Look at a company like BASICmining, their share value reflected their current equipment without any kind of development of their own.
You don't look at it and say "Oh this won't be profitable a year from now!". Obviously every company is going to attempt to adapt, whether it be purchasing new equipment or making their own, but so far I have noticed that current hashrate is the dominating factor of share value.
I should have added one last assumption:
"The company continues to adapt to increasing difficulty through various means".
Same with ASICminer. You don't base your annual return projection on a constant hashrate for an entire year. You expect them to continue growing, but the current hashrate is all you can base the true value on as adaptations aren't as predictable.
In the end, the current dividends are what matters to people, and from there you can only make guesses on the miners ability to maintain this. 36% is incredible.
Topic: [ActiveMining] The Official Active Mining Discussion Thread - page 203. (Read 479475 times)
I did some simple math to figure out the Annual Return rate on dividends once we have 6TH/S up and running.
First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)
Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week
350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend
.000035BTC x 52 weeks = .00182BTC/share annual dividend total
.00182BTC/share anually is 36.4%
Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.
What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!
This is why I view the eASIC deal as ICING ON THE CAKE. We're not talking about your regular icing, though. We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.
This is one hell of a fucking cake, ladies and gentlemen.
First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)
Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week
350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend
.000035BTC x 52 weeks = .00182BTC/share annual dividend total
.00182BTC/share anually is 36.4%
Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.
What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!
This is why I view the eASIC deal as ICING ON THE CAKE. We're not talking about your regular icing, though. We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.
This is one hell of a fucking cake, ladies and gentlemen.
though I hold shares and bullish, above view is a bit simplistic. The diff when Avalon clones ready will likely be higher than 60 mil, in addition, the stated yield only holds if diff maintained at 60 mil for 52 weeks. Most of the value is from the eASIC project.
I did some simple math to figure out the Annual Return rate on dividends once we have 6TH/S up and running.
First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)
Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week
350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend
.000035BTC x 52 weeks = .00182BTC/share annual dividend total
.00182BTC/share anually is 36.4%
Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.
What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!
This is why I view the eASIC deal as ICING ON THE CAKE. We're not talking about your regular icing, though. We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.
This is one hell of a fucking cake, ladies and gentlemen.
First of all, lets make two assumptions in this scenerio:
.005 share price
Avalon clones are up and running in September
Difficulty doubles in 1 month from now (~60,000,000)
Ken would mine 50 BTC/day over a 24 hour period
or 350 BTC/week
350 BTC / 10,000,000 shares = .000035BTC / share weekly dividend
.000035BTC x 52 weeks = .00182BTC/share annual dividend total
.00182BTC/share anually is 36.4%
Okay, now that we have established 36.4% Annual Return, I'm going to describe why I fucking love this number.
36.4% annual return in bitcoin land is what we would expect from a company based on what they currently have, in this case it will be the Avalon clones about a month from now.
What I'm saying is that, even if this eASIC project were to be flushed down the shitter at this very moment, we could survive with a very healthy return on the Avalons alone!
This is why I view the eASIC deal as ICING ON THE CAKE. We're not talking about your regular icing, though. We're talking about 100 feet of thick creamy frosty icing with hundred dollar bills sticking out.
This is one hell of a fucking cake, ladies and gentlemen.
You have a great point! There are all sorts of bitcoin stocks on Bitfunder and the other exchanges and Ken has been one of the very few people issuing stock on any btc exchange who has made himself accessible and available by phone and on the #bitfunder Freenode IRC channel. His readiness to talk and availability is what made me feel confident about investing in AMC and then in Active Mining.
Make any accusation you want, but the guy HAS been available and accessible.
If he is too busy to spend 1 minute making an update here, then how could he possibly not be too busy to answer multiple peoples phone calls?
Who cares why, fact remains that he answers his phone calls and has spent A LOT of time talking to shareholders 1 on 1 including me. Any troll/shithead can come on here and swarm him with stupid questions, but he knows that when someone picks up the phone then they are serious and much more likely to hold a mature discussion.
Make any accusation you want, but the guy HAS been available and accessible.
Hatred sensing i am..
Relax everyone.. if you are so eager for an update just call Ken and ask him.. Ranting on this forum wont be getting you your shares.. correct??
Relax everyone.. if you are so eager for an update just call Ken and ask him.. Ranting on this forum wont be getting you your shares.. correct??
If he is too busy to spend 1 minute making an update here, then how could he possibly not be too busy to answer multiple peoples phone calls?
Who cares why, fact remains that he answers his phone calls and has spent A LOT of time talking to shareholders 1 on 1 including me. Any troll/shithead can come on here and swarm him with stupid questions, but he knows that when someone picks up the phone then they are serious and much more likely to hold a mature discussion.
You guys realize given Ken's most recent news this stock is massively undervalued, right?
Yay cheap shares!
Be nice to eachother, don't make me put up another 50k wall. 
In drug addict voice with knife in hand
I'll nom it I swear I'll nom on it XD
I AM the one who knocks
-- Walter White, Breaking Bad
Hehe touche
http://www.youtube.com/watch?v=OqkYr5uIreg
sig·nif·i·cant
important; of consequence.
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier.
If you want me to explain it like your five, just say so.
Oh my. It just keeps getting worse for you. No worries though, have a great day!
sig·nif·i·cant
important; of consequence.
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier.
If you want me to explain it like your five, just say so.
Be nice to eachother, don't make me put up another 50k wall.
In drug addict voice with knife in hand
I'll nom it I swear I'll nom on it XD
I AM the one who knocks
-- Walter White, Breaking Bad
Be nice to eachother, don't make me put up another 50k wall.
In drug addict voice with knife in hand
I'll nom it I swear I'll nom on it XD
Be nice to eachother, don't make me put up another 50k wall.
VE, I'll make you a deal: you transfer me 2289 ActM shares and I'll say 'thank you'
Fair?
Be nice to eachother, don't make me put up another 50k wall.
sig·nif·i·cant
important; of consequence.
important; of consequence.
Hm, it doesn't bode well for your credibility when you mistake me asking why you decide to use a certain qualifier, for the definition of that qualifier.
You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not?
I'd argue it implies progress, but how do you justify using "significant" as a qualifier?
sig·nif·i·cant
important; of consequence.
You guys realize given Ken's most recent news this stock is massively undervalued, right?
Depends on what you value:
- Current Hashrate (overvalued)
- Future Hashrate (undervalued)
A better way of phrasing the question is: Does Ken's news increase the value proposition of holding ActM?
Answer: yes, but I propose careful investors & potential investors are waiting for two specific things:
- An increase in Current Hashrate
- Press release from eASIC regarding partnership with Virtual Mining Corporation LLC (Hardware branch of ActiveMining)
Cheers ActiveMiners!
Big news is ahead for ActiveMining. The increased Bitcoin price is going to accelerate the rate at which the funds can be converted to pay for the NRE (and may even leave some extra to be reinvested). At this rate it's only a matter of days until the NRE is paid and eASIC posts a press release on their website for all to see. Then soon enough we will also have our avalon clones start hashing and get to 6TH/s in the next few weeks.
You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not?
More like very slight progress...he is doing as is expected.
You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not?
I'd argue it implies progress, but how do you justify using "significant" as a qualifier?
You guys realize given Ken's most recent news this stock is massively undervalued, right?
His update does imply significant progress, does it not?
You guys realize given Ken's most recent news this stock is massively undervalued, right?
Just out of curiosity, why do you believe it's undervalued? I'd love to agree with you, but I'm interested in what you're using to inform that position.
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