Topic: [BTC-TC] BTC-Mining - page 8. (Read 22665 times)

For anyone interested, I purchased a small numer of shares and the reinvestment they selected pays very well. I think I calculated it to 39% yearly return.

Eh, well that's certainly something I'd like.

Not sure people are quite aware we started giving out mining returns. And at a better rate than other mining operations considering the price we get the hashing. Well at least returns are good so current investors should be able to reinvest if they wish.

someone buy more shares please, and faster

Mining returns of 10.76103908 BTC paid @ 0.01550582 BTC per share for the week of 6th May to the 12th May of 2012

First mining returns of 1.64283078 BTC paid @ 0.00241238 BTC per share for the 5th May of 2012

Only for a day and a few hours extra, almost 0.25% daily. Will vary according to current mining bonds purchased from Amazingrando.

Well first dividend is approaching. It will be for only one day of mining, but at least we have hashing power now.

Thanks.

First hashing power purchase from amazing should be this weekend and start getting us some good dividends. Will keep you all updated on the amount.

bought 23 shares

Well, we got our hashing deal finalized and motion passed 60 Yes to 0 Nay. Refer to main post for announcement.

Those shares are the promotional ones I'm reselling. Go ahead, buy them if you wish.

Also, it's 400 mhash/110BTC. If shares sell fast enough and we have enough for a mini-rig at some point, order one or more. If they don't sell fast enough, we progressively buy 400 mhash/110 BTC increments of hashing as a private bond that will be bought back.

I didn't want to offer 90% and then switch to 50% if people wanted to have 90% from the start. I find it important that equipment is replaced and new equipment comes in. It's a long term investment alternative. There's many perpetual bonds that just have a stable hashing, but this way the amounts on admin fees and purchasing new equipments/replacing will be transparent. People were interested in that ratio of dividends/reinvestment/fees but mostly scared of having their bitcoins idling while the shares sell. That private bond purchase should cover us nicely while they sell.

Public announcement about it should happen tomorrow.

Interesting idea, so you got someone to pay you ~3-4 months of mining revenue for a loan of 110 BTC...

I guess in the end it would have been smarter to offer 90% dividends in the beginning but allowing you to do your own business. 1-2 months after mining you could then declare that you will only pay 50% dividends or even less until the next mining rig has been financed + bought. If you sell it smartly (no share dilution!) I guess people would have bought into the IPO now more enthusiastically.

Are the shares offered at 0.99 also offered by you or are they from an investor that wants to jump ship? I would buy a few shares but I want to support you + the company directly. If these offers are not by you, please send/sell me 3 shares via GLBSE (same nickname), I'll transfer you 3 BTC then for them.

It would be bought back at same price it was purchased, and announcement will happen after motion is voted on. The deal will be public. We just want to let our few current investors vote on it first.

Would he buy back @110 BTC for these 400 MH/s?
0.275 per MH/s is one of the cheapest prices around since gigavps' IPO... where are you buying this from?

MOTION GOING ON @ GLBSE:

I buy them with my personal account and put them back for sale/raffle them. Look up the raffle thread in the marketplace. Little advertisement for people not watching the securities forum.

where are the GLBSE sell orders for BTC 0.99 comming from?

I like you. Im in.

You don't seem to understand that issuing more share for more equipment means that older equipment that dies will mean new investors would get the hashing they bought split among older investors since that equipment was not replaced. Eventually after years it wouldn't make any sense for anyone to buy new shares since there's too many others whose's equipment they paid for is dead. It's a plan that is programmed to die out. The PPS bonds that gives perpetual hashing power actually can buy more hashing per funding than what is sold per share. That extra hashing has the capacity to replace equipment and pay admin fees. Only it is not disclosed in clear numbers. The money to replace the equipment does not appear out of nowhere.

The 40% is only higher than usual for growth reasons but is still not too far away than traditional PPS. I made it that way be clear about what is reinvested in new equipment and that all that reinvestment goes to the benefit of people who bought shares in the equipment. Our own fees are clear and fixed at 10%. I believe it is important for members to know what goes where. 50% dividends remains a substantial return if you consider most of the rest goes to giving more value to the shares.

This is a long term investment and hashing should be growing for existing shareholders. After some time the same shares should be giving more than 100% if you were receiving 100% from the start. For this you'd need to double the initial hashing power. You have to have faith in bitcoins and that having efficient equipment will let you be more competitive than others after the block solving reward is halved.

For the pirate bonds... there's some controversy about it even if pirateat40 is trusted. Many have doubts about the up to 7% returns a week being even close to realistic or feasible. Many are pro pirate, but many are also sure he will default. Personally I do not believe it is a safe investment at all. This is a mining only operation and I am not going to start risking and placing people's money they trusted me with left and right when they are co-buying Butterfly Lab mining equipment.

During the wait for a rig to be funded. Why don't u invest in ppt bonds, this will provide a nice dividend stream for investors while u are waiting for the funds to be raised. It does not solve the 8+ week for a rig to be delivered after payment.

Also I wold like to see the re-investment % killed, and basically you offer everything back to investors, but issue more shares each time to purchase a new rig. This way people get full dividend payments, and if you provide a good service and the company works, people will re-invest.

I've struck a deal for 1600 mhash/s I'll be paying for out of my pockets and giving the proceeds away to investors while they wait for the actual equipment delivery. I'll update when the transaction is finalized. I'm making a bank transfer and then need to convert to bitcoins. Should take 3-5 business days so transaction should happen next weekend.

Since I'm the one paying for it, that's purely a gift from me to the first investors for waiting and helping start the operation.