I took the BTC from the sale, sold it for USD, and put it into TSMC, so don't think I'm bearish for the sake of being bearish or not reading into what's posted here.
So are you bullish on the USD then?
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BoardSecurities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
So the companies name is "Basic Miner" now? Haha, jk Keep up the good work guys!
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BoardSecurities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
nycgoat
on 26/11/2014, 13:31:18 UTC
I haven't received anything yet. Direct shares.
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BoardBitcoin Discussion
Re: Bitcoiners, Stop Worrying About Everything!
by
nycgoat
on 24/11/2014, 12:33:44 UTC
I actually kind of miss the excitement of being scared occasionally. Now we are all just bored, trading some chop and waiting for the next bubble so that we can use our earnings to start the next round of Bitcoin companies.
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Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
BFL was shut down last week. I would assume they had 1) a large self mining operation and 2) their hosted mining operation, which were both probably shut down during the raid. I believe this has led to the drop in the overall hash rate, and that we might actually see our first negative difficulty adjustment in a long time.
Still, with estimation of average 9% increase over every difficulty increase and a 20% decrease next adjustment (thats very conservative number, buttf__king labs machines surely doesnt contribute 20% of the network), it would not be reasonable to buy any hashes. (you would earn 1.104 from hashing and 0.09 from interest assuming 0.25% rate)
Let's see how irrational it could go... lol just like on CEXIO
And as an FYI, I do agree with your math and statements. I have been following difficulty derivatives for quite a while now, and always see the securities being traded as being overvalued. This is one time where I think it is worth taking a closer look though, as we might be in a unique situation where the market is under valuing this security for the time being, and I do feel that there are unanswered questions regarding how the properly generate an accurate pricing estimate.
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BoardExchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
Let's see how irrational it could go... lol just like on CEXIO
Exactly, everyone uses different pricing models which allow them to create their own individual valuation of the security. I still don't believe that the market has agreed on the pricing for this asset yet. Although it is a depleting asset (which, according to the issuer, should result in a price of 0 upon expiration in December), any amount of hash power which is backed by the security still has value at the time of expiration. With the value of the underlying asset not diminishing to 0, but the value of the asset "diminishing" to 0, is the current value of the share a) the amount of btc that each share will mine between now and expiration or b) the amount of btc that the asset will generate over it's entire lifetime with a theta burn similar to what is experienced in options (this would be with a Dec expiration)?
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
BFL was shut down last week. I would assume they had 1) a large self mining operation and 2) their hosted mining operation, which were both probably shut down during the raid. I believe this has led to the drop in the overall hash rate, and that we might actually see our first negative difficulty adjustment in a long time.
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BoardExchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
nycgoat
on 26/09/2014, 21:30:06 UTC
Is there a discussion thread for TH1BTC? I couldn't find anything.
Thank you.
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BoardExchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
Came here re: the negative dividends issue as well. Glad to see you guys have sorted out the cause.
Cause is known, problem still here.
This address triggers everything: 19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4 Send any balance here and it will appear proportionally (by dividing 3500TH) in every BFX account.
Yep, I am sure they will sort things out soon. Bfx is pretty responsive and easy to work with in my experience.
This should be an interesting difficulty period for those trading TH1BTC. The 504 block moving average was below the 1,008 and 2,016 at the time of difficulty change. I don't think I have seen that in months/years.
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
nycgoat
on 26/09/2014, 17:11:16 UTC
Came here re: the negative dividends issue as well. Glad to see you guys have sorted out the cause.
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BoardSecurities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
Every Wednesday I come back to this thread hoping that today will be the day that divs come back. Wednesdays used to be a happy time with Lophie boasting about dibs providing fuel for his jet yeah right...
Oh well I still believe dibs will resume because Friedcat said so but it would be nice for a goddamn update so I wasn't basing my belief off of a statement he made months ago. Things change fast.
Back then we were all eating filet on Wednesdays, now its back to rice