Our vision is that to maintain a portion of the network, we have to take in all factors that contribute to reduce costs. Because of the scale of this project, we are able to get much better prices with manufacturers (chips / boards etc.) than retail customers and deploy hardware in an optimized location with low electricity costs. We will also be using our own mining pool (0% pool fee) that is optimized to improve communication with our miners for maximized hashing results.
In what range are your electricity costs going to be? 0.20 - 0.10 USD? < 0.10 USD? |
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What's new here? I made it into batch 6, Still hopeful...
check OP, batch 2 has been delivered, no news from the other batches yet. |
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I guess this is a good place to ask the question if HashFast and IceDrill have some sort of agreement that they will be able to order more hashrate and be in the "wholesale" line instead of the retail.
Maybe HashFast holds a % of chips just for wholesale(Bulk purchase) customers? This would be nice to know as it would give credibility to IceDrill scaling quickly.
I think so. Confirmation would be nice, or further information on how reinvestment will be put in practice. Maybe a wholesale deal with Hashfast and every few weeks the re-investment dividends will be used to order and deploy new bulk chips? |
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You do realise that there is reinvesting in the IPO making it so you gain additional hashrate without paying more in the long run.
It would be the same as if you bought a 400 GH Unit and every month that unit gained 100GH in hashrate......
Well not exactly. it's like you bought a 400 GH Unit and every month you use part of your mined income to buy an extra 100GH in hashrate. Assuming ICE.DRILL will pay less BTC/GH for the hashrate reinvestments than regular hashfast customers this might still be a better deal than buying a babyjet yourself. |
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is ghash.io the bitfury hardware test pool before delivering to customers ? or is it that 100TH project farm ? I'm confused.
it's not 100TH so probably bitfury. |
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At least the miner won't go though customs here in the EU - it's like domestic shipment, so it should arrive very quick.
That's why I so very much hope that KnCMiner will succeed and also offer competitive products in the future. Looking at the problems I've been having with customs in the past (1-3 weeks delay) ordering a miner outside of the EU becomes a risk factor by itself. |
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Sollte das nich mittlerweile Giga Hash heißen?  |
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Yes - a rise in price won't reduce profit in USD, but it will in BTC.
Ascension proves my point when he says if BTC value rises they still sell same USD average - meaning BTC sales have dropped. If BTC price doubles then USD value of sales would need to double to keep BTC profits at same level. And that's not possible when sales are constrained by capital and the capital is in USD (with the exception noted in next paragraph).
The exception is where capital is not already being fully utilised - in that situation a rise doesn't necessarily reduce BTC profits. That was likely the case during the previous bubble/crash of BTC. But we know it's no longer the case as Ascension has mentioned having to sell more shares to increase capital - which wouldn't make sense if there was already sufficient capital for a significant expansion in sales.
Pretty sad if the issuer doesn't even realise that the asset is actually USD denominated in practice - guess it'll take BTC rising and divdends falling for him to work out that if BTC rises vs USD then the same amount of USD becomes worth less BTC (which is all you actually need to know to realise that any asset whose revenue is constrained by capital and where capital is in USD MUST be USD-denominated in practice).
So you say Ascension proves your point, and then you end by saying he doesn't realise your point. Over-explanatory, inconsistent, and childish. Nice.  Doesn't matter, he's still got a point. Rising BTC + Same sales volume in USD = Same dividends in USD but lower dividends in BTC. Not saying that btcQuick will pay lower dividends anytime soon, but it's something to be aware of. |
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That is so hard to understand it's painful... The gist I get is - they have the machines designed and ready to go, but they don't have the CRITICAL ASIC chips - I thought I remember reading that they had the chips IN-HAND before they even started this thing, and now it sounds like that was an outright lie.
Nay, they always clearly stated that they had 2 x 10,000 chip ORDERS (may & june) of which half would be resold using their own boards (sold as preorders) |
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as long as the customs dont play fancy games
there are no customs within the EU. |
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Wait until the ASIC price war starts. Then buy hookers and beer.
A+++++ would listen to financial advice again |
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They stated their IPO purpose on Chinese forum, their main purpose of the IPO is marketing, by having a publicly held security, they hope to spread the word about them and their hardware, so people will know to buy them when their hardware is available. (Actually now that I think about it, I suspect this entire IPO might just be a marketing stunt, since they said multiple times they don't need money).
I don't know, the IPO was basically free money for them (especially including the dilution clause). No matter how well off they already are, they could have always used the IPO money to increase the scale of their operation. |
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Welp, that's one horse less in the race. At least for now. Good job on the smooth resolvance of this issue!
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Since 100TH should be the first mining operation using Bitfury chips so https://ghash.io/ should by that logic be 100TH mining. Can we get confirmation? And why should it be the first one? The original schedule included deploying the 100TH about a month prior to MetaBank shipping their devices. |
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that's exactly what you should be doing.. if you want to be safe Sure.. put the money under your bed, it will be very safe. :-) and let the bitcoin fairy do its job  I'm all in for a BTC.FAIRY IPO. Executive Summary: 1) Collect BTC 2) Put under Pillow 3) ? ? ? 4) Profit! |
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Italians are lazy and steal things
Chinese are honest and hard working
What about the Avalon situation? He was a jewish chinaman  I KNEW IT! |
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As edifying as your discourse on monopoly may be, wtf does it have to do with HasFast?
Fair enough... I just don't like to let those things go.  Carry on.. I think we're seeing the issue from very different angles, but your input is very much appreciated. Either way, moving on! |
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www.btcsea.com and www.btcman.comThey don't have much volume compared to www.btcchina.com, but are around for some time. The BBS though seems quite big and indeed like the "chinese version of btctalk".  It's stated in the first post and each site links to the others. Furthermore you can see that aiwell is entitled as administrator. Thanks for clearing that up. I noticed their affiliation with btcman, but wasn't aware of btcsea being an exchange. |
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$4000 is a lot of money and only what i need to know is can I trust kncminer.com
I found on internet that their send the miner in septermeber but on kncminer website I see october
I have sent a mail to him but I hear nothing ,i want to know when can I expect the miner.
The first miners from the early preorders ship in September. If you order now, your miner should ship in October. Both assuming that KnCMiner manages to ship in time, so no guarantee. |
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