[BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 87.

crumbs

full member

Activity: 210

Merit: 100

Quote from: bouchon2cul on September 17, 2013, 03:45:27 PM

Quote from: crumbs on September 17, 2013, 03:29:51 PM

Quote from: bouchon2cul on September 17, 2013, 03:19:27 PM

From my own calculations, if IceDrill gets 363 Th (the best case), they get a Gh for $6.7.
However https://hashfast.com/shop/babyjet/ is advertised as "As Low as $2.80 / GHash"
I know it doesn't include the electricity and hosting, but 350W, I can certainly handle it at home.

Could someone confirm my calculation?

The "as low as 2.80 per GH/s" is misleading -- they're counting the extra *chips* you will receive from their miner protection program *if* your miner fails to ROI. You will get those chips without the supporting circuitry etc., and three months after the date you receive your miner.

Edit: The 3 months in the future part is the real nasty -- hashpower later is not the same as hashpower today Cry

Sure but then the miner protection program does what it does: protect me.

It's certainly better than nothing, but i'm not sure how much protection that program offers. If the BOM to make those chips into hashing miners costs more than the coins you'll mine with the finished product, it'll simply put you further into the red.

I don't want to argue the point here -- simply answered your question.

bouchon2cul

newbie

Activity: 21

Merit: 0

Quote from: crumbs on September 17, 2013, 03:29:51 PM

Quote from: bouchon2cul on September 17, 2013, 03:19:27 PM

From my own calculations, if IceDrill gets 363 Th (the best case), they get a Gh for $6.7.
However https://hashfast.com/shop/babyjet/ is advertised as "As Low as $2.80 / GHash"
I know it doesn't include the electricity and hosting, but 350W, I can certainly handle it at home.

Could someone confirm my calculation?

The "as low as 2.80 per GH/s" is misleading -- they're counting the extra *chips* you will receive from their miner protection program *if* your miner fails to ROI. You will get those chips without the supporting circuitry etc., and three months after the date you receive your miner.

Edit: The 3 months in the future part is the real nasty -- hashpower later is not the same as hashpower today Cry

Sure but then the miner protection program does what it does: protect me.

ajk

donator

Activity: 447

Merit: 250

some people are just so pathetic lol, VE and Vycid are 2 people who come to mind, this kid was all about Icedrill and wanted to show me pictures of his stake in the company when I have been calling it a mining bond from the getco and now he is completely against it now,

Vycid believes he has credibility... Are you absolutely joking me, he like VE loves to read his own posts, you guys need better things to do because the way both of you trade is Laughable,

Edit:
If you signed up less than 4-5 months ago and have near 1K posts you have to much time on your hands and care far to much about your image online, good job for pretty much trying to be the coolest kid at the clown party (which the forum absolutely is)

crumbs

full member

Activity: 210

Merit: 100

Quote from: bouchon2cul on September 17, 2013, 03:19:27 PM

From my own calculations, if IceDrill gets 363 Th (the best case), they get a Gh for $6.7.
However https://hashfast.com/shop/babyjet/ is advertised as "As Low as $2.80 / GHash"
I know it doesn't include the electricity and hosting, but 350W, I can certainly handle it at home.

Could someone confirm my calculation?

The "as low as 2.80 per GH/s" is misleading -- they're counting the extra *chips* you will receive from their miner protection program *if* your miner fails to ROI. You will get those chips without the supporting circuitry etc., and three months after the date you receive your miner.

Edit: The 3 months in the future part is the real nasty -- hashpower later is not the same as hashpower today Cry

bouchon2cul

newbie

Activity: 21

Merit: 0

From my own calculations, if IceDrill gets 363 Th (the best case), they get a Gh for $6.7.
However https://hashfast.com/shop/babyjet/ is advertised as "As Low as $2.80 / GHash"
I know it doesn't include the electricity and hosting, but 350W, I can certainly handle it at home.

Could someone confirm my calculation?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: molecular on September 17, 2013, 03:04:42 PM

Quote from: VolanicEruptor on September 17, 2013, 02:48:18 PM

Oh my god you guys.. get the fuck out of this dangerous bullshit.

The intensity of your shouting tells me you're buying and probably talking to the off-book-100k-seller already.

If I wanted to invest in Hashfast, I would purchase directly from them, AND get covered by their Miners Protection..
Icedrill is overvalued and to be polite about it, a complete ripoff. Cheesy

molecular

donator

Activity: 2772

Merit: 1019

Quote from: VolanicEruptor on September 17, 2013, 02:48:18 PM

Oh my god you guys.. get the fuck out of this dangerous bullshit.

The intensity of your shouting tells me you're buying and probably talking to the off-book-100k-seller already.

bouchon2cul

newbie

Activity: 21

Merit: 0

Quote from: creativex on September 17, 2013, 02:33:59 PM

Quote from: bouchon2cul on September 17, 2013, 02:31:28 PM

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

Nope.

Hmm so actually direct HashFast customers can get a better deal?! So why is IceDrill restricting itself to HashFast?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Oh my god you guys.. get the fuck out of this dangerous bullshit.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: bouchon2cul on September 17, 2013, 02:39:28 PM

Quote from: VolanicEruptor on September 17, 2013, 02:33:21 PM

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders". Cheesy

Does that account for the 100,000 that are on sale off the books?
I must admit this is what triggered my visit here though I don't have enough shares to be that bothered about my losses.

That's on top of the half million. And he won't sell 100,000 shares at .0011 if his life depended on it. Look at the buy orders, do you see 100,000 ANYWHERE? There isn't even 100,000 in buy orders all the way down to .000000001.

If he can't even sell 20,000 on the market, he will have one hell of a time selling 100,000 privately at .0011. Cheesy

bouchon2cul

newbie

Activity: 21

Merit: 0

Quote from: VolanicEruptor on September 17, 2013, 02:33:21 PM

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders". Cheesy

Does that account for the 100,000 that are on sale off the books?
I must admit this is what triggered my visit here though I don't have enough shares to be that bothered about my losses.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: bouchon2cul on September 17, 2013, 02:31:28 PM

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

That's a big fat ugly no.. but other hashfast customers have that protection! LOL

creativex

sr. member

Activity: 434

Merit: 250

Quote from: bouchon2cul on September 17, 2013, 02:31:28 PM

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

Nope.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote

As you can tell by this current thread, there are very few shareholders that are currently worried.

Oh okay.. so half a million shares being sold under IPO value is considered "very few shareholders". Cheesy

Icedrill shareholders are panic selling as we speak, that is very evident!
Enjoy your worthless shares!

bouchon2cul

newbie

Activity: 21

Merit: 0

Hmm maybe that could save it: https://hashfast.com/miner-protection-program/
Did IceDrill subscribe to this program?

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote from: Rannasha on September 17, 2013, 02:25:15 PM

Quote from: VolanicEruptor on September 17, 2013, 02:23:10 PM

Quote

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now. Cheesy

Like I said, I don't know how IceDrill is valued right now (I don't follow this thread very closely). But my statement is that it is theoretically possible for a company such as IceDrill to be undervalued.

It is also "theoretically possible" that these third world kids don't even want your icedrill shares.. in fact, it's reflected in the current share price so that makes it no longer just a "theory"!!! Cheesy

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: VolanicEruptor on September 17, 2013, 02:23:10 PM

Quote

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now. Cheesy

Like I said, I don't know how IceDrill is valued right now (I don't follow this thread very closely). But my statement is that it is theoretically possible for a company such as IceDrill to be undervalued.

VolanicEruptor

sr. member

Activity: 392

Merit: 250

Quote

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued.

Oh okay.. tell that to icedrill shareholders who are shitting their pants right now. Cheesy

bouchon2cul

newbie

Activity: 21

Merit: 0

They state 25% is reinvested so it really shouldn't halve - though it's only with HashFast which is suspicious.
Still I'm afraid it won't be enough to keep up.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: VolanicEruptor on September 17, 2013, 02:17:37 PM

Quote from: Rannasha on September 17, 2013, 02:14:43 PM

Quote from: VolanicEruptor on September 17, 2013, 02:11:07 PM

Quote from: bouchon2cul on September 17, 2013, 02:09:47 PM

Quote from: VolanicEruptor on September 17, 2013, 02:06:21 PM

Quote from: bouchon2cul on September 17, 2013, 02:01:30 PM

It's badly performing because people who invested won't turn a profit (at least it's my understanding from what I'm reading here). Even the best performing case of 363 Th looks very expensive.

Ordering only from HashFast even in the future is also very suspicious, is this just a wait to turn a profit... for HashFast?

And with every 20 days that pass, the difficulty will double, splitting this share price in half again.
Expect .00055 soon!!!!
To the moon!

That seems a bit too pessimist.

I hope... Undecided

It only makes sense.. when difficulty doubles, profitability gets split in half. Therefore the values of the shares will split in half as well..

This is only true if the price of the asset reflects its value. If it's currently undervalued, then a difficulty doubling should cause the share price to drop by less than 50%, while if it's overvalued, shareprices should go down by more.

Any company that is not hashing cannot possibly be labeled as "undervalued". Value isn't even existent until there is actual hash power. Until then its all speculation, and there is no reason this "speculative value" won't reflect the difficulty rising (as it already has shown!)

Depends on what was done with the IPO money. If the company has outstanding orders with an ASIC manufacturer that has a good track record, then it definitely can be undervalued. Value is not only determined by expected income, but also by assets held by the company. And outstanding purchase orders are assets. How these are to be valued depends on how reliable the estimated shipping date is and what the difficulty is expected to do.

I don't make any statements about IceDrill and its current valuation, but it is definitely possible for IceDrill to be undervalued. Just like it could be overvalued.

Topic: [BitFunder] IceDrill.ASIC IPO (235 Thash Mining Operation powered by HashFast) - page 87. (Read 378562 times)