Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 792. (Read 3917468 times)

Quote from: chriswilmer on August 16, 2013, 01:41:40 PM

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

Hotcats? Maybe even fried?

that's a BTC100,000,000 idea right there...

Fried, Hot Cats sold from a Garden, with ICE tea on the side :-)

I think that Hot Cats are bASICally, nasty from a nutritional standpoint. I wouldn't want to be anyone's Lab Rat with regard to finding out whether it is safe to eat. It's entirely possible that they feed them (BTC)Growth hormones to get them meaty enough. When it comes to chemicals in food, it's like a sandstorm of possible problems that could arise.

Guys, I filled this thread with alot of nonesense for many months now and got numerous ignores...... But you really opened my eyes to the necessity of this button......

Ninshatamoto

member

Activity: 69

Merit: 10

Quote from: keeron on August 16, 2013, 04:53:57 PM

Quote from: velacreations on August 16, 2013, 02:46:01 PM

Quote from: chriswilmer on August 16, 2013, 01:41:40 PM

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

Hotcats? Maybe even fried?

that's a BTC100,000,000 idea right there...

Fried, Hot Cats sold from a Garden, with ICE tea on the side :-)

I think that Hot Cats are bASICally, nasty from a nutritional standpoint. I wouldn't want to be anyone's Lab Rat with regard to finding out whether it is safe to eat. It's entirely possible that they feed them (BTC)Growth hormones to get them meaty enough. When it comes to chemicals in food, it's like a sandstorm of possible problems that could arise.

keeron

full member

Activity: 180

Merit: 100

Quote from: velacreations on August 16, 2013, 02:46:01 PM

Quote from: chriswilmer on August 16, 2013, 01:41:40 PM

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

Hotcats? Maybe even fried?

that's a BTC100,000,000 idea right there...

Fried, Hot Cats sold from a Garden, with ICE tea on the side :-)

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: chriswilmer on August 16, 2013, 01:41:40 PM

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

Hotcats? Maybe even fried?

that's a BTC100,000,000 idea right there...

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: chriswilmer on August 16, 2013, 01:41:40 PM

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

Hotcats? Maybe even fried?

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: JimiQ84 on August 16, 2013, 02:18:54 PM

Bitfountain invested know-how. Asicminer would be worthless without it. Know-how is what makes the difference between failure and success.

know-how, experience, contacts, location, etc, etc, etc

They took a company from nothing to almost $200M in under a year. I think that warrants some ownership.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Quote from: Aedius on August 16, 2013, 01:43:06 PM

Quote from: TheJuice on August 16, 2013, 12:15:59 PM

Quote from: GodHatesFigs on August 16, 2013, 06:29:47 AM

Basic math shows how overpriced the shares are: there are ~10million more bitcoins left to be mined over the next century or so. Even if ASICMiner were able to maintain 20% of the total network hashrate throughout that period (breathtakingly unlikely), they'd only mine 2million BTC. Split between the 400,000 shares that creates an upper limit of 5BTC/share.

You did forget the hardware sales

You forgot 2 things:

1) If a company is selling shovels to those looking for gold. Can the company make more than all the gold that exists in the world? Obviously YES. AsicMiner is selling shovels. I saw someone try and estimate the amount of hashing by asicminer hardware (sales + it's own) - i think it was more like 30% of total network speed.
2) Transaction fees. When bitcoin takes off we should see transaction fees drastically increase, thus the about 'mined' is infinite.

This is correct. If Bitcoin is to succeed, then AM will likely be around for a long time. If there is mass adoption of Bitcoin, block rewards could be higher than they are now.

Does anyone else find it interesting that the share price of ASICMINER has seemed to move inversely proportional to the price of BTC? Perhaps this is do to the recent string of IPOs and people looking to make a 'quick buck'. IMO, ASICMINER is a leveraged bet on the success of BTC and if BTC is successful then ASICMINER is vastly undervalued at current levels.

Not ASICMINER, The whole bitcoin related stock market is affected by it especially the companies who got more friction against fiat.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: Kuroth on August 16, 2013, 02:13:45 PM

Quote from: Francesco on August 10, 2012, 08:26:37 AM

How much has Bitfountain already invested, to give it right to 50% of shares?

Good Question.. I would like to know too..

Bitfountain invested know-how. Asicminer would be worthless without it. Know-how is what makes the difference between failure and success.

Kuroth

full member

Activity: 196

Merit: 100

Quote from: Francesco on August 10, 2012, 08:26:37 AM

How much has Bitfountain already invested, to give it right to 50% of shares?

Good Question.. I would like to know too..

Aedius

newbie

Activity: 57

Merit: 0

Quote from: TheJuice on August 16, 2013, 12:15:59 PM

Quote from: GodHatesFigs on August 16, 2013, 06:29:47 AM

Basic math shows how overpriced the shares are: there are ~10million more bitcoins left to be mined over the next century or so. Even if ASICMiner were able to maintain 20% of the total network hashrate throughout that period (breathtakingly unlikely), they'd only mine 2million BTC. Split between the 400,000 shares that creates an upper limit of 5BTC/share.

You did forget the hardware sales

You forgot 2 things:

1) If a company is selling shovels to those looking for gold. Can the company make more than all the gold that exists in the world? Obviously YES. AsicMiner is selling shovels. I saw someone try and estimate the amount of hashing by asicminer hardware (sales + it's own) - i think it was more like 30% of total network speed.
2) Transaction fees. When bitcoin takes off we should see transaction fees drastically increase, thus the about 'mined' is infinite.

This is correct. If Bitcoin is to succeed, then AM will likely be around for a long time. If there is mass adoption of Bitcoin, block rewards could be higher than they are now.

Does anyone else find it interesting that the share price of ASICMINER has seemed to move inversely proportional to the price of BTC? Perhaps this is do to the recent string of IPOs and people looking to make a 'quick buck'. IMO, ASICMINER is a leveraged bet on the success of BTC and if BTC is successful then ASICMINER is vastly undervalued at current levels.

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: TheJuice on August 16, 2013, 12:15:59 PM

Quote from: GodHatesFigs on August 16, 2013, 06:29:47 AM

Basic math shows how overpriced the shares are: there are ~10million more bitcoins left to be mined over the next century or so. Even if ASICMiner were able to maintain 20% of the total network hashrate throughout that period (breathtakingly unlikely), they'd only mine 2million BTC. Split between the 400,000 shares that creates an upper limit of 5BTC/share.

You did forget the hardware sales

You forgot 2 things:

1) If a company is selling shovels to those looking for gold. Can the company make more than all the gold that exists in the world? Obviously YES. AsicMiner is selling shovels. I saw someone try and estimate the amount of hashing by asicminer hardware (sales + it's own) - i think it was more like 30% of total network speed.
2) Transaction fees. When bitcoin takes off we should see transaction fees drastically increase, thus the about 'mined' is infinite.

Theoretically, ASICMiner could start selling hot dogs if it made business sense. Thus, the profits from the dividends are not constrained in any way by the number of bitcoins remaining to be mined.

TheJuice

hero member

Activity: 845

Merit: 609

Quote from: GodHatesFigs on August 16, 2013, 06:29:47 AM

Basic math shows how overpriced the shares are: there are ~10million more bitcoins left to be mined over the next century or so. Even if ASICMiner were able to maintain 20% of the total network hashrate throughout that period (breathtakingly unlikely), they'd only mine 2million BTC. Split between the 400,000 shares that creates an upper limit of 5BTC/share.

You did forget the hardware sales

You forgot 2 things:

1) If a company is selling shovels to those looking for gold. Can the company make more than all the gold that exists in the world? Obviously YES. AsicMiner is selling shovels. I saw someone try and estimate the amount of hashing by asicminer hardware (sales + it's own) - i think it was more like 30% of total network speed.
2) Transaction fees. When bitcoin takes off we should see transaction fees drastically increase, thus the about 'mined' is infinite.

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: tinus42 on August 16, 2013, 07:41:08 AM

Quote from: Kuroth on August 16, 2013, 09:27:44 AM

Im actually quite happy to have bought AM shares back in the GLBSE days and i'm looking forward to buy more.

I found this: https://www.havelockinvestments.com/fund.php?symbol=AM1

Is this a legitimate way to purchase AM shares? The text there sounds like AM is in contract with havenlock investments?

Actually if you buy one of these PT shares you have a contract with Thick As Thieves who has a contract with Havelock.

There's no contract with Havelock. When you buy a TATI PT share, we hold "real" shares for each represented share.

velacreations

sr. member

Activity: 476

Merit: 250

I think I might Sell.. Good time bad time too?

I would wait and get the dividends for the next few weeks, as they should be significantly higher (.03-.04) that now, which will certainly push share prices up.

Kuroth

full member

Activity: 196

Merit: 100

I think I might Sell.. Good time bad time too?

tinus42

hero member

Activity: 784

Merit: 501

Quote from: TsuyokuNaritai on August 16, 2013, 07:37:03 AM

Im actually quite happy to have bought AM shares back in the GLBSE days and i'm looking forward to buy more.

I found this: https://www.havelockinvestments.com/fund.php?symbol=AM1

Is this a legitimate way to purchase AM shares? The text there sounds like AM is in contract with havenlock investments?

Actually if you buy one of these PT shares you have a contract with Thick As Thieves who has a contract with Havelock.

BitcoinOxygen

sr. member

Activity: 336

Merit: 250

Quote from: ?? on ??

Is this a legitimate way to purchase AM shares?

It's one of the many ways.
It's a pass-through, but it can give you direct shares if you want it.

There are lots of other pass-throughs too, here's a guide to some of them: https://bitcointalksearch.org/topic/howto-tradingbuyingselling-asicminer-shares-overview-and-comparison-188550

Although it doesn't look it if you're new to AM pass-throughs, right at the minute it's probably better to buy the btctc ones at the current prices. It's currently a little more expensive that BitFunder, whereas it's normally a lot more expensive than BitFunder.

https://btct.co/security/ASICMINER-PT

This should be a good time to buy. There are big profits coming from sales, and if the APR is suddenly about 50% even for one week, the buzz from that alone should attract some decent money in.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Is this a legitimate way to purchase AM shares?

It's one of the many ways.
It's a pass-through, but it can give you direct shares if you want it.

There are lots of other pass-throughs too, here's a guide to some of them: https://bitcointalksearch.org/topic/howto-tradingbuyingselling-asicminer-shares-overview-and-comparison-188550

Although it doesn't look it if you're new to AM pass-throughs, right at the minute it's probably better to buy the btc-e ones at the current prices. It's currently a little more expensive that BitFunder, whereas it's normally a lot more expensive than BitFunder.

https://btct.co/security/ASICMINER-PT

This should be a good time to buy. There are big profits coming from sales, and if the APR is suddenly about 50% even for one week, the buzz from that alone should attract some decent money in.

101111

hero member

Activity: 525

Merit: 500