Bitcoin Forum

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Hi,

This signed message is to confirm that user SolarWindMiningCompany has contacted me, Dyslexic Zombei (DZ), for free

vetting services. While I am not an ID expert, I do have a background in Information Security. While my services are

free, they are the most stringent vetting requirements that I am aware of for this forum.

I can confirm that I have what appears to be this user's ID and address on record, and that he appears to be a well

intentioned Group Buy Coordinator.

Cheers,
DZ

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Hi SolarWindMiningCompany

when will the site be online ?

We have five partners who have started mining for their shares, thanks guy's! I would announce your UserIDs but to protect your privacy I'll let you do it if you want to,

GO TEAM!!!

Haha I run 13.3GH/s of it :P

My block erupter blade won't ROI otherwise.

I'm trusting you to bring this to a success :)

It would really be good if you could take some time away from preparing everything you need, to giving some details of your work, and what you're doing, so we can gain confidence in this!

Otherwise, keep the great work up!

My current part of this team is to promote, market, and otherwise get this thing out there for people to see.  I'm also finishing up the first draft of a business plan with the top cheese, so we can post it on here and not only give you the confidence you want, but the trust you deserve.  I've got a facebook page up (facebook.com/solarwindminingco), a twitter feed going to keep updates posted on that, talking to www.customink.com about creating some merchandise specifically for SolarWind, going to start an Etsy page to sell said merchandise, gaining some insight from a social media marketing guru friend of mine...

I've also got my own little rig set up to mine shares on here, a whopping 2.664 GH/s with 8 block erupters, but hey, I started mining just for sh**s and giggles...

I'm also going to put out there on the interwebs that we're searching for someone to create this website for us, because I suck at the type of programming behind it, and my personality dictates functional value over aesthetic value so it would be a rather bland looking site.  Granted, there are some very nice looking designs that the boss would like, so it's just a matter of following simple instructions on that part...

Anyways, more to come, I should get back to work before I get yelled at...

I have worked out most of the details on the way shares will work, so I will share with you what the overall points are about the share values and payouts...

There are four types of shares:

• BitShares⁺ (Upgradable)
• Standard Shares
• Founders Shares
• Company Reserve Shares (CRShares)

All shares will provide Double Return on Initial Investment (DROII) except CRShares, 1 BTC invested = 2 BTC DROII

The Details,..

BitShares:

• Equal to BTC invested, 0,001 BitShare = 0,001 BTC (To clarify: BitShares have a one-to-one value with Bitcoin. In other words, 0,001 BTC = 0,001 BitShares and 0,0005 BTC= 0,0005 BitShares. A BitShare can be any amount under 0,5 BTC so you can fund your BitShare account with bitcoin from a free bitcoin faucet if you like, or better yet, use that USB Block Erupter to actually make a ROI! Thanks BRADLEYPLOOF (https://bitcointalk.org/index.php?action=profile;u=101033) for making me aware that I didn't make that clear enough. P.S We are offering the USB Block Erupters at a price below the current price for new buyers, contact BRADLEYPLOOF (https://bitcointalk.org/index.php?action=profile;u=101033) for details.)
• A BitShare is considered to be any account that has less than 0,5 BTC
• Any amount of BTC held in an account below 0,5 BTC is automatically converted into BitShares
• BitShares do not payout directly, instead BitShare funds are automatically reinvested into more BitShares until there is enough BTC in the account to invest in either a Standard Share or a Founders Shares, you will have the opportunity to upgrade to the share type of your choice
• Because BitShares have a compulsory reinvestment period, Bitshares are given a credit of 10% for deposits (e.g., 0,001 BTC invested will equal a total of 0,0011 BTC in the account)

Standard Shares:

• 0,5 BTC
• Payout - 1 BTC
• Once the share has been doubled the share holder will still continue to earn BTC from the Standard Share Hash Pool, each shareholders portion of the Standard Share Hash Pool is divided evenly between all Standard Shareholders
  
  

Founders Shares:

• 1,5 BTC
• Payout - 3 BTC
• Sooner payout than Standard Shares and will also continue to earn BTC from the Founders Share Hash Pool, also divided equally between all Founders Shareholders
  
• Founders Share Hashing Pool will be smaller by percentage than the Standard Share Hash Pool but will also have a position in the CRShare Hash Pool, the target is to get the Founders Shares to payout 15-20% more per BTC than Standard Shares, buying Founders Shares involves more risk and will require that the partner wait a little longer for some of the benifits to be payed out but Founders Shareholders will be the first to have the opportunity to make additional profits, Founder Shareholders will also have access to exclusive investment opportunities

Company Reserve Shares:

• These are the companies shares and will always be 51% of all shares
• Payout - 1.5 BTC
• CRShare funds are used to purchase more mining hardware, make payroll, pay for advertising campaigns and various promotions to encourage the usage of bitcoin in the general public, Founders Share bonuses, additional bonuses to shareholders, maintain facilities, security, expansion, upgrading equipment and other needs of the company
  
• In addition, there is a portion of mining income that is held for the unexpected cost experienced by every business, these funds (Variance Funds) are needed to protect the company and the shareholder, at the end of every year the company will be evaluated and it will be determined whether or not to release the Variance Fund (or a portion of) to the shareholders
  
  
  

I will be providing a method for investors to mine for their shares if they would like to do so or only have limited hashing power, this will be provided through the Bitshare option (more on this at a later time.)

A Note on the Double Return of Initial Investment (DROII): All funds used to payout the DROII are generated by the specific hardware that those share funds where used to purchase, the income from mining on specific rigs will not be used for anything else except for Variance Funds or CRShares needed to keep the company operational.

⁺SolarWind BitShares are not associated with the 'BitShares P2P trading platform (http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/)'

With the bitcoin mining landscape being characterized by runway increases in difficulty for the near future do you really need to throw a MLM type structure onto the shares with all of the negative connotations that brings to this already questionably valued asset?

What sort of contingency plan do you have for an event in which you can't meet the promised returns? Given the history of most attempts at mining investments, are there plans for a potential failure beyond taking the money and walking briskly into the sunset?

So practically speaking, if such failure seems eminent, SolarWind will begin the process of perusing other options to fulfill its obligations. If necessary, all assets will be liquidated and the proceeds distributed to the Partners (that means all shareholders except the company itself.)  If all else fails I'll work it off with mine own two hands.

A good start would be for you/Bradley to get into the WTO and GPG sign something to this effect, and you know make a contract with shareholders.

This is one of those basic sort of things you should have read and then known to do before doing all of this writing and collecting a bunch of names in the other thread.

Also, maybe find a way for investors to sell/transfer/liquidate their shares? On forums/SocialMedia a herculean mining company and a herculean ponzi can look very similar, so read/lurk moar and work on how you can present that distinction if you are going to continue.

I was first to ask for a bitshare on your giveaway thread, what now?  Is there a website we can view our bitshare maturing?  Or do we have to mine for this? huh?  bit confused, I thought this was like pyamining.

One of the 102 dalmatians here  ;)

Looking forward to reading more.

Hm, seems interesting. I'm going to keep an eye on this, I would like to see what you guys come out with on the website, and especially the business plan. I would look into that 1.5BTC option if your business plan for upgrading was a solid one  :)

The problem with renewable energy/green energy is that it is more expensive than regular energy if you are sourcing it through a power provider. If you are setting up a custom solution, solar and wind energy solutions are expensive to build yourself (due mostly to costs of the parts) and will add A TON of extra costs to the farm that you are unlikely to ever break even on.

It is hard enough to break even on mining hardware as is. I understand the importance of our environment, but I don't see how it would be profitable to setup a green mining operation. Please enlighten us.. I have looked into it before and green energy is quite expensive to setup, especially in the quantity that would be needed with 100Th.

If you have some secret plan that's all nice and good, but I can't imagine you'll get many investors without revealing this plan. Also, please consider there is a reason why no one is "going green" with their mining operations, because it adds a lot of extra unnecessary expense as stated above.

Now I'm just being repetitive... carry on.

CoinHoarder echoed some of my concerns as well. I'm no expert in solar energy, but the initial setup would be VERY expensive, correct? Also, I know solar's efficiency is going up, but the most conducive spots for solar also happen to be in the hottest part of the country (Arizona, New Mexico). Would you end up spending your generated solar electricity on the massive amounts of required A/C during the summer, leaving the powering of the miners up to the power company?

I was going to say that it all depends on how cheap you get the electricity from the grid, because in some countries, like mine, a residential solar setup pays itself in like 3 or 4 years, mainly because electricity is very expensive.

But as I understand, this operation is US based, so maybe electricity from the grid comes cheaper...

True, I guess my US-centric viewpoint got ahead of me! I'm assuming they're also taking into account that once the initial investment in the panels is paid off, they'll have more money to use as well.

What miners are you guys looking at?

Thanks guys, this is the kind of discussion I have been waiting for.

It is true that installing green-energy electrical sources is costly and you posit would be correct. It is only correct if one thinks in terms of trying to start off using using green-energy electrical sources alone rather than phasing in the equipment. It would be foolish to think that one could just buy the green-energy equipment right off the bat and still recover costs in any reasonable amount of time. To do so would require a large amount of capital, larger than the company has and likely more than it could raise without a long and successful history. There are a few things that make me believe that now is (or close enough to) the best time to begin the process of converting the bitcoin network into a greener technology. The first fact is that the energy requirements for bitcoin mining are dropping rather rapidly and it is highly likely that this trend will continue. ASICs are new to the game but in-spite of this fact they have rapidly taken over the majority of the hashing power of the network, now I am not sure if the total power usage is roughly the same with ASICs as it was before ASICs or not but if so it would not negate my point. ASICs, being new, will likely become more energy efficient as they are further developed and in the absence of a any replacement for ASICs the push will be to make them super efficient. This means a few different thing, one is that if a company mining bitcoins has reduced its need to pull electricity of the grid, there will be a slight overlap in a reduction of power needs when the company adds/switches to more efficient mining hardware and the (possibly) inevitable return to normal power requirements (of course this would be because there is a narrow window of opportunity to take advantage of the lower power requirements during the overall transition to newer equipment across the entire network before any spike occurs in difficulty levels.)

I will be back to edit and finish this at a later time... please consider this a draft that may contain errors. You are welcome to comment non-the-less.

Hi SolarWind & co, keep up the good work!

It would be nice if we (the first 100) could have an access to the site before it goes public.
This way we could be ready with advertising of our referral links on day 0.

Send a PM to either SolarWindMiningCompany or BRADLEYPLOOF

When you say that our share will double, I'm assuming will this be through the mining that is occurring? Will you be using the money in the shares to buy solar panels/windmills/necessary equipment to harness that energy? Also, will any of the share money be going ASICs? If it is, have you thought about what to buy once the difficulty goes through the roof?

An interesting project, and one I find attractive both from its green energy stand and the small-is-beautiful investors. I am concerned about the capital needed to start, and the very generous payouts predicted, in an environment where Bitcoin mining difficulty increases rapidly. I'll keep watching, and look forward to seeing the business plan. At the moment it looks too good to be true, and you know what people say about those schemes!

Don't worry, the website is getting close to being operational. Your going to love it!

Figures I missed the giveaway  :P

Just wondering, are you guys going to solicit any advice from the community as to go about and run this the best way possible? When I say that, I mean asking people like Deprived for help? He's pretty good at poking holes in people's business plan which when patched up makes the companies stronger IMO.

Sorry but I'm confused on whats going on.   I own a share so now what?   I see post on mining pool, what are we suppose to use as mining settings to mine there?   Mining there seems like I would get additional value?
Thanks

Founders Share funds offer a higher ROI (15-20%) than any other share type because of the higher risk to the shareholder. In addition to purchasing mining hardware, Founders Share funds provide SolarWind with funding for expansion and the daily operations of the company. The sale of Founders Shares is intended to be phased out when SolarWind matures and becomes financially solvent. Any Founders Shares held after the sales of Founders Shares have been phased out will remain valid and all terms of the share agreement will remain in effect. Founder Share funds are distributed thus - 2/3 of the share price (1 BTC) is placed into escrow and held there until the current Hardware Purchase Cycle is fully funded at which time the funds are released for the purchase of the mining hardware. 1/3 of the Founders share price (0.5 BTC) is remitted to the company and used as for the daily operational costs and for the expansion needed (infrastructure) to support incoming mining hardware (this includes the construction of mainboards for the Cointerra GoldStrike1 ASICs chips that are currently on pre-order) SolarWind will arrange an escrow account through SebastianJu (https://bitcointalk.org/index.php?action=profile;u=18640) for the 2/3rds (1 BTC) of the Founders Share price and the 1/3rd (0.5 BTC) should be sent to the shareholders individual deposit address that is provided when the shareholder first makes a request to purchase a share. It is the responsibility of the shareholder to place a reserve order for a Founders Share prior to sending the payment to the escrow account and then notify SolarWind when the deposit is made in both accounts and to provide documentation providing proof of both deposits.

Standard Shares funds are 100% escrow. The same reserve method should be used as described in the Founders Share  section.

BitShares are 50% escrow and 50% operational funds. In order to save on transaction fees the shareholder should let SolarWind split the funds for the share holder and make the escrow deposit for them. The shareholder may still use the same reserve method as described in the Founders Share section. Escrow deposits will be processed when the total BitShare funds reach 5 BTC.

I'm too newbie to understand the escrow staff  ;D

All of the shareholder will have to approve the payment when hardware arrives?

The owner of SolarWind and I have communicated via telephone before.  We trust each other very much and are very similar in our personalities and desires for this company and the goals we wish to achieve through SolarWind.

And a mere 100TH/s of power is not going to double the difficulty of the blocks.  I am assuming that you're rather new to this whole venture, so let me clarify.  The current hash rate of the system is over 1000 TH/s.  Another few thousand terrahashes will be tossed into the system within the next few months as companies such as cointerra ship units and they come online.  Our hash rate will not, by itself, double the current difficulty.  We will have about 6% of the overall network hash rate when it comes online, and plan on purchasing more to keep up with difficulty and competitors.  Think about this:  visit www.blockchain.info/pools and see that BTCGuild, the largest pooled mine, currently has 400 TH/s worth of mining power, or roughly 30-40% of the overall network hash rate.  We will have 1/4 of that when we start, with the goal of attracting more people to use our company and actually make ROI versus really low PPLNS and PPS payouts on BTCGuild...

Our target is to Double your investment in 6 months or Less!

In order for SolarWind to accomplish this goal, we need your support!

As we know, most miners cannot even break even due to the exponential increased difficulty. SolarWind does not produce chips, but buy chips and rigs from the suppliers. Moreover, SolarWind does not have free electricity, mostly from the traditional wall power and a small part of solar/wind, which are more expensive.

With this in mind, I really feel it hard to understand how can we double our investment in 6 months or less. I don't think that is doable just based on the mining income. Could you help to explain briefly why we could achieve that and where are the money from? Thanks.

Your money comes from the next investors who buy shares - same as in every other ponzi scheme.

As we know, most miners cannot even break even due to the exponential increased difficulty. SolarWind does not produce chips, but buy chips and rigs from the suppliers. Moreover, SolarWind does not have free electricity, mostly from the traditional wall power and a small part of solar/wind, which are more expensive.

With this in mind, I really feel it hard to understand how can we double our investment in 6 months or less. I don't think that is doable just based on the mining income. Could you help to explain briefly why we could achieve that and where are the money from? Thanks.

I will answer your questions, for now I must be brief. SabastainJu has asked me similar questions and I am writing a draft of my answer now. I want to make sure that it is correct and free of errors. Here is what I can explain wright now,

I think that some haven't read, or at least do not remember all of what I have written. I have stated on more than one occasion that SolarWind will not depend on mining alone. I have also stated that SolarWind will not 'steal from Peter to pay Paul,' so deprived's question, which is not a question, but an accusation, is contrary to my previous statements and is not based on fact.

I generally choose my words carefully, so this is a fact, exactly what I wrote is that it is SolarWinds TARGET to double investor funds in six months. A target is a goal, not a commitment, our commitment is to strive towards the goal. Therefore, logic dictates that if SolarWind fails to double invested funds within six months and it was not possible to double investments within the 6 months, SolarWind would not have violated any expressed commitment. The statement made regarding the doubling of investment funds within six months is likely being confused with another statement where I have expressed our commitment, as it has been stated, "to double the investment as soon as possible" and that will always be the goal.

I pushed the announcement of The SolarWind Mining Company before I thought SolarWind was quite ready for prime time. Maybe that was a mistake on my part. One of the reasons that I did so, is that I was fearful that the difficulty level would reach a point that might make it very difficult to accomplish my goals. I don't think the difficulty level is at a point to make it impossible but it has risen a little faster than I thought it would. I may have to extend the time frame that it will take to accomplish what I aim to do, but that is all it is, an extension. I will not Quit!

Like I stated in the beginning, I am forming a response to SabastianJu questions, when I am done, I will share it with you.

I believe on your forum there was a post titled "dafuq has the nerve for this! (http://solarwindmining.com/accountsforum/index.php?topic=19.0)"

In the spirit of sharing, education, and "FREE PUBLICITY" I would like to offer a response to the inquiry posed:

Re: dafuq has the nerve for this! (http://www.thedrinkingrecord.com/2013/10/07/re_dafuq_has_the_nerve/)

You all have a pleasant day.

Dr. Jekyll(Artuk), meet Mr. Hyde(MPOE-PR)

 How many other alts do you use?

I believe on your forum there was a post titled "dafuq has the nerve for this! (http://solarwindmining.com/accountsforum/index.php?topic=19.0)"

In the spirit of sharing, education, and "FREE PUBLICITY" I would like to offer a response to the inquiry posed:

Re: dafuq has the nerve for this! (http://www.thedrinkingrecord.com/2013/10/07/re_dafuq_has_the_nerve/)

You all have a pleasant day.

I was thinking about investing with you guys, but after reading these 4 pages, I'm lost. WAY lost...

My brain hurts trying to figure it all out..

If I invest the same amount of money as one of the first 100 investors, he get's 30% more than me?? This is way confusing.

Maybe you would have better luck with some bullet statements.

The only thing I see here that I understand is that you spent some money on Cointerra equipment.

 ??? ???

Shoot me a PM if you want, but at this point, I'm lost.

The numbers don't have to make sense - it's a ponzi scheme.  I'm been generous there - as the alternative to them scamming is that they're really fucking stupid and don't understand how mining works (and that miners currently being sold won't even break even, let alone make 150% profit in 6 months).

Of course I could be wrong (it's not unknown - just rare) and they may be award-winning retards.  In which case please accept my apologies for not creditting them with a level of stupidity beyond my comprehension.  Though I'd want to see actual certificates before believing someone could genuinely believe you could make 150% from buying mining hardware and using it at current prices - as that's a few SDs away from the levels of idiocy that you'd expect to see in a random sample of idiots.

Either way your BTC are far better off in your wallet than in theirs.

I was thinking about investing with you guys, but after reading these 4 pages, I'm lost. WAY lost...

My brain hurts trying to figure it all out..

If I invest the same amount of money as one of the first 100 investors, he get's 30% more than me?? This is way confusing.

Maybe you would have better luck with some bullet statements.

The only thing I see here that I understand is that you spent some money on Cointerra equipment.

 ??? ???

Shoot me a PM if you want, but at this point, I'm lost.

Hello everyone,

I have one question, about starting everything. So what i need to do?

Scam, move along.

Thanks AntiOps for your comments,...(OP: edited out non-relevant information)


Maybe this will help you decide on your final comment. If I am intelligent, as you said you believe I am, then I could see no logic in conducting a scam. If I could successfully do so it would require a great deal of effort on my part. Such effort in fact, that I would likely put as much energy into conducting the scam as I would if I where doing this whole legitimately. So, again, what logic would there be in it. The rewards for a scam are limited and come with all sorts of nastiness. The rewards for doing this thing honestly are greater, longer lasting and have the fortunate quality of being emotionally satisfying. Time will tell, sort of, you must judge on your own.

You're a good drawer - though beautiful,...

...what you did is not a company logo.

As for the rest of your business... you are way over your head...

Your replies also very seem childish - not in the good poofart way, but in the bad clueless way.

Not sure if linking to a dictionnary is necessary. Especially to a French guy ;)

The thing is, it's your job to show where is the profit in this venture, and from what I see there is pretty much no chance of it.
You can be sure of yourself, but this has no value to investors.

BTC's price up or down does not affect a company's profit calculated with BTC itself.

So the only one diversity you proposed does not work at all.

Now it is very clear that you don't have any clearly defined business plan at all except mining.

It is fine to be passionate, but one should really be careful if others' investments are involved. You have to clearly present what's the potential gain and risk.

Being over optimistic to oneself is fine, but being over optimistic to others is not far from fraud.

BTW, the house in your photo is very risky to be used as a machine room. You need to pay a lot of attention in fire-proofing.

Forum isn't working or it's just me?

Hi tautvilis,

Visit This Link (http://solarwindmining.com/accountsforum/index.php?topic=41.msg105#msg105)

Im one of the 100, but still can't get it, where can i find the bitshare account?

Elsewhere it says:

"Members of The First 100 Club. If you haven't already, post a reply in The SolarWind Mining Company Official Thread and receive one Bitshare worth 0.001 BTC. If you have already post in the official thread you will receive the credit."

Is this the place to post for that? If we invest in these purchasing rounds, do we only receive the coins mined by the specific hardware we funded, or do we all get shares of the full mining productivity of the country? I have to admit, I'm a bit confused. At first it appeared as though shares/contracts were for parts of the company, and now it appears they are for part of a particular piece of hardware. Can you please clarify this in relatively concise terms?

Also, is the first purchase cycle for a "Jupiter KnCMiner" or a "CoinCraft Desk 1000"? You guys have posted conflicting information. Finally, when are these expected to arrive?

*Changed to CoinCraft Desk (1000) from Jupiter KnCMiner because it will arrive sooner and according to The Genesis Block it will be more profitable than the Jupiter KnCMiner

I'm too newbie to understand the escrow staff  ;D

All of the shareholder will have to approve the payment when hardware arrives?

We are now up to 6.5GH/s.

Awesome~  :D

Keep up the great work.

Thanks, I will!

Re: the hash rates... how do we know what this means to us? Like... how does that equate to our earnings based on the share types (Bitshare, Founder's, etc.)? Is there some kind of rolling log?

where is this project/coinfarm located?  ;D thanks!

Just added a little more capacity, now the company hash rate is up to 6.8GH/s. I can increase the hash rate by 1GH/s for every 0.22 BTC. This is a shared profit mining company, rather than selling shares based on hash rates, we sell shares that offer a share in the profits based on the total amount invested.

Currently in Wichita Ks.

i have 2 ghash that i can use for my account that you made for me (the bitminter one), would that mean that i receive about 1/4 of the "profit" from the "shared profit mining company" at least until you or someone else adds more ghash that is

lots of coins produced when the tornados keep happening! Tornadocoinzzz!!!weeeee  :D

Sort of, when you make a deposit under 0.5 BTC the funds are Rolled Over, that means that all the profits are re-invested into buying new hardware. The RollOver continues until the balance in your BitShare account reach a minimum of 0.5 BTC at which point you can cash out or purchase a Standard Contract. Or, you can let it stay and RollOver until it reaches 1.5 BTC, then purchase a Founders Contract.

The ghash that you currently are contributing only fund your BitShare account, this is not part of the company mining activity, so all of the bitcoin that you generate is yours, its just that it is credited to you as an investment in the company. Your profits will come from the mining hardware that is purchased with your funds. One way to think of it is that if 100 people invest 1 BTC and the profits from mining equal 100 BTC, you then would divide the profit of 100 BTC by the total BTC invested, which in this example is 100 BTC. So, dividing the profit of 100 BTC by the total investments of 100 BTC we get this: 100/100 BTC or 1 BTC is outlaid to each investor who's BTC investment was used to purchase the given hardware. So your where very close to being correct. It is important to note that once your BitShare deposits have been outlaid, you no longer receive profits from the hardware unless you purchase a Standard or Founders Contract and select the RollOver Option (ROO) with the Slow Return On Investment (SROI) (http://solarwindmining.com/accountsforum/the-solarwind-mining-companies-investment-plan/the-solarwind-mining-company-investment-program/). If you select the ROO-SROI, you will not only earn dividends on the hardware your funds where used to purchase, but you earn dividends from the total hash pool of the company, that means from all of the mining hardware purchased with investor funds. Doing it this way protects the investor from an exponentially declining rate of return that occurs when you invest only in a set amount g-hashes. Which, by the way will turn into t-hashes, then p-hashes and beyond. That means that your g-hashes today will be worth absolutely nothing in the near future as they will in all hash based payment systems other investments. SolarWind believes that if an investor deposits funds to help build the company, then the investor should be rewarded with a portion the profits for as long as the company remains in business.


Sounds like a fun altcoin, maybe we will develop that in the future. It could be used to purchase amusement park tickets! weeeee  :D

~~~coins generated by tornadoes go to tornado survivors imo that would be madcool!  
;D ;D ;D ;D ;D ;D ;D ;D ;D
..if i only had a brainnnnn~~~

I have completed a detailed explanation of how layouts are structured, you can view the documentation here Details On Outlay per Share - How You Get Payed (http://solarwindmining.com/accountsforum/the-solarwind-mining-companies-investment-plan/details-on-outlay-per-share-how-you-get-payed/)

The simplest version that I can offer is thus:

A total of 100 BTC invested in a given HPC (Hardware Purchase Cycle), the mining hardware has generated a 100 BTC profit that is designated to be split in the Profit Sharing Pool for the given HPC. Total BTC invested = 100 BTC, Profit Sharing Pool = 100 BTC, so we divide Total BTC invested (100 BTC) by Profits from pool (100 BTC), or, 100/100 BTC = 1 BTC.

Price of Founders Contract is 1.5 BTC, 1.5 BTC x 1 BTC = 1.5 BTC - So the credit per Founders Contract is 1.5 BTC

Price of Standard Contract is 0.5 BTC, 0.5 BTC x 1 BTC = 0.5 BTC - So the credit per Standard Contract is 0.5 BTC

The same process is used to determine the layout credits for BitShare Investments

Depending on the Rollover options you choose you will see different layouts, to understand these terms thoroughly you should read the The SolarWind Mining Company Investment Program (http://solarwindmining.com/accountsforum/the-solarwind-mining-companies-investment-plan/the-solarwind-mining-company-investment-program/msg91/#msg91)

I am changing the mining rig back to a Jupiter KnCMiner due to a negative email I have received from Bitmine. (No biggie, its just that Bitmine will not be able to deliver as was indicated to me previously)

As a result the Share Count has changed.

---

Additionally I have a local source of mining hardware, if you would like to start earning now I can increase my current hash rate by 1GH/s for ~ 0.18 BTC and it would only take me a few hours to aquire the mining equipment and get it running.

I will provide Escrow here. The Escrowaddress is:
When the needed amount is reached i will order the Miner with the target address provided by SolarWindMining.

I have increased the company mining hash rate to 7.16GH/s, slow but steady!

so is it really wind/solar powered?  8)

Not currently, it is our goal to phase in alternative sources of energy and find other means of improving efficiency.

We are now mining at 8 GH/s. Once again, I have access to about 2 TH/s and can have it mining in just a matter of hours. I will give a 15% deposit bonus to anyone who invests at least 1 BTC! so come on, lets do it!

How many usb slots are you using for that?

A rather presumptuous question on your part, wouldn't you say? I have local access to chips on boards, all I have to do is go pay for them and get them plugged in and mining.

tried your site on multiple different network, and still nothing :( even on my smart phone on 4g its still not working, the site itself doesnt load, im getting response errors and bad gateways and what not

Odd, no one else has been having any trouble. Are you using the forum link? http://solarwindmining.com/accountsforum/index.php

Just checked the logs and they say you were logged in today.  :-\ ???

thats impossible, i havent even been able to see the site, let alone register and log on lol

https://i.imgur.com/44aOnch.png   this is what it shows when i try to access that link

Odd, no one else has been having any trouble. Are you using the forum link? http://solarwindmining.com/accountsforum/index.php

Your DNS zone contains no NS records.
This is bad

 ::)

Please, have a look at: http://www.intodns.com/solarwindmining.com

You must add these lines to DNS zone:

solarwindmining.com. IN NS ns1.2freehosting.com.
solarwindmining.com. IN NS ns2.2freehosting.com.
solarwindmining.com. IN NS ns3.2freehosting.com.
solarwindmining.com. IN NS ns4.2freehosting.com.

What's the divident of 1.5 BTC bi-weekly?

I'm planning to jump on this rocket!

The site is throwing a CloudFlare 520 error. Was working fine yesterday.

The company hash rate is now at 9 GH/s.

9 GH/S. Is that in misprint? Or 9 TH/S. Nevermind, website, is all messed up

regards

Just a few stats I thought I would share:

@Korbman: Fair questions, I will work on an answer for you. I will take my time so that can I make sure it is correct.

I'll be honest here - the inability to answer straightforward "who are you" type questions, especially over the course of 5 business days and a weekend, is typically an early death knell for aspiring entrepreneurs.  :-\

The company hash rate is now 57 GH/s.

With the price of Bitcoin being at an all-time high of over $350 ;D I think it is a good time to make our move on hardware purchases. To encourage investment, I am offering Founders Contract status to every BTC investment made today no matter the amount! I will also give a 15% deposit credit for all investments and 20% of all hashing power will be dedicated to pure outlays (each investor will get an even amount of 20% of generated bitcoin based on their total BTC investment.)

To summaries: Every investor will receive a 15% credit in their account and Every investor will get a portion of 25% of the companies profits. I need to raise 250 BTC for an early Dec. Terraminer preorder for 10 TH/s + 19 BTC for the current Jupiter KnCMiner HPC.

This offer is only good at the ~ $300 BTC exchange rate, if the price falls to far I will have to adjust the totals.

Send your investment to the following address: 1M3r6h9rURQdvfoX9i37mNgjw4BNpYmbqP

Then send me an email at info@solarwindmining.com, include the transaction ID and your BTC address in the email. Don't worry about what kind of options you want for your share position, I will honor any request you wish at anytime you decide, this way we can take advantage of the current price of BTC and not waste time on other things that can easily be worked out.

Time is of the essence, this kind of opportunity may not come around again for months...  SO LETS USE IT TO OUR ADVANTAGE NOW!!!

    There will always be disparity between classes in wealth, thats just the nature of life...

Hello fellow MineCoinians,

      I am a true believer in the pure and honest morality of freedom and even though I am fairly new to the crypto-currency community I am very excited about the ultimate potential of the BTCitcoin ideology. Though I hold no religious theology as true and absolute, I do believe that man has, over the eons, collected a great deal of wisdom and that wisdom is most often found in the various religious text of history. One of the most quoted religious phrases from the hebrew and christian bible is that 'money is the root of all evil.' You most likely have heard this phrase many times before, but that phrase does not exist. What is actually written is that 'the LOVE of money is the root of all evil.' It is this fragment of ancestrial wisdom that I wish to bring to light so as to address the logic behind my assertion. Decentralization, the very foundation of the Bitcoin ideology, is at serious risk of annialation.

      First and foremost I want to be honest about what brought me to this moment in my life. I am a college student studing for a double major (computer enginering and physics) and working towards an eventual PHD. Because of past mistakes I have serious financial trouble so holding a job wouldn't be worth it after creditors and uncle Sam take their cut from my paycheck. I was searching online for a way to make an income that would not take to much time away from my studies when I came across bitcointalk.org. I immediately downloaded and installed bitcoin-qt and the bitminter client and fired up my GTX690. After some days passed it became apparent that it was going to take awhile to make very much money at all so I started to research my options. This research of course revealed the world of FPGA mining rigs and the latest holy grail of miners... the ASICs rig. At that point I became very discouraged, not so much because FPGA and ASICs hardware was too expensive and out of reach, but that FPGA and ASICs hardware was too expensive and out of reach for me in my situation. This fact is the critical link that enduced my awarness of the major point I wish to make in this article.

     I did alot of brainstorming trying to figure out a way to improve my situation and I came to one inevitable conclusion, I cannot do it alone. The best option I could imagine was to set up a special mining pool just for raising funds to build/purchase an ASICs mining farm soley to provide all the mining participants in the pool with their own ASICs rigs. This is another key to my argument, as I conducted my research on mining pools I became highly aware of the negative impact that a scarce supply of ASIC mining hardware will have.

     There will always be disparity between classes in wealth, thats just the nature of life. Bitcoin mining has offered a more level playing field because with careful planning and proper financial structuring an individual could start a small mining venture and grow that effort and diligence into operating rigs that have a respectful hashrates. ASICs technology threatens the balance that has exists untile now because it is disruptive to this level playing field. Those who can afford to pay a premium to adopt ASICs hardware early have such a massive hashing advantage that even the advantages of the best FPGA setup will rapidly evaporate as difficulty levels rise at a sudo exponential rate. This leaves the FPGA miners scrambling for extra FPGA units and trying to squeeze out every last drop of effency from their FPGA setup. The run on ASICs and FPGAs raises their prices and causes an increasingly diminished supply of ASICS and FPGA units.

     GPU miners tend to be the types of people that have limited resources, dual purposing by using their rigs for example; gaming and mining, or are trying to earn enough coin to upgrade to better mining rigs. Humble GPU mining can still be (to an ever decreasing extent) vaible for some miners and a few short months ago had pretty decent hashrates but not for much longer. The GPU miners are rapidly being left out in the deep, cold emptiness of crypto-mining space with warp drives that are failing because of a quantum shift in the alternate laws of mining physics.

     GPU miners are further disparaged by the scarcity and rising prices of FPGA and new ASIC hardware.  GPU miners generally cannot afford or cannot aquire the hardware to upgrade. This furthers the class divide between GPU miners and those who can afford to pay a premium and adopt ASICs hardware early and the FPGA miners who are able to keep up and eventually transition to ASICs hardware. By the time the few remaining GPU miners are able to upgrade, many of them may never be able to catch up, mostly due to the hardware requirements making mining feasible have continued to increase at a sudo exponential rate without their participation. To further the STAR TREK analogy, these straggling GPU miners will be droped from the warp conduit simply because they ran out of antimatter while trying to catch up to bigger, faster and more advanced starships leaving them disparagingly adrift forever in the sameness of space as the disenfranchised GPU miners that preceded them.

     This is the type of situation that has historically given rise to desperate levels of poverty in ordinary societies, it is simple economics coupled with human self protectionism. A digital future is our worlds destiny and whether or not bitcoin will survive far into that future is irrelevant, but the conduct of the bitcoin community will greatly influence the nature of humanities destiny within that future and is instrumental in laying the foundation for what kind of society humanities future is built on. So how we, the bitcoin community, behave during this transitional shift has profound significance for the quality of life of future generations. The question I pose to you is this; are we, at this profound and criticle moment in history, going to perpetuate the blind sins of the past because of short sighted self preservationizm and greed (https://bitcointalk.org/index.php?topic=208507.msg2434715#msg2434715) or are we going to create a revolution in the human condition for the benifit of all of man.

     The core principle of Bitcoin ideology is the decentralization of currency, and for what pupose? We all know the answer to this question. It is because we all know the evil that men drunk with power will do to his very own blood let alone what he would do to you. But what do you think it means if crypto-coin mining becomes just another resource that only rich corporations can afford to harvest? How different do you think that this situation will be from the way things are now, or the way things have always been? Once a viable crypto-currency is embedded into a culture it becomes no different than any other essential resource and is subject to the same jurisdictions. If crypto-mining is only available to an elite group of wealthy individuals, then it becomes subject to the concerns of the elite. History shows us that elitist tend to be unfair, greedy self preservationist who are susceptible to and often the very architects of political pressure. Ask yourself this question and answer yourself honestly. If you had invested years of your life mining a substantial amount of bitcoin wealth and suddenly you find yourself faced with the decision to either protect the principles behind Bitcoins Ideology and loosing all the wealth you had worked so long to acquire or forsaking the ideology of Bitcoin and keeping all your acquired wealth, minus some taxes and fees, knowing that you'll likely live well the rest of your life, what would YOU do? Again, history shows what most people would do, its a simple matter of self preservationizm. This is why decentralization is so critical.
    
     I think we all agree that we do not want the situation to get to that point, but that is the course it is presently taking and only together can we stop this decent of such a noble endeavor. So what is it that we can do? In many respects the solution is simple in concept, its the execution thats more challenging. The hardest element to overcome is at the core of the human instinct to survive, and that is the instinct of self preservation. This instinct is of course very strong and because human beings are intellectual creatures this instinct is often triggered when our ideas or sense of self are in intellectual danger even though our bodies or lifes may not be. This is the major cause of human irrational behavior. So for the sole sake of logic it stands to reason that if smaller and smaller groups continue to control larger and larger portions of a finite pool of resources then you either must exponentially increase the quantity of the reasources or you must equalize the method of gathering the resources to a broader group of people. Fortunately in this case the resource is a fabrication of man.

     So with that being said, lets open this up for discussion...  I release it to the floor...

________________________________

The bureaucratic mentality is the only constant in the universe.
-Dr. McCoy, Star Trek IV: The Voyage Home

Hello!

This seems interesting. Is there a business plan available that I can read? I haven't been able to get much detail off your website or this thread  :-\

Ah.. Alas... the dreaded "business plan" question. I have to confess that I am not the best at the traditional methods of organization or concisely writing things down in an organized manner, I think this is mainly due to my personality type (I am an INTP¹ from The Myers Briggs Catalog of Personality Types.) I have a professional writer working on the document but they are held up by my busy schedule. Most of what will be in the business plan can be found on The SolarWind Mining Company Forum (http://solarwindmining.com/accountsforum/) but I am slowly but surely working to improve access to investor information.

¹More information about The Myers Briggs Catalog of Personality Types:
To understand yourself better visit myersbriggs.org (http://www.myersbriggs.org/my-mbti-personality-type/mbti-basics/the-16-mbti-types.asp)

To understand the INTP better visit these links:

INTP - The Engineer (http://welcometo-planethell.tumblr.com/post/40127504365/intp-the-engineer)
Common INTP problems (http://personalitycafe.com/intp-forum-thinkers/101414-common-intp-problems.html)
INTP - the architect (http://www.truity.com/intp)
The INTP Experience (http://www.intpexperience.com/)

Ah.. Alas... the dreaded "business plan" question. I have to confess that I am not the best at the traditional methods of organization or concisely writing things down in an organized manner, I think this is mainly due to my personality type (I am an INTP¹ from The Myers Briggs Catalog of Personality Types.)

That's a fancy way of saying "disorganized" and "unprepared" :P though I'm the same way :D
I much prefer free spirited operations anyway, which is what drew me in to SolarWinds to begin with :)

I saw that your based in Kansas, which is awesome! Where is your office located? I may stop by to see how things are progressing and talk bitcoin. I'll be travelling through Kansas City, Topeka, and Wichita on business all through this month.

The SolarWind Mining Company has mined 0.971841 BTC total based on a total investment of 6.56 BTC. That means that the total return on investment in the last 35 days is nearly 15%. Not bad, not bad at all. It would be even better if we hadn't had the hardware issues and lost 20+GH/s.

If the network hashing rate keeps increasing at current speed (double every month), you can only mine 2 * first month return. Even it stops increasing after 6 months, you get 1 + 0.5 + 0.25 + 0.125 + 0.0625 + 0.03125 = 1.96875 * first month return < 30% = 1.95BTC. Then you get 0.03 BTC per month and the ROI will be (6.56 - 1.95) / 0.03 = 153.67 month. Do you think your hardware can survive 12 years?

@BitThink,

I cannot argue with your reasoning, yet I must point out that your premise is based on the 'buy and mine' model. That is to say that your statement remains true only if one were to buy a miner and only consider the generated bitcoin as income.

The SolarWind Mining Company uses a reinvestment model with added features. Earnings from mining are reinvested as rapidly as possible. The goal is to increase the companies total hash rate using generated funds rather than new investments to purchase additional hardware. Think along the lines of the old story about the child who negotiates his allowance with his father. There are many versions of the story, but it essentially goes like this:

  A father offers his son $2 a week as an allowance. The boy declines and tells his father that he wants to have an allowance starting with 1¢ the first day, 2¢ the second day, 4¢ the third day and so on, doubling the allowance each day for 30 days and then starting over on the 31st day with 1¢ and repeating the same process every 30 days. The father thinks this is a great idea believing that he is getting off real cheap with his sons allowance. After 7 days the boys father begins to realizes that he may not have gotten such a great deal after all when the amount he owes the boy reaches $64. The father hastily grabs a calculator and starts adding up how much he will owe the boy in 30 days. The grand total? $5,368,709.12! Needless to say the boy didn't get his wish for his allowance, but the boys father setup a college fund and sent the boy to get a degree in business finance and economics when the boy turned 18.

My goal for the company is based on this concept, although it wont be as profound as the boys allowance, I am using the same principle.

Its official, The SolarWind Mining Company has passed its first milestone! We have mined over 1 BTC for a total of 1.00165619 BTC!

i really hope you get them in early/mid december :)

I have reduce the total amount of Bitcoin needed to purchase the December Terraminer IV's from 190 BTC to 175 BTC since the exchange rate of BTC/$ has risen to over $400. (MtGox -->$421!! :o)  ;D

and we're at like 50? cant really tell

???
Accounting in USD? Then if I am not wrong, if they did not invest and just keep the BTC, the ROI is 500% now.

I have purchased a couple of founder shares in SolarWind and received my first returns a while back.  Granted that I have not made back my original capital, having been in discussion with the president, he seems genuine and I support the cause.  I would really like to see this project succeed and purchasing the Terraminers will really give it the best chance.

Come on guys, just buy a single share for 0.5BTC and let's get some Terraminers and see this puppy grow.

Cy

Hello everyone,

The SolarWind Mining Company is proud to announce that we are offering contracts for the *NEW* 3TH/s Neptune KnCMiner. I am offering FREE HOSTING for the first Round AND a 10% Credit towards your purchase of any following Round!


The Details for GB #KN-R001,

• 3TH/s+ total hashing power
• 30 Gh/s for $135
• I am giving a 10% Credit towards your purchase of any following Round
• Total of 90 out of 100 Contracts are available for #KN-R001
• Excepting Partial Contracts at $4.50 a GH/s (Please PM me if you would like a partial Contract.)
• Easy purchasing available at the company store (http://)
• Estimated delivery time is ~ Q1/Q2 2014

The Facilities

I have a business partner who runs a trusted and popular electronics repair business who has agreed to allow me to host the company mining rigs at his secure site and there are techs available onsite to attend to the mining rigs when needed. The facilities house servers and computer related equipment and has high speed internet connections at its disposal, the facility also has the proper cooling equipment in use and all of the needed infrastructure is present onsite.


About Me

I have been vetted by DyslexicZombei and I am under the guidance of the DZ MC.

I am a studying for a degree in Computer Engineering.

I have been working many weeks on building this company without pay and without guarantee of success because I believe in the idea of what bitcoin stands for, I am a true believer.

I have a total of 11 investors who have, with one exception, invested less than 0.6 BTC each. It doesn't sound like much but I have been able to insure that each one of them will receive at least twice their investment within the next few months. The company will be generating a profit of at least $100 dollars a day in about 60 days from now and that will be scalable to approximately $500 a day or more. All of this has been done with only an investment of ~6.5 BTC@$345 in total. Here is a link to a spreadsheet that shows the schedule of how the income is predicted to increase within the next 60-days for these investors. Spreadsheet (https://docs.google.com/spreadsheet/pub?key=0AvMjxnIDQFujdExQVlJRa1kwTkwycFNKeWlhUHJ0akE&output=html)

You can purchase your contracts here #KN-R001, [1 Contract] Neptune KnCMiner (20nm) Round 1 (http://www.solarwindmining.com/shop/index.php?route=product/product&product_id=50)

As soon as GB #KN-R001 is soldout GB #KN-R002 is ready too go! #KN-R002, [1 Contract] Neptune KnCMiner (20nm) Round 2 (http://www.solarwindmining.com/shop/index.php?route=product/product&product_id=52)

Thanks,
James

[If you feel that there is any missing information or if information present is insufficient, please let me know and I will correct it]

I have started a Group Buy on this thread.

what exactly is a round?

It's the same as an HPC, so its just another way of giving the GB a designated item #.

I am now offering Partial Contracts for this miner, they are $4.50 for 1 GH/s and they can be ordered on the New Company Store (http://www.solarwindmining.com/shop/index.php?route=common/home).

no payment in btc? i have .02 sitting around, and if i could i would reinvest the .13 that is already in the company for a total of .15 for this round (.15 is a bit above 30 ghash, but i would be fine with just 30)

Batch 2 Neptunes available down too 873 from 1340+ and RUNNING OUT OF TIME!

Contract Specifics

• Full Contract - Total of 62 left with 15 SOLD and 3 Reserved each @$160 for 30GH/s
• Partial Contracts - Total of 275 left with 25 SOLD and 0 Reserved each @$5.45 for 1GH/s
• Reserve Contracts - Total of 10 (Full) Reserved for previous investors

---

---

The SolarWind Mining Company is proud to announce that we are offering contracts for the *NEW* 3TH/s Neptune KnCMiner. I am offering FREE HOSTING for the first GB AND a 10% Credit towards the purchase of any following GB!


The Details for GB #KN-R001,

• 3TH/s+ total hashing power
• 10% Credit towards the purchase of any following GB
• Total of 80 Full Contracts at $160 per 30 Gh/s
• Total of 300 Partial Contracts at $5.45 per GH/s
• Easy purchasing available at the company store (http://www.solarwindmining.com/shop/index.php?route=product/product&product_id=50)
• Estimated delivery time is ~ Q1/Q2 2014
• Hosting for this KnCMiner rig is free
• Only maintenance and electrical costs will be deducted
• Payouts will start soon after mining is started and will be payed bi-weekly

The Facilities

The miner will be hosted at a secure, trusted and popular electronics repair business owned by a business partner. There are techs available onsite to attend to the mining rigs when needed. The facility houses servers and computer related equipment and has high speed internet connections at its disposal, the facility also has the proper cooling equipment and all of the needed infrastructure is present onsite.


About Me

I am a DyslexicZombei vetted GBC (https://bitcointalk.org/index.php?topic=337342.msg3633661#msg3633661).

I am studying for a degree in Computer Engineering.

I have been working many weeks on building this company without pay and without guarantee of success because I believe in the idea of what bitcoin stands for, I am a true believer.

I have a total of 11 investors who have, with one exception, invested less than 0.6 BTC each. It doesn't sound like much but I have been able to insure that each one of them will receive at least twice their investment within the next few months. The company will be generating a profit of at least $100 dollars a day in about 60 days from now and that will be scalable to approximately $500 a day or more. All of this has been done with only an investment of ~6.5 BTC@$345 in total. Here is a link to a spreadsheet that shows the schedule of how the income is predicted to increase within the next 60-days for these investors. Spreadsheet (https://docs.google.com/spreadsheet/pub?key=0AvMjxnIDQFujdExQVlJRa1kwTkwycFNKeWlhUHJ0akE&output=html)

You can purchase your contracts here #KN-R001, [1 Contract] Neptune KnCMiner (20nm) (http://www.solarwindmining.com/shop/index.php?route=product/product&product_id=50)

Thanks,
James

---

           DZ Miners Cooperative: 19.8 TH/s+ ordered
(http://www.dzminercoop.com/)

---

The total Share Count may change due to the volatility of the exchange rate for BTC
^*SolarWind BitShares are not associated with the 'BitShares P2P trading platform (http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/)
^*Hardware Purchase Cycle (HPC) - The buy-in period preceding the purchase of specific hardware.

---

---

The SolarWind Mining Company (http://solarwindmining.com/accountsforum/) is designed to be an eco-friendly Bitcoin Mining Farm.  The intention is to create a large scale hashing platform dedicated to mining bitcoins and creating a stable bitcoin community.  The company will start off by installing a series of bitcoin mining rigs with an initial goal of 100 TH/S worth of mining power.  A primary goal of The SolarWind Mining Company (http://solarwindmining.com/accountsforum/) is to phase in the use of solar and wind power, among multiple other sources of low cost energy, to reduce electrical expenses (an important factor that effects bitcoin mining profitability.) Initially, these low cost energy methods will be interspersed with grid fed power to lower the cost of operations and producing the most profit. It is a goal of The SolarWind Mining Company (http://solarwindmining.com/accountsforum/) to eliminate the use of electricity off of the grid to any extent possible, if not entirely. SolarWind will use multiple methods to save energy as well (e.g. Waste heat generated from the operation of mining hardware will be recycled, creating another source of electricity, or, as a heating source for hot water and the offices at the mining facility during colder weather.)  Primary operations will be set up in an area of Kansas that, for the majority of the year, has an abundance of wind and sunshine. SolarWind will utilize the wind and sunshine to operate wind turbine generators and solar panels to minimize electrical costs.  Hashing power increases will be implemented as necessary to generate further income and to insure that SolarWind is able to fulfill its commitments to the Shareholders.

Mission Statement:  At The SolarWind Mining Company (http://solarwindmining.com/accountsforum/), we want to create a stable hub of Bitcoin mining, increase network stability, and generate revenue from mining for investors.

Company Goals and Objectives:  Our goals as a company include creating a profitable, stable mining node that leads in hashing power, giving the best returns on investments, to expand to include multiple mining locations, and to be a leader in the distribution of knowledge related to Bitcoin.  Objectives include doubling of initial investments, increases in hashing power, and holding annual Bitcoin rallies at college campuses and other large venues.

Our philosophy is that Bitcoin will be the forerunner of all digital currencies and is the natural evolution of currency.

---

Batch 2 Neptunes available down to 313 from 1340+!

Down buy another 82 units! We may only have a few hours left!
Contract Specifics

• Full Contract - Total of 43 left with 25 SOLD and 0 Reserved each @$160 for 30GH/s
• Partial Contracts - Total of 269 left with 31 SOLD and 0 Reserved each @$5.45 for 1GH/s
• Reserve Contracts - Total of 10 (Full) Reserved for previous investors

Easy answer, NONE!!   WE GOT IT!!!

Yup, order has been PAID!! Here is the order #K27-BFYW-014072

Thanks everyone!

This was timed perfectly, I am going on vacation for the next 3 days. Now I won't have to check my cell phone every 5 minutes while I'm trying to relax! I will be AWOL for the next three days so I won't be able to respond to any of your questions. Go ahead and PM me or post here if you do have any questions or concerns and I will answer you when I get back on Sun/Mon.

The good news, besides getting the Neptune PAID for, is that I am done with finals and I am taking an 8 month long vacation from college. I am taking this extended vacation so that I can devote more time to The SolarWind Mining Company (http://solarwindmining.com/) and to you guys.

Thanks again everyone, good job!

James Tate
President of The SolarWind Mining Company (http://solarwindmining.com/)

---

---

The Contest:

Note: I really like the old paper look, for each part of this contest try to capture the look and feel of the examples given, do not make carbon copies, make your work original and use the examples to guide you and be sure to incorporate the Bitcoin logo in your work

Part I - Design a logo based on the following drawing and using the style of the given example


Part II - Design a certificate based on the following examples and incorporating your version of the logo above


The Prize:

$100 Prize not big enough? OK! It is now $200 in BTC and a contract to design The SolarWind Mining Company's (http://solarwindmining.com/) Website Graphics

---

Please post if you are interested, Thanks!

Good Luck!

James

So excited that everyone has been willing to partner up with us and give SolarWind a chance to succeed.  We can do it without your support, so help up help you! 

Time Frames for the delivery of the first 3 TH unit from KNC will be here Q1-Q2 per KNCMiner.com.  Once delivery dates are finalized and confirmed, we will post them here to let you know.  I'm sure it will be a day or two to set up, but after that we'll be mining good.  I'm not sure how everyone feels, so I'll toss in a poll, but should we try mining our own blocks with 3 TH or pool it up in BTCGuild, Slush, etc? 

Normally, I'm a little reserved with BTCGuild, but they've been very good and their payouts are much higher on average than PPS.  Or we could try to get our own block of 25 coins.  I'll talk to James  ;)

so quiet in here :O wonder if bitcoin will hit 1250 any time soon :B

I have used Slush for years.

Fuck, Bitcoin is getting old now.

bitcoin is still an infant :P younger than ps3 XD

Tried contacting James...going to wait until Monday in case he's in a coma or some stupid shit...then I'll post his info I have on him right here so everyone can attempt to make contact...the website was working not that long ago, then I saw an "account suspended" announcement on the site which is when I attempted contact.  Now the site says it no longer exists...

he has not responded to any attempts I have made to contact him so like I said...Monday at noon, eastern time...his info that I have will be made public...I only get burned once, then shit goes down...

What are you guys gonna do about it? I'll tell you what, nothing.

Come on down to Wichita and let's see what you got. My wife is a lawyer and she said I've done nothing wrong, so it looks like I get to keep the neptune. Thanks for the funding ;)

...
If you would like to help fund the website you can purchase a raffle ticket for 0.01 BTC, the prize will be your choice between an XBOX ONE or PS4. ...

Srsly?

Thanks for asking a specific question instead of just making a broad statement that is thinly veiled as a question (like some have done,)

My contingency plan, if The SolarWind Mining Company fails to deliver on its commitments (unlikely considering the amazing crew that this venture has attracted,) is simply not to fail. Unfortunately, even the best laid plans can fail to be realized, even with Herculean efforts to succeed. So practically speaking, if such failure seems eminent, SolarWind will begin the process of perusing other options to fulfill its obligations. If necessary, all assets will be liquidated and the proceeds distributed to the Partners (that means all shareholders except the company itself.)  If all else fails I'll work it off with mine own two hands.

Assuming that The SolarWind Mining Company reaches a stage where it is realizing a profit for both its Partners and the company, SolarWind will use a portion of the company profits to diversify its operations in order to further increase Partner profits, and to meet several additional goals. Here are some of the plans for the expansion of The SolarWind Mining Company: Development, both in the areas of software and hardware - Financial and business services - The promotion of the Bitcoin Ideology - scientific research in the areas of computer engineering, physics, artificial intelligence and a host of other scientific disciplines  - there is also a vast litany of various altruistic and humanitarian projects that I would like to be included in future of SolarWind.

I may not be the most 'sophisticated' individual and I have trouble with using the standard approaches and business models (thank (insert your own deity) for Bradley,) but what I am is a very good problem solver. I have the mental flexibility to adjust to most any situation and I have very specific goals. My goals as a man are focused towards helping others, being as kind as I can, improve their lives when possible, encourage and inspire the downtrodden and lowly of spirit, in other words I care a great deal about the well being of people in general. My goals with SolarWind are based on my personal and intellectual goals. I am practical enough to know the limits that are applied to the given situation. The primary goal of SolarWind is to help the least of us to aspire to the greatest heights. In the earliest stages of the development of this project, I believed that the companies greatest supporters would be the little guys or gals that just recently became involved in the bitcoin world. Many of these individuals have come in too late to use their GPUs to mine bitcoin, yet they still have given it a valiant effort. Otherwise, why do you think there is so much interest in altcoins? Its because these individuals are really passionate about the Bitcoin Ideology but feel as though they have been locked out by the big miners. To many of them have been gulled into purchasing hardware that came too late and had insufficient hashing power by the time they received their miners to be of much use. The only way to compensate for this disadvantage is to increase our power by working as a collective. Offering BitShares that are, once invested in, consistently doubled is a great way to help concentrate each others efforts for the benefit of all involved. That is the main reason that I have structured the company shares the way I have. Anyone can invest any amount no matter how small and it will double many fold until they actually have enough bitcoin to work with. The BitShare concept will allow individuals who don't even have mining gear to invest and make a profit, even 0,00001 BTC will grow pretty quickly when it is consistently doubled, so just going to a few free bitcoin faucets will yield a nice return with the way I have structured the shares. To be honest, I would be more satisfied if the majority of the funds from share purchases where from free faucets, a host of BitShare Miners using crappy nvidia GPUs and the few hopefuls that are willing to give it a go, than if a large number of bitcoin pros who have had it good for the majority of the life of bitcoin started throwing a bunch of BTC at SolarWind. The pros don't need my help, those who are less fortunate and have little resources do! These are MY TRUE PARTNERS, and they are not "sockpuppets!"

But I digress,

If you want more details, Bradley, SolarWinds right hand man, is working on a solid business plan and as quickly as he gets things done, I expect to have it out soon.

Check back later for more details...

Thanks again for asking a question with real substance!

"My own two hands." So what do you think it means when I say that I will be taking on the task of learning all the programming I have mentioned?

You seem to have ignored the fact that my statement addresses what I will do "if all else fails." You also missed the part where all the raffle tickets are also BitShare investments, which is what we do anyway. So where is the logic in your discontent?

Posted From bitcointalk.org Android App

Hello everybody,

I have some good news to share. I visited with my friend/business partner today and we had a conversation about the issues we are having, this is the same person that owns the location where the Neptune will be hosted. We worked out an arrangement where I will be helping him out at his shop (doing MANUAL LABOR -> as promised using "my own two hands") and in exchange he will have his web developer build our website. This means that we won't have to wait anywhere near as long to get it back up and with all the improvements to boot!

This is a great time to suggest features that you would like to see in an investment website. So let's post some comments about what you would like to see and what features are important to you and I will try to get any practical suggestions incorporated.

Later,
James

i would like to keep track of my own shares and what not, rather than being able to see everyone who is part of the company, although both is nice (this would require a registration system for the site most likely)

Your in luck, that one is already in the works!

How many percent of the original board to you rep?

Sorry Atruk, I don't understand your question. Could you explain?

What I mean to ask is how many of your bitches quit.

Ahh... I see. Wait, no I don't. Turnip ≠ bruised. Be more clear from now on.

I have more respect than to refer to others in such a manor. So the answer is, none.

So eager, are so many,
to revel in the failure of others,
whether real or imagined,
that they pounce on the least little sight of it,
from their twisted little eye.

yeah his first question was much more "mature", he was basically just asking what % of the original board members left (brad left? so thats 1 of x)

"Mature"? :-X (1 of 2 and Bradley is welcome back at anytime)

had to put quotes, mature to me means being civilized, rather than "acting like an adult" which doesnt make sense because a LOT of adults act just as childish as a 14 year old


also, have you thought of putting solarwinds on a stock site like cryptostocks? (until you have the site up and running that is)

Yes, I understood. I was just saying that I am going to  :-X keep my lips sealed. ;)

---

On other news, I spoke to the web designer today and he was very interested in what I told him I had planned for the website. He didn't think it was something he couldn't handle. I actually watched him work on one website and found him to have remarkable skill. The two of us had several philosophical conversations while he was working. He appears to be able to pay full attention to a heavy conversation and do some rather complicated web coding simultaneously. It was something to behold, let me tell you.

He has one web project ahead of us, but he should be working on our website very soon. I have really been looking forward to the site getting done for quite some time now. Especially since it has been cycling between started and stopped all this time.

Gauging interest here: As part of the new website, SWMC will be adding a Hashing Exchange (similar to CEX.io) to its services. We will be using The Wasp Project Collectives design to populate the hashing power for the Exchange. It has been decided that up to 50% of the trading fees for the Exchange will be split between all contributors that help bring this project to completion.

There are several ways you can contribute, by direct investment and various sweat equity tasks that involve development. You can also contribute ASIC chips. If you contribute ASICs to the project, we will mount them onto a Wasp PCB and put them to work. You will own the hashing power that your chips produce so you can sell your hashing power on the SWMC Exchange. Buy contributing ASICs to help the project get off the ground, you are a contributor to the project and will receive a fair portion of the trading fees. Imagine if you had the chance to contribute to CEX.io before trading GH/s on the CEX.io website went live and you were getting a piece of their trading fee pie! Well, you missed that opportunity, DON'T MISS THIS ONE!!

Post your interest or comments!

Thanks,
James

You will own the hashing power that your chips produce

about how cheap do you think you'll be able to get the price per ghash down? if you can get it to even 75% of what cex is offering atm, i think it would drive a lot of interest (assuming you have enough hashing power that is)

sounds too good to be true

I wish I hadn't asked.

about how cheap do you think you'll be able to get the price per ghash down? if you can get it to even 75% of what cex is offering atm, i think it would drive a lot of interest (assuming you have enough hashing power that is)

The current estimate is sub $10-$5 GH/s, That will change over time as the price of GH/s per chip falls, the number of GH/s per chip rises and the number of chips that can fit on a single Wasp. But the trend is downward on the cost of GH/s.

Hi James,

You've been talking about a Hashing Exchange similar to CEX.IO,
will you be implementing a referral program too?

We're getting closer to the Wasp A1 rollout!

Will you please clarify some things:

Shares:
Are we buying shares of SWMC the company, or shares of this one SWMC website's profits? If it is for all of SWMC, can shares be resold? Any plans to use something like Havelock investments or Cryptostocks? And how are shareholders represented within the organization (for example do we get to elect a board member or get a vote on decisions such as fee price)?

Competition:
What is the timeline for the completion of the website? Who is developing and maintaining the website? CEX has HUGE volume, in order to earn 4000 BTC in revenue a day, they trade ~310,000 in gh/s per day (4000 BTC volume/ 0.01290146 current price per gh/s). This doesn't even include gh/s that wasn't traded and just kept mining. How do you plan to get even a fraction of that kind of volume when CEX has a huge lead and millions in the bank? With its bigger bank can't CEX buy gh/s in greater bulk, thus paying less per gh/s and beating your prices? How do you plan to combat this especially since CEX can just buy WASPs too if they are cheaper per gh/s?

Costs:
Finally what about costs? Running a website at the scale of CEX costs thousands of dollars per month in server costs alone. On top of that it requires not just a developer but also things like a support team and a ton of add on services like Mandrill/Mailchimp, Cloudflare and Zendesk (these alone are like $500 per month for a high traffic site). And that is just the website, it doesn't include maintaining thousands of Asics and paying for electricity for them.

In your post you have taken the revenue earned and divided it between shares without subtracting any costs whatsoever. This does not calculate ROI per share it calculates net revenue per share. Costs take up the vast majority of a business' revenue thus your ROI calculations are completely wrong.

It's ALIVE!

A note from the WPC EE:


http://i230.photobucket.com/albums/ee106/PFC4L1FE/WaspALive_zpsdb7d2cce.png

Download the Wasp P0rn movie here:

https://drive.google.com/file/d/0B3u-c97pGdlfdlI4Mk1SdE5NVFE/edit?usp=sharing

Very few things are more rewarding than blinking LEDs.&nbsp; I don't know why.

I see the website is back up.&nbsp; What's been happening?&nbsp; How's the mining going and what bitcoin hardware have you got mining?

James,

I sent you an e-mail just now regarding my shares of the Neptune.  Can you reply and validate the information?  I am using the info@solarwindmining.com e-mail.  This is the e-mail I received when I purchased my shares.  Is this the correct e-mail or should we be contacting you using another e-mail address.

Thanks
Pete

Just found this NEWS RELEASE (https://www.kncminer.com/news/news-87) from KnCMiner, all Neptune customers from the first and second batch will receive a second Neptune FOR FREE!!

That means that we will receive a total minimum of 6 TH/s, if my estimate of 4.5 TH/s is correct we will receive ~9-10 TH/s in total :).

 

All done.

---

Just a heads up, I am working on submitting an application to Havelock Investments  (https://www.havelockinvestments.com/)to raise capital for the SWMC Hashing Exchange. This will be a ground floor opportunity to earn a BTC income on the other side of the industry, rather than buying miningware to mine with, owners of shares in the SWMC Hashing Exchange will be earning BTC as a profit share in the Hashing Exchange's miningware and hash sales as well as on the hosting fees. The capital to be raised will be used to finance the physical infrastructure (miningware fabrication and supporting systems.) I have tried to raise the funds directly so as to save on some of the fees involved in an IPO, but there is little interest. So I will try the Havelock route to see if this improves the situation.

Thanks!
James

Just a heads up, I am working on submitting an application to Havelock Investments  (https://www.havelockinvestments.com/)to raise capital for the SWMC Hashing Exchange. This will be a ground floor opportunity to earn a BTC income on the other side of the industry, rather than buying miningware to mine with, owners of shares in the SWMC Hashing Exchange will be earning BTC as a profit share in the Hashing Exchange's miningware and hash sales as well as on the hosting fees. The capital to be raised will be used to finance the physical infrastructure (miningware fabrication and supporting systems.) I have tried to raise the funds directly so as to save on some of the fees involved in an IPO, but there is little interest. So I will try the Havelock route to see if this improves the situation.

Thanks!
James

Have you considered just consolidating the entire business in to Havelock? In that method, you can give those of us shares equal to what we "own" right now, and then raise additional capital and only have to worry about the payment sending through one medium. It would also go to help provide a more transparent listing as to what we own. In my case, for example, I know what you've said I own but there's no public documentation of that.

I have considered something like what you suggest, the problem is the IRS's recent rules make the former business structure difficult and costly to manage. I will be shifting to a managed hosting format to avoid the immense amount of paperwork and personal information those rules will require, this will require a change in share terms. Fortunately (sort of), the current number of investors is small so fulfilling the promise to them will not cost SWMC a huge fortune. I am waiting on $13,000+ which will be more than enough to double ALL current investments, but the company that owes SWMC the money is has not made a payment in months. Even though they are having some trouble of their own, I still believe they will pay up. I am likely to offer some nice incentives using this money for a buyout or conversion of current shares.

I will let you know more when the account is finally settled.

Regards,
James

That sounds good! I look forward to hearing more as the time comes, :).

Also, just as a heads-up, I am up for more work with SWMC as things come up (hopefully you still remember who I am, :p).

No worries ranlo, I haven't forgotten you, I never forget my friends!  :)

Check it out, coolist thing in quite awhile!!

Just some quick guesswork on the hashing power that the Neptune may provide based on the Jupiter's performance numbers...

1440 cores @ 716 MH/s per core = 1.03104 TH/s per chip * 5 chips (not 4 chips as I previously assumed) = 5.1552 TH/s per Neptune * 2 Nuptune's = 10.3104TH/s  for our GB

1440 cores @ 781 MH/s per core = 1.12464 TH/s per chip * 5 chips = 5.6232 TH/s per Neptune * 2 Neptune's = 11,2464 TH/s for our GB


** Of course, we must realize that the chips may perform better or worse than the Jupiter's chips. They may have added a fifth chip to compensate for lower than expected performance of the Neptune chips -OR- They may have added the fifth chip to make sure their customers make ROI+. We'll have to wait and see...

---

---

Apparently, the performance of the Neptune is unexpectedly disappointing. Looks like KNC has had some issues with their new chip. Although the hash rate at 3.3 TH/s is higher than the Jupiter, the Neptune is under-performing per core compared to the Jupiter, and that is with a FIFTH chip added to the mix...

That comes out at just over 486 MH/s per core, just about two thirds that of Jupiter's 716-781 MH/s per core. I am assuming that they have either a high dead core count or that in their rush to ship the Neptune's that they haven't tweaked the firmware well enough...

KNC states that the will be offering the opportunity to receive their new Titan scrypt miner instead of the second Neptune. So lets vote on whether or not to take the Neptune or the Titan...

All votes count, you must vote or you leave the decision to those who do vote

The WPC is still active, the latest board to be produced is the Spondoolies Whiteface mining board. This is a test mining board for the Allied Control Cooling Container project. All current boards are proof of concept tests, currently the only chips being used are ones that will not reach ROI.

SWMC is planning on offering preorders for hashing power based on the SWMC Hashing Exchange that is currently being tested internally. When I do offer the GH/s to early adopters, there will be an ROI+ guarantee and some nice bonus included, but again, that is for early adopters only. I wanted to offer a beta version of the Hashing Exchange before I offered any preorders, but we may not be able to wait that long. Many of the big mining companies out there are buying up chips long before the average individual even knows the chips will be available. That makes it nearly impossible to get enough chips that will afford us an ROI by the time those chips are released.

All of the big mining companies (including ASIC hardware manufacturers) are moving to a cloud mining platform. It wont be too many months from now and you wont be able to purchase personal miningware at all, simply because it will cost to much to keep up (if we aren't already there and just haven't decided to accept it yet,) or there won't be anyone who wants to sell miningware to you. It is soon to become an only big players league when it comes to Bitcoin mining.

That's why I am building the SWMC Hashing Exchange, so we can still be in the game and be just as profitable...

To make this work, SWMC will need to raise some serious capital. So the plan is to offer an initial total hashing power of 2-4 PH/s at somewhere around 85¢ a GH/s with an ROI+ guarantee for early adopters. We are currently in negotiations with Allied Control as part of the development of our data center which will be utilizing immersion cooling methods like that which is provided by Allied Control (http://Immersion Cooling). We are also working on getting access to 5.5¢ kWh electricity. I have dual US/British citizenship, so I am considering basing part of SWMC in The Isle of Man (http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/) which is a Bitcoin friendly country. It may not look like much is happening with SWMC on your end, but there is a lot of activity on mine.

Just to measure your interest, what price point for hashing power would motivate you to preorder hashing power with an ROI+ guarantee from The SWMC Hashing Exchange with the understanding that the exchange is in the development stage and that hashing power may not go live for several months? After sufficient hashing power is being circulated on the exchange, SWMC will never offer preorders again.

news on the neptune?

Our first Neptune has shipped, it is currently waiting for the Clearing Agency to give it a pass. The package should arrive before or by late Wednesday afternoon.

Posted From bitcointalk.org Android App

The Neptune has arrived, unfortunately the controller board has to be RMA'ed, that's going to be another wasted week!

James Tate (Featured in Cointelegraph's Community Section) (http://cointelegraph.com/news/112066/james-tate)

Nice! 

OK, Counterparty...

There are two reasons we would want to use Counterparty:

1. Using Counterparty will make payments very easy and far less prone to human errors.

2. Creating a Counterparty asset will make your purchased GH/s tradable on Counterparty's decentralized exchange.

I have created an asset within Counterparty that I have named MINERPAY. There is 1 MINERPAY asset for each GH/s. There are two options available to you,

1. You can open a Counterparty wallet and either:

     Update your payment address -OR-

     If you have access to the private key of your payment address, you can sweep the MINERPAY assets from your payment address into your Counterparty address.

2. If you do not care about being able to sell or trade your GH/s, do nothing and I'll send your payments as normal. You can always change your mind later.

REMEMBER!! DO NOT REQUEST THAT ANY COUNTERPARTY ASSETS BE SENT TO AN ADDRESS WHO'S PRIVATE KEY YOU DO NOT HAVE ACCESS TO!!

YOU MUST HAVE ACCESS TO THE PRIVATE KEY OF ANY ADDRESS THAT YOU HAVE COUNTERPARTY ASSETS SENT TO OR YOU WILL NEVER BE ABLE TO HAVE ACCESS THOSE ASSETS!!

Posted From bitcointalk.org Android App

This is an unofficial pre-announcement meant to inform the Counteryparty Community about a new asset class being made available to Counterparty users...


The SolarWind Mining Company (SWMC) has been working on building a Hashing EXchange (HEX) for the past several months. SWMC expects to have the official launch of the SWMC-HEX sometime between mid September and late November. SWMC will be offering preorders for Bitcoin mining hash power via Counterparty through an asset called SWMCHEX (http://blockscan.com/assetInfo.aspx?q=SWMCHEX).


About the SWMCHEX asset:


     One SWMCHEX is equal to one GHS, and a total of 5 PH/s (5,000,000 SWMCHEX) have been issued with 4,000,000 SWMCHEX being sold at ~85¢/GHS. Bitcoin earnings from mining will be paid via Counterparty's built in dividend feature. SWMC-HEX is making the first 1,000,000 SWMCHEX (1 PH/s) available now and there will be a 10% bonus to purchasers. So, if you purchase 100 SWMCHEX you'll actually receive 110 GHS!! The additional 1,000,000 SWMCHEX will be used for bonuses, giveaways, bounties, to cover variances in the exchange rate of BTC or are to be sold before launch.


     Be one of the first 500 purchasers of at least 100 GHS and you'll be eligible to win 1 TH/s worth of SWMCHEX!!


Some of the major features of the SWMC-HEX:


     Tradable Mining Power which can be bought our sold at a price you determine


     Instant ROI Calculation based on you buy price allows you to estimate how long it will take for your purchased hashing power to mine enough currency to reach your targeted ROI, at what price you must sell hashing power you own to obtain ROI or what combination of both mining time and sell price will achieve ROI for you... By using the Instant ROI Calculation you will be empowered to make the right decision on your mining purchases and the tool so you never have to buy to high, sell to low or to soon to reach ROI ever again...


     Our hosted miningware will be utilizing Immersion Cooling (https://www.youtube.com/watch?v=a6ErbZtpL88) to increase efficiency and protect the miningware from heat damage and extending its usability


     SWMC's miningware will be Fabricated by the SWMC using open source hardware PCBs specifically designed to work with any cryptocurrency mining chip, making the SWMC-HEX capable of scaling up mining power very quickly using the most cost effective hashing power available at any given time


     SWMC believes that large mining operations should help protect the Decentralized Nature of Bitcoin's Hashing Network, so,.. The SolarWind Mining Company will make it possible for owners of hashing power on the SWMC-HEX to point that hashing power to any mining pool that they wish, essentially the same way that they would control a physical miner in their own possession.


     A "Create Your Own Mining Pool" feature which can be used for solo mining or for creating a mining pool that others can join for crowdfunding, group buys, investments, savings accounts, retirement funds, etc,..  etc,..  etc,..


     Miningware hosted in a US location with 5.5¢ kw/h electricity

How do I claim my free share?

after you send him your address, via pm if possible, he will send you the free share, if its a counterpay wallet, you will be able to tell, if its not a counterpay wallet, it will just show as a transaction

after you send him your address, via pm if possible, he will send you the free share, if its a counterpay wallet, you will be able to tell, if its not a counterpay wallet, it will just show as a transaction

Thanks for helping out xTachibana, you've always been a great SWMC member!

Decided to post this question publicly rather than email (so it's out in the open as I'm sure I won't be the only one to ask).

When are the dividends going to start posting, and at what time-frame after? You stated "bi-weekly" in your email but there was no information on when to expect the start.

Thanks!

First payment has already been made on the 2nd of August, there were a few followup payments made as well.

Your payment address isn't listed on the investor sheet (https://docs.google.com/spreadsheet/ccc?key=0AvMjxnIDQFujdHpHd0ZaNkFIZGw4QmtWdW0zbGxVSkE&usp=sharing) (where you can see all payments,) have you sent it yet? (Be sure to read this. (https://bitcointalk.org/index.php?topic=348417.msg8030277#msg8030277))

Oh my god a sneak peak of a graphic element? PEOPLE! LET'S GIVE ALL OUR BITCOINS TO THIS UNKNOWN STRANGER!

calm down man, James is a trustworthy guy,
up till now he has stood by his word.

you don't have to participate in anything he is organizing.

Thanks davideak, ranlo... you guys are the best!

NP! I am still a bit confused as to why our earnings are showing up differently than the Neptune earnings. Here's my previous post (row # and stats may be different now -- this was over a week ago):

-----
My row shows these stats (Row 12):

Payment After Deductions: 0.00316318
Remainder: 0.000000007204298
Total Payments: -
Neptune Earnings: 0.009924167393713

These don't appear to match up properly, being that it shows total earnings as being almost 0.01 BTC but the amount paid out to be caught up at less than 1/3 of that.

Also, is there any way to set a minimum threshold for payments so we don't get a lot of micro-transactions?

Sorry ranlo, I've been really busy lately, but I think this will answer your questions...

If you look on the first page the KnCMiner Neptune Spreadsheet (https://docs.google.com/spreadsheet/ccc?key=0AvMjxnIDQFujdHpHd0ZaNkFIZGw4QmtWdW0zbGxVSkE) on row 4 (Order # 0) you'll notice that column D states "SWMC Investor Pool," that is the 300 GHS that was reserved for previous investors. Being in the investor class, your earnings are part of the SWMC Investor Pool portion of BTC mined with the Neptune, and as such, the Electrical/Maintenance/Transaction Fees have already been deducted on the first page.

The second page "Investor Sheet" is a breakdown of how the BTC earnings are divided amongst all previous investors. Your "Payment After Deductions" is your share of the Neptune's BTC earnings that was paid during the last payment, except that I did not have your payment address at the time of the last payment so the payment was not sent. The reason the "Last Payment Sent" column states "Paid - MINERPAY, SWMCHEX" is a reminder that you have been paid your MINERPAY and SWMCHEX, but the last BTC payment is still owed to you. The amount will be sent with the next payment.

The "Remainder" is the amount of BTC you are due but can not be sent because the Bitcoin client does not send amounts below 8 decimals in size. This amount will accumulate until the total remainder amounts add-up to an amount above 8 decimals, then that amount (minus any further remaining amount below 8 decimals) will be included into the next payment.

The "Neptune Earnings" is the total BTC that your share has earned to-date.

As for a minimum payment threshold. The way Counterparty works when sending a distributed payment is that the payment is automatically split-up between the total assets and proportionally sent to each address that holds the asset. So no, there is no way to set a payment threshold for individual address' when using Counterparty.

The first payment was more of a token payment to indicate that I was making good on my promises. The amounts sent were smaller than will be typical because mining had only been operational for a few days. The rest of the payments should be larger, but will gradually decrease over time as the difficulty level increases and earnings decrease. I may extend the length of time between payments to minimize the cost percentage for the transaction fees when the earnings decline to a certain level.

Does that clear it up for you? If not, just let me know what is not clear and I will explain...

So how's the rma'd Neptune coming along?
And any word on the compensation?

The RMA'ed Neptune was replaced with a different unit. The unit has a few cores that are not functioning properly, but because the total hashing power is at least 3 THS, KnC will do nothing.

KnC is not willing to offer any compensation of any kind for the downtime, but if you are asking about the second Neptune, it will not be shipped until the end of Batch 3 and Batch 2 (when I checked yesterday,) hasn't started shipping yet.

      Here is the link for...

 

Hey, wanted to check up on this and see what's going on. Noticed we haven't gotten any dividends in months and the asset isn't active on Counterparty anymore...

Hi ranlo,

It hasn't been months, its only been about three weeks since the last payment, which was made on 11/15/2014. I had mentioned in the GB thread that I have had several surgeries this year and they, along with the recovery time involved have interfered with the operation of the SWMC.

I just went through a major surgery on the first of this month and I am just today starting to get back to business. I will be processing the next payment within the next day or so.

Please check your BTC address on the Neptune spreadsheet to see if it is correct. This way you can be sure that you have been receiving your payments.

I am putting Counterparty on hold for the time being because people have been finding it very difficult to use in its current form.

All SWMCHEX purchases will remain valid, but I will be issuing payments direct via BTC rather than Counterparty.

Interestingly enough, my address is on the Investor sheet but not on *any* of the payments that were sent out recently (checked all the way back to 9/9).

Investor sheet shows: Ranlo | 1KD3XZjFSoH7Upb6Ruw3rmGqAiH19Hg4FD

Checking that address through all the investor sheets shows up nothing. Also not seeing my name on them (even the ones asterisked out don't appear to relate to it).

So... another scam?

Just no updates recently. No payments were made for the past 2 months, either (last was like the end of December).

No updates from management + no payments = highly suspicious...

You haven't taken into consideration the drop in btc price vs the maintainaince cost.
Not to mention James health.

I hope he's doing well and I'm sure he'll update when he can.

My feelings exactly. As long as things are good, I'm sure he'll make up for the missed payments. It's not the first time he's been away like this, and he's always gotten things squared away once he returned.

Hi guys, this is a Good News/Bad News situation...

First the Good News - Both the controller card and bonus miner are on there way.

Now the Bad - The lease for the miners hosting location is up and the business partner that I have been working with has lost his chance to renew. So, I'll have to find another location. I know that it was intended to offer free hosting in the beginning (which was due to an arrangement with my business partner). Since that situation has now changed, I will likely have to add a hosting fee to cover rent space once I find the proper venue for the miners and they won't be running until then. I would just temporally host them at my residence, but with the satellite ISP we have, that option simply isn't feasible.

Another bit of Bad News for those who have purchased hashing power for the EXchange - The two interns that I had working on the EXchange website recently moved on to other things. When they left they erased the EXchanges servers hard drives - along with all the backups! Almost a years worth of work lost!! I don't believe they did it on purpose, I think it was done by mistake... But 'Ouch!', what a doozy. I can tell you, I'm just sick about it and have lost allot of sleep over it. Due to this major SNAFU, the whole EXchange project is on an indefinite hold. I will be issuing refunds with a bit of interest to any SWMCHEX purchasers as soon as it is financially possible, but please be patient!

I am sorry that I have failed you guys. I feel a sickness in my gut over the whole situation, both for the GB'ers and SWMCHEX hopefuls. I will do my best to amend as I am able. Hope you can all elicit a measure of understanding and spend a meter of forgiveness... But I take all of the blame, the failure is mine and mine alone.

James

Thanks for the offer to help dan244, but I have secured a location for the miners and am now setting things up to get our machines back up and mining for us. I will post more details in the GB thread when I get everything finalized with the new hosting provider. I am currently negotiating on the costs involved so that we can be as profitable as possible. If everything goes well, we should be up and running in a couple days.


Thanks for the advice thy, although that was tried. Unfortunately, nothing useful could be recovered from the hard drives.

This means all that hold SWMCHEX should get a payment, correct? Not only those that bought directly through the exchange they were offered on before?

Hi James!

How are things going? Planning new things yet?
I'm one of the founders (order 28) so I hope you have some awesome ideas ;)

I wasn't expecting a refund of the 'founders' part but an update would be nice.

Hi James!

How are things going? Planning new things yet?
I'm one of the founders (order 28) so I hope you have some awesome ideas ;)

I wasn't expecting a refund of the 'founders' part but an update would be nice.

Coming Soon :)