Topic: Asicminer valuation (Read 1833 times)
Where is it traded now?
Anyone knows what the value now?
Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain.
Actually...
If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them.
Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question:- Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan 
will be that:
Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally.
Source
EDIT: IPO post does also mention voting power with AM shares.
Nice report but this is only a partial picture.
Maybe you can convince friedcat to publish a complete cash flow and profit/loss report and the balance sheet is needed too.
So both of us are mistaken. The correct answer is rights to profits of Bitcointain per share and voting power per 5k shares.
Thank you OP we got corrected and educated about our beloved investment.
Thank you OP we got corrected and educated about our beloved investment.
Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain.
Actually...
If I understand correctly, Bitfountain is doing the manufacturing and ASICMINER is buying the equipment from them.
Actually not. One ASICMINER share represents 1/400,000 of the net profits from Bitfountain. Therefore the answer to this question:- Is there a way for me to invest in Bitfountain directly? That seems much more interesting to me. You know, the only one making money from the gold rush was the guy selling shovels. I'm already too exposed to the mining risks, but selling shovels seems like a plan
will be that:
Investing in ASICMINER is investing in Bitfountain. No matter Bitfountain mines with its own hardware, sells its hardware/hashrates, or even expands its business domain, ASICMINER shareholders get all possible means of profits of Bitfountain proportionally.
Source
EDIT: IPO post does also mention voting power with AM shares.
How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares).
For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread.
Totally mistaken please go read the IPO, 1 share of ASICMINER indeed represents 1/400000 of the ownership of Bitfountain.
How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares).
For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread.
Additionally, I have also done an informal report here with their earnings from Feb 28 - May 31. Hope it helps.
How many shares are outstanding for ASICMINER then?
400000-163000, Too lazy to do the calc, hence how retard I am.
Outstanding means sold ones - not unsold ones. And for all practical purposes such as calculating dividends or working out valuations you should treat ASICMINER shares as being BitFountain shares (the 400,000).
How many shares are outstanding for ASICMINER then?
Each ASICMINER share has an enitlement to 1/400,000th of their profit - but isn't actually a share in BitFountain (the company issuing the ASICMINER shares).
For practical purposes you should assume there are 400,000 shares - all of which are outstanding. The details aren't worth explaining - if you MUST know them then read firedcat's posts in the ASICMINER thread.
How many shares are outstanding for ASICMINER then?
400000-163000, Too lazy to do the calc, hence how retard I am.
How many shares are outstanding for ASICMINER then?
lol I was around on IPO days and I was literally mining and as soon as my mining on slush pool reaches 0.1BTC I would transfer them to GLBSE and get one more share. I was really just lucky I did the poker's "all in" and kept a poker face for months until ASICMINER actually made the chips. 
Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
The first part yes. The second part was around 163,000shares*0.1BTC = 16300BTC*$15(~ish of the exchange rate at that time) = $244500.
If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right.
DISCLAIMER: my own calcs, I am a known retard.
Thanks alot, everybody at work probably thinks I'm nuts because I burst out in laughter after reading your disclaimer. Anyway, the magnitude of growth from this company is just astounding. I kick myself every day for not getting in sooner but I bought in at 1.45 so I guess I can't complain too much.
Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
BFL took in a similar amount of money in USD terms, and has delivered what? 5% of ASICMINER's hash rates?
Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
The first part yes. The second part was around 163,000shares*0.1BTC = 16300BTC*$15(~ish of the exchange rate at that time) = $244500.
If you considered the major back breaking loss due to GLBSE closing (guess around 5k coins), $150k ~ish is about right.
DISCLAIMER: my own calcs, I am a known retard.
Do I get this number right?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
400k shares multiplied by 2.5 bitcoin is 1 million bitcoin.
That is $112 million dollar valuation.
Am I reading this right? The start up capital is $100k only?
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