snowdropfore
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August 03, 2013, 10:51:32 AM |
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Hi,
Im tempted to invest - but not pushing the button as yet due to the massive valuation. Can anyone justify it to me?
thanks
They are planning to deploy 500TH by Nov, that is one half of what Asicminer plan to deploy(800-1000TH) by the end of this year. Market Cap of Asicminer = 4 * 400,000 = BTC1,600,000 So, if everything goes smooth for BtcGarden, they deserve a market cap of BTC800,000 and it gives the price of BTC0.08 per share which is 5 times of IPO price. Hope my calculation makes sense. i hope so ,this is the most optimistic situation.
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ArcticWolf
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August 03, 2013, 10:55:40 AM |
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Hi,
Im tempted to invest - but not pushing the button as yet due to the massive valuation. Can anyone justify it to me?
thanks
They are planning to deploy 500TH by Nov, that is one half of what Asicminer plan to deploy(800-1000TH) by the end of this year. Market Cap of Asicminer = 4 * 400,000 = BTC1,600,000 So, if everything goes smooth for BtcGarden, they deserve a market cap of BTC800,000 and it gives the price of BTC0.08 per share which is 5 times of IPO price. Hope my calculation makes sense. The issue with that valuation is that BTCGarden is a mine, while ASICMINER is a mine + hardware sales. The question then is what percentage of ASICMINER's valuation is based on hardware sales?
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yuchuanzhen
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August 03, 2013, 10:59:52 AM |
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The issue with that valuation is that BTCGarden is a mine, while ASICMINER is a mine + hardware sales. The question then is what percentage of ASICMINER's valuation is based on hardware sales?
BTCGarden is also a mine + hardware sales.
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Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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ArcticWolf
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August 03, 2013, 11:04:58 AM |
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The issue with that valuation is that BTCGarden is a mine, while ASICMINER is a mine + hardware sales. The question then is what percentage of ASICMINER's valuation is based on hardware sales?
BTCGarden is also a mine + hardware sales. I just re-read the announcement page, and I stand corrected. The sales part isnt mentioned until mid-post so I missed it. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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culexevilman
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Bitcoin is too valuable to be used as a currency
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August 03, 2013, 11:19:19 AM |
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where's the other 2M shares supposed to show up right after the first 2M sell out?
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boyohi
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August 03, 2013, 11:25:34 AM |
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where's the other 2M shares supposed to show up right after the first 2M sell out?
It won't show up for a while at-least. They said the 2M shares will show along with really big and important news so I'm assuming it will be after a few months.
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yuchuanzhen
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August 03, 2013, 11:30:44 AM |
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where's the other 2M shares supposed to show up right after the first 2M sell out?
You mean this: 2. Please notice that the 2ed batch of BTCGARDEN will
*be impossible to issue before we reach a significant milestone in the development of our project. *a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.
*Certainly , the price of 2ed will be higher than the 1st.
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Tip:17YxKtDNYWjkhPYTKieh4xSGuyAfL4kJ5o
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culexevilman
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August 03, 2013, 01:35:21 PM |
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where's the other 2M shares supposed to show up right after the first 2M sell out?
You mean this: 2. Please notice that the 2ed batch of BTCGARDEN will
*be impossible to issue before we reach a significant milestone in the development of our project. *a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.
*Certainly , the price of 2ed will be higher than the 1st.
Ok, got that now, why the sell off?
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Super T
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August 04, 2013, 07:42:22 PM Last edit: August 04, 2013, 08:10:30 PM by Super T |
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Ambitious roadmap. I wonder how long "Deploying" takes to become "Deployed". ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpNcMO8x.jpg&t=665&c=AFn7qonFSsYJkQ) Source: http://www.btcgarden.com/figures.jsp<Edit - looks like total network hashrate is over 100TH to low, so could be an old chart>
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dexX7
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August 05, 2013, 12:14:13 AM Last edit: August 05, 2013, 12:26:53 AM by dexX7 |
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One should be aware that there is someone who has a buy order for GARDEN shares for more than 1000 Bitcoin and it seems that he wants to get in cheaper - but he wants to get in. At some point IPO flippers run out of shares or the demand catches up (due to an update from aiwell for example). What does that mean? His buy order doesn't get filled and he might move the wall again and chase the market ... or he could lose patience. So the question to the rest: do you want to get in before this happens or after? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Edit: To not sound manipulative: it could also be someone who wants to hold the price up.
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dhenson
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August 05, 2013, 12:34:08 AM |
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There's a 4k buy order @ .016 if anyone has cold feet and wants out. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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damiano
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103 days, 21 hours and 10 minutes.
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August 05, 2013, 12:38:43 AM |
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There's a 4k buy order @ .016 if anyone has cold feet and wants out. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) China is waking up ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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dexX7
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August 05, 2013, 12:48:29 AM |
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There's a 4k buy order @ .016 if anyone has cold feet and wants out. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) What happened? Pulled I guess? It wasn't filled at least.
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dhenson
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August 05, 2013, 01:33:20 AM |
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There's a 4k buy order @ .016 if anyone has cold feet and wants out. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) What happened? Pulled I guess? It wasn't filled at least. No, it executed about 3 minutes after I posted. 4099 shares.
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dexX7
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August 05, 2013, 02:49:39 AM |
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![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I assumed you talked about a 4k BTC order.
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culexevilman
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August 06, 2013, 01:10:01 AM |
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WTF does avalon have to do with BTCGARDEN ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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dhenson
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August 06, 2013, 04:41:24 AM |
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It seems to me that people don't realize how soon BTCGARDEN will be mining. All of the mining and sales profits will be paid out to the shareholders of BTCGARDEN weekly through btct.co. As its earliest,it will be start from the middle of September,2013, while our first batch of chips(200-300T) arrive and start being deployed.To save the most precious time, we have already paid for this first big-amount batch ,all shareholders can therefore expect a quicker & higher return than normal. In ~40 days BTCGARDEN will begin hashing 200-300TH/s. According to blockchain.info, 4925 btc were mined in the last 24 hours. If we scale that back and assume 4000 btc are mined a day (28,000 per week) and BTCGARDEN hit's their goal of %35 network hash rate, that's 9800 btc per week in dividends or .00098/share. So from the middle of september till the end of December, that is .01372/share returned in dividends (85% of IPO price).
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KCBitcoin
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August 06, 2013, 05:07:56 AM |
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All of the mining and sales profits will be paid out to the shareholders of BTCGARDEN weekly through btct.co. As its earliest,it will be start from the middle of September,2013, while our first batch of chips(200-300T) arrive and start being deployed.To save the most precious time, we have already paid for this first big-amount batch ,all shareholders can therefore expect a quicker & higher return than normal.
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Ytterbium
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August 06, 2013, 05:25:55 AM |
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If KnC meets it's targets in September/October we could see ~1PH or more on the network. We also have HashFast promising to deliver by October as well. I doubt BTCGarden will ever get 35% of the network.
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