ASICMINER for dummies? - page 3. | Bitcointalksearch.org

puck2

full member

Activity: 234

Merit: 105

Quote from: ?? on ??

There is a big difference in price right now between BTC TC and Bitfunder, so you'd better choose the second one, even if I don't really like the fact that you have to pass through weexchange.rcom in order to fund your balance for bitfunder.

The weexchange passthrough is painless, though their interface leaves a bit to be desired. Your BTC only need be there for a few minutes.

Rodyland

hero member

Activity: 499

Merit: 500

Quote from: ex-trader on April 17, 2013, 07:53:01 AM

Quote from: seleme on April 15, 2013, 11:12:42 AM

In a market as volatile as btc is I'd expect to make roi in a year at most.

You are confusing the risk and volatility of ASICMiner with the risk and volatility of BitCoin.

The decision to make an investment in ASIC Miner can only be considered purely in Bitcoins ie does it offer enough return in relation to it's current and future prospects, both as a miner and hardware seller.

A separate decision is whether to invest in Bitcoin related assets (including ASICMiner) from another currency. If you do not desire BitCoin risk then short-sell an amount equal to your ASICMiner investment as a hedge.

This exactly. If you think in terms of bitcoin only, all that matters is an ROI in bitcoin on your bitcoin investment. That it's volatile with respect to fiat is irrelevant.

For me, buying asicminer shares was a no-brainer**, as I am convinced bitcoin has a future and I'm in for the long haul. Having bitcoin sitting in my wallet doing nothing struck me as a waste, so i've invested it in asicminer shares, as well as a share of an avalon.

** No brainer that it was a fair risk to take, although I agonised over the size of the investment (and actually sold my investment size down by about 25% as I felt I'd over-committed -- a decision that now seems to be the wrong one, given that share price has doubled since I bought. Cheesy

The benefits of hindsight).

ex-trader

sr. member

Activity: 298

Merit: 250

Quote from: seleme on April 15, 2013, 11:12:42 AM

In a market as volatile as btc is I'd expect to make roi in a year at most.

You are confusing the risk and volatility of ASICMiner with the risk and volatility of BitCoin.

The decision to make an investment in ASIC Miner can only be considered purely in Bitcoins ie does it offer enough return in relation to it's current and future prospects, both as a miner and hardware seller.

A separate decision is whether to invest in Bitcoin related assets (including ASICMiner) from another currency. If you do not desire BitCoin risk then short-sell an amount equal to your ASICMiner investment as a hedge.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: Franktank on April 15, 2013, 11:23:08 AM

Quote from: seleme on April 15, 2013, 11:17:17 AM

No, I'm muslim, I don't lend money/coins for profit. It's trading for me then.

Very well, all the information is in here and in the main thread. In my opinion, now is the time to buy AM shares if you don't want to pay over 1 BTC/share.

So can I say "Called it!" or no...?

Thought I would ask first.

philipma1957

legendary

Activity: 4158

Merit: 8049

'The right to privacy matters'

Quote from: Rodyland on April 16, 2013, 11:57:01 PM

ASICMINER hardware sales have kicked off.

https://bitcointalksearch.org/topic/asicminer-auction-10-block-erupter-blades-ended-178275

yeah I grabbed one share at .84 now over 1.1 .

And as i understand this I get a dividend on it this weds. the 17th! not too shabby.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: Rodyland on April 16, 2013, 11:57:01 PM

ASICMINER hardware sales have kicked off.

https://bitcointalksearch.org/topic/asicminer-auction-10-block-erupter-blades-ended-178275

Having an ASIC device clearly gives one the edge in the mining landscape but prices are getting crazy now...

Rodyland

hero member

Activity: 499

Merit: 500

ASICMINER hardware sales have kicked off.

https://bitcointalksearch.org/topic/asicminer-auction-10-block-erupter-blades-ended-178275

philipma1957

legendary

Activity: 4158

Merit: 8049

'The right to privacy matters'

Quote from: creativex on April 15, 2013, 12:18:04 PM

Quote from: philipma1957 on April 15, 2013, 12:00:58 PM

Quote from: creativex on April 15, 2013, 10:45:45 AM

Quote from: philipma1957 on April 15, 2013, 10:37:12 AM

OKAY at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007 a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low.

funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return. I would take a .2 bitcoin return for a .84 bitcoin purchase. each year.

I apologize. I attributed this post:

Quote from: seleme on April 15, 2013, 10:28:03 AM

Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices

To you and that was an error.

it is all good. no problem.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: philipma1957 on April 15, 2013, 12:00:58 PM

Quote from: creativex on April 15, 2013, 10:45:45 AM

Quote from: philipma1957 on April 15, 2013, 10:37:12 AM

OKAY at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007 a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low.

funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return. I would take a .2 bitcoin return for a .84 bitcoin purchase. each year.

I apologize. I attributed this post:

Quote from: seleme on April 15, 2013, 10:28:03 AM

Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices

To you and that was an error.

philipma1957

legendary

Activity: 4158

Merit: 8049

'The right to privacy matters'

Quote from: creativex on April 15, 2013, 10:45:45 AM

Quote from: philipma1957 on April 15, 2013, 10:37:12 AM

OKAY at .007 a week in 10 weeks that is .07 and in 50 weeks that is .35 bitcoin am i correct> or is the .007 a fraction of a unit different then a bitcoin.

You do realize that @ .007 paid weekly with a share price of .84 that equates to a .8333% weekly dividend, a .1190% daily dividend and a 43.4522% APY right? That's pretty respectable in the BTC universe and there's nothing I'm aware of in the fiat world paying anything near that.

We're clearly spoiled here in cryptoland when a 43% return is seen as low.

funny that your interpretation is I said the return was low. I just wanted to understand the .35 for 50 weeks if it was based on a bit coin or the share price that I purchased it at.

A return of .35 bitcoin for a .84 bit coin purchase is good for a 1 year return. I would take a .2 bitcoin return for a .84 bitcoin purchase. each year.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: seleme on April 15, 2013, 11:17:17 AM

No, I'm muslim, I don't lend money/coins for profit. It's trading for me then.

Very well, all the information is in here and in the main thread. In my opinion, now is the time to buy AM shares if you don't want to pay over 1 BTC/share.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: 🏰 TradeFortress 🏰 on April 15, 2013, 11:15:58 AM

Quote from: seleme on April 15, 2013, 11:12:42 AM

Quote from: 🏰 TradeFortress 🏰 on April 15, 2013, 11:03:26 AM

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.

Quote

Rising share price , Promising outlook with a future in selling hardware and mining btc ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks

but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.

Then you could deposit coins in coinlenders and earn interest. The returns are not going to be 350%+ a year (seems like what you imply you're looking for), but I guarantee deposits so you're not going to lose them.

No, I'm muslim, I don't lend money/coins for profit. It's trading for me then.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: seleme on April 15, 2013, 11:12:42 AM

Quote from: 🏰 TradeFortress 🏰 on April 15, 2013, 11:03:26 AM

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.

Quote

Rising share price , Promising outlook with a future in selling hardware and mining btc ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks

but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.

Then you could deposit coins in coinlenders and earn interest. The returns are not going to be 350%+ a year (seems like what you imply you're looking for), but I guarantee deposits so you're not going to lose them.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: Franktank on April 15, 2013, 11:12:46 AM

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Yes but it was the "early adopters" that took on that risk. Board members basically spent 500 BTC ($6500 at the time) for 5k shares. They could easily cash out for $300k now. Whether you think it's expensive or not, is up to you. friedcat has followed through with his previous announcements and the upcoming ones will definitely raise share prices.

If you looked at my links, you'd realize that the 0.007/share is only temporary.

I'm not bashing anyone here, it's clearly to see that asicminer is reliable company. Good luck to them and all of youthat are holding shares, I wish I wouldhave some too but unfortunately won't do it at the moment, I'd rather buy some of those usb babies

creativex

sr. member

Activity: 434

Merit: 250

Quote from: 🏰 TradeFortress 🏰 on April 15, 2013, 11:00:07 AM

Tell that to the people who invested with Pirate?

No thanks. They'd have ignored me anyway, just as they ignored the many people claiming it was an impossible to maintain ponzi.

Franktank

hero member

Activity: 560

Merit: 500

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Yes but it was the "early adopters" that took on that risk. Board members basically spent 500 BTC ($6500 at the time) for 5k shares. They could easily cash out for $300k now. Whether you think it's expensive or not, is up to you. friedcat has followed through with his previous announcements and the upcoming ones will definitely raise share prices.

If you looked at my links, you'd realize that the 0.007/share is only temporary.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: 🏰 TradeFortress 🏰 on April 15, 2013, 11:03:26 AM

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Are you silly? What kind of P/E ratios re you expecting?

In a market as volatile as btc is I'd expect to make roi in a year at most.

As I said, if I'm early adopter and have few hundreds or few thousands coins, than it would be easy thing to do. Unfortunately, I'm not so I'm not ready to do it for roi expected in 2+ years, lot of things can happen in that time.

Quote

Rising share price , Promising outlook with a future in selling hardware and mining btc ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

We're talking about some different things, BTC is still highly risk market, it's far away from regular business. I don't care about rising share price, my main aim would be toearn more coins from dividends. I don't own lot of coins and would need to buy them to purchase shares. I can afford what I can afford, it's not millions but it's few bucks

but I'm not ready to risk even what I can afford in such volatile market and at current btc prices for such long term. I'd rather trade coins on exchanges.

phantastisch

legendary

Activity: 2270

Merit: 1363

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it cancel lot of it.

Rising share price , Promising outlook with a future in selling hardware and mining btc ? Did you ever buy a Stock ? Apple does not even pay dividends. Many companies in the real world pay only up to 4 % per year If you think it is too expensive you clearly cannot afford it, and therefore should not buy.

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: seleme on April 15, 2013, 11:01:38 AM

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Are you silly? What kind of P/E ratios are you expecting?

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

That's OK for people that holds coins from earlier time, not really for us later adopters, it's pretty risky to invest at current prices for something that would need 2+ years to make roi.

I'd probably enter if it is 0.02 per share, unfortunately not at 0.007 as much as I would like. That USB stuff looks promising but shares went up after it's announced so it canceled lot of it's potential.

Topic: ASICMINER for dummies? - page 3. (Read 13704 times)