Topic: [Investment fund] Gamma Bitcoin Fund [Closed] - page 48. (Read 84476 times)

Confirmed, thank you for the investment
//DeaDTerra

OK, so I'll take a little risk on this one, see how it goes. 20BTC on the way after PM w/ DeaDTerra on irc.

I have sent a payout address, and will look forward to the returns

Availability has been updated Invest while you can!
//DeaDTerra

The profits have been calculated and sent out, the profit for this week ended on 1.91475% in profit. The availability has been updated to 415 BTC for next week
//DeaDTerra

The profits for this week will be payed out tonight for the people that have chosen to have their profits payed out and reinvested for the people that have chosen reinvesting The current profits looks to land about 2.5% profit for this week which is slightly higher then average, I am very happy about this as I thought it would be lower due to the time it took the get the BTC into the different investments, but apparently the patients has payed off.

I am now taking in more investments, this week I will be accepting 500 more BTC out of 60 has already been booked, if you want to invest some BTC please contact me with a Alias and a payout address
//DeaDTerra

Read the contract. The shares entitles dividends of half of what the pool produces, not a fixed amount.

Lets say, oh, 10 years from now, 12 or 16nm FPGAs are too expensive to hash with, I can still be running 28nm or higher processes purely on solar and be mining, effectively, for free, and not only that, I'd probably be mining most of the Bitcoins.

This is a very long term investment project, and I think this is going to be the only way to keep profiting a decade from now.

Get $5 million then... if you spend 1 million BTC on mining equipment, I don't really see a way to get this 1 million BTC back with mining. You will make earnings in USD, but not in BTC imho, so investing BTC in a company that uses BTC to buy equipment in USD to generate BTC would only be a good idea if the price of BTC vs. USD is falling. Otherwise it would make more sense to sell your shares OTC for 5 USD each and value them at 1 BTC after the IPO sold out.

I am not here to criticizes you but I recommend you take a good think about this and if you can handle such a big company. I would recommend to start smaller to begin with You can always expand later
//DeaDTerra

1 million BTC is over $5 million dollars at current market prices. $5 million dollars is enough to, say, build out a small scale DC, install a small amount of solar* to deal with the possible future where even the most efficient FPGAs are too expensive to run.

* The cost of solar is not the panels, but the batteries. If I consume all the solar power the panels produce, I don't actually NEED the batteries.

Already have a thread for it here: https://bitcointalksearch.org/topic/diablo-mining-company-77469

Ehm, I will have a look but from my point of view it's doomed to fail. Do you even have the facilities,experience and drive to run such a project? And I doubt that you will be able to fill a 1 million BTC IPO :8
sorry m8 it just sounds very silly.
//DeaDTerra

So, guess what I finally decided to do? I'm going to IPO my own mining company on GLBSE, ticker DMC.

I'm seeking 1 million BTC to make this the largest mining company ever. Some people think I'm insane, and, who knows, I might be. But its worth a try, right?

I am very sorry for the delay in the update of the log book and asset holdings ,it was my birthday yesterday so I decided to take the day off. I have now updated the whole order book on GLBSE,looked over the bots and positions/orders on the exchanges. The delay should not effect the profit, as it looks now we will end this week very strong with higher then average percentage, due to some very nice purchases of shares yesterday. For more info check the log book, I am working my way through and will soon start to payout the profits
//DeaDTerra

A little update on the ID verification thing, I have talked to CryptoxChange and I am going to verify me through them. They will keep my real ID information private but if something happens (I run away with the money etc) then that information will be released to the public. Do you guys want Nefario to verify my ID as well or is it enough with one verification source?
If you are a potential investor/current investor, please voice your opinion in this matter, as it's my job as fund manager to make you feel safe and welcomed
//DeaDTerra

A good first day . I have started to invest and find investment opportunities for our current capital. I was not prepared for such big amounts of capital xD so this is all a bit sudden for me but I sound be able to have most of the capital invested by tomorrow. For more update on my current plan and what has been done so far check the log book.
//DeaDTerra

Yeah, but when will GLBSE get driven underground because its not Tor proxied and people know who the owner is

That is a possibility but I would rather like people to be able to choose for them self if they reinvest or if they want to get dividends. Which is one of the reasons why I have decided to keep things manual for now, also there is a problem when/if the fund runs on a negative profit. Who will stand for the loses and how?
//DeaDTerra

Yea I do agree. Even though it sounds like a great system it's just a bit to much effort, I would rather focus on the investments them self then to make sure the orders on GLBSE are correctly placed etc. It's possible I will open up on GLBSE if we have enough interest and I can figure out a way to create a solid system that works with GLBSE. But for now I will keep it out of GLBSE.
//DeaDTerra

Without an API on GLBSE and probably lots of changes upcoming (also in page design) it could be a bit early for that...

Yes, in the future I hope to automate quite some things on GLBSE and other pages, but I think that's a better project for the summer than right now.

It might also be possible to just have a motion each week or each month "Do you want to have a dividend or keep the money in the fund?" and pay dividends only if requested by shareholders to keep payouts + bookkeeping (wow, 3 times a double letter in a row!!!11) lower ond DeaDTerra's end. It might still be nice to have a theoretical payout value each week though for advertising reasons.

Sounds like a job for.....a computer program.

Would it be ok for you to have a kind of "sub fund" on GLBSE?

I could imagine opening a ticker there with, let's say, 5000 shares @ 0.1 BTC each and then investing the 500 BTC from the IPO to your fund. Dividends/profits I receive from you would then be spread back via GLBSE to share holders. This would enable users to buy small quantities of this fund to gain trust and keep their risks low as well as relieving you from micromanaging tiny/small accounts.

I personally would keep ~1% of the earnings to make up in time for the 8 BTC that a ticker symbol costs and my time that I invest each week for that. 1% is low enough to have hourly rates that would make someone from a third world country laugh probably, but I see it rather as a hobby than a way to earn serious money anyways. Of course I'd publish a balance sheet and stuff, but I would not verify with GLBSE (I don't like the idea of having my name and address on a HDD in the UK, encrypted or not...). Maybe someone else would do it for less?

The only problem I see is with people wanting to cash out on the fund, as it seems there are no real dividends and one rather has to withdraw funds to get money.
I might need to cash out every week or month, distribute dividends and immediately invest the 500 BTC again. This might be disruptive to your operations though, so it's your call on that...