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bitwho
Legendary
 Offline
Activity: 1274
Merit: 1000
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January 29, 2014, 06:52:20 AM |
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so they have to make 220 million dollar sale for you to get ROI of your shares? and this is only for FIB.HW. which means only hard ware sales. in 3 months from now....
FIB.SITE shares are not included right?
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Eastwind
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January 29, 2014, 10:36:34 AM |
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the more shares you the faster is the roi
sry but thats wrong. thats completly independent of how many shares you buy. and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only. I think your original interpretation was right. If they generate $200M INCOME (revenue) for hardware sale, 5% of the income will be distributed to HW shareholders. That is $10M. Divide that with 0.2M shares, that is $50 per share. I doubt they can sell $200M without causing huge difficulty rise. If we approximate that each chip as 1MH/s, the price is for $500/MH/s, they will sell 400 k chips. That is 400k *1MH/s, or 400GH/s. The net work hash rate is less than 150GH/s at the moment. The difficulty will at least double. There are other ASIC manufacturers as well. |
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anderl
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January 29, 2014, 12:13:41 PM |
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the more shares you the faster is the roi
sry but thats wrong. thats completly independent of how many shares you buy. and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only. I think your original interpretation was right. If they generate $200M INCOME (revenue) for hardware sale, 5% of the income will be distributed to HW shareholders. That is $10M. Divide that with 0.2M shares, that is $50 per share. I doubt they can sell $200M without causing huge difficulty rise. If we approximate that each chip as 1MH/s, the price is for $500/MH/s, they will sell 400 k chips. That is 400k *1MH/s, or 400GH/s. The net work hash rate is less than 150GH/s at the moment. The difficulty will at least double. There are other ASIC manufacturers as well. This smells so much like preorders but the shareholder is put in a bigger hole than pre-ordering from alpha tech. You would have to wait until the Company generated 200 million in profits just to break even. Meanwhile the Company is making money hand over fist from mining LTC. So the contract you buy acts as seed money-grubbing them to stay up a hosting environment. Now the question is.... Does "sell" include units the Company buy for itself? If no, then the Company could buy up is own units and operate them and shareholders do not make a dime. Way to go Jansilee. You've taken scam to a whole new level. |
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jasinlee (OP)
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January 29, 2014, 12:43:23 PM |
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FiatKiller
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January 29, 2014, 02:25:57 PM |
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I got 5 shares for hahas. This is all a guessing game/gamble anyways. ;-)
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Tomatocage
Legendary
Offline
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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January 30, 2014, 04:56:36 PM |
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Can we get a confirmation from jasinlee that this site is legit? |
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FiatKiller
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January 30, 2014, 05:02:33 PM |
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Can we get a confirmation from jasinlee that this site is legit? Wow, that would be a genius scam idea! lol But if you look at the litecointalk thread - he does post after someone mentions it and does not say anything about it, so I would assume we are safe. :-D |
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jasinlee (OP)
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January 30, 2014, 05:10:47 PM |
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This is a result of people jumping the gun, we do own both, and they are both legit. The http will soon no longer function.
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FiatKiller
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January 30, 2014, 05:16:35 PM |
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This is a result of people jumping the gun, we do own both, and they are both legit. The http will soon no longer function.
So the shares already bought are safe? |
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jasinlee (OP)
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January 30, 2014, 05:19:31 PM |
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Yes, we didnt realize people would figure out the https version of the site and http were different. But whatever, we will fix the bugs as we go and they will have to live with a couple of silly things we are not done with yet.
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Tomatocage
Legendary
Offline
Activity: 1554
Merit: 1222
brb keeping up with the Kardashians
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January 30, 2014, 05:34:30 PM |
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Yes, we didnt realize people would figure out the https version of the site and http were different. But whatever, we will fix the bugs as we go and they will have to live with a couple of silly things we are not done with yet.
I was about to purchase some shares. Should I hold off on funding the address I was given? |
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jasinlee (OP)
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January 30, 2014, 05:53:16 PM |
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That is fine just bear in mind there are some bugs. Our system is documenting everything accurately but on the users end there are some bugs.
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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February 04, 2014, 10:28:08 PM |
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That is fine just bear in mind there are some bugs. Our system is documenting everything accurately but on the users end there are some bugs.
Thank you for clarifying the http/https discrepancy. I hope this project works out. |
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jasinlee (OP)
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February 05, 2014, 12:11:19 AM |
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Oh it will.
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corygto
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February 06, 2014, 12:47:21 AM |
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Very excited about this. It will be so nice to mine without the ridiculous heat/noise/space/power consumption issues! I can't wait till preorders open up  |
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OleOle
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February 08, 2014, 03:27:23 PM |
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Just checked out the site, looks good. Looking forward to seeing how things progress.  |
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kadrek
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February 15, 2014, 06:14:54 AM |
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Are there prices anywhere? When will they be shipping?
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SWIPE │ │ │ Monetizing mobile engagement data, on the blockchain [ SWIPE . WHITEPAPER ] TELEGRAM TWITTER MEDIUM REDDIT |
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FiatKiller
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February 15, 2014, 11:27:36 AM |
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Are there prices anywhere? When will they be shipping?
Site is not officially online yet. We just discovered it while they were still working on it. Also, they will be hosting the units and not shipping them till their competitors are shipping so as to avoid reverse engineering as long as possible. It's looking like the timing will be the worst possible for us with BTC/LTC being in a valley. It will cost us a lot more coins per unit then it would have a month ago. :-( Going to hurt their orders. |
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sQueeZer
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February 15, 2014, 12:49:17 PM |
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So they have to overthink their pricing! Nobody needs investments with such a high risk!
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