Topic: ASICMINER for dummies? - page 4. (Read 13704 times)
Tell that to the people who invested with Pirate?
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.
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.
It's a bitcoin. 
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.
Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices
https://bitcointalksearch.org/topic/m.1819469
and
https://bitcointalksearch.org/topic/m.1767379
Could you save me some time and post when is that coming?
When they deploy the next batch.
The dividends are pretty good by the way.
The dividends are pretty good by the way.
Okay I read the thread and now have 1 share in your asicminer pt cost was .84 bit coins.
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
https://bitcointalksearch.org/topic/m.1802908
Wow, are these dividends going to be any higher, 0.007 is pretty low, it's 13-14 months of current share prices
Shares are also available at https://bitfunder.com/asset/G.ASICMINER-PT.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
7d volume:
Bitfunder G.ASICMINER-PT 7d: 1158.8
BTC-TC ASICMINER-PT 7d: 969.5
They're fairly close. It's been the reverse some weeks.
Edit / add, case in point: apr 12, btct.co 7d: 1239.8 btc
Okay I read the thread and now have 1 share in your asicminer pt cost was .84 bit coins.
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
Go here:
https://btct.co/security/ASICMINER-PT
Press the tab that says "history" and you will see what dividends have been paid and what day and time they've been paid. Yes they go directly to your account.
Okay I read the thread and now have 1 share in your asicminer pt cost was .84 bit coins.
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
https://bitcointalksearch.org/topic/m.1802908
Shares are also available at https://bitfunder.com/asset/G.ASICMINER-PT.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
7d volume:
Bitfunder G.ASICMINER-PT 7d: 1158.8
BTC-TC ASICMINER-PT 7d: 969.5
They're fairly close. It's been the reverse some weeks.
Edit / add, case in point: apr 12, btct.co 7d: 1239.8 btc
Okay I read the thread and now have 1 share in your asicminer pt cost was .84 bit coins.
today is the 15th of april when do I get a dividend and where is it deposited does it go to my btct account?
I would like to buy a share a week or a share every 10 days. please get back to my question thanks in advance. phil
This is a great thread some good info on the ASICMINER project.
Shares are also available at https://bitfunder.com/asset/G.ASICMINER-PT.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
7d volume:
Bitfunder G.ASICMINER-PT 7d: 1158.8
BTC-TC ASICMINER-PT 7d: 969.5
They're fairly close. It's been the reverse some weeks.
Edit / add, case in point: apr 12, btct.co 7d: 1239.8 btc
Burnside, will you be putting up a PT on LTCGlobal for ASICMINER too? I'd love to get some shares there too.
.b
.b
I don't think I will, but maybe someone else can? I'd definitely like to see one on the LTC side as well.
Cheers.
Shoot... It would be a nice way to hedge against price fluctuations. I'd definintely pick up on IPO.
Well, I'm not experienced enough to do anything myself, so I'll have to wait for someone else to pick up the ball.
What would convince you to do it?
.b
Shares are also available at https://bitfunder.com/asset/G.ASICMINER-PT.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
Bitfunder G.ASICMINER-PT 24h volume: 245
BTC-TC ASICMINER-PT 24h volume: 195.5
...the Weexchange passthrough for BTC at Bitfunder isn't too big a deal, and you may benefit from increased liquidity at Bitfunder.
Burnside, will you be putting up a PT on LTCGlobal for ASICMINER too? I'd love to get some shares there too.
.b
.b
I don't think I will, but maybe someone else can? I'd definitely like to see one on the LTC side as well.
Cheers.
Burnside, will you be putting up a PT on LTCGlobal for ASICMINER too? I'd love to get some shares there too.
.b
.b
Thanks mate, it does clarify a lot. I'll ask one more question though. Sorry for my confusion over saying you're a majority share holder, it ties in with this question though.
If I purchase a passthrough share, who's share am I actually purchasing? (or essentially, which "real" share is the dividend coming from?)
One one hand I thought it would be purchasing from burnside - he is running the exchange, and I imagined he couldn't "sell" anything he doesn't have the authority to "own", hence I figured he had a large portion and we were essentially trading out of his pool. This would mean on btct.co we're dividing up the 350 shares burnside owns personally? If 50 share owners converted to "real" shares does this mean the pool is ever shrinking and we would only now be dividing up 300 shares?
On the other hand a few advantages mentioned was being traded in large volumes easily, so it makes me think it can't be this pool of burnsides shares. Hence how does an exchange have the authority to trade in them, and how do they receive the divided to pass through? Does the exchange have it own separate pool of shares? Again how is the pool 'replenished' from conversions if the public (exchange included here?) can't buy shares from ASICMINER?
Again, sorry for the basic questions. I'm sure it's a similar set up in most share markets but I've never really been exposed much to it and I'm really interested in how it's working.
Thanks
If I purchase a passthrough share, who's share am I actually purchasing? (or essentially, which "real" share is the dividend coming from?)
One one hand I thought it would be purchasing from burnside - he is running the exchange, and I imagined he couldn't "sell" anything he doesn't have the authority to "own", hence I figured he had a large portion and we were essentially trading out of his pool. This would mean on btct.co we're dividing up the 350 shares burnside owns personally? If 50 share owners converted to "real" shares does this mean the pool is ever shrinking and we would only now be dividing up 300 shares?
On the other hand a few advantages mentioned was being traded in large volumes easily, so it makes me think it can't be this pool of burnsides shares. Hence how does an exchange have the authority to trade in them, and how do they receive the divided to pass through? Does the exchange have it own separate pool of shares? Again how is the pool 'replenished' from conversions if the public (exchange included here?) can't buy shares from ASICMINER?
Again, sorry for the basic questions. I'm sure it's a similar set up in most share markets but I've never really been exposed much to it and I'm really interested in how it's working.
Thanks
That's a good question. It works like this:
I hold (but do not own) ~5800 shares of ASICMINER with Friedcat. All of these shares trade on the exchange. When Friedcat issues divs, my wallet gets divs for all 5800 shares.
On the exchange, I hold (and own) ~350 shares of ASICMINER-PT. Other people hold the rest. When I pay divs that have come in from Friedcat, they are distributed to everyone's btct.co accounts based on how many ASICMINER-PT shares they have.
And the important part: Every ASICMINER-PT share is backed by exactly one ASICMINER share. So the number available on the market is exactly the number I am holding directly with Friedcat.
Hope that helps!
Awesome, thanks for clarifying.
Is there a place where Asicminer's financial statements can be found?
Not that I'm aware of. There's a lot that can be extrapolated from Friedcat's weekly posts in the official ASICMINER thread though.
Cheers.
Is there a place where Asicminer's financial statements can be found?
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