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Ummmm.....
So you think.....
But that's not how....
Oh nevermind....
let's just hope you aren't being serious
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Share the wealth  |
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I knew these existed, but I never actually thought about getting one. After reading through your post and the reviews on amazon, I'm really wishing I already had one lol. Adding this to my wish list now, should pay for itself in no time  |
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Can I set my account to auto payout when I reach a certain balance? or only at a certain time?
It looks like you can only set an auto payout for a certain amount at a specific time each day.
Am I misinterpreting?
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From what I can tell, they are having to do transactions manually. And they also have a 2 week back log.
So if you are trying to transfer money immediately, no, it will still take a couple of weeks.
But it appears they are working with a few banks, so once they get caught up things should be smoother.
Unless you believe the conspiracy theorist on the forums that they're trying to pump and dump =P
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And now people are buying over face value, markets are silly sometimes  |
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WTB 3 USB miners for 1BTC threads incoming |
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Is there a recording of this up yet?
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You would be earning less than BTC0.00005 a day at the current difficulty. If you are wanting to test it out just to see how it works, by all means do whatever you think you can learn from. But it would be highly unwise to do this for any extended amount of time as you will be paying way more in electricity than you would be earning. As well as shortening the life of your pc.
There may be some alt coins you could look into that rely more on cpu mining, but I have not looked too much into the other ones yet so you would need to do your own research.
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I was on BTC-e a few minutes before it went down. You could buy BTC at 97.xx and on MT Gox it was in the 102.xx - 103.xx range.
I have never deposit USD to buy BTC and I was trying to do this when the site went down. I am still new to Bitcoins but it seems that the spread between BTC-e and MT Gox was large...is this normal? This could be a reason it is down at the moment.
Bitdigger2013
I wouldn't consider that a large spread, it is usually off by a few dollars. I believe most people blame this on the difficulty/tx fees of getting money onto and off of the seperate exchanges. Could be wrong tho =) |
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Not that I want to derail all this great discussion but alot of people are ignoring (or at least not talking about) a major factor. The whole point of TAT.VM was a way to simulate buying hashing power instead of buying the hardware itself....now I'm not trying to say that mining hardware is at a reasonable price right now, as I think it definitely will come down once more supply is available....but let's say for a moment that you wanted to start "mining" but you don't have enough money for a suitable machine. Just for the sake of an argument, lets say you decide that you want to try a USB miner. Most USB miners are being sold for around 2BTC if not a little more. (as i said, i think this is too high) For 330 shares of TAT.VM (the equivalent of a USB miner) i would have to pay 1.15BTC right now. Not only is this cheaper, but the dividends would pay out the next day instead of waiting for shipping and setup. Not to mention dealing with internet downtime, power outtages, etc. And there is no overhead to keep TAT.VM shares. Yes, you have to watch your investments if you are worried about losing value. No one is saying you should go and buy blindly. But to say that no one should ever buy any of these types of shares, and that they are overvalued pieces of crap is just dishonest, shortsighted, or ignorant. With the line of thinking that some people have you should just never buy any mining hardware either unless you are "promised" to get a ROI in less than 2 weeks. If you think something is overpriced, fine, that is a fair point to make. But to say there is no reason at all to own this type of asset is the same as saying you should never buy any mining hardware. Yes, it's a risk to buy into something, everything about bitcoin is risky. Decide if it's a risk for you or not, and if not don't buy it. But don't rage at everyone else that does know how to watch their money just because they can succeed while you are scared of failure. You're a little behind the news. USB miners are 0.99 BTC now. And you shouldn't buy mining bonds at 20x the hardware price. Or, as in this case, bonds that are backed by no hardware at all. I haven't been looking around the past few days, i guess they have gone down some in price, but my point stands the same that it is not a useless asset. It might be overpriced, but that doesn't mean it shouldn't exist. And for the point of the bonds not being backed by physical hardware, that is another issue altogether =P I am fairly sure it was said from the beginning that it wasn't backed by physical hardware. Personally I think this is better, if it is a person you can trust..He is not saying you are buying 1MH of a specific piece of hardware that could fail, he is saying he will pay you for a days worth of hashing. Now if you want to say TAT isn't trustworthy to pay this, I won't even get into that argument as I haven't been around these forums long enough to see what all he has done. But from what I have seen, I have no problem buying these shares if they are what I see as a good price. Which is basically what I would be willing to pay for physical hardware too. I'm not trying to claim a certain price point, I'm simply saying there is a price point where this can make it as good if not a better investment than physical hardware. And are they .99BTC for just a single one? I know that you can get this price for a bulk shipment, I was talking about a single (not that it matters much) Where are you getting 20x the hardware price? |
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Not that I want to derail all this great discussion but alot of people are ignoring (or at least not talking about) a major factor. The whole point of TAT.VM was a way to simulate buying hashing power instead of buying the hardware itself....now I'm not trying to say that mining hardware is at a reasonable price right now, as I think it definitely will come down once more supply is available....but let's say for a moment that you wanted to start "mining" but you don't have enough money for a suitable machine. Just for the sake of an argument, lets say you decide that you want to try a USB miner. Most USB miners are being sold for around 2BTC if not a little more. (as i said, i think this is too high) For 330 shares of TAT.VM (the equivalent of a USB miner) i would have to pay 1.15BTC right now. Not only is this cheaper, but the dividends would pay out the next day instead of waiting for shipping and setup. Not to mention dealing with internet downtime, power outtages, etc. And there is no overhead to keep TAT.VM shares. Yes, you have to watch your investments if you are worried about losing value. No one is saying you should go and buy blindly. But to say that no one should ever buy any of these types of shares, and that they are overvalued pieces of crap is just dishonest, shortsighted, or ignorant. With the line of thinking that some people have you should just never buy any mining hardware either unless you are "promised" to get a ROI in less than 2 weeks. If you think something is overpriced, fine, that is a fair point to make. But to say there is no reason at all to own this type of asset is the same as saying you should never buy any mining hardware. Yes, it's a risk to buy into something, everything about bitcoin is risky. Decide if it's a risk for you or not, and if not don't buy it. But don't rage at everyone else that does know how to watch their money just because they can succeed while you are scared of failure. |
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I've had some of this asset since the IPO. Although the price is fluctuating, as of today, if it sells at over .0065857, I've made a profit, after factoring in dividends. At this point, as long as I'm not desperate to sell, I come out ahead. The longer I hold it, the more I come out ahead.
See, that's not necessarily true. If the price stays above.0065, yes, you come out ahead. However, what if the market rate drops and you can only sell for .006? Or .004? I could be tomorrow or in three months, but you have to take in the bind market price as well. That is why it's called an investment and not "Free Money!!" lol The point I and I think Lorren was trying to make is that profit has already been made. Yes, you have to worry about difficulty going up, rewards going down, share price fluctuation, and many other details. But the longer it is held, the less you have essentially paid for it because of the funds you have received back through dividends. |
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Another great point to bring up about TAT.VM is the DAILY dividends. To me this is the greatest part.
I try to think of most of my investments in terms of how well i can compound the gains, to increase them even faster. If you don't know much about compounding interest and the like, I would suggest doing a quick google search and read up on it for 3-5 minutes. Most people who have never heard of it(which is actually higher than I realized) are astonished at the difference it can make. And it is not a complicated idea, just something a lot don't realize until they are told about it.
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I'd love resources as well. And thanks a lot for your help, Queezy, . You're awesome! Awww, Thank you =) My first official compliment. =) |
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That is a big part of it yes, but also don't give in to emotions and overreact. This is the hardest part of most trading =)
I haven't found any really good sources yet that talk about trading in bitcoins or bitcoin related stocks, but most of the things you learn about other stock exchanges, as well as forex markets can be a big help. The bitcoin market is still very young though, so some crazy things can and do still happen.
If anyone knows some good places to research please do share them, maybe even in a new thread as to not clog this one with unrelated topics.
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Well, the issue is that with the quickly rising hash-rates, it's going to become less and less valuable. While it may be 10% this month, next month it could be 3%, then 0.1%, etc.
I'm mostly trying to figure out if I should jump in on this now or just keep the BTC (based on number crunching I don't see the dividends paying off based on the current stock prices). I could be wrong, of course.
I feel that this is the biggest issue that people don't realize about VM. The dividend will get smaller, but the price of the bond will also fluctuate based on the expected dividend! So many people here are calculating ROI as if the price could never drop below the IPO price... You lost me here. You're saying that as the dividends drop, the price probably will as well. That makes it an even worse investment, wouldn't it? Being that you can't even sell it for what you bought it for? This is the why you not only have to research into your investments, but also keep an eye on them. The price/share can (and I think will) still go up since, as everyone has pointed out, it is currently outperforming most other dividend style investments. I am not the creator of this, TAT is, but if I was going to start this fund I would have placed the IPO price at below what I thought it was actually worth(which I think he did.) This just makes it even more likely that the market would take notice and sweep them up quickly. If you are worried about the price going down, just make sure you keep an eye on the prices so it doesn't go under what you consider to be your limit for the dividends you will be receiving. I'm not going to look up current prices÷nds and do the math, because I am tired but if you have received enough through dividends to make up for the price drop and you are still making decent profit then it is a good investment. Don't forget that by keeping an eye on it, you can sell a couple of shares when the price is up and buy when they are a little lower to increase your overall holdings. In my opinion, a lot of people using the term ROI are used to using the math for calculating hardware profitability. While there are a lot of similarities in the math, some things have to be looked at a little different. So to my original statement (tl;dr) Do research & watch what your money is doing. Math is fun when it's profit =) *Edit before anyone gets mad- I am not saying any specific post or person here is calculating ROI wrong, this is just the feeling I have gotten in multiple places around the forum on multiple subjects. My point is to be careful and make sure your math is logical and includes all the factors you can think to include (and try to include room for error.) |
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How exactly do I make this work??? What do I do with the script? paste it into DOS or Python or something? I hate not knowing anything about coding, since everything surrounding bitcoin is so coding-intensive
upload to webserver -> Go to address As long as all dependancies are setup you should be good to go. Webserver? So does this mean it won't run on a desktop pc? If anyone feel's like giving an oversimplified explanation (or a link) of how to run a script/program like this it would be very much appreciated. I've looked at some very simple java stuff before (should I admit it was minecraft or hide that in shame? lol.) And I have worked on a website or two, but only through a control panel and UI with alot of drag n drop, so I really know almost nothing about what it takes to code or run these types of bots. |
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I have two XFX 5870s that just need new fans. I used them before I heard about bitcoin, so they were only used for gaming and a maybe a couple of months sporadically on BOINC projects. I thought about fixing them and building a 2cd machine just to mine, but I would have to buy all the other parts too. Everything was working great on them (ok maybe not always ATI's drivers lol) until the fans died. One fan completely froze up and one just sounds horrible.
If you might be interested shoot me a PM.
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I almost bought a couple of shares while I was spreading some coins around on Bitfunder, but the interesting name made me want to look it up first. Glad I did. =P
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