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Title: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 08, 2014, 02:04:21 AM Introducing.... The Bit from the Block Project. The First Managed Mining Option.
Celebrating over 6 months of operation! https://bitcointalk.org/index.php?topic=851442.0 http://www.bitfromtheblock.com/ http://bitcoinified.net/mining-store/ http://timetominebitcoin.com The Bit from the Block Mining project was created to provide an alternative managed mining solution that has never been seen before. Acting much like a mutual fund, the BFTB project aggregates mining power form several different cloud mining vendors as well as mining power from project owned hardware and sells it in one package as a diversified, managed, mining solution. Essentially, project members can purchase mining power in as little increments as 1 gh/s at a time. The a single GH of mining power that is purchased through the BFTB mining project, is backed by mining power from all of the project mining exchanges as well as our hardware. Taking this approach to cloud mining has several major benefits: •All BFTB Mining power is diversified. All cloud mining vendors charge different maintenance fees for owning the hashpower in their remote data centers. By owning a single Gh in the BFTB project, you are getting the average maintenance rate of all vendors spread across the market. Some vendors have high fees, and others have very low, so having an average of those maintenance costs is very beneficial. •Risk Aversion. Having mining power spread across multiple exchanges, and hardware, means that if we run into one bad apple vendors who ends up shutting down or dissappearing with mining power (which has been known to happen) the BFTB project can re-allocate project mining power to a new vendor and continue operations. This flexibility and liquidity is not something you would have if you purchased mining power from a vendor who shut down, in most cases you would lose everything you have with that vendor. •Economies of Scale. By participating and purchase mining power in the BFTB, not only do you have a safer option in this riskly industry we call mining, but you also may end up with bonus payouts. The way this project is designed, you may purchase 1 gh/s of managed mining power but may end up getting the payouts of 1.5 Gh/s or more. As the project grows and mining power fluctuates between vendors, we have been able to accrue more mining power than shares sold. Rather than cashing out on this mining power and taking profits, we have been reinvesting everything back into the project. Purchasing hashing power in larger quantities allows for greater discounts than regular retail purchases. The BFTB project passes those discounts directly to project members through the form of dividends. Mining Dividend Generation: 90% of Gross Mining Revenue* is paid out in Dividends to project members 10% of Gross Mining Revenue* is reinvested into additional hashing power. How Can You Join? Currently the project is being hosting through the NXT Asset Exchange. The BFTB project started on Coinsortium but after numerous issues and losing the ability to withdraw funds, we moved to the asset exchange as a mid-term solution. The goal is to finish building our own cloud mining website to host project hash power sales as well as a live market feature to trade. Option 1: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Once you have downloaded the Blockchain, click on the "Asset Exchange" Tab on the left hand side. •Once on the "Asset Echange" tab, in the upper right hand corner of the wallet, click the button "Add Asset". •Add the BFTB Asset ID. The BFTB Project Asset ID is: 17932033886660099893 •Now fill your new NXT wallet with NXT and you can purchase mining power on the NXT Asset Exchange. Option 2: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Go to http://bitcoinified.net/mining-store/ •At Bitcoinified, you can purchase mining power directly with BTC or XPY. Once you have made a purchase, you must submit your NXT Wallet Address (and public key if you have not made any other NXT transaction yet) to the BFTB project either through PM, on the BFTB forums at http://bitfromtheblock.com/index.php/forum/index or by email to This email address is being protected from spambots. You need JavaScript enabled to view it.">admin@bitfromtheblock.com and include the Transaction ID of your purchase so we can manually verify reciept of funds. Option 3:
How Much Per Gh? Right now the BFTB is selling Bitcoin mining power at .30 Cents per Gh which is currently around ~.0013 BTC. Hashing power can either be purchase on the NXT Asset Exchange at prevailing market rate where purchases have to be made in NXT or at http://bitcoinified.net/mining-store/ where you can purchase with BTC or XPY. Mining Power Buyback: “BftB” retains the right to buy shares without notice on the prevailing market at the prevailing market rate. We have no official buy-back policy and use only the current market trading price for valuation. Disclaimer: All investment opportunities come with risk and Bit from the Block “BftB” is no different. Please do your own research and due diligence before investing. We make no promise of returns and every investment carries risk so invest to suit your risk tolerance and invest only what you can afford. All shares for sale on this platform are in the form of revenue shares and do not represent any ownership in the company. We make no guarantee of results or profitability and want you to fully understand the risk when investing. If in doubt Do NOT invest. **EDIT:** if you are interested in joining the Bit from the Block team, please PM me with your details and what value you feel you could bring to this project. thank you! Title: Re: Bit from the Block Mining IPO: .002BTC Per Share Post by: Dr Charles on November 09, 2014, 03:30:12 PM First Dividend Payment Made Today:
Announcement: https://coinsortium.co/announcement.php?id=334 Listing: https://coinsortium.co/security.php?ticker=BFTB Title: Re: Bit from the Block Mining IPO: .002BTC Per Share Post by: Dr Charles on November 12, 2014, 02:38:59 PM Surprise coming for shareholders this weekend :)
Title: Re: Bit from the Block Mining IPO: .002BTC Per Share Post by: picolo on November 14, 2014, 07:42:14 PM First Dividend Payment Made Today: Announcement: https://coinsortium.co/announcement.php?id=334 Listing: https://coinsortium.co/security.php?ticker=BFTB Too bad you didn't get any public investment from forum members. I see you are on Reddit : https://www.reddit.com/r/coinsortium/ Same company. Fees are well explained https://coinsortium.co/fees.php Title: Re: Bit from the Block Mining IPO: .002BTC Per Share Post by: Dr Charles on November 18, 2014, 01:15:57 PM Yes share purchases have not been as fast as I would have liked but nothing great gets built in just a couple days :)
with the recent second dividend paid, BFTB also increased the GH allocated to shareholders previous to the IPO closure from 2TH to 3TH which seems to have spark a couple more share purchases. I know people in the crypto world are wary of start ups but once they see BFTB can be a good earning entity and pays every week as promised. I believe the project will gain a little more traction. Also, on Hashtalk I got posed the question regarding the ROI timeframe for those who purchase shares. Here was my response in case anyone has the same question on BCT. : Question: "@DrCharles, what kind of mining fees are involved here? If each share is $0.65 (approx), what kind of daily/weekly percentage return do you forsee (in the good ol' days, a Zen gave about a 1% daily return)? Will your enterprise provide better returns than investing directly with GAW?"" Answer ROI will be somewhere in the range equal to GAW and other services and heres why....In the case of BFTB, the funds that are raised will be split between several different cloud mining companies and some actual mining hardware. The advantage of buying shares in BFTB over GAW or any other cloud service by itself is that your are limiting yourself to risk exposure. BFTB will operate much like a Mutual Fund where your 1 share is equivalent to 1GH of SHA mining power... but instead of you just purchasing 1 GH of SHA from a single company and hoping that company does everything they claim they will. Your share/GH is basically built from the combination of 1GH from multiple mining companies and the dividend paid is equal to the average return of those companies over the weekly period. Each cloud service sells their mining power at different prices and they each have different mining/maintenance/service fees. At this time I cannot provide an accurate daily ROI because once the funds are raised, economies of scale will let BFTB purchase mining power in bulk from various providers which would allow for the best possible price. The combination of three things will allow an accurate ROI calculation: 1.The total hashing power purchased at each provider. The more power purchased with each provider allows for the scaling of operations and discounts to take effect which will lower the ROI time past the point you would be at buying GHs at retail prices. Also, If the full IPO sells, then we can provide the best possible returns through large purchases... "It takes money to make money" 2.The price of each Bitcoin at the time of purchase. The more each Bitcoin is worth, the more mining power BFTB can purchase. The higher the price, the more power BFTB can provide to its shareholders through the form of dividends without the shareholders needing to purchase extra shares. 3.Current difficulty when operations begin. One of the most common things left out of ROI calculations is the constant and variable difficulty increases. BFTB will focus on SHA256/Bitcoin mining because we have just gone through the entire past year of HUGE difficulty increases and it has finally started to slow down. ASIC chip manufacturers are finally reaching the point where making smaller more efficient chips is getting very difficult...Since the chips won't be getting too much smaller, the only way to improve performance will be to redesign the architecture on the boards. Scrypt is just now about to hit the explosive curve that the Bitcoin network went through and it will be evident in the difficulty increases. Any Scrypt MH over a couple dollars will quickly get driven down just like what happened to Bitcoin Mining power. Once the IPO closes, the goal is to have an "ROI Tracker" of some sort built into the BFTB website where shareholders can see a daily, weekly, and monthly ROI status. Currently during the dividend payout each week, a snapshot of the weekly mining revenue minus allocations is posted for shareholders to see. So... long answer short. ROI time will be roughly the same as other companies except BFTB will be providing bonuses to shareholders through extra dividends which can affect your ROI in a positive way. Remember... the goal of BFTB is to provide an easy way for people to have a diversified mining portfolio much like a mutual fund but by only purchasing mining power in one location.. no need for multiple accounts, ROI spreadsheets, customer support, etc. If you have any additional questions let me know :grinning: Thanks. Title: Re: Bit from the Block Mining IPO: .002BTC Per Share Post by: picolo on November 21, 2014, 01:52:20 PM Yes share purchases have not been as fast as I would have liked but nothing great gets built in just a couple days :) with the recent second dividend paid, BFTB also increased the GH allocated to shareholders previous to the IPO closure from 2TH to 3TH which seems to have spark a couple more share purchases. I know people in the crypto world are wary of start ups but once they see BFTB can be a good earning entity and pays every week as promised. I believe the project will gain a little more traction. Also, on Hashtalk I got posed the question regarding the ROI timeframe for those who purchase shares. Here was my response in case anyone has the same question on BCT. : Question: "@DrCharles, what kind of mining fees are involved here? If each share is $0.65 (approx), what kind of daily/weekly percentage return do you forsee (in the good ol' days, a Zen gave about a 1% daily return)? Will your enterprise provide better returns than investing directly with GAW?"" Answer ROI will be somewhere in the range equal to GAW and other services and heres why....In the case of BFTB, the funds that are raised will be split between several different cloud mining companies and some actual mining hardware. The advantage of buying shares in BFTB over GAW or any other cloud service by itself is that your are limiting yourself to risk exposure. BFTB will operate much like a Mutual Fund where your 1 share is equivalent to 1GH of SHA mining power... but instead of you just purchasing 1 GH of SHA from a single company and hoping that company does everything they claim they will. Your share/GH is basically built from the combination of 1GH from multiple mining companies and the dividend paid is equal to the average return of those companies over the weekly period. Each cloud service sells their mining power at different prices and they each have different mining/maintenance/service fees. At this time I cannot provide an accurate daily ROI because once the funds are raised, economies of scale will let BFTB purchase mining power in bulk from various providers which would allow for the best possible price. The combination of three things will allow an accurate ROI calculation: 1.The total hashing power purchased at each provider. The more power purchased with each provider allows for the scaling of operations and discounts to take effect which will lower the ROI time past the point you would be at buying GHs at retail prices. Also, If the full IPO sells, then we can provide the best possible returns through large purchases... "It takes money to make money" 2.The price of each Bitcoin at the time of purchase. The more each Bitcoin is worth, the more mining power BFTB can purchase. The higher the price, the more power BFTB can provide to its shareholders through the form of dividends without the shareholders needing to purchase extra shares. 3.Current difficulty when operations begin. One of the most common things left out of ROI calculations is the constant and variable difficulty increases. BFTB will focus on SHA256/Bitcoin mining because we have just gone through the entire past year of HUGE difficulty increases and it has finally started to slow down. ASIC chip manufacturers are finally reaching the point where making smaller more efficient chips is getting very difficult...Since the chips won't be getting too much smaller, the only way to improve performance will be to redesign the architecture on the boards. Scrypt is just now about to hit the explosive curve that the Bitcoin network went through and it will be evident in the difficulty increases. Any Scrypt MH over a couple dollars will quickly get driven down just like what happened to Bitcoin Mining power. Once the IPO closes, the goal is to have an "ROI Tracker" of some sort built into the BFTB website where shareholders can see a daily, weekly, and monthly ROI status. Currently during the dividend payout each week, a snapshot of the weekly mining revenue minus allocations is posted for shareholders to see. So... long answer short. ROI time will be roughly the same as other companies except BFTB will be providing bonuses to shareholders through extra dividends which can affect your ROI in a positive way. Remember... the goal of BFTB is to provide an easy way for people to have a diversified mining portfolio much like a mutual fund but by only purchasing mining power in one location.. no need for multiple accounts, ROI spreadsheets, customer support, etc. If you have any additional questions let me know :grinning: Thanks. "Once the IPO closes, the goal is to have an "ROI Tracker" of some sort built into the BFTB website where shareholders can see a daily, weekly, and monthly ROI status. Currently during the dividend payout each week, a snapshot of the weekly mining revenue minus allocations is posted for shareholders to see. So... long answer short. ROI time will be roughly the same as other companies except BFTB will be providing bonuses to shareholders through extra dividends which can affect your ROI in a positive way. Remember... the goal of BFTB is to provide an easy way for people to have a diversified mining portfolio much like a mutual fund but by only purchasing mining power in one location.. no need for multiple accounts, ROI spreadsheets, customer support, etc." It's enticing, I like the idea of diversifying your mining portfolio to decrease the risks. Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: tsm13 on November 21, 2014, 03:01:22 PM why would i pay you a premium to do something i can do myself?
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on November 23, 2014, 03:49:54 PM why would i pay you a premium to do something i can do myself? Not everyone wants to do it themselves. That's the whole point of the project. You can purchase a single share or more and have it managed for you.... Similar to investing in real mutual funds except you are not purchasing equity or ownership but rather mining power (GH) and you do not need to have a "Hands On" approach to mining. Bit from the Block allows an avenue for miners to have a diversified mining portfolio without needing to invest their time after having already invested their money. If you have any other questions, please do not hesitate to ask. EDIT: In other news... Dividend #3 was paid today. See announcement below: "Greetings Shareholders, Dividend #3 has been made today. For a snapshot of this weeks mining operation, a picture can be found here: http://tinypic.com/r/13yqcm9/8 Also, stay tuned for some developmental news regarding the advancement of the Bit from the Block Project. Best Regards, Robert ~Bit from the Block Project" Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on November 30, 2014, 04:18:14 PM Dividend #4 for BFTB shareholders has been paid today. See announcement here: https://coinsortium.co/project/announcement/376
"Good Morning Shareholders, Dividend #4 has just been paid. To recap some events this week, shareholders have voted to use some of the funds raised to purchase an Antminer S4 to add 2TH of mining power to shareholder allocations. We received the shipping notification that the unit shipped from Bitmain's facility in China yesterday 11/29/14. We must wait for the unit to reach the US prior to being able to pay dividends on that additional power. Also, BFTB has reached out to a small business mentor in our area to receive some expert advice on how to strategically grow in the Bitcoin mining environment and how to avoid some of the pitfalls that many other mining based companies have run into. We believe that we have a solid strategy for scheduled, healthy, and incremental growth that will allow us to prosper in the long run and not just to make a quick buck for our early shareholders. As usual, if you have any questions, comments, concerns, or suggestions... please reach out to us on Hahstalk.org at https://hashtalk.org/topic/16505/bit-from-the-block-mining-ipo-diversified-mining-1gh-at-a-time For a snapshot of this week's mining operations, please see here: http://tinypic.com/r/1pjda8/8 Best Regards and Thank Your for the Opportunity, Robert Director of Operations- BFTB Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: RiverBoatBTC on November 30, 2014, 04:48:44 PM Who are you and why should people trust you...
If you say cause ARDEVA verified you that is not good enough cause they verify felons..... and do 0 background check. Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on November 30, 2014, 11:59:42 PM Who are you and why should people trust you... If you say cause ARDEVA verified you that is not good enough cause they verify felons..... and do 0 background check. You know as well as I do that nothing that can be posted in some forum can identify a trustworthy person. Trust is built through actions... not words. If you are not comfortable buying shares, I encourage you to just watch my actions and those of the BFTB project. Then make your decision... This is not a "Once in a lifetime opportunity!" or a "Limited Offering, You Must Join Now!" This is a project put together for the purpose of being able to provide a diversified portfolio of different cloud mining providers and offering it on a per GH basis through BFTB share ownership. I am not offering a way to "get rich quick" or to earn a "guaranteed ROI in 60 days!" Being a share owner provides a little bit of diversification and investment security by not putting all your eggs in one basket. Say one day a certain cloud mining provider shuts down.. rather than miners losing all the contracts they purchased and be stuck with nothing, BFTB would rebalance mining power in the project into other providers so that share owners always earned their shares worth. Please read the disclaimer at the bottom of the project listing. I would love to have you be part of this project but if you are not comfortable with it then please don't invest your money. Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on December 04, 2014, 08:06:36 PM Announcement Made: https://coinsortium.co/project/announcement/393
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on December 07, 2014, 01:17:45 PM Dividend payment should be completed no later than 1pm EST.
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on December 12, 2014, 01:23:41 PM New BFTB Operational Progression Vote being held https://coinsortium.co/project/vote/27
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: katafrag on December 15, 2014, 03:46:35 PM hi , is it possible to revote , i made a mistake and hold a bunch of these beautiful babies :)
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on December 15, 2014, 04:09:02 PM hi , is it possible to revote , i made a mistake and hold a bunch of these beautiful babies :) Katafrag, thank you for your interest in the BFTB project. I have had multiple members request a revote. I am currently taking note of those asking and I will provide an update regarding the revote process shortly. thank you. Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: katafrag on December 15, 2014, 04:30:31 PM Ok thanks , i think a lot of people made the error because of the reverse questioning
Title: Re: [Coinsortium] Bit from the Block Mining IPO: Mining for the Masses 1GH at a Time Post by: Dr Charles on December 15, 2014, 06:50:21 PM After numerous emails in the last 24 hours a re-vote has been posted with a better description of how the voting works.
best regards, Dr Charles Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 15, 2014, 06:55:25 PM thanks that's real crytocracy
2014-12-15 18:44:17 2014-12-17 00:00:00 BFTB Operational Re-Vote Voted: No Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 15, 2014, 10:11:52 PM thanks that's real crytocracy 2014-12-15 18:44:17 2014-12-17 00:00:00 BFTB Operational Re-Vote Voted: No thank you for being part of the project. Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 16, 2014, 12:36:20 AM no prob , i want to say i'm also very happy of EPL , LTCMMS and Barter , go check the dividends , it's really good on coinsortium.co
Hope 2015 will bring joy to all investors Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 16, 2014, 01:16:36 AM yes they seem reputable. BFTB dividends will be growing over time as well. :)
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 17, 2014, 12:59:24 PM Good Morning,
Seems the re-vote was in the best interest of everyone. The re-vote result is "No" or Option 2. Funds will be used to start generating revenue immediately. Best Regards, Dr Charles Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 18, 2014, 01:03:14 AM victory of the beeble 8)
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 19, 2014, 08:25:20 PM BFTB has moved up into the Top 20 on Coinsortium for volume! The project is really starting to gain some traction and I have had several inquiries regarding BFTB and our innovative offering. At this point in time it seems that growth throughout 2015 will be very impressive considering where we started :) thank you all for being a part of BFTB, this is only the beginning.
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 19, 2014, 08:30:48 PM 1666 shares ;D
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: picolo on December 20, 2014, 09:38:27 AM Just thought I would share a project I am currently working on. The Bit from the Block Mining Project There will be 20,000 shares available during the IPO Shares Remaining: ~14,824.58 https://coinsortium.co/security.php?ticker=BFTB https://hashtalk.org/topic/16505/bit-from-the-block-mining-project-diversified-mining-1gh-at-a-time Bit from the Block’s (BftB) main mission is to raise 40 BTC in initial capital funded by BTC shareholders. Your contributions will be used to purchase Bitcoin Mining hardware and Cloud Mining Services. “BftB” will be diversifying mining power expansion through hardware purchases hosted at a local professional data center and a various assortment of cloud mining services. Each Share represents 1GH of SHA mining power for .002BTC per share which allows for great investor returns without having to deal with the headache of owning mining hardware or dealing with cloud mining vendors. Along with this, is the potential for expansion, into new and already identified Bitcoin related markets. These markets would be the margin trading and hedging of BTC price as well as residential/commercial property management through a BTC payment structure. Capital Allocation: -90% to invest mining hardware and cloud mining services. -5% to invest in R&D for Future “BftB” projects -5% to invest in Reserve fund for Shareholder Dividends. Net Operating Profit allocation -80% to Dividends to Shareholders which will be paid weekly. -10% to Reinvest in More Mining Power -5% to R&D of Future Expansion -5% to Facilitate mining management and build Reserve Fund for Future Shareholder Dividends. Profit: Total Mining Revenues - (Maintenance Fees + R&D Allocation + Reserve Fund Allocation) = Net Operating Profit R&D Funds:-Initial Research and Development (R&D) funds will be used to complete the website www.bitfromtheblock.com . This would allow for an “Contributors Section” where mining performance can be seen and tracked as well as provide an area for investors to communicate with each other about the direction of “BftB” and what investors would like to see, current updates, and future plans. On top of that section, the ultimate goal is to have an online store where products can be purchased with BTC as well as having an “Education Corner” to learn all about BTC and a “Earning Corner” where visitors/Investors can have a one stop goto list to earn BTC for free. Reserve Fund: -The purpose of the reserve fund is to cushion shareholders against a decline in BTC mining profitability. In the event that mining profitability declines to the point where our current mining income cannot support shareholder dividends, the reserve funds will be used to pay shareholders until additional hashing power can be added to our mining farms or until alternative measures can be decided upon. The reserve fund would allow for timely and manageable shareholder dividend payments in any scenario that may arise in the uncertain landscape that is Bitcoin. Dividend Production until IPO is Over: Investors that purchase shares will have 2+ TH of SHA mining power to generate dividends until the IPO is over. Once the IPO has completed, the mining power allocated for mining dividends prior to IPO closure will be rolled into the total mining power for all investors. Bit from the Block reserves the right to increase mining power allocated for dividends prior to closure of IPO at will. “BftB” Will begin mining operations if/when 100% of IPO is sold but reserves the right to start sooner if IPO sales do not amount to the initial target funding amount. Once mining operations begin, shareholder dividends will be issued the next week after. Shares do not represent ownership of Bit from the Block and are only an investment to generate revenue for holders. The first divined will be paid this coming Sunday 11/9/14. A little tip on how the dividends will work this Sunday and going forward: Before the IPO closes: There is currently a little over 3TH of SHA mining power dedicated to early share buyers. So the dividends prior to close will work as follows. Until roughly 3,000 shares are sold, all current holders will actually receive a higher payout than 1 GH equivalent. For example, if only 1,500 shares are sold by this coming Sunday prior to dividends, then 3,000GH/1,500 shareholders= roughly 2GH payout equivalent to each share holder. It works in the opposite way too. If 3,500 shares are purchased by Sunday: 3,000GH/3,500shareholders= roughly .86GH payout equivalent to each shareholder. Remember, the 3TH is only a gift to shareholders until IPO closes and the real dividends start. As stated in the listing, BFTB reserves the right to increase the hashing power allocated to dividends prior to IPO closure at any time. All dividends to shareholders prior to IPO closure are basically bonuses until operations begin. After the IPO closes: Each share purchased is equivalent to 1 GH of SHA mining power shares (DO NO REPRESENT OWNERSHIP OR EQUITY in BFTB OF ANY KIND). After the IPO closes, every Sunday you will receive a payout equivalent to the returns of 1GH of SHA mining power over the week from Sunday to Sunday minus fees, maintenance, etc. If you have any questions please let me know. Share Buyback: “BftB” retains the right to buy shares without notice on the prevailing market at the prevailing market rate. We have no official buy-back policy and use only the current market trading price for valuation. Disclaimer: All investment opportunities come with risk and Bit from the Block “BftB” is no different. Please do your own research and due diligence before investing. We make no promise of returns and every investment carries risk so invest to suit your risk tolerance and invest only what you can afford. All shares for sale on this platform are in the form of revenue shares and do not represent any ownership in the company. We make no guarantee of results or profitability and want you to fully understand the risk when investing. If in doubt Do NOT invest. EDIT: if you are interested in joining the Bit from the Block team, please PM me with your details and what value you feel you could bring to this project. Best Regards, Dr Charles You are up to a good start, how many persons invested so far? Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 20, 2014, 03:22:21 PM Hey Picolo,
Unfortunately Coinsortium does not provide any shareholder information so I am unsure of the number of shareholders, only total shares sold at this point. For the time being, until the BFTB website is fully functional, I have put in several requests to Coinsortium to provide some shareholder information. I have not gotten a response back yet but they allow users to vote on the next available feature so hopefully it gains some traction. Best Regards, Dr Charles. Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 20, 2014, 07:09:03 PM hey doctor, are you going to install more machines before the 2015?
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 21, 2014, 05:40:19 PM Hey Katafrag, with the crazy holiday shipping schedules this month I doubt anything will make it to my location. Until the holiday rush shipping slows down, the majority of hashing power will be coming from cloud mining providers with a liquidation option.
Also, this weeks dividend will be paid shortly :) EDIT: Payment Complete as of 2:00pm EST 12/21/2014 Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: katafrag on December 21, 2014, 08:12:55 PM ok nice to have in depth news , you can expect some heavy buying this week from my part , and I discourage everybody else to buy these stocks, I want them from me ... :)
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 22, 2014, 01:52:01 PM ok nice to have in depth news , you can expect some heavy buying this week from my part , and I discourage everybody else to buy these stocks, I want them from me ... :) I am glad that you are pleased with the returns of BFTB so far. :) Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 23, 2014, 03:00:11 PM We have sold over 25% of the IPO so far. That is fantastic.
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on December 28, 2014, 04:27:30 PM Dividend payment will be completed shortly.
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on January 02, 2015, 08:11:23 PM I hope to see some of you at the North American Bitcoin Conference in Miami, FL coming up soon. :)
http://btcmiami.com/ Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on January 04, 2015, 05:11:50 PM Dividend Payment Complete and Annoucement Posted: https://coinsortium.co/project/announcement/448
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on January 07, 2015, 04:16:36 PM Made a couple business cards to hand out at the Bitcoin Conference... nothing too fancy but maybe just enough to spark a little interest.
http://i58.tinypic.com/f0rsrs.jpg Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on February 06, 2015, 05:58:23 PM More than half of the original IPO has been sold!
Link to annoucement here: https://coinsortium.co/project/announcement/484 Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on February 22, 2015, 03:33:47 PM Dividend #16 has been paid.
Annoucement made: https://coinsortium.co/project/announcement/505 Snapshot of mining revenue: http://tinypic.com/r/2zovi15/8 Best Regards, DrCharles Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on February 23, 2015, 01:52:24 AM Important project update: https://coinsortium.co/project/announcement/506
Title: Re: [Coinsortium] Bit from the Block Mining: Diversified Mining 1GH at a Time Post by: Dr Charles on February 24, 2015, 03:17:53 PM Test aStore has been created on the BFTB website.
http://astore.amazon.com/bitfrotheblom-20 I am not really a fan of the aStore setup so I think I will end up just building one from scratch but progress will be slowly made. The initial plan of the project to sell the full IPO before starting operations which included website development changed with the operational vote. So instead the website/e-commerce store has been pushed down the priority totem pole for now but eventually we will be fully operational. We need some more conversation on this thread haha :) Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on February 25, 2015, 09:47:11 PM first rough draft forum has been set up at www.bitfromtheblock.com
direct link to forum: http://www.bitfromtheblock.com/index.php/forum/index If you already registered on the site prior to the forum being set up, your account has already been created. There are only a couple categories for now but they will grow as time goes on. Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on February 27, 2015, 02:07:32 PM A very nice milestone reached :)
http://www.bitfromtheblock.com/index.php/forum/project-announcements/3-we-have-deployed-over-20-000-gh-s#3 Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on March 01, 2015, 04:09:39 PM Dividend #17 has been paid: http://www.bitfromtheblock.com/index.php/forum/project-announcements/5-dividend-for-week-17-operations-paid#8
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on March 03, 2015, 03:05:05 PM Greetings BFTB,
Please see an important update regarding project transparency here: http://www.bitfromtheblock.com/index.php/forum/project-announcements Thank you, Robert BFTB Director of Operations Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on March 23, 2015, 05:11:21 PM So it looks like Hashtalk (where our project main thread is) will be closing down in the next couple days. I have set up a general porject talk forum on the BFTB website for all of you who would like to join any discussions.
http://bitfromtheblock.com/index.php/forum/general-talk Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on March 29, 2015, 10:45:26 PM Dividend for week 21 mining has been paid. Announcement coming tomorrow.
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on March 31, 2015, 12:59:14 PM new post on BFTB forum: http://www.bitfromtheblock.com/index.php/forum/general-talk/15-coinsortium-status#24
on a side note.... damn it would be nice to see someone else other than myself posting in this thread haha Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 02, 2015, 02:06:38 PM New forum thread over at Mineral Talk: https://mineraltalk.org/topic/73/bit-from-the-block-first-diversified-mining-project/
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: bubbaj on April 07, 2015, 04:57:16 AM Great to receive another dividend but it seems every time I go to withdraw anything the hot wallet on coinsortium is empty or near empty, do you have all the share holder details and if so are you going to look for another way for this project to continue.
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 07, 2015, 11:52:18 AM Great to receive another dividend but it seems every time I go to withdraw anything the hot wallet on coinsortium is empty or near empty, do you have all the share holder details and if so are you going to look for another way for this project to continue. Hey Bubbaj, Yes I am aware of the current Coinsortium hot wallet issues and it is very frustrating to say the least. I do have a back up excel export file of all shareholder accounts, email addresses and total shares held, just in case we lose access to Coinsortium all together. Also, I am in the process of trying to spec out what it would take to move the BFTB project off of Coinsortium completely and onto our own website at www.bitfromtheblock.com With the shareholder list it shouldnt be too difficult, it is just a matter of coding an exchane platform similar to coinsortium and then making sure that it is secure so no we can try and eliminate the threat of theft as much as possible. Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: bubbaj on April 08, 2015, 01:03:17 AM Now I don't pretend to be an expert but I have seen others using colored coins, my understanding is that this is not that hard to set up, it would also allow for a secondary market on a peer to peer basis. Would allow you to sell colored coins as well, each colored coin could be worth 1 share. Just another option.
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 08, 2015, 12:02:49 PM Now I don't pretend to be an expert but I have seen others using colored coins, my understanding is that this is not that hard to set up, it would also allow for a secondary market on a peer to peer basis. Would allow you to sell colored coins as well, each colored coin could be worth 1 share. Just another option. I have had the colored coins idea mentioned to me before and it may be a viable option, I just have to do a little additional research. I believe it was NXT Assest Exchange that was mentioned to me for a color coin based P2P exchange but I have not had time to mess around with it entirely yet. Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 08, 2015, 05:35:01 PM New project thread up now on Mineraltalk.com
https://mineraltalk.org/forum/general-discussions/mining/cloud-mining/251-bit-from-the-block-the-first-diversified-mining-project Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 09, 2015, 09:51:32 PM new announcement
http://www.bitfromtheblock.com/index.php/forum/project-announcements/18-it-s-been-a-busy-week#28 Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 12, 2015, 11:20:28 AM The BFTB project has hit the Top 10 on Coinsortium for total BTC volume generated! Our slow, calculated growth continues :)
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 13, 2015, 01:30:09 PM Project update: http://bitfromtheblock.com/index.php/forum/project-announcements/19-week-23-dividend-and-project-update
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: bubbaj on April 13, 2015, 11:49:26 PM The cointiniom hot wallet has over 1 BTC in it go get it whislt you can
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 14, 2015, 11:32:30 AM The cointiniom hot wallet has over 1 BTC in it go get it whislt you can Damn I guess I missed my chance. It is only showing .0005 btc this morning :( haha Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: bubbaj on April 17, 2015, 12:39:36 AM The cointiniom hot wallet has over 1 BTC in it go get it whislt you can Damn I guess I missed my chance. It is only showing .0005 btc this morning :( haha Got mine out before I posted, I think people hit f5 everytime they go there, I am selling my shares not because I don't like what you are doing but due to the continuing issue with not being able to access dividends. I will buy in when the new platform is up and running. Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 19, 2015, 08:06:44 PM Greetings,
Please see announcement here: http://bitfromtheblock.com/index.php/forum/project-announcements/22-week-24-project-update#49 Best Regards, DrCharles BFTB Director of Operations Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 21, 2015, 03:59:59 PM So far only 6 out of 54 project members have submitted NXT wallet address and public key from their coinsortium email address.
This needs to be completed so BFTB can transfer your shares on Coinsortium over to the new platform. Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 23, 2015, 01:47:57 PM Greetings BFTB,
As of today, BFTB has started the share to asset transfer process on the NXT platform. Please remember to submit both your NXT wallet address AND your wallets' public key if you have not conducted any transactions in the NXT wallet yet. You must download the local desktop client in order to buy and sell assets on the exchange. You can download the wallet at http://nxt.org/ The delayed dividend will not be completed until the whole project has transferred over to the new platform. If within 2 weeks, a member fails to submit the information necessary to complete the asset transfer, said member will lose their delayed dividend payment and will only be owned dividend payments once they complete the set up. No backlog of dividends will be held for individuals who fail to provide their wallet information in a timely manner. Best Regards, DrCharles Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 26, 2015, 06:15:08 PM New project update posted: http://bitfromtheblock.com/index.php/forum/project-announcements/25-week-25-update#68
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on April 29, 2015, 05:17:29 PM Soon everyone will be able to buy hashing power directly with BTC OR XPY and have their assets transferred to the NXT platform :)
Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on May 05, 2015, 11:42:50 PM Project FINAL NOTICE:
http://bitfromtheblock.com/index.php/forum/project-announcements/34-bftb-final-notice#94 Title: Re: Bit from the Block: First Ever Diversified Mining Project Post by: Dr Charles on May 10, 2015, 03:27:13 PM Dividend payment completed: http://bitfromtheblock.com/index.php/forum/project-announcements/46-week-29-project-update#114
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on May 26, 2015, 11:16:45 AM New Hosted Hardware option from the BFTB Mining Project:
http://bitfromtheblock.com/index.php/forum/project-announcements/98-bftb-hosted-hardware AntMiner S5 + 30 days of free hosting for $500. Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Honourablequest on May 26, 2015, 10:15:10 PM How Can You Join? Currently the project is being hosting through the NXT Asset Exchange. The BFTB project started on Coinsortium but after numerous issues and losing the ability to withdraw funds, we moved to the asset exchange as a mid-term solution. The goal is to finish building our own cloud mining website to host project hash power sales as well as a live market feature to trade. Option 1: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Once you have downloaded the Blockchain, click on the "Asset Exchange" Tab on the left hand side. •Once on the "Asset Echange" tab, in the upper right hand corner of the wallet, click the button "Add Asset". •Add the BFTB Asset ID. The BFTB Project Asset ID is: 17932033886660099893 •Now fill your new NXT wallet with NXT and you can purchase mining power on the NXT Asset Exchange. Option 2: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Go to http://bitcoinified.net/mining-store/ •At Bitcoinified, you can purchase mining power directly with BTC or XPY. Once you have made a purchase, you must submit your NXT Wallet Address (and public key if you have not made any other NXT transaction yet) to the BFTB project either through PM, on the BFTB forums at http://bitfromtheblock.com/index.php/forum/index or by email to This email address is being protected from spambots. You need JavaScript enabled to view it.">admin@bitfromtheblock.com and include the Transaction ID of your purchase so we can manually verify reciept of funds. There is also Option 3 (costs 99 NXT) but worth it: Goto: https://wallet.mynxt.info/ Signup: ONLINE WALLET and SAVE THE PASSPHRASE (no blockchain download needed) Click on + Plugin store and purchase "NXT Assets (pro)" for 99 NXT Now fill your new NXT wallet with NXT and you can purchase mining power on the NXT Asset Exchange (NXT Assets Pro - BFTBMining) Note: Once installed, a plugin will work with all the accounts in your wallet (i.e. you only need to install a plugin once) Hope this helps. Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on May 28, 2015, 12:42:16 PM How Can You Join? Currently the project is being hosting through the NXT Asset Exchange. The BFTB project started on Coinsortium but after numerous issues and losing the ability to withdraw funds, we moved to the asset exchange as a mid-term solution. The goal is to finish building our own cloud mining website to host project hash power sales as well as a live market feature to trade. Option 1: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Once you have downloaded the Blockchain, click on the "Asset Exchange" Tab on the left hand side. •Once on the "Asset Echange" tab, in the upper right hand corner of the wallet, click the button "Add Asset". •Add the BFTB Asset ID. The BFTB Project Asset ID is: 17932033886660099893 •Now fill your new NXT wallet with NXT and you can purchase mining power on the NXT Asset Exchange. Option 2: •First Download the Local NXT Desktop Wallet Cliet from the official website here: http://nxt.org/ •Create a Wallet and SAVE THE PASSPHRASE. If you lose the passphrase you will lose access to youy wallet. •Download the Blockchain. This may take a while depending on your computer. •Go to http://bitcoinified.net/mining-store/ •At Bitcoinified, you can purchase mining power directly with BTC or XPY. Once you have made a purchase, you must submit your NXT Wallet Address (and public key if you have not made any other NXT transaction yet) to the BFTB project either through PM, on the BFTB forums at http://bitfromtheblock.com/index.php/forum/index or by email to This email address is being protected from spambots. You need JavaScript enabled to view it.">admin@bitfromtheblock.com and include the Transaction ID of your purchase so we can manually verify reciept of funds. There is also Option 3 (costs 99 NXT) but worth it: Goto: https://wallet.mynxt.info/ Signup: ONLINE WALLET and SAVE THE PASSPHRASE (no blockchain download needed) Click on + Plugin store and purchase "NXT Assets (pro)" for 99 NXT Now fill your new NXT wallet with NXT and you can purchase mining power on the NXT Asset Exchange (NXT Assets Pro - BFTBMining) Note: Once installed, a plugin will work with all the accounts in your wallet (i.e. you only need to install a plugin once) Hope this helps. Hey thanks for this post. I have added it as a third option on the project description. Best Reagrds, -DrCharles Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on May 31, 2015, 02:03:45 PM Week 32 Project Update: http://bitfromtheblock.com/index.php/forum/project-announcements/133-week-32-project-update
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on June 07, 2015, 02:26:02 PM Greetings BFTB,
Please click the link below to see this week's project update. http://bitfromtheblock.com/index.php/forum/project-announcements/168-week-33-project-update Best Regards, BFTB Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on June 19, 2015, 12:39:04 PM Limited GH's now available at 20 NXT each. Get 'em while you can!
http://nxtreporting.com/?as=17932033886660099893 Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on June 29, 2015, 08:50:57 PM Week 36 Project Update has been posted on our project forums at http://bitfromtheblock.com/index.php/forum/project-announcements/290-week-36-project-update
The next batch of hashing power has been added to the asset exchange market at only 25 NXT per GH. Very limited supply available. Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 10, 2015, 03:07:25 PM Dont forget... unlike most cloud mining opreations, BFTB has the option for project members to liquidate their holding on the open market to anyone willing to purchase your GHs.
Simply go to the "Asset Exchange" tab in your local wallet. Click on "My Assets" and Select "BFTBMining" From their, you will have the option to post your mining power for sale on the market at your desired rate. BFTB has started buying back GH on the open market when certain conditions are met. :) Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 12, 2015, 03:08:15 PM Week 38 Project Update Posted
http://bitfromtheblock.com/index.php/forum/project-announcements/846-week-38-project-update Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 15, 2015, 02:48:50 PM Started moving some of the BFTB project miners down to the new Charlotte facility today. I wasnt able to get the truck to move the actually server racks and I was too lazy to break them down to move and have to rebuild them in Charlotte so I just set the first couple miners up on a flimsy fold out table.
Once the server racks, PDU, UPS, additional router and switches get installed we will be fully operational and all remotely hosted on redundant commerical T1 lines with both dedicated central AC and a Tripp Lite 12,000BTU spot cooler for the room. After that, a little time spent on cable management and getting things to look neat and we are good to go for our first small mining facility. There are still (2) more Antminer S5's and (2) more Spondoolies-Tech SP20E's to move down to Charlotte as well as I am also working a deal to acquire one more KnC Titan miner. Looking a little messy right now but only because I set the miners up during breaks in my corporate sales meeting yesterday :) http://i57.tinypic.com/2i6fhwp.jpg Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 19, 2015, 07:27:39 PM Week 39 project dividend payment complete.
http://bitfromtheblock.com/index.php/forum/project-announcements/869-week-39-project-update Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 20, 2015, 12:42:32 PM The BFTB Newsletter plugin is now active in the website. Everyone registered on www.bitfromtheblock.com should be receiving their first test newsletter this morning. Please do not forget to register to receive the weekly project update without needing to visit our project forums.
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: katafrag on July 23, 2015, 02:08:10 PM your project is awesome, i had a dream two two days ago with a bitcoin @ 3000 $ lol
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 24, 2015, 12:39:30 PM your project is awesome, i had a dream two two days ago with a bitcoin @ 3000 $ lol I am glad you enjoy BFTB so far. There will be much more to come and a $3,000 BTC is not impossible. As soon as institutional adoption can be fostered without fear of regulatory backlash we will start to see an epic climb in BTC price.... and with that BTC price climb, mining revenues from BFTB mining power will climb as well :) Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: katafrag on July 25, 2015, 02:42:06 PM your project is awesome, i had a dream two two days ago with a bitcoin @ 3000 $ lol I am glad you enjoy BFTB so far. There will be much more to come and a $3,000 BTC is not impossible. As soon as institutional adoption can be fostered without fear of regulatory backlash we will start to see an epic climb in BTC price.... and with that BTC price climb, mining revenues from BFTB mining power will climb as well :) Obama's end of reign, Hillary or Tump will screw it up ecnomically and BTC will go to 2000$ , finger crossed, what u think. Maybe an recession before the end of his term will bring us to 500 - 700 $ , how much will your project make then by week? Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 26, 2015, 12:44:43 PM Please see the link below for the Week 40 BFTB Mining Project update.
http://bitfromtheblock.com/index.php/forum/project-announcements/877-week-40-project-update Best Regards, DrCharles Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on July 30, 2015, 10:50:50 AM Just another reminder... I will be at KeyNote 2015 next week in Los Angeles. It would be cool to meet some project or community members.
http://www.keynote2015.com/ Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on August 16, 2015, 05:57:59 PM BFTB Week 43 Project Update posted http://bitfromtheblock.com/index.php/forum/project-announcements/934-week-43-project-update
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on August 23, 2015, 01:56:39 PM BFTB Week 44 Project Update Posted http://www.bitfromtheblock.com/index.php/forum/project-announcements/1013-week-44-project-update
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on August 26, 2015, 01:58:18 PM A Couple concepts for a new BFTB project logo:
http://i57.tinypic.com/2luyiys.jpg What do you think? Which one do you like? Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on August 30, 2015, 04:25:07 PM BFTB Project Week 45 Update Posted and Dividend Payment Made:
http://www.bitfromtheblock.com/index.php/forum/project-announcements/1120-week-45-project-update Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on September 02, 2015, 02:48:15 PM Sooo it may not seem like a large victory but as of this month our domain and project as a whole will officially be turning 1 year old on 9/17/15!
Title: Re: BFTBMining: Celebrating 6+ Months of Operation! Post by: Dr Charles on September 06, 2015, 05:35:14 PM Week 46 Project Update Posted : http://bitfromtheblock.com/index.php/forum/project-announcements/1212-week-46-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on September 13, 2015, 12:52:30 PM Week 47 BFTB Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1344-week-47-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on September 20, 2015, 07:41:04 PM Week 48 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1416-week-48-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on September 23, 2015, 08:15:02 PM Installing (2) new, 30 Amp, single phase 208V, receptacles at the Charlotte mining facility :) getting ready for the s7.
http://i57.tinypic.com/iyjt74.jpg Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on September 27, 2015, 01:24:06 PM Week 49 Project Update Posted http://bitfromtheblock.com/index.php/forum/project-announcements/1511-week-49-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on September 27, 2015, 01:39:27 PM Got the NEMA L6-30 Receptacles installed. Just waiting on the PDU's and the S7 to get here :)
http://i61.tinypic.com/20ayjwl.jpg Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on October 04, 2015, 04:36:20 PM Week 50 project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1694-week-50-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on October 11, 2015, 02:50:03 PM Week 51 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1724-week-51-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: katafrag on October 18, 2015, 08:24:53 AM hey dr charles, i'm still happy with my investment !!! keep going ... bitcoin is soaring now. Deutsche bank on the verge of collapse, still a lot of news that can emerge in our favor.
if deutsche bank collapses it will be like Lehman in 2008 and bitcoin at 1000$ http://beforeitsnews.com/alternative/2015/09/deutsche-bank-is-headed-for-collapse-in-germany-3218300.html keep drilling , you're the man !!! Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on October 19, 2015, 12:38:14 PM 1 Year Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1820-1-year-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on October 25, 2015, 04:50:34 PM Week 53 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1921-week-53-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 01, 2015, 02:44:49 PM The week 54 project update has been posted http://bitfromtheblock.com/index.php/forum/project-announcements/1940-week-54-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 08, 2015, 03:46:01 PM Week 55 BFTB Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1965-week-55-project-update
Note: Dividend Payment will be completed no later than 5:00pm eastern time. Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 12, 2015, 10:00:06 PM dividend payment sent
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 15, 2015, 05:24:41 PM Week 56 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/1978-week-56-project-update#2223
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 22, 2015, 03:14:06 PM Week 57 Project Update Posted and Dividend Payment will be sent shortly. http://bitfromtheblock.com/index.php/forum/project-announcements/1994-week-57-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on November 29, 2015, 04:23:37 PM Week 58 Project Update posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2003-week-58-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 06, 2015, 04:43:03 PM Week 59 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2061-week-59-project-update
Dividend Payment will be send by end of day today. Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: katafrag on December 06, 2015, 04:57:35 PM Week 59 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2061-week-59-project-update Dividend Payment will be send by end of day today. I highly recommend this asset . Im in it from the beginning and the owner is clever and honest. Bitcoin price is moving up and it's all good :) I also recommend My favourite asset EPL 2015 https://nxtforum.org/asset-exchange-general/(ann)-epl2015-premier-league-tipping-system/40/ All the numbers from last year are in the thread as this year dividends. Last year's ROI was 136% so I invested 3.4 BTC and got 8 BTC after one year. The owner is also on facebook and is a very honest guy. Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: katafrag on December 06, 2015, 05:09:24 PM Week 59 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2061-week-59-project-update Dividend Payment will be send by end of day today. I highly recommend this asset . Im in it from the beginning and the owner is clever and honest. Bitcoin price is moving up and it's all good :) I also recommend My favourite asset EPL 2015 https://nxtforum.org/asset-exchange-general/(ann)-epl2015-premier-league-tipping-system/40/ All the numbers from last year are in the thread as this year dividends. Last year's ROI was 136% so I invested 3.4 BTC and got 8 BTC after one year. The owner is also on facebook and is a very honest guy. Hey Dr Charles is it possible to invest more? Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 10, 2015, 02:03:29 PM Week 59 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2061-week-59-project-update Dividend Payment will be send by end of day today. I highly recommend this asset . Im in it from the beginning and the owner is clever and honest. Bitcoin price is moving up and it's all good :) I also recommend My favourite asset EPL 2015 https://nxtforum.org/asset-exchange-general/(ann)-epl2015-premier-league-tipping-system/40/ All the numbers from last year are in the thread as this year dividends. Last year's ROI was 136% so I invested 3.4 BTC and got 8 BTC after one year. The owner is also on facebook and is a very honest guy. Hey Dr Charles is it possible to invest more? Absolutely. You can either purchase mining power one GH at a time from the NXT asset exchange from within your local wallet or you can purchase a whole miner to be hosted in the Charlotte facility. Of course choosing the whole miner means you will get a better price at the per GH level but it requires a higher level of investment. Feel free to respond here, PM me or email me directly at admin@bitfromtheblock.com and we can get you set up any way you would like. Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 13, 2015, 02:39:55 PM BFTB Project Week 60 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2104-week-60-project-update
Dividend Payment Will be Completed Shortly. Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 16, 2015, 10:28:22 PM Since October of 2014, the Bit from the Block Project has been operating as a unique, diversified and member driven mining project. The whole purpose behind the concept of the BFTB project was to provide an avenue for people who wanted to be part of the Bitcoin mining race but for several reasons were not currently involved. Whether they could not afford to purchase and maintain the hardware themselves or if they just did not know which “cloud mining” sites to trust after several industry fly-by-night “mining” companies disappeared with members’ funds. BFTB became a unique entity and a stand-out option within the industry.
As with all start-ups (especially in the Bitcoin mining industry) BFTB was met with waves of skepticism, questions and doubt. At the start, I could not provide a ton of answers but I was confident in the business model so I just asked people to wait and see before joining the project if they had doubts in me or the project model. Actions speak much louder than words. Well… here we are, 14+ months later. BFTB escaped the collapse of Coinsortium.co with good strategic planning and foresight, BFTB established itself on the NXT Asset Exchange, BFTB has close to 100 individual members, BFTB has deployed over 20,000 gh/s of Bitcoin mining power, and BFTB was able to maintain operations when BTC hit lows of under $200 per coin while many other much larger mining providers ceased operations. With the Bitcoin industry starting to go mainstream, financial laws and regulations are bound to follow swiftly. To this point, I have not pushed the growth of the BFTB project too hard because there is no formal legal structure or reporting guidelines currently in place. Again, the purpose of the BFTB project was to help you, the miners, not for me to make profit. Over the last year or so, I have not taken any profit from running this project. 90% of generated revenue has gone back to project members with the remaining 10% being reinvested into mining operations. This type of approach has allowed for slow organic growth and creation of a fundamental and loyal member base but it has its limitations in terms of true long term growth. So… what is the point of this email? The BFTB project has been approached by an outside investor who is interested in helping bring this project to a legal standard in which it could truly thrive and provide a benefit to those involved over the long term. This investor has offered to cover any and all legal fees required to properly launch the business. Over the coming weeks, I will be in discussions with a team of lawyers as well as accountants in order to figure out the best way to legally structure this “project” to formally turn it into a business. By incorporating into a legal entity, it will provide a level of transparency as well as accountability for the operations and earnings that we as a member base generate. I do not think this process will be a fast one because I would like to make sure that the BFTB is structured in a way that we are covered and operating 100% legally under the few current laws, which would make it easy to adapt to any new laws that may come out in the future as Bitcoin and the Blockchain technology grow in acceptance. What does this mean for current BFTB members? Over the coming weeks while discussions of a proper legal and tax structure for the BFTB project are being held, a couple things will be going on for current members. 1) Dividend payment structure will change slightly. Dividend payment rate will drop to 80% of total revenue generated. 10% of total revenue generated will still be re-invested in mining power. The final 10% of revenue generated will be used for an “expense fund” for upcoming and unforeseen expenses that may arise during this legal re-structuring and that may not be included in the scope of our outside investor. Any additional BTC left over from the “expense fund” at the end of the re-structuring will be reinvested into mining power to increase revenue generation. 2) BFTB will start to re-purchase shares at fair market value on the asset exchange. If you are not interested in waiting to see how this project turns into a legitimate business, an easy out will be provided for you. Simply post your GH for sale on the NXT Asset Exchange through your local wallet and BFTB will begin purchasing GHs back at its discretion. Alternatively, send an email to admin@bitfromtheblock.com with your current amount of shares as well as asking price per share. BFTB has the right to deny or accept any rate deemed fit for repurchasing the shares. 3) For those who are interested in remaining a part of BFTB and are willing to wait for the re-structuring, a coupon type program will be developed where you can trade in your current BFTB mining power for a voucher to obtain a new mining contract with the formal organization. The details of this program have not been worked out yet but will be part of the discussions with the legal and tax teams. I will in no way be leaving BFTB nor will I allow it to be turned into something it is not. This legal restructuring is contingent upon me remaining as the director of operations/CEO of the new company. Although this may not be what some members want to hear, I truly believe it is the best course of action for the BFTB project in the long run as well as for myself to be shielded from any legal or tax ramifications down the road since we are currently operating in a legal “gray zone”. What are the next steps after the restructuring? After BFTB has been restructured into a legitimate organization, the next step will be to launch a real website, not what we currently have had to make do with. The goal will be to have everything we have been talking about over the last year… Built in message board, built in ROI tracker, built in buy/sell marketplace, and more. Longer term goal will be to move into a much larger mining facility as well. While we have almost 20 Kw worth of electrical capacity at the currently facility, the goal will be to get closer to a 100kwh capacity facility to implement more hardware and rely less on outside cloud mining providers so we can get more aggressive on per GH pricing as well as per GH maintenance costs. I am sure over the coming weeks there will be numerous questions, suggestions, comments and concerns about how the BFTB will be moving forward. I will address and answer as many as I can and I will attempt to get a FAQ page posted to our current message boards with some answers to the most common questions. As always, please feel free to contact me directly at admin@bitfromtheblock.com or pm me on Bitcointalk @ “Dr Charles”, Litecointalk @ “DrCharles”, Nxtforum @ “DrCharles”, or HashClub @ “DrCharles” I am extremely excited to take this next step with you guys and I greatly appreciate the support and good feedback I have received thus far for running this service. Best Regards, Dr Charles Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 20, 2015, 01:59:16 PM The Week 61 BFTB Project Update has been posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2155-week-61-project-update
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on December 27, 2015, 02:05:07 PM The BFTB Project Week 62 Update Has Been Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/2598-week-62-project-update . Dividend Payment will be sent shortly.
Title: Re: BFTBMining: Celebrating 1 Year Of Operation! Post by: Dr Charles on January 10, 2016, 03:55:03 PM Week 64 Project Update Posted: http://bitfromtheblock.com/index.php/forum/project-announcements/3255-week-64-project-update
Dividend Payment Will Be Sent Shortly. |
