Topic: btt - page 75. (Read 407344 times)

I've no intention of cancelling our order. We've waited this long, the unit should easily surpass 100Gh and it's cost the company 101.xx. It's still a bargain to my mind, *IF* Avalon does indeed get them out the door very soon.

Cheers.

I can't see how swapping a pre-order from a company that actually has delivered and may do so again soon (for all anyone knows) for one that is guaranteed not to deliver for quite a while yet and hasn't delivered anything so far is a good plan.

If creativex were to get a refund from Avalon, I'd rather see that capital deployed towards in-hand equipment.

Avalon is taking the BFL route of coerced refunds, great.  

"Accept our flexible definition of 'two weeks = Soon' or take back the money you lent us with no interest."

"Ya, that's what we thought.  Thanks for the free loan, suckers.  Now we're rich and famous but you get jack."

I vote to cancel and buy an early KnC Jupiter pre-order.  We have enough Avalons now and they are shady.

Official update from Avalon re:batch 3


bASIC-Mining has a paid batch 3, 4 module unit on order.

^ Price was adjusted to Price = Price / 10 before the split, to make the chart consistent.
[/quote]


very nice chart.  Good work and thanks for sharing.

thus far, basic-mining has been a very well run business, making very logical and sound decisions.  My comfort level grows a bit as time passes.  All aboooaaaard !

Because you might be buying at peak of "rapid growth".

If fundamentals are good, no matter how irrational the market is, you still win in the long term: you can just wait until you return investment through dividends, or share price is corrected via buyback.

But if you aren't looking at fundamentals and projections, only at "track record of rapid growth" and "well-managed"-ness, you depend on investor moods: growth might continue, or price might fall once investors realize that they can get bigger returns elsewhere.

Wow, well done. Maybe this is a good time to take profits...

Just wow, I now have a 10-bagger

To be honest, it was interesting to observe the rise from yesterday, because there was a spread of around 0.5 Bitcoin, but still big money came in. I would never go so far and call someone's investment irrational. I'm pretty sure the buyers knew, what he or she were doing and intended to do so on purpose.

Since my last post in this thread, I watched BASIC-MINER's development closely and I noticed every news post on BTC-TC or better to say, any fundamental change like receiving another Avalon unit, triggered another price rush. Yesterday was interesting, because no news were pushed on BTC-TC, but the announcement of selling 100x AM shares in this thread and the higher dividends might be the cause. I expect another rise after the forth Avalon unit was received.



^ Price was adjusted to Price = Price / 10 before the split, to make the chart consistent.

Well he is sitting on 429 BTC from the sale of AM.   

Bring some new miners as gift from the travels as usual !

What is irrational about the desire to invest in a well-managed company with a recent track record of rapid growth?

Travelling today, so will be unavailable. I'm going to try to calculate today's dividend earlier than usual and queue it up, but I may end up just paying PPS and squaring it with tomorrow's divvy.

Cheers.

Quite likely it is a bubble pumped by irrational investors who are excited about dividend growth but do not understand fundamentals.

If you do not want to make your own profit projections, you can look at similar companies. Say, Nasty Mining now has 270 Gh/s of hashing power (via 5x BFL 60GH/s ASIC Miner), which correspond to 13.7 Mh/s per share. Those shares are traded at about 0.46 BTC. So, Nasty Mining offers 30 Mh/s per BTC. (Cost of 1 Mh/s is 0.03 BTC)

BASIC-MINING's hashrate is 225 Gh/s, which corresponds to 4.5 Mh/s per share. Share price is about 0.37 BTC, so we have 12 Mh/s per BTC, or 0.08 BTC per Mh/s.

So whatever it is, it is definitely not about hashrate... But if you look closely, BASIC-MINING share price growth when hashrate increases, so it is very likely that investors are just irrational and just buy more when they see positive news.

Now if we continue BASIC-MINING vs Nasty Mining comparison, BASIC-MINING definitely has bigger cash reserves. However, Nasty Mining has 5x BFL 60 GH/s ASIC miners in preorders, so it will double its hashrate when those are delivered (I'll remind you that they already got 5 such machines, which are mining for a week or so already.)

Nasty Mining also bought some shares in group buys, and it has some liquid assets.

Well, anyway, fundamentals do not matter much when people buy irrationally.

 Hi Trillian

I can't speak for others, but from my perspective bASIC-MINING creates value due to its small share issue (50,000 now after the 10x split) not like the 100mil or more of AMC or 400,000 of ASCIMINER. Currently your 0.35 per share gets approx 12% return, but any growth due to the small share issue is magnified in the share price.

This is where the valuation comes from, 30% reinvested into future growth.

Imagine that in the non virtual world? A company able to give 12% dividend and reinvest 30% of profits into advancement.

Thats not to say there has not been some luck on the way, backing Avalon has been a stroke of genius. Plus creativex has an uncanny ability to find new ones ( I bet he was good as where's Waldo ! )

Personally I think it comes down to the business model, for the time being it fits very well into this space. Part of this model is that Eric's only incentive comes from the 1 in 5 founders steak, You can be sure every effort is being made to keep growth high.

DYOR as always.

I am a casual investor in BTC/LTC securities, and I managed to double my initial investment primarily through ASICMINER, but I've never owned BASIC-MINING shares. I observed the rise of BM from 0.6 to 2 BTC, before the 10x split, and now this recent rise. And the whole time I'm like "WTF? I don't understand this, compared to ASICMINER the dividends are negligible."

I clearly don't understand enough, because I keep being wrong with my price estimates for BM. If dividends do not motivate investors, then it must be the potential future growth of the company, which with BM is tied to the miners they own and acquire. Still BM does not have production capabilities like AM (not that I am aware of atm), and their assets (miners) are depreciating in value.

I am looking for the pot o' gold at the end of the rainbow for BM, but I cannot see it. I cannot see why investors have such a strong valuation of the future of BM.

And you know what, I'm going to kick and scream all the way in dazed, incredulous disbelief, but I think you may be right about the 1 BTC value in the near future. I am looking for an objective response to satisfy my curiousity, any help is appreciated.

Wow share price is out if control.


In 2 weeks I say we will be over 1.0 btc

The dividend has been paid, you can see it in the history.

Where can I see this? Can't seem to find it.

congratulations on your 1 million USD market cap.