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Topic: [CentiMine] Anonymous mini-mining contracts on GLBSE (CM400) - Final payout! - page 2. (Read 11245 times)

hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
A update for the web client is coming later today.
newbie
Activity: 34
Merit: 0
No, it is not too late - you can still buy quite a few shares on GLBSE.

As a start I'd recommend you to create an account on GLBSE and transfer some funds on it. There is a commandline client and a new web interface available for this.
After having a confirmed balance, you can buy shares at 1 Bitcent each (sometimes cheaper, if some of the current shareholders decide to sell for less than the original price).
sr. member
Activity: 294
Merit: 250
newbie
Activity: 34
Merit: 0
Went through ~7 hours ago or so.

I'll try to get this thread moved to the correct section (again...), looks like now it should be in "Services".
full member
Activity: 308
Merit: 100
Today is payment, right? When?
newbie
Activity: 34
Merit: 0
Damn, while testing out how many shares i can now really sell at once, I accidentially removed one 0 at the end of one sell order and 9 "low bid lurkers" got lucky... Undecided

Ah well, I guess I can easily cover that out of my own pocket anyways - gratulations for the bargain deal guys, whoever you are! Wink

I still am not able to put up the whole lot in one piece for sale, but most of them should be available now and the remaining ~1000 shares will also be as soon as I/Nefario have found out what's going on here.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
Sorry for the late update.
I checked this out yesteryday(sent you a pm), everything seems to be working fine as you had placed a large sell for shares.

If there are anymore issues relating to this please let me know.

Nefario.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
Interestingly I can NOT sell my shares now (38165 are still in my folio and show up there) after I stopped trading.

python bmc.py sell 38165 CM400 1000000
00
Enter passphrase:
Problem: You do not have enough unreserved assets to make this order, please can
cel another order to allow

I have 0 orders open and selling 1 share less does not help too... Nefario?! I might have spotted a bug...

Selling 10000 shares worked though, if someone wants to buy more shares right now, please just get in contact with me in the meantime.

Damn, I won't be able to do anything about that until Monday.
newbie
Activity: 34
Merit: 0
Interestingly I can NOT sell my shares now (38165 are still in my folio and show up there) after I stopped trading.

python bmc.py sell 38165 CM400 1000000
00
Enter passphrase:
Problem: You do not have enough unreserved assets to make this order, please can
cel another order to allow

I have 0 orders open and selling 1 share less does not help too... Nefario?! I might have spotted a bug...

Selling 10000 shares worked though, if someone wants to buy more shares right now, please just get in contact with me in the meantime.
XIU
member
Activity: 84
Merit: 10
Already got 361 shares, can't wait for the payment tomorrow, profit is nice Smiley
full member
Activity: 308
Merit: 100
I bought 170 shares on CM400 yesterday.

The pay will be in my balance, or I have to sell your shares to harvest my investing?

The minor payouts still being given every friday?

Sorry for my english ;-)
Every Friday that you keep these shares, you will get 170/40000 of the income of the last weekend. In ~2 months, you will get the income of the remaining days (if you keep your shares until then) + a bonus of 250 BTC (broken down to each share of course) also via the pay function of GLBSE. It shows up in your balance automatically.

In reality, each share costs less than 0.5 Bitcents: I was overpriced in the beginning and decided to handle it like this (adding the rebate to the big payout), to not devalue the shares of early adopters. See http://forum.bitcoin.org/index.php?topic=8642.msg137033#msg137033 for a more lengthy explanation.

Thank you a lot! I'll buy a lot more as im not using my mined bitcoin.


That's sorted now, you'd used an old address.

Thank you again!
newbie
Activity: 34
Merit: 0
I bought 170 shares on CM400 yesterday.

The pay will be in my balance, or I have to sell your shares to harvest my investing?

The minor payouts still being given every friday?

Sorry for my english ;-)
Every Friday that you keep these shares, you will get 170/40000 of the income of the last weekend. In ~2 months, you will get the income of the remaining days (if you keep your shares until then) + a bonus of 250 BTC (broken down to each share of course) also via the pay function of GLBSE. It shows up in your balance automatically.

In reality, each share costs less than 0.5 Bitcents: I was overpriced in the beginning and decided to handle it like this (adding the rebate to the big payout), to not devalue the shares of early adopters. See http://forum.bitcoin.org/index.php?topic=8642.msg137033#msg137033 for a more lengthy explanation.

Edit:
Looking at the trade history on http://charts.glbse.com/markets/CM400_trades.html, I'm really happy by the way that some people seem to buy just 1 single share and some others buying them at the dozen or more! I strongly believe that 1 BTC at once is already quite a hurdle to do an investment - and it's likely to even grow in the future!
Thanks to everyone who bought shares so far, be it a single one or a few hundred at once.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
I had the same error of Centimine when using balance command:

Problem: Your account doesn't balance, you may have deposited funds please wait a few minutes. Do not re-use old addresses when sending funds,for each deposit you should get a new address, if you have sent funds to an old bitcoin address it must be manually added to your account. Please email the adiministrator, [email protected] to inform him.

I dont understand; have I to wait? how many time?

That's sorted now, you'd used an old address.
full member
Activity: 308
Merit: 100
I had the same error of Centimine when using balance command:

Problem: Your account doesn't balance, you may have deposited funds please wait a few minutes. Do not re-use old addresses when sending funds,for each deposit you should get a new address, if you have sent funds to an old bitcoin address it must be manually added to your account. Please email the adiministrator, [email protected] to inform him.

I dont understand; have I to wait? how many time?
full member
Activity: 308
Merit: 100
I bought 170 shares on CM400 yesterday.

The pay will be in my balance, or I have to sell your shares to harvest my investing?

The minor payouts still being given every friday?

Sorry for my english ;-)
newbie
Activity: 34
Merit: 0
You only loose 6 days of mining worth if you buy now until friday, when the next 2 days of mining from last weekend will be paid out.

To encourage people buying early, instead of waiting until the last day and then buying all shares - or not, then I did all this work for nothing - I came up with this concept to reward trust in me and early investment without harming latecomers too much.

Concerning your question: No, I won't lower the price per share until all shares are sold. After the shares are all sold, I still hope that people trade shares and some real speculation, trading etc. comes out (currently nearly all assets listed on GLBSE are still in the "selling initial shares" phase). Unfortunately it seems like shares sell slower than expected, partially maybe because GLBSE is not the easiest thing to use - but this is getting better and better (check out the web client and - brand new - the awesome charts at http://charts.glbse.com/markets/CM400.html!).

Maybe I was a few weeks/months too early to have a rock solid product, but in the end I still enjoy the experience of updating, communicating, paying out dividends and finding bugs.
hero member
Activity: 518
Merit: 500
I have not yet got around to testing out the stock exchange, but I'm slightly interested in this offer as a proof of concept. One question though.

As I understand, you have issued the 40000 shares at 1 bitcent each and still having the excess remaining for sale until all are sold. However, since the value of the shares will diminish with time as income is paid out and remain worthless in the end, the shares are actually more expensive now than at the start (i.e. if I buy now, I will get a couple of weeks less than 3 months of mining). Is this understanding correct?

Would you consider dropping your ask price on the remaining shares each time a dividend is paid?
newbie
Activity: 34
Merit: 0
...it did!

Thanks for the fast response, shares are up for sale again. Smiley
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
Ive fixed the dividend bug and cleaned up the mess, so everything (paying dividends) should work fine.

Nefario.
full member
Activity: 308
Merit: 100
I don't understand: I have buy a lot of shares, they appear ok, but my balance still the same. Why? I don''t Understand; sorry I'm new on markets.
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