Time for another speculation .... AM seems to be withholding not just the mining income, but also from HW sales. I think the numbers are really looking good. I was trying to track the usual HW sales from major GB resellers here on Bitcointalk. CanaryInTheMine's address is https://blockchain.info/address/1L3XSZpfsZtEXLwDDYjJfJHncaPxAngAyV ... He just sent about 100 BTC to 1PqMrF2axd4kuY9wosY4YZ3RdhWvDf7ZUP, which is now holding ~2168 BTC!Looking at this last address, there's also some incoming BTC from a mining address. We already know that another AM address is holding close to 10,000 BTC (from previous HW and mining income) Is this mean they can massive producing better ASIC in the future ? I think the talent pool in AM is the key issue ...and there still no anything about 2 gen has been released... this what I am really concern will AM meet its scheduled in time? |
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What will be in case if BTCquick can't sell Bitcoins? What will be with shares on bitunder? They will be refunded?
This is only sell Bitcoins, not exchange service like assets exchange platform. You can sell lots of stuff on internet, sb. even sell Bitcoin on ebay or amazon. So the legal issue of selling bitcoin should not be a big issue. But I think just this concern makes lots of people panic, or else others wouldn't have such a good opportunity to buy shares at such a low price. Profit and risk exist together, usually the higher risk the higher profit. People have to make choice by themselves. The legal issue is releasing unregistered security to a lot of unaccredited investors. If the company is 100% privately invested, like coinbase, it will be much safer. Do you think btcquick need a MSB to operate? Of course they do. Bitquick is breaking the law in a few ways, and I am concerned for their future. The security is illegal from the perspective of the SEC, and there is a good chance they are breaking the MSB rules as well. They would argue that because they are simply "selling" Bitcoins in a one-way street manner (there is no movement of funds between multiple parties like an exchange) they are exempt but I am very wary of this argument. I say this because if you look at the recent regulatory guidance, FinCEN classified Bitcoin in the same category as a traveler's cheque. If you allow people to redeem traveler's cheques for dollars int he US you are an MSB. Thus I think btcquick is an MSB... and they are certainly not registered as such. I hope they do this for their own benefit, I want to see everyone succeed. So those people who selling BTC physical coin online is require a MSB ? This question is only can be answered if BTC is a legally currency. |
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I paid huge cost to learned this... BTC just touched 195 USD... Actually it's 165$, what price did you look at? (still high though, and that's good) what's happen? Did I missed something? People losing faith in their fiat currencies? and also AM is at 0.8 ,which is so painful , I sold my shares around 0.625 ...because I was losing faith.... I'm sorry for you, really. I look at MTGOX....that today's highest transaction is at 195 USD, despite you might never receive this amount... Fiat currencies ?I don't know ,this increase come too suddenly and unexpected... I just loss my faith in AM...I was hold it from 4 ,util 0.6...and myself is crashed...I can't bear more loss... |
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I think Hope isn't the right strategy to apply in this game..
Or in any game, for that matter. I paid huge cost to learned this... BTC just touched 195 USD... what's happen? Did I missed something? and also AM is at 0.8 ,which is so painful , I sold my shares around 0.625 ...because I was losing faith.... |
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I think Hope isn't the right strategy to apply in this game.. |
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Having all the legal opinions in the world won't stop btcquick getting shutdown it might keep the owner out of jail but thats about it.
Are you suggesting that in that case the owner should just risk getting to jail, instead? I think he's just reminding us the risk of this company. The lawyer may save the person, but not necessary the company. But is it risky if the company only issues shares to non-US residents? YES, what btcquick is currently doing is illegal it doesn't matter who owns the company. they need to get compliant before they get a cease and desist letter from the DoJ it's basically that simple in my eyes at least. use debit card or credit card to buy bitcoin is illegal? then what of methods should we used to buy bitcoin is so called legally? I think buying bitcoin is like trading your currency with private money ,and most countries won't recognized this transaction as a legal move.. the only guys who really worried about this issue is the issuer because he might go to jail for it. |
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It will rebuild quickly Now is about 52% per year  0.004*52=0.208 /0.55= 0.378% only if dividend remains same next week till the whole year...if there are nothing new chips come out ,I can't see that will be possible.... |
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BTCGARDEN They just got its 1ph ....
They have only 220TH in hand. I know ,they said they got produced chips which equal to 1PH... about weeks ago... Where did you get this information? Sorry , they said they nearly finish its 2nd chips ,which is in 40nm standard...and they will going to order about 1ph-1.5 ph of chips in the future... So they were all like "hey let's IPO" and then realised they didn't wanted to share their profits and backed away? Probably, they are bad guy, if they isn't suspend the IPO , I would stay with them...then I can avoided my extremely loss with AM..... I just sold all my AM shares at BF which is as low as 0.6 !!! lesson learned.... 30K USD (all profit) destroyed by it.... however i still not making any loss, but I feel I really need stop before something burning myself..... |
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Everyone who didn't sell two months ago is down 10/100s of bitcoins.
We can either sell out at the absolute bottom (re: now) and trust in bitcoin's price increase to continue indefinitely, or we can wait and see our patience rewarded with huge gains down the road, which would mean increased share price AND increased BTC price.
I say if you don't need the money to feed and clothe your children, then leave it there. These companies aren't going away
(disclosure: I own 10K+ shares of btcQuick, ActiveMining and CipherMine, respectively, so I am definitely feeling the nausea of seeing my portfolio demolished)
Holding those companies is one thing, other things is the counterpart risk is extremely higher than its reward... if you are serious BTC securities trader you will consider of the trading volume...the trading volume at this moment just not suit for the need of making big profit. |
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BTCGARDEN They just got its 1ph ....
They have only 220TH in hand. I know ,they said they got produced chips which equal to 1PH... about weeks ago... Where did you get this information? Sorry , they said they nearly finish its 2nd chips ,which is in 40nm standard...and they will going to order about 1ph-1.5 ph of chips in the future... |
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with all the uncertainty around U.S. based bitcoin companies right now, paying div on time and giving a comprehensive update would have seemed prudent.
I am not quite at the point of selling off but I certainly won't be acquiring anymore shares until Ascension starts giving some info to his shareholders, a lot of whom have lost thousands of dollars in the last two weeks
lot of people suffered more loss......personal I am lose about 30K USD in last months ~~ every day wake up with diminishing of my investment's value, that is not good ~ |
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BTCGARDEN They just got its 1ph ....
They have only 220TH in hand. I know ,they said they got produced chips which equal to 1PH... about weeks ago... |
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i'm holding out, but i'm losing faith too
what happening with the dividend? did the issuer forgot to pay  |
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3313TH.
Hashrate hit 3PH,much sooner than most people expected.
And the 500TH of AM much later.
BTCGARDEN They just got its 1ph .... |
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I think that selling miners currently is probably more profitable than mining, although I have the impression we are missing out on quite a bit of bitcoins. But there is no way (for me) to judge how ASICMINER is actually fairing as long as dividends are being withheld and no statement on financials.
That is: Maybe we are actually still making quite a bit, but nobody really knows about it. I have a feeling that the Gen-1 boards are still in high demand, even though they are inefficient, just because of better $/Gh
Someone side that 20th of this month ,AM will be issuing its new financial statement, you may get useful information by that time. |
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At the moment I see missing dividends. I understand that Ukyo might be busy these days. I just want to keep track of them:
2013-10-06
2013-10-10
Ukyo has been paid for the two missing day Noticed , great job ~~~ |
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Hi guys,
There is a weibo about labcoin listing from someone who comes from 796:
"
今天我们有收到Labcoin股票关于希望在796流通的邮件，邮件中询问上市要求与费用并且提到他们已经公告会在这周内布署大量算力，需要一个可靠的平台来管理分红。对于Labcoin股票在796交易所的流通我们正在研究之中，我们也希望收到些好的建议，谢谢！
"
You may use google translator to check it out.
As a bagholder, I think this probably is a good news. FYI.
It's terrible news. I trust 796 less than Labcoin. Have you seen their asset list? They don't have anything, they trade each other worthless shares of their exchange and get hosed by obscene fees for the privilege. If 796 refused labcoin , then labcoin seems no where to go... |
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At the moment I see missing dividends. I understand that Ukyo might be busy these days. I just want to keep track of them:
2013-10-06
2013-10-10
The divs are not missing, he just paid 2x the next day. He is right, Ukyo is not paid for this two days... |
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To the moon!
No ,should be to the Mars..... Uranus. To the out of galaxy ..... |
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