Author

Topic: WTB 12 ASICMiner shares @ 2.55 BTC Each (Read 1164 times)

newbie
Activity: 55
Merit: 0
June 08, 2013, 12:23:03 PM
#20
Thanks everyone glad I could spur some conversation! I took the advice and bought on btct.co glad I did! Was cheaper than buying though auctions and less trust involved Smiley

Funny thing is I've been wanting to buy since early in the year but never had the time to do my due diligence research wise. I got fed up and finally bought some shares.

There's a nice concept!
May I ask how you intended to do your due diligence on ASICMINER?
I confess I tried and did not succeed: from what I know there is no shred of guarantee last week's dividends were not the last.

All I could find is that the hardware exists - it has been bought and used by too many (apparently) independent people, and that there seems to be a good number of folks that have already got much more in dividends then they have put in... Now, this certainly tells a story, but should it justify the incredible valuation of the stock?

(interested to hear your opinion, though it may be *way* off-topic here  Roll Eyes )

You are absolutely right! Its very time consuming but all the info is out there. There's a lot of informative posts on Reddit and here as well. Its mostly discussion and speculation but thus far ASICMiner has a good track record and its in their interest to keep investors happy. I think even though there will be a lot of competition that ASICMiner has the means and the funds to scale up. Also, we get dividends on profits from hardware sales as well. When ever there is a new generation some, most, or all of the older gen stuff will be sold. I'm still reading up on everything but time is a very precious resource!
legendary
Activity: 1190
Merit: 1001
in case Asicminer can keep hashing 20% of the global hashrate the next few years, think about

25 coins per block * 10 blocks per hour * 24 hours per day * 7 days per week = 42000 BTC hashed per week globally
42000 BTC * 20% global hashing share / 400.000 AM-shares = 0.021 per share  each week

plus shared income from selling
minus money reinvested (for research and to build chips and other devotionals)
minus money to run the biz

0.021 per share calculated? but this week was around 0.038



I don't think ASICMINER is going to keep that high hashrate for years. In the next few months a lot of companies are going to enter the market, and everything changes really fast in the bitcoin world.
full member
Activity: 127
Merit: 100
also from transaction fees, soon mining income will be more profitable from transaction fees then actuall blocks, that will be great, i hope they leave that part of the system, and dont touch block sizes or lower transaction fees, just let the system play it out itself

okay, one last off topic:

I just got the imagination of 100.000 transactions within few minutes. turn out to meet the future block reward of 5BTC

https://en.bitcoin.it/wiki/Weaknesses#Spamming_transactions

go0d morning
full member
Activity: 168
Merit: 100
in case Asicminer can keep hashing 20% of the global hashrate the next few years, think about

25 coins per block * 10 blocks per hour * 24 hours per day * 7 days per week = 42000 BTC hashed per week globally
42000 BTC * 20% global hashing share / 400.000 AM-shares = 0.021 per share  each week

plus shared income from selling
minus money reinvested (for research and to build chips and other devotionals)
minus money to run the biz

0.021 per share calculated? but this week was around 0.038



also from transaction fees, soon mining income will be more profitable from transaction fees then actuall blocks, that will be great, i hope they leave that part of the system, and dont touch block sizes or lower transaction fees, just let the system play it out itself

ELAZAR
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
newbie
Activity: 17
Merit: 0
Funny thing is I've been wanting to buy since early in the year but never had the time to do my due diligence research wise. I got fed up and finally bought some shares.

There's a nice concept!
May I ask how you intended to do your due diligence on ASICMINER?
I confess I tried and did not succeed: from what I know there is no shred of guarantee last week's dividends were not the last.

All I could find is that the hardware exists - it has been bought and used by too many (apparently) independent people, and that there seems to be a good number of folks that have already got much more in dividends then they have put in... Now, this certainly tells a story, but should it justify the incredible valuation of the stock?

(interested to hear your opinion, though it may be *way* off-topic here  Roll Eyes )
full member
Activity: 127
Merit: 100
in case Asicminer can keep hashing 20% of the global hashrate the next few years, think about

25 coins per block * 10 blocks per hour * 24 hours per day * 7 days per week = 42000 BTC hashed per week globally
42000 BTC * 20% global hashing share / 400.000 AM-shares = 0.021 per share  each week

plus shared income from selling
minus money reinvested (for research and to build chips and other devotionals)
minus money to run the biz

0.021 per share calculated? but this week was around 0.038

newbie
Activity: 42
Merit: 0
what are the dividends like? for 1 share


Give or take some I think its around .03BTC weekly
hero member
Activity: 672
Merit: 500
what are the dividends like? for 1 share
legendary
Activity: 1190
Merit: 1001
Funny thing is I've been wanting to buy since early in the year but never had the time to do my due diligence research wise. I got fed up and finally bought some shares. Yeah I hear ya I was reading one exchange needed 30BTC as a registration fee  Shocked

That happens, is not easy to research in the bitcoin world. You need a lot of time  Embarrassed
newbie
Activity: 55
Merit: 0
June 06, 2013, 05:50:43 PM
#9
Funny thing is I've been wanting to buy since early in the year but never had the time to do my due diligence research wise. I got fed up and finally bought some shares. Yeah I hear ya I was reading one exchange needed 30BTC as a registration fee  Shocked
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
June 06, 2013, 04:48:09 PM
#8
Here are the instructions on how to transfer your shares from btct.co ASICMINER-PT into direct ASICMINER shares:

https://bitcointalksearch.org/topic/btctcasicminer-pt-public-trading-of-asicminer-shares-148350

This method works GREAT, highly recommended.

It is free to transfer even 1 single share into a direct one, but if you transfer more than once per month there is a 0.25 BTC fee, but the fee is waived if you always transfer more than 50 shares at a time.

I'd like to ask that anyone requesting transfers try to keep it to 5 shares minimum, 10 would be even better. You're kinda abusing the system otherwise...

Even 10 shares is reasonable...  A lot better than bitfunders' 250 share!
newbie
Activity: 55
Merit: 0
June 06, 2013, 04:09:49 PM
#7
You guys are awesome thank you for the info. Depending on price it might be 12-16 shares so it'll be over 10. Thanks!
hero member
Activity: 518
Merit: 500
June 06, 2013, 03:55:19 PM
#6
Here are the instructions on how to transfer your shares from btct.co ASICMINER-PT into direct ASICMINER shares:

https://bitcointalksearch.org/topic/btctcasicminer-pt-public-trading-of-asicminer-shares-148350

This method works GREAT, highly recommended.

It is free to transfer even 1 single share into a direct one, but if you transfer more than once per month there is a 0.25 BTC fee, but the fee is waived if you always transfer more than 50 shares at a time.

I'd like to ask that anyone requesting transfers try to keep it to 5 shares minimum, 10 would be even better. You're kinda abusing the system otherwise...
member
Activity: 110
Merit: 10
June 06, 2013, 03:46:28 PM
#5
Or if you're looking to buy 40+ direct shares, I believe this auction is still open: https://bitcointalk.org/index.php?topic=213729.0;all
legendary
Activity: 1190
Merit: 1000
www.bitcointrading.com
June 06, 2013, 03:31:48 PM
#4
Here are the instructions on how to transfer your shares from btct.co ASICMINER-PT into direct ASICMINER shares:

https://bitcointalksearch.org/topic/btctcasicminer-pt-public-trading-of-asicminer-shares-148350

This method works GREAT, highly recommended.

It is free to transfer even 1 single share into a direct one, but if you transfer more than once per month there is a 0.25 BTC fee, but the fee is waived if you always transfer more than 50 shares at a time.
newbie
Activity: 55
Merit: 0
June 06, 2013, 02:40:30 PM
#3
Thanks for the advice do any of them allow you to buy direct shares? That's all I'm interested in.
full member
Activity: 179
Merit: 100
Bitcoin: money chosen by the market.
June 06, 2013, 02:35:05 PM
#2
Recomendation:

Save BTC, log into BitFunder.com or btct.co, create an account, fund it.

Buy either 12 G.ASICMINER-PT or 12 ASICMINER-PT,
Buy 14 TAT.ASICMINER,

send me BTC0.36 for the advice see below    vvv   Wink
newbie
Activity: 55
Merit: 0
June 06, 2013, 01:50:08 PM
#1
In title have enough for 12 shares at 2.55 BTC each. Will pay super fast, prefer to deal with someone reputable. Will give trust after transaction. Thanks

proof that I pay fast
https://bitcointalksearch.org/topic/19-direct-asicminer-shares-12-hour-auction-226808
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