[BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 29.

caoxg

full member

Activity: 159

Merit: 100

Winter is coming

Quote from: ArcticWolf on August 02, 2013, 04:50:28 AM

Quote from: caoxg on August 02, 2013, 04:47:02 AM

Could anyone explain the FPGA video to us?
Is this FPGA a very important step of ASIC typeout?

Its proof that the code works, and can be migrated to an ASIC setup iirc

Thanks. So it's a milestone.

Waiting for real ASIC chip!

ArcticWolf

full member

Activity: 196

Merit: 100

Quote from: caoxg on August 02, 2013, 04:47:02 AM

Could anyone explain the FPGA video to us?
Is this FPGA a very important step of ASIC typeout?

Its proof that the code works, and can be migrated to an ASIC setup iirc

caoxg

full member

Activity: 159

Merit: 100

Winter is coming

Could anyone explain the FPGA video to us?
Is this FPGA a very important step of ASIC typeout?

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: yxxyun on August 02, 2013, 04:09:50 AM

the youtube video I think is real.

I feel kinda like I have seen it before, but those FPGA prototypes aren't really new anyway. If you look closely at the picture you see a timestamp of today in cgminer.

torbank

full member

Activity: 217

Merit: 100

Quote from: yxxyun on August 02, 2013, 04:09:50 AM

the youtube video I think is real.

I also think that it's real.

oxfeeefeee

member

Activity: 73

Merit: 10

Quote from: ?? on ??

Quote from: torbank on August 02, 2013, 03:47:15 AM

There's nothing wrong with trying to paint a portrait of what they are going to accomplish.

Agreed. They should probably state that on their website.

Language is the problem here, the web page is titled "BTC Garden mining room deployment plan".
But I have to say it is misleading.

yxxyun

member

Activity: 99

Merit: 10

Quote from: caoxg on August 02, 2013, 03:55:56 AM

Quote from: ?? on ??

Quote from: torbank on August 02, 2013, 03:47:15 AM

There's nothing wrong with trying to paint a portrait of what they are going to accomplish.

Agreed. They should probably state that on their website.

Come on guys, we are all waiting for some REAL things.

aiwill said

Quote from: aiwill on August 02, 2013, 03:13:07 AM

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

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.

so it is just a method they want to use.

the youtube video I think is real.

caoxg

full member

Activity: 159

Merit: 100

Winter is coming

Quote from: ?? on ??

Quote from: torbank on August 02, 2013, 03:47:15 AM

There's nothing wrong with trying to paint a portrait of what they are going to accomplish.

Agreed. They should probably state that on their website.

Come on guys, we are all waiting for some REAL things.

torbank

full member

Activity: 217

Merit: 100

There's nothing wrong with trying to paint a portrait of what they are going to accomplish.

yxxyun

member

Activity: 99

Merit: 10

cool! looks nice.

kingcrimson

legendary

Activity: 1025

Merit: 1000

redbeans2012

hero member

Activity: 887

Merit: 1000

Everything looks good, please answer the questions about the second batch of 2 million shares. Very important to shareholders.

aiwill

member

Activity: 104

Merit: 10

btcman.com

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 Sad

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.

yuansuyi

member

Activity: 210

Merit: 10

There is a thread in chinese sub forum about BTCGarden IPO

https://bitcointalksearch.org/topic/--265780

just for info.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: dexX7 on August 02, 2013, 12:37:37 AM

Quote from: freedomno1 on August 02, 2013, 12:12:21 AM

Well if the second batch is used to fund the third line of products and acts as a buffer when dividends are starting to get paid at a steady rate from the income of the first batch then that wouldn't be so bad.
What is needed is a time frame and condition for when the second batch of shares will be released.

True. I've never said it's bad, but unpredictability is.

I agree with you a time frame and a condition would be appreciated.

Speculation Scenario A:
If the second batch was released and we started seeing steady dividends from the first batch of Garden it might become a second wave of demand from buyers in the long run assuming success

Of course that's in the long run today a clarification is what is needed.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: freedomno1 on August 02, 2013, 12:12:21 AM

Well if the second batch is used to fund the third line of products and acts as a buffer when dividends are starting to get paid at a steady rate from the income of the first batch then that wouldn't be so bad.
What is needed is a time frame and condition for when the second batch of shares will be released.

True. I've never said it's bad, but unpredictability is.

canuckgal

member

Activity: 104

Merit: 10

Quote from: ?? on ??

Quote from: superduh on August 01, 2013, 06:45:14 PM

BTCGARDEN Buy 68000 0.016000 1,088.000000

1088 btc purchase! who did that

I could be.... Satoshi Huh

Too much? Im a bull! *roar*

Lol I wish, but I dont think its a bad move for whoever did it. Maybe a bull just got their satoshi payout and wants to quadruple their investment.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Well if the second batch is used to fund the third line of products and acts as a buffer when dividends are starting to get paid at a steady rate from the income of the first batch then that wouldn't be so bad.
What is needed is a time frame and condition for when the second batch of shares will be released.

Mytche

newbie

Activity: 56

Merit: 0

Quote from: dhenson on August 01, 2013, 10:09:11 PM

Quote from: Franktank on August 01, 2013, 09:55:51 PM

Quote from: kingcrimson on August 01, 2013, 09:51:41 PM

Looks like someone had buyers remorse, selling under IPO

aiwill plans to provide some updates and clarifications soon, curious to see what it'll be.

I hope they have a plan to move the 2nd 2,000,000 shares. Stating that the 2nd batch will be at a higher price without specifying a timeline or a price point will just stagnate the stock for an unacceptable period of time while not providing any benefit. It will also piss off any future investors that happen to purchase above the 2nd batch price point. IMO Learn from the AMC fiasco and communicate the remaining share release schedule.

I agree, releasing IPO shares in batches is just flawed. It would be much better and probably raise a lot more BTC if they only raise what they could conceivably need now and have a secondary IPO after the market for their shares a has matured (and most likely appreciated).

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: dexX7 on August 01, 2013, 11:38:41 PM

Quote from: aiwill on July 30, 2013, 05:41:53 AM

Initial Offering:

4,000,000 shares of BTCGARDEN,which occupy 40% of BTCSEA CO.,Ltd`s market value, will be made available to the public at btct.co. First 2,000,000 shares will be put up in value beginning at 0.016 BTC/share ,the rest of 2,000,000 shares will be issued with higher price as soon as the first 2,000,000 shares have been sold out.I.e.:

2,000,000 shares @ 0.016 BTC

2,000,000 shares @ higher than 0.016 BTC

The other 6,000,000 shares are held by investors of BTCSEA CO.,Ltd ,which are not available and limited to open in next 2 years. Pass Through stocks based on these shares are prohibited in next 2 years as well.Public shareholders have no such restriction.

Hi aiwell,

I want to know more about the second batch of issued shares. Can you make statements like "we don't sell them in the first two months" or be in any way else more specific?

Or better yet, the second batch won't be sold for less than .072 btc / share. Wink

Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 29. (Read 198202 times)