oxideNL
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Activity: 82
Merit: 10
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August 15, 2013, 01:34:41 PM |
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This thread and the offer is closed. Thanks. This is what happens when you let the cat out of the bag early and dont have everything nailed down and in writing. Someone has come in and purchased all the available hash that Alydian was offering.
Thanks to all of you who showed support for this...I really appreciate that.
Wait what ? Your pulling the plug now because someone decided to buy all shares at once ?  |
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zif33rs (OP)
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August 15, 2013, 02:15:15 PM
Last edit: August 17, 2013, 03:27:19 AM by zif33rs |
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UPDATE to the UPDATE : see the thread below this one.  Update: I have not heard back from Alydian or Coinlab stating that everything is locked down. I am going to push the revenue share program through and see what happens. |
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zif33rs (OP)
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August 17, 2013, 03:26:20 AM |
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UPDATE : I have reopened this as the contract for the terahash is still available. I have the contract in hand but there are other interests involved so now is not the time for messing around. I believe in this project 100% if the required funding can be generated quickly enough.. This is possible and could lead to a significant revenue stream for years to come. Here is what I have. A 10 terahash contract to start mining no later than August 30th, 2013. Any day past the launch date that the contract is not met will be guaranteed with added hashing to make up the difference in lost revenue. If we are going to meet the required launch threshold we will need to act fast. This still needs one vote to go live at www.BTCT.co. Once this goes live we probably have a matter of days to get the amount needed or someone else is going to scoop this up. I am not particularly fond of deals that requires so much haste but this is the real as it gets. I have spent hours in talks with all parties and have spent countless hours reviewing the data and I am convinced this is a solid deal. If you believe in bitcoin and want to get involved into a program with long term goals..this is it. I know I can secure this contract and provide a long term investment opportunity of staggering proportions with your help. |
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superduh
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August 17, 2013, 03:52:06 AM
Last edit: August 17, 2013, 04:04:02 AM by superduh |
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are they using in house chips- have they been tested at all?
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ok
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hasher87
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August 17, 2013, 03:55:57 AM |
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what would be the initial price of the IPO, as well as the number of shares you are looking to sell it?
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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August 17, 2013, 03:58:14 AM |
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what would be the initial price of the IPO, as well as the number of shares you are looking to sell it?
there seems to be a total of 500k shares in total. Not sure what the price is though. I wonder how they plan to have 10TH on line in two weeks... |
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TheSwede75
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August 17, 2013, 04:02:09 AM |
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The contract on BTCT.co states that they will raise 5000 BTC for the purchase. That would result in 500.000 shares at 0.01 BTC in the IPO of which 10% will be placed sight the founders. I assume they just screwed up the wording in the contract and are really raising 4500 BTC if founders keep 10% of IPO shares though.
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zif33rs (OP)
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August 17, 2013, 04:09:08 AM |
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I cant release specifics of the chips but can tell you yes..they have have been tested and function as claimed. They are a 65nm process and draw about 3.5W/Ghs. Once I have this contract SIGNED, sealed and delivered I will release all the information I am able. The contract has some stipulations about what can and can not be released.
I will provide what I am able to all vested shareholders at the appropriate time.
I have a firm price for the initial offering...I would prefer to get the remaining Moderator vote and just make a general statement at that time.
The contract is quite specific on the roll out date and what happens if the deadline is not met.
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Franktank
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August 17, 2013, 04:09:41 AM |
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what would be the initial price of the IPO, as well as the number of shares you are looking to sell it?
there seems to be a total of 500k shares in total. Not sure what the price is though. I wonder how they plan to have 10TH on line in two weeks... Meanwhile, currently at Alydian's offices... |
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TheSwede75
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August 17, 2013, 04:11:33 AM |
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what would be the initial price of the IPO, as well as the number of shares you are looking to sell it?
there seems to be a total of 500k shares in total. Not sure what the price is though. I wonder how they plan to have 10TH on line in two weeks... Meanwhile, currently at Alydian's offices... Ha ha ha |
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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August 17, 2013, 04:15:49 AM |
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I cant release specifics of the chips but can tell you yes..they have have been tested and function as claimed. They are a 65nm process and draw about 3.5W/Ghs. Once I have this contract SIGNED, sealed and delivered I will release all the information I am able. The contract has some stipulations about what can and can not be released.
I will provide what I am able to all vested shareholders at the appropriate time.
I have a firm price for the initial offering...I would prefer to get the remaining Moderator vote and just make a general statement at that time.
The contract is quite specific on the roll out date and what happens if the deadline is not met.
So we're not allowed to know how many shares will be released for the IPO, or at what price? Also, where are the pictures of the data center? |
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zif33rs (OP)
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August 17, 2013, 04:33:44 AM
Last edit: August 17, 2013, 08:21:19 AM by zif33rs |
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I apologize for holding so close to the vest..but this is a very serious deal and there are alot of players..if I release to much info I feel as it can cause problems. I am trying to be as transparent as possible but please understand the limits I am under without having this contract signed.
This is what I can tell you.
There will be 500,000 shares available..as per what I have posted. The initial price is going to be .28 per share. We are targeting the 10 terahash threshold as the minimum required to meet the go/no-go clause.
The Tier 3 data center will NOT be disclosed...ever. For obvious reasons. I will provide detailed information on the coming upgrade that will be required.
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redbeans2012
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August 17, 2013, 04:39:12 AM |
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I apologize for holding so close to the vest..but this is a very serious deal and there are alot of players..if I release to much info I feel as it can cause problems. I am trying to be as transparent as possible but please understand the limits I am under without having this contract signed.
This is what I can tell you.
There will be 500,000 shares available..as per what I have posted. The initial price is going to be .28 per share. We are targeting the 10 terahash threshold as the minimum required to meet the go/no-go clause.
The Tier 3 data center will NOT be disclosed...ever. For Obvious reason. I will provide detailed information on the coming upgrade that will be required.
We need one more vote! |
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Sou
Full Member
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Activity: 210
Merit: 100
(Bitcoin related text here)
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August 17, 2013, 04:44:51 AM |
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So 500k shares @0.28 BTC puts the evaluation around 140,000 BTC, or 14,000,000 USD. I do believe that's higher than the market cap of ActiveMining, Labcoin, and IceDrill.
Putting that out there just incase anyone was wondering.
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redbeans2012
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August 17, 2013, 04:49:53 AM |
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So 500k shares @0.28 BTC puts the evaluation around 140,000 BTC, or 14,000,000 USD. I do believe that's higher than the market cap of ActiveMining, Labcoin, and IceDrill.
Holy smokes. |
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Sou
Full Member
Offline
Activity: 210
Merit: 100
(Bitcoin related text here)
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August 17, 2013, 05:15:29 AM |
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After visiting http://alydian.co/inquire/ it appears that they are the ones offering the hosting, yes? So they are both developing the chips and hosting them? So this IPO is a group buy for alydian chips - or, so it seems. I also read in the description that of every 9 shares sold 1 will be held as a "founder's stake". That's 50,000 shares/14,000 BTC/ or 1,400,000 USD however you look at it. But Alydian will be the ones developing, and hosting the chips. I just want to make sure i have all this correct. |
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superduh
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August 17, 2013, 05:41:27 AM |
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After visiting http://alydian.co/inquire/ it appears that they are the ones offering the hosting, yes? So they are both developing the chips and hosting them? So this IPO is a group buy for alydian chips - or, so it seems. I also read in the description that of every 9 shares sold 1 will be held as a "founder's stake". That's 50,000 shares/14,000 BTC/ or 1,400,000 USD however you look at it. But Alydian will be the ones developing, and hosting the chips. I just want to make sure i have all this correct. yes |
ok
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hasher87
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August 17, 2013, 05:49:34 AM |
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After visiting http://alydian.co/inquire/ it appears that they are the ones offering the hosting, yes? So they are both developing the chips and hosting them? So this IPO is a group buy for alydian chips - or, so it seems. I also read in the description that of every 9 shares sold 1 will be held as a "founder's stake". That's 50,000 shares/14,000 BTC/ or 1,400,000 USD however you look at it. But Alydian will be the ones developing, and hosting the chips. I just want to make sure i have all this correct. yes your nick says it all  |
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zif33rs (OP)
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August 17, 2013, 05:51:38 AM
Last edit: August 17, 2013, 06:12:06 AM by zif33rs |
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Almost.
Not for chips..for working running terahash miners. That I believe will go live on the launch date from everything I have seen. And if not there is a very generous clause to make up the lost revenue.
While I would be deeply honored if this was to fund fully on such short notice I do not expect that to happen. I would however like very much to reach the threshold needed to make this happen and show you what I have in mind.
With that being said, the amount of shares and price set is what we feel the market is looking for.
As for the founders stake...yes. For every nine (9) shares sold one (1) share will be held as a founders share. This is going to cover the costs of well...everything. Administrative cost's, filing fee's, taxes...what ever the partnership needs to cover what is a time consuming endeavor. The acquisition of the new hosting facility and many other long term plans will all be facilitated by the administration of this founders fund.
Please understand that after 12 months..the miners will be looking for a new home. With this in mind it just makes sense that the fund setup and maintain its own equipment at some point.
I will have another update soon...thank you.
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TheSwede75
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August 17, 2013, 06:11:06 AM
Last edit: August 17, 2013, 06:23:16 AM by TheSwede75 |
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You are pricing the IPO at over 20 times what it costs to buy 10 TH from the supplier including hosting and all running costs? I'm sorry but are you quite mad?
Why would anyone in their right mind pay such such a violent premium for you to effectively do nothing and also pay you 10% for the privilege to do so?
That's an outrageous price even for mining operation, but you don't even run your own mining. You just contract it out by buying already running mining.
I can safely say that if the numbers you posted are indeed correct only a fool would buy shares.
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