I like the 100% approval rate LOL
Topic: btt - page 81. (Read 407344 times)
New motion posted for bASIC-MINING shareholders:
This motion can be voted on here:
https://btct.co/security/BASIC-MINING
Quote
Shall bASIC-MINING institute a 10:1 stock split?
Given the recent share price appreciation a stock split may help improve liquidity.
Given the recent share price appreciation a stock split may help improve liquidity.
This motion can be voted on here:
https://btct.co/security/BASIC-MINING
is the second avalon already mining and included in the last dividend?
(sorry if i overread something
)
(sorry if i overread something
)Hi bottles. I didn't get the new rig transported, hooked up, and configured until fairly late last night, so while it did contribute to today's dividend, tomorrow will be our first with both mining all day.
Cheers.
Have you considered Eligius as one of your pools? Solid for me over the last month or so.
http://eligius.st/~wizkid057/newstats/blocks.php
http://eligius.st/~wizkid057/newstats/blocks.php
hey creative, apologies if I missed it earlier, but how much did you pay for the new avalon?
Hey carnitastaco. You didn't miss it, I have many updates to make to the spreadsheet, just need to get it done. The Avalon was being priced in USDs(20k). The BTC equivalent at the time was 195.79050416. Paying so much is a risk if difficulty remains on the same trajectory it has been on, but it's about the best we could hope for IMO. I've just begun studying overclocking results(beyond 300) with Avalons so I'm hoping to squeeze more out of them when I have time to babysit them. Thus far they seem 100% stable at their extreme setting with only one hiccup over the weekend...which appeared to have been a loss of wifi connection.
thanks for the quick answer
hey creative, apologies if I missed it earlier, but how much did you pay for the new avalon?
Hey carnitastaco. You didn't miss it, I have many updates to make to the spreadsheet, just need to get it done. The Avalon was being priced in USDs(20k). The BTC equivalent at the time was 195.79050416. Paying so much is a risk if difficulty remains on the same trajectory it has been on, but it's about the best we could hope for IMO. I've just begun studying overclocking results(beyond 300) with Avalons so I'm hoping to squeeze more out of them when I have time to babysit them. Thus far they seem 100% stable at their extreme setting with only one hiccup over the weekend...which appeared to have been a loss of wifi connection.
Yes they have. The arrival of our batch 3 unit or the addition of more ASIC mining gear seems like a reasonable compromise for reinstatement of the growth fund.
I took a bit of a bath in the bakewell fiasco which was, at least initially, centered around treasury shares. It's the long way around setting up a simple growth fund and in this case was also used to negate shareholder votes.
Cheers.
I took a bit of a bath in the bakewell fiasco which was, at least initially, centered around treasury shares. It's the long way around setting up a simple growth fund and in this case was also used to negate shareholder votes.
Cheers.
https://bitcointalksearch.org/topic/btt-130982
https://bitcointalksearch.org/topic/m.1423888
While we could wait until the sun burns out to receive our bASIC01 mining unit(...and remain empty handed...and cold), we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
Cheers.
Quote
Motion to suspend the 30% Reinvestment Fund contributions and instead disperse
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.
https://bitcointalksearch.org/topic/m.1423888
While we could wait until the sun burns out to receive our bASIC01 mining unit(...and remain empty handed...and cold), we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
Cheers.
Haven't the funds been recouped and redeployed into Avalon now? If so, the arrival of the batch 3 unit should probably be a signal to resume the reinvestment fund. Or after x% of initial capital has been deployed.
And you are right, my idea was a fustercluck.
10:1 would seem the sensible division. Very easy for all to just move the decimal and would give a nice level of liquidity. I think this would be forward thinking.
Though it's not what I had in mind initially, I tend to agree.
Cheers.
Not my intent to make a cluster of it, but a company run DRIP would be attractive by offering treasury shares, but would require another motion since all IPO shares are issued. Just a thought to retain a growth fund with minimal dilution. And naturally fractional shares are not an option.
I'm opposed to treasury shares and would vote against such a motion were I to raise one. There's a growth fund built into bASIC-MINING's contract as it stands, so there's no need to gum up the works. The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment prompted me to raise such a motion. The section of the contract covering the growth fund and the motion that suspended it are as follows:
Quote
70% of all revenue generated by bASIC-MINING will be distributed to shareholders on a daily basis. To ensure that bASIC-MINING can continue to grow and remain competitive as the BTC network grows, 30% of mining revenue will be held in reserve to purchase new hardware.
https://bitcointalksearch.org/topic/btt-130982
Quote
Motion to suspend the 30% Reinvestment Fund contributions and instead disperse
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.
https://bitcointalksearch.org/topic/m.1423888
While we could wait until the sun burns out to receive our bASIC01 mining unit(...and remain empty handed...and cold), we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.
Cheers.
Not my intent to make a cluster of it, but a company run DRIP would be attractive by offering treasury shares, but would require another motion since all IPO shares are issued. Just a thought to retain a growth fund with minimal dilution. And naturally fractional shares are not an option.
Thanks for the input guys.
I hadn't really considered a split with the kind of granularity that a 10:1 could provide, but it's an interesting option. I'm a fan of automatic dividend reinvestment programs and it's one of the primary reasons I wanted to implement these burdensome daily payouts in the first place. With the current relatively high share price DRIP's usefulness is less than optimal and a split will go a ways toward correcting this as well as increasing liquidity for some.
I'm fairly sure this is possible with a trading security and not just an import, but let me check in with burnside to be certain before starting a motion.
Cheers.
I hadn't really considered a split with the kind of granularity that a 10:1 could provide, but it's an interesting option. I'm a fan of automatic dividend reinvestment programs and it's one of the primary reasons I wanted to implement these burdensome daily payouts in the first place. With the current relatively high share price DRIP's usefulness is less than optimal and a split will go a ways toward correcting this as well as increasing liquidity for some.
I'm fairly sure this is possible with a trading security and not just an import, but let me check in with burnside to be certain before starting a motion.
Cheers.
I'm considering a new motion.
I'd like to get a sense of what other shareholders think of the idea of a stock split. We have a lot of shareholders with < 10 shares and I think for some liquidity is becoming a problem. I feel that if we did a 3x or 4x split many of our smaller investors could take some profit if they so choose while still maintaining a stake in bASIC-MINING. Conversely many smaller investors on the sidelines could take a position without bASIC-MINING becoming an uncomfortably large portion of their diversified portfolios. Thoughts?
Edit: I believe this is possible with current btct.co software...perhaps burnside can weigh in on this.
I'd like to get a sense of what other shareholders think of the idea of a stock split. We have a lot of shareholders with < 10 shares and I think for some liquidity is becoming a problem. I feel that if we did a 3x or 4x split many of our smaller investors could take some profit if they so choose while still maintaining a stake in bASIC-MINING. Conversely many smaller investors on the sidelines could take a position without bASIC-MINING becoming an uncomfortably large portion of their diversified portfolios. Thoughts?
Edit: I believe this is possible with current btct.co software...perhaps burnside can weigh in on this.
I was actually thinking about this today before you posted it, and had a 10:1 split in mind. While technically a non-event, it does go a long way to investor psychology. I am in for the long term hold, but this would give those looking for the short term trade more options. There is a large war chest (1400+) of bitcoin to put to work, so the share price has a way to go, but if nobody is willing to sell....
It also adds the ability to reinvest dividends quicker for those who wish to hold and have smaller amounts of shares.
Getting the share price down through a split will also put a damper on anyone wishing to start a micro-share passthrough in the near future. So putting the motion out there is a great idea.
I'm considering a new motion.
I'd like to get a sense of what other shareholders think of the idea of a stock split. We have a lot of shareholders with < 10 shares and I think for some liquidity is becoming a problem. I feel that if we did a 3x or 4x split many of our smaller investors could take some profit if they so choose while still maintaining a stake in bASIC-MINING. Conversely many smaller investors on the sidelines could take a position without bASIC-MINING becoming an uncomfortably large portion of their diversified portfolios. Thoughts?
Edit: I believe this is possible with current btct.co software...perhaps burnside can weigh in on this.
I'd like to get a sense of what other shareholders think of the idea of a stock split. We have a lot of shareholders with < 10 shares and I think for some liquidity is becoming a problem. I feel that if we did a 3x or 4x split many of our smaller investors could take some profit if they so choose while still maintaining a stake in bASIC-MINING. Conversely many smaller investors on the sidelines could take a position without bASIC-MINING becoming an uncomfortably large portion of their diversified portfolios. Thoughts?
Edit: I believe this is possible with current btct.co software...perhaps burnside can weigh in on this.
Jump to: