circuitry
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Activity: 61
Merit: 10
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June 14, 2013, 05:24:01 PM |
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I hope the facilties are being taken care of by a good security team. Not to be a tinfoilhatter but the more success you have, the more enemies you make. Certain people would be very happy now if the AsicMiner hashing farm were to *accidentally* blow up.
This is not a bad question. In my head the two ASICMINERs datacenters are patrolled by PLA super-troopers, but we really have no idea. Obviously the team behind ASICMINER is more than component, so I'm sure they have thought long and hard about security, and have solid ways of protecing wallets. If everything were operating from a typical office/ datacenter, a bunch of guys with guns could take it over and steal the coins the day before dividends are sent... it would be a not-too-small fortune. At this point I am so impressed with and confident in ASICMINER/Bitfountain/friedcat, I'm sure that they they have a setup/plan for the wallets so that even the Triads have no chance of getting the jump on them. I nominate a query regarding physical security of the current mining datacenters for the next shareholder question poll. China does not allow people to owns a gun, mate you hypothesis only working on USA..of course there are still a possibility to getting a gun, but in fact, I think Friedcat does very well on security, so far, I did not see anyone knows who is friedcat ....I also think that people will buy a gun to do a robing may not understand what is bitcoin... It doesn't matter. Someone with enough money and interest can hire ten thugs and one bitcoin-savvy IT guy and storm the datacenters. They don't even have to rob the bitcoins. Destroying future AM ability to remain a significant player is more than enough to disrupt the market. I'm 100% sure that Friedcat and co. have thought about the possibilty of sabotage and other unfair corporate practices. Perhaps, because the very sensitive nature of this issue, actual security measures are best kept hidden from the public. Still, some reassurance on the matter surely can't hurt  |
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TsuyokuNaritai
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June 14, 2013, 05:31:26 PM |
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Perhaps, because the very sensitive nature of this issue, actual security measures are best kept hidden from the public. Still, some reassurance on the matter surely can't hurt +1. We should make sure they know that this is a high priority issue for us, but for many reasons it's probably best if the actual details of security measures aren't broadcast. If friedcat assures us it's a high priority and they have taken serious measures both to defend themselves and made it so it would be strongly against the best interests of potential attackers to do so, that's good enough for me. |
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PeterB
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June 14, 2013, 05:38:50 PM |
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Perhaps, because the very sensitive nature of this issue, actual security measures are best kept hidden from the public. Still, some reassurance on the matter surely can't hurt +1. We should make sure they know that this is a high priority issue for us, but for many reasons it's probably best if the actual details of security measures aren't broadcast. If friedcat assures us it's a high priority and they have taken serious measures both to defend themselves and made it so it would be strongly against the best interests of potential attackers to do so, that's good enough for me. +1. My thoughts exactly. |
Mine bitcoins with you mind! Play poker at Seals with Clubs! Now with mixed games, stud games, and multiple variants of OFC! These games are not offered on any other bitcoin poker site! Sign up with me, PeterB, as your referral and I can help you with eBooks, strategy and more! PM me for more details. |
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neilol
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June 14, 2013, 07:36:03 PM |
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Almost BTC3. Incredible
Wish I had bought in earlier!
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MikkisJ
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Activity: 126
Merit: 11
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June 14, 2013, 08:05:43 PM |
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Updated by dividend day 2013-06-12 Why does it say DeaDTerra PT has 12,876 shares when in reality there are 18,845 shares listed on BitFunder? |
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pikeadz
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June 14, 2013, 08:09:33 PM |
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Almost BTC3. Incredible
Wish I had bought in earlier!
I will feel a lot better once it crosses that 3. I bought in from 2.71 up to 2.94. Psychological barriers and whatnot. |
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Gomeler
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June 14, 2013, 08:14:04 PM |
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Every couple of hours I've been refreshing BitFunder and watching my portfolio jump up and down. The artificial 2.5 BTC/share wall was nice for stability. Rollercoaster time I suppose.
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freedomno1
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Activity: 1848
Merit: 1094
Learning the troll avoidance button :)
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June 14, 2013, 08:20:15 PM |
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Every couple of hours I've been refreshing BitFunder and watching my portfolio jump up and down. The artificial 2.5 BTC/share wall was nice for stability. Rollercoaster time I suppose.
Less of a rollercoaster but a lot more of a stable rise than if there was not such a strong support wall for a long time  If that's any consolation |
Believing in Bitcoins and it's ability to change the world
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philipma1957
Legendary
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Activity: 4522
Merit: 9984
'The right to privacy matters'
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June 14, 2013, 08:33:06 PM |
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Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. Consider my statement suitably modified. People are selling because they think the price will fall. Or like myself they have taken profit and are watching. I sold off at about 2.49btc but it was worth 123 usd per btc. quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd. If I buy some btc today via coin base and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars. A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never want to have more then 5000 usd at risk cashing out my AM seemed best. I have 824 usd at risk with bfl. 715 at risk with cloud hashing.com 360 at risk with a group buy of a 110gh bit fury. that is about 1600 usd. I have about 10 coins sitting another 1000 usd = a total of 2600 usd that can go poof. my gpu farm slowly decreases in value maybe i get 3000 usd if i part it out on ebay. My peak with AM was 17 shares at 2.49 btc per share or about 5200 usd it was just too many eggs in one basket. I do not know if there are 2 or 3 or 4 mining locations . Worse case there is only one. Fires happen , floods happen just ask western digital , earthquakes, revolutions. So for now I can sit and wait while collecting the last few coins with my gpu farm. Piece it out on ebay. Use that cash to go for AM if I choose. If BFL pans out cool If cloud hashing pans out good if the group buy is a winner great. If they all lose I am still ahead. If my 10 coins turn to 0 usd I am still ahead. I did the math and saw a window to be ahead no matter what. I took it. I still have action and in a month If I like what I see I can bust a move. Or fully bail out still ahead. |
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ThunderSheep
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Activity: 88
Merit: 10
The sheep who walks through walls.
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June 14, 2013, 09:29:30 PM |
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Perhaps, because the very sensitive nature of this issue, actual security measures are best kept hidden from the public. Still, some reassurance on the matter surely can't hurt +1. We should make sure they know that this is a high priority issue for us, but for many reasons it's probably best if the actual details of security measures aren't broadcast. If friedcat assures us it's a high priority and they have taken serious measures both to defend themselves and made it so it would be strongly against the best interests of potential attackers to do so, that's good enough for me. +1. My thoughts exactly. I'd like to +2 that sentiment. |
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Lorren
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June 14, 2013, 09:44:28 PM |
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Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. Consider my statement suitably modified. People are selling because they think the price will fall. Or like myself they have taken profit and are watching. I sold off at about 2.49btc but it was worth 123 usd per btc. quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd. If I buy some btc today via coin base and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars. A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never want to have more then 5000 usd at risk cashing out my AM seemed best. <snip> This is why I don't have everything in one BTC stock. I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term. Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much. |
BitcoinLove Bitcoin products on Zazzle. BTC: 1BaRWVFD927cfDcCfxn9vhJn2L6ZKKNSP1
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freedomno1
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Activity: 1848
Merit: 1094
Learning the troll avoidance button :)
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June 14, 2013, 09:52:26 PM |
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Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. Consider my statement suitably modified. People are selling because they think the price will fall. Or like myself they have taken profit and are watching. I sold off at about 2.49btc but it was worth 123 usd per btc. quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd. If I buy some btc today via coin base and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars. A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never want to have more then 5000 usd at risk cashing out my AM seemed best. <snip> This is why I don't have everything in one BTC stock. I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term. Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much. A good strategy is always accumulation In this case that would be the accumulation of Bitcoins when the price is lower you can usually get more of them than if the price is higher while maintaining the positional value of the market price Hedging of sorts On that note ▲ 6@0.02985 (Hmm that 0.3 is close) It is Psychological after all |
Believing in Bitcoins and it's ability to change the world
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Franktank
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June 14, 2013, 10:47:35 PM |
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Just posting another reminder for those that have questions for friedcat. A few of us have started to compile questions for submission. Please keep in mind that it is very possible he may not answer some/any questions but would still like to submit them, on behalf of the "minority shareholders."
The plan is to submit these questions on a monthly basis.
Use "Q/A for ASICMiner" for the subject line.
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philipma1957
Legendary
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Activity: 4522
Merit: 9984
'The right to privacy matters'
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June 15, 2013, 12:51:05 AM |
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Also, why is anyone selling shares under 3BTC? i just can't grasp it.
Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again. BTC/USD has never been that high, it was $256, for a moment, 2 months ago. Consider my statement suitably modified. People are selling because they think the price will fall. Or like myself they have taken profit and are watching. I sold off at about 2.49btc but it was worth 123 usd per btc. quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd. If I buy some btc today via coin base and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars. A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never want to have more then 5000 usd at risk cashing out my AM seemed best. <snip> This is why I don't have everything in one BTC stock. I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term. Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much. Are you living in the usa? If you are and can afford to believe that BTC will crush the USD then you are doing the best strategy. I would like to believe fully in BTC ,but living in the USA and seeing how they cracked down on MtGox and a few other BTC to USD companies It makes it more difficult for me to do that. If The USA closes Coinbase my coins will be frozen for over 30 days as my MtGox account has been shut due to a drivers license issue. Heck if you were in Cypress or Argentina and had most of your money in BTC you did very well. |
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str4wm4n
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Activity: 1611
Merit: 1001
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June 15, 2013, 02:15:41 AM |
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first BTC3 then, the moon!
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VJain
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June 15, 2013, 03:22:57 AM |
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first BTC3 then, the moon!
That 2.99 wall is pretty tough... |
Making Apps and Websites for people. I charge reasonable rates ($30-40/hour in BTC).
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notme
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Activity: 1904
Merit: 1002
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June 15, 2013, 04:31:26 AM |
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I nominate a query about mining a small amount on p2pool in order to keep it finding at least a block a day. In fact, with p2pool, if they are able to mine more efficiently than the average, they can potentially earn more than solo mining.
P2pool currently has a 30.2 hour average block time. Helping keep p2pool alive is beneficial to the community and if the operators can achieve lower latency than the average the payout should beat solo mining[1]. 1. http://p2pool.me/payment-system/ |
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Strange Vlad
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June 15, 2013, 08:56:27 AM |
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Hi there!
I'm yet another AM-PT shareholder, bought my 25 for 2.48BTC a few days ago, very happy with this investment so far. And like many of you, I'm watching closely how the 3BTC wall is crumbling under pressure, an exciting show indeed!
Meanwhile, is it too early to start estimating the next dividends? I would bet on no less than 0.036, possibly even breaking the record, seeing how much the hash rate increased in the last few days. And I feel the divs are not going below 0.03 anymore until competitors roll out their ASICs en masse. What do you think?
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Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. There is no spoon. Then you'll see, that it is not the spoon that bends, it is only yourself.
1CdVTkA288cd3m1jkdqPjUfhQ5ebei8gVT
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Lohoris
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June 15, 2013, 09:04:31 AM |
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Meanwhile, is it too early to start estimating the next dividends? I would bet on no less than 0.036, possibly even breaking the record, seeing how much the hash rate increased in the last few days. And I feel the divs are not going below 0.03 anymore until competitors roll out their ASICs en masse. What do you think?
Read the last few pages of this thread, there have already been some estimates, which are very different from yours, and are more informed. |
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