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1042
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Economy / Securities / Re: [ANN]BTCT:BFMINES - PMB - Escrow until operation start - Bonus divs first months
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on: June 17, 2013, 01:01:13 PM
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Thanks for reaching out, TAT, I was expecting the competition to rear its head :-) I have no problem with competition, it would be foolish for ANY mining asset to think they will be the last, or the most dominant one. I just think you have earned the same scrutiny you provide to everyone else  Even if they are luckier that most people before them, and don't miss anymore milestones, the mining difficulty is likely to be 3x-8x higher by the time these are delivered to you. This is compounded by the fact that when/if they do ship these, another large chunk of hashing will go online, increasing difficulty even further.
It's extremely likely that by the time these bonds are hashing, 1mh/s will be worth only 10-20% of what it is today.
...and then the beanstalk will grow so high it will reach Mars! Like I've said, in a worst case scenario, this is not as luxurious as in a better or best case scenario, but regardless it is already priced at close to half of other *AHEMTAT.VMCOUGH* PMBs, so for those that do not subscribe to "OMG Bitcoin mining is dead in two months, the difficulty is killing us all!" they at least get 50% of their investment back if they sell those other assets and subscribe to this. Belittle the projections all you like, but you and I both know difficulty is poised to raise by the range I noted, this is accepted across the mining industry, not some bit of paranoia. You have preached to no end about the impending hash onslaught while claiming gloom and doom to ASICMINER shareholders. Now you are joining the fray, welcome! Also you don't have to mask your comparisons in coughs. TAT.VM pays its holders, and has been for weeks, BFMINES is selling promises on a moving calendar. There is no comparison, until you are actually hashing at least... This is far better priced and has a discount compared to options available today. Untrue, there are other mining assets charging less for future hashes (AMC is a great example, and they even pay divs in the interim, using mining equipment they have already) - If you believe in the perpetual proportional mining growth theory, don't by this PMB (or any PMB or mining equipment for that matter)
- If you think that mining difficulty at some pint must flatten out and you think mining will remain profitable long enough to reap a reward, this PMB is the most competitively priced asset on the market
So, what you're saying is, don't buy this asset unless you think difficulty will stop going up? Sound advice. For those of you that don't know, Furuknap and myself have had some lively debates over IRC, it's mostly just sparring, and I hope I don't look too petty giving him a hard time here, but in the end what he is selling is not deceptive or unethical (just overpriced! bazinga!) It's also not lost on me that I also sell a PMB, but I created mine partially to make it harder for people to overcharge for PMBs, including ones that seem more inexpensive. |
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1043
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Economy / Securities / Re: [ANN]BTCT:BFMINES - PMB - Escrow until operation start - Bonus divs first months
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on: June 17, 2013, 11:40:42 AM
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Hasn't the manufacturer of these miners already lost 100btc on a bet due to a missed milestone? I'm also reading that the rough initial testing of the chips didn't go well.
Even if they are luckier that most people before them, and don't miss anymore milestones, the mining difficulty is likely to be 3x-8x higher by the time these are delivered to you. This is compounded by the fact that when/if they do ship these, another large chunk of hashing will go online, increasing difficulty even further.
It's extremely likely that by the time these bonds are hashing, 1mh/s will be worth only 10-20% of what it is today.
Also, why would someone want to leave their coins dormant in escrow with you for 3 months? That is an opportunity cost, and one could easily out that coin into another stock or bond that pays 1%+ per month "guaranteed". Maybe you should have forgone the escrow and provided an interest rate?
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1046
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Economy / Securities / Re: [BTCT.CO] PAJKA.BOND - 100% PPS 3Mhash mining bond - with free ASIC upgrade
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on: June 17, 2013, 10:58:32 AM
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TAT.VM is trading better than some older PMBs because it is new and a lot of people want to flip it. PAJKA has always beeen a better investment than TAT; why do you think TAT conspicuously omitted that from his price comparison? It's not like it's easy to miss.
Just now finding these posts. Honestly, I had no idea PAJKA was a mining bond, and thus it was never included in my initial comparison chart. Your accusation is a bit off-base considering that my chart did include comparisons to other mining assets with lower prices. Also, your valuation of 15x is incorrect, if I am reading correctly that this bond is not actually hashing at 15mhs yet. Soooooooo.... quit actin' like ya know. |
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1047
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Economy / Securities / Re: [HAVELOCK] ASICM, a New Micro-share ASICMINER Passthrough!
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on: June 17, 2013, 09:49:18 AM
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Hey ThickAsThieves,
Just wanted to say that you are doing an outstanding job!
One question though, do you provide any personal details somewhere? I understand the benefits of privacy, but I just figured given your emphasis on transparency and honesty...
Best,
-Chris
Full identity info was initially provided to Havelock staff (as noted in the asset description). Thanks! |
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1048
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Bitcoin / Hardware / Re: ASICMINER Blade Sales [Temporarily Out of Stock]
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on: June 17, 2013, 04:14:11 AM
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Correct, if he doesn't lower the price (or dramatically increase the performance), then effectively you'd be pouring money into a losing proposition. Can't see anything new there--- whoever ever bought any AsicMiner mining product poured money into losing proposition. Well,except AsicMiner shills who faked first blade auction to pump it's retail price and with that the AM share they have. Can't say I feel sorry for them though I do admire them. You have to be seriously talented dumbass to get caught in AsicMiner's community robbery - like some 150$ profit margin on USBs (each of thousands of sold ones) while buyers won't sniff ROI ever. If there's one proof that bitcoin community is filled by absolute idiots there's no need to go further then AsicMiner sale threads. People buying AM blades aren't necessarily as dumb as you think they are. The blades are an asset like any other, and the biggest part of profiting from bitcoin assets is timing. When did you buy? How much did you make while you held? What did you sell for? Add those up and a blade owner can actually come out on top, even with difficulty rises. |
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1049
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: June 17, 2013, 02:43:30 AM
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Until you can use bitcoin to buy non-technological goods, and items other than alpaca sox, like jewelry, chocolate, food stuff, clothing, things that you need for daily life, then Bitcoin will have a little incestuous economy of being generated by bitcoiners to be sold on markets where speculators buy them and hold them or try to flip them, but where most bitcoin are held and not used.
www.gyft.com |
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1050
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: June 17, 2013, 12:30:00 AM
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share price continues to slide today, the demand has disappeared.
was that rise to 3 an artificial pump?
People only have so much money to spend. Wait'll Tuesday to see what the price does again. And then watch the price react to whatever the divs are. If divs are .03+ again, expect to see 3btc price again. If divs are less then .025 expect to see us fall back to 2.5ish again. Personally, I think the stock is easily worth 3btc, but the market is what it is! |
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1051
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Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
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on: June 16, 2013, 08:53:25 PM
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you know what none of this does matter if sdice release new games or make noticeably improvement on the service.
Oh, you still have hopes that this company will actually try to move forward and progress? In the time that sdice has dropped fart after fart on shareholders, people like CoinRoll.it, and even Dooglus (not to mention many others surely), have managed to innovate in this area without the backing of IPO funds. I'll believe it when I see it, and even then I'll be too sore to feel good about it anyway. This is the sound of a sinking ship, no? |
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1052
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Economy / Securities / Re: Why are people buying asic mining shares? are they insane?
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on: June 16, 2013, 12:34:53 AM
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They haven't got enough hashing power to maintain 30%. BFL hash about 400 Th/s incoming, AM's got 200 Th/s incoming taking it total to 250 Th/s, Avalon will have 250 Th/s, BitFury has 200 Th/s incoming and KnC has 200 Th/s incoming from the 500 pre-orders. That's about 1300 Th/s between them and AM will only have 250 Th/s of that. That's 19.23%. By the end of the year, AM will account for about 10-15% of the network share.
LOOOOOOOOOOOOOOOOOOOOL  So funny, thank you. Claims have no bearing on reality. You're not living in reality, are you? Based on reality, AM is the only one with accurate estimates, so really that's more like AM will account for about 80% of the network share. You know, except, they need to hold back. BFL, Avalon, and Bitfury *have all been delayed* The AM numbers come from Friedcat (initial wafer - 50 Th/s, second wafer - 200 TH/s). The Avalon numbers come from 1500 63 GH/s units and 500,000 chip sales as reported by Yifu. The BFL numbers come from this unofficial pre-order list. The BitFury number come from 100TH. The KnC number come from the 500 pre-order units. This is the reality. You can pretend it isn't as much as you want, but it won't change the facts, it'll just lead to you making poor decisions. Your numbers are missing exact dates of delivery, the most pertinent detail. Exact dates of delivery are irrelevant, what's relevant is the fact that AM now have competition and that competition will be bringing online just as much, if not more, hashing power. Because of this, they cannot maintain their current share of the network. Great, so how will you be investing? |
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1053
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Bitcoin / Hardware / Re: ASICMINER Blade Sales [Temporarily Out of Stock]
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on: June 15, 2013, 10:50:06 PM
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Here is the spreadsheet.
Did you really just use a 62 billion difficulty prediction within 12 months.... Use a more conservative number. Use 1%, then 2%. etc http://dot-bit.org/tools/nextDifficulty.phpIf you want to make the curves on your own you can change the table at the right. The next difficulty is 24%. Far higher than what my chart shows. That means you are about to lose 24% of everything you would have made in the next year if difficulty remained absolutely flat. What do you think it will be next week? 2%? Each successive 15% is a smaller proportion of the pie than the last. So it should be a good median start. The 15% or 24% increase every difficulty change will not sustain for an entire year. At some point it will start tapering off well before we hit 62 billion. In parts of the world with expensive electricity, ASIC miners and Avalons will start becoming unprofitable to operate at around the 500 million difficulty mark (at current exchange rates). People would have to be really stupid to keep buying when we get close to that point. What if all miners are on 28nm by then? |
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1054
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Economy / Securities / Re: Why are people buying asic mining shares? are they insane?
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on: June 15, 2013, 10:02:26 PM
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They haven't got enough hashing power to maintain 30%. BFL hash about 400 Th/s incoming, AM's got 200 Th/s incoming taking it total to 250 Th/s, Avalon will have 250 Th/s, BitFury has 200 Th/s incoming and KnC has 200 Th/s incoming from the 500 pre-orders. That's about 1300 Th/s between them and AM will only have 250 Th/s of that. That's 19.23%. By the end of the year, AM will account for about 10-15% of the network share.
LOOOOOOOOOOOOOOOOOOOOL So funny, thank you. Claims have no bearing on reality. You're not living in reality, are you? Based on reality, AM is the only one with accurate estimates, so really that's more like AM will account for about 80% of the network share. You know, except, they need to hold back. BFL, Avalon, and Bitfury *have all been delayed* The AM numbers come from Friedcat (initial wafer - 50 Th/s, second wafer - 200 TH/s). The Avalon numbers come from 1500 63 GH/s units and 500,000 chip sales as reported by Yifu. The BFL numbers come from this unofficial pre-order list. The BitFury number come from 100TH. The KnC number come from the 500 pre-order units. This is the reality. You can pretend it isn't as much as you want, but it won't change the facts, it'll just lead to you making poor decisions. Your numbers are missing exact dates of delivery, the most pertinent detail. |
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1055
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Economy / Securities / Re: Why are people buying asic mining shares? are they insane?
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on: June 15, 2013, 10:00:53 PM
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Income from hardware sales will obviously decrease as more valuable hardware from competitors becomes readily available.
LOL, dude, friedcat already announced price cuts on his hardware (blades). He can just keep doing this. Create good shit, *actually ship good shit in a timely manner* and cut the prices when necessary until he creates more good shit. So, let me get this straight. Friedcat has already told you that the price of hardware will be getting slashed, and you don't think that will cause a decrease in dividends from hardware sales? Which is the bigger value, x*10 or x*20? Except it's not x and x, it's x and y. When cost goes down, quantity sold goes up. |
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1056
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Economy / Service Discussion / Re: Havelock Investments - Exchange feedback/comments
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on: June 15, 2013, 09:37:14 PM
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Websocket is now live on the website. Any trade on any fund causes the "last trade price" of that asset (if its displayed somewhere on your current screen) to update in real time. In addition, the "Recent Trades" section of the order book page also updates in real time.
More of these auto-updates will be coming over time, the "last trade" was just the simplest to implement. If you have suggestions of what to live-update next, let me know!
James
Live update for the the balance!  |
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1057
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Economy / Securities / Re: [BTC-TC] Community Exchange w/ Options, DRIP, 2FA, API, CSV, etc.
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on: June 15, 2013, 07:48:21 PM
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Any plans to intergrate with WeExchange ?
similar to bitfunder it would be good to link my accounts and prevent unauthorised withdrawal.
would require issuing a 'Merchant Authorization Token'
There's about zero chance of that. Weexchange is run by Ukyo who runs Bitfunder. So having the funds for Bitfunder managed by it adds no great amount of Counter-Party risk (as it's primarily Ukyo who could steal from both). If BTC-TC were to use Weexchange then suddenly all funds deposited in BTC-TC could be stolen by BOTH ukyo AND burnside - so we'd have gone from one person being able to take our funds to two. Bitfunder using Weexchange DOES add some small measure of extra security (a thief using, say, a key-logger needs to log your login information for TWO sites instead of one to steal). But if you use a yubi-key on BTC-TC then you've already prevented nearly all thefts relying on weakness at the user's end anyway. In terms of wallet security (at supplier's end) then Weexchange doesn't add anything - someone needs to get to the Weexchange wallet instead of a Bitfunder is the only difference. It's the doubling of CP risk that makes the suggestion unworkable - in fact it would FAR more than double the CP risk (if we were to assume burnside and Ukyo were equally trustworthy) for a few slightly more complicated reasons. It's also totally unnecessary to have this feature in Weex. Your BTCT.co account already has a wallet. If you want to send Weex coins there, you already can. |
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1058
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: June 15, 2013, 07:45:11 PM
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That said, a statement such as "don't worry, we're aware of that, everything's ok" would be nice.
Too much of that and you run into BFL territory. I think board members are entitled to more transparency, but smaller shareholders should learn to not know everything - as long as you don't hear them panicking, you're probably ok - Friedcat coming by once a month for brief updates is very acceptable. IMO the crowd working itself into a mess of questions/doubts/requests: that's fine as long as it's within ourselves, but detrimental when directed at ASICminer. I agree. Even though I'm a proponent in getting questions asked to Friedcat, I do have criteria for I what I would vote for to be in the poll. I will not include questions that are rooted in greed, unhealthy paranoia, or pure speculation. At some point you have to assume a business is acting responsibly, and stop obsessing over its operations as if you were an employee. |
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1059
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Economy / Securities / Re: [BitFunder] [TAT.VIRTUALMINE] Virtual Mining - Hash Without Hardware!
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on: June 15, 2013, 02:06:59 PM
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are "TAT" and "DMS" acronyms that are not specific to just the Bitcoin world/cryptostocks?
They are ticker tags meant to let people know who is running them. Any asset I release will have TAT. on it, so you know it's me! Ohhh, does this mean that nobody else is allowed to use that tag then? Ex. is it basically "locked" to you? That is correct, however, it should be noted that I only trade on BTCT.co, Bitfunder.com, and HavelockInvestments.com currently. So if you see that tag elsewhere, it might not be me. |
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