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Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It - page 979. (Read 3917568 times)

full member
Activity: 140
Merit: 100
Meanwhile, is it too early to start estimating the next dividends? I would bet on no less than 0.036, possibly even breaking the record, seeing how much the hash rate increased in the last few days. And I feel the divs are not going below 0.03 anymore until competitors roll out their ASICs en masse. What do you think?
Read the last few pages of this thread, there have already been some estimates, which are very different from yours, and are more informed.

I have been reading for 5 days, not reading older posts. Yes, people say that sales divs are gonna be down because the blades are sold out, but they are still selling USB sticks, aren't they?

Of course I'm likely wrong, because I haven't come from finance and all this is still new to me. So please be welcome to point at my mistakes, as I'm always happy to learn. Thank you!
full member
Activity: 173
Merit: 100
An estimate of the value of an ASICMiner share (with conservative-ish assumptions)

Assumptions:
   * Bitcoin will still be around by the time our kids become adults.
   * AM will maintain a minimum of 20% of total hashrate for another five years. (about 80% of total coins will be mined by that time [1])
   * Tx fee is down to zero:(
   * Operaional fee is zero:)

Calculations:
   * Total number of coins will be mined by AM by Jun 2018:
     (52500 * 3.5 * 25 + 52500 * 1.5 * 12.5) * 0.2 = 1115625.0
   * Let X be the percentage on sales income over mining income,
     Price per share (PPS) will be 1115625.0 * (1 + X) / 400000,
         X = 0.1, PPS = 3.068 BTC;
         X = 0.2, PPS = 3.347 BTC;
         X = 0.3, PPS = 3.626 BTC;
         X = 0.4, PPS = 3.905 BTC;
         X = 0.5, PPS = 4.184 BTC;
         X = 0.6, PPS = 4.463 BTC;
         X = 0.7, PPS = 4.741 BTC;
         X = 0.8, PPS = 5.020 BTC;
         X = 0.9, PPS = 5.299 BTC;
         X = 1.0, PPS = 5.578 BTC; (We are around here as of recently)
         X = 1.1, PPS = 5.857 BTC;
         X = 1.2, PPS = 6.136 BTC;
         X = 1.3, PPS = 6.415 BTC;
         X = 1.4, PPS = 6.694 BTC;
         X = 1.5, PPS = 6.973 BTC;
         ...

References:
   [1] https://en.bitcoin.it/wiki/Controlled_supply

(Be diligent and do your own calculations. I am a shareholder and I am biased.)
g83
sr. member
Activity: 448
Merit: 250
Super Smash Bros. Ultimate Available Now!
My estimate for next div is 0.02684
full member
Activity: 230
Merit: 100
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Updated by dividend day 2013-06-12

Why does it say DeaDTerra PT has 12,876 shares when in reality there are 18,845 shares listed on BitFunder?

There might be another DeaDTerra address which is not known to me.
hero member
Activity: 630
Merit: 500
Bitgoblin
Meanwhile, is it too early to start estimating the next dividends? I would bet on no less than 0.036, possibly even breaking the record, seeing how much the hash rate increased in the last few days. And I feel the divs are not going below 0.03 anymore until competitors roll out their ASICs en masse. What do you think?
Read the last few pages of this thread, there have already been some estimates, which are very different from yours, and are more informed.
full member
Activity: 140
Merit: 100
Hi there!
I'm yet another AM-PT shareholder, bought my 25 for 2.48BTC a few days ago, very happy with this investment so far. And like many of you, I'm watching closely how the 3BTC wall is crumbling under pressure, an exciting show indeed!

Meanwhile, is it too early to start estimating the next dividends? I would bet on no less than 0.036, possibly even breaking the record, seeing how much the hash rate increased in the last few days. And I feel the divs are not going below 0.03 anymore until competitors roll out their ASICs en masse. What do you think?
legendary
Activity: 1904
Merit: 1002
I nominate a query about mining a small amount on p2pool in order to keep it finding at least a block a day.  In fact, with p2pool, if they are able to mine more efficiently than the average, they can potentially earn more than solo mining.

P2pool currently has a 30.2 hour average block time.  Helping keep p2pool alive is beneficial to the community and if the operators can achieve lower latency than the average the payout should beat solo mining[1].

1. http://p2pool.me/payment-system/
hero member
Activity: 518
Merit: 500
first BTC3 then, the moon!

That 2.99 wall is pretty tough...

where are you looking? There is only 90 shares left < 3btc @ https://btct.co/security/ASICMINER-PT
sr. member
Activity: 305
Merit: 250
first BTC3 then, the moon!

That 2.99 wall is pretty tough...
legendary
Activity: 1611
Merit: 1001
first BTC3 then, the moon!
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Also, why is anyone selling shares under 3BTC? i just can't grasp it.

Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again.

BTC/USD has never been that high, it was $256, for a moment, 2 months ago.

Consider my statement suitably modified. People are selling because they think the price will fall.
Or like myself they have taken profit and are watching.  

   I sold off at about 2.49btc but it was worth 123 usd per btc.  quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd.   If I buy some btc today via coin base  and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars.  A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never  want to have more then 5000 usd at risk cashing out my AM seemed best.
 


This is why I don't have everything in one BTC stock.  I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term.  Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much.

 Are you living in the usa? If you are and can afford to believe that BTC will crush the USD  then you are doing the best strategy.

   I would like to believe fully in BTC ,but living in the USA and seeing how they cracked down on MtGox and a few other BTC to USD companies It makes it more difficult for me to do that. If The USA closes Coinbase my coins will be frozen for over 30 days as my MtGox account has been shut due to a drivers license issue. Heck if you were in Cypress or Argentina and had most of your money in BTC you did very well.
hero member
Activity: 560
Merit: 500
Just posting another reminder for those that have questions for friedcat. A few of us have started to compile questions for submission. Please keep in mind that it is very possible he may not answer some/any questions but would still like to submit them, on behalf of the "minority shareholders."

The plan is to submit these questions on a monthly basis.

Use "Q/A for ASICMiner" for the subject line.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Also, why is anyone selling shares under 3BTC? i just can't grasp it.

Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again.

BTC/USD has never been that high, it was $256, for a moment, 2 months ago.

Consider my statement suitably modified. People are selling because they think the price will fall.
Or like myself they have taken profit and are watching.  

   I sold off at about 2.49btc but it was worth 123 usd per btc.  quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd.   If I buy some btc today via coin base  and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars.  A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never  want to have more then 5000 usd at risk cashing out my AM seemed best.
 


This is why I don't have everything in one BTC stock.  I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term.  Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much.

A good strategy is always accumulation
In this case that would be the accumulation of Bitcoins when the price is lower you can usually get more of them than if the price is higher while maintaining the positional value of the market price
Hedging of sorts
On that note
[email protected] (Hmm that 0.3 is close)
It is Psychological after all
full member
Activity: 144
Merit: 100
Also, why is anyone selling shares under 3BTC? i just can't grasp it.

Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again.

BTC/USD has never been that high, it was $256, for a moment, 2 months ago.

Consider my statement suitably modified. People are selling because they think the price will fall.
Or like myself they have taken profit and are watching.  

   I sold off at about 2.49btc but it was worth 123 usd per btc.  quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd.   If I buy some btc today via coin base  and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars.  A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never  want to have more then 5000 usd at risk cashing out my AM seemed best.
 


This is why I don't have everything in one BTC stock.  I have more faith in BTC than in USD... I think that it has a much greater chance of becoming worthless in the long term.  Even though BTC has devalued a bit in the last couple of weeks (and a lot more since its high) I've been able to grow my BTC holdings over the past month through investing, so the actual USD amount that I have is not going down much.
member
Activity: 88
Merit: 10
The sheep who walks through walls.
Perhaps, because the very sensitive nature of this issue, actual security measures are best kept hidden from the public. Still, some reassurance on the matter surely can't hurt Wink

+1. We should make sure they know that this is a high priority issue for us, but for many reasons it's probably best if the actual details of security measures aren't broadcast. If friedcat assures us it's a high priority and they have taken serious measures both to defend themselves and made it so it would be strongly against the best interests of potential attackers to do so, that's good enough for me.

+1.  My thoughts exactly.

I'd like to +2 that sentiment.
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
Also, why is anyone selling shares under 3BTC? i just can't grasp it.

Because they watched BTC fall from $290 to $100 several weeks ago, and don't want to get caught holding the bag again.

BTC/USD has never been that high, it was $256, for a moment, 2 months ago.

Consider my statement suitably modified. People are selling because they think the price will fall.
Or like myself they have taken profit and are watching.  

   I sold off at about 2.49btc but it was worth 123 usd per btc.  quick math I sold at 306 usd a share. AM is now 2.9 btc but a btc is 100usd so a share is now 290 usd.   If I buy some btc today via coin base  and grab 10 shares I save about 160 usd in price. Here in the USA coins have been squeezed tight to cash into dollars.  A few months ago when I wanted to cash a coin. I had 4 easy choices now coin base is all i have and it takes more then a few days to cash out. Since I keep this at a lower value on purpose > I never  want to have more then 5000 usd at risk cashing out my AM seemed best.
  

    I have 824 usd at risk with bfl.  715 at risk with cloud hashing.com  360 at risk with a group buy of a 110gh bit fury. that is about 1600 usd.  I have about 10 coins  sitting another 1000 usd =  a total of 2600 usd that can go poof. my gpu farm slowly decreases in value maybe  i get 3000 usd if i part it out on ebay.

 My peak with AM was 17 shares at 2.49 btc per share or  about 5200 usd  it was just too many eggs in one basket. I do not know if there are 2 or 3 or 4 mining locations . Worse case there is only one.  Fires happen , floods happen just ask western digital , earthquakes, revolutions.  So for now I can sit and wait  while collecting the last few coins with my gpu farm. Piece it out on ebay.  Use that cash to go for AM if I choose. If BFL pans out cool If cloud hashing pans out good if the group buy is a winner great. If they all lose I am still ahead. If my 10 coins turn to 0 usd I am still ahead.
I did the math and saw a  window to be ahead no matter what. I took it.  I still have action and in a month If I like what I see I can bust a move. Or fully bail out still ahead.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Every couple of hours I've been refreshing BitFunder and watching my portfolio jump up and down. The artificial 2.5 BTC/share wall was nice for stability. Rollercoaster time I suppose.

Less of a rollercoaster but a lot more of a stable rise than if there was not such a strong support wall for a long time Smiley
If that's any consolation
hero member
Activity: 697
Merit: 500
Every couple of hours I've been refreshing BitFunder and watching my portfolio jump up and down. The artificial 2.5 BTC/share wall was nice for stability. Rollercoaster time I suppose.
full member
Activity: 238
Merit: 100
Almost BTC3. Incredible

Wish I had bought in earlier!

I will feel a lot better once it crosses that 3.  I bought in from 2.71 up to 2.94.  Psychological barriers and whatnot.
member
Activity: 126
Merit: 11
I tried myself to create a list with AM shareholders based on yesterday's dividends:

https://docs.google.com/spreadsheet/ccc?key=0AtqphFCP56ordGVCakJxSU90MlB4MlBkZENya25pS2c

I got > 398k of the 400k shares. If you find any errors please let me know!


Updated by dividend day 2013-06-12

Why does it say DeaDTerra PT has 12,876 shares when in reality there are 18,845 shares listed on BitFunder?
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