freedomno1
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Activity: 1848
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Learning the troll avoidance button :)
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June 09, 2013, 08:02:39 AM |
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400,000 Shares * 2.5 BTC = 1000000 BTC * $99 (Current exchange rate) = $99,000,000 ASICMINER is no longer a $100,000,000+ company, Any takes on this subject? <yes I am evil I brought up BTC speculation into this thread.>  but, in the meantime, USB miners are for less than $200  people should buy them while they're cheap He-he that is also true |
Believing in Bitcoins and it's ability to change the world
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lophie
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June 09, 2013, 08:05:46 AM |
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Isn't this raising the cost of electricity and management per BTC which means less div this week?
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Will take me a while to climb up again, But where is a will, there is a way...
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stripykitteh
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June 09, 2013, 08:19:29 AM |
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Isn't this raising the cost of electricity and management per BTC which means less div this week?
Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up? |
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Lohoris
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June 09, 2013, 08:22:45 AM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. |
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lophie
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June 09, 2013, 08:28:03 AM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. If I spend 5% on electricity and management fees and that covers volatility of Bitcoin price in the range of 5%-15% then it is okay. But when the price plummets from $120 - $90 that means it went down 20%+ which means I would have to sell more BTC to cover the expenses. the BTCUSD rate is ALWAYS relevant. The effect was just way minimal unless a big swing like what is happening nowadays occurs. <Edit: Just noticed you were quoting someone else and not responding to me. Sorry for being an idiot. In the response you are totally right IMO> |
Will take me a while to climb up again, But where is a will, there is a way...
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stripykitteh
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June 09, 2013, 08:28:52 AM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. |
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JimiQ84
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June 09, 2013, 08:34:53 AM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. it's little bit relevant as BFL sells asics priced in USD, electricity is in USD and GPUs are in USD |
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Lohoris
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June 09, 2013, 08:53:59 AM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. No, that's exactly like just buying BTC and not spending them. If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD. |
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Fabrizio89
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June 09, 2013, 10:50:39 AM |
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The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/
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freedomno1
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Activity: 1848
Merit: 1096
Learning the troll avoidance button :)
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June 09, 2013, 10:57:01 AM |
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The panic sells on BTC/USD market caused some panic on share price aswell. Cheap shares for everyone but me. :/
Wonder if the market is going the right way and going to be a busy day from a trading view And you'll succeed Fab I believe in you  |
Believing in Bitcoins and it's ability to change the world
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joele
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Activity: 1022
Merit: 1000
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June 09, 2013, 11:43:02 AM |
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Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price
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Transisto
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Activity: 1731
Merit: 1008
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June 09, 2013, 12:48:27 PM |
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Asicminer price at bitfunder is bargain now compare to TAT and at btct.co price
Price is the same on both exchanges 2.3 vs 2.315 If it's not, someone will grab a profit to make sure it is. |
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lophie
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June 09, 2013, 12:54:28 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> |
Will take me a while to climb up again, But where is a will, there is a way...
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bobboooiie
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June 09, 2013, 01:05:41 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit |
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lophie
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June 09, 2013, 01:09:45 PM |
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Lophie is back again with the weird connections and questions. Guys considering that GPU mining was returning only ~40%ish considering electricity cost. Do you think during this slumpy week for the exchange rate that many miners will pause mining which would boost ASICMINER network hashrate% and therefore... more profit BTC_ BTC? <Answering myself: Go home lophie you are drunk. Please don't spend your dividends on excessive booze it is bad for your health> Why would they? That would be just stupid, they just need to hope price rebound back and hold onto coins. They just cannot sell them for immediate profit I rest my case |
Will take me a while to climb up again, But where is a will, there is a way...
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Eric Muyser
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You can't kill math.
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June 09, 2013, 01:10:18 PM |
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I like how TAT.ASICMINER is pretty much holding up. |
@EricMuyser | EricMuyser.com | OTC - "Defeat is a state of mind; no one is ever defeated until defeat has been accepted as a reality" - Bruce Lee
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stripykitteh
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June 09, 2013, 01:16:22 PM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. No, that's exactly like just buying BTC and not spending them. If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD. I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? |
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SOSLOVE868
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June 09, 2013, 01:29:10 PM |
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Another way of looking at it is the blades are a lot cheaper now as measured in $ so perhaps sales will actually go up?
They are priced in BTC, they produce BTC, the BTCUSD rate is irrelevant here. No, if you are long on btc it's clearly a bargain. No, that's exactly like just buying BTC and not spending them. If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD. I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? No affect on the demand of BLADE...as long as the return of BLADE maintaining the same level. only things will affect is who buys the BLADE ,and how to buy the BLADE. if a BLADE cost $49990 ,its return remains the same, then its potential buyers will switch to rich one ,or group buy. |
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Lohoris
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June 09, 2013, 01:32:27 PM |
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No, that's exactly like just buying BTC and not spending them.
If you spend them for another BTC-producing asset is irrelevant relative to BTCUSD.
I accept your argument that the btc:usd rate doesn't affect return. However, the cost of entry to the product has lowered, making it affordable to more people. I would expect that to drive sales up. Imagine the corollary. If btc:usd went up to $1000, a blade would now cost $49,990 cash price. How many do you think AM will sell per week at those prices? I see your point, and while it does make sense, I don't think it weights so much. I guess that this kind of "market" would auto-adjust, and if the price of BTC would go up too much, people who wanted to spend less would just either buy a minor product (i.e. USB miner) or buy shares such as PTs or virtual mines. So, yes, sales could be slightly affected by such a thing, but not as much as someone might imagine. |
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