Topic: [796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)] - page 39. (Read 120478 times)

Summary

1.043478261MH/[email protected] per share

A new FPGA company with an aggressive growth strategy the first round of the IPO consisted of 1600 shares at 0.3BTC each to purchase two ~800MH/s@~40W FPGA boards the second round consists off 700 shares at 0.4BTC to purchase FPGA board #3 to take the weekly dividend to over 0.0040000BTC

Once we have board #3 2.4GH/s@125W over 2300 shares the weekly dividend will be over 0.00400000BTC per shares even tho I stated that after we are operating over 2.4GH/s 2% of profits or 1BTC a month [whichever is greater] is going to be used by RSM to buy back its own shares to increase the price and help expand the company.  Apart from that move to expand the company once 2300 shares have sold and we have board #3 I plan on putting forward the motion to issue more shares to purchase board #4 to increase the weekly dividend again.  After that I plan then to put forward the motion for board #5, then #6 and so on each time to increase the weekly dividend.

Can I assure you your investment is fully protected unlike some of our competitors.  In the event of the company folding all the hardware will be sold and paid in one big dividend to all shareholders.

The first weekly dividend of 0.00209389BTC per share has been paid.  3.42560434BTC over 1636 shares.  They are 664 shares left to sell at 0.40BTC as the second part of the IPO to pay for board #3.  Board #2 should ship within the next two weeks.  Expect your next weekly dividend by 00:00am 2012-05-11.

Only ~600 shares remain at 0.40BTC each after they have sold I will be putting forward the motion to issue 600 more shares at an inflated price of a minimum of 0.46BTC per share for the purchase of board #4 to raise the weekly dividend again to a minimum of 0.0047BTC per share a week.

Summary

A new FPGA company with an aggressive growth strategy the first round of the IPO consisted of 1600 shares at 0.3BTC each to purchase two ~800MH/s@~40W FPGA boards the second round consists off 700 shares at 0.4BTC to purchase FPGA board #3 to take the weekly dividend to over 0.0040000BTC

Once we have board #3 2.4GH/s@125W over 2300 shares the weekly dividend will be over 0.00400000BTC per shares even tho I stated that after we are operating over 2.4GH/s 2% of profits or 1BTC a month [whichever is greater] is going to be used by RSM to buy back its own shares to increase the price and help expand the company.  Apart from that move to expand the company once 2300 shares have sold and we have board #3 I plan on putting forward the motion to issue more shares to purchase board #4 to increase the weekly dividend again.  After that I plan then to put forward the motion for board #5, then #6 and so on each time to increase the weekly dividend.

Can I assure you your investment is fully protected unlike some of our competitors.  In the event of the company folding all the hardware will be sold and paid in one big dividend to all shareholders.

The first weekly dividend of 0.00209389BTC per share has been paid.  3.42560434BTC over 1636 shares.  They are 664 shares left to sell at 0.40BTC as the second part of the IPO to pay for board #3.  Board #2 should ship within the next two weeks.  Expect your next weekly dividend by 00:00am 2012-05-11.

Only 600 shares remain at 0.40BTC each after they have sold I will be putting forward the motion to issue more shares at an inflated price above 0.40BTC for the purchase of board #4 to raise the weekly dividend again.

stay at mtred no polmine

or maybe same pool as MergedMining

If MtRed have no news about bringing NameCoin merged mining back by the time the next dividend payment is being arranged this Thursday (2012/05/10) then I'm changing the pool to - https://polmine.pl - as they also offer 0% fees (tho we will continue the 0.1% donation to help keep the pool being able to offer such low fees), PPS payouts, merged mining with NMC and also IXC and IOC merged mining.  This is a very small pool so we will be supporting the variation of the bitcoin blockchain network but this also means the dividend will vary by (+/-)20% a week due to them finding less blocks (which we will get a bigger share of).

I will be putting forward the motion on whether to buy fans to cool the Sparten6 chips to help lengthen their lifetime and help them mine harder longer.  As the board hashes anywhere between >1GH/s down to <0.7GH/s because the board is mining as hard as it can but cuts down the hash-rate once it gets too hot.  So if we can keep the heatsinks cooler they should mine harder for longer plus live longer.  The fans cost £4.25 each and two will be used per board.  Costing £0.06 a week per board on top of the boards £0.79 normal running costs.

If you can run them without fans I think that would be better in the long run.  Maybe if they were mounted vertical and near the ground, natural convection currents would be enough to keep them cool.  Maybe get fanless power supplies and fanless motherboards and have a completely quiet set-up.

Decibel numbers given by fan manufacturers are as reliable as believing that your car uses as much gas per kilometer/mile as the manufacturer claims... Try to get some tests from independent sites.

Also, why not a 160mm fan, or 3 120mm per 2 boards? The bigger the fan, the cheaper + more silent the cooling. Airflow is also not everything - if you manage to get a directed stream of air that can't just be sucked in from the exhaust or circulated over the edges of the fan it might be better than pointing a "cold hairdryer" at the units.

What about a cardboard box + 30 cm household fan on low setting + big attachable heatsinks (aluminium "grills") on the chips themselves?

If you plan with lots of FPGAs to come, it would make more sense in my opinion to consolidate cooling efforts than to start with expensive small fans that will get thrown away/sold at a loss in a few weeks/months anyways.

The new FPGA company has gone public - http://www.coinconnect.org/blog/view/46005/first-dividend-and-share-issues

Do you use RedStar OS? The Official operating system of North Korea.

I may move the board over to - https://polmine.pl/ - As MtRed NMC merged mining is currently down and this new pool also offers 0% fees PPS (tho we will pay a 0.1% donation to support the pool to be able to offer such a good offer[as decided via a motion]), NMC merged mining and it also shares the transaction fees earned off the block.  Althoug with it being such a small pool probably on average only four blocks will be found a week (so we will get a bigger share).  So the dividends would vary by (+/-)20% a week.  Also with it being such a small pool we are supporting the diversifying of the BTC blockchain network.  So what do people think shall we change the pool due to all the NMC we are missing out on or wait for our current pool MtRed to reimplement merged-ming.  Which they say they will tho there is no date for it yet.

Also it looks like the first weekly dividend will be paid shortly before 00:00am GMT/UTC tonight (Friday 2012/05/04) and maybe as early as 21:00 GMT/UTC being around ~0.0020 per share.

+1