Topic: [ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated] - page 241. (Read 771288 times)

Why don't you quote the second part of my post you fuckin donut.

'However with all that being said - lets not get ahead of ourselfs. We still have no chips and no proof of hardware being shipped.
Also 7% of the market would be great but it is far far off - But not impossible if we do get chips and use the funds that we have at our disposal. As Ken has said he wants to make the biggest mining farm in the world. If he will is debatable, but at least we know that when he has the hardware at his disposal he will go all out to take a huge chunk of what will be soon a multi billion dollar mining market.'

If you are correct, I'll give you ten bucks.

Yes you are absolutely correct, that is 1.85 Bill USD - why wouldn't a business running the largest BTC mining farm in the world have a Market Cap of 1.85 Bill USD? ACtM would be considered a 'Small Cap' company at that level.

Let's look at the recent example of Twitter with a Market Cap of 26 Bill USD - that's 14X the above estimated valuation for ACtM. Twitter forecast profits are estimated to be 200Million USD in 2015. (This year and next they are expected to make a loss.) Earnings per share are expected to be 0.17 USD in 2015, so you could expect a dividend payment of 0.1 USD per share. ACtM will be paying out 0.71USD per share in month 1.

So Twitter would have 14X our Market Cap yet paying out in 2015 just 1/84th what ACtM will in divs in year 1. I think that suggests a Market Cap of 1.85Bill USD is actually conservative.



Lets look at it from another direction - ACtM can generate 130,000 BTC (10% of annual total) in the first year if we start hashing at 8% of network with 40 machines and build on that up to 12%+ of total network by year end. The maths I posted prove we have the opportunity to do that with cost price chips from eASIC and a cutting edge 24.5TH/s rack miner.
130,000 at 2k is 260Million dollars from the farm. We add 40Mill in chip and miner profits to reach 300Mill revenue in year 1 with 150Million paid out in divs.


So let's calculate Dividend Yield from that estimate. 0.0073519/0.037X100=19.87%
You will get only 6% Dividend Yield on average from any SP500 company with a similar Market Cap (around 2BillUSD).

These are the figures you need to explore. You can't just say 'Oh that sounds unreasonable' and dismiss estimates based on your prejudices. A Dividend Yield of close to 20% is exceptional for any Small Cap company.

This is not your normal company. Its a bitcoin mining company. With the price of bitcoin going up of course the company could be valued at that. This is not something the markets have ever seen before. People within the bitcoin space will see ACTM as a solid investment.
As said before Snapchat and Facebook have valuations of billions. If you think Bitcoin has a positive future then why shouldnt a mining company with 7% of the market not be valued in such a way?

However with all that being said - lets not get ahead of ourselfs. We still have no chips and no proof of hardware being shipped.
Also 7% of the market would be great but it is far far off - But not impossible if we do get chips and use the funds that we have at our disposal. As Ken has said he wants to make the biggest mining farm in the world. If he will is debatable, but at least we know that when he has the hardware at his disposal he will go all out to take a huge chunk of what will be soon a multi billion dollar mining market.

Agreed. I believe this was Ken's way of telling us that we are going to be knocking out some of the most ground breaking bitcoin mining machines ever seen with out trying to give too much away to our competitors.

Ken isn't just 'the boss' he's 'a boss' and will make himself and others very wealthy if they are prepared to hold on for the ride.

And SnapChat turned down $3,000,000,000.00 from Facebook and $4,000,000,000.00 from Google.

We don't know this. We don't even know if it is indeed real or what it is.

yeah sounds so plausible for a company of 4 people.

Seeing some good news on the forum these passed few days. Digging it.

Upon further review, you are correct:


I don't believe I'll be talking about this on a public forum anymore in respect of Ken's wishes. I'm satisfied that Intellihash is real and will be very good for our miners.

except Ken has explicitly said that the chips will be late due to alterations needed for Intellihash. He has also said that Intellihash could be a game changer for ActM, I don't thin he would use this language lightly in a formal update about the company.

Did you read that old KnC article? They got their 30% performance boost from cgminer tweaking. If this is the case, then the delay with the chips is unrelated to the Intellihash development.

I want Active to succeed as much as everyone else, but 705 USD per 1000 shares just feels to much like a dream.

Yep. Late 90's dot-com accounting projections, are back with us again. 

I guess I was completely spot on with this then? Since it was deleted? There was literally no other reason to delete my speculation (which I said it was) unless it was a little too accurate for comfort.

Excellent.

Just going to run these numbers real quick for you:

.037 BTC * 25,000,000 = 925,000 BTC. @ $2,000 that is a fiat evaluation of $1,850,000,000.00.

Cheers.

This is wonderful

Yes but this time next week he will have circa 45BTC worth of ACtM. That's why he is here.

Now how many ACtM shares that represents will be entirely up to the shareholders who sell to him on CryptoTrade.

No matter what happens this Troll [crumbs] is buying, so is pankkake, so is VE.

They will still be buying at 0.0025 if they haven't filled their boots by that point.

Thanks again Jimmy I've now adjusted for the 50% mined-coin split, a silly mistake.

I actually thought the final share price of 0.06 was a bit high, as last time I did these calculations it was nearer 0.04 BTC.

So the amendment means the 0.0025BTC guarantee to shareholders will be paid out in full by May not April.

Total yearly divs are conservatively estimated to be from 0.0074 to 0.018 BTC - depending on BTC price.

So the target share price with a Price/Earnings ratio of 5:1 and BTC at 2,000USD is 0.037 BTC per share.