Looks to me like a good move for growth and survival.
I agree.
UPDATE:
Now that MergedMining has been transitioned to a new owner, I am launching NastyMining.
Topic: [GLBSE] MergedMining BTC/NMC Mining Company (Read 43941 times)
I agree.
UPDATE:
Now that MergedMining has been transitioned to a new owner, I am launching NastyMining.
It's not so much for me. More for others to understand the motivation since someone seems to be selling a bit. I posted in the new thread and I'm excited to have likuidxd take it to the next level. Looks to me like a good move for growth and survival.
I too would like to know if I missed something.
No, you did not miss anything. likuidxd is the majority shareholder for MergedMining (making a motion somewhat pointless) and presented a great opportunity for expansion that will benefit all shareholders, himself included. I was not in a position to be able to provide the same expansion opportunities, so I acted in the shareholder's best interests. I will not rule out running another mining company in the future, but for now the choice was obvious for many reasons. Please feel free to PM me if you would like further details on my decision to turn over the company.
I too would like to know if I missed something.
NEW MANAGEMENT:
Forum user likuidxd has presented an opportunity for MergedMining to join forces with a 10GH/s mining operation. It is for that reason that he will be taking over my role as the operator of MergedMining going forward. He will be creating a new thread to discuss this change in ownership in more detail. I would like to thank all of my shareholders for their support and wish good luck to likuidxd with his expansion plans.
MergedMining 2.0 Thread
Forum user likuidxd has presented an opportunity for MergedMining to join forces with a 10GH/s mining operation. It is for that reason that he will be taking over my role as the operator of MergedMining going forward. He will be creating a new thread to discuss this change in ownership in more detail. I would like to thank all of my shareholders for their support and wish good luck to likuidxd with his expansion plans.
MergedMining 2.0 Thread
A dividend of 6.696 BTC has been paid.
A dividend of 6.66 BTC has been paid.
A dividend of 6.61 BTC has been paid.
UPDATE:
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
Awesome news OgNasty! What does this mean for company/dividend growth?
Well, my friend has so far been unable to get our overheated 5970 working. I've asked him to return it to me this week and I'm going to try again on my own to see if I can get it working. If I cannot get it working, I will most likely put up a motion to see if shareholders want to replace the 5970 or sell the broken 5970 for parts and also sell the Danger Den waterblock to raise funds. The dividends will most likely stay the same until we've raised the funds to repay me for the loan I gave to purchase the Bitforce Single.
UPDATE:
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
Awesome news OgNasty! What does this mean for company/dividend growth?
UPDATE:
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
Our Butterfly Labs Bitforce Single has arrived and I took the rig down today to get it up and running. It's doing great so far, getting about 825mh/s in cgminer.
A dividend of 6.601 BTC has been paid.
Consider it done!
A dividend of 6.601 BTC has been paid.
No pic? I'm disappointed ;(
A dividend of 6.601 BTC has been paid.
One of our 5970s appears to have overheated last week. I have tried taking it apart and replacing the thermal paste, replacing drivers, reformatting, changing thermal pads, all to no avail. I am having a friend who knows a lot more about repairing hardware take a look at it next week to see if he can get it working correctly. In the meantime, I have installed a watercooling loop that I picked up for a great price to make sure we do not run into any further overheating issues. Hopefully my friend is able to repair the 5970 and we have it up and running again before the next dividend payment. Either way, we have plenty of reserves and a more efficient miner now so I do not see this having an effect on our dividends. I have also received a message from Butterfly Labs saying that our Bitforce Single is scheduled to be shipped in the next batch and it will be the latest revision.
A dividend of 6.438 BTC has been paid.
And he has been very open and honest about all things surrounding this venture and his new one also
Like uploading that video of himself :/ tossing rocks in a glass house :/ hypocrisy but whatever, honestly i do not really care.
No, like explaining and making public exactly what he uses funds in his public offerings for. Explaining exactly why he doesn't want to submit certain information and not making drama out of it. Not complaining publicly and whining to others when something doesn't work out exactly as planned hoping that enough people will jump on your side that you can bully your way. Stating clearly his intentions and being forward about business.
And he has been very open and honest about all things surrounding this venture and his new one also
Due to various reasons, OgNasty doesn't want to be identified fully. I believe that the why was mentioned it is somewhere in this thread, but it is a very good reason.
It says only an email address has been verified.
Correct, that was all that was asked of him.
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