Author

Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 962. (Read 3917058 times)

sr. member
Activity: 476
Merit: 250
The first is by definition not flawed.
Mining walled emptied according to
http://www.asicminercharts.com/live/

cannot be long now
full member
Activity: 224
Merit: 100
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Best not to quote how many shares of anything you bought anywhere on this board (Thieves/scammers lurking)

In the future, "I bought some shares of ASICMINER on a passthrough" would be a more prudent approach.

Noted, thank you. Not much point editing the original post now I guess since its already been quoted like a dozen times
full member
Activity: 224
Merit: 100
BTW thank you all for answering the questions. Just to clarify the shares I bought are the full versions, not the passthroughs. I assume either way I'm in time for the dividends so thanks guys.
sr. member
Activity: 266
Merit: 250
Science!
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Best not to quote how many shares of anything you bought anywhere on this board (Thieves/scammers lurking)

In the future, "I bought some shares of ASICMINER on a passthrough" would be a more prudent approach.
legendary
Activity: 1904
Merit: 1002
full member
Activity: 224
Merit: 100
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder). Risks aside, the value proposition just seems really good.

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friendcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

First off, 71 shares, damn, you loaded!

1. I don't think you are crazy, it should be all good:D

2. no idea, sorry Sad

haha...loaded? no...just lucky...i bought my stash back in august 2012. Never thought BTC/USD would get this high this quick. Been sitting on my stash too long and i thought hey why not invest some of it and get a nice return? I've done a little research and the only 2 stocks I feel confident enough to touch are ASICminer and S.Dice. But I like the mining angle a lot more than the gambling angle and seeing how well friedcat communicates here and builds so much trust was what pushed me over the edge
sr. member
Activity: 392
Merit: 250
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

1. You are. But we all are Smiley 50-60% annual is good, but it only works if the high dividends stay the way they are. And you have to consider that you will not necessarily be able to sell your shares back at the price you bought them, so in the worst case (share price -> 0), you'll need 100% yield to even start making a profit.

2. Yes
sr. member
Activity: 392
Merit: 250
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friendcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

Dividends need to be high for the stock price to move upwards -- simply because it is an unregulated exchange dealing with people's anonymous hard earned cash.  The reward has to match the risk, and I think the 60% dividends reflect that.  The layers of security are paper thin, so you pretty much answered question 1 on your own.
legendary
Activity: 1008
Merit: 1000
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

If those are pass-through shares, then yeah, you're in time I think.
legendary
Activity: 1176
Merit: 1001
CryptoTalk.Org - Get Paid for every Post!
The suspense is killing me. Come on kitty, I'm supposed to be pretending to work right now.

I'm supposed to hand up a research paper for uni in 2 days that I've been working on since February. The last two months since I discovered AM have been diabolical for my study habits.
full member
Activity: 294
Merit: 100
Friendcat is the best cat.
sr. member
Activity: 246
Merit: 250
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder). Risks aside, the value proposition just seems really good.

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friendcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?

First off, 71 shares, damn, you loaded!

1. I don't think you are crazy, it should be all good:D

2. no idea, sorry Sad
full member
Activity: 224
Merit: 100
I just bought 71 shares of ASICminer on BTC-TC. This is my first time investing in anything using bitcoin (up till now I was a hoarder I guess). Risks aside, the value proposition just seems really good. Of course I didn't invest everything, though I was tempted to

I have two questions.

1) Am I crazy? It just seems too good to be true. Maybe i just trust friedcat too much? Why is the yield sitting on 50-60% annually and yet the price doesn't move upwards much?

2) Am I in time to get the dividends tonight?
sr. member
Activity: 392
Merit: 250
The suspense is killing me. Come on kitty, I'm supposed to be pretending to work right now.

your boss: "congrats on your weekly dividend, johnny!  ... and your termination slip!"

 Cheesy

(sorry if your name isn't johnny, you just seem like a johnny)
sr. member
Activity: 392
Merit: 250
The suspense is killing me. Come on kitty, I'm supposed to be pretending to work right now.
newbie
Activity: 27
Merit: 0
Smiguel's charts show that BTC guild used to be a significant portion of asicminer hashing. What was that arrangement and why did it go down to zero this past week?

ASICMINER started out mining for pools, partially for accountability/audit-ability. Pools take a percentage cut of the rewards, so Friedcat began moving hashing power away from pools and started doing more solo mining (basically mining in a personal pool.)
legendary
Activity: 1512
Merit: 1012
Still wild and free
Smiguel's charts show that BTC guild used to be a significant portion of asicminer hashing. What was that arrangement and why did it go down to zero this past week?

Solo mining.
sr. member
Activity: 246
Merit: 250
Thanks! Hope we all get a nice share Wink
Jump to: