Crowetic's "WorldMine" - Lets Analyze its Performance (Exposed)
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@stupendelious I wasn't having a go at you all mate, i dont know the numbers and i was really refering to the ban, i havent looked at the numbers i did own some , wasn't happy with the returns so got rid of them , as every trader has there own opinion on there own trades , you could be right? honestly dont know
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@stupendelious wow what sort of money you making daily?
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@stupendelious , ilike you a lot man, so i'm going to lite on you this time.
Please do your homework properly. As fancy as those numbers are and your math is brilliant (i mean it) , you are forgetting a very important aspect : both worldmine and uniburst started as private assets and SOME of it was also released to the general public. Crow isn't selling one asset after another, in fact he is giving people the oportunity to get in on ALREADY FINANCED PROJECTS. i think uniburst alone had 75k dollars financing alone before it even bacame an asset :D
Is he way behind on building the rigs? Hells yeah!
But ask yourself why that is. Do you have any idea how many hours per day that man wastes talking to people? People like you and me that have questions and he's available all the time and open to everyone. That's why he's late.If it's of any help, have a look at a joke video i made with him showing and explaining all he's building :
So again, with all due respect for your research and apparent vendetta.. you are very wrong.
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@nameless Woah, nameless is joining a discussion. Never thought I'd see the day ^^
But you actually do shed some light on something that I hadn't earlier taken into account myself, so thanks for that. Now it does make sense that the payouts don't equal the investment amount the asset made. and if he's to make more rigs I guess that'd improve it. I'll make sure to put the pitchforks away for this moment ;pHowever looking at asset sales the asset sold about 190k shares at different prices, which translated into 18.125.000 burst at that time. At the burst prices at that moment this still resulted into 9750USD (Taking a USD price of 0.000538/burst, as per januari 1st 2017).
9750USD
Now looking at what the asset had at that moment, quoting his ANN:
17 - AMD 480 GPU (with a few more being setup shortly)
12 AMD 370 GPU
56TB with another 40+TB being added shortly (will post final amounts when complete) - HDD mining for BURSTIt's easy to see that the money made from burst sales doesn't nearly equate to 25% of the hardware which it should. the 190k share-sells alone could almost finance this, and there even were 60k shares unsold so in reality only 19% of the asset costed the 9750 and if he sold the full 25% the number would be around 13.000 - 14.000USD .
Now I know there's a lot more things to be bought apart from the hardware, like space and cases and motherboards, ssd's etc. but I guess this would explain the low payouts in comparison.
The askprice either was too much, or the higher 'worthy' payouts will come once the project is being expanded.Note: I'm not saying crow shouldn't take a profit as well and ask a higher price than it's actual hardware-worth. but he also holds a 10% share already for maintenance so I think this amount was a bit out of proportion.
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@keyd0s it's true that if you analyze things as they are right now the gear/shares sold ratio is off by quite a bit :)
i talk to crow on an almost daily basis and i have a ''close eye'' on progress if i may say that.
he buys hardware when needed only. there's no point in him buying say 50k dollars worth of gpus that will take months to install , when in those months he might spot a better price on some better gpu and pick those up instead. So all the hardware is bought as the rigs get built...I don't blame anyone for making the assumptions that they did. From an outside perspective it makes a lot of sense.
Crow will actually put up a live cam into both locations of the rigs within a week or two and people can always watch the live progress of the builds at all times :P
And i always join discussions if i find them relevant :)
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While we are on the subject wasn't Income asset Crowetics maybe first asset. And is that still a growing asset or is it abandoned for the newer ones? Over 500 invested in that one.
