ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 586.

BitThink

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Quote from: hak8or on November 21, 2013, 12:43:21 AM

Quote from: empoweoqwj on November 21, 2013, 12:22:06 AM

havelock down at the moment? Back up now. Down for about 15 mins.

According to havelock:
Market Cap ฿4672.1613

Which is less than the ฿5484.66 AM listed as assets on 27th October, plus the 4480310.50￥ (about US$700,000)

So this company is worth less than the cash assets they have? Please explain to a layman

As always, the markets are not rational but keep in mind that Havelock only has a certain number of shares, a large majority of the rest of the shares are still direct shares. One line of thought with the very low price of shares on havelock is that havelock only holds like 5% of the total shares Asicminer gave out, so anyone selling like ten shares on havelock will cause a massive price drop but if the same were to happen with the exchange having say 50% of total shares then the price drop would only be a smidgen.

But considering the possibility of more shares will be sold in that case. In statistics, sample size of 5% is good enough in many cases.

Franktank

hero member

Activity: 560

Merit: 500

I'm going to be that guy again and ask if blocks found after today's payout is just variance?

hak8or

full member

Activity: 172

Merit: 100

Quote from: empoweoqwj on November 21, 2013, 12:22:06 AM

havelock down at the moment? Back up now. Down for about 15 mins.

According to havelock:
Market Cap ฿4672.1613

Which is less than the ฿5484.66 AM listed as assets on 27th October, plus the 4480310.50￥ (about US$700,000)

So this company is worth less than the cash assets they have? Please explain to a layman

As always, the markets are not rational but keep in mind that Havelock only has a certain number of shares, a large majority of the rest of the shares are still direct shares. One line of thought with the very low price of shares on havelock is that havelock only holds like 5% of the total shares Asicminer gave out, so anyone selling like ten shares on havelock will cause a massive price drop but if the same were to happen with the exchange having say 50% of total shares then the price drop would only be a smidgen.

stripykitteh

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Activity: 1176

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CryptoTalk.Org - Get Paid for every Post!

Quote from: empoweoqwj on November 21, 2013, 12:22:06 AM

havelock down at the moment? Back up now. Down for about 15 mins.

According to havelock:
Market Cap ฿4672.1613

Which is less than the ฿5484.66 AM listed as assets on 27th October, plus the 4480310.50￥ (about US$700,000)

So this company is worth less than the cash assets they have? Please explain to a layman

That's just the last sale price times the number of shares outstanding on Havelock, which is about 13,000. It's kind of meaningless as the number of shares on Havelock can vary. It makes more sense for shares which are only listed on Havelock.

empoweoqwj

hero member

Activity: 518

Merit: 500

havelock down at the moment? Back up now. Down for about 15 mins.

According to havelock:
Market Cap ฿4672.1613

Which is less than the ฿5484.66 AM listed as assets on 27th October, plus the 4480310.50￥ (about US$700,000)

So this company is worth less than the cash assets they have? Please explain to a layman

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: BitThink on November 20, 2013, 11:08:01 PM

Has any one mentioned about Bitmain chips and mining machines here? https://bitcointalksearch.org/topic/announcement-bitmain-launches-antminer-solution-068-jgh-on-chip-330665

They are selling their hardware (55nm, 2W/GH, 180GH) at around $15.5/GH. I think this will greatly affect the sales of AM machines. Friedcat mentioned there're some ongoing negotiations with some other gen-2 chip teams. How's the progress and whether Bitmain is included? If not, then apparently AM has lost a very good opportunity.

The answer is unfortunately the same answer as nearly all our questions i.e. who knows ............

Doesn't friedcat turn up every 20th with a quick update, or was that just a temporary thing. First it was weekly, then monthly, maybe it will go to quarterly now? Wink

I totally agree with people that say he shouldn't be on this forum all the time answering a neverending list of questions. But there has to be some communication. A middle way.

Franktank

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Activity: 560

Merit: 500

Quote from: webbrowser on November 20, 2013, 11:50:32 PM

Quote from: Jutarul on November 20, 2013, 03:22:24 PM

In the spirit of defusing this a bit, the board is going to have a meeting soon and discuss the communication/transparency issue. The last attempt to improve the situation was well intended but not followed through. This point needs clarification.

Actually, who is the current board? TAT, Burnside and Ukyo were, as pass-thru asset issuers. Who else?

There are a few known board members (outside of PT owners) but don't know if they want to be revealed.

canth

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Activity: 1442

Merit: 1001

Quote from: webbrowser on November 20, 2013, 11:50:32 PM

Quote from: Jutarul on November 20, 2013, 03:22:24 PM

In the spirit of defusing this a bit, the board is going to have a meeting soon and discuss the communication/transparency issue. The last attempt to improve the situation was well intended but not followed through. This point needs clarification.

Actually, who is the current board? TAT, Burnside and Ukyo were, as pass-thru asset issuers. Who else?

Jutarul, not sure who else.

webbrowser

full member

Activity: 215

Merit: 100

Quote from: Jutarul on November 20, 2013, 03:22:24 PM

In the spirit of defusing this a bit, the board is going to have a meeting soon and discuss the communication/transparency issue. The last attempt to improve the situation was well intended but not followed through. This point needs clarification.

Actually, who is the current board? TAT, Burnside and Ukyo were, as pass-thru asset issuers. Who else?

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: Kyune on November 20, 2013, 11:08:21 PM

Quote from: freedomno1 on November 20, 2013, 10:20:19 PM

Quote from: superduh on November 20, 2013, 08:33:58 PM

Quote from: apollojmr on November 20, 2013, 08:27:18 PM

I would like to thank the academy and anyone else that sold low:)) I am in AM heaven with my new shares bought at .23

what?! .23? where - i want them

He's trolling its called timestamped orderbook whistle

Lol I deleted it when I saw AM1 timestamps then checked the charts haha

Three AM1 shares really did sell for .2355 today. Check out:

http://www.coinflow.co/chart/HAVELOCK/AM1

at timestamp Nov 20, 22:20:45-22:20:59.

Ah I was checking havelock and 796 did not think of coinflow guess it did go down that low

Deleted the post after checking the chart which didn't show the update and then rechecked and it was there lol
I apologize nice

Although it is a bit weird that it was not in the havelock chart was 0.3 when I checked it a few hours ago but now its there
https://www.havelockinvestments.com/fund.php?symbol=AM1#ui-tabs-5

limbaugh

legendary

Activity: 1311

Merit: 1000

Quote from: Kyune on November 20, 2013, 11:08:21 PM

Three AM1 shares really did sell for .2355 today. Check out:

http://www.coinflow.co/chart/HAVELOCK/AM1

at timestamp Nov 20, 22:20:45-22:20:59.

Well one of those I picked up. So he increased his holdings by 2. lol

Kyune

sr. member

Activity: 287

Merit: 250

Quote from: freedomno1 on November 20, 2013, 10:20:19 PM

Quote from: superduh on November 20, 2013, 08:33:58 PM

Quote from: apollojmr on November 20, 2013, 08:27:18 PM

I would like to thank the academy and anyone else that sold low:)) I am in AM heaven with my new shares bought at .23

what?! .23? where - i want them

He's trolling its called timestamped orderbook whistle

Lol I deleted it when I saw AM1 timestamps then checked the charts haha

Three AM1 shares really did sell for .2355 today. Check out:

http://www.coinflow.co/chart/HAVELOCK/AM1

at timestamp Nov 20, 22:20:45-22:20:59.

BitThink

legendary

Activity: 882

Merit: 1000

Has any one mentioned about Bitmain chips and mining machines here? https://bitcointalksearch.org/topic/announcement-bitmain-launches-antminer-solution-068-jgh-on-chip-330665

They are selling their hardware (55nm, 2W/GH, 180GH) at around $15.5/GH. I think this will greatly affect the sales of AM machines. Friedcat mentioned there're some ongoing negotiations with some other gen-2 chip teams. How's the progress and whether Bitmain is included? If not, then apparently AM has lost a very good opportunity.

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: superduh on November 20, 2013, 08:33:58 PM

Quote from: apollojmr on November 20, 2013, 08:27:18 PM

I would like to thank the academy and anyone else that sold low:)) I am in AM heaven with my new shares bought at .23

what?! .23? where - i want them

He's trolling its called timestamped orderbook whistle

Lol I deleted it when I saw AM1 timestamps then checked the charts haha

superduh

hero member

Activity: 602

Merit: 500

Quote from: apollojmr on November 20, 2013, 08:27:18 PM

I would like to thank the academy and anyone else that sold low:)) I am in AM heaven with my new shares bought at .23

what?! .23? where - i want them

apollojmr

sr. member

Activity: 311

Merit: 250

The Power Of The Coin Is Awesome!!

I would like to thank the academy and anyone else that sold low:)) I am in AM heaven with my new shares bought at .23

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: skitchen on November 20, 2013, 08:21:05 PM

For anyone wondering, dividends for this week: 0.00132577/share

The storm's already over... What a rough ride

skitchen

member

Activity: 71

Merit: 10

For anyone wondering, dividends for this week: 0.00132577/share

msm595

full member

Activity: 185

Merit: 100

Quote from: 101111 on November 20, 2013, 08:04:38 PM

ok, so it includes the 2 blocks found prior to the div payment, ok nice!

Yes, blocks need to mature before they are spent, and those were not mature enough to spend by the time of dividends.

AM4Bitcoin

full member

Activity: 189

Merit: 100

Yes but i think its luck, if we see this income the next days then we can expect a bigger hashrate.

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 586. (Read 3917468 times)