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The average of the last 6 dividends (not including the 7th which kicked it off at 0.036) is 0.026
0.026*52/5.15*100 = 26% APR
We're still okay....... but please don't go to 6 BTC before we see a nice 0.025+ dividend to keep us around 30%. Thanks.
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Yea but I'm warming up my F5 finger
I'm warming up my ⌘+R finger(s)  I'm too lazy to search, what's the record AM dividend? And are we going to beat it today? 0.038 Possible but unlikely this week. I would say likely in 2 weeks when we see the sales from blades gone through. |
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Whar is mah dividend?
WHAR?
How many more hours until it's usually announced? Isn't it like... 6 more hours to go? |
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Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!
You can add me to the list of lurking Canadian shareholders. Wednesday is no longer hump day; it's climax day!  We're in Vancouver. :-) Alberta!!! RD And thriving after all that flooding If I knew their were that many Canadians here would have said Happy Canada day in the thread  Another Vancouverite who loves Wednesdays. All those Canadians. Am I the only Dutch shareholder?  Dutch Canadian who loves Wednesdays in Vancouver  (only 50% by blood/heritage) Another Vancouverite! Though I'm more of a Friday person (BF PT)  We should have a ASICMiner meet up. We can go too the Cambie and try to get everyone to buy AM shares. +1 for AM meetup Haha, if AM becomes undervalued again that sounds good We're golden for now so let's just party |
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Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!
You can add me to the list of lurking Canadian shareholders. Wednesday is no longer hump day; it's climax day! We're in Vancouver. :-) Alberta!!! RD And thriving after all that flooding If I knew their were that many Canadians here would have said Happy Canada day in the thread Another Vancouverite who loves Wednesdays. All those Canadians. Am I the only Dutch shareholder? Dutch Canadian who loves Wednesdays in Vancouver (only 50% by blood/heritage) |
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.04 dividend = 30% APR at 6.9 btc/share
Unsustainable at current network share. We'll see one month of glory but after...? It won't crash if they bring the hashrate up to 35%+ and/or continue major sales, but I suspect sales won't last longer than 3-4 weeks until the next batch. Something needs to change to sustain 7 BTC. |
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and what if it doesn't go back down? I'm not saying it won't, lol, but that would *kind of* suck, and it's happened to me.
yeah, you are right, I should put the price at 7 btc... That's not what I said but alright. Man I hope we don't see 7 BTC cause short of a 0.05 dividend that is entering bubble burst territory. |
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I think I'm gonna start a sale for 50 shares for 6 btc/share.
24 hours, flat price.
What do you guys think?
I'd do 25 at 5.3 btc/share and another 25 at 6, that way if the price just goes up a little bit more and drops again, you can buy the same shares back and have left over profit and what if it doesn't go back down? I'm not saying it won't, lol, but that would *kind of* suck, and it's happened to me. |
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Mmmh.
Dividend/month ~= .00000062
Ask = 0.00011370
-->
ROI = 183 months.
I think I'll pass.
ROI, you are assuming that btcquick profits are not going to go up in 183 months as i have shown, profits have been accelerating every month. This Company has only been on the stock exchange for a very short period. I won't be surprised to see profits continue to rise exponentially as has been done in the past. Either way or stocks are a gamble and risk/reward must we weighed. Yeah, it's not a bad gamble, but it's often out of stock for days on end, so it's going to hit a wall sooner rather than later. He really needs to get selling and on the fly purchases (with fee) working. Single site owner and programmer, development is moving slow. Things are moving faster than you think  , We haven't run out of stock for 3 weeks. Nice, I'm not sure that's a good thing or a bad thing but we'll see. I'd actually be down for a gamble in btcQuick again if AM wasn't so amazing. |
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Out of curiosity, are Eric M. and myself the only Canadian AM shareholders here? I know we have more lurking in the shadows!
I'm also Canadian - Toronto. 16 Direct shares, 11 PT shares, so not a fortune like some other people, but still pretty happy on Wednesdays. That is a great start my friend. When AM really takes off we will need to put together a Canadian Shareholder event/meet up (very serious). I was in Japan last year with a good friend, this is before I know about Bitcoin. Looking back now I am somewhat surprised that I was not exposed to ฿ in some way, shape or form during my time there. I believe the adoption rate for ฿ in Japan is slow despite the world's largest ฿ exchange residing there (Mt.Gox). I am going to pimp the ฿ out of the cryptocurrency next time I visit. Very nice start tomywomy. You're ahead of the majority to be sure. Yah man I'm in Japan now and besides some Ruby clusters, this place seems to have lower adoption for bleeding edge web/software tech. Hardware (and required software) tech, they're all over it. I'll be back in Vancouver in a week, ya boys Where are you KarmaShark? is it known how much of the mining/hardware sales proceeds is kept for AM's expenses? i can see that the change address in dividend transactions is 16fuoinLFjBmiCYmCYDXPNfERJtdPB5ASe, is that then used to pay for expenses? We do not know the cost basis on ASICMINER hardware. FC has mentioned that production cost is approximately $10k per TH/s. That's... so cheap. |
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Definitely going to be at the next Vancouver. Suckssss my plane doesn't land until the 7th. I hope it's a good showing and yall enjoy.
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Firstly, they ain't never gonna control 100% of the market. That's just plain bubble-boy talk. If they did, the whole bitcoin market would collapse anyway.
Second, yet again, transaction fees, miners expect to earn an ever increasing % of their income in the future from transaction fees. Nobody else gets these fees, only miners. So AM earnings are not capped by actual mining of new coins, only by the transaction size of the entire bitcoin network. Nobody knows what this will be next year or in five years, but if you are betting it is nothing, I'm not sure why you are interested in bitcoins at all. If there are no transaction fees in a few years, bitcoin will be dead anyway.
Not sure if you were replying to me -- but if you were, you didn't understand my point. AM can control ~30% of the network directly, and more indirectly by selling hardware. The HYPOTHETICAL CASE that AM controlled 100% percent of the network, establishes an UPPER BOUND on the possible price (which is still higher than the current price btw). AM is grabbing tx fees (in the long term) + block rewards (short-mid term) + hw profits; in the long term tx fees are going to be higher, but still at finite rate. Block reward is finite. I concur. AM will eventually control somewhere between 0% and 100% of the network. Mining rewards are not infinite. Thanks for clearing both of those points up. |
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i just cashed out, bought in at ~ 2.5 and sold at ~4.5. Happy with a ~45% ROI. I have a feeling btc/fiat is about to rebound driving investors back to the fiat exchanges and taking there btc with them. I dont think the div is going to be amazing either prob around 0.015. My reasoning behind this is that friedcat has always been very vocal about hw sales prior to div's going out. There hasn't been a pip from him in a while on the forums. The presentation from china is all about hash rate expansion plans and all these lean to happening in q3-4. This leads me to believe alot of the hype we saw over the last two weeks will cause a sell off after the div lands as those speculative investors realise they aren't going to make a quick profit. Good luck to everyone tho, will be back @3ish Sick math skills. 45% man, 45% it's the new 80% cash out now |
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Firstly, they ain't never gonna control 100% of the market. That's just plain bubble-boy talk. If they did, the whole bitcoin market would collapse anyway.
Second, yet again, transaction fees, miners expect to earn an ever increasing % of their income in the future from transaction fees. Nobody else gets these fees, only miners. So AM earnings are not capped by actual mining of new coins, only by the transaction size of the entire bitcoin network. Nobody knows what this will be next year or in five years, but if you are betting it is nothing, I'm not sure why you are interested in bitcoins at all. If there are no transaction fees in a few years, bitcoin will be dead anyway.
empoweoqwj really gets it. Pay attention kids, try to think further and hold more variables in your head than just A + B = UNDERVALUED! B + C = INFLATED! |
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Both of these markets are limited to the same overall statistic, that of the circa 10m remaining Bitcoins. Assuming that miners are rational (?) then the amount they'll pay for a miner should not exceed the amount it can mine. Therefore in the extreme optimal case in theory if ASIC Miner could mine 49% of Bitcoins and sell all the hardware that mined the other 51%, it would still be capped in value at 21m Bitcoins = 25BTC/share. (NB This ignores all costs in mining/production)
Two words. Transaction fees. |
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did a bunch of investers take their btc out now that the house is back up to record levels? like you can make money by taking money out at the tip and buying back in at the bottom?
Should keep it to yourself. Investors getting out is good for your profit margin. |
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Where will this lead? The obvious conclusion is a system wherein Friedcat runs the bitcoin mining ecosystem in the same manner the federal Reserve manages dollars. A total domination on almost every level. Avalon kicking up the hash? Excellent, we can just increase to match, and sell even more block erupters to everyone who is trying to keep up. More profit for shareholders. BFL actually delivering? Pop the cork, we can now bring another 10 Terrahash online and sell even more USB miners! More profit for shareholders!
Came to this same conclusion a while ago, and it was reinforced with the presentation. |
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741 gone by my count. 259 to go.
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