Topic: [GLBSE] MMM Mining Investment GLBSE 4% Weekly Interest (Read 7236 times)

Are we ever getting anything out of MMM? The owner has been selling excess hardware, so shouldn't be bankrupt.

No news, could already write feedback

Any update? Sending a PM too...

how's it going?

Still here

Update: still waiting on share holder information. Will send another email after the holidays.

Update : Still waiting on James from GLBSE

Also I need to hear from anyone who wants payment as described in to the contract to agree to sign a non litigation pact. So far the only one I have heard from is bixcoin. All documentation will be provided after all liquidation is complete to show exactly how much total sales of MMMining's assets were as well as the amount owed to you for the continued mining after the date of GLBSE's closing. But I need everyone to sign this do to threat of lawsuit so that I don't pay out and the next day be sued for something else.

Bixcoin if you can try and get a hold of people that you know that were invested in MMM if you were working on that end with your lawyer that would be helpful or again if you have a through way to James from GLBSE tell him to get my those files asap

Thank you for that email just sent

"James - I have been waiting a long time for my information regarding my investing accounts on GLBSE. I had a security as well as many bitcoins that I need the information on immediately as I have not received anything to tell me who owns shares in my security and who doesn't. I am being threatened with lawsuits and if I get sued I will immediately point them in your direction. I have been waiting patiently sense October 7th but not one reply email or anything. I have my investing account which uses this email ([email protected]) and then I am the owner of MMM which used this email and [email protected]. Send all information to this email and when you respond to this I will give you a bitcoin address that you can send the bitcoins that are owed to me. Please solve this in a timely manner I am an honest business man and was trying to do something good but now I have a slew of people calling me a fraud all because of you guys. Please respond to this ASAP"

write to  [email protected]

If you have a route to talking to them please tell them to send me the information again because neither I or Kris has them and my bitcoins. By the way he says he apologizes for not answering his emails or really checking them that was his "work email". But there is still nothing from GLBSE and I have not received my bitcoins from them either. I have sent them one non threatening email and 1 threatening email still no response. Is the right email still [email protected] because thats the only one I've ever had for them.

Also I need responses from everyone else who will be collecting money based on their shares once everything is sorted out all of you to have to sign a non prosecution pact. Stating you will not sue me even after I pay you.

Can sign, no problem. GLBSE says you already have the information. Since all the other issuers have it, its likely you have it too. You should check all yours and Kris' emails.

Oh an by the way I never meant to treat anyone like shit I was updating for a while its just no one responded back. I just thought everyone gave up and no one was paying attention.

Kris was the khellion email, it was his idea to go public with the whole thing and start the security in the first place. He has gone his separate ways once everything shut down as he was just hoping things would grow and would make money off that but the initial investment was mine. So another words I guess now he has left me to clean up the mess.

My computer is on every day and is open to google and has bitcointalk as one of the pin tabs. Since my computer is on it automatically says that I am on as it is very rare for my computer to be off whether I am here or not. That does not mean I checked the forums everyday, I was checking them periodically up until the accident and then I did after my 15 day migraine finally went away which was just last friday. Today was the first day I learned of any of this. I cancelled my facebook after saving the message of someone telling me they know my address in Maryland which I took as threatening so I shut it down immediately and told all of my friends not to respond. I rarely use facebook and it seems every time I log in there is always bad news so I just shut it down. You are not blocked or anything like that my facebook is gone, and everytime I tried to open up the full message my computer would go really slow so I was worried there was some form of worm in an attached file.

Kris hadnt informed me of any emails that he had received and I don't have the password to his email account so any sent to khellions email I cannot see. We dont talk on a daily basis or anything of the sort, but we definitely have talked so I am not sure if he had checked it or just neglected it but I have left him a voice mail to find out.

Yes I am in the process of liquidating all the assests used for mining and also have the amount still owed per share up to the date of shut down. The liquidation at this point is some where about 30-40% complete.

I spoke with my lawyers (I have 3 one for disability, 1 for my lawsuit against the driver in the accident, and 1 for criminal injury) 2 of which do defense on cases like this and since you have contacted a lawyer before I can pay you out I would have to have a disclosure agreement saying basically that you will not bring a lawsuit against me after. I will need one of these from everyone who had any plans on suing me if they wish to be paid out and it will require your actual signature.

I wrote a very stern email to GLBSE requesting once again the information in regards to who owns what shares and threatened with legal action to receive my bitcoins back from them. I badly need this information first before I can do anything really.

Everything will be paid in one lump sum and will be backed up by documentation but due to the threats of legal repercussions I have been advised not to disclose any exact amounts until you, and all other parties are willing to sign an order of no legal action.

Just another little story
I had a really nice car when I was younger, something you would see off of fast and furious, and I loved it and was so proud of it. It had an $800 head unit (stereo face plate) which was had a TV hooked to an xbox you could play inside the car. Anyways I was out with some friends and this guy I didn't really know did a very nice gesture of lending me $60. Well I didn't really feel like paying him back even though he needed it back so I just went on about my business. He had no idea where I lived nor was he the type of person to break in to cars. But it just so happened that with in the same week my $800 stereo/tv out of my car was stolen. This has happened on 2 occasions and it has been to close to be coincidence. I fully believe in Karma and that it comes back on you 10 fold so again I never steal it just freaks me out anymore anytime I have ever tried to do anything deceptive God has in my belief spanked me.

Hello Kilcondlost,

I am sorry for your accident and your rather tragic story. I will hold my lawyer back, there is no reason for me to do anything like that if you keep responsive.
But I did tell you before, and I thought it was understood, that it is VERY important to stay responsive in this situation! We are all in a similar situation here. My losses are far more than yours and I have been treated like shit by everybody involved til now.
Now you didnt respond emails, even though I could see that you logged into Bitcointalk almost everyday, and Russel (you are Khelion, right?) canceled my friendship on facebook a couple of days ago. That and the lack of information at all doesnt really help to build trust. You understand that?
Also I understand that there's two of you. If you were in an accident, why didnt your parntner inform us?
Enough about the past though.
So you shut down your operation, is this right?
You said you are in the process of liquidation. Does this mean you are selling your equipment?
Did you get the shareholders list from GLBSE?
How much you think is the payout per share?

If any of you all have documentation and can show it to me I could actually get the ball rolling.

I have yet to receive any information from GLBSE except that they screwed up by double paying some accounts and are still trying to get everything straightened out. I have kept full records as I said I would. If there is a lawsuit is filed against me I will have to use all the money that was saved to pay you to defend myself and I'm sorry I already have bad credit you cant sue what isn't worth anything well you can but you pay way more in legal fees. I will pay you the amount that is owed for the remaining date of mining from when GLBSE closed until I shut down (X amount) so it would be from when GLBSE closed until the 20th of Oct. as I believed that the new chips were coming out and I chose to shut down then as the difficulty was sky high tho it never did shut down. I am still in the process of liquidating shares which who ever has a validated share would be entitled to there portion. As I said before I am a man of my word and told you what was going on. I will fully hold through with my contract. You will be paid the percentage of the liquidation of the mining assets depending on the amount of shares you own. But if a lawsuit is filed then I will stop this now and hire a lawyer. You tell me. All I wanted was to start my own company and have paper work going from the date I started to the date of the end. I cannot pay until I get the information from GLBSE and get my worth of bitcoins from GLBSE.

I will uphold my contract if you let me. If you sue me than I will not pay anything until the lawsuits are done, if I have a penny left and you win then you can have it.

P.S. I was in a car accident with a depressed skull fracture on Nov. 24th and have not had a chance to check on any of this I did not know anyone was having these issues. So I apologize for the late update and not holding to my "I will update once every 3 days" but no one ever said anything back so I just thought ppl stopped listening. I have full documentation of this.


Just a little story
In 2009 I was beaten nearly to death by a man with a tire Iron and have not been able to maintain a normal job sence which is why I fell inlove with bitcoins so much because it was something I could do and my savings were almost out. The man was charged with Attempted Murder and ended up pleading out to Assault 1 with 15 years. I had 30,000 worth of medical bills which in my eyes he should of had to pay for but didn't. So I wanted to take out a civil lawsuit against him. He didn't own a house he owned an old beat up van and that was about it. Every lawyer told me in a mocking way that you will have to pay up front and we will work for you. But knowingly that he was only worth about $1500 it would have cost more to proceed with the lawsuit. Just a little piece of my history.

Thank you, from the Person who once thought he had the trust of his clients.

I have their data and my lawyer is filing a case for breach of contract.

long silence, suggests that the bixcoin are correct in his assumptions. just can not understand how your lawyer will help the cause?

It seems MMM people are gone with our Bitcoins. They received the list from GLBSE and just dont answer us anymore. I had send them an email a couple of days ago and also nothing.
Please PM me if there is any other victims. I have already talked to my lawyer and likely will take legal action against some issuers.
Seems MMM wants to be one of them.

can you please let us updated here? Did you get a list already?

This is the most pathetic thing that I have ever heard about I wouldnt be suprised if the people that they double paid were giving kickbacks to the people at GLBSE. Im sorry guys I have 20 unanswered emails to GLBSE and am still missing over $3000. Im starting to think I will never see it again.

still waiting for my Bitcoins. I read that GLBSE double-paid a lot of people and now obviously doesnt have the money to pay everybody back.
Never seen such stupidity!

Just wanted to inform that I was reading through some forums and noticed that some people are receiving a list of share holders from GLBSE finally though I have only heard of two people getting it and both were the largest stocks. So it may be quite some time before I can verify the information. Also I wanted to let you know that I am still keeping track of the payments per share from the date of the crash of GLBSE. So hopefully here guys I can get my conscious cleared and give you all some money. I feel bad for everyone who got hurt in this mess, but I am also still waiting for my bitcoins back from them which hopefully all will come at the same time. I would still like to know if anyone has received any of their bitcoins back or any information from GLBSE. Thank you - MMMining 

Just as an update I have yet to receive any information, not even 1 email from GLBSE regarding my bitcoins or information pertaining to MMM holders. Its starting to worry me as this would go up as another scam in the bitcoin economy which in my opinion it just doesn't need. Keep me posted if you all receive any info from them. From what I could tell on the forums no one has heard back but I only looked for about 30 minutes.

To all MMMining Investment share holders. We closed down our account on the 11th of October following the questions asked on the GLBSE site. I would ask you all to do the same if you would like to receive your dividends and you will have to click share with issuer. I would like for everyone that is interested in continued relationship with MMM to please email your actual number of shares that you held. If you have already mailed me I will need you to mail me again because some people inflated their number of shares. At some date in time I will also need a bitcoin address for where I can transfer bitcoins to but that won't be needed until I can verify the information I receive. Once I receive MMM's share holder database I will then compare it with the information that you send me and then I can start paying out dividends again. I can not and will not make any promises for when this will be as I am still just as blind as you are to the inner workings of GLBSE.

On a side note I am curious if any of you have received a refund of your bitcoins yet as I have not but I am still hoping. So if you have please let me know.

Please email the information requested to [email protected].

Thank you,
MMMining Investments

Oh just a little heads up to all we have been in front of my computers all week writing up drafts for proposals and making new spread sheets for extending dividends and everything else. We are trying but need a little break. We are leaving the computer for the weekend and going to visit my friend and relax for 2 days. I will be back Sunday night and Kris will be back sometime Tuesday. So if you don't hear from us until then that is why. Though we wont be leaving until late tonight so anyone who has comments on the previous post of whatever else we would love to hear about it.

I have sent in to GLBSE requesting the information on my accounts and according to them it should allow me to receive all asset holders CORRECT information so that proper dividends can be paid. I cannot say when this will be. It may be in a few days a week a month as it really depends on GLBSE and how fast they cipher through their database.

Now as I have said I am still keeping track of what money is owed to my share holders but I am not adding the percentage as per said in the contract because there is no way I had anything to do with this. I hope that you all can understand. I am...We are receiving bread crumbs of information and I am on the same boat as you. I personally am still under the impression GLBSE was forced to shut down do to the amount of losses sustained by people investing in Pass-through Stocks to Bitcoin savings and Trust and they went to the improper authorities because they plaid risky and lost. Bitcoins are a serious risk thats why there is much higher rewards. Go to a bank and ask for even 1% a week interest and they'll laugh at you but that's what you get with bitcoins. But you also get site closures fraud and everything else.

Once I receive full restitution and everyones account information I will then request everyone who held shares send me a personal email with a bitcoin address that is not linked to any black markets as well as how many shares they had. Once I can verify this information then and only then will the back dividends be paid.

Future dividends I am still working on but I doubt I will be able to do them daily. Sending out payments to 100's of addresses seperately will become a daunting task but if its what I have to do then itll have to be done. They would probably be more likely paid weekly but I will still keep track of them daily and the information that was stated in the contract stands. I do not know how you can sell any of the shares that you own and if you do of course you need to pass that information on to me so I know who to pay.

If I find out anyone is using a bitcoin address that is linked to a black market site I will stop payment until the address is changed. If you do it again I will stop payment indefinitely as that would jeopardize my entire plans here. Also I will only give you one chance to properly verify the number of shares you have. If it does not match what GLBSE says if I get that information from their database I will not deal with you what so ever. We do not need anymore scammers out here do not try and make this worse. I want to help  so just be honest and lets work together.

Right now every shares dividend is at about .245btc since the shut down.

As for the expansions and moving to the new chips and what not with all this going on you will have to give me some time to write up what my new plans will be. I had intended to sell all the shares as that would have fully funded my endeavors but that never happened and now this. So as is MMM will be continuing on as it is currently and ASIC and bitcoin payouts being halved will all be things that will have to be dealt with later. This does mean there is a  more likely chance of liquidation but I will do everything I can to continue on as I had hoped this just really fucked me. Sorry for my french. I know it did to some of you too, all of you. I will do what ever I can to hold up my end. - The Restored MMMining Investments

I would like everyone to please read the new updated information on GLBSE. Due to information I have heard about FBI intervention after money lost from people skipping out after BtcS&T went under I would recommend doing so at your own risk. But this should give us a format some time in the near future to establish an asset to issuer relationship again. Though in a much more tedious format.

It had been spoken about for about the last 2 to 3 weeks that there were alot of complaints after many of the stocks that were pass throughs for bitcoin savings and trust stopped paying out dividends and made no effort to pay back anything as stated in there contract. There contract stated that if they received there money so would the share holders at the proper percentage which never happened. These totaled well over a million dollars and after all the reports to the black hats for fraud this is what you get out of it. Im not a conspiracy person but that is part of what I am hearing and that is the only thing that I knew before the crash.

So again I say do so at your own risk. Bitcoins are anonymous but can still be traced. So if you do underhanded dealings or similar transactions be cautious especially if you are big with social media.

I am working on seeing how GLBSE will be distributing the holders information and then I will be able to give you an update. If you receive anything faster than I do let me know as I am trying to gather information just like the next guy.

I am still here with you guys and overall you have made almost 10 bitcoins so as soon as I can get them to you I will but please stop sending me scam emails. Its really wearing on me and it hurts the rest of the people who are being honest. Please, I know me asking won't make a difference but to those who find it funny and think I will hand out someone elses money to you for not reason. Please have a heart and realize some people are scared about losing 1000s of dollars including myself some I believe have lost 100,000s of dollars. So dont scam, infact you should try and help people, do something useful.

I am waiting for updates from GLBSE just as much as you guys. I had over 3500 dollars tied up on my account. I know as much information as you and am just as shocked and pissed off as everyone of you. Once I can validate information I will try to reset the security somewhere else but as of now I have no idea who has what or what is where. All I have is a white screen from GLBSE saying basically I'm screwed. I have a multitude of emails of people claiming to have X amount of stock and so far its funny that it more than doubles the amount of stocks that were sold total. Once GLBSE lets me know what they plan on doing to allow some securities to continue on under different formats I will work with that.

As of right now anyone can come to me and say they own anything and as it was all anonymous and there were alot of people selling there stocks I have no idea. I am an honest business man as best I can be and I stuck to my contract in every way I possibly could. I would like to continue MMMining but it is all reliant on GLBSE. Again I know as much as any of you and I have not got a single email in response from GLBSE. I trusted GLBSE to take care of my coins and thought they were safe there. I will not rob anyone that has put invested with me and I am still keeping track of the last numbers I had from GLBSE. When I get more information from them to be able to pay out proper dividends to the proper people at the proper amounts and hopefully start MMMining where it left off I will pay including back pay. So far though I have only been tried to be scammed by people and its sad. I am sure some of you are being honest, but there is no way without GLBSE's data base that I can tell.

You all have done alot for me and on every securities post there are the same questions and the answers are the same, we dont know some have no answers at all. You really have nothing but my word and that must scare some of you to death and at the moment I am scared to death as they have hostage half of the money that was received from sales. I feel your pain and will do what I can for everyone because without you all I would not have been able to do any of the things that I was planning on doing. I hate people that abuse bitcoins as its an amazing idea with so much potential but because 1 person screws up it causes everyone else to suffer.

Ok enough rambling you have the idea of what I am saying I am just a little on the anxious side myself. I will post atleast once every 2-3 days at minimum just to let you know if I know more of whats going on.

could you please give out anything? Why is there not even a note about what's happening?

what about your bond holders now?

Just as an FYI guys I believe that someone is going around to multiple stocks buying a few and then selling them real cheap to make it appear as the stock is dropping in price. The way GLBSE shows it is only the last sale is the first number you see so if someone goes and buys few shares and then sells them at an extremely low price it makes it appear that the stock has lost alot of value all of the sudden and then causes others to follow. I have noticed it as someone has listed there stocks for .65 which is offly low but Its not only at MMM I have noticed it at multiple stocks. Anyways guys I am really hating this drop in value but I can't do anything about it that is all up to you guys. Again if you want the stocks for cheaper thats a different story but I thought they were a great buy at the prices they were. Anyways just wanted to give you a heads up that just because the last sale may say something low doesnt mean the stocks is "low"

From, BTC MMMining Investments
                                                                           
We already have upgraded alot of equipment and I really didn't/don't want to lower the prices I feel its better for the holders and better for us, I just didnt know if anyone was looking to purchase and was feeling the prices to high for the new difficulties dividends.

The dividend per share would remain the same either way so that actually doesn't matter. My plans can be altered and there is nothing wrong with that. Originally I had intended to increase the amount of shares based on total mining power so when all of these shares sell I would then add another x amount of shares that would fall under the exact same contract.

I really want to know from you all preferably alot of you all on how we can combat this skyrocketing difficulty to increase the dividends. We like to be on the forefront and think of new use new ideas that do good for everyone and gets peoples attention. Just like when I started this and everyone said "its a ponzi scheme because hes paying more  blah blah blah" but in reality it was an idea that was used to make MMM become more recognizable and I have seen two copy cat securities doing the exact same thing. So I want to make you all more money because that helps you and helps us here. Even if things stay exactly as they are we are still doing great in my opinion and have been between 2.2% and as high as 7.1% interest in a week depending on what price your shares were purchased at.We are all still gonna do just fine even with out a change I just hate to see the difficulty rise.

Anyways please guys I would love to here from you I appreciate your input bitcoin.me. I would never try to undercut someone trying to sell there shares but I was basically asking if my holders would like to me to reduce my price maybe from 1.1 btc per share down to .925 to accomodate for the rising difficulty. but at the same time I know many of you need to sell your shares because other things come up so don't think I was trying to say I wanted to undercut people so I could make sales over someone else. I will never do that, We will never do that I promise you on that. Thank you to all our lovely holders we appreciate all of you and we are working diligently to figure out our next moves but again it doesn't matter who or where that idea comes from as long as its a brilliant one.

You shouldnt sell any shares below IPO price if anything you should buy back any listed lower than that to increase dividends per share.

To combat the rise in difficulty mining companies usually have a growth fund where they might keep 40-50% of income aside to upgrade equipment.

Hey guys we just wanted to give you all an update report. We know it seems like dividends are becoming smaller, but for those of you that aren't familiar with bitcoin mining it has to do solely with the difficulty. When we first started MMMining Investments the difficulty was 2.06 million but it has increased by record amounts. Each increase which happens about once every 2 weeks has set a record for the highest difficulty. The higher the difficulty the harder it is to solve a block and solving the block is what gets you paid. The difficulty now is at 2.86 million which is roughly a 40% increase.

As you can see by the way we do things most days we are able to keep it above average and we try very hard at this using my system of allowing a block to go for 2 hours using pay per block before switching over to pay per share. We try extremely hard to do the best to give you the best dividends as possible. we also saw recently the dramatic decline in MMM stock price going from 1.0btc per shard down to .79. Now this was due to someone selling out immediately to a bid that was set for .8 bitcoins so that they could collect their money immediately which we understand.

We also have noticed that alot of other mining securities such as Gigamining and FPGAmining have dropped drastically in price. So if you all would like we would be willing to lower the price of the remaining stocks so that if any of you wish to purchase more you can. If you all don't want me to because you feel you have paid your .9 for the stock and it would be unfair that we will not do it. When MMMining first started bitcoins were right around $9-10 a piece and are now at the door of $13 so 1.0 btc a few weeks ago is actually equal to .8 btc today. Though this is a question for you all and we would really appreciate some feed back due to things are at a stand still with the remaining stock. We haven't heard from any of you in a while and we would really like to so please give us some feedback.

bump

No I'm sorry that was only for the first 100 shares sold they are now at 1.0 bitcoin per share

Do still you have any MMM bonds at .5 Btc?

Hey guys we just wanted to report the big news. MMM is now 3/6 verified including Photo I.D. e-mail and Facebook. We hope this goes to show you that we are who we say we are and our only goal is to make our holders and us a whole lot of bitcoins.

Also as you can see the last of the .9 stocks have sold and all stocks from now on will be 1.0 btc and up. Everything has been going better than we could have imagined. We hope that all of my wonderful share holders feel the same.

Thank you to all of those who trusted in us and we look forward to paying it back 10 fold!

 This was the final email in a long email exchange, but it seems as I should be verified in the very immediate future.

 
This is the email response that I received as I am trying to get everything verified. So as you can tell GLBSE is getting in gear and checking them out later :-(. I am trying my hardest to get verified guys but he did tell me itd take a lil while. As always thank you to all my wonderful holders out there hopefully we can get past this block of not knowing each other well soon enough. Take care guys

It has been brought to my attention that there is a curiosity about what would happen to MMM investments if there was a fire, theft or act of god that came and destroyed what we are all working on. I would like to let you all know that back when I originally started bitcoin mining I had my insurance adjusted to incorporate a small home business paying up to 30,000 in lost equipment and 50,000 in lost wages with a combined maximum of 50,000. I have all documents to prove what was inside the house full serial numbers pictures stored on 2 hard drives my phone and the cloud so that I will always have access to them. This also would protect against theives as well because most try to pawn items and if I report the serial number I would re aquire the stolen items very quickly. Though I would like to explain the worst case scenario.

If something were to happen and my miners were utterly destroyed there would be to motions put up for holders to decide upon. The first would allow me to use the insurance money to  then rebuild exactly what we had and go on as normal. The second would request a lump sum payout equal to the amount for liquidation of assets. As for the dividends I would report to the insurance company my average daily income which would then be evenly divided over the share holders in a lump sum for a total of every day from the date of the incident to the date of the pay off. So if the average daily payoff was .0030 and it took 30 days for everything to be resolved then I would pay each holder .09. This dividend reimbursement would occur no matter which motion was passed for either decommissioning MMM or continuing on. I just wanted to let you all know that all of this is insured and safe. As always thank you for your interest.

Received! and more shares being purchased.

Thanks!

I just again paid the dividend for both the 24th and 25th in a single dividend along with the additional 5% as stated in the contract. It will show 2 dividend payments on the 26th 1 of which is for 1 day and the other is for 2 days. If GLBSE does not post the dividend payments and returns the money to my account everything will be held up as stated in the contract. If GLBSE continues with backlogged dividend payments than you all will receive an extra 2 dividend payments (Your lucky day) as I will not seek to have them refunded.

I just want to put forth my honesty and whether it be my fault or not do what I can to make my holders happy. Everything has been going amazing so far as I have two new systems up and up until this issue with GLBSE had not had anyone sell the shares. Though I see that has changed now, but I want to make you all aware that I am and will do everything I can and will not breach the contract in any way. Thank you again and my apologies for GLBSE's issues.

Ok guys dividends finally went through today. I have not received an email or reimbursement for the previous two days or what the issue was. Since todays dividend went through I will go ahead and pay the previous 2 days dividends with the extra percentage offered in the contract as it is not your fault. I will also post as soon as I hear a reply from GLBSE. Sorry again guys.

Behind on Dividends. What, 3 days? 2 days?

I have been receiving them from others on GLBSE.

Update?

I have entered the dividend to be paid twice now and nothing has gone through but apparently there wait is backed up. Sorry for the wait guys.

Just wanted to say my apologies for the late dividend payment. I had sent it in in the morning, but then the site went down and had never passed the dividend on to the holders. Thank you for your understanding.

Lol hosting mining gear would be interesting though I think that would point me in to many angels at once right now.

As for the gpu vs the bfl singles They can are less cost effective when electricity isn't included but the thing that worries me the most is resale value if anything were to happen with BFL or bitcoins. A GPU still has a huge market other than bitcoin miners though I am sure there value would fall but at least there would still be a market. Once I know more about the release of the Jalapeno and what their plans are then I will go more in that direction.

Thats a sweet deal and makes your returns a lot better.

You will be surprised how quickly you will need to expand to 15 rigs using GPU only but if bfl singles is the plan thats not a problem. 

If you can rent out other houses there might be a business in hosting mining gear for people since you can get them with electricity included ?  tl;dr bitcoin data centres 

We do have 3 ASIC BFL singles but they are at my parents house so I was not able to take a picture of those, but I will as soon as I get a chance. We are also on a stand still for buying anymore BFL singles until I learn a definite launch/production release of the jalepenos.

When we were looking for a place to rent back in May we planned ahead for using alot of power so we found one that has 2 240v circuits each rated at 25amps which were meant for large indoor air conditioners as well as each room is rated at 15-30amps at 120v. So as is we are perfectly set for power 6 rooms x 15amps 2 rooms x 20 amps 1 room x 30 amps. Each computer draws from 6-10 amps at 120v or 3-5 at 240v. As is we can expand to 15 rigs without a problem if that is the way that would be decided to go, but that depends on what BFL is doing. The biggest problem is heat and if we did expand to 15 rigs that would be almost 2 in every room (not including the bathrooms) Though at least for now as we add in equipment the temperature should be dropping outside so it should balance out but at 2 rigs per room we should still be able to keep it cool.

The house is rented to us with all utilities included and we made sure that there was no clause for how high the electricity could go and even had a lawyer check it out. It is being rented out by a company that goes around and buys up forclosed homes and then rents them out for pretty low prices with utilities included, now that sounds like a great gig. We are on a 24 month lease now whether they let us keep renew the lease after that with the electric bills as they are I don't know, but for the next 20 months were set.

Thanks for posting those.

It might be worthwhile investing some funds in bfl singles because they offer an upgrade path to ASIC. GPU mining  at that point will probably move to litecoin.

Do you have adequate electrical circuits at your current location to massively expand which needs to happen to keep up with difficulty?

When you say "free electricity" who actually pays the electrical bill and will they be happy with a  massive rise in usage?

There are links to pictures of the mining operation posted up just incase anyone didn't notice they are about 5 posts up. There is the ticker symbol as well as the date and stock exchange site in every picture for verification.

5mh/s is around .024 btc per week which would me 2.4% interest on a 1 btc share. Atm my shares are going for less than 1 btc which first off increases percentage right there. so .024 out of .8 is 3.3% interest.

But I would like to look at it as if the stock was worth 1 Btc as that is the goal, actually 1.1 btc. The way that I do mining is both Pay per block and Pay per share. If on a bad block (one that takes longer than the average number of shares based on difficulty) once the total number of shares hits the point at which it is equal to what the difficulty is at I then immediately change to Pay per share. Then if the block goes on for 10,000,000 shares I would still be earning the standard amount and still earn 20% of the blocks value that I would have earned if I had stayed using pay per block. Immediately as the block changes I switch to Pay per block that way if it is a great block ( on that takes less than the number of average shares based on difficulty) than I would earn the full percentage that I should be paid for that block. 

Anyways thats how I do it and I have always been able to make far more than if I had just left it on either Pay per share or Pay per block the entire time. This is what gave me the idea to offer that to my investors.

I do not pay electrical costs so that is not of concern and with all other maintenance and other fees that may arise are not the responsibility of the share holder.

The share holder earns either 5mhash/s daily profit or 1/1600th of the farms 8.2gh/s total revenue whichever is greater. The lowest that I should make in a day is 3.8 BTC but most often I will make 4-4.5 btc and I then payout the extra earnings to the share holders. Now even on the worst of days where I have to leave my farm on Pay per share all day long it will still make the 3.8 BTC which divided up pays each share holder there 5mh/s earnings no matter what. As was yesterday I only made the very low 3.8 btc and therefore paid out the earnings for 5mh/s to each share holder

Every other day this week so far I have been able to earn more than what would be average and have passed the earnings to the share holders.


Now to finally get to where the 4% comes in the minimum would be 2.4% if each share were at 1 btc at current difficulty. But since I pay whichever is greater (the 5mh/s or 1/1600th of 8.2gh/s farm revenue) and 50% of the time it will be higher on average then 4% would be a safe projected earnings. The 4% is not guaranteed as it is 2.5%-4% but it also isnt guaranteed that it would not be higher than 4% either. (Though I wouldn't expect it to happen often).

As well as the name of the game is expansion. The plans are to further grow the MMM and be able to produce more profits. And if so chosen by the holders after we have expanded if they wish to release more shares (that would fall under the same contract but different farm therefore not diluting the shares as they would all have equal payouts) then the process would continue

As is with the systems we have set up currently the 8.2gh/s farm which is paying share holders and the just about newly finished 2.4gh/s miner we will have more than enough to cover all expenses that may possibly incurred by paying the bonuses to the holders as well as pull in more revenue from that source to further expand.

I hope this answered your question.

Yes I know NOW and I wish I could change my ticker symbol because that is really bothering me. But I am not russian I am not dealing with millions of dollars. Do you think those guys are bitcoin mining?

5 MH/s produces ~0.02 BTC per week and that is before electrical costs, before the reward is cut in half, before your profit, before equipment losses/fees/outages/etc, before difficulty rises.  How exactly are you going to pay 4% interest?

http://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

https://lh4.googleusercontent.com/-5gUlFONqtz4/UDU_JtF4tlI/AAAAAAAAAAo/vzVxR4mMfk0/s640/MMM%2520013.JPG
This is an image of my basement which holds 2 mining rigs. The one on the left is 3x5970s putting out 2350mh/s the other is a 5970 2x5870s 1x5850 putting out 1650mh/s

https://lh5.googleusercontent.com/-T97uZPe6nDE/UDU_spp95iI/AAAAAAAAAAw/ys3GRsU7vYE/s640/MMM%2520017.JPG
https://lh3.googleusercontent.com/-A57NO9ka9Bk/UDU_3MUl6QI/AAAAAAAAAA4/fTX_-EW3SdY/s640/MMM%2520021.JPG
These are close ups of both the mining rigs in the basement.

https://lh4.googleusercontent.com/-VrjUlskIV0A/UDVAK9YPZwI/AAAAAAAAABU/-c5xLzdgkJg/s640/MMM%2520005.JPG
This is one of the 2 miners that are upstairs. It has 5x5850 putting off 1750mh/s

https://lh4.googleusercontent.com/-9OoqPioNmic/UDVAlaU1g3I/AAAAAAAAABs/YiXJFkvk1O4/s640/MMM%2520007.JPG
https://lh3.googleusercontent.com/-QHoYoEKjaIE/UDVAFYKI9fI/AAAAAAAAABM/qRQ3L9JeG8o/s640/MMM%2520009.JPG
This is the mining rig that is on the main floor which has 1x5970 1x5870 and 1x5850. It puts off 1550mh/s. Both pictures are of the same rig just different angles

https://lh3.googleusercontent.com/-o8_FSD8w9qI/UDU_8F_NwEI/AAAAAAAAABE/_jEwIPMQmgU/s912/Mmm2%2520001.JPG
And finally the 2nd mining rig that is upstairs. This one has 3x5870s and puts of 1250 mh/s

All together everything puts off 8.55gh/s but I figured allowing one card as backup in case anything ever happened would allow share holders to be better off.
The new rig is being built as we speak and I will put pictures up of it as soon as were done as well as specs. The new rig will be for our income as well as to cover any days where the current farm is not able to pay the bonuses. It should be around 2300-2500mh/s but we'll see how strong the cards are.
 
I really hope this settles some skeptics we're here to work WITH you and and make a profit TOGETHER. I believe you as the holder deserve more of the profit that I am making I just didn't know trying to offer you more would cause backlash on us. Take a look verify crunch some numbers see that I am telling the truth. Remember that the most important thing to us is YOU. You determine the share value and that fits in to our goals drastically. As when we expand and release more share (whifh stay under the same contract but will be shares for the new farm as to not dilute the value of the share) it again all depends on what you set the value of us at and the higher you think we are worth the more money we make. It all works as a big circle.

https://www.glbse.com/asset/view/MMM

No the share holder is purchasing rights to the current farm of 8.2 gh/s as stated in the contract. As we expand and get to 16gh/s then there will be a motion for the holders to vote on on whether they wish to allow me to release more shares for the rights to the new farm. Any new shares released would fall under the exact same contract. i.e. 5mh/s minimum or 1/1600th of the revenue produced from the particular farm in which they are purchasing shares in.

I completely agree with you on there is room to give more to the share holders. As things are people are charging you $10 or 1 BTC roughly per share which makes about 1.5% per week. If you were to take the same money and invest in your own mining rigs you could easily get 15mh/s for $10 as I found it costs me about $800-$1000 per 1500mh/s +/- 10%. The difference being is when you buy a share you can sell it at any time and get your money out as well as not have to deal with the expenses of running things. So of course it would not make since to sell off shares that would equal out to what my current investment cost, but it does make since to allow those who wish to earn money along with me the right to there fair share.

I'm a bit confused, so if your hashpower increases from the current 8.2ghash to say 16ghash will each share still be worth 1/1600th of the total 16ghash?  I think there's definitely room for mining shares to give a better deal to shareholders, not sure if this is it though.
Cheers

To reply to both I will go ahead and take picks and post up here. 

 I did not know about the whole Russian MMM thing I asked GLBSE to allow me to change my ticker. but not gonna happen.

Just with the MMM name seems that it's a bad pun of a ponzi.

If you already have rigs then you should be able to prove it by taking pics with a written timestamp.

Mining isnt profitable enough to get the returns you are claiming.

Btw if I was using coins earned from the sale of shares to pay dividends that would be a scam, its known as a Ponzi scam.

Which is why the money is used to expand. Then the money earned from the profits of the expansion will then be used to increase profits as well as pay the dividends. We have already started to expand and have a new system on the way which will more than cover the bonuses. That way this can be a well oiled long term investment that will make everyone happy. We don't promise millions over night or probably ever but we do promise to separate our self from the norm and try to give back as much as we can to those that put their trust in us.

Well to put it in simple terms my original set up cost me around $4000 and is making at the moment around $44 a day. If the 1600 shares were to sell at even .8 btc at $10 a piece that would be $12800 there fore I would be able to expand my current set up 3 fold or 300%. That is the goal and I wish more than anything that computers would allow people to get a better idea of who people are. I am not saying that I am offering 300% profit as that is not the goal. The security should produce a steady 2.5% (being 5mhash/s daily returns or up to 4% on a good week) I am working on getting verified but GLBSE is being a little slow at the moment they have told me that they have been swamped with a large number of requests due to extra activity. The goal of expanding whether it be doubling or tripling the current output of mining capacity is the plan and is the way that we plan to pay for the slightly larger increase in payouts. I am working on a website to show off the current operation and will also post each new rig as they come in and are operational.

Really even if we weren't to release any more shares than what are already currently released the capital that is earned and put toward new invesments allow us to earn a higher profit margin and even if that means paying a little extra to our shareholders to show our loyalty for helping us expand we are more than happy to do that. If our holders do wish for us to expand and release more stocks so that Money Maker Mining can grow even larger than in our eyes that would be even greater.

We are a small operation and would like to separate as far away from the thought of a scam as possible. If I was to say to you invest in us and next week you will get 300% profits just give me your bank account number that would be one thing. But again the goal is that we are selling shares at a price that we deem reasonable that would equal out to roughly 3x our initial investment once all shares are sold there fore allowing use to expand 3 fold. I am not sure if you are looking at the numbers the wrong way or just its my fault for a bad explanation but right now we are running at 100% at 8.2gh/s with investments if we were able to be running at 16.4gh/s that would be 200% and 24.6gh/s that would be 300%

If there is anything I can do to show you our explain better/further please let me know. Time will only tell be you will not see one day up there from here until the day I die that there is not a dividend payment that directly follows that contract.

I could get in to some sappy stuff but this has become my job after an injury and I put most of what I had in to it. My room mate has also decided to join in and we have a good thing going. Money is required to grow further and we thought that allowing others to invest would be a way for us to expand faster.

You cant both expand and pay excessive dividends. Either the coins earned mining will be used to expand the mining farm or they will be paid as dividends to shareholders. Using terms like "300%" screams scam to me.

bump

Yes we are working on getting verified. Our mission is to give the minimum of 5mhash/s or offer each holder 1/1600th of my 8.2gh/s farm whichever is greater on a particular day. The mission behind it is expansion. We are already expanding and once there are more miners we can increase the total revenue flow of the farm. Of course once the revenue flow is increase profits increase. The plan is that we will pay out around 110-120% of earnings of the current farm but the expansion underway is an additional 50% which will more than cover the bonuses plus 30%. The goal is to expand 300% from capital raised. We are trying to do something different yet safe to seperate ourself from the pack so the holders and ourselves will benefit. As always the better we do you for you the more it does for us.


As for ASIC we are on top of that as well and will be ready for it as soon as they are released.

are you getting verified??

How can you give higher returns than other mining operators?

What??? I was expecting at least 10% per day! Not playing along this year then.

http://mmm2012.com/

bump

Hi I would like to introduce you to my newly launched stock. MMM Money Maker Mining (Yes I know its a little corny but the intent is to make money and it is through mining)

https://www.glbse.com/asset/view/MMM

We offer a minimum 100% PPS of 5 mhash/s payout per day or 1/1600th revenue of my 8.2gh/s mining farm. The holder of the share will receive whichever is larger. So if the miners have a great day and solve twice the normal amount of blocks the share holders each receive a payout equal to 1/1600th of the greater earnings in the case of double the blocks solved they would receive a payout equal to 10 mh/s or double the typical payout. If the miners have a bad day and solve below the average number of blocks the holders are still guaranteed a minimum of 5mh/s PPS.

The holder will receive full revenue dividends and not have to deal with paying for maintenance expenses.

MMM Is a small mining operation with the intention to expand. 70% of the income earned from selling shares will be reinvested in to the company. The remaining 30% will be used to maintain and cover any unforseen expenses so the burden never falls on the holder.

Once MMM does expand the option to release more stock will fall to a vote of majority which if so chosen MMM will release more shares each being equal to the previous falling under the same contract.

The Mining Farm is a mix of both FPGA and GPU set up and is run at a very low electricity rate.

Also at which time ASIC is introduced the contract will adjust to increase payouts respectively.

This project is very close to us and we will put everything in to it to make sure you make as much money as possible. As things are set up interest will be 2.5-4% each week. Remember the goal of this is to make the share holder happy which in turn makes me happy. If we do a good job and the stock price rises than when and if additional stocks are released they will be released at a higher amount. So as always making the share holder happy is our is our first second and third priorities.

MMM starting out at .8 btc but the first 100 that purchase will get a rate lower than that starting at .5 btc. There is of course only a total of 1600 shares being released.

Also as a fail safe if there is any reason in which mining is no longer profitable to the 100% of the income from liquidation of equipment would then go to pay off all investors.

Thank you for taking your time to read and I hope to hear your feed back and see you on GLBSE. If you would like to contact us directly please do at [email protected]