I'm travelling and unable to confirm at this time...but I've just been notified that DHL dropped off a package from one Zhang Ying. I believe the Batch 2 Avalon has arrived. 
Topic: [BTC-TC and BF] MININGCO.ETF - Closed - page 12. (Read 48261 times)
Good news everyone!
Total dividends of 0.20912003 will be paid this week.
This is about 0.00150446 per share with an instant annual dividend yield of 10.160%
GMP dove this week due to some heavy profit taking. Nasty Fans is holding steady, while ASCIMINER-PT and bASIC-MINING are steadily increasing.
This has caused the NAV per share to decrease to BTC0.77
Future Outlook - My guess as to what's to come.
Glari Mining Project announced that it has purchased 3 KnCMiner Jupiters. The Jupiters report to be at about 350GH/s each. This good news should help the price recover, but getting the Avalon to start mining would help more.
BFL announced "Chip Credits" that will add capital to Nasty and Cognitive. Again, it would help more it BFL would actually deliver the ASIC devices.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
This is about 0.00150446 per share with an instant annual dividend yield of 10.160%
GMP dove this week due to some heavy profit taking. Nasty Fans is holding steady, while ASCIMINER-PT and bASIC-MINING are steadily increasing.
This has caused the NAV per share to decrease to BTC0.77
Future Outlook - My guess as to what's to come.
Glari Mining Project announced that it has purchased 3 KnCMiner Jupiters. The Jupiters report to be at about 350GH/s each. This good news should help the price recover, but getting the Avalon to start mining would help more.
BFL announced "Chip Credits" that will add capital to Nasty and Cognitive. Again, it would help more it BFL would actually deliver the ASIC devices.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Total dividends of 0.2009091 will be paid this week.
This is about 0.00144539 per share with an instant annual dividend yield of 9.28%
Nasty Fans took a hit this week despite this week being it's birthday.
All other underlying assets are holding steady
This has caused the NAV per share to decrease to BTC0.81
Future Outlook - My guess as to what's to come.
For Nasty Fan's birthday, OgNasty added an ASICMINER USB Block Erupter, and participated in some group-buys of KNC Miner and Metabank Bitfury. Let's hope this pans-out to more dividends.
This week I started to post a little more info about our dividends (thanks bitzox).
The div per share and yield should be more useful to everyone who holds shares.
The "instant annual dividend yield" is calculated this way:
(This week's Dividend per share) / (This week's share price) * (52 weeks in a year) = Instant annual dividend yield
If you are interested in more dividend yield information (such as 30, and 90 day averages) please go to the asset page on btct.co and click on the History tab.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
This is about 0.00144539 per share with an instant annual dividend yield of 9.28%
Nasty Fans took a hit this week despite this week being it's birthday.
All other underlying assets are holding steady
This has caused the NAV per share to decrease to BTC0.81
Future Outlook - My guess as to what's to come.
For Nasty Fan's birthday, OgNasty added an ASICMINER USB Block Erupter, and participated in some group-buys of KNC Miner and Metabank Bitfury. Let's hope this pans-out to more dividends.
This week I started to post a little more info about our dividends (thanks bitzox).
The div per share and yield should be more useful to everyone who holds shares.
The "instant annual dividend yield" is calculated this way:
(This week's Dividend per share) / (This week's share price) * (52 weeks in a year) = Instant annual dividend yield
If you are interested in more dividend yield information (such as 30, and 90 day averages) please go to the asset page on btct.co and click on the History tab.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
It certainly might be an interesting data point for some, I tend to like watching the yield against initial investment, or cost averaged investment. The NAV might rise or fall over time, but what I've invested is rather constant, and that is the return I am interested in.
I agree 100% I do the same thing, it makes more sense on an individual level.
My point was more for trying to get more "mainstream"/reputable. Most (and by that I mean all that I have seen) securities on major exchanges report dividends in $ and in % obviously BTC is different its a community that is at this stage all early adapters and people who are more than happy to do these kinds of calculations themselves. Which is a good thing, I'm just trying to give my 2cents on how to move towards the mainstream.
Just my 2 cents but it might be worthwhile to start posting dividend yield as a percentage in addition to the actual dividend amount.
I haven't posted dividend yields because btct.co does it for you:
On the MiningCo.ETF asset page, click on the history tab. Is what you are looking for on the top-right?
All and all keep up the great work! Innovative products like yours are only helping BTC
Thanks for the kind words.
That's exactly what I meant
I was also referring to adding to your weekly update posts on this forum (ie this weeks dividend was 10.0% unannualized) but like I said its simple math and anyone can do that given that you already post the NAV.It certainly might be an interesting data point for some, I tend to like watching the yield against initial investment, or cost averaged investment. The NAV might rise or fall over time, but what I've invested is rather constant, and that is the return I am interested in.
That's exactly what I meant I was also referring to adding to your weekly update posts on this forum (ie this weeks dividend was 10.0% unannualized) but like I said its simple math and anyone can do that given that you already post the NAV.
I was also referring to adding to your weekly update posts on this forum (ie this weeks dividend was 10.0% unannualized) but like I said its simple math and anyone can do that given that you already post the NAV.It's one of the reasons I manage the fund openly. The spreadsheet has all the numbers anyone needs to make any calculation regarding performance.
I'll see about adding some more numbers on next week's update. And if I forget, just remind me.
Just my 2 cents but it might be worthwhile to start posting dividend yield as a percentage in addition to the actual dividend amount.
I haven't posted dividend yields because btct.co does it for you:
On the MiningCo.ETF asset page, click on the history tab. Is what you are looking for on the top-right?
All and all keep up the great work! Innovative products like yours are only helping BTC
Thanks for the kind words.
That's exactly what I meant
I was also referring to adding to your weekly update posts on this forum (ie this weeks dividend was 10.0% unannualized) but like I said its simple math and anyone can do that given that you already post the NAV. Just my 2 cents but it might be worthwhile to start posting dividend yield as a percentage in addition to the actual dividend amount.
I haven't posted dividend yields because btct.co does it for you:
On the MiningCo.ETF asset page, click on the history tab. Is what you are looking for on the top-right?
All and all keep up the great work! Innovative products like yours are only helping BTC
Thanks for the kind words.
Just my 2 cents but it might be worthwhile to start posting dividend yield as a percentage in addition to the actual dividend amount. You could do it as simply as dividing the dividend by the current share price. Since your fund is a closed end fund you could also divide by NAV, which would probably be more accurate. You could also calculate an annual dividend % based on dividends issued so far and a weighted average price/NAV but that would require more financial/excel knowledge and time to implement accurately.
Obviously anyone who holds your shares could do this calcualtion themself, I do it for all my BTC securities, but I feel if you included it in your weekly update it will just be one more think that makes your index fund more reputable/more like most funds traded on traditional securities markets.
All and all keep up the great work! Innovative products like yours are only helping BTC
Obviously anyone who holds your shares could do this calcualtion themself, I do it for all my BTC securities, but I feel if you included it in your weekly update it will just be one more think that makes your index fund more reputable/more like most funds traded on traditional securities markets.
All and all keep up the great work! Innovative products like yours are only helping BTC
Total dividends of 0.14994327 will be paid this week.
bASIC-MINING has passed on purchasing ASICMINER-PT shares itself. This puts us in the unusual position of owing ASICMIER-PT shares ourselves and additional shares via bASIC-MINING.
This should dramatically increase our dividends.
GMP has recovered from last week's falter. All other assets are holding steady pending the arrival of ASIC mining equipment.
This has caused the NAV per share to increasse to BTC0.83
Future Outlook - My guess as to what's to come.
There are so many companies out there that are now trying to sell ASIC devices. With our underlying assets having "reserve funds," there is money available to purchase equipment. But is this the right time? It is very difficult to tell the legit ones from the scammers. All of our underlying asset managers have tough choices to make in the days to come.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
bASIC-MINING has passed on purchasing ASICMINER-PT shares itself. This puts us in the unusual position of owing ASICMIER-PT shares ourselves and additional shares via bASIC-MINING.
This should dramatically increase our dividends.
GMP has recovered from last week's falter. All other assets are holding steady pending the arrival of ASIC mining equipment.
This has caused the NAV per share to increasse to BTC0.83
Future Outlook - My guess as to what's to come.
There are so many companies out there that are now trying to sell ASIC devices. With our underlying assets having "reserve funds," there is money available to purchase equipment. But is this the right time? It is very difficult to tell the legit ones from the scammers. All of our underlying asset managers have tough choices to make in the days to come.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
I just stumbled upon this thread and am really excited but what you are doing here. Keep up the good work!
Total dividends of 0.0650103 (management fee waived) will be paid this week.
I waived the management fee this week to try to help our dividends as much as possible.
While GMP continues to falter this week, bASIC-MINING, Cognitive, and ASICMINER-PT have taken off. Nasty Fans holds steady.
This has caused the NAV per share to increasse to BTC0.78
Future Outlook - My guess as to what's to come.
Currently, bASIC-MINING has a motion to purchase ASICMINER-PT. This would once again help our dividends. But getting ASIC devices in any of our underlying assets would help even more. Frustration levels are rising.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
I waived the management fee this week to try to help our dividends as much as possible.
While GMP continues to falter this week, bASIC-MINING, Cognitive, and ASICMINER-PT have taken off. Nasty Fans holds steady.
This has caused the NAV per share to increasse to BTC0.78
Future Outlook - My guess as to what's to come.
Currently, bASIC-MINING has a motion to purchase ASICMINER-PT. This would once again help our dividends. But getting ASIC devices in any of our underlying assets would help even more. Frustration levels are rising.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
The Bitcoin wallet address for the fund has been changed to 1Mining6y9NFU1cWxBgExYykwgCCoqoW8X.
Because, who doesn't like vanity addresses.
This change has been reflected in the second post and on the asset spreadsheet.
Because, who doesn't like vanity addresses.
This change has been reflected in the second post and on the asset spreadsheet.
We now own a share of ASICMINER-PT.
Very slick buying prior to the dividend payout today You caught that didn't you.
We now own a share of ASICMINER-PT.
Very slick buying prior to the dividend payout today
Hey all,
According to the current vote tallies, it looks like the Cognitive motions are going to result like:
Sale of two SC Singes - yes
Purchase of Avalon chips - yes
Purchase of 50BTC "Blade" - no
According to the current vote tallies, it looks like the Cognitive motions are going to result like:
Sale of two SC Singes - yes
Purchase of Avalon chips - yes
Purchase of 50BTC "Blade" - no
I think the sale of two SC singles is a big mistake. I think the only reason these should sell is if you think BFL will not deliver sometime this year (which is possible with their current track record). Having such a low order number (which we can only assume means to be shipped before higher orders) is a huge benefit.
I don't understand the how selling your best advantage to raise BTC to buy very expensive equipment that will be shipped after everyone else get's there's first can benefit to Cognitive.
I can understand the purchase of Avanlon chips. This is exactly what the growth fund in Cognitive should be used for... if Garret can get them on a board and hashing.
Total dividends of 0.05672046 (management fee waived) will be paid this week.
I waived the management fee this week to try to help our dividends as much as possible.
This week all underlying assets have improved on the news of ASICs being delivered. GMP has had a recent sell-off.
We now own a share of ASICMINER-PT.
This has caused the NAV per share to decrease to BTC0.72
Future Outlook - My guess as to what's to come.
With ASICMINER I hope we can increase our dividends for next week. And let's get those Avalon's shipped for even more dividends.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
I waived the management fee this week to try to help our dividends as much as possible.
This week all underlying assets have improved on the news of ASICs being delivered. GMP has had a recent sell-off.
We now own a share of ASICMINER-PT.
This has caused the NAV per share to decrease to BTC0.72
Future Outlook - My guess as to what's to come.
With ASICMINER I hope we can increase our dividends for next week. And let's get those Avalon's shipped for even more dividends.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Hey all,
According to the current vote tallies, it looks like the Cognitive motions are going to result like:
Sale of two SC Singes - yes
Purchase of Avalon chips - yes
Purchase of 50BTC "Blade" - no
With the recent addition of Cognitive's growth fund, the asset is set up to do just that: grow. Dividends and share value alike.
COG.F contracts have been selling like hot cakes these last few days, due to the purchases of hardware being soon.
With the proceeds from the SC Single auctions added to the current Cognitive reserve, we should have over 400 coins to invest in new hardware with.
If you ever see anything you disagree with in how I'm operating Cognitive, please bring it to my attention as I only want to keep improving, and external input just expedites that process
Cheers,
Garrett
According to the current vote tallies, it looks like the Cognitive motions are going to result like:
Sale of two SC Singes - yes
Purchase of Avalon chips - yes
Purchase of 50BTC "Blade" - no
With the recent addition of Cognitive's growth fund, the asset is set up to do just that: grow. Dividends and share value alike.
COG.F contracts have been selling like hot cakes these last few days, due to the purchases of hardware being soon.
With the proceeds from the SC Single auctions added to the current Cognitive reserve, we should have over 400 coins to invest in new hardware with.
If you ever see anything you disagree with in how I'm operating Cognitive, please bring it to my attention as I only want to keep improving, and external input just expedites that process
Cheers,
Garrett
I just feel without some exposure to ASICMINER it will be a never ending battle against difficulty.
Unfortunately, mining is a never ending battle against difficulty. That's why most of our underlying assets have "growth funds."
Regarding ASCIMINER, I would like to hear other opinions about including it in our fund.
Maybe I am mistaken, but I thought we had this discussion a month or so ago, you had suggested putting a motion forward, which ultimately wasn't needed, and the end result was you felt ASICMINER was simply over valued and I had pointed out lack of funds anyway to open a position. With the micro pass throughs opening a position is not a difficult task any longer.
Maybe ASICMINER is over valued, but as it has risen 200-300% since your declaration, exposure might not have been terrible even in the smallest exposure.
My goal is not to rock this boat, if it was I'd add in a long dribble again about Cognitive, but maybe instead of new funds being used to maintain the allocations we currently hold, it go to opening a position in some ASICMINER security, my hope would be either direct ownership or the Burnside passthrough, but the TAT micro passthrough would be acceptable as well.
I just feel without some exposure to ASICMINER it will be a never ending battle against difficulty.
Unfortunately, mining is a never ending battle against difficulty. That's why most of our underlying assets have "growth funds."
Regarding ASCIMINER, I would like to hear other opinions about including it in our fund.
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