no each of his cog2 sahres, which he bought 12 of were converted into 20 cog shares.
So he only got 240 shares? Shouldn't he have something like 25% of shares because he paid for 25% of the hardware? |
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I did not follow the whole story, but there's something that does not compute from my point of view. I bought 12 COG.F2 for 5 BTC each in August. My 60 BTC investment was used to buy CT hardware. Then each COG.F2 was converted to 20 COG in March. Selling the hardware now would make the final dividend around 0.025 by robitnik's estimation below. So if we liquidate, my 60 BTC become 6 BTC? What I don't understand is, how did the hardware loose 90% of its value without yielding significant hashing dividends for COG.F2 investors? Liquidating Cog means selling the hardware with the proceeds being distributed to shareholders.
TerraMiners are going for roughly $8,000 at the moment. 30 TH/s is ~25 units at 1.2 TH/s (19 at 1.6 TH/s). This gives us between $152,000 and $200,000 assuming all units are sold. At current prices, that is between 287 and 377 BTC or between 0.020 and 0.026 BTC per share.
Running 30 TH/s assuming a difficulty increase of 15% every 2 weeks will yield 108 BTC in 6 weeks, 203 BTC in 16 weeks and so on. And we'd still have the hardware although it's value will be greatly depreciated.
Note that the above doesn't include Ebay fees for selling or electricity costs for running the hardware.
Wait you only got 20 shares for 60btc? |
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That one works fine thanks for clarifying ponders now which image were you referring to lol Well they are all AM but if you want to count the chips and amount of boards on a miner there are a few pics of the machines outside of their baths |
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Pics or BS. Also is it 0.7 w/gh at the wall or at chip level? |
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The point is that whatever capital that is put in will have a 6000% gain over 5 years.
Bullshit. Anyone can make ridiculous claims like that and the fact that your claims are so far off from reality means nobody is going to invest. |
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Sorry for the delay, this will get updated early next week. In other news, Inaba has left me negative feedback by for "conning newbies into buying from scam companies", aka by recommending NOT to buy from BFL. 1) Not sure where that hyperlink is supposed to go to... 2) Why is BFL in it's own catagory below everyone else, and not "D"? Seems to me "E" and below would be reserved for shams and frauds, of which I personally don't think BFL is. They may have their issues, but they HAVE delivered a not-insignificant amount of hardware. D = Mid tier firm with problems, or new firm yet to prove products + ethical problems
Seems to me this would be the most apt description. Having failed to meet specs/delivery dates on just about every product they advertised I think a D would be far too high of a rating. BFL has proven it is not trustworthy. Aside from hashfast being a B, I think this comparison is pretty accurate. |
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A bit of speculation: Looking at this pic of AM hardware  I calculated they are currently using 2944 chips per device. If they swap out those 0.33 gh/s chips with 12 gh/s chips it would equate to 35 th/s overall making it by far the most powerful miner. For some reason your image wouldn't load so I guess it is forbidden 403. That’s an error. Your client does not have permission to get URL /eVF1AmU0Jc9P_1jUYDYX5CgRXjf_2FWXNmKUOBx87vsX9Fl0wSSl_pNe4M7Z-BwuXA=w1563-h811 from this server. (Client IP address: 209.89.18.91) Forbidden That’s all we know. Strange. Try this link: https://drive.google.com/folderview?id=0ByWHHc0u_thNSWhHS18xM2ZXSUU |
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In the next round of shareholder questions, I would like to ask how the crackdown on Chinese exchanges will affect the operation. I imagine the lack of Chinese exchanges would be an impediment to moving in/out of BTC/fiat that might complicate the operation.
And also, does the crackdown mean increased business risk for AM/Bitfountain? What is the risk, for instance, that an overzealous bank closes or freezes AM bank accounts?
The last 5 times china "banned" bitcoin seem to have had no effect on AM why will it this time? |
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Since they will be shipping 400% for MPP will it take 400% as long to deliver?
Heres some fun/disturbing calculations:
Hashfast took 3 months to ship 550 units or 6 units per day.
Hashfast has 3 batches yet to ship and at the current rate it will take 9 months to ship those out.
Hashfast plans to ship out 9000 devices for MPP and at the current rate it will take 4 years to ship out after they finish shipping all batches.
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After doing some calculations I don't think the stated 65k per month in savings is accurate. At $0.15/kw 50kw = $5,400/month (air) 5kw = $540/month (immersion) Not sure how much you would save monthly by renting a datacenter 1/10th the size. If the savings would be more than $5000/month then the immersion cooled datacenter would pay itself off in 10 months. How much would the air cooled data center cost? To add to my calculations, I found that $10/square foot/year is about the average for renting a warehouse in my area at least. So that equates to: Immersion cooled: $26,000 electricity for cooling + $16,000 rent = $42,000/year Air cooled: $260,000 electricity for cooling+ $160,000 rent = $420,000/year |
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From tapeout to mass production can be done within seven weeks if everything goes OK
TO - beginning of March. Tapeout to samples: 40nm, 28nm - 8 weeks 20nm - 4-5 months Prove me wrong. Source? |
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The two buildings in Washington are about 16,000 square feet
How much does a 16,000 square feet datacenter cost vs a 1,600 square feet one. |
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How much would the air cooled data center cost?
I have no idea the rates of renting a datacenter but it cannot be cheap to rent 10 times the amount of space. |
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After doing some calculations I don't think the stated 65k per month in savings is accurate. At $0.15/kw 50kw = $5,400/month (air) 5kw = $540/month (immersion) Not sure how much you would save monthly by renting a datacenter 1/10th the size. If the savings would be more than $5000/month then the immersion cooled datacenter would pay itself off in 10 months. |
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They're both important.
Time to market because of the crazy high diff change (more profit per GH/s when you deploy sooner rather than later).
Immersion cooling because of the electricity and space savings (which can also be mitigated by moving to places where electricity is cheap and space is not an issue but AM's datacenter space is limited and its electricity costs are not the lowest).
My Chinese friend rent some hydropower station for mining , better than expensive immersion cooling Why not both? |
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...
"Just given to LMB" as opposed to what?
The shares were already owned by LMB so just because they didn't sell the shares does not mean they need to buy them back.
You need to understand how this works. LMB now has a bigger slice of the caek without adding anything to the caek (which is arguably delicious). They had a cake. Said we are selling 60% of OUR cake. Only 40% of the cake was sold. NEO goes home with 60% of leftover cake Its really not so complicated. What do you think should be done with the rest of the cake that didn't sell? |
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From the recently updated prospectus: Public investors currently hold 5,042,638 LMB Holdings shares (31.5164875% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 10,957,362 shares 68.4835125% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK). The original structure was: Public investors will hold 9,600,000 LMB Holdings shares (60% of the profits), whilst LMB Subsidiaries Limited (UK) shall hold 6,400,000 shares (40% of the profits), for a total of 16,000,000 LMB Holdings virtual shares, which represent 100% of the global profits of the LMB Subsidiaries Limited (UK). So it looks like the shares that were not sold were just given to LMB (aka danny and his friends)? Did LMB Subsidiaries put money in to buy these shares? "Just given to LMB" as opposed to what? The shares were already owned by LMB so just because they didn't sell the shares does not mean they need to buy them back. If anything this actually only means more profit for investors because of this statement "The initial 5,042,638 shares of LMB Holdings have the privilege of getting all profits until a total of 0.0035 Bitcoin per share has been paid" |
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immersion cooling data centre was Asicminer, but this company "allied-control" is not owned by Friedcat,
also the total hash power of that data centre is just ~1P
and other companies are mining btc by using 28nm chips , Friedcat is still testing their chips.
Nobody claimed allied control was owned by FC only the datacenter. AM 40nm chips will be cheaper and more efficient than those 28nm chips. I would go with 1PH in the size of a shipping container using only 500KW over a massive datacenter using 1500KW any day. What I am trying to say is that TIME is more important than electricity cost
Also the immersion cooling data centre cost too much
Not true. Immersion cooled datacenter cost $100,000 and saves $65,000 per month. Time is only important if you are using hardware that is going to be replaced. At 0.2w/gh AM hardware will be doing the replacing. |
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Nowhere does it say in that post that they just taped out. In fact it says packaged chips will be ready by tomorrow. And how exactly is 10 times space density + saving $65,000/month in electricity useless? It was my understanding that those immersion cooling tanks WAS Asicminer.
Video from allied control clearly says customer: asicminer |
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immersion cooling is useless.. Clearly not according to that video. |
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