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pornluver (OP)
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June 12, 2013, 02:27:51 PM |
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Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
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lophie
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June 12, 2013, 02:37:33 PM |
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Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
The first part yes. The second part was around 163,000shares*0.1 BTC = 16300 BTC*$15(~ish of the exchange rate at that time) = $244500. If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right. DISCLAIMER: my own calcs, I am a known retard. |
Will take me a while to climb up again, But where is a will, there is a way...
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kokojie
Legendary
 Offline
Activity: 1806
Merit: 1003
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June 12, 2013, 03:07:43 PM |
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Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
BFL took in a similar amount of money in USD terms, and has delivered what? 5% of ASICMINER's hash rates? |
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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bitman442
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June 12, 2013, 05:05:55 PM |
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Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
The first part yes. The second part was around 163,000shares*0.1 BTC = 16300 BTC*$15(~ish of the exchange rate at that time) = $244500. If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right. DISCLAIMER: my own calcs, I am a known retard. Thanks alot, everybody at work probably thinks I'm nuts because I burst out in laughter after reading your disclaimer. Anyway, the magnitude of growth from this company is just astounding. I kick myself every day for not getting in sooner but I bought in at 1.45 so I guess I can't complain too much. |
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lophie
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June 13, 2013, 03:33:32 AM |
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lol I was around on IPO days and I was literally mining and as soon as my mining on slush pool reaches 0.1BTC I would transfer them to GLBSE and get one more share. I was really just lucky I did the poker's "all in" and kept a poker face for months until ASICMINER actually made the chips.  |
Will take me a while to climb up again, But where is a will, there is a way...
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MSantori
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June 13, 2013, 04:11:11 AM |
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How many shares are outstanding for ASICMINER then?
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Marco Santori is a lawyer, but not your lawyer, and this is not legal advice. If you do have specific questions, though, please don't hesitate to PM me. We've learned this forum isn't 100% secure, so you might prefer to email me. Maybe I can help! Depending upon your jurisdiction, this post might be construed as attorney advertising, so: attorney advertising  |
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lophie
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June 13, 2013, 04:15:30 AM |
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How many shares are outstanding for ASICMINER then?
400000-163000, Too lazy to do the calc, hence how retard I am. |
Will take me a while to climb up again, But where is a will, there is a way...
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Deprived
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June 13, 2013, 04:17:25 AM |
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How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. |
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Deprived
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June 13, 2013, 04:18:45 AM |
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How many shares are outstanding for ASICMINER then?
400000-163000, Too lazy to do the calc, hence how retard I am. Outstanding means sold ones - not unsold ones. And for all practical purposes such as calculating dividends or working out valuations you should treat ASICMINER shares as being BitFountain shares (the 400,000). |
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Franktank
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June 13, 2013, 04:20:42 AM |
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How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. Additionally, I have also done an informal report here with their earnings from Feb 28 - May 31. Hope it helps. |
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lophie
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June 13, 2013, 05:05:42 AM |
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How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares). For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread. Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain. |
Will take me a while to climb up again, But where is a will, there is a way...
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Franktank
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June 13, 2013, 05:13:52 AM |
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Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain.
Actually... If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them.
Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question: - Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan  will be that: Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally. IPO post does also mention voting power with AM shares. |
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lophie
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June 13, 2013, 05:22:22 AM |
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So both of us are mistaken. The correct answer is rights to profits of Bitcointain per share and voting power per 5k shares.
Thank you OP we got corrected and educated about our beloved investment.
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Will take me a while to climb up again, But where is a will, there is a way...
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EskimoBob
Legendary
Offline
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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June 14, 2013, 10:10:06 AM |
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Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain.
Actually... If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them.
Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question: - Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan will be that: Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally. IPO post does also mention voting power with AM shares. Nice report but this is only a partial picture. Maybe you can convince friedcat to publish a complete cash flow and profit/loss report and the balance sheet is needed too. |
While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
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pornluver (OP)
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December 16, 2013, 09:10:24 AM |
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Anyone knows what the value now?
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Bitcoin Oz
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December 16, 2013, 11:30:22 AM |
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Anyone knows what the value now?
Over 9000 |
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pornluver (OP)
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December 17, 2013, 09:13:32 AM |
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Where is it traded now?
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