Topic: [GLBSE] MergedMining BTC/NMC Mining Company - page 13. (Read 43941 times)

Since you're clearly getting funds now, how do you plan to start using this capital to build miners?  When do you expect to start sending out dividends?

Thank you.

Wow...


Just wow...

Congrats on the extreme growth sir...

FREQUENTLY ASKED QUESTIONS:


We are currently paying a dividend of 0.001 BTC/share.  That is a annual dividend yield of 58% based on our IPO price.

With 1000 BTC I would love to build mining rigs with multiple 5970s or FPGAs. Any additional funds could be used for investments, having a website created, or any other ideas that may come from shareholders.

You can check the difficulty for namecoin and bitcoin here: http://dot-bit.org/tools/nextDifficulty.php
The namecoin difficulty will be adjusted down by the time our rig is operational.

Yes, but my personal rigs aren't built with costs in mind and wouldn't make the best investment for my shareholders.

My power is charged at 2 different rates.  $0.16/kWh from 9am-9pm & $0.05/kWh from 9pm-9am.  If the exchange rate continued to drop to where mining was no longer profitable at the average $0.11/kWh rate, I would likely begin running the miners only from 9pm-9am.  If the exchange rate dropped to where it was no longer profitable to mine using $0.05/kWh electricity, I would propose a shareholder motion to see if the equipment should be sold off to refund investors.

This will be based on market conditions.  Perhaps some ideas could be floated on this thread to give shareholders the opportunity to voice their opinion on this subject.

Weekly dividend payments will begin on November 6th, 2011.

Dividends will be split among the purchased shares.  For example, if 10,000 shares have been issued, but only 1,000 purchased, those 1,000 purchased shares would split the entire dividend payment equally on a per share basis.  The amount of the dividend will be at my discretion and based on the company's current financial situation.

I'm planning to pay dividends weekly.  This could change at any time, but would most likely never be longer than monthly.

Yes.  PM me with any trade offers.  

I am working to implement an automated accounting display.  I hope to have something better and more trustworthy than a spreadsheet in place on this thread by the time the miner goes live.

I am planning to use Win7 with cgminer.

There are 10,000 shares available.  You can figure out the amount that have been purchased by doing some math each week when dividends are paid.

New shares can only be issued following a shareholder vote.

Shares can be sold at any price, at any time.

I would definitely like to buy back shares at some point and will do so if I feel it is in our shareholder's best interests.

I will continue to aggressively pursue the expansion of profits for my investors.  Keep your eye on this thread for updates and information on future expansion plans.

Shares are held back for many reasons, including additional hardware purchases.  This number could increase or decrease depending on opportunities that may arise.

You buy shares of the company using the GLBSE.  You then get to vote on company motions as well as receive profits from the company in the form of dividends.  Dividends are credited to your account, and you can do whatever you'd like with them (withdraw, reinvest, spend, etc.).  There are two ways you can profit from owning shares on the GLBSE.  A) Dividends B) Buy low and sell high.
For more information on how public companies work, I'll refer you to wikipedia.
http://en.wikipedia.org/wiki/Public_company

NMC has been sold off in the past and more could be sold off if I feel it would benefit the company.  There are currently no plans to pay dividends in NMC.

What kind of dividends could we expect?  Why are you issuing 1000 BTC worth of shares (i.e. what is your plan with these funds)?

MergedMining is a Bitcoin mining company seeking to utilize the "merged" mining technique to increase investment returns by mining for bitcoins and namecoins at the same time. MergedMining has access to electricity at a variable $0.05-$0.16/kWh rate and free internet, making mining costs extremely manageable and giving MergedMining the potential to outperform it's peers.



You can purchase shares using the GLBSE under the ticker symbol MergedMining.

Mining Rig #1:

• Butterfly Labs Bitforce Single
• x2 ATI Radeon HD 5970 w/ Danger Den Waterblocks
• ATI Radeon HD 5870 w/ Danger Den Waterblock
• Watercooling Loop (Pump, Radiator, Reservoir)
• Gigabyte 870A-USB3 ATX Motherboard
• PC Power and Cooling Silencer Mk II 950W
• AMD Sempron 130 Sargas 2.6GHz & Heatsink/Fan
• Kingston 4GB (2 x 2GB) 240-Pin DDR3 SDRAM
• Western Digital 500GB HD
• Kill A Watt Electricity Meter

Dividend Payments:

• 1 BTC on 11/6/11
• 1 BTC on 11/13/11
• 1 BTC on 11/19/11
• 1 BTC on *11/24/11
• 1 BTC on 11/26/11
• 3 BTC on 12/3/11
• 4 BTC on 12/10/11
• 4 BTC on 12/17/11
• 4 BTC on 12/24/11
• 1 BTC on *12/25/11
• 4 BTC on 12/31/11
• 5.457 BTC on 1/7/12
• 5.490 BTC on 1/14/12
• 5.466 BTC on 1/21/12
• 5.463 BTC on 1/28/12
• 5.435 BTC on 2/4/12
• 5.5 BTC on 2/11/12
• 5.66 BTC on 2/18/12
• 5.901 BTC on 2/25/12
• 5.879 BTC on 3/3/12
• 6 BTC on 3/10/12
• 6.223 BTC on 3/17/12
• 6.22 BTC on 3/24/12
• 6.233 BTC on 3/31/12
• 6.202 BTC on 4/7/12
• 6.329 BTC on 4/14/12
• 6.438 BTC on 4/21/12
• 6.601 BTC on 4/28/12
• 6.61 BTC on 5/5/12
• 6.66 BTC on 5/12/12
• 6.696 BTC on 5/19/12

Donate Hashing Power:

• Pool URL: http://api.bitcoin.cz:8332
• Username: OgNasty.Public
• Password: Donate

Updated: 5/19/12