[BitFunder] Fenix. Hashing from the ashes of Bakewell.

[FenixPR]

Hi All,

I have some Bakewell shares that I would like to convert to Fenix shares.

Can I just transfer them to fenix on Bitfunder ?

regards,
                           Daeiro

Hi Daeiro,

PM sent to you.   

Enjoy,   

FenixPR

[1715033609]

1715033609

[klaus_ffm]

I wonder what kind of hardware a company with 2.5 BTC dividend and a market cap of less then 50 BTC can buy.
2 monthy ago we could have sold the avalons for > 200 BTC. Now Fenix is as bust as Bakewell.

I think I worked it out to be around, having to double hashing speed every 10 months or so (I think it was more than this, but rounding it down a little), so we need to be sure that we have enough saved in "the last period" to get the newer gen hardware as it comes out, skipping a gen between orders perhaps.

I'm hoping to propose we invest in a particular deal I'm involved in that would get us in on a large group buy. These will be managed through a new hosting facility for asics that will offer cutting edge features. Details are coming soon. There are no guarantees the deal will go through, but I'm sure we'll find good options on an ongoing basis regardless.

[nameface]

2 monthy ago we could have sold the avalons for > 200 BTC. Now Fenix is as bust as Bakewell.

We took a vote on how we should proceed upon receiving the units. IIRC only 1 person voted to sell the units.
> 200 BTC is a very optimistic figure for a sale price, it might have been only ~125 BTC. We have mined > 91 BTC with our units so far.

[Daeiro]

Hi All,

Does anyone know if FenixPR is on vacation or something ?

I've sent a message there 6 days ago and had no reply yet.

regards,
                          Daeiro

[tulkos]

Any Divs this week 

[Fosca]

Indeed where is the div?

[Evolvex]

Things seem very very quiet here lately....

[fourd00rgtz]

Any/All Americans invested might want to get a plan together, checkout the press release on Bitfunder (or read any one of the threads here)
Don't panic and sell, a transfer might be your best bet.
I'm an outsider that will be going through with verification and could manage some additional shares if people wanted.

[tolan77]

Any/All Americans invested might want to get a plan together, checkout the press release on Bitfunder (or read any one of the threads here)
Don't panic and sell, a transfer might be your best bet.
I'm an outsider that will be going through with verification and could manage some additional shares if people wanted.

As an American this has limited my options. Being someone that's stuck it through since Bakewell I promised myself I wouldn't sell as it almost holds sentimental value for me. Would be interested in possibly a transfer to the new btct.co or just privately traded.
Curious to see what you guys decide on doing.

[klaus_ffm]

@nameface: could you please distribute the 50 BTC planned for future investments as final dividend?

[fourd00rgtz]

If the time ever had to come, I think we could trust the group who helped get Fenix going to continue to manage outside of an exchange.... Just takes a couple more sheets on the google doc to keep track of what addresses own how much, and dividends can be sent out (manualy) to those listed. Would be nice to pair down those with very few shares to keep the number of transactions down....

I don't think its the right time to panic and distribute the investment fund as a dividend, it would be better put to use buying more hardware. Good thing we didn't get the asic's hosted in the USA.

[mattmcegg]

What are the options at this point for Americans with shares? I'd like to hold direct shares, or maybe you could work to get on Havelock. Any word from a Fenix rep yet?

[klaus_ffm]

The avalons are worthless. Why not distribute the cash reserves? This is the best option for US shareholders.

What are the options at this point for Americans with shares? I'd like to hold direct shares, or maybe you could work to get on Havelock. Any word from a Fenix rep yet?

[🏰 TradeFortress 🏰]

The avalons are worthless. Why not distribute the cash reserves? This is the best option for US shareholders.

What are the options at this point for Americans with shares? I'd like to hold direct shares, or maybe you could work to get on Havelock. Any word from a Fenix rep yet?

This is being performed right now. A final dividend is being issued. No electricity cost is being deducted from the final dividend.

[fourd00rgtz]

So whats being done with the shares/asic's? Once the last dividend is handed out everything is worth 0 ?

Will there be any further transactions outside of Bitfunder?

[klaus_ffm]

Some people still pay > 1000 USD on ebay for an avalon.

So whats being done with the shares/asic's? Once the last dividend is handed out everything is worth 0 ?

Will there be any further transactions outside of Bitfunder?

[nameface]

What is a fair price for 2 Avalons?

[klaus_ffm]

The best price pay people on ebay as many don't calculate the hardeware break even. You would get probaly 2500 USD for 120 GH.

http://www.ebay.com/itm/1st-of-2-Avalon-4-module-ASIC-bitcoin-miner-110-GH-possible-IN-HAND-SHIPS-FAST-/331045667320?pt=LH_DefaultDomain_0&hash=item4d13dc01f8

If you calculate with a diff increase of 30% every 10 days than the FAIR value is about 9.5  BTC without power costs.

Did we save only 35 BTC? 60 % of 95 BTC should be a few more, right?

What is a fair price for 2 Avalons?

[ProfMac]

What is a fair price for 2 Avalons?

A properly run auction discovers this price.

TradeHill recently had an auction of 2 module, new construction avalons, in hand, clocked at about 60 GH/s.  Bids ran from about 2.21 BTC to about 3.00 BTC.

With this information in hand, Avalon is offering 2 module units at 6 BTC each.

[supermono]

I own 1 share of BAKEWELL. I sent FenixPR a PM on October 9 asking about converting it into a share of Fenix, but never received a response.

Is my share of BAKEWELL both worthless and useless now? Should I file it with my share of ZigGap?