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IPO Flag to be lifted in 15min.
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OK...its going to a vote....so hang tight...all of the investors will an email and a chance to speak...
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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... |
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I have added FASBIT to the CryptoFrenzy.com crypto porfolio so you can now track your live share value.
Exclent DannyDisco... Ill put up a link |
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Do you think these will be sold by tomorrow? Only 4 BTC left @ 0.000001
Yes... I would expect... |
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it cant go lower than 0.000001, but what if no one wants to buy the shares? ill be stuck with your stock
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! |
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it cant go lower than 0.000001, but what if no one wants to buy the shares? ill be stuck with your stock
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. 6 decimal places is the lowest increment that CryptoStocks allows. So it really cant go lower! |
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it cant go lower than 0.000001, but what if no one wants to buy the shares? ill be stuck with your stock
yes.. you would be "stuck" with the stock AND the dividends |
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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.
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... |
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Quoted from the other forum: Dividends will be paid daily after first IPO round is completed. Since kh/s and mh/s fluctuate so much, it would be easier to calculate it in "shaders" or stream processors. At the moment, We set our AMD 290x GPU's of 2816 shaders to about 820 kh/s, we could go higher but overheating is a real issue since these rigs are contained in a server rack. You can do a rough calculation that that one fully cased and cooled rig of 5632 shaders (2 - 290x GPU's) will produce about 1.6mh/s, will cost us about 2.85 BTC on today's market. So, one share at .000001 BTC wouldn't get you much in the way of hash power. However, 2.85 BTC (2.85 million shares) would get you the profit from 1.6mh/s. Im thinking about paying out 90% of the profits at first. If I loose money, I will reduce the percentage until there is a profit and I can replace broken hardware pay the electric bill etc. 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? 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" |
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interesting concept. Bought some.
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... |
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The purpose of raising the funds is to purchase more mining and cooling hardware. Each 1mh/s mining rig, properly contained and properly cooled costs nearly $1500 USD This seems high for 1mh/s... How do you come to this figure? 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... |
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Price can NEVER go lower. FANTASTIC  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 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. |
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Whats the ROI
ROI = Return on Investment or (ROIC = Return on invested capital) |
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so... what are the future developments for the fastbit?
Short term > all hardware and mining Midterm > next currency > pegged to fiat (in the works) |
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Fire up your CPU miner.. to C-Notes >> trade them in for GPU auto mining...Daily dividends
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We sold two million shares in two hours...
What are you waiting on? A sign from the gods??
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Buy FAS > Instant GPU Mining. I hate cex.io... I lost so much money there hoping and wishing it would always turn around.... what an idiot I was... I made my own solution. https://cryptostocks.com/securities/87 |
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