vaderiffic
Newbie
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Activity: 13
Merit: 0
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August 07, 2013, 12:55:31 PM |
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The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point.
well considering the additional 1625 shares that were added for the extra rig was traded at close to .70 it might be worth buying a small amount back. then the rig cost us virtually half! then again, you're the brains. |
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creativex (OP)
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August 07, 2013, 02:06:33 PM |
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The 24h Avg is more than 4x our highest IPO price. Let me crunch some numbers and determine if it makes any sense to buy shares back, and if so at what price point. well considering the additional 1625 shares that were added for the extra rig was traded at close to .70 it might be worth buying a small amount back. then the rig cost us virtually half! then again, you're the brains. The deal for the rig was made when the share price was .61 which means we actually disbursed less shares than we would have had to if the deal were made with the current share price of .3771(24hrAvg). Meaning that we used our shares as currency when their value was significantly higher than it is currently, so we paid the equivalent of 603Btc for 8 singles that have been hashing for us for weeks. Given that there still isn't anything more efficient on the market(and won't be until at least the end of the month) I believe we'll easily make our investment back and more on the minirig and singles. Given the enormous expansion plans nearly every chip company has slated for Q3/Q4 of this year, it may make more sense for us to make a significant purchase of the most efficient gear available in the near future. Again I need to crunch some numbers as the variables are beyond my ability to calculate without a spreadsheet in front of me. My instincts say significant bitfury purchase, but that will hinge upon whether they can meet their end of August delivery date and whether the performance/joule on shipping products is as impressive as claimed. On paper it appears as though people will be shutting down knc machines before bitfury gear as difficulty rises. Cheers. |
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creativex (OP)
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August 07, 2013, 03:24:18 PM |
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I've made some changes to the airflow characteristics of our batch 3 Avalon. In short I've made it louder(much) and uglier, but it seems to be doing even better than our batch 1 which is now, at least unofficially, our 2nd most impressive Avalon. This is important as due to Avalon's lengthy delays we may have a tough time getting our BTC investment back out of our batch 3. Results after 3h22m42s:
111152 Avg Mh/s
5440 HW Errors
26.8377 HW Errors/Minute
1.6719% HW Error Rate
Utility 37.55
DiffA 325381
DiffA/Minute = 1605.2343(shares/minute) (This is equivalent to 1203 shares/minute from a 3 module rig)
Cheers.
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creativex (OP)
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August 07, 2013, 04:48:05 PM |
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Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.
Cheers.
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djjacket
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August 07, 2013, 04:58:35 PM |
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Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.
Cheers.
Yea - I just saw Nasty had pulled the trigger in the thread, but you never know what will work out. |
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creativex (OP)
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August 07, 2013, 05:06:48 PM |
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Thanks for the heads up djjacket. Sounds like we'd be in a bidding war with another mining outfit, but I'll make inquiries.
Cheers.
Yea - I just saw Nasty had pulled the trigger in the thread, but you never know what will work out. I can say conclusively that I'm not driving all the way to CA to pick it up. I'd fly and ship it or escrow it. The real question is, what is it worth now that we're into August? |
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AngelSky
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August 07, 2013, 11:32:45 PM |
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The real question is, what is it worth now that we're into August?
That's the real question and that's why he's selling it  |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 07, 2013, 11:39:20 PM |
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The real question is, what is it worth now that we're into August?
That's the real question and that's why he's selling it I don't even think it can pay for itself at this point. If it does maybe 10-15% at most |
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AngelSky
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August 07, 2013, 11:42:38 PM |
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The real question is, what is it worth now that we're into August?
That's the real question and that's why he's selling it I don't even think it can pay for itself at this point. If it does maybe 10-15% at most If I had 500 BTC available and not stuck into shares now, I wouldn't buy anything until I could see what is coming next (this month). |
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creativex (OP)
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August 07, 2013, 11:49:43 PM |
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allchains.info has the next difficulty increase estimate at +25.94% coming in 6.5 days. Minirigs are powerful gizmos, but they generate under 6.5BTC/day at current difficulty and around 5/day(est.) after the next retarget. It will take some time to break even on that investment and there are a whole lot of vendors claiming to be shipping a mess of hashing power in the near future. Even a week ago 500BTC may have been worth considering, but things are moving really fast.
Cheers.
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AngelSky
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August 07, 2013, 11:52:47 PM |
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allchains.info has the next difficulty increase estimate at +25.94% coming in 6.5 days. Minirigs are powerful gizmos, but they generate under 6.5BTC/day at current difficulty and around 5/day(est.) after the next retarget. It will take some time to break even on that investment and there are a whole lot of vendors claiming to be shipping a mess of hashing power in the near future. Even a week ago 500BTC may have been worth considering, but things are moving really fast.
Cheers.
Agree. |
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MilkyLep
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August 08, 2013, 03:46:26 AM |
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How'd I know some asshole was going to knock down that ~140 buy wall at ~.3?
I very much disapprove of you dumper(s), but on the other hand, I thank you.
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AngelSky
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August 08, 2013, 11:24:57 AM |
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How'd I know some asshole was going to knock down that ~140 buy wall at ~.3?
I very much disapprove of you dumper(s), but on the other hand, I thank you.
Bah, it's time to get almost free shares everywhere. I got some @ ~0.3 and I think that this sell out was pretty expensive xD |
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creativex (OP)
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August 08, 2013, 11:34:40 AM |
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Most of the volume is chasing the ASICMiner Jrs. Some may come back when the new companies have to actually deliver results.
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AngelSky
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August 08, 2013, 11:45:48 AM |
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Most of the volume is chasing the ASICMiner Jrs. Some may come back when the new companies have to actually deliver results.
I think people should think about their risks. If you bet on the right horse (in the ASIC maker world), you'll get some coins If you don't, you'll lose a lot. I think that investing in business like bASIC-M is a must-need in a portfolio because of the low-risk and ROI. We have a lot of bitcoins to buy the best ASIC that will come and we don't have to take the risk of these fights. |
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coco23
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August 08, 2013, 11:56:09 AM |
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Bah, it's time to get almost free shares everywhere. I got some @ ~0.3 and I think that this sell out was pretty expensive xD
What does Basic-Mining have? If you value the 1Ths with 2000 BTC (which is high) and round the cash up to 2000BTC (almost doubled) Basic has a value of 4000 BTC which is less than 0.1 BTC/share. (Let me know if I made a mistake here.) With the difficulty skyrocketing Basic and similar securities will go down deeper (imo). |
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creativex (OP)
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August 08, 2013, 12:01:07 PM |
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Hi coco23. Difficulty has been "skyrocketing" for quite some time.  The idea that the new companies are somehow immune will dissolve when they have to actually produce. They're not immune to the effects of difficulty increases either. Cheers. |
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AngelSky
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August 08, 2013, 12:01:26 PM |
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Bah, it's time to get almost free shares everywhere. I got some @ ~0.3 and I think that this sell out was pretty expensive xD
What does Basic-Mining have? If you value the 1Ths with 2000 BTC (which is high) and round the cash up to 2000BTC (almost doubled) Basic has a value of 4000 BTC which is less than 0.1 BTC/share. (Let me know if I made a mistake here.) With the difficulty skyrocketing Basic and similar securities will go down deeper (imo). Why do you think people bought share @ 0.8 a few weeks ago with half of our hashrate now ? Does it make sense to you ? |
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AngelSky
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August 08, 2013, 12:11:33 PM |
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I think people should think about their risks. If you bet on the right horse (in the ASIC maker world), you'll get some coins If you don't, you'll lose a lot. Actually, the right horse - the one that delivers - won't get you much anyway. Because the IPOs already give a very high valuation of the company. The dividends coming, if they actually come, will likely be very low. So even if you bought a bit of all, considering one could compensate for the others, it likely wouldn't be enough. I think you're right but I suspect the market to be a little bit too much volatile to say that people won't get much. Anyway I just don't bet on any horse right now. Daytrading is the best option for me atm. Don't you think ? |
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