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Author Topic: ### ANN FAS ### INSTANT ALTCOIN MINING ###  (Read 15494 times)
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SZZT
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February 09, 2014, 06:43:46 AM
 #81

@ fasbit

2nd IPO round will take place at market price on the IPO day?

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fasbit
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February 09, 2014, 06:45:48 AM
 #82

@ fasbit

2nd IPO round will take place at market price on the IPO day?

Yes... Feb 14th

./fasbit
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February 09, 2014, 06:57:26 AM
 #83

We're up to 0.000005 now. Definitely hitting 0.000010 within the next 72hrs
Look at the order history... BUY, BUY, BUY...last hour

./fasbit
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February 09, 2014, 06:59:34 AM
 #84

Hey Fasbit could you answer my question
Q: IF 10,000,000 shares were released and say you have 50M/hs paying those share will the future 10,000,000 shares released be dependent on you bring another 50M/hs online to ensure current shares are not diluted? (M/HS is just a random number)

If this is correct, you will have double the mining power on 14th than you do today? If so will you provide some type of proof?

The best place to research, discuss and launch Iconomi Funds ICONOMIFUNDS.COM

For unmoderated / uncensored Iconomi discussion: Unmoderated ICN Thread
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February 09, 2014, 07:00:55 AM
 #85

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?
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February 09, 2014, 07:02:48 AM
 #86

Hey Fasbit could you answer my question
Q: IF 10,000,000 shares were released and say you have 50M/hs paying those share will the future 10,000,000 shares released be dependent on you bring another 50M/hs online to ensure current shares are not diluted? (M/HS is just a random number)

If this is correct, you will have double the mining power on 14th than you do today?

no it seems like this come in batches. this is the first PIO aka first batch of miners. who ever investest here gets the share/dividient from here. lets say 20 mining rigs.

the next batch or the second round, will be for brand new rig and the share and divident will be made only by the second round rigs
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February 09, 2014, 07:06:01 AM
 #87

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

IIRC

Its an announcement for a security on cryptostocks. You will earn dividends based on the mining done by Fasbit INC.

C-Note is going to be the main medium used to for all Fasbit transaction, share purchases, ect...


The best place to research, discuss and launch Iconomi Funds ICONOMIFUNDS.COM

For unmoderated / uncensored Iconomi discussion: Unmoderated ICN Thread
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February 09, 2014, 07:06:23 AM
 #88

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

C-Note is a coin
Fasbit is a share

you can buy shares with c-note or btc

./fasbit
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February 09, 2014, 07:07:44 AM
 #89

Hey Fasbit could you answer my question
Q: IF 10,000,000 shares were released and say you have 50M/hs paying those share will the future 10,000,000 shares released be dependent on you bring another 50M/hs online to ensure current shares are not diluted? (M/HS is just a random number)

If this is correct, you will have double the mining power on 14th than you do today?

no it seems like this come in batches. this is the first PIO aka first batch of miners. who ever investest here gets the share/dividient from here. lets say 20 mining rigs.

the next batch or the second round, will be for brand new rig and the share and divident will be made only by the second round rigs

I doubt the shares will be separated to only earning dividends based on a set, set of rigs.

The best place to research, discuss and launch Iconomi Funds ICONOMIFUNDS.COM

For unmoderated / uncensored Iconomi discussion: Unmoderated ICN Thread
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February 09, 2014, 07:07:58 AM
 #90

Hey Fasbit could you answer my question
Q: IF 10,000,000 shares were released and say you have 50M/hs paying those share will the future 10,000,000 shares released be dependent on you bring another 50M/hs online to ensure current shares are not diluted? (M/HS is just a random number)

If this is correct, you will have double the mining power on 14th than you do today? If so will you provide some type of proof?

Yes... For now... dividends and photos

./fasbit
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February 09, 2014, 07:13:38 AM
 #91

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

C-Note is a coin
Fasbit is a share

you can buy shares with c-note or btc

But I don't see where to buy with c-note.
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February 09, 2014, 07:31:04 AM
 #92

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

C-Note is a coin
Fasbit is a share

you can buy shares with c-note or btc

But I don't see where to buy with c-note.

From other users, from what I read there is no exchange yet.

The best place to research, discuss and launch Iconomi Funds ICONOMIFUNDS.COM

For unmoderated / uncensored Iconomi discussion: Unmoderated ICN Thread
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February 09, 2014, 08:27:30 AM
 #93

On the vote, if the IPO flag is lowered what price would the new shares be sold at? Market or original IPO price?

The best place to research, discuss and launch Iconomi Funds ICONOMIFUNDS.COM

For unmoderated / uncensored Iconomi discussion: Unmoderated ICN Thread
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February 09, 2014, 09:58:44 AM
 #94

What i dont get.... You have 10 million shares at the lowest price possible... now ur gonna pay out dividends daily.. but how will you pay less than the lowest price dividend per share? Lowest dividend per share can only be equal to 0,000001 no?


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y3804
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February 09, 2014, 10:03:05 AM
 #95

Well dumpers will dump. We're down to 0.000002.

I'm in for the long run though
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February 09, 2014, 11:26:58 AM
 #96

I don't understand what is this, can somebody explain? And what is the relationship between it and c-note?

C-Note is a coin
Fasbit is a share

you can buy shares with c-note or btc

But I don't see where to buy with c-note.

From other users, from what I read there is no exchange yet.

Should be listed by Friday...I got a verbal from poloniex -dev last week....he's making some upgrades to accomodate the listing

./fasbit
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February 09, 2014, 11:33:27 AM
 #97

On the vote, if the IPO flag is lowered what price would the new shares be sold at? Market or original IPO price?

Market

./fasbit
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February 09, 2014, 12:52:48 PM
 #98

Price can NEVER go lower.

FANTASTIC  Grin


their shares maybe for now they can controll the price cap . later, once its opened to trade i believe share holders could sell it as they please. and if its not profitable probaby sell it lower.

I need to know what they think the return investment wil be like.


we need more info

This is true... if price goes from .00001 to .000005, obviously it can fall back to .00001.  But keep in mind, that no matter what, the price will still pay dividends. The more dividends we pay, the more desirable the shares.  But We have to balance that with long term profitability.
What are the dividend rates that you will be paying? Skeptical to invest due to lack of information.

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February 09, 2014, 03:42:34 PM
 #99

So if I submit a buy order now it won't be applicable until the 14th of February?

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February 09, 2014, 03:52:14 PM
 #100

Let me break down something for the shareholders (and the reason why I didn't invest).
It cost fasbit $1500 per 1 Mh/s.

10,000,000 shares at 0.000001 means he raised 10 BTC.
Let's say he already has the mining equipment ready, and that BTC was ~750 when he bought them (it's not now but w/e).

That means each 1 Mh/s cost 2 BTC = he has a total of 5 Mh/s to go to shareholders.

If you use something like leaserig.net (better return than multipool) then you can get maybe 0.018 BTC / MH/s / Day.

Times 5 = 0.09 BTC per day.
Now assume he keeps his end of the deal and pays out 90% then = 0.081 BTC / Day as dividends

Now divide that by 10,000,000 shares = 0.0000000081 BTC / Share / Day (less than 1 satoshi).

In order to get your money back per share, it will take:

123.46 days.

That's actually not as bad as I thought lol.
Plus you can always sell the share Smiley
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