Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 850. (Read 3917468 times)

full member
Activity: 160
Merit: 100
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.

Writing puts is bullish, correct?

If you don't know the basics, don't get involved with puts and calls. You will be the "idiot in the room". Puts and calls are complex options. Don't let any put option writer tell you otherwise. They are the ones looking for the suckers to make easy money from.

Bullish nothing else considered, but in reality it would depend on the writer's overall position. For instance, if I do write puts I'd probably sell some AM to compensate.
full member
Activity: 160
Merit: 100
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.

http://www.coinflow.co/chart/ASICMINER-PT

Thanks, but I need the actual data (e.g. daily prices) as a csv or similar. Otherwise I am guessing at the vol and the option price.
hero member
Activity: 518
Merit: 500
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.

Writing puts is bullish, correct?

If you don't know the basics, don't get involved with puts and calls. You will be the "idiot in the room". Puts and calls are complex options. Don't let any put option writer tell you otherwise. They are the ones looking for the suckers to make easy money from.
legendary
Activity: 1267
Merit: 1000
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.

Writing puts is bullish, correct?
full member
Activity: 223
Merit: 100
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.

http://www.coinflow.co/chart/ASICMINER-PT
full member
Activity: 160
Merit: 100
Where can I get historical price data for AM? interested in writing puts  but need at least some ide of vol.
hero member
Activity: 817
Merit: 1000
Truth is a consensus among neurons www.synereo.com
Anyone?

Canth responded to your question.

Yes, but give it 3-4 days for the transfer to take place. Friedcat only does transfers 2x a week, so have a bit of patience.

Oops.
Sorry and thanks. Smiley
sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
Update

Online Hashes (theoretical): 24TH/s. Struggling at current 22TH/s in average due to maintenance and troubleshooting (mainly PSU and internal LAN hardware). We are fixing some bottleneck while bringing new hashpower online at the same time.

...

We are using the same transaction policy of the official Bitcoin client's default behavior.

More lost transaction fees?

ASICminer block:
http://blockchain.info/block-index/399919/0000000000000023b473d0118a068beff6c15b8b7d5379f172c91f36899420a8
Number Of Transactions   16
Output Total   584.05425751 BTC
Estimated Transaction Volume   328.27747525 BTC
Transaction Fees   0.005 BTC

Next block found by Eligius:
http://blockchain.info/block-index/399425/00000000000000100a58abf45cbbd272031d4f4bb4f6b9ade606e81affb4503f
Number Of Transactions   1024
Output Total   86,602.23448693 BTC
Estimated Transaction Volume   76,527.88321944 BTC
Transaction Fees   7.31657536 BTC

legendary
Activity: 1008
Merit: 1000
I think it's a positive sign for shareholders... just think how much higher the dividends COULD be if ASICMiner was trying to get all of the transaction fees! Smiley
legendary
Activity: 1064
Merit: 1000
Errr...  this is embarrassing.
hero member
Activity: 574
Merit: 500
Some choice cuts from The Genesis Block's 2013 Bitcoin Mid-Year Review and Outlook. (The ASICMiner bit starts on page 16).

Quote
They have been the only ASIC manufacturer to have products available to ship immediately upon payment. This is starkly contrasted with their competitors BFL and Avalon who have opted to pre-sell all orders before shipping, causing customers to wait 3-12 months before receiving products.
Quote
The initial ASICMiner IPO was in August 2012 and sold in lots of 5,000 shares for 0.1 BTC each, raising over $100,000 for initial ASIC production. As of this writing, shares are trading at 4.25 BTC each, providing initial shareholders a 42,500% return in 8 months and netting IPO investors millions of dollars in gains
hero member
Activity: 574
Merit: 500
Anyone?

Canth responded to your question.

Yes, but give it 3-4 days for the transfer to take place. Friedcat only does transfers 2x a week, so have a bit of patience.
hero member
Activity: 817
Merit: 1000
Truth is a consensus among neurons www.synereo.com
If I understand correctly,

Can I buy (let's say) 20 shares of AM-PT on BTCT, and then transfer all of them immediately to be direct shares by asking burnside? (And then again once per month?)

Anyone?
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Transaction fees is a very long term issue

However I am curious on the difference between AM blocks and non AM blocks as well that is a good shareholder question

If I recall the bitcoin wiki had an answer to this question somewhere.

https://en.bitcoin.it/wiki/Transaction_fees
https://en.bitcoin.it/wiki/Weaknesses

Spamming transactions
It is easy to send transactions to yourself repeatedly. If these transactions fill blocks to the maximum size (1MB), other transactions would be delayed until the next block.
This is made expensive by the fees that would be required after the 50KB of free transactions per block are exhausted. An attacker will eventually eliminate free transactions, but Bitcoin fees will always be low because raising fees above 0.01 BTC per KB would require spending transaction fees. An attacker will eventually run out of money. Even if an attacker wants to waste money, transactions are further prioritized by the time since the coins were last spent, so attacks spending the same coins repeatedly are less effective
legendary
Activity: 1904
Merit: 1002
Oh really?  Because anytime I have EVER heard of Bitcoin being presented to newcomers is "low transactions fees!", "virtually nothing compared to paypal", etc, etc..

When I was introduced to bitcoin, the pitch didn't even mention fees.  When I pitch bitcoin, I only talk about fees when asked.

That's you.  You think of the transaction fees go way up Bitcoin is going to still be as attractive?  You've lost your mind.  Transaction fees play a HUGE role.

Quote
Anyway, it seems you are claiming that Bitcoin has no value other than lower fees and will die without them.  Can you explain why decentralized control, potential privacy, and censorship resistance are not worth anything?


Okay now you're just talking nonsense.  I never said those other points are not worth anything.


You said it would die with higher fees.  In my opinion, those other features make bitcoin transactions worth MORE than fiat transactions.


Right, because the miners are more important than the people actually using the currency.   Roll Eyes

Which orifice did you pull that from?  I certainly didn't say it.

Quote
Come on, man.  You know as well as I do that that's not true.. nobody is going to want to use Bitcoin as a currency if they pay the same fees as banking, and ESPECIALLY if those fees are the same or more than Paypal. 

Except in the 30+ countries in the world that PayPal isn't allowed to service because of the overreach of the US Gov.
newbie
Activity: 35
Merit: 0
So let's say someone decided to mine a huge portion of the network, such as Friedcat does.  Then they get paid by someone who wants to destroy Bitcoin to deliberately slow their latency down so that they are able to solve blocks with a very minimal amount of transactions.  

You get a few people doing this, and it would destroy Bitcoin.

Much more creative than a 51% attack..

It would not destroy bitcoin.  It would drive up transaction fees until either not including them is too expensive or more honest miners come online.

driving up transaction fees could destroy Bitcoin as an alternate currency, seeing as how low transaction fees is supposed to be one of it's strongest points.

I don't see low transaction fees as among it's strongest features.  More important are decentralized control, potential privacy, and censorship resistance.  In fact these features provide the business case for paying more for transactions than with fiat based systems.  Lower fees are just a nicety of the current economics.

I strongly disagree.  As a merchant paying 1.75% to 3% for credit card transactions (100's everyday) it adds up.
sr. member
Activity: 392
Merit: 250
Oh really?  Because anytime I have EVER heard of Bitcoin being presented to newcomers is "low transactions fees!", "virtually nothing compared to paypal", etc, etc..

When I was introduced to bitcoin, the pitch didn't even mention fees.  When I pitch bitcoin, I only talk about fees when asked.

That's you.  You think of the transaction fees go way up Bitcoin is going to still be as attractive?  You've lost your mind.  Transaction fees play a HUGE role.

Quote
Anyway, it seems you are claiming that Bitcoin has no value other than lower fees and will die without them.  Can you explain why decentralized control, potential privacy, and censorship resistance are not worth anything?


Okay now you're just talking nonsense.  I never said those other points are not worth anything.


You said it would die with higher fees.  In my opinion, those other features make bitcoin transactions worth MORE than fiat transactions.


Right, because the miners are more important than the people actually using the currency.   Roll Eyes
Come on, man.  You know as well as I do that that's not true.. nobody is going to want to use Bitcoin as a currency if they pay the same fees as banking, and ESPECIALLY if those fees are the same or more than Paypal. 
legendary
Activity: 1904
Merit: 1002
Oh really?  Because anytime I have EVER heard of Bitcoin being presented to newcomers is "low transactions fees!", "virtually nothing compared to paypal", etc, etc..

When I was introduced to bitcoin, the pitch didn't even mention fees.  When I pitch bitcoin, I only talk about fees when asked.

That's you.  You think of the transaction fees go way up Bitcoin is going to still be as attractive?  You've lost your mind.  Transaction fees play a HUGE role.

Quote
Anyway, it seems you are claiming that Bitcoin has no value other than lower fees and will die without them.  Can you explain why decentralized control, potential privacy, and censorship resistance are not worth anything?


Okay now you're just talking nonsense.  I never said those other points are not worth anything.

You said it would die with higher fees.  In my opinion, those other features make bitcoin transactions worth MORE than fiat transactions.
sr. member
Activity: 392
Merit: 250
Oh really?  Because anytime I have EVER heard of Bitcoin being presented to newcomers is "low transactions fees!", "virtually nothing compared to paypal", etc, etc..

When I was introduced to bitcoin, the pitch didn't even mention fees.  When I pitch bitcoin, I only talk about fees when asked.

That's you.  You think of the transaction fees go way up Bitcoin is going to still be as attractive?  You've lost your mind.  Transaction fees play a HUGE role.

Quote
Anyway, it seems you are claiming that Bitcoin has no value other than lower fees and will die without them.  Can you explain why decentralized control, potential privacy, and censorship resistance are not worth anything?


Okay now you're just talking nonsense.  I never said those other points are not worth anything.
legendary
Activity: 1904
Merit: 1002
Oh really?  Because anytime I have EVER heard of Bitcoin being presented to newcomers is "low transactions fees!", "virtually nothing compared to paypal", etc, etc..

When I was introduced to bitcoin, the pitch didn't even mention fees.  When I pitch bitcoin, I only talk about fees when asked.

Anyway, it seems you are claiming that Bitcoin has no value other than lower fees and will die without them.  Can you explain why decentralized control, potential privacy, and censorship resistance are not worth anything?
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