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Author Topic: ASICMINER fixed price auction  (Read 10259 times)
Jutarul (OP)
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March 06, 2013, 07:35:35 AM
 #81

so, how long you think it will take to get even (i mean to get the share value of 0.5BTC) from dividents?  Smiley
the good news is that the break even dynamics is mostly unaffected by BTC price. It more ore less depends on the technological evolution of the bitcoin network.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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VeeMiner
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March 06, 2013, 08:28:46 AM
 #82

so, how long you think it will take to get even (i mean to get the share value of 0.5BTC) from dividents?  Smiley

10-15 months. My personal estimation

6 month to 2 years is my guess. depends on if bfl ships or not.

yep, something like this. The best case scenario is the half year, but that will hardly be true. Bigger question is if the dividends will stop flowing after the 0.1 BTC is paid off. Then the board members can decide if the money will be re-invested in the company and ASICs for home use will be sold or something like that...
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March 06, 2013, 09:09:54 AM
 #83

well, i was thinking, if the shares can be used to buy ASICMINER rigs, then that will be fine  too Wink
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March 06, 2013, 09:16:36 AM
 #84

so, how long you think it will take to get even (i mean to get the share value of 0.5BTC) from dividents?  Smiley

10-15 months. My personal estimation

6 month to 2 years is my guess. depends on if bfl ships or not.

yep, something like this. The best case scenario is the half year, but that will hardly be true. Bigger question is if the dividends will stop flowing after the 0.1 BTC is paid off. Then the board members can decide if the money will be re-invested in the company and ASICs for home use will be sold or something like that...

Friedcat has stated earlier that he thinks 30 - 40 % of the Dividends will be withheld for future development etc.... Don't forget that Friedcat and his friends also get paid by dividends...the 200.000 shares Bitfountain holds.... So I expect a steady stream of weekly dividends
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March 06, 2013, 09:20:02 AM
 #85

Friedcat has stated earlier that he thinks 30 - 40 % of the Dividends will be withheld for future development etc.... Don't forget that Friedcat and his friends also get paid by dividends...the 200.000 shares Bitfountain holds.... So I expect a steady stream of weekly dividends

hopefully yes, I was counting on it while I was buying the extra shares for pretty high prices nowadays. Tomorrow evening will tell us more about what kind of dividends can we expect. I'm also hoping that friedcat will be able to put more hashpower online soon...
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March 06, 2013, 09:20:38 AM
 #86

Friedcat has stated earlier that he thinks 30 - 40 % of the Dividends will be withheld for future development etc.... Don't forget that Friedcat and his friends also get paid by dividends...the 200.000 shares Bitfountain holds.... So I expect a steady stream of weekly dividends

hopefully yes, I was counting on it while I was buying the extra shares for pretty high prices nowadays. Tomorrow evening will tell us more about what kind of dividends can we expect. I'm also hoping that friedcat will be able to put more hashpower online soon...
Definitely. Sharing more information with non-board members would also help.
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March 06, 2013, 09:24:10 AM
 #87

Hi Jutarul Smiley

I am bidding on 60 shares if you still have them available. I just transferred 30 btc to your address 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

This is my address I sent from:
https://blockchain.info/address/1FgJyNWcFggJ1qqyHpmTMiw6BdoxF4avwU

tx id is https://blockchain.info/tx/ada18bc540b7213a64f028c2f87dd01183c01ba38c48774b9d2f5bef902b8f18

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
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March 06, 2013, 09:46:35 AM
 #88

Hi Jutarul Smiley

I am bidding on 60 shares if you still have them available. I just transferred 30 btc to your address 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

This is my address I sent from:
https://blockchain.info/address/1FgJyNWcFggJ1qqyHpmTMiw6BdoxF4avwU

tx id is https://blockchain.info/tx/ada18bc540b7213a64f028c2f87dd01183c01ba38c48774b9d2f5bef902b8f18
I don't think there is anymore left. You could always buy the shares from other auctions or from the passthroughs on BitFunder or Btct.co.

poly | My Tip Jar
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March 06, 2013, 09:57:40 AM
 #89

Friedcat has stated earlier that he thinks 30 - 40 % of the Dividends will be withheld for future development etc.... Don't forget that Friedcat and his friends also get paid by dividends...the 200.000 shares Bitfountain holds.... So I expect a steady stream of weekly dividends

hopefully yes, I was counting on it while I was buying the extra shares for pretty high prices nowadays. Tomorrow evening will tell us more about what kind of dividends can we expect. I'm also hoping that friedcat will be able to put more hashpower online soon...

Well it is confirmed that Bitfountain, 1 & 2 on OzCoin are also ASICMiner, so 4TH on BTC Guild and 2TH on OzCoin means we are half way there for the first batch
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March 06, 2013, 05:42:50 PM
 #90

Hi Jutarul Smiley

I am bidding on 60 shares if you still have them available. I just transferred 30 btc to your address 1KbAD8KU1u6uw6nHSJEYpdZfgQbNbTAkH2

This is my address I sent from:
https://blockchain.info/address/1FgJyNWcFggJ1qqyHpmTMiw6BdoxF4avwU

tx id is https://blockchain.info/tx/ada18bc540b7213a64f028c2f87dd01183c01ba38c48774b9d2f5bef902b8f18
I am sorry. But I still have other bids in reserve. I've put you at the end of the list for 60 shares, but most likely I have to refund you.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
luffy
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March 06, 2013, 07:09:45 PM
 #91

i am not sure but i think we get our divident today from 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF
can you confirm?
Jutarul (OP)
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March 06, 2013, 07:14:24 PM
 #92

i am not sure but i think we get our divident today from 115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF
can you confirm?
Yes. I run a full node and the transaction shows up as unconfirmed, which means that it's valid (for now anyway - still not protected against double spends). I suspect what we see here is the beginning of a blockchain congestion, where the time to be included depends on the amount of fee.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul (OP)
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March 06, 2013, 07:18:13 PM
 #93

quick update:

Bidders who got reported with the first batch (https://bitcointalk.org/index.php?topic=148198.msg1583680#msg1583680), please check your satoshi-type confirmation of your share holdings and that the amount of dividend you received is correct. The transaction is still not confirmed (most likely due to missing fees), so treat with care.

I also expect all remaining payments to come in today, so I can create the second report. At that time I'll also create a dividend transaction for the second batch, since the report didn't make it into this weeks dividend payment, in case you were wondering about the dividend...

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 06, 2013, 07:21:57 PM
 #94

I can confirm receipt of payment. Thanks a bunch.
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March 06, 2013, 07:33:57 PM
 #95

...., please check your satoshi-type confirmation of your share holdings and that the amount of dividend you received is correct. ...
how do we do that?
thank you
Jutarul (OP)
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March 06, 2013, 07:37:51 PM
 #96

...., please check your satoshi-type confirmation of your share holdings and that the amount of dividend you received is correct. ...
how do we do that?
thank you
https://blockchain.info/tx/f44a37fa096958d0b41f0109b152a626384832f9011b6e3baf77fbd096b462a9

Look for your BTC address handle.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
Jutarul (OP)
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March 06, 2013, 07:39:21 PM
 #97

...., please check your satoshi-type confirmation of your share holdings and that the amount of dividend you received is correct. ...
how do we do that?
thank you
https://blockchain.info/tx/f44a37fa096958d0b41f0109b152a626384832f9011b6e3baf77fbd096b462a9

Look for your BTC address handle.
Wait - you're part of the second report, so you're not in there. Wait for next week.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 06, 2013, 07:43:49 PM
 #98

i am also in first report  Wink
Jutarul (OP)
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March 06, 2013, 07:46:56 PM
 #99

i am also in first report  Wink
Ah.. yeah.. and there have been a few different transactions to confirm the shares. You're in https://blockchain.info/tx/72a9ec4eab8349937c326310267261553b0db1cfd6dd1e7d9b8f5668e2e881c2

And as far as I can tell the number of shares looks correct.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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March 06, 2013, 07:52:24 PM
 #100

yes, now i understand: 1share=1satoshi
but plz tell me, was this the initial share's value? Shocked
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