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461  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 10, 2013, 12:39:29 AM
The financials of ASICMINER are pretty opaque ( Sad ) however I'm thinking that the recent run-up in the price of bitcoin should be a good thing for the size of the dividends.

My logic is that most if not all expenses are in fiat.  Increasing exchange rate means less bitcoins need to be converted to fiat to pay bills (electricity, rent, hardware costs etc), leaving more for dividend payments.

Would be awesome if we had more detailed financials.

+1

We have reached such a financial impact here that all investors deserve to get a full financial report.
462  Local / Biete / Re: Avalon ASIC Mining - Gemeinschaftsprojekt 255 GH/s || Keine Anteile mehr zu kauf on: April 10, 2013, 12:21:21 AM
Es gibt keine Anteile mehr

3 Anteile wurden nicht bezahlt - die werde ich Versteigern.

Allerdings erst nachdem die Geräte da sind und die erste "Auszahlung" an die Teilhaber gezahlt wurde. Dadurch verspreche ich mir ein Höchstpreis in der Versteigerung.

Benutzt Du unbestimmte Artikel (über die Großschreibung und Zeichensetzung sehe ich jetzt mal hinweg) andauernd falsch, weil Du Deine Herkunft oder Deinen Intellekt verschleiern willst? Oder bist Du echt so ein Asi (was ich aufgrund der Qualität Deiner Postings und Deiner Unternehmungen einfach nicht glauben kann)?

Aber "Dadurch verspreche ich mir ein Höchstpreis in der Versteigerung." ist einfach nur Gosse. Das Höchstpreis? Ich habe viele Deiner Beiträge gelesen. Und das taucht immer wieder auf.

Genau wie Satoshi in seinen Postings - versuche ich auch mein Schreibstil ständig zu verändern. ;-)

Plane Woche nächste sprechen Yoda wie.

Mit "mein Schreibstil" hast Du Dich leider disqualifiziert, daß ich in eines Deiner Projekte investiere. Gossen-Talk, und ich kann einfach nicht anders, als das zu dissen. Ich wünsche Dir dennoch viel Erfolg bei Deinen Unternehmungen!
463  Local / Biete / Re: Avalon ASIC Mining - Gemeinschaftsprojekt 255 GH/s || Keine Anteile mehr zu kauf on: April 09, 2013, 09:09:01 PM
Es gibt keine Anteile mehr

3 Anteile wurden nicht bezahlt - die werde ich Versteigern.

Allerdings erst nachdem die Geräte da sind und die erste "Auszahlung" an die Teilhaber gezahlt wurde. Dadurch verspreche ich mir ein Höchstpreis in der Versteigerung.

Benutzt Du unbestimmte Artikel (über die Großschreibung und Zeichensetzung sehe ich jetzt mal hinweg) andauernd falsch, weil Du Deine Herkunft oder Deinen Intellekt verschleiern willst? Oder bist Du echt so ein Asi (was ich aufgrund der Qualität Deiner Postings und Deiner Unternehmungen einfach nicht glauben kann)?

Aber "Dadurch verspreche ich mir ein Höchstpreis in der Versteigerung." ist einfach nur Gosse. Das Höchstpreis? Ich habe viele Deiner Beiträge gelesen. Und das taucht immer wieder auf.
464  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 08, 2013, 11:25:06 PM
Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

1. Impossible as there are only full shares. How would the payout of decimals work?

2. Not required. Feel free to by (PT-)shares from your dividend.
465  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 06, 2013, 02:37:43 PM
I dont think that it makes sense to deploy TH that doesnt hash because of difficulty because the next difficulty is calculated from the average hashing from the last. So at this time it would be a disadvantage only to have asics that dont hash because difficulty will rise only a bit less but you could have earned more bitcoins hashing the previous time. So i doubt thats the reason.
I hope it keeps growing...

Are you drunk?

What are you speaking of? Is my english too bad or do you think it makes sense to keep a half TH away from mining only to not push the difficulty too high the next time it rises?

No, it is not your Denglish (I am German, too). Your comment just doesn't make any sense to me, even after reading it for like 20times. ^^ Maybe I am just too stupid... :/

May I translate?

He's saying that he doesn't see any sense in holding back deployment of hashing power until after the next difficulty bump, with the intent of _not_ increasing difficulty.  The reasoning is that the difficulty adjustment is based on the entire 2016 block period, so a network hash rate bump in the last day or two would not have a significant effect on the size of the bump.  And the conclusion is that we'd (asicminer shareholders) would be better off if hashing power were deployed as soon as it was available.

I haven't done the maths, but my gut tells me if network hash rate was constant but for our new power then this would be not be true - we would be better off deploying after the bump.  However in the face over a variable hash rate other hashing power being deployed across the network, I think his argument makes sense.

Thanks... you interpreted it correctly. My writing was really a bit confusing... Smiley
I think that 0.5TH mining for some weeks will have a very slight impact for a higher difficulty next time. Even if you would mine with that lower difficulty later the higher earnings will be lower than the earnings you would have earned while mining the 2 weeks with 0.5TH.
And @vortex1878... this was an answer to:
And I think friedcat said that they've deployed 0,5TH "extra" which is not hashing due to network difficulties.
which implied to me that friedcat could hold back hashpower to get a lower difficulty next time. But when i read it again i see what memvola meant. JimiQ48 spoke about the network problems asicminer had that prevented them from deploying more hashpower. Misunderstood this...

NOW I get it. Peace. Smiley
466  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 06, 2013, 01:25:49 AM
No, he did not say what you are trying to "translate". It all still does not make any sense. I also don't care if you are both the same person or not. But for sure you both (or one) are plain idiots trying to get some attention - hero members or not -I don't give a flying fuck.
ASICMINER has to get some more hashes ready to catch up.
Don't get me wrong - performance so far was awesome, and I am truly appreciating that. Thank you!.
But reading of idiots who do not have anything to say but blablabla just freaks me out...

You need to take your happy pills, and back away from the keyboard for an hour.  Nothing that has come before deserved this kind of hostility. 

Read above.
467  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 06, 2013, 01:10:18 AM
I dont think that it makes sense to deploy TH that doesnt hash because of difficulty because the next difficulty is calculated from the average hashing from the last. So at this time it would be a disadvantage only to have asics that dont hash because difficulty will rise only a bit less but you could have earned more bitcoins hashing the previous time. So i doubt thats the reason.
I hope it keeps growing...

Are you drunk?

What are you speaking of? Is my english too bad or do you think it makes sense to keep a half TH away from mining only to not push the difficulty too high the next time it rises?

No, it is not your Denglish (I am German, too). Your comment just doesn't make any sense to me, even after reading it for like 20times. ^^ Maybe I am just too stupid... :/

May I translate?

He's saying that he doesn't see any sense in holding back deployment of hashing power until after the next difficulty bump, with the intent of _not_ increasing difficulty.  The reasoning is that the difficulty adjustment is based on the entire 2016 block period, so a network hash rate bump in the last day or two would not have a significant effect on the size of the bump.  And the conclusion is that we'd (asicminer shareholders) would be better off if hashing power were deployed as soon as it was available.

I haven't done the maths, but my gut tells me if network hash rate was constant but for our new power then this would be not be true - we would be better off deploying after the bump.  However in the face over a variable hash rate other hashing power being deployed across the network, I think his argument makes sense.

No, he did not say what you are trying to "translate". It all still does not make any sense. I also don't care if you are both the same person or not. But for sure you both (or one) are plain idiots trying to get some attention - hero members or not -I don't give a flying fuck.
ASICMINER has to get some more hashes ready to catch up.
Don't get me wrong - performance so far was awesome, and I am truly appreciating that. Thank you!.
But reading of idiots who do not have anything to say but blablabla just freaks me out...
468  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 05, 2013, 11:57:34 PM
I dont think that it makes sense to deploy TH that doesnt hash because of difficulty because the next difficulty is calculated from the average hashing from the last. So at this time it would be a disadvantage only to have asics that dont hash because difficulty will rise only a bit less but you could have earned more bitcoins hashing the previous time. So i doubt thats the reason.
I hope it keeps growing...

Are you drunk?

What are you speaking of? Is my english too bad or do you think it makes sense to keep a half TH away from mining only to not push the difficulty too high the next time it rises?

No, it is not your Denglish (I am German, too). Your comment just doesn't make any sense to me, even after reading it for like 20times. ^^ Maybe I am just too stupid... :/
469  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 05, 2013, 11:31:28 PM
Maybe. Depends probably what they meant with datacenter. It would be cool if deployment now can move on without limits and the auction could be stopped. Though i think even when there are no limits now the competition is still too behind that asicminer could go full in. So the auction will remain topic for some time...

It looks that you're right after all. Hashrate stopped at 7TH/s. And I think friedcat said that they've deployed 0,5TH "extra" which is not hashing due to network difficulties.

I dont think that it makes sense to deploy TH that doesnt hash because of difficulty because the next difficulty is calculated from the average hashing from the last. So at this time it would be a disadvantage only to have asics that dont hash because difficulty will rise only a bit less but you could have earned more bitcoins hashing the previous time. So i doubt thats the reason.
I hope it keeps growing...

Are you drunk?
470  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: April 04, 2013, 12:04:35 AM
mtgox is so pathetic. Watch out - I will have a fair and reasonable priced exchange up soon.
In Dubai. Laugh if you want. It will take me some time but I will be up and running before mtgox will have got rid of their lags.
471  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: April 01, 2013, 10:50:08 PM

43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8  $/GH).



How did you come to that second number of 1.4 BTC/GH?

Sorry that you are not capable of 5th grade mathematics.

What's the current cost in terms of BTC/GH and USD/GH for ASICMINER? I tried to do some quick calculations, but my numbers are so off I must be missing something.

Current Hash Rate: 6500 GH (??)
number of shares: 400000

0.01625 GH/share
0.7 BTC/share
43.077 BTC/GH (4393.846154 $/GH) @ 102$/BTC

Is that right???

Even projecting out to 200TH it's 1.4 BTC/GH (142.8  $/GH).


Compared to:
Avalon ~ 1.17 BTC/GH
BFL ~ $20-22/GH (~ 0.2 BTC/GH)
100TH ~ 0.3 BTC/GH

Of course BFL and 100TH are not currently hashing yet. However, BFL might ship en mass in about 1 month. 100TH isn't projected to hash until July, so understandably they have a much lower valuation...in addition to the fact that they are much higher risk due to not having produced working hardware yet.

What other factors are you guys taking into account when trying to price ASICMINER shares? Shouldn't the value of shares drop off significantly over time as more and more players come into the market (assuming AM % of global hash rate goes down)?  Personally, I'm expecting around 1PH/s total hash rate at year end with diff just under 150M.

flame on  Grin


disclaimer: I sold at 0.65.

Your calculations are right. But you miss the point that you actually have to OWN (either a share of e.g. ASICMINER or a mining device).

That is why the current price for an ASICMINER share is adequate (or probably pretty much undervalued imho).
472  Economy / Gambling / Re: BitcoinSports.eu - Bitcoin Sports Betting - Best Odds & Largest Bet Selection on: March 30, 2013, 04:39:22 PM
I placed my first bet today and fortunately won. Smiley

I have been worried because till the end my bet was showing as "pending" (even after 16 network confirmations of my transaction).

Nevertheless the payout came almost instantly.

I suggest to change the status from "pending" to "confirmed" when the transaction has received a certain amount of confirmations.
473  Bitcoin / Hardware / Re: My Beef with BFL (Constructive Criticism Only) on: March 29, 2013, 05:21:09 PM
I care about bitcoins and frankly even though I have  asics on order the problem is not bfl asicminer or avalon.  It is the bitcoin developers they allowed this to happen by allowing preorder system.  They simply could have banned asics until a seller had them built.  Instead they put all the risk on the miners.

Can you elaborate this statement, please? How exactly could the bitcoin developers have banned any specific payments or mining devices?
474  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 27, 2013, 10:08:14 PM
To get an idea about the next dividends, check the google spreadsheet and also consider the next Th/s to be deployed in the future.

i could be wrong, it is just a guess, but i didnt forget about last Sunday,  monday tuesday wednesday = 3 days. 0.003775 / 3 is divident for a normal day, that times 7 would be for a normal week , in my basic logic, im sure im forgetting about other stuff, like the part that has been invested and such.. ,  but yeah, it is just a guessing game.. maybe i should not try to predict these things  Roll Eyes

No offence. Smiley I am just saying that the Sunday dividend paid back the balance of the initial investment of 0.1 BTC. So probably there was some profit left. Plus we do not know how much was invested of the profits. So it is just all speculation. We can get an idea of the earnings from e.g. the spreadsheets and speculate even more about the future dividends.  Wink
Please stop your guessing games, until friedcat had a chance to explain the dividend key (distribution+retained) for the future dividend payments. There are too many unknowns right now.

+1
Exactly my point.

And friedcat should really provide the dividend key and financial statements (not only to board members). This is essential for transparency and to attract future investors - which is in the interest of both bitfountain and ASICMINER shareholders.
475  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 27, 2013, 08:10:11 PM
if I can guess, it would be approximately 0.008 btc divident for a normal week, or a little bit more.

(0.003775/3)*7 = 0.0088

and I read they invested some of this and next weeks divident into their progress, so it would be the week after next week to see this normal 0.0088 divident / share, is a low estimate because I dont know how much has been taken to invest, which can be added again the week after next week

ps. it seems to be a slow transaction, not yet confirmed, I've other transaction made later, that are confirmed 5 times, and the number of shares in satoshis is also confirmed (12 confirmations) , or is this a blockchain.info glitch?   Will be okay in some time I'm sure, just curious what it could be.

Completely wrong. You are forgetting about the dividend that was paid last Sunday. My point is that probably not all was paid out.

To get an idea about the next dividends, check the google spreadsheet and also consider the next Th/s to be deployed in the future.

i could be wrong, it is just a guess, but i didnt forget about last Sunday,  monday tuesday wednesday = 3 days. 0.003775 / 3 is divident for a normal day, that times 7 would be for a normal week , in my basic logic, im sure im forgetting about other stuff, like the part that has been invested and such.. ,  but yeah, it is just a guessing game.. maybe i should not try to predict these things  Roll Eyes

No offence. Smiley I am just saying that the Sunday dividend paid back the balance of the initial investment of 0.1 BTC. So probably there was some profit left. Plus we do not know how much was invested of the profits. So it is just all speculation. We can get an idea of the earnings from e.g. the spreadsheets and speculate even more about the future dividends.  Wink
476  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 27, 2013, 07:55:47 PM
if I can guess, it would be approximately 0.008 btc divident for a normal week, or a little bit more.

(0.003775/3)*7 = 0.0088

and I read they invested some of this and next weeks divident into their progress, so it would be the week after next week to see this normal 0.0088 divident / share, is a low estimate because I dont know how much has been taken to invest, which can be added again the week after next week

ps. it seems to be a slow transaction, not yet confirmed, I've other transaction made later, that are confirmed 5 times, and the number of shares in satoshis is also confirmed (12 confirmations) , or is this a blockchain.info glitch?   Will be okay in some time I'm sure, just curious what it could be.

Completely wrong. You are forgetting about the dividend that was paid last Sunday. My point is that probably not all was paid out.

To get an idea about the next dividends, check the google spreadsheet and also consider the next Th/s to be deployed in the future.
477  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 26, 2013, 09:44:04 PM
Right now you can get up to 940 shares at 0.70 each just based on the asks.  Seems like a bargain to me.

Imho that is a market maker. Look at the trade history. Look at how many of the initial 940 shares for sale @ 0.7 were actually sold (or even for less), and how many are left...

Chill out! ^^
478  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 26, 2013, 04:07:19 PM
So it's exactly as I've written it - there are 400k shares, 250k owns Bitfountain and 150k is owned by smaller investors.

Look up the definition of "exactly" and spare us, please.  Lips sealed

Introduction
ASICMINER is a virtual identity totally held by investors of the Bitfountain company. The Bitfountain company's business includes mining with self-built ASIC devices, as well as the sales of them. Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares.

Now im wondering about these numbers. I might remembering wrong but i believe the last stats at glbse showed around 145xxx shares sold. Something around that. Now its 163,962 shares. Are the difference the shares that werent traded through glbse? Then thats probably the foundation of the confusion about the real amount of sold shares.

Only friedcat (whose updated OP I quoted) can answer that.

But apart from the exact numbers the most relevant and interesting point imho was raised by gmouse:

re: the approximately 46K share that remained unsold after the IPO.  Are these considered a current asset of the company that, should they be sold, the proceeds from which will also be distributed to current shareholders?

Also this can only be answered by friedcat as I cannot find it defined anywhere.
479  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: March 26, 2013, 03:38:58 PM
So it's exactly as I've written it - there are 400k shares, 250k owns Bitfountain and 150k is owned by smaller investors.

Look up the definition of "exactly" and spare us, please.  Lips sealed

Introduction
ASICMINER is a virtual identity totally held by investors of the Bitfountain company. The Bitfountain company's business includes mining with self-built ASIC devices, as well as the sales of them. Currently ASICMINER shareholders holds 163,962 shares, while Bitfountain shareholders holds 236,038 shares.
480  Economy / Service Discussion / Re: Escrow list on: March 23, 2013, 08:00:06 PM
+1 for Graet.

Quick and professional. And free of charge (tip doesn't harm though...).

Thanks a lot. Smiley
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