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Topic: [GLBSE] MergedMining BTC/NMC Mining Company - page 7. (Read 43958 times)

donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
Can you explain to me how all this works? I am totally new. Never used GLBSE (nor know how trading in that sphere works). So I would like a couple of pointers of how one can profit from this.

Speaking as simply as possible, it works like this.  You buy shares of the company using the GLBSE.  That makes you a part owner of the company.  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
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Can you explain to me how all this works? I am totally new. Never used GLBSE(nor now how trading in that sphere works). So I would like a couple of pointers of how one can profit from this.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
wow, 3.07 Ghash :-)

Thanks again for the contribution slush!  It was great seeing our hash speed double over the last few days because of donated hashes to our public worker.  A great way to help raise funds for more equipment purchases without having to sell more company shares!
legendary
Activity: 1386
Merit: 1097
wow, 3.07 Ghash :-)
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
A dividend of 5.457 BTC has been paid.

donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
you should take some MergedMining shares for free, sweat equity. I thought you took some shares for yourself when registering the company?
I purchased the shares I own on the open market, just like everyone else.  It's nice to have some "skin in the game."

This might be a longshot, but I thought I would make the option available in the event shareholders wanted to unite their hashing power to increase company profits...

If you would like to donate hashing power to MergedMining, you can now point your miner to our Public worker. 

Pool URL: http://api.bitcoin.cz:8332
Login: OgNasty.Public
Password: Donate
In case anyone missed it.  Yes, that is a big "if" but as I type this our Public Worker is getting 1,175mh/s.  Thanks slush!
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
OgNasty: What about "selling" hashrate for the MM company? It would be the easiest way how to rise hashrate, without risking investment to the hardware.
GPUMax.com seems like it might be a good way to do this.  What do you think?

But if you donate 1-5% of your hashrate steadily, you're drastically eliminating the variance.
This is what I had in mind.  The hope was that shareholders would each put a little bit of their hashing power toward the public worker.  I take no payment for running this company, and don't want to ask for *cough* donations to the address in my signature *cough*, but thought this could be a good way for us all to benefit in the form of increasing the value of our shares and dividends.  Basically, if shareholders think this is a good company and think I'm doing a good job running it, send a few mh/s to the public worker and let us all benefit from each other's generosity.

Btw I joined few GPUs into the public account few minutes ago, because I want to see hashrate far over 2Ghash :-)
Nice.  I wondered who was throwing a gh/s at the public worker.   Wink

I'm just wanting to ensure that all "donated" shares are profitable to the company and investors, has nothing to do with slush or score as a whole, please keep that in mind.
Don't forget we're mining NMC too.  Also, if multiple users are donating a little power, one user dropping out shouldn't have a huge impact.
legendary
Activity: 1386
Merit: 1097
One-time donation of 15 shares submitted one hour before round ending will very likely lead to 0.00000000BTC reward, that's without discussion. But I believe this isn't the real use case.

Score based pool isn't penalizing intermittent miners. Period. It's just adding more weight to the shares submitted to the end of the round, for some good reason. Don't forget that "intermittent" does not mean "unlucky".

But this has been written many time and I don't want to open this topic again, especially when it's offtopic here.
sr. member
Activity: 406
Merit: 250
So if I submitted 15 shares....30 minutes into a 2 hours long block and stop.  What would me reward be for those 15 shares ?  No other shares submitted on that same worker during the same block.

Nobody said that score based methods have the same (=zero) variance as PPS, so your question is misleading. I'll put contra question: What happen when you submitted 15 shares one minute before end of the round?

You picked extreme case. Why should anybody donated exactly 15 shares at one time? Of course that this may lead into huge variance. But if you donate 1-5% of your hashrate steadily, you're drastically eliminating the variance.

Btw I joined few GPUs into the public account few minutes ago, because I want to see hashrate far over 2Ghash :-)

Correct, no one said that about zero variance...I said that intermittent mining on a score-based pool for "donation" of hashrate is basically not effective and would be a waste.

I picked an extreme case, because it's plausible.  Why would anyone donate $15 to the UnitedWay once, when they could do it all day long...right ?  Mining intermittently, in the middle of a round, to donate some shares, then leave...will penalize you on score-based pools.  So the below that you wrapped in quotes and I highlighted, is true.

You still didn't answer how much my reward would be for those 15 shares, that I donated, in that "extreme case" of one-time donating...you know, like a charity ?  Still curious on it.

I'm just wanting to ensure that all "donated" shares are profitable to the company and investors, has nothing to do with slush or score as a whole, please keep that in mind.



If you wanted hash rate donations, you shouldn't have picked a score pool.  People are basically just wasting their shares there, unless they stay in for full blocks.

This is, of course, not true. I thought that the fame "score based pools are penalizing intermittent miners" is already gone.

By the way, when all people use this public miner, it then acts as one "strong" miner from the side of the pool, which even eliminate this imaginary penalization.
legendary
Activity: 1386
Merit: 1097
So if I submitted 15 shares....30 minutes into a 2 hours long block and stop.  What would me reward be for those 15 shares ?  No other shares submitted on that same worker during the same block.

Nobody said that score based methods have the same (=zero) variance as PPS, so your question is misleading. I'll put contra question: What happen when you submitted 15 shares one minute before end of the round?

You picked extreme case. Why should anybody donated exactly 15 shares at one time? Of course that this may lead into huge variance. But if you donate 1-5% of your hashrate steadily, you're drastically eliminating the variance.

Btw I joined few GPUs into the public account few minutes ago, because I want to see hashrate far over 2Ghash :-)
sr. member
Activity: 406
Merit: 250
If you wanted hash rate donations, you shouldn't have picked a score pool.  People are basically just wasting their shares there, unless they stay in for full blocks.

This is, of course, not true. I thought that the fame "score based pools are penalizing intermittent miners" is already gone.

By the way, when all people use this public miner, it then acts as one "strong" miner from the side of the pool, which even eliminate this imaginary penalization.

So if I submitted 15 shares....30 minutes into a 2 hours long block and stop.  What would me reward be for those 15 shares ?  No other shares submitted on that same worker during the same block.

That would be like a hash rate "donation" right ?
legendary
Activity: 1386
Merit: 1097
OgNasty: What about "selling" hashrate for the MM company? It would be the easiest way how to rise hashrate, without risking investment to the hardware.
legendary
Activity: 1386
Merit: 1097
If you wanted hash rate donations, you shouldn't have picked a score pool.  People are basically just wasting their shares there, unless they stay in for full blocks.

This is, of course, not true. I thought that the fame "score based pools are penalizing intermittent miners" is already gone.

By the way, when all people use this public miner, it then acts as one "strong" miner from the side of the pool, which even eliminate this imaginary penalization.
sr. member
Activity: 406
Merit: 250
This might be a longshot, but I thought I would make the option available in the event shareholders wanted to unite their hashing power to increase company profits...

If you would like to donate hashing power to MergedMining, you can now point your miner to our Public worker.  

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

If you wanted hash rate donations, you shouldn't have picked a score pool.  People are basically just wasting their shares there, unless they stay in for full blocks.

Just a thought.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
This might be a longshot, but I thought I would make the option available in the event shareholders wanted to unite their hashing power to increase company profits...

If you would like to donate hashing power to MergedMining, you can now point your miner to our Public worker. 

Pool URL: http://api.bitcoin.cz:8332
Login: OgNasty.Public
Password: Donate
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
* more hardware
* increase electrical efficiency

* start a pool
* solo mine and sell virgin blocks for a premium
* colocation

Thanks again OgNasty for running this thing.

You're welcome.  I've listed 500 shares for sale at the lowest ask price to raise funds for future hardware purchases.  I will leave these shares for sale until A) they're sold B) the BTC price falls to where this is no longer beneficial for current shareholders.
legendary
Activity: 1102
Merit: 1014
I would also request that MergedMining not loan out any funds.

If there is extra capital available, perhaps we can make suggestions on other ways it could be used to increase profits for MergedMining.

To start and I'm just brainstorming:

* more hardware
* increase electrical efficiency
* start a pool
* solo mine and sell virgin blocks for a premium
* colocation

Thanks again OgNasty for running this thing.
sr. member
Activity: 406
Merit: 250
so 5 btc on jan 7?

I'm pretty sure that's what was just said...

With our new capacity online and running stable, I think now is a good time to announce a 25% dividend increase.  The increase will go into effect beginning with a 5BTC January 7th, 2012 dividend payment.


donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
With our new capacity online and running stable, I think now is a good time to announce a 25% dividend increase.  The increase will go into effect beginning with a 5BTC 0.001BTC/share January 7th, 2012 dividend payment.

legendary
Activity: 1272
Merit: 1012
howdy
it says 1.50 ghz on the stats

shouldnt it be 1.70?



Our miner is currently showing 1.72gh/s.  I assume btcstats.net isn't real time or uses some sort of average.

Your welcome to use uberbills.com.  Smiley
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