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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888152 times)
SebastianJu
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April 08, 2013, 03:43:54 PM
 #2941

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him...

Counting on future dividends of 0.01917149 is an unrealistic estimation. This amount was paid back when friedcat was trying to return all the money (or, as much as possible) to the IPO investors. Since then, friedcat has reduced dividends significantly. As others have estimated, dividends are expected to be around 0.006-0.007 (assuming no large expenses) given that AM has about 10% of the total hash rate.

Why unrealistic? If they manage to solve the power and network problems they can bring online the other 6 TH and it would be 20% or so beyond the initial dividends then. Then there are the 50TH... i dont think its too unrealistic. Only because 240000 shares came to it now doesnt mean that this cant be compensated...

we are at 7,1 TH/s, so only 4,9 TH/s remains Cheesy But it was promised to be deployed by the end of march and we are in second third of april :-(

Youre right. It was an example because 50TH are waiting already. And of course the deployment stopped because of the problems. But the way you calculate you only would be right if these problems couldnt be solved. I think thats far from reality. The problems will be solved and asicminer can spend as much money as they want to buy more TH. You only have to look at the costs of the last 200TH. 2 weeks with lower dividend, thats it.
So i think your estimations are way too pessimistic. Maybe it will still need another month until deployment moves on... but i dont see a reason why the problems shouldnt be solved.

Hi guys,

I've been out for a while, and was wondering how to manage my shares since GLBSE is out; I have around 100shares, and I've seen sites like BTC-TC and Bitfunder, that offer the possibility to manage them (asking first to friedcat)... Which one do you prefer? is there one better? regarding Security, fees, dividends, minimun shares or restrictions, etc...

Thanks  Wink

You should note that you cant manage you asicminer shares there. You will get asicminer-passthrough-shares in exchange and these can you manage there. So you dont have a contract with friedcat anymore.
If you chose you should know that you can turn the passthrough-shares back to asicminer with a minimum of 240 shares with deadterra and 1 with burnside.

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April 08, 2013, 05:57:37 PM
 #2942

Any updates from friedcat on how deployment of the 50 TH is going?
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April 08, 2013, 05:59:10 PM
 #2943

eleuthria on BTCGuild obtaining 51% - a response from ASICMINER:

https://bitcointalk.org/index.php?topic=49417.msg1773665#msg1773665


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I've received a response from the ASICMINER team.  They are aware of BTC Guild's growing share of the network, and have told me that their next batches of power will be split among more pools or even solo mining to avoid a pool reaching 51%.  They have also identified that selling hardware is on the table if their own share of the network approaches the 51% level.  This doesn't mean the 51% plan in place will change, but it hopefully means the pool will not hit the 45% stage, and any increases in fees if we hit 40% should only last for 1-2 weeks.

"The difference between a castle and a prison is only a question of who holds the keys."
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April 08, 2013, 06:45:24 PM
 #2944

eleuthria on BTCGuild obtaining 51% - a response from ASICMINER:

https://bitcointalk.org/index.php?topic=49417.msg1773665#msg1773665


Quote
I've received a response from the ASICMINER team.  They are aware of BTC Guild's growing share of the network, and have told me that their next batches of power will be split among more pools or even solo mining to avoid a pool reaching 51%.  They have also identified that selling hardware is on the table if their own share of the network approaches the 51% level.  This doesn't mean the 51% plan in place will change, but it hopefully means the pool will not hit the 45% stage, and any increases in fees if we hit 40% should only last for 1-2 weeks.

Im glad to see they will split to other pools in the next deployment cycle.

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April 08, 2013, 10:47:44 PM
 #2945

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?
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April 08, 2013, 10:52:20 PM
 #2946

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

Why? I mean they would give away shares they own and would further have to pay dividends for these shares to others. But friedcat anyway already said that they will use the shares they own above the 200000 shares to give them to employees and similar.

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April 08, 2013, 10:52:59 PM
 #2947

Any updates from friedcat on how deployment of the 50 TH is going?

Yeah, spill the beans... damn it...  Tongue

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April 08, 2013, 10:54:51 PM
 #2948

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

At this time, I do not see that being a possibility. They would need an official exchange for that to occur and there is the issue of share dillution/distribution of the BitFountain portion. From what I've heard, there may be future share sales from AM in cases of quick funds for R&D or expansion. Don't expect it anytime soon. Check the auction subforum or passthroughs to acquire more.
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April 08, 2013, 10:57:39 PM
 #2949

Any updates from friedcat on how deployment of the 50 TH is going?

Yeah, spill the beans... damn it...  Tongue

Unless Bitfountain has gone anonymous on Ozcoin, it ain't there... and user 67117 at BTCguild is back down to 7,068Gh/s... but maybe new deployment is at yet-to-be-named pools. or even solo?
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April 08, 2013, 11:03:05 PM
 #2950

Any updates from friedcat on how deployment of the 50 TH is going?

Yeah, spill the beans... damn it...  Tongue

Unless Bitfountain has gone anonymous on Ozcoin, it ain't there... and user 67117 at BTCguild is back down to 7,068Gh/s... but maybe new deployment is at yet-to-be-named pools. or even solo?

It's not mid-April yet, guys.  Wait for it patiently.

(BFL)^2 < 0
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April 08, 2013, 11:22:30 PM
 #2951

It's not mid-April yet, guys.  Wait for it patiently.

I almost got burned by Tom/bitcoinASIC, so now I'm twitchy. I trust friedcat but patience comes hard these days.
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April 08, 2013, 11:25:06 PM
 #2952

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

1. Impossible as there are only full shares. How would the payout of decimals work?

2. Not required. Feel free to by (PT-)shares from your dividend.
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April 08, 2013, 11:32:43 PM
 #2953

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

1. Impossible as there are only full shares. How would the payout of decimals work?

2. Not required. Feel free to by (PT-)shares from your dividend.

Bitfunder even has dividend reinvestment option for G.ASICMINER-PT (https://bitfunder.com/asset/G.ASICMINER-PT).
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April 08, 2013, 11:48:15 PM
 #2954

Would it be possible for ASICMINER to issue a stock dividend instead of weekly BTC payments?

1. Impossible as there are only full shares. How would the payout of decimals work?

2. Not required. Feel free to by (PT-)shares from your dividend.

Bitfunder even has dividend reinvestment option for G.ASICMINER-PT (https://bitfunder.com/asset/G.ASICMINER-PT).

Yup, both sites with PT's have dividend re-investment.  Hit "Portfolio", "My Dividends" if you're using btct.co.  Very handy.

Cheers.
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April 09, 2013, 12:06:03 AM
 #2955

I'm curious, is it possible for ASICMINER to issue futures contracts?

J.
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April 09, 2013, 12:33:02 AM
 #2956

I'm curious, is it possible for ASICMINER to issue futures contracts?

J.

Futures contracts over/against what?

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April 09, 2013, 12:56:41 AM
 #2957

AM hashing now at 7.21 Th/s.

The Fire Rises!!
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April 09, 2013, 01:03:12 AM
 #2958

I'm curious, is it possible for ASICMINER to issue futures contracts?

J.

Futures contracts over/against what?

I was thinking future Bitcoin delivery...
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April 09, 2013, 01:45:56 AM
 #2959

I'm curious, is it possible for ASICMINER to issue futures contracts?

J.

Futures contracts over/against what?

I was thinking future Bitcoin delivery...

Sounds more like something more suitable for an exchange-based PT than for ASICMINER itself to deal with.

Is an interesting idea, not sure if it has legs.  Effectively an asicminer share is a futures contract against all future dividend payments from asicminer.  And you're talking about buying (or selling), say, the next 6 months of dividend payments?  (as an example).

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April 09, 2013, 01:54:03 AM
 #2960

Could someone link me to where Friedcat discusses issuing test units to board members? What is the latest news on that?

I'm having trouble finding the info...
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