ASICMINER: Entering the Future of ASIC Mining by Inventing It

[binaryFate]

What's ironic to me is that the *single* item in that list that ASICMINER cannot possibly fully control because it relies on so many external factors and companies, i.e. their network hasing %, gets the highest score.

Of course I understand the importance of keeping the hashrate high as possible, but nobody can ever guarantee a specific %, not even the mighty friendcat. He could guarantee an exchange, retail website, marketing campaign blah blah blah.

The wording "current goal" does not suggest any guarantee, I don't know where you got that. What is important is the target they're aiming at.

[binaryFate]

@TAT (or one of the other guys taking care of the questions):

What do you mean by "fees" in the last question? If it's transactions fees it is part of mining, are you then speaking about something else?

[nubbins]

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  

[canth]

And being "forced to sell" and taking a huge profit is a problem in what respect?

Nobody ever went bust taking a huge profit.

I think it comes down to personal preference: slow & steady means you don't have to keep checking the exchanges for the perfect time to sell. Fast & furious means you get rich quicker.

Long-time shareholders are already filthy rich, but now feel as if they're being forced into action.

As far as problems go, this isn't a major one  

Heh, no - I don't think that they'll mind taking a huge profit, but I for one still want to have a few patient investors with a steady hand to anchor the price. Personally I'd prefer that to seeing it whipsaw back and forth with a bunch of investors that react to short term fluctuations in hash rates or hardware sales. The trader sure doesn't, but to each their own.

Also, most the long-time shareholders are probably only filthy rich if they've unloaded a huge portion of their shares, recently. Wealthy, no doubt - filthy rich? I don't think anyone has retired just yet. AM IPO investors - feel free to send pics of your yacht purchased with BTC if I'm wrong.

[finlof]

Any speculations as to what the price will be of the dividends?

currently the ASICMiner mining address has 6300+ BTC in it, which translates to almost 0.016/share - http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

[matt_boyd]

Any speculations as to what the price will be of the dividends?

currently the ASICMiner mining address has 6300+ BTC in it, which translates to almost 0.016/share - http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

Not the worst, I can't wait for the new products to come out, that will be exciting time, by the way TAT, liking the sarcasm, it give me a chuckle. 

[tkone]

3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper,
i know everyone wants price of shares to rise,
but look on the bright side, we have a benefit of it staying or even getting lower

[Mnw]

Expecting share price drops again after dividends announcement..

[velacreations]

3.4 wall is good, actually even good if a dropped cheaper, means we can reinvest dividends to buy more shares for cheaper,
i know everyone wants price of shares to rise,
but look on the bright side, we have a benefit of it staying or even getting lower

what wall are you talking about?  I don't see one, only significant sell orders at 3.5

[velacreations]

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

[runeks]

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

[Eric Muyser]

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

I'm thinking only 5-10% is possible.

[Birdy]

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero?

[neilol]

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero?

No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).

[ThickAsThieves]

Expecting share price drops again after dividends announcement..

I kinda doubt this will happen again this week.  it may drop slightly, but don't expect 15% like last week.

I'm thinking only 5-10% is possible.

Anything is possible, including breaking 3btc.

[TECHICENINE]

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i


what person controls this account and has it been ebbing and flowing or just getting bigger..thanks

[nubbins]

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero?

No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).

With a 0.017 per share dividend, we're talking about a drop from, say, BTC3.417 to BTC3.400. That's a pretty small drop to try measuring.

[SmiGueL]

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

what person controls this account and has it been ebbing and flowing or just getting bigger..thanks

friedcat (& co) of course

I expect it to go to ~400 or ~800 in a few hours.

Then you'll get about 0.015/share w/o hardware sales 

[TECHICENINE]

Any speculations as to what the price will be of the dividends?

About 3.4ish currently.

Don't think friedcat has 1.34M bitcoins laying around

My guess is around ~0.015 without HW sales.
Not record-breaking, but knowing what to come (announcement new Blades, new USB sticks, almost 200TH/s ready from fab I really don't care a lot )

Looking forward to the next weeks!

is this friedcats' account do you know why 6,332+ BTC just sitting here not being reinvested..thanks

http://blockchain.info/address/1HtUGfbDcMzTeHWx2Dbgnhc6kYnj1Hp24i

[Mnw]

If we have a balanced market it should drop the same percentage that the dividend is of the share price. If it drops more, it means there is a profit in selling your shares before dividend payments, and buying it back afterwards. And if it drops less, it means there is a profit to be made in buying shares before a dividend payment and selling it afterwards.

So in a balanced market the price will drop each week by the dividends until it hits zero?

No. The price will then subsequently rise by the expected amount of the next dividend over the course of the week (at a pace that reaches equilibrium with the markets discount rate for the security).

With a 0.017 per share dividend, we're talking about a drop from, say, BTC3.417 to BTC3.400. That's a pretty small drop to try measuring.

Sure, but dividend value could drive changes in growth expectations... I mean, an un-informed investor just see a drop in dividends during last weeks. Informations regarding hardware sells are spread and dispersed around the forum..