Topic: [BTC-TC and BF] MININGCO.ETF - Closed - page 8. (Read 48246 times)

Total dividends of 0.66172686 will be paid this week.

This is about 0.00026791 per share with an instant annual dividend yield of 20.07%

This week, our underlying assets continue to feel selling pressure.

This has caused the NAV per share to decrease to BTC0.0694

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Future Outlook - My guess as to what's to come.

As the difficulty continues to rise, more and more miners are feeling the pressure of dwindling returns. If you don’t have a plan to increase your hash rate then you will be left behind.
This has been brought up in the bASIC-MINING thread. Smaller (recreational) miners are being pushed off the network because they can no longer afford to mine due to aging and in-efficient mining gear. New and more efficient mining equipment costs are astronomical; leaving only large mining companies (or the rich) available to purchase.

This is concerning because the economics of mining is forcing a certain "centralization," where only large groups with enormous hashing power are mining. This is discouraging because Bitcoin is supposed to be about decentralization.

ASICMINER had a good idea with releasing USB ASIC devices--smaller units for the recreational miner. However, its initial price didn't reflect a "recreational" value.

I ask that ASIC mining fabricating companies consider the small miner and produce mining equipment that is affordable and at a price point that makes sense.

Let’s keep Bitcoin decentralized.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Shares can be transferred between BTCT.co and BitFunder. 10 share minimum. PM Carnth for details.

Total dividends of 0.67381118 will be paid this week.

This is about 0.00027280 per share with an instant annual dividend yield of 18.03%

This week, our underlying assets continue to feel selling pressure.

This has caused the NAV per share to decrease to BTC0.0787

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Future Outlook - My guess as to what's to come.

While we continue to wait for next gen ASIC gear, our dividends continue to wane.
There has been a lot of controversy over at LABCOIN. They claim to be hashing, but no proof can be found.
This is the problem with new mining companies, its difficult to tell who is doing what they promised and who is blowing hot air.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Shares can be transferred between BTCT.co and BitFunder. 10 share minimum. PM Carnth for details.

There is no fee for the transfer as long as it is over 10 shares. I reserve the right to start charging a transfer fee at any time.
This is a completely manual process and it takes my time to complete the transfer.

I'll charge a fee if you feel the need to go back and forth between the exchanges.

Here is the process:
To get started, send a PM to me.
Explain how many shares you want to transfer and from which exchange. Make sure to include your usernames for your account on both exchanges. For example:

"I want to transfer 10 shares from btct.co -> Bitfunder. My account name on btct.co is Carnth. My BitFunder account name is Carnth."

After I get your PM, I'll reply where to transfer your shares. Do not transfer shares until you get this PM from me. Any shares you transfer to my personal account, "Carnth," will be considered a donation.
When you send the shares, I'll credit the shares to your account on the other exchange. Done.

Please remember, this is a manual process and I'm not online 24 hours a day. After you send your PMs, please give me some time to respond.

Is there any charge to the transfer?

Glari Mining Project has KnC pre orders.
http://glari.ch/node/17



Transferring shares between the exchanges has been around for a while, but I never advertised it until now.

Total dividends of 0.81179940 will be paid this week.

This is about 0.00032866 per share with an instant annual dividend yield of 19.11%

This week, all of our underlying assets have continued to decrease despite announcements of additional equipment orders and other large deals.

This has caused the NAV per share to decrease to BTC0.0895

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Future Outlook - My guess as to what's to come.

All of our underlying assets either have orders placed or are negotiating large deals for Gen 2 ASIC devices.
Among all our assets, we have orders/negotiations in KnC Miner, BFL Monarchs, Bitfury, and CoinTerra.
As difficulty continues to skyrocket, our dividends will slowly wane until delivery of equipment is made.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Shares can be transferred between BTCT.co and BitFunder. 10 share minimum. PM Carnth for details.

QFT, emphasis added:


Let's not miss the next opportunity to profitably accomplish compliance with this provision.   

I do own shares of MiningCo.ETF in my personal portfolio. But please understand that I won't disclose the number of shares anyone owns as a matter of privacy.

When needed, additional shares are released to the market at NAV. On occasion, the fund will do very limited share buy-backs at 90% NAV.

Carnth,

How many Miningco.ETF shares do you personally own?

Will you ever sell the  remaining 9.9mm shelf shares to increase the float? If so, how will you issue them? At NAV I suppose...

The remaining BTC after adding up the balances of btct.co and the 1Mining6 address is on BitFunder
I moved the funds there to cover dividends payouts so I can avoid individual Bitcoin transaction fees. This allows me to pay the same dividends on both exchanges.

Due to the recent decline in most mining assets, I have been slowly acquiring more shares in our underlying assets.

As far as new IPOs are concerned, this funds takes a more conservative approach when introducing new assets. Only assets with a proven track record of steady dividends and upholding their contracts will be considered. This excludes IPOs as they have no track record.
After these new IPO have been proven as a successful asset, their inclusion will be considered.
My focus has always been on steady dividends with less risk (although mining is still very risky).

Back during the bASIC/Cog spike I requested the prospectus be honored and the portfolio rebalanced.   We could have turned the excess overvalued portion into many more undervalued shares, but didn't.   

How do you have BTC17.75 in the "Bitcoin Reserve"? I was only able to account for ~BTC15.36 by adding the balance in your BTCT.co account and Blockchain account. Is there another account where you keep additional BTC?

Also, what are you plans with the reserve funds? Any new IPO's or share purchases on the horizon?

PS - your security distribution is out of compliance with the prospectus, bASIC-mining is overweight by greater than the allowed +/- 10%. I motion you add a sixth security to the portfolio....

Total dividends of 0.90961993 will be paid this week.

This is about 0.00036827  per share with an instant annual dividend yield of 18.23%

This week, all of our underlying assets have continued to decrease despite announcements of additional equipment orders..

This has caused the NAV per share to decrease to BTC0.105

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Future Outlook - My guess as to what's to come.

With more and more companies releasing ASIC products, our underlying funds have some extremely tough choices to make, and sometimes only minutes to make them. Its an extremely tough job.
We can only hope that new and existing manufacturers treat their customers with respect and deliver what they promise.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.

We had our shares split 10 for 1. All values have been adjusted.

Total dividends of 1.07261277 will be paid this week.

This is about 0.00043426  per share with an instant annual dividend yield of 19.00%

This week, all of our underlying assets have continued to decrease. This is still due to so many IPO's of every kind.

This has caused the NAV per share to decrease to BTC0.1189

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Future Outlook - My guess as to what's to come.

This week, bASIC-MINING and Cognitive have increased their power with additional ASIC devices.
Nasty Fans has taken a huge step to up its mining power by placing a large order for BFL's new Monarch 28nm ASIC devices. We can only hope BFL actually behaves like a company that cares about its customers and ships them as promised.
Cognitive has also promised 28nm technology.
With the next generation of ASICs being released, this of course means that we are all playing the waiting game... again.
"28nm .... coming soon.™"

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.

MiningCo.ETF has successfully completed the 10 for 1 stock split on btct.co and on BitFunder.

Please make sure to clear any open orders and adjust your price accordingly.

This is great.  The spreadsheet has been updated to reflect the split shares. I have increased the decimal to 4 places in a number of different cells.


BitFunder shares have still not split.Trading will continue on Bitfunder shares, but I would advise everyone to clear your market orders until after the split completes.
I have sent Ukyo another message to split the shares but have not heard from him.

Split complete on BTCT.CO.

Please be careful when placing new bids and asks.

Cheers.

Total dividends of 1.06029801 will be paid this week.

This is about 0.0042927 per share with an instant annual dividend yield of 17.62%

This week, all of our underlying assets have continued to decrease. This is still due to so many IPO's of every kind.

This has caused the NAV per share to decrease to BTC1.27

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Future Outlook - My guess as to what's to come.

The IPO's continue on the exchanges. Although this brings down the NAV, our dividends still continue strong. Both bASIC-MINING and Nasty Fans have added additional mining power this week.

The motion to split the share has passed. I have contacted both Burnside and Ukyo to implement the split.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.

The motion passed. I have contacted burnside and Ukyo about splitting the asset 10 for 1.

So what is the update with stock split ?