Topic: Gigamining / Teramining - page 120. (Read 216459 times)

Care to clue us in to which state you've moved to?

To all gigaminers,

Most of gigamining's GPU infrastructure is now in the capable hands of fedex. I will be meeting up with the equipment next weekend to get everything setup at the new gigamining DC. The mini rigs will also be meeting me that the new location so you can expect pictures and video to come shortly after their arrival.

Best,
gigavps

If you think investing is gambling, which it is I suppose for those lacking financial intelligence, then bonds, just like equity, would be just as much an educated, complicated and multifaceted way of gambling due to the major issue of counter-party risk.

Uh-uh. The problem is that people don't think before they invest. If you have a company that owns 10 aeroplanes, and each aeroplane is 100 million dollars new, then is the company worth 1 billion? Yes and no. You have to account for the fact that each aeroplane has a 15 year lifespan and will make 15 million dollars a year for that 15 years. So, is the company worth 6 billion!? No! You have to understand how these things work, and it's complicated, but it is NOT gambling. You have to understand counterparty risk as stated above, but also things like NPV. 20 aeroplanes making 15 million dollars each is 300 million a year. But this must be discounted. Use a NPV formula. The NPV of 300 million for 20 years, at a 10% discount, is over 1.8 billion. So, if you can buy 1.8 billion for 1 billion do you do it? The rate over 20 years will be about 3%. That is investing. You analyze, you decide to pull the trigger, and then you have to wait for 20 years.

So you see the second problem, that people buy and sell stocks on the year, month, or even day (some traders buy and sell a stock within minutes or even seconds). This is good for liquidity but very bad for your profits. You CAN try to gamble on the stock market, but in the long run, remember this: investors always win. [edit: the problem is that they often don't win very much  ]

Investing is very different from gambling.

Stocks are effectively an educated, complicated, and multifaceted way of gambling. Bonds are not. The article writer sadly fails to differentiate between the two.

Interesting article, although I thought it a bit harsh to summarise at the bottom as
These investments are either donations that come with benefits (à la Kickstarter) or they are speculative gambling at the cheapo casino.   There is nothing in between.

I certainly don't see Gigamining at those extreme ends of the spectrum.

Looks like gigamining is getting some bitcoin press coverage...

http://www.bitcoinmoney.com/post/23499116232/glbse-stock-market

What's about 20th may dividend payment? :-)

Nice, I know of 2 that are important, and 1 that isn't usually as much of a problem - cheaper electricity, cheaper or better cooling (probably doesn't apply in this case), and cheaper rent. I'm guessing the first.

There are only so many reason to move a mining farm......