|
That seems okay to me. 1 share for 3 coins. you can post my info.
|
|
|
|
Considering the amount of 'proof' that is available around Bitfury, Bitcentury and Metabank I feel fairly confident that the miner will indeed be delivered and maybe even on time  It would be nice about 120Gh divide by 12 = 10Gh a share. maybe 110Gh divide by 12 = 9.167Gh a share |
|
|
|
|
good sounds like a bit of fun may end up better then my other bfl investment.
|
|
|
|
|
I sold off some AM stock to buy into this.
I have
1) Am Stock
2) bfl
3) a gpu farm
4) and now a share of this
Within bit coin world i am pretty diverse with my holdings
|
|
|
|
Can I send 2.5 coins then .5 coins an hour or 2 later? I have 2.5 coins I control right now and I will transfer the .5 from one account to the one I control.
I prefer you wait until you have the BTC3 as it simplifies my organization to only deal with BTC3 increments. OKAY coins cleared i will send 3 btc. 3 BTC SENT AS OF 11:22 am usa east coast time |
|
|
|
|
Can I send 2.5 coins then .5 coins an hour or 2 later? I have 2.5 coins I control right now and I will transfer the .5 from one account to the one I control.
|
|
|
|
I like this post.. very clear perspective!
don't get me started on how everyone dumping their GPUs at the same time is going to affect the resale value.  or make a really good litecoin mining site have more value . as of today I have to estimate 50Th in gpus. Avalon has not fully shipped all of the second batch if they have they have 40Th Am has 30Th that is 70Th Am sold some gear lets say that is 10Th (it is less) so you are at 80Th and BFL has shipped about 60 Jallys that is .3Th so that is 80.3Th lets say BFL is mining on the sneak that is 3 Th total max of asics is 83Th the network fluxes around 120-135Th leaves 40 to 60Th in gpus. hey my gpus make money and would make money at a difficulty of 21 million. I have shrunk down to 6Gh at 2200 watts and 16 cents a kwatt at todays rates this is 25 bucks a day after power. at a diff of 21 mill I would be at 9 bucks a day. toss in money lost to Air cond and my 750 monthly profit in the summer is about 600usd. So gpus will stay longer then you may think. then when the winter comes round my gpus earn 100 in heat rather then lose 150 in cooling. I also have a lot of hd7790's which are pretty good. If some makes a really good litecoin they all gain more value. |
|
|
|
|
The reason hash is low is no other company is releasing hash a a big rate. I feel that AM can go to 40Th over night they do not want to do this.
They want to grow in the 20-30% slot parallel to the network. So while 2.5 coins for 75MH/s plus sales sounds bad. It will keep at a 20-30% rate to the rest of the network which makes it a good buy.
Last august I had 2Gh/s the network had 17Th. I now have 8Gh/s the network has 120Th I am loosing ground with my gpus. I can get to 11 or 12 Gh/s with gpu/s in the winter not the summer. so my growth is frozen as a miner. Am allows me some growth which I am grateful for. I can even cut my gpus back which I have from 11 to 8 Gh/s worth to cope with heat.
|
|
|
|
I guess with the 5% fee on the PT, you can afford it.
lol, Do you realize that I haven't made 13.8btc from all the 5% dividends in 4 weeks combined since I opened shop? I also had application fees of 5btc on BTCT. I'm not saying I don't make a profit, but please understand how small 5% div-mgmt fee really is. I had 100 shares I got .025211 twice so I owe you .025211 figure out a way for me to pay it to you. I don't mind paying it. I just read this and before I did I sold off 40 shares. Looking to buy more asicminer- pt. But my 2x div was based on 100 shares. So when you figure out how to be paid let us know. Phil |
|
|
|
waiting for the first one to say its wednesday and i still have not received my divs yet  okay here it is; Why have't I received my divs I am nervous that something has gone wrong |
|
|
|
Very hard to estimate based on the forum and research.
I got in at 1.5 per share, and am thinking about selling at this point.
Can someone offer some projections based in fact? All I'm reading is about good dividends (good news) but share price has been pretty stable the past week and doesn't show much trade volume, what is going to change?
How long are some of you thinking of holding for?
okay lets say you have 10 shares cost you 15 coins. list 5 at 2.8 sell for 14 coins. cost for the 5 shares you have = 1 coin do nothing but collect dividends on the 5 shares. in a few months time cash the dividends . once they get to 1 coin. you will now have 5 free shares of am stock |
|
|
|
|
I think 2.9 to 3.1 can happen.
Blades and sticks are over priced. I know it is a balancing act but I can buy hd7790's at 130USD vs 240USD for a stick they hash the same rate. the hd7790 burns 32 cents (at 16 cents a k-watt) a day in 100 days that is 32usd in 200 days that is 64usd in 300 days that is 96usd
So after 300 days I am still better off with the hd7790. As I spent 130 plus 96 = 226 vs 240 usd.
I also still have a video card worth 30 to 50 usd.
The sticks don't sell fast any more. Lowering the limit to 50 closed out some sales but they were lingering for more then a week just to get to 193 sticks.
So stop sales for 1 week to 10 days to get people nervous then drop the price to 1.5 coins.
Since we have lots of hash power on ice selling sticks at a lower price brings in money And allows us to have more solo hash.
|
|
|
|
Dividends sound good to me. Last week stock price got close to 2.85 before the dividends posted. I wonder what they will do this week. Tat.AM got over .03 last week.
|
|
|
|
Thanks! the difference between the two scenarios is tied to share price or Bitcoin price ? Neither the differences are tied to earnings per share. Earnings are from coins earned and mining gear sold. Then minus power cost expenses etc. Pretend 100 shares earned 2 coins mining and 1 coin worth of gear was sold in a week. 3 coins came in divide by 100 you get .03 coins earn per share for that week. So a 100% give back for that week would be .03 coins per share. Of course AM may hold back some of that to build more mining gear or to pay for power etc. I think the best dividend ever was .036 or .037 per share. I think the worst one was .0013 or .0014 per share . I hope he's just throwing random numbers and not thiking about buying 1,000 shares without knowing how to do the maths LOL I often wonder what people think or want when they ask simple general questions. I wish I had 2400 to 2500 BTC to spend on AM stock. |
|
|
|
Thanks! the difference between the two scenarios is tied to share price or Bitcoin price ? Neither the differences are tied to earnings per share. Earnings are from coins earned and mining gear sold. Then minus power cost expenses etc. Pretend 100 shares earned 2 coins mining and 1 coin worth of gear was sold in a week. 3 coins came in divide by 100 you get .03 coins earn per share for that week. So a 100% give back for that week would be .03 coins per share. Of course AM may hold back some of that to build more mining gear or to pay for power etc. I think the best dividend ever was .036 or .037 per share. I think the worst one was .0013 or .0014 per share . |
|
|
|
My research and conversation with smart dudes has led me to the conclusion that selling hardware is much more important than growing the mining farm. This is not to say that mining is worthless in comparison, bit that it's profitability is very temporary.
We need to be much more keen on hardware sales than begging AM to get to 50TH, 200TH, 1000TH.
Furthermore, it can be argued that AM should abuse its dominant position to the point of rapid commoditization of mining equipment, because that is where things will end up. It is better for them to reap the rewards, than to wait for more players to enter the market.
They should then use their resources to transcend the mining hardware/farm market altogether. Ideally they would time this right at the tipping point of total commoditization, and get into a tertiary market like custom decryption for governments, or alternative ASIC designs for other purposes than bitcoin.
I've read some old threads that mining was a means of bootstrapping the company to sell hardware. It seems ATM that the volume of blade sales, while tasty, is not yet earth-shattering (when AM does most things so well expectations are high). This is due to setting a price point at which a handful of early adopters were willing to pay. A lower price point would certainly ship a ton more blades. The high price point of the moment seems to invite competition (100TH, KnCMiner and the open-source brigade, and yes even BFL and their crippleware) and disparaging remarks from the GPU crowd (even though I think if they properly accounted for their cost of operation they'd see blades are cheaper). I can understand the viability of the commoditization strategy; perhaps it is too early for those of us looking in at AM from the outside to see exactly how it will be conducted. While things like the USB sticks will put ASICs in many hands, it won't discourage competition. Perhaps it's better that we hoi-polloi investors aren't truly aware of how it will be done. I can imagine a casual friedcat announcement appearing in these pages in a few weeks that suddenly makes it clear to everyone exactly who the winners and losers in this game are. You've got the right idea. See, AM does not have to sell "cheap" hardware, they must only be the cheapest currently. Right now, no one is shipping, so AM can choose between selling somewhat overpriced hardware, or mining with it themselves. For now, that mixed approach works. However, scaling up a mining farm, exposes us to liabilities like depreciating hardware and infrastructure. So their approach must be calculated, always looking for when the time is right to lower hardware retail prices. yeah 23 to 30% share of mining at all times is a good thing for now. you need 2 places at a minimum to mine. selling mining gear a bit overpriced works to make money and keep the percentage of mining in the 23-30 range |
|
|
|
https://btct.co/ seems to be down at the moment. Does anyone here know what happened? ddos MtGox is probably green-eyed for this:) true but the attack is annoying I was going to list 5 of my 10 shares for 3.01 coins each can't do it now. |
|
|
|
https://btct.co/ seems to be down at the moment. Does anyone here know what happened? ddos |
|
|
|
Solo mining provides
1) No operator fees
2) All transaction fees (which have been consistently rising since Bitcoin started)
3) Less risk from pool owner trust
4) Less risk from pool downtime and DDOS attacks
At a cost of
1) More variance (who cares when you have significant hash power) and 2) No merged mining. This is important because, according to Dustcoin, Namecoin currently adds 6.42% ( BTC60.6 or $7410.17 a day) to 21TH of mining. That's not chump change; perhaps Friedcat can buy merged mining software from Dr. Haribo or doublec. good point they could also fund dr haribo to a better server and hash more on bit minter |
|
|
|
Hey would it be possible once AISC's take over BTC mining that Mitminter could release a LTC version of the mining client?
I find all the scrypt mining really unweildly and I don't trust the proxy that alot require.
yeah I could really use this as i am still stuck will all gpu farm around 8GH/s I have no idea when I will get my bfl gear. Asic miners usb sticks are more expensive then adding hd7790 gpu's. So down the road LTC is going to be a must for me. Having an LTC miner like bitminter does for btc coin would be really nice. I would think you could do very well with it. |
|
|
|
|
Show Posts
