ASICMiner Blade Prices Reduced 65% After Shares Crash
thegenesisblock.com
ASICMiner Blade Prices Reduced 65% After Shares Crash
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Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#2Funny how even bitcoin hardware producers can get caught out by the volatility of everything associated with bitcoin. Tip: Don't price your stock and inventory in btc.
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#3> After reaching an all-time high of 5.15 BTC per share on July 3rd they have dropped 48% to 2.71 BTC per share as of today.
Pardon? Is there a stock market that trades in BTC?
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#43.5 bitcoin is roughly $450. If you bought one now and started it running in September, you will likely never break-even or make a profit:
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#5Funny how even bitcoin hardware producers can get caught out by the volatility of everything associated with bitcoin. Tip: Don't price your stock and inventory in btc.
Bitcoin is definitely still too volatile to be a reliable store of wealth, but this is related to the exponential growth of the bitcoin network, not the volatility of the currency itself.
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#6Funny how even bitcoin hardware producers can get caught out by the volatility of everything associated with bitcoin. Tip: Don't price your stock and inventory in btc.
It's not the bitcoin volatility that has triggered this price drop (BC has been relatively stable recently), it's the fact that they were overpriced.
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#7> After reaching an all-time high of 5.15 BTC per share on July 3rd they have dropped 48% to 2.71 BTC per share as of today. Pardon? Is there a stock market that trades in BTC?
Yes of course:
https://www.havelockinvestments.com/
It's all risky and low volume, as you might expect. Then there's also OTC with people doing auctions on forums, etc.
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#8> After reaching an all-time high of 5.15 BTC per share on July 3rd they have dropped 48% to 2.71 BTC per share as of today. Pardon? Is there a stock market that trades in BTC?
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#93.5 bitcoin is roughly $450. If you bought one now and started it running in September, you will likely never break-even or make a profit: http://mining.thegenesisblock.com/a/a65c154190
I think that's the point though right? Its an arms race with a nearly perfectly efficient market that will (in the future) not be a get-rich-quick scheme for miners. If there's profit to be made easily, the some people will react by mining more and then it 'fixes' the market. Assume that some people will act irrationally and mine inefficiently, or with the hope that the market will skyrocket- these people will bring the profit yield down to unprofitable levels by at least a few %.
I liked mining with a GPU a while back, because I figured at least I could use the GPU for gaming as well and it just helped to keep me on the newer GPU cards with less guilt (since I want fancy GPUs, but almost never game so rarely use them).
Re: ASICMiner Blade Prices Reduced 65% After Shares Crash
#10> After reaching an all-time high of 5.15 BTC per share on July 3rd they have dropped 48% to 2.71 BTC per share as of today. Pardon? Is there a stock market that trades in BTC?
Yes of course: https://btct.co/ https://bitfunder.com/ http://mpex.co/ https://www.havelockinvestments.com/ It's all risky and low volume, as you might expect. Then there's also OTC with people doing auctions on forums, etc.
> * This is a virtual stock exchange using virtual currency. Virtual goods utilized on this site are for entertainment and educational purposes only.
So the favorable interpretation would be that this is a toy exchange... The other possibility being a conveyor of unregistered securities.