ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Pierre]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving.

[bougelahi]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

[RippleCoins]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Krudkeeper, I think you should stick to monitoring your minecraft servers at home with mommy and daddy. Please stay away from real investments and this thread, you don't know what you are talking about.

 Well said!

[empoweoqwj]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

[TsuyokuNaritai]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

[freedomno1]

SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Lets add this to the shareholder FAQ that makes two good questions now

Why are our miners not doing so good with transaction fees compared to other blocks
Latency issues in china etc.

What are the conditions for a buyback of ASICminer

[Franktank]

The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Unlike S. Dice, AM shares have voting power. Granted BitFountain does have over 51% of all shares but it's the thought that counts, right?

[TsuyokuNaritai]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

[binaryFate]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

I'm ok with that!

[freedomno1]

What are the conditions for a buyback of ASICminer

Here are the only conditions:

If we haven't raised enough money to tape out before August. 28, 2012, we will return 100.5% of the total raised funds to investors of ASICMINER. The 0.5% is for compensating the GLBSE fee.

That's it. Question answered!

So now 2012 has passed...

each ASICMINER share always owns 1/400000 of the company.

...Friedcat's contract with us isn't for life, it's for eternity.

I'm ok with that!

No issues here ^_^
We will grow old together haha

[donut]

[offtopic]

"Global warming?"  The new term is "climate change" because the data failed to support the AGW hypothesis.  Quite the opposite, in fact!  

http://www.ncdc.noaa.gov/sotc/global/2013/6

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]

[vlaoou321]

To announce my own survey data. Source According to statistics from taobao.com my agent in China 5G blade sales 351 (each 9.88BTC) 10G sales 203 (each 18.88BTC) did not count the official website does not direct into calculation

Total sales 7299BTC

[burnside]

Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  )

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   

[freedomno1]

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.  

I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html

[burnside]

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.  

I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html

Ehhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was.      I didn't check any deeper.  It's not like that attack was secret.  Trade carefully I guess...

[foxykah]

asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving.

Oh no, not again this conversation...

Will you again argue about how much tx fees will be in 2230? This is just really boring and every statement revolving this topic is just pure speculation about bitcoin becoming a widely accepted/worldwide currency. Nobody can predict the possibilities of the following years, not even the following months (I bet neither can FC). Why does this conversation even appear every 5-6 pages or so...

[freedomno1]

I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html

Ehhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was.     I didn't check any deeper.  It's not like that attack was secret.  Trade carefully I guess...

Have not security scanned them but definite trade carefully GLBSE

[DiabloD3]

Does anyone know the number of blades and sticks shipped thus far?

[796]

Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  )

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   

Hi burnside,

Since we’re futures exchange, the volume will be great with leverage. The VIP value is easy to earn. And we count 3 times value for automatic settle on Sundays. There has already several members with VIP4 so far. And this VIP tier plan will show its great advantage in the near future. Another reason for the commission plan is that we have free 796Futures-PD exclusively: https://796.com/stockpd?lang=en
Now we gift stocks according to trading volume. For earlier investors, the value of the stocks they get has increased 5 to 10 times; and now the investors can get free stocks for their trading and the value of the stocks can compensate the commission. We guess this is preferable and comforting. See here: https://796.com/other/stock.html?lang=en

About login, users are required to enter Google authenticator after they enable it when they access to their accounts(Mt. Gox style). Besides, we have our creational security code which is saved completely separated and members are requested to enter the security code manually when they want to withdraw. And then we will check the code ourselves. That’s to say, we could definitely protect our users’ fund unless they let out their security code themselves.

Thanks for your attention and your advice.

796 Exchange

[VeeMiner]

Satoshidice was sold, is it just me or should we expect influx of new investors since ASICMINER is probably the only remaining noteworthy investment in bitcoinland today?