[GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!)

PsychoticBoy

donator

Activity: 1890

Merit: 1010

Parental Advisory Explicit Content

Quote from: paladon on November 06, 2012, 01:20:07 PM

Because I am becoming father (and I need the room where the BFL is standing as kidsroom) I have transferred PGM and the BFL Single (with upgrade) to PsychoticBoy. He will take over obligations to shareholders. The BFL will be shipped this week to him. PsychoticBoy will confirm in this topic our agreement.

I would like to thank you all for the nice time. But unfortunately I have to choose for more important issues right now.

Regards,
Paladon

Confirmed.

If you have any questions or concerns please PM me or reply in my thread: https://bitcointalksearch.org/topic/closed-abm-mining-company-78638

Greetz

paladon

member

Activity: 85

Merit: 10

Because I am becoming father (and I need the room where the BFL is standing as kidsroom) I have transferred PGM and the BFL Single (with upgrade) to PsychoticBoy. He will take over obligations to shareholders. The BFL will be shipped this week to him. PsychoticBoy will confirm in this topic our agreement.

I would like to thank you all for the nice time. But unfortunately I have to choose for more important issues right now.

Regards,
Paladon

Jurek

member

Activity: 117

Merit: 10

How many bitcoins have we mined?

paladon

member

Activity: 85

Merit: 10

Quote from: Jurek on October 10, 2012, 04:09:37 AM

Any news? Did you get your shareholders informations from nefario? Did you try to contact him?
I am not going to submit him any informations, but it shouldn't be an issue as I use the same username both here and on GLBSE.

No still no information and no respond of nefario Sad

Jurek

member

Activity: 117

Merit: 10

Any news? Did you get your shareholders informations from nefario? Did you try to contact him?
I am not going to submit him any informations, but it shouldn't be an issue as I use the same username both here and on GLBSE.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: paladon on October 07, 2012, 04:12:33 AM

No PGM didn't invested in assets in GLBSE, PGM's hardware is still live and generating BTC. I only had a small change of the latest dividend payment (<0.1btc) in GLBSE when it went offline. I guess DutchBrat is talking about FDBF but that is a different operation.

@Jurek: Of course I will look in all possible means to let PGM go to a new trading system. But at the moment we have first to get more information of GLBSE and the way the shutdown goes.

Yes, sorry, was late at night and posted in the wrong thread/responded to somthing I tought was in a different threadh

paladon

member

Activity: 85

Merit: 10

No PGM didn't invested in assets in GLBSE, PGM's hardware is still live and generating BTC. I only had a small change of the latest dividend payment (<0.1btc) in GLBSE when it went offline. I guess DutchBrat is talking about FDBF but that is a different operation.

@Jurek: Of course I will look in all possible means to let PGM go to a new trading system. But at the moment we have first to get more information of GLBSE and the way the shutdown goes.

RandomQ

hero member

Activity: 826

Merit: 500

Quote from: DutchBrat on October 06, 2012, 05:25:12 PM

Quote from: Jurek on October 06, 2012, 01:03:38 PM

You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums...

Some of the assets the fund invested in may choose not to honor their contracts or they may choose not to get identified toNefario.... They will be wortjless,whereas other investments might not list on another exchange

So how do you propose they do a buyback ?

Going to take a lot of time to figure out what the next step will be....

Are you saying that you had PGM's BTC invested in assets on GLBSE?

Jurek

member

Activity: 117

Merit: 10

What fund are you talking about Huh

Paladon Green Mining is a mining company, not a fund. We, as shareholders, are coowners of Paladon's ASIC. We have to have a way to withdraw as we won't be able to TRADE our shares, which is VITAL to any investment made on stock market.

DutchBrat

hero member

Activity: 868

Merit: 1000

Quote from: Jurek on October 06, 2012, 01:03:38 PM

You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums...

Some of the assets the fund invested in may choose not to honor their contracts or they may choose not to get identified toNefario.... They will be wortjless,whereas other investments might not list on another exchange

So how do you propose they do a buyback ?

Going to take a lot of time to figure out what the next step will be....

Edit: sorry, late at night and posted in the wrong thread

Jurek

member

Activity: 117

Merit: 10

You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums...

paladon

member

Activity: 85

Merit: 10

Quote from: Jurek on October 06, 2012, 03:29:14 AM

What happens now? Are you offering buyback?

Waiting for more information from Nefario. As soon as I know who has how many shares and I have a pay-out adress I can continue paying weekly dividend.

Jurek

member

Activity: 117

Merit: 10

What happens now? Are you offering buyback?

paladon

member

Activity: 85

Merit: 10

Quote from: Jurek on October 03, 2012, 09:13:44 AM

Well we will see about the 'decrease of the bitcoin output' when ASICs start showing up. Why are you so confident about it? I was under the impression that with ASICs even when reward halves everything will stay about the same (for these who upgrade).

Yes true. I mean at the moment the bitcoin output is decreasing. Of course when the ASIC upgrade comes the output is increasing I hope.

Jurek

member

Activity: 117

Merit: 10

Well we will see about the 'decrease of the bitcoin output' when ASICs start showing up. Why are you so confident about it? I was under the impression that with ASICs even when reward halves everything will stay about the same (for these who upgrade).

paladon

member

Activity: 85

Merit: 10

Quote from: Jurek on October 03, 2012, 07:58:40 AM

Paladon it looks like you should do a litte update

Are you going to set up these solar panels? Have you decided on the new expenses %?
BFL says they will deliver 60, not 40 GH/s, so you should adjust your % at least accordingly.

True thanks for asking

At the moment I will keep the expenses % at 25%. Because of the change of the difficulty (and decrease of the bitcoin output) this % will need to increase in the future. But at the moment I will not do that and pay ~75% of the output. I have looked into the solar panels and at the moment it has a payback time of about 8-10 years. This is not very bad, but the investment decision is not made yet.

True BFL now says that the upgrade is 60Ghz. Of course if the upgrade is producing this output the expenses% will change and I will make a new calculation of the expenses %. It that time I will need the definitive power specifications of the Single 'SC'.

Jurek

member

Activity: 117

Merit: 10

Paladon it looks like you should do a litte update

Are you going to set up these solar panels? Have you decided on the new expenses %?
BFL says they will deliver 60, not 40 GH/s, so you should adjust your % at least accordingly.

paladon

member

Activity: 85

Merit: 10

Weekly dividends paid!

Total paid 0.6692371 BTC
Total shares 427
Payment per share 0.0015673 BTC

paladon

member

Activity: 85

Merit: 10

Weekly dividends paid!

Total paid 0.7115955 BTC
Total shares 427
Payment per share 0.0016665 BTC

paladon

member

Activity: 85

Merit: 10

Weekly dividends paid!

Total paid 0.7214165 BTC
Total shares 427
Payment per share 0.0016895 BTC

Topic: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) (Read 4464 times)