[BTCTC][[ASICMINER-PT]] - Public trading of ASICMINER shares - page 22.

StevenPine

newbie

Activity: 44

Merit: 0

Quote from: burnside on April 01, 2013, 03:19:59 AM

Now that we're over 5,000 shares I've sent a PM to Friedcat asking for clarification on whether the PT qualifies for a board seat and a sample asic.

If we qualify for a seat on the board, we will be using the motions system to allow shareholders to vote on how the PT will place it's votes. Thus all shareholders will get a say in how things are run.

If we qualify for a sample ASIC I will point it at a mining pool where everyone can see it mining. I'll set the pool withdrawal address to the deposit address of the issuer account at btct.co. Then 100% of the earnings will go out with the regular weekly ASICMINER dividends.

Cheers.

This is great news for the exchange, any word on whether friedcat opinion? And thanks, I appreciate your work.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Divs of 0.00255553/share paid.

Cheers.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Latest round of transfers have been completed.

Divs should hit in about an hour. Wink

Cheers.

JimiQ84

sr. member

Activity: 406

Merit: 250

Quote from: burnside on April 01, 2013, 03:19:59 AM

Now that we're over 5,000 shares I've sent a PM to Friedcat asking for clarification on whether the PT qualifies for a board seat and a sample asic.

If we qualify for a seat on the board, we will be using the motions system to allow shareholders to vote on how the PT will place it's votes. Thus all shareholders will get a say in how things are run.

If we qualify for a sample ASIC I will point it at a mining pool where everyone can see it mining. I'll set the pool withdrawal address to the deposit address of the issuer account at btct.co. Then 100% of the earnings will go out with the regular weekly ASICMINER dividends.

Cheers.

Nice job, thanks!

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Now that we're over 5,000 shares I've sent a PM to Friedcat asking for clarification on whether the PT qualifies for a board seat and a sample asic.

If we qualify for a seat on the board, we will be using the motions system to allow shareholders to vote on how the PT will place it's votes. Thus all shareholders will get a say in how things are run.

If we qualify for a sample ASIC I will point it at a mining pool where everyone can see it mining. I'll set the pool withdrawal address to the deposit address of the issuer account at btct.co. Then 100% of the earnings will go out with the regular weekly ASICMINER dividends.

Cheers.

tempt

sr. member

Activity: 294

Merit: 262

Looking to buy shares for a total of 10BTC.PM Me if you have any to sell.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: penta on March 31, 2013, 01:28:48 AM

hey burnside, great service, just bought 100 shares that i wanna hold onto for abit, how do i go about moving them out of the exchange, and how are they registered to be owned by me if i do? bitcoin wallet/name or email or something?

Yup, you can send them to "BurnsideAsicminer" on the exchange, then I send friedcat a transfer request with qty/btc address/email.

There's no fees right now though, and for at least another couple months. You never know if you might want to sell in that time. I'd recommend keeping them liquid at least until then.

Cheers.

penta

member

Activity: 113

Merit: 20

hey burnside, great service, just bought 100 shares that i wanna hold onto for abit, how do i go about moving them out of the exchange, and how are they registered to be owned by me if i do? bitcoin wallet/name or email or something?

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: faisalp on March 30, 2013, 07:10:36 PM

Burnside...when you have a sec, I have a share exchange outstanding, regular asicminer for passthrough...confirmed by friedcat. See PM. Thanks.

All transfers in have been completed. Thanks!

faisalp

newbie

Activity: 52

Merit: 0

Burnside...when you have a sec, I have a share exchange outstanding, regular asicminer for passthrough...confirmed by friedcat. See PM. Thanks.

wisard

sr. member

Activity: 272

Merit: 250

Quote from: Metus on March 28, 2013, 07:14:05 AM

Thank you very much. I should expect an increase in dividend payments over the next couple weeks then?

Depends if ASICMiner can get all 12TH online instead of less than 7TH. Because others will keep on getting on board. So if all 12TH is not online, then we will see decling dividends till the next batch of ASICs arrive.

If everything goes according to plan, then we should start seeing rising dividends again from May on wards - when 50TH starts coming online steadily.

Metus

newbie

Activity: 33

Merit: 0

Thank you very much. I should expect an increase in dividend payments over the next couple weeks then?

wisard

sr. member

Activity: 272

Merit: 250

Quote from: Metus on March 28, 2013, 06:41:33 AM

Quote from: burnside on March 27, 2013, 08:27:46 PM

Dividend of 0.003775/share issued. Wink

Historically dividends were higher. Did something happen?

Yes. Multiple things happened.

A dividend payment was made on Sunday to complete the 0.1BTC dividend payments for all share holders. So this dividend payment is calculated based on 3 days of mining.

After that, dividends would be calculated on total ASICMiner shares. And not only publicly owned ASICMiner shares. Bitfountain owns 200,000 ASICMiner shares that have now started earning dividends.

And finally, friedcat said that dividend payments will be low for the next couple of weeks as they put in orders for 200TH more.

Oh and also, ASICMiner's have not crossed the 7TH mark yet while the total network hashrate has increased. Which means earning less share from all newly mined blocks. (All of their 12TH are not yet up, no idea whats slowing them down.)

Metus

newbie

Activity: 33

Merit: 0