Vergesst die Schweizer. Die leben in ihrer Alpenfestung, wie die Hühner auf der Stange und leiden unter Paranoia, dass ihr vom Ausland abhängiger Wohlstand wegfällt - berechtigt.
Würde trotzdem erstmal zu einem (kleinen) Preiscrash führen... was ich nicht mögen würde. |
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I remember that german stocks that wanted to find their fortune in USA-exchanges not always did well. Though they couldnt get out of the us. Because they are bound to us-law as long as a us-citizen owned a share bought from that usa-venture. Though... usa-citizens could easily buy german securities before too... at german exchanges. That did not lead to these stocks falling under US-Rules. Only when they were traded on their exchanges.
So now this reminds me on the ongoing question. If a us-citizen is buying stocks at a german exchange and this doesnt mean the security falls under us-law then. So why should this be different for a chinese exchange then?
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I just stumpled upon this post here and I just had to ask. You two are intellegent Bitcoin involved people for such a big transaction WHAT ARENT YOU USING SIGNED AND ENCRYPTED MESSAGING?
Do you have any idea how emailing work? .............................
I understand him trying to score some coins I am not saying it is cool.
Did you read what this was about or do you mean someone different than me? Yifu announced a form where buyers of avalon chip batches could ask for a refund. Anyone could use it and enter the ordernumber and a bitcoin address to pay the bitcoins to. candoo tried to get refunds for batches of my groupbuy. I then got an email from yifu asking me if that refund request was legit. Nothing i could change here since Yifu offered that form and asked by email. I believe he later created a more safe form. Though i think no one was able to exploit the old form. Though it might be possible if someone was hastely and happy about refunds answering yes. |
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If Ken succeeds at a) delivering a reasonable product to market which sells well, b) develops an exchange with some depth that allows for trading c) puts aside a few machines for ActM to mine d) continues to pay out dividends and increases the dividends accordingly, I will hunt Ken down and buy him the best steak which can be bought in a Missouri steak house and will thank him personally. And that is not a threat, that is a promise. Also, I will buy a steak for myself and will join him in dinner.
Good idea. I'll join you guys. Let's make sure this all works out. Yes, lets do that. Edit: I am doing everything in my power to make this work out. I think its pretty normal that Asic-Projects have delays. But i dont understand why you dont communicate anything regarding the project. I mean do you have to pay a fine when you say something? I mean you understand why people are emotional when appointments arent met and the issuer isnt communicating about that? Too many bad things happened with this behaviour. |
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Guys please be realistic. Friedcat used this IPO to get funding for his asic hardware, because he didnt want to take all the risk for a bank loan. He already paid back the investment and multiplied it by 40 or more.
Pretty sure he is angry that he has to paay so much for a loan and as we all have hardly learned - NO ONE is giving awayy free money. And in fact thats what he did the last months..
It is not in his interest to keep this IPO alive. He is a multi millionaire already and the 110nm chips are still profitable..
Do you guys really think he couldnt find enaugh franchise partner to host them? I bet there a dozens of partners who would like to host as many board as he can gives them.
Thats not how i learned how friedcat works. He never showed a sign of such behaviour. Though... you never can look into a person. Right? candoo? Anyway... till not shown otherwise i will trust friedcat since he didnt give a sign that i shouldnt. |
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THX guys for help. It was USB HUB. Aster few hours: BTB 0: 57/ 57C 1348mV | 57.17G/50.32Gh/s | A:109722 R:1306 HW:24 WU:703.2/m Looks like you use an old cgminer version. You might update though im not sure anymore if kano implemented something for better speed of btb. He did for sure the problem is, that my old working till now distro is not up to date, and compiling newest cgminer is impossible. BTB works nice @430 (@450 i`m getting just 30Ghash wit 6 units) and i`m having 50-51Ghash witch is ok for me. I have a similar problem with miners i host for a user. My own miners and other miners i sold directly to another user are running fine at 450mhz. But these miners here not. Im now down to 430mhz and they rund faster each time in lower mhz. I dont know why. The 2 psu should mean enough power. And 3.5 miners running before had the same problem. So the only thing i can think of is that it might be different power supply parts on the board? Or are the newer cgminer-versions negative? I really dont know. |
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That will be burdensome to the bitcoin network if it gets implemented.
I believe OT and bitmessage are independent from the bitcoin network. Bitcoins only can be implemented as a currency thats used. |
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you mean the "Holy Grail" Open Transactions + BitMessage system?
Might be... unfortunately i put much time into it without successfully being able to use it... Though i think OT is more a trading platform instead a debt-moving platform like ripples main point seems to be. But i didnt think much about it since i didnt found a use for ripple yet and couldnt test OT. |
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I dont remember what it was but i remember reading about a coin or something that will replace ripple. Only decentralized. What was that?
Thanks!
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Looks like we got a div today finally... though its lower than 2 days.
looks like he decreased hash. sam most likely got medical problem, some personality lackness, i bet on it. Well, if the numbers are correct, then the dividend per share went up so, in theory, LC hashed more.. I doubt that a bit since they paid so late. They paid 11 hours earlier the day the last days. Time to earn more bitcoins in these hours. Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.
So far i trust friedcat more than your legal advice in a anyway legal gray area.
Of course once colored coins get used, that may change, if these colored coins represent securities, that has the potential to threaten bitcoin Agreed, if they use the blockchain to represent colored coins/securities, it will give them ammo to go after the entire Bitcoin protocol. Or if Ken creates an alt coin, then the exchange it's hosted on would be targeted. These solutions are a step ahead right now, but only one step. Friedcat stated something interesting: Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
Though its open what that really means. |
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Sebastian, Please keep in mind that the bitcoin exchange rate may also decline. You're assuming that BTC will always raise. In that case you would even increase the expected profit.
I know that. But i believe that crashes could be relatively good be forseen in the past. And i believe too that bitcoins have to rise in price when they are used more widely. And i believe thats the case. The more people want to use it the higher the price will go. You're implying that on October 8th I should have only bought btc to for example sell it today? What if the price would have declined? Anyway, that would require the ability to predict the future btc price... And I still have the BTC32.73! Meaning that my transaction has only increased the amount of BTC in my portfolio: - Ocotober 8th: I had €3000 + BTC30.56.
- Today: I have €3000 + BTC32.73
Anyway. I understand that most people here have faith in the btc price increasing. This doesn't mean that we cannot make money of price differences as illustrated. I forgot you had the 3000€ on top. So if you had turned them to bitcoins 2 weeks ago you now could exchange them to 45% more fiat, not only 7%, so in fact you lost money by not keeping everything as bitcoins. Something that never could have happened when mtgox wouldnt be so slow. Thats why i keep my money in form of bitcoins. And i dont sell bitcoins at mtgox because i know that such things like in the last 2 weeks can happen anytime. On top i dont plan weeks or months in advance to when i need fiat on my bank. And i cant guess in how many weeks mtgox will give my fiat. Your proposal of simply converting the 3000€ to BTC is a different investment, relying on the increase in price of BTC. The arbitrage-scheme discussed here relies on the exchanges operating properly. It is perfectly reasonable for someone to keep part of his capital in fiat currencies and if you have the fiat available, the scheme discussed here can use that fiat to obtain BTC-denominated profits and this is a viable course of action if you assume the reward outperforms the risk of MtGox defaulting. I see that. But i think mtgox isnt really a good partner for this. Search the forum. Some users had to wait months! to get their fiat. And even when its only 2 weeks. Thats something you can do 24 times in one year only. I admit that overall you might get a positive result though. I only dont like the unreliability of mtgox in this game. But maybe thats only my personal view. If it works for others its fine...  |
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I see a bunch of anti-mining bullshit, where's the hash power that we were supposed to get in October?
what hashpower that we were supposed to get in October? He means the 500TH... though i believe most of it should go turn to miner sales. |
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You're implying that on October 8th I should have only bought btc to for example sell it today? What if the price would have declined? Anyway, that would require the ability to predict the future btc price... And I still have the BTC32.73! Meaning that my transaction has only increased the amount of BTC in my portfolio: - Ocotober 8th: I had €3000 + BTC30.56.
- Today: I have €3000 + BTC32.73
Anyway. I understand that most people here have faith in the btc price increasing. This doesn't mean that we cannot make money of price differences as illustrated. I only say that i dont use mtgox to sell Bitcoins because i think its too risky that i will get less fiat than i should at the time i actually have the fiat. And i think so because i believe that bitcoins generally will have the tendency to rise in price for some time now. I forgot you had the 3000€ on top. So if you had turned them to bitcoins 2 weeks ago you now could exchange them to 45% more fiat, not only 7%, so in fact you lost money by not keeping everything as bitcoins. Something that never could have happened when mtgox wouldnt be so slow. Thats why i keep my money in form of bitcoins. And i dont sell bitcoins at mtgox because i know that such things like in the last 2 weeks can happen anytime. On top i dont plan weeks or months in advance to when i need fiat on my bank. And i cant guess in how many weeks mtgox will give my fiat. |
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Like Deprived wrote... you actually lost money with the trade. The Europrice for a bitcoin was around 100€. Today its 145€. So the bitcoins now are 45% more worth. Way less then 7%.
Of course thats probably a problem that doesnt occur often but the longer it takes to repeat such a cycle the higher is the risk. I exchange bitcoins for fiat too but i do it at bitstamp because when i do it at mtgox i dont know when i get the fiat and if i get it bitcoins might be way more worth. You might say you invested USD and now have more USD. But the long time to get the USD is a risk that easily can make you regret why you didnt keep Bitcoins instead.
Arbitrage with MtGox was done pretty often some years? ago but as long as i know it was not popular then because Mtgox has these problems with paying out fiat.
Please explain how I lost money with the trade, because I did not. I got back the fiat and retained my original btc fund + BTC2.17. I think that you see the trade this way (correct me if I'm wrong): I am buying BTC at bitstamp, selling it at mtgox and waiting for the fiat to return before buying BTC again, and thereby risking the increase in BTC while waiting on my fiat. This would be a high risk endeavor and would've caused me to lose money. This is not what my transaction entailed. I see it this way... Buying BTC... keeping... when you need Fiat then selling at bitstamp and having the full value in 2-3 workdays. Would you have sold the 32.37 BTC today at bitstamp (i know its unfair since it takes some time to withdraw there too) then you would need, at a Price of $201.5, $4135.5, which means you sell 20.52 BTC, got the 3000€ for it and still would have 15 BTC. I mean time is something crucial for bitcoins. |
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Looks like we got a div today finally... though its lower than 2 days.
looks like he decreased hash. sam most likely got medical problem, some personality lackness, i bet on it. He gave up deleting posts here (it was quite the work though) and posting images. The ghash.io public account isnt available either. If things dont move soon, be it answers, pictures or growing hashrate ill connect with NineLive and stock up his budget for the PI. |
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I wonder if that can be used for the IPOs going on here normally. Even when it is... 1Million USD is nothing for an ASIC Development IPO.
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I am beginning to grow a strong distaste for friedcat.. i used to love the guy. Can he please grow some balls and answer the big questions, instead of dickin around like ken slaughter does?
He was here last time on 20th. Stating that he will give out financials in a week: Quick Update
The original vague range of October 20s is now made accurate at October 27th, when the projected publication of financial reports. This time it will be more detailed and informative than the last time's.
Upcoming scheduled to be happening (in time order):
Imminent repricing according to the market and the quantity.
Immersion cooling exhibition.
Payment system out of pre-alpha.
Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).
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Looks like we got a div today finally... though its lower than 2 days.
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Like Deprived wrote... you actually lost money with the trade. The Europrice for a bitcoin was around 100€. Today its 145€. So the bitcoins now are 45% more worth. Way less then 7%. Of course thats probably a problem that doesnt occur often but the longer it takes to repeat such a cycle the higher is the risk. I exchange bitcoins for fiat too but i do it at bitstamp because when i do it at mtgox i dont know when i get the fiat and if i get it bitcoins might be way more worth. You might say you invested USD and now have more USD. But the long time to get the USD is a risk that easily can make you regret why you didnt keep Bitcoins instead. Arbitrage with MtGox was done pretty often some years? ago but as long as i know it was not popular then because Mtgox has these problems with paying out fiat. Well, he posted that he received the money today, so 2 weeks after the transaction (euro-withdrawals are allegedly somewhat faster than dollar-withdrawals).
Also, his type of arbitrage is not exposed to fluctuations in the exchange rate, since he buys on Stamp and sells on Gox at the same time. It means you lock in both buy and sell prices, but you need to have both fiat and coin available to make it work (as well as wait for Gox to pay out the fiat before you start a second round)
I dont think its needed to have bitcoins or money on both platforms since he bought bitcoins. They can be withdrawn pretty fast and uploaded fast on mtgox too. The shareprice wont change too much in that timeframe.
I agree with Rannasha, since it would still imply more risk if you transfer (approx. 1 hour). A lot can happen in one hour especially on the BTC market. I think it would always be better to avoid this risk, especially, when I would hold responsibility for other people's funds. Looks like i overread that he already got the money. But as far as i read thats nothing he can trust about. Or did Mtgox change his behaviour? It would astonish me since the exchangeprice is still so high. If its really only 2 weeks normally now then i await that the prices are getting a bit closer to other exchanges now.
The average withdrawal might take more time than the 15 days in this particular case. But, let's say it would take 1 month, then still a return of +7%/month is still worth pursuing in my opinion. Problem is that +7% in a month turns into a loss (expressed in BTC) if BTC rises by more than 7% whilst your withdrawal is stuck in limbo. Add to that two layers of counter-party risk (you and Mtgox) and it suddenly doesn't look very attractive. Arbitrage opportunities where you're stuck on one (the worst) side of the deal for any length of time cease to actually be arbitrage - as the end result depends far more on how the exchange-rate moves during that period that on the relatively small difference in exchange-rates at the point at which you initiated the trade. Just consider if you'd done such an arbitrage a week ago and were now waiting for euros to arrive. Would you REALLY think you were better off than if you'd just held BTC throughout? I apologize beforehand, because my first language is not English, but I think that you misunderstood my explanation. I will try to clarify with an example using current exchange rates: Preparation: - Let's say that I hold €10,000.00 at my bank account which I deposited to Bitstamp: $13,650.00 at current rates (no deposit fee).
- Additionally, I own BTC70 which is deposited to my Mt.Gox wallet.
Transactions: - I buy $13,650.00 worth of BTC (0.4% fee) at Bitstamp for $199.30 ea: $13,650.00/($199.30/0.996)=BTC68.22.
- At the same time I sell €10,101.01 worth of BTC (0.6% fee) at Mt.Gox for €158.25 ea: (€10101.01/158.25)/0.994=BTC64.21.
Final picture: - I now own 70-64.21+68.22 = BTC74.01 (5.7% return).
- And I withdraw the fiat money: €10,101.01 * 0.99 = €10,000.00 (1% fee) which I will receive x days later.
Thus, the amount of BTC held becomes larger with each transaction. The time it will take to receive the fiat determines how many opportunities (if there are any) may be exploited. Additionally, the amount of EUR and BTC available determine to which extent a price difference can be exploited, of course. |
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Has anyone found out when havelock will pay dividends?
properly havelock labco might switched back to per week,still no clue. havelock could be busy or something. I believe havelock only can pay out when labcoin paid divs. But labcoin didnt yet. Havelock only has a passthrough, thats no original share. |
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