We've collected 24400 BTC from public share sales in total.
Document says:
Public shares: 19 237 745
Private shares: 2 803 262
23 023.68 BTC Raised from IPO.
By my calculations there is missing 1376.32 btc from public shares sales.
Hi!
Here are the updated numbers.
The reason why the other one showed some weird numbers is because it had some faulty assumptions based on old data which I had missed.
This one has been triple checked and is updated for the current numbers.
The table starts at the current raised amount of 23910 BTC and the current amount of sold public shares.
It then increases by 5000 BTC/3.125 Mill public shares.
The reason why we are currently not at 18 mill planned but instead at 18.5 is due to that we had an one batch of public shares open for sale at the same time as we closed a private deal.
The public to private shares scales up due the minimum requirement of 10 Mhash per share, to honor this the amount of private shares scales down at lower levels.
We also reduced batch three from 7 million to 6.25 million shares, this is due to the BTC price increase, we need less amount of Bitcoins for the budget for the data center.
We also added the % of private shares compared to the total amount of shares, we also included the mhash per share (with the investor protection clause).
Hopefully this will give you a better picture of how the distribution of shares will look once the IPO is complete.
//DeaDTerra
Still missing about 900 BTC from PDF.
Hi guys!
We have now cancelled the last batch and we can hence start finalizing the numbers surrounding the mine.
Each IceDrill share is currently worth 10 mhash at startup (public+private), calculating in the public investor protection clause each public share reaches 12.72 mhash (only public). One share is equal to (1/23,529,411) of the profit this is roughly 4.25/10^6 % of the farms profit per share. One share will generate 9,54 Mhash in dividend at the farms start and 3.18 mhash of reinvestments, to bring each share to a total of 12.72 Mhash.
Please note that all these numbers are made with assumptions we have been given by HashFast, these should be taken as estimates and not exact number.
18,500,452 shares are public and will receive 75% (the other 25% will be kept for further reinvestment) of the farms profit until 0.0015 BTC has been paid to each share. Each share will at this stage receive 1/18,500,452 *0.75 of the farms profit and 25% will be reinvested.
We’ve decided to lower the investor protection clause from 0.0016 BTC payback to 0.0015 BTC payback as no share has ever been sold (from anyone) for higher than 0.0015 BTC. This is a 6.25% decrease. We believe this remains within the spirit of the clause: to provide 100% principal investment ROI in dividends, before private shares attain value upon entering the market.
When each public share has been paid 0.0015 BTC, the public protection clause naturally expires and the private shares will start receiving dividend (The private shares will become public shares). Once this stage is initiated the private shares will be converted into public shares and start receiving dividends accordingly. An announcement will be made when this happens. The owners of these private shares may then do as they wish with them, sell them, keep them etc. At this stage each share will be worth 1/23,529,411 of the farms profit (75% in dividend and 25% reinvested), for the exact way the farms profit is calculated please look back into the main information sheet.
//DeaDTerra
23910btc/18500452shares= 0.0012924008559358/Share (sounds very realistic)
0.0012924008559358*(19 237 745(public shares in doc)+2 803 262(private shares in doc))=28485.81 BTC
OR lets just take this 0.0012 price for public share: 0.0012*19 237 745=23085.294 BTC
It will make 2 308 500$ @BTC/USD100$.
Costs are 398 396$ for everything except sierras. 2 M$ Sierras. So
2 398 396$ are all costs to Feb 3 2014.
2 308 500-2 398 396$ = (89 896$) Our debt to someone. Also some part can be payed from mined coins so debt is only 66 022$ and by this date it must be payed.
6 120 000 shares * 0.0012 = 7344 BTC "GOT" from sold sierras that costs to IceDrill 520 404$. So by this change IceDrill got about 20 "bonus" sierra units and still 145 sierras that will be @ the end will be just 9MH/share
I dont understand what is "Invest in Cointerra", but i think that after this message someone will tell me about it. Didnt found any info of it.
Also because of everything i did not understand how much and WHERE have been invested private investors money and was there any?
Because of my "not-so-good" english i cannot sort out of some things, but my opinion is that in this PDF document some calculations have been made terrible wrong.
