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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3916311 times)
silvermario
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October 30, 2013, 11:18:27 PM
 #14541

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.
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jeffshed
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October 30, 2013, 11:27:50 PM
 #14542

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.

Don't write shit like that. We don't even know if they're taking coins anymore.

It's hugely important and misleading. Belongs in  the speculation thread.
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October 30, 2013, 11:32:38 PM
 #14543

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.

Don't write shit like that. We don't even know if they're taking coins anymore.

It's hugely important and misleading. Belongs in  the speculation thread.

I thought friedcat confirmed that retained dividends would continue? Did I imagine that?
binaryFate
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October 30, 2013, 11:41:28 PM
 #14544

Belongs in  the speculation thread.
There is very little info to chew, 99% of this thread lately belong to speculation thread...

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
silvermario
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October 30, 2013, 11:52:13 PM
 #14545

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.

Don't write shit like that. We don't even know if they're taking coins anymore.

It's hugely important and misleading. Belongs in  the speculation thread.

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

[...]

What part of the above statement didn't you understand?
Ditto
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October 30, 2013, 11:57:07 PM
 #14546

I thought friedcat confirmed that retained dividends would continue? Did I imagine that?
Why would you imagine that?
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October 31, 2013, 12:18:46 AM
 #14547

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.

Don't write shit like that. We don't even know if they're taking coins anymore.

It's hugely important and misleading. Belongs in  the speculation thread.

Quick Update

We are still on track of accumulating reinvestment funds, continuing from last month, so please expect less-than-raw-income dividends in the next few weeks. The financials will be given out in October 20s, as mentioned in the last update.

[...]

What part of the above statement didn't you understand?

I understood it perfectly.

they said that on the 9th. it's now more than a few weeks later. We can't take any knowledge for granted due to the poor communications  Undecided
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October 31, 2013, 01:16:45 AM
 #14548

Just a friendly reminder:

Custom Cooling Systems
We have been finalizing on our HK datacenter with our professional partner on immersion cooling. This product will be of interest both miners, and other industries that require cooling of similar hardware. Our cooling system partner built it as an exhibition house where everything is clean and shiny for investors/buyers to visit and for ASICMINER to make videos as a demonstration.

5. Cooling Update
We hope to share a good video or exhibition materials by the end of the month.

Too bad that it's phrased with "we hope". Embarrassed

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October 31, 2013, 01:29:56 AM
 #14549

I thought friedcat confirmed that retained dividends would continue? Did I imagine that?
Why would you imagine that?

Just to clarify,

Are you agreeing with me, or asking me to explain how my imagination works?
velacreations
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October 31, 2013, 03:46:05 AM
 #14550

have some people not received their dividends today (direct shares)?  
is it one of those "need 100 confirmations" things?

finlof
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October 31, 2013, 04:02:56 AM
 #14551

have some people not received their dividends today (direct shares)?  
is it one of those "need 100 confirmations" things?

i have some direct shares that i've owned for several months and received my dividends.  but there is still 50btc left in the dividend payout acct http://blockchain.info/address/115tTroRo3B9ZDQ6ATJGDCHcNEVbjJoZnF so those should be paid out, and i would assume your dividend is in that 50btc.
bitcoin.newsfeed
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October 31, 2013, 05:35:26 AM
 #14552

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

I'm curious to know where you found this 50% figure? I thought nobody could tell exactly the ratio retained. Best guesses are based on following resellers paiements, are your referring to anything in particular or you just made that number up?


Sorry, I forgot to write it, it's a hypothetical figure. It could be 50% or 25% or 70%, my point is the share price which is based on dividends is undervalued right now.

Don't write shit like that. We don't even know if they're taking coins anymore.

It's hugely important and misleading. Belongs in  the speculation thread.

Exactly. Its speculation. Do some math. AM is mining in average ~3blocks per day, its 21 blocks per week, its only 525 btc from mining/week. Plus you have ~181 coins from franchises every 10days. And some 700 btc from sales of outdated gen1 hardware. And its not pure income, you need to withdraw expenses.

So at the end you have ~ 525+181+700 = 1406 , divide 400 000 shares ... and you get 0.003515

Because that I don't think that something was retained this time.

... Question Everything, Believe Nothing ...
KS
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October 31, 2013, 06:12:25 AM
 #14553

0.0035336?

edit: I might be looking at the wrong place...

If you take this dividend and multiply it by 52 ( weeks in year) and 3 ( years, AM share value was most of the time calculated at ~30% yearly ROI ) you get ~0.55 BTC what is close to the trading price at the moment.

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

30% would get you 0.6125

33.4% would give you 0.5501

The current going price is closer to 0.60. When the price lowered to 0.56 on the bid side, ppl were starting to buy on the ask side at around 0.60.

I don't know whether we're only collecting half the divs, but the price is depressed because of a short term dip in revenues. AM doesn't need to worry too much about the future. If my math his not totally off, a 40nm gen2 will be 10 times as fast as their current 130nm design ((130/40)2=10.5). That means that they can deploy 1PH in the same datacenters they currently use for 100TH. It could be even faster since their first design wasn't optimum.

I'm no chip designer, so correct me if it's rainbows and unicorns! Smiley
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October 31, 2013, 06:24:19 AM
 #14554

0.0035336?

edit: I might be looking at the wrong place...

If you take this dividend and multiply it by 52 ( weeks in year) and 3 ( years, AM share value was most of the time calculated at ~30% yearly ROI ) you get ~0.55 BTC what is close to the trading price at the moment.

But if you take into cosideration that you are getting now only 50% of possible dividends ( collecting investment funds by friedcat ) the real share price should be ~1.1 BTC so those shares at exchanges are heavily devalued right now.

30% would get you 0.6125

33.4% would give you 0.5501

The current going price is closer to 0.60. When the price lowered to 0.56 on the bid side, ppl were starting to buy on the ask side at around 0.60.

I don't know whether we're only collecting half the divs, but the price is depressed because of a short term dip in revenues. AM doesn't need to worry too much about the future. If my math his not totally off, a 40nm gen2 will be 10 times as fast as their current 130nm design ((130/40)2=10.5). That means that they can deploy 1PH in the same datacenters they currently use for 100TH. It could be even faster since their first design wasn't optimum.

I'm no chip designer, so correct me if it's rainbows and unicorns! Smiley


the estimated price which you said was 0.61 forgets to take in to consideration that asicminer has 4 million usd worth of funds. Some of which can be put in to next gen hardware that will most likely be more efficient than anything else considering all the costs.
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October 31, 2013, 06:34:43 AM
 #14555

...
30% would get you 0.6125

33.4% would give you 0.5501


the estimated price which you said was 0.61 forgets to take in to consideration that asicminer has 4 million usd worth of funds. Some of which can be put in to next gen hardware that will most likely be more efficient than anything else considering all the costs.

That's just based on last divs and 30% APR, it's not an "exact" valuation (which is more voodoo than exact anyway).

If you mean that the price is undervalued, I totally agree.
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October 31, 2013, 06:36:01 AM
 #14556

have some people not received their dividends today (direct shares)?  
is it one of those "need 100 confirmations" things?

The dividend for my converted BTCT shares was late as well.  It was paid about an hour ago.
Jere.Jones
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October 31, 2013, 10:19:23 AM
 #14557

I ask because I have 3 addresses with direct shares. 2 received dividends this week. 1 did not.  The one that didn't was the address that received the direct shares from BTCT's shutdown.  It has received dividends for the past two weeks.  This seems odd.
These dividends have arrived...  almost 12 hours after the other addresses.  Odd....
Strange Vlad
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October 31, 2013, 11:01:55 AM
 #14558

If my math his not totally off, a 40nm gen2 will be 10 times as fast as their current 130nm design ((130/40)2=10.5). That means that they can deploy 1PH in the same datacenters they currently use for 100TH. It could be even faster since their first design wasn't optimum.

A single chip might be faster or slower, depending mainly on how physically big it is, but also on many other factors.  So the chip speed is not always proportional to chip area divided by a square of feature size.  But it doesn't matter anyway.

What does matter is cost efficiency (cost per GH/s) and energy efficiency (J/GH).  The former affects how cheap we can potentially sell the HW (and how much do we earn from a given retail price), while the latter determines how much hashpower can fit in any given datacenter.  In both cases the math is not so simple, especially when we add NRE costs and volume savings into the equation.

It is important to remember to avoid randomly entering panic mode, thinking that 130nm is totally worthless compared to 28nm, because the latter is exactly 21.556 times better.

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
lophie
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October 31, 2013, 12:05:52 PM
 #14559

I ask because I have 3 addresses with direct shares. 2 received dividends this week. 1 did not.  The one that didn't was the address that received the direct shares from BTCT's shutdown.  It has received dividends for the past two weeks.  This seems odd.
These dividends have arrived...  almost 12 hours after the other addresses.  Odd....

I sent to FC but was ignored Sad. I have 2 separate div payments for the same address. It might be a problem for me if I had duplicate entries in the DB in the future Sad.

Will take me a while to climb up again, But where is a will, there is a way...
velacreations
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October 31, 2013, 01:45:24 PM
 #14560

I got my dividend payment, finally.  It came from this address: https://blockchain.info/address/14DumMEnKYtebNWJjf1VhPmxCYeBbT2V3n

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