my vote only, not to be taken as financial advice
Topic: btt - page 80. (Read 407344 times)
If i can chime in... i'd vote for liquidating any asci shares when we actually need the cash. i'e `the 1200 or so BTC should be used; fist once that is spent then liquidate any outstanding shares at market value.
my vote only, not to be taken as financial advice
my vote only, not to be taken as financial advice
If these were in my personal portfolio I'd either liquidate them in baskets(25*4) marked up a few percent over current ask or write a reasonably attractive call option against them with a short term expiration(10 - 14 days). This way we continue to collect dividends on all or most of the shares and if someone buys them from us they'll do so at a premium. If they do not get sold/exercised then we'll be where we are now...which is still a pretty good place to be.
Writing calls certainly sounds like an attractive exit strategy. I wasn't the hippest on buying these in the first place, and now that we have them, I hesitate exiting prematurely as we have nothing better to replace them with as far as available hardware, and we still have 1200+ banked looking for a home.
Just discussing, as always.
Without something on the near term horizon, they are better than holding bitcoin currently, once we are able to put a majority of bitcoin on hand to work, I agree liquidating would benefit, it's just if you liquidate now, and do what with the proceeds?
While I feel no urgency to liquidate them as they have been much better than holding bitcoin, we have a respectable gain on the shares and they've fulfilled their intended purpose. If I were a wiser man I'd have written an exit strategy into the motion that saw us purchasing them.
If these were in my personal portfolio I'd either liquidate them in baskets(25*4) marked up a few percent over current ask or write a reasonably attractive call option against them with a short term expiration(10 - 14 days). This way we continue to collect dividends on all or most of the shares and if someone buys them from us they'll do so at a premium. If they do not get sold/exercised then we'll be where we are now...which is still a pretty good place to be.
Cheers.
You'll exclude the ASICMINER-PT dividends and continue to do a 100% pass through on those?
Absolutely.
Do we still need the AM-PT? I admit it's very nice. At what point should we look at trading them for more hardware?
When the third Avalon is delivered?
I'm just asking for thoughts.
No we don't need the shares any longer. I'd prefer to liquidate them at a beneficial price rather than based on an event.
Without something on the near term horizon, they are better than holding bitcoin currently, once we are able to put a majority of bitcoin on hand to work, I agree liquidating would benefit, it's just if you liquidate now, and do what with the proceeds?
Today's dividend is paid. The breakdown is as follows:
Mining revenue: 3.82764463
Asicminer-PT: 0.25858686
Total Dividend: 4.08623149
Total Dispersed: 2.93793810
Reinvested: 1.14829339
I'm putting the finishing touches on the spreadsheet for uploading just now, so the information will be available shortly.
https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE#gid=0
Cheers.
Mining revenue: 3.82764463
Asicminer-PT: 0.25858686
Total Dividend: 4.08623149
Total Dispersed: 2.93793810
Reinvested: 1.14829339
I'm putting the finishing touches on the spreadsheet for uploading just now, so the information will be available shortly.
https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE#gid=0
Cheers.
You'll exclude the ASICMINER-PT dividends and continue to do a 100% pass through on those?
Absolutely.
Do we still need the AM-PT? I admit it's very nice. At what point should we look at trading them for more hardware?
When the third Avalon is delivered?
I'm just asking for thoughts.
No we don't need the shares any longer. I'd prefer to liquidate them at a beneficial price rather than based on an event.
You'll exclude the ASICMINER-PT dividends and continue to do a 100% pass through on those?
Absolutely.
Do we still need the AM-PT? I admit it's very nice. At what point should we look at trading them for more hardware?
When the third Avalon is delivered?
I'm just asking for thoughts.
There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).
The mining power we now have more than covers it.
This should not require a motion as the terms have been met. I'll reinstate the fund tomorrow.
Cheers.
You'll exclude the ASICMINER-PT dividends and continue to do a 100% pass through on those?
Absolutely.
There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).
The mining power we now have more than covers it.
This should not require a motion as the terms have been met. I'll reinstate the fund tomorrow.
Cheers.
You'll exclude the ASICMINER-PT dividends and continue to do a 100% pass through on those?
Both Avalons seem content to operate at 325Mhz with only a modest(1c) change in temps, though fan speeds are up. More testing is needed to see if we can run stable here long term, but it looks great at this point.
Note, this is approximately 33% of our Avalon mining power as they're both still balanced across three pools.
Note, this is approximately 33% of our Avalon mining power as they're both still balanced across three pools.
EDIT: it passed 
That's good news. Liquidity is rather anemic.
I have a few hours set aside today to babysit the Avalons. As they seem to be 100% stable with the latest firmware flashed, I'm going to try my hand at overclocking them a bit.
Cheers.
Wait, so it is getting split or isnt it...
It is if the motion passes.
YES: 3479 - NO: 5 - ABSTAIN: 2
Over 2500 Yes votes, unless someone makes a massive change, impossible to fail
It is if the motion passes.
The motion will pass. I just bought some more shares
EDIT: it passed
Wait, so it is getting split or isnt it...
It is if the motion passes.
wow did the price take off...bought 3 @ .66 looking pretty good right about now...wish i could have bought more...I'm hoping the split goes through 
have 5 btc inbound via coinbase
have 5 btc inbound via coinbaseAvalon really came through for us. We've reached a milestone 5000BTC market cap.
There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).
The mining power we now have more than covers it.
This should not require a motion as the terms have been met. I'll reinstate the fund tomorrow.
Cheers.
There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).
The mining power we now have more than covers it.
Jump to: