I regret I sold 5 of my shares last week, luckily I still have 10
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Great, could not wait for the first dividend.
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2% per week...too good to be true
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we are back to 129 No, we even break resistance at 130.
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There ought to be a bottleneck to the manufacturing line(the hardware is made by VMC run by a few people only), having 1mil of chips in inventory is the same as having 10k if your manufacturing line cannot cope up with the large number. I would advise against fixing the price just to raise capital which might not all be necessary, doing this would only hamper the power to raise necessary fund for the company in the future.
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Seems like 0.0005 is the right price if you want to raise money quickly, you've got over 700btc in a single day as opposed to 100-200btc when you were selling it at a much higher price.
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down for me too, and I am from Hong Kong.
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Div/share per month calculation. Maybe I missed it here. Can someone give the formula?
Since each share = 200MH/s, you may use a standard mining profitability calculator to estimate the profit for each share. please try: http://www.bitcoinx.com/profit/ ( Forum warning: Possible phishing link!) modify hash rate to 200 modify difficulty to the estimated difficulty for July then deduct management cost and electricity cost
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Yes, as soon as I get my shopping cart to work with bitcoins, I have already done this before, but the shopping cart is a new to me, so it is taking a little time. Also, so semiconductor stuff in front of doing that. I hope it will be today.
Hi Kslaughter, can you prove that "Kenneth E. Slaughter" exists? I am extremely skeptical. I will verify his existence. He is my Uncle and my employer. Gerald Slaughter I'm pretty sure that this will not suffice since we can't verify your identity either. I think he's looking for something like an ID, a past business he worked at or at least a utility bill in his name. (mtgox inspired me for that one) From my search, Virtual Mining Corporation is a registered company in Delaware. You may search for it here: https://delecorp.delaware.gov/tin/GINameSearch.jspThey registered through an agent though...
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Does it mean that a fixed dividend of 0.01 * 0.05% = 0.00005 btc per share is paid every day?
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Keep in mind that 0.0001 BTC is less than 2 cents. If you want fast confirmation times, paying a fee of 0.001 BTC (less than 15 cents) would ensure confirmation within 1 hour.
Thats the problem of Bitcoin, you have to pay more to ensure it is done quickly. What if I am going to buy just an apple that costs $0.5, then I have to pay $0.1 to have it confirmed quickly. That's 20% of the cost and I have to stand there for an hour like an idiot. Bitcoin as a fast payment method is a joke.
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2013-05-24 17:38:18 Posted By: Support Staff
Hi Riku,
Thank you for bringing this to our attention. We will begin investigating this immediately as it could have very serious consequences.
Thank You, BitFunder Support Let's see what BitFunder thinks about using IPO shares to pump and dump the market. Hope that the stock would not be delisted, we will all lose big if it happens.
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Asicminer should be the safest stock to invest in, but the current price is quite high, I would not recommend you to go all-in.
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I wonder if one day, the government decided to give pressure to ISP, maybe it will affect most of the bitcoin traffic negatively, anyway the internet itself is firmly controlled by ISPs
And the ISPs in China are firmly controlled by the government.
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no way, the only way is up!
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Exactly, the hash rate will obviously keep increasing at a very fast rate as more players join the game, a project that is not designed to scale will be an always shrinking venture, losing % of the total hashing power everyday. This is where a lot of people get it wrong; there is no direct link between hashrate and earning. There is a direct link between percentage of network and earning, at least for the mining part of the equation. If AM rolls out 500TH and nobody else has rolled out more, then Bitcoin as we know it is dead.
Exactly! So from an investment perspective, 100TH can only DECREASE the % of total hashrate they own, while AM can increase (if they choose so). This means that from the moment 100TH launches it will ALWAYS produce less and less dividends as time passes. While AM can at least stay constant or even increase (as they also sell hardware, don't forget that). The same applies for all mining hardware. We are buying shares of a 100TH mining hardware here, we all know clearly we will get 200MH per share before buying, whose network share would decreases with time. The strength of asicminer is their PROMISE to upgrade their mining hardware with time, whose cost would likely be reduced from your dividends. I don't know exactly their policy of giving out dividends, but for a normal company, all operational, purchase or investment costs should be be deducted from the income and a percent of the revenue is given out as dividends to shareholders. With that said, all shareholders are paying the cost of hardware upgrades indirectly in order to keep asicminer's hash rate up with competition. In the case of 100TH, we don't need to pay for the upgrade cost but we won't get a progressive hash rate either, but with 100TH, it should be able to stay relevant and give out hefty dividends within a year of two. The only question is whether they will deliver on time.
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Is it possible for china to block all bitcoin traffic?
They only need to shutdown the exchanges in China and block internet access to all major Bitcoin exchanges overseas which should be a very easy task to accomplished. But their people would certainly find some ways to workaround that...
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