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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 17, 2013, 03:31:38 AM
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I'm well aware of transaction fees; their potential simply does not justify ASICMiner's P/E of 100, especially as their first mover advantage is about to come under fire. The magnitude of the hype around this company is unreal.
How do you come up with a P/E of 100? P/E = (share price)/(earnings of last 6 months*) = 4 BTC/0.5 BTC -> P/E of 8 *should be "earnings of last 12 months but AM's only been mining for 6 mos. Correct or no? P/E is annualized so you should convert the earnings of the past x months to 12 months before computing the P/E. Still I wanted to see how the person I was responding to computed a P/E of 100. I have a feeling it will be "fun". In order for AM to have a P/E of 100, share prices would have to be 50 BTC/share. I'm bullish on AM but I don't see that as a possibility (at least in the near term). EDIT: I can confirm that they've paid 0.50 BTC/share, I've kept record of every single dividend payout since Feb 28 (first payout).
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243
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 17, 2013, 03:26:38 AM
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I'm well aware of transaction fees; their potential simply does not justify ASICMiner's P/E of 100, especially as their first mover advantage is about to come under fire. The magnitude of the hype around this company is unreal.
How do you come up with a P/E of 100? P/E = (share price)/(earnings of last 6 months*) = 4 BTC/0.5 BTC -> P/E of 8 *should be "earnings of last 12 months" but AM's only been mining for 6 mos. Correct or no?
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245
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 16, 2013, 02:50:36 AM
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Obviously Bitcoin is too small a universe to have had a similar company yet. But I am reminded of South African gold mining companies in the 1970s, where companies would rapidly and regularly pay out dividends bigger than their IPO.
His response (whether you agree with it or not): Update About the argument of dividend payments, our view is that we will distribute the net income after necessary costs are excluded and funds for foreseeable future (expansion, gen-2 chips) are reserved. Bitcoin is already an investment itself having a great potential. Any investment, no matter how profitable, based on "turning Bitcoins to fiat first" requires double consideration. We can invest the RMBs to bonds and they are almost bound to be more profitable than just holding the RMBs, but we can never say the same to Bitcoins.
So we feel that it is most responsible to let the shareholders decide how to do with the abundant Bitcoins. We will of course find other investments (which are focused on helping the Bitcoin economy therefore benefit all Bitcoin holders), but they are all involved in different risk and return model than a mining/mining hardware company. So if there are new investments, they will be as new adventures, in new collaboration structures, and after a significant period of time since ASICMINER is always the most important job for us to do before the company could gradually run itself with a little less founder involvement.
Or, maybe it reminds me of dot com companies around 2000. Not that those companies didn't have great ideas that would play out in the long run, just that they were all horrendously overvalued and awash with competition (ex. Cisco and Amazon, which both crashed ~90% and took a decade to recover).
This venture is indeed the most successful, but is it worth 1.6 million bitcoins?
That is for the market to decide, time will tell.
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247
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Economy / Securities / Re: Legal Risk you should know when you invest in CHINESE BTC Stock
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on: August 15, 2013, 04:18:49 PM
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Isn't ASICMiner in China?
They were fortunate enough to evade that (at least from what we know on the forums). Their IPO took place before all the hype/fervor came to Bitcoin. Kind of makes you wonder if this ends up giving AM the edge, with all other projects unable to crowdsource funds. However, it also does mean potential difficulties should BitFountain decide to issue more shares. But aren't they STILL in china?? Yes, Shenzhen I believe.
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248
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Economy / Securities / Re: Legal Risk you should know when you invest in CHINESE BTC Stock
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on: August 15, 2013, 03:15:23 PM
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Isn't ASICMiner in China?
They were fortunate enough to evade that (at least from what we know on the forums). Their IPO took place before all the hype/fervor came to Bitcoin. Kind of makes you wonder if this ends up giving AM the edge, with all other projects unable to crowdsource funds. However, it also does mean potential difficulties should BitFountain decide to issue more shares.
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250
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Economy / Securities / Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
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on: August 14, 2013, 10:48:45 PM
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why's Am only mining 10% of network - needs to start going up
It would be cool, but what gives BTC its value is the spread across miners. More income = less miners = slower adoption = less total value. 10% to 20% is well chosen value. AM is in the business of mining AND selling HW. Less people will buy HW if the difficulty and total net HR skyrockets.
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252
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Economy / Securities / Re: [BTC-TC][IPO]ASICME-Our Conquest Is the Sea of Stars
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on: August 14, 2013, 04:10:53 AM
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Yangyaorui is the most ugly shiting ass and ASICME is the chinese least wanted team. They always do their best to distroy everything! learn BFL on products pre order learn avalon on self-mining learn IPO from chinese black stock market.
Congs to you foreingors , after fucking down chinese users,they are going to insert their disgusting dirty dicks to all of you.
It's a bit uncalled for. Let ASICME explain first before getting the tar and feathers ready.
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253
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: August 14, 2013, 03:04:40 AM
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Guys, we've been doing it wrong! Mr. Icahn just showed us how to make money! 1) Buy large position in ASICMiner 2) Tweet your large position in ASICMiner, saying that it's undervalued; speak w/ friedcat, "more to come" 3) 4) Profit!
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255
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Economy / Securities / Re: ASICMINER Speculation Thread
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on: August 14, 2013, 12:56:56 AM
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Long Term Div Prediction:
We will see 0.05/share for dividend payout within the next 8 weeks.
first time posting here...so please correct me if i've got something wrong on what is your prediction based on? imo a lot is changing soon with the new startups and 2nd gen mining knocking on the door (though these miners will probably be distributed at the earliest during late fall/ winter) shortterm looks good with more hardware sales for asicminer but I have no clue on midterm to longterm prediction. Do you assume avalon and cointerra and several others don't stand up for what they promise while asicminer will stay in the background until friedcat suddenly shows up with a nice product? Or will shareprice sink so low that higher dividends are used to push it up again? I could've meant it as a cumulative dividend. With everything that's happening, you could argue either way for whatever you do hear. August is before all the mining machines supposedly ship. Just a hunch, nothing more.
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257
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Economy / Lending / Re: I need 0.50 btc for Marijuana on Silk Road
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on: August 13, 2013, 04:39:23 AM
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No no way, i hate going to doctors. They always prescribe you these medications like Xanax and all that jigga boo stuff, my aunt took that and she was a wreck. Poor woman, she was like a robot on her meds, and they were controlling her, i honestly do not know what a doctor would say to me. I have anxiety every time i go to them.
Weed is actually not bad at all, in fact it never did anything harmful to me. I smoked ever since i was so young. Honestly nothing bad about it at all. Always helped me throughout my life
Doctors do NOT always prescribe something to "fix" problems. While there are folks that do receive medication for psychological instability, it is not done so "they can control them." People nowadays are starting to be aware of neurodiversity, ranging from autistic to "sane." As there are people who are susceptible to obesity, there are those who are mentally inclined to certain areas of psychological spectrum. Are there down swings to psych meds? The side effects are there, no doubt about it. The difference is that you KNOW that they are coming, it will be hard but steps can be taken to mediate them. The alternative is to do nothing and have mental/emotional swings so severe, that you do something drastic and ruin your record. If you choose not to accept help AFTER understanding the risks, that's on you. The worst thing one can do is to make an uninformed decision, rather based on anecdotal evidence. *gets off soap box*
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258
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Economy / Securities / Re: Amethyst - IPO OFFER NOW OF ONLY 1BTC A SHARE
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on: August 13, 2013, 02:45:30 AM
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No probs, awesome few weeks for trading, sorry for lack of updates but wow just been intense week of trading, i managed to sell 100 asicminer shares for 3 btc each and i purchashed 150btc and in labcoin and 150btc in btcgarden
NAV per shares is now at 2btc a share.
This guy is more transparent than glass... Quick, where can I send my BTC?!?!
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