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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914350 times)
bitdude
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June 23, 2014, 01:03:00 PM
 #21021

are these AM100 to AM1 conversions done automatically and instantly or done manually on request?

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June 23, 2014, 01:23:00 PM
 #21022

 I hope the dividends will come soon Grin
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June 23, 2014, 01:42:19 PM
 #21023

are these AM100 to AM1 conversions done automatically and instantly or done manually on request?



AM100 is an AM1 share/100 * 0.95. Havelock takes a 5% fee on divs for breaking down these shares into 1/100th of an AM1 share. In saying that, I really dont think you can just buy 100x AM100 shares and convert them to an AM1 share. Maybe 105? That makes more sense. But I could be wrong here too.
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June 23, 2014, 01:55:31 PM
 #21024

I don't know if Havelock charge 5% on AM100. But when TAT had the AM100 he charged 5% and you had the posibility to transfer 105 AM100 to one AM1.
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June 23, 2014, 02:00:32 PM
 #21025

I don't know if Havelock charge 5% on AM100. But when TAT had the AM100 he charged 5% and you had the posibility to transfer 105 AM100 to one AM1.

Quote
Shares
Each 1 share of AM100 represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.

Dividends
Each AM100 share has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by ASICMINER to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from ASICMINER.

Source: https://www.havelockinvestments.com/fund.php?symbol=AM100

Although it could be outdated, this is what is posted on the havelock AM100 page..
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June 23, 2014, 02:09:51 PM
 #21026

...
I am tempted to make the company's (havelock-)value go down below IPO. I mean... enough is enough.
...

If you do this, please make sure you fill my order for 100 units @ 0.091. I'd love some shares at that price.

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BTC: 14MP75VG3Nf53pSEjowmA9gVPVvEvNpabz
aahzmundus
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June 23, 2014, 03:36:26 PM
 #21027

The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset...  I would love if they got rid of the 5% fee AND let you freely convert...

Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.

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June 23, 2014, 03:44:25 PM
 #21028

My buy order for AM1 for ฿0.19205408 just executed, what do you think? Smiley

Hard to say how it will do... good luck though!
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June 23, 2014, 03:51:48 PM
 #21029

The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset...  I would love if they got rid of the 5% fee AND let you freely convert...

Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.

That may be a good idea!

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June 23, 2014, 03:56:41 PM
 #21030

The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset...  I would love if they got rid of the 5% fee AND let you freely convert...

Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.

+1 This is a very good idea!
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June 23, 2014, 04:01:47 PM
 #21031

Is there a place to find historical price data on Asicminer shares older than its listing on Havelock, for example, old btct.co data or even forum auction trades?  Has that been charted or graphed anywhere?




BTC:  1K4VpdQXQhgmTmq68rbWhybvoRcyNHKyVP
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June 23, 2014, 04:03:16 PM
 #21032

The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset...  I would love if they got rid of the 5% fee AND let you freely convert...

Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.

That may be a good idea!


This has my full support. The environment in which both AM1 and AM100 thrived has now changed over the past year. Having one dedicated investment vehicle for this makes sense, and with the rising value of BTC in fiat terms, I see AM100 as that vehicle.
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June 23, 2014, 04:12:02 PM
 #21033

Is there a place to find historical price data on Asicminer shares older than its listing on Havelock, for example, old btct.co data or even forum auction trades?  Has that been charted or graphed anywhere?





You really don't want to see those data  Cry

I should have gotten into Bitcoin back in 1992...
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June 23, 2014, 04:13:43 PM
 #21034

What I had a good idea?  Something must be wrong here...

But in all seriousness, the more I think about it the more I like it.  I can see no reason to not go through with this change.  The only people it would hurt would be people that play arbitrage between the two assets (which I do from time to time), but those people are not really doing useful work... they are just taking advantage of a bad setup.

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June 23, 2014, 05:51:07 PM
 #21035

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo

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June 23, 2014, 06:02:49 PM
 #21036

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

It would be a shame if after all the months we've been looking at these immersion cooling setups if they just decided to go elsewhere for chips. 
bitcoin.newsfeed
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June 23, 2014, 06:05:29 PM
 #21037

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

... Question Everything, Believe Nothing ...
KS
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June 23, 2014, 06:12:57 PM
 #21038

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

FTFY. This might prove an important distinction.
raskul
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June 23, 2014, 06:13:39 PM
 #21039

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
minerpumpkin
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June 23, 2014, 06:15:18 PM
 #21040

Progress Update 23 Jun 2014:

Here is a first progress update since the original announcement of DataTank Mining
   
• We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...

Is this bad for AM?

If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.

free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.

Franchised mining

I should have gotten into Bitcoin back in 1992...
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