Total dividends of 1.09939794 will be paid this week.
This is about 0.004451 per share with an instant annual dividend yield of 15.38%
This week, all of our underlying assets have continued to decrease. This is mainly due to so many IPO's of ASIC manufacturing companies in one week.
This has caused the NAV per share to decrease to BTC1.50
Future Outlook - My guess as to what's to come.
The number of IPOs on BitFunder and btct.co is mind boggling. Many people have sold off their interests in order to "jump into" new assets. This has caused our underlying assets to decrease.
Our underlying assets continue to look to the future and head off increased mining difficulty by looking for new hardware.
Remember to vote: 10 for 1 split
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
Topic: [BTC-TC and BF] MININGCO.ETF - Closed - page 9. (Read 48261 times)
Motion to split share 10 for 1 has started on BTCT.co.
...
Remember: Vote!
...
Remember: Vote!
Has everyone remembered to vote? Let's be the first asset to get 100% unanimous on a motion!
Log in and vote.
Motion to split share 10 for 1 has started on BTCT.co.
Management recommends you vote for the motion to pass.
Please log on to btct.co and vote!
For Bitfunder shares only:
I don't think there is any precedent for this so please bare with me.
Currently there are 87 pass-through shares.
If you have Bitfunder shares, sign your vote (for or against) with your public Bitcoin address. PM your signed vote to me.
Votes must be received by 09-Aug-2013 00:00 UTC.
Default vote:
If I don't get more than a 50% vote "against" of all the Bitfunder shares, then all Bitfunder pass-through shares will vote "for" this motion to pass on btct.co
Summary:
If you want to vote "for," then do nothing.
If you want to vote "against," then I need a PM from you with your signed vote.
I know the Bitfunder part got a little confusing, but I hope the summary helped.
Remember: Vote!
Management recommends you vote for the motion to pass.
Please log on to btct.co and vote!
For Bitfunder shares only:
I don't think there is any precedent for this so please bare with me.
Currently there are 87 pass-through shares.
If you have Bitfunder shares, sign your vote (for or against) with your public Bitcoin address. PM your signed vote to me.
Votes must be received by 09-Aug-2013 00:00 UTC.
Default vote:
If I don't get more than a 50% vote "against" of all the Bitfunder shares, then all Bitfunder pass-through shares will vote "for" this motion to pass on btct.co
Summary:
If you want to vote "for," then do nothing.
If you want to vote "against," then I need a PM from you with your signed vote.
I know the Bitfunder part got a little confusing, but I hope the summary helped.
Remember: Vote!
I like it. Do I have your permission to copy your motion text nearly verbatim? 
You do indeed.
Does everyone else think creativex's motion text is the way to go?
+1
Hi Carnth. I think many issuers needlessly over-complicate their motions or news releases. Many(most?) give these only a passing glance and a wall of text will tend to get ignored. My split motion was worded very simply:
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
Quote
Shall bASIC-MINING institute a 10:1 stock split?
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
I like it. Do I have your permission to copy your motion text nearly verbatim?
Does everyone else think creativex's motion text is the way to go?
Yes this text is very clear.
Hi Carnth. I think many issuers needlessly over-complicate their motions or news releases. Many(most?) give these only a passing glance and a wall of text will tend to get ignored. My split motion was worded very simply:
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
Quote
Shall bASIC-MINING institute a 10:1 stock split?
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
I like it. Do I have your permission to copy your motion text nearly verbatim?
Does everyone else think creativex's motion text is the way to go?
Hi Carnth. I think many issuers needlessly over-complicate their motions or news releases. Many(most?) give these only a passing glance and a wall of text will tend to get ignored. My split motion was worded very simply:
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
Quote
Shall bASIC-MINING institute a 10:1 stock split?
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be discussed here:
https://bitcointalksearch.org/topic/m.2575562
This way you get your point across and leave an information trail for those that want to spend the time investigating. Just my take.
Cheers.
Total dividends of 1.14657697 will be paid this week.
This is about 0.00462329 per share with an instant annual dividend yield of 14.05%
This week, all of our underlying assets have taken a major hit due to fears of SEC.
This has caused the NAV per share to decrease to BTC1.71
Future Outlook - My guess as to what's to come.
We broke 1 BTC of dividends paid for the fund this week!
This thread has recently shaken the entire Bitcoin asset exchange world. It definitely hit our fund very hard in the NAV. Usually people overreact and over sell. Then things slowly regain most of their value back.
I will be starting a motion to split the asset's share 10 for 1. Since the last motion was a disaster, I would like input from you. I want to make sure I word it correctly so everyone can understand. Give me you best ideas of how motion should be written. I'll also post a "News Item" as well.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
This is about 0.00462329 per share with an instant annual dividend yield of 14.05%
This week, all of our underlying assets have taken a major hit due to fears of SEC.
This has caused the NAV per share to decrease to BTC1.71
Future Outlook - My guess as to what's to come.
We broke 1 BTC of dividends paid for the fund this week!
This thread has recently shaken the entire Bitcoin asset exchange world. It definitely hit our fund very hard in the NAV. Usually people overreact and over sell. Then things slowly regain most of their value back.
I will be starting a motion to split the asset's share 10 for 1. Since the last motion was a disaster, I would like input from you. I want to make sure I word it correctly so everyone can understand. Give me you best ideas of how motion should be written. I'll also post a "News Item" as well.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
MININGCO shares are selling for less than NAV on btct.co. 
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
I support some type of split, there is no liquidity at all currently with the increase in NAV and the rise in BTC value
My sentiments also. Its really time to split.
Checking with bursinde and Ukyo for what's involved with splitting.
MININGCO shares are selling for less than NAV on btct.co.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
I support some type of split, there is no liquidity at all currently with the increase in NAV and the rise in BTC value
My sentiments also. Its really time to split.
MININGCO shares are selling for less than NAV on btct.co.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
I support some type of split, there is no liquidity at all currently with the increase in NAV and the rise in BTC value
MININGCO shares are selling for less than NAV on btct.co.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
Shares are being offered for 0.2 less than NAV on Bitfunder, and still not selling.
How about doing a 1:10 split so shareholders are not stuck in this fund, and may more easily liquidate/reinvest dividends?
At the moment, it's kind of a roach motel for BTC despite having amazing assets, unlimited potential, and superb management.
Total dividends of 0.89080949 will be paid this week.
This is about 0.00356324 per share with an instant annual dividend yield of 8.66%
Increases to Cognitive have been a boon to our NAV.
This has caused the NAV per share to increase to BTC2.14
Future Outlook - My guess as to what's to come.
This thread has recently shaken the entire Bitcoin asset exchange world. It's definetily something to worry about as the US Government has become much more active in the "virtual currency" world.
Burnside is seeking legal counsel and consulting with Ukyo on this matter.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
This is about 0.00356324 per share with an instant annual dividend yield of 8.66%
Increases to Cognitive have been a boon to our NAV.
This has caused the NAV per share to increase to BTC2.14
Future Outlook - My guess as to what's to come.
This thread has recently shaken the entire Bitcoin asset exchange world. It's definetily something to worry about as the US Government has become much more active in the "virtual currency" world.
Burnside is seeking legal counsel and consulting with Ukyo on this matter.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
About the assets included in MiningCo.ETF:
They have shown to have stability, and a proven track record of timely dividends.
This will continue to be the number one selection criteria for this fund. As such, most (if not all) brand new mining assets will automatically be excluded until they produce dividends, and show that they can continue to produce dividends for a while. This conservative nature of MiningCo.ETF helps it avoid most of the drama surrounding new assets.
They have shown to have stability, and a proven track record of timely dividends.
This will continue to be the number one selection criteria for this fund. As such, most (if not all) brand new mining assets will automatically be excluded until they produce dividends, and show that they can continue to produce dividends for a while. This conservative nature of MiningCo.ETF helps it avoid most of the drama surrounding new assets.
Dont think AMC is a scam Ken may not be perfect at what he does but ...... this is really off topic !
Stupidest response ever missing my simple points : you can't sell at more than 0.0025 now, and no one is buying at that price. For a fucking IPO.
And using fake images, some of Avalon units, is not an issue of piracy, I could not care less. It's an issue of doing serious business.
I understand why your Ignore button is bright orange. Welcome to my ignore list.
Needless to say, if MININGCO ever touches AMC, I'll sell all my shares.
And using fake images, some of Avalon units, is not an issue of piracy, I could not care less. It's an issue of doing serious business.
I understand why your Ignore button is bright orange. Welcome to my ignore list.
Needless to say, if MININGCO ever touches AMC, I'll sell all my shares.
Now you're claiming that AMC's Avalons aren't really there?
How then are they paying dividends? You can see AMC's Avalons mining in real time at BTCGuild (under Team AMC).
First you claimed (falsely) that "you're likely to never sell it at a higher price." Then you dropped the "never" qualifier and substituted "now" in it's place.
Of course that entirely changes the meaning of your original statement, but that's too much for you to comprehend, isn't it?
Is it really so hard for you to pick a position and defend it, instead of dancing around and playing word games to avoid responding on point?
I guess so, since you've pressed the 'I'm a coward and can't engage in an honest discussion without running away when shown to be wrong' button.
Have fun with your absurd conspiracy theories about AMC's "fake images of Avalon units."
*PLONK*
Shares are still available at BF for under the .0025 IPO price...
Which tells how bad the IPO is, and why you're likely to never sell it at a higher price.Also, what do they have to show besides empty rooms and images stolen from other websites?
I've already sold AMC shares at much more than .0025 and bought back in at a lower price. So you're just plain flat out wrong there.
If you read the relevant thread, you'll find that AMC has
-secure underground facilities (ZOMG empty rooms!)
-~$600k in pre-orders (ZOMG stock images OH NOES!)
-7 Avalons hashing and paying dividends (you may verify this on Bitfunder)
-20k Avalon chips on order
-boards being designed and produced
-most of the funding for a state of the art .28 ASIC
-an existing business relationship with the most advanced ASIC design firm (outside of certain government agencies) in the world
-RTL code successfully verified by the above firm (eASIC)
Also, using a stock photo of a Chenbro chassis is not stealing 'from other websites.' At worst, it's piracy... but they're actually using that kind of case.
If you want to persuade anyone AMC is a scam by straining at such gnats, you're going to have to do much, much better.
When the best you can do is purposely confuse theft and piracy, that's your first clue you're playing with a very weak hand!
Carnth, congrats once again on picking such outstanding investments and thanks for taking us along for the ride up to the moon.
We have a bunch of cash, and BASIC is nowalmost over half the fund.
Any plans to re-balance? Maybe take some profit on BASIC and buy more GMP?
ActiveMining appears to have met the $1million NRE for their .28nm chip today. Shares are still available at BF for under the .0025 IPO price...
CipherMine also looks promising, having completed their third IPO and being fully funded. They plan to make LTC ASICs...
We have a bunch of cash, and BASIC is now
Any plans to re-balance? Maybe take some profit on BASIC and buy more GMP?
ActiveMining appears to have met the $1million NRE for their .28nm chip today. Shares are still available at BF for under the .0025 IPO price...
CipherMine also looks promising, having completed their third IPO and being fully funded. They plan to make LTC ASICs...
Total dividends of 0.69758089 will be paid this week.
This is about 0.00279032 per share with an instant annual dividend yield of 7.45%
The price of bASIC-MINING has exploded with the addition of 4 BFL 60GH/s ASIC devices. More mining devices are one the way.
The price of Cognitive has exploded with the addition of 2 Avalon ASIC devices. More devices are on the way
Nasty is dipped slightly, but still expecting additional BFL devices.
GMP is still waiting on their trade-in Avalon.
This has caused the NAV per share to increase to BTC1.95
Future Outlook - My guess as to what's to come.
Creativex is doing a fantastic job with bASIC-MINING. Right now he is traveling to pick up a BFL mini-rig which will effectively double the hash power of bASIC-MINING. This is a stock only transaction. So there will be some dilution of dividends but the hash power more then makes up for it. Plus, bASIC-MINING still hash tons of BTC to purchase additional equipment.
Garret is doing what he can to get ASIC devices in.
Also using stock only transaction, he acquired 2 Avalons with a third on the way. And we are still waiting on BFL to deliver the original 60GH/s devices.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
This is about 0.00279032 per share with an instant annual dividend yield of 7.45%
The price of bASIC-MINING has exploded with the addition of 4 BFL 60GH/s ASIC devices. More mining devices are one the way.
The price of Cognitive has exploded with the addition of 2 Avalon ASIC devices. More devices are on the way
Nasty is dipped slightly, but still expecting additional BFL devices.
GMP is still waiting on their trade-in Avalon.
This has caused the NAV per share to increase to BTC1.95
Future Outlook - My guess as to what's to come.
Creativex is doing a fantastic job with bASIC-MINING. Right now he is traveling to pick up a BFL mini-rig which will effectively double the hash power of bASIC-MINING. This is a stock only transaction. So there will be some dilution of dividends but the hash power more then makes up for it. Plus, bASIC-MINING still hash tons of BTC to purchase additional equipment.
Garret is doing what he can to get ASIC devices in.
Also using stock only transaction, he acquired 2 Avalons with a third on the way. And we are still waiting on BFL to deliver the original 60GH/s devices.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
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