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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916346 times)
FNG
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September 23, 2013, 08:38:40 AM
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Wish I had coin on btct   Angry

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September 23, 2013, 08:39:56 AM
 #13182

While I'm still trying to set up my public withdrawal address (got error 524 four times in a row already), could someone please post a link to burnside's announcement of WTF is actually happening to BTC-TC?

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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September 23, 2013, 08:41:15 AM
 #13183

While I'm still trying to set up my public withdrawal address (got error 524 four times in a row already), could someone please post a link to burnside's announcement of WTF is actually happening to BTC-TC?


https://bitcointalk.org/index.php?topic=125629.msg3214807#msg3214807
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September 23, 2013, 08:44:55 AM
 #13184

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.


Asicminer Hashrate Charts @ www.asicminercharts.com

Donations BTC: 1SmiGSGWXzD5aZhmw3jyfpBFCgiki45MT
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September 23, 2013, 08:50:29 AM
 #13185

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.


Yeah I just read this, made me feel a lot better...!

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
Free Distribution! https://bitcointalk.org/index.php?topic=623937
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September 23, 2013, 08:51:41 AM
 #13186

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.

Yeah, we should chill out a bit. People selling at those prices in panic are shooting themselves in the foot. We'll just all end up with direct shares and liquidity will be crap (no way that I go to bitfunder myself, as there is then no way to get out of it), but it's not the end of the world. Plus, Vycid happily exercised his options and will now join the good bull side of the force.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
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September 23, 2013, 08:53:11 AM
 #13187

I'll answer a bunch more of these questions tomorrow, but I think these are important to address quickly:

First.  The asset issuers have what they need to continue after the trade-freeze.  I am not selling my assets because I hold assets with issuers I felt like I could trust.  In other words, think about what you're doing before you do it.

Second.  If you're trying to withdraw and it's locked, please make sure you've plugged in your address on this page first:  https://btct.co/account?tab=tab2  We have everyone's funds, though I am going to have to pull some funds out of the offline wallet tomorrow I am almost certain.

Third.  ASICMINER-PT shareholders will be fine.  We have lots of options.

Cheers.


Yeah I just read this, made me feel a lot better...!
Smiley
me 2
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September 23, 2013, 09:12:09 AM
 #13188

Exercising options makes sense for both writer and buyer at the moment. The writer has their margin/deposit tied up and unusable and the buyer has virtual not real shares.
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September 23, 2013, 09:19:43 AM
 #13189

Shoot so that's why I just saw a nuke go off

Believing in Bitcoins and it's ability to change the world
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September 23, 2013, 09:29:47 AM
 #13190

I'm so sorry I ever sold you my little Asicminer PT's Cry
Completely out of Labcrap now, but out of everything else too, and Asicminer's price is going up, so If I buy now then i'd have made a loss from when I sold this morning... God damnnit I hate crashes, I always make such crap decisions!

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September 23, 2013, 09:41:43 AM
 #13191

I gotta be honest with you guys, I am considering buying at 1.2. I delta-hedged some options around 1.3 and thought I'd gotten a great deal. Nope.

I think I might wait for 1.0, on second thought. Who knows what's gonna happen to these shares...

Just execute your options the future is pretty much written in stone for btct at least it looks like it is

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September 23, 2013, 09:42:49 AM
 #13192

i was about to say that the market was recovering, but wow, man, look at the AM share dump
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September 23, 2013, 09:54:16 AM
 #13193

Love the smell of panic selling in the morning! This little piggy is going to the market Smiley
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September 23, 2013, 10:15:54 AM
 #13194

I gotta be honest with you guys, I am considering buying at 1.2. I delta-hedged some options around 1.3 and thought I'd gotten a great deal. Nope.

I think I might wait for 1.0, on second thought. Who knows what's gonna happen to these shares...
I just exercised my options at around 1.35 per share.

It sucks that burnside hasn't been clear on how options will be handled wrt. the shutdown. I just wanted to get the fuck out of there, and I figured 1.35 per share was an OK price anyway.

EDIT: Oh, and a big fucking "thank you" to SEC for protecting the consumers and forcing this shutdown. Thumbs up SEC!
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September 23, 2013, 10:22:11 AM
 #13195

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

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September 23, 2013, 10:27:33 AM
 #13196

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.



Be careful, that's a return based on the previous dividends compared to that price. Actual return will be less until Friedcat brings online the new hashing power.

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September 23, 2013, 10:34:42 AM
 #13197

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.


People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.
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September 23, 2013, 10:38:54 AM
 #13198

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.


People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Thanks for sticking the knife in - we're hurting enough already  Wink
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September 23, 2013, 10:46:28 AM
 #13199

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.


People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Thanks for sticking the knife in - we're hurting enough already  Wink
Although I realize it might be painful for previous investors to be reminded of this, I think new investors might appreciate this advice. Smiley

People keep saying "the annual return is X%", when the fact of the matter is that no one knows what the rate of return will be.

I think it's high time we let this myth die. Your rate of return is something you calculate in retrospect, not something you know before investing in an asset.
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September 23, 2013, 10:49:33 AM
 #13200

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.


People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Haha, thanks for your input. You're right indeed Smiley But looking at the order book, it doesn't really look like it's going to go down much further. Of course, I'm not going to fool myself and think I can predict the market. I am merely reacting to what I consider an advantageous situation in the middle of a panic.

Well. I made my bet already.

"Interesting times", that's for sure.
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