[TAT.VIRTUALMINE] - page 3. | Bitcointalksearch.org

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: redmetal on July 23, 2013, 03:05:35 AM

Quote

I think difficulty is going to rise even faster soon. Look how many asics are now shipping out. This is going to cause a massive difficulty spike.

It will, just look at how much is on preorder, ASIC miner wants to have 800th to 1000th by the end of the year, thats already a 500% increase.
KNC has about 500th on preorder, BFL would have similar, there are also the 100 of thousands if not millions of Avalon chips all rated at 0.3gh soon to be shipped, then we have ActiveMining with there 24th monster machines.
A conservative estimate would put hashing power at 2ph - 4ph by January, a crazy 1000% to 2000% increase. Then your PMB's will earn next to nothing.

I kind of view the PMB's like a ponzi scheme. Those who get in at the very beginning may make ROI (between their interest and the ability to sell their shares to others via the market) but with every passing day a new person jumping in has a less and less chance of achieving ROI.

I'm still amazed some of the PMB's are being bought for prices that would take, at the current difficulty, over a year to achieve ROI. I can't fathom what people are thinking with those decisions...

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: redmetal on July 23, 2013, 03:05:35 AM

Quote

I think difficulty is going to rise even faster soon. Look how many asics are now shipping out. This is going to cause a massive difficulty spike.

It will, just look at how much is on preorder, ASIC miner wants to have 800th to 1000th by the end of the year, thats already a 500% increase.
KNC has about 500th on preorder, BFL would have similar, there are also the 100 of thousands if not millions of Avalon chips all rated at 0.3gh soon to be shipped, then we have ActiveMining with there 24th monster machines.
A conservative estimate would put hashing power at 2ph - 4ph by January, a crazy 1000% to 2000% increase. Then your PMB's will earn next to nothing.

On the other hand, many of these predictions could be wildly optimistic. All ASIC miner production schedules have been wildly optimistic so far and there is no reason to think the trend won't continue. So, my recommendation is to cut your expectations by a factor of 10 or so.

redmetal

full member

Activity: 160

Merit: 100

Quote

I think difficulty is going to rise even faster soon. Look how many asics are now shipping out. This is going to cause a massive difficulty spike.

It will, just look at how much is on preorder, ASIC miner wants to have 800th to 1000th by the end of the year, thats already a 500% increase.
KNC has about 500th on preorder, BFL would have similar, there are also the 100 of thousands if not millions of Avalon chips all rated at 0.3gh soon to be shipped, then we have ActiveMining with there 24th monster machines.
A conservative estimate would put hashing power at 2ph - 4ph by January, a crazy 1000% to 2000% increase. Then your PMB's will earn next to nothing.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: odolvlobo on July 23, 2013, 02:33:11 AM

Quote from: CMMPro on July 22, 2013, 05:17:39 PM

I don't understand why more people aren't interested in this with a 200% annual return so far....talk me into/out of buying this!

When you wrote this post, TAT.VIRTUALMINE was paying 19.22 μBTC per day. Now, it is paying only 16.09 μBTC per day. In less than two weeks, it is likely to drop to around 13 μBTC per day. If it continues dropping at this rate (20% every two weeks), the return will be a lot less than 200%.

I think difficulty is going to rise even faster soon. Look how many asics are now shipping out. This is going to cause a massive difficulty spike.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: CMMPro on July 22, 2013, 05:17:39 PM

I don't understand why more people aren't interested in this with a 200% annual return so far....talk me into/out of buying this!

When you wrote this post, TAT.VIRTUALMINE was paying 19.22 μBTC per day. Now, it is paying only 16.09 μBTC per day. In less than two weeks, it is likely to drop to around 13 μBTC per day. If it continues dropping at this rate (20% every two weeks), the return will be a lot less than 200%.

eltopo

full member

Activity: 230

Merit: 100

Quote from: CMMPro on July 22, 2013, 05:17:39 PM

I don't understand why more people aren't interested in this with a 200% annual return so far....talk me into/out of buying this!

There never was and never will be a 200% annual return... look at the prices e.g. 30 days ago, and compare it to the prices today and the dividends you received meanwhile if you would have bought it 30 days ago. What is your return?

twentyseventy

legendary

Activity: 1386

Merit: 1000

Mining difficulty keeps going up at ~35-40% per month, so the value of this security and it's dividends should decrease proportionally.

Markets are irrational, which is why this fund and other PMBs are still very overvalued, in my opinion.

CMMPro

hero member

Activity: 588

Merit: 500

I don't understand why more people aren't interested in this with a 200% annual return so far....talk me into/out of buying this!

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: Bonam on July 19, 2013, 05:23:11 PM

Quote from: SOSLOVE868 on July 13, 2013, 10:20:50 PM

The price differences of TATVM between BTCT and BITFUNDER is large...

I just picked some up on Bitfunder for 0.0024 while it's been staying at 0.0038-0.0039 on BTCT. Oh if only shares could be quickly transferred between the exchanges!

The large gap in prices is caused by the fact that share transfer is difficult. If it were easy, people doing arbitrage would keep prices close together. Now you have 2 separate groups of investors each with its own herd-behavior driving prices semi-independently.

daCoops

member

Activity: 82

Merit: 10

Over the last few days I've noticed that traders have been doing just this - Price on BitFunder is now wavering around 0.0031 with the offloading from BTCT taking it down to around 0.0034. i.e. gaps pretty much closed. Today there was a large offload at around 13:37 for around 2000 shares...

VirtualMine still seems to be one of the better stocks/fund/bonds for returns on dividends. Beaten marginally by DMS.Mining.

What's more interesting at the moment is the fixed corridor of £55 - £65 that Bitcoins are constantly trading at.. No major movements for quite a while.

SOSLOVE868

sr. member

Activity: 378

Merit: 250

Quote from: Bonam on July 19, 2013, 05:23:11 PM

Quote from: SOSLOVE868 on July 13, 2013, 10:20:50 PM

The price differences of TATVM between BTCT and BITFUNDER is large...

I just picked some up on Bitfunder for 0.0024 while it's been staying at 0.0038-0.0039 on BTCT. Oh if only shares could be quickly transferred between the exchanges!

I don't think so , for that price 0.0024 is really great return ,even for 0.003 you still look 230 days to recovery your initial investment if we used 10% increase each time. It is more efficient than buying USB miners..I can't understand why people are dumping it like this, however, it also gives me a good opportunity to get contracts in cheap price.

Bonam

sr. member

Activity: 420

Merit: 250

Quote from: SOSLOVE868 on July 13, 2013, 10:20:50 PM

The price differences of TATVM between BTCT and BITFUNDER is large...

I just picked some up on Bitfunder for 0.0024 while it's been staying at 0.0038-0.0039 on BTCT. Oh if only shares could be quickly transferred between the exchanges!

SOSLOVE868

sr. member

Activity: 378

Merit: 250

The price differences of TATVM between BTCT and BITFUNDER is large...

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: daCoops on July 06, 2013, 01:48:08 PM

Hi TAT - any news on the 6th July Div?

Should be all set now, thanks!

daCoops

member

Activity: 82

Merit: 10

Hi TAT - any news on the 6th July Div?

TECHICENINE

newbie

Activity: 28

Merit: 0

Quote from: ThickAsThieves on June 27, 2013, 05:38:05 PM

Quote from: Jowbob on June 27, 2013, 05:21:32 PM

ThickAsThieves 1: -0 / +17(17) 2013-06-22 0.00000000 Reference Possible sock puppet for BitcoinPlay (see reference link). False scammer accusations.

WTF is that? Shocked

Sounds like you got hacked. Make a new account, run your antivirus, use better passwords, change any accounts you have elsewhere that used the same info.

====>

http://www.deepfriedcat.com/

re : hashrates?

*this site is the best please explain why he groups Bitminter>Ozcoin>BTCGuild=to equal-ASICMINER..thanks

*
*
*

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: Kuroth on June 27, 2013, 08:38:44 PM

Where is the 6/27 Div?

All set, sorry for the delay. Crazy day!

Kuroth

full member

Activity: 196

Merit: 100

Where is the 6/27 Div?

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: Jowbob on June 27, 2013, 05:21:32 PM

ThickAsThieves 1: -0 / +17(17) 2013-06-22 0.00000000 Reference Possible sock puppet for BitcoinPlay (see reference link). False scammer accusations.

WTF is that? Shocked

Sounds like you got hacked. Make a new account, run your antivirus, use better passwords, change any accounts you have elsewhere that used the same info.

Jowbob

member

Activity: 84

Merit: 10

ThickAsThieves 1: -0 / +17(17) 2013-06-22 0.00000000 Reference Possible sock puppet for BitcoinPlay (see reference link). False scammer accusations.

WTF is that? Shocked

Topic: [TAT.VIRTUALMINE] - page 3. (Read 39830 times)