Post
Topic
Board Securities
Re: [HAVELOCK] SCRYPT 10 GH/s hosted scrypt mining project by CRYPTX - IPO 7 MAY
by
twentyseventy
on 07/05/2014, 13:36:23 UTC
At curent prices you would pay 163.4 usd per MH for the first 10.000 units. (much more if btc will rise)
You will have a few months at most mining with profit , accounting the flood of scrypt asics.
Some examples:
  - 125  usd/MH - The War Machine GawMiners
  - 33.31 usd/MH - Titan KnC


Looking at already available hardware like the Gridseed Blade.

These machines run +5.2Mhs. (averaging 5.6Mhs most of the time)

They nowadays retail at $950 when ordered in larger quantaties the price will more likely be around $750-$800 judging from the fact there are currently resellers which charge anywhere from 820-950.

But for the calculations, let's assume $800
At current btc price of $430 this would mean 1.86BTC

one blade would represent 52 shares of 100kh/s on SCRYPT-X
52 shares at IPO would cost 1.976BTC

In case all 100k shares are sold the average IPO price is 0.04475 a share.
For 52 shares it would mean 2.327BTC

We all now Gridseed is able to deliver quick and thus hardware will be available within 2 weeks.

Therefor the IPO price isn't cheap and I can say without hesitating, the premium of about 25% you pay is quite steep.

Great analysis, cost basis is extremely important here with high hashrate machines coming very soon-