ASICMINER fixed price auction 2.5BTC/share, 2000 shares - page 4.

Eric Muyser

full member

Activity: 224

Merit: 100

You can't kill math.

Quote from: Nightowlace on May 27, 2013, 01:00:48 AM

Quote from: Pierre on May 27, 2013, 12:40:37 AM

Quote from: Nightowlace on May 27, 2013, 12:25:53 AM

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

1) That's not the world of Bitcoin, that's the world of fiat and the crashed US housing market.
2) Renovating is a more work than buying ASICMINER.
3) Renovating is a lot more work than buying ASICMINER.
4) That's not the world of Bitcoin.
5) No.

Jutarul

donator

Activity: 994

Merit: 1000

Daily Update

1700 shares available.
100 shares in reservation.
200 shares paid.

On ROI:
In stock terms it's expressed as a P/E ratio. Before you go ahead and criticize the ROI, have a look around and try to find another opportunity like that. Also, these are shares which are promised to not get diluted (https://bitcointalksearch.org/topic/m.1692732).

CMMPro

hero member

Activity: 588

Merit: 500

Quote from: Nightowlace on May 27, 2013, 01:01:47 AM

Quote from: Nightowlace on May 27, 2013, 01:00:48 AM

Quote from: Pierre on May 27, 2013, 12:40:37 AM

Quote from: Nightowlace on May 27, 2013, 12:25:53 AM

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

I think you are looking for the "Slumlord forums" next door...maybe they are more interested in the amazing opportunities in the US housing market. Roll Eyes

Mining stocks benefit from three sources of appreciation....the stock value is held in units of bitcoin which is increasing in value (in the long term), the stock price is appreciating every time Friedcat does something even more brilliant, and you get paid in dividends every week.

If you just looked at it alone from the dividend aspect we are making as someone mentioned >40% income per year.
(In a currency that is also appreciating.)

Pierre

full member

Activity: 207

Merit: 100

I don't know how you do it but renovating a house is WORK!

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: Nightowlace on May 27, 2013, 01:00:48 AM

Quote from: Pierre on May 27, 2013, 12:40:37 AM

Quote from: Nightowlace on May 27, 2013, 12:25:53 AM

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

*and that includes taking a hefty profit for myself.

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: Pierre on May 27, 2013, 12:40:37 AM

Quote from: Nightowlace on May 27, 2013, 12:25:53 AM

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Not in the world of Bitcoin sir. For $33,000 (250 BTC x $133) I can buy a foreclosed home, renovate it, put it on the market and within 4 months double your original investment and that is still taking a hefty profit for myself.

Pierre

full member

Activity: 207

Merit: 100

Quote from: Nightowlace on May 27, 2013, 12:25:53 AM

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

40% per year is actually a pretty amazing ROI.

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: Nightowlace on May 27, 2013, 12:15:42 AM

Just out of curiosity what is the "return" per "share" currently?

Never mind I found it. It amazes me what people are willing to pay to enter the mining game. At this rate I wouldn't see and ROI for 2 1/2 years.

Nightowlace

hero member

Activity: 980

Merit: 1001

Just out of curiosity what is the "return" per "share" currently?

KarmaShark

hero member

Activity: 617

Merit: 559

Quote from: Transisto on May 26, 2013, 02:26:40 PM

Sorry, but how is this an auction ?

It is a fixed price auction, as stated in the title. The fixed price is 2.5 BTC/share. These type of auctions are generally for sellers that know what they want and would like to get deals moving (and wrapped up).

Transisto

donator

Activity: 1731

Merit: 1008

Sorry, but how is this an auction ?

Jutarul

donator

Activity: 994

Merit: 1000

Daily Update

1700 shares available.
140 shares in reservation.
160 shares paid.

Jutarul

donator

Activity: 994

Merit: 1000

Quote from: houseofchill on May 24, 2013, 09:06:05 AM

Would you be willing to open this up to smaller minimum size bids?

Yes. Initially I didn't want to compete with the small size auctions. But I think a minimum of 40 shares (100BTC) has a similar effect and keeps the number of buyers low (max. of 50).

I am thus extending this offer to include minimum purchases of 40 shares. I drop the "increment" rule, i.e. the requirement for multiples of the minimum purchase, since I am accepting down payments (minimum 100 BTC) and not following up on the down payment would be a way to "circumvent" that rule anyway.

Since I was asked this: Unfortunately I won't negotiate the price. This is a take-it-or-leave-it offer.

Also, to handle the payment I will prepare a signed message which contains the trade details and the payment address.

houseofchill

member

Activity: 110

Merit: 10

Would you be willing to open this up to smaller minimum size bids?

Jutarul

donator

Activity: 994

Merit: 1000

Daily Update

1700 shares available.
220 shares in reservation.
80 shares paid.

josh4580

member

Activity: 103

Merit: 10

Yes,

First I have to find the $1.25 million laying around somewhere.

houseofchill

member

Activity: 110

Merit: 10

I meant josh4580 was being sarcastic.

MikkisJ

member

Activity: 126

Merit: 11

Quote from: houseofchill on May 23, 2013, 11:43:32 AM

Quote from: MikkisJ on May 23, 2013, 09:20:19 AM

Quote from: josh4580 on May 23, 2013, 07:22:16 AM

Sorry Jutarul,

My minimum purchase is 4000 shares Angry

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

I believe that was sarcasm. I feel as if a story is unfolding out of the novel "Reminiscenses of a Stock Operator". The first bitcoin stock "bubble". A "bubble" within a "bubble". We're making history.

The OP is selling 2000, there is another 1000 here, there was more when I wrote the message. There were another 400 on BF when I wrote the message.

So, at the time I wrote the message one could get around 3500 with three deals. Not so much far off 4000.

houseofchill

member

Activity: 110

Merit: 10

Quote from: MikkisJ on May 23, 2013, 09:20:19 AM

Quote from: josh4580 on May 23, 2013, 07:22:16 AM

Sorry Jutarul,

My minimum purchase is 4000 shares Angry

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

I believe that was sarcasm. I feel as if a story is unfolding out of the novel "Reminiscenses of a Stock Operator". The first bitcoin stock "bubble". A "bubble" within a "bubble". We're making history.

MikkisJ

member

Activity: 126

Merit: 11

Quote from: josh4580 on May 23, 2013, 07:22:16 AM

Sorry Jutarul,

My minimum purchase is 4000 shares Angry

You can easily get 4000 shares total with three private deals at 2.45-2.5 right now.

Topic: ASICMINER fixed price auction 2.5BTC/share, 2000 shares - page 4. (Read 10563 times)