AMuppInTime
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Activity: 290
Merit: 250
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July 31, 2013, 06:15:18 PM |
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It's actually perfectly reasonable for AM to tank. IPO Whirlpool plus low dividend week.If you extrapolated this weeks dividend, with the previous price of BTC4.2, thats only a 22% return. Coupled with the fact that AM only shows 6% in the blockchain pool: http://blockchain.info/pools , I think prices are safe to keep dipping until new blades are announced. Second that - I've let go of some shares and might buy back closer to a bottom if it's a significant drop. Meanwhile there isn't enough support around the current levels for me to be holding, particularly when there are a few interesting other opportunities.. I look forward to future divs returning closer to .25 levels and sales going higher. USBS for 2BTC meant big divs, now at a fraction of that price AM needs to sell that much more to make the same profit. I love ASICminer and hope to get back in the game, but later on. |
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eb3full
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Activity: 198
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July 31, 2013, 06:37:51 PM |
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Seems ridiculous that ASICMiner is tanking. The dividend is still roughly what's been predicted and it's still a great return for the share price.
I think now is the time to buy up things for cheap. People aren't selling because they've lost faith in everything else. They are selling because they are desperate for coins to invest in new things. The price should rebound as more money flows into the market.
People are scared about the hashrate being only 6%. This is a transition period in the hardware deployment cycle. This company has a ton of hardware to sell in coming months. |
"With four parameters I can fit an elephant, and with five I can make him wiggle his trunk." John von Neumann
buy me beer: 1HG9cBBYME4HUVhfAqQvW9Vqwh3PLioHcU
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Elokane
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July 31, 2013, 06:45:58 PM |
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Are these new competitors proven in anyway? Do they have deals with IC companies? Actual products or solid plans?
I'm asking here to try and avoid the fanboys/pumpers in their specific threads.
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SmiGueL
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July 31, 2013, 07:07:57 PM |
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Seems ridiculous that ASICMiner is tanking. The dividend is still roughly what's been predicted and it's still a great return for the share price.
I think now is the time to buy up things for cheap. People aren't selling because they've lost faith in everything else. They are selling because they are desperate for coins to invest in new things. The price should rebound as more money flows into the market.
People are scared about the hashrate being only 6%. This is a transition period in the hardware deployment cycle. This company has a ton of hardware to sell in coming months. Saying that ASICMINER is mining @ 6% is just wrong. The actual hashrate is higher but blockchain.info doesn't count the untagged blocks.  Check my previous post for more info about that.  |
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Dexter770221
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July 31, 2013, 07:16:16 PM |
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Saying that ASICMINER is mining @ 6% is just wrong.
If AM will not increase hashrate ASAP it will be true in less than a month, unfortunately. Hashrate is climbing fast and 100TH mine alone in next week will cut it to somwhere 10%. IMHO. |
Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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talnted
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Activity: 236
Merit: 100
www.bitcoingem.com
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July 31, 2013, 07:27:04 PM |
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Seems ridiculous that ASICMiner is tanking. The dividend is still roughly what's been predicted and it's still a great return for the share price.
I think now is the time to buy up things for cheap. People aren't selling because they've lost faith in everything else. They are selling because they are desperate for coins to invest in new things. The price should rebound as more money flows into the market.
People are scared about the hashrate being only 6%. This is a transition period in the hardware deployment cycle. This company has a ton of hardware to sell in coming months. Saying that ASICMINER is mining @ 6% is just wrong. The actual hashrate is higher but blockchain.info doesn't count the untagged blocks. Check my previous post for more info about that. Exactly. |
Over 800+ BTC Paid Out! 1110+ Buyers of the Gem! |
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SimonL
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July 31, 2013, 07:33:03 PM |
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Are these new competitors proven in anyway? Do they have deals with IC companies? Actual products or solid plans?
I'm asking here to try and avoid the fanboys/pumpers in their specific threads.
AFAICT thats a tentative yes, but these chips are not going to be even ready for testing for months. It might even be christmas before we see these new chips doing any hashing. Labcoin might have their chips late August, but then they need time to get them up and mining, and they aren't even tested for efficiency AFAIK. And besides their chips are 130mn, hardly competitive and may end up being an investment disaster if there are delays, why anyone would invest in Labcoin is really confusing to say the least. ActiveMining seems promising they'll be selfmining with a brand new 28nm designed chip focused on being efficient rather than absurdly high in hashpower, but this is months down the track. They are at least pragmatic enough to be bringing in 3rd party mining equipment in the mean time though. Hashfast is doing something similar to Active, but they have nothing until they get their chips October-ish I think, Active I think is the same eta. Hashfast has made some absurd claims on their performance though so it will be extremely interesting to see if they can back up their claims, we might be seeing the next BFL in the making since they won't be self mining but selling direct to customers. I'm keen to find out what Friedcat has in store with their "next-gen" devices in late Nov, early Dec. Keeping it on the downlow though means the competition is left guessing, but damn I'm curious. |
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g83
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July 31, 2013, 07:53:31 PM |
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I ask myself whats up with the promised 200 th comin online
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TsuyokuNaritai
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July 31, 2013, 08:09:04 PM |
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Does anyone know why Friedcat isn't tagging them? |
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fumble
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Activity: 35
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July 31, 2013, 08:16:28 PM |
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Seems ridiculous that ASICMiner is tanking. The dividend is still roughly what's been predicted and it's still a great return for the share price.
I think now is the time to buy up things for cheap. People aren't selling because they've lost faith in everything else. They are selling because they are desperate for coins to invest in new things. The price should rebound as more money flows into the market.
People are scared about the hashrate being only 6%. This is a transition period in the hardware deployment cycle. This company has a ton of hardware to sell in coming months. Saying that ASICMINER is mining @ 6% is just wrong. The actual hashrate is higher but blockchain.info doesn't count the untagged blocks. Check my previous post for more info about that. Hmmm that's an excellent way to hide having over 50% of the network. Except when you follow the cashflow to the same wallet. |
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Lohoris
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July 31, 2013, 08:25:18 PM |
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Does anyone know why Friedcat isn't tagging them?
+1 |
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msm595
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July 31, 2013, 08:36:15 PM |
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Does anyone know why Friedcat isn't tagging them? Perhaps he's testing blades that he will be shipping out? Or a bug...? |
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foxykah
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July 31, 2013, 08:40:04 PM |
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Does anyone know why Friedcat isn't tagging them? Perhaps he's testing blades that he will be shipping out? Or a bug...? <conspiracy> Conspiracy alert! maybe he is generating profit, but he does not want to show it, as that would mean he has to include it in the div. </conspiracy> |
Good things come to those who wait.
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Super T
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July 31, 2013, 08:49:37 PM |
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Could be testing the franchise model... just pay for hosted equipment and receiving address is updated.
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chriswilmer
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Activity: 1008
Merit: 1000
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July 31, 2013, 08:55:28 PM |
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Does anyone know why Friedcat isn't tagging them? Perhaps he's testing blades that he will be shipping out? Or a bug...? <conspiracy> Conspiracy alert! maybe he is generating profit, but he does not want to show it, as that would mean he has to include it in the div. </conspiracy> I know you're kidding, but the reason we are even discussing this is because Smiguel pointed out that the mining reward was sent to the main ASICMiner bitcoin address... so, those bitcoins were included in our divs. |
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msm595
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July 31, 2013, 09:14:12 PM |
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Does anyone know why Friedcat isn't tagging them? Perhaps he's testing blades that he will be shipping out? Or a bug...? <conspiracy> Conspiracy alert! maybe he is generating profit, but he does not want to show it, as that would mean he has to include it in the div. </conspiracy> I know you're kidding, but the reason we are even discussing this is because Smiguel pointed out that the mining reward was sent to the main ASICMiner bitcoin address... so, those bitcoins were included in our divs. So instead of hiding profit and not including it in the divs, he's hiding profit to artificially boost divs? That sly dogcat! |
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freedomno1
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Learning the troll avoidance button :)
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July 31, 2013, 09:29:46 PM |
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There hasn't been anywhere else worth investing in for a while either. Friedcat has an excellent track record and I'm sure AM will continue to do well, it's just they've got some actual competition now.
It does seem that the shares are still fairly highly priced; in fact I'm expecting them to fall further. I don't think the company's best days are behind it, but the "taking candy from a baby" days probably are. The company still has its talent intact, and I expect enough cash to fund new product development cycles internally. I don't think Friedcat is surprised that there is now competition nor would he be panicking.
Pretty much this they might not be gems but they are interesting enough to spend a bit of time looking That said they are growth plays dividend plays are still AM exclusively |
Believing in Bitcoins and it's ability to change the world
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foxykah
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July 31, 2013, 09:40:00 PM |
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Does anyone know why Friedcat isn't tagging them? Perhaps he's testing blades that he will be shipping out? Or a bug...? <conspiracy> Conspiracy alert! maybe he is generating profit, but he does not want to show it, as that would mean he has to include it in the div. </conspiracy> I know you're kidding, but the reason we are even discussing this is because Smiguel pointed out that the mining reward was sent to the main ASICMiner bitcoin address... so, those bitcoins were included in our divs. So instead of hiding profit and not including it in the divs, he's hiding profit to artificially boost divs? That sly dogcat! <off> But this seriously made me think about this whole conspiracy concept. Not specifically speaking about FC, but about the whole BTC mining industry. CEOs of these securities could easily - like the way stated above - hide their profits and cut off a little bit from every div. I never tought of this before..surely a great opportunity to scam the investors. </off> Either way, an official update would be nice, also, I am eager to see the div boost after the blades start selling |
Good things come to those who wait.
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chriswilmer
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Activity: 1008
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July 31, 2013, 10:46:51 PM |
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I'm not one to think that Friedcat needs to update us everytime the hashrate drops 10-20% below the weekly average... but something is definitely up right now. What's going on?
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Voodah
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July 31, 2013, 10:49:34 PM |
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Cmon now everybody.. stop freaking out.
We know it's definitely not 6% and we know there's no conspiracy here.
Just be patient (and stop selling cheaper..).
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