StevenPine
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 Offline
Activity: 44
Merit: 0
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April 17, 2013, 04:57:57 AM |
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By your logic, ASICMINER is worth around 10% of total BTC.
If ASICMINER or anyone else gets over 50% of the network hashpower, then the BTC price will crash even if the controlling party doesn't do anything nefarious.
well if the stock is trading at 1btc 400,000 shares is 400,000 btc which is ~4% of total btc. |
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Minor Miner
Legendary
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Activity: 2282
Merit: 1012
Be A Digital Miner
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April 17, 2013, 04:58:56 AM |
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What if ASICMINER goes through a Bitcoin-style bubble and hits 10 BTC each?  *fervently knocks on wood* One consideration is how important their underwriting of network security is... so if they end up with ~1/3 of the total hash would it be reasonable to say the company is worth 1/3 of total btc, or perhaps you could say network security is half of all btc value, so controling 1/3 of total hash is worth 1/6 of total btc. Just some idle thoughts. interesting. control that much of "future mining of bitcoin" not ALL BITCOIN. and the would be "control XX% of future bitcoin mining AS OF THIS POINT IN TIME". or in your assumption. yes the whole world would stand idly by if you could control a billion dollars with a 2 million investment......... |
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🏰 TradeFortress 🏰
Bitcoin Veteran
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Activity: 1316
Merit: 1043
👻
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April 17, 2013, 05:02:26 AM |
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By your logic, ASICMINER is worth around 10% of total BTC.
If ASICMINER or anyone else gets over 50% of the network hashpower, then the BTC price will crash even if the controlling party doesn't do anything nefarious.
well if the stock is trading at 1btc 400,000 shares is 400,000 btc which is ~4% of total btc. Not all 400,000 shares are/will float, and it's trading at 0.85 on BitFunder. |
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iCEBREAKER
Legendary
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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April 17, 2013, 05:12:52 AM |
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Ask: 1.64 on BTCT   WTF, the ask is only half that on BitFunder??? |
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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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🏰 TradeFortress 🏰
Bitcoin Veteran
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Legendary
Offline
Activity: 1316
Merit: 1043
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April 17, 2013, 05:25:18 AM |
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Ask: 1.64 on BTCT WTF, the ask is only half that on BitFunder??? Less supply on btct.co. Arbitrage isn't easy as transfers are manual |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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April 17, 2013, 05:32:33 AM |
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Currently going for 33 BTC each. I think there might be a few snipers, so final price might be more around the 40 BTC range.
hmm good call, although that one isn't as ideal for my purposes as the other, since the limit to transfer shares is more than I'd risk having on any exchange. With BTC-TC I transfer the shares every time I pick up another 50. At that price though, I can't resit. I'm digging out my weexchange password as we speak.  |
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ar9
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April 17, 2013, 06:06:05 AM |
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I really think the final price will be around 45-55 BTC per unit.
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🏰 TradeFortress 🏰
Bitcoin Veteran
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Legendary
Offline
Activity: 1316
Merit: 1043
👻
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April 17, 2013, 06:10:31 AM |
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Highest: 60 BTC
Lowest: 42 BTC
Still more than a day to go.. Now more like 70 BTC.
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ar9
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April 17, 2013, 06:15:54 AM |
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Yeah, that's what I'm thinking. At 70 BTC... it makes more sense to buy 70 shares of ASiCMINER!  |
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dan9575
Newbie
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Activity: 34
Merit: 0
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April 17, 2013, 06:18:32 AM |
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By the time my Weexchange account gets funded, the price will be the same as btc-tc. I'm not even gonna bother.
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JaredR26
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April 17, 2013, 06:29:13 AM |
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By the time my Weexchange account gets funded, the price will be the same as btc-tc. I'm not even gonna bother.
Not that I like weexchange, but I was able to fund it and buy within 1.5 hours. |
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Fabrizio89
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April 17, 2013, 06:30:35 AM |
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By the time my Weexchange account gets funded, the price will be the same as btc-tc. I'm not even gonna bother.
Look at how many shares are for sell on BitFunder. Anyway, as mining become more and more difficult, it could go higher in the next weeks. |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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April 17, 2013, 06:49:21 AM |
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By the time my Weexchange account gets funded, the price will be the same as btc-tc. I'm not even gonna bother.
haha, luckily I just have to wait for BTC confirmations. Fiat is fo suckas!!! lol |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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April 17, 2013, 06:50:44 AM |
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...not that these aren't seemingly the longest confirmations I've seen since I was waiting to move coins for my Avalon order. |
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237
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April 17, 2013, 07:12:41 AM |
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This is crazy.
10GH/s for 60BTC?
Just a thought: 50,000 GH/s of chips at 10GH/s per blade = 5,000 blades.
5,000 blades at 60 BTC = 300,000 BTC
---> .75 BTC per share from selling this batch, minus some costs of course. Meanwhile the
next batch gets produced and the old ones are hashing away for AM. Do i have a big mistake
in my calculation, or are the shares undervalued even at 1.2 BTC/share?
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Donatioins always welcome LTC: LL2UDTbQNx9UiP37ZzJ4CLQDWm6JPgZG8t |
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JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
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April 17, 2013, 07:14:39 AM |
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Wow there is a 600+ share sell wall @ 0.9 BTC on Bitfunder. Someone is cashing out two weeks too soon. Looks like I'm up for the night digging out cold wallets and waiting for confirmations. |
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usagi
VIP
Hero Member
Offline
Activity: 812
Merit: 1000
13
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April 17, 2013, 07:15:11 AM |
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This is crazy.
10GH/s for 60BTC?
Just a thought: 50,000 GH/s of chips at 10GH/s per blade = 5,000 blades.
5,000 blades at 60 BTC = 300,000 BTC
---> .75 BTC per share from selling this batch, minus some costs of course. Meanwhile the
next batch gets produced and the old ones are hashing away for AM. Do i have a big mistake
in my calculation, or are the shares undervalued even at 1.2 BTC/share?
my own calculations indicate a conservative minimum price of 2.7 btc/share |
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Fabrizio89
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April 17, 2013, 07:18:30 AM |
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Will I get dividends on the shares I bought today?  |
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JimiQ84
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April 17, 2013, 07:22:25 AM |
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Will I get dividends on the shares I bought today? Yes |
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VeeMiner
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April 17, 2013, 07:53:42 AM |
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This is crazy.
10GH/s for 60BTC?
Just a thought: 50,000 GH/s of chips at 10GH/s per blade = 5,000 blades.
5,000 blades at 60 BTC = 300,000 BTC
---> .75 BTC per share from selling this batch, minus some costs of course. Meanwhile the
next batch gets produced and the old ones are hashing away for AM. Do i have a big mistake
in my calculation, or are the shares undervalued even at 1.2 BTC/share?
I think that the 60 BTC per device is too much, the first adopters pay the most of course. I think the realistic price is around 20-30 BTC per device, you have to count the difficulty rising in the future... but of course the company is up to a great start and the shares will definitely be valued around 1 BTC... |
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