Bitcoin Forum

http://static.wixstatic.com/media/170cdd_529c6d57174b404cbf4fa64ad7a087a8.png_srz_p_278_273_75_22_0.50_1.20_0.00_png_srz
You can't mine it directly.  But you can mine it indirectly.
You can buy it with C-Note or BTC.
You can buy / sell or trade it.
You can even buy and sell options on its movement.
IPO Price is .000001 < Price can NEVER go lower.
BUY / SELL Options... make money if it goes down!
 
BUY SELL TRADE SHARES: http://goo.gl/YwH2oy (http://goo.gl/YwH2oy)
ABOUT C-NOTE: http://goo.gl/cmP8M7 (http://goo.gl/cmP8M7)

*** This is a self moderated Topic ****
I welcome any real criticism and real commentary.
No comments will be deleted unless they are so TROLLERIFIC that they just don't belong on the thread.


Track Your Shares Here CryptoFrenzy.com (http://CryptoFrenzy.com)

Auction Site:  http://goo.gl/8AcwTL (http://goo.gl/8AcwTL)

We sold two million shares in two hours...
What are you waiting on?  A sign from the gods??

Fire up your CPU miner.. to C-Notes >> trade them in for GPU auto mining...Daily dividends

interesting concept. Bought some.

so... what are the future developments for the fastbit?

Whats the ROI

FANTASTIC  ;D

This seems high for 1mh/s...
How do you come to this figure?

their shares maybe for now they can controll the price cap . later, once its opened to trade i believe share holders could sell it as they please. and if its not profitable probaby sell it lower.

I need to know what they think the return investment wil be like.


we need more info

Short term >  all hardware and mining
Midterm >  next currency > pegged to fiat (in the works)

ROI = Return on Investment or (ROIC = Return on invested capital)

This is true... if price goes from .00001 to .000005, obviously it can fall back to .00001.  But keep in mind, that no matter what, the price will still pay dividends. The more dividends we pay, the more desirable the shares.  But We have to balance that with long term profitability.

It is higher than a home rig.  Our cost is higher because we have battery back up, and they are in server chasis.  Each chasis has 7 internal fans....and we have portable AC units to blow cold air... we consider the AC units part of the hardware cost...

Thanks!  Buy some more! 
There are alot of people who will double or triple their investments.  Personally Im not a speculator, but  my advice would be buy as many at .000001 as you can and HOLD.  It will be tempting to sell at .000005 for a quick profit.... but i think this those people will regret it...

The market is real jittery right now... people want a safe spot to store their hard earned money...

Quoted from the other forum:


So, 2.85BTC (around 2000$) nets you 1.6mh/s. If it's pointed at some super-explosive coin, it can net a nice profit. If it were pointed at DOGE right now, according to coinwarz, estimated ROI would be around 4 months. Litecoin - about eight months.

Are you going to take risks with just-launching coins, or just point it at a multipool?

lets not get ahead of ourselves.

This sort of coin release looks nothing short of a ponzi scheme. What the hell guys? The crypto coin isn't about making a quick buck here and there, it's something much more than that.

Uh, what? It's a share release, like cex.io, but pointed at Scrypt coins. Why the hell would that be a Ponzi scheme?

Since I now have the stress of keeping investors happy...instead of just keeping myself happy...I'm thinking of a mix... kind of like a stock portfolio... so...maybe DOGE might be in the mix... never a switching pool...(I will be your switching pool) I generally only switch it up once a day anyway... maybe 20%-35% power at the upstarts... Im after solid returns... so throwing too much at the "Whipper Snappers" may be too risky...and certainly trying to ditch the coins on the small upstart markets where alot of the new coins are sold....is a nail biter all of its own....

Honestly I don't really know.... I may "mine by sense of smell"

I agree that its about "something more"...There will be some people who do sell their shares quick...and that is fine.... the ones who stay in long term will gain the most...
This is a service to keep you from having to go through all that BS involved in mining... some people don't want a hot rig in their house... this is for them....
If a few speculators make a quick buck... well good for them too...

it cant go lower than 0.000001, but what if no one wants to buy the shares? ill be stuck with your stock

Sounds interesting, bought a few 10k shares.

yes.. you would be "stuck" with the stock AND the dividends

Yeah, but it still can go lower that 0.000001, unless you will be keeping a buy order at that price for the whole time.

@fasbit, so it could go lower than 0.000001 if people are desperately trying to get their btcs out

6 decimal places is the lowest increment that CryptoStocks allows.  So it really cant go lower!

6 decimal places is the lowest increment that CryptoStocks allows.  So it really cant go lower!

Well, it can - to zero, if nobody's buying :D

I have added FASBIT to the CryptoFrenzy.com crypto porfolio so you can now track your live share value.

Do you think these will be sold by tomorrow? Only 4 BTC left @ 0.000001

Yes... I would expect...

Exclent DannyDisco...
Ill put up a link

Might as well. Invested my pennies, hope to see the first dividend soon :)

10 minutes later, down to 3.2BTC. I think it's going to sell out in less than two hours. We'll see what happens next

If it sells out that fast...I'm going to put it up for a vote... on release of more shares (This was round 1) or release IPO flag and let the price float...

Oh wait. It's all sold out. huehuhe

aaaand they are gone. Just after i saw the announcement -_-

damn... I had 2 confirms left :O

OK...its going to a vote....so hang tight...all of the investors will an email and a chance to speak...

Why do you think releasing more shares would do any good for your stock?

Do as you wish, but more shares = more sellers = lower price, unless there is enough demand (which may never happen). unless you deliver good financial results I wouldnt be surprised to see people trying to get out at 0.000001.

I wanted to buy 1 btc worth of share but all sold out ( slow confirmations  :'( )

Please offer more share

IPO Flag to be lifted in 15min.

Please tell your friends.

ALSO> throw a few CPU cores at C-Note and trade them in for FAS.

Cryptostocks is down due to heavy load. LOL

This is probably the most successful IPO launch I've seen to date. Good job!

I think it is from ours!! 
Thanx

Holy Shit.... Didn't think we could take them out like that...

5AM? 5PM? What timezone?

5 PM US Central

whoa.. so you already have the equipment installed?

Yes.. the investors just bought my rig set up...
I Will now be adding more rigs this week..!!

When I sell more shares it will NOT affect your dividends....

Why would you sell at 0.000004? Do you believe it's only worth that much? Sell walls are destroying the stock's value.

In any case, no one will buy your stock at 0.000004 if that's the price you think it's worth. Even if you try to sell at that price you won't sell it

Let's move up. This could go much, much higher.

I would, if I had any cash at hand :D

Still, I wonder how high the dividends will turn out to be.

but it seems like , i can just wait for the next gpu rigs and buy in all new at 1. why buy ar 2,3,4 and even higher.

i don't understand. if you have gus. and you have been mining withthem. you would know how much they mine in profit therefore you can easily divive by 10 mill shares and give out a dividian.


this is all confusing now. what is this IPO for. Buying stocks in you old mining rigs ?

Just an FYI but the share price on cryptofrenzy is wrong.

Not much activity here. The calm before the storm....

This is honestly weird.. They're not willing to sell their shares but they're not even trying to sell higher.

Why even sell at 0.000005... start with 0.000010 and we're in business

I'm getting the price directly from the cryptostocks api. The api is giving a wrong price atm. Should be fixed shortly.

The CryptoFrenzy.com price bug has been fixed.

go to fasbit.com open "chat" window and viola...Instant Troll Box!!  Lets you Troll box while you are on CryptoStock  ..Chat Window is Portable

The chatroom is silent... I'll join in

Don't forget...if you want to protect your "downside".... you can sell/buy options in FAS... ie.   you can make money if it goes down....

How?

And why is someone selling @ 0.000004?? Dumpers will dump and crash the stock. There is no incentive to buy now...
I would kindly suggest removing that sell wall and placing it above 0.000005 please.

its a little complicated for this forum.... but maybe read up on options...
but short story is this:  you buy the RIGHT to sell the stock at a certain price... ie If you own the right to sell at .000005 and it goes to .000002... you sell and make .000003 ...very very kewl

Dumping? Seriously? What's so good about this stock is that it can't go below 0.000001. But really?? So impatient. Can't even wait 1 day

yes...i agree...  it will go to .05 because of economic reasons...

wait till the existing owners start getting dividends....  and then they do the math.... they will buy more...

I don't think it'll ever hit 0.05, but anywhere between 0.000010 - 0.000050 is definitely something to expect anytime soon. Selling at 0.000003 is ridiculous.

There are 10,000,000 shares, yet only 1M of those are showing in the orderbook. The smart 9M holders are in for long term investing.

Good news about the dividends tho

I only regret not having the troll box ready for the IPO...haa

So is this working correctly right now?
Do we get some kind of GUI, from which we can point our mining shares to?
I have BTC I'd be willing to invest, I'd just like to know if it's practical to do so at the moment.

its a "no hardware required" miner...  ie.   I can spend money on programmers or I can buy hardware... I chose hardware... u just buy shares and collect dividends...  It will be worth your while.... 

as soon as dividends start...demand will increase...
first dividend will be sunday 5pm US central time

funny concept, it's like I cut some sheets of white paper, and say, "come guys, 1 BTC each".

I like your idea but you should be careful about using words like investment and stocks and options. You might get in trouble with your state regulator and federal regulator since this stuff is interstate. You should talk to an investment adviser or an attorney if you have not registered your stock. You might get fines for advertising an investment in a non registered security in a co. I could be totally wrong, but it cant hurt. If some troll feels you burned them or they are a rival coin, I imagine it could get ugly. I may have no idea what I am talking about.

I think its groovy that Fasbit is creating a all inclusive service in the crypto world. All he needs nows is a FIAT gateway for C-notes!

Interesting you should say that...because that's next!!
Fasbit is FinCEN registered.  We will have Fait <> C-Note in less than 2 weeks!

I figured, thats why I wrote that. I seen your FINCEN registration. Like I said your Fasbit INC is becoming self sustaining.

Own Currency, Own CryptoStock, Own Fiat Gateway. I think you are on the right track to providing a full circle service. Any plans for a C-note exchange that is the base currency that everything is traded against? That would be the next step after fiat gate.

this seems interesting.
Watching.

We're up to 0.000005 now. Definitely hitting 0.000010 within the next 72hrs

I just there was a way to be more involved with this, besides being able to buy dividend share based on mining profits. I would like to actually own a piece of the company. This is going to be one of those rare opportunities that came around that you wish you heard about earlier.

Q: IF 10,000,000 shares were released and say you have 50M/hs paying those share will the future 10,000,000 shares released be dependent on you bring another 50M/hs online to ensure current shares are not diluted? (M/HS is just a random number)

Yes...u are right.... I might issue voting shares of fasbit....I have thought about it...
But its a lot of work to do it... keep us on the radar....
Ill be thinking about ways to incorporate outside investors/partners

@ fasbit

2nd IPO round will take place at market price on the IPO day?

Yes... Feb 14th

Look at the order history... BUY, BUY, BUY...last hour

Hey Fasbit could you answer my question

If this is correct, you will have double the mining power on 14th than you do today? If so will you provide some type of proof?

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

no it seems like this come in batches. this is the first PIO aka first batch of miners. who ever investest here gets the share/dividient from here. lets say 20 mining rigs.

the next batch or the second round, will be for brand new rig and the share and divident will be made only by the second round rigs

IIRC

Its an announcement for a security on cryptostocks. You will earn dividends based on the mining done by Fasbit INC.

C-Note is going to be the main medium used to for all Fasbit transaction, share purchases, ect...

C-Note is a coin
Fasbit is a share

you can buy shares with c-note or btc

I doubt the shares will be separated to only earning dividends based on a set, set of rigs.

Yes... For now... dividends and photos

But I don't see where to buy with c-note.

From other users, from what I read there is no exchange yet.

On the vote, if the IPO flag is lowered what price would the new shares be sold at? Market or original IPO price?

What i dont get.... You have 10 million shares at the lowest price possible... now ur gonna pay out dividends daily.. but how will you pay less than the lowest price dividend per share? Lowest dividend per share can only be equal to 0,000001 no?

Well dumpers will dump. We're down to 0.000002.

I'm in for the long run though

Should be listed by Friday...I got a verbal from poloniex -dev last week....he's making some upgrades to accomodate the listing

Market

What are the dividend rates that you will be paying? Skeptical to invest due to lack of information.

So if I submit a buy order now it won't be applicable until the 14th of February?

Let me break down something for the shareholders (and the reason why I didn't invest).
It cost fasbit $1500 per 1 Mh/s.

10,000,000 shares at 0.000001 means he raised 10 BTC.
Let's say he already has the mining equipment ready, and that BTC was ~750 when he bought them (it's not now but w/e).

That means each 1 Mh/s cost 2 BTC = he has a total of 5 Mh/s to go to shareholders.

If you use something like leaserig.net (better return than multipool) then you can get maybe 0.018 BTC / MH/s / Day.

Times 5 = 0.09 BTC per day.
Now assume he keeps his end of the deal and pays out 90% then = 0.081 BTC / Day as dividends

Now divide that by 10,000,000 shares = 0.0000000081 BTC / Share / Day (less than 1 satoshi).

In order to get your money back per share, it will take:

123.46 days.

That's actually not as bad as I thought lol.
Plus you can always sell the share :)

Hi Fasbit -

Really cool concept.  Few questions. 

1: why the R9 290x's instead of the R9 280x's?  I thought the consensus was for both cost and power consumption the R9 280x was better in ROI.

2: why only 2 cards per rig? I was able to get up to 2.2MH/s with a unit running 3x R9 280x's.  This optimizes cost spent on motherboard, memory, and CPU.  You do need to use PCI-e risers to fit 3 cards though (so you need a crate or rack).  If you are building a larger farm though, this probably makes sense.  For cooling - you can just use a floor fan since there is no need for a case.

Compared to cex.io, it seems fairly decent. It does seem like it's a little (lot?) overpriced anywhere above the base price, though. Still, there's a possibility Fasbit will reap early some coin that'll explode later - and hopefully we'll get our share of it too.

These go into a server chassis case.   So you lose some functionality and some efficiency that way, but you gain manageability.
I chose 290x because they blow 90% of the heat out the back of the box

This is an investment opportunity for people who want to 1: mine & 2: make a profit, without buying mining rigs. << All other filters are ancillary.
Some people want small thermonuclear furnaces in their bedroom... maybe up north...that makes sense.... but for the rest of the world... its not desirable...
Just assuming that the math is correct or even close in the equation above, the investors collectively would get .081 BTC*365 = 29.565 Annual/10 BTC Total Investment = 295.65% Annual Return -- And you didn't invest based on your calculations????
That sort of return is not sustainable.

No..you can buy now...there are shares for sell...
Feb 14th is when 10,000,000 new shares will be issued.

Huh, that's definitely good news :D

In all seriousness, though, the dividends are probably going to be lower in a year, simply because there will be new, better GPUs coming out.

As long as there is a market...I will keep adding shares and adding Shaders...  not gonna stop ...
I already rented office space... bought server racks... Im ready to rock and roll...
The real market is the second round... anybody can jump in and roll the dice on the IPO...
People who buy on second round will be able to buy with some dividend data to go by...

That's very good news!

Im thinking about a a bulk order of GPU's from China after next round....
Maybe some other people will want to jump in,,,
Like buy 50 AMD 290x in one order

First dividends payouts in 1 hour? :)

If all goes well, I may put a 3 BTC order at 0.000001

@Fasbit can you comment on the the other cryptostock you made on the 3rd but never released any shares? Is that one being scrapped?

If all goes well, you'd need to shave at least one of those zeroes :D

What formula did you use for paying the dividend? Second Q, what kinda M/hs are you working with? Trying to get a warm and fuzzy here. I make about .026 BTc a day mining with 1.5 M/hs so with a dividend of .1 being payed out and lets imagine you chose 50/50 pocket to payouts that a total of .2 in 24hrs. That would be mean you only need 11 M/hs to pay the dividend of .1 when I compare it to my mining.

I think the investors need more information.

EDIT - Definately once a week payout or you'll kill yourself dealing with it lol

Yes... it will be scrapped... It was a rough draft... and the CryptoStock never would let me edit it or issue shares...
The have really poor customer service too

Im running 5 mh/s GPU and 52 CPU Cores.
My daily return is a little less than to yours (per mh/s) because I tame it back a little because mine are not Open Air rigs....
Im trying to go larger scale...so they have to be in a server chassis...
They colud go higher out in the air.... I make up a little for it my co-mining the CPU....

I get about .06-.07 BTC per day on 5 mh/s and .01 on the CPU's
The Dividend today was paid on:
.07 * 2 = .140 * 70% = .98

But the system would let me pay .98 due to minimum per share....
And also I went ahead and paid both Sat & Sun...so it was like a free day...
But it was a good IPO... so I felt like throwing the full day...

With IPO Im just going to keep adding rigs... so... Div will just go up...

And minimum .02 withdrawal, and .005 tx fee. Should've bought more of those shares, as it is now I'll lose more on the fee than will gain on the shares :P

.14 (Two days of GPU mining) + .02 (Two Days of CPU mining) = .16 * .7(.7 Being share holder dividend %) = .112

Your math is a bit off, I believe or there are some unknowns I can't calculate.

-----------------

Are your 52 CPU rigs ready to accept GPUs and are just mining CPU till they get their GPU? Lemme speculate here if thats true.



52 with 2 R9 290x each thats 104 GPU's at 800K/hs safely without running to hot thats 83.2 Mh/s. Using your current rate of return of .07 per 5M/hs thats ~1.16 BTC a day * .7 = .81536 BTC Dividends to shareholders per day. Thats .0000000081536 per share (AT MAX SHARES OF 100,000,000)

So if I own 100,000 Shares I could see a return of (.00081536/Day) or (.00570752/week) or (.02283008/month) or (.27396096/Year)

All I could say is that by the time the final shares a are pushed out I hope there will be more than than 104 GPUs in use!

.06 GPU + .01 CPU = .07 *2 = .14  < choosing 70% was a trial number. We'll have to see how it goes.   A balance between share holders and company.
There are alot of unknowns
And its 52 CORES / not rigs
Rig Count
#1 - 8 cores- 0.8mh/s
#3 - 8 cores- 0.55 mh/s
#4 - 8 cores- 0.55 mh/s
#9 - 6 Cores
#10 - 6 cores- 0.55 mh/s
#11 8 cores - 1.6mh/s
#12 8 cores - 1.0mh/s

6 Dead 7970's  - fried - still under warranty... wanna buy 'em???

Gotcha 52 Cores! Ok well enough speculating for me, I'm just going to standby and watch everything pan out for now!

BONUS... 500 DOGE (paid in Dimes)

1. Send me email with your DIME address (trades on coined up) / trade for DOGE > info@fasbit.com
2. Send Email to Coinedup - Ask them to list c-note - bcc me  contact@coinedup.com
3. Send Email to Poloniex - Ask them to list c-note - bcc me  poloniex@gmail.com
4. Post back here that you got your DIMES...be patient... I have to mine them...

I have 1,000,000 DIMES ready

What about the whole "we'll be listed there by the end of the week" thing?

Have purchased 9601 shares of Fasbit, how do I get paid my dividends?

Yea... legit question...
Well I got a verbal from the Poloni dev, then when did some research on c-note, he found another bitcoin forum post at  https://bitcointalk.org/index.php?topic=411338.0 (https://bitcointalk.org/index.php?topic=411338.0)
and started backtracking on me...  haa I dont blame him...

But I sent him the proper thread and he's back on board... I just want him to see how many people are interested... sort of seal the deal...

Look in your CryptoStock Wallet

bump

i wanted to buy some but cannot find any grrrrr


CZx9CP3N7zGy5tUiQtZFktZ8zKkEZ55rxJ

https://cryptostocks.com/securities/87 (https://cryptostocks.com/securities/87)

Go get 'em !!
It pays to own it!

I'm going to place another 2BTC order at 0.000002 BTC soon.. (already 1+)

bought 11k

OK... just look at this chart

https://cryptostocks.com/securities/index?sort=vol7&tab=market1&direction=desc (https://cryptostocks.com/securities/index?sort=vol7&tab=market1&direction=desc)

Look at the shape of FAS graph....
We are 5th in 7 day volume of BTC shares....but its only been out 3 days!

So your releasing more shares without FIRST bring proportional M/hs online?

Lowest possible dividend to pay out on cryptostocks is 0,00000001 btc per share, 1/100 of the 1st batches IPO price.

So for example if the 90% of the profit(that was mentined before the IPO that he would start out at) is payed out then a return of 1.11% of invested btc or more per day then daily dividend is possible. At lower returns dividend have to be less than daily.

If second and later batches gets sold out at higher prices than 0.000001 btc, dividend will be possible to pay daily as the avg hashrate per share will increase then(1st batches was at 1kh/s hashrate per 2000 shares). If batch 2 sells at 0,000003 btc per share for example then the avg hashrate per share after the second batch of 10 000 000 shares is sold will get up to the double, 1kh/s per 1000 shares.

Round 1 Auction almost closed.
https://bitcointalk.org/index.php?topic=463721.msg5122599#msg5122599
Bid Now

Round 1 Auction Closed.  Winners Announced.

A question,

If i were the original IPO holder,when you issue some more shares for the next investors,will it mean that both dividends between me and the new investor be separated counting?Since in my mind that issue more shares mean that adding more rigs ,but that parts of shares just represent of the new rigs benifits,my IPO just represent the original rigs benifit,two of them will not influence each other.
Could you kindly point out that if my understanding wrong or right? ???

The total dividend / share should go up over time, at least for the first year...before equipment starts wearing out.
Also, If you bought in at "1" then your current dividend has been earning from 5mh/s.  Then the total goes to 9mh/s next week when new equipment is installed.  More equipment = more revenue = bigger dividend.
If some one new buys in at "4" then they pay 4 times higher rate than you to get same dividend.

Dividend Goes up today
Get more shares if can afford it...

old rate 1 satohi/share
new rate 2 satoshi/share (+/-)

I like the idea of an exchange where c-note is a base currency to trade against others and would be willing to participate if such said project is in the works.  i have lots of time on my hands atm :)

What kinda skills u have?

well i havent even used linux in near 10 years and  didnt dabble too much in programming so i wouldnt be of much use there  but i would like to throw a little btc and time at a project that has some sustainibility.  I can see the synergy between c-note and FASBIT have lots of good ideas that could help build it up longer term and could dedicate time to promotion and such.  I could help mod the FASBIT thread if you wish and help generate more ideas through there as a start.   

That's mean that earlier join the game much more will receive  :-*

Check out auction and GRID project

To explain it simple each share in FAS will recieve the same amount of dividend no matter what price you paid for it.


The difference in dividend per share if you buy now or at the start of the project will not be much(just 5 satoushi) seen over time, in a years time for example  that may just be 1-2% difference but you may have a hard time finding shares to buy for the same price(0,000001 btc) as during the introduction, so your right in that the ROI % the early investors will get is better.

But if you look at fasbit's other listing on cryptostocks GRID https://cryptostocks.com/securities/94 , that one is still trading at 0.000002 and when that one starts paying dividend in maby 7-10 days time when they get there ASIC litecoin miners the kh/s per share will be approximately 2.5 times higher than FAS kh/s and the watts used per generated kh is only 1/15 so that stock will probably produce around 2,5*1,5 = 3.75 times as much dividend per share so if FAS is trading at 0,000003 btc then a reasonable price on GRID would be around 0.000011 and GRID is still trading at 0.000002 so i think you can still make a very good deal there buying those shares.

If you like FAS shares...check out new and improved auction rules...
Use c-note to buy FAS...

https://bitcointalk.org/index.php?topic=463721.msg5122599#msg5122599

30min left in next auction!

How do you figure out when the next round is?

Its every 24 hours
Sometime I dont get the clock reset right away... but a new round starts immediately after the old one ends

It's announced over on this thread https://bitcointalk.org/index.php?topic=463721.0 OP has a link to the rounds countdown clock.

Next Round has started.   Winner gets a bonus of 500,000 dimes.

Though the whole market of altcoins was not good during this period,i still feel upset when withness the pricing of C-Note keep dumping :-[ :-[

Everyone, dont forget to vote for CNOTE on mintpal.  You can vote up to 3 times per hour so keep  going back to vote.   
https://www.mintpal.com/voting

20 min left on auction.... buy $30 worth of C-note, Get $100 worth of FAS

Dont forget to vote for CNOTE on mintpal.  You get 3 votes per hour.  6 if you are a registered user.  You can vote from your smartphone as well so keep voting. 
https://www.mintpal.com/voting

Has anyone here had problems with cryptostocks?  I had all my shares sold off at market price and my BTC was taken out of my cryptostocks account.  Ive sent 2 emails now to cryptostocks within a week and still no reply.  They didnt have access to my e-mail however they did it.  The emails were still sitting in my inbox unopened the next day when i woke up my password reset and my account drained.  Im guessing they are intercepting the password reset email somehow, but its nothing more than a guess.  Can anyone shed any light on this subject cause cryptostocks hasnt replied to me at all.

right, right.
You have even started a thread on that, and people asked for reasoning and proof. You failed on reasoning and proof, but you held your accusations i see.

You and the other altswap twat have been trying to show that there is something wrong with CS for more than a week.
Why do you keep accusing others if you have no proof??

Usually it is the user who fucks up, and you have not shown you DID NOT.
You are the only person claiming a breach in CS, you and the altswap/firemine/digimine/mineco scam.
Anything to back those accusations?

Are you ready to post your emails & support tickets to CS?

Lol you go around calling people scammers and liars because they were scammed and than expect them to cater to a self entitled ignorant douche like you???  Hahaha what a fucking ego!!!  So what is your part in this?  cryptostocks owner trying to cover your ass by trashing people or just some douche who hopes the exploit stays open long enough to steal from more people.  You clearly have an agenda!  The more you defend it seems the more you are involved with cryptostocks, regardless I could care less anymore.    Im already out my shares, cryptostocks doesnt care, nobody else seems to care that cryptostocks is unsafe and personally i could really give a fuck at this point if somebody as ignorant as you loses out.  Besides if I posted any e-mails in my inbox related to it  you would say its photoshopped like you did to the other person/people who got scammed because of the lax security at cryptostocks or come up with some other bullshit to defend cryptostocks.   No fucking wonder people dont want to get involved in this so called cryptocurrency "community".  Too many scammers and liars and general fucktards like you running around holding it back from ever being taken seriously.   

To anybody else, I hope you dont lose anything.  When i first read about ALTSWAP shareholders getting burned i wasnt sure if they were talking shit and trying to cover thier asses until a couple days or so later my account got taken over and all of my shares sold off and BTC taken out of my cryptostocks account.  In hindsight the least i should have done was liquidated out of cryptostocks when i first read it but i didnt now im out too.  I really dont have enough bitcoin to worry about now, that was most of my holdings mainly from cpu mining a couple coins and flipping it to BTC.  Im just glad i never dumped any real money into this shit just what i had mined over some months.  Like i said i hope you guys dont get burned too, but this along with poloniex and just the general headache you get from trying to sort out what is legit and what is a scam on these boards has got me spent.  I dunno if im 100% done with cryptos but this  shit has me thinking about it and wasting my time on this site doesnt seem very productive.  It seems like a complete waste of my time at this point.   As an end user looking from the outside i just cant see this cryptocraze being sustainable in the long run.  For every good programmer theres 100 hackers, for every good company theres a dozen fake ones and for every decent coin with a hard working team theres 300 fly by night coins with millions of pumpers whos devs drop off the map after they've spent thier premine, and to top it off you are expected to be a security expert just to do simple transactions.When you make sure you are secure and the site you trust gets hacked, you get a bail-in a la poloniex or get called a scammer yourself for trying to inform others of sites like cryptostocks and Gox who are more concerned about keeping up thier public image than security.    Good luck everybody except SZZT who clearly has an agenda.  Im out!!!

you are called for what you are, because you clearly try to create fuss and panic. You are the single person to claim issues.
You and the altswap/firemine/mineco/digimine dude. Only the two of you claimed such a thing.
The altswap dude was doing it from multiple fake listings.

No other user, no other listing. just the two of you.
And both of you denied any fault on your part and accused someone else.
We have seen the altswap guy denying he sad done anything fishy at CS, but later on he has acknowledged the fact that HE WAS doing scammy things.
There are quite a few posts of his to show.

You on the other hand have been very verbal on your accusations, yet no backups to your claims  ;D

Altswap/firemine/mineco/digimine claimed that CS was hacked,
then he told us his "CEO" had his pc hit by malware,
after that failed he went on to say that he does not control the CS account, yet he does sometimes,
then he asked for our emails,
and then he asked us to download a "video".

And then you came up, the only person in this forum that had his CS portfolio "dissappear".

There are at least 12 different persons on every thread you posted your FUD that asked you for proof.

You seem very irritated for not being taken seriously. You have been asked to verify your serious allegations on several threads/
You have been negative ON ALL THE OCCASIONS YOU WERE ASKED TO SHOW PROOF.
 
What do you reply to whoever asks for proof? "i'm not technical enough to do so, someone else should prove that CS was hacked"
You silly twat, if you are "not technical enough" to verify that there was a hack in the first place, why do you insist on it?

Please explain to me how coinerjoe is a scammer?  He is not fasbit nor does he control anything on CryptoStocks site.  I do however control those things.  Coinerjoe is a good guy who was helping raise awareness about FAS and C-Note.  I also sent a support ticket to Cryptostocks concerning his issue and got no response.   Coinerjoe has no benefit at all in raising an alarm about a possible security flaw.

Have deleted previous post.  Truth is I don't know coinerjoe and posted quickly upon associating him to aforementioned bogus stocks.  Apologies to coinerjoe for jumping to the wrong conclusion.  Displaced agression on my part I think.

What happened in the FAS stock on cryptostocks, the public shares suddenly increased by exactly 3 000 000 shares and i can't see that there has been any 3 000 000+ shares sold at 0.000003 recently ?

I sold 7,000,000 shares in a private offering for .000001 (original IPO price),  The buyers paid 1 BTC for each 1,000,000.  I in turn purchased more hardware.  The buyers as part of their agreement have agreed to withhold selling shares for 120 days to allow the price to rise and stabilize.
/fasbit

fasbit, is this also yours, or are they using the same name?
https://cryptostocks.com/securities/84

what is this?

Seems so, because in FAS announcement there is a reference to FASBIT...

The Sirix platform looks slick and I have hunch that gamblers will just love the "trading on margin" feature.
So I'm gonna keep an eye on this project.

Just to be clear, fasbit info page wants to sounds like they have "contracted" the exchange platform developers to include crypto,
but fact is they already enabled BTC for their customers according to press releases Dec 2013 (google "sirix bitcoin").
So this is certainly not exclusive to fasbit.

What's the time scale for launch?
I assume Leverate is doing the hosting and support? What are the monthly costs?
Considering that you are going to act as a forex as well, are there any regulations that apply to fasbit and have consulted someone about this?
What experience does fasbit or any fasbit employee have in the finance sector?
Do you already have a formal relationship with a bank or several banks that are willing to work with you as a forex/cryptex?
What is your marketing plan?

I'm willing to investigate, because the promise of margin trading is a huge thing (because even I am tempted to try this as soon as I can).
But I just need a bit more reassurance that fasbit can pull this off.

Running an exchange is an immensely more complex endeavor than running a mining farm.  ;) 

Yes... its me... its us.... one and same

Right you are on most everything in your post...
1. "contracted" = setting up exchange with exotic pairs.. Example:  Russian Rubles <> LTC  anything that is not on the normal FOREX is considered an exotic and requires special set up and cost.  Just like when a new crypto-coin is launched.  the existing exchanges have to set it up.
2. Time scale.  I can pull the trigger on -dev team and launch within 3 weeks of final payment.  I put $1000 downpayment out of pocket to lock in a price.  The software portion of the IPO is $20,000 USD.
3. FOREX.  Yes. That is why the company selling the shares and conducting the business is located in Cayman Islands and not US.  The US rules are crazy.
4. Fasbit experience in FOREX > I personally have 8 years forex trading experience, 3 of those full time.  The Sirix team will fill in the gaps.  I get lots of training on the implementation side. 
5. Banking.  Yes.
6. Marketing.  In the works and will take some time.
6. Complexity.  The good thing here is Leverate really does all of the heavy lifting.  100% hosted servers in UK and server mgmt.  The fasbit side is mostly marketing, AML and CYK compliance, and cash mgmt.  Leverate doesn't handle any money.

If you want this to happen...join in and help me get it off the ground.  This is community owned.  100% transparent project.  I have to raise 50 BTC to get the software guys rolling.
./fasbit

Are you guys mining still? I wonder why the dividend payments are getting slower and slower.

yes...still mining...
dividends payments are a reflection of the market...
Lately there was a massive amount of cheap hash dumped on the market.....
I can only buy more hash power as the hardware account fills up....
I will be adding 10 gridseed miner in about a week...
./fasbit

I hope the new miners will increase the dividend income.
I have noticed the altcoin markets are bearish because bitcoin is bearish too. However, it is expected that Bitcoin will make new ATHs later this year (minimum 3000 USD and maximum 7000 USD).

also keep in mind that Bitcoin block rewards will drop in September. It will be interesteing to see how that effects the market.  I suspect there will be new SHA based mining opportunities....

What year do you think this is?

Reward-Drop (http://bitcoinclock.com/) ETA: 2016-08-19 21:48:52 UTC (118 weeks, 3 days, 40 minutes)

Ahhh... great!  I thought it was coming in Sept of 2014.  Looks like the clock says Aug 2016.

It is crucial now for the FAS share to mine the most profitable coins and dump them instantly and pay dividends.
I hope you have your miners now running with full speed.

Seems the FAS share market is dying because not paid dividends enough.
It is better for some time just mine and pay dividends before new share issues because seems the share issues makes the dividends coming less regularly. There is always the separate fund for new miners - this is excellent tool for using buying new hardware for some time. Now just the market of this share should stabilize/rise back to 3 or even 4.

Hey FAS, I hope there is enough for a gridseed blade ? Also maybe test a few MH a day at IPO miner ?  :)

When does those new miners start mining hefty dividends?

When next dividend payout?

Thank you!

Looks good!
Now it is important to let the price grow.
Perhaps the mining hardware fund can be used to purchase more hardware?
Then it allows the dividend payments on more timely manner. 
Bitcoin is gaining some value.

One good coin to mine might be Monero, if you are using CPU.
The hardware fund should be used for buying new hardware always as soon as it is possible. The FAS needs markets and it gets it when there is constant and increasing dividend flow.
When the markets for FAS share are back, then might be good idea to little more new shares but first it should rise like 3 or even 4.  ;D

Keep paying dividends on timely manner.

It is the end of May...

Based on the Dividend account, it appears a 1s dividend is "in the hopper", likely delayed because of Cryptostock's wallet issues (ATM, many delayed dividends)
And, Next divided is only a day or so away, likely on Monday.... (Wallet issues pending)
1.8 BTC in the HW Fund

Impatient & uninformed shareholders crushing the bid, probably to sell their BTC near $600.... 

And informative update would be appreciated.
thanks

tt

+1

Seems that the investors are looking for hefty dividends on timely manner and this share doesn't offer them anymore so the investors got disappointed and are desperately trying to get rid of the shares.
On timely manner paid regular hefty dividends are the only thing that makes the money flowing back to the share.

So can we label fasbit and all related subsidiaries a scam considering the dev is MIA?

There is no emergency or even a problem to respond to.
Whats that label you?

To me this looks pure scam.
I do not recommend anyone investing any FAS shares unless you are not willing to get screwed.

Really? Dev is gone, website is gone, dividends haven't been paid in weeks and you think this isn't a scam?

The dev scammed everyone. Plain and simple.

Agreed.

fasbit you havent payed dividend in FAS and your other project GRID for a few weeks now, when will you get back on track with that and why havent there been any dividend the last weeks.

fasbit back in action it seems
..

Ticker    FAS - Fasbit - Instant Mining
Date    14 Jun 16:20
FAS - Big Dividend on the Way
Sorry folks... I have been out of touch... on the road.... far from technology...
Dividends on the Way tonite.

./fabit

PS.  More hardware will be ordered this week.
PPS  Buy those cheap shares!!


https://cryptostocks.com/announcements/2601

Divs overdue again?

Divs were paid today!!!

Where's the dev?

No website, no communication, no trust . . .

Yet only a single 2 satoshi/share dividend payout since this announcement and last dividend payout.  Not looking too good imho.

OK, I think it's time to bring in some detectives to find out where the dev is and see if there is a possibility of getting our funds back.

Bastard scammers.

hasn't the dev himself, already published his address in Tulsa, and his personal info?

He has, but something tells me it isn't legit.

Nice to have at least been provided some kind of information as to why he's been out of touch.  Would've been nice if he mentioned what kind of Antminers he purchased out of pocket.  Perhaps a pic or two.  An update as to whether or not he got that other 30% of the gridseed's back online at his home as well.

Hmmm.  No dividends for awhile.  No word from dev.  Not looking good again.  Guess those AntMiner's must not be producing all that much.

This is the public mining address where funds are deposited, http://blockr.io/address/info/1KYTh9xQnep6qqBYQpkeh6GRPtmKjfUuqw (http://blockr.io/address/info/1KYTh9xQnep6qqBYQpkeh6GRPtmKjfUuqw)
Clicking transactions on that page shows the rate of .1 deposits from mining has in fact picked up since the AntMiners were added so dividends in the future should be coming more often.

Excellent.  Thanks for the link to the address.  Now I can keep a closer eye on it and do some rough napkin maths to figure out whether or not additional shares are worth buying :)

*I don't suppose you would have an address for his other CS listing (GRID) for accumulated funds would ya?

For GRID mining, it is here https://btc.blockr.io/address/info/17Jr4RMMstbuZNte6AyiR4aChCJxU9hatr (https://btc.blockr.io/address/info/17Jr4RMMstbuZNte6AyiR4aChCJxU9hatr)

I got both the GRID and the FAS mining revenue links from the Info tab on the GRID and FAS Cryptostocks listings page, respectively.

Wish the dev would stop by and say something . . . .

Yeah...unfortunately fasbit has a proven track record of not communicating with shareholders for long stretches of time.  In the past he was at least half-fast decent at getting back to e-mails sent to him regarding his asset's but he hasn't responded to either of the last two e-mails I've sent over the past 2 weeks.  Getting that really bad feeling about all three of these puppies again sadly :/

http://gridasics.proboards.com/thread/37/fas-grid-shares-fas1000-grid1000

Im alive...
C-Note is alive and well... lots of action on PoloniEx
FAS Up and kicking... New mining Hardware in Place....and Running
I put up a vote on CryptoStocks
./fasbit

You put up a vote on the fas page asking shareholders if they want divs, or if they would rather buy more hardware,
and then you go ahead and state on the GRID page that 100% goes in hardware/
Seems that you already chose what to do with the "coins you found lying around"

Why do you pretend to give out an option for people to vote, when you have already made up your mind?

FAS and GRID are not the same project.  There is no pretend here.  There is a real vote on FAS.  There is NOT a vote on GRID.  That will come in 90 days.  People need to see that it is growing and gaining value.
./fasbit

You said you welcome criticism and this is going to be critical but I intend for this to be constructive.  Do you not understand why anyone with an investment in FAS would want to get any payout they can?  The dividends are usually 1 sat per share so even if someone would buy FAS @ 50 sat (most of us paid much much more), they are waiting nearly 50 dividend payments to make ROI.  At your current rate of about 1 payment per month, that's over 4 years ROI.  So while I understand the long term positive of investing 100% into hardware, we just have not seen anything to justify it.  The dividend payment amount has remained the same while becoming less and less frequent.

On top of that your infrequent communication has made us investors think FAS is just another scam investment on cryptostocks.com on multiple occasions.  I'm glad to still see you are around but I think better communication on your part will go a long way to restore faith and share sales.

No problem on criticism.  I think the crypto-world has had so many scams that now people are really gun shy and accuse anyone and everyone of a scam.  I had to have a plan to make it all work out and come out of the changes in the market and changes in my own circumstances and still take care of the investors. 
Here are a few facts you should at least acknowledge:
1) When I sold GRID shares, I raised 65 BTC on the IPO.  I think if there would have been a good time to disappear with a pile of money it would have been then. But instead I shipped out 100's of miners to the buyers.  What ever was left over became the GRID mining base.  To date, GRID has paid out over 9 BTC in dividends.
2) FAS has paid out over 16 BTC in dividends.  The original IPO was only 10 BTC.  Anyone who bought on the IPO has made 1.6x return. 
3) GRID - We bought a new technology at the peak price.  Immediately after the IPO the price of BTC started falling and millions of ASIC chips hit the market.  The cost of 1mhs of scrypt mining was about $200 on the day we bought the GRIDS, today 1mhs costs about $5.00.  These are realities of the market.
Your only real criticism is that I didn't communicate enough.  And I apologized to everyone and I'm moving forward, to make it work, to adapt and move forward.
./fasbit

And whats happening with FASBIT? Are you offering refunds on that project??

i cant seem to be able to vote :p

I'm not too versed on the whole GRID project so I'm simply talking about FAS here.  It's good that GRID has already paid out a good amount of dividends.  I would need to see ROI so far based on IPO price to see if it was worth it, however.  As for #2, I was not one of those fortunate enough to get in early and get a return.  I joined later and have not earned much back at all which makes me hesitant to ride it out and invest in more hardware versus take the dividend payment.  The entire time I've had FAS shares, I've only seen the dividends tapering off.

I know firsthand what the ASICs did to scrypt.  They've rendered my 7950 rig virtually obsolete as far as earning fiat goes but I'm in it for crypto, not making fiat so the rig still runs 24/7, just on x11.

That all being said, I would definitely consider a trade-up program from FAS to GRID (or the next project) if you were to offer it.  Your communication has sucked but it currently seems like you're trying to do better and that is worth the benefit of the doubt.  I truly believe you do what you do for the same reasons as I do.  The whole community is in the lull right now with everything that's going on and the financial institutions attacking crypto in all areas.  We all need to stay tighter together and work on fixing things from within.  The fact that crypto is under attack should tell you that big money is worried and we are all on to something.

How about refunding everyone's bitcoins that invested in your fastbit exchange? No communication on that project nor updates. Makes your other project look like scams and you a scammer!

Everyone BEWARE before investing anymore money into any project associated with fasbit.

Guess I was right. Fasbit hasn't even been back to update on the progress of the projects scam nor to defend himself. No dividends, nothing.

Still nothing. No updates, no communication, no dividends, nothing. SCAM

I am receiving dividends from the fasbit exchange security at the moment fine.

Where do the divs come from, the exchange does not exist, people are not trading there, how can there be any profit, out of which he can pay dividents?
And his two mining projects(FAS & GRID) are practically dead, as he has acknowledged himself on the latest announcements over at CS.


Those 2 satoshis on the fasbit exchange project every other day are not divs.

They are bait for the people that are not very good with checking his previous works. Don't fall for it.

I have FAS https://cryptostocks.com/securities/87 and GRID https://cryptostocks.com/securities/94 shares, and I would like to sell them - because I am in urgent need of money. I would accept a much lower price, but due to the stupid design of cryptostocks.com I cannot even sell far under price. Why?


The trading of these two securities at cryptostocks.com has long come to a complete halt,
because their prices are locked at the lowest possible price 0.000001, by huge sell orders;
and there are no buy orders, because the cryptostocks.com system idiosyncratically does not allow for lower prices.


Hard to imagine they suddenly start moving again, just by themselves.
Long ago I suggested something - but my posting got deleted by the thread owner.


If all of our securities get divided by a factor of 10 or 100 (or 1000?),
then we could get out of this eternal deadlock situation,
because suddenly it makes sense to trade these objects again, by (very low price) buy orders.


In contrast: Right now stocks of fasbit are worthless numbers.



Practical example for my suggestion:
If I own 700 GRID now, I should get 7 NEWGRID.
If I own 2400 FAS now, I should get 24 NEWFAS.

That will happen to everyone, so no additional value is created;
but hopefully the price will start moving away from the 0.000001 edge of death.


If anyone has a better idea, please suggest something else.

I've been holding grid and fas on crypto stocks  for over a year because there is no other option I've invested a ton and got squat. How's those rigs running. Nice I bet  . Enjoy

I like this idea, not being able to sell cheaper than 0.000001 is stupid. I could sell for 50% of that and still be happy. Would probably find buyers too.

Winner winner, chicken dinner!!! You are so very correct. the dev should just own up, sell whatever equipment he has from GRID and FAS and distribute the dividends. With the FASBIT exchange, since he'd basically holding the money, he should just refund all the shareholders since nothing has come from it.