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Showing 6 of 6 results by BigUrb
I wouldn't say the token is backed by anything. You have no contract with them as if it were a stock. Maybe the valuation on the token takes into consideration the amount of assets under their control but that's it. If they shut their doors you get nothing and they are legally obligated to give you nothing.
You are correct my valuation was off by miles. Thank you for making me revisit the Iconomi website. It had been a while since I looked at the reports and I just read the January AMA. It's worse than I described originally. The didnt make $50k profit they actually lost almost $700k.
The value of the token is derived from:
1. 3% BLX management fee
2. 30% of fees collected from other DAAs
3. 20% of realized CCP. "Realized" is the key word here
So my original post that says 3% of all profits was way off. I dont have time to get into specific numbers but feel free to run them yourselves.
To recap: DAA's = good
ICN token = shit
You are correct my valuation was off by miles. Thank you for making me revisit the Iconomi website. It had been a while since I looked at the reports and I just read the January AMA. It's worse than I described originally. The didnt make $50k profit they actually lost almost $700k.
The value of the token is derived from:
1. 3% BLX management fee
2. 30% of fees collected from other DAAs
3. 20% of realized CCP. "Realized" is the key word here
So my original post that says 3% of all profits was way off. I dont have time to get into specific numbers but feel free to run them yourselves.
To recap: DAA's = good
ICN token = shit
They have already stated that the ICN token is backed by all the assets of Iconomi, meaning all the btc, eth, lisk and anything else that was collected in the ICO as well as their ICO investments. So your calculation is off by miles because their book value is over $400M which means that their price-to-book ratio is around 0.64 according to IcnHoder.com. That kind of price to book value is rare in the real world and unheard off in the crypto world 
True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.
Also as the poster before me stated, the Q4 report always comes out the last day of the month.
My guess would be that its because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAAs. Seeing how their Q3 report was abysmal at best its no wonder they arent releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAAs just stay away from the token, its a waste of your money.
True, people are wary because the ICN token doesn't have any utility apart beeing burnt but that will change soon.Also as the poster before me stated, the Q4 report always comes out the last day of the month.
What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.
My guess would be that its because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAAs. Seeing how their Q3 report was abysmal at best its no wonder they arent releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAAs just stay away from the token, its a waste of your money.
What I wonder is why the performance of the ICN token is so bad, given the active managment of the fund and their good vetting for promising ICOs. The performance is much lower than just the Top20 Crypto index fund.
My guess would be that its because the token has zero utility. The only thing it does is gives you a cut of 3% of the profits of all the DAAs. Seeing how their Q3 report was abysmal at best its no wonder they arent releasing Q4.
Think about it, if they post profits of $100M (which seems unlikely anytime soon seeing as how Q3 was $50k), 3% of that would be $3M. Divide that by 99M tokens and you get a massive value of $.03 per token.
There really is no reason for this company to have a token other than trying to get around actually being considered an etf. Invest in the DAAs just stay away from the token, its a waste of your money.
Re: Bitmain Antminer S9 Troubleshooting Blank Hardware Version
I thought I would register an account here and post my findings since google has brough me to these forums many times in the past it was long overdue.
I had the same problems with my November batch having the hardware version not showing up and I've gone through the various suggestions provided.
I ended up flashing different versions of firmware but the one which is running right now is S9_V2.30 autotune. I originally had S9_V2.54 when the miner shipped to me but I couldn't find that firmware anywhere on the bitmain site.
I took the hashboards out to see if they needed to be cleaned or dusted but they were good for the most part. I dusted out what I could and put it back together. Still no good. I gave up and opened a ticket with bitmain thinking all was lost.
I then had an idea to try and start the miner with only the main board connected (the hashboards had power to them but were not connected to the main board) ... sure enough I was able to get the hardware version to show up.
I connected the hashboards to the main board and left it.. sure enough it started hashing again all back to normal.
something worth trying.
Was the miner still running when you reconnected the hashboards to the main board? Or did you unplug it, reconnect and then restart?I had the same problems with my November batch having the hardware version not showing up and I've gone through the various suggestions provided.
I ended up flashing different versions of firmware but the one which is running right now is S9_V2.30 autotune. I originally had S9_V2.54 when the miner shipped to me but I couldn't find that firmware anywhere on the bitmain site.
I took the hashboards out to see if they needed to be cleaned or dusted but they were good for the most part. I dusted out what I could and put it back together. Still no good. I gave up and opened a ticket with bitmain thinking all was lost.
I then had an idea to try and start the miner with only the main board connected (the hashboards had power to them but were not connected to the main board) ... sure enough I was able to get the hardware version to show up.
I connected the hashboards to the main board and left it.. sure enough it started hashing again all back to normal.
something worth trying.
Re: [38+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,JP,NL,NYA 🐈
Sorry for the noob question but if I have a kanopool account and an Antminer S9 what address do i use for the pool? stratum+tcp://stratum.kano.is:3333 or stratum+tcp://nonce.kano.is:27181
thanks
thanks
Re: [25+PH] KanoPool kano.is BEST 0.9% fee PPLNS US,DE,SG,JP,NL,NYA 🐈
So I ordered a pair of S9's a couple months ago, due to be delivered late Jan.
While searching for a pool i came across this thread. I've been following along for a couple weeks now and have been rooting for ya'll to get some blocks. When you hit these last 2 I was so pumped for you guys. I can't wait to join the fun.
Happy New Year!
While searching for a pool i came across this thread. I've been following along for a couple weeks now and have been rooting for ya'll to get some blocks. When you hit these last 2 I was so pumped for you guys. I can't wait to join the fun.
Happy New Year!