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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 1156. (Read 3917058 times)

legendary
Activity: 1288
Merit: 1227
Away on an extended break
The estimated dividend increase from the current ASICMiner sale is now calculated automatically!
See: https://docs.google.com/spreadsheet/ccc?key=0AiYcEqkgyjc_dEM5Z19DdUxzV3VBVjlvcVBQTFNOYmc#gid=0
Current estimated increase per share: 0.00389625 BTC
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
Any updated info on the usb miners?

According to friedcat's latest update, they should be 'ready' next week (as in sometime after tomorrow) but no further details on what 'ready' means.

.b
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
Any updated info on the usb miners?
full member
Activity: 177
Merit: 100
8.3 on BTC Guild  Shocked
8.4! It seems sales, dev and deployment are all going very smoothly now. Bright future ahead!
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Dividends... lets talk about them.

SO lets assume we mine at an average of 8th/s I think that is conservative all things considered.  That gives us about 0.00706 per share.  Now the auction will be done before dividends pay out, so I assume we will include that this week.  John has yet to do an official tally but I am going to assume none of them will go for less then 25btc each.  That's another .003125 per share.

That brings us to .010185 per share.  BUT I imagine our average will be much higher then 8th, considering we are on the way to 15.. and I imagine the ASIC's will sell for much more then 25, considering previous auction at 75, BFL yet to significantly ship, and still well over half of the auction to go...

SO!  Better buy up your shares before other people realize we are about to see a huge spike in dividends!  If anyone has a fair number of shares they would like to sell because they think this stock is overvalued, contact me.

You are assuming of course that AM doesn't have expenses, or better yet, reinvestment like the 200Th to pay for.

I'd love to see more reinvestment Friedcat! Smiley *psst*

True, but isn't electricity cost relatively small?  And aren't the 200th already paid for?  It would be interesting to see the financials of how much our fixed costs are per running TH/s
full member
Activity: 177
Merit: 100
8.3 on BTC Guild  Shocked
legendary
Activity: 1288
Merit: 1227
Away on an extended break
Dividends... lets talk about them.

SO lets assume we mine at an average of 8th/s I think that is conservative all things considered.  That gives us about 0.00706 per share.  Now the auction will be done before dividends pay out, so I assume we will include that this week.  John has yet to do an official tally but I am going to assume none of them will go for less then 25btc each.  That's another .003125 per share.

That brings us to .010185 per share.  BUT I imagine our average will be much higher then 8th, considering we are on the way to 15.. and I imagine the ASIC's will sell for much more then 25, considering previous auction at 75, BFL yet to significantly ship, and still well over half of the auction to go...

SO!  Better buy up your shares before other people realize we are about to see a huge spike in dividends!  If anyone has a fair number of shares they would like to sell because they think this stock is overvalued, contact me.

We're at 1523.5BTC total now.  Grin
0.00380875 per share!
full member
Activity: 219
Merit: 100
Dividends... lets talk about them.

SO lets assume we mine at an average of 8th/s I think that is conservative all things considered.  That gives us about 0.00706 per share.  Now the auction will be done before dividends pay out, so I assume we will include that this week.  John has yet to do an official tally but I am going to assume none of them will go for less then 25btc each.  That's another .003125 per share.

That brings us to .010185 per share.  BUT I imagine our average will be much higher then 8th, considering we are on the way to 15.. and I imagine the ASIC's will sell for much more then 25, considering previous auction at 75, BFL yet to significantly ship, and still well over half of the auction to go...

SO!  Better buy up your shares before other people realize we are about to see a huge spike in dividends!  If anyone has a fair number of shares they would like to sell because they think this stock is overvalued, contact me.

You are assuming of course that AM doesn't have expenses, or better yet, reinvestment like the 200Th to pay for.

I'd love to see more reinvestment Friedcat! Smiley *psst*
sr. member
Activity: 305
Merit: 250
Just a reminder for those who didn't see - Next block of Block Erupters are on auction - 50 this time Smiley.

https://bitcointalksearch.org/topic/asicminer-auction-50-block-erupter-blades-check-op-for-payment-189248
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
Dividends... lets talk about them.

SO lets assume we mine at an average of 8th/s I think that is conservative all things considered.  That gives us about 0.00706 per share.  Now the auction will be done before dividends pay out, so I assume we will include that this week.  John has yet to do an official tally but I am going to assume none of them will go for less then 25btc each.  That's another .003125 per share.

That brings us to .010185 per share.  BUT I imagine our average will be much higher then 8th, considering we are on the way to 15.. and I imagine the ASIC's will sell for much more then 25, considering previous auction at 75, BFL yet to significantly ship, and still well over half of the auction to go...

SO!  Better buy up your shares before other people realize we are about to see a huge spike in dividends!  If anyone has a fair number of shares they would like to sell because they think this stock is overvalued, contact me.
hero member
Activity: 756
Merit: 500
Just saw this from a Smoothie post!

http://www.youtube.com/watch?v=-eF6FSdur8k

BFL Jalapeno assembly.

In the description, Josh claims that they'll have 10-20 Jalapenos per week rolling out from these machines, 100 GH/s per week... by the end of May.
Since they are BFL, that means the end of June!

BFL: 100 GH/s per week rolled out
Avalons: won't come out for 9-10 wks, and might still be delayed
Bitfountain: 7.5 TH/s per week Grin

Waiting for shares to go to 2 BTC each.

I thought someone received in China their Avalon batch 2 already.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Just saw this from a Smoothie post!

http://www.youtube.com/watch?v=-eF6FSdur8k

BFL Jalapeno assembly.

In the description, Josh claims that they'll have 10-20 Jalapenos per week rolling out from these machines, 100 GH/s per week... by the end of May.
Since they are BFL, that means the end of June!

BFL: 100 GH/s per week rolled out
Avalons: won't come out for 9-10 wks, and might still be delayed
Bitfountain: 7.5 TH/s per week Grin

Waiting for shares to go to 2 BTC each.

For the record and for those that don't get it, this is a joke. It's a funny one, but still not quite real :-)

.b

Oh damn, rewatched and noticed the memory slots.  My sarcasm meter is malfunctioning...
full member
Activity: 185
Merit: 100
Also, owning shares of AM entitle you to profits made on chip sells as well as mining profits right? Since its company ownership not miner ownership right?
Correct, as a shareholder you are entitled to chip sales profits as well.
hero member
Activity: 490
Merit: 500
Is there a nice concise place to see their hash rate, planned deployments/orders/sell rate?  Also, owning shares of AM entitle you to profits made on chip sells as well as mining profits right? Since its company ownership not miner ownership right?

Thanks for feedback in advance!
hero member
Activity: 518
Merit: 500
It's funny how so many of you want to focus on my position or lackthereof in AM. Who cares?

The real purpose of my posts was to turn focus on the repeatedly missed timelines for hashing release. Yet for some reason:

hey will likely to keep mining at 30%-40% of BTC network hash rate perpetually ... since AM will be 50TH in 1-2 months, no other competitor can even come close.

^ Those are all guesses, not even close to guaranteed. Hell, not even Friedcat has asserted the claims you just made.

Since mid-february, AM has put up roughly 8TH and begun selling blades. Those are the only facts.
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
Just saw this from a Smoothie post!

http://www.youtube.com/watch?v=-eF6FSdur8k

BFL Jalapeno assembly.

In the description, Josh claims that they'll have 10-20 Jalapenos per week rolling out from these machines, 100 GH/s per week... by the end of May.
Since they are BFL, that means the end of June!

BFL: 100 GH/s per week rolled out
Avalons: won't come out for 9-10 wks, and might still be delayed
Bitfountain: 7.5 TH/s per week Grin

Waiting for shares to go to 2 BTC each.

For the record and for those that don't get it, this is a joke. It's a funny one, but still not quite real :-)

.b
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
Just saw this from a Smoothie post!

http://www.youtube.com/watch?v=-eF6FSdur8k

BFL Jalapeno assembly.

In the description, Josh claims that they'll have 10-20 Jalapenos per week rolling out from these machines, 100 GH/s per week... by the end of May.
Since they are BFL, that means the end of June!

BFL: 100 GH/s per week rolled out
Avalons: won't come out for 9-10 wks, and might still be delayed
Bitfountain: 7.5 TH/s per week Grin

Waiting for shares to go to 2 BTC each.
full member
Activity: 219
Merit: 100
Trying to get the price down?

Yes I did sell my shares, and I would considering buying again at lower prices. However, I have no illusions that the rabid AM masses will let that happen at a sensible price any time soon.

Mostly I'm asking the same thing I asked repeatedly before I sold:
Where the f$@# is all the hashing they promised?

This question should be MORE important to shareholders, so please quit trying to paint me as a manipulator. I am still an investor in bitcoin and watch many things I don't have stake in.



I think at the rate AM is going, you'll be waiting for a long time for cheap shares. I'm not sure if AM will ever be cheap (0.65BTC or less) again, once they are fully deployed, they will likely to keep mining at 30%-40% of BTC network hash rate perpetually, with re-investing of earnings into more hardware. Certainly you will not see cheap shares for this year, since AM will be 50TH in 1-2 months, no other competitor can even come close.

Eventually the block halving will get it there, but that is several years out.  I don't even think the next block halving will cut shares to 0.65BTC or less, as AM will become a major hardware seller & miner by that time.  So if he wants to wait 6+ years for two block halvings... sure. Tongue
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
My point was that there is no such thing as, and unlikely to be in the medium future, an AM-DRIP.  Asking for one is wasting your time.

If you want to reinvest your dividends, buy PT shares with those dividends.  Or convert your AM shares to PT shares and use the PT's DRIP.

I think we're just talking past each other because I don't think anyone talked about an AM DRIP but rather an 'AM equivalent' DRIP, in this case through either an existing PT (which is still not feasible) or a new PT/100.

.b
hero member
Activity: 499
Merit: 500
Yes, and well done to burnside for implementing this.  However a PT-DRIP is not a AM-DRIP.  As an AM shareholder, a DRIP is not a feasible option.  As a PT-shareholder, go nuts.

Pardon my ignorance, I'm a bit light-headed from watching the new AM blade auction, but I don't really see the difference. A PT or a PT/100 is always backed by an equal amount of regular shares. Although the underlying shares aren't traded publicly, the PT+PT/100 are, the major difference being the lack of voting rights and maybe dividend fees. For users, I fail to see the practical difference.

.b



There are subtle differences, basically in that as a PT holder you have an agreement with the PT owner/manager, who has an agreement with AM.  As an AM shareholder you have an agreement with AM.

Yes, a PT or PT/100 should always be backed by shares, and a PT may keep a small percentage of the dividends as a management fee.

Most AM shareholders are not PT holders - total liquidity on the PTs that I am aware of (btct and bitfunder) is less than 15% of total AM shares (not counting the bitfountain shares).

My point was that there is no such thing as, and unlikely to be in the medium future, an AM-DRIP.  Asking for one is wasting your time.

If you want to reinvest your dividends, buy PT shares with those dividends.  Or convert your AM shares to PT shares and use the PT's DRIP.
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