Topic: 696 ASICMINER shares for auction - page 5. (Read 7462 times)
looks like editing is disabled.. ignore the draft version.
I must have missed something here. My analysis is:
...
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
...
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
Be careful with normalizing against USD values. At the time both ventures started the ratio was more like 1BTC@10USD. Thus an Avalon unit had the equivalent cost of 130 BTC, or about 2600 USD now.
Thus: 50 / 460 BTC / share = 0.11 BTC / share
Also, the cost for the increase in mining operations by the proposed factor 6 is included in the share price. So you're looking at up to 300 MH/s / share, which bumps the equivalent price to about 0.5 - 0.8 BTC / share.
I'd say 0.2 BTC / share is a bargain. 0.3 BTC / share is a good price.
But please do your own price discovery
Interestingly, with the Avalon-2 unit priced at $1500 and the BTC price shooting up to $20, the Avalon-2 unit has an equivalent BTC price of 75 BTC. What we see here is deflation at its finest: When looking at it from the BTC perspective, prices for hashpower decreased significantly. This means an Avalon-1 unit has to "make up" for a 55 BTC LOSS against the Avalon-2 unit.
I must have missed something here. My analysis is:
...
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
...
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
Be careful with normalizing against USD values. At the time both ventures started the ratio was more like 1BTC@10USD. Thus an Avalon unit had the equivalent cost of 150 BTC, or about 3000 USD now.
Thus: 50 / 400 BTC / share = 0.125 BTC / share
Also, the cost for the increase in mining operations by the proposed factor 6 is included in the share price. So you're looking at up to 300 MH/s / share, which bumps the equivalent price to about 0.5 - 0.8 BTC / share.
I'd say 0.2 BTC / share is a bargain. 0.3 BTC / share is a good price.
But please do your own price discovery
No worries. Just having some fun, as usual. 
Sorry for the double post. I don't even how that happened.
Sorry for the double post. I don't even how that happened.
Sorry icebreaker, I copied a line and forgot to change the amount to 25. But yeah, not being able to edit is a bit annoying. It's not in the current qualifying bids anyway.
...
This is 696/400 000 shares of ASICMINER or 0.174% (200 000 sold for funding, 200 000 kept by company)
Info about these shares:
- 10 to 12 TH total planned in early february to mine for shareholders
- 6x increase planned in a second batch
- Further expansion possible
- Share of profit from sale of units
- Ownership of an ASIC manufacter, long-term potential
...
See the full thread: https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
This is 696/400 000 shares of ASICMINER or 0.174% (200 000 sold for funding, 200 000 kept by company)
Info about these shares:
- 10 to 12 TH total planned in early february to mine for shareholders
- 6x increase planned in a second batch
- Further expansion possible
- Share of profit from sale of units
- Ownership of an ASIC manufacter, long-term potential
...
See the full thread: https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
I must have missed something here. My analysis is:
The Avalon-2 is about (60 GH/s) / $1,500 --> 40 MH/s/$
This offer is (10TH/s) / (200,000 shareholder_shares) --> 50 MH/s/shareholder_share
On the basis of MH/s being equal, and neglecting things that make it not really so:
40 / $ = 50 / shareholder_share --> 50/40 $/shareholder_share
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
You fail to realize in your calculations that:
(0) This is equity, not a mining bond. That means that our hashrate will perpetually be increasing and we even get income from sales.
(1) Having terahashes now counts. You can't really buy an Avalon-2 shipping in February. Even if you could, the market price would be higher than Avalon is charging. This is just like last year where mining bonds spiked up in price to a reasonable P/E ratio, rather than sitting at their hardware's preorder-value.
Yes, this makes this 4.3 times that amount. In fact, it makes it many more times that amount, as shown in the other NYAN auction where people paid 0.45 BTC per share.
...
This is 696/400 000 shares of ASICMINER or 0.174% (200 000 sold for funding, 200 000 kept by company)
Info about these shares:
- 10 to 12 TH total planned in early february to mine for shareholders
- 6x increase planned in a second batch
- Further expansion possible
- Share of profit from sale of units
- Ownership of an ASIC manufacter, long-term potential
...
See the full thread: https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
This is 696/400 000 shares of ASICMINER or 0.174% (200 000 sold for funding, 200 000 kept by company)
Info about these shares:
- 10 to 12 TH total planned in early february to mine for shareholders
- 6x increase planned in a second batch
- Further expansion possible
- Share of profit from sale of units
- Ownership of an ASIC manufacter, long-term potential
...
See the full thread: https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
I must have missed something here. My analysis is:
The Avalon-2 is about (60 GH/s) / $1,500 --> 40 MH/s/$
This offer is (10TH/s) / (200,000 shareholder_shares) --> 50 MH/s/shareholder_share
On the basis of MH/s being equal, and neglecting things that make it not really so:
40 / $ = 50 / shareholder_share --> 50/40 $/shareholder_share
50/40 $/shareholder_share * 1 BTC / $20 --> 0.0625 BTC / shareholder_share
People are bidding 4.3 times this amount. Why?
What??? I ain't bid .26 for no 696 shares! More like 25 shares.
Guess being a high roller gives people the wrong idea, like I just throw BTC around like confetti.
This auction is going well, it has plenty of competing bids.
Maybe I should make a thread for competing offers?
I hear DeadTerra has some ASICMINER he'd like to liquidate andale pronto...if not imma snipe this mofo.
Guess being a high roller gives people the wrong idea, like I just throw BTC around like confetti.
This auction is going well, it has plenty of competing bids.
Maybe I should make a thread for competing offers?
I hear DeadTerra has some ASICMINER he'd like to liquidate andale pronto...if not imma snipe this mofo.
What??? I ain't bid .26 for no 696 shares! More like 25 shares.
Guess being a high roller gives people the wrong idea, that I just throw BTC around like confetti.
This auction is going well, it has plenty of competing bids.
Maybe I should make a thread for competing offers?
I hear DeadTerra has some ASICMINER he'd like to liquidate andale pronto...if not imma snipe this mofo.
Guess being a high roller gives people the wrong idea, that I just throw BTC around like confetti.
This auction is going well, it has plenty of competing bids.
Maybe I should make a thread for competing offers?
I hear DeadTerra has some ASICMINER he'd like to liquidate andale pronto...if not imma snipe this mofo.
I forgot the end date. 7 days from the auction start, auction extends for 24h after the last bid.
25 @ 0.27
When does this auction end?
When does this auction end?
671 @ .26
25 @ .26
696 @ 0.25
......................
25 @ 0.25
I guess this was pretty cheap...
Ahem, "current winners" table, the auction is not completed. It's just to keep track of current highest bidders. I'll have to rewrite that table title on my next post.
I guess this was pretty cheap...
| ---------WINNER--------- | --Amount-- | --Price/Share-- |
| iCEBREAKER25 | 25 | 0.21 |
| BLFC Jordan | 671 | 0.20 |
| ----------------------------- | ------------ | ---------------- |
| ----OUTBID---- | ||
| HorseRider | 696 | 0.185 |
| dadj | 696 | 0.15 |
| arij | 50 | 0.11 |
| mb300sd | 696 | 0.10 |
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