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jimmothy
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March 27, 2014, 11:07:10 PM |
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In the next round of shareholder questions, I would like to ask how the crackdown on Chinese exchanges will affect the operation. I imagine the lack of Chinese exchanges would be an impediment to moving in/out of BTC/fiat that might complicate the operation.
And also, does the crackdown mean increased business risk for AM/Bitfountain? What is the risk, for instance, that an overzealous bank closes or freezes AM bank accounts?
The last 5 times china "banned" bitcoin seem to have had no effect on AM why will it this time? |
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antirack
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March 28, 2014, 02:19:24 AM |
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Their wavers are not made in China as far as I know, so they don't need the money in China. Also, Hong Kong is not China. It' the freest economy in the world. it's an off-shore tax haven, it's where Chinese and businesses around the world keep their money save from their own government (seemingly, lol). Hong Kong retains top spot of world's freest economy http://www.bbc.co.uk/news/business-16523643Hong Kong Bitcoin Exchange: https://anxbtc.com/ |
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conspirosphere.tk
Legendary
 Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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March 28, 2014, 08:32:51 AM |
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so no dividends this week?
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KS
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March 28, 2014, 08:35:45 AM |
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Not yet at least.
But it's kind of expected, what with the actual chips supposed to arrive today.
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necro_nemesis
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March 28, 2014, 10:28:06 AM |
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May be premature for news but technically they may have had a day testing. GMT+8.
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minerpumpkin
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March 28, 2014, 11:23:57 AM |
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Once again: We don't know whether the chips are leaving the plant or are arriving at AM today. They may still be in transit to AM during the days ahead.
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I should have gotten into Bitcoin back in 1992...
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KS
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March 28, 2014, 12:26:31 PM |
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Once again: We don't know whether the chips are leaving the plant or are arriving at AM today. They may still be in transit to AM during the days ahead.
arf...FC said the packaged chips will be out on March 28. Whatever that means exactly is anyone's guess. |
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necro_nemesis
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March 28, 2014, 12:47:56 PM |
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HK is like Vegas; it never sleeps, so it could mean they show up at 23:59 and testing starts a 00:01. Just don't try and get anything done around New Year.
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KS
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March 28, 2014, 01:02:16 PM |
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HK is like Vegas; it never sleeps, so it could mean they show up at 23:59 and testing starts a 00:01. Just don't try and get anything done around New Year.
They pack all their vacations in one go. More efficient.  |
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bitfair
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March 28, 2014, 05:48:13 PM |
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The last 5 times china "banned" bitcoin seem to have had no effect on AM why will it this time?
I don't believe the gradual restrictions on BTC in China has had "no effect" on AM - if nothing else, at least through the exchange rate and the size of the potential market for chips. It's no secret that it's getting gradually harder for bitcoin businesses in China, and it would be unwise to ignore potential regulatory threats. Their wavers are not made in China as far as I know, so they don't need the money in China. Also, Hong Kong is not China. It' the freest economy in the world. it's an off-shore tax haven, it's where Chinese and businesses around the world keep their money save from their own government (seemingly, lol). Hong Kong retains top spot of world's freest economy http://www.bbc.co.uk/news/business-16523643Hong Kong Bitcoin Exchange: https://anxbtc.com/Bitfountain is, as far as I know, incorporated in Shenzhen and not in Hong Kong. So unless they have moved, they are still subject to the normal Chinese regulations. I'm not spreading FUD here, I would just like to know if it is creating any complications for AM's operation (and, if so, how it will be addressed). |
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necro_nemesis
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March 28, 2014, 09:55:09 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong.  |
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minerpumpkin
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March 28, 2014, 10:42:44 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! |
I should have gotten into Bitcoin back in 1992...
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aahzmundus
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March 28, 2014, 10:50:20 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... |
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necro_nemesis
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March 28, 2014, 10:50:56 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! To make the trek this far and not take the hill is just.... weak. |
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KS
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March 28, 2014, 11:36:39 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... Last news was on 23rd, not a long time ago by his standards. |
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minerpumpkin
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March 28, 2014, 11:38:37 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... I'm all for more communication and news, but I wouldn't have expected some today! Friedcat said the chips will be 'out' on friday. In my books this means they'd be leaving the plant. The earliest date for AM to receive them would be saturday. Do they deliver on sunday? Maybe they'll receive them on monday. And they still need to be tested. If everything's set up they could do this within hours, maybe. But they'll want to make sure all specifications are correct and advertise the actual performance of the physical chips. These days are unsettling, yes, but there's no reason to panic (yet). If there's no announcement after wednesday, I'll get nervous. And divs... Well yeah, 1 block and some dust. The fees would swallow all of the transacted BTCs...   |
I should have gotten into Bitcoin back in 1992...
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vortex1878
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March 28, 2014, 11:41:12 PM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... Last news was on 23rd, not a long time ago by his standards. Considering the commitment to pay a weekly dividend and the fact that this has been defaulted on without any announcement - it is a very long time by any standards. |
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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March 29, 2014, 12:26:30 AM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... Last news was on 23rd, not a long time ago by his standards. Considering the commitment to pay a weekly dividend and the fact that this has been defaulted on without any announcement - it is a very long time by any standards. There weren't any meaningful bitcoins to distribute. |
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vortex1878
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March 29, 2014, 12:31:22 AM |
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Looks like a handful of skeptics are voting with their shares. Common FC prove them wrong. Blasphemy! I guess they've decided they're not ready for the sweet life FC will bring. Prepare the shirts and celebration photos! Even I am starting to panic... No divs and no news? Not good... Last news was on 23rd, not a long time ago by his standards. Considering the commitment to pay a weekly dividend and the fact that this has been defaulted on without any announcement - it is a very long time by any standards. There weren't any meaningful bitcoins to distribute. Oh really?! I takes one minute to log into the forum and post sth. like "Due to peanuts in revenues we will not pay a dividend this week but will include all dues with the next dividend." And please not the next comment: "But friedcat is probably busy with XYZ..." |
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jimmothy
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March 29, 2014, 12:33:31 AM |
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There weren't any meaningful bitcoins to distribute.
To add to that I think we are just about mining what we pay in electricity. Assuming 1MW for both datacenters at $0.15/kwh means $25,000 in electricity alone so we need 2 blocks a week to break even. |
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