📈 NastyFans: The Bitcoin Enthusiast Fan Club (est. 2012) - page 202.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: ErebusBat on August 06, 2012, 11:18:51 PM

Also do we have a status page yet? Would be nice to know what MH we are operating at, can you update on this.

No status page yet. I do keep this information manually updated on the original post though. Hopefully we get another shipment of Singles from Butterfly Labs soon as well.

Quote from: OgNasty on June 10, 2012, 09:31:41 PM

CURRENTLY OPERATING:

2,464MH/s

ErebusBat

hero member

Activity: 560

Merit: 500

I am the one who knocks

chirp-chrip?

Also do we have a status page yet? Would be nice to know what MH we are operating at, can you update on this.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

A dividend of BTC2.6 has been paid.

ianspain

donator

Activity: 164

Merit: 100

Nasty's stock has gone up like a motherf*cker Roll Eyes

well done!!!!!

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: ?? on ??

Finally NASTY's stock price gets up to a decent value Grin

Yeah, I guess.

Sadly, this means it is now more difficult for me to afford new / additional shares for my portfolio.

...It's not like the increase in price is matched by any sort of increase in the promised hashrate (compared to the 20MH/s last weekend when I bought my first share)

Also, glad to see that in the past week, seems some of the treasury stock is being sold at the higher price (converted to "outstanding" shares, even if they don't stay on the market) ... Sure hope that means the company will have more money on hand to actually purchase more mining hardware.

ianspain

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Merit: 100

Quote from: OgNasty on August 02, 2012, 12:09:54 PM

A dividend of BTC5.3 has been paid.

good one

OgNasty

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Leading Crypto Sports Betting & Casino Platform

A dividend of BTC5.3 has been paid.

sebnow

newbie

Activity: 33

Merit: 0

Quote from: OgNasty on July 28, 2012, 04:18:48 PM

Quote from: ?? on ??

The MH/s per share will rise as new hardware is added?

Yes.

Quote from: ?? on ??

A similar project is putting all dividends back into paying for ASIC's, would that benefit here?

I don't think so. I put up a lot of my own personal funds to order all our ASICs first. I think continuing to payout dividends will be a great way to show the growth of this company over time.

I think these two reasons show why this asset is one of the best on GLBSE. Even though it didn't pay any dividends for some time, now that it's starting to, it's showing its value. My only regret is that I didn't buy more shares when the price was lower.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

The MH/s per share will rise as new hardware is added?

Yes.

Quote from: ?? on ??

ASIC's 'should' arrive in October?

Yes.

Quote from: ?? on ??

A similar project is putting all dividends back into paying for ASIC's, would that benefit here?

I don't think so. I put up a lot of my own personal funds to order all our ASICs first. I think continuing to payout dividends will be a great way to show the growth of this company over time.

Quote from: ?? on ??

Would like to know what the MH/s per share is.

There were 6,533 shares outstanding when the dividend was paid. We are currently mining at 2,464MH/s. That comes out to about 0.38MH/s per share (I hope to eventually have these statistics and more displaying on this thread). Granted, new equipment was just added yesterday so it wasn't fully reflected in our dividend payment. I also paid out our first dividend before it was confirmed and I'm now paying dividends on confirmed mining rewards, so that caused a slightly lower dividend payment this week while we played catch up on our confirmed rewards.

OgNasty

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Leading Crypto Sports Betting & Casino Platform

A dividend of BTC3.6 has been paid.

OgNasty

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Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: OgNasty on July 23, 2012, 06:07:55 PM

Quote from: OgNasty on July 21, 2012, 05:41:57 PM

I've emailed Butterfly Labs asking why there was only 1 when the order was for 2. Hopefully the next one shows up soon.

I received a response from Alicia at Butterfly Labs today stating that the 2nd Single from our 1st order should be shipped tomorrow and delivered later this week.

The Single arrived today and was quickly put to work. We are now operating at roughly 2.5GH/s.

kuzetsa

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@OgNasty

Thanks. That answers all my questions / glad to know how things work. Look forward to the day I can afford a 5th, 6th, 100th, etc. etc. share Grin

OgNasty

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Quote from: kuzetsa on July 27, 2012, 05:13:51 AM

How would a motion to issue more shares work?

I put up a motion and it is voted on by shareholders. 1 share = 1 vote. The company details page lists that 66% of the vote has to agree in order to issue new shares.

Quote from: kuzetsa on July 27, 2012, 05:13:51 AM

Can the initial motion be created by anyone with at least 1 single share?

No.

Quote from: kuzetsa on July 27, 2012, 05:13:51 AM

How would the price be determined for the newly issue?

The market price would be a large influence.

Quote from: kuzetsa on July 27, 2012, 05:13:51 AM

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

The GLBSE matches trades by price, so a higher bid would be met first.

sebnow

newbie

Activity: 33

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Quote from: kuzetsa on July 27, 2012, 05:48:43 AM

Quote from: sebnow on July 27, 2012, 05:35:48 AM

...The issuer is able to simply create more shares, and can place a bid at any price. The price is determined by the issuer. The bid is just like any other, so if there's an ask for the same price it will be matched and that person automatically buys the shares.

That sounds reversed to me. I thought it would go more like this:

Bid = person is buying shares for some BTC price

Ask = liquidating shares, sold at BTC price

As such, wouldn't the issuer be selling shares at some sort of BTC ask price?

Thanks, but nevermind for now I guess. I'm simply too sleepy to understand right now, and I have something I need to do in about 7 or 8 hours. (Still need to sleep before then, and where I live, the sun is coming up in the next 10-30 minutes or so)

Indeed, my bad, I had just woken up Tongue

.

kuzetsa

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Activity: 369

Merit: 250

Quote from: sebnow on July 27, 2012, 05:35:48 AM

...The issuer is able to simply create more shares, and can place a bid at any price. The price is determined by the issuer. The bid is just like any other, so if there's an ask for the same price it will be matched and that person automatically buys the shares.

That sounds reversed to me. I thought it would go more like this:

Bid = person is buying shares for some BTC price

Ask = liquidating shares, sold at BTC price

As such, wouldn't the issuer be selling shares at some sort of BTC ask price?

Thanks, but nevermind for now I guess. I'm simply too sleepy to understand right now, and I have something I need to do in about 7 or 8 hours. (Still need to sleep before then, and where I live, the sun is coming up in the next 10-30 minutes or so)

sebnow

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Activity: 33

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Quote from: kuzetsa on July 27, 2012, 05:13:51 AM

Quote from: sebnow on July 27, 2012, 04:51:38 AM

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place an ask for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

New to GLBSE, and new to trading without a broker in general, so sorry if my question(s) seem dumb.

How would a motion to issue more shares work?

Can the initial motion be created by anyone with at least 1 single share?

How would the price be determined for the newly issue?

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

I don't believe a motion is required to pass for the issuer to issue more shares on GLBSE. The issuer is able to simply create more shares, and can place an ask at any price. The price is determined by the issuer. The ask is just like any other, so if there's a bid for the same price it will be matched and that person automatically buys the shares.

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: sebnow on July 27, 2012, 04:51:38 AM

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place an ask for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

New to GLBSE, and new to trading without a broker in general, so sorry if my question(s) seem dumb.

How would a motion to issue more shares work?

Can the initial motion be created by anyone with at least 1 single share?

How would the price be determined for the newly issue?

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?

sebnow

newbie

Activity: 33

Merit: 0

Quote from: kuzetsa on July 27, 2012, 04:14:36 AM

Quote from: OgNasty on June 12, 2012, 11:11:59 AM

The IPO will be 0.29BTC/share.

Sadly, I could only afford 4 shares because I didn't get in during the IPO.

bought 1 @ 0.54 BTC (( 2012-07-27 04:02:31 ))
bought 3 @ 0.55 BTC (( 2012-07-27 04:05:45 ))

If I managed to get in during the IPO, could've had 7 shares insead of my current 4, and would have had more than 1 MTGOXUSD left too!!!

[edit] Did I do a silly thing? is the IPO still open? How do I buy at the stated price of 0.29BTC/share

I only ask, because I just noticed THIS:

Quote from: OgNasty on July 25, 2012, 12:01:35 PM

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place a bid for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

kuzetsa

sr. member

Activity: 369

Merit: 250

Quote from: OgNasty on June 12, 2012, 11:11:59 AM

The IPO will be 0.29BTC/share.

Sadly, I could only afford 4 shares because I didn't get in during the IPO.

bought 1 @ 0.54 BTC (( 2012-07-27 04:02:31 ))
bought 3 @ 0.55 BTC (( 2012-07-27 04:05:45 ))

If I managed to get in during the IPO, could've had 7 shares insead of my current 4, and would have had more than 1 MTGOXUSD left too!!!

[edit] Did I do a silly thing? is the IPO still open? How do I buy at the stated price of 0.29BTC/share

I only ask, because I just noticed THIS:

Quote from: OgNasty on July 25, 2012, 12:01:35 PM

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

Quote from: novusordo on July 25, 2012, 04:01:54 PM

Quote from: OgNasty on July 25, 2012, 12:01:35 PM

Quote from: Carnth on July 25, 2012, 11:57:20 AM

Quote from: OgNasty on July 25, 2012, 11:35:17 AM

2 more BFL SCs were ordered yesterday bringing the total amount of hashing power on order to 320,000MH/s.

What is this on a per share basis?

Currently, it is 49.5MH/s ordered per share sold (mostly due to me putting up BTC for the first 6 SC Singles out of my own funds). However, more shares will be sold and more equipment will be ordered in the coming months.

So will the amount of shares sold return the hash rate of each share to about 20MH/s, or is it possible that the rate would stay high like this due to other equipment being ordered?

The directive of the company is to provide 20MH/s of hashing power per share. There are quite a few factors at play, including whether or not Butterfly Labs can meet their projected specifications on the new ASIC products. However, I will do my best to meet or exceed the company's stated goals.

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