10 ASICminer direct shares - Fixed Price

[GreatBug]

I'm willing to sell up to 10 of my ASICminer direct shares at a fixed price of 3.0 BTC per share.

Yes, I know this is above recent market prices of ~2.6 - 2.7 each, but this format might appeal more to people who want to avoid the timing of traditional auctions or don't fully understand/trust 'pass-through' shares.

I would prefer to sell in chunks of 5 in order to keep friedcat's overhead to a minimum.

Escrow through JohnK is fine by me, but you pay the fees if you want it.

Thanks!

[TheJuice]

Bubble of ASICMINER?

@ 3 BTC per share, ASICMiner is worth >10% of all the bitcoins that exist... Crazy.

[GreatBug]

Yes, I agree ASICminer is probably approaching 'bubble' status -- that's why I'm willing to sell a few shares

While probably not worth >10% of existing coins, I believe they do control over 10% of today's hashrate (and growing!)

[TheJuice]

Yes, I agree ASICminer is probably approaching 'bubble' status -- that's why I'm willing to sell a few shares

While probably not worth >10% of existing coins, I believe they do control over 10% of today's hashrate (and growing!)

Last check they were around 20% total hashrate. It's worth 150 million. I'm not sure if they give out 100% of profits, but based on last weeks dividend/profit the P/E ratio is 78, I believe.

[GreatBug]

Last check they were around 20% total hashrate. It's worth 150 million. I'm not sure if they give out 100% of profits, but based on last weeks dividend/profit the P/E ratio is 78, I believe.

I believe they generally distribute 100% of the profits, and they hold more than 50% of the 400k shares.

[seljo]

So why is everyone selling ASICMINER shares?

[Caesium]

I'm not selling mine.

[CMMPro]

"Everyone" is not selling shares....

I believe you are seeing a few early investors taking some profit buy sell a few shares, or a few hundred at auction.

If I made a few hundred bitcoin in 8 months I would think about doing the same and correspondingly reducing my position.

Totally understandable.

[dmcdad]

Also those of us selling some shares (myself included) aren't selling all of our shares. I still think AM has good value given the dividend history and potential for lucrative hardware sales.

[BitAddict]

"Everyone" is not selling shares....

I believe you are seeing a few early investors taking some profit buy sell a few shares, or a few hundred at auction.

If I made a few hundred bitcoin in 8 months I would think about doing the same and correspondingly reducing my position.

Totally understandable.

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