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 
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
)
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!
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
)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!