T - page 3. | Bitcointalksearch.org

The00Dustin

hero member

Activity: 807

Merit: 500

Quote from: ?? on ??

Once I get some free time I will try fix that one rig or maybe even wind this down. All thoughts welcome.

Two negative thoughts:
1) Saying something like that could adversely affect share price
2) I could be wrong, but I think winding this down would pretty much guarantee losses for most investors. This could be blamed in part on the 3 BTC floor that was imposed, but even without that, I don't think the operation has been running long enough to earn enough for any investor from prior to that floor to break even, and anyone who got in lower got in late enough that they still probably haven't broken even unless they sold for a gain.

And a positive one:
I suppose winding down would mean selling the equipment and distributing those earnings as well as saved funds, so maybe that wolud negate my concerns from (2) [and I suppose (1) would become irrelevant for anyone that could hold while waiting for that to finalize].

Red Emerald

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

Quote from: xkrikl on May 08, 2012, 03:26:13 AM

I have a question: Where does the company mine (pool, solo)?
In the contract you say that we are shareholders and that the company mines the coins, pays for electricity and the rest is profit. From the profit you take 5% and the rest goes 50:50 as savings and dividends.
But in reality you talk in your reports about difficulty and the number of mined coins is always the number of coins seems to be always perfect 100% PPS. I would expect the number of mined coins to fluctuate and generally be more than 100% PPS as you can mine at GPUMAX (like JLP does).
Or do you mine at GPUMAX and you keep much more then 5%?

The farm has been operating at about 5 to 7G range for about 3 months. We have two main boards being replaced and almost always one or more rig down. Since I do not have time to devote to keeping it going as best as I should I pay out the 100% PPS anyway. And for the last month I have also been paying you about 250% what you should be getting due to my math mistakes. (I kept paying you guys my 60% share of the dividends)

Yeah that all comes out of my pocket. However we do mine at GPUmax and eclipse mining when we are operational.

I'm very open to paying out a percent of what we actually mine but dividends will free fall:)

So how long can you sustain paying out of your own pocket?

I don't complaining about being paid more than expected, but I would like to know how profitable the company actually is. Reading this last post especially, it sounds like it is not profitable. When do you expect to actually start making close to 100% PPS.

xkrikl

full member

Activity: 159

Merit: 100

I have a question: Where does the company mine (pool, solo)?
In the contract you say that we are shareholders and that the company mines the coins, pays for electricity and the rest is profit. From the profit you take 5% and the rest goes 50:50 as savings and dividends.
But in reality you talk in your reports about difficulty and the number of mined coins is always the number of coins seems to be always perfect 100% PPS. I would expect the number of mined coins to fluctuate and generally be more than 100% PPS as you can mine at GPUMAX (like JLP does).
Or do you mine at GPUMAX and you keep much more then 5%?

stochastic

hero member

Activity: 532

Merit: 500

Quote from: notawake on April 30, 2012, 09:41:43 PM

Quote from: ?? on ??

Hello All,

I am looking for a way other than Gox to convert BTC into US Dollars or Thai Baht. Interested in all ideas.

I will need to do this to pay for the power.

Thanks.

If you don't mind me asking, what was the problem with Gox? I would imagine they have the best liquidity and alternatives may end up costing more in transaction fees, spread, etc.

Funny you mention this... https://bitcointalk.org/index.php?topic=78596.new;topicseen#new

notawake

newbie

Activity: 58

Merit: 0

Quote from: ?? on ??

Hello All,

I am looking for a way other than Gox to convert BTC into US Dollars or Thai Baht. Interested in all ideas.

I will need to do this to pay for the power.

Thanks.

If you don't mind me asking, what was the problem with Gox? I would imagine they have the best liquidity and alternatives may end up costing more in transaction fees, spread, etc.

notawake

newbie

Activity: 58

Merit: 0

Quote from: ?? on ??

We had one of the mother boards go bad, I sent it in because it is under warranty. They checked it out and said the damage was due to water or liquid and thus it is not covered. I do not know how water would have got on the board and once I told them this they said maybe a mouse pissed on it. I had to laugh. Anyway it was not in a closed case.

What should we do,

1) fight the warranty

2) fix it at cost

3) replace it

4) do nothing

These guys have been pretty good about fixing all my stuff. About 10 dead cards, 2 other MBs, and one PSU. It will be kinda hard for me to come in swinging about the warranty esp since I can't prove it was not a mouse. Odds are if it was an animal it was a one of the lizards that come and go.

The mother board was one of the lower end boards that supported 4 cards.

Thanks.

What are the costs of each option?

brendio

hero member

Activity: 518

Merit: 500

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Bitcoin Investment Bank Announcement

To Goat, TyGrr shareholders, and to whomever else it may concern.

Bitcoin Investment Bank (BIB) previously held a mortgage over two AMD Radeon HD 6990 GPU cards
owned by Goat (and possibly assigned to TyGrr) under the terms of a bond contract traded on
GLBSE under ticker BIB.goat.

Notice is hereby given that Goat has satisfied the terms in full and repaid all sums owing
under the contract. As such, the mortgage over the two AMD Radeon HD 6990 GPU cards is hereby
released and Goat and/or TyGrr now has unencumbered ownership of the same.

BIB wishes to thank Goat for his custom.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.17 (MingW32)

iQEcBAEBAgAGBQJPkVjqAAoJELlDeJJBw5c+y5cH/3VXFYhO6xuLuhfhjKRxSbX5
DIz9Wxu1IiR1nVcN2t5ZXgEN/NsrQv5NcL95ruDyBtf/+5JxvnvzkcGxGzmSJ3rX
WQ7y4JFaJeQB5UQGoZldPhdcNthFdiLohVoIGrMCU3drj1eJmKizG1fzj9QZwWaR
XLqobh8kUGe9wXqOaFaSMSKTcI4JVWA83Vc2fun5DnUTJcweUCqZMzrN4OerDIoP
hy1ElqNf1NmfRYSOeQhvUUpHut6o3FZI7mLqDSk9bmqoj5QXbwlFfBot83rL0KFG
wKqJzZo64Jz++ga/6HIYw1cmS54ObCg2Ogq337yf+V7BK+OFie51Z/dfXINc02A=
=sv2A
-----END PGP SIGNATURE-----

Red Emerald

hero member

Activity: 742

Merit: 500

Wow. I didn't expect dividends per share to go up so much. Cool!

R-

full member

Activity: 238

Merit: 100

Pasta

[quote author=znort987 link=topic=52081.msg857582#msg857582 date=1334777401]

Quote from: R- on April 18, 2012, 02:07:00 PM

Do you have a Facebook?

LOL.

This is rather a privacy aware community.

[/quote]
Did that I make you laugh out loud!? Damn Rob you're a comedian today Wink

R-

full member

Activity: 238

Merit: 100

Pasta

Do you have a Facebook?

brendio

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Quote from: brendio on April 07, 2012, 01:08:49 AM

Quote from: gewure on April 06, 2012, 12:45:49 PM

well, thanks. the share price is totally fucked up.

i spend 60+ btc in this venture, if i would liquidate now, i would have lost at least 60% of it.
.. and please don't tell me its shit-money and not worth it. its a big part of all my savings Sad

im studying, no time to work, im living from about 220 bitcoin/month, so this is pretty serious to me.

The problem with valuation is that there is an inverse relationship to the exchange rate. At start up, TyGrr had ca. $15,000 worth of equipment and issued 1500 shares, meaning each share was backed by $10 worth of hardware. When the exchange rate was around $3, each share was backed by about 3 BTC worth of assets. Now that the exchange rate has increased, each share is back by only about 1.5 BTC worth of tangible assets. So, the exchange rate going up means I'm not willing to pay as much in BTC for TyGrr shares. So, yes this translates to a loss when denominated in BTC, but about break even or a bit ahead in US$ terms (i.e. I spent $10 worth of BTC for a share. I can now sell that share for about $12 worth of BTC).

Can not forget about the 5 months of solid dividends:)

So what is your current valuation of the assets and how much would one currently get if they accept your buy-back offer at 90% of USD asset value (see quote below from contract)?

Quote

What makes TyGrr tech different from other mining companies? The CEO (Chaang Noi) will offer to pay $US dollar cash for any share at anytime from anyone. The price Chaang Noi will pay will be 90% of the value of the assets of the Company. Therefor if bitcoin price falls in terms of US dollars the stock price of TyGrr will go up.

mila

sr. member

Activity: 462

Merit: 250

Quote from: ?? on ??

I wonder why I am not the only one refusing to hand them over. :/

you're not the only one. I wrote in an email I'd provide postal address, phone nr and show id on skype but no way I'd send a scanned hires pic of my ID. on the other hand my glbse asset management worth is zero and what I planned to issue had anyway a cap of < 100 btc to begin with

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: ?? on ??

Matthew I do not know why you spread these rumors about me.

What rumor are you talking about? I wasn't even talking to you, I was talking to Kluge. Did you have something informative to add to the conversation about how Kluge wasn't qualified to say if legal documents are legitimate or not? Or did you just want to show off your lack of reading comprehension for a little while longer?

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: Matthew N. Wright on April 09, 2012, 07:24:22 PM

1) Unless Kluge actually works for law enforcement, his opinion doesn't mean squat for if "documents look official" or not. He needs to be able to run them against a live database, not just check and see if they are high quality scans of potentially fake documents. Kluge, are you in any capacity to be able to do that?

Nope. Checked with what university has published. They certainly could be fake (or perhaps more likely, stolen). I don't believe them to be fake given there is third-party evidence supporting his claims (rather, supporting claims that the person he is alleging to be exists and went to the same university Goat has a student ID for with "his" picture), there are no red flags I can notice (though, being foreign, all I can do is look at samples online and compare them against what he sent), and the amount of time which would likely go into securing all the fake/stolen documents. All of the documents have images of Goat at various ages.

I would be surprised if Nefario had the ability to do more than I am able to -- pleasantly surprised, of course. Wouldn't he need a live db for every law enforcement agency in the world?

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Sorry for the late comments (have been ignoring this thread on purpose).

I can't comment on any of the other allegations yet (although I have heard many unsavory claims regarding a user on IRC by the name of TyGrr in relation to CP) but I can say two things:

1) Unless Kluge actually works for law enforcement, his opinion doesn't mean squat for if "documents look official" or not. He needs to be able to run them against a live database, not just check and see if they are high quality scans of potentially fake documents. Kluge, are you in any capacity to be able to do that?

Quote from: OgNasty on April 05, 2012, 12:37:42 PM

His avatar looks like a poorly photoshopped job (see black shirt on black background)

2) Doesn't look photoshopped to me and I know because I've shooped a few shoops in my day.

Red Emerald

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

Quote from: TheBitMan on April 07, 2012, 07:43:19 PM

If I where to buy one share how much is one dividend?
And how often do you pay them out?

I pay out every Tuesday evening (Thai time) and you would get 1/1500th times 49.75% of what we mined that week.

I get 5% for managing things and 50% goes into savings.

Uh... 49.75% + 5% + 50% is not 100%

TheBitMan

sr. member

Activity: 280

Merit: 250

If I where to buy one share how much is one dividend?
And how often do you pay them out?

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

0.3878582 TYGRR 2012-04-07 00:52:59

O_o made a failure while paying out dividends?!

Red Emerald

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

Quote from: Red Emerald on April 07, 2012, 02:15:06 AM

So if 593 shares were paid, shouldn't there be a bunch of shares available at 3.0 BTC? I must be missing something.

I hold 903 shares. This time I did not pay myself. Cool

Contract says I can not sell more than 750 shares so at the most only 153 could be for sale. However I am not looking to sell my shares right now.

Thanks.

Oh. So where are the last 4 shares? 903+593=1496

Red Emerald

hero member

Activity: 742

Merit: 500

So if 593 shares were paid, shouldn't there be a bunch of shares available at 3.0 BTC? I must be missing something.

Topic: T - page 3. (Read 41045 times)