RE:When will the vote be and if bitcoin goes past $7000 what stock2008 wrote: 1. will we have. According to Patrick Grey, it costs about $7000 to mine one bitcoin; if it goes to $8000, profit will be 4000 bitcoins a year * $1000= $ 4000000 *10= $40 million/260 million= $0.15 *1.30 currency exchange= $0.20 for every amount increased by $1000 above $7000
2. For the new company, costs are $2000, price is $5000, $3000 profit *10*4000=$120 million valuation; 120 million/36 million shares o/s=$3.33*1.3 currency exchange= $4.33/share; at $8000 it would be $6000*10*4000= $240 million/36 million o/s=$6.67*1.3=$8.67
Lets say we have 28000 shares in Kash; at $8000 a bitcoin, option 1 would generate $5600 whereas option 2 would generate 28000/40 * $8.67= $6069
But what happens when bitcoin reaches $20000 a bitcoin
1. $13000 profit per bitcoin*4000*10=$520000000/260 million=$2*1.30=$2.60/share
$2.60*28000= $72800
2. $18000*10*4000=$720000000/36 million o/s=$20/share*700=$14000
At a higher price of bitcoin, option 1 would generate a greater amount of share value than option 2. Option 2 is only good if bitcoin remains lower than $8000. If bitcoin ascends to be greater than $8000 then a reverse takeover would hurt the shareholder. Keep hash alive because I think bitcoin is going to rise above $8000 in the near future. Vote no to the RTO
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if it goes to $8000, profit will be 4000 bitcoins a
>year * $1000= $ 4000000 *10= $40 million/260 million= $0.15
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How would you know that you are able to mine 4000 bitcoins a year? Also, why did you multiple by 10 to get $40 million?
Could you please elaborate? Thx.