btt - page 69. | Bitcointalksearch.org

carnitastaco

sr. member

Activity: 420

Merit: 250

Quote from: creativex on July 17, 2013, 07:26:23 AM

Quote from: cashmere on July 16, 2013, 11:35:59 PM

I was going to ask about when new equipment would be acquired. Clearly this is something that you are actively working on while you are away from the boards.

Thank you for your continued efforts on this "little startup". Can't wait until you tell us that you are no longer living in a home, but a mining facility (or has that happened already?). Grin

Hi cashmere. Yes this is taking more of my time than I'd originally intended, but it's been fun.

Cheers.

Fun and lucrative...shouldn't you be getting close to an on-paper fiat millionaire?

runam0k

legendary

Activity: 1092

Merit: 1001

Touchdown

Always a pleasure to follow the updates in this thread and to see how well managed this mining co is - great job, creativex.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: creativex on July 17, 2013, 10:25:30 AM

Results of motion to buy BFL minirig with shares.

yay 36184 nay 14 abstain 845 73.6% Approval. Thank you everyone for voting.

I'm going to operate on the assumption that this motion will pass tomorrow as it seems unlikely enough votes will move to change the outcome. At this point I'm hoping to travel this evening and pick up the unit tomorrow morning. I've contacted the seller and asked him to make arrangements to transfer the rig to me upon arrival.

Cheers.

Have a nice road trip

Tafelpoot

full member

Activity: 191

Merit: 100

nice!

creativex

sr. member

Activity: 434

Merit: 250

Results of motion to buy BFL minirig with shares.

yay 36184 nay 14 abstain 845 73.6% Approval. Thank you everyone for voting.

I'm going to operate on the assumption that this motion will pass tomorrow as it seems unlikely enough votes will move to change the outcome. At this point I'm hoping to travel this evening and pick up the unit tomorrow morning. I've contacted the seller and asked him to make arrangements to transfer the rig to me upon arrival.

Cheers.

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: matt4054 on July 17, 2013, 07:29:25 AM

Quote from: creativex on July 17, 2013, 07:25:26 AM

Next time I'll do a news item as well for important votes. I tend to use the system sparingly as I'm not a fan of spam.

Problem with spam is always the same, your signal gets covered by other's noise.
Just post a pic of the half-terahash rig when you get it and the sell order book will run dry Cheesy

+1

creativex

sr. member

Activity: 434

Merit: 250

Quote from: dexX7 on July 17, 2013, 01:12:43 AM

Quote from: MilkyLep on July 16, 2013, 11:51:55 PM

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

I think this is already addressed:

Quote from: creativex on July 16, 2013, 01:10:33 PM

Ordered some high performance fans for the singles and Avalons. I've already replaced some of the fans on the Avalons, but I need more deltas and 90mm fans meh...who keeps them around? Glad I'm in the process of moving everything to a dedicated "cold room", those deltas are LOUD.

Order Summary

Sales Order Number: 17421xxxx
Sales Order Date: 7/16/2013 9:55:58 AM
11 x Delta AFB1212GHE-CF00 120mm Case cooler

10 x bgears b-Blaster 90 90mm Case Fan

Total Amount: 3.63181585

Cheers.

Not sure though if this covers the new rig also..

Hi dexX7. It doesn't, though I did order a few extras as fans die or get broken and a higher volume order lowered the unit price. I've had time to assess the cooling needs of the Avalons and Singles. I'll leave the minirig alone until I've had time to assess it's design weaknesses, but if the fans in the minirig are the same 120mm no name bulk fans that come with the singles then we'll likely benefit from replacing them.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: MilkyLep on July 16, 2013, 11:51:55 PM

Can we trust the 1300 "new" shares wont be dumped on the market immediately in order for the seller to recoup loses? If this is the case would it be better to use some treasury funds vs shares to pay for the mini-rig?

Hi MilkyLep. What the seller does with the shares is really up to him. The only stipulation I put on them was that they'd not be released until the rig is released to me. I've dealt with this individual in the past and find him to be 100% trustworthy, but I tend to err on the side of caution when it comes to other people's interests/funds.

Quote

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

I recently added two AC units out of pocket. One a 12k BTU stationary(window) unit and the other a 10k BTU portable. Hopefully this will be enough, but if I have to swap out the 12k for a larger unit or add another portable I'll consider it.

Quote

just trying to bounce some ideas around and figure out why issuing shares are the way to go Wink

I think its important to know what price point the shares will be issued at.

This is IMO the best path for us at this time. This will double our dividends, double contributions to our re-investment fund, and still leave us with sizable BTC reserves and all for only a tiny dilution of shares. The shares will not be priced at all, they'll simply be transferred directly.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: matt4054 on July 17, 2013, 07:29:25 AM

Quote from: creativex on July 17, 2013, 07:25:26 AM

Next time I'll do a news item as well for important votes. I tend to use the system sparingly as I'm not a fan of spam.

Problem with spam is always the same, your signal gets covered by other's noise.
Just post a pic of the half-terahash rig when you get it and the sell order book will run dry Cheesy

Hi matt4054. Only problem is that there wouldn't be a picture of the rig in my possession without a successful vote. Wink

It doesn't look like that will be a problem however so expect some pics.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: creativex on July 17, 2013, 07:25:26 AM

Next time I'll do a news item as well for important votes. I tend to use the system sparingly as I'm not a fan of spam.

Problem with spam is always the same, your signal gets covered by other's noise.
Just post a pic of the half-terahash rig when you get it and the sell order book will run dry Cheesy

creativex

sr. member

Activity: 434

Merit: 250

Quote from: cashmere on July 16, 2013, 11:35:59 PM

I was going to ask about when new equipment would be acquired. Clearly this is something that you are actively working on while you are away from the boards.

Thank you for your continued efforts on this "little startup". Can't wait until you tell us that you are no longer living in a home, but a mining facility (or has that happened already?). Grin

Hi cashmere. Yes this is taking more of my time than I'd originally intended, but it's been fun.

Cheers.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: stslimited on July 16, 2013, 11:32:30 PM

Quote from: gnomesick on July 16, 2013, 11:23:45 PM

Hi creativex,

I don't know how much of a hurry you are in to have this motion passed, but I didn't receive an email notifying me of the motion, and only noticed it because I check btct.co and this thread reasonably frequently. If you'd like to get the attention of some of the less active shareholders, I might consider putting a notification on btct. (Hopefully, this is something burnside will make automatic in the near future.)

-gnomesick

same here, I see the motion is available on BTCT.CO but I definitely did not get an email. I had to look close too, because all these mining companies post motions and they all have similar names

and whoever bought the X shares I placed on the ask wall earlier today, would have moved the order book that much higher. so. think about that.

Thanks for the heads up guys. Next time I'll do a news item as well for important votes. I tend to use the system sparingly as I'm not a fan of spam.

creativex

sr. member

Activity: 434

Merit: 250

Good morning. I'll address the salient points to everyone's posts, PMs, and emails ASAP, but I wanted to say THANK YOU to everyone that's voted on the recent motion and urge anyone that hasn't to weigh in on this as it's a huge step for us.

Cheers.

Edit: ...and also whew. It was looking like our toughest dividend day yet as pool luck has been abysmal...then this just a couple minutes ago:

Guess if you want something done right... Cheesy

AngelSky

hero member

Activity: 1008

Merit: 537

Quote from: odin.dillinger on July 17, 2013, 05:01:01 AM

Makes me sad I sold half of my shares, in a hope to get them back cheaper. Boy was that stupid Tongue

You are not the only one Wink

odin.dillinger

newbie

Activity: 43

Merit: 0

Splendid news!
Makes me sad I sold half of my shares, in a hope to get them back cheaper. Boy was that stupid Tongue

Oh well, cant cry over spilled milk as some stupid twat once said.

Keep up the good work, im routing for you!

bobboooiie

hero member

Activity: 656

Merit: 500

Sweeeeeeeeeeet, voted yes. Lets bring this puppy home.

Quote from: MilkyLep on July 16, 2013, 11:51:55 PM

Can we trust the 1300 "new" shares wont be dumped on the market immediately in order for the seller to recoup loses? If this is the case would it be better to use some treasury funds vs shares to pay for the mini-rig?

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

just trying to bounce some ideas around and figure out why issuing shares are the way to go Wink

I think its important to know what price point the shares will be issued at.

Well, he can do whatever he wants with his shares but if you think about it if he wanted to do dump the shares why wouldnt he just ask for some value of it paid in BTC since we have ~1000btc in reserve. He clearly wants to keep some portion of the pie at least,

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

I figured those where more for aiding with airflow in/out/through/around the machines, I meant something more, heavy-duty. Cool

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: MilkyLep on July 16, 2013, 11:51:55 PM

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

I think this is already addressed:

Quote from: creativex on July 16, 2013, 01:10:33 PM

Ordered some high performance fans for the singles and Avalons. I've already replaced some of the fans on the Avalons, but I need more deltas and 90mm fans meh...who keeps them around? Glad I'm in the process of moving everything to a dedicated "cold room", those deltas are LOUD.

Order Summary

Sales Order Number: 17421xxxx
Sales Order Date: 7/16/2013 9:55:58 AM
11 x Delta AFB1212GHE-CF00 120mm Case cooler

10 x bgears b-Blaster 90 90mm Case Fan

Total Amount: 3.63181585

Cheers.

Not sure though if this covers the new rig also..

stslimited

hero member

Activity: 546

Merit: 500

Quote from: MilkyLep on July 16, 2013, 11:51:55 PM

Can we trust the 1300 "new" shares wont be dumped on the market immediately in order for the seller to recoup loses? If this is the case would it be better to use some treasury funds vs shares to pay for the mini-rig?

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

just trying to bounce some ideas around and figure out why issuing shares are the way to go Wink

I think its important to know what price point the shares will be issued at.

I had considered this too, I was going to request that the holder of these shares liquidate off of the exchange books and instead via forum auctions, if they wanted to

but liquidity disruptions in the order book just because someone wanted to sell at market tend to correct themselves, on these mining companies from what I've seen.

MilkyLep

hero member

Activity: 583

Merit: 500

Bitcoin for all & all for Bitcoin

Can we trust the 1300 "new" shares wont be dumped on the market immediately in order for the seller to recoup loses? If this is the case would it be better to use some treasury funds vs shares to pay for the mini-rig?

If you're having trouble with keeping the miners cool might I suggest posting a motion to use part of the 1000BTC towards another a/c (or whatever equipment you feel necessary) to bring the miners towards a higher efficiency?

just trying to bounce some ideas around and figure out why issuing shares are the way to go Wink

I think its important to know what price point the shares will be issued at.

Topic: btt - page 69. (Read 407332 times)