Post
Topic
Board Securities
Re: Starting a new FPGA mining farm/contract! Cognitive Resurrected on[Havelock]
by
zero3112
on 22/04/2014, 05:13:27 UTC
I originally bought around 37 BTC which I bought for 95 dollars each for a total of 3,515 USD

I then spent 24.6 BTC and bought 41 shares for 0.6 each in July.  Later on I bought some COG.1 and COG.2 got around 1 COG.1 and 4 COG.2 for a total of 12.4 BTC.  Later on COG.1 and COG.2 shares converted to regular shares and I got 100 shares.

Effectively this means I got 141 shares for 37 BTC.

41 shares at 0.6 BTC each = 24.6 BTC
and
100 shares at 0.124 BTC each = 12.4 BTC


141 shares liquidated at 0.01 = 1.41 BTC times bitcoin price of 500 = 705 USD.

Total bitcoin loss 35.59 BTC.
Loss equated to USD 2,810 dollars.

Even liquidated at 0.02 for 2.82 BTC times bitcoin price of 500 = 1,410 USD which still equates to a total loss of 2,105 USD. Still a loss of more then 50% in USD.

This whole asset is an epic fail it not only losses bitcoin but manages to loss USD too. There's no way anyone came ahead on this.