Topic: ASICMINER for dummies? (Read 13788 times)
It's at 2.7 now. Very nice
great, thanks guys.
Is there a thread or a newsletter service of any kind from AM?
I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place
edit - this one?? https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
Is there a thread or a newsletter service of any kind from AM?
I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place
edit - this one?? https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
That's correct.
Additionally a shareholder has created this thread to boil the information down to it's essence.
https://bitcointalksearch.org/topic/unofficial-asicminer-announcement-thread-197545
great, thanks guys.
Is there a thread or a newsletter service of any kind from AM?
I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place
edit - this one?? https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
Is there a thread or a newsletter service of any kind from AM?
I found a thread earlier will have to rediscover it but just want to ask to make sure I'm in the right place
edit - this one?? https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497
new buyer here - where does the dividend report come from and what day of the week normally?
EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?
Yes, Wednesday night China time.
I am also new to AM, BTW.
Something else to consider - when you get your dividend, if you're like me and only have a small holding but are planning to slowly add to your AM position, you could buy TAT.ASICMINER fractional (1/100) shares to reinvest the dividends. Beats having to wait several weeks or months to have enough dividends just to get 1 more share. When you have more than 100 TATs you can decide whether to sell them and buy one more AM-PT based on arbitrage between the two securities. Generally liquidity in TATs will be higher I guess as many people will be holding a few at any one time and would be more open to buying and selling them to adjust their position. But for volume AM-PTs are the way to go.
Just some food for thought.
new buyer here - where does the dividend report come from and what day of the week normally?
EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?
Dividends are paid by ASICMINER on Wednesday evenings (China time I believe). PTs normally send it within a day or two. The dividend is sent to your wallet on the exchange the PT is listed on. I know on btc-tc I get an email for dividend payments, and burnside puts the dividend amounts on the PT's info page.
The wall on btct.co is being eaten...
I usually give short shrift to speculation but now I'm long on AM-PT I couldn't help notice that the resistance to higher prices that was there earlier today has almost broken.
Not that I'm looking to make a quick profit; I think the future's too promising for that and I was going to buy anyway. But I'd be kicking myself if I had to settle for less shares tomorrow.
Now that I've shot my mouth off I guess the dividends report won't be as sexy as hoped.
I usually give short shrift to speculation but now I'm long on AM-PT I couldn't help notice that the resistance to higher prices that was there earlier today has almost broken.
Not that I'm looking to make a quick profit; I think the future's too promising for that and I was going to buy anyway. But I'd be kicking myself if I had to settle for less shares tomorrow.
Now that I've shot my mouth off I guess the dividends report won't be as sexy as hoped.
new buyer here - where does the dividend report come from and what day of the week normally?
EDIT - and I take it the dividend gets paid to your BTC TC wallet, and the shares stay 'hosted' as it were on the trading site..?
I bought one AM-PT share last week. Dividends come out today right? But when I check my BTC-TC account, I didn't see any dividends received?
Some of the passthrus have not issued dividends yet. You'll get them sometime in the next 24 hours most likely.
I bought one AM-PT share last week. Dividends come out today right? But when I check my BTC-TC account, I didn't see any dividends received?
Passthru's take a little longer. Don't worry, burnside will payout dividends once he logs.
I bought one AM-PT share last week. Dividends come out today right? But when I check my BTC-TC account, I didn't see any dividends received?
PT dividends usually take an hour or two more, because the dividends from AM is paid to the PT operator who then pays out to everyone else.
.b
I bought one AM-PT share last week. Dividends come out today right? But when I check my BTC-TC account, I didn't see any dividends received?
dividend is about .011 btc per share this week
The wall on btct.co is being eaten...
I usually give short shrift to speculation but now I'm long on AM-PT I couldn't help notice that the resistance to higher prices that was there earlier today has almost broken.
Not that I'm looking to make a quick profit; I think the future's too promising for that and I was going to buy anyway. But I'd be kicking myself if I had to settle for less shares tomorrow.
Now that I've shot my mouth off I guess the dividends report won't be as sexy as hoped.
I usually give short shrift to speculation but now I'm long on AM-PT I couldn't help notice that the resistance to higher prices that was there earlier today has almost broken.
Not that I'm looking to make a quick profit; I think the future's too promising for that and I was going to buy anyway. But I'd be kicking myself if I had to settle for less shares tomorrow.
Now that I've shot my mouth off I guess the dividends report won't be as sexy as hoped.
The dividends will be increasing with all the new hash power. We were getting .007 btc per share at about 7.5-8 TH/s. We're now close to 20 TH/s.
I think people are speculating that the share price will not decrease. So, really, you are storing bitcoins in shares and earning 30% a year interest.
I think people are speculating that the share price will not decrease. So, really, you are storing bitcoins in shares and earning 30% a year interest.
Yeah, I unexpectedly got some additional funds to invest in AM today but had to eat the wall to increase my holdings. I still think 1.3 is reasonable value but the buying isn't as good as it was over the weekend. Anyone who's seen that google doc graph would be drooling. I guess if there's a nice bump to the dividend or other good news from AM HQ it won't last long.
Can I buy less than 1 share? I have less than 1.2 BTC right now.
You can on the new PT/100's. Thick as thieves runs one and fukurunap(?) runs the other.
No, I don't. TAT runs both (on BTCT and Bitfunder) and there's a third pending on BTCT from Rodyland.
I just had the initial idea, but have no interest in operating a PT
.b
I'm still trying to get mine off the ground. In the meantime, you have TAT's offering on btct and bitfunder.
Can I buy less than 1 share? I have less than 1.2 BTC right now.
You can on the new PT/100's. Thick as thieves runs one and fukurunap(?) runs the other.
No, I don't. TAT runs both (on BTCT and Bitfunder) and there's a third pending on BTCT from Rodyland.
I just had the initial idea, but have no interest in operating a PT
.b
Can I buy less than 1 share? I have less than 1.2 BTC right now.
You can on the new PT/100's. Thick as thieves runs one and fukurunap(?) runs the other.
Also
All asks are > 1.29 on the passthroughs... Perhaps the last chance for AM shares under 1.25/share!
https://bitcointalk.org/index.php?topic=196273.new#new
Can I buy less than 1 share? I have less than 1.2 BTC right now.
So, really, you are storing bitcoins in shares and earning 30% a year interest.
Not really. You use BTC to buy shares, just like you use USD to buy shares of Apple. However, there is no guarantee that those share values will stay the same. They may rise, they may fall. So you may have bought 1 AM-PT share at 1.2 BTC, but in a year, that share may only be worth 0.6 BTC. It's all speculation, and with that comes risk.
There's a pretty good plan in place should I die in a firey inferno. 
How often do you practice that scenario to test whether the procedures work? :p
Seriously, although there is technically a risk that either PT operators would crash and die, records of transactions remain, and in such an event, seeing that both PT operators are well-known, I'm certain that a recreation of those transactions would be possible, even from backup. In addition, you get transaction details by email so it would be fairly simple to recreate your holdings from that, which of course would have to be verified and audited, but would still provide an extra level of assurance.
I'm considering the risk minor and thus I hold all my AM shares with burnside's PT. If you're not looking to sell at all, fine, you might as well hold them with friedcat, which reduces the risk of PT failure but in no way eliminates the risk of owning shares.
.b
Jump to: