ASICMINER: Entering the Future of ASIC Mining by Inventing It

[velacreations]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

3000 btc is .0075 per share.

Incorrect.

Incorrect on what?  Could you explain where and how that we are incorrect?

[KS]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

3000 btc is .0075 per share.

Incorrect.

Incorrect on what?  Could you explain where and how that we are incorrect?

You seem to assume 100% profit (i.e. you don't deduce anything for the cost of hardware/shipping/etc).

But yes, 3000/400000=0.0075

[MilkyWayMasta]

404 Bitcoin in ASICMiner mining address. How many did it have last week?

[Elokane]

Seems to me that, unless the information takes more time to penetrate than I imagine, share price won't go (much?) below the current ~0.4 price point. Unless some people only wake up when dividends become extinct.

[damiano]

Shares price will go lower now

https://bitcointalk.org/index.php?topic=344580.0

starting bids reduced to .29 now

these are direct shares as well so ya...

there's also 1,320 to sell so its not like these will go quick...

[MilkyWayMasta]

Shares price will go lower now

https://bitcointalk.org/index.php?topic=344580.0

starting bids reduced to .29 now

these are direct shares as well so ya...

there's also 1,320 to sell so its not like these will go quick...

[Vycid]

Havelock asks are now at 0.21 BTC/share.

[chairforce1]

Havelock asks are now at 0.21 BTC/share.

no....?

[Vycid]

Havelock asks are now at 0.21 BTC/share.

no....?

My mistake, I seem to have gotten the ask wall from another security.

Well Seb put up a big auction so the markets are due for a reaction
https://bitcointalk.org/index.php?topic=345248.0

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

[freedomno1]

Well Seb put up a big auction so the markets are due for a reaction
Well the FB bidders will be watching now too 
https://bitcointalk.org/index.php?topic=345248.0

[velacreations]

FC said 9000 cubes, and they are charging at least 1 btc for each cube, so yeah, 9000 btc for the total is possible.  That also means that at least ~3000 btc worth of cubes have been sold already.

3000 btc is .0075 per share.

Incorrect.

Incorrect on what?  Could you explain where and how that we are incorrect?

You seem to assume 100% profit (i.e. you don't deduce anything for the cost of hardware/shipping/etc).

But yes, 3000/400000=0.0075

1. cost of hardware was paid for before production (he took it out of our dividends, remember?)
2. costs right now include advertising and shipping, which should be less than 10% of the sales price.

The fact that they are charging more than 1.1 btc should make my calculation still right.  I was hoping Canary would show me where I'm wrong, maybe they are charging less than 1 btc for the cubes, I don't know.

[Bananery]

By the way... friedcat still is only paying divs to 400,000 shares? I checked the feeder addresses and it doesnt look like divs for another 400,000 shares are going away. But friedcat and his team has to earn too somehow. Maybe my look at the addresses wasnt good enough only.

He always paid for all 400,000 shares. Bitfountain owns around 59% of those 400,000 shares. So 59% of all dividends go to the founders, FriedCat and few others.

[freedomno1]

By the way... friedcat still is only paying divs to 400,000 shares? I checked the feeder addresses and it doesnt look like divs for another 400,000 shares are going away. But friedcat and his team has to earn too somehow. Maybe my look at the addresses wasnt good enough only.

He always paid for all 400,000 shares. Bitfountain owns around 59% of those 400,000 shares. So 59% of all dividends go to the founders, FriedCat and few others.

Not entirely correct until the IPO was fully rebated  100% of Divs went to the shareholders
But after that your point is correct

[shawshankinmate37927]

By the way... friedcat still is only paying divs to 400,000 shares? I checked the feeder addresses and it doesnt look like divs for another 400,000 shares are going away. But friedcat and his team has to earn too somehow. Maybe my look at the addresses wasnt good enough only.

He always paid for all 400,000 shares. Bitfountain owns around 59% of those 400,000 shares. So 59% of all dividends go to the founders, FriedCat and few others.

Just curious.  What's the story behind that additional 9% of shares that went back to BF?  Did they not sell at IPO?

[stripykitteh]

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

[jimmothy]

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

Seb did not "suck" the market down. Every time FC makes an announcement the price goes up and then adjusts back to 30% apr based on the last dividend. Dividends this week look like around 0.0025 so that would lead to 0.43 @ 30% apr.

[stripykitteh]

Seb did not "suck" the market down. Every time FC makes an announcement the price goes up and then adjusts back to 30% apr based on the last dividend. Dividends this week look like around 0.0025 so that would lead to 0.43 @ 30% apr.

I guess we'll know how that theory looks when the auction is run and done. I'm tipping it'll pull the price down, but I'm just spit-balling it.

[Vycid]

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

Seb is selling 1240 shares at an auction start price of .29 each. I think that's something like 0.75% of publicly traded shares? There are only 13381 AM1 shares on Havelock, for comparison.

The Havelock volume in the last month was 6970 shares. If total monthly volume is 6970 and 1240 shares are suddenly offered at 25% below market, the price is going to go down globally - possibly even more than 25%. We'll see how much demand there is.

So if you're holding shares on Havelock, it seems like a simple matter to sell your shares and bid on Seb's auction. Your alternative is holding those shares as the Havelock price drops.

Anyone who acted quickly to sell their Havelock shares and bid in the auction will almost certainly increase their net shares, courtesy of Seb's slippage.

[BitThink]

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

Seb is selling 1240 shares at an auction start price of .29 each. I think that's something like 0.75% of publicly traded shares? There are only 13381 AM1 shares on Havelock, for comparison.

The Havelock volume in the last month was 6970 shares. If total monthly volume is 6970 and 1240 shares are suddenly offered at 25% below market, the price is going to go down globally - possibly even more than 25%. We'll see how much demand there is.

So if you're holding shares on Havelock, it seems like a simple matter to sell your shares and bid on Seb's auction. Your alternative is holding those shares as the Havelock price drops.

Anyone who acted quickly to sell their Havelock shares and bid in the auction will almost certainly increase their net shares, courtesy of Seb's slippage.

Even without the arbitrage, considering almost all the informed potential buyers will be attracted to the auction and leave Havelock almost no adding bids, the AM1 price will drop for certain.
Moreover, selling 1320 shares is not so different to a flat rate sale in my opinion, so I don't think the final price will be significantly higher than 0.29.

[twbt]

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

Seb is selling 1240 shares at an auction start price of .29 each. I think that's something like 0.75% of publicly traded shares? There are only 13381 AM1 shares on Havelock, for comparison.

The Havelock volume in the last month was 6970 shares. If total monthly volume is 6970 and 1240 shares are suddenly offered at 25% below market, the price is going to go down globally - possibly even more than 25%. We'll see how much demand there is.

So if you're holding shares on Havelock, it seems like a simple matter to sell your shares and bid on Seb's auction. Your alternative is holding those shares as the Havelock price drops.

Anyone who acted quickly to sell their Havelock shares and bid in the auction will almost certainly increase their net shares, courtesy of Seb's slippage.

It's funny seeing you counting the wrong numbers to the right result, Vycid.