aahzmundus
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June 23, 2014, 03:36:26 PM |
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The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset... I would love if they got rid of the 5% fee AND let you freely convert...
Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.
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Blazed
Casascius Addict
Legendary
Offline
Activity: 2128
Merit: 1119
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June 23, 2014, 03:44:25 PM |
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My buy order for AM1 for ฿0.19205408 just executed, what do you think? Hard to say how it will do... good luck though!
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havelock
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June 23, 2014, 03:51:48 PM |
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The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset... I would love if they got rid of the 5% fee AND let you freely convert...
Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.
That may be a good idea!
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Lincoln6Echo
Legendary
Offline
Activity: 2461
Merit: 1058
Don't use bitcoin.de if you care about privacy!
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June 23, 2014, 03:56:41 PM |
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The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset... I would love if they got rid of the 5% fee AND let you freely convert...
Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.
+1 This is a very good idea!
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Kyune
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June 23, 2014, 04:01:47 PM |
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Is there a place to find historical price data on Asicminer shares older than its listing on Havelock, for example, old btct.co data or even forum auction trades? Has that been charted or graphed anywhere?
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BTC: 1K4VpdQXQhgmTmq68rbWhybvoRcyNHKyVP
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KarmaShark
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June 23, 2014, 04:03:16 PM |
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The only time Havelock mentions being able to convert AM100 is upon dissolution of the asset... I would love if they got rid of the 5% fee AND let you freely convert...
Hell, they should just remove AM1, convert them all into AM100, and remove the fee and be done with it... there really is not the liquidity to support both.
That may be a good idea! This has my full support. The environment in which both AM1 and AM100 thrived has now changed over the past year. Having one dedicated investment vehicle for this makes sense, and with the rising value of BTC in fiat terms, I see AM100 as that vehicle.
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minerpumpkin
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June 23, 2014, 04:12:02 PM |
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Is there a place to find historical price data on Asicminer shares older than its listing on Havelock, for example, old btct.co data or even forum auction trades? Has that been charted or graphed anywhere?
You really don't want to see those data
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I should have gotten into Bitcoin back in 1992...
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aahzmundus
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June 23, 2014, 04:13:43 PM |
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What I had a good idea? Something must be wrong here...
But in all seriousness, the more I think about it the more I like it. I can see no reason to not go through with this change. The only people it would hurt would be people that play arbitrage between the two assets (which I do from time to time), but those people are not really doing useful work... they are just taking advantage of a bad setup.
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chairforce1
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June 23, 2014, 05:51:07 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM?
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Death is nothing to us, since when we are, death has not come, and when death has come, we are not. #yolo
-Epicuru$
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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June 23, 2014, 06:02:49 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? It would be a shame if after all the months we've been looking at these immersion cooling setups if they just decided to go elsewhere for chips.
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bitcoin.newsfeed
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June 23, 2014, 06:05:29 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now.
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... Question Everything, Believe Nothing ...
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KS
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June 23, 2014, 06:12:57 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now. FTFY. This might prove an important distinction.
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raskul
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June 23, 2014, 06:13:39 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now. free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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minerpumpkin
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June 23, 2014, 06:15:18 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now. free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever. Franchised mining
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I should have gotten into Bitcoin back in 1992...
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mc_lovin
Legendary
Offline
Activity: 1190
Merit: 1000
www.bitcointrading.com
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June 23, 2014, 06:18:54 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now. free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever. Franchised mining True! Also it could be BTC Garden, Rockminer, etc.. Some other AM-party.
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raskul
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June 23, 2014, 06:19:13 PM |
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Progress Update 23 Jun 2014:
Here is a first progress update since the original announcement of DataTank Mining • We are in discussion with a manufacturer to provide ASIC hardware in return for DataTank capacity. This is an unexpected turn of events, but it may prove to be a very important development...
Is this bad for AM? If that ASIC manufacturer is AM, then its good, since FC is swimming in chips right now. free chips for an immersion mine. I .. can't see the business benefits in this, whatsoever. Franchised mining can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid. whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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minerpumpkin
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June 23, 2014, 06:26:08 PM |
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Franchised mining
can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid. whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange. It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income).
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I should have gotten into Bitcoin back in 1992...
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bitcoin.newsfeed
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June 23, 2014, 06:27:35 PM |
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as we don't have official PR guy, we can speculate like always : *Maybe* FC has hard times to sell these 60Ph of chips and DataTank has hard times to get money together for buying chips. Perfect match
Also DataTank is talking about DataTank capacity, so it could be just hosted AM farm in DataTank facility.
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... Question Everything, Believe Nothing ...
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minerpumpkin
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June 23, 2014, 06:30:01 PM |
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According to the wording I guess it's merely the actual producer of the board/blades/whatever. But this is pure speculation, like always around here .
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I should have gotten into Bitcoin back in 1992...
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raskul
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June 23, 2014, 06:31:19 PM |
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Franchised mining
can you elaborate? I also don't see a franchise in it - I franchise out a portion of one of my businesses, on the basis that the business name draws more business towards the franchise, for this, my franchisee pays me a franchise fee once every ten years - for it to be a franchise, I get paid - albeit payments for the franchising of my business are far and wide, but.. i get paid. whoever are supplying the chips, are not getting paid, so - this is what you see as a franchise? strange. It could be the old 80/20 franchised mining model AM did in the past. AM has a lot of chips, they can produce very cheaply. If they provide a certain amount of chips or blades to DataTank for free, they could receive e.g. a certain amount of hashing power from them (mining income). this would certainly make some sense, for DataTank - since they would be getting chips at a next-to-nothing cost. Can't see it as a very beneficial endeavour for AM, however; that times have certainly changed and the network isn't as easily permeable as it used to be. Tough times for us all, indeed.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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