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Author Topic: [TAT.VIRTUALMINE]  (Read 23189 times)
elefter
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June 03, 2013, 08:36:53 AM
 #61

I pity the person who sold 1000 TAT.VM shares at 0.0007 instead of 0.007 by mistake on bf .That's what created an interesting V in the chart.

hehe yeah i shaw and was like whaaaat?
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June 03, 2013, 09:08:54 AM
 #62

Wouldn't the fundamental value of these shares be inversely proportional to difficulty?

That means that they are designed to slowly dwindle in value until they are worthless. doesn't it?

i don't see how you could possibly get an ROI in the long term. could be good for a short stint though if you get out at the right time.
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June 03, 2013, 10:23:34 AM
 #63

Can you explain what you mean by "backed by ... ASICMINER shares"? Does this mean that TAT.VM holds shares of ASICMINER, and these shares belong to bond holders? Or, does it just mean that TAT.VM promises to hold a certain number of shares of ASICMINER as assurance that TAT.VM dividends will be paid?

Also, does "ASICMINER shares that represent an amount of hashing power" mean average hashing power per ASICMINER share? For example, the current ASICMINER hashing power is about 20 Th/s, or about 50 Mh/s/share, so each TAT.VM share would be backed by 1/50th of an ASICMINER share, right?

Finally, in addition to mining, a portion of ASICMINER dividends is based on the profits from sales of hardware. What happens to this portion of the dividends?

TAT.VM promises to hold a certain number of ASICMINER shares as extra assurance that the daily payouts will be made. This is in addition to the confidence that I have enough personal bitcoin to make payouts, even if I didn't hold backing assets.

Your understanding of the hashing aspect and how it works to back this asset is correct. Essentially, I am promising to hold an amount of AM shares that provably represents and equal or greater amount of hashing power to the amount of TAT.VM I have sold.

The only relationship my AM holdings have to this asset is as a form of assurance that the daily payout, as determined by the 24-hour hashing reward formula, will be paid with total confidence. TAT.VM is strictly meant to represent a virtual 1MH/s of hashing power, and the average mining rewards that might reap in a real-world setting, as determined by the formula.

-----

If I may, I'm hoping to address your dissenting vote for TAT.VM to list on BTCTC

TAT.VM is more than a simple bond, as it provides a speculative instrument that is very relevant within the current market environment. Due to the overpriced and obfuscated value of the majority of mining assets on the market, there will be creative ways to "play" this asset that will also lead to making a profit, due to its daily payout frequency and that the market likely considers TAT.VM to be underpriced.

What I am offering, despite its obvious exposure to mining difficulty increases, is one of the best value hashing representations out there.

Additionally, no matter how unlikely it may seem, it is not a guarantee the mining difficulty will go up forever, and this asset does provide a method for someone to hedge against that. In this sense I do have real risks on the table, risks that I had to consider heavily in pricing this asset.

Thank you for your questions, I do hope my answers help you to reconsider your vote for TAT.VM on BTCTC!
ThickAsThieves
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June 03, 2013, 10:26:51 AM
 #64

hi tat, your handy chart should include picostock's 100th bitfury project.  200mh/share for btc0.289 at present is 0.001445 per mh.

https://picostocks.com/stocks/view/19

I considered them, but most people have never used picostocks.com, and I'm uncertain of its trustworthiness and notoriety within the community.

The chart was merely meant to paint a picture of a generally overpriced marketplace. If/when I update it in the future, I'll reconsider the 100TH project, particularly if it has materialized by then. Wink
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June 03, 2013, 10:30:11 AM
 #65

hi tat, your handy chart should include picostock's 100th bitfury project.  200mh/share for btc0.289 at present is 0.001445 per mh.

https://picostocks.com/stocks/view/19

I considered them, but most people have never used picostocks.com, and I'm uncertain of its trustworthiness and notoriety within the community.

The chart was merely meant to paint a picture of a generally overpriced marketplace. If/when I update it in the future, I'll reconsider the 100TH project, particularly if it has materialized by then. Wink

Same with me. Do a PTs on BF or BTCT with TAT. !

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June 03, 2013, 10:36:37 AM
 #66

when are the dividends payed?

will they be payed after all the 100k shares from IPO have been sold?
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June 03, 2013, 10:50:33 AM
 #67

when are the dividends payed?

will they be payed after all the 100k shares from IPO have been sold?

Dividends are paid daily at roughly 12PM EST. BitFunder does not have a feature to allow me to schedule payouts ahead of time, so they must be done manually.

Payouts will be made on this schedule regardless of the amount of shares sold.

The first payout will be in about 5 hours!
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June 03, 2013, 11:13:00 AM
 #68

when are the dividends payed?

will they be payed after all the 100k shares from IPO have been sold?

Dividends are paid daily at roughly 12PM EST. BitFunder does not have a feature to allow me to schedule payouts ahead of time, so they must be done manually.

Payouts will be made on this schedule regardless of the amount of shares sold.

The first payout will be in about 5 hours!

Manual? Wow, that sucks.

@EricMuyser | Coinlancer.com | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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June 03, 2013, 03:01:32 PM
 #69

The IPO is 80% sold so far.

The first daily payout is in about an hour, at 0.00004138 per share.
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June 03, 2013, 04:02:32 PM
 #70

The first daily payout is complete; 94% of the IPO sold in 24 hours!

Thanks to everyone for a successful day.
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June 03, 2013, 05:42:13 PM
 #71

This is a good start to a project, thank you
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June 03, 2013, 09:33:45 PM
 #72

TAT any news on a havelock release

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ThickAsThieves
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June 03, 2013, 10:31:58 PM
 #73

TAT any news on a havelock release

Havelock talks are in the works, nothing guaranteed yet though.
elefter
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June 03, 2013, 10:43:05 PM
 #74

Wouldn't the fundamental value of these shares be inversely proportional to difficulty?

That means that they are designed to slowly dwindle in value until they are worthless. doesn't it?

i don't see how you could possibly get an ROI in the long term. could be good for a short stint though if you get out at the right time.

in theory they will get worthless when mining doesnt produce more bitcoins sometimes in the future (2040?)
so id say it is possible you will get your money back and profit just by dividents but if that is a profitable idea is another matter...
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June 03, 2013, 10:52:44 PM
 #75

Right now, the dividends are near 3.5% per week, which are significantly higher than what ASICminer can produce, I would say this would be a very profitable investment for about a month or so.
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June 04, 2013, 12:04:29 AM
 #76

Them some sweet sweet divs. This first month will be the best, but it'll still be worth keeping it in here for ~8 months. After 8 months it'll prob be at 5% APY which is OK if stable.

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June 04, 2013, 01:07:50 AM
 #77

Theres a near 10% disparity between the bids and asks over at bitfunder right now, someone could easily make a quick buck.
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June 04, 2013, 05:58:12 AM
 #78

The first daily payout is complete; 94% of the IPO sold in 24 hours!

Thanks to everyone for a successful day.

Congrats! should be able to make profit from this in the short term. Unless you get hasty with the releases any drive the market down....  Smiley

Will there be a notification process on the releases? or will they be kind of just sprung on the market?
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June 04, 2013, 06:52:57 AM
 #79

Them some sweet sweet divs. This first month will be the best, but it'll still be worth keeping it in here for ~8 months. After 8 months it'll prob be at 5% APY which is OK if stable.
You have not done research on the network difficulty.

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Eric Muyser
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June 04, 2013, 08:18:06 AM
 #80

Them some sweet sweet divs. This first month will be the best, but it'll still be worth keeping it in here for ~8 months. After 8 months it'll prob be at 5% APY which is OK if stable.
You have not done research on the network difficulty.

Perhaps not enough, but anything is a guess without knowing how ASIC shipments will play out.

I guestimated based on coinish.com's calculator (rather than $2.66, it was at $62.6 with 0 months as time to delivery) with an increase in difficulty of 1.3% per day that it will be 23x now in 8 months (so around 300 mil). If the APY is around 120% now, it could be 5% in 8 months.

Whatever, if it's 5 months or it's 2%, the point is it'll be good holding onto it up to 5% APY anyway. Before we hit even 15% I don't expect people to be dropping out, YABMC is still going good.

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