Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 12. (Read 84432 times)
Buy the shares and reap what rewards we can. We're not made whole, let's try for it. The only place to go is up from here anyway...
As a side note, I think we should take advantage of the opportunity to liquidate at a high USD price while it presents itself later this month after ASIC shares pay out. By my math, we'll have around 1200BTC a month gained from these shares (at the current difficulty), and then selling them at 1BTC a share (I'd imagine they'll rise to this amount after they start paying out their dividends) would basically net us the remaining funds owed, and then anything else we recover can be used to be paid as "profit" to the shareholders.
Optionally, I think it would be reasonable to allow people to deduct what the fund owes them in exchange for shares being transferred. In that manner, both sides get what they want
It may be silly to be looking at this from USD standards, but I think it is fully realistic to take the possibility that the price could crash into account with the current market depth: http://bitcoin-analytics.com/
It's not Ludvig's job to worry about that, but, personally, I'd be happy with getting the money out If the depth increases, I won't worry about it.
Optionally, I think it would be reasonable to allow people to deduct what the fund owes them in exchange for shares being transferred. In that manner, both sides get what they want
It may be silly to be looking at this from USD standards, but I think it is fully realistic to take the possibility that the price could crash into account with the current market depth: http://bitcoin-analytics.com/
It's not Ludvig's job to worry about that, but, personally, I'd be happy with getting the money out
If the depth increases, I won't worry about it. 
The more this is discussed, the more I would prefer to just liquidate the assets (0.7 BTC/share or higher) and forget about mining. Let's take what we can get and move on.
Yea I would like to see this one closed up as soon as possible. It has been closing for too long. If we start mining that is a whole new set of risks and a huge management issue which we should not bear at this time. Let's keep it simple.
I would prefer not to purchase any more shares
The more this is discussed, the more I would prefer to just liquidate the assets (0.7 BTC/share or higher) and forget about mining. Let's take what we can get and move on.
How do we raise the extra needed BTC?
That is an interesting question, how can it be done fairly for all holders. I think it might be impossible to ask for all share holders to pay in X btc equally.
Also unfair that others might be forced to contribute more to get it done, and not get fair compensation.
Can't really sell additional shares of the fund because then those shares would get unfair access to the other debts and decrease current shareholders value.
The only possible method I see, is if someone lent the fund the remaining 160ish needed btc to buy shares, and the fund agreed to pay them back with a set interest rate.
This would wipe out the 120btc currently in hand and create a debt of 160btc(+interest) for 400 more shares of AM and to be "given" a test board that has a hashrate of (??)mh at some later time not yet disclosed.
I think it would be hard to get people to agree to that though, at least in a high majority fashion. By doing this, it is actually almost like continuing the fund and less closure.
Thanks for the update Terra!
I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
Yea I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
,I would be happy to host the board for the fund, and pay out any profit it makes until the fund has been paid back and finally closed.
What do you guys think of the idea of buying the 400 shares?
It would currently cost us about 280 BTC, we currently have 120 BTC from the ASICMINER dividend.
//DeaDTerra
Great plan. Let's buy those extra 400 shares.
How do we raise the extra needed BTC?
And as lenny asks, we should be sure that this ASIC unit is going to be worthwhile, and what we do with it once the fund is paid out and closed.
What kind of device it gonna be? Is it guaranteed to receive it after buying 5k shares? What's the hashrate?
We need to determine is it worth it or not.
You guys we're saying about selling ASICMINER. And look - we already cashed out 120 BTC dividends. Keep it going
We need to determine is it worth it or not.
You guys we're saying about selling ASICMINER. And look - we already cashed out 120 BTC dividends. Keep it going
Thanks for the update Terra!
I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
Yea I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
,I would be happy to host the board for the fund, and pay out any profit it makes until the fund has been paid back and finally closed.
What do you guys think of the idea of buying the 400 shares?
It would currently cost us about 280 BTC, we currently have 120 BTC from the ASICMINER dividend.
//DeaDTerra
Thanks for the update Terra!
I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1!
What can we do to make that happen?
Buy shares of G.ASICMINER-PT and transfer them, or what?
I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
I have got some more information on ASICMINER and I have decided that the best option for now is to keep the shares and wait.
Cashing in dividends mean while.
As for gigamining, you can't sell the shares so there's no selling option there.
//DeaDTerra
Cashing in dividends mean while.
As for gigamining, you can't sell the shares so there's no selling option there.
//DeaDTerra
I would prefer not to hold anything for nine months, especially when its value is so high. With the recent uptick in BTC price, I would be for their sale if that is agreed upon.
Here's another thought: With the Gigamining shares in recovery, I presume you will take the free Teramining upgrade path once BFL delivers. Teramining will be running for nine months. As Giga- and Teramining can not be sold or transferred, why don't we keep everything we got now and get the various dividends from each and dismantle when Teramining is closing. That'd be the least hassle for you as well.
If you put them all up at 0.7, will they get 100% of any future dividends while they are waiting to be sold? And these dividends will, of course come back to GBF.
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
+1 agreed.
Whilst I would not like to see them sold now, with the currrent hype (and glancing at the auctions forum and btct.co) we should be able to get more than 0.7.
If you put them all up at 0.7, will they get 100% of any future dividends while they are waiting to be sold? And these dividends will, of course come back to GBF.
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
G.ASICMINER-PT should already have enough shares for a test board. It just needs Terra to confirm with Friedcat now I think.
As for the mining board dividends, it seems that the board will mine on a pool, and pay out 95% of earnings to all held G.ASICMINER-PT shares equally.
If the shares are moved to G.ASICMINER-PT, then I would hope that any dividends earned while they are there are passed on to GBF. Not sure where else they would go.
Also since there is no dividend fee on G.ASICMINER-PT there should be no loss.
As for the rest... that's all I got.
It's not easy to say exactly what the dividends will be.
Deprived explains some of it here:
https://bitcointalksearch.org/topic/m.1583279
and here:
https://bitcointalksearch.org/topic/m.1583343
Dividends will probably be paid on Thursdays, I don't think anyone knows how much each dividend might be.
Deprived explains some of it here:
https://bitcointalksearch.org/topic/m.1583279
and here:
https://bitcointalksearch.org/topic/m.1583343
Dividends will probably be paid on Thursdays, I don't think anyone knows how much each dividend might be.
Please do not sell, as least not mine part. Lets wait for dividends first! We can have cake and eat cake.
What are we anticipating in terms of dividends? And future dividends? Does ASICMiner intend on paying out dividends indefinitely?
While I would like to divide the shares, I think it's too much work which will go in to it and I know that several investors. Invested in the fund as they didn't want to deal with exchanges and assets themself,
Hence I think it's best if we do as we have previously done and sell the shares and payout the bitcoins made.
Then each person can decide what to do with this payment, if you think ASICMINER is a good investment, then you can buy the shares on BitFunder
I am thinking of putting up all the shares at 0.7 BTC,
What do you guys think?
This will enable me to pay out about 50% more of the total fund amount, which will bring us up to 70%.
//DeaDTerra
Hence I think it's best if we do as we have previously done and sell the shares and payout the bitcoins made.
Then each person can decide what to do with this payment, if you think ASICMINER is a good investment, then you can buy the shares on BitFunder
I am thinking of putting up all the shares at 0.7 BTC,
What do you guys think?
This will enable me to pay out about 50% more of the total fund amount, which will bring us up to 70%.
//DeaDTerra
Please do not sell, as least not mine part. Lets wait for dividends first! We can have cake and eat cake.
If you put them all up at 0.7, will they get 100% of any future dividends while they are waiting to be sold? And these dividends will, of course come back to GBF.
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
If that's the case, then I think it's a good idea to put them up for sale. I think it could be a while until they sell at that price.
But can you explain more clearly the "Supplemental dividend plan". What you have written on the Bitfunder profile isn't very clear.
What concerns me is that it seems like you will be getting an ASICMINER board seat and hence an ASIC mining unit, if I understand correctly, through selling off our GBF shares. Or am I wrong? Will this benefit GBF, or just you, or just holders of the G.ASICMINER-PT shares?
If you were to distribute our shares amongst GBF shareholders as G.ASICMINER-PT shares, wouldn't we then get any future ASICMINER dividends, plus the "Supplemental dividend", plus of course any profit if we wished to sell our own shares.
Wouldn't this be a much better deal for GBF shareholders?
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