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Topic: FPGA Mining Contract - page 21. (Read 38737 times)

legendary
Activity: 1029
Merit: 1000
October 24, 2011, 03:14:10 PM
#24
Almost all shares are sold out...
I'm just wondering, it is possible that you will share with us a worker name and password to eligius? I'm considering to setup it as a backup server. After all, shares submitted by my rig will return in form of dividends (well, few percent of it Wink )
Maybe other users will go that route and this will increase value of shares... It may pay off in time...
hero member
Activity: 720
Merit: 525
October 24, 2011, 03:52:10 AM
#23
Eligius is back up! http://eligius.st/~artefact2/5/1FPGAxkfHskMq9fg2gbAWhPrnqwXydbX93

I've been pointing the X6500 and my two GPUs at it for the last few hours. As I've said before, there could be a lot of downtime with the FPGA board when I'm working on the software or running other tests. To make up for that, I'll keep the GPUs running so that we have some steady income.
full member
Activity: 180
Merit: 100
October 23, 2011, 12:41:09 PM
#22
I put FPGA.contract as an asset, requested to but 120 shares at 30BTC and now its sitting in 'orders'

Do i need to do anything else?

If you go in to GLBSE and click Portfolio it will show you what you own.  Its the easiest way to see if your trade has executed.  I'm guessing it hasn't based on what you said.  In the buy screen, you'd want to put FPGA.contract as the asset, 120 shares, and the final line you put in the amount you are willing to pay per share, in this case 0.25.

Also, look out for the "short_btc" bug. It seems that if you place your order before your deposit is confirmed, or even too soon after it is confirmed, it will get stuck waiting for you to make a deposit even though the funds are there. If it says "short_btc" under "status" on the Orders page, just cancel it and place the order again.

Bonus received, thanks. Do you plan to issue more shares to keep share price at a fixed 0.25 ?

I won't issue more shares unless a motion passes by 2/3 majority, as required in the contract. If more shares are issued, it would be at the going market price, I suppose. Doesn't that make the most sense?

Cheers, i missed the 0.5 charge so was insufficent funds Smiley Waiting now and will purchase once its all ready. Hoping these will come into there own and its worth a bit of a gamble i think, I'd pay £250 for a 400 m'hash card so these arnt far from been worth while and the power saving will make that up (even if it will be about 2+ years at the current rate Smiley)

Thanks Wink

There is only a 0.5 BTC charge if you are creating a new asset...buying doesn't have a transaction fee.  Did you click "New Asset" in GLBSE?  What you want to hit is "Buy", then put in FPGA.contract as the asset on the first line, 120 shares on the second line, and 0.25 on the third line.
legendary
Activity: 1099
Merit: 1000
October 23, 2011, 12:35:46 PM
#21

Bonus received, thanks. Do you plan to issue more shares to keep share price at a fixed 0.25 ?

I won't issue more shares unless a motion passes by 2/3 majority, as required in the contract. If more shares are issued, it would be at the going market price, I suppose. Doesn't that make the most sense?

It does make sense to issue more shares at face value, if you always back your issue with new hashing power.
sr. member
Activity: 322
Merit: 250
October 23, 2011, 12:13:04 PM
#20
I put FPGA.contract as an asset, requested to but 120 shares at 30BTC and now its sitting in 'orders'

Do i need to do anything else?

If you go in to GLBSE and click Portfolio it will show you what you own.  Its the easiest way to see if your trade has executed.  I'm guessing it hasn't based on what you said.  In the buy screen, you'd want to put FPGA.contract as the asset, 120 shares, and the final line you put in the amount you are willing to pay per share, in this case 0.25.

Also, look out for the "short_btc" bug. It seems that if you place your order before your deposit is confirmed, or even too soon after it is confirmed, it will get stuck waiting for you to make a deposit even though the funds are there. If it says "short_btc" under "status" on the Orders page, just cancel it and place the order again.

Bonus received, thanks. Do you plan to issue more shares to keep share price at a fixed 0.25 ?

I won't issue more shares unless a motion passes by 2/3 majority, as required in the contract. If more shares are issued, it would be at the going market price, I suppose. Doesn't that make the most sense?

Cheers, i missed the 0.5 charge so was insufficent funds Smiley Waiting now and will purchase once its all ready. Hoping these will come into there own and its worth a bit of a gamble i think, I'd pay £250 for a 400 m'hash card so these arnt far from been worth while and the power saving will make that up (even if it will be about 2+ years at the current rate Smiley)

Thanks Wink
hero member
Activity: 720
Merit: 525
October 23, 2011, 12:07:47 PM
#19
I put FPGA.contract as an asset, requested to but 120 shares at 30BTC and now its sitting in 'orders'

Do i need to do anything else?

If you go in to GLBSE and click Portfolio it will show you what you own.  Its the easiest way to see if your trade has executed.  I'm guessing it hasn't based on what you said.  In the buy screen, you'd want to put FPGA.contract as the asset, 120 shares, and the final line you put in the amount you are willing to pay per share, in this case 0.25.

Also, look out for the "short_btc" bug. It seems that if you place your order before your deposit is confirmed, or even too soon after it is confirmed, it will get stuck waiting for you to make a deposit even though the funds are there. If it says "short_btc" under "status" on the Orders page, just cancel it and place the order again.

Bonus received, thanks. Do you plan to issue more shares to keep share price at a fixed 0.25 ?

I won't issue more shares unless a motion passes by 2/3 majority, as required in the contract. If more shares are issued, it would be at the going market price, I suppose. Doesn't that make the most sense?
full member
Activity: 180
Merit: 100
October 23, 2011, 11:52:00 AM
#18
What is the current cost per BTC in this adventure?

0.25 BTC per share.

I put FPGA.contract as an asset, requested to but 120 shares at 30BTC and now its sitting in 'orders'

Do i need to do anything else?

THanks

If you go in to GLBSE and click Portfolio it will show you what you own.  Its the easiest way to see if your trade has executed.  I'm guessing it hasn't based on what you said.  In the buy screen, you'd want to put FPGA.contract as the asset, 120 shares, and the final line you put in the amount you are willing to pay per share, in this case 0.25.
legendary
Activity: 1099
Merit: 1000
October 23, 2011, 11:06:55 AM
#17
Dividends have been paid!

Despite not actually mining anywhere near full capacity (only one board right now) I decided to pay a bonus dividend as a thank you for the great positive reaction I've received from this. I paid a dividend of 9.59 BTC, which is the expected revenue for a full week of mining with the full system. Divided over the 4392 outstanding shares, the dividend per share was 0.00218351 BTC.

Bonus received, thanks. Do you plan to issue more shares to keep share price at a fixed 0.25 ?
sr. member
Activity: 322
Merit: 250
October 23, 2011, 10:52:44 AM
#16
What is the current cost per BTC in this adventure?

0.25 BTC per share.

I put FPGA.contract as an asset, requested to but 120 shares at 30BTC and now its sitting in 'orders'

Do i need to do anything else?

THanks
sr. member
Activity: 322
Merit: 250
October 23, 2011, 10:33:07 AM
#15
Im going buy 120 shares just for a punt. Just waiting for the BTC to be confirmed Smiley Worth a gamble Smiley
full member
Activity: 180
Merit: 100
October 23, 2011, 10:19:54 AM
#14
What is the current cost per BTC in this adventure?

0.25 BTC per share.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
October 23, 2011, 10:17:02 AM
#13
What is the current cost per BTC in this adventure?
legendary
Activity: 1029
Merit: 1000
October 23, 2011, 04:38:56 AM
#12
Dividends have been paid!

Indeed, I may only confirmed that...
So, its probably a good time to buy more shares Wink
hero member
Activity: 720
Merit: 525
October 23, 2011, 02:43:11 AM
#11
Dividends have been paid!

Despite not actually mining anywhere near full capacity (only one board right now) I decided to pay a bonus dividend as a thank you for the great positive reaction I've received from this. I paid a dividend of 9.59 BTC, which is the expected revenue for a full week of mining with the full system. Divided over the 4392 outstanding shares, the dividend per share was 0.00218351 BTC.
legendary
Activity: 1029
Merit: 1000
October 22, 2011, 02:03:01 PM
#10
And it may be a reaction to info that you will pay first dividends this weekend. Then share holder will want to sell shares...
But since it is just a begining it maybe very difficult to achive reasonable profits...
So, alot of headroom for speculators and share price... But every stock exchange works that way, right? Freedom of choice, sell or buy, pay more or less...
Just a thought....
full member
Activity: 180
Merit: 100
October 22, 2011, 01:07:17 PM
#9
Wow, someone bought a significant amout of shares. You may now run few boards, not only one Wink

Wow indeed...there were 4400 or so shares outstanding last night, only 1686 now.
legendary
Activity: 1029
Merit: 1000
October 22, 2011, 01:04:11 PM
#8
Wow, someone bought a significant amout of shares. You may now run few boards, not only one Wink
full member
Activity: 180
Merit: 100
October 21, 2011, 05:56:45 PM
#7
Just an idea, can we move the mining to nmcbit or some other similar pool that does PPS and merged mining until Eligius is back up?
hero member
Activity: 720
Merit: 525
October 21, 2011, 04:57:05 PM
#6
It would be silly of me to run this as a scam, given that my real business is in making and selling FPGA boards. Why destroy my reputation to run off with a couple hundred BTC from the sales of these shares?

Although it certainly doesn't prove that this isn't a scam, here are some screenshots from the account at Asrbitcoin (until Eligius gets up and running again):





When dividends are made, any balance in the FPGA contract wallet will be distributed to shareholders. The first dividend will be this weekend.

Thanks for your investment!
legendary
Activity: 1029
Merit: 1000
October 21, 2011, 04:18:26 PM
#5
I'm waiting for a first dividends, then maybe I will buy more shares. Since mining is no longer profitable to me, I'm considering to convert earned BTC into shares, so maybe i will lose less Wink Or everything if this is some sort of scam...
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