Bitcoin Forum
November 28, 2022, 07:07:59 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   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 ... 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 [408] 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3914548 times)
ninjaboon
Legendary
*
Offline Offline

Activity: 2114
Merit: 1002



View Profile WWW
June 22, 2013, 03:27:58 PM
 #8141

Think it might be some kind of scam I don't know how both these members are able to claim ownership of this address, so I assume they are using sock puppet accounts to scam members.

I'm selling my 25 shares 1Q1ytqxdKSgjJimmJ5nTxPiSt674QkBzzM - friedcat please confirm.

3.1 btc each

This is bitcoinplay

HF1SgooJ+IHXhCPFj/0os2M+x36mehj/Jk+FrmtJfq7beJQQuioTtqveyQXG1ZeK9wKZw07mDQGjwzcCZAw8mHs=

I am selling ASICMINER shares for 2.85 BTC per share.

https://blockchain.info/address/1Q1ytqxdKSgjJimmJ5nTxPiSt674QkBzzM

Quote
I am btharper on Bitcointalk and I am selling my 25 ASICMINER shares

HPrNLhGeoo5NvZRD0nyc2dgNYO8FhVFq+qe5NMyp+KzJAXe2DBhhHBvXlWK9IyhZKcAJ6AYE7pCt2Szrw40dm1A=

No escrow (I need funds fast), if you don't like it don't trade. I've been here since 2012 and I've conducted various trades.

PM for details. First come first serve.

great analysis on this. we need to weed out the scammers.

Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1669662479
Hero Member
*
Offline Offline

Posts: 1669662479

View Profile Personal Message (Offline)

Ignore
1669662479
Reply with quote  #2

1669662479
Report to moderator
Strange Vlad
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
June 22, 2013, 03:37:12 PM
 #8142

anyone have that chart of estimated dividends based on hashrate?

Here are the charts I follow:

http://www.asicminercharts.com/live/

http://runeks.dk/bitcoin/

http://www.asicminercharts.com/

is it just me or does anyone else have a problem viewing those in chrome?

I also have problems with Chrome 28.0.1500.52 beta and Opera 12.13, but no problems with Safari (all OSX). Didn't try Firefox.

Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 22, 2013, 03:45:57 PM
 #8143

anyone have that chart of estimated dividends based on hashrate?

Here are the charts I follow:

http://www.asicminercharts.com/live/

http://runeks.dk/bitcoin/

http://www.asicminercharts.com/

is it just me or does anyone else have a problem viewing those in chrome?

I also have problems with Chrome 28.0.1500.52 beta and Opera 12.13, but no problems with Safari (all OSX). Didn't try Firefox.

I'm using Chrome Version 27.0.1453.116 OSX - works fine. Sounds like a beta issue then? But also fails on some Windows systems apparently.
GGGGG
Full Member
***
Offline Offline

Activity: 183
Merit: 100



View Profile
June 22, 2013, 03:50:47 PM
 #8144

Is anyone else having trouble accessing btct.co?
Rannasha
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
June 22, 2013, 03:51:49 PM
 #8145

Is anyone else having trouble accessing btct.co?

Yes, it's currently down. No official word on cause and ETA yet.
ShroomsKit
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
June 22, 2013, 04:00:15 PM
 #8146

Is anyone else having trouble accessing btct.co?

Been down for 2 hours or so.

Its price is not a very relevant factor in its adoption....
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
June 22, 2013, 04:01:04 PM
 #8147

Is anyone else having trouble accessing btct.co?

Been down for 2 hours or so.

Trying to get people to panic sell, don't give in.
Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
June 22, 2013, 04:02:22 PM
 #8148

Is anyone else having trouble accessing btct.co?

Been down for 2 hours or so.

Trying to get people to panic sell, don't give in.
How do you panic sell, when the site is down?
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
June 22, 2013, 04:07:08 PM
 #8149

Is anyone else having trouble accessing btct.co?

Been down for 2 hours or so.

Trying to get people to panic sell, don't give in.
How do you panic sell, when the site is down?

As in, "Oh shit, I can no longer access my assets and funds. As soon as the site is back up, time to cash out"
Sk1llS
Member
**
Offline Offline

Activity: 87
Merit: 10


View Profile
June 22, 2013, 04:29:05 PM
 #8150

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!
tkone
Full Member
***
Offline Offline

Activity: 168
Merit: 100


View Profile
June 22, 2013, 04:38:14 PM
 #8151

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

share price generally rises slowly, and plus you get dividends every week from mining profits and also hw sales profits from AM,

so in 1 year you would get dividends worth how much you would pay for a share, but in that one year you still have your share, so you can always sell it for its risen price for even more profit,

hope i explained it better,

ofcourse just speculating here

Birdy
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250



View Profile
June 22, 2013, 04:43:11 PM
 #8152

It's a share of a company. Depending on how good they do the value of the shares may change over time and it's possible that they hit 0.5 or 5.0 Btc.
The dividends can also vary a lot, so a certain risk is still there.
But there is less pressure to break-even in comparison to those Mining-bonds, because it's unlikely that the share will be worthless soon.
ning
Full Member
***
Offline Offline

Activity: 173
Merit: 100



View Profile
June 22, 2013, 04:43:44 PM
 #8153

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

If your "break even" means double your assets (in forms of BTC and AM shares), then yes, it will probably take a year and a half at the current pace. The BTC0.03-ish is the current weekly dividend, not the share price. The weekly dividend is bounded by BTC0.1.
Sk1llS
Member
**
Offline Offline

Activity: 87
Merit: 10


View Profile
June 22, 2013, 04:52:27 PM
 #8154

Sorry that was a typo. It was meant to read "if the dividend remains at ~BTC0.03? Or is it possible the dividend will hit BTC0.5?"

But I've got the answers I was looking for. Thanks everyone Smiley
helixone
Full Member
***
Offline Offline

Activity: 131
Merit: 100


View Profile
June 22, 2013, 04:58:46 PM
Last edit: June 22, 2013, 05:29:35 PM by helixone
 #8155

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

Well, you are forgetting that your share entitles you to dividends in perpetuity. These dividends are based on mining output of a growing mining operation, and hardware sales. Assuming that AM can keep expanding their mining farm, and keep up with the growing network, and that they remain competitive in releasing new mining HW for sale (and use themselves), then the share price will largely remain firm, and likely rise. As long as the price + all dividends you have received is higher than the price you paid, you are at break even, or profitable.

If they can not keep up, then we don't know where the share price will end up. (on the downside). It does however get ugly fast and 0.5 could be quite possible. I do not consider this a likely scenario however, because Friedcat has exceeded almost all overall expectations of investors to date.

According to my most favorable long term valuation estimations, a share price of 5.75btc has about a 25% chance of happening.

For this to happen two things would have to occur.

1) ASICMINER can keep paying on average at least 0.015 btc dividends per week. To do this they would need to maintain about 15% of the network over the long term. If they drop below 15% they could make up for it in increased HW sales. This rate is lower than their current average income generation, so I am arbitrarily putting a 50% probability on them being able to do this.

2) People would have to accept lower annual yields. I am estimating ~13% as a reasonable APY for a consistently delivering BTC stock, that has strong management and a long term consistent track record. (As time goes on and Asicminer delivers consistently on point #1, I expect the trust the community places in them will continue to grow. I give this a 50% probability as well.

Of course only time will tell if Asicminer can deliver, and if they do whether the market recognizes them as a BTC "Blue Chip" and adjusts it's valuation and expectations accordingly.

I would have posted this in speculation, however, I think since a) the question wasn't in speculation and b) it's more of an "investment/valuation" question, I feel it's ok to respond in this thread.

Two things my simplistic model does not take into account are revenue from transactions, and block award dropping, as we have no way to know if these won't just cancel each other out.


EDIT: Adding some other really rough and ballpark scenarios:
25% - AM is overcome by the competition and downward price spiral begins: Price could fall very far.
40% - AM struggles a bit but largely stays competitive but doesn't maintain clear leadership: price probably remains in the 2-3.5btc range
10% - AM does what I said above and market doesn't give them a strong valuation: 3.5-5.5btc range.
25% - AM does what I said above and market recognizes them as leader: price could go as high as 5.75btc

-helixone
blackreplica
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile WWW
June 22, 2013, 05:02:33 PM
 #8156

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

Edit: the post above gives you a better answer. But be careful, you seem a little too positive, there are big risks here and you should be aware of them.

www.sgBitcoin.net - The Premier News, Discussion & Marketplace Destination for the Singaporean Bitcoin Community
g83
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


Super Smash Bros. Ultimate Available Now!


View Profile WWW
June 22, 2013, 05:08:13 PM
 #8157

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

Tell me any investment you get 1% intrest per week ! Why has a share to break even? You can sell it anytime and maybe even higher that 2.5 or 3.x
empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
June 22, 2013, 05:13:54 PM
 #8158

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

I think your maths is right but when you say "break even", you are just including the dividends.

Many "real" companies don't pay dividends, and for those that do, you would never get your money back in a year and a half. More like twenty or thirty years in most cases.

As for the share price, who knows? Nobody knew at the IPO shares (0.1 BTC) would hit 3 BTC. Nobody knows today what the price will be in 6 weeks, let alone 6 months or a year.

That's why its best not to sink your life savings into this, or any other kind of "investment" come to think of it  Cool
SOSLOVE868
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
June 22, 2013, 05:16:44 PM
 #8159

Could someone please explain something simple to me....I don't get the share/dividend pricing.

Please correct where I'm wrong:
I pay BTC2.5 or BTC3 a share and I will get BTC0.03 in dividends week?
If so if my math is correct it will take me a year and a half to break even if the share price remains at ~BTC0.03? Or is it possible the share price will hit BTC0.5?

Is this a long term investment plan and am I being too short sighted?

Thanks!

Tell me any investment you get 1% intrest per week ! Why has a share to break even? You can sell it anytime and maybe even higher that 2.5 or 3.x
+1
There are two things will affect the share price ,First is assets capability to generate dividend, second things is share value adjusting with competitors.
If there are not other assets operating likes AM which is mining and sale hardware and trading in public exchange ,then the second assumption is invalid.

So ,the share price is only related to the assets capability to generate dividend, As long as AM still pays highest dividend compare with all other assets. I would see that price will continue but slowly go upward ,then stoped util AM pays slightly higher dividend than other assets.(at that time we will see that those 1/100 shares will have higher price than the PT, because price of P-T shares prevent some small investors to buying it and equal to entry barrier.)


philipma1957
Legendary
*
Online Online

Activity: 3584
Merit: 4984



View Profile
June 22, 2013, 05:42:05 PM
 #8160

remember that all the last few posts are not considering the BTC world as a whole. Here in the USA selling your BTC to get cash has been restricted this restriction could force BTC "underground".  This idea of the value of a BTC stands apart from the risks of AM.  Simple example all above ground purchases and sales of BTC get banned.         
    This drives price down to 50 USD per btc   so your AM selling at 4 BTC a share or 3 BTC a share lost value  if you want to convert it to USD.  Or any country for that matter if they restrict BTC.

3) Never invest more than you can afford to lose
2)Not your keys not your coins.
1) be like JJG just DCA
Pages: « 1 ... 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 [408] 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 ... 1348 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!