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5641  Economy / Scam Accusations / Re: Ukyo G.ASICMINER-PT fraud. on: October 29, 2013, 04:50:27 PM
Dont want to start FUD but why are withdraws from weexchange not processed? Before it worked instantly, now i wait since a day.

Grats, Welcome to the party, News about this all over the place even on redit! BTW now you cannot even log in.

Im still logged in and dont see problems inside. So its something with the login only.

I even cant cancel the withdraw so that i could buy shares to secure my bitcoins this way...
5642  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 29, 2013, 04:44:07 PM
Estimate timelines cannot be under the NDA you signed this much is true at the very least.

And even if they were... wheres the problem speaking with eASIC and negotiate what can be released to shareholders now? The NDA is between those two only. So they can say what can be released.
I mean eASIC is having its trust in the game too. Waiting time without info is not good for anything.
5643  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 29, 2013, 04:39:37 PM

Thats not correct. When it was at 4.5BTC the shareprice was so high that it had a 30% annual profit. Now the shareprice again is 30% of the annual return the divs are bringing. So no, the shares werent overpriced back then. Otherwise it would mean the shares are overpriced now too.


That's a shortsighted view: back then it was obvious that ASICMINER wouldn't be able to maintain its network share indefinitely without eating the profits to reinvest. The value of a share shouldn't be linked to the short-time dividend history but take their future evolution into account (after all past dividends have zero value for someone buying shares, only future ones do).

The question today is if ASICMINER will be able to raise its future dividends. The last ones were nearly 100% mining income and 0% hardware sales. As they are on the path to gen2, if there's no accident obviously in the future they will raise hardware sales and maybe mining income too.

This is why I think it made sense to sell at 4.5 and it makes sense to buy now. Basing sell/buy decisions just on the last dividends is a recipe for losing bitcoins in my opinion.

Right... shareprice should look different... but you can see its relatively strict connected to the divs. And i think its not a miracle why this is the case. Friedcat is relatively silent and this means doubts. Of course we can think it will jump to 2BTC soon... we only dont know.

And even if its relatively certain... selling now could still make sense because we dont have a clue if the price wont drop to 2.5btc soon. A loss never could be made in by divs in the short time. That means one could buy the double amount of shares then. (Except big shareholders of course.) But the small traders "make" the prices and the orderbook is way too thin.

When i look at the market... Asicminer is at 0.64BTC and ActiveMining at 0.0008BTC. They both work on 28nm process node if im not mistaken. Both have shown in the past that they can do IPO's though friedcat is the only one that has shown he can bring out ASIC's. Asicminer has 400,000 shares while ActiveMining has 10,000,000 shares. Thats 25 times more. So ActiveMinings Price compared would be 0.02BTC to get the same percent of the company like one asicminer share has. Both have relatively good chances to succeed but only the divs keep asicminer's share price high.

If the shareprice really would be set because of future grows then activemining should be valued way higher i think.
5644  Economy / Scam Accusations / Re: Ukyo G.ASICMINER-PT fraud. on: October 29, 2013, 01:46:07 PM
Dont want to start FUD but why are withdraws from weexchange not processed? Before it worked instantly, now i wait since a day.
5645  Economy / Securities / Re: [Fund] Exchange Rate Differences: Arbitrage Opportunites on: October 29, 2013, 01:11:43 PM
Wanted to add... all these games are limited to a point since the opportunities are limited. So i guess it might work for someone but as soon as you want to collect money through an IPO you will get fast to the point where the offers at mtgox or the offers at the other exchange arent big enough to make a considerable win. The orderbook only contains mostly no big amounts of bitcoins at good prices. At least it will lower the win.
5646  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: October 29, 2013, 01:06:40 PM
As someone who has invested 13 btc in 100TH...i still must view this from a business perspective.


.02 to .04 btc buys 178 MH/s right now.

Even if they get 200 TH/s; 1 share will only get ~385 Megahashes/sec.

It will take 120-365 days to make ROI of .02 to .04 btc.


The 200 TH/s mine will need to go 500TH/s to compete with competition such as Avalon and Asicminer who are doing their very own server farms.

@ 200Th/s and with the current fees and block generation; this mine is not very profitable at the moment.

Didnt you forget the div-updates? http://mining.thegenesisblock.com/

What do you mean div-updates?   difficulty increase or the dividends update?  You have me confused.

Oh right... of course i meant diff-updates... Smiley
5647  Bitcoin / Hardware / Re: [Work in progess] Burnins Avalon Chip to mining board service on: October 29, 2013, 01:05:26 PM
Burnin,

You have 240 of my chips from Zefir batch 3, which still shows up as 'Processing'. I emailed you several times and gave me vague responses as to when my boards would be assembled. I would like to have my order refunded and my 240 chips shipped to me ASAP, because unfortunately you cannot hold your timeline. I understand the Avalon debacle screwed you over, but now you are screwing those of us with incomplete orders. My patience has dried up, I placed an order on 7/31 and no updates to it since then. I applaud your efforts and congrats to everyone who got their units, but at this rate, I will not accept assembly that is already a month behind and already 3-month behind schedule. Thanks for trying at least.

Not speaking for burnin but i believe all ordered boards already were built. He now ships the miners as soon as they reach him from the assembler, after the assembler tested the unit.
5648  Economy / Securities / Re: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] on: October 29, 2013, 01:02:23 PM
All of our Klondikes have been received and we are in the process of getting them up and hashing.

We expect that each Klondike will hash at ~5 GH/s for a total of ~340 GH/s increasing our total hashing power to ~770 GH/s.

Of course, this is not what we expected by this time to be hashing after we ordered 20,000 Avalon chips @ 5.64 TH/s which did not arrive at the stated time and had to be refunded.

Thanks for the info but please say something about the real target of this security. I mean you cant be sued for vague info. And i even dont see how someone could sue you for saying that in week x you probably will be able to start mining with x TH.
5649  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 29, 2013, 12:52:54 PM
I would like to ask friedcat too that he is releasing infos in this thread or in the rep-forum. I guess if a chinese girl can ask him then most probably there is someone in rep-forum who can ask friedcat too so we get the infos fast.

I guess infos first given to big shareholders is not a problems since where should they sell 5000 shares fast? I dont see how.



If I were in friedcat's position I would do exactly what he seems to do:
- keep hashing with existing hardware that has already been paid for multiple times,
- research new hardware tech to be ready to put it online ASAP,
- keep selling what customers want to buy and maybe install what is not selling quick enough/is partially defective in the mine to avoid wasting it.

Though the divs obviously show that the sales arent so great. So either he should order more chips to sell them or mine with them. Self mining at least has the advantage that its a relatively constant income stream.

He probably only complained because the divs... If we still would have the nice divs we once had the shareprice would be still high and no one would complain. Though the selling seems not to work too good and mining isnt built up.
Though it may be that deploying more own mining is a big work with not good return now since the old tech means way more work at deploying then newer chips mean.



I hope everyone purchased more shares now that they are cheap*, because as the following numbers may break some bear spines.. Grin Grin

To put the ASICMINER financial report in some perspective:

...

Like ex-trader wrote... that includes hardware sales. Would you treat other miner selling companies like this you probably would get a network hashrate a multiple as big as it is really.

What i would like to know... when we had 30% of the network hashrate... we sold miners too... i guess if you calculate it your way we easily could have 100% of the total network at that time.



The share price has nothing to do with whether they maximized profit. AM got way overvalued because it was for a while the only ASIC company with a good reputation that you *could* invest in. The correction was inevitable.

Thats not correct. When it was at 4.5BTC the shareprice was so high that it had a 30% annual profit. Now the shareprice again is 30% of the annual return the divs are bringing. So no, the shares werent overpriced back then. Otherwise it would mean the shares are overpriced now too.

5650  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: October 29, 2013, 12:28:36 PM
At these prices Return on Investment is 3-6 months at current hash-rate. Are you guys seriously complaining about this? Let me guess you want returns of 2 weeks? My some people sure are greedy lol.

Your assumption only would be right if the diff wouldnt grow anymore from now on. Use: http://mining.thegenesisblock.com/
5651  Economy / Service Announcements / Re: WeExchange on: October 29, 2013, 11:58:02 AM
I wait for my 158BTC since a day now... normally withdraws were processed instantly. Whats wrong?
5652  Economy / Securities / Re: [PicoStocks] 100TH/s bitcoin mine [100th] on: October 28, 2013, 08:15:13 PM
As someone who has invested 13 btc in 100TH...i still must view this from a business perspective.


.02 to .04 btc buys 178 MH/s right now.

Even if they get 200 TH/s; 1 share will only get ~385 Megahashes/sec.

It will take 120-365 days to make ROI of .02 to .04 btc.


The 200 TH/s mine will need to go 500TH/s to compete with competition such as Avalon and Asicminer who are doing their very own server farms.

@ 200Th/s and with the current fees and block generation; this mine is not very profitable at the moment.

Didnt you forget the div-updates? http://mining.thegenesisblock.com/
5653  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 28, 2013, 07:45:36 PM
Does someone know whats the percent of the div friedcat is keeping each week? I mean we are at 30% annual return at the current shareprice. If he holds back 50% each time it would mean selling now could be an error since the divs might double soon when he stops keeping back reinvestment costs.
5654  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 27, 2013, 08:08:33 PM
What about the board members? Friedcat not around there too? It worked 2 times so far that board members created a post for friedcat and he posted it here. So he safed time. Now its silence again since a long time. It really looked promising when they started it.
5655  Bitcoin / Hardware / Re: [Work in progess] Burnins Avalon Chip to mining board service on: October 27, 2013, 04:10:49 PM

Burnins psu can power 2 boards easily... even 10 bbxx overclocked to 450mhz.

You terminated the boards correctly with 2 jumpers each on both ends of the stacking cable? Did you build the stackingcable correctly?

As i only have 2 boards together, they are both terminated like burnings FAQ.
And burning supplied the cable.

I bought everything to remove any chance of my fucking it up =)

Thats strange. Maybe try firmware upgrade in case an old one is running. Are both boards powered the same way? Maybe try changing the power cable from one to another just in case its the cable or the output from psu for that cable is broken. But when it works when you use it with 2 usb-cables instead stacked then i dont know whats the reason.
5656  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: October 27, 2013, 12:40:56 PM
103BTC dividends paid till now.

Only 6897BTC more before we see a profit.

I would have to wait for way more... since the shares i still own were bought for a way higher price than ipo... Smiley

But its moving something... thats more interesting than it was before... anyway... when some guys manage to kill labcoin... SAM... contact me... if you have your own asic ill invest with you and i know more guys that want to. No security and the connected risks needed. No need to let the developed asics die... if there are any.
5657  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: October 27, 2013, 12:29:18 PM
103BTC dividends paid till now.
5658  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: October 26, 2013, 09:16:21 PM
We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345




10,000,000Mh/s / 10,000,000 shares = 1Mh/s/share - If it's stable

EDIT: (more math)

1GH/s = 0.00129 BTC/day at current diff
1MH/s= 0.00000129/day
assuming diff adjustment of 30%/10days: 1year payout for 1MH/s = 0.000043 (Geom series of 70% n=35)
Current Ask ~ 0.0004BTC

Not making any recommendations 1 way or another but theres the math for anyone who want to use it.

Might be right only in case the same percent of the network can be hold through each diff update.
5659  Economy / Securities / Re: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated on: October 26, 2013, 08:47:55 PM
We've finally deployed about 10 TH/s of stable hashing output.

Here is the guest account for http://ghash.io, username : labcoin2 password : 12345

Can you please explain what will happen next? Chips in order, deployment dates and so on? Thanks!
5660  Local / Deutsch (German) / Re: Breaking: Silk Road geseizet, Betreiber verhaftet on: October 26, 2013, 08:44:49 PM

 Die werden die bei einer Auktion verkaufen und fertig.
Ist das so? Verkaufen die es nicht auf einer Börse?
Wäre mal cool wenn die es zB auf MTgox verkaufen und die Japaner es denen dann nicht auszahlen würden.

Auf einer Börse verkaufen würde bedeuten die verlieren sehr viel Wert da sie entweder sehr schlechte Angebote annehmen müssen oder den Preis drücken würden. Ergebnis könnte ein nicht kleiner Crash sein.
Da Bitcoins kein normales Geld ist was sie einfach nutzen können wird es wie alle anderen Wertsachen behandelt... versteigert.
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