Ann: IOT signs one of the largest Bitcoin miners, page-19

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07/05/18

13:55

Post #: 32930179
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Originally posted by Warnie ↑

Using your figures which sound roughly correct:

At 1320 initial pods use roughly $4 day at say 11c/kwh

IOT receive 90% of the diff between agreed wholesale and charge out rate.
Wholesale history is around 8c so IOT could make 3c per kw/h at the 11c being offered.
= $1440 day or 7.23 dusty drones.

This is all very relaint of the following:

1. Hunter Energy getting ownership of Redbank Power Station
2. Hunter being able to get approval from all and sundry to refire a coal fired power plant.
3. Hunter being able to get it operational and (time/cost?).
4. BAC being built (cost)??
5. Hunter being able to provide power at low enough cost?
6. RBG being able to raise capital "offshore" via an ICO
7. RBG not coming foul of ASIC for attempting to raise capital offshore as an Australian entity for the reason of trying to avoid ASIC laws in regards to MIS, AFSL, Product disclosure doc provisions et al using a whitepaper via an ICO?
8. RBG buying 1300+ $4- $5000 each Bitfury machines and being able to make a profit at the 11c kw/h.
9. Price of Bitcoin staying at least $10,000BTC to keep RBG viable.

Then even with all these hurdles achieved, the $500,000 in new revenue p.a less $1.5m in wages kinda makes it pointless?

Expand

What I am interested in is total forecast capacity of BAC...ie signed 3 clients for if and when they acquire Redbank, build it etc etc but how many more clients could they sign up...

IOT Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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Ann: IOT signs one of the largest Bitcoin miners, page-19

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