FPGA Mining Contract - page 16. | Bitcointalksearch.org

m3sSh3aD

sr. member

Activity: 322

Merit: 250

Quote from: brendio on November 16, 2011, 04:40:55 AM

Unless it's a rights issue. Each share holder has the right, but not the obligation, to purchase x shares for every y shares they own at a price of z, which is at a q % discount to the 5 day weighted average price.

Companies do it all the time. Can't easily do it on GLBSE in its current form though.

Not even that, I want them all before any of you get them haha Tongue

You took me too serious serious sam's

I'm ok with my lowly 188 for now, just like boost my personal interest in it

brendio

hero member

Activity: 518

Merit: 500

Unless it's a rights issue. Each share holder has the right, but not the obligation, to purchase x shares for every y shares they own at a price of z, which is at a q % discount to the 5 day weighted average price.

Companies do it all the time. Can't easily do it on GLBSE in its current form though.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: m3sSh3aD on November 15, 2011, 08:08:15 PM

i want more shares

haha

How does distributing shares proportional to existing shares make any sense at all? It will just lower the dividend per share and everyone will get the same total dividend.

m3sSh3aD

sr. member

Activity: 322

Merit: 250

i want more shares

haha

btc_artist

full member

Activity: 154

Merit: 102

Bitcoin!

Quote from: m3sSh3aD on November 15, 2011, 06:28:01 PM

How about a motion to release more share to current investors

What exactly are you proposing?

m3sSh3aD

sr. member

Activity: 322

Merit: 250

How about a motion to release more share to current investors

btc_artist

full member

Activity: 154

Merit: 102

Bitcoin!

watching

fizzisist

hero member

Activity: 720

Merit: 525

Dividends have been paid for the week of 11/7!

Total paid to 6000 shares: 4.24112585 BTC
Dividend per share: 0.00070685 BTC

In other news, the boards are now being produced and expected to arrive here around Thanksgiving (11/24), as long as they don't hit any serious road blocks.

fizzisist

hero member

Activity: 720

Merit: 525

Quote from: Dexter770221 on November 08, 2011, 04:39:19 PM

Quote from: jduck1987 on November 08, 2011, 02:24:19 PM

Quote

I for one would vote no until we have the existing orders up and running.

+1

Same here...

Ok, sounds good to me. If we decide to issue additional shares later, it should be a much shorter delay from the time the shares are sold to the time the boards are up and running anyway.

Just to be clear, if additional shares are issued, it will always be at the market price. We can discuss exactly how to calculate this market average when that time comes.

Dexter770221

legendary

Activity: 1029

Merit: 1000

Quote from: jduck1987 on November 08, 2011, 02:24:19 PM

Quote

I for one would vote no until we have the existing orders up and running.

+1

Same here...

jduck1987

member

Activity: 81

Merit: 10

Quote

I for one would vote no until we have the existing orders up and running.

+1

notme

legendary

Activity: 1904

Merit: 1002

Quote from: molecular on November 08, 2011, 07:46:25 AM

Quote from: fizzisist on November 08, 2011, 05:32:19 AM

Quote from: molecular on November 08, 2011, 05:05:38 AM

Quote from: m3sSh3aD on November 08, 2011, 04:46:08 AM

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain Wink

I want those 500 extra shares Tongue

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

I don't think it makes sense to issue more shares unless you need more money to buy assets. If people want to buy shares, they'll have to buy the market price.

I just didn't want to miss the opportunity to buy freshly issued shares.

In general, I think new shares should be offered at some market price average.

I for one would vote no until we have the existing orders up and running.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: fizzisist on November 08, 2011, 05:32:19 AM

Quote from: molecular on November 08, 2011, 05:05:38 AM

Quote from: m3sSh3aD on November 08, 2011, 04:46:08 AM

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain Wink

I want those 500 extra shares Tongue

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

I don't think it makes sense to issue more shares unless you need more money to buy assets. If people want to buy shares, they'll have to buy the market price.

I just didn't want to miss the opportunity to buy freshly issued shares.

In general, I think new shares should be offered at some market price average.

gusti

legendary

Activity: 1099

Merit: 1000

I'm currently selling 100 shares @ 0.48.

m3sSh3aD

sr. member

Activity: 322

Merit: 250

thought i was able get A few the other day

I'd say yes

fizzisist

hero member

Activity: 720

Merit: 525

Quote from: molecular on November 08, 2011, 05:05:38 AM

Quote from: m3sSh3aD on November 08, 2011, 04:46:08 AM

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain Wink

I want those 500 extra shares Tongue

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

Actually, those 500 shares were released on Oct. 26th, so they are long gone. If you guys really want more shares, we should start another motion. I would like to prepare the text of the motion to be a little more explicit this time, something like:

Motion to release additional shares to buy an 8th X6500 board.
The share price will be equal to the going market rate, based on the 24h or 200 share weighted averaged, whichever has a greater volume. The number of shares offered will then be determined by the amount of BTC needed to raise $545, plus 10% additional shares for management overhead.

I will set a time limit on this one for something like one week, so that it isn't lingering around long after the motion is passed. As far as I can tell, there's no way to remove a motion or mark it as passed/failed in the GLBSE client.

At the current rates, this would be around 0.5 BTC/share and about 400 shares.

If there seems to be interest in doing this, I'll gladly put it to a vote for the shareholders to decide.

dmcurser

hero member

Activity: 502

Merit: 500

those shares were already issued

molecular

donator

Activity: 2772

Merit: 1019

Quote from: m3sSh3aD on November 08, 2011, 04:46:08 AM

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain Wink

I want those 500 extra shares Tongue

I have a question regarding the 500 to be issued @0.26 BTC/share.

How can we buy some of these? Is it advisable to have buy order @0.26 BTC/share? Would that be filled as soon as the shares are issued? Or will this be like a "normal sell" and the best orders will be filled first?

m3sSh3aD

sr. member

Activity: 322

Merit: 250

i wish i was a millionaire, or even just rich with 1/2 mil as i would plummet 50-100K into your venture at a blink of an eye.

No risk, No gain Wink

I want those 500 extra shares Tongue

fizzisist

hero member

Activity: 720

Merit: 525

Quote from: ArsenShnurkov on November 07, 2011, 01:15:07 PM

Why first FPGA gives hash rate less than 250 Mhash/sec ?

Quote

fpga0 A: 22 R: 2 114 Mhash

Is it because only one of two FPGA used ?
The total hashrate then can be approximated as 114 * 2 * 7 = 1697 Mhash/sec, right ?

Yeah, one FPGA had stopped getting new work. I'm still working on the software all the time and was trying out something new that didn't work so well.

By the end of the month, I'll have a bunch of boards here, so the 7 GLBSE boards can mine away undisturbed why I hack at stuff using a different board. For now, this is the only X6500 I have, so it's main job is still development and testing. You guys are just picking up all the revenue earned during that testing.

Yes, your calculation of the total hashrate is correct, but you can use 125 MH/s as the single board hash rate. 114 is simply an estimate based on the previous 15 minutes, which was slightly unlucky for this example.

125 * 2 * 7 = 1750 MH/s is what we should expect, but I'm sure that we'll get even higher with improvements to the firmware.

Topic: FPGA Mining Contract - page 16. (Read 38737 times)