Bitcoin Forum
March 28, 2024, 12:38:08 PM *
News: Latest Bitcoin Core release: 26.0 [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.

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916266 times)
Jutarul
Donator
Legendary
*
Offline Offline

Activity: 994
Merit: 1000



View Profile
March 27, 2013, 03:33:27 AM
 #2621

friedcat may want to clearly make a statement on how he wants to implement this (200k:165k or 200k:200k with delayed dividend), before he prepares the next dividend payments and signs off the financial statements.
If this is in fact the position of the company, awesome.  It is good to finally have clarification on that point.
Obviously I can't speak for the founders, since I am only an investor myself. Furthermore the original contract is a bit fuzzy on that point, to say the least. But merging unsold shares with the ownership of the founders after the fact would be rather unconventional. Usually any fund raising or IPO is undertaken by third parties (e.g. underwriters), which also commit to eating the stock if the offering is undersubscribed. Now one could argue that the IPO was not undersubscribed but closed early (due to meeting the USD target, not the bitcoin target), which changes the dynamic. It's a legal mess, but given that the company was heavily undervalued in hindsight should ease the pain.

Nevertheless, bitfountain has to decide how they want to handle the issue. Putting the unsold shares on neutral ground (i.e. make it retained earnings dividend) would be the diplomatic solution.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
1711629488
Hero Member
*
Offline Offline

Posts: 1711629488

View Profile Personal Message (Offline)

Ignore
1711629488
Reply with quote  #2

1711629488
Report to moderator
1711629488
Hero Member
*
Offline Offline

Posts: 1711629488

View Profile Personal Message (Offline)

Ignore
1711629488
Reply with quote  #2

1711629488
Report to moderator
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711629488
Hero Member
*
Offline Offline

Posts: 1711629488

View Profile Personal Message (Offline)

Ignore
1711629488
Reply with quote  #2

1711629488
Report to moderator
toffoo
Sr. Member
****
Offline Offline

Activity: 408
Merit: 261



View Profile
March 27, 2013, 03:49:06 AM
 #2622

Nevertheless, bitfountain has to decide how they want to handle the issue.

Here's some background reading on this topic that may be helpful:

http://en.wikipedia.org/wiki/Treasury_stock

because the same sort of thing happens to real-world companies.

alpet
Legendary
*
Offline Offline

Activity: 1912
Merit: 1020


View Profile WWW
March 27, 2013, 04:24:37 AM
 #2623

How I see price of share floating around $56.

Novacoin we trust!
https://svcpool.io - PoS cтeйкинг и oбмeнник NVC/BTC.
🏰 TradeFortress 🏰
Bitcoin Veteran
VIP
Legendary
*
Offline Offline

Activity: 1302
Merit: 1042

👻


View Profile
March 27, 2013, 04:32:34 AM
 #2624

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.
Rodyland
Hero Member
*****
Offline Offline

Activity: 499
Merit: 500


View Profile
March 27, 2013, 04:58:21 AM
 #2625

I should have posted this here earlier.

https://bitcointalk.org/index.php?topic=159194.0

As someone who's interested in ASICMINER, can someone in here help by answering some questions please?

Beware the weak hands!
1NcL6Mjm4qeiYYi2rpoCtQopPrH4PyKfUC
GPG ID: E3AA41E3
scrybe
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250



View Profile
March 27, 2013, 01:13:39 PM
 #2626

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.

RMB/Yuan, not USD

I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.)

"...as simple as possible, but no simpler" -AE
BTC/TRC/FRC: 1ScrybeSNcjqgpPeYNgvdxANArqoC6i5u Ripple:rf9gutfmGB8CH39W2PCeRbLWMKRauYyVfx LTC:LadmiD6tXq7gFZvMibhFUZegUHKXgbu1Gb
talnted
Full Member
***
Offline Offline

Activity: 236
Merit: 100


www.bitcoingem.com


View Profile WWW
March 27, 2013, 01:52:31 PM
 #2627

How I see price of share floating around $56.
The price of the shares shouldn't really be impacted by BTCUSD. While there are operational costs in USD, they are pretty negligible right now. ASICMINER mines bitcoins, not USD.

RMB/Yuan, not USD

I agree it still should not matter for the most part, but it will impact ongoing expenses and capital costs at least in a minor way (and it SHOULD be in OUR favor, since the fiat is on the expense side, not the income side.)

Thats exactly right.

The Original and Most Popular Gem Game: www.bitcoingem.com
Over 800+ BTC Paid Out!  1110+ Buyers of the Gem!
Franktank
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
March 27, 2013, 03:41:43 PM
 #2628

Confirmation Satoshis! First week of normal divys!
ghostshirt
Full Member
***
Offline Offline

Activity: 216
Merit: 100



View Profile
March 27, 2013, 03:42:01 PM
 #2629

Another round of dividends?

ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
March 27, 2013, 03:42:30 PM
 #2630

Another round of dividends?

Every Wednesday.
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1288
Merit: 1225


Away on an extended break


View Profile
March 27, 2013, 03:47:47 PM
 #2631

Got my satoshis in. How much do you guys expect to be paid out per share this round?
talnted
Full Member
***
Offline Offline

Activity: 236
Merit: 100


www.bitcoingem.com


View Profile WWW
March 27, 2013, 03:48:38 PM
 #2632

Got my satoshis as well, im curious to see what this dividend is

The Original and Most Popular Gem Game: www.bitcoingem.com
Over 800+ BTC Paid Out!  1110+ Buyers of the Gem!
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
March 27, 2013, 03:49:19 PM
 #2633

Got my satoshis as well, im curious to see what this dividend is

My bet is .0095
Tachikoma
Hero Member
*****
Offline Offline

Activity: 938
Merit: 1000



View Profile WWW
March 27, 2013, 03:49:54 PM
 #2634

Well the dividend should be halved and halved again since we already got dividend on sunday. So less then normal.

Electrum: the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported
Glasswalker
Sr. Member
****
Offline Offline

Activity: 407
Merit: 250



View Profile WWW
March 27, 2013, 03:51:28 PM
 #2635

This one will likely be smaller than usual because of the partial payout at double rate earlier this week to finish payout of "initial investment" for IPO.

But I'd expect about 0.013 to 0.015BTC for next weeks, maybe more depending on how much of the 6THash they have up and running by then (friedcat's last update said 50THash by end of April, beginning mid-april, and leading up to that getting the other 6THash online)

This weeks will likely be half that maybe? but we'll see Smiley

I'll throw my guess at 0.007 BTC approx.

BattleDrome: Blockchain based Gladiator Combat for fun and profit!
http://www.battledrome.io/
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1288
Merit: 1225


Away on an extended break


View Profile
March 27, 2013, 03:53:02 PM
 #2636

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue
DeaDTerra
Donator
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000



View Profile
March 27, 2013, 03:54:05 PM
 #2637

I got a dividend of 0.003775 BTC per share Smiley
//DeaDTerra
ThickAsThieves
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
March 27, 2013, 03:54:26 PM
 #2638

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue

That's sad considering you were doing escrow for so many cheaper shares weeks ago Sad
ghostshirt
Full Member
***
Offline Offline

Activity: 216
Merit: 100



View Profile
March 27, 2013, 03:54:41 PM
 #2639

I've just received 0.003775 per share.

John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1288
Merit: 1225


Away on an extended break


View Profile
March 27, 2013, 03:55:41 PM
 #2640

Hopefully something substantial comes my way - it's my first ever divs after all.  Tongue

That's sad considering you were doing escrow for so many cheaper shares weeks ago Sad
Tongue I did escrow for AM shares since the sub 0.3 prices if I remember correctly. Didn't have the time to read over and invest that time...
Pages: « 1 ... 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 [132] 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 ... 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!