ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1116.

arklan

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Quote from: stripykitteh on May 11, 2013, 01:01:42 AM

Reward halving is still quite a way off but miners will have to be ready for it. I expect transaction fees will be much more significant then, but it's really crystal ball gazing at the moment. They'd have to pick up a lot to compensate from where they are today (about 1% of the reward).

Surely Bitcoin will either be dust (unlikely) or ready for prime-time by 2017? Tx fees at 16x seems too modest, that's only 100% annual growth.

2016 you mean. ...isn't it?

stripykitteh

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Reward halving is still quite a way off but miners will have to be ready for it. I expect transaction fees will be much more significant then, but it's really crystal ball gazing at the moment. They'd have to pick up a lot to compensate from where they are today (about 1% of the reward).

Surely Bitcoin will either be dust (unlikely) or ready for prime-time by 2017? Tx fees at 16x seems too modest, that's only 100% annual growth.

lophie

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IPO man here..... I guess caught a glimpse of how very early adopters of Bitcoin feels Roll Eyes

Guys can we discuss the sustainability of ASICMINER due to the next reward halving. I think that is the most important issue now because it will naturally decrease the mining income by half.

I am here for the long run I just wanted to start a discussion to see what strategy some of you have. For me I was thinking keeping most and selling around 50+ (Not now, maybe next year!)

stripykitteh

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Quote from: Franktank on May 10, 2013, 10:31:08 PM

WOOT!! Another auction!!! https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-50-block-erupter-blades-everyone-won-see-op-201753

Get ready for next Wednesday's juicy dividends!!

All sold, in less than 2 hours.

stripykitteh

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Quote from: ionstorm on May 11, 2013, 12:15:57 AM

Hey guys! Just bought some asicminer shares through Havelock, is this more profitable than waiting and waiting for our own asics? Considering putting more in, hope I see some good returns :-)

I only bought in recently as well.

Which is more profitable depends on how much you paid for your ASIC and when you get it. Gen 1 Avalon would have been pretty sweet. BFL anything, who knows? AM Erupter blades should provide a decent return, though they aren't cheap. Cheesy

With AM shares you will have a pretty good idea week to week how things are going, and you won't need to replace your shares every year like you do with hardware. At the moment it's all good news.

Hopefully years from now we'll both be able to tell folks at cocktail parties that we bought AM in May 2013 and they will remark on how clever and attractive we are. (OK, May is not as good as IPO, but still Grin

)

ionstorm

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Hey guys! Just bought some asicminer shares through Havelock, is this more profitable than waiting and waiting for our own asics? Considering putting more in, hope I see some good returns :-)

stripykitteh

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If you can be bothered...

https://forums.butterflylabs.com/bfl-forum-miscellaneous/2604-10-may-2013-update.html

Wink

stripykitteh

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Quote from: Franktank on May 10, 2013, 10:31:08 PM

WOOT!! Another auction!!! https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-50-block-erupter-blades-everyone-won-see-op-201753

Get ready for next Wednesday's juicy dividends!!

If the income was passed on in full (not a given of course) it would be about 0.00625 per share, a bit over half last-week's dividend.

Meanwhile it looks as though AM are doing some rejigging at the farm, so I estimate the hash rate will be up well over 20 within a day (based on SmiGuel's graphs:

https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=14

EDIT: Actually the penny just dropped. They are probably taking 50 production units offline for the sale, and putting new ones on. But I guess the hash rate will go up anyway, as it tends to.

ineededausername

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With the auction and the mining factored in, we might see as much as .013 Shocked

Franktank

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WOOT!! Another auction!!! https://bitcointalksearch.org/topic/asicminer-fixed-price-auction-50-block-erupter-blades-everyone-won-see-op-201753

Get ready for next Wednesday's juicy dividends!!

Blockhead

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My last dividend e-mail from BTC-TC came in Wednesday at noon. (PST). Just an announcement from them letting you know you just got paid! Grin

InstantBTC

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Quote from: michaelGedi on May 10, 2013, 08:32:42 PM

Quote from: arklan on May 10, 2013, 08:29:52 PM

Quote from: michaelGedi on May 10, 2013, 08:25:27 PM

Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)

just drops in the account i believe.

ok thanks, on wednesdays?

Also, is there a way I can confirm I am in the email that burnside sends daily to friedcat or is that an automated part of the site?

BTCT.co and Bitfunder both have PT shares, which are passthroughs. Meaning, Friedcat doesn't send you the coins, whoever manages the shares sends you the coins. In your case, I believe burnside recieves the coins from friedcat, and then sends them to shareholders on btctco. Which means that the process is automated and as long as you own the share prior to dividends going out, you'll receive the dividends.

michaelGedi

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Quote from: arklan on May 10, 2013, 08:29:52 PM

Quote from: michaelGedi on May 10, 2013, 08:25:27 PM

Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)

just drops in the account i believe.

ok thanks, on wednesdays?

Also, is there a way I can confirm I am in the email that burnside sends daily to friedcat or is that an automated part of the site?

arklan

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Quote from: michaelGedi on May 10, 2013, 08:25:27 PM

Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)

just drops in the account i believe.

michaelGedi

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"to be or not to be, that is the bitcoin"

Hi guys, just wondering how the dividends pay out works. Do we get an email when it happens and does it just land in our trade account address? (I'm with BTC TC)

philipma1957

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Quote from: matt4054 on May 10, 2013, 07:09:02 PM

BTC-e and Cryptonit are the only public NMC exchanges that come to my mind besides Vircurex. But I still think ASICMINER should mostly hold the NMC to avoid crashing the NMC/BTC exchange rate. And exchange in small quantities that can be "absorbed" by the demand.

I THINK cryptonit was also hacked (not sure) but btc-e is working

matt4054

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BTC-e and Cryptonit are the only public NMC exchanges that come to my mind besides Vircurex. But I still think ASICMINER should mostly hold the NMC to avoid crashing the NMC/BTC exchange rate. And exchange in small quantities that can be "absorbed" by the demand.

SebastianJu

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Quote from: philipma1957 on May 10, 2013, 06:30:41 PM

Okay I went to vircurex and they have been hacked. I use them to turn my NMC to BTC. Lost about .081 in btc.

My first question is did asicminer lose any NMC on the site?

my second question is where to change NMC to BTC?

this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.

Im not sure if its possible but wasnt ripple created to do such exchanges too? If so, arent there enough users yet that such exchanges would work? I didnt use ripple much yet..

philipma1957

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'The right to privacy matters'

Okay I went to vircurex and they have been hacked. I use them to turn my NMC to BTC. Lost about .081 in btc.

My first question is did asicminer lose any NMC on the site?

my second question is where to change NMC to BTC?

this is the second exchange that busted on me. does anyone have a good NMC to BTC exchange in mind for myself and for asicminer since asicminer has been earning a shitload of nmc on bitminter.

velacreations

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Quote from: ThickAsThieves on May 10, 2013, 03:56:43 PM

Except that Bitfunder deposits are broken today.

yeah, I'm still waiting on mine to go through...

nobody buy my cheap shares! Grin

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1116. (Read 3917058 times)