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Topic: ### ANN FAS ### INSTANT ALTCOIN MINING ### - page 11. (Read 16051 times)

member
Activity: 112
Merit: 10
February 08, 2014, 05:59:40 PM
#18
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?
newbie
Activity: 55
Merit: 0
February 08, 2014, 05:58:20 PM
#17
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.
hero member
Activity: 602
Merit: 500
February 08, 2014, 05:56:07 PM
#16
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.
member
Activity: 112
Merit: 10
February 08, 2014, 05:54:56 PM
#15
Quoted from the other forum:

Quote
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?
sr. member
Activity: 425
Merit: 253
February 08, 2014, 05:49:37 PM
#14
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...
sr. member
Activity: 425
Merit: 253
February 08, 2014, 05:42:24 PM
#13
Quote
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...


sr. member
Activity: 425
Merit: 253
February 08, 2014, 05:39:20 PM
#12
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.
sr. member
Activity: 425
Merit: 253
February 08, 2014, 05:25:09 PM
#11
Whats the ROI

ROI = Return on Investment or (ROIC = Return on invested capital)
sr. member
Activity: 425
Merit: 253
February 08, 2014, 05:23:58 PM
#10
so... what are the future developments for the fastbit?

Short term >  all hardware and mining
Midterm >  next currency > pegged to fiat (in the works)
legendary
Activity: 1274
Merit: 1000
February 08, 2014, 04:22:27 PM
#9
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
full member
Activity: 131
Merit: 100
February 08, 2014, 04:20:13 PM
#8
Quote
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?
member
Activity: 70
Merit: 10
February 08, 2014, 04:15:29 PM
#7
Price can NEVER go lower.

FANTASTIC  Grin
legendary
Activity: 1274
Merit: 1000
February 08, 2014, 04:12:57 PM
#6
Whats the ROI
sr. member
Activity: 406
Merit: 250
Hello! Send me a message.
February 08, 2014, 04:08:30 PM
#5
so... what are the future developments for the fastbit?
hero member
Activity: 602
Merit: 500
February 08, 2014, 04:04:09 PM
#4
interesting concept. Bought some.
sr. member
Activity: 425
Merit: 253
February 08, 2014, 03:55:19 PM
#3
Fire up your CPU miner.. to C-Notes >> trade them in for GPU auto mining...Daily dividends
sr. member
Activity: 425
Merit: 253
February 08, 2014, 03:53:29 PM
#2
We sold two million shares in two hours...
What are you waiting on?  A sign from the gods??
sr. member
Activity: 425
Merit: 253
February 08, 2014, 12:52:53 PM
#1

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/YwH2oy
ABOUT 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.com

Auction Site:  http://goo.gl/8AcwTL
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