Topic: Diablo Mining Company - page 33. (Read 96370 times)

Isnt it? I have to admit I do find that quite hilarious.

Pfew. At last, some other people are beginning to realize.

DMC is not a bond to begin with, it is a share. It is also not purely mining, the plan itself includes green energy production and sales and data center space leasing, neither of which are mining. Yes, DMC invests in other companies through there shares and bonds. Those companies use a mixture of GPU and FPGA and soon to be ASIC. I have not sold bonds for much lower than 1 BTC, trades have been focused on what I valued the assets being traded in as.

Yes, I bought back some shares in August.

ASICMiner is a share, not a bond. Please read the ASICMiner prospectus on further details on how thats going to work; I trust friedcat will make good on his word no matter if ASICMiner's ASICs worked as planned or not.

I thought DMC is a normal Miningbond. So does the text mean that it is holding shares of other bonds?
If not what hardware do you use exactly? I mean for example how many FPGA of what kind, whats your power cost and so on.

Diablo, if you really sold bonds for lower than the 1BTC then its not ok i think because this will drop down the price for all previous buyers. And what about the lower number of paid shares in august? Did you pay back some shares?

Regarding ASICMiner... does it mean people invested into bonds that cant produce dividend yet and the dividends even are unsure when asics are available. Plus... if the owner of the bond is legit and will pay dividend at all? Sounds risky.

NAV is reported once a month, and has been since the beginning.

You're the only one here calling them fixed. ASICMINER is not a fixed mining bond.

I have to say, I am starting to get fed up with this Mh/s bull shit. For start, Mhs/s is meaningless if you do not add the current difficulty to the number.
Please start reporting NAV. At least it has a meaning.
Producing a weekly report is nothing difficult. It's copy paste from GLBSE.


Yes you have but I can not figure out how did you manage to lose over 90% on NAV when there is no mining bond that can show so bad performance.
Not even turds can lose so much of their value per month (unless the farm "burns down").
For fuck sake, even PPT's have managed to hold value better than DMC in August. This is not funny!

I think you have a some serious calculation errors in you DMC-turd swap calculator.

Having a few 100 shares in asicminer doesnt mean you have a few dozen GH in fixed mining bonds. This is plain deceit and laughing at your share holders.

No, I approximate mh. This is the number people currently care about to compare the mining assets DMC holds.

I call bullshit.  You keep converting anything and everything  into a fixed MH mining bond, even though you hold shares that arent fixed MH bonds. WHy dont you stop making up  numbers and just publish exactly what you hold? The only way to come up with such inflated number is by lying through your teeth and turning projected possible (and extremely uncertain)  future ASICs companies output in to imaginary fixed bonds. You may well deserve a scammer tag more than Pirate does.

I've explained this multiple times in the thread already. The market is falling apart because ASICMiner is the new religious deity of the week. The investments haven't gone anywhere, the market no longer values anything involved with mining at all at such a high value.

I'll release the full report tomorrow, but the short of it is theres 20909 shares out and we hold 134920 mhash in assets, giving us 6.452 mhash per share. That means over 16x more mhash total and 2.2x more mhash per share. This does not include BTCMC's payment for this month either.

You must have missed the post where Diablo said only a small minority of the shares were sold at 1BTC. He has been swapping the other shares for who knows what, but clearly for something worth a lot less than 1BTC.

Moreover, the fact his company shares have lost >90% of their value, is something people tend to hold a CEO accountable for. Particularly when the value loss is quite warranted and the CEO is unwilling and/or unable to explain what happened to the investments he was entrusted with. (and lets not even mention the fact he hadnt even noticed and thought his shares traded for 10x what they actually did).

Nope, not doing weekly reports.

Probably because the earning per share are so low that it makes no sense to hold them.
Actually, at this moment, I have no idea how bad or good August was because I have not seen weekly nor monthly statement.

Diablo, pleas start publishing weekly holding reports.
 

@diablo... Whats your current hardware? And why where there less shares paid the last time than before? Did you buy shares back?

Why should it be Diablos doing that the price for the share went down? He still is offering them for 1BTC. The only thing that drives the prices down are shareholders that sell their shares below the 1BTC. There is no other way. So how could this be Diablos doing? Did he deliver less dividends that promised?

0.15?? Who is offering 0.15? Are you? You can buy my shares for 0.15!
On GLSBE the highest bid right now is 0.015. Did you miss that zero?

I never said it was a bond.


Nope, this is what ASICMINER is paying on it.


0.15 is 4% of 1? notsureifserious.jpg

If you're going to troll, you're going to have to work harder than this.

You really make me want to scream. This obsession of you to represent everything as a fixed MH mining bond is getting really FUCKING TIRESOME, particularly since it has costed your investors thousands of BTC.  News flash: Asicminer is NOT a bond. It doesnt represent any fixed MH rating. Neither do half your other holdings btw.

ASIC miner is a high risk share. It may very well yield zero if their chip is dysfunctional. It may very well yield close to zero if they are way behind BFL. It may perhaps yield a tidy sum of money if they are indeed the first company to have an ASIC for long enough. Its a gamble, its but ITS NOT A BOND and that 30MH is  completely meaningless number you pulled out of your arse.

Now did fixed MH mining bonds price collapse? Of course they did. Everyone told you they would. Its not just asicminer, it not just BFLs announcement that caused it, its always been blatantly obvious to anyone with a brain. However, mining bonds havent lost their value like your shareprice has. When you look at the biggest bonds on GLSBE they have "only" lost ~30-40% of their value. You have managed to lose 96%. So whats your other excuse?


I think by now, we know what your calculations are worth.
FWIW, OBSI.ABMO is a company share, not a fixed MHs mining bond. And its a share in a bunch of soon to be obsolete FPGAs. From BFL no less lol.


I wonder if other shareholders also think you should be eating something else.

EskimoBob seems to have been AFK for an entire week and missed out on the ASICMINER IPO at 30mh for 0.10 (or 0.03 a mh). Lets catch him up, shall we?

If you value mh at lowest ask (which is what I do and most everyone else does due to highest bid not being reliable due to the giant spreads and bids often being wiped out by large panic sales), EVERYONE who had fixed mh or non-upgrading assets lost value 5x overnight.

So, we started at the 1 BTC IPO price, then the market massively devalued mh due to BTC going from $5s to a final peak of $15.40, driving down per mh prices down so DMC was worth in the 0.50s before I could catch up fast enough, and now ASICMINER drove it down another 5x on top of that the instant they IPO'ed.

If we're valuing mh at 0.03, and on the 19th (after Obsi pays me my last OBSI.1MHS dividend and I trade him for OBSI.ABMO) DMC will be 5mh/share, DMC is, by that calculation, worth at least 0.15 a share.

Thus, I have initiated a plan backed by a shareholder majority to increase the NAV over the next 3 months by eating dividends. I do not promise anything due to how volatile mh prices are, but if we stay around 0.03/mh, we could be back to looking at >0.50 again.