Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 46. (Read 84476 times)

Sorry I think that venture is to big and to late to be profitable in the Bitcoin sense. It might be profitable in USD in the long run but never in BTC, you won't get the mining operating fast enough to make it profitable before the 25BTC cut and then it goes downwards. It might be profitable in the USD sense as you will have a major hash power once the IPO is out but I think it's to big to be profitable in BTC, as you are fighting a clock against the block reward downsizing :8
//DeaDTerra

Well, then you should hope I go ahead with DMC. Remember to vote in the new poll: https://bitcointalksearch.org/topic/im-starting-diablo-mining-company-but-how-much-should-the-initial-ipo-be-for-78919

Thank you I will do my best
It's mostly the increase in share price from the new assets on GLBSE.
//DeaDTerra

I would like to but I don't have the experience or knowledge about hardware to run a mining company
//DeaDTerra

Day 2 and we're at 2%… Nice going, hope you can keep it up ^_^

Honestly, I wouldn't invest in GPUs. Go buy yourself a dummy box to run Bitcoin on (if you dont already have a 24/7 box) and buy one of the quad Spartan 6 boards, ZTEX has the 1.15y (~$1300), Enterpoint has one coming out real soon, and BTCFPGA has their Modminer (~$1,000).

I'd authorize a loan for that. You'd have about 800 mhash 24/7. 5% interest would probably be enough to cover it.

Edit: Actually, on second thought, why not just start your own mining company? 50% of output after electricity costs for life of hardware bond. I'd go for that.

Yeah, but I'm one of those investors, and I'm like, 100 times more awesome than any generic Gamma investor.

Okay seems like I will just use my own capital.
//DeaDTerra

Hello DeaDTerra,

I too believe they are more profitable investments than mining (or the loan will be very expensive for you )

Raphy

Okay I do have the capital to fund it myself, but I just wanted to check if it were something the investors were interested in funding.
//DeaDTerra

I believe there are more profitable opportunities for investment these days.  Mining margins are pretty thin.

Okay this is one suggestion , so I mine with my 900 mhash for 100-120 days and after that independent on the movement of difficulty etc It's considered paid back. The problem with this is that it will be effected by the difficulty increase :8 which seem to be up atm.

I would suggest that you just mine for the fund for X days (maybe 100-120 days or so?) and treat it as a mining contract investment...

Hello!
Another week is about to start and Gamma Bitcoin Fund has grown to the size of 3600 Bitcoins, this is great
This week, I will be focusing on optimizing and getting out bots up and ready, the arbitrage is still not performing as good as we want,so the developer and I will be looking to optimize it before we add any substantial volume. I will also be working on a couple new startup projects with Jonathan, so hopefully we can get some shares from those startups and help get them off the ground
I would also like to note that I have changed the way I take the share prices on GLBSE, I now use the 24 hour average to get a more accurate reading.

I would also like to get the investors opinion on me taking a personal loan from the fund. This loan would be to purchase a motherboard+cpu+ Ram for my new mining rig. I have already purchased a chassi, a PSU and two 5850s, but due to that the Motherboard and CPU I purchased second hand is not working. I need to purchase new once, so I would like to suggest a 50 BTC loan for me to get a 2x5850 rig up and running
I would purchase
http://www.inet.se/produkt/1902197/msi-z77a-g43-atx
http://www.inet.se/produkt/5304228/a-data-1gb-1x1024mb-cl9-1333mhz
http://www.inet.se/produkt/5310006/intel-pentium-g630-dual-core-2-7ghz
946+96+596= 1638 Kronor
or
244 USD
Which correlates to 49 BTC, so lets say a even 50 BTC to include trading fees etc.
The 2 5850s will pull 700 mhash and I have another rig doing 200 mhash to a total of 900 mhash.
900 mhash 24/7 is 0.6 BTC per day at the current rate
So I would be able to pay back in 83 days

Please speak your mind of this loan and also suggest a % interest for this loan.

//DeaDTerra

1) Currently I have a total of 39 Investors, they have been joining in about 5-8 new investors each week. Mostly people invest small sums like 10-20 BTC to then increase it the following week when they get their profits paid out
2) This is probably due to that only 10 out of these 39 investors have chosen to get their profits paid out, the rest has chosen reinvestment
I would appreciate and be very grateful if when you get your profits paid out, post here and also rate my OTC account. That way new investors can see that the fund is run in a good way.
Best Regards
//DeaDTerra

Hello,

I invested 50 btc two days ago. I asked to reinvest the profits so I won't be geeting any payments soon, but I will follow closely progress made by others.

Raphy

Awesome, thanks Goat 

I assume there will be more people chiming in with similar feedback... thanks in advance.

I'm interesting in investing. I saw your post over on the bitcoin Reddit recommending your fund.

I'm not actually even remotely suspicious (not like I'm gonna invest more BTC with anyone than I can afford to lose anyway), but just for the sake of due dilligence/curiosity...

(1) DeaDTerra, how many investors do you have? And at what rate have they been joining up?

(2) Would any Gamma investors be interesting in testifying that they're received timely payments and good service? I haven't seen many (actually, any) posts to the effect of "hey, this works great!" in this thread.

great thanks for your investment
//DeaDTerra

No problem - sorted for this week and next.