Topic: [CLOSED] [DVC] ASCMDVCPT Cryptostock Investment - page 3. (Read 9219 times)

Post on http://devcointalk.org/index.php?topic=6 asking some questions, posted my reply here for reference and further info for all

This investment is on a Pass Through.  This basically means that this investment in devcoins is being made to posses a fraction of another share (ASICMiner shares)

Are you aware of ASICMiner?? https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497

It was a company that decided to invest in the research of ASIC mining devices, and rather than selling them to the public, they offered a chance for people to buy shares in the company and dividends would be paid out once the ASIC devices were made and started mining.

ASICMiner was the second company to produce a working ASIC, and currently is the ONLY  serious miner on ASIC devices.. though BFL is producing more now and Avalon have shipped some devices, but non of these companies compare to ASICMiner.... ASICMiner is actually the only serious miner that I know of that is still SOLO mining as they have THAT much hashing power... nice little graph here:
https://blockchain.info/pools
Shows them currently on 20% of the total network hashrate!!

So the investment ASCMDVCPT you are getting the chance to spend your devcoins to buy 1/1000th of a ASICMiner share.

We hold the ASICMiner shares... when we receive payouts in BTC on those we put buy orders in on Vircurex and buy as much DVC for the BTC we have and then distribute the DVC to those that have invested. 

Your investment in this mining opperation is different from a lot of other mnining opperations listed on cryptostocks and other share trading sites as this is a direct investment in a company very serious about BTC mining and that currently has the mining devices hashing away for them.

Other investments are for individual setups of rigs, most who are STILL waiting on devices to arrive to mine on (Thanks BFL....) so your investment with them can be seen as a LOT riskier. 

Bear in mind though that the dividend payout is based on 2 factors then... 1) how much btc is paid out from ASICMiner shares (how well ASICMiner is doing) and 2) the value of DVC to BTC (how well DVC is doing)  Note that there has been an increase in the BTC payout from ASICMiner, and a decrease in the value of the DVC, hence this means that there will be the maximum possible increase on the dividend payout, so it has been very good times for the investors in this listing as they have been getting more dividends  this is probably a reflection on the increase of the stock price.

Your could decide to invest in ASICMiner and buy your own BTC shares.... however we wanted to support devcoin and offer an alternative currency to invest in the largest single BTC miner in existence atm.  Also by this investment we aim to offer some buy orders on the DVC side of Vircurex trading to try to stabilize the price a little, and offer an alternative use for peoples DVC rather than just cashing them out straight to BTC.

Ok hope this answers some questions and raises a few more, so please feel free to ask anything else if you would like me to explain further

FuzzyBear

Hello Metazilla yes we are looking into buying more shares but I have no timeframe for this at the moment. Yes the shareholders must be loving the value of the shares at the moment but it probably a reflection of the fluctuations on the price of dvc and the ASICMINER shares have seen a rise in value as well... but yes i'll keep you posted on any further developments for the investment.

I'm curious if you guys are going to be buying and issuing some more shares soon?

By my calculations, the shares seem to be overvalued:

On BTCT, one ASICMINER-PT share is 2.499btc = ~1999200dvc (at current vircurex exchange rate)
On the other hand, one ASCMDVCPT share is say 6000dvc, and is 1/1000th of a ASICMINER-PT share.
So they are about 3x as expensive as buying ASICMINER-PT shares directly.

As a shareholder, I'm not really complaining, but I want to buy more cheap shares! Wish I bought way more when they were 680dvc each!

Fifth Dividend Payout

The Fifth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 27.90894522 DVC.

This is a pretty cool investment with Devcoins in a popular project.  Good idea.  Gotta do something with those DVC!

Fourth Dividend Payout

The fourth dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 21.64328893 DVC.

**Note the admin fee has been wavered this month

If it can be double posted there then please do, I thought that only for BTC market and securities?

This is pretty awesome.

Is there any reason this is not under market/securities?

There are some 500+ shares available to buy on the sell order book side.

you need to be on the "Trade" Tab at the top navigation.

Type in the ASCMDVCPT into the "Ticker" Box

and then you can see the orders people have placed to buy shares and those that are for sale

there are 5 shares available at 1,399.0000 dvc

Fuzzy Bear

Hello 
I am having a bit of trouble buying shares, I see there are 5000 and the publi owns les than that, still you have shortage of shares now. ase they coming new ones or Am I doing somethin wrong .

Third Dividend Payout

The third dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 12.19846588 DVC.

**Note the admin fee has been wavered this month

Second Dividend Payout

The second dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 19.82263250 DVC.

**Note the admin fee has been wavered this month

First Dividend Payout

The first dividends have been paid out to the investors of Asic Miner DVC Passthrough (ASCMDVCPT) each share paid 4.98833549 DVC.

**Note the admin fee has been wavered this month

Vircurex and cryptostocks are down at the moment so will post more details later

Ok just got message saying more have been released... sorry was latre last night and only just picked up now, but looks like you'll have to be quick as they being snapped up fast, but some still on offer

i want some too

Wow ok all the initial shares listed have been sold

will update when more will be available... there are still sell orders there for people to buy in on.

Thank you for investing

More shares will only be issued to represent more shares owned of ASICMiner so there will not be any devaluation of the current ASCMDVCPT shares, these will always represent 1/1000th of an ASICMiner share, so in answer to your question, more shares will be issued

FuzzyBear

Bought some shares!

Question: You say there will be more ASICMiner shares added. Will this increase the value of the current ASCMDVCPT shares or will more shares be issued?

Hello weisoq and many thanks for your questions.

Firstly I should mention that those these are the listed shares at the moment there will be more to come as we have lot more than 2 ASICMiner shares, but just testing to see if people are interested.

In direct answer to your questions..

1) 100% of the dividend paid out by ASICMiner Share will be converted to DVC at best exchange possible in few days of trade and then passed onto the holders of ASCMDVCPT.

2) Personally I do not know the exact divident expected payout but twobits has been studying that in more detail, but yes it woruld be the predicted ASICMiner share payout and then can be extrapolated for the current 2 shares on offer. Information on ASICMiner shares is listed in this thread here https://bitcointalksearch.org/topic/asicminer-entering-the-future-of-asic-mining-by-inventing-it-99497

3) I will post proof (well twobit may as well) of the shares that are held and the dividends payout received by the ASICMiner stock, we will then post the exchange rate here we traded at and then the amount paid out al in this thread in the currently "reserved post" The aim is to keep this as open and transparent as possible to not confuse investors or leave any room for swindle or scam (had enough of those and need some proper investments IMO)

4)Markm's question was more of a moral standpoint on investment... should dvc be invested in a project that in essence is not supporting DVC by mining it on MM... Mining DVC producese 5000 coins per block and 45000 coins for share rewards so the MM of devcoins is not the threat of the DVC market being crashed... more threat from the writers on devtome cashing out and crashing the price.  But if MM supported by ASICMiner then the network would be seen as more secure.

5) Yes the 0.08% is the cryptostocks fee they charge to the buyer...edit: sorry actually that is a fee that twobit has put on the trades to reclaim the listing fee sorry.  twobits had to pay 2million dvc to list and is passing everything onto stockholders cryptostocks seem to be doing well out of this so far!! but over 300 shares sold already so get them while they are cheap

Hope this answers your questions and let me know if I have not or if it has raised others

FuzzyBear