We may soon have a 25% voucher off our next BFL order. I'm trying to attract investment from someone to pre-order us a 50(GH/s)SC which I may match their investment. I put forward the idea of 25% off our next order as a deal sweetener. So instead of paying $5,000 for two 50(GH/s)SC's we only need $3,750 of investment for $5,000 of ASIC's but $5,000 of new shares will still be issued. If this deal goes through we'd be at 280(GH/s) or even after the new shares issued 4.158164843(MH/s)per share. Instead of the current 2.818445158(MH/s)per share we're at now. A motion can be arranged if needed but with an increase in (MH/s)per share of 68% even after new shares are issued it should be a no brainer. As even tho new shares will be issued your (MH/s)per share will increase by 68%. Tho we wont have the extra 100(GH/s) until October according to BFL.
We get 25% off our next order so if we can attract any more investment to get a third 50(GH/s)SC you could also profit from the 25% discount with an additional investment. So let me know if you're interested or know anyone else who may be.
Topic: [796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)] - page 19. (Read 120478 times)
July 09, 2013, 09:52:13 AM
July 08, 2013, 09:35:57 AM
Quote
https://forums.butterflylabs.com/bfl-forum-miscellaneous/3703-josh-its-time-update-bfl-asic-status.html#post45852
Not sure what there is to update that hasn't been updated. We are shipping products daily. We've shipped more product than any other ASIC vendor, with the possible exception of the Block Eruptors, since I don't know how many of those shipped exactly.
I don't have exact numbers of what units went out on what day. Here's just one rack from yesterday that the crew assembled, these are waiting for packaging. There is several more racks either fully assembled or partially assembled or waiting for burn testing.
There's singles and little singles burning in or being assembled and there's minirigs being assembled or burning in as well. That's pretty much the same update for the next couple months.
I did talk to suppliers and ran some calculations. With the current order book up to today, I expect it to be filled by the end of September. I'm not sure what order number we'll get up to by the end of August, but we'll be pretty far into it by then. I'll probably have a better idea by the middle of this month.
Not sure what there is to update that hasn't been updated. We are shipping products daily. We've shipped more product than any other ASIC vendor, with the possible exception of the Block Eruptors, since I don't know how many of those shipped exactly.
I don't have exact numbers of what units went out on what day. Here's just one rack from yesterday that the crew assembled, these are waiting for packaging. There is several more racks either fully assembled or partially assembled or waiting for burn testing.
There's singles and little singles burning in or being assembled and there's minirigs being assembled or burning in as well. That's pretty much the same update for the next couple months.
I did talk to suppliers and ran some calculations. With the current order book up to today, I expect it to be filled by the end of September. I'm not sure what order number we'll get up to by the end of August, but we'll be pretty far into it by then. I'll probably have a better idea by the middle of this month.
July 07, 2013, 10:14:02 AM
Quick update: I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday. So a rapid motion may be required over the weekend. I'll keep you's updated.
Nice news.
Unfortunately we could not negotiate a profitable price for us. So it looks like we'll have to wait for our SC's. Today the 7th of July is now a year and a day since we pre-ordered our first SC. In some other news we may have an investor who wants to put ~£1,500 into RSM. I told them if they pre-order us a 50(GH/s) SC that we could issue them shares of its value. I may try to match their investment. Then all the coins would probably be parked at a known wallet address. Then saved until either BFL are shipping next day, KNCMiner have a working prototype or that new UK cheap 65nm ASIC's are shipping.
July 07, 2013, 02:58:50 AM
Quick update: I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday. So a rapid motion may be required over the weekend. I'll keep you's updated.
Nice news.
July 04, 2013, 06:33:16 PM
Quick update: I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday. So a rapid motion may be required over the weekend. I'll keep you's updated.
July 03, 2013, 06:15:41 AM
Well this Sunday (7th) will be a year and a day since we pre-ordered our first SC. Still no new news from BFL but I'm very hopefully we'll start hashing (again) very soon.
July 02, 2013, 01:09:05 PM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out.
For those unsure on how we plan to grow RSM. As stated in the contract we'll be reinvesting over 90% of profits into buying more ASIC's. That is how we plan to grow RSM organically. Rather than through issuing new shares for fundraising.
I'm guessing that's what he was actually referring too.
either way thanks for the good work mathewh3 long may it stay that way.
July 02, 2013, 11:54:51 AM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out.
For those unsure on how we plan to grow RSM. As stated in the contract we'll be reinvesting over 90% of profits into buying more ASIC's. That is how we plan to grow RSM organically. Rather than through issuing new shares for fundraising.
July 01, 2013, 12:11:33 AM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out.
Sounds good.
If you had enough to order another SC or possibly the KNCMiner we could issue you shares of its value. Tho that the finale decision may go down to a motion.
June 30, 2013, 04:17:09 PM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out.
Sounds good.
June 30, 2013, 04:16:26 PM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
RSM is not fundraising any more we finished the IPO over a year ago. The only reason we still remain publicly listed is to enable early investors to cash out.
June 30, 2013, 04:13:35 PM
I want to invest a nice chunk into RSM, but can you give me one solid reason why I should?
June 30, 2013, 11:52:34 AM
So BFL have shipped all Jalapenos pre-orders up to September 14th 2012 and now they've started shipping little SC's which were all pre-ordered many months after our three pre-orders. Yet still no news on our July 7th SC pre-ordered. I'm very frustrated with BFL and think SC pre-orders have been dealt with unfairly. I have emailed them but think our first board will be hashing before they reply. I do have my fingers crossed that we'll be hashing next week.
June 29, 2013, 03:48:58 PM
"Nasty Mining" have received tracking codes for there SC's but not received them yet AFAIK. Our first pre-order is about two weeks down the cue from Nastys but as BFL are hosting our boards we'll have no shipping time to wait. As soon as I receive any info I will make it public pronto.
Thank you Matthew.
June 29, 2013, 02:29:22 PM
"Nasty Mining" have received tracking codes for there SC's but not received them yet AFAIK. Our first pre-order is about two weeks down the cue from Nastys but as BFL are hosting our boards we'll have no shipping time to wait. As soon as I receive any info I will make it public pronto.
June 29, 2013, 02:21:35 PM
Any news? Are the miners on their way? 
June 24, 2013, 04:55:47 PM
How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
The discount codes are worth $2,000 and 100 chips is the minimum purchase. If we can find a group buy project for devices built from BFL chips I would prefer to put them into one. Where we swap our 80 chip codes for a device with 40 chips. So can investors please keep an eye for such a project. Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC. As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy. So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC. The project would also get 20 free chips out of the deal. So please keep an eye for such a BFL chip build/buy project.
Just doing some math here. 100 chips minimum order. 80 discounted chips ($50/chip); 20 Full price chips ($75/chip).
Chip costs approximately $5,000.
Assume that we can get devices to house 100 chips for $2,000 ($20 chip slot).
Total Capital Needs $7,000
@$100/1BTC
70 BTC needed.
Issue 140 .5BTC bonds.
Pay intrest on bonds out of future profits. In the end RSM ends up with +400GH/s
RSM is not issuing any more shares or doing any more fundraising. If we can trade our chips into a BFL chip build project we will. If we can't then the codes will be sold. Do tho all please keep your ears to the ground for any BFL chip build projects that we could use our chip codes in. If we could get a device built for us to use the chip codes we could use funds from the reinvestment fund rather than issuing new shares or bonds to fund the project.
June 24, 2013, 04:42:36 PM
How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
The discount codes are worth $2,000 and 100 chips is the minimum purchase. If we can find a group buy project for devices built from BFL chips I would prefer to put them into one. Where we swap our 80 chip codes for a device with 40 chips. So can investors please keep an eye for such a project. Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC. As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy. So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC. The project would also get 20 free chips out of the deal. So please keep an eye for such a BFL chip build/buy project.
Just doing some math here. 100 chips minimum order. 80 discounted chips ($50/chip); 20 Full price chips ($75/chip).
Chip costs approximately $5,000.
Assume that we can get devices to house 100 chips for $2,000 ($20 chip slot).
Total Capital Needs $7,000
@$100/1BTC
70 BTC needed.
Issue 140 .5BTC bonds.
Pay intrest on bonds out of future profits. In the end RSM ends up with +400GH/s
June 24, 2013, 09:57:27 AM
How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
The discount codes are worth $2,000 and 100 chips is the minimum purchase. If we can find a group buy project for devices built from BFL chips I would prefer to put them into one. Where we swap our 80 chip codes for a device with 40 chips. So can investors please keep an eye for such a project. Even if we only get a 20 chip device for our 80 chips discount codes I would prefer to do that then sell them for $1,000 of BTC. As a 20 chip device should give us an extra 100(GH/s) which would cost us $4,000 to buy. So getting a $4,000 ASIC would be a better deal than selling the chip codes for $1,000 of BTC. The project would also get 20 free chips out of the deal. So please keep an eye for such a BFL chip build/buy project.
June 24, 2013, 09:39:12 AM
How much would it cost for RSM to buy up all these chips directly. If it's above our current finances should we consider offering a bond on BTCT for purchase of these chips? This would give us some significant hashing power and a long term hashing solution.
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