"so i take it for granted that you have 1.6% IPO"
i DONT have that, what dont you understand?
it was SOLD
"it was SOLD"
how much? i mean what the money or BTC earned by selling the 1.6% IPO have been used for , i'm just wondering. no offense.
i have explained this more then 10 times now, 80 btc from the ipo,26 went to me, re invested into asics
ok! good,thank you for your patience . can you explain asics thing? to me....
i am wondering why not reinvest 26BTC into UTC,instead of buying ASICS machine to mine other alt coins!!!! what are you thinking about? i do not know what's going on!
He makes money mining alts and then pays for developments for UTC
And he could even use the BTC to buy UTC and help raise the value
If he had used the 26 BTC already for dev's etc then he would have no more to put into UTC
This way he has a steady income from the asics which he will use for all our benefit (UTC)
And i trust him 110% this is what he will do
thank you,thats exactly it....
powercosts of 29 cent/kw + hardware costs for a gpu farm make it impossible to do that here.aswell as what you already said : better get a monthly return then simply buy up some utc, and then have 0.
you cant buy a gpu farm of 370 mh/s for 26 btc.
an r7950 that gets 650 kh/s is 206,95 euro that means that 370 mh/s is 569 video cards ( =117261,5 euro ) . 4 cards per rig ,so there will aslo be 142 motherboards, 142 cpus, 142x ram, and so on ........as far as i know 26 btc is not 150.000 euro (204378 usd)

This was a long term decision,but i will say that i underestimated the time the money would be locked up, this waiting for asics really sucks.