twbt
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An AA rated Bandoneonista
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September 22, 2013, 12:23:34 AM
Last edit: September 22, 2013, 02:18:33 PM by twbt |
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Hopefully you will start to add your rationales to your estimations.
1) AM is still hashing ~ 50 TH/s. 2) Gen-2 will start hashing in December. 3) The network diff raises ~ 30% every 12 days. 4) Hardware sells are going down, because buyers now may understand the business plan of AM. RESULT: Hashing income ~ 0.0035 per share. Hardware income ~ 0.004 per share. Share price ~ 1.6. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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freedomno1
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Learning the troll avoidance button :)
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September 22, 2013, 01:20:44 AM |
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Believing in Bitcoins and it's ability to change the world
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CMMPro
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September 22, 2013, 02:09:31 AM |
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Fuck off with Labcoin news....we all can read the same "news" in their forum if we wanted to.
"Competitor news" is an excuse to OT shill their shares over here.
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freedomno1
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Learning the troll avoidance button :)
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September 22, 2013, 02:12:14 AM
Last edit: September 22, 2013, 02:53:53 AM by freedomno1 |
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Fuck off with Labcoin news....we all can read the same "news" in their forum if we wanted to.
"Competitor news" is an excuse to OT shill their shares over here.
If competition has some actual proof they are doing something AM investors may want to know But I digress ( he-he see you went off to the labcoin thread right after whistle someone read and applied it lol) |
Believing in Bitcoins and it's ability to change the world
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CMMPro
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September 22, 2013, 03:24:14 AM |
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Fuck off with Labcoin news....we all can read the same "news" in their forum if we wanted to.
"Competitor news" is an excuse to OT shill their shares over here.
If competition has some actual proof they are doing something AM investors may want to know But I digress ( he-he see you went off to the labcoin thread right after whistle someone read and applied it lol) Yeah I went off to the Labcoin thread...you know, the place where Labcoin news BELONGS. It isn't some secret thread only you have access to...we don't need people to relay off topic into this thread and clutter it up more. |
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Rebelution
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Merit: 10
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September 22, 2013, 04:19:41 AM |
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Fuck off with Labcoin news....we all can read the same "news" in their forum if we wanted to.
"Competitor news" is an excuse to OT shill their shares over here.
If competition has some actual proof they are doing something AM investors may want to know But I digress ( he-he see you went off to the labcoin thread right after whistle someone read and applied it lol) Yeah I went off to the Labcoin thread...you know, the place where Labcoin news BELONGS. It isn't some secret thread only you have access to...we don't need people to relay off topic into this thread and clutter it up more. Thanks for posting freedomno1. I think such milestones at competitors are definitely worth posting here. It definitely has a great effect on AM's share price and valuation. Personally to me, this still does not prove that they are legit. They could have just used some of the IPO funds to buy some blades. If they really had chips, I don't see why they would have such difficulty snapping a few pictures. But I will leave that discussion for Labcoin. Thanks for posting! |
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SOSLOVE868
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September 22, 2013, 01:28:28 PM |
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How long till someone claims friedcat tanked the value of AM so he could buyback some of his shares, then release alllll the hasing power and come back to being on top with massive profits....
This what I am thought too... I think the AM's is undervalue right now! |
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Whtwabbit
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September 22, 2013, 01:33:47 PM |
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Maybe he's just giving the Blade buyers a break?
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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wickedgoodtrader
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September 22, 2013, 06:27:57 PM |
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I'm new to the thread. I was invested in AM in the past and made a nice profit but sold when I saw their network % dropping. I've kept my eye on them. What is the reason they hold such a small % of the network? Shouldn't they be keeping at least 20%. I thought they had the capabilities to do this and if they do, why don't they do it?
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Rannasha
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September 22, 2013, 06:32:17 PM |
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I'm new to the thread. I was invested in AM in the past and made a nice profit but sold when I saw their network % dropping. I've kept my eye on them. What is the reason they hold such a small % of the network? Shouldn't they be keeping at least 20%. I thought they had the capabilities to do this and if they do, why don't they do it?
AM was very quick to the ASIC-armsrace, but by now there is quite a bit of competition from other companies. Additionally, AM seems to be busy with getting their 2nd generation out (though there haven't been many updates on this recently). Finally, mining has become less profitable thanks to the difficulty explosion. If mining is not as profitable anymore, it might be better to just sell the hardware rather than mine with it yourself. |
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velacreations
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September 22, 2013, 06:51:25 PM |
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it's very simple - they don't sell used hardware. So, if they have Gen1 hardware being assembled and/or on hand, it makes financial sense to sell it from now until Gen2 comes out.
If they deploy hardware instead of selling it, then in 2 months (or less), they have tons of hardware they can't sell and has not made the same amount of profit as if they sold it now.
So, until they start filling the farm with Gen2, they are going to sell any Gen1 hardware they can to maximize profit.
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Mabsark
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September 22, 2013, 07:07:20 PM |
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Does anyone know how much has been kept back from dividends so far to pay for the next gen chips?
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velacreations
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September 22, 2013, 07:13:37 PM |
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Does anyone know how much has been kept back from dividends so far to pay for the next gen chips?
not sure, but some estimates last week were around 10K btc |
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Mabsark
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September 22, 2013, 07:31:36 PM |
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Does anyone know how much has been kept back from dividends so far to pay for the next gen chips?
not sure, but some estimates last week were around 10K btc If we assume that dividends would be 0.02 BTC without anything being kept back, then subtract the actual dividends paid, we can get an estimate for the amount held back for each week. The total for the past 5 dividends being 0.03806709 BTC per share. If we assume that 50% of the dividends were held back, the total is 0.06193291. If we go with the earlier figure, then 0.03806709 BTC/share * 400,000 shares = 15,226.836 BTC. Depending on the price the bitcoins were exchanged for, we get the following values for USD: 100 USD/BTC = 1,522,683.60 USD 110 USD/BTC = 1,674,951.96 USD 120 USD/BTC = 1,827,220.32 USD 130 USD/BTC = 1,979,488.68 USD 140 USD/BTC = 2,131,757.04 USD If we assume only half of that has been held back, that's still 750,000 USD. Does anyone know how much needs to be raised for the 2nd gen chips? |
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SebastianJu
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Legendary Escrow Service - Tip Jar in Profile
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September 22, 2013, 07:36:39 PM |
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Someone mentioned gen2 will only be assembled in decembre... is that true? I mean friedcat already ordered those chips months ago isnt it?
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Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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velacreations
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September 22, 2013, 08:21:02 PM |
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Someone mentioned gen2 will only be assembled in decembre... is that true? I mean friedcat already ordered those chips months ago isnt it?
it was my understanding that they would be deployed Nov/Dec. Assembly would have to happen sooner. |
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velacreations
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September 22, 2013, 08:22:28 PM |
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Does anyone know how much needs to be raised for the 2nd gen chips?
I don't think it's been said, maybe a board member knows, but no one is saying. |
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velacreations
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September 22, 2013, 08:25:10 PM |
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If we go with the earlier figure, then 0.03806709 BTC/share * 400,000 shares = 15,226.836 BTC.
there was a post last week that was watching an address that had 9K btc in it that was receiving funds from AM. Right before the dividend, it had over 10K btc in it. I don't know if that's the withholding (I kinda doubt it), but I believe that's where the 10K btc estimate came from. |
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keeron
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September 22, 2013, 08:48:55 PM |
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That was me (I think) Here is that address http://blockchain.info/address/1HgTJED7XEGy4vVwKa8kgefWqUB3VRX2mW11k btc now :-) If we go with the earlier figure, then 0.03806709 BTC/share * 400,000 shares = 15,226.836 BTC.
there was a post last week that was watching an address that had 9K btc in it that was receiving funds from AM. Right before the dividend, it had over 10K btc in it. I don't know if that's the withholding (I kinda doubt it), but I believe that's where the 10K btc estimate came from. |
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Lohoris
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September 22, 2013, 10:57:50 PM |
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The argument that Bitcoin uses alot of energy is just a cheap shot that is easily refuted with comparison to the current systems. You don't even to go deep and comprehensive like the above just the ATM machines woeldwide and you are done. Believe it or not some people bring that up when we are talking bitcoin and they feel like under mining the system, pun intended  Not so a cheap shot. The core of this argument is that the traditional systems scale with their use (i.e. the more transactions VISA has to process, the more it costs to them to process them), while Bitcoin isn't linear, it is unrelated to that (i.e. the cost of processing transactions isn't related to the amount of transactions processed, and it constantly increases). That is, if mining increases more quickly than adoption, we've got a problem. AND adoption is hard-capped by population, while mining has no cap, so we've got a problem anyway, in the long run. |
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