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Author Topic: ASICMINER for dummies?  (Read 13697 times)
🏰 TradeFortress 🏰
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April 15, 2013, 02:34:31 PM
Last edit: April 15, 2013, 03:14:21 PM by TradeFortress
 #41

When they deploy the next batch.

The dividends are pretty good by the way.
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April 15, 2013, 02:35:22 PM
 #42

Could you save me some time and post when is that coming?

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April 15, 2013, 02:36:12 PM
 #43

Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices

https://bitcointalk.org/index.php?topic=99497.msg1819469#msg1819469

and

https://bitcointalk.org/index.php?topic=99497.msg1767379#msg1767379

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April 15, 2013, 02:37:12 PM
 #44

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.

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April 15, 2013, 02:39:26 PM
 #45

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.
It's a bitcoin.
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April 15, 2013, 02:45:45 PM
 #46

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low. Smiley

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April 15, 2013, 03:00:07 PM
 #47

Tell that to the people who invested with Pirate?
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April 15, 2013, 03:01:38 PM
 #48

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

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April 15, 2013, 03:03:26 PM
 #49

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.
Are you silly? What kind of P/E ratios are you expecting?
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April 15, 2013, 03:07:13 PM
 #50

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it cancel lot of it.

Rising share price , Promising outlook with a future in selling hardware and mining btc  ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

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April 15, 2013, 03:12:42 PM
 #51

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.
Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.


Quote
Rising share price , Promising outlook with a future in selling hardware and mining btc  ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks Smiley but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.

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April 15, 2013, 03:12:46 PM
 #52

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.


Yes but it was the "early adopters" that took on that risk. Board members basically spent 500 BTC ($6500 at the time) for 5k shares. They could easily cash out for $300k now. Whether you think it's expensive or not, is up to you. friedcat has followed through with his previous announcements and the upcoming ones will definitely raise share prices.

If you looked at my links, you'd realize that the 0.007/share is only temporary.
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April 15, 2013, 03:14:35 PM
 #53

Tell that to the people who invested with Pirate?

No thanks. They'd have ignored me anyway, just as they ignored the many people claiming it was an impossible to maintain ponzi.

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April 15, 2013, 03:15:08 PM
 #54

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.


Yes but it was the "early adopters" that took on that risk. Board members basically spent 500 BTC ($6500 at the time) for 5k shares. They could easily cash out for $300k now. Whether you think it's expensive or not, is up to you. friedcat has followed through with his previous announcements and the upcoming ones will definitely raise share prices.

If you looked at my links, you'd realize that the 0.007/share is only temporary.

I'm not bashing anyone here, it's clearly to see that asicminer is reliable company. Good luck to them and all of youthat are holding shares, I wish I wouldhave some too but unfortunately won't do it at the moment, I'd rather buy some of those usb babies Smiley

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April 15, 2013, 03:15:58 PM
 #55

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.
Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.


Quote
Rising share price , Promising outlook with a future in selling hardware and mining btc  ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks Smiley but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.
Then you could deposit coins in coinlenders and earn interest. The returns are not going to be 350%+ a year (seems like what you imply you're looking for), but I guarantee deposits so you're not going to lose them.
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April 15, 2013, 03:17:17 PM
 #56

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.
Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.


Quote
Rising share price , Promising outlook with a future in selling hardware and mining btc  ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks Smiley but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.
Then you could deposit coins in coinlenders and earn interest. The returns are not going to be 350%+ a year (seems like what you imply you're looking for), but I guarantee deposits so you're not going to lose them.

No, I'm muslim, I don't lend money/coins for profit. It's trading for me then.

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GAMES
   $500,000  
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
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April 15, 2013, 03:23:08 PM
Last edit: April 15, 2013, 04:20:49 PM by Franktank
 #57


No, I'm muslim, I don't lend money/coins for profit. It's trading for me then.

Very well, all the information is in here and in the main thread. In my opinion, now is the time to buy AM shares if you don't want to pay over 1 BTC/share.
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April 15, 2013, 04:00:58 PM
 #58

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low. Smiley

  funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return.  I would take a .2 bitcoin return for a .84 bitcoin purchase.   each year.

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creativex
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April 15, 2013, 04:18:04 PM
 #59

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low. Smiley

  funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return.  I would take a .2 bitcoin return for a .84 bitcoin purchase.   each year.

I apologize. I attributed this post:

Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices

To you and that was an error.

philipma1957
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April 15, 2013, 05:54:31 PM
 #60

OKAY  at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007  a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low. Smiley

  funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return.  I would take a .2 bitcoin return for a .84 bitcoin purchase.   each year.

I apologize. I attributed this post:

Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices

To you and that was an error.
    it is all good. no problem.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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.. PLAY NOW ..
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