I try to buy some shares on btct.co, but it says "Excessive wait trying to get lock on BTCGARDEN."
What does it mean?
What does it mean?
Too much traffic
Topic: [BTCT.CO] [IPO-cancelled] BTCGARDEN MINER---Eyes to the horizon - page 32. (Read 198202 times)
August 01, 2013, 09:23:56 AM
Too much traffic
August 01, 2013, 09:22:05 AM
I try to buy some shares on btct.co, but it says "Excessive wait trying to get lock on BTCGARDEN."
What does it mean?
What does it mean?
August 01, 2013, 09:18:40 AM
27% of the 1st share batch now sold.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
We willDue to the troubles from both english and functions of the platform, many chinese BTCers and members of btcman.com are still learning how to use btct.co at the moment.
Thanks for Franktank`s explaination in this thread. I would like to emphasize the usage of the IPO funds again:
1. Second batch with a huge amount of wafers.
2. Deployment costs for at least several hundreds TH.
3. 2ed-gen chips, 80% odds to 40nm and 20% to 55nm.(BTW: again, 28nm is unrealistic due to the capacity of Fab and the cost )
4. We run this project as a long-term biz, so we need to reserve a part of funds with RMB (CNY,chinese legal money). We need to hold an amount of funds in order to meet probable demands or possible risks.
5. At least currently, our stock is probably not that good for pure speculators.
You emphasized that you did a full mask tape-out for the first batch even without a sample testing. While it shows your confidence and willingness to get things online as fast as you can, it inevitably is a risk.
So my question is, how big the risk is? what if it fails? how much money and time it would cost you? (and your investors).
I'm a potential investor, thanks for answering!
August 01, 2013, 08:58:47 AM
Oh wow, you sure have at least one big fan
August 01, 2013, 08:21:55 AM
Hey
how frequent will be the dividend payout?
All of the mining and sales profits will be paid out to the shareholders of BTCGARDEN weekly through btct.co. how frequent will be the dividend payout?
August 01, 2013, 08:21:30 AM
Watching
August 01, 2013, 08:18:20 AM
Hey
how frequent will be the dividend payout?
how frequent will be the dividend payout?
August 01, 2013, 07:39:58 AM
I'm sincerely confused why all the hype is with labcoin and not BTCGarden. What part of "we're gonna deploy 200TH by the end of October and then 300TH more by the end of the year" do people not understand?
If LabCoin and BTCGarden have an equal chance to reach and keep 10-20% of the hashrate within the next 6 months, then LabCoin is a much better stock to invest in since the cost is so low.
However, if you believe that one has an advantage then it's less of a clear decision. If BTCGarden can sell out all of the shares in the next 2 weeks, I think that they'll be better positioned from a capital standpoint to deliver several generations of equipment.
I have investments in AM, AMC, LABCOIN and BTCGARDEN now. I'm looking to hold for quite some time - in an ideal world, they each manage 10% network share + massive hardware sales.
August 01, 2013, 06:47:43 AM
27% of the 1st share batch now sold.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
We willDue to the troubles from both english and functions of the platform, many chinese BTCers and members of btcman.com are still learning how to use btct.co at the moment.
Thanks for Franktank`s explaination in this thread. I would like to emphasize the usage of the IPO funds again:
1. Second batch with a huge amount of wafers.
2. Deployment costs for at least several hundreds TH.
3. 2ed-gen chips, 80% odds to 40nm and 20% to 55nm.(BTW: again, 28nm is unrealistic due to the capacity of Fab and the cost )
4. We run this project as a long-term biz, so we need to reserve a part of funds with RMB (CNY,chinese legal money). We need to hold an amount of funds in order to meet probable demands or possible risks.
5. At least currently, our stock is probably not that good for pure speculators.
Love your style. I'm in
August 01, 2013, 05:54:49 AM
27% of the 1st share batch now sold.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
We willDue to the troubles from both english and functions of the platform, many chinese BTCers and members of btcman.com are still learning how to use btct.co at the moment.
Thanks for Franktank`s explaination in this thread. I would like to emphasize the usage of the IPO funds again:
1. Second batch with a huge amount of wafers.
2. Deployment costs for at least several hundreds TH.
3. 2ed-gen chips, 80% odds to 40nm and 20% to 55nm.(BTW: again, 28nm is unrealistic due to the capacity of Fab and the cost )
4. We run this project as a long-term biz, so we need to reserve a part of funds with RMB (CNY,chinese legal money). We need to hold an amount of funds in order to meet probable demands or possible risks.
5. At least currently, our stock is probably not that good for pure speculators.
August 01, 2013, 05:51:58 AM
For an IPO coming so soon after the BTC tractor beam that was the Labcoin IPO, it looks like a good start to me. More expensive, sure, but for anyone looking long term, it's another solid investment opportunity.
August 01, 2013, 04:10:46 AM
27% of the 1st share batch now sold.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
Not exactly exciting - but still looks to me like they'll fill this batch in a few days.
August 01, 2013, 03:31:58 AM
I think that in the long term this will be a better investment. I've put 30% in Labcoin and 70% in BTCGarden.
August 01, 2013, 03:25:46 AM
I also picked up a bunch of shares with BTC left unfilled from the Labcoin IPO
August 01, 2013, 01:57:30 AM
Picked up 350 shares of this. Lets see what happens !
Good luck everyone !
Good luck everyone !
August 01, 2013, 12:35:28 AM
Too busy to read through all replys, we might should give an ANN of IPO in advance , sry for any possible inconvenience.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
I also wish you good fortune in your ventures been watching since the announcement in June
August 01, 2013, 12:24:28 AM
Too busy to read through all replys, we might should give an ANN of IPO in advance , sry for any possible inconvenience.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
GOOD LUCK!
August 01, 2013, 12:17:41 AM
Too busy to read through all replys, we might should give an ANN of IPO in advance , sry for any possible inconvenience.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
and yes, it has begun : https://btct.co/security/BTCGARDEN ，We've already put up 2,000,000 shares at the price 0.016BTC per share, about 470,000 shares traded till now.
August 01, 2013, 12:16:11 AM
I'd say that's incredibly wishful thinking but we will see. It looks dead in the water to me.
Could you explain why? Again, the first chip batch is paid for.
August 01, 2013, 12:14:31 AM
Over 20% sold of the first tranche of 2 Million shares.
I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.
It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.
I expect it'll sell out over the next day or two. It'll be interesting to see what price they release the 2nd 2Million shares at.
Anyone buying at higher than 0.016 will be taking a big risk that they release the next lot at only a tiny amount higher.
It seems strange to me that they haven't given some approximate indication of how much higher they might price the 2nd tranche... because without some idea, people won't be in any hurry to bid up prices.
I doubt that the 2 million will be sold in couple of days, probably months. Expect others will sell their shares at lower price.
I am pretty positive that the rest will gone by tomorrow at most. It's impressive that 1/4 already gone without any advance "IPO start" notice. Guess what will happen when investors in US and EU wake up.
I'd say that's incredibly wishful thinking but we will see. It looks dead in the water to me.
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