RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question for bagholders who still believe in this scam......Exactly. I would also like to add that mining power of HIVE at the end of Q4 was 10.6MW. They added 6.8MW in April which is 17,4MW in total. They will add another 6.8 by the end of April. They still don't have 20MW. The rate of mining for the rest of Q4 will be the same as at Feb 26th, that's why it is possible to estimate the Q4 coines mined. And by using ETH price of $400 you get these numbers that 2fast4uI is showing. OF course that is if you believe in correct numbers.
2fast4uI wrote: The last phase of rigs came on line Jan 15 (2 week into Q4). As at Feb 26, based on $868 ETH, HIVE has inventory of $13.6M. Approx. $6.6 milliion of that was the Q3 inventory (at $868 ETh). Which means HIVE produced $7 million of ETH, at $868, for the 1st two months of Q4. At the end of Q4, that inventory was worth about $3.5 million. I estimate that HIVE produced another 6000+ coins in March which would have added another $2.5M to revenue.
So production in Q4 will generated $6 million of coins, with maybe a 35% gross margin.....so call it $2 million.
But Q3 inventory will be revalued as well. This will knock about $2.5 million off of gross margin............all of a sudden you are in negative territory.........................
and tha is before G&A...
Chrysanthalas wrote: Wait, so at 20 mjning power your estimate is only 2.5 to 3 times mined coins. Why?