is my math right and their IPO valuation is 160.000 BTC or, 16.000.000 $?
seems like alot.
Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 28. (Read 198202 times)
August 02, 2013, 10:00:11 AM
August 02, 2013, 09:52:05 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
From what I've seen I do not believe this has been addressed even though it's been asked. Kind of a big deal
Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO). Are those 6,000,000 shares already sold? Or have they not released their IPO on their exchange?
Quote
The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which is not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years either.Public shareholders have no such a restriction.
There are only 2 000 000 shares listed. What about the 2nd wave of 2 000 000?
August 02, 2013, 09:45:25 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
From what I've seen I do not believe this has been addressed even though it's been asked. Kind of a big deal
Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO). Are those 6,000,000 shares already sold? Or have they not released their IPO on their exchange?
Quote
The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which is not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years either.Public shareholders have no such a restriction.
August 02, 2013, 09:33:37 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
From what I've seen I do not believe this has been addressed even though it's been asked. Kind of a big deal
Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO). Are those 6,000,000 shares already sold? Or have they not released their IPO on their exchange?
August 02, 2013, 09:21:16 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
From what I've seen I do not believe this has been addressed even though it's been asked. Kind of a big deal
Also, from my understanding, there will be 4,000,000 shares made available on BTC.CO, and an additional 6,000,000 shares on their own exchange (BTCSEA CO). Are those 6,000,000 shares already sold? Or have they not released their IPO on their exchange?
August 02, 2013, 09:19:57 AM
There have been three purchases of exactly 50,000 shares in the past few hours. I'm betting we hit two million today.
August 02, 2013, 09:17:59 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
From what I've seen I do not believe this has been addressed even though it's been asked. Kind of a big deal
August 02, 2013, 09:11:51 AM
Can someone explain to me the 2nd part of the IPO? Who is going to determine the price per share?
August 02, 2013, 08:30:58 AM
one million sold! I'm convinced by myself and considering buying more...
Watching since the beginning and bought shares too.. August 02, 2013, 08:19:56 AM
one million sold! I'm convinced by myself and considering buying more...
August 02, 2013, 08:11:53 AM
And this:
Believe it or not,that's what he said.
Quote
Q:Do you guys have any relationship with ASICMINER or AVALON?
A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.
A: No, but we do have a similar background. We also had some contacts with them through either IM tools or in person, although some of their thoughts / behaviours are hardly accepted by us.
Believe it or not,that's what he said.
August 02, 2013, 07:59:31 AM
Quote
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
Can't agree more. :)Everybody should read this and think about it.
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
Can't agree more. :)Everybody should read this and think about it.
+1
The thing the struck me a while ago was when AsicMiner published a report which mentioned BTC Garden as something to keep an eye on (sorry, don't have the link handy). That was the first time I heard about BTC Garden, but if friedcat thinks he should keep an eye on them, I am happy to invest in them!
It's extremely unlikely that they are a scam, they are just from a different country where communication rules are different They probably don't think that they need to keep explaining and justifying themselves in the forum.
Quote
Upcoming Competition
With other startups like:
• BitFury & 100 TH/s
• BTC Garden
• AMC
• DIY Manufacturers/Kits (w/ Avalon chips)
• Others not mentioned
ASICMiner is in the prime position as industry leader and can remain in first place, so long as friedcat and the other board members take the necessary, calculated steps to keep it that way. While these startups still appear to be very unproven (and everyone has their own opinions about them), some have started to make noticeable steps (Bitfury’s 65nm).
With other startups like:
• BitFury & 100 TH/s
• BTC Garden
• AMC
• DIY Manufacturers/Kits (w/ Avalon chips)
• Others not mentioned
ASICMiner is in the prime position as industry leader and can remain in first place, so long as friedcat and the other board members take the necessary, calculated steps to keep it that way. While these startups still appear to be very unproven (and everyone has their own opinions about them), some have started to make noticeable steps (Bitfury’s 65nm).
August 02, 2013, 07:37:56 AM
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
I really don't think this is a "scam", there is clearly effort put in the hardware design. What I find hard to believe is the chip performance specs/power consumption.
The current ASICs by different manufacturers have shown power efficiency to be heavily correlated to die shrink, especially because of using lower voltages. Respectively, by power efficiency: Bitfury (55nm), BFL (65nm), Asicminer (110nm) and Avalon (110nm).
They are doing a 130nm chip, that's all fine (maybe they can get them at extremely low costs) but I expect it to have less power efficiency, not better. Anyone claiming better power efficiency on 130nm really needs to show how they achieved that, since it's anything less than trivial.
August 02, 2013, 07:33:49 AM
Quote
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
Can't agree more. :)Everybody should read this and think about it.
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
Can't agree more. :)Everybody should read this and think about it.
+1
The thing the struck me a while ago was when AsicMiner published a report which mentioned BTC Garden as something to keep an eye on (sorry, don't have the link handy). That was the first time I heard about BTC Garden, but if friedcat thinks he should keep an eye on them, I am happy to invest in them!
It's extremely unlikely that they are a scam, they are just from a different country where communication rules are different They probably don't think that they need to keep explaining and justifying themselves in the forum.
August 02, 2013, 07:32:37 AM
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
You are right, and I'm also a shareholder.
The reason why I invested is simple, they are the most promising team in China, and given China is the place where all stuff get manufactured, it's very likely that the next ASICMiner will be China based.
IMHO, one big reason why yifu is the one who created the first ASIC miner is that he's Chinese. In the mining business, time is everything. You really need to be there and have connections if you want to be the fastest. Well, unless you are Apple.
I'm not saying teams in the US or Europe do not have their advantages, they may have better engineers and less risk from government. But let's face it, the manufacturing issue outweighs those advantages. Look at BFL, they build everything in the US, but I'm sure most of their costumers are not satisfied, me included.
Of course there are risks, e.g. the untested first batch among others. In one year, my shares could be worth nothing, but I'm hopeful that BTCGarden will become a major player.
Anyway, only time will tell. Good luck with our bet!
August 02, 2013, 07:20:46 AM
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
Can't agree more. :)Everybody should read this and think about it. This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
August 02, 2013, 06:29:32 AM
I doubt you will get answers about 2nd set of shares until (unless?) the first 2M shares are gone ... because I am guessing the strategy will only be finalized once they judge how the initial IPO went.
August 02, 2013, 06:24:56 AM
Just FYI
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
This company has a BTC forum in Chinese (like Bitcointalk, but much more smaller of course). The address is (http://bbs.btcman.com/forum.php). The earliest post in that forum posted in late 2012. It also has a BTC exchange in Chinese (like Coinbase, but much more smaller of course). The past 24 hrs trading volume was 1100 coins. The address is (https://btcsea.com). In other words, this company isn't the kind of team suddenly come to public from nowhere. It has been in this industry for really a while. That's probably why there are some guys threw 500+ coins to buy their shares.
I know it needs a lot faith to put your hard earned coins (ok, maybe not that hard) in such a huge IPO with so much uncertainty, especially when the PR here is kind of arrogant and lack of proper communication skill. Also there is significant language barrier. And I really doubt that he care about answering questions from potential investor. The only thing I believe is that this project might turn out to be failure, but its not a scam. Also FYI, I am a shareholder and my opinion above is clearly not independent.
August 02, 2013, 05:52:53 AM
Youkou mirror
http://v.youku.com/v_show/id_XNTkwODIyNjcy.html
http://v.youku.com/v_show/id_XNTkwODIyNjcy.html
August 02, 2013, 05:47:23 AM
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
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
Thanks for the video and the update. But why is it hashing at ~500MH/s now? The pic posted by dxxw makes much more sense to me, as that one is showing ~363MH/s, which is more in-line with your chip specs?
Could you also give some more details on the 130nm process you chose to build the chips and final specs? This is very important. You are estimating 1.5W/chip (3.75W/GH) but your chip uses 1.25V@400MH/s (vs 1.2V of an 110nm Avalon for example, and power usage increases by the square of voltage and linearly with frequency, P=C*V^2*f) and I find it intriguing why you need 64 pads if not for extra power?
b) ASIC brief introduction
SMIC 0.13um;
Core Voltage: 1.2V;
I/O: Voltage: 3.3V;
Core Frequencey: 400MH/s;( @vdd 1.25V);
Number of Pads; 64;
Package lqfp64;
SMIC 0.13um;
Core Voltage: 1.2V;
I/O: Voltage: 3.3V;
Core Frequencey: 400MH/s;( @vdd 1.25V);
Number of Pads; 64;
Package lqfp64;
Quote
Avalon chip specs
Technology Summary:
TSMC 0.11- micron G process
5 Metal
Core Voltage: 1.2 V
I/O Voltage: 3.3 V
Core Frequency: 256+ MHz
Number of Pads: 48
8 Data
40+1 Power
Package Type: QFN48 -0.5 Pitch
Packaged Chip Size: 7 mm x 7 mm
Chip Interface
Data Pins (8 in total):
Clock i
Serial Data In [2] i
Serial Data Out [2] o
Serial Data Bypass [2] o
Reserved [1] -
Chip power efficienty: 6.6W/GHs @ 1.15 V
Technology Summary:
TSMC 0.11- micron G process
5 Metal
Core Voltage: 1.2 V
I/O Voltage: 3.3 V
Core Frequency: 256+ MHz
Number of Pads: 48
8 Data
40+1 Power
Package Type: QFN48 -0.5 Pitch
Packaged Chip Size: 7 mm x 7 mm
Chip Interface
Data Pins (8 in total):
Clock i
Serial Data In [2] i
Serial Data Out [2] o
Serial Data Bypass [2] o
Reserved [1] -
Chip power efficienty: 6.6W/GHs @ 1.15 V
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