### GRIDSEED Group-Buy Shares - Forum Added for Buyers ###

drakoin

hero member

Activity: 826

Merit: 1000

see my profile

Quote

The trading of FAS and GRID has come to a complete halt - for many reasons yes.
But also because of the 0.000001 constraint at cryptostocks.com - 100 Satoshi is the minimum, really stupid.
The buy order book is empty because no one can make an offer for e.g. 50 Satoshi.

If trading resumed, this stock could become interesting again.
And if not, it's dead anyways.

I just had this idea:

What about creating two new stocks FAS1000 and GRID1000,
and somehow convert all old stocks FAS into the new ones FAS1000 ?

So:
For each 1000 FAS that I own, I would get 1 FAS1000.
For each 1000 GRID that I own, I would get 1 GRID1000.

Is that possible?
What would have to be done for that?

Or is it even possible without the need for new stocks FAS1000 and GRID1000,
and instead do this re-valuation for the existing FAS and GRID?

Thanks for your attention, ideas, input.

:-)

http://gridasics.proboards.com/thread/37/fas-grid-shares-fas1000-grid1000

fasbit

sr. member

Activity: 425

Merit: 253

UPDATE:

All group buy miners have been delivered.

We shipped a total of 75 miners.
With 125 left for the pool.

Miners are running!! I expect dividends to come in every other day...
Mining Activity: http://goo.gl/cnTqfn

Also please check out my latest project:
http://goo.gl/zwj58k

Please jump in if you want to see 100% free crypto exchange trading...

/fasbit

thy

hero member

Activity: 685

Merit: 500

fasbit i saw that you in your forum the 23 mars said that you coulden't find usb cables cheep anywhere ??
"..the USB cords are the main issue...NO ONE has these for chaep..."
bitcoinstore has usb cables for 1,19-1,37 usd / 0,0021-0,0024 BTC, but maby that is to expensive ??
http://www.bitcoinstore.com/1ft-usb-a-to-usb-b-high-speed.html type A to B 1,19$/0,0021BTC
http://www.bitcoinstore.com/qvs-usb-2-0-type-a-male-to-mini-b-male-sync-and-charger-cable.html type A to MINI B 1,37$/0,0024BTC

and the full list of usb cables they have:
http://www.bitcoinstore.com/advancedsearch/result/index/?dir=asc&order=price&q=usb+cable

thy

hero member

Activity: 685

Merit: 500

To reply to what was mentioned in gridseeds forum, picture 31 is the gridseed product and it appears to have the correct CE marking see this http://ec.europa.eu/enterprise/images/ce_mark_big.gif for example and there is cases where the identification number must not follow the CE marking on the product.

thy

hero member

Activity: 685

Merit: 500

Quote from: closesat315am on February 24, 2014, 10:35:00 PM

i hope they went ahead and sold the btc right when the round closed, it is going down now, eek, i hope my shares are still enough for one full physical unit

fasbit has sold 65 BTC at an avg price of 601.46 USD/BTC on Coinbase a couple of days ago(26 feb i think), fasbit posted the info on there forum then. He expect to have the cash on or before the 3 Mars and wire the money to Gridseed the same day he gets the cash.

closesat315am

member

Activity: 77

Merit: 10

i hope they went ahead and sold the btc right when the round closed, it is going down now, eek, i hope my shares are still enough for one full physical unit

MickGhee

legendary

Activity: 1428

Merit: 1001

Fucker of "the system"

got a great deal on ipo only got 400 shares tho had to sell p2pxpm no buyers get another 1000

thy

hero member

Activity: 685

Merit: 500

Quote from: solidminds on February 24, 2014, 05:33:05 AM

Will there be any info on the mining proces once its up? Can we check how much income the miners generate?

Not sure what degree of statistic they will provide but here's an estimate(coinwarz) for GRID based on todays btcprices and profitabillity based on the following: usd per btc 543,59(very low now would have been better to exchange yesterday at ~620 or next time up over 600 in my opinion), 160 usd/miner 164.467 inkl controller, 65 370 000 shares 7 watt scrypt only or 7+53=60w(Scrypt+SHA256), 0.09 usd/kwh, dual mining mode(scrypt+sha256) 300 kh scrypt+8gh/s btc or 350 kh/s scrypt only.

scrypt+sha256 ->inkl btc
per miner/day or in usd btc/day btc/day div per div per share exchange @ exchange @
without with with all miners share and and week 600 usd/coin 650 usd/coin
electr electr electr and day per week per week
BEST scrypt 1/228,22 btc 2,38 2,37 0,005427 1,166 btc 1,784 sat ~12sat/12% ~14sat/14% ~15sat/15%
DOGE 1/348,74 btc 1,56 1,55 0,003918 0,842 btc 1,288 sat ~9sat/9% ~10sat/10% ~11sat/11%
LTC 1/423,48 btc 1,28 1,27 0,003403 0,731 btc 1,118 sat ~8sat/8% ~9sat/9% ~9sat/9%
BTC 1/777,86 btc 0,70 0,58

scrypt only
per miner/day or in usd btc/day btc/day div per div per share exchange @ exchange @
without with with all miners share and and week 600 usd/coin 650 usd/coin
electr electr electr and day per week per week
BEST scrypt 1/207,94 btc 2,61 2,60 0,004783 1,027 btc 1,572 sat ~11sat/11% ~12sat/12% ~13sat/13%
DOGE 1/298,92 btc 1,82 1,80 0,003311 0,711 btc 1,088 sat ~8sat/8% ~8sat/8% ~9sat/9%
LTC 1/360,24 btc 1,51 1,49 0,002741 0,589 btc 0,901 sat ~6sat/6% ~7sat/7% ~8sat/8%

So in the ballpark of 8-15 satouchi per 100 sat share per week or 8-15% weekly return on investment if mining dual at the specified rates, if better firmware will be avaliable some seems to think they may produce around 500kh/s scrypt but it may be better to skip the extra 53 watts sha256 mining would add then if they will go up and run at such rates, the added heat in comparison to the return from it will hardly be worth the increase in temperature and risk for failures. Next difficultyincrease for btc looks to be around 25% so when miners arrive the btcmining(SHA256) part will be at around 0.44 usd/day at current usd/btc price.

fasbit

sr. member

Activity: 425

Merit: 253

IF you are a GRID shareholder, please log in and vote. This is quick vote.

Vote is:
1-Sell BTC now and place the order.
2-Hold off and wait until $620 USD
3-Hold off and wait until $640 USD.

jfunk138

newbie

Activity: 6

Merit: 0

Quote from: thy on February 23, 2014, 01:23:53 PM

Galvin i saw your question in grid's own forum, (i haven't registered there) and you diden't get a good answer there i think. The correct answer is of course if you need the 1 btc you invested back fast and if you bought at the IPOprice 0.000001 then you can just put up a sellorder at 0,000001, there is buyorders for 3,5 million shares(3.5 BTC worth of shares) so it shouldent be any problem for you to get them sold.

If you on the other hand bought at 0.000002(or if you hope to make 1 btc profit and bought at 0.000001) you need keep your sellorder at 0.000002 wait until as many stocks have been bought from the sellorders that equals the amount that was put up at 0.000002 btc before your sellorder, then buy's at 0.000002 start eating into your sellorders.

As soon as the miners arrive and start generating btc's it should go pretty fast i suspect to tear down orders at 0.000002 and quite a bit up.

Another option for galvin might be to sell his shares over the counter (bulletin board trading) for 1.5 satoshi (or some other fractional amount). Obviously there is some risk to not using the exchange. Given the number of trades at 2 satoshi, I bet he could find quite a bit of interest at 1.5 satoshi and skip the line to sell at 2 and still make a nice profit.

solidminds

newbie

Activity: 44

Merit: 0

Will there be any info on the mining proces once its up? Can we check how much income the miners generate?

arbitrage001

legendary

Activity: 1067

Merit: 1000

The law of investing is governed by return of investment and not by mathematics mechanic (in this case, tick size).

ggc1ose

member

Activity: 68

Merit: 10

Quote from: thy on February 23, 2014, 01:23:53 PM

As soon as the miners arrive and start generating btc's it should go pretty fast i suspect to tear down orders at 0.000002 and quite a bit up.

So if everybody knows it will go up, why don't they buy now?

thy

hero member

Activity: 685

Merit: 500

Galvin i saw your question in grid's own forum, (i haven't registered there) and you diden't get a good answer there i think. The correct answer is of course if you need the 1 btc you invested back fast and if you bought at the IPOprice 0.000001 then you can just put up a sellorder at 0,000001, there is buyorders for 3,5 million shares(3.5 BTC worth of shares) so it shouldent be any problem for you to get them sold.

If you on the other hand bought at 0.000002(or if you hope to make 1 btc profit and bought at 0.000001) you need keep your sellorder at 0.000002 wait until as many stocks have been bought from the sellorders that equals the amount that was put up at 0.000002 btc before your sellorder, then buy's at 0.000002 start eating into your sellorders.

As soon as the miners arrive and start generating btc's it should go pretty fast i suspect to tear down orders at 0.000002 and quite a bit up.

ManeBjorn

legendary

Activity: 1288

Merit: 1004

I was able to buy into the IPO due to the share price. It was great for me as I do not have much money or BTC.
This pricing setup allowed me to get 29000 shares. I'm glad it was set this way.
Thanks again for thinking of those of us that do not have lots of money to invest.

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: jfunk138 on February 20, 2014, 10:21:18 AM

Quote from: jfunk138 on February 20, 2014, 10:08:23 AM

Quote from: fasbit on February 20, 2014, 05:47:33 AM

Quote from: jfunk138 on February 19, 2014, 05:52:44 PM

Why was the IPO offer price chosen as 0.000001? In order to purchase post IPO, it's a minimum double of the IPO price (0.000002). Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point. Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high. I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.

Here's the technical term for what I am referring to:
http://en.wikipedia.org/wiki/Tick_size

Its a valid point, but I chose .000001 for several reasons. I think the advantages outweigh the disadvantages. Rationale:
  1. To allow even the smallest investor a chance to participate. (there were 1000's of single shares sold)
  2. The price of .000001 also set a minimum floor to protect initial investors. i/e the price can't go lower. Obviously the market could dry up, but price cant go down.
  3. The IPO price was designed to give early adopters maximum profitability options and therefore encourage investment. i/e assuming I can deliver market and share value, the price is certain to increase. Then the IPO stakeholders have the option to sell out or stay in... and can sell at or higher than the initial per share investment. This gives them an extra incentive to invest.

Just put in a BUY order for .000001 and buy from the people who don't want to stay in...

/fasbit

jfunk138

newbie

Activity: 6

Merit: 0

Quote from: jfunk138 on February 20, 2014, 10:08:23 AM

Quote from: fasbit on February 20, 2014, 05:47:33 AM

Quote from: jfunk138 on February 19, 2014, 05:52:44 PM

Why was the IPO offer price chosen as 0.000001? In order to purchase post IPO, it's a minimum double of the IPO price (0.000002). Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point. Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high. I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.

Here's the technical term for what I am referring to:
http://en.wikipedia.org/wiki/Tick_size

hasher87

hero member

Activity: 686

Merit: 500

Quote from: jfunk138 on February 20, 2014, 10:08:23 AM

Quote from: fasbit on February 20, 2014, 05:47:33 AM

Quote from: jfunk138 on February 19, 2014, 05:52:44 PM

Why was the IPO offer price chosen as 0.000001? In order to purchase post IPO, it's a minimum double of the IPO price (0.000002). Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point. Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high. I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.

you must be so pissed, missing out the lowest IPO price available for cryptostocks, and the only way to buy it is at the price of 2x of the IPO

jfunk138

newbie

Activity: 6

Merit: 0

Quote from: fasbit on February 20, 2014, 05:47:33 AM

Quote from: jfunk138 on February 19, 2014, 05:52:44 PM

Why was the IPO offer price chosen as 0.000001? In order to purchase post IPO, it's a minimum double of the IPO price (0.000002). Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point. Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high. I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.

fasbit

sr. member

Activity: 425

Merit: 253

Quote from: thy on February 20, 2014, 12:12:22 AM

Quote from: vleroybrown on February 19, 2014, 06:30:00 PM

I live within a few hours drive of Tulsa. The device itself would possibly be useful in bitcoin meetings I founded here in the community and at the college I attend. How many shares are necessary to own a whole unit given I come pick it up?

fasbit made a ruff estimate of 241 600 shares, 0,2461 btc earlier based on 160 usd per unit and 650 usd/btc, i guess he will have a better number today Thursday if he has converted btc to usd(or already have the necessary 35k usd available in fiat) and orders the units today if usd bank transfer is the option gridseed take as payment for international customers.
Not sure what bank and payment options Gridseed has but if they have a European bank account they could take SEPA transfers and should have the money within 24 hrs max in there account, in that case delivery should be pretty fast of the units.

I ran in to a snag on the conversion to USD. CampBX my preferred vendor stopped doing ACH withdraws. They now only issue paper checks. I am working on a solution. I have contacted Gridseed to try a work-around. Still waiting on reply.

Topic: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### (Read 6254 times)