Just curious... What if this type of language was put in the next auctions?
Quote
The auction will end ****. Each valid bid will delay the end time by another hour.
Then the auction will probably never end...
Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1154. (Read 3917058 times)
Then the auction will probably never end...
Just curious... What if this type of language was put in the next auctions?
Quote
The auction will end ****. Each valid bid will delay the end time by another hour.
Auction of 50 Blades brought in approx. 2578 BTC. 
Approximately 0.006445 per share, or 6.445 BTC per thousand shares.
Is that with the labor, materials, etc. factored in?
Its without S&H factored in, the rest was already paid for.
Auction of 50 Blades brought in approx. 2578 BTC.
Approximately 0.006445 per share, or 6.445 BTC per thousand shares.
Is that with the labor, materials, etc. factored in?
Auction of 50 Blades brought in approx. 2578 BTC.
Approximately 0.006445 per share, or 6.445 BTC per thousand shares.
Now, let's just sit back and watch the mid-week madness of "I want a piece of that dividend action" over on BTCT and BF.
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Auction of 50 Blades brought in approx. 2578 BTC.
Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share. 
Well, technically the INCREASE in divs is 0.00322625
(2042.5-752)/400000 = 0.00322625
He said it right under the equation:
(2042.5-752)/400000 = 0.00322625
because the income of the auction last week has then to be substracted from this week's auction.
Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.
Well, technically the INCREASE in divs is 0.00322625
(2042.5-752)/400000 = 0.00322625
The motions have been posted. I split them up so that each modification sinks/swims on it's own.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
I hate to bother you,but did you get my pm? https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.
Well, technically the INCREASE in divs is 0.00322625 BTC/share
(2042.5-752)/400000 = 0.00322625
Because the income of the auction last week then has to be substracted from this week's auction.
Not that I'm complaining
Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.
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Sounds interesting, but would the 100-split PT be non-voting shares? I would be certainly for more liquidity and options for people who find the non-split price hefty. But still want that true fractional share DRIP.
If this can be done with many blue chip companies, why not in the BTC world? (challenge thrown out)It would work exactly like the existing PT; no voting, conversion on a 1:100 base only (ie 100 PT/100 can be converted to 1 regular AM), dividend pass-through, maybe with some kind of fee for the work involved.
Until we got colored coins, though, I think this is the way to go.
.b
Estimated increase in divs (not including the hashrate increase) is 0.00507625 BTC per share.
In that case, you really need to compare to the average fee on BTCT too, which is 0.2%.
Looks like I made an error on the original calculation - 0.2% instead of 0.4% so good catch. Regardless, I'm of the buy and hold mindset right now and any way to avoid fees I'm all for. Now if either BitFunder or btct can implement a true DRIP with fractional share repurchases (obviously with friedcat's blessing) then I will be won over 100%.
Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.
.b
The motions have been posted. I split them up so that each modification sinks/swims on it's own.
https://btct.co/security/ASICMINER-PT (motions tab)
Cheers.
9,020.00 GH/s on BTC Guild, just sayin...
anyway - 3500 BTC for a week of mining on 9 Thash/s, then around 2500 BTC from sale of devices, makes a nice 0.015 BTC dividend per share
friedcat will be the next Bill Gates / Steve Jobs...
anyway - 3500 BTC for a week of mining on 9 Thash/s, then around 2500 BTC from sale of devices, makes a nice 0.015 BTC dividend per share
friedcat will be the next Bill Gates / Steve Jobs...
Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.
.b
.b
Sounds interesting, but would the 100-split PT be non-voting shares? I would be certainly for more liquidity and options for people who find the non-split price hefty. But still want that true fractional share DRIP.
If this can be done with many blue chip companies, why not in the BTC world? (challenge thrown out) In that case, you really need to compare to the average fee on BTCT too, which is 0.2%.
Looks like I made an error on the original calculation - 0.2% instead of 0.4% so good catch. Regardless, I'm of the buy and hold mindset right now and any way to avoid fees I'm all for. Now if either BitFunder or btct can implement a true DRIP with fractional share repurchases (obviously with friedcat's blessing) then I will be won over 100%.
Well, whaddayaknow, I actually spoke to him about that today too, after soliciting feedback from this forum about a 100-split PT that would make DRIP far more possible.
.b
In that case, you really need to compare to the average fee on BTCT too, which is 0.2%.
Looks like I made an error on the original calculation - 0.2% instead of 0.4% so good catch. Regardless, I'm of the buy and hold mindset right now and any way to avoid fees I'm all for. Now if either BitFunder or btct can implement a true DRIP with fractional share repurchases (obviously with friedcat's blessing) then I will be won over 100%.
I still don't get how you come up with 0,25% to 0,5% with BF. There's a 0,5%-1% fee on sales, so a flip will include that no matter if the buy is 0%. They say in the FAQ that if you are a day trader, you can get the fees down as low as 0.25%, but for most small to medium investors, that's not going to be an option.
Do a ฿100 buy and sell, regardless of time span, and you'll be out between ฿0.5 and ฿1 on Bitfunder, but always ฿0.4 on BTCT. I can't see how that's even; BF is at best 25% more expensive and at worst 150% more expensive.
Do a ฿100 buy and sell, regardless of time span, and you'll be out between ฿0.5 and ฿1 on Bitfunder, but always ฿0.4 on BTCT. I can't see how that's even; BF is at best 25% more expensive and at worst 150% more expensive.
0% fee on buy and 0.5% to 1% fee on sell = average fee on a transaction (buy or sell) is (0.5% - 1%) / 2 = 0.25% to 0.5%
In that case, you really need to compare to the average fee on BTCT too, which is 0.2%.
My point was that with the dividend fee and withdrawal fee, it might be a wash to better if you qualify for the discount. The tiering is based on the last 60 days so one doesn't necessarily need to be a day trader, just buy/sell a combined 50+ BTC in 60 days to start earning discounts.
And also you can avoid the sell fee by accumulating more than 250 shares and transferring out to non-passthrough shares as mentioned by someone else. A strategy is to buy cheap PT shares and accumulate/dividend invest, and supplement with non-PT shares purchased through auctions and transfer those to PT shares.
If the dividend fee is going away then for a buy and flipper btct.co is better. But for a longer-term buy and holder, BitFunder can be better because you can avoid fees altogether (sale or withdrawal fees).
Plus I will believe that the dividend fee is going away on btct when I actually see it written down in the details or there is a motion passed.
And also you can avoid the sell fee by accumulating more than 250 shares and transferring out to non-passthrough shares as mentioned by someone else. A strategy is to buy cheap PT shares and accumulate/dividend invest, and supplement with non-PT shares purchased through auctions and transfer those to PT shares.
If the dividend fee is going away then for a buy and flipper btct.co is better. But for a longer-term buy and holder, BitFunder can be better because you can avoid fees altogether (sale or withdrawal fees).
Plus I will believe that the dividend fee is going away on btct when I actually see it written down in the details or there is a motion passed.
I'm sure burnside will get around to the motion soon, I just spoke with him about it yesterday :-)
.b
I still don't get how you come up with 0,25% to 0,5% with BF. There's a 0,5%-1% fee on sales, so a flip will include that no matter if the buy is 0%. They say in the FAQ that if you are a day trader, you can get the fees down as low as 0.25%, but for most small to medium investors, that's not going to be an option.
Do a ฿100 buy and sell, regardless of time span, and you'll be out between ฿0.5 and ฿1 on Bitfunder, but always ฿0.4 on BTCT. I can't see how that's even; BF is at best 25% more expensive and at worst 150% more expensive.
Do a ฿100 buy and sell, regardless of time span, and you'll be out between ฿0.5 and ฿1 on Bitfunder, but always ฿0.4 on BTCT. I can't see how that's even; BF is at best 25% more expensive and at worst 150% more expensive.
0% fee on buy and 0.5% to 1% fee on sell = average fee on a transaction (buy or sell) is (0.5% - 1%) / 2 = 0.25% to 0.5%
My point was that with the dividend fee and withdrawal fee, it might be a wash to better if you qualify for the discount. The tiering is based on the last 60 days so one doesn't necessarily need to be a day trader, just buy/sell a combined 50+ BTC in 60 days to start earning discounts.
And also you can avoid the sell fee by accumulating more than 250 shares and transferring out to non-passthrough shares as mentioned by someone else. A strategy is to buy cheap PT shares and accumulate/dividend invest, and supplement with non-PT shares purchased through auctions and transfer those to PT shares.
If the dividend fee is going away then for a buy and flipper btct.co is better. But for a longer-term buy and holder, BitFunder can be better because you can avoid fees altogether (sale or withdrawal fees).
Plus I will believe that the dividend fee is going away on btct when I actually see it written down in the details or there is a motion passed.
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