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Author Topic: 15 Asicminer shares Auction on Bitmit  (Read 1874 times)
yamaka
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May 12, 2013, 02:56:02 PM
 #1

I put in auction 15 direct shares of Asicminer on Bitmit,

Here is the link to bid:
https://www.bitmit.net/en/item/31924-15-asicminer-shares-not-pt

Hurry up 'cause it ends tomorrow!
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Ubachef
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May 13, 2013, 08:17:37 AM
 #2

Could you please help an humble "niubbo" (ours for newbie) and tell him roughly how many Mh/s are in a share?
thanks a lot
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May 13, 2013, 01:58:40 PM
 #3

Could you please help an humble "niubbo" (ours for newbie) and tell him roughly how many Mh/s are in a share?
thanks a lot

1 share ~ 50 MH/s
15 shares ~ 700 MH/s
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May 13, 2013, 02:01:49 PM
 #4

Could you please help an humble "niubbo" (ours for newbie) and tell him roughly how many Mh/s are in a share?
thanks a lot

Calculations here.
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May 13, 2013, 02:30:22 PM
 #5


1 share ~ 50 MH/s
15 shares ~ 700 MH/s
[/quote]

Thanks for your answer, but this leave me a little puzzled.
700MH/s are now obtained with a BTC3,6 videocard (say Radeon HD7970). Why pay 20+ bitcoins for them?
I know, in the next future they're going to improve the computational power, but I suspect that 2,200MH/s obtained in September are more or less similar to our present 700s.
I really don't know  Roll Eyes
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May 13, 2013, 02:48:58 PM
 #6


1 share ~ 50 MH/s
15 shares ~ 700 MH/s

Thanks for your answer, but this leave me a little puzzled.
700MH/s are now obtained with a BTC3,6 videocard (say Radeon HD7970). Why pay 20+ bitcoins for them?
I know, in the next future they're going to improve the computational power, but I suspect that 2,200MH/s obtained in September are more or less similar to our present 700s.
I really don't know  Roll Eyes
[/quote]
Same puzzled to me
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May 13, 2013, 03:39:46 PM
 #7


1 share ~ 50 MH/s
15 shares ~ 700 MH/s

Thanks for your answer, but this leave me a little puzzled.
700MH/s are now obtained with a BTC3,6 videocard (say Radeon HD7970). Why pay 20+ bitcoins for them?
I know, in the next future they're going to improve the computational power, but I suspect that 2,200MH/s obtained in September are more or less similar to our present 700s.
I really don't know  Roll Eyes
Same puzzled to me
[/quote]

Take in account the most important of having this shares: you are getting 35% or more of interest return annually, and you have shares that increase their value in bitcoin too.
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May 13, 2013, 03:53:09 PM
 #8

Friedcat has said the plan is to have 200+Th/s online within a few months. At that point you are looking at 1 share ~ 500 Mh/s.

Difficulty will obviously be much higher then, but by investing in AM you will (hopefully) stay ahead of the curve. In a few months a Radeon HD7970 won't be worth trying to run, IMO, so your 3.6 BTC would need to have a total return on investment before the upcoming ASIC difficulty spike, which isn't likely IMO.

If AM succeeds then you'll get the dividends and their share price will hopefully remain where it is now or be higher. That is AM hopefully won't depreciate in value whereas the HD7970 will quickly to 0 (or whatever you can sell if for on ebay).
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May 13, 2013, 03:54:24 PM
 #9

And I forgot to mention.. you'll also get some dividend benefit from AM selling blades and USB miners.
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May 13, 2013, 04:29:55 PM
 #10

And I forgot to mention.. you'll also get some dividend benefit from AM selling blades and USB miners.

thanks for your answer. Still, if you today pay 22BTC or 30BTC or even 40BTC for 15 shares, when you can expect a breakeven? if you rely on http://www.bitcoinx.com/profit/ it says that @700MH/s you make 3 cents per day at present conditions.
We can assume they are fix despite the increasing complexity (thanks to AM network and conditions)... but this means you have to wait more than 30 months only to have back your money, it seems too much and maybe to risky for me.

bye
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May 13, 2013, 05:03:54 PM
 #11

I personally wouldn't pay 30+ BTC today for shares. 22 BTC? Maybe. Say you bought 100 shares today. A ballpark for the dividend for the year would be 30 to 50 BTC based on historical performance and the total hash % AM currently has. It may be much higher with the hardware sales dividends, but I would peg a low-end at 30 BTC. Putting a 100 share AM purchase at 147 BTC, that lowers your one year cost for the 100 shares to 117 BTC on the more conservative side and 99 BTC or less on the more optimistic side. A reasonable investment IMO, if you think AM will continue its success full execution.
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May 13, 2013, 11:03:27 PM
 #12

And I forgot to mention.. you'll also get some dividend benefit from AM selling blades and USB miners.

thanks for your answer. Still, if you today pay 22BTC or 30BTC or even 40BTC for 15 shares, when you can expect a breakeven? if you rely on http://www.bitcoinx.com/profit/ it says that @700MH/s you make 3 cents per day at present conditions.
We can assume they are fix despite the increasing complexity (thanks to AM network and conditions)... but this means you have to wait more than 30 months only to have back your money, it seems too much and maybe to risky for me.

bye

If the price of the shares remains stable, you "breakeven" straight away. The shares are worth what you paid for them, so you can sell them again to get your money back.

If you mean, when to the dividends equal what I paid for the shares, it depends on the yield. The yield based on 69 days of trading on btct.co is 41% which if maintained would mean you receive dividends equal to your investment in about 2 years. The difference is you still have the shares which are probably still worth something, instead of some old hardware.

Shares != Hardware

 
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yamaka
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May 14, 2013, 08:31:55 AM
 #13

There is a winner: mc_lovin , when shares transfer is done it will be confirmed here..

Thanks to all guys bidding for this great investment.
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May 14, 2013, 02:43:30 PM
 #14

yay go me! Smiley

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May 17, 2013, 04:02:08 AM
 #15

There is a winner: mc_lovin , when shares transfer is done it will be confirmed here..

Thanks to all guys bidding for this great investment.

Message friedcat to transfer the shares please.  It's been long enough, yamaka. 

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May 19, 2013, 02:58:08 AM
 #16

The transfer to mc_lovin's account is done.

yamaka
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May 19, 2013, 08:53:53 PM
 #17

The transfer to mc_lovin's account is done.

Thanks Friedcat for quick response, now buyer would release the Bitmit escrow.

I'll confirm here when it's done.
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May 20, 2013, 01:04:16 AM
 #18

Escrow released Smiley

yamaka
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May 20, 2013, 04:25:34 AM
 #19

Escrow released Smiley

Thanks you for good auction!! Trustfully forum/bitmit user. Happy ASIC mining !!
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