chriswilmer
Legendary
 Offline
Activity: 1008
Merit: 1000
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December 16, 2013, 05:13:20 PM |
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Up now for me: AM1 at 2.5 AM100 at .0024.
would be nice if AM1 was for 2.5 BTC  I am an optimistic person but I don't think that we will see this number again I just played with some mining numbers. If AM had 40 PH and the network stopped growing once it hit 200 PH then you could get 2.5 BTC per share based on a market that expects 30% yield per year in dividends However, we COULD see 2.5 BTC/share if the market changes its perspective about AM from a company that "probably won't exist in a year or two" to "a company that will probably still be pumping out mining hardware solutions for the next decade" The longer AM exists without disappearing/collapsing/suffering major scandals, the more the market will shift to the latter perspective, in which case getting a 5-10% yield (in BTC!!!) per year will seem like a super investment. In this case, 2.5 BTC / share seems possible (AM would still have to be doing very well for this to be the case). |
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bitcoin.newsfeed
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December 16, 2013, 07:06:20 PM |
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Is AM/Bitfountain located in Hong Kong or in China now? recent news ... The PBOC also said that merchants could no longer price their goods and services in bitcoin and couldn’t exchange their wares for bitcoin. from wiki : Under the principle of "one country, two systems", Hong Kong has a different political system from mainland China. Hong Kong's independent judiciary functions under the common lawframework. Hong Kong Basic Law, its constitutional document, which stipulates that Hong Kong shall have a "high degree of autonomy" in all matters except foreign relations and military defence, governs its political system. Although it has a burgeoning multi-party system, a small-circle electorate controls half of its legislature. The head of the government, the Chief Executive of Hong Kong, is chosen by an Election Committee of 400 to 1,200 members, a situation that will be in effect during the first 20 years of Chinese rule. So is AM under China or Hong Kong law? Are they different? I would like to hear a statement from ASICminer regards recent PBOC statement ... are we in direct danger? |
... Question Everything, Believe Nothing ...
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Pompobit
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December 16, 2013, 07:13:13 PM |
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AM is in Shenzen, China.
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bitcoin.newsfeed
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December 16, 2013, 07:21:59 PM |
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AM is in Shenzen, China.
Q: What would be the physical address of the offshore company be to registered?
Friedcat: It will be on an island where financial freedom is more possible to achieve.
This message is 6months old. |
... Question Everything, Believe Nothing ...
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limbaugh
Legendary
Offline
Activity: 1311
Merit: 1000
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December 16, 2013, 07:29:28 PM |
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Is AM/Bitfountain located in Hong Kong or in China now? recent news ... The PBOC also said that merchants could no longer price their goods and services in bitcoin and couldn’t exchange their wares for bitcoin. You could see this coming. Crashing BTC price as well. |
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Voodah
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December 16, 2013, 07:29:58 PM |
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Up now for me: AM1 at 2.5 AM100 at .0024.
would be nice if AM1 was for 2.5 BTC I am an optimistic person but I don't think that we will see this number again I just played with some mining numbers. If AM had 40 PH and the network stopped growing once it hit 200 PH then you could get 2.5 BTC per share based on a market that expects 30% yield per year in dividends However, we COULD see 2.5 BTC/share if the market changes its perspective about AM from a company that "probably won't exist in a year or two" to "a company that will probably still be pumping out mining hardware solutions for the next decade" The longer AM exists without disappearing/collapsing/suffering major scandals, the more the market will shift to the latter perspective, in which case getting a 5-10% yield (in BTC!!!) per year will seem like a super investment. In this case, 2.5 BTC / share seems possible (AM would still have to be doing very well for this to be the case). I do see the logic of your numbers, but we're so far away from 2.5 it's not even funny. I don't see that happening at the very least until Gen3 is already rolling out. |
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ujka
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December 16, 2013, 07:31:38 PM |
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Is AM/Bitfountain located in Hong Kong or in China now? recent news ... The PBOC also said that merchants could no longer price their goods and services in bitcoin and couldn’t exchange their wares for bitcoin. I would like to hear a statement from ASICminer regards recent PBOC statement ... are we in direct danger? Thats not a PBOC statement (yet). Its coindesk "sources claim" ... |
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bitcoin.newsfeed
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December 16, 2013, 07:40:15 PM |
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You could see this coming. Crashing BTC price as well.
I don't care about momentary "BTC price" fluctuations ... what I care about is AM ... if AM is able to continue all current operations within the law. |
... Question Everything, Believe Nothing ...
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limbaugh
Legendary
Offline
Activity: 1311
Merit: 1000
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December 16, 2013, 07:47:01 PM |
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You could see this coming. Crashing BTC price as well.
I don't care about momentary "BTC price" fluctuations ... what I care about is AM ... if AM is able to continue all current operations within the law. Obviously, as long as they don't sell equipment for BTC. Until BTC is completely outlawed. |
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bitcoin.newsfeed
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December 16, 2013, 07:54:55 PM |
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You could see this coming. Crashing BTC price as well.
I don't care about momentary "BTC price" fluctuations ... what I care about is AM ... if AM is able to continue all current operations within the law. Obviously, as long as they don't sell equipment anymore for BTC. Until BTC is completely outlawed. Oh my, the poor AM share price.... If they are under China's law (because that I am asking if they are) ... you're right that they aren't allowed to sell hardware for bitcoins anymore ... but they can sell it for CNY ... but where they want to exchange that massive amounts of CNY for BTC in future if exchanges will be not allowed to take bank transfers? What the ... mess  |
... Question Everything, Believe Nothing ...
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jimmothy
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December 16, 2013, 07:57:53 PM |
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You could see this coming. Crashing BTC price as well.
I don't care about momentary "BTC price" fluctuations ... what I care about is AM ... if AM is able to continue all current operations within the law. Obviously, as long as they don't sell equipment anymore for BTC. Until BTC is completely outlawed. Oh my, the poor AM share price.... If they are under China's law (because that I am asking if they are) ... you're right that they aren't allowed to sell hardware for bitcoins anymore ... but they can sell it for CNY ... but where they want to exchange so massive amounts of CNY in future if exchanges will be not allowed to take bank transfers? What the ... mess I would wait for an official statement before panicking. So far bitcoin is completely legal to use at your own risk in china. Only financial institutions are banned from dealing directly in bitcoins. So far the news about banning exchanges is simply a rumor and I don't expect it to become more than that. |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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December 16, 2013, 08:28:15 PM |
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Up now for me: AM1 at 2.5 AM100 at .0024.
would be nice if AM1 was for 2.5 BTC I am an optimistic person but I don't think that we will see this number again I just played with some mining numbers. If AM had 40 PH and the network stopped growing once it hit 200 PH then you could get 2.5 BTC per share based on a market that expects 30% yield per year in dividends However, we COULD see 2.5 BTC/share if the market changes its perspective about AM from a company that "probably won't exist in a year or two" to "a company that will probably still be pumping out mining hardware solutions for the next decade" The longer AM exists without disappearing/collapsing/suffering major scandals, the more the market will shift to the latter perspective, in which case getting a 5-10% yield (in BTC!!!) per year will seem like a super investment. In this case, 2.5 BTC / share seems possible (AM would still have to be doing very well for this to be the case). I do see the logic of your numbers, but we're so far away from 2.5 it's not even funny. I don't see that happening at the very least until Gen3 is already rolling out. Haha, well OF COURSE it wouldn't hit 2.5 until well after Gen3 rolls out... I see no problem if it takes a few years for AM shares to hit 2.5 btc/share |
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Jutarul
Donator
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Activity: 994
Merit: 1000
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December 16, 2013, 08:29:21 PM |
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Obviously, as long as they don't sell equipment anymore for BTC. Until BTC is completely outlawed. Oh my, the poor AM share price....
If they are under China's law (because that I am asking if they are) ... you're right that they aren't allowed to sell hardware for bitcoins anymore ... but they can sell it for CNY ... but where they want to exchange so massive amounts of CNY in future if exchanges will be not allowed to take bank transfers? What the ... mess principally, the franchise business model would completely bypass the regulation, since there is no purchase involved. It's more or less a hosting agreement which never involves any cash flow (since bitcoin is not considered currency). |
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velacreations
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December 16, 2013, 08:29:23 PM |
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The PBOC also said that merchants could no longer price their goods and services in bitcoin and couldn’t exchange their wares for bitcoin. do you have a link to the PBOC statement? |
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VTC
Member
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Activity: 84
Merit: 14
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December 16, 2013, 09:05:31 PM |
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Can someone tell me why friedcat is no longer processing AM transfers?
I would like to know as well. |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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December 16, 2013, 09:13:57 PM |
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Can someone tell me why friedcat is no longer processing AM transfers?
I would like to know as well. Where did you get this idea? He processed a lot of AM transfers last week... and he usually does it once a week... |
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DiabloD3
Legendary
Offline
Activity: 1162
Merit: 1000
DiabloMiner author
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December 16, 2013, 09:21:07 PM |
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Can someone tell me why friedcat is no longer processing AM transfers?
I would like to know as well. Where did you get this idea? He processed a lot of AM transfers last week... and he usually does it once a week... He has not responded to me in PM, I have several transfers that have not gone through for several weeks now. I don't know whats going on. |
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Voodah
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December 16, 2013, 09:26:31 PM |
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Obviously, as long as they don't sell equipment anymore for BTC. Until BTC is completely outlawed. Oh my, the poor AM share price....
If they are under China's law (because that I am asking if they are) ... you're right that they aren't allowed to sell hardware for bitcoins anymore ... but they can sell it for CNY ... but where they want to exchange so massive amounts of CNY in future if exchanges will be not allowed to take bank transfers? What the ... mess principally, the franchise business model would completely bypass the regulation, since there is no purchase involved. It's more or less a hosting agreement which never involves any cash flow (since bitcoin is not considered currency). Importing legally might prove not so easy. |
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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December 16, 2013, 09:26:50 PM |
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Can someone tell me why friedcat is no longer processing AM transfers?
I would like to know as well. Where did you get this idea? He processed a lot of AM transfers last week... and he usually does it once a week... He has not responded to me in PM, I have several transfers that have not gone through for several weeks now. I don't know whats going on. I corresponded with him by e-mail last week to clear up an AM share transfer. Everything worked out just fine... sorry to hear you are having trouble though. |
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