Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 594. (Read 3917468 times)

I invested around 19 btc I earned with selling a miner. When it was 2,5 btc and little above. Have 6 direct shares currently. On short time I would sell on 5. But I am for the dividends see it like long term rents from a bank. When I look back in 5 years I might have 10 btc or more again. I might have lost some btc yes. But if 1 btc becomes over 5000$ I am also happy with the result. But nothing is sure how stuff will go. Maybe divendends go to the roof in the near future.

If AM becomes even more low then I might buy more shares. But me succes in bitcoin is in asicminer hands.

Bitcoin is risky don't use money you can't afford to lose and by happy with the results this ride brings. I still have regrets when btc was 8$ but yea I follow the above rule so there will by more chances in life.

Is there anyway to contact friedcat? Does he respond to PM's?

I transfered my shares from BTCT to direct shares but I didn't receive any dividend last week ( I did receive it the 2 weeks before that so I hope everything is ok with my shares )

He-he there were brief selling moments when the exchange rate in fiat went down 200 bucks whistle
But ha-ha pretty much this until the exchange rate stabilizes (Not for a while Senate news is still bringing volatility (EDIT Volatility as in above the usual bitcoin volatility we are all used to lol )

The market was crazy today hard as heck to try and figure out where to move on the exchanges

My plan was to cash out half my shares at 5 because I bought at 2.5. But the price never quite got there on btct as far as  I know, got to around 4.8 from memory. People with direct shares could have auctioned some off for 5 I suppose.

But actually now, I'm happy to still have all my shares. Being invested heavily in a Chinese bitcoin mining company seems to be the exactly right place at this point. Time will tell of course.

Of course people are locking in profits, because I am fairly sure that bitcoin will dip again soon. That is the benefit of the early adopters that they can now take all those shiny Winklevoss dollar bills we are all so opposed to...
Also, US senate.

That said, with the amount of money and us selling about 10-12% of current network capacity in the last week and the next weeks, I don't see why more people are selling, but it is the small(er) investors that are on Havelock. But if I were one of the whales, I'd sell 100-200 shares right now, cash out to Euros or dollars, and buy myself a new car. Bonus points if you cashed out at 5

People are cashing out BTC, selling their assets, this includes AM shares, dividends will set a trend up or down for the future of AM. I have seen cubes sold allover the place and the price may lower for it. Awaiting with excitement the next develops of this project

Yes this is what I mean, I already have an address set up to my wallet, though the last dividends were paid to my bitfunder account which im assuming was still the correct thing to happen

If im able to transfer my shares back to bitfunder what will happen to them when the site closes? will they simply become a direct share with AM with dividends being paid to my public bitcoin address I have in bitfunder

thanks

If I understand correctly, you are mainly focused on getting the dividends? If so, Asicminer should have your public bitcoin address, and they send the dividends to that address. For example, I have my public address in bitfunder set to an address I own, so every week I get the dividends of that one share. That share is a direct share.

thanks for your reply mate

Im not really too sure if converting to Havelock is in my best interest, im not saying it isn't, im just not sure

I have already completed the direct transfer function to TAT and the email has been sent so the shares are currently with him now. Not sure if what ive done can be un-done.

based on my situation in my original post is this the best way for me to go? surely theres a way to receive my dividends and not have to move the shares somewhere for a fee?

I just hate paying fees

thanks in advance

It seems like now is the right time to buy some AM shares, no?

Thanks! I've now read a couple of pages and am back on track. Yeah, actually I've been on holiday when all that went down, so yeah...

I don't "think" he would, but there's always a chance: he said he got the funds for 2 yrs of lab time, which as far as I know does not generate revenue - this assumes AM does not add to their mining farm. Asicminer was supposed to get 500TH shipped for October, I'm not sure if those are the cubes, but they could be: one nice dividend then what? You're speculating about what one "could" do with funds but I am just going along with what appears to be a sample scenario: friedcat saves enough to support staff/research for two years and fab time, while mining and hardware revenues continue to dwindle down (see past history).
We were promised a new chip gen for sept/October too, and it didn't arrive. What if the same thing happened again for the next gen? It is important to understand risks at this point.

The ROI is calculated depending on share price and dividend. What's AM's % of the network? Graph that over the last 6 months. If in a year AM has dropped the divs by half then your ROI will have dropped by about half too (if you buy at current).
How many dividends has AAPL paid? GOOG? A company gives out dividends at its discretion, be happy that ASICminer does, but you should see the value of the company beyond dividends, especially with the current push to sell hardware. Just like friedcat held back some divs the past few months, nothing prevents him from withholding ALL of if if he feels he needs to.

Why not use havelock?

You probably converted your g.asic shares to am100 shares which was an option given by TAT. If you want direct shares you need to transfer 105 shares for each direct share to TAT and send him an email with your btc wallet/email address. You can see more info on how to do this in the description on havelock.

Yep, same here. From 2.5 down to .51.. I'm more 90% AM of my original BTC.

> who else should be on the boat right now if not us?

lol so true!

Sorry for the noob reply and I know this is slightly off topic

Ive converted my G ASIC shares to direct shares with Friedcat by pushing the shares to TAT.Investments, ive neglected to appreciate the full understanding of what I have done. For this transaction the shares are charged 5 microshares per whole share so they can be listed on Havelock AM100 and this is not what I want.

So my situation is:

1. I wish to hold the shares and not sell them (but obviously they need to be held somewhere)
2. I do not wish to buy anymore shares in AM atm
3. I Want the dividends to be sent to my private wallet

What is the best way to achieve this without fees and whilst securing my shares after bitfunder closes?

thanks

Can you disclose what "local" is, please?

  just saw a pic of AM usb units on the local news 
Said btc = 650.  I guess they broadcast from under a rock lol!

3 months is totally a long time... Short term investors sell now and Ill be sure to sell your shares back in 3 months when next gen is deployed.

Where have you been?  unless you know Chinese ...

http://v.youku.com/v_show/id_XNjI1OTIxMTc2.html