Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
wickedgoodtrader
on 09/09/2013, 20:39:51 UTC
anyone can calculate how much I will receive 17th september from divs?  Huh
4TH/s for a week should, theoretically, generate 160-ish BTC.

The contract says they will hold back 20-30% for reinvestment.  That leaves 112 BTC for distribution.

112 BTC/10,000,000 shares = 0.0000112 BTC/share

That number won't be accurate since they are solo mining.  That means their income will have around a 25 BTC granularity.  160 BTC/week also assumes absolutely average luck.

Jere

And when they pay dividends people will come on and say, "No!!! They didn't mine that BTC! They just went and bought it and are paying dividends. They're scamming you!"

Exactly. It would only cost them a small amount of money to pay dividends to in turn sell at a much higher price thus profiting more.