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fasbit (OP)
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February 08, 2014, 05:52:53 PM
Last edit: November 17, 2014, 03:50:40 AM by fasbit |
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 You can't mine it directly. But you can mine it indirectly. You can buy it with C-Note or BTC. You can buy / sell or trade it. You can even buy and sell options on its movement. IPO Price is .000001 < Price can NEVER go lower. BUY / SELL Options... make money if it goes down! BUY SELL TRADE SHARES: http://goo.gl/YwH2oyABOUT C-NOTE: http://goo.gl/cmP8M7*** This is a self moderated Topic **** I welcome any real criticism and real commentary. No comments will be deleted unless they are so TROLLERIFIC that they just don't belong on the thread. Track Your Shares Here CryptoFrenzy.comAuction Site: http://goo.gl/8AcwTL |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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fasbit (OP)
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February 08, 2014, 08:53:29 PM |
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We sold two million shares in two hours...
What are you waiting on? A sign from the gods??
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fasbit (OP)
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February 08, 2014, 08:55:19 PM |
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Fire up your CPU miner.. to C-Notes >> trade them in for GPU auto mining...Daily dividends
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albertdros
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February 08, 2014, 09:04:09 PM |
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interesting concept. Bought some.
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blueangel01
Sr. Member
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Activity: 406
Merit: 250
Hello! Send me a message.
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February 08, 2014, 09:08:30 PM |
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so... what are the future developments for the fastbit?
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Msg me if you want me to put anything here.
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bitwho
Legendary
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Activity: 1274
Merit: 1000
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February 08, 2014, 09:12:57 PM |
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Whats the ROI
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userpacman
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February 08, 2014, 09:15:29 PM |
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Price can NEVER go lower. FANTASTIC  |
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Zukii
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February 08, 2014, 09:20:13 PM |
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The purpose of raising the funds is to purchase more mining and cooling hardware. Each 1mh/s mining rig, properly contained and properly cooled costs nearly $1500 USD This seems high for 1mh/s... How do you come to this figure? |
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bitwho
Legendary
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Activity: 1274
Merit: 1000
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February 08, 2014, 09:22:27 PM
Last edit: February 08, 2014, 09:41:37 PM by bitwho |
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Price can NEVER go lower. FANTASTIC 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 |
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fasbit (OP)
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February 08, 2014, 10:23:58 PM |
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so... what are the future developments for the fastbit?
Short term > all hardware and mining Midterm > next currency > pegged to fiat (in the works) |
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fasbit (OP)
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February 08, 2014, 10:25:09 PM |
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Whats the ROI
ROI = Return on Investment or (ROIC = Return on invested capital) |
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fasbit (OP)
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February 08, 2014, 10:39:20 PM |
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Price can NEVER go lower. FANTASTIC 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. |
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fasbit (OP)
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February 08, 2014, 10:42:24 PM |
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The purpose of raising the funds is to purchase more mining and cooling hardware. Each 1mh/s mining rig, properly contained and properly cooled costs nearly $1500 USD This seems high for 1mh/s... How do you come to this figure? It is higher than a home rig. Our cost is higher because we have battery back up, and they are in server chasis. Each chasis has 7 internal fans....and we have portable AC units to blow cold air... we consider the AC units part of the hardware cost... |
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fasbit (OP)
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February 08, 2014, 10:49:37 PM |
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interesting concept. Bought some.
Thanks! Buy some more! There are alot of people who will double or triple their investments. Personally Im not a speculator, but my advice would be buy as many at .000001 as you can and HOLD. It will be tempting to sell at .000005 for a quick profit.... but i think this those people will regret it... The market is real jittery right now... people want a safe spot to store their hard earned money... |
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Mivexil
Member
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Activity: 112
Merit: 10
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February 08, 2014, 10:54:56 PM |
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Quoted from the other forum: Dividends will be paid daily after first IPO round is completed. Since kh/s and mh/s fluctuate so much, it would be easier to calculate it in "shaders" or stream processors. At the moment, We set our AMD 290x GPU's of 2816 shaders to about 820 kh/s, we could go higher but overheating is a real issue since these rigs are contained in a server rack. You can do a rough calculation that that one fully cased and cooled rig of 5632 shaders (2 - 290x GPU's) will produce about 1.6mh/s, will cost us about 2.85 BTC on today's market. So, one share at .000001 BTC wouldn't get you much in the way of hash power. However, 2.85 BTC (2.85 million shares) would get you the profit from 1.6mh/s. Im thinking about paying out 90% of the profits at first. If I loose money, I will reduce the percentage until there is a profit and I can replace broken hardware pay the electric bill etc. So, 2.85BTC (around 2000$) nets you 1.6mh/s. If it's pointed at some super-explosive coin, it can net a nice profit. If it were pointed at DOGE right now, according to coinwarz, estimated ROI would be around 4 months. Litecoin - about eight months. Are you going to take risks with just-launching coins, or just point it at a multipool? |
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albertdros
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February 08, 2014, 10:56:07 PM |
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interesting concept. Bought some.
Thanks! Buy some more! There are alot of people who will double or triple their investments. Personally Im not a speculator, but my advice would be buy as many at .000001 as you can and HOLD. It will be tempting to sell at .000005 for a quick profit.... but i think this those people will regret it... The market is real jittery right now... people want a safe spot to store their hard earned money... lets not get ahead of ourselves. |
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samcornwell
Newbie
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Activity: 55
Merit: 0
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February 08, 2014, 10:58:20 PM |
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This sort of coin release looks nothing short of a ponzi scheme. What the hell guys? The crypto coin isn't about making a quick buck here and there, it's something much more than that.
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Mivexil
Member
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Activity: 112
Merit: 10
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February 08, 2014, 10:59:40 PM |
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This sort of coin release looks nothing short of a ponzi scheme. What the hell guys? The crypto coin isn't about making a quick buck here and there, it's something much more than that.
Uh, what? It's a share release, like cex.io, but pointed at Scrypt coins. Why the hell would that be a Ponzi scheme? |
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fasbit (OP)
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February 08, 2014, 11:09:26 PM |
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Quoted from the other forum: Dividends will be paid daily after first IPO round is completed. Since kh/s and mh/s fluctuate so much, it would be easier to calculate it in "shaders" or stream processors. At the moment, We set our AMD 290x GPU's of 2816 shaders to about 820 kh/s, we could go higher but overheating is a real issue since these rigs are contained in a server rack. You can do a rough calculation that that one fully cased and cooled rig of 5632 shaders (2 - 290x GPU's) will produce about 1.6mh/s, will cost us about 2.85 BTC on today's market. So, one share at .000001 BTC wouldn't get you much in the way of hash power. However, 2.85 BTC (2.85 million shares) would get you the profit from 1.6mh/s. Im thinking about paying out 90% of the profits at first. If I loose money, I will reduce the percentage until there is a profit and I can replace broken hardware pay the electric bill etc. So, 2.85BTC (around 2000$) nets you 1.6mh/s. If it's pointed at some super-explosive coin, it can net a nice profit. If it were pointed at DOGE right now, according to coinwarz, estimated ROI would be around 4 months. Litecoin - about eight months. Are you going to take risks with just-launching coins, or just point it at a multipool? Since I now have the stress of keeping investors happy...instead of just keeping myself happy...I'm thinking of a mix... kind of like a stock portfolio... so...maybe DOGE might be in the mix... never a switching pool...(I will be your switching pool) I generally only switch it up once a day anyway... maybe 20%-35% power at the upstarts... Im after solid returns... so throwing too much at the "Whipper Snappers" may be too risky...and certainly trying to ditch the coins on the small upstart markets where alot of the new coins are sold....is a nail biter all of its own.... Honestly I don't really know.... I may "mine by sense of smell" |
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fasbit (OP)
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February 08, 2014, 11:15:35 PM |
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This sort of coin release looks nothing short of a ponzi scheme. What the hell guys? The crypto coin isn't about making a quick buck here and there, it's something much more than that.
I agree that its about "something more"...There will be some people who do sell their shares quick...and that is fine.... the ones who stay in long term will gain the most... This is a service to keep you from having to go through all that BS involved in mining... some people don't want a hot rig in their house... this is for them.... If a few speculators make a quick buck... well good for them too... |
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