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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1105. (Read 3917058 times)

legendary
Activity: 1176
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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.  Smiley

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.
legendary
Activity: 1806
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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.
donator
Activity: 994
Merit: 1000
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.
legendary
Activity: 4326
Merit: 8899
'The right to privacy matters'
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.
legendary
Activity: 1498
Merit: 1000
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?



member
Activity: 75
Merit: 10
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.
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
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
legendary
Activity: 1176
Merit: 1001
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The small number of PTs available for trade meant that volatility was always going to come to AM. It must be annoying for IPO folk who now have a decent chunk of their net worth in AM watching thousands of dollars of fiat appear and disappear. For we little buggers trying to build a position volatility provides opportunity.

I sincerely hope that friedcat and his team manage the business to maximize return, not to "massage the numbers". I worked for a company that did some truly stupid things to itself to look better in the eyes of shareholders. It didn't end well.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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!

Because there's an issue at mtgox that flushed out weak sellers. The speculators have discovered AM. Those weak sellers could be feeling a bit sheepish in 24 hours. Shafted on the way in, shafted on the way out. We'll see.

Ah well full disclosure I bought up a lot at 1.5-1.6 so guess I'm double dipping the dividend and the share price when it goes back up which it will given time Smiley

Also sorry if I sound a bit noobish but never heard of dwolla who are they

To vela I don't use gox ha-ha lots of people do but what surprises me more is people still use mpex.co Smiley
50 bitcoins to join if I made like 5 accounts a year ago and resold them :p lol
sr. member
Activity: 476
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Because there's an issue at mtgox that flushed out weak sellers.

people still use mtgox?
 Grin
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
Because there's an issue at mtgox that flushed out weak sellers. The speculators have discovered AM. Those weak sellers could be feeling a bit sheepish in 24 hours. Shafted on the way in, shafted on the way out. We'll see.

Yeah, but like volatility in BTCUSD is bad for BTC, volatility (and bruising of novice investors' noses) in BTC asset market is bad for BTC asset market. We don't need bubbles any more than BTC does; we need stable, serious players, with understandable valuations. AM is as close as we get, and when AM gets a punch in the face on the market, that's bad for everyone.

I'm not sour, I'm still way into the green on my AM investments, but I'm afraid that the MTG/Dwolla combined with what may have turned out to be a bubble in AM prices may be bad for the short-to-medium term. Long-term, well, we don't even know if BTC will exist :-)

.b
sr. member
Activity: 392
Merit: 250
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!

Because of this:
http://www.reddit.com/r/Bitcoin/comments/1ebzru/dwolla_no_longer_allowed_to_do_business_with_mtgox/

 Roll Eyes
legendary
Activity: 1176
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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!

Because there's an issue at mtgox that flushed out weak sellers. The speculators have discovered AM. Those weak sellers could be feeling a bit sheepish in 24 hours. Shafted on the way in, shafted on the way out. We'll see.
sr. member
Activity: 476
Merit: 250
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!
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Well the dividend is tomorrow if I am right
So we can see the actual growth, there's a lot of shares moving back and forth
0.0158 to 0.0161 on havelock
1.57 to 1.67 on btc-e
When I looked
Was up to 1.78 A few hours back on btc-e and 1.7 havelock so moving down but expect a higher rise on the dividend again haha
Wide gap day
Seems like the gap is syncing now but it was pretty big yesterday between those two exchanges
But the 1.5 on the forum is a bit cheaper atm
sr. member
Activity: 294
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I am wondering why it has been almost a week that the AM hashrate has not increased at all, I thought the plan was to add progressively up to quite a lot and since right now the market share of AM is not that high there is no reason I can think of to not add more ?

Perhaps friedcat sold all this week's new deployment in the blade auction :-)

Seriously, I'm confident that friedcat would let us know if something was a problem or breaking of plans.

.b
legendary
Activity: 1176
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I am wondering why it has been almost a week that the AM hashrate has not increased at all, I thought the plan was to add progressively up to quite a lot and since right now the market share of AM is not that high there is no reason I can think of to not add more ?

Hopefully friedcat will provide an update on this with the next dividend announcement.

There could be a technical problem that is delaying this, or potentially they are refactoring their data centre space, which requires off-lining blades for a time.

My guess is that AM got to 30% of the network hash rate and decided they didn't want to go any higher. The rewards for doing so start to decline noticeably. ASICs from other shops have not come on at the rate they were predicted to.  The success of the hardware sales of the last few days may have prompted a temporary change of strategy.

Sell hardware -> push network hash rate up -> decrease own share of network -> increase profitability of deploying more hardware.
full member
Activity: 167
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Where are you looking for the total hashrate?

All these google docs links from a couple pages back
hero member
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bitcoin hundred-aire
newbie
Activity: 57
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I am wondering why it has been almost a week that the AM hashrate has not increased at all, I thought the plan was to add progressively up to quite a lot and since right now the market share of AM is not that high there is no reason I can think of to not add more ?

Where are you looking for the total hashrate?
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