Post
Topic
Board Securities
Re: Red Star Mining - 40MH/s a share(0.30btc) or 1GH/s for 7.50BTC post - post ASIC
by
matthewh3
on 21/08/2012, 11:15:49 UTC
We'd have to sell about another 200 shares to fully pay for the ASIC plus tax but then we'd be on the magic 40GH/s a share.  Meaning each share in terms of cost would be more profitable and more value then buying your own 3.5GH/s Jalapeño ASIC.
is this a mistake?? 1 share (price of 5day average is 0.235btc) is equal to 1 bitforce single SC (currently priced at $1299?)

What I meant is it works out cheaper to buy our shares than purchasing your own 3.5GH/s Jalapeños ASIC's.  We will soon be purchasing our second BFL Single ASIC@40GH/s meaning we will have 80GH/s over ~2000 shares post ASIC or 40MH/s per share.  We currently have 1850 shares in the wild and need to sell about ~200 shares to cover the import duty of the two 40GH/s ASIC's.