Topic: My plan to get some free btc (sorta) (Read 1720 times)

Pool mining is the most effective way to get free btcs.

no need, you can go to the IBB thread to view the monthly report https://bitcointalksearch.org/topic/m.774124

If your thinking of using the GLBSE you might want to check this related CoinConnect group - http://www.coinconnect.org/groups/profile/5908/glbse - where you will find other interested parties and info on how to set up your GLBSE account and how to use the service.  CoinConnect is the first Bitcoin social network and you can join the site using your Facebook, Google, Twitter, OpenID logins or anonymously.

Not really - it was just a way of getting to understand how glbse worked. It's not a bad choice as on a per BTC level, it gets between 0.5-1.5% return.

I started playing with 1BTC back in January, and really it was playing. I bought 3 FPGA.contract, for about 0.32 and sold at 0.35, after getting 0.03146505 in dividends.

deposit into glbse, 1.0BTC
bought FPGA.contract [email protected] -0.96

5 dividend payments of
3 @0.00206794 0.00620382 Mon 2 Jan
3 @0.00170361 0.00511083 Sun 8 Jan
3 @0.00226625 0.00679875 Mon 16 Jan
3 @0.00210994 0.00632982 Sun 22 Jan
3 @0.00234061 0.00702183 Sat 28 Jan
 
total +0.03146505
sale FPGA.contract [email protected] +1.05

                   balance
-0.96            0.00
+0.00620382 0.00620382
+0.00511083 0.01131465
+0.00679875 0.01811340
+0.00632982 0.02444322
+0.00702183 0.03146505
+1.05           1.08146505

so that is a 0.12146505BTC return on the initial 0.96 over a 5 week period.

a couple of hours after I sold the price rose to 0.3999. which would have been +1.1997 and a return of 0.27116505

To be honest, this would only work for a few BTC maybe 5 at most for the 0.3+ listed, maybe 1-2btc for the <0.15. Watch for when div payments are made, as you can buy after this cheaper for some who are also playing who are selling cheap. Div payments can only be seen by following the threads of each share, unless anyone knows of a way to see it in GLBSE, API? Anything higher and I would suggest much better research, and look at the %ROI, 30 day trade, and the co. performance.

for example my selling an IBB share I bought on 19/02 at 0.15 and sold on 21/02 at 0.20 was good (33.3%) and would have netted an 0.005 div payment yesterday, (3.3%), whereas if I bought at current ask (0.5) then it would be 1% which is around what most mining co.s pay -  but that's a monthly div against a weekly div.That was pure luck.
Buy just before the month end and you can guess what IBB will be paying by checking the lending forum, and seeing if you can spot the gratuity payments they get. Right now I have an open order for IBB, [email protected] - It's unlikely to happen and I could spend that 0.3 on something else but I'll give it a few days to see what movement occurs.

However I bought MergedMining at 0.131 which is now at 0.139 (+6%), with a div of 0.001.

if you want to do it properly track the trades through the API and the twitter.com/GLBSE feed. Buy 10 0.3+ shares and a div will cover 1-2 0.1x shares to purchase.

This all looks good but I haven't lost on the scam trades, or the LIF. (very nearly bought), or bought high and had the share price drop. I have however taken a "risk" on BTCSYN, as that's still in IPO.

So all in all,  1 BTC will get you terrific gains and losses, depending on the bid/ask at any given moment. You may have to wait weeks for a given share to be a worthwhile investment, but can give substantial return is there is a wild separation in bid/ask eg. currently IBB is ask 0.5, bid 0.2, last trade 0.2999 (1 share). 10+ BTC will give steady return if the shares were bought at a good price, and you use the dividends to reinvest.

It may also be worth noting that now that the BFL single is out and into the hands of early adopters, the GPU farms might crash in 3-6 weeks - though most have purchased BFL units and therefore increasing the hash rate, therefore increasing the payout, therefore meaning that you should buy now whilst cheap on a MH/share.

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Anyone want to chime in with trust levels?  Where is bitscalper on the list? (Just Kidding!)

have something like 0.030 in there, but that's completely offset by winning 0.7BTC at bitcoin-kamikaze.com, from an identical stake of 0.03. (though for some reason that site isn't accepting deposits, or at least isn't giving me a deposit address.)

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I will have to give this a try.

Good luck.


As always, none of this is advice - I may have been drinking, having a brain fade or even gotten out of bed the wrong side. E&OE, full-contact rules apply, no purchase necessary. #include


marked

im trying to aswell but im mining lite coin then converting , not gonna be able to get a decent stock until next week other then senbonzakura's present (p.s thnx again dude u rock)

Wow this is fantastic!

Marked, do you spread your investment across them for diversity's sake? 

Anyone want to chime in with trust levels?  Where is bitscalper on the list? (Just Kidding!)

I will have to give this a try.

Nice, unfortunately I recently sold my 0.15  purchased share for 0.2 ...

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Asset Id   SDM
Max Bid   0.0000000 BTC
Min Ask   0.0500000 BTC
Issues   10000
Last Price   0.0600000 BTC

there are currently no bids 08:05UTC

marked

thanks ! , both shares sent, enjoy and good luck

yes, giving it to him so he can play with it, and maybe even sell for 0.06 , last price was 0.06. many people still hold these shares.

thnx sent u my id

Is SDM Shakaru? Isn't his mining corp closing?

Freerolls on Seals too!

if you are serious about investing in glbse.com , send me your user-id (if you havent registerd yet , sign up) and I will send you 1x JLP-BMD and 1x SDM shares as a gift

Alternatively, or as well as, you might also look at

Free BTC
Daily Bitcoins which gives away a minimum of 0.001 btc once per 24 hours, with additional prizes ranging up from that.
bitcoin faucet 0.05/0.005 depending on the reserve. Google account required
Bitcoin Dispenser
Bitcoin Faucet 0.01 Required to enter a code sent by SMS.

paid tasks.
Coinworker Get paid to do tasks, similar to Amazon's Mechanical Turk



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thanks guys wasn't expecting so much advice sweet 

My list of the frequent paying and those I have shares in are

Ticker |	Share Price |	Dividend paid |	Last dividend paid |	Next dividend due [eta] |	Comments
Weekly
BMMO	0.394	0.0036	[19/02/2012]	26/02/2012
MergedMining	0.13975	0.001	[25/02/2012]	04/03/2012
FPGA.contract	0.37-0.399	0.00213861	[20/02/2012]	27/02/2012
BTCSYN	0.25
JLP-BMD	0.1899	-	[19/02/2012]	26/02/2012	somewhat erratic but theoretically should be weekly.
Monthly
IBB	0.25	0.0103	[26/01/2012]	29/02/2012	est. div 0.002

If you are fast and buy *now*, you will receive dividend payments today on all the weekly apart from MergedMining which paid yesterday. IBB is due later this week I think but could be anywhere up to the weekend.

Note

• ]This does not constitute professional investment advice, do not invest without carefully checking the relevant threads for those listed.
• Other investments are listed in the marketplace forum.
• GLBSE.com contains uptodate pricing information.
• Next due dates are estimated on past performance, or are taken from the listed site.
• Last dividend payments are taken from threads, website, or my GLBSE account status.

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If you buy a 0.5BTC share in RSM you'll receive your first weekly 0.0025BTC dividend in about nine weeks time.  That would double by the time IPO is finished.  When a vote will be held to decide to pay all profits as dividends or save them up for the third mining unit which will increase profits by 50% and only take four months to acquire.

Research who you are buying into. With that said slow money is better than no money.

Pretty simple, mine until i get .1 or .2 keep mining but also invest in the glbse stock market . Any thoughts?