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Author Topic: ASICMiner Shares and Dividends  (Read 4779 times)
Franktank
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March 07, 2013, 04:43:01 AM
 #1

Getting our next round of dividends is really nice, especially with about a 0.02 BTC return per share. However the ASICMiner announcement is to fulfill the initial price of 0.1 BTC/share with dividends, then they will use a portion to focus on bigger and better things.

My question is what is a realistic weekly dividend after the initial 0.1 BTC share price is completed? 0.01? 0.05?

Thanks!
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March 07, 2013, 04:45:05 AM
 #2

Getting our next round of dividends is really nice, especially with about a 0.02 BTC return per share. However the ASICMiner announcement is to fulfill the initial price of 0.1 BTC/share with dividends, then they will use a portion to focus on bigger and better things.

My question is what is a realistic weekly dividend after the initial 0.1 BTC share price is completed? 0.01? 0.05?

Thanks!

It seems that it will be cut in half because they will start paying dividends to bitfountain shares.

Franktank
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March 07, 2013, 04:48:00 AM
 #3

That's not too bad then it can maintain 0.01/share. Also, dividends will only include what they are able to mine correct? No portion of hardware sales or any other ventures they may start on?
Deprived
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March 07, 2013, 04:55:56 AM
 #4

That's not too bad then it can maintain 0.01/share. Also, dividends will only include what they are able to mine correct? No portion of hardware sales or any other ventures they may start on?

Dividend will drop to under half - as there's more shares owned by Bitfountain that sold to public.

Also some of profits will be retained to pay for future development, more mining gear etc.

Dividends DO include non-ming profits - such as shares of hardware they sell and income from any next-generation ASICs they develop.
Franktank
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March 07, 2013, 05:06:29 AM
 #5

But still paid on a weekly basis correct? I understand shares are meant to be investing in the company but just trying to gage potential value of ASICMiner shares from mid to long term.

Thanks for any and all insightful replies.
novusordo
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March 07, 2013, 05:08:36 AM
 #6

We're getting pretty close to the point at which Bitfunder shares will begin to receive dividends. About 43% of the original IPO has been paid back so far.
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March 07, 2013, 07:15:57 AM
 #7

But still paid on a weekly basis correct? I understand shares are meant to be investing in the company but just trying to gage potential value of ASICMiner shares from mid to long term.

Thanks for any and all insightful replies.
Yes, the dividends are weekly.

How many shares do Bitfountain hold? I thought it was only 50%?

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Deprived
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March 07, 2013, 04:56:28 PM
 #8

But still paid on a weekly basis correct? I understand shares are meant to be investing in the company but just trying to gage potential value of ASICMiner shares from mid to long term.

Thanks for any and all insightful replies.
Yes, the dividends are weekly.

How many shares do Bitfountain hold? I thought it was only 50%?

400k shares were issued.

Original plan was for 200k to go to Bitfountain and other 200k to be sold on GLBSE.  But BTC rose vs USD so there was no need to sell 200k to raise the needed capital - so only 160k or so ended up being sold.

It makes no difference to dividends - as each share is entitled to 1/400,000th of profits, regardless of how many shares are sold (that's how the contract was written).  That acted as protection for investors - if extra capital had been needed to be raised then original investors' portion of profit would have been protected, with the equity given away for new shares taken from Bitfountain.  As it happens, it's ended up the other way round - and, of course, we now have a few greedy people who when they see the risk has gone would like the contract rewritten so they get 1/360,000th of profit instead of 1/400,000th.

The situation on voting is less clear - there I'd expect it's simply 1 share, 1 vote.
Franktank
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March 07, 2013, 05:59:01 PM
 #9

Hmmm, is there any possibility of shares being split?
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March 07, 2013, 06:53:30 PM
 #10

Hmmm, is there any possibility of shares being split?

Some kind of trading platform would be required before that happens.
biganth
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April 23, 2013, 06:49:50 AM
 #11

Where can we see what the current dividend is? Please don't tell me somewhere in here:

https://bitcointalk.org/index.php?topic=99497.0

 Huh

VJain
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April 23, 2013, 07:00:36 AM
 #12

AFAIK there is no posting of what dividends are going to be... we only know when they arrive.

Dividends thus far:

Div Pay Dates     Div/Share
02/29 (IPO)         0.023545
03/06 (IPO)         0.019163
03/13 (IPO)         0.023786
03/20 (IPO)         0.025998
03/24 (IPO)         0.007508
03/27                 0.003775
04/03                 0.002556
04/10                 0.006956
And Today:
04/17                 0.00696732

Hope this helps. 03/27 and 04/03 were due to increased costs for something or other (can't remember anymore).

IPO dividends were higher, since there was something in it along the lines of "100% of profits goes to share holders excluding BitFoundation shares (230k shares)".

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biganth
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April 23, 2013, 07:16:11 AM
 #13

Thanks for the info. I was running some calculations on the ipo numbers but these current numbers are very different.

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April 23, 2013, 07:24:50 AM
 #14

Thanks for the info. I was running some calculations on the ipo numbers but these current numbers are very different.

Also keep in mind that as difficulty increases, so do the expenses, but income from mining does not increase. If, for example, AM runs 10% of total network hashing power on average, the income is fixed at ~10.8K BTC per month, but to keep up with this pace, they need to deploy more and more ASICs which increases cost, so profit goes down.

.b

Rodyland
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April 23, 2013, 12:20:05 PM
 #15

Thanks for the info. I was running some calculations on the ipo numbers but these current numbers are very different.

Also keep in mind that as difficulty increases, so do the expenses, but income from mining does not increase. If, for example, AM runs 10% of total network hashing power on average, the income is fixed at ~10.8K BTC per month, but to keep up with this pace, they need to deploy more and more ASICs which increases cost, so profit goes down.

.b

I believe that a significant proportion of future hashing power hardware has already been paid for out of retained earnings.

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furuknap
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April 23, 2013, 01:13:33 PM
 #16

I believe that a significant proportion of future hashing power hardware has already been paid for out of retained earnings.

Purchased, yes. It's not going to power, host, or maintain itself, though.

.b

superduh
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April 23, 2013, 05:07:34 PM
 #17

factor in the exchange rates.. which noone knows.
if bitcoins are worth 10 less or 10 times more will have big effect

ok
newguy05
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May 22, 2013, 05:24:34 PM
 #18

AFAIK there is no posting of what dividends are going to be... we only know when they arrive.

Dividends thus far:

Div Pay Dates     Div/Share
02/29 (IPO)         0.023545
03/06 (IPO)         0.019163
03/13 (IPO)         0.023786
03/20 (IPO)         0.025998
03/24 (IPO)         0.007508
03/27                 0.003775
04/03                 0.002556
04/10                 0.006956
And Today:
04/17                 0.00696732

Hope this helps. 03/27 and 04/03 were due to increased costs for something or other (can't remember anymore).

IPO dividends were higher, since there was something in it along the lines of "100% of profits goes to share holders excluding BitFoundation shares (230k shares)".

sorry i am confused can someone help.  At those dividend rates and 2btc per 1 share, we are looking at 2 /0.00696732 / 4  = ~72 month to make back the initial investment and this assuming the difficulty remains the same which we know is not true as those asic boxes start to go online.

So what am i missing here? why are so many people paying 2-3btc for 1 share of asic miner?

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conv3rsion
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May 22, 2013, 06:10:40 PM
 #19

AFAIK there is no posting of what dividends are going to be... we only know when they arrive.

Dividends thus far:

Div Pay Dates     Div/Share
02/29 (IPO)         0.023545
03/06 (IPO)         0.019163
03/13 (IPO)         0.023786
03/20 (IPO)         0.025998
03/24 (IPO)         0.007508
03/27                 0.003775
04/03                 0.002556
04/10                 0.006956
And Today:
04/17                 0.00696732

Hope this helps. 03/27 and 04/03 were due to increased costs for something or other (can't remember anymore).

IPO dividends were higher, since there was something in it along the lines of "100% of profits goes to share holders excluding BitFoundation shares (230k shares)".

sorry i am confused can someone help.  At those dividend rates and 2btc per 1 share, we are looking at 2 /0.00696732 / 4  = ~72 month to make back the initial investment and this assuming the difficulty remains the same which we know is not true as those asic boxes start to go online.

So what am i missing here? why are so many people paying 2-3btc for 1 share of asic miner?

equipment sales (could be bigger than mining revenue). transaction fees rising. can still almost double their network % without issue. and then whatever they do next.

also where the hell else can you get something that pays 20%+ a year in returns AND where you own a share in the company.

That's why people think its very underpriced right now.
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May 22, 2013, 06:12:37 PM
 #20

also where the hell else can you get something that pays 20%+ a year in returns AND where you own a share in the company.

AND be holding it in a currency which has a good chance to appreciate AND receive dividends in that currency.

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