This is a result of people jumping the gun, we do own both, and they are both legit. The http will soon no longer function.
So the shares already bought are safe?
Topic: [ANN] Fibonacci Info and questions - page 11. (Read 104166 times)
So the shares already bought are safe?
This is a result of people jumping the gun, we do own both, and they are both legit. The http will soon no longer function.
The Fibonacci site is now up at http://www.fibonacci.io/ but to register you need to visit https://www.fibonacci.io/login
Can we get a confirmation from jasinlee that this site is legit?
Wow, that would be a genius scam idea! lol
But if you look at the litecointalk thread - he does post after someone mentions it and does not say anything about it, so I
would assume we are safe. :-D
The Fibonacci site is now up at http://www.fibonacci.io/ but to register you need to visit https://www.fibonacci.io/login
Can we get a confirmation from jasinlee that this site is legit?
I got 5 shares for hahas. This is all a guessing game/gamble anyways. ;-)
the more shares you the faster is the roi
sry but thats wrong.
thats completly independent of how many shares you buy.
and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit
edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only.
I think your original interpretation was right. If they generate $200M INCOME (revenue) for hardware sale, 5% of the income will be distributed to HW shareholders. That is $10M. Divide that with 0.2M shares, that is $50 per share.
I doubt they can sell $200M without causing huge difficulty rise.
If we approximate that each chip as 1MH/s, the price is for $500/MH/s, they will sell 400 k chips. That is 400k *1MH/s, or 400GH/s. The net work hash rate is less than 150GH/s at the moment. The difficulty will at least double.
There are other ASIC manufacturers as well.
This smells so much like preorders but the shareholder is put in a bigger hole than pre-ordering from alpha tech. You would have to wait until the Company generated 200 million in profits just to break even. Meanwhile the Company is making money hand over fist from mining LTC. So the contract you buy acts as seed money-grubbing them to stay up a hosting environment.
Now the question is.... Does "sell" include units the Company buy for itself? If no, then the Company could buy up is own units and operate them and shareholders do not make a dime.
Way to go Jansilee. You've taken scam to a whole new level.
the more shares you the faster is the roi
sry but thats wrong.
thats completly independent of how many shares you buy.
and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit
edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only.
I think your original interpretation was right. If they generate $200M INCOME (revenue) for hardware sale, 5% of the income will be distributed to HW shareholders. That is $10M. Divide that with 0.2M shares, that is $50 per share.
I doubt they can sell $200M without causing huge difficulty rise.
If we approximate that each chip as 1MH/s, the price is for $500/MH/s, they will sell 400 k chips. That is 400k *1MH/s, or 400GH/s. The net work hash rate is less than 150GH/s at the moment. The difficulty will at least double.
There are other ASIC manufacturers as well.
so they have to make 220 million dollar sale for you to get ROI of your shares? and this is only for FIB.HW. which means only hard ware sales. in 3 months from now....
FIB.SITE shares are not included right?
FIB.SITE shares are not included right?
The Fibonacci site is now up at http://www.fibonacci.io/ but to register you need to visit https://www.fibonacci.io/login
Anyone know when the pre-orders for the hardware will be available?
Sorry if I missed too many pages to go back over.
Sorry if I missed too many pages to go back over.
Yes, electrical savings is everything. The difference between running a rig or not and most importantly how many you can run on the same 15 AMP circuit! ;-)
My electric bill was $400 last month and I have solar!
My electric bill was $400 last month and I have solar!
would be nice to know how many units batch 1 going to have.
Allright. Thanks for letting us know. I only know about AlphaTech and they offer a better ratio (price per khash/s) for sure, as they need about 1350 Pound for 5000 mh/s. I've heard about Gridseed, they offer dualminers right? I'm not really looking for that.
Let's see how this goes. I hope JasinLee will give us a heads up here about the device (devices) and shares.
Let's see how this goes. I hope JasinLee will give us a heads up here about the device (devices) and shares.
Well, indeed it's the electrical costs what is going to make a change. I think if you put that somehow into your calculation, these ASICS are going to be more profitable for sure.
Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.
The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.
Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.
The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.
True relative to GPU rigs I agree. Its only a marginal gain. But relative to other scrypt asic developers these are much more expensive. AlphaTech, Flowertech and Gridseed units have 30% less days till pay off than Fibonnacci units. Gridseeds are already mining and gen2s are in mass production.
Well, indeed it's the electrical costs what is going to make a change. I think if you put that somehow into your calculation, these ASICS are going to be more profitable for sure.
Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.
The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.
Yea, sure they will get a (huge) benefit (/ profit), but that's business. As long as people like me (small miners) can make profit & Fibonacci does, who cares.
The only thing is, your miners will be worth $ if the whole Digi-currency-market will crash, and the miner will not.
I think those prices are about the same as the price you pay for GPU's to reach for example 960 khash/s, or maybe a bit higher right? (And you need to buy other hardware to mine with GPU's). But, by mining with GPU's I think it will take about 500 watt (educated guess) to reach 960 khash/s instead of 5.
I think those prices aren't really bad.
I think those prices aren't really bad.
I'm not talking about kHs/watt I'm talking about price per kHs. The other ASIC developers are actually in offering better value. They offer more kHs per $1 invested in buying the machine. The result is that you will pay it off faster and return more profit.
I think that fibonacci is aiming at making a fat profit and become a ghash.io.
Besides depending on what you buy you are only getting slightly better than a 7950 rig with 5 GPUs. *I have about 50 of them.
UNIT KH/s Price Watts kh/$
7950 Rig 3375 $2,000.00 1400 1.6875
Fibonacci Recursion 960 $561.60 5 1.7094
Fibonacci Axiom 18000 $8,985.60 80 2.0032
Fibonacci Epsilon 35000 $17,951.20 150 1.9497
You will save on electrical costs and only a modest profit. Nowhere's near the benefit fibonacci is getting (they are putting a large premium on the units they are selling).
I think those prices are about the same as the price you pay for GPU's to reach for example 960 khash/s, or maybe a bit higher right? (And you need to buy other hardware to mine with GPU's). But, by mining with GPU's I think it will take about 500 watt (educated guess) to reach 960 khash/s instead of 5.
I think those prices aren't really bad.
I think those prices aren't really bad.
the price for performance is horrible. The estimates prices jansilee reported in is litecointalk thread makes the kHs/$ on part with a 7900 series graphics card.
Estimated specs
Estimated specs
Name Hash Price(LTC discount) Watts
Fibonacci Recursion 960 $561.60 5
Fibonacci Axiom 18000 $8,985.60 80
Fibonacci Epsilon 35000 $17,951.20 150
the more shares you the faster is the roi
sry but thats wrong.
thats completly independent of how many shares you buy.
and 200 mil dollar profit(*) from selling products .that will not be done from today to next day.. if the yeven ever archive that hugh profit
edit: just read the webpage again. I might have miss read it a bit and they didn't mean to share 5% of the profit only but all the profit and 5% is their calculated profit. This way the numbers looks better (replace the word profit(*) with income) although I very much doubt the 5% profit only.
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