greatscott
Newbie
 Offline
Activity: 45
Merit: 0
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September 18, 2013, 06:33:05 AM |
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My guess: 0.013, because I'm speculating that FC's trying to stabilize the div payouts to help squelch share-price volatility.
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binaryFate
Legendary
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Activity: 1484
Merit: 1003
Still wild and free
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September 18, 2013, 01:42:28 PM |
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My guess: 0.013, because I'm speculating that FC's trying to stabilize the div payouts to help squelch share-price volatility.
+1 for 0.013. But why would FC care about current share price and short-term fluctuations of it? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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runeks
Legendary
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Activity: 980
Merit: 1008
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September 18, 2013, 02:01:06 PM |
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So, just to have some fun while waiting, on the old addresses related to hardware sales there are almost 1000 BTC. Someone said that there should be another 2000 BTC that weren't included in last week dividends. Does anyone have other informations?
About 1200 BTC mined.So 1000 BTC + 2000 BTC + 1200 BTC = 4200 BTC 4200 BTC/400000 shares = 0.0105 per share minus funds reserved for Gen2/R&D? Could we see below 0.01 per share? |
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velacreations (OP)
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September 18, 2013, 02:29:57 PM |
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So, just to have some fun while waiting, on the old addresses related to hardware sales there are almost 1000 BTC. Someone said that there should be another 2000 BTC that weren't included in last week dividends. Does anyone have other informations?
About 1200 BTC mined.So 1000 BTC + 2000 BTC + 1200 BTC = 4200 BTC 4200 BTC/400000 shares = 0.0105 per share minus funds reserved for Gen2/R&D? Could we see below 0.01 per share? I'm not sure if he'll reserve funds again this time, I had assumed that he wouldn't here's the discussion of funds not included last week: |
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supert
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September 18, 2013, 03:55:41 PM |
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0.00967485
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tinus42
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September 18, 2013, 04:01:27 PM |
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So, just to have some fun while waiting, on the old addresses related to hardware sales there are almost 1000 BTC. Someone said that there should be another 2000 BTC that weren't included in last week dividends. Does anyone have other informations?
About 1200 BTC mined.So 1000 BTC + 2000 BTC + 1200 BTC = 4200 BTC 4200 BTC/400000 shares = 0.0105 per share minus funds reserved for Gen2/R&D? Could we see below 0.01 per share? Yes we did.  |
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binaryFate
Legendary
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Activity: 1484
Merit: 1003
Still wild and free
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September 18, 2013, 04:04:17 PM |
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Guys, see the good side of this: we might get rid of Vycid soon  |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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mechs
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September 18, 2013, 04:08:38 PM |
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0.00967485
As I said before, the dividends are meaningless at this point. They will be low as all coins going towards gen 2 R&D. What matters is the hashrate and ASICMiner being able to stay ahead of the game. |
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runeks
Legendary
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Activity: 980
Merit: 1008
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September 18, 2013, 04:09:30 PM |
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Looks like someone took a huge dump on these news.
Bid is down to 1.87 (ask is still 2.047).
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mechs
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September 18, 2013, 04:21:05 PM |
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Looks like someone took a huge dump on these news.
Bid is down to 1.87 (ask is still 2.047).
All the speculators and weak hands, we are definitely going lower before mid-November which is the earlier I think we will see gen 2 from Asicminer. My bet is we reach 1.2-1.5. |
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velacreations (OP)
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September 18, 2013, 04:27:02 PM |
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from the other thread: 30 of the shares sold on BTCT were mine.
I dumped a good chunk, to diversify.... was holding out to see if divs were going to turn around this week. Since they have not, I am moving stuff elsewhere. I may buy back in some that I sold if people dump it too low after Burnside pays divs.
95% of my BTC are in AM, I need to change this.
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velacreations (OP)
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September 18, 2013, 04:29:30 PM |
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As I said before, the dividends are meaningless at this point.
I think the market disagrees. When the div is lower than the one before, we see a significant sell off. |
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mechs
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September 18, 2013, 04:36:35 PM |
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As I said before, the dividends are meaningless at this point.
I think the market disagrees. When the div is lower than the one before, we see a significant sell off. I know but I disagree with the market;) |
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velacreations (OP)
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September 18, 2013, 04:45:12 PM |
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I know but I disagree with the market;)
I don't blame you, I disagree with it, myself. |
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mechs
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September 18, 2013, 05:55:51 PM |
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Many people entered at this level or a bit lower, I'm not surprised there are so many sells: they can live with not taking much profit, but I don't see why they should risk losing their initial investment too.
The fact is there are a lot of weak handed speculators in AM that are easily shaken out with every low div published. My point is there will be low divs for a couple months until gen 2 ready. Therefore, this will drive the price lower as the weak hands get shooken out. I will stay on the sidelines until early November and then by accumulate at my best guess of the point of maximum pesstimism. My guess, we will see 1.2-1.5 in the not so distant future (mid-November). However, long-term, we will see 4.5-5.0 again (by January 2014). |
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binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
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September 18, 2013, 05:57:36 PM |
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AM hash rate is either very very low or completely null at the moment. What the heeeeeell is going on?
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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empoweoqwj
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September 18, 2013, 06:00:55 PM |
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This is the lowest dividend I have received. Share price is plummeting. Hashing % down to almost nothing. Highly irregular updates from friedcat.
I'm really hoping he is investing a lot of bitcoins in more mining equipment and gen 2 stuff. I'm going to "hang in" because I really can't afford to sell at these levels having bought at 2.5 to 3.5. But if things continue, we could be seeing sub 1.0 BTC share price very soon
Time to pray !!
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velacreations (OP)
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September 18, 2013, 06:01:37 PM |
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AM hash rate is either very very low or completely null at the moment. What the heeeeeell is going on?
FC is selling hardware. More profit on Gen1 can be made by selling it rather than mining. |
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binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
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September 18, 2013, 06:03:11 PM |
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AM hash rate is either very very low or completely null at the moment. What the heeeeeell is going on?
FC is selling hardware. More profit on Gen1 can be made by selling it rather than mining. Afaik FC is not selling the first model of blades, he was never selling used equipement right? So where are they right now instead of mining? |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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velacreations (OP)
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September 18, 2013, 06:05:10 PM |
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Afaik FC is not selling the first model of blades, he was never selling used equipement right? So where are they right now instead of mining?
If I recall, there was an estimate a few days ago that mining+franchising = max hash rate we have ever seen. So, I expect that he is franchising out old equipment, and is not adding anything Gen1 to the farm right now, cause Gen2 is on the horizon. |
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