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ning



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Full MemberActivity: 173Merit: 100 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 13, 2014, 04:01:40 PM #17083 Quote from: willBTC on February 13, 2014, 02:56:20 PM I have a question : the third-generation chip's payment considering USD and Bitcoins. What if Friedcat would receive huge of USDs, then How Friedcat pay shareholders Bitcoins ? To buy huge Bitcoins in the market will certainly be hard .



As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good. As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

canth



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LegendaryActivity: 1442Merit: 1000 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 13, 2014, 04:11:34 PM #17084 Quote from: aahzmundus on February 13, 2014, 02:46:01 AM Looks like all divs are confirmed at least 45 times, I was not expecting things to go this well all things considered.



Good news coming out of AM, Divs were a little higher this week, divs confirmed with little issue, overall news for bitcoin in general is positive. I see the share price going up quite a bit the next few months.



AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.



Or am I missing something about the malleable tx 'flaw'? AFAIK, there have not been any reports of problems sending BTC transactions with confirmed coins. Someone please point out if I've missed problems in that scenario. The only potential issue would be if friedcat were using a bitcoin client (like QT) which allowed him to send unconfirmed coins sent to the change address and he didn't wait for the change transactions to be confirmed.Or am I missing something about the malleable tx 'flaw'? Reputation thread: https://bitcointalk.org/index.php?topic=404667.0

buck19



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NewbieActivity: 23Merit: 0 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 13, 2014, 06:26:36 PM #17086 Quote from: ning on February 13, 2014, 04:01:40 PM Quote from: willBTC on February 13, 2014, 02:56:20 PM I have a question : the third-generation chip's payment considering USD and Bitcoins. What if Friedcat would receive huge of USDs, then How Friedcat pay shareholders Bitcoins ? To buy huge Bitcoins in the market will certainly be hard .



As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.



From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.



In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue... I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

minerpumpkin



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A pumpkin mines 27 hours a night







Hero MemberActivity: 686Merit: 500A pumpkin mines 27 hours a night Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 13, 2014, 07:09:10 PM #17087 Quote from: buck19 on February 13, 2014, 06:26:36 PM Quote from: ning on February 13, 2014, 04:01:40 PM Quote from: willBTC on February 13, 2014, 02:56:20 PM I have a question : the third-generation chip's payment considering USD and Bitcoins. What if Friedcat would receive huge of USDs, then How Friedcat pay shareholders Bitcoins ? To buy huge Bitcoins in the market will certainly be hard .



As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.

As a mining related company, buying Bitcoins from the market in order to pay out the dividends doesn't sound very plausible. However, I think in the case of receiving predominantly US dollars, the less hassle way for AM to do is to just keep the dollars for future use. As for long time investors, this might not be much of a problem (subjective opinion). Also, please note that, using Bitcoin as payment method has the advantage of being instant (relative to international wire transfers), and this advantage can be critical since chip buyers would normally expect their new ASICs to be shipped fast. Together with franchising, which generates Bitcoin revenue, we should be good.



From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.



In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

I really don't see ASICMiner accepting dollars in payment. Cash, check, credit card? LOL.From what I've been reading, AM would name a price for gen 3 chips in USD but accept payment in the equivalent amount of BTC. So, as the BTCUSD rate goes up, the hardware becomes cheaper in BTC.In order to maximize BTC dividends, hope for the current low exchange rate (Bitstamp is at $630) to continue...

These problems have been addressed by friedcat in his latest statement: These problems have been addressed by friedcat in his latest statement: https://bitcointalk.org/index.php?topic=99497.msg5025133#msg5025133 I should have gotten into Bitcoin back in 1992...

empoweoqwj



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Hero MemberActivity: 518Merit: 500 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 14, 2014, 05:50:02 AM #17088 Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.



I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.



I'm devastated right now - I have asked havelock if they can do anything about it ....



That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.



All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy

spartan82



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Hero MemberActivity: 658Merit: 500 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 14, 2014, 06:46:54 AM #17094 Quote from: empoweoqwj on February 14, 2014, 05:50:02 AM Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.



I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.



I'm devastated right now - I have asked havelock if they can do anything about it ....



That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.



All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy



shit dude im sorry to hear, i would be fucking devastated. hope havelock can provide you with enough info to track the bastard down shit dude im sorry to hear, i would be fucking devastated. hope havelock can provide you with enough info to track the bastard down

empoweoqwj



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Hero MemberActivity: 518Merit: 500 Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It February 14, 2014, 08:59:37 AM #17098 Quote from: HeRetiK on February 14, 2014, 08:50:35 AM Quote from: empoweoqwj on February 14, 2014, 05:50:02 AM Just a warning - I've just had my havelock account hacked and all my AM1 shares stolen, and money withdrawn from account.



I had both 2FA enabled, and login from my own country, Thailand. The thief managed to bypass both of those somehow.



I'm devastated right now - I have asked havelock if they can do anything about it ....



That is why price has gone down at havelock - someone sold my 150 shares and then withdrawn the bitcoins.



All withdrawn to: 18jURpZJjcpdp8Utdf9tePVY4VGK84DmUy



Did you have an activated API key? Been on any shady crypto related sites while being logged in at Havelock? This sounds like a rather serious issue, not sure how likely it is that both your login device and 2FA device were compromised.

Did you have an activated API key? Been on any shady crypto related sites while being logged in at Havelock? This sounds like a rather serious issue, not sure how likely it is that both your login device and 2FA device were compromised.

No API key. I've mentioned in other posts (probably in other threads), I don't log into any "random" URLs, ever. If I try a URL out, I use a different browser. But that's very rare as well. No API key. I've mentioned in other posts (probably in other threads), I don't log into any "random" URLs, ever. If I try a URL out, I use a different browser. But that's very rare as well.