Topic: BTCGarden Overview & Speculation Thread - page 2. (Read 5079 times)

There's a 4k buy order @ .016 if anyone has cold feet and wants out. 

You mean this:

where's the other 2M shares supposed to show up right after the first 2M sell out?

2. Please notice that the 2ed batch of BTCGARDEN will

    *be impossible to issue before we reach a significant milestone in the development of our project.
 
    *a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.

    *Certainly , the price of 2ed will be higher than the 1st.

where's the other 2M shares supposed to show up right after the first 2M sell out?

BTCGarden is also a mine + hardware sales.

The issue with that valuation is that BTCGarden is a mine, while ASICMINER is a mine + hardware sales. The question then is what percentage of ASICMINER's valuation is based on hardware sales?

They are planning to deploy 500TH by Nov, that is one half of what Asicminer plan to deploy(800-1000TH) by the end of this year.
Market Cap of Asicminer = 4 * 400,000 = BTC1,600,000
So, if everything goes smooth for BtcGarden, they deserve a market cap of BTC800,000 and it gives the price of BTC0.08 per share which is 5 times of IPO price.
Hope my calculation makes sense.

They are planning to deploy 500TH by Nov, that is one half of what Asicminer plan to deploy(800-1000TH) by the end of this year.
Market Cap of Asicminer = 4 * 400,000 = BTC1,600,000
So, if everything goes smooth for BtcGarden, they deserve a market cap of BTC800,000 and it gives the price of BTC0.08 per share which is 5 times of IPO price.
Hope my calculation makes sense.

Hi,

Im tempted to invest - but not pushing the button as yet due to the massive valuation. Can anyone justify it to me?

thanks

Thankx so much for the translation although in my side its more or less inaccurate.

Here re lines about the 2ed-batch.

1. Please notice that: All of you 1st batch of shareholders ,without whom neither this IPO nor our big project would be possible , are our most precious capital. We are  in the same boat and we promise to do our best to line your pockets.

2. Please notice that the 2ed batch of BTCGARDEN will

    *be impossible to issue before we reach a significant milestone in the development of our project.
 
    *a portion of 2nd batch shares will be used for "protecting the interests" of our shareholders,which means that there is a possibility that we will not issue all of the 2nd batch of 2,000,000 shares in future. I cannot expand this at the moment but I d like to say this could be a very good deal/offer to all our shareholders.

    *Certainly , the price of 2ed will be higher than the 1st.


Update :

We have received our sample-PCB and it is being tested in every aspect. Everything s running well so far. ( Mass production of PCBs will start later and can be finished within one week in Shenzhen)
We also dealed with an acquaintances packaging factory to shorten the Package period from 10days to 3days. I.E. we will get our chips in hand only 3-4 days later after out of  Fab.
We will hold a meeting next weekend in Beijing to discuz our future plans incl.: 2nd gen chips, deployment plans for 1st gen chips, application of analog circuit  in our project , a lot of experts both on R and D have been invited.

Update:

an video of our FPGA  prototype :  http://www.btcgarden.com/videos.jsp  

We had finished this in May although the video was just made 2 hours ago by our engineers at Xi`An

BTW : YOUTUBE is blocked in mainland china for a long long time,so all chinese shareholders please wait for a youku version later at btcman ,sry

Here s a pic of it




some pictures of our deploment methods have been uploaded to http://www.btcgarden.com/deployment.jsp

We dont want to give out the chinese-writing part because it maybe useful to our potential opponents.

BTW: this method is based on water-cooling ,which is expensive , we also have a blower method as cheap as ASICMINER`s, we will try both of them at beginning to see which one is better.

Infos of our 1st-batch with 12+300（Engineering Sample &Mass Production） wafers: 312 wafers * 2000chips/wafer*400MH/chip = 249TH/s ,any overclock will let the estimate even higher. The contract
will not be shown out because so many infos included, which are not proper to show out and make no sense if we hide them all.



I ll reply other questions later ,too busy to do it now.

To protect the interest of early investors, share dilution CANNOT occur until the all three following conditions have been fulfilled: 




1.   Total cumulative dividends paid/share equaling 0.032BTC/share; i.e., twice the IPO priced paid in dividends
2.   Share Dilution will not occur until after August 1, 2014 if the situation would arise


3.   Major developments/events that would lead to/maintain BTCGarden's targeted network portion.

That said, there would be an announcement before any further shares are sold, with existing shareholders have priority to purchase more. From what aiwill said, it's to be used as a last resort only.