ASICMINER: Entering the Future of ASIC Mining by Inventing It

[VolanicEruptor]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friendcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Dividends need to be high for the stock price to move upwards -- simply because it is an unregulated exchange dealing with people's anonymous hard earned cash.  The reward has to match the risk, and I think the 60% dividends reflect that.  The layers of security are paper thin, so you pretty much answered question 1 on your own.

[physalis]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

1. You are. But we all are 50-60% annual is good, but it only works if the high dividends stay the way they are. And you have to consider that you will not necessarily be able to sell your shares back at the price you bought them, so in the worst case (share price -> 0), you'll need 100% yield to even start making a profit.

2. Yes

[blackreplica]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder). Risks aside, the value proposition just seems really good.

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friendcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

First off, 71 shares, damn, you loaded!

1. I don't think you are crazy, it should be all good:D

2. no idea, sorry

haha...loaded? no...just lucky...i bought my stash back in august 2012. Never thought BTC/USD would get this high this quick. Been sitting on my stash too long and i thought hey why not invest some of it and get a nice return? I've done a little research and the only 2 stocks I feel confident enough to touch are ASICminer and S.Dice. But I like the mining angle a lot more than the gambling angle and seeing how well friedcat communicates here and builds so much trust was what pushed me over the edge

[notme]

Friendcat is the best cat.

Who is Friendcat?

[Exocyst]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Best not to quote how many shares of anything you bought anywhere on this board (Thieves/scammers lurking)

In the future, "I bought some shares of ASICMINER on a passthrough" would be a more prudent approach.

[VolanicEruptor]

Friendcat is the best cat.

Who is Friendcat?

[blackreplica]

BTW thank you all for answering the questions. Just to clarify the shares I bought are the full versions, not the passthroughs. I assume either way I'm in time for the dividends so thanks guys.

[ThickAsThieves]

Friendcat is the best cat.

Who is Friendcat?

We do chikun right!

[blackreplica]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Best not to quote how many shares of anything you bought anywhere on this board (Thieves/scammers lurking)

In the future, "I bought some shares of ASICMINER on a passthrough" would be a more prudent approach.

Noted, thank you. Not much point editing the original post now I guess since its already been quoted like a dozen times

[SaintFlow]

Mining walled emptied according to
http://www.asicminercharts.com/live/

cannot be long now

[empoweoqwj]

I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

The price has gone waaaay up. It started at 0.1 BTC just X months ago ...

[SmiGueL]

Mining walled emptied according to
http://www.asicminercharts.com/live/

cannot be long now

That transfer happened 4 hours ago


Can we please stop the slowchat?..  

Just tell it when the divs arrive


_{Last guess: 0.01577078521}

[notme]

Friendcat is the best cat.

Who is Friendcat?

If he comes with chicken, I agree.  Friendcat is the best cat.

[ianp]

If he comes with chicken, I agree.  Friendcat is the best cat.

FWIW, Friendcat was in response to the new shareholder who asked questions about his new shares. He wrote Friendcat, not Friedcat

[blackreplica]

Guilty as charged. Fixed the typo a couple of minutes later but was already quoted multiple times by then.

intellectual property rights on the name friendcat are now mine

[rumbitla]

0.01487579 BTC!!!!!!!!!!!!!!

[ianp]

0.01487579 BTC!!!!!!!!!!!!!!

............

[notme]

If he comes with chicken, I agree.  Friendcat is the best cat.

FWIW, Friendcat was in response to the new shareholder who asked questions about his new shares. He wrote Friendcat, not Friedcat

No worries, just trollin'

[notme]

0.01487579 BTC!!!!!!!!!!!!!!

............

0.01414214

[Mnw]

serious?