btt

[stslimited]

But market cap is bullshit-based.

hahahaha I will be quoting that for life

[JimiQ84]

the 5 factor comes from trust. You have none, ergo your company wouldn't experience this effect. But creativex demonstrated he can be trusted, pays dividend, has good "business" record...

[killerstorm]

the 5 factor comes from trust.

I know, in fact I mentioned it:

Anything above that means you see value in intangible assets. Brand recognition, maybe?

I just want to make sure that people who buy at 2.1 BTC know that they implicitly assume that value of intangible assets associated with BASIC-MINING is $800,000, while value of tangible assets is $200,000. (Of course, this is very approximate.)

I just haven't seen anyone doing this math in this thread, and I know that not everybody can understand financial statements and do the math.

HTH

[runam0k]

There are a seemingly unlimited number of "investors" who just want to put their coins to work short to medium term and maybe see a small increase in share price. They don't care about math or long term / liquidation scenarios. There's no shortage of these "investors" - and very few other bitcoin investment opportunities out there - so support for this price (and higher!) is not a problem.

Maybe when more options open up or people decide not to hoard so many bitcoins things will start to change, but I don't see that happening any time soon (especially when share prices continue to nudge up for the very reason set out above).

[miTgiB]

Sure, I'm trolling, but can you explain why 1 BTC controlled by creativex is worth 5 BTC? What's your logic? Where does 5x factor come from?

30% of mining income is rolled back into the company for further expansion, so this is not a set hashrate with declining income, but future protection for tech advances.  Sometimes you see Mr Market being irrational, but fighting the market is rarely a recipe for success.  Ask Mr Bakewell how that worked out for him.

[creativex]

One of the Avalons began spitting out large numbers of errors & rejected/discarded shares overnight while mining at 325Mhz. I've since set it back to 300Mhz until I can spend more time finding the sweet spot. The other continues to happily mine at 350Mhz.

Cheers.

[creativex]

Today's dividend paid. The breakdown is as follows:

Mining revenue: 4.05901604
Asicminer-PT: 0.27686700
Total Dividend: 4.33588304
Total Dispersed: 3.11817823
Reinvested: 1.21770481

I've re-allocated a portion of our mining power away from slush and bitminter and aimed it at polmine.pl(PPS). I'm trying to fine tune the mix of pools to keep our daily payouts relatively consistent even when we see lower than expected daily returns from our DGM/PPLNS/Score based pools due to a run of bad pool luck. These things tend to even out over the course of a week, but as most of you probably know the payout swings from day to day can be significant, particularly on smallish pools.

Cheers.

[Dumbastronaut]

Sure, I'm trolling, but can you explain why 1 BTC controlled by creativex is worth 5 BTC? What's your logic? Where does 5x factor come from?

30% of mining income is rolled back into the company for further expansion, so this is not a set hashrate with declining income, but future protection for tech advances.  Sometimes you see Mr Market being irrational, but fighting the market is rarely a recipe for success.  Ask Mr Bakewell how that worked out for him.

Mr. Market behaves irrational all the time, even in Wall St. you'd be surprised. Well said.



creativex,

When can we expect the split?

[creativex]

creativex,

When can we expect the split?

Hi Dumbastronaut. It's in burnside's capable hands at this point. I've notified him of our vote result, just waiting for him to get back to me.

Cheers.

[Deprived]

the 5 factor comes from trust.

I know, in fact I mentioned it:

Anything above that means you see value in intangible assets. Brand recognition, maybe?

I just want to make sure that people who buy at 2.1 BTC know that they implicitly assume that value of intangible assets associated with BASIC-MINING is $800,000, while value of tangible assets is $200,000. (Of course, this is very approximate.)

I just haven't seen anyone doing this math in this thread, and I know that not everybody can understand financial statements and do the math.

HTH

You're going to see this happen on all mining stocks - when their ASICs arrive their price will inflate to a level that is a guaranteed loss.  Key is to buy in before the ASICs arrive then sell after the price gos stupid.  The only skillful part is working out whose ASICs are about to arrive.

In a few months time there'll be the huge crash (when ASICs have arrived and investors notice that even if difficulty didnt increase it would take years - or for some assets decades - for them to make back the current share price).  We saw it all happen before - and it'll happen again.

I think the reinvestment thing is the other issue that throws investors off.  It's not the magic bullet they believe it to be.

[creativex]

Hi Deprived. Few investors have the time, skill, or inclination to actively trade assets the way you do, therefore many select a few core holdings that they don't often part with. Trade in shares of mining company assets dominate nearly every exchange for a reason, which is likely why you've fashioned an excellent virtual mining fund yourself.

This has more to do with differing investment philosophies in general than it does bASIC-MINING specifically.

Cheers.

[str4wm4n]

anyone have any guess as to what the price will do after the shares split?

I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking  

I can't really see them going down too much though after a split like that

[miTgiB]

anyone have any guess as to what the price will do after the shares split?

I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking  

I can't really see them going down too much though after a split like that

The split will have no effect whatsoever, if you have 1 share before valued at BTC2 you would have 10 after valued at BTC0.2 for the same total value of BTC2

This is a non-event.

[Dumbastronaut]

anyone have any guess as to what the price will do after the shares split?

I'm thinking it wouldn't be impossible for them to reach .5 btc/share after the split. Maybe it's just wishful thinking  

I can't really see them going down too much though after a split like that

The split will have no effect whatsoever, if you have 1 share before valued at BTC2 you would have 10 after valued at BTC0.2 for the same total value of BTC2

This is a non-event.

People who are bullish at the current price, but unable to invest because they lack the funds, suddenly have the chance to buy whatever they can afford at 1/10th the current price

[MilkyLep]

I really want to believe you're just trolling this guy right now miTgiB.

Exactly, I wouldn't call this a non-event. 1/10 the price but remember 1/10 the value.

[burnside]

The 10x stock split is complete.

Please price future orders accordingly. 

Cheers.

[creativex]

Kewl, thanks burnside!

This is going to take some getting used to...feels like we're at an all time low.

[killerstorm]

You're going to see this happen on all mining stocks - when their ASICs arrive their price will inflate to a level that is a guaranteed loss.  Key is to buy in before the ASICs arrive then sell after the price gos stupid.  The only skillful part is working out whose ASICs are about to arrive.

Yeah, but I thought that people use hashrate or dividends as a basis of valuation, so huge cash reserves would hamper price growth.

But it isn't what have happened here. It looks like people take relative growth into account...

[creativex]

Warning added to front page. Please be careful when entering trades.

[miTgiB]

The 10x stock split is complete.

Please price future orders accordingly. 

Cheers.

Any possibility to split adjust the chart and 7/30 averages?