legendster (OP)
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April 23, 2013, 02:38:27 PM |
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Simple question, looking for complete & complicated answers.. Can someone please explain how btct.co works ? please dont be a troll & just reply 'yes' I am really interested in how one can buy ASICMINER shares there .. what re the returns / profits etc etc ...
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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maxmint
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April 23, 2013, 02:42:52 PM |
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1. You sign up: https://btct.co/register2. You deposit BTC funds. 3. You buy ASICMINER-PT shares: https://btct.co/security/ASICMINER-PT4. You get paid dividends every Wednesday (currently I think around 0.006 BTC per share). Dividends payout goes straight into your btct.co account, you can withdraw or buy new shares with your dividends.
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legendster (OP)
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April 23, 2013, 04:40:59 PM |
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1. You sign up: https://btct.co/register2. You deposit BTC funds. 3. You buy ASICMINER-PT shares: https://btct.co/security/ASICMINER-PT4. You get paid dividends every Wednesday (currently I think around 0.006 BTC per share). Dividends payout goes straight into your btct.co account, you can withdraw or buy new shares with your dividends. Thank you. So no matter what quantity of the shares I buy all of them will yield 0.006 at a constant rate every week ?
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master-P
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April 23, 2013, 05:46:08 PM |
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The dividend rate changes relative to how much BTC is mined overall.
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legendster (OP)
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April 24, 2013, 03:34:04 PM |
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The dividend rate changes relative to how much BTC is mined overall.
So it rather decreases instead of increasing ? because the more are the miners the less are the returns per share right ?
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MPOE-PR
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April 24, 2013, 04:56:01 PM |
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This thread is actually pretty cool.
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BinaryMage
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April 24, 2013, 05:43:52 PM |
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This thread is actually pretty cool.
And that post was actually pretty useful. On-topic: legendster: That is correct. Bitcoins per block (excepting transaction fees, which are still fairly negligible) and block generation time are fixed, so your dividends should be proportional to whatever percentage of the network ASICMiner controls at the given time. If their rate of growth is slower than the network's overall rate, dividends will go down.
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legendster (OP)
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April 24, 2013, 08:37:30 PM |
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This thread is actually pretty cool.
And that post was actually pretty useful. On-topic: legendster: That is correct. Bitcoins per block (excepting transaction fees, which are still fairly negligible) and block generation time are fixed, so your dividends should be proportional to whatever percentage of the network ASICMiner controls at the given time. If their rate of growth is slower than the network's overall rate, dividends will go down. Acknowledged. & I am Cool
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legendster (OP)
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April 26, 2013, 05:25:24 AM |
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This thread is actually pretty cool.
TROLL -_-
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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May 08, 2013, 08:35:34 PM |
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This thread is actually pretty cool.
TROLL -_- This is also a troll post :p
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legendster (OP)
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May 10, 2013, 08:38:01 PM |
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This thread is actually pretty cool.
TROLL -_- This is also a troll post :p Hey hey BENU Da
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legendster (OP)
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May 12, 2013, 06:23:53 AM |
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Would want to know what you guys think will happen to the per share cost in the near future lets say 2 months ??
Will the price per Share increase or decrease ?
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MPOE-PR
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May 12, 2013, 01:46:56 PM |
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Would want to know what you guys think will happen to the per share cost in the near future lets say 2 months ??
Will the price per Share increase or decrease ?
Herp. You are the poster child of "those people who have no business investing". Please read up on finance etc first.
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desper
Newbie
Offline
Activity: 51
Merit: 0
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June 03, 2013, 05:02:02 AM |
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How much are the trading fees and other fees at btct.co?
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