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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 841. (Read 3917468 times)

sr. member
Activity: 302
Merit: 250
What is with the price discrepancy between TAT and burnside passthroughs for?

Very confused at this, cant just be the 5% fee.
hero member
Activity: 574
Merit: 500
Hello, In a pinch. selling 10 direct shares for ([email protected]BTC), who is interested?

Negotiable for the reasonable buyers.
Usually people create a new thread for these then do a single short post here linking to it, to avoid cluttering the main thread with responses and replies.
hero member
Activity: 924
Merit: 1001
Unlimited Free Crypto
Hello, In a pinch. selling 10 direct shares for ([email protected]BTC), who is interested?
Negotiable for the reasonable buyers.

hero member
Activity: 630
Merit: 500
Bitgoblin
Satoshidice was sold, is it just me or should we expect influx of new investors since ASICMINER is probably the only remaining noteworthy investment in bitcoinland today?
It's the main one, but definitely not the only one.
hero member
Activity: 752
Merit: 500
bitcoin hodler
Satoshidice was sold, is it just me or should we expect influx of new investors since ASICMINER is probably the only remaining noteworthy investment in bitcoinland today?
796
hero member
Activity: 532
Merit: 500
Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  Tongue)

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad


Hi burnside,

Since we’re futures exchange, the volume will be great with leverage. The VIP value is easy to earn. And we count 3 times value for automatic settle on Sundays. There has already several members with VIP4 so far. And this VIP tier plan will show its great advantage in the near future. Another reason for the commission plan is that we have free 796Futures-PD exclusively: https://796.com/stockpd?lang=en
Now we gift stocks according to trading volume. For earlier investors, the value of the stocks they get has increased 5 to 10 times; and now the investors can get free stocks for their trading and the value of the stocks can compensate the commission. We guess this is preferable and comforting. See here: https://796.com/other/stock.html?lang=en

About login, users are required to enter Google authenticator after they enable it when they access to their accounts(Mt. Gox style). Besides, we have our creational security code which is saved completely separated and members are requested to enter the security code manually when they want to withdraw. And then we will check the code ourselves. That’s to say, we could definitely protect our users’ fund unless they let out their security code themselves.

Thanks for your attention and your advice.

796 Exchange
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
Does anyone know the number of blades and sticks shipped thus far?
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)

I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html

Ehhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was.   Shocked   I didn't check any deeper.  It's not like that attack was secret.  Trade carefully I guess...



Have not security scanned them but definite trade carefully GLBSE
full member
Activity: 126
Merit: 100
asicminer doesnt have a future

eventualy the block reward will half and so will dividends

Eventually transaction fees will exceed the block reward. There's still several years before the next block reward halving.

Oh no, not again this conversation...

Will you again argue about how much tx fees will be in 2230? This is just really boring and every statement revolving this topic is just pure speculation about bitcoin becoming a widely accepted/worldwide currency. Nobody can predict the possibilities of the following years, not even the following months (I bet neither can FC). Why does this conversation even appear every 5-6 pages or so...
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad



I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html

Ehhh, registered an account and upon further inspection, at least on the buy/sell interfaces it's also vulnerable to the same session hijacking hack that BitFunder was.   Shocked   I didn't check any deeper.  It's not like that attack was secret.  Trade carefully I guess...

legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad



I'm still observing it for a few months to see how it goes from here
At least you get shares hehe
https://796.com/news/detail/24.html
legendary
Activity: 1106
Merit: 1006
Lead Blockchain Developer
Now Satoshi Dice has been sold off, is ASICMiner the only decent security left with a healthy, long term dividend return? (Apart from meta-securities like BTCInvest which invest in other securities).

LTC-Global fits that bill nicely, although it is traded in Litcoins not Bitcoins, on litecoinglobal.com. As far as I can see there isn't a passthrough on btc-tc (yet).

For the sake of transparency I own at least 10 shares of it and am therefor a board member, so keep that in mind. (For the sake of bragging I bought in a few months ago at under 70LTC, and it has traded for over 300LTC recently.  Tongue)

With yield below 5%, along with thin volume and huge bid-ask spread.  I think coins are better put to work elsewhere.  I would recommend looking at 796 exchange.  For full disclosure, I do trade on 796 and own 796 stock.

796's 'btc-settled' future on BTCUSD exchange rate brings something new to the table and allows one to either hedge their BTC, arbitrage opportunity, or long / short BTC with leverage!

Also, you can trade ASICMINER passthrough there as well.

Yeah, it's great if you don't mind not having 2FA to log in and getting pillaged in fees.  From their fee table at https://796.com/vip

Tier    Total volume    Futures trading commission    Stock trading commission    Withdraw fee
VIP0    0    0.6%    1.2%    1.2%
VIP1    10    0.6%    1.2%    1.2%
VIP2    100    0.5%    1.0%    1.0%
VIP3    1000    0.4%    0.8%    0.8%
VIP4    10000    0.3%    0.6%    0.6%
VIP5    100000    0.2%    0.4%    0.4%
VIP6    1000000    0.1%    0.2%    0.2%

You have to trade 1,000,000 BTC volume before you get on PAR with btct.co's trade fees, nevermind that you'd already spent a fortune in fees to get there.  And you can NEVER get on par with btct.co's withdrawal fees which are basically free with the exception of the bitcoind client's fees.

I don't think I've seen fees that bad anywhere.   Sad

sr. member
Activity: 266
Merit: 250
To announce my own survey data. Source According to statistics from taobao.com my agent in China 5G blade sales 351 (each 9.88BTC) 10G sales 203 (each 18.88BTC) did not count the official website does not direct into calculation

Total sales 7299BTC
sr. member
Activity: 248
Merit: 252
[offtopic]



"Global warming?"  The new term is "climate change" because the data failed to support the AGW hypothesis.  Quite the opposite, in fact!   Cheesy


http://www.ncdc.noaa.gov/sotc/global/2013/6

June 2013 was the 340th consecutive month of above-average global temperatures.
http://blogs.agu.org/wildwildscience/2013/04/27/march-2013-is-337th-consecutive-month-above-20th-century-average/

[/offtopic]
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
What are the conditions for a buyback of ASICminer
Here are the only conditions:
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.
I'm ok with that!
No issues here ^_^
We will grow old together haha
legendary
Activity: 1512
Merit: 1012
Still wild and free
What are the conditions for a buyback of ASICminer
Here are the only conditions:
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.
I'm ok with that!
hero member
Activity: 574
Merit: 500
What are the conditions for a buyback of ASICminer
Here are the only conditions:
each ASICMINER share always owns 1/400000 of the company.
...Friedcat's contract with us isn't for life, it's for eternity.
hero member
Activity: 560
Merit: 500
The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Unlike S. Dice, AM shares have voting power. Granted BitFountain does have over 51% of all shares but it's the thought that counts, right?
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.
The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.

Lets add this to the shareholder FAQ that makes two good questions now Smiley

Why are our miners not doing so good with transaction fees compared to other blocks
Latency issues in china etc.

What are the conditions for a buyback of ASICminer
hero member
Activity: 574
Merit: 500
SDICE was on down hill, make sense to sell it, while AM is not, at least yet.

Smart players sell "when the offer is right".

But my point  was really: is there anything "technically" (in the IPO I presume) to stop AM just selling up one day and therefore not paying dividends any more? If so, this is a risk I hadn't even considered.

Yup, there simply aren't enough coins to buy AM. Iirc its more or less the same as S dice, AM can buy back any time they want at the 7 day average price.

Doesn't have to be bought with bitcoins. Some company might say "we need a bitcoin mining company in our portfolio" and make AM an offer they can't refuse? What happens then, they just buy back at 7 day average price, really?

If so, a lot of people that bought into this thing because of the dividends would be mighty pissed.
The only buy-back clause, in either the current or the original OP, made no mention of 7 day average price and was only for the condition not being able to raise enough money before August. 28, 2012. Unless someone provides a link, we can probably assume that stan.distortion didn't recall correctly.

Even if there ever was a buy-back, I'm sure Friedcat would exceed expectations/over-deliver as usual.
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