Reiterating my previous offer with better conditions :
I am swapping 3 Avalon units (1xbatch#1,2xbatch#2) with 500 ASICMINER-PT full shares. Anyone up for it ?
My batch 1 already paid out about 150 btc and i'm currently mining at about 0.215 Terahash/sec, getting 8.15 bitcoin daily.
According to my calculations and what i've gathered from other sources, these units should be able to mine at least 400/500 btc roughly before the difficulty goes through the roof.
Looking for constructive criticism, and offers if there are any. People interested can also PM me. Units would be available for local pickup in Europe or an escrow with a hero member of your choice.
Cheers
Delaria
I really do hope you find someone to trade for yor devices and soon. Peopl are staring to realize just part of the potential of AM shares. Because if you're buying into AM shares, you're buying a percentage of all mined AM blocks for the next couple years. I am very biased towards AM right now because hardware right now seem like mining bonds (diminishing returns), whereas ASICMiner is a sustained, scaling source of income (barring Armageddon/govt intervention). The only way Avalon/BFL could match is to send a module every couple of months to upgrade your hardware. (flawed analogy but you get the idea). Plus you get a cut of profit from hardware sales, pretty sure Avalon/BFL isn't doing that. Thank you, but don't forget that the AM share price can go down as well, and there are a ton of other risks to consider, primarily rampant competition ( in the medium/long term i believe serious ASIC operations will see the light ), plus you can invest (wisely) the proceeds of mining into buying new hardware, possibly bulk Avalon chips, and get them mounted, thus keeping up with the difficulty increase. All valid points also but I guess I'm willing to take my chances with friedcat. See my edit above, are you a large shareholder ? if that's the case, consider the possibility of hedging your risk. Actually, minor shareholder (less than 300) here. |
|
|
|
Reiterating my previous offer with better conditions :
I am swapping 3 Avalon units (1xbatch#1,2xbatch#2) with 500 ASICMINER-PT full shares. Anyone up for it ?
My batch 1 already paid out about 150 btc and i'm currently mining at about 0.215 Terahash/sec, getting 8.15 bitcoin daily.
According to my calculations and what i've gathered from other sources, these units should be able to mine at least 400/500 btc roughly before the difficulty goes through the roof.
Looking for constructive criticism, and offers if there are any. People interested can also PM me. Units would be available for local pickup in Europe or an escrow with a hero member of your choice.
Cheers
Delaria
I really do hope you find someone to trade for yor devices and soon. Peopl are staring to realize just part of the potential of AM shares. Because if you're buying into AM shares, you're buying a percentage of all mined AM blocks for the next couple years. I am very biased towards AM right now because hardware right now seem like mining bonds (diminishing returns), whereas ASICMiner is a sustained, scaling source of income (barring Armageddon/govt intervention). The only way Avalon/BFL could match is to send a module every couple of months to upgrade your hardware. (flawed analogy but you get the idea). Plus you get a cut of profit from hardware sales, pretty sure Avalon/BFL isn't doing that. Thank you, but don't forget that the AM share price can go down as well, and there are a ton of other risks to consider, primarily rampant competition ( in the medium/long term i believe serious ASIC operations will see the light ), plus you can invest (wisely) the proceeds of mining into buying new hardware, possibly bulk Avalon chips, and get them mounted, thus keeping up with the difficulty increase. All valid points also but I guess I'm willing to take my chances with friedcat. |
|
|
|
Awesome Namworld.
How'd you get a Bitfunder API key?
He didn't, that's still in progress. We all gotta keep bugging Ukyo for that feature. |
|
|
|
Reiterating my previous offer with better conditions :
I am swapping 3 Avalon units (1xbatch#1,2xbatch#2) with 500 ASICMINER-PT full shares. Anyone up for it ?
My batch 1 already paid out about 150 btc and i'm currently mining at about 0.215 Terahash/sec, getting 8.15 bitcoin daily.
According to my calculations and what i've gathered from other sources, these units should be able to mine at least 400/500 btc roughly before the difficulty goes through the roof.
Looking for constructive criticism, and offers if there are any. People interested can also PM me. Units would be available for local pickup in Europe or an escrow with a hero member of your choice.
Cheers
Delaria
I really do hope you find someone to trade for yor devices and soon. People are staring to realize just part of the potential of AM shares. Because if you're buying into AM shares, you're buying a percentage of all mined AM blocks for the next couple years. I am very bullish towards AM right now because hardware right now seem like mining bonds (diminishing returns), whereas ASICMiner is a sustained, scaling source of income (barring Armageddon/govt intervention). The only way Avalon/BFL could match is to send a module every couple of months to upgrade hardware. (flawed analogy but you get the idea). Plus you get a cut of profit from hardware sales, pretty sure Avalon/BFL isn't doing that. |
|
|
|
This.
Reinvestment is NOT some silver bullet that will turn a loss-making investment into a profitable one. You can simulate reinvestment by reinvesting your dividends.
Mining bonds/shares typically work by the issuer taking a cut of all generated coins. This cut is taken in one or both of two places:
1. A premium you pay when you buy in. So you pay $X*Y per share when it only costs them $Y - with X being >1.
2. A percentage cut taken out of mined coins.
If (as is the case in nearly all PMBs) those factors combine to make it unprofitable then no amount of reinvestment will change it in a predictable manner (it may increase or decrease your loss). All it will do is make the losses less visible in the short-term - and, in general, increase your overall loss as a percentage of the capital you invest (that's because reinvestment compounds interest - in this case a negative rate of interest).
Now there IS a price-point at which ANY PMB becomes a profitable investment. But just about all of them are priced above that - and it may well be the case that in many operations even without a management cut that point lies below their cost (for a simple example imagine someone selling a mining bond/share based on CPU mining of BTC - even if they didn't make a penny from it themselves investors would lose nearly all thier investment).
The fundamental mistakes investors make are four:
1. Starting with the idea that mining is somehow magically profitable regardless of the detail.
2. Assuming that those selling investments even intend to make a profit for their investors.
3. Assuming that issuers who DO believe they'll make a profit for investors are actually competent to make that judgment.
4. Believing that the price at which something is sold on an exchange is somehow magically linked in some manner to the actual value of that something.
Ignorance and Laziness basically - not understanding the math behind it, compounded by being incapable/unwilling to put in the effort to do so.
+1 |
|
|
|
Is there a site or post somewhere that shows the total that has been paid in dividends and at what point dividends exceeded .1 btc / share?
A bit of shameless promotion |
|
|
|
I would pay that range, but I was under the assumption that I needed to send the btc directly to ASICMiner and not via an escrow.
Thank you for the reply.
Honestly, you don't need escrow with friedcat. He has done more than enough to prove his trustworthiness. Have you checked the the BE sales thread? |
|
|
|
|
There is something inherently sexy with those USB miners in a blue LED light...
|
|
|
|
Current user here.
Margin and short-selling would be nice additions.
Margin and shortselling would expose BF to risk. A better way to do it would be to allow folks with BTC to facilitate those options on BitFunder at their own rates. |
|
|
|
“ For the discussion in the last few days, what we... I could say, is only that our IC design team had achieved fantastic results, as everyone could see and compare, with the most limited funds (barely more than 100k$ raised last August) and most inferior mask-set of choice (130nm which belongs to the antiquity era), and I'm proud of it.” – friedcat Q1 Financial ReportASICMiner has paid out a total of 67,515.09 BTC since first IPO payout on Feb 28th. Listed below are the weekly dividend payouts: 02/28 (IPO) 0.023544 03/06 (IPO) 0.019163 03/13 (IPO) 0.023786 03/20 (IPO) 0.025998 03/24 (IPO) 0.007508 03/27 0.003775 04/03 0.002556 04/10 0.006956 04/17 0.006967 04/24 0.007731 05/01 0.007354 05/08 0.011085 05/15 0.036222 05/22 0.020842 05/29 0.026538 ASICMiner’s revenue has originated from both mining and hardware sales. • Mining income has generated 57,338.24 BTC since the farm has come online. • Hardware sales (from the first three auctions, then Blade & USB sales) came up with the remaining 10,176.85 BTC thus far. [Edit: Numbers originate from BTC mined and profit from hardware sales paid] Part of dividend payments from the week of April 3rd and 10th were reserved for the 200 TH/s mask, 100 wafers, and 50 TH/s batch components. ASICMiner Share Info/ValueOf the 400k shares, approximately 10% (or 40k) shares are currently on passthrus (burnside, DeaDTerra, & TAT). Total dividends paid is currently .23/share. Prices currently average 2.5 BTC a share, roughly yielding 45-55% APY with the most recent dividend of 0.026. For those that bought sub 1 BTC, looking at an ROI of 1 year (assuming constant dividend payout). Those who bought at IPO (0.1/share) are feeling pretty damn good about themselves right now. ASICMiner Hash RateFeb 28th – Apr 25th: 6-7 TH/s Apr 26th – May 4th: 8-16 TH/s May 5th – May 9th: 17-20 TH/s May 10th – May 29th: 19-20 TH/s May 29th – Present: 22-25 TH/s [Courtesy of SmiGueL’s tables and graphs] Projected Key Marks: 50 TH/s in the coming weeks 262 TH/s in the coming months As the hashrate comes online, this will help keep our weekly payouts at a steady rate against the shipping of Avalon’s Batch 2 (and soon to be Batch 3 & BFL’s hardware). Upcoming CompetitionWith other startups like: • BitFury & 100 TH/s • BTC Garden • AMC • DIY Manufacturers/Kits (w/ Avalon chips) • Others not mentioned ASICMiner is in the prime position as industry leader and can remain in first place, so long as friedcat and the other board members take the necessary, calculated steps to keep it that way. While these startups still appear to be very unproven (and everyone has their own opinions about them), some have started to make noticeable steps (Bitfury’s 65nm). Hardware SalesWith Avalon and BFL coming soon TM, investors are starting to wonder if prices will start dropping on current hardware. Bitfountain must now consider (as I’m sure they are) what is the appropriate price point to maximize both profit margin and sales volume. DIY kits will start making their way to folks, providing cheaper alternatives for the mining community. Looking ForwardFriedcat has already mentioned of 2nd generation chip, which appears to have a higher hash rate with lower power consumption. Their implementation into the next generation Block Eruptor Blades and USB will help secure the ASICMiner’s advantage as the ASIC generation matures. As to when it moves from prototype phase to production phase, is anyone’s guess. Until someone else can provide a more compelling product, ASICMiner appears to be “head and shoulders above” the other mining companies. DISCLAIMER: I own ASICMiner Shares. Note: I have little to no background in finances (Biochem here) so any feedback and constructive criticism is always welcome. If there are numbers that are incorrect, please PM me. The remarks and points made are solely my own, and not BitFountain/ASICMiner. If you think I should continue these on a 3 month basis, let me know. Sources:https://bitcointalk.org/index.php?action=profile;u=49840;sa=showPostshttps://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=0https://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24ihttps://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF?sort=1https://bitfunder.com/asset/G.ASICMINER-PThttps://bitfunder.com/asset/TAT.ASICMINERhttps://btct.co/security/ASICMINER-PThttps://btct.co/security/TAT.ASICMINER |
|
|
|
I had a whole reply put together on my laptop and the battery died, so I'm stuck retyping this on my phone.  Here's what happened: Div 1: scheduled Div 1: started processing a minute later Div 1: cancelled (~10 mins after it started processing) Div 2: scheduled Div 1: completed Div 2: completed The cancel failed because the div was already being processed. I have fixed the system so you can now see when a div is in progress and it will not cancel. I have reimbursed TAT for the double div and I have initiated a recovery process whereby anyone that received a double dividend will see a balance reduction of whichever was the lesser of the two dividends. This way no one gets burned if they traded between when the first div processed and when the second div processed. The site's going to lose ~1 BTC on this bug, but hopefully this resolution is as fair as possible to everyone involved. Cheers Props on handling it in a professional way |
|
|
|
looks like burnside just turned on a fee instead
fee? My trades on BTCT.CO in the last few hours have had a fee associated with them There has always been a 0.2% fee for trades... for every kind of trade? I have seen lots of 0% trades.... hm Click on "Trading" tab |
|
|
|
looks like burnside just turned on a fee instead
fee? My trades on BTCT.CO in the last few hours have had a fee associated with them There has always been a 0.2% fee for trades... |
|
|
|
edit: (Over a 30 day period)
If I invest 10 BTC right now into PAMB, I predict a return of:
10 BTC / 1.3 per bond = 769 mh/s; (I know you can't buy partial bonds, this is just a calculation)
Earnings for week one: 0.21 BTC,
followed by week two: 0.21,
diff adjust of 15%,
week 3: 0.1785,
week 4: 0.1785;
total is about .77 BTC in profit. This is of course assuming that the price per bond does not decrease.
*
If I invest 10 BTC right now into ASICMINER, with assumed weekly divs of (just throwing this out there) 0.015 per share and a share price of 2.5 BTC, I would profit roughly .24 btc, assuming there is no decrease in the price per share.
*
If I invest 10 BTC right now into a CoinLender interest earning CD I would see a definite return of 0.1885.
/thought
I'm going to leave this here. friedcat confirms this here. Food for thought. |
|
|
|
waiting for the first one to say its wednesday and i still have not received my divs yet  okay here it is; Why have't I received my divs I am nervous that something has gone wrong Patience, dividends always go out in the next couple hours. Also this: This transaction has to reach 100 confirmations before the transaction can be considered valid to be relayed. It should take, on average, about 4 hours and 20 minutes. |
|
|
|
Firefox says certificate not valid ...
IP is not confirmed ...
beware !!!
Have you tried to go to the site? I just tried it and it seems fine. I have not typed in any info. If you're unsure of the IP address, just wait for TC to confirm. |
|
|
|
I think it's just a DNS problem, The site comes up fine by i.p.
70.34.195.202
Can anyone confirm this to be the correct IP? Confirmed, that is the correct site IP. Pulls up just fine via IP. |
|
|
|
It's in my opinion - though biased since I am invested in AMC - that Mr. Slaughter, albeit strong in what they do (managing a profitable business, design/manufactuer chips?) have never run a public company before, are not underwriters, and/or were not prepared for what was expected. I for one can see past that.
Then again we may all go down in flames... That's to be expected with high risk investments though, and I can deal with being wrong in the off chance that this turns out to be insanely profitable for all parties.
I do NOT want to miss ASICminer 2.0
While Mr. Slaughter has done what he can to show transparency with his companies, a little more info would be appreciated. For instance, this "Major Semiconductor Company" has signed an NDA with VMC/AMC. Could we get the name of the company and very general plans on what is to come from this NDA? Competition is always great for the consumer but I do think that considering AMC as "ASICMiner 2.0" is premature. |
|
|
|
|
Show Posts
