[GLBSE] MergedMining BTC/NMC Mining Company - page 8.

OgNasty

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Quote from: sadpandatech on December 31, 2011, 02:49:07 PM

It seems that right now with the BTC price being so high the current share price is highly overvalued. (current .14 /.0008 = 152 week payback) This would be an excellent opportunity to sell more of the existing shares for hardware, imho.

At first look I would agree with you. However, you are underestimating the value of cheap electricity as well as being able to generate BTC without the hassle of running a mining operation. Those are two rather large benefits that allow this company to trade at a premium to a "do it yourself" BTC mining operation. Also, the .0008 you referenced is the current dividend rate which may be increased and not the actual earnings per share, which inflates the real payback length.

Quote from: ?? on ??

so now that we are regularly getting 4 BTC per week, its time to increase hash speed.

Hash speed was just increased by >20% yesterday. Patience young Skywalker.

sadpandatech

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Quote from: OgNasty on December 31, 2011, 02:30:52 PM

Quote from: chmod755 on December 31, 2011, 02:11:15 PM

General question @ OgNasty: do you keep 5000 shares back for additional hardware?

The 5000 shares are being held for many reasons, including additional hardware purchases. This number could increase or decrease depending on opportunities that may arise.

Quote from: chmod755 on December 31, 2011, 02:24:02 PM

Quote from: ?? on ??

@OgNasty

it would be nice if you release all shares, and whoever wants to buy let them buy.

Nope. If he decides to release the shares, the value and dividends of our current shares are permanently down. I don't want 50% of my dividends Roll Eyes

+1

It seems that right now with the BTC price being so high the current share price is highly overvalued. (current .14 /.0008 = 152 week payback) This would be an excellent opportunity to ~~release new shares~~ sell more of the existing shares for hardware, imho.

1500 more shares sold at .12 = 180BTC or ~$846.
Would this be enough to get 2 more 5970 going?
It would more than double the divi payments...

OgNasty

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Quote from: chmod755 on December 31, 2011, 02:11:15 PM

General question @ OgNasty: do you keep 5000 shares back for additional hardware?

The 5000 shares are being held for many reasons, including additional hardware purchases. This number could increase or decrease depending on opportunities that may arise.

Quote from: chmod755 on December 31, 2011, 02:24:02 PM

Quote from: ?? on ??

@OgNasty

it would be nice if you release all shares, and whoever wants to buy let them buy.

Nope. If he decides to release the shares, the value and dividends of our current shares are permanently down. I don't want 50% of my dividends Roll Eyes

+1

chmod755

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Quote from: ?? on ??

yes so far around 5000 shares sold, even if he released the other 5000 shares , there are shares already being sold at cheaper price.

@OgyNasty

it would be nice if you release all shares, and whoever wants to buy let them buy.

Nope. If he decides to release the shares, the value and dividends of our current shares are permanently down. I don't want 50% of my dividends Roll Eyes

Unless you mean: release them to buy more hardware!

chmod755

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General question @ OgNasty: do you keep 5000 shares back for additional hardware?
It looks like the dividend was 0.0008 BTC per share and the total number of shares is 10000 → so that'd be 8 BTC to pay for 10000 shares or 4 BTC for 5000 shares.

slush

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hashrate is generated from last 10 rounds, so it has some delay. Also btcstats.net have it's own cache, which can provide additional latency...

OgNasty

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A dividend of 4 BTC has been paid. Happy New Year!

slush

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Quote from: OgNasty on December 30, 2011, 08:07:59 PM

Everything seems stable at the moment and we're getting over 1.7gh/s.

+1 !

OgNasty

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Quote from: OgNasty on December 19, 2011, 08:06:02 PM

I am awaiting the arrival of a 5830.

The 5830 arrived and kept crashing our rig. I've contacted the seller and am sending it back for a refund. In order to make up for this, I purchased a 5870 off of craigslist and it is currently hashing away in our rig. Everything seems stable at the moment and we're getting over 1.7gh/s.

weex

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Quote from: StewartJ on December 27, 2011, 05:02:43 PM

Thanks, did not realize it was so small. But these are weekly payouts, and have noticed they come in the 4/5 btc payout range. So not bad overall?

A quick estimate shows an annual rate of return from dividends of about 30%. It will be interesting to see how this investment holds up under difficulty and exchange rate fluctuations.

StewartJ

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Quote from: weex on December 27, 2011, 04:57:56 PM

Quote from: StewartJ on December 27, 2011, 04:28:38 PM

Could someone break down what the latest dividend BTC amount came to for a single share of MergedMining?

I divided my holdings by the latest 1 BTC dividend and it came out to 0.0002 BTC per share. Inverting that gives 5000 shares that have been sold at this time.

Thanks, did not realize it was so small. But these are weekly payouts, and have noticed they come in the 4/5 btc payout range. So not bad overall?

weex

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Quote from: StewartJ on December 27, 2011, 04:28:38 PM

Could someone break down what the latest dividend BTC amount came to for a single share of MergedMining?

I divided my holdings by the latest 1 BTC dividend and it came out to 0.0002 BTC per share. Inverting that gives 5000 shares that have been sold at this time.

StewartJ

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Could someone break down what the latest dividend BTC amount came to for a single share of MergedMining?

Haven not received any yet as I am a new shareholder. Just trying to gauge for future dividends.

Thanks!

SJ

molecular

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Quote from: OgNasty on December 26, 2011, 06:30:31 PM

Quote from: StewartJ on December 26, 2011, 03:23:42 PM

What are the future prospects for your company? Do you anticipate more growth and expanding your mining rigs?

These are good questions. I am not 100% sure about future expansion plans. I have received quite a bit of interest and offers for expansion, I just want to be careful and try to limit my mistakes. I have had people pitch ideas at me like adding a solar panel or wind turbine to provide free electricity as well as FPGA mining to increase efficiency and even water cooling to increase our clock speeds. I can say I am somewhat satisfied with how things are running at the moment, but will continue to look for opportunities to increase shareholder value.

The solar and water cooling are obviously bad suggestions.

Your power is already cheap, that's why I bought into this company. FPGAs are still too expensive to make sense at this point and I'm assuming bitcoin exchange rate will rise at least as much as FPGA prices will fall. As long as this is the case, FPGA don't make sense in my mind.

I think it would be best to talk any expansions throught with your investors, that way you are much less likely to make mistakes, right?

illpoet

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i bought ten shares, the hot chick with money sold me.

OgNasty

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Quote from: StewartJ on December 26, 2011, 03:23:42 PM

What are the future prospects for your company? Do you anticipate more growth and expanding your mining rigs?

These are good questions. I am not 100% sure about future expansion plans. I have received quite a bit of interest and offers for expansion, I just want to be careful and try to limit my mistakes. I have had people pitch ideas at me like adding a solar panel or wind turbine to provide free electricity as well as FPGA mining to increase efficiency and even water cooling to increase our clock speeds. I can say I am somewhat satisfied with how things are running at the moment, but will continue to look for opportunities to increase shareholder value.

StewartJ

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Quote from: senbonzakura on December 26, 2011, 05:49:05 PM

sent enjoy

Got them thanks !

senbonzakura

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sent enjoy

StewartJ

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Quote from: ?? on ??

send me your user ID via pm or post it here and I will transfer the shares to you.

Hi Sen,

PM'ed you the ID number. Thanks for the shares, fun to play with.

I had read the SLV Offering thread, now defunct I take it. Sounded promising. I still think there could be a lot more done with Silver and Bitcoins in some sort of exchange mechanism. Noticed CoinAbul is doing something.

I purchased MergedMining shares and soon to get TyGrr as well. This is just too cool. Hoping GLBSE will grow and grow as more start-ups come online.

SJ

StewartJ

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Quote from: ?? on ??

Quote from: StewartJ on December 26, 2011, 03:23:42 PM

I have read this thread with much interest.

MergedMining by every indication seems to be a successful start-up enterprise. Every step of the way, this company seems to have had transparent disclosure, with regular and healthy BTC dividends. What are the future prospects for your company? Do you anticipate more growth and expanding your mining rigs?

Can shares of MergedMining be purchased via GLBSE today? And is this the only way to purchase shares at this time or do you plan on issuing more shares in the future?

I have never used the GLBSE before, how hard is it to purchase and sell shares with this exchange? I have heard they do experience some downtime.

Thanks for your feedback, and congratulations on your company's success.

Best,
SJ

its easy, downtimes are not frequent. you just have to keep your user ID and private key safe. register and I will transfer 1 SLV share & 1 SIN share to you.

Thanks for the info. I did register with GLBSE and purchased some shares of MergedMining. Will be happy to receive the SLV and SIN shares, let me know what you need from me for that transfer?

So far so good with GLBSE... keep up the good work. SJ

Topic: [GLBSE] MergedMining BTC/NMC Mining Company - page 8. (Read 43941 times)