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lophie
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March 04, 2014, 06:55:00 AM |
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Nice wall on Havelock
My wall, Tired of bots and for me the difference in price is very small, I am holding long and stacking up. More to come ;P |
Will take me a while to climb up again, But where is a will, there is a way...
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Teodor
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March 04, 2014, 06:55:32 AM |
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However, the question that many people here (speculators and soon-to-be shareholders) are wondering:
Q: Is it more profitable to
1) just hold BTC
2) spend BTC to buy mining gear that is "ahead of the curve"
3) spend BTC to buy shares in mining company that develops and sells their own hardware
It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC.
My question goes farther... taking into consideration the difficulty of mining and other imprevisible factors, how long a company that sell hardware will make profit? It is worth to invest in it, as all these companies PREsell those miners and send them to you after they are already expired!? For example, paying for 2TH now and getting it in May or June is like killing yourself  What do you think? |
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lophie
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March 04, 2014, 06:58:02 AM |
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However, the question that many people here (speculators and soon-to-be shareholders) are wondering:
Q: Is it more profitable to
1) just hold BTC
2) spend BTC to buy mining gear that is "ahead of the curve"
3) spend BTC to buy shares in mining company that develops and sells their own hardware
It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC.
My question goes farther... taking into consideration the difficulty of mining and other imprevisible factors, how long a company that sell hardware will make profit? It is worth to invest in it, as all these companies PREsell those miners and send them to you after they are already expired!? For example, paying for 2TH now and getting it in May or June is like killing yourself What do you think? Hence ASICMINER policy of no pay up front before we bake 'em. |
Will take me a while to climb up again, But where is a will, there is a way...
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necro_nemesis
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March 04, 2014, 10:26:09 AM |
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TL;DR he is solid trustworthy
I don't think anyone here who has held shares would disagree but this isn't about that. IPO investors who entrusted him with 500 BTC (~$5000 at the time) for a board seat (5000 shares) are now millionaires, go back and read that for yourselves. However, the question that many people here (speculators and soon-to-be shareholders) are wondering: Q: Is it more profitable to 1) just hold BTC 2) spend BTC to buy mining gear that is "ahead of the curve" 3) spend BTC to buy shares in mining company that develops and sells their own hardware It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC. Conceptually I like option 3 but without regulation what protection is there in anything regarding BTC other than the currency itself? I'm sure FC is a stand up guy but what mechanism or condition is in place for investors to have any assurance they will see benefits from their investment should things really move in a positive manner? |
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eb3full
VIP
Full Member
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Activity: 198
Merit: 101
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March 04, 2014, 10:55:27 AM |
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Conceptually I like option 3 but without regulation what protection is there in anything regarding BTC other than the currency itself? I'm sure FC is a stand up guy but what mechanism or condition is in place for investors to have any assurance they will see benefits from their investment should things really move in a positive manner?
Things moved in a very positive manner last year (20% network hashrate) and friedcat dished out enormous dividends. |
"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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lophie
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March 04, 2014, 11:04:34 AM |
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TL;DR he is solid trustworthy
I don't think anyone here who has held shares would disagree but this isn't about that. IPO investors who entrusted him with 500 BTC (~$5000 at the time) for a board seat (5000 shares) are now millionaires, go back and read that for yourselves. However, the question that many people here (speculators and soon-to-be shareholders) are wondering: Q: Is it more profitable to 1) just hold BTC 2) spend BTC to buy mining gear that is "ahead of the curve" 3) spend BTC to buy shares in mining company that develops and sells their own hardware It is highly recommended that those who decide to partake in any of these options to do your research, or you will just give away your BTC. Conceptually I like option 3 but without regulation what protection is there in anything regarding BTC other than the currency itself? I'm sure FC is a stand up guy but what mechanism or condition is in place for investors to have any assurance they will see benefits from their investment should things really move in a positive manner? You must be new here, You see the amount of money people make in crypto is because the risks they take! You thought this was free money for nothing? Consider the IPO, I was there, I gave some guy in china with the pseudonym "Friedcat" thousands of dollars for a promise that he would make something that name like bASIC and Butterfly Labs were going for as well. Alot looked at me as stupid then as lucky and I keep telling them "I took a major risk, I freaking deserve every penny I made!" |
Will take me a while to climb up again, But where is a will, there is a way...
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necro_nemesis
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March 04, 2014, 11:19:16 AM |
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If it's a case of stock being valued primarily by it's mining dividend, how does it prosper from initially selling off most it's resources which do that?
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lophie
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March 04, 2014, 11:29:27 AM |
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If it's a case of stock being valued primarily by it's mining dividend, how does it prosper from initially selling off most it's resources which do that?
 ?? ASICMINER always does the opposite. The drastic decline started even before competition. When ASICMINEr started to hold funds to invest in Gen3 instead of giving them out as divs. |
Will take me a while to climb up again, But where is a will, there is a way...
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necro_nemesis
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March 04, 2014, 12:11:13 PM |
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Investment looks at future earnings potential not past. Through what mechanism will that R&D benefit the shareholders if profits continue to be plowed back into more R&D. At some point you have to acquire a profit.
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lophie
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March 04, 2014, 12:49:18 PM |
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Investment looks at future earnings potential not past. Through what mechanism will that R&D benefit the shareholders if profits continue to be plowed back into more R&D. At some point you have to acquire a profit.
Nope, The past is always the key. How else you can anticipate future earnings? The past will tell you what to anticipate more correctly. If you are a true investor a profit is not the issue, it is how high it is! |
Will take me a while to climb up again, But where is a will, there is a way...
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101111
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March 04, 2014, 01:16:25 PM |
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yokione
Newbie
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Activity: 8
Merit: 0
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March 04, 2014, 01:54:46 PM |
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Hi guys. I'm new here.
I have some shares of AM accumulated on 796 Exchange and had them transferred to the direct share several days before. But I haven't got any reply from Friedcat to confirm the transfer. Is there any convenient way to check whether the transfer has been success or not?
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minerpumpkin
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March 04, 2014, 02:08:15 PM |
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Hi guys. I'm new here.
I have some shares of AM accumulated on 796 Exchange and had them transferred to the direct share several days before. But I haven't got any reply from Friedcat to confirm the transfer. Is there any convenient way to check whether the transfer has been success or not?
Transfers are done every wednesday. Did you issue the request prior to last wednesday? Otherwise wait for tomorrows dividends, your request should be fulfilled by then. |
I should have gotten into Bitcoin back in 1992...
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yokione
Newbie
Offline
Activity: 8
Merit: 0
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March 04, 2014, 02:27:48 PM |
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Hi guys. I'm new here.
I have some shares of AM accumulated on 796 Exchange and had them transferred to the direct share several days before. But I haven't got any reply from Friedcat to confirm the transfer. Is there any convenient way to check whether the transfer has been success or not?
Transfers are done every wednesday. Did you issue the request prior to last wednesday? Otherwise wait for tomorrows dividends, your request should be fulfilled by then. Thank you! I issued the request after last Wednesday. Will I miss tomorrow's dividends? |
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Xu
Newbie
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Activity: 26
Merit: 0
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March 04, 2014, 02:35:04 PM |
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Hey, we found another block over night. Dividends are going to be comparatively great this week!
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bitcoin.newsfeed
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March 04, 2014, 09:43:37 PM |
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@^ ... 1 block in 5days ... sure, "its happening" "no chance for variance"  we don't even know if tape out was successful, keep real and wait for update |
... Question Everything, Believe Nothing ...
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jimmothy
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March 05, 2014, 12:11:19 AM |
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@^ ... 1 block in 5days ... sure, "its happening" "no chance for variance" we don't even know if tape out was successful, keep real and wait for update Don't worry gen3 chips have not been rolled out yet. We will know once AM is averaging 5+ blocks a day. |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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March 05, 2014, 12:32:41 AM |
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@^ ... 1 block in 5days ... sure, "its happening" "no chance for variance" we don't even know if tape out was successful, keep real and wait for update Don't worry gen3 chips have not been rolled out yet. We will know once AM is averaging 5+ blocks a day. i was just sharing my enthusiasm..  |
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