Topic: [796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)] - page 43. (Read 120532 times)

The supplier said twelve month minimum but also said he was considering two years but hasn't confirmed that with me yet tho I get the feeling its going to be two years.  The supplier has also now asked me not to talk about the board publicly anymore until he goes public but I think that will be Monday.

What is this "full warranty" and how long is it

Thanks !

It's very likely board #1 will ship this Monday as the supplier has all the parts he's just assembling the boards and testing them (we have full warranty).  Board #2 is almost completely paid for and guaranteed to ship within three to four weeks.  After board #2 has been delivered and all shares issued I'm predicting the dividend to be 0.00333BTC per share each week at current difficulty and exchange rates.  After the IPO is over and if the motion goes in favour of issuing more shares then they may be offered at 0.4BTC each as the new dividend after the extra shares are issued would be ~0.45BTC per share each week plus it would give early investors the opportunity to cash out at a profit on their early share purchases.  If we do issue more shares me acting as the CEO will keep 5% of them but more shares will only be issued on the basis of raising the dividend significantly.  I only awarded my self 50 shares of the original 1900 shares as the CEO salary and I don't have lots of money to invest that's why I made the company public on the GLBSE to raise the funds but feel I should be paid a salary for being CEO and running the company.  Also once we are operating at 2.4GH/s(@125W) and greater RSM will be keeping 2% of all profits or 1BTC a month whichever is greater to buy back the shares in RSM to increase the company's value.   

Hopefully the first dividend should be paid in just over two weeks I'm predicting the weekly dividend per share in five weeks to be ~0.00333BTC.  After the IPO is over a vote will be held on whether to issue ~400 more shares at 0.31BTC to purchase board #3 that would take the weekly dividend per share to 0.0045BTC.

My suspicion is that you're not at a point where having the cash at hand for the extra time is going to earn enough to make the potential lost mining time worthwhile. Buy now, guarantee income

The supplier saying if we order and pay for board #2 now we'll have the first one from the next batch.  He wants $1129 tho (not $999 like the last board I got us discounted) and $70 shipping but it still works out cheaper than two of the new x6500 FPGA boards which is what we would need to equal both the hashing power and efficiency.  Shall we wait till we get our tracking number, received it or pay now to guarantee our board is first as he is going public in the next week so we may end up in the order cue like everyone else.  If we pay now it will be shipped within three weeks otherwise we may be caught in the order backlog once they go public within the next week.  FPGA board #1 is guaranteed to be shipped within the next nine days.  So what do current investors think?

Thanks to everyone who has invested over the last few days as we now have enougth for FPGA board #2.  As soon as I get a shipping number for board #1 (which is guaranteed before the 13th April) I'll pay for board #2 which should be shipped right away.  I have contacted the supplier about our order for board #2.  Again thank you very much every one 

If you're trading well, I'm all for it. If you wind up just selling off the NMC, check into the namecoin forums and discussions before you let go of too much. If they do reorganize the fee structure, NMC would definitely increase significantly in value.

I'll probably just hoard all the NMC rather than sell them for peanuts to add to the dividend.  Although I may trade them on exchanges to increase there value (I've done that with LTC/USD and LTC/BTC and been profiting for a while now) until there value is higher.  We could use the NMC generated or the profits from trading them to help boost the expansion of more FPGA boards.

Precisely! Money for nothing! Also, I'm definitely of a mind that future use will come of merged mining, and it's good to support it now.

Well "owt for nowt" the NMC is free.

edit:  "owt for nowt" is northern England colloquial meaning "anything for nothing"

Thanks for the idea but looks like the payouts have been a bit unstable recently and I need stability plus the ability to show investors the current hashing power for a while.  Once the dividends are regular I will be switching to P2Pool for the benefit of the health of the bitcoin network.

I would suggest taking advantage of such pools as https://bitcointalksearch.org/topic/closed-watch-the-thread-for-finaly-payout-info-project-2-54467 and possible have mtred as a backup? to maximize the profits
//DeaDTerra

I've used MtRed in the past and it is a reliable pool.

Thank you to the investor(s) over the last 24hrs    Does anyone have a view on what mining pool to use?  I want to use P2Pool for the health of the bitcoin network but I understand then I wouldn't be able to show live stats.  So I thought of this pool - https://mtred.com/ - As it offers PPS, 0% fees, merged mining and offers web stats plus Android stats on the mining.  What do investors think?

Assembled by hand.

Parts?  What are these boards hand made?

The board won't be shipped on Monday tho the supplier said it will still be within the four week timetable from the 13th when I paid.  He's waiting for a part from China tho he has paid for super express shipping but there having a festival on the 2nd - 4th so won't be shipped on those days.  Looks like he'll get the final part next Friday unless they ship on Saturday or Sunday (which they might do in China?).  The boards will be nearly completed by Monday and then they can just fit the final part in when they arrive and ship the same day.

Great news, have you had any trouble using GLBSE2.0?