Thank you. What price can offer you personally?
I give you 0.05, I think you could sell a few hundred of these |
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Pfff, another one with 100 posts in PETA thread...
Please keep your advices for yourself (to invest or not to invest). I don't tell anyone what to do, I just raised some questions. If you have some answers (or insider informations) please tell, otherwise stay with the sheeps (the ones that invested in neo bee and hundreds of other securities just with "thrust") without asking questions about the contract.
This is valid for all alts/trols/suck puppets!!!
Remember us 'sheep' who told you to trust these guys in few weeks time when it's a huge success. In fact, remember me specificity. Sure, I remember you. Are you ritch yet?  )) I'm 15% better off yes, and ill be 25-30% better off next week. But yeah, I do regret saying that. |
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Ignore. Nvm. Keeping shares.
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Fantastic news CryptX!
Someone please correct my math here if I am wrong....
Today's dividend was 0.0015042/unit @ approx 500 TH
0.0015042 * 3 (1500 TH) = 0.0045126/unit in dividends... (approx)
If you hold 100 Shares that is a weekly dividend of = 0.45126/week ?
Thats approx 1.80504 BTC a month ?
Questions I have around the IPO
-------------------------------
1) Will dividends stop between 19 - 31 May and continue 1st Week of June ?
2) Will hardware be deployed immediately after IPO ?
3) Estimated time to 1500 TH/s mining ? i.e. 1st Week June, 1st Week July ?
Overall thanks a million and keep up the good work.
All of that information is in the prospectus. And you have to account for the increase in shares between 0 and 33000 when calculating dividends. 1) No...Why would they? 2) Deployment starts on the 26th. 3) Everything deployed by the end of the month. 1)CryptX will retain the weekly dividend it pays to unit holders until the end of the IPO |
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First of all we like to thank all of you for your confidence in CryptX and in the SCRYPT-X project. We strive to make this the most successful scrypt mining operation out there.
The IPO was a great success with the sale of 29,438 units. The units are already trading at a markup of 10% over the initial IPO price.
What happened so far?
We managed to over deliver on our promise and deployed 2 GH/s only 48 hours after the start of the IPO. This means we will be able to pay our first dividend today.
What will happen in the near future?
29,438 Units are sold, which means we are going to deploy 2,944 Mh/s or 2.944 Gh/s of scrypt hash power. We are expecting the next 0.944 Gh/s of hash power to arrive here on Tuesday.
What is our long term strategy?
Our long term strategy is to create value for our unit holders. Unit value can be created by investing in the future of the mine so we can expand it and become a major player in the scrypt mining space. We are building a reinvestment fund out of the revenue to be able to make large big deals in the future (and by doing so, get preferential access to new hardware and better pricing).
Calculation of dividend:
1,905 LTC or 44.40678736 BTC in total from mining
- 16.86671494 BTC as dividend (0.00057296 BTC/share)
- 25.30007242 BTC reinvestment
- 2.24 BTC as hosting fee
The reinvestment funds will be stored on the following BTC address: 1352744hZq89cZMzBdTWj9yejUwjrzfxcV
Mining payout address (for converted altcoins) is 1KwRkCrT5KJE8ZxXnVHgB2R38d5sZiWvic
What is going in? This isn't the original 50/50 split you said in your prospectus? |
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So I'm guessing we should see our first dividend payment any time now? Edit: After reading the prospectus again I see that the payments are on a Friday, so I guess that means 'today' at some stage (I'm in New Zealand where Friday is almost over! ) Expect it in around 4-6 hours time |
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Just recieved this from customer support regardiong my failed 1000w PSU. Ill inculde most of the exchange.
From me to Bitmine:
"sent psu back. weighed 1.99 KG and i couldnt send it with cables as that
put me over the weight limit. still cost me £16. please send new one.
I put a 1375w gold rated thermaltake PSU in CCP machine and it will run
turbo extreme mode no problem. You didnt provide powerful enough PSU's for
the machines.
Please send me a 1600w PSU for my 1th/s machine as it only arrived with a
1000w PSU which is the same as my CCP machine. I believe I payed for a
1875w PSU as advertised and previous corresopdance has indicated the
working 1000w PSU only provides up to 1500w of power.
Send me the 1875/1600w PSU as I paid for and I will change the 1000w in the
1th/s machine for the 1600w myself, thus enabling both machines to work
more effectively. This only seems fair as you have not provided enough
power for my 1th/s machine to work even in turbo moderate and you have not
provided the PSU advertised.
I have highlighted some problems and differences between what i ordered,
then paid for, and the actual machine I recieved. See attached picture.
Why no power saving option that works?
Why does turbo mode crash the machines when they are running at 40C?
Please send a PSU similar to the one that advertised. I do not believe that
you have provided ones with enough power. This is a significant problem. I
understand that you are snowed under with refunds but if you want to KEEP
customers that already have your products you have to start going above and
beyond the call of duty. Deliver my 1875w (or closet in wattage) PSU in
exchange for the defunct one im sending back.
Seriously, think about the next few months. What are you going to offer
that would make anyone [except maybe petahash] want to come back to
bitmine.ch and buy a product that on previous experience havent been up to
scratch or on time?
Did you read about that guy who lost his house because of you guys and his
family are sleeping rough now?
Did you read about the guy getting a divorce because of you guys shipping
so late and him not having any money?
The management team at Bitmine.ch are directly responsible for this by over
promising and underdelivering.
Please dont be a European Butterfly Labs. Please hire a PR Director. If you
have one, he/she should be fired. You guys still arent releasing any
information. Get a move on. You cant all be working on refunds."
the reply:
" perfect we will send you back a PSU asap,
unfortunately we don't have in stock 1500W right now, and the lead time is 12 week.
so if you want buy by yourself i can refund you $350
I'm sorry but I didn't read about the guy who lost his house and/or his family,
but everyone who is in bitcoin market should now the risk and must not gamble with money that cannot afford to lose.
we had a tremendous amount of problems, starting from the chip manufacturer till to fake chinese components,
problem during production, problem during SMD, problem during shipping, chip failure rate (40% in the last batch), mtgox failure with a lot of our bitcoins,
what you think ? we are happy to do business in this way ? this dream become a nightmare for everyone of us.
we started this adventure because we was sure to be better than BFL and all the other competitors, but the fact is that doing these miners is not easy.
and now we are flooded by refund request and we are selling all our assets for give back the money to our customers, seems be difficoult for the waiting customers to understand we had paid upfront our suppliers too.
we are working 14h day, 7 day at week for finish all the outstanding.
regarding your display, please check the lcd display cable, is possible during your manual work one of the small cables it broken and come out, in this case I can send you the new cable with the psu.
Thanks
for your interests in our products.
Danke für Ihr Interesse an unseren Produkten.
For any questions don't hesitate to contact us. In the meantime
Für Fragen sind wir jederzeit für Sie da.
Kind regards/MfG
Customer Service"
we got goxxed. that why you guys arent getting your bitcoins back. Honestly, what do you think I should go for?
1) get $350 for a 1600w/1875w PSU that I never recieved, but wait in the reund "queue".
2) wait "12 WEEKS" for said 1600w to arrive? ( i wonder what the difficulty will be then?)
3) pursue a case against bitmine.ch with Trading Standards (UK) as they havent provided the machine with the specifications I asked for?
4) take them back myself and demand a refund in person. (may be cheapest and quickest even though im in the UK)
seriously what would you do?
Can you please post a screenshot of the emails? It's not i don't believe you, but if its true that they are now selling off assets then that's huge. I don't want to say exactly what comes next but i'm sure everyone here is well aware |
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Last two questions.
Does anyone know how much capital is retained from profits for future reinvestment?
Are there any other revenue streams apart from self mining, franchise mining and chip sales?
I don't believe any profits from Gen3 chip sales are going to be retained, thus the "aggressive" dividends. I think friedcat has enough in reserves to cover Gen4 R&D. Nope. Those are the only revenue streams that I'm aware of.
The dividend schedule will be aggressive, as AM will not require large sums of retained capital. The rationale is that AM doesn't need to invest large sums into infrastructure and that the majority of chip production costs will be covered by the business partners on a contract schedule. The new round of dividends are scheduled to begin as soon as the first large purchases have concluded and should precede or coincide with the publication of the updated financial statements.
Thanks for this guys. Ill be intouch with the results once I've finished the projections and put together a sizeable amount of capital. Should be tomorrowish |
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Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??
Where are you getting this from?
Sorry, I just want to make sure my numbers are going to be accurate.
20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad. Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read. 3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.
Will do. Cheers for this guys. On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit. Ha, what are you so shocked about?  Heh. Let me run the projections first. Can someone please tell me the total amount of shares issued? Held privately and publicly.
Edit: 400,000 is correct?
The total number of shares is 399,962. Reference: Why the denominator is 399,962 rather than 400,000? When GLBSE went belly up, there were some unclaimed shares. If you look at the last dividend payment, there were only 399,962 shares paid out. Perfect. Thanks for this. Ok, cool. I've read the updates. Last two questions. Does anyone know how much capital is retained from profits for future reinvestment? Are there any other revenue streams apart from self mining, franchise mining and chip sales? |
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Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%??
Where are you getting this from?
Sorry, I just want to make sure my numbers are going to be accurate.
20P, sorry. Well, they do get the hardware and simply provide the power and capacity. Of course that's deducted from the profits. So I guess the deal isn't that bad. Make sure you throughly read the updates from April 21. and April 29. They're the latest ones and a must-read. 3) What capacity of gen 3 hardware is supposed to be used for franchised mining?
re 3) Depending on the capacity of our franchisees. We personally think 20P could be possible even inside China.
Will do. Cheers for this guys. On a side note, holy fucking shit. I'm not going to go into this now but holy fucking shit. |
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Am I correct in assuming mining will be @ 3PH?
Solo mining yes. About 30 may go into franchised mining (80% profit), maybe less, maybe more. Selling chips remains the main strategy, though. Soooooo. Let me just confirm, they will have 30 PH/s @ 80% profit? 80% profit sounds crazy, how would a franchisee make money from this? If they have to build the rest of the hardware and host I'd assume it would be closer to 20-30%?? Where are you getting this from? Sorry, I just want to make sure my numbers are going to be accurate. Not that I don't trust you, which I do, but that does sound too good to be true |
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Am I correct in assuming mining will be @ 3PH? With 50% coming online in may June and the other 50% coming online in June July?
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1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G. 100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc 100,000/400,000 = 0.25 btc per share. Not bad. Ohhh my god. Those figures are terrible. Is that what people around here are going on?! Seriously, am I the only person who can see multiple problems with that logic? If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below. We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price. Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares. This might be my bad. I think I've got the capital wrong. Am I correct now thinking there are 400,000 shares? Yes. I believe a couple (2 digit range) of shares got 'lost' when an exchange collapsed and no one claimed them, but that's negligible. AM owns 2/3, the rest is being held by investors and speculators. Care to give us an insight in your calculations or ideas what you expect? Will do, just trying to get the base figures correct first Does anyone have any details on mining and any other revenue streams? Its annoying this is nearly a thousand pages long, for new investors getting information to make an analysis is a nightmare |
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1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G. 100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc 100,000/400,000 = 0.25 btc per share. Not bad. Ohhh my god. Those figures are terrible. Is that what people around here are going on?! Seriously, am I the only person who can see multiple problems with that logic? If the announced prices still stand, these figures shouldn't be too far off. Although I do see divs for those batches more in the realms of 0.2 or slightly below. We have to see though, how much is being sold and what goes into (franchised) mining. For the whole year of gen 3 I believe 0.3 BTC/share are realistic, though. At an 25% APR (like last year) we'd see a share price of 1.2 BTC. Considering div spikes, this could easily lead to a higher price. Disclaimer: This may be far off, though, and is in no way meant as trading advice. I may be completely off and do own shares. This might be my bad. I think I've got the capital wrong. Am I correct now thinking their are 400,000 shares still? |
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Can someone please tell me the total amount of shares issued? Held privately and publicly.
Edit: 400,000 is correct?
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1) What is the status, size, and expected delivery of the next batch of chips? What about the one after that?
re 1) This month: 850k, next month: 3.35m (order size), June: 6.7m (order size), assuming each chip is 10G. 100Ph at $0.5 profit per gh = $50,000,000 or 100,000 btc 100,000/400,000 = 0.25 btc per share. Not bad. Ohhh my god. Those figures are terrible. Is that what people around here are going on?! Seriously, am I the only person who can see multiple problems with that logic? |
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i'm just worried about share price completely collapsing. someone please save it
It's a bit unnerving, yes. Granted, sure! But it simply doesn't affect the outcome of ASICMiner's endeavours. Friedcat won't be like "Whoa, the share price crashed to 0.3 BTC, if it doesn't get back to at least 0.55 we won't be able to sell a single chip!" If it only goes up to 0.5 after dividends come in, with the income of the first 3 months, we would be at an APR or 50%! Well, I don't believe this is going to happen without the share price reacting accordingly. Has anyone actually run the numbers? I'd like to take a look |
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cryptx there are still a lot of unanswered questions I thought you were gonna address last friday around when divs were released, I hope you can answer some of them this upcoming friday or just give a more detailed breakdown on your future plans and updates
-div% reinvest% changes due to hosting new project scryptx
-how are you going to be using reinvestment funds going forward(our own boards vs premade rigs)
-what is the status of new rigs from bitmine(we all know they are starting soon, but how many are we getting a week going forward)
-do we have future chip deals in line if we save up enough reinvestment funds or from opening up another IPO since there are always so many delays with manufacturers
+1 |
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share price on the verge of total collapse, i think AM is doomed
Yes. It's doomed. Because a companies success has always been based on what people think its value is. Not its product or sales. Ignore that shit |
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