I haven't invested in this or any other PMB because I have done my own research and due diligence. The only reason for this post is to warn others who have not.
Ok, i get it.
Topic: Warning DONT buy BFMines (Read 1183 times)
Ok, i get it.
I haven't invested in this or any other PMB because I have done my own research and due diligence. The only reason for this post is to warn others who have not.
you should always do your own due diligence and own math... I don´t think that issuer has any inside information about BFL, Avalon or any other company numbers about orders, so it is pretty complicated to sue anybody about underestimated difficulty. Maybe it is also your greed and lack of investment skills, not only he is to blame, hmm? It is very naive to invest in mining shares today and await new asicminer. Mining shares are in greedy bubble and every bubble will burst one day.
PS: I am not shareholder and not personally connected with issuer of that share
PS: I am not shareholder and not personally connected with issuer of that share
Buyer beware, he has some nice little clauses in his Contract.
Reason 4 is "The operator must close the bond for other reasons"
Then with this "The operator may choose to buy back contracts at 110% of trading price" so right now he could buy it all back for less than people have bought it for
and this beauty "Please note that this buy-back is a right of the operator, not a duty. Any buy-back is solely at the discretion of the operator"
He has said this isn't what its intended for, but the contact clearly states he can close his asset without paying anything.
The last point id like to make, is this isn't a PMB, but it still is an offering of 1mh/s per bond (with tiny added bonus's) he has tried to blind-site people with misinformation and withholding the truth,
He knows all too well that BFMines will never achieve 100% ROI, but still tries to manipulate people in believing it "may"
Quote
there exists provisions to close the bond for one of the following reasons:
Reason 4 is "The operator must close the bond for other reasons"
Then with this "The operator may choose to buy back contracts at 110% of trading price" so right now he could buy it all back for less than people have bought it for
and this beauty "Please note that this buy-back is a right of the operator, not a duty. Any buy-back is solely at the discretion of the operator"
He has said this isn't what its intended for, but the contact clearly states he can close his asset without paying anything.
The last point id like to make, is this isn't a PMB, but it still is an offering of 1mh/s per bond (with tiny added bonus's) he has tried to blind-site people with misinformation and withholding the truth,
He knows all too well that BFMines will never achieve 100% ROI, but still tries to manipulate people in believing it "may"
just ingore him。
Furkunap has chucked a hissy fit and seems to have a personal grudge against me, I have asked him a simple question as he keep lying to investors, he claims his asset will provide "significant benefit" to his investors but is unable to back this up with actual figures or even rough figures, as one would expect in a real world IPO.
My question to him that caused him to delete all of my comments on his thread was;
Simple question, but it seems furkunap is unable to face facts.
I have only tried to help investors with as much information as possible, Furkunap has blatantly understated predictions on Difficulty rises and it would be almost criminal if this was a regulated market, His assumptions are wrong and he has used these to talk up his asset, he has sold under 40% and this speaks for itself, STAY AWAY from BFmines you will only lose money investing in this as it currently is.
Always do some research of your own, but a great calculator to start is
http://mining.thegenesisblock.com/
My question to him that caused him to delete all of my comments on his thread was;
Quote
Since Tatvm is currently priced at 0.0017 you would need to offer 2.35mhs to compete,
Simple question explain how significant benfits will equate to 135% in bonus's?
Simple question explain how significant benfits will equate to 135% in bonus's?
Simple question, but it seems furkunap is unable to face facts.
I have only tried to help investors with as much information as possible, Furkunap has blatantly understated predictions on Difficulty rises and it would be almost criminal if this was a regulated market, His assumptions are wrong and he has used these to talk up his asset, he has sold under 40% and this speaks for itself, STAY AWAY from BFmines you will only lose money investing in this as it currently is.
Always do some research of your own, but a great calculator to start is
http://mining.thegenesisblock.com/
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