Author

Topic: [Cryptostocks] WPOOL - Investing in mining pool better than mining (Read 6489 times)

legendary
Activity: 1610
Merit: 1000
Well hello there!
hmmmm...no answer to Thy's very reasonable question.  Not liking this at all.
thy
hero member
Activity: 685
Merit: 500
I understand there may be some language barriers i will try to explain it simpler, what investors & potential investors in your company/stock may react to is what could be seen at your pools page:

Registered users      Active users                       Pools hashrate           When
3833                     1420                                 3269 MH                   24 Mars at the time of the first dividend
3959(+3,29%)        1493(+5,14%)                     3376 MH(+3,27%)      31 Mars 2 hours before second dividend
4326(+12,86%)       1521(+7,11%)                    3689 MH(+12,85%)     31 Mars at the time of the second dividend

Between the time of the first dividend and the second dividend the number of registerd users, active users and the pools Hashrate increased slowly for the first 6 days and 22 hrs between the dividends, then it suddenly took a big jump upwards just at the time for the second dividend and the effect on cryptostocks was that a large amount of previously offline shares that recently had appeared on Cryptostocks site were sold at relatively high prices.
Did you really have 367 new users that registered in the last 2 hours before the second dividend was payed out when only 126 users registered in the previous 166 hours, it looks a bit strange, like the numbers had been manipulated ?
member
Activity: 181
Merit: 10
I know there are some questions,doubt and suspicion.I want to try to explain these.I 'd glad to do it.

Last week we post buy back order at 0.0044(over 10%),if we buy back all of shares online and offline, we plan to delisting,becasue we get fund from Venture Capital. But some shareholders choose hold shares. OK,this is  their right.We comply with the contract and paid dividends weekly.
member
Activity: 181
Merit: 10
On paper the number you present look impressive but there is some ? like previous poster mentioned that you need to straighten out, i don't read chenese but what does the number on your site stand for
"注册会员
4344
        
在挖人机数
1573
        
当前矿池速度
3735MH/s"

Is the first the number of people currently registered,
and second currently mining at your pool or is that some sort of avg value, what period in that case ?
and third the pools total hashrate in MH/s, is that the current rate or some sort of avg for what period then ?

You also reported:
As of March 30, 2014, the number of registered member has attained 4298, and average total hashrate is 3554 M/s; during the last week, operating income is 103.22 BTC, operating expenditure is 93.14 BTC, thus gross profit is 10.08 BTC, and gross profit margin is 10.8%.
During the last week,the revenue of hedging trader department is  1.24 BTC,so the total gross profit (TGP) is 11.32 BTC
Each share represents 0.001% of the TGP,the dividend of each share is 0.0001132 BTC this time.
Dividends Paid on 15:00 (GMT+8:00),3/31/2014
Just a couple of hours before you published the weekly report and dividend were payed out you were at 3959 registered accourding to your pools page and the higest reported hashrate i saw that you had that week was 3411 MH/s so how can the avg hashrate be 3554 MH/s when the week started out at 3269 MH/s and finished at 3376 MH/s, did you have extremely high hashrate during some shorter period of time ?

On the cryptostocks plattform you only had 203 shares out on the market a few days before people were given extra shares then the amount jumped up to 284 shares before people had got there extra shares, how do you explain that if minimum shares bought offline was 100 and only in full batches of 100, then there was another bump up to 771 shares or so, that was also before people had got there shares not and another jump that was not even increments of 100 shares.
Then after people got there bonus shares the only 203 shares sold on the marked at cryptostocks grew to a massive 7421 shares, out of witch many were dumped directly on the market, a lot indicates that it's you yourself that dump shares and that they has never actually been sold to people and that you also collects dividend on those shares on one or several extra accounts that you control to make it look like the project has payed out more btc in dividend than it really has witch is agains cryptostocks rules.

It seems unresonable that the share would attract that many buyers of offline shares when you never managed to sell more than 243 shares at max on cryptostocks itself, those people that would not be able to get to cryptostocks site and and therefor bought shares directly from you you say, were willing to buy shares in 100 amount batches directly from you instead and that theese people who invested in those offline shares because they couldent use cryptostocks just suddenly had no problem reaching cryptostocks just a few days later only to in directly in large number sell off a large portion of there share in a company that on paper was working good.

I would appriciate if you could explained how all these things could make any sence ?

Thank you for your attention to our website,I answer your question.
"注册会员
4344
        
在挖人机数
1573
        
当前矿池速度
3735MH/s"
what you said about the 1st and 3rd is right.
the second is the number of mining regs,you know,the number of people currently registered will be increased day by day.but every day some one maybe go to other pool,some one maybe rest his/her regs. the second is mining regs at that time.

The previous number is statistics by our company's accounting,next week we will publish monthly report,you can read more detail.

About the number of shares you can read this https://cryptostocks.com/announcements/1517/
we sold many shares offline (about 96-97%) at 0.004 BTC pre share.most of shareholder are chinese,because we have a higher popularity in China.I'm sure you can understand that,you can look at our contract
-----------
Subscription
We recommend that you subscribe our share directly by cryptostocks.com.If you cannot access cryptostocks.com or other reasons, you can also send email to us, inform us the quantity that you want to subscribe, in the meantime you need transfer the relevant expenses to us by BTC Wallet, we will hold it for you in the website, and through the way of offline transfer of share out bonus for you. Due to the offline subscription and dividend process is complicated, need manual to deal one by one, so we only accept at least 500 shares for offline subscription, and is 100 integer times subscribed.
-----------
Monday, we transfered all shares to Crytostocks, reason you can read https://cryptostocks.com/announcements/1517/.

I understand your skepticism,but please think about this point,
if I hold these shares and made it look like the project has payed out more btc in dividend. I can do more 'real' like those projects.
those projects won't stop IPO and they can buy themself every day and you can not judge who buy their shares.
In fact,we have many shareholders.they talk about WPOOL shares in QQ group,369206735 ,46415174.

We have finished our IPO,now, every shareholder buy or sell their shares at their aspiration at their price. This is their right.

Sorry my english is not good,and i maybe not fully understand what you asked.
Thank your question. if you are shareholder and please send me email,  [email protected],
I can give you some further details about pool operational data.But I'm sorry I can not post some data at public area.
 
thy
hero member
Activity: 685
Merit: 500
On paper the number you present look impressive but there is some ? like previous poster mentioned that you need to straighten out, i don't read chenese but what does the number on your site stand for
"注册会员
4344
        
在挖人机数
1573
        
当前矿池速度
3735MH/s"

Is the first the number of people currently registered,
and second currently mining at your pool or is that some sort of avg value, what period in that case ?
and third the pools total hashrate in MH/s, is that the current rate or some sort of avg for what period then ?

You also reported:
As of March 30, 2014, the number of registered member has attained 4298, and average total hashrate is 3554 M/s; during the last week, operating income is 103.22 BTC, operating expenditure is 93.14 BTC, thus gross profit is 10.08 BTC, and gross profit margin is 10.8%.
During the last week,the revenue of hedging trader department is  1.24 BTC,so the total gross profit (TGP) is 11.32 BTC
Each share represents 0.001% of the TGP,the dividend of each share is 0.0001132 BTC this time.
Dividends Paid on 15:00 (GMT+8:00),3/31/2014
Just a couple of hours before you published the weekly report and dividend were payed out you were at 3959 registered accourding to your pools page and the higest reported hashrate i saw that you had that week was 3411 MH/s so how can the avg hashrate be 3554 MH/s when the week started out at 3269 MH/s and finished at 3376 MH/s, did you have extremely high hashrate during some shorter period of time ?

On the cryptostocks plattform you only had 203 shares out on the market a few days before people were given extra shares then the amount jumped up to 284 shares before people had got there extra shares, how do you explain that if minimum shares bought offline was 100 and only in full batches of 100, then there was another bump up to 771 shares or so, that was also before people had got there shares not and another jump that was not even increments of 100 shares.
Then after people got there bonus shares the only 203 shares sold on the marked at cryptostocks grew to a massive 7421 shares, out of witch many were dumped directly on the market, a lot indicates that it's you yourself that dump shares and that they has never actually been sold to people and that you also collects dividend on those shares on one or several extra accounts that you control to make it look like the project has payed out more btc in dividend than it really has witch is agains cryptostocks rules.

It seems unresonable that the share would attract that many buyers of offline shares when you never managed to sell more than 243 shares at max on cryptostocks itself, those people that would not be able to get to cryptostocks site and and therefor bought shares directly from you you say, were willing to buy shares in 100 amount batches directly from you instead and that theese people who invested in those offline shares because they couldent use cryptostocks just suddenly had no problem reaching cryptostocks just a few days later only to in directly in large number sell off a large portion of there share in a company that on paper was working good.

I would appriciate if you could explained how all these things could make any sence ?
newbie
Activity: 45
Merit: 0
Why are you faking number of registered users? I've just registered and counter increased by 10. That's ridiculous.
member
Activity: 181
Merit: 10
As of March 30, 2014, the number of registered member has attained 4298, and average total hashrate is 3554 M/s; during the last week, operating income is 103.22 BTC, operating expenditure is 93.14 BTC, thus gross profit is 10.08 BTC, and gross profit margin is 10.8%.
During the last week,the revenue of hedging trader department is  1.24 BTC,so the total gross profit (TGP) is 11.32 BTC
Each share represents 0.001% of the TGP,the dividend of each share is 0.0001132 BTC this time.
Dividends Paid on 15:00 (GMT+8:00),3/31/2014
thy
hero member
Activity: 685
Merit: 500
It appears one cannot buy shares in WPOOL. The order book is missing and an error comes up when one tries to buy.
Have you pulled the listing or what?


fixed
Watching


look at Announcements
https://cryptostocks.com/announcements/1370
-----------------

We'd like to announce a local investment fund had  invested in our pool about $300,000. So we decide to suspend issue of remaining shares.
Investors who have purchased shares have two ways to do in the future:
1.we  buy back at 0.0044(110% of issue price) until March 29.
(we posted buy  in market, you can sell your shares to us.)
2.You can continue to hold share and get dividends every week,shares promotion continue to be valid.
Will it be announced what the name of the investment group is and who's behind it ?
member
Activity: 181
Merit: 10
It appears one cannot buy shares in WPOOL. The order book is missing and an error comes up when one tries to buy.
Have you pulled the listing or what?


fixed
Watching


look at Announcements
https://cryptostocks.com/announcements/1370
-----------------

We'd like to announce a local investment fund had  invested in our pool about $300,000. So we decide to suspend issue of remaining shares.
Investors who have purchased shares have two ways to do in the future:
1.we  buy back at 0.0044(110% of issue price) until March 29.
(we posted buy  in market, you can sell your shares to us.)
2.You can continue to hold share and get dividends every week,shares promotion continue to be valid.
legendary
Activity: 1610
Merit: 1000
Well hello there!
It appears one cannot buy shares in WPOOL. The order book is missing and an error comes up when one tries to buy.
Have you pulled the listing or what?


fixed
Watching
full member
Activity: 238
Merit: 100
we pool, we eat now

better than mama

so better than mining
member
Activity: 181
Merit: 10
It appears one cannot buy shares in WPOOL. The order book is missing and an error comes up when one tries to buy.
Have you pulled the listing or what?


fixed
full member
Activity: 238
Merit: 100
as you hear we thousands

we do best pool
member
Activity: 181
Merit: 10
dividend paid
As of March 23, 2014, the number of registered member has attained 3812, and average total hashrate is 3021 M/s; during the last week, operating income is 89.42 BTC, operating expenditure is 80.87 BTC, thus gross profit is 8.55 BTC, and gross profit margin is 9.5%.
Each share represents 0.001% of the gross profit collected,the dividend of each share is 0.0000855 BTC.
full member
Activity: 238
Merit: 100
scam over now

you go next scam, go, go now
member
Activity: 88
Merit: 10
It appears one cannot buy shares in WPOOL. The order book is missing and an error comes up when one tries to buy.
Have you pulled the listing or what?
member
Activity: 181
Merit: 10
https://bitcointalk.org/index.php?topic=524703.new#new
that is an exchange. our project is a pool.
Common is that they are also Chinese. they claim they come from changzhou. we are in shanghai.
I do not know these guys.I have no opinion about their project.
member
Activity: 84
Merit: 10
member
Activity: 181
Merit: 10
It appears 61o.com was registered in 2003. So ,does that mean that you used a 11yr old domain for 1month for a new business and then you got a new domain, weiyunpool.com, after the 1month of use of the older domain. Meanwhile the last archive available of the site,  61o.com , in 2008;

https://web.archive.org/web/20080419073620/http://www.61o.com/

is not related.

Can you clarify this?



I can not understand why we cann't use 11yr old domain for 1month for a new business.
Now, our new business have two domain, one old and one new.
Old domain belong  to a guy of our team,In December 2013,our team decide to on line our website and he told us he had a idle short-name domain, so we agree used it.
I think it's very normal that this domain has been used to build site in the past 10 years.
What  I need clarify ? Why  the last archive available of the site is  2008?
I do not know. maybe archive have not included it. maybe this domain without a website in these years.
Is archive.org update all Chinese sites timely? I just search weiyunpool.com in archive.org. ONLY one snapshots Yesterday.
I search other several pool site in china,No one snapshot.

If you want to know review about our pool site. very easy, using search 'weiyunpool' in bitcointalk.org.
or search in yibite.com or cryptocurrency.tw if you can read chinease.


Why do I have to explain this  domain history? because our project used this domain ?
According to this theory,I have to explain my own experience from 30 years ago because I post this project on crypto stocks.

I am only responsible for these domain from Jan,2014 and for our  business.

Other questions  beyond the scope of the project itself, I hope there are more questions about our project.
Thank you very much!





 
[/quote]
member
Activity: 181
Merit: 10
It appears 61o.com was registered in 2003. So ,does that mean that you used a 11yr old domain for 1month for a new business and then you got a new domain, weiyunpool.com, after the 1month of use of the older domain. Meanwhile the last archive available of the site,  61o.com , in 2008;

https://web.archive.org/web/20080419073620/http://www.61o.com/

is not related.

Can you clarify this?


[/quote]

I can not understand why we cann't use 11yr old domain for 1month for a new business.
Now, our new business have two domain, one old and one new.
Old domain belong  to a guy of our team,In December 2013,our team decide to on line our website and he told us he had a idle short-name domain, so we agree used it.
I think it's very normal that this domain has been used to build site in the past 10 years.
What  I need clarify ? Why  the last archive available of the site is  2008?
I do not know. maybe archive have not included it. maybe this domain without a website in these years.


Why do I have to explain this  domain history? because our project used this domain ?
According to this theory,I have to explain my own experience from 30 years ago because I post this project on crypto stocks.

I am only responsible for these domain from Jan,2014 and for our  business.

Other problems beyond the scope of the project itself, I hope there are more questions about our project.
Thank you very much!






 
member
Activity: 88
Merit: 10
Please explain why you claim that you are online since January 2014,
but the weiyunpool.com domain has only been registered 2014-02-03?

http://who.is/whois/weiyunpool.com





This is new domain registration  from godaddy. old domain we used is www.61o.com, regisetration in china.
(because some outside of China probably cannot visit  website using domain DNS in china.so last month we launch new domain registration  from godaddy)
Now,two domain also used by our website.

you can search  61o.com in google .


It appears 61o.com was registered in 2003. So ,does that mean that you used a 11yr old domain for 1month for a new business and then you got a new domain, weiyunpool.com, after the 1month of use of the older domain. Meanwhile the last archive available of the site,  61o.com , in 2008;

https://web.archive.org/web/20080419073620/http://www.61o.com/

is not related.

Can you clarify this?

member
Activity: 181
Merit: 10
Please explain why you claim that you are online since January 2014,
but the weiyunpool.com domain has only been registered 2014-02-03?

http://who.is/whois/weiyunpool.com





This is new domain registration  from godaddy. old domain we used is www.61o.com, regisetration in china.
(because some outside of China probably cannot visit  website using domain DNS in china.so last month we launch new domain registration  from godaddy)
Now,two domain also used by our website.

you can search  61o.com in google .
member
Activity: 67
Merit: 10
Please explain why you claim that you are online since January 2014,
but the weiyunpool.com domain has only been registered 2014-02-03?

http://who.is/whois/weiyunpool.com


member
Activity: 181
Merit: 10
I don't see why you need to raise BTC250 if you're already earning over BTC7 a week. That should cover for a lot of servers and possibly for a few staff members.

Is this another case of offloading the risk onto investors?

Firstly,I'm glad to answer your questions.Yes, now,we can get 7 btc gross profit a week.
but followed by an increase in the number of registered,old sysytem can not afford it. we urgently need about 20,000  USD dollar to develop of new systems. Other,we need anohter 2 staff serve our members,hiring 1~2 good altcoin traders.
Other things that are not urgent include Increasing the company's registered capital,having a plans to launch English version and so on.
All of this need extra funds.
If we do not add new funding,We are likely to remain at this level(2~3G hashrates)for a long time.But in China, the competition is very fierce.
If our business cannot becomes larger quickly, We will take a risk on we are defeated by other opponents .


look at okcoin.com  btcchina.com, huobi.com.  these are very large exchange Market in china. none can charge transaction fee.but they have their way to make money.(e.g.Borrowed funds to users).

long story to short, we are guys that doing thing,we arenot good at capital operation.
We do not want to play a minor,We need to make No.1  scrypt pool in china .surpass f2pool.
so we make a project on cryptostocks. we hope someone can help us and he will return from our pool.







member
Activity: 181
Merit: 10
i have mined with these guys since 2012 and they are totally legit

MINE ON BROTHERS


I think you made a joke. our pool open in January 2014.
full member
Activity: 238
Merit: 100
i have mined with these guys since 2012 and they are totally legit

MINE ON BROTHERS

Did I say 2012? I meant 1912! I'm sorry, I forget what century I reincarnate in sometimes.

I mined with these guys in 1912 and it basically led to World War I. Mustard gas was invented by one of our asic engineers. Sorry about that.
sr. member
Activity: 493
Merit: 262
I don't see why you need to raise BTC250 if you're already earning over BTC7 a week. That should cover for a lot of servers and possibly for a few staff members.

Is this another case of offloading the risk onto investors?
sr. member
Activity: 462
Merit: 253
i have mined with these guys since 2012 and they are totally legit

MINE ON BROTHERS

Thanks! Cheesy
full member
Activity: 238
Merit: 100
i have mined with these guys since 2012 and they are totally legit

MINE ON BROTHERS
sr. member
Activity: 462
Merit: 253
Anybody's mining with them and can prove they are legit?
member
Activity: 181
Merit: 10


Weiyun Pool shares listed in cryptostocks now!
member
Activity: 181
Merit: 10


We are chineses, English is not our native language, maybe translate omissions inevitably.
We very much welcome if you point out grammatical errors in our files.

----------------------------------------
Our website http://www.weiyunpool.com
English Investor Relations page: http://www.weiyunpool.com/english.php
Cryptostocks IPO Link: https://cryptostocks.com/securities/115
Contact us: [email protected]    QQ: 6434830

--------------------------------------
Weiyun Pool IPO Information

About us
Weiyun Pool (http://www.weiyunpool.com) will offer 50,000 non-dilutable profit shares (ticker symbol WPOOL). Issuer is the "SHANGHAI WEIYUN ONLINE INFORMATION TECHNOLOGY LIMITED" company (abbreviation Weiyun Online) which is registered in the Shanghai,China. And Weiyun Pool is the wholly-owned subsidiary of Weiyun Online.
Weiyun pool automatically mines the most profitable Scrypt coin, automatically exchanges those coins for litecoins, and pays out entirely in litecoins or RMB (Chinese Currency, CNY).
Weiyun pool focus on improving the efficiency of scrypt algorithm mining. We will make AMD graphics reg or Gridseed mining machine are able to get more profit than LTC mining.  Many times there are other scrypt coins,(recently,dogecoin,mintcoin,zeitcoin and so on), which are more profitable to mine than LTC, we automatically switch scrypt mining to most profitable altcoin,then we exchange the coins to LTC at altcoin exchange market. Finally, Our members get paid comfortably in LTC or RMB every day.
For example: In the March 5,Mining Litecoin will get 0.2766LTC/M one day. But our pool mining alternate cryptocurrencies and get 0.33LTC/M one day. We pay our members 0.31LTC/M. so our profit is 0.02LTC/M (0.33-0.31=0.02).The hashrates of ours pool is 1686M in March 5. So our total gross profit is 0.02LTC/M * 1686 = 33.72 LTC(about 0.87BTC) in March 5.
Weiyun Pool launth in January 2014. As of March 17, 2014, the number of registered member has attained 3254, and average total hashrate is 2441 M/s; during the last week, operating income is 84.12 BTC, operating expenditure is 76.89 BTC, thus gross profit is 7.23 BTC, and gross profit margin is 9.4%.For more information, you can read our Financial Statement
Our original financial documents are written in Chinese,by accounting of our company.Any Certified Public Accountants Co,.Ltd in China is unable to audit our company value by bitcoin because of the China policy.So our Financial Statement was translated and notarized by a well-known Hongkong translation company.their name is HONGKONG FINDHOW INTERNATIONAL GROUP LIMITED. Investor can find more information in their website http://www.findhow.hk/English/
Our business is in rapid growth period,Our goal is the number of registered members reach 8000 and total hashrate reach 10G in the next three month,then double based on this condition by the end of this year. So we are seeking capital to help us to add more servers and upgrade our website system and recruit more staffs to service to our members. It is estimated that this process will require around 250 BTC in capital. ,Updated:we have get fund from a shanghai local VC.

IPO information updated
We have finished our IPO in cryptostocks.

For any information please contact use at [email protected]
IPO Financial Statement,translated and notarized  (updated in 20-3-2014)
http://www.mediafire.com/view/ipgx9jdkgjln8ub/fin-eng.pdf
IPO Financial Statement,chinese original files (updated in 20-3-2014)
http://www.mediafire.com/view/7d1unh4ci9h32l5/fin-ch.pdf

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