ASICMINER: Entering the Future of ASIC Mining by Inventing It

[philipma1957]

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]

first BTC3 then, the moon!

[VJain]

first BTC3 then, the moon!

That 2.99 wall is pretty tough...

[empoweoqwj]

first BTC3 then, the moon!

That 2.99 wall is pretty tough...

where are you looking? There is only 90 shares left < 3btc @ https://btct.co/security/ASICMINER-PT

[notme]

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/

[Strange Vlad]

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?

[Lohoris]

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.

[eltopo]

I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!

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?

There might be another DeaDTerra address which is not known to me.

[g83]

My estimate for next div is 0.02684

[ning]

An estimate of the value of an ASICMiner share (with conservative-ish assumptions)

Assumptions:
   * Bitcoin will still be around by the time our kids become adults.
   * AM will maintain a minimum of 20% of total hashrate for another five years. (about 80% of total coins will be mined by that time [1])
   * Tx fee is down to zero:(
   * Operaional fee is zero:)

Calculations:
   * Total number of coins will be mined by AM by Jun 2018:
     (52500 * 3.5 * 25 + 52500 * 1.5 * 12.5) * 0.2 = 1115625.0
   * Let X be the percentage on sales income over mining income,
     Price per share (PPS) will be 1115625.0 * (1 + X) / 400000,
         X = 0.1, PPS = 3.068 BTC;
         X = 0.2, PPS = 3.347 BTC;
         X = 0.3, PPS = 3.626 BTC;
         X = 0.4, PPS = 3.905 BTC;
         X = 0.5, PPS = 4.184 BTC;
         X = 0.6, PPS = 4.463 BTC;
         X = 0.7, PPS = 4.741 BTC;
         X = 0.8, PPS = 5.020 BTC;
         X = 0.9, PPS = 5.299 BTC;
         X = 1.0, PPS = 5.578 BTC; (We are around here as of recently)
         X = 1.1, PPS = 5.857 BTC;
         X = 1.2, PPS = 6.136 BTC;
         X = 1.3, PPS = 6.415 BTC;
         X = 1.4, PPS = 6.694 BTC;
         X = 1.5, PPS = 6.973 BTC;
         ...

References:
   [1] https://en.bitcoin.it/wiki/Controlled_supply

(Be diligent and do your own calculations. I am a shareholder and I am biased.)

[Strange Vlad]

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.

I have been reading for 5 days, not reading older posts. Yes, people say that sales divs are gonna be down because the blades are sold out, but they are still selling USB sticks, aren't they?

Of course I'm likely wrong, because I haven't come from finance and all this is still new to me. So please be welcome to point at my mistakes, as I'm always happy to learn. Thank you!

[Lohoris]

Of course I'm likely wrong, because I haven't come from finance and all this is still new to me. So please be welcome to point at my mistakes, as I'm always happy to learn. Thank you!

I really didn't mean to sound harsh, sorry!

[tomywomy]

I said that (stating another way for clarity) it has no inherent value outside of the value that can be used in trade.

I agree, and to this I say that the value that can be used in trade is substantial.  Facilitating trade is a huge value - look at the valuation of stock markets, financial markets in general, banks, visa, etc...  These organizations are worth trillions of dollars globally because they facilitate secure trade - they provide no other value.  Bitcoin represents a platform for trade that is completely decentralized.  The more people use it, the more valuable bitcoins themselves become. 

[Eric Muyser]

My estimate for next div is 0.02684

Good estimate I'd say. Around 2.1-2.6 IMO.

[pikeadz]

Havelock breached BTC3 while I was asleeep, then went back down.  But the line has technically been crossed.

[tomywomy]

My estimate for next div is 0.02684

Good estimate I'd say. Around 2.1-2.6 IMO.

I think it will be higher.  Current solomining effort this week is on target for 0.021 alone.  There would have to be very little hardware sales for dividend to be only 0.026 and none at all for 0.021.

[g83]

Just posted that to prevent sharepricebubblepop next week 

[SRoulette]

Any reason for the noticeable hash rate drop off ?

Friedcat tripping over cat5 in the datacenter perhaps ?

[Smidge]

Friedcat tripping over cat5 in the datacenter perhaps ?

Anyone know how the "datacenter" even looks?

[🏰 TradeFortress 🏰]

Also hosts MtGox.