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Title: Asicminer valuation Post by: pornluver on June 12, 2013, 02:27:51 PM Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin. That is $112 million dollar valuation. Am I reading this right? The start up capital is $100k only? Title: Re: Asicminer valuation Post by: lophie on June 12, 2013, 02:37:33 PM Do I get this number right? 400k shares multiplied by 2.5 bitcoin is 1 million bitcoin. That is $112 million dollar valuation. Am I reading this right? The start up capital is $100k only? The first part yes. The second part was around 163,000shares*0.1BTC = 16300BTC*$15(~ish of the exchange rate at that time) = $244500. If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right. DISCLAIMER: my own calcs, I am a known retard. Title: Re: Asicminer valuation Post by: kokojie on June 12, 2013, 03:07:43 PM Do I get this number right? 400k shares multiplied by 2.5 bitcoin is 1 million bitcoin. That is $112 million dollar valuation. Am I reading this right? The start up capital is $100k only? BFL took in a similar amount of money in USD terms, and has delivered what? 5% of ASICMINER's hash rates? Title: Re: Asicminer valuation Post by: bitman442 on June 12, 2013, 05:05:55 PM Do I get this number right? 400k shares multiplied by 2.5 bitcoin is 1 million bitcoin. That is $112 million dollar valuation. Am I reading this right? The start up capital is $100k only? The first part yes. The second part was around 163,000shares*0.1BTC = 16300BTC*$15(~ish of the exchange rate at that time) = $244500. If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right. DISCLAIMER: my own calcs, I am a known retard. Thanks alot, everybody at work probably thinks I'm nuts because I burst out in laughter after reading your disclaimer. Anyway, the magnitude of growth from this company is just astounding. I kick myself every day for not getting in sooner but I bought in at 1.45 so I guess I can't complain too much. Title: Re: Asicminer valuation Post by: lophie on June 13, 2013, 03:33:32 AM lol I was around on IPO days and I was literally mining and as soon as my mining on slush pool reaches 0.1BTC I would transfer them to GLBSE and get one more share. I was really just lucky I did the poker's "all in" and kept a poker face for months until ASICMINER actually made the chips. ;D
Title: Re: Asicminer valuation Post by: MSantori on June 13, 2013, 04:11:11 AM How many shares are outstanding for ASICMINER then?
Title: Re: Asicminer valuation Post by: lophie on June 13, 2013, 04:15:30 AM How many shares are outstanding for ASICMINER then? 400000-163000, Too lazy to do the calc, hence how retard I am. Title: Re: Asicminer valuation Post by: Deprived on June 13, 2013, 04:17:25 AM How many shares are outstanding for ASICMINER then? Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. Title: Re: Asicminer valuation Post by: Deprived on June 13, 2013, 04:18:45 AM How many shares are outstanding for ASICMINER then? 400000-163000, Too lazy to do the calc, hence how retard I am. Outstanding means sold ones - not unsold ones. And for all practical purposes such as calculating dividends or working out valuations you should treat ASICMINER shares as being BitFountain shares (the 400,000). Title: Re: Asicminer valuation Post by: Franktank on June 13, 2013, 04:20:42 AM How many shares are outstanding for ASICMINER then? Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. Additionally, I have also done an informal report here (https://bitcointalk.org/index.php?topic=220837.0) with their earnings from Feb 28 - May 31. Hope it helps. Title: Re: Asicminer valuation Post by: lophie on June 13, 2013, 05:05:42 AM How many shares are outstanding for ASICMINER then? Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain. Title: Re: Asicminer valuation Post by: Franktank on June 13, 2013, 05:13:52 AM Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain. Actually... If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them. Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question:- Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan 8) will be that: Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally. Source (https://bitcointalk.org/index.php?topic=99497.msg1094567#msg1094567) EDIT: IPO post does also mention voting power with AM shares. Title: Re: Asicminer valuation Post by: lophie on June 13, 2013, 05:22:22 AM So both of us are mistaken. The correct answer is rights to profits of Bitcointain per share and voting power per 5k shares.
Thank you OP we got corrected and educated about our beloved investment. Title: Re: Asicminer valuation Post by: EskimoBob on June 14, 2013, 10:10:06 AM Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain. Actually... If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them. Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question:- Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan 8) will be that: Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally. Source (https://bitcointalk.org/index.php?topic=99497.msg1094567#msg1094567) EDIT: IPO post does also mention voting power with AM shares. Nice report but this is only a partial picture. :) Maybe you can convince friedcat to publish a complete cash flow and profit/loss report and the balance sheet is needed too. Title: Re: Asicminer valuation Post by: pornluver on December 16, 2013, 09:10:24 AM Anyone knows what the value now?
Title: Re: Asicminer valuation Post by: Bitcoin Oz on December 16, 2013, 11:30:22 AM Title: Re: Asicminer valuation Post by: pornluver on December 17, 2013, 09:13:32 AM Where is it traded now?
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