ASICMINER: Entering the Future of ASIC Mining by Inventing It

[Mausini]

You have to stand up and say something now friedcat.

What does he have to say? He is emailed the list of shareholders twice a day, the PT shares will become direct shares, this is almost exactly why the email was sent in the first place.

Of all the funds and securities I hold on BTCT right now, this is the one I'm least concerned about.

Any source to confirm PT shares will become direct shares? Thanks.

to those who have not been around for that long:

ASICMINER was originally traded on an exchange called glbse. this exchange went to dust and all shares held by the investors were transferred to direct shares (probably an excel table on friedcats laptop). at that time, this measure was born out of necessity. If glbse wouldnt have gone down, there would not be direct shares. All passthroughs were born to make direct shares efficiently tradable again. One reason firedcat didnt want direct shares to be listed on an exchange like btct is exactly what has happend now. As all pt shares will be transferred back to direct shares, the closing of btct DOES MEAN NOTHING FOR ASICMINER'S BUSINESS.

In short: this has happend before! It will go a lot smoother than last time. it is absolutely not worth panicking about.

[BitThink]

This time PT shares is handled by burnside, not friedcat. Friedcat does not even have our addresses. But what burnside said is "there are a lot of options", so it seems change PT to direct shares is just one possible option he will take. We need confirmation from burnside what's his solution, but apparently this issue is not on his priority list yet.

[supert]

What happens on div day?

[Rannasha]

This time PT shares is handled by burnside, not friedcat. Friedcat does not even have our addresses. But what burnside said is "there are a lot of options", so it seems change PT to direct shares is just one possible option he will take. We need confirmation from burnside what's his solution, but apparently this issue is not on his priority list yet.

Friedcast does have the addresses of PT-investors, in the thread dedicated to burnsides PT, he says that an updated shareholder list is emailed to Friedcat twice per day.

[Lohoris]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

[SOSLOVE868]

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

[VeeMiner]

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

why not just keep them? You're not providing a single good reason for selling this cheap... You will still get the dividends regardless of the actual price on the market. And once friedcat comes with Gen 2 you will be happy that you haven't sold.

[supert]

I managed to snatch a bunch @ 1.28. That's more than 45% annual return.

Even with all the uncertainty and fear, it's a steal.

People who bought at 4.3: "Why not buy? It's a 30% annual return."
People who bought at 3.5: "Why not buy? It's a 30% annual return."
People who bought at 2.5: "Why not buy? It's a 30% annual return."

All of these people are now facing negative returns at current market prices.

Lol much true.

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

And lo, support becomes resistance. Psychology never changes.

If it's any consolation, I had the exact same process. I had all ready to sell at 5 and it reached 4.8 (doh).

I'm holding now as I think they're cheap and they pay a dividend so I'm being paid to wait.

[Monarch]

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

http://img809.imageshack.us/img809/476/x66a.jpg

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

[velacreations]

Friedcat does not even have our addresses.

yes he does, he gets emailed the list every day.

[puck2]

Dear fellow investors,

seems like we finally have ASICMINER's live hashrate meter

Code:

http://erpao.info/#

*but its just leak from chinese guy again, not official, thank you tinyfox266

Now we *know that approx ~4528 blades are hashing, everything else is just a luck or bad luck.

Also ASICMiner-PR account was recently created. I hope, it will be used for regular company updates like Friedcat did in past as soon as possible.

Thank you AM & keep up the good work.

Great... also looks like the 7 day average here http://www.asicminercharts.com/ has been pretty accurate.

[lano1106]

When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).

I got exactly the same feeling , ahead of BTCT closing , I am more confusing about my AM shares.

psychology is really weird. And this is exactly right after a majority of investors have gone through this process that the share price start to go up....

[velacreations]

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go.  They are by far the safest security on BTCT to own. 

[Aedius]

Picked up some shares. ASICMINER is definitely the safest security to own on BTCT and the recent panic-selling has made it very inexpensive.

[Rannasha]

as far as I know, AM is the only security on BTCT that has a direct shares system in place and ready to go.  They are by far the safest security on BTCT to own. 

A "direct shares system" isn't much more than a list of address coupled with share counts and someone willing to make changes to it when requests come in.

BTCT sends out daily emails with such lists to all asset-issuers, so in principle any security could go "direct shares" at a moments notice. What matters is how trustworthy the asset issuer is. There are some securities on BTCT where I trust the issuer to handle matters properly, so I've been buying budget-shares in those.

[Otaci]

Note that the shares on BTCT (specifically TAT.ASICMINER) are pass-throughs, not the direct shares. Wish I'd bought some though, trading in them has now been suspended.

EDIT: trading has been suspended because the issuer plans to transfer them to another exchange. Great news.

[prancing_around]

Any idea what will happen to the fractional shares? I have about 80, I'm contemplating selling them and throwing in some coin to buy a full share.

[Rannasha]

Any idea what will happen to the fractional shares? I have about 80, I'm contemplating selling them and throwing in some coin to buy a full share.

They will be transfered to either Bitfunder of Havelock. TAT, the operator of the fractional PT on BTCT operates similar PT's on those other two exchanges. You can find his post in the thread of the PT.

[jgarzik]

How about this:  make it possible for users to create their own decentralized exchange.

• Register a bitcoin address for each shareholder, if not already.  This enables the ability to authenticate cryptographically signed digital messages.  See this stackexchange answer for a guide.  Most bitcoin clients support signing messages.  Registering a GPG key for each shareholder is an alternative, though that requires additional software beyond a bitcoin client.
• Publicly declare a bitcoin address and GPG key for official ASICMINER messages.
• Publicly declare an email address for emailing ASICMINER robot
• At the end of every day, ASICMINER robot produces a message listing all shareholders, by key and share count.  Attach bitcoin and GPG digital signatures.
• To trade ASICMINER shares, the seller sends a digitally-signed message "transfer N shares to bitcoin address FOO" to the ASICMINER robot.

That is all that is needed on the ASICMINER side:  maintain a shareholder registry.  changes to the shareholder registry may be both pseudonymous and secure.

Then anyone may build an exchange that trades shares.  Anyone may trade ASICMINER shares at any time, using this method.

Re-posting via quote, given today's BTCT  business.

Having a publicly auditable share registry is important.

[Lohoris]

why not just keep them? You're not providing a single good reason for selling this cheap... You will still get the dividends regardless of the actual price on the market. And once friedcat comes with Gen 2 you will be happy that you haven't sold.

Because I've no longer have so much trust on AM as I had before, and because psycology is strange: I hate to have missed the opportunity to make big gains, but I'd hate even more to actually take losses. So I'm selling at a price that would make me go on par (and this would still mean I've partially "lost" the time I've spent in doing this trades).

But... I'm partially convinced I could wait a bit after all, so I've slashed the sell to only ~half of my shares.
(not that I think the order will actually get filled)