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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3888064 times)
Franktank
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April 08, 2013, 01:22:39 AM
Last edit: April 08, 2013, 02:23:02 AM by Franktank
 #2921

Yes Franktank, except that the start was promised to be 12 TH, but only half is mining (publicly?) for months now.

True but friedcat did mention the "vacuum of deployment" and things were in process for the data center. I was just calculating the numbers mentioned. Note that this is only gross income from mining; it doesn't not account for hardware sales, electricity cost, potential downtime, wiring issues, etc. Giving everyone an idea of potential share value and how it may compare with the rest of the incoming mining landscape
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April 08, 2013, 06:33:37 AM
 #2922

At present time (current diff and hash power) how many bitcoin does 1 share equate to weekly and how often are payouts delivered?

thanks!
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April 08, 2013, 06:43:34 AM
 #2923

At present time (current diff and hash power) how many bitcoin does 1 share equate to weekly and how often are payouts delivered?

thanks!

something around 5 - 7 mBTC per share per week (depending on costs - electricity and so on). Dividends are payed weekly.
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April 08, 2013, 09:02:21 AM
 #2924

That's at the current rates. You should look at future expansion too.
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April 08, 2013, 10:16:49 AM
 #2925

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.

Why unrealistic? If they manage to solve the power and network problems they can bring online the other 6 TH and it would be 20% or so beyond the initial dividends then. Then there are the 50TH... i dont think its too unrealistic. Only because 240000 shares came to it now doesnt mean that this cant be compensated...

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April 08, 2013, 11:15:53 AM
 #2926

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.

Why unrealistic? If they manage to solve the power and network problems they can bring online the other 6 TH and it would be 20% or so beyond the initial dividends then. Then there are the 50TH... i dont think its too unrealistic. Only because 240000 shares came to it now doesnt mean that this cant be compensated...

we are at 7,1 TH/s, so only 4,9 TH/s remains Cheesy But it was promised to be deployed by the end of march and we are in second third of april :-(
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April 08, 2013, 12:27:04 PM
 #2927

Hi guys,

I've been out for a while, and was wondering how to manage my shares since GLBSE is out; I have around 100shares, and I've seen sites like BTC-TC and Bitfunder, that offer the possibility to manage them (asking first to friedcat)... Which one do you prefer? is there one better? regarding Security, fees, dividends, minimun shares or restrictions, etc...

Thanks  Wink
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April 08, 2013, 01:13:27 PM
 #2928

Hi guys,

I've been out for a while, and was wondering how to manage my shares since GLBSE is out; I have around 100shares, and I've seen sites like BTC-TC and Bitfunder, that offer the possibility to manage them (asking first to friedcat)... Which one do you prefer? is there one better? regarding Security, fees, dividends, minimun shares or restrictions, etc...

Thanks  Wink

This topic has been done to absolute death. While it's a pain to read through page after page of this thread to get to the meat of that subject there's so much valuable insight it's well worth the read. If however you're unwilling to devote the time to doing so then at least read this thread:

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

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April 08, 2013, 01:44:11 PM
 #2929

we are at 7,1 TH/s, so only 4,9 TH/s remains Cheesy But it was promised to be deployed by the end of march and we are in second third of april :-(

True, but it's still better that BFL's promises by an infinite order of magnitude Cheesy

I was thinking maybe it would be nice to have a separate topic to follow the dividends history, comments and maybe speculation about them. As valuable as it is, this thread is growing overly large IMHO. So what do you think?
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April 08, 2013, 02:39:41 PM
 #2930

Sounds legit man. If you build it they may come.

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April 08, 2013, 03:04:39 PM
 #2931

Please tell me - am I correct?

There are 400 000 shares of ASICMINER
each worth more than 0.7btc

400 000*0.7 = 280 000 BTC
BTC is at least 170 USD each

280 000 * 170 = 47 600 000 USD

2013 Ferrari is $379 800
http://cgi.ebay.com/ebaymotors/Ferrari-458-SPIDER-2013-FERRARI-458-SPIDER-1K-MILES-330K-MSRP-PLUS-/190820213175?pt=US_Cars_Trucks&hash=item2c6dc561b7

well...
ASICMINER is worth 47600000/379800 = 125 Ferrari cars...

is friedcat very rich? am I dreaming this?

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April 08, 2013, 03:08:16 PM
 #2932

Please tell me - am I correct?

There are 400 000 shares of ASICMINER
each worth more than 0.7btc

400 000*0.7 = 280 000 BTC
BTC is at least 170 USD each

280 000 * 170 = 47 600 000 USD

2013 Ferrari is $379 800
http://cgi.ebay.com/ebaymotors/Ferrari-458-SPIDER-2013-FERRARI-458-SPIDER-1K-MILES-330K-MSRP-PLUS-/190820213175?pt=US_Cars_Trucks&hash=item2c6dc561b7

well...
ASICMINER is worth 47600000/379800 = 125 Ferrari cars...

is friedcat very rich? am I dreaming this?

Well, at least 163,962 shares belong to other people. And from the remaining we can only speculate how many friedcat is holding himself since he has some partners.

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April 08, 2013, 03:15:41 PM
 #2933

Well, at least 163,962 shares belong to other people. And from the remaining we can only speculate how many friedcat is holding himself since he has some partners.

Well I know it's not only him... and the shareholders...
but still... 47 600 000 USD ? ? ?

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April 08, 2013, 03:21:58 PM
 #2934

Well, at least 163,962 shares belong to other people. And from the remaining we can only speculate how many friedcat is holding himself since he has some partners.

Well I know it's not only him... and the shareholders...
but still... 47 600 000 USD ? ? ?

Have you seen how many bitcoins ASICMINER mines in a day? How about a week or a month?

The valuation of the shares price also includes the public's expectation for the future plans for the company.

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April 08, 2013, 03:22:12 PM
 #2935

Well, at least 163,962 shares belong to other people. And from the remaining we can only speculate how many friedcat is holding himself since he has some partners.

Well I know it's not only him... and the shareholders...
but still... 47 600 000 USD ? ? ?
It's just related to the BTCUSD exchange rate. Nothing to do with ASICMINER.

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April 08, 2013, 03:23:46 PM
 #2936

Value of the company is currently ~ $60 Million USD... friedcat is rich now, yes. Well deserved I might add. He has also helped make a lot of others rich, too. Those who took the sizable risk of purchasing IPO shares have been rewarded nicely.
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April 08, 2013, 03:24:59 PM
 #2937

we are at 7,1 TH/s, so only 4,9 TH/s remains Cheesy But it was promised to be deployed by the end of march and we are in second third of april :-(

True, but it's still better that BFL's promises by an infinite order of magnitude Cheesy

I was thinking maybe it would be nice to have a separate topic to follow the dividends history, comments and maybe speculation about them. As valuable as it is, this thread is growing overly large IMHO. So what do you think?

I would like that, although as "investor" who holds 17 shares I hardly qualify for creating and mantaining thread like that. Will you do it, please?
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April 08, 2013, 03:27:33 PM
 #2938

Value of the company is currently ~ $60 Million USD... friedcat is rich now, yes. Well deserved I might add. He has also helped make a lot of others rich, too. Those who took the sizable risk of purchasing IPO shares have been rewarded nicely.

Market depth does not necessarily support that valuation.
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April 08, 2013, 03:28:41 PM
 #2939

Yes, good idea about separate topic

and just about the 47 mln usd...
in my country, Poland - food, houses and other things (like our currency, the PLN) are CHEAP
so here... if you have about 300 000 USD we will call you "a milioner" I guess

And BTW. Poland is a VERY safe country (Schengen Area). Come to Poland, Bitcoin millioners! I may pick you up at the airport! Smiley Cheesy

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April 08, 2013, 03:31:51 PM
 #2940

Quote
I would like that, although as "investor" who holds 17 shares I hardly qualify for creating and mantaining thread like that. Will you do it, please?

Well I would qualify even less as I only have 14 shares currently on btct.co ;-)

The dividends history is available on the trading site, the problem is that the news updates that are given by friedcat here must be sought in a massive amount of other user posts, so a "digest" thread would add to readability.
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