Creative Mining Official IPO thread - page 2.

CreativeMining

newbie

Activity: 51

Merit: 0

Quote from: My Name Was Taken on November 12, 2014, 02:32:05 PM

Quote from: CreativeMining on November 10, 2014, 03:19:07 AM

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

Creative Mining dividend payouts will continue as per contract.

It simply means We are using the profit We have made so far to expand our mining facility. Yes, the living quarters were initially created for the operators to stay overnight. The space was also used as storage room for boxes and spare equipment.

My Name Was Taken

member

Activity: 98

Merit: 10

Quote from: CreativeMining on November 10, 2014, 03:19:07 AM

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

CreativeMining

newbie

Activity: 51

Merit: 0

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

CreativeMining

newbie

Activity: 51

Merit: 0

Creative Mining Dividends 07.11.2014

Total Bitcoins mined: BTC4.54179939

Creative Mining Investment Fund (35%): BTC1.58962978

Total Profit (65%): BTC2.95216960

Maintanance Fee: BTC0

Electricity Costs: BTC0

Total Dividend payout (per share):

07.11.2014 BTC0.00029521

johnswilliams5

newbie

Activity: 4

Merit: 0

Quote from: CreativeMining on August 24, 2014, 06:28:24 AM

CREATIVE MINING

Creative Mining was created with the intent to give investors the opportunity to participate in Bitcoin mining, without purchasing and maintaining their own hardware.

ABOUT ME

I gathered interest and started mining Bitcoin in early 2013. It has been an awesome experience so far but recently, it has become much more than that for me. As for growth, I see great potential. I want to expand Creative Mining largely and will be doing so, obviously, in accordance with the terms of this project.

PROJECT LOCATION

Creative Mining
Seilfahrt, Bochum
North Rhine-Westphalia, Germany
[email protected]

Creative Mining website

Crypto-Trade.com TickerID - CREATIVE

MINING

Creative Mining is a Bitcoin mining project, located in Bochum, Germany. Our miners are kept at a very secured location underground, with access to free electricity grid, up to a maximum of 100kW. These advantages will make Creative Mining competitive with any other mining assets on the market. The company will offer 10,000 non-dilutable shares of a Creative Mining.

DIVIDENDS

Dividends will automatically appear in shareholders Bitcoin wallets every Friday. Dividends will consist of 65% of Creative Mining net revenue for the week. Net revenue is defined as the total of all Bitcoins mined minus maintenance costs.
The percentage of the net revenue paid in dividends can change if shareholders vote to change it. Such action will only occur if the state of the Bitcoin mining space demands it.

REINVESTMENT

Every week, Creative Mining will reserve a percentage of mined Bitcoins equal to 35% of net revenue. These investments will allow Creative Mining to deploy additional hardware. Time of deployment for this additional hardware will be in the best interest of shareholders.

OUR CURRENT MINING SET-UP

4x 'KNC' Neptunes with first ever 20nm chip, 20 boxes hashing at ~13.8 Th/s total

13x 'CoinTerra' Terraminers with 4 x GoldStrike 28nm ASIC Chips (2 per board) hashing at ~1.6 Th/s each - ~19.5 Th/s total

6x 'Avalon' #2Batch 2 module 160 55nm chips on each module, hashing at ~240Gh/s each - ~1.41 Th/s total

120x 'Gridseed' Dual 5 chips on each module, hashing at ~11Gh/s each - ~1.3Th/s total

6x 'Bitmaintech' AntMiner S3 B6 hashing at ~450Gh/s each - ~2.7Th/s total

5x 'Bitmaintech' AntMiner S3 B8 hashing at ~455Gh/s each - ~2.3Th/s total

2x 'Bitmaintech' AntMiner S4 B2 hashing at ~2.1Th/s each - ~4.2Th/s total

Creative Mining total hashing power ~46Th/s = 4.6Gh/s per share

www.creativemining.eu
[email protected]

WOW! its really cool reading all the post and replies...as I'm reading im also getting ideas that I need to research more to know what you really talking.thinking it it really true or it is a scam? ..BTC

CreativeMining

newbie

Activity: 51

Merit: 0

Dear Shareholders

We have managed to deploy all recently purchased 8 (eight) AntMiners S3 B6. Our total hashing power is now coming up to a whopping ~50Th/s and climbing. Additionally, We will be purchasing another 5 (five) AntMiners S3 B6 as soon as they are ready for shipment.

We would like to sincerely thank Mariusz and his "Miner Syndicate" team for suppling Creative Mining with great service at affordable prices. Mariusz will be the first person to visit our mining facility in Bochum when he comes back from his business travel. I am sure he will be more than happy to share his experiences and provide a quick review.

Creative Mining

"The future is bright"

CreativeMining

newbie

Activity: 51

Merit: 0

Quote from: coinmaster222 on November 02, 2014, 08:16:32 PM

How do you buy shares here if your interested??

Creative Mining IPO shares are available to purchase only on Crypto-Trade.com Ticker ID: CREATIVE CRM/BTC

https://crypto-trade.com/securities/trade/crm_btc

coinmaster222

hero member

Activity: 756

Merit: 500

How do you buy shares here if your interested??

CreativeMining

newbie

Activity: 51

Merit: 0

Creative Mining Financial Statement 02.11.2014 (docx)

http://speedy.sh/Txn3G/Statement01.11.2014.docx

lobbes

full member

Activity: 240

Merit: 101

Quote from: My Name Was Taken on October 31, 2014, 01:29:10 PM

...
Ok, so that's mainly an IRC rating type thing? Does the trust system in this forum work similar or different than WoT?

The 'rating' and 'authenticating' is done via IRC, yes. The trust system works almost anywhere that would require trust.

The trust system in this forum is not the same, no. Anybody can create an account, and there is no 'authentication,' so the same guy could, in theory, create 50 accounts to give his main account 50 positive reviews. He could buy 'aged' accounts from others (a common practice) to make this look legitimate.

The beauty of WoT is the fact that you can, through PGP, be sure that the person you dealing with is actually the person they are claiming to be. Now, you only know that they hold the private key to their registration within the WoT, that is it. The rest is up to you in terms of trusting them, just like if you were talking to someone in real life. You know that the person is who they are because they are standing in front of you. The trust flows from your, and your trusted peer's interactions with this person, not the system itself.

To quote from one of my earlier links:

Quote

The Web of Trust is merely the infrastructure upon which trust is built, by you, for your own use, within yourself. The same objective set of relations can result in drastically different trust in the eyes of drastically different third parties. The point of the WoT is not to make these judgements for you.

My Name Was Taken

member

Activity: 98

Merit: 10

Quote from: lobbes on October 31, 2014, 01:24:55 PM

Quote from: My Name Was Taken on October 31, 2014, 01:14:06 PM

...
What is "WoT?"

Web of Trust (for bitcoin-otc)

For the official explanation: http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

A nice 'high-level' overview by everyone's favorite guy, Mircea Popescu (opinions aside, the guy makes a lot of sense about a lot of things Bitcoin): http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/

Ok, so that's mainly an IRC rating type thing? Does the trust system in this forum work similar or different than WoT?

lobbes

full member

Activity: 240

Merit: 101

Quote from: My Name Was Taken on October 31, 2014, 01:14:06 PM

...
What is "WoT?"

Web of Trust (for bitcoin-otc)

For the official explanation: http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

A nice 'high-level' overview by everyone's favorite guy, Mircea Popescu (opinions aside, the guy makes a lot of sense about a lot of things Bitcoin): http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/

My Name Was Taken

member

Activity: 98

Merit: 10

Quote from: lobbes on October 31, 2014, 01:05:07 PM

Quote from: SamWalters on August 25, 2014, 03:26:14 AM

lol new user, IPO. I'm tired of this, really. I don't post in Securities a lot but I am seeing this daily.

We need more proof to validate why and how we can trust you with our money without you delivering anything.

This is why the WoT is such a powerful tool, and why you really can't trust any of these
'offerings'

Even with 'proof' of validation, you still don't know the OP from Adam. We've seen this so many times in this forum; the OP may look credible, but it is still an 'Over-the-counter' interaction, with no regulation. The counter-party risk is huge here and, as history tells us, rarely works out for the best.

At least if you could look in the WoT, and see that, "Hey, Jimbo has dealt with this guy, and I trust Jimbo's opinion," then you would have a fighting chance.

The plain fact is, you won't know if any of these offerings are a scam until it is too late. If you're newbie that is reading this, and don't believe me, just hang around for a few months and watch. You'll see that you are swimming in a sea of scams.

What is "WoT?"

lobbes

full member

Activity: 240

Merit: 101

Quote from: SamWalters on August 25, 2014, 03:26:14 AM

lol new user, IPO. I'm tired of this, really. I don't post in Securities a lot but I am seeing this daily.

We need more proof to validate why and how we can trust you with our money without you delivering anything.

This is why the WoT is such a powerful tool, and why you really can't trust any of these
'offerings'

Even with 'proof' of validation, you still don't know the OP from Adam. We've seen this so many times in this forum; the OP may look credible, but it is still an 'Over-the-counter' interaction, with no regulation. The counter-party risk is huge here and, as history tells us, rarely works out for the best.

At least if you could look in the WoT, and see that, "Hey, Jimbo has dealt with this guy, and I trust Jimbo's opinion," then you would have a fighting chance.

The plain fact is, you won't know if any of these offerings are a scam until it is too late. If you're newbie that is reading this, and don't believe me, just hang around for a few months and watch. You'll see that you are swimming in a sea of scams.

CreativeMining

newbie

Activity: 51

Merit: 0

Dear Shareholders

We are happy to announce We have purchased 8 (eight) AntMiners S3 batch #6 thanks to our fellow miner from Poland. We are still in the process of upgrading and setting up the miners but We will make announcement as soon as We are ready. Please stay tuned. Happy Halloween

Creative Mining

"The future is bright"

CreativeMining

newbie

Activity: 51

Merit: 0

Creative Mining Dividends 31.10.2014

Creative Mining dividends due 24.10.2014

Total Bitcoins mined: BTC4.49131822

Creative Mining Investment Fund (35%):    BTC1.57196137

Total Profit (65%): BTC2.91935684

Maintenance Fee: BTC0

Electricity Costs: BTC0

Dividend payout (per share):

24.10.2014    BTC0.00029193

Creative Mining dividends due 31.10.2014

Total Bitcoins mined: BTC4.57533910

Creative Mining Investment Fund (35%):    BTC1.60136868

Total Profit (65%): BTC2.97397041

Maintenance Fee: BTC0

Electricity Costs: BTC0

Dividend payout (per share):

31.10.2014    BTC0.00029739

Total Dividend payout (per share):

31.10.2014    BTC0.00058932

CreativeMining

newbie

Activity: 51

Merit: 0

Dear Shareholders

We are on a business trip securing the purchase of new equipment for our mining facility and We were unable to schedule dividend payments yesterday. This week payout will roll over to next week so all our Shareholders will receive a double dividend.

Creative Mining

"The future is bright"

CreativeMining

newbie

Activity: 51

Merit: 0

Creative Mining Dividends 17.10.2014

Total Bitcoins mined: BTC4.39445961

Creative Mining Investment Fund (35%): BTC1.53806086

Total Profit (65%): BTC2.85639874

Maintanance Fee: BTC0

Electricity Costs: BTC0

Total Dividend payout (per share):

17.10.2014 BTC0.00028563

CreativeMining

newbie

Activity: 51

Merit: 0

Great news!

We have received our two AntMiners S4 B2 today. After quick testing both miners performing better than expected and hashing at ~2.1Th/s each. Our total hashing power is now at ~46.2Th/s! Happy mining.

Creative Mining

"The future is bright"

CreativeMining

newbie

Activity: 51

Merit: 0

Quote from: My Name Was Taken on October 13, 2014, 07:36:30 PM

Quote from: CreativeMining on August 27, 2014, 01:39:40 PM

Quote from: ensurance982 on August 26, 2014, 09:06:12 AM

You've got access to free electricity?? Did you obtain that access/electricity legally? I don't really think that electricity is the cheapest commodity in Germany... I guess you guys are located in one of Germany's industrial centres?

Yes, we have access to free electricity grid up to 100kW and yes, it's obtained legally. The Industrial estate on where Creative Mining underground facility is located, is a privately owned land belonging to Creative Mining operator relatives. Therefore, there is no electricity or hosting costs involved. These advantages will make Creative Mining competitive with any other mining assets on the market.

Can you elaborate on this any more? If I understand this correctly, the electricity is free to you, but someone in your family is paying for it? Why would they subsidize your mining operation?

We are using the spare grid for the industrial estate, as long as We do not exceed our set output, or emergency grid is not needed, electricity is free.

Topic: Creative Mining Official IPO thread - page 2. (Read 9200 times)