On a serious note, if you trace steamboat's payment addresses forward in blockchain.info, you can find the 782.1 BTC payment to Avalon and quickly find what appears to be their final receiving address for chip sales
1FGAftzSTztFSB8LMwsrdCKTyqGY6zr3sU
This address contains 64,060.9 BTC. The first payment to this address was received 4/16/2013 and consists mainly of 782.1 BTC payments for 10,000 chips each. Several of the initial payments were blocks for 3,000 BTC or 5,000 BTC.
If you assume Avalon is using this address for all of their chip payments, 64,060.9 / 782.1 = ~81.9 blocks of 10,000 chip purchases.
81.9 chip purchases * 10,000 chips each * 282 MHash/chip = 231 THash/sec added to the network.
That is roughly a 2x increase over the current ~110THash/sec for the current network just for chip purchases to date. Also from the Avalon payment address it looks as if roughly 1 batch is purchased per day recently. Even with these increases the ASIC ROI on raw chip purchases and x16 open sourced boards is still quite positive.
Thoughts?
That looks about right to me. One thing I find odd is that Avalon hasn't taken ANY coins out of that address yet. I would think by now they would have taken some of that $8 million+ USD out to start paying for chip production. Not trying to spread FUD here (I'm about to place an order with steamboat) but what are others' thoughts on the Avalon sitting on the coin still? |
|
|
|
ASICMiner is hashing the block chain to shreds the last hour:   |
|
|
|
waiting for the first one to say its wednesday and i still have not received my divs yet  It's wednesday and I still haven't received my divs yet. I checked at 12:01am this morning and no divs.  From now in around 3 to 5 Hours. Be patient. also, there is some problem with confirming this transactionBased on that transaction, it looks like the mining dividend may be around 0.013035 BTC / share (not including hardware sales). That may not be accurate, but seems like it would be in the ballpark. |
|
|
|
|
How is the market going to be saturated? The difficulty increases, thus the need for more hash power continues to grow. At some point the electrical costs of mining will become big enough that hardware becomes more of a commodity (and therefore less profitable per rig sold) but we are just on the first generation of ASIC hardware right now. Still lots of room for selling hardware at significant profit, if you are one of the first to market with each generation of hardware.
|
|
|
|
So you've listed the car for £29,000 but are asking £33,200 in bitcoins. NEXT.
Damn dogie, you like to go around pissing on peeps auctions. lol. |
|
|
|
 Friedcat has confirmed via PMs to everyone the share transfers. Looks like we are done with the auction. I would appreciate confirmation posts on this thread, and if you have a minute please leave trust feedback on my account. Thanks again everyone for the smooth transactions! |
|
|
|
I believe it is more difficult to transfer shares out f you ever decide to do that (they have a 250 minimum quantity), whereas I think on btct.co burnside will give you 1 free transfer out per month. They both have good reputations on the forum, I believe. |
|
|
|
|
He will reply-all to the PM share request I sent him, so you'll get confirmation via PM. I believe he normally gets to these within a day or two of the request, but sometimes it can take longer.
|
|
|
|
Given the text on the title of the reddit post ("ASICMiner shares in danger.") and the age of the poster's account, this sure feels like a FUD campaign to push the price down a bit. Don't fall for it.  |
|
|
|
|
I've send friedcat notification of all share transfers and have now paid everyone their 0.02084164 per share dividends.
Please post on this thread after friedcat confirms share transfer. Thanks everyone!
|
|
|
|
|
I might be wrong, but it wouldn't surprise me for these 2000 shares to be eaten up pretty quickly. Just 20 folks looking to get in at 100 shares. I don't think the wall will last long. My 2 satoshis.
|
|
|
|
|
SSB: also let me know what btc address you want to use for receiving the AM weekly dividends.
|
|
|
|
Trying to get money off my btct account to send. The site has had issues this morning. Will send payment about 14 hours from now when I get back home. Thanks for the shares. I will send account details at that time with confirmation of payment.
SSB: How about just transferring over 17.2840852 (to 1FhTEpTGSbk3zs8S698DWtgTnc4mZEHhTL), which is the bid amount minus the dividend * 7? That'll save me an extra transaction and be the same net. Typo, meant: 17.28410852. Doesn't matter though, difference is less than a penny I think. |
|
|
|
Trying to get money off my btct account to send. The site has had issues this morning. Will send payment about 14 hours from now when I get back home. Thanks for the shares. I will send account details at that time with confirmation of payment.
SSB: How about just transferring over 17.2840852 (to 1FhTEpTGSbk3zs8S698DWtgTnc4mZEHhTL), which is the bid amount minus the dividend * 7? That'll save me an extra transaction and be the same net. |
|
|
|
Updated status:  houseofchill transaction is complete and friedcat has confirmed. SilentSonicBoom is to pay directly tonight, I believe. Everyone else has funded escrow and I've put in all of the transfer requests. I owe everyone dividends of 0.02084164 per share except houseofchill. Note I haven't received the official dividends yet myself because of an unconfirmed transaction dependency issues that several shareholders are seeing (there are other threads on btc talking about it). It'll resolve eventually, but I'll go ahead and pay out the dividends tonight or tomorrow regardless so we can close out the auction. |
|
|
|
|
No problem. TheJuice is paying later this afternoon as well, so presuming those both come in today I'm going to batch up those 2 requests for friedcat into a single PM request.
houseofchill's transaction is complete. friedcat confirmed the share transfer and based on my dividend satoshi count, it looks like he will receive his dividend directly from AM. I will pay all the other dividends myself after the share transfers are done.
I'll also PM John K again about getting the escrow setup if we haven't heard from him by tonight.
|
|
|
|
|
Bwahahahahaha. Yeah, right. You all have fun doing in-house mining with those vapor rigs.
|
|
|
|
|
Also those of us selling some shares (myself included) aren't selling all of our shares. I still think AM has good value given the dividend history and potential for lucrative hardware sales.
|
|
|
|
 houseofchill: I've PM'd friedcat (and CC'd you) to make the share transfer. TheJuice: your direct payment address is: 1NUwSvUJxAuEJ8rRJQfHf2JWuLuZuzHzCU SilentSonicBoom: your direct payment address is: 1FhTEpTGSbk3zs8S698DWtgTnc4mZEHhTL |
|
|
|
John K, Can you setup escrow for the top 3 transactions in the table below?  |
|
|
|
|
Show Posts
