Dividends have been paid for the week of 1/23/2012!
Broke another record with our largest payment yet!
Total paid to 6000 shares: 14.04367400 BTC
Dividend per share: 0.00234061 BTC
Total payments to date: 131.8 BTC!!
Topic: FPGA Mining Contract - page 10. (Read 38778 times)
sr. member
Activity: 266
Merit: 250
The king and the pawn go in the same box @ endgame
Thank god you guys did that...my method was half assed at best! 
Haha, we can also read the first post:
Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs. An additional 500 shares were issued later to allow us to purchase an additional FPGA. There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public. Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.
This sounds right.
And to answer Molecular about the voting rights. At the time of issue, he would have had to actually assign the 500 to himself in order to get the dividends from them. Consequently granting voting rights for them as well. Though he may or may not excercise them.
Yep, that is correct, zapeta. Those 500 shares were transferred to my personal account when they were issued, so they are full fledged shares with voting rights and all.
All 6000 shares are potentially available, if someone decides to sell. There are currently 314 shares for sale on GLBSE:
Code:
Asks
Price Quantity
0.3590000 BTC 38
0.3598900 BTC 25
0.3600000 BTC 74
0.3700000 BTC 100
0.4125000 BTC 15
0.4770000 BTC 40
0.5000000 BTC 4
0.6600000 BTC 2
0.6700000 BTC 5
0.6900000 BTC 1
0.7000000 BTC 5
0.8000000 BTC 5
Haha, we can also read the first post:
Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs. An additional 500 shares were issued later to allow us to purchase an additional FPGA. There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public. Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.
This sounds right.
And to answer Molecular about the voting rights. At the time of issue, he would have had to actually assign the 500 to himself in order to get the dividends from them. Consequently granting voting rights for them as well. Though he may or may not excercise them.
Haha, we can also read the first post:
Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
Originally 5500 shares were issued, 5000 were sold to the public and 500 were held by the company to cover electrical/maintenance costs. An additional 500 shares were issued later to allow us to purchase an additional FPGA. There are a total of 6000 shares out there, 500 are held by the company, and 5500 can be traded by the public. Fizzisist can correct me if I'm wrong but I'm pretty sure that's correct.
Haha, we can also read the first post:
Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
FPGA.contract is an FPGA only mining company. A small FPGA cluster will be built out of X6500s and operated by me. 100% of all revenue is distributed to shareholders as weekly dividends. Operating costs (electricity, maintenance, etc.) are covered by the dividends paid to the 500 shares held by the company (amounts to 8.3% of the 6000 total shares). No revenue is held for future expansion.
(emphasis mine)Also: I'm not sure these 500 shares held back have voting rights? If so, your method of summing votes doesn't work.
EDIT: http://contract.fpgamining.com/?page_id=166 says there were 5500 shares issued on Oct 16th and another 500 on Oct 26th. hmm...
[TuT] Finding shares issued v. shares available
First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.
If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!
First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.
If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!
Thanks for sharing, ZodiacDragon84!
Here's another way to estimate the number of shares that were kept with the company:
according to http://charts.glbse.com/charts/FPGA.contract#vztgSzm1g10zm2g25 about 5500 shares where traded at the initial price after the IPO.
I think we can assume these were not sold back-and-forth, because the price didn't change and this was shortly after IPO.
So I arrive at a number of roughly 500 shares that where not issued publicly.
sr. member
Activity: 266
Merit: 250
The king and the pawn go in the same box @ endgame
[TuT] Finding shares issued v. shares available
First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.
If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!
First, point your browser to https://glbse.com/assets/
Scroll down until you Find FPGA.contract.
Next to FPGA.contracts entry, you see the number 6000. That is current hares issued.
to find out how many shares are available (estimate), go to http://contract.fpgamining.com/?page_id=5
Take the number of yay votes, plus the number of nay votes minus 6000 shares issued.
That gives us 734. Assuming some didnt vote, that gives a ball park figure for you to see how many shares are floating around.
If any one has a better way of doing this at the moment, by all means, improve on my method, I beg you!
sr. member
Activity: 266
Merit: 250
The king and the pawn go in the same box @ endgame
Its buried in GLBSE. I will hunt it down again, and Make a quick TUT
how many shares are currently held v. shares available?
EDIT: Answered my own question...lol
EDIT: Answered my own question...lol
good for you. care to share?
I am all for the contracts. If more people actually invested in bitcoin instead of mass selling every time the charts drop 3 cents, bitcoin would be much more stable. I look forward to investing.
i am looking for investors. PM me sr. member
Activity: 266
Merit: 250
The king and the pawn go in the same box @ endgame
how many shares are currently held v. shares available?
EDIT: Answered my own question...lol
EDIT: Answered my own question...lol
sr. member
Activity: 266
Merit: 250
The king and the pawn go in the same box @ endgame
I am all for the contracts. If more people actually invested in bitcoin instead of mass selling every time the charts drop 3 cents, bitcoin would be much more stable. I look forward to investing.
My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
What do you mean by "just trade btc on mtgox"?
Investing in a mining company is comparable to mining, with all the risks/gains involved, but without the hassle of actually doing the mining.
I mean, just sell BTC for $6.50 (or whatever the going price is) on MTGox, wait for them to dip, buy back in. Repeat.
Dividends have been paid for the week of 1/16/12!
This is the 14th dividend paid since we started back in early October!
Total paid to 6000 shares: 12.65966309 BTC
Dividend per share: 0.00210994 BTC
This brings our total earnings to 117.7 BTC!
This is the 14th dividend paid since we started back in early October!
Total paid to 6000 shares: 12.65966309 BTC
Dividend per share: 0.00210994 BTC
This brings our total earnings to 117.7 BTC!
My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
What do you mean by "just trade btc on mtgox"?
Investing in a mining company is comparable to mining, with all the risks/gains involved, but without the hassle of actually doing the mining.
My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.
cheers
Just wanted some input from other people that had bought in. 37% isn't bad seeing as its a safe investment, or fairly safe.
This... plus it takes a lot less time to hold shares than to brawl it out in the market.
My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.
cheers
Just wanted some input from other people that had bought in. 37% isn't bad seeing as its a safe investment, or fairly safe.
[...]
I'm definitely keeping my eye on the Raspberry Pi, but what I have right now works pretty well, too. I'm using an Atom based mini-ITX board (this one) which cost $100 and uses about as much power as one X6500. It runs bitcoin-mining-proxy, munin for monitoring, and does some other light serving for our house.
[...]
I'm definitely keeping my eye on the Raspberry Pi, but what I have right now works pretty well, too. I'm using an Atom based mini-ITX board (this one) which cost $100 and uses about as much power as one X6500. It runs bitcoin-mining-proxy, munin for monitoring, and does some other light serving for our house.
[...]
Interesting setup.
What is the actual workload on the CPU to run bitcoin-mining-proxy and manage the X6500s?
My question is though, is this actually profitable? As of now, with 100 shares (aprox 35 BTC) you earn .25BTC per week. I understand that you also own the stocks as well, but wouldn't it be more profitable to just trade btc on mtgox? Or is the investment in the hopes that Hash rates will increase, and more fpgas will be added eventually?
That works out to about 37% return per year just on dividends. It's up to you to calculate whether that is enough for you or if you'd make more in another investment.
cheers
Jump to: