[PicoStocks] 100TH/s bitcoin mine [100th] - page 79.

gyverlb

hero member

Activity: 896

Merit: 1000

Quote from: dhenson on May 23, 2013, 08:56:41 PM

Quote from: gyverlb on May 23, 2013, 06:31:25 PM

The 5th largest shareholder sold a little more than 10% of his/her shares.
With that move this shareholder nearly recovered 50% of the initial investment while reserving 85% of it for future price increases. Seems to be a very sane move.

But what I wonder is: what makes your think it was tytus?

+1

I'm thinking you are interpreting this correctly. I'm amazed at how fast that wall dissipated. Prepare for prices to run over the next 48 hrs ;-)

They should increase but if I were one of the largest shareholders, I'll do what the 5th largest did (until chips are hashing online there's still a substantial risk that the mine fails to deliver, it makes sense to mitigate this risk by selling a fraction of the shares).
When the opportunity comes for these largest shareholders to do so, we should see some large walls on the way up (which is good for people starting to invest in the near future: this will prevent the prices to go to insane heights too quickly and the stocks should still be profitable).

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: gyverlb on May 23, 2013, 06:31:25 PM

The 5th largest shareholder sold a little more than 10% of his/her shares.
With that move this shareholder nearly recovered 50% of the initial investment while reserving 85% of it for future price increases. Seems to be a very sane move.

But what I wonder is: what makes your think it was tytus?

+1

I'm thinking you are interpreting this correctly. I'm amazed at how fast that wall dissipated. Prepare for prices to run over the next 48 hrs ;-)

Gomeler

hero member

Activity: 697

Merit: 500

Is there another place to purchase 100TH stocks besides picostocks?

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: kaerf on May 23, 2013, 06:44:34 PM

sorry, did not mean to out him.

anyway, looks like the wall is slowly fading away.

Hang on... Do you 1) know that this was tytus and you didn't mean to reveal that or do you 2) not know that this is Tytus and you didn't mean to imply this was him?

.b

kaerf

hero member

Activity: 631

Merit: 500

sorry, did not mean to out him.

anyway, looks like the wall is slowly fading away.

gyverlb

hero member

Activity: 896

Merit: 1000

Quote from: kaerf on May 23, 2013, 04:29:08 PM

aww tytus...you had to make that wall didn't you? i was fun watching it shoot up Tongue

at least there is more liquidity now.

The 5th largest shareholder sold a little more than 10% of his/her shares.
With that move this shareholder nearly recovered 50% of the initial investment while reserving 85% of it for future price increases. Seems to be a very sane move.

But what I wonder is: what makes your think it was tytus?

dhenson

legendary

Activity: 994

Merit: 1000

Quote from: kaerf on May 23, 2013, 04:29:08 PM

aww tytus...you had to make that wall didn't you? i was fun watching it shoot up Tongue

at least there is more liquidity now.

Umm... wtf over? Could someone please claim ownership of this wall?

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: kaerf on May 23, 2013, 04:29:08 PM

aww tytus...you had to make that wall didn't you? i was fun watching it shoot up Tongue

at least there is more liquidity now.

Uhm... Seriously? The issuer dumps shares at below bid?

NOT good.

kaerf

hero member

Activity: 631

Merit: 500

aww tytus...you had to make that wall didn't you? i was fun watching it shoot up Tongue

at least there is more liquidity now.

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

Quote from: dhenson on May 23, 2013, 12:46:25 PM

If BFL starts shipping 400 units per day then these shares are currently at a pretty good price. If BFL doesn't ship en masse soon, they are undervalued.

https://forums.butterflylabs.com/bfl-forum-miscellaneous/2838-may-22-2013-update-discussion-thread-4.html#post34834

tl;dr: Mass shipping should start in two weeks.

.b

(I also now hold some 100TH shares)

dhenson

legendary

Activity: 994

Merit: 1000

If BFL starts shipping 400 units per day then these shares are currently at a pretty good price. If BFL doesn't ship en masse soon, they are undervalued.

Probably worth throwing a couple BTC at IMO.

(disclaimer, I bought a few last night and this is just my opinion based on back of the envelope number crunching)

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

I saw (and comment on) this today:

http://www.reddit.com/r/Bitcoin/comments/1ew9mt/is_100th_next_asicminer_jumps_40_in_a_week_up_500/

Might explain the sudden burst in attention and price hike.

.b

ronaldlee0917

full member

Activity: 238

Merit: 100

Quote from: Dexter770221 on May 22, 2013, 10:26:56 AM

Current hashrate is ~100TH, so if mine will start in a month there's a chance to hold almost 50% of total hashrate. This looks very promising Wink

Can't wait first dividends Wink

bitcoin per 10 minutes = 25
bitcoin per month = 25 * 6 * 24 * 30 = 108000
Assume we will just have 30%(clearly an underestimation) of the total hashrate, we will get 108000 * 0.3 / 500000 = 0.0648 btc per share
I expect 0.05-0.08 dividend per share for the first few months after deployment which should be able to cover the cost of the stock at the current price. With PE < 1, the price is still quite cheap imo.

Vbs

hero member

Activity: 504

Merit: 500

Quote from: kaerf on May 23, 2013, 01:57:52 AM

This security is different than AM. Unless tytus changes his plans, the hash rate will not change, so one share will always be 200MH/s.

That said, it might be much more lucrative to convert this security into an AM like security with future plans to expand hash rate and/or sell devices. The profit from selling shares could far surpass actual mining revenue. Obviously, as an investor, that is a self-serving statement and ultimately tytus is unlikely to convert.

This. You're buying a fixed 200MH/s per share (minus operating costs). The profitability will depend heavily on the starting day of the operation, since you won't be entitled to any extra capacity down the line, unless you buy more shares. The network difficulty is expected to be ~10x what it is today in ~6 months.

I don't think they will be changing the security to the AM model, it seems when they have more capacity to sell they'll just issue more shares.

kaerf

hero member

Activity: 631

Merit: 500

This security is different than AM. Unless tytus changes his plans, the hash rate will not change, so one share will always be 200MH/s.

That said, it might be much more lucrative to convert this security into an AM like security with future plans to expand hash rate and/or sell devices. The profit from selling shares could far surpass actual mining revenue. Obviously, as an investor, that is a self-serving statement and ultimately tytus is unlikely to convert.

Quote from: tytus on March 28, 2013, 06:06:58 PM

Quote from: kaerf on March 28, 2013, 03:02:58 PM

What are the long term plans for the 100TH security?

1. We will discuss with FinCEN the legal aspects of bitcoin mining in US :-)
2. Dave is preparing tha data center for "cyber" attacks
3. There is no theft protection ... we will think about this

Quote from: kaerf on March 28, 2013, 03:02:58 PM

Will the capacity be expanded?

This is not planed. This would complicate the deal. There is still sufficient variability of profitability due to the unpredictable network hash rate and btc price. It is possible that the mine generates revenues that are higher that the presented optimistic scenario.

Quote from: kaerf on March 28, 2013, 03:02:58 PM

If so, what kind of share dilution will there be? Was funding for these 3 projects separate or all under the umbrella of the "100th"? With Asicminer, they have a separate company, bitfountain, that owns the majority of shares, but I believe future development and hashing power is added to the total capacity of ASICMINER. Is this project similar or are the other business activities separate ventures?

Funding is independent. Even if there would be no funds raised the project would continue as planned. The IPO* was intended mainly to test the shares as a distribution channel. However after publishing the FinCEN guidelines we believe the shares could be less risky for US miners than possession of mining equipment :-)

dhenson

legendary

Activity: 994

Merit: 1000

Wow, been watching this for a while. Price is almost .2, 5 x IPO.

Crazyness. Is this Asicminer 2.0 or since the haven't committed to maintaining Network Hash % are we to expect longer ROI?

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Is this asset subject to any kind of dilution? Can I count on the purchase of 1 share being, always and forever, 1/518271th of the company?

Dexter770221

legendary

Activity: 1029

Merit: 1000

Current hashrate is ~100TH, so if mine will start in a month there's a chance to hold almost 50% of total hashrate. This looks very promising Wink

Can't wait first dividends Wink

gebir

member

Activity: 76

Merit: 10

To be or to have

Last Report
Title: Wafer production and chip packaging
published: 2013-05-22 16:35:16

Code:

Wafer production and chip packaging 
First wafers will be completed on 2013-05-25 (few days delay). We have succeeded to request expedited packaging of first chips from the first wafers. We expect receiving packaged chips after 2013-05-30. These will be used to verify the function of the chips and test provisional board design. We believe board assembly with all 100th mine chips before 2013-07-01 is feasible.
 
Created on 2013-05-22 16:30:00 by Leszek Rychlewski; Published on 2013-05-22 16:35:16 by koji;

kaerf

hero member

Activity: 631

Merit: 500

BTW, YiFu from Avalon had lots of good things to say about Bitfury at Bitcoin2013. Apparently they communicate every so often and he was impressed with Bitfury's technical prowess.

Also...wow, last trade @ 0.195.

Tytus/Bitfury/buzzdave, are there any more concrete dates now that chips have supposedly been fabbed?

Topic: [PicoStocks] 100TH/s bitcoin mine [100th] - page 79. (Read 470088 times)