[Cryptostocks]FAS - fasbit How's your math you made on the dividend ?

[thy]

New stocks seems to pop up almost everyday now on cryptostocks or at least every week, it wouldent hurt if the one behind the companys/stocks did communicate on the biggest bitcoin forum...

Fas - fasbit do have some communication over here http://behindthecoin.com/threads/201-Instant-GPU-mining-!!!-COMING-SOON?p=763#post763 but it wouldent hurt if you guys came here and explained things.

Cryptostock listing https://cryptostocks.com/securities/87
Why is there another, previous listing https://cryptostocks.com/securities/84 where you used another emailadress and intended to raise 100 btc 1 000 000 shares @ 0.0001 btc each in the first round of shares


Fas - fasbit did a IPO where they sold off 10 000 000 shares @ 0,000001 btc each with an Fee surcharge of 0.1% so they got in 10,01 btc on the first batch of shares.

They claim that there rigs with two  290x GPU's cost them 2,85 btc(even at the temporary low btc price of  710 usd per coin, thats 2020 usd) at current market price and each 290x hashing at 820kh so 1.64 Mh/rig and 2 850 000 shares per rig and people basically buying into already excisting and set up hardware.

Taking a look at pricerunner one sees that 290x is avaliable from 660 usd so PSU, MB and so would have to be 700 usd then per rig, sounds a bit expensive if the MB only should be able to handle 2 cards per rig and why invest in 290X in a big scale mining operation when for example 7970's is avaliable from under 400 usd each(60,5% of the 290X's price) and they seems to produce around 700-750 kh(85,5%-91,5% of the 290X's hashrate) so choosing 290X's for a mining operation on large scale dosent seem like a good ide.

They claim they perform better than alternatepool.com, multipool.us and so on.
They mentioned they would be paying out around 90%(before electricity and such costs) of the profits(generated coins)

Plugging in the numbers you get that each 1.64mhz rig should produce around
0,012269938 BTC a day mining LTC, ~4.3 0.43 satouchi per share and day even just mining Litecoins or for example
0,019751135 BTC a day mining DOGE, ~6.9 0.69 satouchi per share and day

EDIT missed a 0 there before

As far as i know cryptostocks allow dividends from 0,00000001 btc, 1 satouchi per share and up, still FAS - fasbit claim they cant pay out dividend more than every other day due to "...need to accumulate dividends" to come up to the minimum threshold so that must mean they intend to pay out just 0,00000001 btc, 1 satoush every 2 days at current profitabillityi witch should be way less less than 10% of what they generate no matter what GPU's they use and coins they mine if they have any resonable efficiency like they claim ?

[fasbit]

New stocks seems to pop up almost everyday now on cryptostocks or at least every week, it wouldent hurt if the one behind the companys/stocks did communicate on the biggest bitcoin forum...

Fas - fasbit do have some communication over here http://behindthecoin.com/threads/201-Instant-GPU-mining-!!!-COMING-SOON?p=763#post763 but it wouldent hurt if you guys came here and explained things.

Cryptostock listing https://cryptostocks.com/securities/87
Why is there another, previous listing https://cryptostocks.com/securities/84 where you used another emailadress and intended to raise 100 btc 1 000 000 shares @ 0.0001 btc each in the first round of shares


Fas - fasbit did a IPO where they sold off 10 000 000 shares @ 0,000001 btc each with an Fee surcharge of 0.1% so they got in 10,01 btc on the first batch of shares.

They claim that there rigs with two  290x GPU's cost them 2,85 btc(even at the temporary low btc price of  710 usd per coin, thats 2020 usd) at current market price and each 290x hashing at 820kh so 1.64 Mh/rig and 2 850 000 shares per rig and people basically buying into already excisting and set up hardware.

Taking a look at pricerunner one sees that 290x is avaliable from 660 usd so PSU, MB and so would have to be 700 usd then per rig, sounds a bit expensive if the MB only should be able to handle 2 cards per rig and why invest in 290X in a big scale mining operation when for example 7970's is avaliable from under 400 usd each(60,5% of the 290X's price) and they seems to produce around 700-750 kh(85,5%-91,5% of the 290X's hashrate) so choosing 290X's for a mining operation on large scale dosent seem like a good ide.

They claim they perform better than alternatepool.com, multipool.us and so on.
They mentioned they would be paying out around 90%(before electricity and such costs) of the profits(generated coins)

Plugging in the numbers you get that each 1.64mhz rig should produce around
0,012269938 BTC a day mining LTC, around 4.3 satouchi per share and day even just mining Litecoins or for example
0,019751135 BTC a day mining DOGE, ~6,9 satouchi per share and day

As far as i know cryptostocks allow dividends from 0,00000001 btc, 1 satouchi per share and up, still FAS - fasbit claim they cant pay out dividend more than every other day due to "...need to accumulate dividends" to come up to the minimum threshold so that must mean they intend to pay out just 0,00000001 btc, 1 satoush every 2 days at current profitabillityi witch should be way less less than 10% of what they generate no matter what GPU's they use and coins they mine if they have any resonable efficiency like they claim ?

0- Fasbit is a legitimate business.  You have 0% evidence to cast aspersion.
1- First of all - my rigs are in an office building with AC load requirements., not in my bedroom.  It costs more.  I have to add AC and electrical as part of the hardware cost.  Also server chassis cases cost $100, and extra fans.  So..if you can do it cheaper.. go ahead..start your own mining operation.
2 - I have to pay electrical cost...its not free.    .09/kw/h.  
3 - I have office rent
4 - I have to make a profit.
5 - I have to allow for hardware depreciation.
6 - Battery Back up costs more.
7 - You are correct that .00000001 as minimum share dividend.  Do the math .1 / 10,000,000 = viola  .00000001.
8- I do not make as much per mh/s when the rigs are in chasis... I run them at about 75% of what they could do.
9- I typically drag in .014 BTC / mh/s per day +/-
10 - I set up hardware to deliver on promise of instant GPU mining.
11- This service is designed for people who want a regular return without the mining equipment.  That is what I will deliver.  And the returns will beat cex.io.

[thy]

New stocks seems to pop up almost everyday now on cryptostocks or at least every week, it wouldent hurt if the one behind the companys/stocks did communicate on the biggest bitcoin forum...

Fas - fasbit do have some communication over here http://behindthecoin.com/threads/201-Instant-GPU-mining-!!!-COMING-SOON?p=763#post763 but it wouldent hurt if you guys came here and explained things.

Cryptostock listing https://cryptostocks.com/securities/87
Why is there another, previous listing https://cryptostocks.com/securities/84 where you used another emailadress and intended to raise 100 btc 1 000 000 shares @ 0.0001 btc each in the first round of shares


Fas - fasbit did a IPO where they sold off 10 000 000 shares @ 0,000001 btc each with an Fee surcharge of 0.1% so they got in 10,01 btc on the first batch of shares.

They claim that there rigs with two  290x GPU's cost them 2,85 btc(even at the temporary low btc price of  710 usd per coin, thats 2020 usd) at current market price and each 290x hashing at 820kh so 1.64 Mh/rig and 2 850 000 shares per rig and people basically buying into already excisting and set up hardware.

Taking a look at pricerunner one sees that 290x is avaliable from 660 usd so PSU, MB and so would have to be 700 usd then per rig, sounds a bit expensive if the MB only should be able to handle 2 cards per rig and why invest in 290X in a big scale mining operation when for example 7970's is avaliable from under 400 usd each(60,5% of the 290X's price) and they seems to produce around 700-750 kh(85,5%-91,5% of the 290X's hashrate) so choosing 290X's for a mining operation on large scale dosent seem like a good ide.

They claim they perform better than alternatepool.com, multipool.us and so on.
They mentioned they would be paying out around 90%(before electricity and such costs) of the profits(generated coins)

Plugging in the numbers you get that each 1.64mhz rig should produce around
0,012269938 BTC a day mining LTC, around 4.3 satouchi per share and day even just mining Litecoins or for example
0,019751135 BTC a day mining DOGE, ~6,9 satouchi per share and day

As far as i know cryptostocks allow dividends from 0,00000001 btc, 1 satouchi per share and up, still FAS - fasbit claim they cant pay out dividend more than every other day due to "...need to accumulate dividends" to come up to the minimum threshold so that must mean they intend to pay out just 0,00000001 btc, 1 satoush every 2 days at current profitabillityi witch should be way less less than 10% of what they generate no matter what GPU's they use and coins they mine if they have any resonable efficiency like they claim ?

0- Fasbit is a legitimate business.  You have 0% evidence to cast aspersion.
1- First of all - my rigs are in an office building with AC load requirements., not in my bedroom.  It costs more.  I have to add AC and electrical as part of the hardware cost.  Also server chassis cases cost $100, and extra fans.  So..if you can do it cheaper.. go ahead..start your own mining operation.
2 - I have to pay electrical cost...its not free.    .09/kw/h. 
3 - I have office rent
4 - I have to make a profit.
5 - I have to allow for hardware depreciation.
6 - Battery Back up costs more.
7 - You are correct that .00000001 as minimum share dividend.  Do the math .1 / 10,000,000 = viola  .00000001.
8- I do not make as much per mh/s when the rigs are in chasis... I run them at about 75% of what they could do.
9- I typically drag in .014 BTC / mh/s per day +/-
10 - I set up hardware to deliver on promise of instant GPU mining.
11- This service is designed for people who want a regular return without the mining equipment.  That is what I will deliver.  And the returns will beat cex.io.

  What do you mean by i have no evidence, all i said is based on what you yourself said in you contract/listings, your announcements and your "Forum" so if you told the truth then every number i mentioned is correct...

Slightly over 1 satoushi per share every 2 days seems to be a resonable return, IPO price may not have been the most thought throu  If you intended to pay dividend every day, as a large part of it may dissapear in network fees, exchange fees and cryptostocks fees unless the mining operation is 10-100 times bigger than the current IPO has sold sofar or you may keep a small buffer at Cryptostocks for a couple of dividends at a time to reduce fees on transfering around small amounts each day.

[nwfella]

And poof!  fasbit MIA yet again.  I'm now wondering if he will show up in a few days, post some minor dividend and make up some other sort of excuse as to why he couldn't get "on the line".  Absolutely ridiculous.  Save your money.  Don't invest in: fas, fasbit, or grid shares.

[drakoin]

The trading of FAS and GRID has come to a complete halt - for many reasons yes.
But also because of the 0.000001 constraint at cryptostocks.com - 100 Satoshi is the minimum, really stupid.
The buy order book is empty because no one can make an offer for e.g. 50 Satoshi.

If trading resumed, this stock could become interesting again.
And if not, it's dead anyways.

I just had this idea:

What about creating two new stocks FAS1000 and GRID1000,
and somehow convert all old stocks FAS into the new ones FAS1000 ?

So:
For each 1000 FAS that I own, I would get 1 FAS1000.
For each 1000 GRID that I own, I would get 1 GRID1000.

Is that possible?
What would have to be done for that?


Or is it even possible without the need for new stocks FAS1000 and GRID1000,
and instead do this re-valuation for the existing FAS and GRID?

Thanks for your attention, ideas, input.

:-)

http://gridasics.proboards.com/thread/37/fas-grid-shares-fas1000-grid1000

[nwfella]

fasbit is a legitimate business you have 0 reason to cast aspersion.

OMG, these freaking scam artists really piss me off I have to say.  I honestly thought this guy would be different but no, he's just a baby wanna-be Karpeles imho.

I doubt he'll even go so far as to give his shareholders a courtesy, thanks for the support, here's your final 1 satoshi dividend.  This guys modus operandi will more likely than not be 'no vaseline'