[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast)

[bouchon2cul]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

[VolanicEruptor]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

[bouchon2cul]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.


I hope... 

[VolanicEruptor]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.


I hope... 

It only makes sense.. when difficulty doubles, profitability gets split in half.  Therefore the values of the shares will split in half as well..
My advice to all icedrill holders is sell off while you can, this game is getting too dangerous and your shares are becoming worthless...fast

[Rannasha]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.


I hope... 

It only makes sense.. when difficulty doubles, profitability gets split in half.  Therefore the values of the shares will split in half as well..

This is only true if the price of the asset reflects its value. If it's currently undervalued, then a difficulty doubling should cause the share price to drop by less than 50%, while if it's overvalued, shareprices should go down by more.

[VolanicEruptor]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.


I hope... 

It only makes sense.. when difficulty doubles, profitability gets split in half.  Therefore the values of the shares will split in half as well..

This is only true if the price of the asset reflects its value. If it's currently undervalued, then a difficulty doubling should cause the share price to drop by less than 50%, while if it's overvalued, shareprices should go down by more.

Any company that is not hashing cannot possibly be labeled as "undervalued".  Value isn't even existent until there is actual hash power.  Until then its all speculation, and there is no reason this "speculative value" won't reflect the difficulty rising (as it already has shown!)

[Rannasha]

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.


I hope...  

It only makes sense.. when difficulty doubles, profitability gets split in half.  Therefore the values of the shares will split in half as well..

This is only true if the price of the asset reflects its value. If it's currently undervalued, then a difficulty doubling should cause the share price to drop by less than 50%, while if it's overvalued, shareprices should go down by more.

Any company that is not hashing cannot possibly be labeled as "undervalued".  Value isn't even existent until there is actual hash power.  Until then its all speculation, and there is no reason this "speculative value" won't reflect the difficulty rising (as it already has shown!)

Depends on what was done with the IPO money. If the company has outstanding orders with an ASIC manufacturer that has a good track record, then it definitely can be undervalued. Value is not only determined by expected income, but also by assets held by the company. And outstanding purchase orders are assets. How these are to be valued depends on how reliable the estimated shipping date is and what the difficulty is expected to do.

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued. Just like it could be overvalued.

[bouchon2cul]

They state 25% is reinvested so it really shouldn't halve - though it's only with HashFast which is suspicious.
Still I'm afraid it won't be enough to keep up.

[VolanicEruptor]

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now.   

[Rannasha]

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now.   

Like I said, I don't know how IceDrill is valued right now (I don't follow this thread very closely). But my statement is that it is theoretically possible for a company such as IceDrill to be undervalued.

[VolanicEruptor]

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now.   

Like I said, I don't know how IceDrill is valued right now (I don't follow this thread very closely). But my statement is that it is theoretically possible for a company such as IceDrill to be undervalued.

It is also "theoretically possible" that these third world kids don't even want your icedrill shares.. in fact, it's reflected in the current share price so that makes it no longer just a "theory"!!!   

[bouchon2cul]

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

[VolanicEruptor]

As you can tell by this current thread, there are very few shareholders that are currently worried.

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders".    
Icedrill shareholders are panic selling as we speak, that is very evident!  
Enjoy your worthless shares! 

[creativex]

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

Nope.

[VolanicEruptor]

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

That's a big fat ugly no.. but other hashfast customers have that protection!  LOL

[bouchon2cul]

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders".    

Does that account for the 100,000 that are on sale off the books?
I must admit this is what triggered my visit here though I don't have enough shares to be that bothered about my losses.

[VolanicEruptor]

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders".    

Does that account for the 100,000 that are on sale off the books?
I must admit this is what triggered my visit here though I don't have enough shares to be that bothered about my losses.

That's on top of the half million.  And he won't sell 100,000 shares at .0011 if his life depended on it.  Look at the buy orders, do you see 100,000 ANYWHERE? There isn't even 100,000 in buy orders all the way down to .000000001.  

If he can't even sell 20,000 on the market, he will have one hell of a time selling 100,000 privately at .0011.  

[VolanicEruptor]

Oh my god you guys.. get the fuck out of this dangerous bullshit. 

[bouchon2cul]

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

Nope.

Hmm so actually direct HashFast customers can get a better deal?! So why is IceDrill restricting itself to HashFast?

[molecular]

Oh my god you guys.. get the fuck out of this dangerous bullshit. 

The intensity of your shouting tells me you're buying and probably talking to the off-book-100k-seller already.