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ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
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okay I got things going, thanks |
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I want ASICMiner to hedge their production buy selling futures contracts against the bitcoin-fiat exchange rate.
Can a futures market be established in china or hong kong?
A good idea to bring in more options and financial products to table. There is serious risk, however, with futures contracts. With futures contracts, one can create derivatives, and then create credit default swaps. These are very potent and powerful tools to manipulate Bitcoin values to fiat currency rate. We can't ever escape the fact we have to exchange Bitcoin to fiat currency to pay for electricity, product shipping, airplane tickets for bitcoin conference, etc. Futures contracts allow leverage, and allow relatively few people to manipulate quantifiable "things". The ASICminer share price is quantified with numbers. BTC/USD exchange rate is quantified with number. Futures plus thinly traded market equals easy manipulation. all I read was powerful, potent and leverage. What was your concern exactly? |
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okay, I'm going to pass on the stratum for now, I want to see my 13000 megahashes or at least a sign of it doing something! I changed the server settings and port and still this Total MHS: 00000 Received: 0000000000 Accepted: 0000000000 Per Minute: 000.00 Efficiency: 000.00% Up Time: 0d,00h,00m,20s Current Server: mining.eligius.st:8337 Clock selected: Low Chip: OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO |
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They reset automatically after a period of not doing anything as a kind of failsafe. You can ping it so network looks ok. The loss is probably just it rebooting, wouldn't worry about that for now. You need to use port 8337 for getwork on Eligius: http://eligius.st/wiki/index.php/Getting_StartedThese blades don't do stratum, I'd recommend a local stratum proxy for optimum performance. ohhhh I misunderstood Dogie's tutorial then, I thought stratum proxy = stratum, what is a stratum proxy then, how do I set that up! |
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Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts
I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe
so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)
is there any exchange that will let a user wire $100,000 out, or via ACH
Gox's limit is $10k per day and $50k per month for the lowest tier of verified user. You can get the limit raised there as well if you need to. hmm I thought I was verified, but these are my limits "USD : You can still withdraw up to $1,000.00000 provided you have enough on your account (your limit is $1,000.00000 per 24 hours and $10,000.00000 per 30 days)" |
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I think my block erupter blade is resetting and not actually doing anything
from ping test: 578 packets transmitted, 545 packets received, 5.7% packet loss
Total MHS: 00000
Received: 0000000000
Accepted: 0000000000
Per Minute: 000.00
Efficiency: 000.00%
Up Time: 0d,00h,00m,45s
Current Server: mining.eligius.st:3334
Clock selected: Low
Chip: OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
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Why then has the price been climbing pretty steadily? (ignoring the bubble from last month of course)
because of demand greater than the supply |
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1) user and pass for the pool is just the worker's username and password right?
2) can I use urls or do I have to use IP addresses?
I get this.... everytime I switch the clock to high it goes back to low after a minute, but it isn't actually getting work or doing anything
Total MHS: 00000
Received: 0000000000
Accepted: 0000000000
Per Minute: 000.00
Efficiency: 000.00%
Up Time: 0d,00h,00m,45s
Current Server: mining.eligius.st:3334
Clock selected: Low
Chip: OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
also I noticed 5% packet loss on my ping test, 578 packets transmitted, 545 packets received, 5.7% packet loss so it seems my device is restarting every few minutes.
it is not hashing and there are 4 120mm fans on it
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I want ASICMiner to hedge their production buy selling futures contracts against the bitcoin-fiat exchange rate.
Can a futures market be established in china or hong kong?
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Bitcoin will have growing pains at certain dollar thresholds.
the lack of an organized and useful futures market is one thing keeping it from growing its market cap above a few billion dollars
the lack of ways to move over $100k daily from btc into cash is also obviously going to make it impractical for anyone doing real trade trying to settle a balance
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A casascius coin could be nice but it would only beg more questions from the person you are gifting it to, you would still have to explain that they need to use a service to import the privatekey etc.
I think that letting someone make their own blockchain.info account would be more beneficial. It would give them the opportunity to poke around the site without sending coins to anyone by accident.
Then maybe you could get away with handing them a casascius coin, a bitbill, a paper wallet you have printed out yourself or just send it to their new address which would be easily identified to this new user when logging in to the site.
hmmmm what base units do casascius coins and bitbills come in? 1? what if I don't want to gift 1, then a paper wallet is the only way? I don't want to do any handholding on this nor do I want to have them trying to solve a riddle once they figure out there is an exchange rate "what you have to do is download this program from sourceforge, and then unzip it... you have to find where you saved the file, then open command prompt" yeah no. I think I'll just make a blockchain account, sent whatever I want at my discretion and give them the login info. |
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Hello, how would you gift a bitcoin to a non technical person?
and how would I distribute the private key to them?
I don't want to turn it into a riddle for them either. maybe I should just make them a blockchain.info account?
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If you get a trusted (not only verified) account at mtgox, you can raise the limit to 100k USD per day. I did so myself. However, you need to send them a letter with Apostille to gain trusted status.
great, that would be scalable enough for now now if one of these futures exchanges would get it together. |
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Is there a way to get BTC from Mt.Gox to BTC-E with no loss?
Thanks!
you can fund a btc-e account by typing in the bitcoin address from your account into mt gox's withdrawal if you are trying to cash out from btc-e then, no there is no way, you will get btc-e's exchange rate. |
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trading bitcoin stocks (ASICminer) is like stock trading
trading bitcoin currency is like currency trading
obvi
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before you go too far down the wrong rabbit whole, you can start a kickstarter if you are not in the US or UK. Get a lawyer to set up a limited liability company in a united state (*cough* WYOMING *cough*), get a registered agent in that desired state to set up the bank account, a virtual office and also have him set up Amazon Payments. Amazon Payments will require a utility bill at your virtual office address to prove that you live there, this is Amazon's interpretation of a newer IRS regulatory requirement, but it is by no means anything that has to be truthful because it is not law, only Amazon's way of trying to comply.
You wire funds to the bank account to fund it.
Artificial persons (Corporations, LLCs) are recognized as legitimate people in the United States and you will have access to all now, as the bank account will be used to access your paypal and amazon payments and whatever you want now online.
This should not cost you more than $600 dollars.
So now you can create a kickstarter.
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Hello, after a cursory look at Mt. Gox's limitations on withdrawal $ amounts, and maybe Coinbase's withdrawal amounts
I was wondering how one would turn an amount of bitcoins over $10,000 into cash. Mt. Gox has a $10,000/month limit for everyone I believe
so what are the best ways to convert larger amounts quickly? pros and cons of these methods (fees, how long it takes, etc)
is there any exchange that will let a user wire $100,000 out, or via ACH
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