unreasonable, but I think it shows the market determines the market cap and there is no 21 million BTC hard limit. A better example may be 20% of the total hash rate, 10 BTC per block, and an accepted dividend yield of 5%. AM market cap would be about 2.1 million BTC. So, if there were 10 companies the size of AsicMiner at that time, then no one could buy all 10 companies at once because the combined market caps would be over 21 million. I've created a spreadsheet here that people can play with. It has two knobs for turning (AM hash rate, and Tx fees per block) https://docs.google.com/spreadsheet/ccc?key=0ApG_UykyjHF0dEU2b1B5ZVZTeW5OY3NLTGRYTW9xM3c&usp=sharingEdit: Before people start screaming, I know some of these situations are VERY unrealistic. They are just meant to point out an example. |
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EDIT: Any emails or hints as to when those 7 BFL rigs are going to ship? Just sometime soon?
Hopefully soon. This site shows several Single near order order #3277 have been delivered. Maybe within the next week or so?! I'm really not sure how reliable going by this site is though. http://bfl.ptz.ro/ |
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Maybe we should wait on what the next AsicMiner product is. Aren't they supposed to announce a new mini-blade and maybe other upgrades in the next couple days? Edit:More like next couple hours. Anyone think these would be a good idea? ROI looks to be about 3 months. https://bitcointalk.org/index.php?topic=99497.msg2695650#msg2695650rockxie just announced the new&mini blade. Here: http://vdisk.weibo.com/s/Jk4aVnew blade: 10GH/s=18.88BTC Group buy 18.68BTC mini blade: 5GH/s=9.88BTC Group buy 9.68BTC |
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Any news on the BFL or Avalon units?
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I am selling my 60 GH Butterfly Labs Pre-Order from March 21. A brand new order today will cost you $2500 USD, only hash at 50GHs, and you will be at the VERY END of the Pre order line. BFL has started shipping these products. I will let the winner know when the order ships to me, when I receive it, and when it's in the mail to you. I will ship it you you as soon as I receive it. I will ship it anywhere in the US for free using USPS priority mail. It should take 2-3 days to arrive. If you would like to shave a day off of the shipping time, the winner can discuss paying for Express mail. International winners will be shipped in the same fashion, but an extra 1 BTC fee is added (actual shipping could cost up to $160 for international). Info: https://products.butterflylabs.com/homepage/50-gh-s-bitcoin-miner.htmlLet me know if you have any questions. https://www.bitmit.net/en/item/42944-60-gh-s-bfl-single-pre-order-100024796 |
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Probably most of you don't agree, But this actually making me a bit sad I am a long term investor and crashes and low prices are a good thing so I could get more shares. This way I would have just to lurk and yawn. I am a long term div guy  +1 I also made a "mistake" trying to diversify and sold some AM shares to pick up a some AMC. Luckily I got most out of AMC at nearly no loss, but I missed a .6 per share gain on AM. :-/ AMC just might be legit, but once I realized AMC and VMC were owned separately and the IPO price can be changed as people buy in, I got out. |
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How many of the shares on btct.co are still being offered by COGNITIVE? I assume it's most of the shares offered at BTC.615 or BTC.62.
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Bump. Lowered Price to BTC.8!
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I vote yes.
Are the coins we have earning interest in any way? Such as using CoinLenders, bonds, or AM shares?
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Bump. Lowered price to BTC1.6. PM me.
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Heh.
Request to make a motion for a full BFL refund, and another to just auction off the entire preorder.
Sadly this is not in our best interest, because they will refund in USD when we paid in BTC. I will be happy to raise a motion to auction off the remainder of the BFL hardware. Can someone second this here before I raise the motion? Please raise a motion to auction off BFL hardware pre orders. This seems like a bad idea to me. BFL has begun shipping Singles and we still have 7 upgrades on order right from very early on, right? What was the order number again? I don't think there is a better alternative than just waiting on BFL at this point - maybe hedge with some AsicMiner shares? Edit: Oh... Read the whole thread. https://bitcointalk.org/index.php?topic=236794.msg2515499#msg2515499 |
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