louong
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May 22, 2013, 08:04:32 AM |
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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?  |
Bitcoin Tips Accepted: 17r5ebmU2JDqEuEfWkWzJ9TkShS1MqTJYH
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ffssixtynine
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May 22, 2013, 08:07:21 AM |
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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. |
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JordanL
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Merit: 250
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May 22, 2013, 08:11:07 AM |
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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.  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. |
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Faraday
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May 22, 2013, 08:12:27 AM |
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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. |
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MikkisJ
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May 22, 2013, 10:37:31 AM |
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What time it is when they tell the devidend of the week? And does it always happen here first?
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arklan
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Merit: 1008
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May 22, 2013, 10:45:59 AM |
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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. |
i don't post much, but this space for rent.
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Rodyland
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May 22, 2013, 11:32:48 AM |
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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? 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.  |
Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
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Xendrios
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May 22, 2013, 11:43:38 AM |
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Anyone has an educated guess on todays divident?
I'm thinking less than last weeks... Or did we sell more devices?
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ning
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May 22, 2013, 11:45:13 AM |
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https://btct.co/ seems to be down at the moment. Does anyone here know what happened?
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arklan
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Merit: 1008
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May 22, 2013, 11:47:56 AM |
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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. |
i don't post much, but this space for rent.
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SmiGueL
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May 22, 2013, 12:12:24 PM
Last edit: May 22, 2013, 12:36:10 PM by SmiGueL |
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Divs are a bit hard to guess this week  - 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. - Blade sells are also very difficult to guess.. it 'll be +0.0115/share for every 100 sold blades. |
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Xendrios
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May 22, 2013, 12:32:57 PM |
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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 :-) |
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vortex1878
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May 22, 2013, 12:33:43 PM |
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Could be. But that news on reddit is 6 days old, you genius. |
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philipma1957
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Activity: 4298
Merit: 8773
'The right to privacy matters'
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May 22, 2013, 12:47:24 PM |
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https://btct.co/ seems to be down at the moment. Does anyone here know what happened? ddos |
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ning
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May 22, 2013, 01:03:02 PM |
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https://btct.co/ seems to be down at the moment. Does anyone here know what happened? ddos MtGox is probably green-eyed for this:) |
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philipma1957
Legendary
Online
Activity: 4298
Merit: 8773
'The right to privacy matters'
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May 22, 2013, 01:21:21 PM |
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https://btct.co/ seems to be down at the moment. Does anyone here know what happened? ddos MtGox is probably green-eyed for this:) true but the attack is annoying I was going to list 5 of my 10 shares for 3.01 coins each can't do it now. |
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Faraday
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May 22, 2013, 01:48:30 PM |
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true but the attack is annoying I was going to list 5 of my 10 shares for 3.01 coins each can't do it now.
They wouldn't sell would they? Unless I missed something.. Price is 2.48 on bitfunder. |
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lophie
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May 22, 2013, 01:50:22 PM |
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DDoS cheap shares BTC_ BTC, Spreading FUD: OMG sell fast BTC is over ASIMINER is over omg |
Will take me a while to climb up again, But where is a will, there is a way...
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Caesium
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May 22, 2013, 01:54:18 PM |
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true but the attack is annoying I was going to list 5 of my 10 shares for 3.01 coins each can't do it now.
They wouldn't sell would they? Unless I missed something.. Price is 2.48 on bitfunder. Not today, but maybe tomorrow |
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