Bitcoin Forum

NOTICE - Due to the dramatic and constant difficulty, Coupled with the release of constant price dropping equipment, Tripled with the price per GH on many clouds like CEX/PB getting cheaper buy the day, This project is no longer viable, As soon as I have upgraded my equipment, It has become Obsolete each time, I have made a bigger dividend payout this month, I will wind up hardware and buy back your shares with as much as I can get for it.


I Thank you for your help in this project.


EDIT 2 - I will be closing today, I have sold the S1, I all ways promised at least a 20% buy back from day one, You will be pleased to know, I had a little more than this, So expect more then 20% in payout  ;D
If I continued to run I would be spending this in payouts, Technically making this a ponzi  ::) I hope you agree this would not be a wise move, So I have had to close, I thank you all again, I am continuing to find things to do for the benefit of this community, I Wish you all well.




Due to a number of reasons, I have opened up my mining operation on Cryptostocks.com

SENIGMA (Squall's Enigma) (https://cryptostocks.com/securities/45)

Now is a very unsure time of mining and bitcoin value, I believe we need more opportunities to balance the scales.

Someone new in the bitcoin world would just not bother, for many reasons, Maybe they have no technical knowledge to get anything running, This is more than possible as many people still don't know how to even use a computer, They can be put off just by the volatile nature of bitcoin in it's start up phase, and yes I believe this is still in start up, It could be they just don't have capitol to invest enough money to get anything out of it.

I have a more detailed profile on the listing, With Q&A at the bottom.

Enjoy  ;D


Date                        Total dividend              Number of shares                Dividend per share
01 July 13:44         0.08099516                         631                        0.00012836  BTC
01 Jun 09:12          0.07199764                         614                        0.00011726    BTC
01 May 09:14         0.07499396                         614                        0.00012214    BTC
01 Apr  09:59         0.07199685                         613                        0.00011745    BTC
01 Mar 08:12          0.07499396                         614                        0.00012214    BTC
01 Feb 13:33          0.08499792                        617                          0.00013776   BTC
01 Jan 11:24          0.11999700                         597                         0.00020100   BTC
01 Dec 07:44          0.10999725                        597                         0.00018425   BTC       
01 Nov 08:01          0.11999700                        597                         0.00020100    BTC
01 Oct 11:30          0.11951847                        599                         0.00019953    BTC
01 Sep 09:15          0.10999520                        490                         0.00022448    BTC
01 Aug 05:42          0.09999712                        422                         0.00023696    BTC

Update -

Added more info

10'000 shares at 0.01BTC each, 3 sold.

Paying 1.66% return a month MINIMUM on share dividends.

Thats 20% APR.

Please be aware that this is a long term project, I'm looking for people playing the long game, It may not sound like much, But it's free  ;D

You've already listed the shares on an exchange without even specifying what you're doing with the money, what the risks are, what (if any) the buyback clause is, etc...

Seems to be the wrong order of doing things. It also makes me not want to use Cryptostocks if shares can be listed without any details about what they're for.

This is a good point, I was writing up a more detailed profile of funds to put up, simply put, It's my offer for people to get involved in mining on a smaller scale, At the moment you but in 50 coins and it's not sure if you will get it back after costs in 24 months, This is a way for anyone to chuck in a few 0.01's and still get a return, Although a small one, Still a return.

I am still working out details, I will add as soon as I can.

EDIT - What would a reasonable buyback % be?

to be fair he was quite clear on the risks also cryptostocks themselves say they do not "vet" projects - how can they its a subjective decision by the investor. I cant afford to buy and run mining equipment and pretty soon even paying over the odds in fiat for btc will not be viable  - how else can I accumalate btc's ?.I assume he is buying mining rigs with the money and I also would like to know what the buy back rate is and maybe an estimate of ROI over time eg say 2 years?.   

This is an accurate outlook behind this project and is what I want to achieve here, At the moment, I have promised a 20% hold in cold storage, So there will be a minimum of 20% buyback, Which I believe is 20% more than most, I will have to run with that for now and review when the volume gets greater.

NOTE - I am paying a full month dividend (1.66%) for anyone joining me in this start up month.

any proof that you are actually doing any mining?

Yes, What would you like to see? (most proof can be made up)

I can do screen shots of some things running with my name on it?

EDIT, It will have to be after the weekend, I am real busy and not near my rigs untill early next week (in a cheaper place for power), Tell me what you want to see (shoe? drawing of something? anything that I can do to prove it's me taking the pic) and I will get it on here as soon as I can.

01 Aug 13 shares paid (0.00023696 per share) Paid nearer 2% total value for first adopters  ;D

That's still pretty low for a BTC related security unless you can prove little to no risk.

I thought it was quite good,

Dividends paid out
Date                    Ticker    Total dividend    Number of shares    Dividend per share    
02 Aug 03:33    SOI              0.04459980    21                            0.00212380    BTC
02 Aug 02:44    P2PDVC    4,884.00000000    48,840                    0.10000000    DVC
01 Aug 21:52    ASCMDVCPT    130,308.38446077    4,509    28.89961953    DVC
01 Aug 16:33    BBBB               5.72000000    1,000,000                    0.00000572    BTC
01 Aug 13:55    MANGOX    0.00092110    10                            0.00009211    BTC
01 Aug 13:45    MANGOX    0.00081890    10                            0.00008189    BTC
01 Aug 10:00    BTCINVEST    0.01512675    3,735            0.00000405    BTC
01 Aug 09:46    ABC    0.00015540            14                            0.00001110    BTC
01 Aug 05:42    SENIGMA    0.09999712    422                            0.00023696    BTC
01 Aug 01:42    FIX    0.00010000             2                            0.00005000    BTC

payment per share only gets beaten by one in BTC, All the others I am 10x - 100x greater?

Proving little risk is difficult without letting you in my door, This is a long term project and I hope to be more transparent as time goes on.

However I have limited risk my not trading with the funds, Or doing anything other than mining.

Regards
Squall1066

http://i1242.photobucket.com/albums/gg522/squall1066/hashrate_zps6faecc61.jpg

This is some of my hashing at 50BTC.

I have restructured my dividend payments.

Could you explain this please? How are you doing dividends now?

Sure, To the investor, nothing will change, The change comes from the management side, Before I kept a list at who bought at what and paid 20%apr (1.66%PCM) based on that, But now as I have set buy price at 0.0120 I will be paying at this rate, Which means early investors will get a touch more, Whilst making the payment easy to calculate.

So this is more a 'behind the scene' change, I made this statement as I like to inform everyone what I'm doing.

Note to everyone, I have paid dividends this month 490 shares @ 0.012ech 0.098 - Plus a overall bonus of 0.012 = 0.11 paid

Oh okay I understand now. Thanks for clarifying :)

I want to thank current investors to my project, Just so you know, things are going smoothly, I am still mining, I don't want anyone to think lack of updates means lack of interest, There is just nothing to say, I do however say a few things from time to time on my listing.

As Far as I know I have a high payment per share, I can continue at 20%APR for the foreseeable future.

Updated my Cryptostocks listing to reflect the input from the vote I cast.

Thanks everyone.

Bought another unit to help the project along  ;D

Nah.  On Cryptostocks, it's the *correct* way of doing things.
You must be new here.

That was an old post mind  :o

What you say is true, But I have since become a little more transparent since this was discussed.

On a further note, I can't change where I am as their is no fair way to "move" everyone, Unless I just buy out everyone and start again somewhere else.

A little note, In the month of May, I will be changing the two Furys for an aintminer S1, This is light of the drastic price drop of the unit, Plus the continues hike in difficulty, This will double our hashing power in one go.

Also, I have seen some buying/selling going under the value I currently have for sale, I have put on 100 shares at 0.0085 so that I am moving with the supply/demand market.

There is a feature new to cryptostocks called "IPO" this allows the controller of the project to disable users from selling the shares held within, I have decided AGAINST using this, As It allows me to see what is a respectable price for buying/selling is, I feel that using this feature is effectively self controlling the value of my own shares, I see no logic in that.

The only down side to this is that it allows the price to fall if user's keep selling under my selling price.

Again, I wish to thank everyone invested, I am still holding to the 20%APR, But please bare in mind this is in respect of the value of the shares sold in the month I pay out in.

Just to update this post, I have now upgraded the mining to a s1 unit, Whoop!
I also have a e-mail setup for this Senigma1066@gmail.com But it is not checked regularly, I use this to help keep the mining separated, I thought another media of contact cant hurt.

NOTICE - Due to the dramatic and constant difficulty, Coupled with the release of constant price dropping equipment, Tripled with the price per GH on many clouds like CEX/PB getting cheaper buy the day, This project is no longer viable, As soon as I have upgraded my equipment, It has become Obsolete each time, I have made a bigger dividend payout this month, I will wind up hardware and buy back your shares with as much as I can get for it.


I Thank you for your help in this project.