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redbeans2012
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July 18, 2013, 01:28:41 AM |
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That's essentially what I'm asking. Logically this price is not profitable from an ROI standpoint. I'm asking what else is there that I'm missing that warrants this to be priced over that? Future gains? Those still don't make this profitable if we assume every time runs as planned in the ASIC world.
How is this logically not profitable? Money spent on shares (hopefully) does not eveaporate. You receive dividends and still own the shares which might appreciate. I remains to be seen what the dividends will be but they will certainly be a higher multiple than the share price suggests. Somehow I think there is a wrong headed notion that the dividends should pay for the shares in a timely fashion like the return on mining hardware. We're not discussing mining profitability here. I'm not saying you're wrong for claiming they may appreciate because that I can't predict. I can tell you that even if he had ALL, that's right EVERYTHING he claims hell have by past Septmeber today it wouldn't be enough. "Our hashrate after all of the above and we spend our remaining treasury shares + growth funds: 1.1+ th/s (1100 gh/s)" Put this into our calc we get 1100000/10420 that leaves us with 105Mh/s a share. With a price of 1BTC we put this into our calc; http://www.bitcoinx.com/profit/. with 105MH/s and a cost of 95 and a 6 month time frame you will breakeven in 2 years. In three months you'll be down 63USD. Remember you're losing with gear he doesn't even have yet so to figure it out with his current structure you're a bigger loser. This leaves me to speculate that you guys are missing something rather obvious or you're making a big gamble that he'll get all this "gear" tomorrow and even if he did you're still losing. This is why I'm asking investors why they are currently buying right now in case there is something I have blatantly missed. If you got in from the start that's another story and one I don't care to discuss. I'm talking about the current assest as it stands today. Go research any stock out on the nyse or nasdaq paying dividends and calculate how long it it will take you to break even, you wont find anything under 2 years Looks like APPL would take around 20 to 30 years. or something lol |
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medicine
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July 18, 2013, 01:57:04 AM |
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I never bought with the intentions of breaking even from dividends. I just don't want my bitcoins sitting in a wallet doing nothing. Spreading them out over the most trusted securities (like Cognitive) on the most reliable exchanges (like BTC-TC) seems like a good idea to me.
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mfalme
Newbie
Activity: 40
Merit: 0
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July 18, 2013, 06:44:05 AM
Last edit: July 18, 2013, 08:29:25 AM by mfalme |
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I certainly cant complain about anything. Can't wait to see whats next.
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str4wm4n
Legendary
Activity: 1611
Merit: 1001
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July 18, 2013, 07:41:50 AM |
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people taking some profits huh? looks like low volume though
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stslimited
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July 18, 2013, 01:15:57 PM |
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why do mining company investors think they are here to break even from dividends Warren Buffett didn't write that book!  |
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Vbs
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July 18, 2013, 01:23:38 PM |
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Classic pump and dump.
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stslimited
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July 18, 2013, 03:26:47 PM |
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Classic pump and dump.
pump and dumps fail at high volume all cryptocurrency securities are very illiquid, so if someone needs to liquidate shares now it will disrupt the order books. |
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drewmsmith
Newbie
Activity: 19
Merit: 0
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July 18, 2013, 04:24:30 PM |
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Oh hey, New logo! nice.
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moribana
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July 18, 2013, 10:08:07 PM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
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stabs
Member
Activity: 109
Merit: 10
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July 19, 2013, 12:04:03 AM |
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Are the two other Avalons hashing now:
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redbeans2012
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July 19, 2013, 12:19:25 AM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? |
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moribana
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July 19, 2013, 12:40:19 AM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar. |
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stslimited
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July 19, 2013, 02:01:59 AM |
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did the avalons arrive? Motion said they would be overnighted and hashing by thursday afternoon
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miTgiB
Full Member
Activity: 251
Merit: 100
Du hast
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July 19, 2013, 02:04:29 AM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar. Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate..... |
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redbeans2012
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July 19, 2013, 02:17:49 AM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar. Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate..... He said 330+ Gh/s .. by the end of this week. |
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Garr255 (OP)
Legendary
Activity: 938
Merit: 1000
What's a GPU?
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July 19, 2013, 08:12:21 AM
Last edit: July 19, 2013, 08:43:02 AM by Garr255 |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar. Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate..... He said 330+ Gh/s .. by the end of this week. By the end of the week and 330gh/s? Nah, more like by three hours ago and 393gh/s!  Today I received the final two of our four Avalons, and now they're all happily hashing away at a location with redundant power and internet  And who doesn't like pictures!? Shiny new boxes:  Protip: Before ever turning on an Avalon that has been through the mail: Always check for loose nuts!  Driving to the Avalons' new home...  And here they are, hashing away at a steady 320+ gh/s (One of them has an extra hash unit.)  This puts our total hashrate at: 320 from the Avalons 60 from the SC Single 13 from the FPGAs = a total of 393gh/s mining for us right now And BFL still owes us 7 more SC singles, which equals an additional 420gh/s which we will receive very soon. Then after we receive our Avalon chips we will be hashing at well over 1th/s Cheers, Garrett |
“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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KCBitcoin
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July 19, 2013, 08:18:28 AM |
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It was interesting to follow the discussion about this. It is true that the share price seems rather high considering the hash power it represents right now. Compared to some perpetual mining bonds, it is true. However, companies like Cognitive intend to stay ahead of the pack in the long run. If they can do that and at the same time the dollar price of bitcoin goes up, the this a is really good long-term investment.
Ultimately the whole success of the bitcoin economy depends on whether bitcoin becomes widely accepted and as a result whether there is a steady flow of dollars into bitcoins. If, as we all hope, this happens, those who can keep up the pace will win big time.
Isn't the share price of Basic Mining even more outrageous considering the amount of shares out there? Or am I missing something? I think, you are right. Their hash power per share is 3-4 times less than that of Cognitive. At the same time the share price is similar. Is it? BM is currently 445G/h with another 500 in transit, I'm not sure where Cog is currently, is it 83 and 160ish after the 2nd avalon arrives this weekend? BM has 5x more shares outstanding so unless I am way off on Cog's current hashrate..... He said 330+ Gh/s .. by the end of this week. By the end of the week and 330gh/s? Nah, more like by three hours ago and 393gh/s! Today I received the final two of our four Avalons, and now they're all happily hashing away at a location with redundant power and internet And who doesn't like pictures!? Shiny new boxes: Protip before ever turning on an Avalon that has been through the mail: Always check for loose nuts! Driving to the Avalons' new home... And here they are, hashing away at a steady 320+ gh/s (One of them has four hash units) This puts our total hashrate at: 320 from the Avalons 60 from the SC Single 13 from the FPGAs = a total of 393gh/s mining for us right now And BFL still owes us 7 more SC singles, which equals an additional 420gh/s which we will recieve very soon. Then after we receive our Avalon chips we will be hashing at well over 1th/s Cheers, Garrett Hooray!!! Been waiting for this the whole day! Love ya! Garrett! |
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Tafelpoot
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July 19, 2013, 09:56:21 AM |
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I wonder what will happen here when the sdice shareholders are paid out..
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alexius89
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July 19, 2013, 12:22:11 PM |
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i think its time for a new Update on BTCT. It should increase the share price very much!
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Tafelpoot
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July 19, 2013, 12:38:59 PM
Last edit: July 25, 2013, 02:28:34 PM by Tafelpoot |
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quick comparison between bASIC and Cognitive:
bASIC mining - 51625 outstanding shares -
Total hashrate: 925 Gh/s now
Hashrate/share: 180 Mh/s now
Price: 0.73BTC
Cognitive - 10420 outstanding shares
Total hashrate: 393 Gh/s now, 813 Gh/s when BFL delivers.
Hashrate/share: 377 Mh/s now, 780 Mh/s later.
Price: 0.75BTC
What did I miss?
Edit: so it's 33.7 Mh/s duh.
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