ASICMINER: Entering the Future of ASIC Mining by Inventing It

[freedomno1]

Aren't half of the shares kept by friedcat itself?

Yep, got it

And so every week, the man takes home a (50% of that figure above ) * (1 - 2%) dividend of that .

Every week.

OMG.

Wait to claim 50% need to sell so just the dividend still Damn GZ taking a risk can pay off big

[1713536365]

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[Franktank]

2 BTC/share and still rising!! Must repost!

Congratz to Bitfountain, friedcat & co! Well deserved!

[John (John K.)]

Why is the price of a share on Havelock 0.2 BTC when on other sites it's 2 BTC ? 

 

Each 1 share of ASICM represents 1/100th of a share of ASICMINER maintained and verified by either Friedcat or any officially designated exchange, and has rights to 1/100th of the dividends of a whole ASICMINER share.

[arklan]

Why is the price of a share on Havelock 0.2 BTC when on other sites it's 2 BTC ?  

i believe havelock sell's thickastheives microshare pt, which is 1/100 of a full share. also, isn't it .02?

edit: dammit john!

[freedomno1]

Nice one john 
You'll get it next time arklan

[John (John K.)]

On a side note, I'm auctioning off 50 of my shares here for liquidity issues  : https://bitcointalk.org/index.php?topic=209131.0

[lophie]

How much has Bitfountain already invested, to give it right to 50% of shares?

Time, Technology, Workforce, Management and (some money). Please refer to IPO since it is the official contract any company would have with its investors.

EDIT: Did you just delete that or I just hallucinated it?

[SmiGueL]

How much has Bitfountain already invested, to give it right to 50% of shares?

Time, Technology, Workforce, Management and (some money). Please refer to IPO since it is the official contract any company would have with its investors.

EDIT: Did you just delete that or I just hallucinated it?

You replied on a post from 2012  

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[romerun]

2 BTC/share and still rising!! Must repost!

Congratz to Bitfountain, friedcat & co! Well deserved!

lol +cointip Franktank 10uPPC

[Franktank]

lol +cointip Franktank 10uPPC

Thanks but I didn't make the image; that was done by someone else earlier in the week. It felt appropriate to repost it, regarding the current state of ASICMiner.

[stripykitteh]

lol +cointip Franktank 10uPPC

Thanks but I didn't make the image; that was done by someone else earlier in the week. It felt appropriate to repost it, regarding the current state of ASICMiner.

It was made by SmiGueL. He likes tips as well.

[velacreations]

any plans for deployment this week?  the hash rate is a bit lower than the peak, I expected it to continue to grow.

[237]

any plans for deployment this week?  the hash rate is a bit lower than the peak, I expected it to continue to grow.

Perhaps you want to sell me your shares then? :p

[velacreations]

any plans for deployment this week?  the hash rate is a bit lower than the peak, I expected it to continue to grow.

Perhaps you want to sell me your shares then? :p

not a chance! 

But, I am curious as to the deployment plan, as the last discussion about this indicated that we would deploy some every week.

[dnaleor]

Any news on the Satoshi Sticks? I want one!
(and, depending on the price and the shipping cost, i want more, so I can sell them to my friends)

[dmcdad]

The maximum share price possible would be approximately 20,999,950 (maximum number of bitcoins that could ever exist anywhere - the unspendable 50 coins generated in the genesis block by Satoshi) / 400,000 (outstanding shares of ASICMINER).

Not considering bitcoin that was or is lost or detroyed, the max it could ever be per share would be 52.499875 BTC.

So we have a ways to go. 

You're forgetting the transaction fees, which are essentially infinite if we just have enough transactions, so thus the maximum price would be (infinite-50)/400K.

In addition to infinite dividends on transaction fees, we also in theory have potential for infinite dividends on miner hardware sales. For example, say AM decided to 100% convert to a miner dev/sales company and not mine at all themselves. Furthermore, presume everyone was willing to spend all of their BTC on purchasing mining equipment and AM was able to meet the demand with the hardware. The result would be *all* BTC -> AM -> Dividends to AM owners (minus expenses).

Next assume AM owners cash out their BTC dividend bounty to fiat and the new BTC owners also want to spend all of their freshly purchased BTC buying mining hardware. Rinse and repeat. Infinite dividends, at least until all fiat and other assets are converted to BTC.

I have a bridge to sell as well for just 999 BTC.

-dmc

[stripykitteh]

any plans for deployment this week?  the hash rate is a bit lower than the peak, I expected it to continue to grow.

Perhaps you want to sell me your shares then? :p

not a chance! 

But, I am curious as to the deployment plan, as the last discussion about this indicated that we would deploy some every week.

My guess is that AM are seeing how hardware sales go before deciding about adding more hash rate. I have no idea how many blades AM have sold (I would love to know as I know how many mBTC I get for each sale ) but I have been keeping an eye on the views for this page:

https://bitcointalk.org/index.php?topic=204030.100

8435 views in 5 days. If only AM could borrow BFL's slick website and ordering system...

[stripykitteh]

But transaction fees are paid out of existing BTC, right?  If BTC were created beyond 21,000,000 because of transaction fees then there could be an infinite amount of BTC.  I did not think it was possible to ever exceed 21,000,000.

No, the point is that the amount of transaction fees generated per unit of time is theoretically unlimited (though there are practical limits like blocksizes etc). So there's no theoretical limit on income. A universe that is bounded yet infinite. It takes a bit of getting used to, I admit!

EDIT: What I mean by theoretically unlimited, there can only be 21 million BTC in the system at any time, but in theory they could all be exchanged in a tiny fraction of a second, generating a lot of fees. So the potential income is unlimited.

[dmcdad]

The maximum share price possible would be approximately 20,999,950 (maximum number of bitcoins that could ever exist anywhere - the unspendable 50 coins generated in the genesis block by Satoshi) / 400,000 (outstanding shares of ASICMINER).

Not considering bitcoin that was or is lost or detroyed, the max it could ever be per share would be 52.499875 BTC.

So we have a ways to go.  

You're forgetting the transaction fees, which are essentially infinite if we just have enough transactions, so thus the maximum price would be (infinite-50)/400K.

In addition to infinite dividends on transaction fees, we also in theory have potential for infinite dividends on miner hardware sales. For example, say AM decided to 100% convert to a miner dev/sales company and not mine at all themselves. Furthermore, presume everyone was willing to spend all of their BTC on purchasing mining equipment and AM was able to meet the demand with the hardware. The result would be *all* BTC -> AM -> Dividends to AM owners (minus expenses).

Next assume AM owners cash out their BTC dividend bounty to fiat and the new BTC owners also want to spend all of their freshly purchased BTC buying mining hardware. Rinse and repeat. Infinite dividends, at least until all fiat and other assets are converted to BTC.

I have a bridge to sell as well for just 999 BTC.

-dmc

But transaction fees are paid out of existing BTC, right?  If BTC were created beyond 21,000,000 because of transaction fees then there could be an infinite amount of BTC.  I did not think it was possible to ever exceed 21,000,000.

Transaction fees are paid out of existing BTC, but I'm referring to dividends from selling mining rigs.

Regardless, there is an upper limit on how much BTC can be paid out in dividends (the total amount of BTC that currently exists) but my point is that amount resets itself every week after dividends are paid out because the BTC is then back in circulation and might end up flowing back to AM (as mining rig sales). So the theoretical limit to the amount of BTC AM can pay out in dividends is the total amount of BTC that exists, but it resets itself every week. So there is only a weekly limit, which friedcat could get around by paying dividends more frequently. How about every 10 minutes?

[TheSwede75]

100% believer in ASICMINER, but stepping out at BTC2 for a while now. It's gone too fast from BTC1.30-BTC2 and I think we will see at least BTC1.50 again shortly. I am going to be sad if I miss the dividend on the 21st though..