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Topic: [Havelock Investments] - Havelock Mining Fund (HMF) - page 5. (Read 19431 times)

legendary
Activity: 1372
Merit: 1000
For those users not on twitter
Updates to the doss are posted here:

https://twitter.com/canadianbitcoin
newbie
Activity: 48
Merit: 0
The purchase of the AM blades were just to tide people over until BFL shipped. Even though May had a negative income whence factoring in cost of blades, that money came out of the amassed reinvestment fund.  50% of mining revenue is always paid out as dividend. Smiley


The singles are coming the singles are coming!!!!
hero member
Activity: 544
Merit: 500
I can't seem to find it written down anywhere. Can someone clarify how the other 50% is divided up?

See here: https://www.havelockinvestments.com/fund.php?symbol=HIM#ui-tabs-6

The management fees seem to have a wide variance month to month, and there have been a few months where the fund has operated as a loss, but pushed out a dividend anyway (May's income was -BTC236! due to blade purchases).

Truthfully, given all the screaming people have been doing about AM blades and ROI, I'm very curious to see what this fund is going to look like in a few months.

I did see that and the other monthly statements, I was just wondering if it was a set fee each month for management expenses?
newbie
Activity: 30
Merit: 0
your website is down...what happened?
legendary
Activity: 1554
Merit: 1009
I can't seem to find it written down anywhere. Can someone clarify how the other 50% is divided up?

See here: https://www.havelockinvestments.com/fund.php?symbol=HIM#ui-tabs-6

The management fees seem to have a wide variance month to month, and there have been a few months where the fund has operated as a loss, but pushed out a dividend anyway (May's income was -BTC236! due to blade purchases).

Truthfully, given all the screaming people have been doing about AM blades and ROI, I'm very curious to see what this fund is going to look like in a few months.
hero member
Activity: 544
Merit: 500
 from fund overview
Quote
Our dividend will be approximately 50% of total mining revenue, with the other half going towards expenses and reinvestment in new hardware. The eventual goal is to increase the dividend over time.

I can't seem to find it written down anywhere. Can someone clarify how the other 50% is divided up?

obviously expenses and reinvestment  Tongue  but i'm trying to get a handle on 'expenses' that can be a rather broad term. Does the fund take a fixed % for this each month and is this the 'management fee' as included in the financial spreadsheet?  (last month 05 seems to be approximately 10% management fee) 

thanks
 

full member
Activity: 196
Merit: 100
Not only is this an ILLEGAL SCAM FUND but it is also an ILLEGAL AND SCAM EXCHANGE.

Where are your licenses? You must display them.  THIS IS A SCAM AN ILLEGAL. You will be under arrest soon.
Im sure they are terrified of you, random person on the internet
full member
Activity: 212
Merit: 100
shipping should start soon..

I know lightbox is excited Smiley

So excited. 3TH coming soon!
newbie
Activity: 48
Merit: 0
shipping should start soon..

I know lightbox is excited Smiley
full member
Activity: 182
Merit: 100
Is there a number to be had for the amount of hashing power purchased?

We have around 1.8TH on pre-order (30 BFL Singles)... with some of the pre-orders within the first few days of being available to order.

Cheers,
 James


Thank you sir.  Nice start. Then it's just a matter of BFL coming through.
full member
Activity: 212
Merit: 100
Is there a number to be had for the amount of hashing power purchased?

We have around 1.8TH on pre-order (30 BFL Singles)... with some of the pre-orders within the first few days of being available to order.

Cheers,
 James
full member
Activity: 182
Merit: 100
Is there a number to be had for the amount of hashing power purchased?
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.
I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:
Quote
Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

[email protected]
613-686-1661 x101

Yes I saw this I thought maybe there was something with more detail than "a lot of hashing power".  I am member of another one of these types of "funds" and we are over 1 TH. I am looking to spread my investments over more than one opportunity and was looking for more specifics.

 Wink
full member
Activity: 182
Merit: 100
I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:
Quote
Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

[email protected]
613-686-1661 x101

Yes I saw this I thought maybe there was something with more detail than "a lot of hashing power".  I am member of another one of these types of "funds" and we are over 1 TH. I am looking to spread my investments over more than one opportunity and was looking for more specifics.
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.
I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?

Use the updates tab here.

From their Feb. 20th update:
Quote
Things are still chugging along, and we're happily mining away on our FPGAs -- With all the ASIC delays, the FPGA's have turned out to be much more profitable with a longer lifespan than we had originally anticipated. That said, with BFL shipping "soon" I wanted to assure everyone we are well positioned in their pre-order queue to receive a lot of hashing power very soon.

...

If you have any questions, please don't hesitate to contact us.

[email protected]
613-686-1661 x101
full member
Activity: 182
Merit: 100
I see you split your stock today. Making if affordable to the newb such as me again.

But what I can't seem to find is a purchase plan or orders for ASICs.  And how the project is going?
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks

reading past updates appears to answer my questions  Tongue
so never mind...
Gr8 fund! i feel confident holding some bitcoin with HIM  Smiley
The way I see it - HIM has been managed well for a while now, and is likely to stay ahead of the curve. The uncertainties related to ASIC suppliers are pretty much the same for all miners, except ASICMINER to some extent.

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks

reading past updates appears to answer my questions  Tongue
so never mind...
Gr8 fund! i feel confident holding some bitcoin with HIM  Smiley
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I would like to ask you to write up a little update on the HIM fund
I'd be interested to know just how heavily invested in ASIC are you?  BLF pre orders etc...
what would happen to HIM if BLF ran off with everyone's money?
Do you plan on selling more units when ASIC start to come in?
what's up with HIM in general?

thanks
full member
Activity: 212
Merit: 100
is there a thread for feedback on havelockinvestment.com not regarding the mining fund?

No but that's a great idea, so yes now there is!

https://bitcointalksearch.org/topic/havelock-investments-exchange-feedbackcomments-135035
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