Jtme - page 3. | Bitcointalksearch.org

Francesco

sr. member

Activity: 252

Merit: 250

Just wondering, how much would a Pirate default somewhere this month cost us?
Today I decided to take out my calculator, and: at 7% a week, to generate 2,4 BTC last week you had to deposit around 35 BTC. A loss which would be covered with about four weeks of no dividends, if net mining revenue is 8,5BTC a week... which is not so bad as I feared, 4% is enough to take the risk after all

But are my calculations right?

AngryCatfish

member

Activity: 104

Merit: 10

Quote from: ?? on ??

I'm on the fence, should we order a FPGA BFL single or more GPU gear??

Did you ever decide?

Does the gpu offer anything over a single?

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: ?? on ??

I don't see the price per share as having any effect on the risk, lol Wink

.

I didn't say the price has an effect on the risk.

I'm saying the price is, to me, not worth the risk. And the market agrees. Over a full day after your IPO and only 50 BTC have been invested and those were all from the same person. Also the buy side is 10 at .1 = no demand.

Just sayin'

bitcoiners

sr. member

Activity: 322

Merit: 250

Quote from: silverbox on July 03, 2012, 12:58:45 PM

Funds will be held in Pirate pass thrus drawing interest until purchases of ASIC's are made.

And this is where you lost me. If I wanted to "hold" my funds in pirate I would.

So basically I'm at two HUGE risk factors? Pirate and "getting lucky" with ASIC?

You don't see 1 BTC as a little high for taking the risk we're taking?

MrTeal

legendary

Activity: 1274

Merit: 1004

So would it be fair to say that between now and October (or Nov, Dec, whenever).. that this operation will essentially be a Pirate Pass Through at half the return rate? Will the extra half be kept by the company or by you? If Pirate defaults, with the Mining Company be wiped out?

Philj

sr. member

Activity: 388

Merit: 250

Hope you're already on the ASIC waiting list, otherwise its going to be tough to break in to this market at this point. Best of luck to you though.

PsychoticBoy

donator

Activity: 1904

Merit: 1010

Parental Advisory Explicit Content

Another Mining Company Cheesy

Watching

silverbox

legendary

Activity: 966

Merit: 1003

It is with great regret that I must announce JTME is closing.

Due to circumstances beyond the operaters control (GLBSE closing) we will be shutting down and selling off the equipment per the

contract.

A buyer has been found and the equipment sold.

The proceeds will be disbursed to the shareholders per the contract.

The process to identify shareholders is still unknown, once it is known, we will determine how to disburse funds.

12/5/12 I have received a list from Nefario, of the 542 outstanding non operator shares 441 are accounted for. I'll be sending out confirmation emails shortly.

12/6/12 Updated list, 493 account for of 542.

1/6/13 I received a complete list on 12/28/12 accounting for all 542 outstanding non operator shares. I have sent out email today to all 35 shareholders. If you were a shareholder and didn't receive a email, please contact me, otherwise your payments should be forthcoming later this week. Sorry for the delay, I've been very busy in the non BTC world.

Topic: Jtme - page 3. (Read 12343 times)