Bitcoin Forum

Our website includes a business plan and 1 year projections check them out!
IPO release by Aug 15th
NOT A BOND!


********Update 08/09/12********
Pre release sales  .120 per share, It will be released at .125!
7% discount on release price purchases over 100 shares
Private Message if interested in either
********Update 08/11/12********
Mining starts on Tuesday Aug 21 first
Insurance starts on Monday Aug 20th
We will be starting with about 5ghps mining equipment.
or .65 per share!
********Update 08/15/12********
Still set to start mining on the 21st
Now up to about 6.5ghps in equipment with the addition of 5X 5830s
puts us up to about .86 per share. We will be at 1mh per share soon!
********Update 08/22/12********
About 1 gig is hashing right now still waiting on parts, oh usps how I love you.
First dividends paid out for trade profits and whats been mined.
********Update 08/29/12********
2 Dividends paid out! With that being said all this is not mining profit, some of this is investments made before the gear got here. Might see some slack in the dividends then a boost as all the gear comes online. We are waiting for parts from new egg...ERRR! and a couple other essential other parts to come in, with that being said here is a partial list of our inventory.
GPU's

5830 x6
5850 x2
5770 x1
7950 x1
6950 x 8 and 1 broken
5HD different sizes
2 Gigabyte 970a-d3
1 gigabyte 870-ud3
1 asus m5a99x
1 400w psu
2 600w psu
1 1250w psu
1 1080w psu
2 15 inch fans
1 steel rack with rubber spray on texture
11 PCIe 1x -> 16X
2 16x=16x 1 broke
3 2gb ram
3 sempron 140 w/fan
1 sempron 130 w/fan
Bunch of other stuff just got to sort it out and log it

********Update 09/15/12********
4th Dividend Paid! We are almost Mining with all GPU's now! WE NEED MORE POWER! lol more PSU's that is the 400 well it sizzle sizzle lol. The 1080 is more like a 600 FYI, do not buy a power cooler 1080psu just get a good 600w. The stupid thing can not even power 3 GPU's with out cutting out. We got 2 new mobo's up and running, they both got 4 cards running on them right now. I got 2 old boards for sale both 970a-d3 and 3 IDE hard drives. The hard drives are neweggs fault yet again for shipping the wrong thing.

Some pictures of the Rigs
http://imageshack.us/a/img571/4386/img1284vm.jpg
http://imageshack.us/a/img145/3689/img1285d.jpg




Welcome to BitCoin Mining Investments

 
We will be offering 6000 @.125 BTC or market value.with 1500 shares staying as mine for pay as operator
Total shares 7500
 
65% Profit is put towards dividends
35% Profit is put towards Growth of operation
The equipment and growth fund are owned by shareholders 100%
Low cost of power for the USA about 0.76
Operator is Registered to do business in his state

If failed company will sell 100% assets and split between all share holders, After the final disposition of the equipment and growthfund, It will be split minus the cost of the action.
All equipment purchases or changes after the initial will be put to a vote, voters with more then 1% stake have the right to put forth motion.

Terms
1) 65% of all mining revenue will be distributed to shareholders in the form of dividends ( referred to as "dividends"). These dividends will be paid monthly, split evenly among all shares regardless of class or issuing date.
2) 35% will be used to invest in additional hardware, decrease the cost of mining, and/or pay for long term operating costs of the company (henceforth referred to as the "growth fund").
3)Operating costs "General Maint" will taken out of the profit then divided into dividends and growth fund. Any operating costs that exceed the ability of the growth fund to cover will be borrowed from the dividends until covered. Dividends borrowed in this manner will be paid during future payment period(s) using the growth fund until repaid in full.
 4)In the event of liquidation, 100% of the revenue from sales of the assets and 100% of the growth fund, minus any expenses incurred from the operation or liquidation of the company will be paid to shareholders.

Common Questions and Answers

Q. Why should I wait for the equipment delivery when I can get hashing now? Why should I wait for returns?
Answer: Because you are actually buying the equipment with others. You have a right to 100% of the equipment's sale if it is voted to be sold if and when people want to stop the operation. You get lower administrative fees and better advantages that way for waiting some time and pre-funding your own equipment instead of buying a fraction of a current mining operation.
Q. Why 35% reinvested?
 Because under that model, we would get more and more shares for simply replacing the equipment, basically keeping the same hashing power for a growing amount of share while still having to sell as many shares at the same price for each replacement. Shares dilution would occur and the operation would die out since people don't pay for the replacement of the equipment power associated to their shares. Getting new shares sales to pay for the replacement of the hashing of your old shares would not be right. Equipment needs to be replaced and extra equipment added for the shares to gain value and the operation to grow. You also need growing hashing power to compete with increasing difficulty.
Q. I am afraid others won't buy or like it. What if shares don't sell fast enough and my funds are withheld for a long period until we can purchase equipment?
Answer: There's a maximum period for the IPO of 2 months OCT 15th don't think people should scuttlebutt interfere with how they place their money. If the goal amount is not reached then we will vote on what to do next to refund or invest the money.
Its going great no need to worry!



People such as Gweedo are not allowed to post, Only BitCoin Mining Investments post are allowed! NO OFF TOPIC!

Glad you noticed me, seeings how you can not even add me to your list on your page lol. Do I not qualify as Company, just curious? I Have almost sold out of shares and all... and I do mine.. And if you want to see my identity dig through the post above my ID and all that is in pictures in it.

For those of you not familiar, this stock is different because the ASIC upgrade funds are not locked into a particular company. This means that if someone other than BFL comes out with an ASIC first, or a cheaper ASIC, the equity will be able to generate better profits than other companies whose assets are already locked in. Another advantage is that the company's ownership does not currently have more unpaid for shares than the company has sold in paid shares.

Also I would Like to give dibs to people in this post first for 2 Motherboards both Gigabyte 970A-d3's give me a offer, I also have 3, 40GB Hard Drives "IDE" New Egg sent the wrong ones  >:( hit me with a offer in PM for any of them or all of it!  ;D

5th Dividend paid! Looking to see how the next gen equipment is going to play out, its kinda crazy.

Someone just ate a loss at selling stock for .11 wish I would have seen it. Would have tried to buy some back.

I bought, but I don't know who sold.

Motion Raised, Read it, like it, vote on it.

Great idea in the motion. Do you think you could start providing an earnings report for us. Just how much we made every week, and how much we have saved in the growth account. I think it would be great for the company's share price if you would show us how strong the balance sheet is.

Sure can, I am also looking for suggestions on mining pools.. using slush right now.

Check out eclipse or eligius(sp). I am pretty sure they have much less in fees. could add 2% to output.

As far as the financial release goes, just the amount in each account, and the mhash rating we have will be fine. Anything more complicated will just waste your time. Based on the last dividend, we have about 1400 shares left to sell. Sounds like a good start to the ASIC fund to me. :)

1400 is about dead on spot lol. We got a great ASIC fund and I did purchase a Jap a while ago. It was a just in case thing, with a limited risk factor. 160$ is easier to swallow then 1300 if we lost it. I would like to here input from investors on which company you think would best to do business with and why.

We might have a leg up in the game, MAYBE I have been in talks with a FPGA maker. I looked at his site and seen he was making FPGA's that the ones being sold now use. I have been in contact with him and he says he may be able to beat some of our prices, and be made to our specs. I will keep you updated as this unfolds.

7.56 Produced since the 23rd
6.044 goes in to growth fund from this dividend.
This is first week of growth fund collection. The last weeks of dividends were to show worth of company and attract investors.
We have have a choice here, buy more equipment to power gpu's or save it for Next Gen equipment. I would like to hear your input.

Drunk Driver hit a light pole last night and I lost power for about 5 and half hour. Just giving a heads up on that one.

deleted. Wrong thread :)

PSU - 0%  GPU  PCIe- 4 spots

6098 shares outstanding.
How many Mh/s per share you got going right now?
 

.5 M/H if you would like more info, Please message me or check our website. I like to talk to all my investors 1 V 1 and know almost all of them that hold more then 100 shares.  I don't understand why I would cancel the rest of the IPO, I can just hold it and not offer it for sale till the time is better. Like I said we have room to expand and have more GPU's just need more PSU's. I personally do not feel it is the right time to buy more GPU equipment.  

Payment of dividends this week may be delayed till after Sunday, please keep yourself updated on the GLSBE news. Thanks!

I like to sell you back my shares.

Lets get this all sorted out first, I know some of the shareholders and what they held. But bob you never talked to me, so I do not know what you own.

So, it seems the GLBSE is not coming back and there will be a delisting-procedure (=Issuers get a encoded list of asset holders).

How do you plan to continue your operation?

Still working it out, just like lots of other issuers we were not prepared for this. I  want to kick myself in the ass for it to, after I talked to the S.E.C guy. When I do come up with a plan I will email all the issuers I have info on with details, I will not post it here. I am not sure what our legality is and when I do, I will publish here email sent and that is all.

I am still kind of jealous that I did not receive a call from the SEC. It isn't fair. I am totally one of the big fish in this.

I was just calling bullshit on the email....... boy did I get punked lol

Can you PM me details when you do - last I checked I had 57 shares of BitcoinMINV. Not much but I'd like to be involved  ;)

Yea shadow no prob at all.

There was no SEC or FSA guys breathing down nefarios neck.
Because this SEC/FSA nonsense was spread here in forums, Nefario used this to close the shop and hide.

Still does not change anything, I am now just doing what will Pay back or continue to pay investors keeping me out of jail/prison.

Have you had any contact with James McCarthy?

Emailed with no luck how about you? I have no coins no mail no nothing from them.

I called him and had a we had a short and friendly chat. After that he made a blog post http://blog.glbse.com/
That is all I have for now.

I have only 40 shares.
Last div I received was on 9/28/2012 and it was for 0.009918

I see that many have started to collect shareholders info and try to fix this mess. When and how are you planning to clear up this?

The problem with it is I did bulk shares to many people who the resold the shares. I have no clue who got those shares or where they went and its not a couple of shares here or there its about 1k worth.
If you want to state how many shares you had here thats fine. I know for a fact about 3 share holders exact amounts.
I am probally about to wrap things up and sell off before the halving, There should be a list of all the gear in the post I will find it relist it and post sale prices.

After I thinking about this for a while the majority has decided not to continue to run this security. I will begin to sell all the property of the and pay shareholders back. All property of the company will be listed here as soon as I get done going through it all, there is a tons of stuff. Then I will sell it off and pay off all security holders.

I came to this after looking at the conditions at hand, block halving is right around the corner and I feel it would not longer be viable to continue you mining at a profit, it would just break about even. The equipment that is on the market now would not be worth investing in with a upcoming equipment changeover. With these conditions it would cause a stage where we had no growth and are in limbo waiting for new equipment to come out. I do not honestly know how long this will take and do not honestly have the patience with the whole thing any longer. So with that being said I will begin a sell off all assets held by the company will be divided with me being paid last.
Thank you for your support and sorry for the shitty conditions, just the way the cards fell on this one.

By the way: http://blog.glbse.com/issuers-being-given-shareholder-lists

What about accumulated mining revenue since GLBSE shutdown?

Will be distributed, and I will post all of the payouts from slush pool. I will update with info as I get it thanks

bump

Bump? Lol joking here is a update, we got some fans dieing. And some of the other members have pointed out by the time sell off is complete asics will be out. This was something overlooked and may play into future plans. But we are going to start selling these GPU's before more fans die.

Got a piece of a list I think? Um they sent me something but it does not look right lol.

@gmail.com:
  :payment_address: 13ZfkAt6rfkAKDqm5o14qwdWhYTFRiHbgp
  :shares: 179
t@yahoo.com:
  :payment_address: 1LUgRiPKu667XrPKfKHfJ4zQ9qnqp5Uh2a
  :shares: 1
@gmail.com:
  :payment_address: 18vx8giNtScNekKQCyyAvsiSqQYWnjrmsw
  :shares: 6
@gmail.com:
  :payment_address: 17QM9LAKHjHCjT4bopw2nqf1QWcTubsmDz
  :shares: 50
@gmx.de:
  :payment_address: 1Q4xrRoAN3UZKo39fg8Ga4BqK36vEPh6of
  :shares: 68
@gmail.com:
  :payment_address: 1KkbzcL6cbpDXGdJVDKfBYtUbwEjQy9YNU
  :shares: 82
@googlemail.com:
  :payment_address: 1FxoPFyMtAonhpAg9N7nvWwTkfsXbuUGP9
  :shares: 57
@rkjnsn.net:
  :payment_address: 14kpGXUwiEbLAJ3wokV8i5YdvucNCetrc7
  :shares: 5
@jdidesign.com:
  :payment_address: 1K2r7hgY8CpkVnpTExdAji1rwFwLGNspxm
  :shares: 148
@tormail.org:
  :payment_address: 1AEJ5pgRtgxY8e4Qc8UaG7FGUGb6qKFE4F
  :shares: 1
@njit.edu:
  :payment_address: 1PN4ePKnoE7xfXCiQ2vYiCaBdgxmQV9kJH
  :shares: 5


I know who about 3 of you are.

update
:payment_address: 1KPV7ziq8eNp74RPzgZa3PRPPrjSZpXtGY
  :shares: 2839

that is me. and the share count looks about right, was buying them a few at a time as i could afford them lol.

Alright I am going to figure something out today. Then we are going to be rolling fellas! I got a couple of ideas and have been provided a couple of options that operators have not opened to the public yet.

1K2r7hgY8CpkVnpTExdAji1rwFwLGNspxm :shares: 148

That's me.

Any updates? I am still waiting for that e-mail/pm about my shares

Unhooked a day before halfing, I can sell now but of course you will get a lot less coins, trying to wait for a price dip so it does not look like a  loss  :(. Most of the equipment was bought around the 8-9$ area.

What's up!
No dividend payouts for months before halving why?
Why unhook because of halving? (Reword halving was predicted but you never indicated you would liquidate on halving day!)

Why would someone invest in a company that was going to liquidate in a couple of months? (I recall you even talking about scaling up even buying ASEC's implying you were in the Bitcoin mining business!)

If you can't sell the hardware at least mine with it while it is for sale, and before ASEC takes over?
The fact that you have not attempted to communicate with investors, have not paid dividends, have withdrawn your mandate to mine (just quit), and are in perpetual limbo (sitting on a pile of relevant hardware waiting for it to become obsolete) pending liquidation, leavs me with no other option but to presume you are a scammer, what do you have to say for yourself?

I say sir Try a private message like the rest of these guys have. Now run equipment to break even on electric? are you serious? I would not put a Penny towards ASIC's right now and if you did your a retard. I still have not got a full list from GLSBE.... Fix that for me and Ill sends some coins out. Read the post above yours and you might see why Im not selling the equipment yet. Unless you want to take a hell of a lot less coin.

1)No dividend payments months before halving.... hmmm tell me how I could have paid you?
2)Why unhook because of halving?  Electric to running cost would not be very profitable.
3) Things happen where have you been have you not been seeing whats going on?
4) I have talked to lots of investors... except maybe you and 3 others.

Now if you want information the best way to get it is to message me.

I too have some shares of this stuff
Why can't you resolve this cluster fuck of yours openly like everyone else has? :)
Contact James and please get the list so we can all move forward. 

BitcoinINV, how many share you have?

around 2000 shares, another problem is he has some of our funds like 30 coin worth. I will start to work something out since everyone is getting restless.

@ BitcoinINV I don't mean to be confrontational but the motivation sounds to convenient in justifying your lack of responsibility.

The way I see it is:
I haven't suggested you invest in ASIC I wouldn't either, just read your past comments while soliciting investment you implied you would, that said I'm just pointing out at the time you believed you were going to be mining for longer than a few months after you started BITCOINMINV, it would be understood that halving was coming and you lead investors to believe you felt GPU mining was the way to go.

In summary of your points.
1) Here is my info you got from GLSBE no excuse there: payment_address: 1K2r7hgY8CpkVnpTExdAji1rwFwLGNspxm  :shares: 148
2) My GPU mining setup cost me $2.32 in electricity for every Bitcoin mined. (the price hasn't dropped below that since I invested, so it is still profitable.)
3) I just see you avoiding responsibility - is there something I am missing?
4) Thank but that is no excuse to do what you are doing.

Fun read.

Please do that. It's about time.

hate to say it, but agreed.

Just sucks its going to look horrible on paper with the price of bitcoin right now, I will offer any equipment to members before I sell it to the public.  If interested in any Mining Parts Message me and we can work something out.

Will give any share holders till the 27th to buy

There is 4 rigs + extra parts that never got used they are not new but they work. All equipment was tested before it was broke down.

Message me if interested.

Parts publicly posted for sale. Waiting for a complete list from GlSBE and funds.

I hope your rigs are running and you will pay everyone a nice fat div because this is what I gave you my coin for.
So, I expect getting back what ever coin I sent you + divs from the time GLBSE keeled over.

Guess the rigs for sale posts confuse you?

Not at all.
What confuses me is this:
1) You raised coin to set up mining (buy hardware and run it 24/7 to earn back the coin invested + some more) - "yes" or "no"?
2) You did set up something and mined some coin too - "yes" or "no"?
3) GLBSE blew up and ASIC hysteria began  - now it gets confusing - did you stop mining? "yes" or "no"?
3 a.)If "yes", why?
3 b.)If "no", where are the dividends?
4) How did you manage to fuck our (not yours!) hardware so badly that it has lost most of it's resale value?
5) Do you have the final list from James?
6) When are you going to return my coin I invested with you ( I am sure this coin was never invested to hardware - there was not enough time for you to do it before all the shit storms began)

I am only asking because I like to understand, wtf is going on.
BTW, wasn't CPA your/our insurer?
 

Bobo I think You have a problem reading.....

1, Yes
2, Yes 2 weeks after I announced it on ours website.
3,yes, At that point the Electricity to production ratio was negative. Unhooked and boxed everything.
4, When I got the hardware some of the fans were broken. Most of the hardware was traded for shares from a individual.
5 No
6, You will get paid with everyone else. Are you saying I never bought hardware?

You people need to understand this is not the only thing on my plate. I am working with a person right now to buy most of the hardware. Unless someone here wants to take it over.

3) .... So, Bubba, you bought shit hardware and nobody wants it now?
6) yes and no. I have seen those foggy pictures of your but those where taken way before I was stupid enough to send you few bitcoins.  :)
Can you show us the receipts for the hardware purchases or tx ID's for the transactions? Last few transactions are OK.

What are you talking about shit hardware? I have a deal going to sell it right now, hope he is not reading this cause now the price will prob go down. You want me to give you transaction I'd's from 5 Months ago? Really?

And which address is yours Bobo?


Hows this bobo? Just messing with yea

http://imageshack.us/a/img515/9390/img0006xc.jpg

LOL, you spelled my name wrong!

I have no wish to argue with you or pick on you and make you all emotional and misty-eyed, writing hate letters with red pen etc.

BTW, when did we get into "used cardboard boxes" business? I gave you few BTC to mine bitcoins, not collect used cardboard boxes and demonstrate your need for handwriting lessons. :)

5) Do you have the final list from James?
you answered "No"

Let me ask this, what have you personally done to get the final list and sort this shit out for good?

Lol it was a joke, jeeshs
https://bitcointalk.org/index.php?topic=139559.0
^ Used boxes for sale with extra items inside.

   Claimed   1437                                             
   Claimed   40                                             
   Claimied   1402                                                
        Claimed      2510                                             
   1Q4xrRoAN3UZKo39fg8Ga4BqK36vEPh6of   68                                            17QM9LAKHjHCjT4bopw2nqf1QWcTubsmDz   50                                       
         Claimed   1479                                          
1K2r7hgY8CpkVnpTExdAji1rwFwLGNspxm   148                        
   1PN4ePKnoE7xfXCiQ2vYiCaBdgxmQV9kJH   5                                             
   1AEJ5pgRtgxY8e4Qc8UaG7FGUGb6qKFE4F   1                                             
   contact_for_address   30                                             1KkbzcL6cbpDXGdJVDKfBYtUbwEjQy9YNU   82                                             
   1FxoPFyMtAonhpAg9N7nvWwTkfsXbuUGP9   57                                             
   14kpGXUwiEbLAJ3wokV8i5YdvucNCetrc7   5                                             
   1LUgRiPKu667XrPKfKHfJ4zQ9qnqp5Uh2a   1                                             
   13ZfkAt6rfkAKDqm5o14qwdWhYTFRiHbgp   179                                                      18mvx8giNtScNekKQCyyAvsiSqQYWnjrmsw   6   

Claimes so far, The majority share holders have decided to take the current actions do not just lay the blame on me. There was other major partners in this as well as you can see. This tread is closed message me for claims
Claims format
Email
Address
Name
Amount of shares.                                       

Claims are under way, 6 made so far.