Bitcoin Forum
August 22, 2019, 03:58:17 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 ... 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 [276] 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3897251 times)
pierrejo
Donator
Sr. Member
*
Offline Offline

Activity: 290
Merit: 250



View Profile
May 22, 2013, 07:11:00 AM
 #5501

You are welcome to your own interpretation, but I have to warn you that thinking one layer deep is why some people make less money than others. Your example completely ignores my point.
Regarding my security, what do you find lacking?

You don't have to warn me, numbers speak to me well enough.
1) I think 5% is overkill for someone who essentially does nothing a spreadsheet wouldn't do. The overhead should be 3.5% tops.

2) I genuinely don't trust your security because you have nothing invested / no credibility in my eyes short of "I'm connected on linkedin with burnside" which, despite my huge respect for burnside, means squat when it comes to make me trust you - he might be friend with a dude who claims to be Batman for all I care, that won't make me call that guy Bruce Wayne.

3) I see way too much of you on those forums, always out to sell yourself. Let the market talk instead of having puppet posts prop TAT up. What's your company? What do YOU do?

3) I agree with the concept of a 1/100th share, even with a small fee, but you need to provide better backing for the security to warrant that fee. The fact that you prevent people from converting to full share makes sense to try to grow your shares and get to a board seat, but doesn't work in your favor to make one trust you - it makes it sound like it exactly is: the customer is locked in. I don't like to be locked in. At 5%, I think you should let people exchange to direct share for a minor fee (5%) and you'd still come up on top.

4) Currently I would much rather work only with full ASICMINER & PT shares that are backed by people with very public profiles + exchanges built by themselves (read: by people who are more interested in the exchange succeeding rather than a guy out to make more BTCs), than deal with someone shady who is alluding to thievery in his username - it genuinely bothers me that you find the name proper, particularly after Pirateat40. For everyone's sake, I hope you're a honest guy. But I wouldn't touch the shares with a stick right now: you haven't provided anything that would insure us against you taking the money and running - NOTHING protects TAT investors but trust. Investors beware.

This is free advice - no warning - many people are out to scam this community, I'd advise everyone to be very careful. I don't think TAT is out to scam people but others might & you would do well to use escrow, 2 factor, and the new trust system being put into place when dealing with others...

As to you TAT, I wish you the best in that venture and hope you learn plenty doing so and eventually succeed.
 
1566446297
Hero Member
*
Offline Offline

Posts: 1566446297

View Profile Personal Message (Offline)

Ignore
1566446297
Reply with quote  #2

1566446297
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1566446297
Hero Member
*
Offline Offline

Posts: 1566446297

View Profile Personal Message (Offline)

Ignore
1566446297
Reply with quote  #2

1566446297
Report to moderator
VJain
Sr. Member
****
Offline Offline

Activity: 305
Merit: 250


View Profile WWW
May 22, 2013, 07:21:46 AM
 #5502

As someone mentioned above (tired and it's late. Give me a break Smiley ), they're buying as many ASICMINER shares as they can via the 1/1 PT, and using the change @ the 1/100 PT.

Great that I can reinvest my change back into the asset without having to wait for the next dividend to come in to optimize things (it's minor, but it adds up in the long run).

As for the not able to trade into real shares... I can totally understand what TAT is doing. If I had 100 1/100 shares, and wanted to trade it into a real share, that'd mean Friedcat would have to handle the transaction. Now imagine if 50 people want to do this a day. That's 350 "pointless" transactions Friedcat would have to handle. Imo, not worth his time. Maybe if I had 5,000 1/100 shares (50 shares) it would be worth it.

For the 5%... I'm not a huge fan, but a 95% return on a 50% an ASICMINER Share dividend is 0%.  If people have so many issues, maybe one of them should step up and run a 1/100 PT themselves?

On a personal note. I'm glad TAT is being 100% honest about why he is doing this. He wants a seat on the board. No bullshit, simple truth.

Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
May 22, 2013, 07:44:05 AM
 #5503

For everyone else, I'm just going to note that I can tell that pierrejo is the kind of person that is "always right" and cannot be reasoned with. Since he has not posed any new questions, nor ascertainable criticisms of substance, I have no more to say to him. I know if respond point-by-point to him any further, this will just clutter an already stuffed thread unnecessarily.

Managing assets is much more time-consuming than it might appear, ask anyone that has actually run a popular one. Thanks to everyone for your support; I'm here to stay and if you ever have questions or suggestions, my door is always open (within reason, of course!)



pierrejo
Donator
Sr. Member
*
Offline Offline

Activity: 290
Merit: 250



View Profile
May 22, 2013, 07:55:55 AM
 #5504

For everyone else, I'm just going to note that I can tell that pierrejo is the kind of person that is "always right" and cannot be reasoned with. Since he has not posed any new questions, nor ascertainable criticisms of substance, I have no more to say to him. I know if respond point-by-point to him any further, this will just clutter an already stuffed thread unnecessarily.

Managing assets is much more time-consuming than it might appear, ask anyone that has actually run a popular one. Thanks to everyone for your support, I'm here to stay and if you ever have questions or suggestions, my door is always open (within reason, of course!)

You've set yourself at a point where you tell me what I am - while I really just asked to see more of who YOU were, let that speak what it may.
I am fine with you not speaking to me - but I have a voice and I intend to use it: My points have been stated and I would recommend people invest into Direct shares or ASICMINER-PT on https://btct.co. I think that all of us in this thread will agree.
matt4054
Legendary
*
Offline Offline

Activity: 1554
Merit: 1000


BitcoinQueue.com


View Profile WWW
May 22, 2013, 08:01:40 AM
 #5505

Re: converting 100/1 into 1/1, I think it is not that complicated to place a buy order for 1/1 and a sell order for 100*1/100 at the same price, the market is liquid enough on BTC-TC and BitFunder as far as I have seen.
louong
Member
**
Offline Offline

Activity: 87
Merit: 10



View Profile
May 22, 2013, 08:04:32 AM
 #5506

Wasn't there another 1/100 PT by Rodyland that was convertible to full PTs? Just let people pick whatever PT or 1/100 PT they want. And let's get back to discussing ASICMINER instead of the PTs? Grin

Bitcoin Tips Accepted: 17r5ebmU2JDqEuEfWkWzJ9TkShS1MqTJYH
ffssixtynine
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250



View Profile
May 22, 2013, 08:07:21 AM
 #5507

I am fine with you not speaking to me - but I have a voice and I intend to use it: My points have been stated and I would recommend people invest into Direct shares or ASICMINER-PT on https://btct.co. I think that all of us in this thread will agree.

Speak for yourself. If someone is running a fund it takes time. If they choose to charge a fee, as happens on many funds, then they can. It's not bad, it's not disreputable, and they don't need to offer other services such as real shares. It is their fund and their choice. It is your choice not to invest in it for the reasons you've given, but please stop banging on about it.

If someone wants to invest in these shares then they do it accepting the 5% fee and the other rules. If an alternative fund comes up which has better terms then they'll move. Until then, that's the market position and it is a free market.

You are always free to manage a competing fund.
JordanL
Donator
Sr. Member
*
Offline Offline

Activity: 294
Merit: 250



View Profile
May 22, 2013, 08:11:07 AM
 #5508

Milestone Alert

With recent share prices of 2.5 BTC/share on all fronts, Bitfountain is now a "million bitcoin company".

Overvalued? Undervalued? P/E ratio looks good, being between 2-3, which still provides some growth potential for company valuation. However, growth will mainly depend on investor sentiment on how strong of a foothold Bitfountain has in the bitcoin mining industry. How much of the recent investment represents true investor confidence and how much is speculation is difficult to say.

I'd like to disclose that the leadership team and the board members are working hard to make sure Bitfountain is here to stay. This requires constant innovation on the technology front and a business model which scales and satisfies the need of the bitcoin mining community. The challenge is that Bitfountain has to full-fill two opposing goals: Maintaining hash-power and fair pricing of their hardware.

To see why this is a problem is to understand the nature of the competitiveness in the bitcoin mining industry. To maintain hash-power, Bitfountain has to constantly produce new mining boards and add them to the operation. Each added board compromises the earnings of any board sold earlier. This leads to an inflation which can be expressed as a generalized network growth and a devaluation of the mining equipment over time. This has implications for capital investment and ROI. However, being in a position to produce their own hardware at margin costs, Bitfountain is able to compete vigilantly with the overall market on the technology front.

I'll leave it up to friedcat to provide more information on these issues as they become apparent.

For now all I want to say:
Well done Bitfountain. You exceeded even the most optimistic expectations.

Thanks for the insight Jutarul, it's very much appreciated. As is the effort provided by you and others on the board and/or leadership team. Each week Bitcountain continues to prove that it is being operated by an extremely competent group, and that the future is bright.  Cool

Also thanks for selling me those shares a few months back for BTC0.5... I can only imagine what your portfolio looks like these days.   Grin Grin Grin
Faraday
Sr. Member
****
Offline Offline

Activity: 240
Merit: 250


View Profile
May 22, 2013, 08:12:27 AM
 #5509

This discussion should really be in the appropriate place: https://bitcointalk.org/index.php?topic=199449.20 this thread should be for discussion on ASICMINER not for a 3 page argument about one specific pass-through scheme.

That aside, I think that a 1/100 share is a good idea and something that the market needed. If you don't like the fee or don't trust TAT with your BTC then don't use it or find/create another one. As far as not being able to transfer to full shares, I don't really see the issue seeing as you can exchange them for BTC then buy full shares on the same exchange, saving friedcat having to deal with even more transfers allowing him to spend his time on more important matters.

I do agree that it is a risk to trust ThickAsThieves with your money, but most things bitcoin related are a risk. And the risk isn't really that large if you sell your shares and buy full ones whenever you have 100, so the amount you are risking is less than the price of 1 full share at any time.
MikkisJ
Member
**
Offline Offline

Activity: 99
Merit: 10


View Profile
May 22, 2013, 10:37:31 AM
 #5510

What time it is when they tell the devidend of the week? And does it always happen here first?
arklan
Legendary
*
Offline Offline

Activity: 1694
Merit: 1003



View Profile
May 22, 2013, 10:45:59 AM
 #5511

What time it is when they tell the devidend of the week? And does it always happen here first?

one of the shareholders usually spots it and mentions it in this thread first, yea.

also, the timing varies a bit, but it should be within about 6 hours at the most.
Rodyland
Hero Member
*****
Offline Offline

Activity: 499
Merit: 500


View Profile
May 22, 2013, 11:32:48 AM
 #5512

Wasn't there another 1/100 PT by Rodyland that was convertible to full PTs? Just let people pick whatever PT or 1/100 PT they want. And let's get back to discussing ASICMINER instead of the PTs? Grin

I don't want to crap up this thread any more than it has been, but yes, one of the main features I wanted to offer, and I thought others would value, was convertability to and from full-share PT as well as full shares (with minimum transaction limits).

Sadly (for me) the moderators at LTC-Global (ie the owners of btct.co) have chosen not to vote to approve my listing.   After 3 weeks, it seems to me that either I'm not trustworthy and/or my model isn't deemed worthy, and I plan on pulling the plug on my offering. 

Sadly for investors, that means the only micro-share PT for ASICMiner on the three exchanges I'm aware of - btc-tc, bitfunder and havelock - are owned and run by one person.  This sort of concentration of ownership and lack of competition does not strike me as a good thing.  But I digress.

On the plus side (for me), the extra shares I purchased to sell into my IPO (because I didn't want to sell my own personal holdings) have doubled in value.  Cheesy

Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
Xendrios
Full Member
***
Offline Offline

Activity: 212
Merit: 100



View Profile WWW
May 22, 2013, 11:43:38 AM
 #5513

Anyone has an educated guess on todays divident?

I'm thinking less than last weeks... Or did we sell more devices?

Sell or buy items at bitcoin247sales.com - flatrate fees - cheapest around!
Post feedback at https://bitcointalk.org/index.php?topic=328169.0
ning
Full Member
***
Offline Offline

Activity: 173
Merit: 100



View Profile
May 22, 2013, 11:45:13 AM
 #5514

https://btct.co/ seems to be down at the moment. Does anyone here know what happened?
arklan
Legendary
*
Offline Offline

Activity: 1694
Merit: 1003



View Profile
May 22, 2013, 11:47:56 AM
 #5515

Anyone has an educated guess on todays divident?

I'm thinking less than last weeks... Or did we sell more devices?

more have been sold, yes. though how many i don't know. i personally can account for 511 of the USB sticks, and i know i've seen people get tracking info for the blades.
SmiGueL
Sr. Member
****
Offline Offline

Activity: 321
Merit: 250



View Profile
May 22, 2013, 12:12:24 PM
Last edit: May 22, 2013, 12:36:10 PM by SmiGueL
 #5516

Divs are a bit hard to guess this week Tongue

- 0.0130/share from mining isn't probably far off.
- If only those 511 are sold that would mean a +0.0024/share on the divs, but if all 10k are sold we're looking at 0.0490/share. Cool
- Blade sells are also very difficult to guess.. it 'll be +0.0115/share for every 100 sold blades.

Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
guruguru
Sr. Member
****
Offline Offline

Activity: 296
Merit: 250

Naranjas y mandarinas por BTC


View Profile WWW
May 22, 2013, 12:24:05 PM
 #5517

https://btct.co/ seems to be down at the moment. Does anyone here know what happened?


btct.co under ddos attack :-(


http://www.reddit.com/domain/btct.co/

Naranjas y mandarinas por BTC en https://bitcointalk.org/index.php?topic=372499.0
124bC5LkxPjvSAo3egbw9FAHsa2u8nSpP9
Imagen QR aqui:   https://blockchain.info/es/qr?data=124bC5LkxPjvSAo3egbw9FAHsa2u8nSpP9&size=200
Xendrios
Full Member
***
Offline Offline

Activity: 212
Merit: 100



View Profile WWW
May 22, 2013, 12:32:57 PM
 #5518

Anyone has an educated guess on todays divident?

I'm thinking less than last weeks... Or did we sell more devices?

more have been sold, yes. though how many i don't know. i personally can account for 511 of the USB sticks, and i know i've seen people get tracking info for the blades.

k, so more blades have been sold on top of the usb sticks. Nice nice. Sounds promising :-)

Sell or buy items at bitcoin247sales.com - flatrate fees - cheapest around!
Post feedback at https://bitcointalk.org/index.php?topic=328169.0
vortex1878
Hero Member
*****
Offline Offline

Activity: 492
Merit: 500


View Profile
May 22, 2013, 12:33:43 PM
 #5519

https://btct.co/ seems to be down at the moment. Does anyone here know what happened?


btct.co under ddos attack :-(


http://www.reddit.com/domain/btct.co/

Could be. But that news on reddit is 6 days old, you genius.  Grin
philipma1957
Legendary
*
Offline Offline

Activity: 2562
Merit: 1864



View Profile
May 22, 2013, 12:47:24 PM
 #5520

https://btct.co/ seems to be down at the moment. Does anyone here know what happened?

ddos 

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
Pages: « 1 ... 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 [276] 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 ... 1348 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!