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Author Topic: [Announcement] Block Erupter USB  (Read 242749 times)
John (John K.)
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May 07, 2013, 01:50:11 PM
 #321

, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M
Nah, according to recent blade auctions, packages from friedcat reach all over the world under a week from shipping.

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
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May 07, 2013, 01:54:19 PM
 #322

, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

Ich war nie an der Börse, nehm' nur Bares, geb' die Gage (Zwei G) Stell' keine Fragen über mein privates oder meine Haare (geht dich gar nichts an)
Dass ich unter meinem Versace Bademantel quasi gar nix an hab, Liegt daran das ich gerade ein Bad in meinem Money genommen hab (Chabo mit Gold)
John (John K.)
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May 07, 2013, 01:58:14 PM
 #323

, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  Grin

My BTC Tip Jar: 1Pgvfy19uwtYe5o9dg3zZsAjgCPt3XZqz9 , GPG ID: B3AAEEB0 ,OTC ID: johnthedong
Escrow service is available on a case by case basis! (PM Me to verify I'm the escrow!)

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May 07, 2013, 01:59:56 PM
 #324


Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

So how do you sell you shares if they are not listed on any exchange? Privately via forums?  And how do you know what price to pay if you are buying them? Bid/ask spread must be huge!

M

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phantastisch
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May 07, 2013, 02:02:57 PM
 #325


Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

So how do you sell you shares if they are not listed on any exchange? Privately via forums?  And how do you know what price to pay if you are buying them? Bid/ask spread must be huge!

M

privately or : https://bitfunder.com/asset/G.ASICMINER-PT or https://btct.co/security/ASICMINER-PT or https://bitfunder.com/asset/TAT.ASICMINER.

Ich war nie an der Börse, nehm' nur Bares, geb' die Gage (Zwei G) Stell' keine Fragen über mein privates oder meine Haare (geht dich gar nichts an)
Dass ich unter meinem Versace Bademantel quasi gar nix an hab, Liegt daran das ich gerade ein Bad in meinem Money genommen hab (Chabo mit Gold)
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May 07, 2013, 02:03:38 PM
 #326

, but I'm more than willing to assume you'll lose a lot of US BTC users and adopters if they think BTC is more or less owned by a Chinese company.   

Hang on a minute. AM is a Chinese company? I thought it was a USA based company in mainland USA, but with chinese fabs?

If they ship from china then sctrach all my predicitions because if these USB miners are not sitting in a warehouse in the USA or Europe then they will take a month just to reach the wholesalers even if they ship them today!

I'm now positive not more than a handful of these will be live mining 1st week of June.

BTW, where is AM listed? A USA stock eschange? Small Caps? I just curious if they are paying dividends right now? Because if they are not I would not touch the stock with a bargepole. If BTC/USD price tanks their shares will be toast!

M

Not officially listed anywhere, 3 passthroughs exist , paying dividends every Wednesday, if price tanks not much will happen. IPO at 10$USD per BTC for over 100.000 USD$ , initial IPO-Price 0.1 BTC/Share, initial IPO-Price was paid back completely through dividends after in late march. 18 Th deployed and actively mining.

Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  Grin

And you have people here quing up to pay 2BTC for a 300m/h machine when the seller is openly telling them that they plan to more than quadruple the current network hash rate over the next 2-3 months.

Man there are some stupid people here?

M

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【ANN THREAD】【SLACK】【TWITTER】【TELEGRAM】【BOUNTY】【WHITEPAPER】
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May 07, 2013, 02:31:02 PM
 #327

Not stupid.... Uninformed of the realities.   The smart money would be to buy AM shares with those two BTC while they are currently down. I'm not that smart though.

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May 07, 2013, 02:36:03 PM
 #328

Longer ROI, some people are just okay with it!, Especially those who don't pay for electricity  Roll Eyes, Besides some just want one as souvenir. I know if I could I would buy one just to show the people "Yup, I invested in the awesome people who made this"

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May 07, 2013, 02:46:59 PM
 #329


 Thanks for posting these links. I did not have the foresight to get involved in the AM IPO or get involved with the Bitcoin stock-market at all.

 If I understand correctly, if I go to Bitfunder.com and buy 100 shares of G.ASICMINER-PT, I will then own 100 shares stored at Bitfunder, and they will pay me the dividends in my account that I can then withdraw to my wallet ?
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May 07, 2013, 02:47:50 PM
 #330

Not stupid.... Uninformed of the realities.   The smart money would be to buy AM shares with those two BTC while they are currently down. I'm not that smart though.

I'd have bought AM shares if they were really for sale, but they're not. You don't get a contract directly with AM any more, or at least not last time I checked. You need to trust a couple extra "layers".

If difficulty is going up so much, you're better off getting some coins at this price.

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
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May 07, 2013, 02:58:15 PM
 #331

Longer ROI, some people are just okay with it!, Especially those who don't pay for electricity  Roll Eyes, Besides some just want one as souvenir. I know if I could I would buy one just to show the people "Yup, I invested in the awesome people who made this"

You will never make an ROI unless BTC rises to $200 in the next few months or $1000 in the next few years!

forcast says in 3 years time network difficulty will be over 1000 million (10 million today) an this USB miner will earn less than 0.0001 btc a day.

M

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███ Rebuilding Invoice Finance on The Blockchain ███
【ANN THREAD】【SLACK】【TWITTER】【TELEGRAM】【BOUNTY】【WHITEPAPER】
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May 07, 2013, 03:03:38 PM
 #332

I'd have bought AM shares if they were really for sale, but they're not. You don't get a contract directly with AM any more, or at least not last time I checked. You need to trust a couple extra "layers".
you can buy shares through auctions in this forum.  They are a direct shares.  But, I don't see the point of direct shares, and typically, bitfunder is .1-.3 btc cheaper per share than direct shares.  They all get the same dividends, and I have no reason not to trust the PTs.

Additionally, you can convert PT shares to direct shares, if you want.

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May 07, 2013, 04:35:10 PM
 #333

Current hashrates here: https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

There is plans to up the hashrate to 262TH/s in the next 2-3 months, and this has held true so far. We were at 7-8TH not long ago.  Grin

Point proven.  We're going to 4x the network, meaning our 300 stick is effectively a 75 stick in all reality.  And at 1.99BTC, what a steal!

Time to theorize, a bit.

This also means AM, with that deployment, would blow through the 51% wall, BTC would be insecure, and we should all jump ship before these ambitious upstarts take over.  And there is no "but competitors will be bringing X to market" argument since nobody has proven the ability to deploy anything that counters the hardware that AM will presumably be sitting on.  Which effectively means AM can and/or will selectively maintain an absurd lead mining (not hardware production, but mining) for as long as they please or until a competitor proves its worth.  Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. Cheesy
velacreations
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May 07, 2013, 04:58:42 PM
 #334

Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. Cheesy
which means that now is a good time to buy shares...

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May 07, 2013, 05:57:51 PM
 #335

Still meaning that, much like the folks on BTCGuild, we're currently all on AM's network.  And they're just getting rich off this sh*t. Cheesy
which means that now is a good time to buy shares...

If I was a shareholder I would want to know why the powers that be @ AM are mining in the BTCguild pool paying (wasting) a 7.5% fee, when they they have enough T/H power to mine solo and keep all fees and block rewards for shareholders.

Surely giving away 7.5% of profits and mining "fees" to a third party is crazy?

M

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reactor
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May 07, 2013, 06:03:54 PM
 #336

They mine PPLNS, 1.5% fee and averages higher payout than PPS.  They're smart capitalists. Smiley
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May 07, 2013, 06:08:58 PM
 #337

They mine PPLNS, 1.5% fee and averages higher payout than PPS.  They're smart capitalists. Smiley

So their pool gives them more BTC than they would otherwise gain mining solo?

How is this in the pools interest?

(Not fully read up on mining so forgive if the question is dumb)

Smiley
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May 07, 2013, 06:15:58 PM
 #338

Solo mining is just dumb luck, pooled mining ensures you get paid.  Joy of PPS, no matter how many blocks the pool finds you get paid, but it is riskier (hence hefty fees).  PPLNS means you get paid based on your shares / total shares of found blocks combined value, but since BTCGuild usually does well PPLNS has been a long-term good bet.

Solo has a good chance of finding blocks (for AM, anyway, since they are bigger than most pools), but for investment sakes a pool somewhat guarantees the income.  Plus they seem to have the best luck on BTCGuild (I know I do, next to Bitparking), so they're basically using BTCGuild as a stratum PPLNS server for their mining operation. Smiley
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May 07, 2013, 06:19:27 PM
 #339

Aren't you concerned that people will wake up to the reality of the situation and cause Bitcoin to collapse and be replaced?
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May 07, 2013, 06:42:33 PM
 #340

...since BTCGuild usually does well PPLNS has been a long-term good bet... they're basically using BTCGuild as a stratum PPLNS server for their mining operation. Smiley

 So are saying we should all switch to BTCGuild and mine PPLNS because it's the best game in town ?
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