log☇︎
900100+ entries in 0.623s
fiat500: BFL is going to rape AM
BTC0xygen: I need to see 28nm chips now. :P
kakobrekla: just to fuck with bfl
ThickAsThieves: "We also finalized the decision on making the next-gen (65/55nm) chips also fit in a USB powered device so that we could make Block Erupter USB II possible, instead of integrating too many cores into one big chip."
ThickAsThieves: "Shipped USB Sticks: 530. A lot more in the following week."
ThickAsThieves: Friedcat: "Shipped Blades: 278. The sales keeps a slow but steady pace."
ThickAsThieves: check this out
BTCOxygen: How long does it take to open an asset on BTCTC ?
BitHub: yeah i dont know why these guys haven't it this way, annoying
ThickAsThieves: too much to be using mBTC
ThickAsThieves: you missed the fireworks
ThickAsThieves: man, i feel like i'm totally the tinfoil-hatter in this channel now
ThickAsThieves: but it's a little shakey for him to be running his own PT imo
ThickAsThieves: I trust Burnsy n all
ThickAsThieves: having the PT operator be the exchange owner
Namworld: and it keeps coming in all day like this
Namworld: 0.18 BTC for the last PT trade
ThickAsThieves: for the week
Namworld: You're one order of magnitude too high
BTCOxygen: Now things start to make sense.
Namworld: 12968.8 Volume x 0.4% = 51.872 BTC this week.
saulimus: wish I was that clever
furuknap: Yeah, and better than 100%. He still reaps from every sale.
ThickAsThieves: Burnside has made 518.72 coins this week
Namworld: 0.4% x 1200 BTC trade earlier = 4.8 BTC
BTC0xygen: better than 5%. :P
ThickAsThieves: what's his trade fee?
ThickAsThieves: as to why Burnside does it for free
BTCOxygen: He could have a agreement with the site operator.
BTCOxygen: And thats for 5%, right?
ThickAsThieves: At current BTC/USD value that means that I would be getting paid $3500/mo to be liable for assets worth $1,575,000.
ThickAsThieves: give a few minutes to show a funny example
error4733: confuse with the usb miner
error4733: he can choose the color ?
BTC0xygen: If your PT owns more than 5k shares you become a board member and get a free blade.
ThickAsThieves: i have to buy one
ThickAsThieves: because if i dont get a board seat before he send them
ThickAsThieves: that blade is more likely to cost me money
BTC0xygen: Think should be working to get the free blade. :P
ericmuyser: BTC0xygen: I dont get it you want people to WORK for FREE? doesn't that scare you?
ThickAsThieves: yes but he has some sort of arrangement with the owner
BTC0xygen: Bitfunder ASICMINER-PT is not owned by the site owner. and does not charge a fee.
Namworld: So it's at his advantage to encourage people to get his PT shares instead of the others by charging no fees on dividends
Namworld: Owner gets trading fees
BTC0xygen: And the bitfunder PT.
ericmuyser: BTC0xygen: operated by the site owner
Diablo-D3: two straight throughs, and then tat
ericmuyser: the other PT is operated by the BTC TC owner, so he has good reason not to charge if people are trading on his site and he's getting fees
Namworld: Because passthrough managers typically charge a fee
Diablo-D3: theres three
BTC0xygen: May I ask why are you charging 5% to manage the shares ?
ericmuyser: thought you meant non TAT
BTC0xygen: Think, IIRC there is 2 ASICminer passthroughs, One does not take a management fee, And your do.
ThickAsThieves: Friedcat has enough work to do without a million requests from me
BTC0xygen: Thick does not do transfer.
ericmuyser: ThickAsThieves: so? cheaper to pick up the PT and request a transfer if you want direct?
ericmuyser: instant profit for the next dump: there will be more to come!
BTCOxygen: burnside: PM me when you get some time.
ericmuyser: good time to sell then lol, ThickAsThieves
ThickAsThieves: i bought a ton
ThickAsThieves: i must thank him
gribble: BTCUSD ticker | Best bid: 126.00000, Best ask: 126.20999, Bid-ask spread: 0.20999, Last trade: 126.00000, 24 hour volume: 22389.83248438, 24 hour low: 122.20000, 24 hour high: 126.93446, 24 hour vwap: 124.62009
furuknap: And there 100TH reahed 0.29.
Chaaang-Noi: fucking typo
furuknap: Or he's stopped taking them.
PsychoticBoy: If asicminer hits 3 btc (if ever) ill sell them all
PsychoticBoy: thanks to zefir, back then
PsychoticBoy: bought at 0.085 long time ago :D
Anduck: asicminer soon ITS REAL VALUE that is about 1 btc
ThickAsThieves: aww they stopped right at my bid
gribble: There are currently 14043730 bitcoins demanded at or over 0.0 USD, worth 19669987.6621 USD in total. | Data vintage: 0.0630 seconds
ThickAsThieves: come to papa
furuknap: C'mon, you know what I'm talking about.
furuknap: We should do a public debate on this. :-D
furuknap: If you buy and hold now, in three years, your share value drops to 50%, costing you ฿1.25 if you buy at ฿2.5.
furuknap: No, but that's because the herd doesn't realize it.
ThickAsThieves: for anyone except maybe AM themselves
ThickAsThieves: its just not on the radar
ThickAsThieves: no one is going to let 3 years from now factor into current price
furuknap: Even at half that, and let's guess that every competitor fails for the next three years, in three years, AM revenue must go down because hw sales won't be as profitable and block reward goes down.
ThickAsThieves: what do you think the avg div will be
furuknap: They'd need to sell 300 blades and 10K USB miners _every month for three years_ to make up what people think they're getting with that ludicrous 50% yield idea.
furuknap: Of course, because the halving effect every week takes away 0.05 of dividends at ฿2.
furuknap: AM cannot grow much further in terms of revenue and dividends at these price points do not add up when you take halving effect into account.
furuknap: Sure, and that demonstration is already priced into the share.
ThickAsThieves: I think that friedcat's long term actions have earned him a bit more respect and trust than your average mining asset
Bugpowder: They don't all start that way, but they all end that way.
furuknap: 'The other' ASIC hardware company. Popped up a few weeks ago. KXCminer or something along those lines.
ThickAsThieves: and sell at top
ThickAsThieves: feel free to ride the hype machine
ThickAsThieves: scams are the way
furuknap: I live in Scandinavia, I know the culture, and running a scam like that wouldn't be even close to feasible.
furuknap: Even then, people scream SCAM with their outdoors cvoice.
furuknap: KXsomethingMiner. They're the first company to talk about a 28nm chip and they're working with a highly reputable chip company to achieve that.
furuknap: See how much trouble the swedes have.
furuknap: No, but that's the change that might be useful. If they intend to float a new hardware asset, that would require a lot of overhead and time to build confidence, which isn't easy for hardware startups.
ThickAsThieves: do these shares give you any % of hardware sales?
furuknap: That depends. If they hold shares in the company, the rise in share prices would be profitable and they wouldn't have to worry about floating a new asset.
ThickAsThieves: while AM shares represent a % of the network instead
ThickAsThieves: why would they choose to lose money