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It's amazing how many of these companies shoot themselves in the foot by being complete morons lmao.
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doesn't matter going by their numbers at 10% You'll make about $1/Share
Over what time frame? You wont make anywhere near 1 USD/share from a single dividend payout. You'll make that easily from selling IPO shares though. 1 USD is about 0.01 BTC and the share price will easily surpass that. I was going by their numbers that they posted in the OP, I guess they are all bullshit lol |
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The more time passes the bigger of a complete joke these guys become. They have "Tuur" the investor going on their and commenting like a dumbass, and not even commenting on the forums if he so wanted to clarify things, unless this was all made up.
The fact that they haven't said a single word about it still makes them look like complete idiots.
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Now how much hashpower does 1 share equal? In the beginning and in their future goals?
There are 10,000,000 shares. When they bring 50TH online and spread 70% of mining income then its 50 * 0.7 = 35TH. 35 / 10,000,000 = 0.0000035TH per share or 3.5MH per share. Vagely correct? IDK so what is that 7TH per say 20,000 shares? It cant possibly be 7TH since there are only 50TH in total and 10,000,000 shares. 20K shares would be around 70GH, thats 0.07TH. Of course, if they do it right and reinvest that should rise. I wonder if they took everything into account. The big amount of power needed. Are the miners ready to create and so on. So if it's 70GH how does anyone say this is cheap? for $4K you can get 200GH from KNC. |
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doesn't matter going by their numbers at 10% You'll make about $1/Share
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Now how much hashpower does 1 share equal? In the beginning and in their future goals?
There are 10,000,000 shares. When they bring 50TH online and spread 70% of mining income then its 50 * 0.7 = 35TH. 35 / 10,000,000 = 0.0000035TH per share or 3.5MH per share. Vagely correct? IDK so what is that 7TH per say 20,000 shares? |
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My back of the envelope calculations put the value of the 6TH running on 10/1 at .000605 / share and the remaining 44TH running on 10/15 at .002435/share, for an expected value of at least .0031
EDIT: These calculations assume 35% increase per Difficulty Increase
.000605 / share per what timeframe? Total expected value of the mining capability - basically I've charted it out until June 2015 Perhaps you worded it wrong. Perhaps you meant to say 0.000605 / share dividend in October and then I'd agree with you. Perhaps you mean 0.024 is the value of the stock price and then I'd agree with you. But you worded it confusing. Network Hash Rate = 450 Th/s Mine Hash Rate = 50 Th/s 50 * 100 / 450 = 11.11% Blocks/Round = 2016 Bitcoin/Block = 25 BTC Bitcoin/Round = 2016 * 25 = 50,400 BTC 50,400 * 11.11% = 5,599.44 BTC 5,599.44 BTC / 10,000,000 shares = 0.00055994 BTC per share per round. So, even if Labcoin had 50 Th/s right now, divs (twice a week) from mining would be about 0.00013 BTC. If that's correct, then the annualized divs per share would be 0.01352 Hmmm. That's not correct because at todays prices my $4000 dollars can buy almost 2,000,000 shares that means I will profit over $2.7Million dollars in a year. The fact that the OP hasn't answered my questions and the fact that after 120something plus pages, shows what bullshit this company is. Alot of misinformed people buying shares, and getting screwed because they don't even know what their dividends will be, or are calculating wrong and are far exaggerated. How can anyone possibly know what Labcoin's dividends will be at some point in the future? To know that, you would need to know what the difficulty was at that point, as well as the network hash rate and Labcoin's percentage of it. Even knowing that information, you still would not be able to make an accurate prediction as you'd still have to account for miner luck. Do you know anything at all about mining? They said dividends of 70-80 what does difficulty have to do with anything, you can use mining.thegenesisblock.com to figure potential profits out. Just wanted to know how many shares you will get, which i miscalculated thought prices where in USD not BTC, so in BTC it's 20K shares. Now how much hashpower does 1 share equal? In the beginning and in their future goals? |
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From the Genesis Block: http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/The miner uses 4 chips at 500 GH/s each, and costs $15,750. It will consume 0.6 W/GH, for a total of 1200 W. Personally I think this is way too expensive for a December shipping date, and don't expect that it would be profitable. No word on payment methods as of yet, as it doesn't seem they've listed it on the site. I wonder if TGB released their article too early... Anyone planning on ordering? Proof? Besides linking an article with no actual source? but I guess that's all it takes in the BTC world, random articles. They announced on the forums two days ago that they would be announcing prices in 48 hours. There is also a comment verifying the article details from Tuur Demeester, a known Cointerra investor. That's all I've got proof-wise, but it seems like a good start. A page on their website would obviously be better. Yeah the only thing is the TerraCoin investor, other than that nothing. If these prices are correct these guys are out of their minds, these things will have negative ROI. |
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Also, I'm confused about the 1.2TH-2.4TH is that the insurance? Meaning the device will shipping between 1.2TH-2.4TH depending on the difficulty?
No... that means you can add additional modules to get it to that level of hashing. The store doesn't allow me to choose blades, so what Am i buying im confused? What is the actual price |
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Also, I'm confused about the 1.2TH-2.4TH is that the insurance? Meaning the device will shipping between 1.2TH-2.4TH depending on the difficulty? The store doesn't allow you to choose how many blades to choose.
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My back of the envelope calculations put the value of the 6TH running on 10/1 at .000605 / share and the remaining 44TH running on 10/15 at .002435/share, for an expected value of at least .0031
EDIT: These calculations assume 35% increase per Difficulty Increase
.000605 / share per what timeframe? Total expected value of the mining capability - basically I've charted it out until June 2015 Perhaps you worded it wrong. Perhaps you meant to say 0.000605 / share dividend in October and then I'd agree with you. Perhaps you mean 0.024 is the value of the stock price and then I'd agree with you. But you worded it confusing. Network Hash Rate = 450 Th/s Mine Hash Rate = 50 Th/s 50 * 100 / 450 = 11.11% Blocks/Round = 2016 Bitcoin/Block = 25 BTC Bitcoin/Round = 2016 * 25 = 50,400 BTC 50,400 * 11.11% = 5,599.44 BTC 5,599.44 BTC / 10,000,000 shares = 0.00055994 BTC per share per round. So, even if Labcoin had 50 Th/s right now, divs (twice a week) from mining would be about 0.00013 BTC. If that's correct, then the annualized divs per share would be 0.01352 Hmmm. That's not correct because at todays prices my $4000 dollars can buy almost 2,000,000 shares that means I will profit over $2.7Million dollars in a year. The fact that the OP hasn't answered my questions and the fact that after 120something plus pages, shows what bullshit this company is. Alot of misinformed people buying shares, and getting screwed because they don't even know what their dividends will be, or are calculating wrong and are far exaggerated. |
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From the Genesis Block: http://thegenesisblock.com/cointerra-announces-2ths-asic-bitcoin-miner-for-15750/The miner uses 4 chips at 500 GH/s each, and costs $15,750. It will consume 0.6 W/GH, for a total of 1200 W. Personally I think this is way too expensive for a December shipping date, and don't expect that it would be profitable. No word on payment methods as of yet, as it doesn't seem they've listed it on the site. I wonder if TGB released their article too early... Anyone planning on ordering? Proof? Besides linking an article with no actual source? but I guess that's all it takes in the BTC world, random articles. |
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So can anyone answer my questions what kind of dividends will my $4,000 invest provide for me in today's prices?
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yeah I understand wanting to generate hype, but I don't get the need for a pre-announcement of a price-announcement that in itself is a pre-announcement for the pre-order...  That hype turns into negativity when you fail to deliver and even post a clarification lol. The hype would of been good if right before deadline they posted prices it would of kept the hype going, not this sorry excuse of a failure lol. This just kills anything you had going for yourself plus it damages you beyond repair. Why would we trust these guys when they can't even take 2 seconds of their time to post something. |
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Why should we trust Cointerra when they can't even be relied upon to release announcements in a reasonable timeframe ?
This is why you don't make announcements about upcoming announcements. You just make the announcement when you are good and ready.
I clearly don't trust them anymore, this lack of incompetence spreads throughout the whole business. If these idiots can't even announce something properly would love for them to try and execute an ASIC design with proper time management. It's one thing to not post on time, but at least come on and explain what is going on. You have a website posting numbers, you are late with your announcement, and you don't even bother to explain. Shows complete stupidity and recklessness. |
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so for arguments sake if i invest $4,000 at .002 a share it gives me 2 million shares I'll make 5,200BTC for the year? is my math correct?
2,000,000 x 0.002 = 4000 BTC = $400,000$4,000 / 100 = 40 BTC / 0.002 = 20,000 shares = 52.8 BTC/yr That's IF they can reach and maintain 2% of the BTC Hashrate for the entire year, I assume? Ok that makes more sense, that it's pretty worthless compared to buying your own equipment. If you look at the Mining calculators, most barely make ROI in a year, and henceforth make barely anything at all. With an investment like this (or ASICMINER) their overall hashrate goes up along with the rest of the network. So you continue to make money year after year into the future. Not just for one year before it becomes worthless. Furthermore 2% was just a random example. Their actual goal is ~10% or more. Their chips only cost them $9-10 and so they only pay about $2-3/GH/s. Compared to anywhere from $20 for KnC to $7 something for Cointerra if you want to drop $15k Yeah but you are not getting the GH for $2-3/gh. If you were you would be making like $50K. If you were getting $2-3/gh you would make $100K, clearly that is not the case, if you only end up with a $1,000 profit. This means their shares are an equivalent of probably $40/gh even more expensive than KNC as even KNC will give you an ROI of $9,000 |
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so for arguments sake if i invest $4,000 at .002 a share it gives me 2 million shares I'll make 5,200BTC for the year? is my math correct?
2,000,000 x 0.002 = 4000 BTC = $400,000$4,000 / 100 = 40 BTC / 0.002 = 20,000 shares = 52.8 BTC/yr That's IF they can reach and maintain 2% of the BTC Hashrate for the entire year, I assume? Ok that makes more sense, that it's pretty worthless compared to buying your own equipment. |
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I know how stocks, shares, and dividends work, I just don't understand these companies completely complicated prices. Divide 20 million shares into total hashrate, then calculate dividends, ect.
Labcoin has 10m shares right now. Their first batch of prototype chips should be 6TH/s and should be arriving in a couple days (but will take them some time to get all their boards assembled and online). Once the chips are tested they'll order about 50TH/s worth by September. You're not just buying shares in 50TH/s, though, they'll be adding more chips and are working on a 65nm design. Their overall goal is to get 10% of the network. If they only manage to get 2%, it would be ~72btc/day/10,000,000 shares = 0.00264BTC/year/share so for arguments sake if i invest $4,000 at .002 a share it gives me 2 million shares I'll make 5,200BTC for the year? is my math correct? |
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i think they still arent sure what prices to declare.
doesn't matter post something like those are not our prices on there ect. we will be posting prices shortly ect. ect. |
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