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Author Topic: ASICMINER for dummies?  (Read 13495 times)
ThickAsThieves
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May 08, 2013, 05:54:15 PM
 #101

I bought one AM-PT share last week. Dividends come out today right? But when I check my BTC-TC account, I didn't see any dividends received?

Some of the passthrus have not issued dividends yet. You'll get them sometime in the next 24 hours most likely.
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michaelGedi
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May 09, 2013, 11:11:10 PM
 #102

The wall on btct.co is being eaten...

I usually give short shrift to speculation but now I'm long on AM-PT I couldn't help notice that the resistance to higher prices that was there earlier today has almost broken.

Not that I'm looking to make a quick profit; I think the future's too promising for that and I was going to buy anyway. But I'd be kicking myself if I had to settle for less shares tomorrow.

Now that I've shot my mouth off I guess the dividends report won't be as sexy as hoped.  Tongue


new buyer here - where does the dividend report come from and what day of the week normally?


EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?

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May 09, 2013, 11:37:10 PM
 #103


new buyer here - where does the dividend report come from and what day of the week normally?

EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?

Dividends are paid by ASICMINER on Wednesday evenings (China time I believe).  PTs normally send it within a day or two.  The dividend is sent to your wallet on the exchange the PT is listed on.  I know on btc-tc I get an email for dividend payments, and burnside puts the dividend amounts on the PT's info page.

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stripykitteh
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May 09, 2013, 11:54:18 PM
 #104


new buyer here - where does the dividend report come from and what day of the week normally?

EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?

Yes, Wednesday night China time.

I am also new to AM, BTW.

Something else to consider - when you get your dividend, if you're like me and only have a small holding but are planning to slowly add to your AM position, you could buy TAT.ASICMINER fractional (1/100) shares to reinvest the dividends. Beats having to wait several weeks or months to have enough dividends just to get 1 more share. When you have more than 100 TATs you can decide whether to sell them and buy one more AM-PT based on arbitrage between the two securities. Generally liquidity in TATs will be higher I guess as many people will be holding a few at any one time and would be more open to buying and selling them to adjust their position. But for volume AM-PTs are the way to go.

Just some food for thought.

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michaelGedi
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May 10, 2013, 12:12:26 AM
 #105

great, thanks guys.

Is there a thread or a newsletter service of any kind from AM?

I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place


edit - this one??  https://bitcointalk.org/index.php?topic=99497.0

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creativex
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May 10, 2013, 05:56:03 PM
 #106

great, thanks guys.

Is there a thread or a newsletter service of any kind from AM?

I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place


edit - this one??  https://bitcointalk.org/index.php?topic=99497.0

That's correct.

Additionally a shareholder has created this thread to boil the information down to it's essence.

https://bitcointalk.org/index.php?topic=197545.0

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June 13, 2013, 05:17:06 PM
 #107

It's at 2.7 now. Very nice Cool

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