Just an idea. I know this this is pretty much just KNC miners group buy. But if bitcoin skyrockets to 1k$/btc soon wouldn't it be smart to use dividend to convert it into fiat and Buy some more Mining power ?
I would be in favour of taking one weeks worth of dividends and buying some active mining hardware. They should be shipping in a matter of days.
One of the best things about this group buy is that lack of mandatory reinvestment. If people want to reinvest their dividends, and tyrion/blastbobb are up to it, there can be another group buy and allocate additional shares per the original share agreement (no dilution of shares, 1 share equals the same hashing power as before).
If you're interested in reinvestment of dividends, check out the ADDICTION DISCOVERY fund (I believe it still exists, but I could be wrong)
Expanding with the use of dividends isn't an option like maqifrnswa says. Only hashing hardware can be added to Addiction and frankly we don't see anything worth buying with a good delivery date. If we find anything (2nd gen Knc maybe
) we'll probably start a new groupbuy first like maqifrnswa says.As for bips and other online wallets. Even though blockchain.info is also "just another" online wallet, it does have the option to export your private keys for your wallets, and doesn't use any shares wallet system. I'd suggest anyone to use only online wallets that offer those services. With bitcoin growing in value, it's good practice to keep your bitcoins safe!
Lastly on WeEx, we haven't had any update on our own tickets so far. This post contains most information so far:
https://bitcointalksearch.org/topic/the-94-con-by-jon-montroll-337523 and
https://bitcointalk.org/index.php?topic=316546.480
cheers,
My email from them:
BIPS temporarily closes consumer wallet initiative after security breach
To protect the successful merchant processing business BIPS has decided to temporarily close down its consumer wallet initiative.
BIPS has been a target of a coordinated attack and subsequent security breached. Several consumer wallets have been compromised and BIPS will be contacting the affected users.
As a consequence BIPS will temporarily close down the wallet initiative to focus on real-time merchant processing business which does not include storing of Bitcoins. Subsequently BIPS will consider to reintroduce the wallet initiative with a re-architected security model.
The consumer wallet initiative has not been BIPS core business and as such regrettably affecting several users has not affected BIPS merchant acquiring.
All existing users will be asked to transfer bitcoins to other wallet solutions, and users affected by the security breach will be contacted.
Additional support information:
BIPS help desk system is currently not accessible and will not be re-enabled until an alternative hosting solution has been arranged for this. In the mean time, support is reachable via email to support(at)bips(dot)me. Previously submitted tickets need to be resubmitted via email. Please be patient and allow 24-72 hours to receive a reply.
may be a ripoff?? about 199 usd
