ASICMINER: Entering the Future of ASIC Mining by Inventing It

[VeeMiner]

9,020.00 GH/s on BTC Guild, just sayin...

anyway - 3500 BTC for a week of mining on 9 Thash/s, then around 2500 BTC from sale of devices, makes a nice 0.015 BTC dividend per share

friedcat will be the next Bill Gates / Steve Jobs...

[burnside]

In that case, you really need to compare to the average fee on BTCT too, which is 0.2%.

Looks like I made an error on the original calculation - 0.2% instead of 0.4% so good catch. Regardless, I'm of the buy and hold mindset right now and any way to avoid fees I'm all for. Now if either BitFunder or btct can implement a true DRIP with fractional share repurchases (obviously with friedcat's blessing) then I will be won over 100%.

Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.

.b

The motions have been posted.  I split them up so that each modification sinks/swims on it's own.

https://btct.co/security/ASICMINER-PT (motions tab)

Cheers.

[John (John K.)]

Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share. 

[furuknap]

Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.

.b

Sounds interesting, but would the 100-split PT be non-voting shares? I would be certainly for more liquidity and options for people who find the non-split price hefty. But still want that true fractional share DRIP. If this can be done with many blue chip companies, why not in the BTC world? (challenge thrown out)

It would work exactly like the existing PT; no voting, conversion on a 1:100 base only (ie 100 PT/100 can be converted to 1 regular AM), dividend pass-through, maybe with some kind of fee for the work involved.

Until we got colored coins, though, I think this is the way to go.

.b

[SmiGueL]

Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.  

Well, technically the INCREASE in divs is 0.00322625 BTC/share

_{(2042.5-752)/400000 = 0.00322625
Because the income of the auction last week then has to be substracted from this week's auction.}

Not that I'm complaining  

[msm595]

The motions have been posted.  I split them up so that each modification sinks/swims on it's own.

https://btct.co/security/ASICMINER-PT (motions tab)

Cheers.

I hate to bother you,but did you get my pm?

[Minor Miner]

Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.  

Well, technically the INCREASE in divs is 0.00322625  

_{(2042.5-752)/400000 = 0.00322625}

sorry for dumb question but what is the 752?

[talnted]

Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.  

Well, technically the INCREASE in divs is 0.00322625  

_{(2042.5-752)/400000 = 0.00322625}

sorry for dumb question but what is the 752?

He said it right under the equation:

(2042.5-752)/400000 = 0.00322625
because the income of the auction last week has then to be substracted from this week's auction.

[bitfair]

Auction of 50 Blades brought in approx. 2578 BTC. 

[furuknap]

Now, let's just sit back and watch the mid-week madness of "I want a piece of that dividend action" over on BTCT and BF.

.b

[DiabloD3]

Auction of 50 Blades brought in approx. 2578 BTC. 

Approximately 0.006445 per share, or 6.445 BTC per thousand shares.

[kibblesnbits]

Auction of 50 Blades brought in approx. 2578 BTC. 

Approximately 0.006445 per share, or 6.445 BTC per thousand shares.

Is that with the labor, materials, etc. factored in? 

[DiabloD3]

Auction of 50 Blades brought in approx. 2578 BTC. 

Approximately 0.006445 per share, or 6.445 BTC per thousand shares.

Is that with the labor, materials, etc. factored in? 

Its without S&H factored in, the rest was already paid for.

[batcoin]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

[bitfair]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

Then the auction will probably never end...

[ineededausername]

We might be heading for 10 GH/s today.

[louong]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

Then the auction will probably never end...

That's actually how some auctions are run, no? Would at least prevent the outcries of unfairness. If the delay was more manageable, say 5-10 minutes then I don't see why not.

[Minor Miner]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

Then the auction will probably never end...

That's actually how some auctions are run, no? Would at least prevent the outcries of unfairness. If the delay was more manageable, say 5-10 minutes then I don't see why not.

because no one wants to stay up forever until five minutes goes by with no bids?

[bitfair]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

Then the auction will probably never end...

That's actually how some auctions are run, no? Would at least prevent the outcries of unfairness. If the delay was more manageable, say 5-10 minutes then I don't see why not.

I have seen auctions that are run like that, and 5-10 minutes would probably let the auction finish faster than delaying one hour. But the value of mining equipment is very time-sensitive (the longer you have to wait until the auction ends, the less valuable they are and hence the less you should bid for them!), and a lot of care would need to be taken so the rules couldn't be gamed.

[Rodyland]

Just curious... What if this type of language was put in the next auctions?

The auction will end ****. Each valid bid will delay the end time by another hour.

Then the auction will probably never end...

That's actually how some auctions are run, no? Would at least prevent the outcries of unfairness. If the delay was more manageable, say 5-10 minutes then I don't see why not.

Agree it doesn't need to be an hour.  Anyone that keen to get on board at the cheapest price will be watching live - anyone who wants to bid and forget needs to just bid their maximum price and walk away.  Five minutes would be heaps, I think.