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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888287 times)
arklan
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April 07, 2013, 02:03:55 AM
 #2901

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.
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April 07, 2013, 02:18:05 AM
 #2902

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him BTC1.91714900, which at current exchange rate would be approximately $275 USD. Like I said, very reasonable return. I just feel like it would be best if he did this math on his own and learned about the company so he can make an informed decision of his own.

arklan
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April 07, 2013, 03:28:52 AM
 #2903

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him BTC1.91714900, which at current exchange rate would be approximately $275 USD. Like I said, very reasonable return. I just feel like it would be best if he did this math on his own and learned about the company so he can make an informed decision of his own.

*blink blink* clearly, i fail at math.
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April 07, 2013, 04:14:01 AM
 #2904

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him BTC1.91714900, which at current exchange rate would be approximately $275 USD. Like I said, very reasonable return. I just feel like it would be best if he did this math on his own and learned about the company so he can make an informed decision of his own.

*blink blink* clearly, i fail at math.

Lol, it's okay, we all have those days Smiley.

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April 07, 2013, 04:38:12 AM
 #2905

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him BTC1.91714900, which at current exchange rate would be approximately $275 USD. Like I said, very reasonable return. I just feel like it would be best if he did this math on his own and learned about the company so he can make an informed decision of his own.

*blink blink* clearly, i fail at math.


I prefer your math... I think everyone should sell ASICMINER shares cheap now!!

On an unrelated note, anyone who wants to sell ASICMINER shares below exchange prices, please PM me.   Grin
arklan
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April 07, 2013, 06:02:10 AM
 #2906

What sort of return would BTC75 worth of asicminer shares get someone if they invested today?

I'd say it would probably be a very reasonable return. I encourage you to thoroughly research the asset and do the math for yourself though. Don't blindly trust random people online  Tongue.

if you strictly want the math of BTC75 worth of shares x dividend - i think shares are selling at .7, lets call it .75 in case i'm wrong. so your looking at 56 shares, give or take. the last (admittedly small for reasons described in this thread) dividend was 0.00255553. so, 56 x 0.00255553 = BTC0.14310968 weekly. at current exchange rates, that's about $20 USD.

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him BTC1.91714900, which at current exchange rate would be approximately $275 USD. Like I said, very reasonable return. I just feel like it would be best if he did this math on his own and learned about the company so he can make an informed decision of his own.

*blink blink* clearly, i fail at math.


I prefer your math... I think everyone should sell ASICMINER shares cheap now!!

On an unrelated note, anyone who wants to sell ASICMINER shares below exchange prices, please PM me.   Grin

says you! i only have ONE! yes, ONE share. shut up. Sad
JimiQ84
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April 07, 2013, 01:31:30 PM
 #2907

Dropped down to 6 TH/s on btcguild after getting at least as high as 7.1, let's hope that hash power has moved to another pool.

Now it's at 7,19. Another rise probably. Let's hope it stops at 12 :-)
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April 07, 2013, 02:15:24 PM
 #2908

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.

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April 07, 2013, 02:23:33 PM
 #2909

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.
ASICMINER needs to show everyone how much they're hashing, for different purposes. The easiest way to do that, is to mine on the pool.

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April 07, 2013, 03:48:56 PM
Last edit: April 07, 2013, 04:51:09 PM by Hawkix
 #2910

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.
ASICMINER needs to show everyone how much they're hashing, for different purposes. The easiest way to do that, is to mine on the pool.

They can put its signature into block they create, like many pools do. Then, blockchain.info or any other service will show up "ASICMINER" blocks, even in the graphs. Simple and easy. Plus, all investors can get about 3-5 % more for not paying the pool fees.

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SebastianJu
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April 07, 2013, 03:54:00 PM
 #2911

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.
ASICMINER needs to show everyone how much they're hashing, for different purposes. The easiest way to do that, is to mine on the pool.

The can put its signature into block they create, like many pools do. Then, blockchain.info or any other service will show up "ASICMINER" blocks, even in the graphs. Simple and easy. Plus, all investors can get about 3-5 % for not paying the pool fees.

I think thats a possibility. When it comes to advertising asicminer would be better off to mine at different pool and ensure to have the first place everywhere. This way a maximum of miners could be targetted and pulled to a upcoming auction. Free advertising. The rest could be mined solo.
While im not sure if pools doesnt have advantages like including Namecoins and so on.

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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April 07, 2013, 05:55:05 PM
 #2912

How are the 50TH going to be distributed?

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April 07, 2013, 08:59:47 PM
 #2913

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.
ASICMINER needs to show everyone how much they're hashing, for different purposes. The easiest way to do that, is to mine on the pool.

They can put its signature into block they create, like many pools do. Then, blockchain.info or any other service will show up "ASICMINER" blocks, even in the graphs. Simple and easy. Plus, all investors can get about 3-5 % more for not paying the pool fees.

Sounds good. Is it really that simple?
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April 07, 2013, 11:07:29 PM
 #2914

I HOPE that ASICMINER will soon move out of BTCGuild! It should set up its own pool and go "solo". Its unhealthy for the network.
ASICMINER needs to show everyone how much they're hashing, for different purposes. The easiest way to do that, is to mine on the pool.

They can put its signature into block they create, like many pools do. Then, blockchain.info or any other service will show up "ASICMINER" blocks, even in the graphs. Simple and easy. Plus, all investors can get about 3-5 % more for not paying the pool fees.

Sounds good. Is it really that simple?

No. Solo mining carries more risk and variance. Some weeks we may get dividends that are much lower, some weeks much higher. The fact that ASICMINER's hashing power is very large right now negates this a bit, but it'll still happen.

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TradeFortress 🏕
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April 07, 2013, 11:31:28 PM
 #2915

When ASICMINER gets 50 TH up and ready through, solo mining looks like a better idea.
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April 08, 2013, 12:29:15 AM
 #2916

When ASICMINER gets 50 TH up and ready through, solo mining looks like a better idea.

I honestly would have thought that, with 10% of the network hash power behind it, solo mining would have been a no-brainer compared to the cut the pools take.  Maybe it's not worth the hassle of effectively running our own pool. 

http://blockchain.info/pools

There are a significant number of pools with ~10% hash power.  And I couldn't agree more - with another 50TH behind us, it seems ludicrous to pool mine (unless the pool mining is spread across pools to explicitly avoid any one pool having a majority of hash power).

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April 08, 2013, 12:36:46 AM
 #2917

I just thought I would do some speculative math for what's been announced. Now, friedcat has announced some numbers of the incoming hashing power for the next few months. To determine the hash rate per share, I've enclosed the following table:

Note: Used 100 shares for easier math; Mh/s is [total hash rate/400k shares]


AM Hashing (Mh/s)     Mh/s Per Share     Total Mh/s
6,000,000                            15                    1,500
12,000,000                          30                    3,000
50,000,000                         125                  12,500
62,000,000                         155                  15,500
200,000,000                       500                  50,000
262,000,000                       655                  65,500

The last row is the row I would like to bring attention to. friedcat has mentioned the last 200 Th/s would take 2-3 months to deploy, putting that in the same range of early-mid BFL range and Avalon batch 3. Owning 100 shares will be the equivalent of Avalon Batch 3 or a BFL Single SC at full deployment. Even at a difficulty of 100 million, that will still equate to ~2.5 BTC/wk (for 100 shares). There are plenty of things that have not been accounted for, but the question is: Which of the three will get their product out of the door first? ASICMiner, Avalon, or BFL?

Feel free to correct my numbers if you think I'm incorrect about my calculations.

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April 08, 2013, 12:56:55 AM
Last edit: April 08, 2013, 01:16:26 AM by mrb
 #2918

I think you need to look at your math again. If he buys BTC75 worth of shares at BTC0.75, that would give him 100 shares exactly. Using the last dividend, that would net him BTC0.25555300. Which, as you pointed out was small. Using the lowest dividend from a week without lots of expenses (March 7th) of BTC0.01917149, would have earned him...

Counting on future dividends of 0.01917149 is an unrealistic estimation. This amount was paid back when friedcat was trying to return all the money (or, as much as possible) to the IPO investors. Since then, friedcat has reduced dividends significantly. As others have estimated, dividends are expected to be around 0.006-0.007 (assuming no large expenses) given that AM has about 10% of the total hash rate.
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April 08, 2013, 01:11:07 AM
 #2919

Yes Franktank, except that the start was promised to be 12 TH, but only half is mining (publicly?) for months now.
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April 08, 2013, 01:15:21 AM
 #2920

Maybe they are more clever then i think...

But why in the heck would they not negotiate a deal with btcguild to get lower fees? 1% lets say.
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