Topic: ANN ### Project GRID - Miners Are Running #### - page 2. (Read 6992 times)

Interestingly enough...the last day he was apparently even logged into bitcointalk before up and pulling a casper!

tip @fasbit bumbacoin

I know!  As far as I am concerned...its just a good "buy" opportunity.... I am buying shares personally myself...
./fasbit

strange the price has dropped to the lowest of values..

This is a long term payout project... I will be adding hash power regularly... just like FAS... this is a little slower... but its still regular...
./fasbit

Yes regular 3-4 days... Damn price is 1 right now, should i invest in this instead of new mining rig? Looks quite promising.

appear to be 4-day intervals at present

I bought a few. I already got paid on the first dividends. How often are dividend payouts?

We are probably March 10th for a ship date.  Miners are ordered.

If you find a buyer, I will do the escrow for no fee.
I can make the transfer internally.

Just to mention that there is now a GridSeed Project forum  - http://gridasics.proboards.com/

So any questions you have would be best to post there

There is something named "Share transfer" on Cryptostocks witch has a fee of 0.005 btc, but i have never seen anywhere you can actually do that, maby it's only the issuer of stocks that can transfer shares throu that option.
Another option would probably be to sell the account with the shares in them if you created your account on Cryptostocks only to buy this stock.
Anyway you probably need to find an escrow if you want to sell 1,26 btc worth of stocks as you at 2 posts is a bit green on this forum...

Another option if your not to much in a hurry is to just put 50% of the shares up for sell at 0.000002 and sell off the rest for 0.000001 would at least give you 33,33% of the money you had in mind getting for them in hand directly.

Would anyone be interested in buying 841000 shares at the price of 0.0000015? I need the BTC for another investment but i'm not keen to sell my shares at 0.000001. Not sure how we would escrow the transfer of the shares but PM me if you're interested. We would probably have to use a trusted 3rd party such as Fasbit, as long as he doesn't mind.

The logical answer to that is that they will be bought as fast as possible, what bank or payment options Gridseed have i don't know but if Gridseed has a European bank account set up they could take SEPA transfers and should have the money within 24 hrs max so if that is the case the devices could be shipped pretty fast from China then and an estimate would then be miners up and running  within 7-10 days if the batch of miners is sent out from gridseed in the next couple of days.

Hi

One question - when will the miners be bought, and when will dividends start to pay out?

Sorry if I missed it somewhere in description

You will need to order 200 miners or more directly from the manufacturer and spend some time and invest 35 000 usd+ if you would like to buy those miners yourself at that low price.
Stocks you can trade to and get in/out of whenever you like, if you buy 200 miners yourself it's a slightly bigger operation to get in/out of a position than just typing a price and pressing a button.


Compare it with other stocks investments and you see why people buy stocks at higher than introduction price.
The expected dividend/return will be high even when you buy at 0.000002 or higher.

Lets take a few example:
==================
People buy shares in CRYPTSY for 0.2 btc a stock, it's introduction price was 0,05 btc per stock so that's 4 times the introduction price for example that people pay for it now, Cryptsy return around 0,2% per week in dividend if you bought it at 0.2 btc.

Some people even buy Vircurex stock for 0,1-0,15 btc and they have been in violation of there contract for soon 1 year now and pay 0% in monthly dividend and if you buy into vircurex then your buying a share of a company that is at -1000 btc or something if you believe there numbers.

BSVM (bitcoiin mining) people buy shares for 0,06 btc and there dividend is around 0,2% per week.
GMP(BTC mining) people buy there shares at around 0,25 btc, dividend around 0,25% per week
MGMP(BTC mining) people buy there shares at around 0.000900 btc, dividend around 0,07% per week
==================


If you run the numbers for GRID you see that you can expect a retrurn of something like 9% or possibly even up to 17% per week on this share if you bought at 0,000001. but lets count low and say:
9,00% a week at 0,000001
4,50% at 0,000002
3,00% at 0,000003
2,25% at 0,000004
1,80% at 0,000005
...
0,90% at 0,000010
0,45% at 0,000020
0,22% at 0,000040

so even if you buy in at way higher than introduction price you will still make better profit on this share than most other shares on Cryptostocks, maby that answers your question.

Thanks, I was assuming wrong then, haven't actually calculated.

GRID has highest 7 day volume of all BTC shares....

If you run the numbers, it still make financial sense even at 4.  So 2 or even 3 is still a good price...

Whats the rationale behind people buying for 2? Aren't they paying double price for the miners, why don't they get it elsewhere?

I don't understand the appeal behind going above 1.