Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1084. (Read 3917543 times)
Havelock is getting closer to a board seat, doing quite well today, hope to see 5000+ full shares sold, itll even be more profitable with their own blade
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
I think everyone who responded was pretty nice to you, and we get called names in return. OK
Maybe I got carried away because I got just a few shares and a very small *****. Sorry. Peace.
It's fine to have lively discussions. We are all learning. It's part of the process.
FYI. Real companies registered with SEC, are required to file 10K and 10Q reports. It's the annual and quarterly reports respectively. It's unusual to have weekly or even monthly updates. With that said, there has to be an optimal update frequency because Bitcoin economy is like the unexplored territory. Taking time away from manufacturing products or mining doesn't generate revenue. However, without knowing the overall financial status can make it difficult to make strategic decisions internally (for Friedcat) and externally (for share holders). It's a delicate balancing act.
And for the record, if you want more info, you are looking for a board seat. That's 5000 shares (roughly one million USD).
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
Ok, I will do the heavy math for you
21.000.000 btc - 11.000.000 btc = 10 more millions to mine. (total coins minus already mined coins).
10.000.000 btc / 400.000 pcs = 25 BTC per share (if we mine 100% of it).
So, number of coins yet to be mined per share is:
2.5 btc if we maintain 10%
6.25 btc if we maintain 25%
12.50 btc if we hit 50%
25 btc if we somehow hit 100%
+ profit from hardware and technology
+ transaction fees
+ namecoin sales
I also believe that data center with cheap power will be worth something eventually.
yeah friedcat is never going near 50% though, I think 40-45% will be his cutoff
+ profit from hardware and technology
+ transaction fees
+ namecoin sales
I also believe that data center with cheap power will be worth something eventually.
What about tx fees? We do earn the fees... don't we?
And what about all those Blades and ASIC USBs for sale - we do earn on them, don't we?
+ profit from hardware and technology <= yes, we do earn on selling them.
+ transaction fees <= yes, we do earn these as well.
So, number of coins yet to be mined per share is:
2.5 btc if we maintain 10%
6.25 btc if we maintain 25%
12.50 btc if we hit 50%
25 btc if we somehow hit 100%
+ profit from hardware and technology
+ transaction fees
+ namecoin sales
I also believe that data center with cheap power will be worth something eventually.
The amount of BTC already mined has nothing to do with the value of ASICMINER. It only determines the supply of BTC that could possibly be spent to buy shares. The value of ASICMINER is in how much BTC can still be earned, which is less than 11 million BTC.
What about tx fees? We do earn the fees... don't we?
And what about all those Blades and ASIC USBs for sale - we do earn on them, don't we?
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
Ok, I will do the heavy math for you
21.000.000 btc - 11.000.000 btc = 10 more millions to mine. (total coins minus already mined coins).
10.000.000 btc / 400.000 pcs = 25 BTC per share (if we mine 100% of it).
So, number of coins yet to be mined per share is:
2.5 btc if we maintain 10%
6.25 btc if we maintain 25%
12.50 btc if we hit 50%
25 btc if we somehow hit 100%
+ profit from hardware and technology
+ transaction fees
+ namecoin sales
I also believe that data center with cheap power will be worth something eventually.
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
AM's hashrate is 20-25% of network. More than 50% of BTC has been already mined... therefore, 12% valuation seems right to me.
I considered that, doesn't their upcoming hardware additions move them closer to 33%
The amount of BTC already mined has nothing to do with the value of ASICMINER. It only determines the supply of BTC that could possibly be spent to buy shares. The value of ASICMINER is in how much BTC can still be earned, which is less than 11 million BTC.
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
AM's hashrate is 20-25% of network. More than 50% of BTC has been already mined... therefore, 12% valuation seems right to me.
I considered that, doesn't their upcoming hardware additions move them closer to 33%
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
feel free to repost, and discuss this pricing analysis.
AM's hashrate is 20-25% of network. More than 50% of BTC has been already mined... therefore, 12% valuation seems right to me.
ASICMiner market cap =
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
BTC 864,000 (@ btc 2.16/share)
$105,408,000 (@ $122 btc/usd)
Yet bitcoin's market cap =
11,175,575 (bitcoins mined)
$1,363,420,150 (@ $122 btc/usd)
and ASICMiner =
33% of total hash rate
yet ASICMiner currently trades at =
12% of of bitcoin market cap
without issuing dividends ASICMiner should trade at =
33% of bitcoin market cap
this puts the share price at =
BTC 5.94
and this represents a =
275% price increase from today's prices
ASICMiner does issue dividends making the shares more attractive than holding bitcoins and would logically trade at a premium to its network value (the % it contributes to the bitcoin network)
ASICMiner shares are very cheap.
Disclaimer: stslimited is long ASICMiner.
feel free to repost, and discuss this pricing analysis.
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
I think everyone who responded was pretty nice to you, and we get called names in return. OK
Maybe I got carried away because I got just a few shares and a very small *****. Sorry. Peace.
It's fine to have lively discussions. We are all learning. It's part of the process.
FYI. Real companies registered with SEC, are required to file 10K and 10Q reports. It's the annual and quarterly reports respectively. It's unusual to have weekly or even monthly updates. With that said, there has to be an optimal update frequency because Bitcoin economy is like the unexplored territory. Taking time away from manufacturing products or mining doesn't generate revenue. However, without knowing the overall financial status can make it difficult to make strategic decisions internally (for Friedcat) and externally (for share holders). It's a delicate balancing act.
Exactly. You would need complementary securities to diversify. Current reality is, there is none. Try putting your BTC in these other mining bonds or whatever. You could either just invest them in lollipops.
The closest thing I have seen is on BTC-TC. These are the call and put options on BTC-TC for ASICMiner-pt shares.
To create this particular synthetic security (complementary security to ASICMiner share) requires shorting a covered call and long a protective put stock option. Unfortunately, these options are not priced correctly at this moment.
Exactly. You would need complementary securities to diversify. Current reality is, there is none. Try putting your BTC in these other mining bonds or whatever. You could either just invest them in lollipops.
The closest thing I have seen is on BTC-TC. These are the call and put options on BTC-TC for ASICMiner-pt shares.
To create this particular synthetic security (complementary security to ASICMiner share) requires shorting a covered call and long a protective put stock option. Unfortunately, these options are not priced correctly at this moment.
"Diversification is a protection for ignorance, It makes very little sense for those who know what they're doing." - Warren Buffet
Don't know if this is Warren Buffet supporting the idea of diversification, or sarcasm. Let's take a look at what Warren has as of Dec 21, 2012.
1.) Wells Fargo & Co ........ financial
2.) Coca Cola Co .... consumer
3.) International Business Machines .... tech company
4.) American Express Co .... financial
5.) Procter & Gamble Co .... consumer goods
6.) Wal Mart Stores Inc .... department stores
7.) U S Bancorp Del ... financial
8.) Directv ... cable tv service
9.) Davita Inc ... health care
10.) Phillips 66 ... oil and gas
11) KFT ... food
12) INTC .... tech
13) Viacom ... cable tv service
14) Ingersol Rand ... industrial goods
15) National Oil Well Varco ... oil and gas
16) Johnson and Johnson ... drug
etc.
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
I think everyone who responded was pretty nice to you, and we get called names in return. OK
Maybe I got carried away because I got just a few shares and a very small *****. Sorry. Peace.
It's cool brah. Congrats on your purchase.
If you're interested in the strategy, have you seen this?
https://bitcointalksearch.org/topic/price-of-asicminer-stock-once-it-starts-trading-138443
Notice the dates. Might make you feel better about what's happening at the moment.
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
I think everyone who responded was pretty nice to you, and we get called names in return. OK
Maybe I got carried away because I got just a few shares and a very small *****. Sorry. Peace.
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
I think everyone who responded was pretty nice to you, and we get called names in return. OK
I really do not understand how you think a two-liner is sufficient as a weekly update.
Also I do not understand how other shareholders shut up all the time, and do not ask for more.
I myself have a considerable amount invested in ASICMINER. If this attitude of ASICMINER continues, I will sell it all off.
Dude, I don't know if you are an early stage investor or not - you don't sound like it. I'm not either, btw. But I have read everything friedcat has ever written on this forum. Go and read it and you'll know why the early stage investors don't harass him for information.
I do not harrass friedcat at all. I have read it all. His work is unbelievably amazing. I could not be more thankful for his awesome work.
My point is that at this scale he owes us a bit more than a few lines of update a week.
How many shares do you own that you think you are enabled to speak up here?
He doesn't owe you anything. Friedcat will provide information as information is available. In addition, any information that he posts publicly is information that the competition can use during their planning and strategy.
Also, I assure you that there are a lot of people both reading and responding here that have a lot more shares than you. So get off your high horse and stop making demands. You think YOU own a lot of shares? Try the 240,000 that Friedcat & co owns. It is far more important for HIM to make good decisions and bring hashpower online, and be accountable to himself, than it is for him to answer to you.
I do not need you donkey to tell me that i just own a fraction of all shares. A very tiny little fraction in fact.
Nevertheless I would like friedcat to answer my queries. I do agree that friedcat should not disclose any info that could be used by competitors.
But you are just a yay-sayer. I am not.
Calm down. Most experienced AM investors recognize that Friedcat is insanely busy, and are largely ok with his succinct updates when there isn't much to say. When he has something substantial to say he DOES go into detail. When things are largely unchanged from last update, they are short. Friedcat's time is limited. He's busy building and shipping USBs and blockeruptors, as well as coordinating the running of over 1500 blockeruptor boards for this company, as well as planning for the future, and processing all share transfers that happen OTC. (And everything else that goes along with all of the above.)
The man is incredible, and largely let's his work speak for itself.
I only hope that way down the road, if and when AM becomes a stable concern, that doesn't require as much of his time to run, and he comes up with other business ventures, he considers letting in public investors. (Guessing he won't though, since he will have way more than enough btc to build whatever company he wants.)
-helixone
I am pretty chilled. I did not attack friedcat at all. I do agree with everything above, and never stated anything contrary.
Maybe you should all calm down. As soon as somebody states a little hint against your cash cow, you freak out.
Btw I am all in. But you are just mongos...
Friedcat, please answer my questions.
What I know is he made a company 9 months ago at a 0.1 IPO and got it up to the present market price per share
Has executed his strategy well and has done an excellent job at delivering solid quality products
I make inquiries might even take notes now and then and pose the occasional question or inquiry, but I have trust in the current management and don't ask them to micromanage everyday affairs. If they are busy making good products and developing and improving their products instead of tracking this thread daily that's fine by me
That said I do enjoy discussion so I do keep track of this thread
And will pursue good questions but that's just my humble opinion
Has executed his strategy well and has done an excellent job at delivering solid quality products
I make inquiries might even take notes now and then and pose the occasional question or inquiry, but I have trust in the current management and don't ask them to micromanage everyday affairs. If they are busy making good products and developing and improving their products instead of tracking this thread daily that's fine by me
That said I do enjoy discussion so I do keep track of this thread
And will pursue good questions but that's just my humble opinion
I really do not understand how you think a two-liner is sufficient as a weekly update.
Also I do not understand how other shareholders shut up all the time, and do not ask for more.
I myself have a considerable amount invested in ASICMINER. If this attitude of ASICMINER continues, I will sell it all off.
Dude, I don't know if you are an early stage investor or not - you don't sound like it. I'm not either, btw. But I have read everything friedcat has ever written on this forum. Go and read it and you'll know why the early stage investors don't harass him for information.
I do not harrass friedcat at all. I have read it all. His work is unbelievably amazing. I could not be more thankful for his awesome work.
My point is that at this scale he owes us a bit more than a few lines of update a week.
How many shares do you own that you think you are enabled to speak up here?
He doesn't owe you anything. Friedcat will provide information as information is available. In addition, any information that he posts publicly is information that the competition can use during their planning and strategy.
Also, I assure you that there are a lot of people both reading and responding here that have a lot more shares than you. So get off your high horse and stop making demands. You think YOU own a lot of shares? Try the 240,000 that Friedcat & co owns. It is far more important for HIM to make good decisions and bring hashpower online, and be accountable to himself, than it is for him to answer to you.
I do not need you donkey to tell me that i just own a fraction of all shares. A very tiny little fraction in fact.
Nevertheless I would like friedcat to answer my queries. I do agree that friedcat should not disclose any info that could be used by competitors.
But you are just a yay-sayer. I am not.
Calm down. Most experienced AM investors recognize that Friedcat is insanely busy, and are largely ok with his succinct updates when there isn't much to say. When he has something substantial to say he DOES go into detail. When things are largely unchanged from last update, they are short. Friedcat's time is limited. He's busy building and shipping USBs and blockeruptors, as well as coordinating the running of over 1500 blockeruptor boards for this company, as well as planning for the future, and processing all share transfers that happen OTC. (And everything else that goes along with all of the above.)
The man is incredible, and largely let's his work speak for itself.
I only hope that way down the road, if and when AM becomes a stable concern, that doesn't require as much of his time to run, and he comes up with other business ventures, he considers letting in public investors. (Guessing he won't though, since he will have way more than enough btc to build whatever company he wants.)
-helixone
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