ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1104.

SmiGueL

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Quote from: freedomno1 on May 15, 2013, 02:51:05 AM

Person with success would throw some at him too Tongue

hmm from a few links back
http://deepfriedcat.com/
Who wanted to make him edible Xd
Guess we'll see

My newest version also include the paid dividends (the red dots Cool

)
The site will probably be updated soon

_{Or click here}

SebastianJu

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Quote from: furuknap on May 14, 2013, 08:37:59 PM

Are you better at optimizing mining production with ฿ than friedcat? If not, then share value has probably suffered from the high dividends, not gained from it.

Im not better for sure... but why do you think there are investments gone lost that could have lead to even higher return? I mean AM paid already for everything possible to invest. Of course a financial cussion would be good for bad times... but only piling up bitcoins for no reason doesnt make much sense. Then i would be better in optimizing these bitcoins myself.
It looks a bit like you think friedcat cashes out divs while in fact he knows that there are better things to invest for even brighter dividends future? Im not sure where you got this impression. I think there is nothing worth to invest, otherwise friedcat would do it.
But i think this discussion we had already... Wink

eiprol

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bitarchitect

Quote from: stripykitteh on May 15, 2013, 02:47:31 AM

Quote from: punkideas on May 14, 2013, 11:22:09 PM

Quote from: stripykitteh on May 14, 2013, 08:59:50 PM

If friedcat has an idea to start another line of business (possibly outside Bitcoin) that could be a better avenue for reinvestment.

I think that's what the point of Bitfountain is. I think he will use that as a mechanism to provide some capital to new ventures for a controlling interest in a venture. He may publically offer the other part (a la ASICMINER) or not. Either way, I think Bitfountain will be one of the big players in Bitcoin down the road, probably moreso than ASICMINER will be.

Yes, you're probably right. There'd be a few ASICminer success story early investors that will throw BTC at him whatever he turns his hand to next, if he offers part of it.

You are right, I bought 100 shares at IPO with the first 10btc I bought a year ago, and now look at the shares prices and dividends.. And immagine those who bought many more shares!
So yes, I would invest on anything of friedcat Tongue

freedomno1

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Quote from: stripykitteh on May 15, 2013, 02:47:31 AM

Quote from: punkideas on May 14, 2013, 11:22:09 PM

Quote from: stripykitteh on May 14, 2013, 08:59:50 PM

If friedcat has an idea to start another line of business (possibly outside Bitcoin) that could be a better avenue for reinvestment.

I think that's what the point of Bitfountain is. I think he will use that as a mechanism to provide some capital to new ventures for a controlling interest in a venture. He may publically offer the other part (a la ASICMINER) or not. Either way, I think Bitfountain will be one of the big players in Bitcoin down the road, probably moreso than ASICMINER will be.

Yes, you're probably right. There'd be a few ASICminer success story early investors that will throw BTC at him whatever he turns his hand to next, if he offers part of it.

Person with success would throw some at him too Tongue

hmm from a few links back
http://deepfriedcat.com/
Who wanted to make him edible Xd
Guess we'll see

stripykitteh

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Quote from: punkideas on May 14, 2013, 11:22:09 PM

Quote from: stripykitteh on May 14, 2013, 08:59:50 PM

If friedcat has an idea to start another line of business (possibly outside Bitcoin) that could be a better avenue for reinvestment.

I think that's what the point of Bitfountain is. I think he will use that as a mechanism to provide some capital to new ventures for a controlling interest in a venture. He may publically offer the other part (a la ASICMINER) or not. Either way, I think Bitfountain will be one of the big players in Bitcoin down the road, probably moreso than ASICMINER will be.

Yes, you're probably right. There'd be a few ASICminer success story early investors that will throw BTC at him whatever he turns his hand to next, if he offers part of it.

stripykitteh

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Quote from: dan9575 on May 15, 2013, 12:53:00 AM

I hope ASICMINER prospers but honestly I hope the share price dwindles when BFL ships to balance the difficulty lol, I wish i didn't sell my shares Sad

Probably worth wishing for something with a higher chance of occurring. Wink

muyuu

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Quote from: dan9575 on May 15, 2013, 12:53:00 AM

I hope ASICMINER prospers but honestly I hope the share price dwindles when BFL ships to balance the difficulty lol, I wish i didn't sell my shares Sad

Sour grapes much?

arklan

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Quote from: dan9575 on May 15, 2013, 12:53:00 AM

I hope ASICMINER prospers but honestly I hope the share price dwindles when BFL ships to balance the difficulty lol, I wish i didn't sell my shares Sad

i know that feel. bought 5 at ipo, some when they doubled about a month prior to the glbse collapse, then recently bought 1 at .9... really wish i had the lot still.

dan9575

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I hope ASICMINER prospers but honestly I hope the share price dwindles when BFL ships to balance the difficulty lol, I wish i didn't sell my shares Sad

punkideas

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Quote from: stripykitteh on May 14, 2013, 08:59:50 PM

If friedcat has an idea to start another line of business (possibly outside Bitcoin) that could be a better avenue for reinvestment.

I think that's what the point of Bitfountain is. I think he will use that as a mechanism to provide some capital to new ventures for a controlling interest in a venture. He may publically offer the other part (a la ASICMINER) or not. Either way, I think Bitfountain will be one of the big players in Bitcoin down the road, probably moreso than ASICMINER will be.

stripykitteh

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Quote from: freedomno1 on May 14, 2013, 09:43:18 PM

Quote from: dan9575 on May 14, 2013, 09:04:05 PM

lol wow 1.6 share value. I think i might buy a gun and shoot myself in the foot with the shares i sold at 1.3.

Still a pretty good price in my humble opinion for a long run short run speculator 1.5

But I see 2 sometime in the next little while

A month or two maybe less

Yep. If most of the equipment sales are passed on as high dividends, more interest and speculation will see some higher prices. Those speculators will turn tail and flee though if a high dividend is not maintained indefinitely, which I don't think can be (nor does it need to be).

freedomno1

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Quote from: dan9575 on May 14, 2013, 09:04:05 PM

lol wow 1.6 share value. I think i might buy a gun and shoot myself in the foot with the shares i sold at 1.3.

Still a pretty good price in my humble opinion for a long run short run speculator 1.5

But I see 2 sometime in the next little while

A month or two maybe less

dan9575

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lol wow 1.6 share value. I think i might buy a gun and shoot myself in the foot with the shares i sold at 1.3.

furuknap

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http://coin.furuknap.net/

Quote from: Jutarul on May 14, 2013, 08:55:31 PM

Quote from: furuknap on May 14, 2013, 08:37:59 PM

Keep in mind, folks, that if AM had not paid a single ฿dime in dividends, all those dividends would now be part of the company book value. You haven't earned a dime in value by withdrawing dividends from the company; in fact, dividends reduce AMs ability to handle unforeseen circumstances, invest in next-gen or next-next-gen technology, and so on.

As stated elsewhere, the current cash-flow per week is enough to cover all foreseeable expenses. It may be interesting to know the exact numbers for the operational savings account (e.g. for covering operational costs during BTC price depression), but they'll certainly be part of the next financial report.

It is generally better to hand out earnings if the company doesn't have any use for it.

This is true, but as we saw a while back the company does not have cash-at-hand to cover investments and thus had to 'hold back' ฿2000 from dividend payouts. Further, until we know how the capital management is, we don't know what effect a crash in BTC prices will do to cost levels. 90% dividend payout sounds nice, but are those remaining 10% set aside enough to cover the costs if the DHS stuff causes BTC to crash to $1?

It's not bad for a share's price to withold dividends. Just ask Berkshire Hathaway or Apple.

.b

stripykitteh

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Quote from: furuknap on May 14, 2013, 08:37:59 PM

Are you better at optimizing mining production with ฿ than friedcat? If not, then share value has probably suffered from the high dividends, not gained from it.

.b

No, of course not. That's why I want to reinvest my dividends.

I think the high dividends are a mix of everyone who's been in mining for a while expecting to see dividends, after all, it is a mining operation. Seeing the dividends builds trust. It's also maybe partly the result of there being only so much reinvestment needed in the short term for mining.

If friedcat has an idea to start another line of business (possibly outside Bitcoin) that could be a better avenue for reinvestment.

kokojie

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Quote from: velacreations on May 14, 2013, 08:26:31 PM

Quote from: stripykitteh on May 14, 2013, 08:07:11 PM

Because there's an issue at mtgox that flushed out weak sellers.

people still use mtgox?
Grin

it's only the biggest exchange with over 70% of market share.

Jutarul

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Quote from: furuknap on May 14, 2013, 08:37:59 PM

Keep in mind, folks, that if AM had not paid a single ฿dime in dividends, all those dividends would now be part of the company book value. You haven't earned a dime in value by withdrawing dividends from the company; in fact, dividends reduce AMs ability to handle unforeseen circumstances, invest in next-gen or next-next-gen technology, and so on.

As stated elsewhere, the current cash-flow per week is enough to cover all foreseeable expenses. It may be interesting to know the exact numbers for the operational savings account (e.g. for covering operational costs during BTC price depression), but they'll certainly be part of the next financial report.

It is generally better to hand out earnings if the company doesn't have any use for it. This allows shareholders to re-invest that money as they see fit. Also dividends are a mechanism to reward the founders without the need to pay high salaries. And rewards help to keep the bitfountain staff motivated.

Lastly, having a huge pile of cash lying around is also very risky. By distributing that cash to the holders of the equity you reduce the risk of total loss of funds, while maintaing your ability to fund future projects by calling for new financing rounds.

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'The right to privacy matters'

Quote from: furuknap on May 14, 2013, 08:37:59 PM

Quote from: stripykitteh on May 14, 2013, 08:30:02 PM

I worked for a company that did some truly stupid things to itself to appear to look better in the eyes of shareholders. It didn't end well.

FTFY

I don't think friedcat has a need to 'look good' in that sense, but I do think he needs to look good by providing the information that shareholders need to evaluate a share. After my previous request, he did provide answers to my most pressing questions and promised periodical financial updates. If he holds this promise, and he has demonstrated before his commitment to holding promises he makes, then shareholders will suddenly have a much better chance to evaluate the real value of AM and not just throw numbers out based on a few numbers like current hash rate or dividend projections.

Keep in mind, folks, that if AM had not paid a single ฿dime in dividends, all those dividends would now be part of the company book value. You haven't earned a dime in value by withdrawing dividends from the company; in fact, dividends reduce AMs ability to handle unforeseen circumstances, invest in next-gen or next-next-gen technology, and so on.

Are you better at optimizing mining production with ฿ than friedcat? If not, then share value has probably suffered from the high dividends, not gained from it.

.b

Well here is another way to look at dividends.

Good dividends allow one to sit back and collect.
Share price has no real importance.
Number of Shares do.

A .010btc per share means you need 100 shares to earn a coin a week.

So 100 shares at .016btc would allow you to buy a share each week.(rough estimate)

If you add a share at a time and never focus on share price just allow dividends to buy more shares. Do this for a year then think about share price.

AM has a large lead today but they need to balance a few things I like the dividend high as I would buy more shares with a high dividend.

statdude

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Quote from: helixone on May 13, 2013, 09:59:51 PM

Quote from: furuknap on May 13, 2013, 09:41:57 PM

Quote from: parseval on May 13, 2013, 08:41:17 PM

A slightly larger chart than you see on the BTC-TC homepage, displaying the stock performance over the past month. I hope you like it.

You may want to update that now, prices at BTCT just shot up about 10% to 1.69 with highest bids at or above 1.6.

.b

EDIT: Very nice job, btw. I wish burnside would add something more flexible on his site, albeit hopefully not as horrible as the Bitfunder thing.

It seems cheap shares are still available on Bitfunder (G.ASICMINER-PT and TAT-ASICMINER), Havelock (TAT-ASICM), and even BTCT.CO (TAT-Asicminer). (Too bad I'm all in.)

-helixone

Very nice app Helix.
Anyone have other cool apps they'd like to share to help with ASICMiner?

mithrandi

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Quote from: velacreations on May 14, 2013, 08:02:25 PM

I'm not sure why the price took a dip today. Who would sell at these prices on the eve of a very exciting dividend (could be the biggest one, yet)?

I wish I had more btc to buy more shares!

If you look at the volumes, there's basically not enough liquidity in the market; any attempt to sell or buy non-trivial amounts of shares will have quite a big effect on the PTs. A forum auction less so, I think, since you're not sharing an order book with other buyers / sellers.

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