Bitcoin Forum
May 15, 2021, 09:51:50 PM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 »
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🌟🌟🌟 ChronoBank ICO is live! 😍 3000+ BTC collected. 😍 JOIN NOW! 🌟🌟🌟 on: January 18, 2017, 01:07:43 PM

Very interesting project.
Currently just over 3000 btc funded. Is this enough so you could start this project with not being forced to further dilute TIME token by e.g. some kind of 'secondary offering'?
2  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 17, 2014, 01:50:46 PM
I want to share some thoughts on funding and the danger represented by Bitfury.

...
I do not think Bitfury has to be externally funded, ...

Yes, this could be true.


I want to share some thoughts on funding and the danger represented by Bitfury.
...
...
Moving forward I think AM will hang in there, but will they be highly profitable? (pretty unlikely in my opinion)...

Agree, especially if by highly we understand profitability of early 2013. Currently, in general, expecting high returns on mining investments is a pure, difficult to justify, gamble.
AM's case when considered with respect to the share price is a bit 'special' because of failed gen2 and quasi failed gen3 - successful gen4, depending on timing and competition performance, could yield a nice return for those willing to risk their capital. I say risk capital because failed gen4 will be very harsh for todays buyers.
3  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: December 17, 2014, 11:40:46 AM
I want to share some thoughts on funding and the danger represented by Bitfury.

First of all I see no reason to doubt in honesty of statements made by FC (or Jutarul). If he says AM is able to operate for some time regardless of Btc price (btw - touching 200$ is a realistic possibility) then most probably it is the case. This is very important because we could face low prices still for some time. A game changer in this topic could be approval of first bitcoin ETF but I have no idea when (if) SEC could do it.

Bitfury, bitfury ... They are very canny with tapping fresh VC funds and creating sense of confidence. But, please, don't confound VC money with so called 'smart' money. I assure you, there are a lot of 'not that smart' VC money. What's worth noting  is the inability of Bitfury to fund itself internally. If history repeats (rhymes  Wink) they could just burn those new 20mln - especially if Btc hovers around 200$ in 2015-2016. Does this mean Bitfury is not a real danger for AM?- 'au contraire'! With such funding they could be able to try to flood everybody with new cost effective equipment sometime in 2015. But remedy is simple: AM must

a) stay cost effective
b) be innovative (gen4 success seems to be 'a must')
c) never succumb into fallacy of 'le grandeur' which, for example, in current environment means no debt.

If AM works this way then I don't see how Bitfury's new chip could bankrupt AM. Of course, dividends will highly depend on competition performance. Seems, interesting period ahead of us. 
 

4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|ICO LIVE on Bter on: November 15, 2014, 08:22:36 AM
This type of valuation will require real success of the platform. Dave and BitBay Team, the ball is in your hands.
I'm really curious about what the future brings.
5  Bitcoin / Mining speculation / Re: Difficulty slowdown: Is this turning into a long-term trend? [Discussion Thread] on: October 28, 2014, 11:39:45 AM
Interesting charts.
What they say is actually the reason why I'm skeptic about possibility of important increase of btc/usd price in medium term - large miners tend to sell a lot of mined bitcoins to cover capital costs and fund new capacity.
6  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: October 28, 2014, 08:46:29 AM
...
I can give two examples of publicly available contracts ...

Could you answer the original question?  Which contract were you invested in and when did you purchase it?
thx.

Sorry, everything I could say about this is in the previous post.
7  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: October 27, 2014, 03:41:26 PM
...Some time ago I bought cloud mining contract that already returned above ROI and is still paying...

Could you be specific?  What contracts, when bought.
thx

Yes do tell...as I have never seen one that did well. It must be a private setup?

I can give two examples of publicly available contracts with which it was possible to ROI (in coins terms). One is mining bitcoins and it's PBMining - if bought in February it'd be already positive. Second is mining altcoins and it's LTCGear - the best time to buy them was at the time they allegedly deployed new chips (around July).
However, I don't have 'smoking gun' evidence of legitimacy in both cases.
In PBMining case positive ROI if calculated as of today in fiat would require successful hedging of your investment and would be more difficult to achieve.
8  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 27, 2014, 08:03:06 AM
A few words about AMhash (taken from AMhash thread):


As for AMhash. Buying it is similarly cost effective as buying Prismas - details varying on specific individual cases. It could give positive ROI (though probably not that much).

From a perspective of AM shareholder situation is a bit different because buying AMhash helps AM to resurface as successful operation. So, an AM shareholder buying AMhash while retaining realistic chance to earn a few coins effectively gives AM a hand. Frankly, the last conclusion increases my personal risk tolerance. 
9  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: October 27, 2014, 07:50:59 AM
I do not think anyone has trust issues with AM or RM (both companies are legit). Everyone knows that these types of investments NEVER make the buyer a profit...only the issuer. You guys have a lower cost for maintenance, but it still will not return a positive ROI.

Not so sure. Timing is key. Some time ago I bought cloud mining contract that already returned above ROI and is still paying. However, predicting future difficulty is a very tricky task and being consistently right would probably require either crystal ball or "Back To The Future" Almanach.

As for AMhash. Buying it is similarly cost effective as buying Prismas - details varying on specific individual cases. It could give positive ROI (though probably not that much).

From a perspective of AM shareholder situation is a bit different because buying AMhash helps AM to resurface as successful operation. So, an AM shareholder buying AMhash while retaining realistic chance to earn a few coins effectively gives AM a hand. Frankly, the last conclusion increases my personal risk tolerance. 
10  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: October 25, 2014, 02:08:15 PM
Before BTC rise to 10k, I expect to see many mining companies bankrupt.


Right, and many projects are already closed or quasi dead. Hopefully AM will survive.
11  Economy / Securities / Re: AMHash1: Cost-Effective Mining Contract on: October 25, 2014, 01:53:54 PM

AMhash is absolutely right move and your comparison with buying Prismas very pertinent. Now, think long term and build confidence. Look at cex.io, they are able to sell new hashrate at about twice the price while charging higher maintenance fee. Trust and confidence.

12  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 24, 2014, 07:43:21 AM
Several very pertinent posts - just above.

Every period has its own opportunities even for the 'small guy'. The trick is to spot them. For example:

1) an operation like AM could succeed with it's plans and right now one share costs just ~0.15. Yes, predicting it is speculative and shares could go to zero. But believing that large gains can be achieved without appropriate risk is infantile,
 
2) large mining operations are killing my miner's profitability? - what about taking advantage of depressed prices and accumulate btc? Each month, for a fracture of my income. In fact, current low prices are to large extent the merit of those mining behemoths. In a few years I could look very, very smart with this simple approach. If/when the price spikes I could even buy a miner - of course only if appropriate opportunity arises

3) why not to try some arbitrage even if just for fun - serious attempt requires time and dedication.

Eagerly looking for good news from AM  Wink

13  Economy / Securities / Re: ASICMINER Speculation Thread on: September 19, 2014, 06:43:52 PM
Good funding for gen4 seems to be crucial - competition is announcing new solutions (though, rests to see if realistic). Time-frame for really successful gen4 deployment seems to shorten.    

AM sold enough chips in less than a month in April to pay for gen 4 but used the money to fund the 60 Ph/s worth of gen 3 chips as gen 4 wasn't ready then. Given the months of chip sales, Tube sales and self-mining since then, AM likely acquired enough funding for gen 4 long ago. They just have to make sure it's free of major problems and get it out the door as soon as possible.

Let's hope, performance is going to be at least as planned.
14  Economy / Securities / Re: ASICMINER Speculation Thread on: September 19, 2014, 06:21:41 PM
There are also only ~5k BTC between $100 increments on the bid side at any given time.  You wouldn't have to dump the whole purse to create a massive impact.  

Why?  If you're trying to push the price down, you'd get a whole hell of a lot of help from margin calls along the way.  Imagine if the US Federal Reserve, now that its bought up all the MBS assets it wants, reestablished the market and pegged it to treasuries, allowed investors to speculate on the price, and then ended up anonymously bullying the bonds through wave after wave of margin calls...wouldn't be too different, as ASICMINER (acting as a presumably significant part of the network) literally performs the exact same money-printing function for what is currently an inflationary currency.

Shallowness of btc exchanges is a real issue and large players are surely trying to ride it. Also, big industrial mining operations are only adding to the downside pressure.
Another question is if AM is engaging in such speculative endeavors. Frankly, though AM could profit from btc price weekness, I would be extremely surprised  Shocked finding this being the case.

 
15  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 19, 2014, 06:03:48 PM
Has anyone explored if Friedcat was the mysterious backer who bought up all the shares and they are currently working to setup and deploy these immersion cooled tanks?

Not speculating or anything, was just wondering if anyone had thought of this or explored whether or not Friedcat could be one of the mysterious backers of this project?

If officially confirmed this would be great news - especially that AM will need a lot of capacity for gen4.
16  Economy / Securities / Re: ASICMINER Speculation Thread on: September 19, 2014, 05:50:20 PM


You're ignoring the BTC income from selling chips and miners.

Just trying to stir some discussion in this thread  Smiley.

Yes, hopefully, miners (chips) are finding buyers. Good funding for gen4 seems to be crucial - competition is announcing new solutions (though, rests to see if realistic). Time-frame for really successful gen4 deployment seems to shorten.    
17  Economy / Securities / Re: ASICMINER Speculation Thread on: September 19, 2014, 04:00:56 PM
I'm a bit cautious about AM having large btc reserve:
a) on the 'saloon' FC talked about negative balances, whatever he meant it's reasonable to assume AM hadn't a lot of btc in mid-July.
b) since then the whole network mined around 250k,
c) to mine ~60k would require almost 25%
Not viable.

Of course FC could have been engaged in speculative and highly rewarding transactions.  Wink

 
18  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 12, 2014, 10:51:37 AM
Has anyone else thought about this type of diversification or had any similar ideas for growth?  I think they'd be worth communicating to the board, and perhaps in a town-hall setting (shares = opportunities to speak?)

FC used to talk about diversification and idea for growth besides mining. From what I can remember he wanted to start various services around the blockchain like an exchange for example, but it seems that he forgot about those plans or the mining business didn't allow him to concentrate on anything else.

Yes, this is very interesting.
However, for the moment, FC should be 100% concentrated on getting AM on track in current model (chips, miners, self-mining) - just a matter of priority.
When AM claims, in sustainable way, let's say equivalent of 25%-30% of network hashrate, then such ideas could be absolutely great for the more distant future.
19  Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It on: September 12, 2014, 10:40:53 AM
1) IMO this is the most plausible explanation of recent inflows to 1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i:

...
The answer to "why not all at once?" is: Because they don't want to manually log into all accounts every week/month and dump coins into the mining distribution wallet.
...
So really, there's nothing to suggest hidden hash power at BTC Guild, and this was not an attempt at share price manipulation.
...

2)  I don't think the above implicates imminent dividends. Before September there was a transaction of around 51btc and ... we are still waiting.

3) I'm convinced AM has more hashrate outside BtcGuild - net income is probably used/stashed for production/deployment/development.

 
20  Economy / Securities / Re: ASICMINER Speculation Thread on: September 06, 2014, 02:45:45 PM
Playing the rumors and news cycles on the orderbook is a big risk at this point. If dividends come you are 100% shut out, and it has been a long wait to come to this point so I feel the amount of investors working this angle is exaggerated.
100% true.


Interesting. Worth reading in it's entirety.
Pages: [1] 2 3 4 5 6 7 8 9 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!