Topic: btt - page 103. (Read 407332 times)

Tom continues to tease.


https://www.btcfpga.com/forum/index.php?topic=863.0

My camera is loaned out so I snapped a crumby phone pic. Neither the camera or the photographer are terribly effective I fear.



It's a Giga UD3R.r1 board w/ an i7-930, Corsair H50 cooler, 2GBx3 RAM, Corsair TX750 & Antec 620 PSUs. The cards pictured are the MSI 6950(unlocked to 1536 shaders), HIS 5830, Powercolor 6870, & a Sapphire 6770. All of the cards are overclocked via afterburner, but I don't overvolt as the killawatt says that just eats more power/Mh produced.

There's an unused PCIex16 slot at the bottom of the board, so I'll be looking to migrate another of the cards(6850) to this rig in the near future. I don't tend to interrupt the mining rig when it's behaving and just save all my alterations for when a restart is necessary for one reason or another. This rig has been peacefully mining without incident since the PCIe risers arrived on Xmas Eve. OS is WIN8 Pro with classic shell.  

Edit: I built the wooden cage/card holder when the cooling fans on the cards began croaking last year. The generic replacements take up more space and block too many slots to be practical without risers. Both fans on the 6950 have croaked and been replaced as well as the single fan on the 5830.

Edit2: The system is headless and I only flip on a monitor occasionally if I have reason to suspect something's amiss. The only drives are the OCZ 30GB SSD shown and the optical under it which hasn't been used since the OS was setup.

Who doesn't right? Travelling today so the pr0n will likely have to wait till tomorrow...gotta earn my puppy chow. 

Naked cards? Exposed boards? We love server/rig pr0n.

Sure I can snap some pics and post them up. Four of the cards are hashing from a Gigabyte s1366 board with dual PSUs. The whole thing is caseless so it ain't the pertiest thing ever, but it is a lot easier to work on this way.

Any chance you can post pictures of the whole mining setup? I am interested to see how it is set up

I'm expecting late January, while holding out hope of a mid January shipping date.

Great news! ...  Again.

Delivery by Mid-January right?

*begins holding breath*

Thank You! Welcome aboard!


lol

Keep up the good work creativex! I just made my first deposit to btc-tc and picked up a share or two.   

Good news! The flurry of sales in the past 24 hours has given us enough BTC to add an additional bASIC01 mining unit at current exchange rates when they become available, for a total of three ASICs.

Happy New Year everybody! Enjoy the holiday.

Daily dividend of 0.25169042 BTC(0.000452681/share) paid.

Indeed, it wouldn't be up to the minute, but I have my own count of outstanding shares that I maintain and update regularly, so there'd likely be only a small number of shares that would need to be accounted for. These shares would have their portion of revenue set aside until communication could be resumed or proof of ownership could be established. A little deductive reasoning might be necessary to account for 100% of outstanding shares if such a scenario came to pass, but I think it's safe to say we're pretty well protected against large information loss at this point.

At present if the site vanishes then using the methodology described above you'd have data that was 0-12 hours out of date (which means it likely wouldn't be wrong by much - but there's a good chance it WOULD be inaccurate.  You can already pretty much eliminate that by polling the list via an API  call - a cron job running curl with output to a file should do the job if using linux.  Think there'll be a website tracking trading before too long - which will mean an easy way to find out if a list IS still up to date.  And a windows tool to grab the list regularly wouldn't exactly be hard to write.

I've been contacted by multiple potential investors, interested in buying shares, but concerned that a GLBSE like default could occur at BTC-TC leaving bASIC-MINING shareholders in limbo. I'd like to assure everyone that BTC-TC has been set up in such a way that a complete loss of shareholder data is not possible. Asset issuer accounts are automatically emailed updated shareholder lists every 12hrs. These lists contain the email address of record and number of shares held by each investor in bASIC-MINING.

I receive these lists and they are stored in an outlook data file, which is backed up once/week on my file server. I've also created a hard copy of this information and filed it away for safe keeping(I'm a meticulous record keeper) and I'll update this copy once/week. Please rest assured that every precaution has been taken to avoid a repeat of the disastrous GLBSE default. If contact with BTC-TC is lost for a contiguous 72hrs I will retrieve the most recent shareholder list and begin confirming holdings via email, 48hrs after that if contact with BTC-TC has not been restored I will begin collecting payment addresses from confirmed shareholders so that manual payments may resume within 7 days. Any shares that cannot be matched to a payment address will have their share of dividends set aside until such time as payments can be resumed.

Thank you and please be assured that although investing will always entails some measure of risk, this particular risk has been all but eliminated.

I've become so comfortable with the LTC-GLOBAL/BTC-TC platform that I sometimes forget it's been around for a relatively short time frame and many are still unaware of it's existence or safeguards. I've quoted my above comments on the front page.    

Daily dividend was a little late today and as a result slightly larger than average at 0.24381336(.00051765/share).

I've begun updating the OP with investment data. Although I probably won't be able to update it every day, I won't let it get too far out of date. As always you can get information about bASIC-MINING at the homepage/spreadsheet which has also received more detailed investor data:

https://docs.google.com/spreadsheet/ccc?key=0ArTS7AD--9SWdDNfb0lRNElqS1k1eGRoWEw2TGM4NlE&pli=1#gid=0

As the google shared spreadsheet is much easier for me to update, it will likely be a better source of up to date information than the front page here.

If anyone has any requests for financial data that they'd like to see detailed I'm open to suggestions and will attempt to incorporate them into future updates.

Happy New Year!

Motion to suspend Reinvestment Fund payments until the company's bASIC01 arrives has passed. Results are:

434 Yay 0 Nay with 434/471(92.1%) of votes counted.

As a result of this vote I've paid out 100% of earnings over the past 24 hours and will continue to do so until such time as the company's bASIC01 arrives.

Daily dividend is 0.23124148/463 = 0.00049944 per share.

Daily yield = 0.15134595%

Annual Percentage Yield(APY) = 55.241%

Thanks everyone for voting. Enjoy your weekend!

Thank you for the kind words. It's a learning experience, so I'm likely to gaff here and there.

Operating expenses are deducted from my shares, so an increase in dividends would actually increase reimbursement of power costs and breakdowns. The reinvestment fund belongs to us all and is simply there to ensure that bASIC-MINING can continue to grow to keep up with the growth of the BTC network, rather than stagnating like a fixed rate mining bond. The contributions are rather small just now however as there's only so much juice that can be squeezed out of six GPUs.   I think the funds are probably better allocated rewarding early investors and encouraging more investors at this juncture. Encouraging more investors could help us generate a larger bulk ASIC purchase and potentially lower purchase prices and/or increase future hashrate, thus increasing contributions to dividends and the reinvestment fund...etc.

In the future I expect the reinvestment fund to be a vital working part of our company's structure, but just now it's not enough to really justify the reduction in dividends.

I'm going to open a motion so we can all weigh in on this, thanks for the input.

That would be fantastic, but only if you are sure that you are covered for operating costs, repairs, breakdowns of equipment, and, of course, that you are making enough out of this venture to stay as committed to it.

I must say it's a pleasure to see someone running things so well, professionally and with so much attention to the wellbeing of their shareholders.

As you well know, others around here are not!

Thanks.

I'm considering raising a motion, probably something I should've had the foresight to write into the contract anyway. The motion would simply be to suspend contributions to the reinvestment fund until the bASIC01 pre-order arrives and to instead distribute the funds as daily dividends. This would increase daily dividends by 30%.

Thoughts? It's a little tough to see a downside for shareholders on this issue, but I thought I'd ask prior to initiating a vote.