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Author Topic: FYI - You don't need to buy a miner to get into mining  (Read 1345 times)
lazerpenguin
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April 27, 2013, 07:03:00 PM
 #21

I think I may try a bit of everything, maybe a few shares, try and get a small miner, and maybe trade as large price fluctuations. ASICMINER-PT Seems pretty legit
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btccontractor
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April 28, 2013, 12:55:38 AM
 #22

FYI another round of ASICMINER blade auctions is going on, 5x more units than the first auction:

https://bitcointalk.org/index.php?topic=189248.0
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April 28, 2013, 01:14:25 AM
 #23

I've been on btct before and I've contemplated on buying into ASICMINER. I'd just like to know if folks' experiences as shareholders has been good, and if they see this company as being around long term.
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April 28, 2013, 03:09:47 AM
 #24

I've been on btct before and I've contemplated on buying into ASICMINER. I'd just like to know if folks' experiences as shareholders has been good, and if they see this company as being around long term.

I've owned shares for a couple of weeks, so not a lot of experience. They pay dividends on time. You can see the dividends/share on the "history" tab here: https://btct.co/security/ASICMINER-PT. The yield isn't bad, and there's indications it's heading up. The company has demonstrated it can actually deploy and ship ASIC-based miners, so that's a huge point in their favor.
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April 28, 2013, 04:04:26 AM
 #25

I think so many new ASIC miners will be out in the next 6 months that a better investment is to wait and see.
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April 28, 2013, 07:00:00 AM
 #26

I think so many new ASIC miners will be out in the next 6 months that a better investment is to wait and see.

It's always true that you will have more complete information later. You can only get ahead of the other people "waiting to see" by guessing correctly while there's still wide uncertainty.
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April 28, 2013, 08:48:02 AM
 #27

besides buying an expensive and very rare mining rig, know that you can join in and buy shares of ASICSMINER at https://btct.co/ for around 1.2BTC currently. IT PAYS DIVIDENDS weekly.

Just if you didn't know - and yes, i'm invested in them and love them, just want to share the word as it's still underground I'd say...

interesting.. thanks for pointing this out!
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April 28, 2013, 09:19:19 AM
 #28

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

Aren't dividends based on profits?
Yes. ASICMiner is an mining security, where the divs come from the proceeds of mining and selling hardware. Check https://www.btcguild.com//index.php?page=rankings for their mining hashrate. (hint: they're user 67117  Wink ) It is scheduled to mine at 15TH/s by next week.

Cripes, that'll put a dent in the network!

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AMuppInTime (OP)
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May 01, 2013, 09:11:55 PM
 #29

That's interesting, I may look into it. However, I find it to be a very risky investment, because the price of bitcoins fluctuates so much. Still, its somethign that I will consider doing.

I find it a safer investment than bitcoin itself:

The Bitcoin fluctuations are irrelevant to them or you: you receive dividends in Btc.
The company has a (recent) positive track record - pays big dividends, profits, is transparent.
Their machines are custom machines of theirs - not some Avalon rigs purchased by a few friends - and they are upgrading as they go to keep up with difficulty.

The one negative is that the  shares are not traded openly (you buy a "pass-through" which is the eq of a share) - you have to go on btc.tc to buy the share. It's still relatively easy to aquire some, but there isn't too much volume: a lot of people buy to get the divs, not to resell.
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