ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1005.

joele

legendary

Activity: 1022

Merit: 1000

Quote from: Eric Muyser on June 09, 2013, 10:00:05 AM

Quote from: joele on June 09, 2013, 09:57:47 AM

Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.

Nice site btw:

Quote

How

Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453

lol

lol, never updated yet, I will remove that section, it was old codes when mtgox was always higher to btc-e, it will be replaced next week with btc/ltc arbitrage prices

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: joele on June 09, 2013, 09:57:47 AM

Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week. went panic to some investors.

Nice site btw:

Quote

How

Buy at least 1 Bitcoin @ $94.602 USD rate at BTC-E.com
Withdraw 1 BTC from BTC-E.com and transfer to MtGox.com address, with 0.01 BTC fee
Once transferred, sell 0.99 BTC @ $92.99999 USD rate from MtGox.com
Withdraw $92.070 to MTGox USD Coupon
Transfer MtGox Coupon to BTC-e.com via BitInstant.com with 1% fee
Earn a profit of $-3.453

lol

joele

legendary

Activity: 1022

Merit: 1000

Dropped of bitcoin price, AM paying the maintenance bills in fiat money, so it need more bitcoins, therefore less dividend next week, went panic to some investors.

elefter

member

Activity: 67

Merit: 10

Quote from: bobboooiie on June 09, 2013, 09:42:23 AM

Well people probably had too much invested into BTC and AM so ther are panic selling parts of their holdings as BTC was falling rapidly today

Yes that why i dont put any more than i can loose in these things ..Seen enough of these panic sales not to panic anymore...

bobboooiie

hero member

Activity: 656

Merit: 500

Well people probably had too much invested into BTC and AM so ther are panic selling parts of their holdings as BTC was falling rapidly today

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: elefter on June 09, 2013, 09:37:59 AM

Quote from: Eric Muyser on June 09, 2013, 09:36:07 AM

Quote from: velacreations on June 09, 2013, 09:18:22 AM

100 shares on BF for 2.3? Are people crazy? wtf?

Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit.

bought all i could.. price on the rise now again...

Me too but if we test $85 then expect to drool at a 2btc AM share.

elefter

member

Activity: 67

Merit: 10

Quote from: Eric Muyser on June 09, 2013, 09:36:07 AM

Quote from: velacreations on June 09, 2013, 09:18:22 AM

100 shares on BF for 2.3? Are people crazy? wtf?

Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit.

bought all i could.. price on the rise now again...

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: velacreations on June 09, 2013, 09:18:22 AM

100 shares on BF for 2.3? Are people crazy? wtf?

Look at all the stocks and most have only taken a 10% hit tops, but AM is where most people have their money that they wanna get out so it's taken the largest undeserved hit.

velacreations

sr. member

Activity: 476

Merit: 250

100 shares on BF for 2.3? Are people crazy? wtf?

Transisto

donator

Activity: 1731

Merit: 1008

What's the roadmap to increasing the hashrate ?

Current hashrate is now less than 30%, more like 20%.

Lohoris

hero member

Activity: 630

Merit: 500

Bitgoblin

Quote from: stripykitteh on June 09, 2013, 08:16:22 AM

Quote from: Lohoris on June 09, 2013, 03:53:59 AM

No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.

I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up.

Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices?

I see your point, and while it does make sense, I don't think it weights so much.

I guess that this kind of "market" would auto-adjust, and if the price of BTC would go up too much, people who wanted to spend less would just either buy a minor product (i.e. USB miner) or buy shares such as PTs or virtual mines.

So, yes, sales could be slightly affected by such a thing, but not as much as someone might imagine.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: stripykitteh on June 09, 2013, 08:16:22 AM

Quote from: Lohoris on June 09, 2013, 03:53:59 AM

Quote from: stripykitteh on June 09, 2013, 03:28:52 AM

Quote from: Lohoris on June 09, 2013, 03:22:45 AM

Quote from: stripykitteh on June 09, 2013, 03:19:29 AM

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?

They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.

No, if you are long on btc it's clearly a bargain.

No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.

I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up.

Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices?

No affect on the demand of BLADE...as long as the return of BLADE maintaining the same level.
only things will affect is who buys the BLADE ,and how to buy the BLADE.
if a BLADE cost $49990 ,its return remains the same, then its potential buyers will switch to rich one ,or group buy.

stripykitteh

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Lohoris on June 09, 2013, 03:53:59 AM

Quote from: stripykitteh on June 09, 2013, 03:28:52 AM

Quote from: Lohoris on June 09, 2013, 03:22:45 AM

Quote from: stripykitteh on June 09, 2013, 03:19:29 AM

Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?

They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here.

No, if you are long on btc it's clearly a bargain.

No, that's exactly like just buying BTC and not spending them.

If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.

I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up.

Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices?

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

I like how TAT.ASICMINER is pretty much holding up.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: bobboooiie on June 09, 2013, 08:05:41 AM

Quote from: lophie on June 09, 2013, 07:54:28 AM

Lophie is back again with the weird connections and questions. Grin

Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_BTC?

Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit

I rest my case

bobboooiie

hero member

Activity: 656

Merit: 500

Quote from: lophie on June 09, 2013, 07:54:28 AM

Lophie is back again with the weird connections and questions. Grin

Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_BTC?

Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Lophie is back again with the weird connections and questions. Grin

Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_BTC?

Transisto

donator

Activity: 1731

Merit: 1008

Quote from: joele on June 09, 2013, 06:43:02 AM

Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price

Price is the same on both exchanges 2.3 vs 2.315

If it's not, someone will grab a profit to make sure it is.

joele

legendary

Activity: 1022

Merit: 1000

Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price

freedomno1

legendary

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Learning the troll avoidance button :)

Quote from: Fabrizio89 on June 09, 2013, 05:50:39 AM

The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/

Wonder if the market is going the right way and going to be a busy day from a trading view
And you'll succeed Fab I believe in you

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1005. (Read 3917058 times)