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Topic: Gigamining / Teramining - page 120. (Read 216450 times)

vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 25, 2012, 04:27:04 PM
Care to clue us in to which state you've moved to?

All in due time.  Wink
hero member
Activity: 614
Merit: 500
May 25, 2012, 04:21:27 PM
Care to clue us in to which state you've moved to?

legendary
Activity: 1666
Merit: 1000
May 25, 2012, 02:12:31 PM
^  That is Funny
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
May 25, 2012, 01:48:42 PM
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
LOL
I hope you packed the stuff well.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 25, 2012, 01:45:58 PM
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
legendary
Activity: 938
Merit: 1000
What's a GPU?
May 24, 2012, 09:32:15 PM
Gigamining is very close to 20kBTC trade volume, which is far superior to everything but BitBond. Congrats!
hero member
Activity: 560
Merit: 500
Ad astra.
May 24, 2012, 07:08:53 PM
Stocks are effectively an educated, complicated, and multifaceted way of gambling. Bonds are not. The article writer sadly fails to differentiate between the two.

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.

Note the "effectively". There is a difference between gambling and effectively gambling. Perhaps gambling itself is a misnomer, as it has many negative connotations, but the principle remains the same. You are putting money into something with the hope that more will come out and the risk that it will not. Stocks are infinitely more complicated, and certainly more financially viable in most cases, but the principle remains the same.

You can define bonds as gambling if you wish, but by that definition, counter-party risk would make any financial operation involving an investment into another person or corporation "gambling", which I think most people would disagree with.

However, in this case, I think your point is perfectly valid, as counter-party risk is inherently significant in low-volume deals with oft-unknown quantities using a semi-anonymous currency. I stand corrected.


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  Grin]

Investing is very different from gambling.

Again, effectively, given context and article target audience. My statement was perhaps too blanket, however.

And, as for investors always winning, I'm afraid not everyone is as lucky, or as savvy, whichever way you'd prefer to put it, as you are.

legendary
Activity: 938
Merit: 1000
What's a GPU?
May 22, 2012, 09:18:29 PM
investors always win.
legendary
Activity: 1031
Merit: 1000
May 22, 2012, 08:59:31 PM
Stocks are effectively an educated, complicated, and multifaceted way of gambling. Bonds are not. The article writer sadly fails to differentiate between the two.

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.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 22, 2012, 08:01:04 PM
Looks like gigamining is getting some more press.

http://tsukino.ca/bmf/2012/05/21/gigamining/
hero member
Activity: 560
Merit: 500
Ad astra.
May 22, 2012, 07:55:44 PM
Looks like gigamining is getting some bitcoin press coverage...

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

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.

Stocks are effectively an educated, complicated, and multifaceted way of gambling. Bonds are not. The article writer sadly fails to differentiate between the two.
hero member
Activity: 518
Merit: 500
May 21, 2012, 10:47:45 PM
Looks like gigamining is getting some bitcoin press coverage...

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

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.
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 21, 2012, 09:21:26 PM
Looks like gigamining is getting some bitcoin press coverage...

http://www.bitcoinmoney.com/post/23499116232/glbse-stock-market
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
May 21, 2012, 10:44:45 AM
Received. Cheers!
vip
Activity: 1358
Merit: 1000
AKA: gigavps
May 21, 2012, 06:17:57 AM
To all gigaminers,

Coupon payments have been sent out.

Best,
gigavps
sr. member
Activity: 471
Merit: 252
May 21, 2012, 04:25:12 AM
Ops, I'm sorry... :-)
hero member
Activity: 1596
Merit: 502
May 21, 2012, 04:16:17 AM
What's about 20th may dividend payment? :-)
The 21th, it's today.
sr. member
Activity: 471
Merit: 252
May 21, 2012, 03:57:14 AM
What's about 20th may dividend payment? :-)
donator
Activity: 289
Merit: 250
May 19, 2012, 02:13:01 PM
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.

Or to get additional space for expansion and a subsequent renaming of the company to Teramining!
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
May 19, 2012, 02:09:23 PM
Think you've got enough tags there?  Cheesy

I'm on the metaphorical edge of my seat; when do you plan to divulge further details regarding this "huge" news?

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