ASICMINER: Entering the Future of ASIC Mining by Inventing It

[TheFuneral]

asicminer is only 1% of network according to blockchain.. dang - gone are the days of 20%+

Wait two weeks it will be 20% and growning.

Did I miss a FC post? gen2?

[bbxx]

asicminer is only 1% of network according to blockchain.. dang - gone are the days of 20%+

Wait two weeks it will be 20% and growning.

Did I miss a FC post? gen2?

Gen 1.5 500th

[dexX7]

Gen 1.5 500th

To my understanding those 500 TH/s are intended for sale, or did I get that one wrong?

Hardware Update
• Already shipped devices (Gen1, already shipped) were limited by quantity of the power chip supply we pre-ordered before two months.
• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
• If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
• The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.

[JimiQ84]

Gen 1.5 500th

To my understanding those 500 TH/s are intended for sale, or did I get that one wrong?

Hardware Update
• Already shipped devices (Gen1, already shipped) were limited by quantity of the power chip supply we pre-ordered before two months.
• We made an order of another brand of power chips which are about two weeks late. In October this will provide another 500TH/s (Gen1).
• If any deal of ordering Gen1 chips from outside buyers via us is reached, additional orders will be made.
• The size of the Gen2 order will be decided as appropriate, according to the network difficulty when it is time to finalize the order size.

Yes, mainly sale, some for franchising. We know internal hashing power is limited to 47TH/s. Although, there is some capacity at new datacenter, but who knows when it will be ready to use.

[puck2]

0.00879957  confirmed

Really truly great return on my investment... still... anything more, which I'm led to expect.... that will be INSANE!

[Vycid]

I am looking to sell a 6-month, partially escrowed 50 share AM futures contract.

Underlying can be Bitfunder shares at approx 1.5 ea or direct shares at approx 1.45 ea.

The partial escrow is a chance to lever your AM holdings. Reputable counterparties only please. PM if interested.

[supert]

I am looking to sell a 6-month, partially escrowed 50 share AM futures contract.

Underlying can be Bitfunder shares at approx 1.5 ea or direct shares at approx 1.45 ea.

The partial escrow is a chance to lever your AM holdings. Reputable counterparties only please. PM if interested.

Potential counterparties please be aware that if you are long the future you do not receive the divs.

I.e. Vycid can sell the future and buy the underlying, picking up the divs on the way. The price of the future should reflect the difference.

Quite a nice trade idea actually.

[runeks]

I am looking to sell a 6-month, partially escrowed 50 share AM futures contract.

Underlying can be Bitfunder shares at approx 1.5 ea or direct shares at approx 1.45 ea.

The partial escrow is a chance to lever your AM holdings. Reputable counterparties only please. PM if interested.

Potential counterparties please be aware that if you are long the future you do not receive the divs.

I.e. Vycid can sell the future and buy the underlying, picking up the divs on the way. The price of the future should reflect the difference.

Quite a nice trade idea actually.

If the premium on the price of the contract is more or less the expected div (which it should be), this shouldn't be a problem.
EDIT: You already pointed this out.

Ie., with the current price being 1.5/share, and the contract being of 6 month duration, if the buyer expects a 0.015 weekly dividend per share, the price of the contract would be 1.886 BTC.

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

[Vycid]

I am looking to sell a 6-month, partially escrowed 50 share AM futures contract.

Underlying can be Bitfunder shares at approx 1.5 ea or direct shares at approx 1.45 ea.

The partial escrow is a chance to lever your AM holdings. Reputable counterparties only please. PM if interested.

Potential counterparties please be aware that if you are long the future you do not receive the divs.

I.e. Vycid can sell the future and buy the underlying, picking up the divs on the way. The price of the future should reflect the difference.

Quite a nice trade idea actually.

If the premium on the price of the contract is more or less the expected div (which it should be), this shouldn't be a problem.
EDIT: You already pointed this out.

Ie., with the current price being 1.5/share, and the contract being of 6 month duration, if the buyer expects a 0.015 weekly dividend per share, the price of the contract would be 1.886 BTC.

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

Because it is a partially unsecured contract, the expectation that I should cover all of the potential dividends via premium is unreasonable. If you have 75 BTC sitting around in cash, you should just buy the shares now (and avoid escrow fees and counterparty risk).

If you are very bullish on AM - I expect any potential counterparty here would be - then you probably do not have much spare cash. So this is a chance to increase your exposure by 75 BTC for much less up-front in collateral (the negotiated amount of collateral for both parties is naturally dependent on reputation and ability to pay).

[lophie]

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

I am highly interested in this but I have to really think about it and make calculations.

seems risky trust-wise as well.........

[runeks]

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

I am highly interested in this but I have to really think about it and make calculations.

seems risky trust-wise as well.........

I imagine we would agree on an escrow agent, and I would keep a certain margin with this escrow agent.

We could use, for example, 30% margin, so I would start by sending (again, using the 1.5 BTC per share figure) 1.5 BTC * 30% = 0.45 BTC to the escrow agent per share. And if the stock price rises to, say, 3.0, I would need to send more money to add up to 0.9 BTC per share.

Would you be interested in that?

[adamstgBit]

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

I am highly interested in this but I have to really think about it and make calculations.

seems risky trust-wise as well.........

I imagine we would agree on an escrow agent, and I would keep a certain margin with this escrow agent.

We could use, for example, 30% margin, so I would start by sending (again, using the 1.5 BTC per share figure) 1.5 BTC * 30% = 0.45 BTC to the escrow agent per share. And if the stock price rises to, say, 3.0, I would need to send more money to add up to 0.9 BTC per share.

Would you be interested in that?

you want to short ASICMiner ?

[runeks]

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

I am highly interested in this but I have to really think about it and make calculations.

seems risky trust-wise as well.........

I imagine we would agree on an escrow agent, and I would keep a certain margin with this escrow agent.

We could use, for example, 30% margin, so I would start by sending (again, using the 1.5 BTC per share figure) 1.5 BTC * 30% = 0.45 BTC to the escrow agent per share. And if the stock price rises to, say, 3.0, I would need to send more money to add up to 0.9 BTC per share.

Would you be interested in that?

you want to short ASICMiner ?

I'm considering it.

[adamstgBit]

you want to short ASICMiner ?

I'm considering it.

Leveraged Capitulation?

lol

[twbt]

Hopefully you will start to add your rationales to your estimations.

Sorry, I was wrong: The share value decreased from 2 to 1.75 to 1.5 after the last 2 div payments. Thought the decreasement would be linear, not exponential.

[JimiQ84]

franchising looks like 5,5TH/s for the time being. I expect one or two more transactions. Anyway, last time the same addresses sent only equivalent of 5TH/s (too bad rise in difficulty was 32%)

[conv3rsion]

I am looking to sell a 6-month, partially escrowed 50 share AM futures contract.

Underlying can be Bitfunder shares at approx 1.5 ea or direct shares at approx 1.45 ea.

The partial escrow is a chance to lever your AM holdings. Reputable counterparties only please. PM if interested.

Potential counterparties please be aware that if you are long the future you do not receive the divs.

I.e. Vycid can sell the future and buy the underlying, picking up the divs on the way. The price of the future should reflect the difference.

Quite a nice trade idea actually.

If the premium on the price of the contract is more or less the expected div (which it should be), this shouldn't be a problem.
EDIT: You already pointed this out.

Ie., with the current price being 1.5/share, and the contract being of 6 month duration, if the buyer expects a 0.015 weekly dividend per share, the price of the contract would be 1.886 BTC.

I've been thinking about something else, which simply is borrowing ASICMiner shares at a certain interest rate. Anyone interested in this? I would borrow ASICMiner shares at 50% interest p.a. for a maximum of 6 months. So if we initiate the loan when the share price is 1.5 BTC, I would pay 0.7829% interest per week, or 0.0117 BTC per week for the duration of the loan. I can close the position at any time by returning the shares to the owner. Does this have interest for anyone? It would basically lock in the average dividend for the owner of the share, at 0.0117 BTC per week.

Because it is a partially unsecured contract, the expectation that I should cover all of the potential dividends via premium is unreasonable. If you have 75 BTC sitting around in cash, you should just buy the shares now (and avoid escrow fees and counterparty risk).

If you are very bullish on AM - I expect any potential counterparty here would be - then you probably do not have much spare cash. So this is a chance to increase your exposure by 75 BTC for much less up-front in collateral (the negotiated amount of collateral for both parties is naturally dependent on reputation and ability to pay).

I don't understand who your potential counterparty is. My understanding is that it would be someone who is very bullish for the period of time greater than 6 months from now and who does not mind the fact that they would not receive any dividends for the next 6 months, but ignores that those dividends would be growing in order for the trade to be worthwhile (since the potential discount only makes sense if the price has risen, and for the price to rise the dividends must also). Someone who thinks AM won't compete well for the next 6 months (so losing divs doesn't matter) but then WILL compete well after then and will appreciate being able to option buying shares at 1.5

So the only way you lose is if AM is very late to Gen 3 (keeping the share price down) and then dominates all future competitors at that point. But if AM is very late to Gen 3, then the share price will fall and no one will exercise those options anyway.

Again, I don't understand who your potential customer is.

[physalis]

Is this thread bugged somehow...? Why do I only see 689 pages?

edit: hmm seems to work. But there was more, or did I dream that?

[SmiGueL]

Is this thread bugged somehow...? Why do I only see 689 pages?

edit: hmm seems to work. But there was more, or did I dream that?

I also saw this a few months ago, probably because someone is deleting his (older) posts or something.

[empoweoqwj]

Is this thread bugged somehow...? Why do I only see 689 pages?

edit: hmm seems to work. But there was more, or did I dream that?

as if 689 ain't enough to plough through