Awesome news!  Allow me to pile on then.  Hong Kong Customs = Cleared.  (((DHL))) |
|
|
|
LOL I sure hope polmine.pl appreciates us:  |
|
|
|
This seems pretty richly valued for an IPO after sucking up 32,000BTCs on btct.co in short order...then there's another 2,000,000 shares coming at higher prices? That's 6x the daily average on btct.co already poured into the garden in just over a day. I'm not seeing much room for further upside at this point, but good luck fellas.
The panic such comments could trigger  2 M additional shares may not come for several more months. Will only be issued after a milestone and at a higher price. Edit: Trying to get some btc back to basic-mining ? Interesting take. I think you give my words a bit too much weight if you believe a simple sentence from me has any chance of knocking this 32k company's share price down, but ty for stroking my ego. I'm a cryptocurrency investor and have been for far longer than I've been managing any companies. Like many others I'm reviewing this company's potential and making my own decisions on if/when/and how much to invest. 2 M additional shares may not come for several more months. That seems new. That's a wise decision by management IMO. |
|
|
|
Outstanding! Agreed...and I would add "It's about time!" to that. I will of course prepare an official release when I have the rig in hand. Cheers. |
|
|
|
|
This seems pretty richly valued for an IPO after sucking up 32,000BTCs on btct.co in short order...then there's another 2,000,000 shares coming at higher prices? That's 6x the daily average on btct.co already poured into the garden in just over a day. I'm not seeing much room for further upside at this point, but good luck fellas.
|
|
|
|
|
Tracking information received from Avalon. Our Batch 3 rig is on it's way.
|
|
|
|
Thank you. Didn't notice that.
Bill No worries, my sig is kind of cluttered. These days the fund largely runs itself. Cheers. |
|
|
|
Hey Creative, I'm a current share holder (not much ) and love the way you run the company. I have a quick question. I was looking at Litecoin and saw a fund LTC-DMF; is that you running this fund? Thanks, Bill Hi Bill, yes I also manage LTC-DMF. I've a direct link in my sig. Cheers. |
|
|
|
I'm still formulating a plan for these reserves. There are a multitude of options coming and the field changes daily. At this particular moment I'd like to say we're going to order 10+ 400Gh/s Bitfury kits, but I don't know because they're not available yet & haven't been reviewed yet. I have the same information everyone else has.
Cheers.
I pretty much creamed myself imaging what 10x 400Gh/s would feel like. ...but if reviews are favorable from recipients of Bitfury gear scheduled for August delivery then we could very well go in that direction. Do I take that to mean you'd wait for the October deliveries? How do the various delivery periods/costs fit into your difficulty projections? I don't think we have a choice, unfortunately. Though they still have gear listed for sale at megabigpower.com for August delivery, it's all sold out(inventory = zero). We know that knc is supposed to be delivering in September/October as well, and we know that ASICMiner has stated that they'd see massive deployment by the end of 2013. I don't see a large reduction in network expansion for some while yet unless the exchange rate falls sharply, so our best play here IMO is to deploy the most efficient gear we can find as quickly as we can get our hands on it. At this point that looks like Bitfury(or perhaps knc) in October and possibly any additional BFL gear I can turn up at a reasonable price now. Though I find pre-orders distasteful, if Bitfury delivers to August customers AND their products meet their specs, I believe I could hold my nose and pull the trigger. Cheers. |
|
|
|
I'm still formulating a plan for these reserves. There are a multitude of options coming and the field changes daily. At this particular moment I'd like to say we're going to order 10+ 400Gh/s Bitfury kits, but I don't know because they're not available yet & haven't been reviewed yet. I have the same information everyone else has.
Cheers. How about a motion? Hi dexX7. A motion would be a bit premature at this point. Bitfury has products scheduled for August delivery so we've an opportunity to get a look at shipping products before any hypothetical order need be placed allowing us to make a more informed decision. I don't believe they have anything available for delivery prior to October. I'm merely trying to get the discussion rolling. Certainly a motion would be appropriate for such a large expenditure when the time comes. Cheers. Hi davos, thanks for the heads up. I understand the first run doesn't clock very high and lacks overclocking capabilities completely, but the cost/Gh and the efficiency are certainly appear attractive. If the stated specs are solid it'd be tough to see a situation where we failed to at least break even on a 400Gh/s kit priced around 80BTC. |
|
|
|
I'm still formulating a plan for these reserves. There are a multitude of options coming and the field changes daily. At this particular moment I'd like to say we're going to order 10+ 400Gh/s Bitfury kits, but I don't know because they're not available yet & haven't been reviewed yet. I have the same information everyone else has.
Cheers.
I pretty much creamed myself imaging what 10x 400Gh/s would feel like. ...but if reviews are favorable from recipients of Bitfury gear scheduled for August delivery then we could very well go in that direction. |
|
|
|
Bravo! Very nice work burnside. |
|
|
|
Wasn't a minirig around 5300BTC when orders opened?!? NOT SHIPPED YET?!?  It's conceivable that you could've ordered a minirig(1.5Th/s) on June 23 2012 for 5000+BTC and still have NOTHING to show for it...not even 1/3 of your order. Ouch. |
|
|
|
Thanks for the awesome tinkering and the notification.
But, if your update is to try to recover the glorious share price once BM had, i will have to doubt the effect.
If you take our share price as 0.5 and Cognitive's share price as 0.48.
According to the weekly dividend paid, I have found both securities are paying around 0.000702 dividend per bitcoin invested at the current share price.
What I am trying to say is that, our stock price is not significantly undervalued, comparing to similar companies in the same industry.
The free market has done its job.
What really needs to be done to pull up the share price is to make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything.
Nowadays the price of ASIC machines have been dropping significantly, a 80GH Avalon can be bought at as low as 90btc. (which was around 130btc two weeks ago)
Therefore our reserve can buy us as much as 1TH/s hashrate. (which doubles what we have right now!)
If you really want the company's value to grow, I think this is the way to go. Hi KCBitcoin. I'm afraid you lost me with: make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything. While I believe I understand better than most how quickly things move in the cryptocurrency world, we were mining less than .06BTC/day as recently as June 19(43 days ago). Since that time our hashrate has grown by 937,400Mh/s or 360.53% if you prefer. There have most certainly not been "months without purchasing anything" since our first Avalon arrived and prior to that our only option would have been a BFL pre-order(uh no). Our competitors have not kept pace and this is why we're able to distribute 70% of mining revenue as daily dividends while maintaining a double digit yield and still keep our growth fund growing rapidly. We're also mining our growth fund whereas our competitors are having to borrow to attempt to keep up with the torrid pace of network expansion(cites available upon request). The purpose of my update today was to officially announce the increase of our hashrate and to update investors who may be unaware of just how well positioned bASIC-MINING is to compete in this rapidly expanding network space. Also while it's easy to say "buy a bunch of Avalons now!" just as it was easy to say "buy a bunch of overpriced blades!" previously, I actually have to obtain, deploy, power, & cool this gear. I'm also the fella everyone will point to if/when we never make our BTCs back from these hardware investments. I think we all know there are lots of new vendors entering this space in the very near future, KNC, AMC/VMC/Active Mining/(whatever other names they have), Bitfury, etc... all have products announced with Q3/Q4 availability and all with apparently better than currently available efficiency. While Avalon efficiency is fine for now, they'll be the first ASICs shut down as difficulty increases. Rather than investing in technology that may or may not make a positive return, I'd rather invest in efficient technology that's available now(BFL & possibly Bitfury) and be ready with lots of dry powder when there are more options and shorter lead times. Cheers. Yea, what I was trying to say is, rather than just stating how much reserve we have, its better to give out future plans with these reserves. Like you said, pre-order better-efficiency hardware or more cost-effective machines. Putting these up will give investors a better projected value of the company than cash. You can even throw out a couple of pre-order info and let the investors help u decide or vote. I'm not usually prone to quoting/citing myself, but... https://bitcointalk.org/index.php?topic=130982.msg2846982#msg2846982I'm still formulating a plan for these reserves. There are a multitude of options coming and the field changes daily. At this particular moment I'd like to say we're going to order 10+ 400Gh/s Bitfury kits, but I don't know because they're not available yet & haven't been reviewed yet. I have the same information everyone else has. Cheers. |
|
|
|
Thanks for the awesome tinkering and the notification.
But, if your update is to try to recover the glorious share price once BM had, i will have to doubt the effect.
If you take our share price as 0.5 and Cognitive's share price as 0.48.
According to the weekly dividend paid, I have found both securities are paying around 0.000702 dividend per bitcoin invested at the current share price.
What I am trying to say is that, our stock price is not significantly undervalued, comparing to similar companies in the same industry.
The free market has done its job.
What really needs to be done to pull up the share price is to make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything.
Nowadays the price of ASIC machines have been dropping significantly, a 80GH Avalon can be bought at as low as 90btc. (which was around 130btc two weeks ago)
Therefore our reserve can buy us as much as 1TH/s hashrate. (which doubles what we have right now!)
If you really want the company's value to grow, I think this is the way to go. Hi KCBitcoin. I'm afraid you lost me with: make good use of the 1100+BTC, rather than advertising our huge reserve for months without purchasing anything. While I believe I understand better than most how quickly things move in the cryptocurrency world, we were mining less than .06BTC/day as recently as June 19(43 days ago). Since that time our hashrate has grown by 937,400Mh/s or 360.53% if you prefer. There have most certainly not been "months without purchasing anything" since our first Avalon arrived and prior to that our only option would have been a BFL pre-order(uh no). Our competitors have not kept pace and this is why we're able to distribute 70% of mining revenue as daily dividends while maintaining a double digit yield and still keep our growth fund growing rapidly. We're also mining our growth fund whereas our competitors are having to borrow to attempt to keep up with the torrid pace of network expansion(cites available upon request). The purpose of my update today was to officially announce the increase of our hashrate and to update investors who may be unaware of just how well positioned bASIC-MINING is to compete in this rapidly expanding network space. Also while it's easy to say "buy a bunch of Avalons now!" just as it was easy to say "buy a bunch of overpriced blades!" previously, I actually have to obtain, deploy, power, & cool this gear. I'm also the fella everyone will point to if/when we never make our BTCs back from these hardware investments. I think we all know there are lots of new vendors entering this space in the very near future, KNC, AMC/VMC/Active Mining/(whatever other names they have), Bitfury, etc... all have products announced with Q3/Q4 availability and all with apparently better than currently available efficiency. While Avalon efficiency is fine for now, they'll be the first ASICs shut down as difficulty increases. Rather than investing in technology that may or may not make a positive return, I'd rather invest in efficient technology that's available now(BFL & possibly Bitfury) and be ready with lots of dry powder when there are more options and shorter lead times. Cheers. |
|
|
|
I'm pleased that you find my performance to be marginally adequate sir. |
|
|
|
News:bASIC-Mining Increases HashrateDear virtual shareholders, bASIC-Mining has increased it's hash rate by 15,000Mh/s to a total of 940,000Mh/s. This increase is the result of optimized cooling of the company's BFL gear and was accomplished with minimal associated cost. The company's currently active mining equipment is as follows:
(1) BFL Minirig SC
(4) BFL Single SCs
(3) Avalon 3 module rigs
(2) Radeon HD 6770 GPUs
(2) Radeon HD 7770 GPUsIn addition the company has a paid pre-order for (1) Avalon 4 module rig which is expected imminently. bASIC-Mining has a very strong balance sheet with more than 1100BTCs in reserve and daily growth fund contributions of 30% of mining revenue. Cheers, CreativeX https://i.imgur.com/6w0Xn81.jpghttps://i.imgur.com/Hnj9y0n.png https://btct.co/security/BASIC-MINING
|
|
|
|
|
I've changed our official hashrate to 940,000Mh/s to reflect the improved performance we're now getting from our BFL gear. Official announcement & company update on btct.co to follow later today.
Cheers.
|
|
|
|
|
Show Posts
