binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
|
|
June 13, 2013, 11:14:56 PM |
|
1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value.
With technological gaps comes value, that's why there is a consensus that it is so critical to jump quickly and properly on gen2. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.
+1
|
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 13, 2013, 11:18:37 PM |
|
Keep a few more things in mind:
1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value. 2. Friedcat tends to underpromise and overdeliver. 3. AM likely has other products and tricks up its sleeve. 4. No one else has demonstrated a guarantee of best-in-class mining equipment being delivered before October. Some may have goals, but only time will tell.
+1 + 2 And +9999 to point 2. (ITS OVER 9000 ) All other ASIC sellers promise too much and they're always late. AsicMiner do the opposite. Now I feel really bad for selling @ 2,5 btc Well there is always those currency fluctuation opportunities
|
Believing in Bitcoins and it's ability to change the world
|
|
|
ThickAsThieves
|
|
June 13, 2013, 11:21:04 PM |
|
1. The mining hardware leader doesn't need to compete on technology, it needs to compete on value.
With technological gaps comes value, that's why there is a consensus that it is so critical to jump quickly and properly on gen2. That is still a matter of value nonetheless. If Product A costs 200% more, but Product B is only 20% less efficient, which do you choose?
|
|
|
|
michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
|
June 13, 2013, 11:22:46 PM |
|
As I see it AM has three 'weaknesses' that they can't stop but can plan for;
1) China could decide to shut them down. Friedcat has made statements of building more mining locations
2) A disaster could destroy the mining building (think western digital floods) Friedcat has made statements that multiple mining plants will be built outside of China.
3) BFL ,Avalon, unknown ASIC co etc could build more gear faster and cheaper the AM. Friedcat has made statements that new AM chips will come out in OCT.
I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
again with this? Do we have to hear about how you think AM can't continue to succeed on a daily basis? Ok, you sold out, great for you! Good luck with your future ventures, and I hope BFL does well for you. Now, can we keep this discussion for current shareholders, please? speaking for myself only, I appreciate hearing the other side of the story. Everyone is very happy with their investment in AM at this time, and that is what we hear a large amount of in this thread... in particular on dividend day.... speculating on what can happen in the future that might change this golden age is a worthwhile pursuit and can be helpful to rationalise the irrational excitement around the companies current success. posts like philipma's can also help provide an understanding of those who have not bought AM products or shares for various reasons, or have been selling shares for various reasons. lastly, if you read his points carefully, he countered each point with a note on Friedcat's stated plans to deal with the possible setbacks that could occur to affect AM's current success. thanks
|
|
|
|
michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
|
|
June 13, 2013, 11:26:13 PM |
|
also, thanks TAT et al for the FAQ message to Friedcat. I think this can work well and be mutually benficial for all parties. A lot of smart suggestions pop up in this thread and opinions of shareholders in this case I think can be of some value to Friedcat and team, as well as his responses giving us a clearer understanding of what the evolving operation is that we are involved in precisely and potentially bring more value to the company as a by product.
cheers
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 13, 2013, 11:29:38 PM Last edit: June 13, 2013, 11:45:29 PM by freedomno1 |
|
I agree divisive opinions are important it is always important to do your research when making an investment and asking good questions helps everyone make better decisions I would also like to thank everyone who posted questions to be answered and those who answer them ask quite a few myself I agree that a lot of smart suggestions do pop up in this thread and do add value for Friedcat and team.
|
Believing in Bitcoins and it's ability to change the world
|
|
|
philipma1957
Legendary
Offline
Activity: 4130
Merit: 7905
'The right to privacy matters'
|
|
June 13, 2013, 11:49:05 PM |
|
As I see it AM has three 'weaknesses' that they can't stop but can plan for;
1) China could decide to shut them down. Friedcat has made statements of building more mining locations
2) A disaster could destroy the mining building (think western digital floods) Friedcat has made statements that multiple mining plants will be built outside of China.
3) BFL ,Avalon, unknown ASIC co etc could build more gear faster and cheaper the AM. Friedcat has made statements that new AM chips will come out in OCT.
I bailed at 2.5 btc took profits of 30 btc. I will watch and wait for now. I will also sell off all my pc's from my gpu farms. I still think AM is selling sticks at an insanely high price along with blades. The gear is selling and boosting dividends but I do not see how this can continue. BFL keeps shipping gear out sooner or later people will stop buying AM gear at the prices it sells for.
What is break even for a stick 300 days?
again with this? Do we have to hear about how you think AM can't continue to succeed on a daily basis? Ok, you sold out, great for you! Good luck with your future ventures, and I hope BFL does well for you. Now, can we keep this discussion for current shareholders, please? speaking for myself only, I appreciate hearing the other side of the story. Everyone is very happy with their investment in AM at this time, and that is what we hear a large amount of in this thread... in particular on dividend day.... speculating on what can happen in the future that might change this golden age is a worthwhile pursuit and can be helpful to rationalise the irrational excitement around the companies current success. posts like philipma's can also help provide an understanding of those who have not bought AM products or shares for various reasons, or have been selling shares for various reasons. lastly, if you read his points carefully, he countered each point with a note on Friedcat's stated plans to deal with the possible setbacks that could occur to affect AM's current success. thanks thank you, I have more then once AM stated has been very good to me. As has btc in general . I never looked to make Cadillac money Chevy money was fine with me. Frankly I am not a bfl fan. As of today I am mining with my gpus still making money. Waiting on BFL gear and I took a flyer on two other things one cloudhashing.com and two a group buy with a bitcoin talk member holding a 110Gh bit fury and paying out to share holders. Why do these higher risk moves. The bfl gear cost 6.5 coins the group buy cost 3 coins the cloud hashing contract cost 6 coins total of 15.5 coins. My 30 coin profit from Am is now 14.5 coins. If all my flyers pan out I get 42gh hash power. At a cost of 15.5 coins better yet I do no work for 18Gh just wait for the btc to roll in. Am if all fails I am 14.5 coins ahed all profit. . if I held my shares of AM purchased low .7 to .9 coins I made about 1.7 btc a share I would be getting about .5 coins a week dividend . with all my money at risk. now I am getting 0 coins a week with 14.5 profit and 13.6 buy in on the side lines, so I have 28 coins just sitting no risk and I earn 0 if I stayed in I would have about 43 coins on the line earning .5 coins a week. well my up side is I start earning about 1 coin a week on July 1st from cloud hashing. on Aug 1 I start to earn 2.8 coins a week from bfl . and on sept I start to earn .6 coins from the group buy .... all the while I have 28 no risk coins while if I held Am I would have about 42-43 coins at risk. I do not keep the up down value of coins in the calculation. since in both cases of my guess vs holding AM that is a constant. Here is the best thing if my play pans out I can buy back into AM since my play will out earn AM in the aug- nov time period. worst case Am whales and my play is bad but guess what I would still have made a profit. that is the difference between gambling and investing.
|
|
|
|
binaryFate
Legendary
Offline
Activity: 1484
Merit: 1003
Still wild and free
|
|
June 14, 2013, 12:04:48 AM |
|
Ok ok that's all good for you. Meaning nothing in general though. Don't take it bad, but dude, you're such a pain to read
|
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
|
|
|
aahzmundus
|
|
June 14, 2013, 12:08:56 AM |
|
Diversification is good! That is why now instead of just purchasing more and more Asicminer shares... I am now also purchasing Asicminer hardware! Man do I love my new USB's I think I had a tear come to my eye the first time I saw the LED flash
|
|
|
|
stripykitteh
Legendary
Offline
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
|
|
June 14, 2013, 01:09:10 AM |
|
I enjoy reading your posts, philipma1957. I don't always agree 100% with you but I acknowledge that you try to explain your investing decisions, which is informative.
|
|
|
|
JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
|
|
June 14, 2013, 01:33:05 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
I agree with this. Perhaps they could find another trustworthy (or well-supervised) person to handle the share transfers, and pay for it with this fee. However I have no idea where they are at with their own automated exchange... it wouldn't surprise me if one of the next updates reveals that they have something ready or almost ready on that front.
|
|
|
|
JordanL
Donator
Sr. Member
Offline
Activity: 294
Merit: 250
|
|
June 14, 2013, 01:41:02 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back I think he was talking about a "transfer fee" of 1-1.5% per transfer This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway. Not mine.
|
|
|
|
crashoveride54902
|
|
June 14, 2013, 01:45:53 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back I think he was talking about a "transfer fee" of 1-1.5% per transfer This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway. Not mine. I'm actually trying to get them out of PT's but at 1 a month for free...going to take awhile...don't wanna spend .25btc fee for less then 50 xfer'd out
|
Dreams of cyprto solving everything is slowly slipping away...Replaced by scams/hacks
|
|
|
Jere.Jones
|
|
June 14, 2013, 01:49:27 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
They have ample reserves we asked that question a while back I think he was talking about a "transfer fee" of 1-1.5% per transfer This could actually add MORE work to Friedcat if you think about it... it would also drive more shares to the exchanges. I think eventually all the shares except board seats will end up on the PTs anyway. Not mine. I'm actually trying to get them out of PT's but at 1 a month for free...going to take awhile...don't wanna spend .25btc fee for less then 50 xfer'd out That doesn't mean 1 share a month, it means 1 transfer a month. If you have 100 shares, you can transfer them all at once for free. You don't have to take 100 months to transfer them out.
|
|
|
|
stripykitteh
Legendary
Offline
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
|
|
June 14, 2013, 01:51:29 AM |
|
I'm actually trying to get them out of PT's but at 1 a month for free...going to take awhile...don't wanna spend .25btc fee for less then 50 xfer'd out
Burnside lets you move as many PT shares as you want from btct.co back to friedcat once per month for free. I've done it.
|
|
|
|
AMuppInTime
Donator
Sr. Member
Offline
Activity: 290
Merit: 250
|
|
June 14, 2013, 01:56:05 AM |
|
I'm actually trying to get them out of PT's but at 1 a month for free...going to take awhile...don't wanna spend .25btc fee for less then 50 xfer'd out
Burnside lets you move as many PT shares as you want from btct.co back to friedcat once per month for free. I've done it. Or you could move them IN as many times as desired - and have access to increase liquidity.
|
|
|
|
freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
|
|
June 14, 2013, 01:56:23 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
I agree with this. Perhaps they could find another trustworthy (or well-supervised) person to handle the share transfers, and pay for it with this fee. However I have no idea where they are at with their own automated exchange... it wouldn't surprise me if one of the next updates reveals that they have something ready or almost ready on that front. Well there is still this list of questions we need to exhaust so https://docs.google.com/forms/d/1KYOoPt3SvM9agj54eah4rl5MabqbGheWSBgHFgFgA0U/viewform?pli=1&edit_requested=true
|
Believing in Bitcoins and it's ability to change the world
|
|
|
ianp
|
|
June 14, 2013, 02:16:47 AM |
|
I think friedcat should keep 1-1,5% of direct shares amount he transfers from a user to another, and keep these money for the company not including them in dividends of course. Passthroughs charge a fee, he should do the same, since he has to do that manually. This way the company will benefit more from an increase in share price.
I agree with this. Perhaps they could find another trustworthy (or well-supervised) person to handle the share transfers, and pay for it with this fee. However I have no idea where they are at with their own automated exchange... it wouldn't surprise me if one of the next updates reveals that they have something ready or almost ready on that front. Well there is still this list of questions we need to exhaust so https://docs.google.com/forms/d/1KYOoPt3SvM9agj54eah4rl5MabqbGheWSBgHFgFgA0U/viewform?pli=1&edit_requested=trueJust so everyone's aware -- voting has ended. I've archived the results and we'll move on in a couple of weeks. However, we are currently compiling a list for the community to vote on (~3 weeks'ish from now), and TAT will send them on to Friedcat (just like this round of questions.) If you have questions you'd like considered for community voting, you can send them to me, ThickAsThieves, VJain or FrankTank. We will include some that didn't make the cut from the last round, I suspect. Ian
|
|
|
|
Pierre
|
|
June 14, 2013, 02:51:17 AM |
|
Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.
|
|
|
|
lophie
|
|
June 14, 2013, 03:35:22 AM |
|
Shares seem to be selling well at 2.7 each now that the 2.5 wall is gone.
Planning on selling 12 shares for 3 btc each! Nothing less. The bull in me has spoken.
|
Will take me a while to climb up again, But where is a will, there is a way...
|
|
|
|