Bitcoin Forum

Economy => Securities => Topic started by: Icoin on June 30, 2012, 04:05:49 PM



Title: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on June 30, 2012, 04:05:49 PM
Verification:        Premium
Ticker:                GMP (https://cryptostocks.com/securities/9)
Name:                GLARI Mining Project
Listed on:           June 30, 2012 15:21
Owner:               richard.porubcan at gmail.com
Shares issued:    50,000
Shares held publicly:   3,621
Total dividends paid:    284.39 BTC
                            

Web page:   glari.ch (http://glari.ch)


GLARI Mining Project (Ticker id GMP) is a Bitcoin mining and developing company utilizing FPGA/ASIC.
65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends.
Dividends are paid weekly.

This Project has 3 major targets:
1. Support of P2Pool avarage Hasrashrateholder to one
2. Developing of long therm Support for FPGA/ASIC Mining Operations
3. Stabilizing alt chains Mining Performance


Das Glari Mining Projekt (Ticker id GMP) ist eine Bitcoin Mining und Entwicklungs Firma welche FPGA/ASIC einsetzt.
65% des gesammten BTC Mining Gewinns wird unter GMP Anteilshaltern in Form von Dividenden wöchentlich augeschüttet.

GMP verfolgt 3 Hauptziele:
1. Stützung der Hashrate von P2Pool
2. Langzeit Support von FPGA/ASIC Mining Operationen
3. Stabilisierung der Performance von alternativen Blockketten

Mining Equipment:                    5 KNC Jupiter
                                           13 Bitmine CoinCraft


      
Operation Location: Switzerland


Title: Re: [CRYPTOSTOCKS] Glari Mining Project - P2Pool mining
Post by: Ben Walsh (beamer) on June 30, 2012, 04:11:37 PM
Subbed.


Title: Re: [CRYPTOSTOCKS] Glari Mining Project - P2Pool mining
Post by: John (John K.) on June 30, 2012, 04:20:44 PM
Subbed.
Use this instead of subbing: https://bitcointalk.org/index.php?topic=90136.0

That said, why the lower rates then other mining companies? 50% paid out with the company pocketing 35% is kind of low..


Title: Re: [CRYPTOSTOCKS] Glari Mining Project - P2Pool mining
Post by: Sukrim on June 30, 2012, 04:36:04 PM
Also why such bad german?

So you really need 35% of all mined coins? What if you need even more or substantially less? Why FPGAs and which type(s) of them? What are your qualifications in running Bitcoin mining operations and what is it that YOUR project can/will do that nobody else can?
Honestly, I don't see much innovation in this and being based in Switzerland, I guess your electricity rates will also be not one of the best possible.


Title: Re: [CRYPTOSTOCKS] Glari Mining Project - P2Pool mining
Post by: Icoin on June 30, 2012, 05:13:44 PM
Quote
So you really need 35% of all mined coins? What if you need even more or substantially less? Why FPGAs and which type(s) of them? What are your qualifications in running Bitcoin mining operations and what is it that YOUR project can/will do that nobody else can?
Honestly, I don't see much innovation in this and being based in Switzerland, I guess your electricity rates will also be not one of the best possible.

For the used Hardware pls look again.
GMP is not a mining operation only. In fact mining it is just a small part of the whole project. More informations will be published on our Webside douring the next days.

35% will stay inside GMP and will be used for mining expenses as well financing development and advancing mining technology, our plan is not just to buy FPGA and operate them as they are.

Instead will the growth be reflected in the dividends to our shareholders.

I understand that other mining operations follow different biz models..

For security concerns: Personal Verification trough cryptostocks passed


Thanks


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: Tril on July 01, 2012, 03:42:05 PM
For security concerns: Personal Verification trough cryptostocks passed
Cryptostocks should post about this instead of you. 

It's risky investing in a brand new company on a brand new exchange.  Please launch your website, THEN promote your shares. :)


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: Sukrim on July 01, 2012, 05:24:40 PM
Actually I can't even access your website and your other page (icoin.ch) also just shows a config error...


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: Icoin on July 01, 2012, 11:02:25 PM
Quote
Actually I can't even access your website and your other page (icoin.ch) also just shows a config error...
for glari.ch please reread the first post.

There is no accessable webside for icoin.ch.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: Icoin on July 08, 2012, 09:53:17 PM
thanks to all who got some shares from GMP (https://cryptostocks.com/securities/9) by now. Its realy awesome to see the project grow! Meanwhile we have a webside and there are various functions implemented. I spoke with ngzhang a few days ago; the lancelot boards are in production and should be ready for shipping in around two weeks, by now we allready have two fpgamining x6500 boards added to our p2pool node (not yet part of the divident payout program) and the amount of btc for the first lancelot boards (will be part of the GMP dividents payout program) was collected within a few weeks.

Meanwhile there is a 19" rack cabinet present and two 790FX-GD70 boards of course HDD, CPU and RAM aswell. Two XFX 650pro PSU, two UPS, two ATI Radeon 5830 , the project starts to take shape:

RITTAL CABINET (http://ecx.images-amazon.com/images/I/31FLaO7hkDL._SL500_AA300_.jpg)
790FX-GD70 (http://www.dvhardware.net/news/msi_790fx_gd70.jpg)
XFX 650 pro (http://media.schottenland.de/pi/XFX-P1-650S-NLB9.jpg)
Saphire Radeon 5830 (http://techgage.com/reviews/ati/hd_5830/hd_5830_01_thumb.jpg)
FPGA Mining x6500 (http://fpgamining.com/assets/images/x6500_rev3_angle_a.thumb.jpg)








Title: First shipping accepted and confirmed
Post by: Icoin on August 05, 2012, 10:23:15 AM
Today i can confirm that the oder was accepted from ngzhang and will be shipped not later then 12. August 2012. By now the new Bitstream is still in work but we can use the Icarus Bitstream till the new Bitstream becomes avalable. This means that the first dividends will be distributed among shareholders as planed.
Thanks to all shareholders to make this possible.

http://i.minus.com/ivUXHyo9gkBJj.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: hashme on August 12, 2012, 12:59:10 PM
Hello, Icoin!  I'm a GMP shareholder. Could You, please, update the status of the project?


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: Icoin on August 13, 2012, 04:44:17 AM
Quote
Hello, Icoin!  I'm a GMP shareholder. Could You, please, update the status of the project?

Quote from Ngzhang: finished packaging work today. the international express agent picked it and will give me the tracking No. tomorrow.


  • Producer hardwaretest finished successfully
  • First batch of hardware is ready for shipping.
  • New shares issue will be stoped temporary, as soon shipping no. is delivered
  • First dividends payout as expected.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool mining
Post by: ngzhang on August 14, 2012, 04:20:39 AM
Quote
Hello, Icoin!  I'm a GMP shareholder. Could You, please, update the status of the project?

Quote from Ngzhang: finished packaging work today. the international express agent picked it and will give me the tracking No. tomorrow.


  • Producer hardwaretest finished successfully
  • First batch of hardware is ready for shipping.
  • New shares issue will be stoped temporary, as soon shipping no. is delivered
  • First dividends payout as expected.


package sent yesterday. tracking NO. also sent by email.  :)


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Round FINAL CALL>
Post by: hashme on August 15, 2012, 06:21:57 PM
Thank you, sirs!
Now waiting for Dividends 8)


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: Icoin on August 23, 2012, 03:14:21 PM
6 FPGA Boards online

https://blockchain.info/address/1LdwedmvYjyPT7qmRFpRThtd4bEKUdMexD


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: hashme on August 25, 2012, 09:39:32 PM
Just now: 
Quote
Total Received    2.62947206 BTC
When could I expect some dividents payout?


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: Icoin on August 27, 2012, 11:25:14 AM
Quote
When could I expect some dividents payout?

Friday 31. August 2012 will be the first mining dividends payout to all shareholders.

Quote
Total Received    2.62947206 BTC

Please be aware that blockchain.info does count orphaned blocks (0.38165625 BTC @ 2012-08-24 19:09:21) aswell so the total amount is a bit a different value.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: hashme on August 31, 2012, 08:14:17 PM
 :( I'm disappointed. No dividends yet.

Quote
GMP Mining Address:
https://blockchain.info/address/1LdwedmvYjyPT7qmRFpRThtd4bEKUdMexD



GMP on hold Address:
https://blockchain.info/address/1CwYDfzhQTiadxeMb48K4gXntLZ4kCSsf3
Total Received    7.34073036 BTC    
Final Balance    3.2084417 BTC    



Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: hashme on August 31, 2012, 08:18:44 PM
Quote
When could I expect some dividents payout?

Friday 31. August 2012 will be the first mining dividends payout to all shareholders.



Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <GPL QCool Element>
Post by: Icoin on September 02, 2012, 09:03:21 PM
QCool Element for GMP

design phase over

prototype phase started

The QCool element ist a watercooling adapter for the Lancelot Board

http://glari.ch:3000/projects/qcool
https://cryptostocks.com/securities/14

http://glari.ch:3000/attachments/download/2/Qcool8.jpg
http://www.glari.ch:3000/attachments/download/5/Qcoolroh.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - September 2012
Post by: Smoovious on September 27, 2012, 10:36:20 PM
Are you set up for any of the public nodes for failover?

-- Smoov


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 28, 2012, 12:17:15 AM
Quote
Are you set up for any of the public nodes for failover?

Yes, there are some 0 fee nodes out there


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: drekk on September 29, 2012, 08:36:28 PM
How is GMP planning to deal with ASICs?


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 29, 2012, 08:58:58 PM
Quote
How is GMP planning to deal with ASICs?

In the actual situation we look forward to ASIC.
By now GMP is in use of Lancelot FPGA Boards.
Actualy we work on a full watercooling loop for the Lancelot tower.
Im quite sure the QCool elements will be usefull for ASIC's and the next generation FPGA aswell ;)
GMP would be proud to be one of the first to implement ASIC's or the new FPGA for there shareholder.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: drekk on September 29, 2012, 09:10:31 PM
Thanks for the fast reply!

But you've not yet placed any pre-orders or something to that extent? Are you planning to do so? I'm just wondering, because to me it looks like ASICs will turn the mining world a little upside down if/when they hit the market.

I understand GMP is not solely based on mining itself, but it seems that's the revenue generating part of the business. So I'd like to make sure you're prepared for whatever is going to come before I put money in this. ;)

Cheers!
~drekk~


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 29, 2012, 09:23:33 PM
Quote
But you've not yet placed any pre-orders or something to that extent? Are you planning to do so? I'm just wondering, because to me it looks like ASICs will turn the mining world a little upside down if/when they hit the market.

There are no preorders made yet.

Quote
So I'd like to make sure you're prepared for whatever is going to come before I put money in this. Wink

To be prepeard would mean to have a significant amount of Bitcoins avalable to get the new hardware. Therefore it depends on the shareholders how many ASIC's or next generation FPGA are gonna be integrated into the GMP Project.



Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: drekk on September 29, 2012, 09:32:27 PM
So how are you using funds at the moment? Does it all go into the QCool project?
How much do you need to raise to invest in new hardware (which kind and amount?)

If I give you 100 BTC today, what would you do with it?

Thanks!
drekk

P.S. Not trying to be a pest. Just careful with my money. :)


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 29, 2012, 09:40:58 PM
Quote
So how are you using funds at the moment? Does it all go into the QCool project?
No, the QCool Project is sponsored by Devcoin Bounty (DVB) All funds generated out of GMP mining and shares are collected and stored for the growth of GMP.

Quote
How much do you need to raise to invest in new hardware (which kind and amount?)
Like i said, it depends on the shareholders. More BTC means more hardware, there is still a lot room in the cabinet avalable.
Quote
If I give you 100 BTC today, what would you do with it?
Well you dnt need to give me anyhting, but you can get shares. The BTC aswell as the BTC on hold gonna be used for the new hardware.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: drekk on September 29, 2012, 09:50:49 PM
That's still pretty vague. I'm basically interested in your business plan, especially current and planned projects and how funds are distributed among them.

Share your vision! :D


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 29, 2012, 10:30:12 PM
Quote
Insert Quote
That's still pretty vague. I'm basically interested in your business plan, especially current and planned projects and how funds are distributed among them.

Share your vision! Cheesy

Well i agree with you it is vague. Since you started to ask me about ASIC's.
GMP is of course growth oriented in therms of mining. And has to deal with the avalable resources in therms of harware.

Personaly i see the ASIC thing a bit cloudy. The new FPGA 28nm generation should be allmost similar in hashing power as ASIC.
By now we have Cutting Edge Technology in use for our Shareholders. 2 X6500 and 5 shareholders funded Lancelot Boards a total of 14 Spartan6 FPGA Chips work flawless, therefore GMP has the tendency for 2013 to be more FPGA oriented then ASIC. Noone has any results from ASIC yet, but there is meanwhile a allmost 1 year douring expirience with FPGA, by now the 2012 hardware proved itself as very stable. There was a long way to go from the first ideas about a FPGA in 2011 starting with x6500 trough Icarus and now finaly Lancelot.

The ASIC hardware is expected for 2013. But maybe ngzhang or an other producer will come up with the next generation FPGA this year To switch a fpga chip from generation 6 to generation 7 on a working PCB is more easy then to develop a asic and a pcb and have it perfect stable first generation.

However we will continue to mine with stable mining equipment, and optimize our hardware for the best results.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: drekk on September 29, 2012, 10:40:53 PM
Thank you very much for this elaborated reply.

I agree with you that the whole ASIC issue is "cloudy" indeed, so I think it is rational to continue working on and improving what you're familiar with instead of blindly following a hype for hardware no one has ever seen so far.

I'll definiteley keep an eye on your shares and this thread.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA order Round>
Post by: Icoin on September 30, 2012, 02:58:24 AM
We are about to implement watercooling for the Lancelot boards. 5 Boards should be equiped with a QCool element by the end of next week.

http://www.glari.ch:3000/attachments/download/9/LancelotQCxs.png


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <2. FPGA/ASIC Round>
Post by: Icoin on October 15, 2012, 03:35:21 PM
GMP goes AVALON

https://bitcointalk.org/index.php?topic=110090.0
According to this post we can expect the first batch of Avalon Boards by the end of February 2013. Since GMP actively uses 5 Lancelot Boards, our project has 400 USD price off per board in case we would exchange Lancelot for Avalon.
This means our 5 Lancelot can be turned into 5 Avalon a total of av. 300 GH/s.

GMP requested a price offer from the Avalon Project.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <Avalon>
Post by: Icoin on October 19, 2012, 06:43:27 PM
We are ready for the 200 mhz bitstream. Since there is no bether one, we gonna test our watercooled equipment with the fastest avalable bistream. The results should become visible douring the next month in the graph.

http://glari.ch:3000/attachments/download/10/LancelotQcool.png


The DVB Sponsored QCool element is made for LANCELOT a watercool element for AVALON as soon the board is out.

price: 79 CHF
preorder: 3 BTC

please email qcool at glari.ch


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <Avalon>
Post by: drekk on October 20, 2012, 09:59:06 AM
Good news!
I like.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <Avalon>
Post by: Icoin on October 25, 2012, 10:18:34 AM
http://glari.ch:3000/attachments/download/11/GMPOkt2012.jpg

http://glari.ch:3000/attachments/download/13/LancelotQCinactions.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <Envision Avalon>
Post by: Icoin on December 06, 2012, 12:12:10 PM
Happy Nikolaus Day - You can find a small 1000 DVB Shares :) present from GMP in your portfolio for your trust in the project. Thanks for supporting us!



Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - Avalon Upgrade
Post by: Icoin on December 14, 2012, 09:37:49 PM
Good news , avalon ASIC are expected to be shipped:
Quote
14. January 2013
As Lancelot Customer we are able to exchange each Lancelot board for a Avalon Asic Board for additional 899$

so the goal is to reach at least 4500$ to make this transition. For every new additional asic we pay 1299$

New shareholders are welcome to join the transition from av. 3 for 330 GH

https://bitcointalk.org/index.php?topic=120184.msg1294416#msg1294416

https://en.bitcoin.it/wiki/Mining_hardware_comparison#ASICs


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - 330gh/s shipping with 2. Batch
Post by: Icoin on January 04, 2013, 09:00:53 AM
GMP Report for 2012

Project started 31. August 2012

Initial amount of shares:                       2651
Actualy amount of 3rd party shares:      2519

Full financed Buyback difference today:  122 shares (a av. 0.28 BTC) 34.16 BTC*
Dividends today:                                                                            57.87 BTC

Total                                                                                             92.03 BTC

GMP on Hold:                                                                      13.98 BTC
GMP CS account:                                                                   1.00 BTC

Total Liquidity:                                                                     14.98 BTC        


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - 330gh/s shipping with 2. Batch
Post by: Icoin on January 07, 2013, 02:26:41 PM
https://cryptostocks.com/assets/GMPBild72-910d09d84d5b3550572566c4e177a076.png


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - 300gh/s shipping with 2. Batch
Post by: Icoin on January 13, 2013, 10:32:29 PM
What do you think about this?
Especially as regards the European market, with electricity costs between $ 0.10-0.30/kwh

strictly speaking on power being the only variable I wouldn't even suggest to "mine-for-profit" basis with power rates higher than $0.10 ( and you are unable to get write offs or reductions. )

The real factor in the transition period of ASIC units will ultimately be delivery time, when difficulty is lower and the ROI is much higher.

Let's take this conservative example. using http://bitcoinx.com/profit/index.php

6 times the current difficulty
$.25 power cost.
400W
60GH/s

your break even time is 81 days, thats little over 2 month, of course assuming you can only maintain this ROI rate for 12 days or so, you would have effectively made 15% of your invest back.

with the current trend of everybody pushing their shipping date back I feel everybody has over estimated how quickly the difficulty will rise.

Let's assume Tom sold 1000 units, that's give or take 50TH/s,
Avalon only selling 300 units first batch, ~20TH.
BFL sells a crazy estimate of 2000 units, 120TH.

that barely adds up to 200THash, which is about 10 times the current network rate, and if difficulty goes up by a factor of ten using the same formula above. your ROI is 156 days.

honestly, it isn't that bad.

disclaimer: Avalon nor Yifu will be responsible for information provided here based an educated guess of future Bitcoin mining difficulty.

I marked the for GMP essential points, actualy we are in for Batch2 of the Avalon Devices.
5 Lancelot Boards are ready for the tradein (Lancelot for Avalon Exchange)
GMP Buyback program completed!

It would be great when we could add 10 Avalon instead of 5 to the GMP Project with Batch2 :)


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - 300gh/s shipping with 2. Batch
Post by: Icoin on January 22, 2013, 10:33:38 AM
Quote
avalon-asics.com:    
    Batch Status: Not Open
    Unit Price: $1,499
    Batch Size: 500 Units

    Duration: To be announced
    Payment Processor: WalletBit
    Shipping Time: March 1st, 2013

We have a 400 dollar price off so the calculation for the LANCELOT TRADE-IN is 5 x 1099 USD

Quote
BitSyncom:
Let's put it this way, room temp is 25C, on MAX LOAD for 40 hours in a room-size machine made for "burn-in" testing, we are looking at 48.xC top tempature, we actually removed 2 fans from the case lol.

GMP Avalon Asic crowdmining (https://cryptostocks.com/securities/9)


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 23, 2013, 07:49:43 PM
Yifu Guo Interview (http://bitcoinmagazine.com/avalon-ships-bitcoins-first-consumer-asics/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+%28Bitcoin+Magazine%29)


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 27, 2013, 09:52:20 PM
https://i.imgur.com/FgLrXZi.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 29, 2013, 11:23:58 PM
Things start to take shape. We just was contacted by Team AVALON and they provided us this :) :

The Storm has Come

For those you have not heard on the forums, reddit and other news sources. The world's first ASIC technology enabled bitcoin mining hardware has shipped.

Second Batch

Second batch's order time have been announced. here.

http://puu.sh/1UyQ8


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 30, 2013, 09:24:22 PM
First Avalon ASIC delivered:

Quote
[01:50] <jgarzik> mining!
[01:50] <jgarzik> [MHS av] => 68252.65
[01:50] <TuxBlackEdo> no wai
[01:50] <goodbtc> OLE!!!
[01:50] <qwertyoruiop> does asic mining mean i can use a pair of shoes to mine bitcoins?
[01:50] <happy> ZOMG!

http://3.bp.blogspot.com/-2mMVDKtIww4/UQmMGRTmYaI/AAAAAAAABSM/kcTe0id7lfA/s1600/IMG_4265.JPG

https://i.imgur.com/wZ1hZlM.jpg

http://garzikrants.blogspot.ch/2013/01/once-upon-time-in-china-package-shipped.html


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 31, 2013, 01:52:08 AM
Quote
Reply was 'STATUS=S,When=1359591255,Code=11,Msg=Summary,Description=cgminer 2.10.4|SUMMARY,Elapsed=1683,MHS av=67537.13,Found Blocks=0,Getworks=60,Accepted=26365,Rejected=61,Hardware Errors=18,Utility=939.84,Discarded=113,Stale=0,Get Failures=0,Local Work=27502,Remote Failures=1,Network Blocks=3,Total MH=113676072.2419,Work Utility=942.80,Difficulty Accepted=26365.00000000,Difficulty Rejected=61.00000000,Difficulty Stale=0.00000000,Best Share=244725|'
[STATUS] =>
(
   [STATUS] => S
   [When] => 1359591255
  
Code:
 => 11
   [Msg] => Summary
   [Description] => cgminer 2.10.4[/quote]

http://pastebin.com/g4BhvCXK


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: usagi on January 31, 2013, 07:25:29 AM
Shares of GMP jumped 100% on this announcement. Nice :)


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 31, 2013, 09:56:26 AM
Quote
Shares of GMP jumped 100% on this announcement. Nice Smiley :'(

Not sure what you understand by 100% but right, the price rose.
0.4 BTC shares were sold out yesterday , now 0.5 BTC shares are avalable.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: usagi on January 31, 2013, 01:12:56 PM
Quote
Shares of GMP jumped 100% on this announcement. Nice Smiley :'(

Not sure what you understand by 100% but right, the price rose.
0.4 BTC shares were sold out yesterday , now 0.5 BTC shares are avalable.

bid was .30 yesterday wasn't it? I thought 0.60 shares were being sold, my bad. Still, 50%+ is nothing to shake a stick at. I don't think the majority of investors are aware of this news yet.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Deprived on January 31, 2013, 01:15:51 PM
Quote
Shares of GMP jumped 100% on this announcement. Nice Smiley :'(

Not sure what you understand by 100% but right, the price rose.
0.4 BTC shares were sold out yesterday , now 0.5 BTC shares are avalable.

bid was .30 yesterday wasn't it? I thought 0.60 shares were being sold, my bad. Still, 50%+ is nothing to shake a stick at. I don't think the majority of investors are aware of this news yet.

Highest id was at .35 or so yesterday, but all trades for the last week or so have been off the ask wall at .4.  That got cleared last night and the .5 ask wall started on - so the rise was 25% and was just a case of moving from one tier to the next of sales.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: usagi on January 31, 2013, 01:18:26 PM
Quote
Shares of GMP jumped 100% on this announcement. Nice Smiley :'(

Not sure what you understand by 100% but right, the price rose.
0.4 BTC shares were sold out yesterday , now 0.5 BTC shares are avalable.

bid was .30 yesterday wasn't it? I thought 0.60 shares were being sold, my bad. Still, 50%+ is nothing to shake a stick at. I don't think the majority of investors are aware of this news yet.

Highest id was at .35 or so yesterday, but all trades for the last week or so have been off the ask wall at .4.  That got cleared last night and the .5 ask wall started on - so the rise was 25% and was just a case of moving from one tier to the next of sales.


*Scratches head* this is why I hired an accountant.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on January 31, 2013, 05:56:04 PM
Quote
Shares of GMP jumped 100% on this announcement. Nice Smiley :'(

Not sure what you understand by 100% but right, the price rose.
0.4 BTC shares were sold out yesterday , now 0.5 BTC shares are avalable.

bid was .30 yesterday wasn't it? I thought 0.60 shares were being sold, my bad. Still, 50%+ is nothing to shake a stick at. I don't think the majority of investors are aware of this news yet.

Highest id was at .35 or so yesterday, but all trades for the last week or so have been off the ask wall at .4.  That got cleared last night and the .5 ask wall started on - so the rise was 25% and was just a case of moving from one tier to the next of sales.


*Scratches head* this is why I hired an accountant.

0.3 Shares was sold out some weeks ago, basicaly as AVALON anounced the first time. By then only 0.4 shares was avalable till yesterday. As there where sold out too, since the proove of Jeff Garzik, we reached 0.5.
There are still 370 0.5 shares left by now.

Feel free to have a look in the trading history: https://cryptostocks.com/securities/9#trading

With the rised USD exchangerate today, GMP has the funds for the trade-in ready.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: usagi on February 01, 2013, 04:58:02 AM
With the rised USD exchangerate today, GMP has the funds for the trade-in ready.

Cool. I have some shares.

I'm also intrigued by the options trading system on Crypto::Stocks. I've placed a variety of calls for sale on GMP with a strike price of 0.6, ranging in price from .1 to .6. But I don't see any other options. Do people just not trade options there?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Deprived on February 01, 2013, 07:08:33 AM
With the rised USD exchangerate today, GMP has the funds for the trade-in ready.

Cool. I have some shares.

I'm also intrigued by the options trading system on Crypto::Stocks. I've placed a variety of calls for sale on GMP with a strike price of 0.6, ranging in price from .1 to .6. But I don't see any other options. Do people just not trade options there?

The only other options I ever saw there were some puts and calls on the ponzi JDBIF (that's the one that promises 20% per month, hasn't paid that since October but still trades) and there was one option up on IBB for a little while.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 02, 2013, 12:24:58 AM
Quote
Trade-ins are independent of the 600 units in batch #2, they also have a higher priority.
Module slots have been reverted back to 4 with a possibility to be changed to 6. this is to ensure the proper delivery time of batch two.

Our goal is to get 5 AVALON equipped with 6 Modules what will be working for GMP.
When everything works as planed this means av. 600 gh/s.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 300gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 05, 2013, 02:41:19 PM

Fuel Cell PSU price and delivery conditions requested: http://www.fuelcellmarkets.com/3,1,28266,18,28377.html

http://www.fuelcellmarkets.com/images/articles/28266/MF-UTH-10.jpg

Most plausible power backup solution:

Smart-UPS 19" 5000 VA 4000 W 5HE
http://t1.gstatic.com/images?q=tbn:ANd9GcSIn85a0jgwPDKO_3jvUrigpvU2OLCgYp_x6p_bk6Qd4YMUqzeWIA


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on February 08, 2013, 07:12:10 PM
Quote
Our goal is to get 5 AVALON equipped with 6 Modules what will be working for GMP.
When everything works as planed this means av. 600 gh/s.

We aproach the goal of 5 Avalon equiped with 6 modules financialy as it seems in time. Do to the delayed trade-in and the rise of the Bitcoin/USD exchangerate we gained :)
Calculated without customs and shipping cost by now, we are able to trade-in 5 Avalon devices, and add 9 modules.
So its not mutch room left for the asic modules! We can soon start to focus on energy backup.
You guys are awesome!
Thank you for the support.
http://www.youtube.com/watch?v=M1APFyc_QtQ


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 08, 2013, 10:48:16 PM
ASIC (5 in process):
comming soon!

Cabinet (1):
http://www.rittal.de/downloads/PrintMedia/PM5/en/TE_7000_GB_03_2004.pdf
http://ecx.images-amazon.com/images/I/31FLaO7hkDL._SL500_AA300_.jpg


UPS (2):
http://distrelec.ch/ishop/Datasheets/SMX3000RMHV2U_ger_datasheet.pdf
https://www.distrelec.ch/ishop/ImagesProduct/stibo/i_761468f.jpg
http://srv2.tpimg.ch/productImage.php?productID=41602&userImage=0&number=0&size=lg&downsize=true

By now we are able to backup one AVALON with the present UPS.

1 APC Smart-UPS 3000VA
1 OptiUPS 1500

1 HP ProCurve Switch 2124 J4868A
http://www.moonblinkwifi.com/files/ProCurve_Switch_2124.pdf
http://www.smartwayintl.com/products/Pic/HP-ProCurve-Switch-2124.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 11, 2013, 06:41:28 AM
Quote
Including electricity costs, the Avalon ASIC #bitcoin miner has now paid for itself.
https://twitter.com/jgarzik/status/300138033590718464


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: usagi on February 11, 2013, 06:46:43 AM
Quote
Including electricity costs, the Avalon ASIC #bitcoin miner has now paid for itself.
https://twitter.com/jgarzik/status/300138033590718464

I'm just happy I got in at such a low price (0.50/share) :)

I wonder how high it will go? If the avalons pay for themselves in 10-15 days this should go thru the roof. At 5%/month conservative I can see this hitting 10 bitcoins a share on speculation. I could really use that right now ^^

full disclosure, I own 50 shares.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: MPOE-PR on February 11, 2013, 11:00:07 AM
Quote
Including electricity costs, the Avalon ASIC #bitcoin miner has now paid for itself.
https://twitter.com/jgarzik/status/300138033590718464

I wonder what "paid for itself" means. Does he mean that discounting the cost of electricity, the board has produced enough coin so that >= 1299 / [mtgox current]? Or does he mean that if he had put $1299 into BTC at some point in the past (when) he'd have had less BTC today than the board provided (after discounting the cost of electricity, shipping etc)?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 11, 2013, 11:48:15 AM
Quote
Including electricity costs, the Avalon ASIC #bitcoin miner has now paid for itself.
https://twitter.com/jgarzik/status/300138033590718464

I wonder what "paid for itself" means. Does he mean that discounting the cost of electricity, the board has produced enough coin so that >= 1299 / [mtgox current]? Or does he mean that if he had put $1299 into BTC at some point in the past (when) he'd have had less BTC today than the board provided (after discounting the cost of electricity, shipping etc)?

It means that he is now hashing for 10 days and finds each 2 days and 4 hours on av. a block.

After 20 hours of mining, the unconfirmed + confirmed rewards equal  14.98832170 BTC.  Note that slush's pool was very lucky recently, in addition to some blocks with abnormally high TX fee income, so that number skews much higher than expected.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: EricTyle on February 11, 2013, 03:04:55 PM
Does this mean that from June 30, 2012 to January 31, 2013:

87.98BTC / 8 mo = 10.9975 BTC / 3,473 shares = .003 BTC/share /.57 BTC = 0.55% dividend on average?

Correct me if I am wrong on that; however, with the new ASICs coming out:

10BTC/66GHs = xBTC/400GHs

4,000GHs/BTC = xBTC*66GH/s = 60.61BTC = x
-----------------------------------
66GHs

Total BTC in 8mo - 175.96 BTC, total paid - 87.98 BTC
New ASIC equipment = 60.61 BTC/day * 7 day/wk = 424.27 BTC/wk (Assuming low difficulty increase for the first week)

424.27 BTC/wk / 3473 shares = .12216 BTC/share /.57 =21.4% dividend on average for the first week?

After 5-6 weeks, the shares would pay for themselves and after that you just get pure profit from the GMP group?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 11, 2013, 08:36:30 PM
Quote
Does this mean that from June 30, 2012 to January 31, 2013:

87.98BTC / 8 mo = 10.9975 BTC / 3,473 shares = .003 BTC/share /.57 BTC = 0.55% dividend on average?

Correct me if I am wrong on that

Thats incorrect.
Here some data for your calculation :) https://cryptostocks.com/securities/9#dividends

Quote
After 5-6 weeks, the shares would pay for themselves and after that you just get pure profit from the GMP group?

I guess a realistic ROI between 8 to 12 weeks but to get there is still with many variables connected.

On the other hand, you never know.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 17, 2013, 12:14:22 PM
BitSyncom,
As long as I want to order some Avalons when batch 2 reopens, I will ask you to confirm following:


1. Will you send us a letter notifications when batch 2 shall reopen?
2. Are we going to be able to trade-in lancelots? The trade-in is not still available on the store
3. Ca we pay as guest using walletbit - transfer BTC from our wallets?

I am waiting for your responses
Thank you

1. yes.
2. not yet, but it will be. trade-in has a higher priority than regular batch orders when it comes to shipping, except we are still trying to figure out what is the best way to handle this.
3. yes, this has always been true I think there was some false information spreading around about that.  

Quote
Batch two re-opening is scheduled for
Monday, Feb 18, 2013 at 9am EST.

http://store.avalon-asics.com/?product=avalon-asic-batch-2


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON Batch2 ships March 1.
Post by: Icoin on February 17, 2013, 07:31:33 PM
Quote
Bitcoin now has it’s own mining industry with companies built off of both producing equipment and mining Bitcoins. As has been posted elsewhere, Bitcoin has gone pro.
http://cryptojunky.com/blog/2013/02/17/bitcoin-asic-roundup/


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON trade-in ships March 1.
Post by: Icoin on February 19, 2013, 11:12:44 PM
Quote
Another Avalon ASIC Bitcoin miner has been delivered
http://mineforeman.com/2013/02/20/another-avalon-asic-bitcoin-miner-has-been-delivered/


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining - 400gh/s AVALON trade-in ships March 1.
Post by: Icoin on February 20, 2013, 05:36:17 PM
Quote

Consider a company/stock with the following attributes:

a)    It’s shares are bought and sold with bitcoins

b)   It’s valuation is in bitcoins

c)    It’s profits are in bitcoins

Now imagine those profits are hefty.

If we take common company valuation methodologies, specifically the PE Ratio of a company, and apply that within the new, small and constrained (in volume of total currency) world of bitcoin, we can potentially find ourselves in an interesting situation.

The valuation of said company, can in theory exceed the total number of bitcoins. brain melt

In 1999, the Average PE ratio of the S&P 500 was a staggering 44.20 (and has been above 65 since). By this account the bitcoin gambling site Satoshi Dice, who’s shares are traded in and valuation is in bitcoin, is worth a staggering 3.3million BTC. Or near enough ¼ of the total bitcoins currently in circulation.

Now imagine 100 companies (quite a small number of companies in the scheme of things) all traded and valued in bitcoin. Imagine each of those companies makes a measly 20,000 BTC profit per year (the same amount Satoshi Dice earned in January 2013 alone) for a total combined profit of 2million BTC. At a modest PE of 12 (at the date of writing the S&P500 PE was 17.37), those 100 companies would be worth twice the entire current pool of available bitcoins, and more than the total number of bitcoins that will ever be produced.

Economically it isn’t a problem because those share prices will only remain high whilst those companies continue to perform well. Some people might wonder what would happen if there was an attempt to sell all the shares at the same time, but simply put this would require the share price to go down massively (since otherwise sell orders would be met with buy orders) until demand becomes nil because nobody has any bitcoins to spend, and the share price drops while the exchange rate between USD and bitcoin goes MENTAL.

In other words, while the total valuation of bitcoin companies might be more than the total value of bitcoins, equilibrium will persist and a situation cannot occur in which this will become a problem. If company profits are recycled into the bitcoin economy, the phenomenon of companies total valuation being higher than the total volume of bitcoins is exacerbated (in a very positive way).

The brilliant side note to this phenomenon is that huge bitcoin profits and valuable bitcoin stocks are great for the fiat price per BTC.

http://vincesamios.com/bitcoins/valuations-of-stocks-in-bitcoin-brain-melt


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on February 22, 2013, 08:18:42 PM
With the Bitcoin above 30 USD, GMP is able today to trade-in 5 Lancelot boards and has the funds for 20 additional modules.
This equals a hashing power of av. 770 gh/s


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: romerun on February 23, 2013, 01:09:15 AM
Will they start shipping our trade-in by March 1st ? Are you planing to order 20 more avalons ?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on February 23, 2013, 12:36:19 PM
Will they start shipping our trade-in by March 1st ? Are you planing to order 20 more avalons ?
We didnt get any final shipping date confirmation yet. But it is expectected that the hardware shipps around March 1.

The funds by now are enough to order 20 more modules.

When they finaly ship and we gonna have funds for more, of course we gonna order more. :)


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on February 26, 2013, 05:47:57 PM
GMP mining chart February 2013

http://imagebin.org/index.php?mode=image&id=248207


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 04, 2013, 01:56:43 AM
New pic from AVALON
5 of these gonna work for us :)
https://i.imgur.com/KzY4tPF.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 10, 2013, 10:52:21 PM
Just a awesome perspective for Bitcoin Investment:

http://www.youtube.com/watch?feature=player_embedded&v=_t39jCXXIrY#!


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 12, 2013, 04:01:56 AM
Do to the p2pool brake caused by the V0.8 minig was switched to btcguild

http://glari.ch Stratum mine in work.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 18, 2013, 09:34:34 PM
http://www.youtube.com/watch?feature=player_embedded&v=NG1qooBzE2w


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 20, 2013, 03:55:03 PM
Situation Report:

Avalon: we still hold the trade-in position with 5 avalon devices. Actualy we will try to get 5 full equiped avalon devices with 4 modules when possible more. Since AVALON pre-trade batch2 devices are sold for 15k 20k usd on ebay
http://www.ebay.com/itm/181105056846
https://i.imgur.com/wtkOpCW.png


and batch3 will be sold between 80 and 115 BTC
https://bitcointalk.org/index.php?topic=155345.msg1647013#msg1647013


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 21, 2013, 12:25:08 PM
SHAREHOLDER PROTECTION PHASE INITIATED


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: usagi on March 21, 2013, 12:51:32 PM
SHAREHOLDER PROTECTION PHASE INITIATED

いいなあ~

Translation: Wow, Nice!


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: BitcoinObmen on March 21, 2013, 01:14:46 PM
SHAREHOLDER PROTECTION PHASE INITIATED
What does it mean?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 21, 2013, 02:04:38 PM
SHAREHOLDER PROTECTION PHASE INITIATED
What does it mean?
It means that shares are no longer issued below 1BTC per share.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: BitcoinObmen on March 21, 2013, 02:18:48 PM
YAY  ::)  I  BTC LIKE  8)  IT


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Blank on March 21, 2013, 02:39:51 PM
lol you managed to time that just right...send coins to cryptostocks wait around till 4 confirms...can't be bothered to wait around so go have a shower...come back...TOO LATE missed it by about 10 mins :(

*grumble*   *grumble*



Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on March 27, 2013, 11:26:50 AM
Status Update: Trade-in Position
By now GMP is expecting the announced trade-in procedure email from BitSyncom.
Avalon batch1 shipping is allmost done (According to Bitsyncom shipping of batch2 should start April 15), means next in line are the trade-in's to be shipped. As soon GMP can confirm that the hardware is ordered/shipped, it will be announced on Crpytostocks News and in this thread.
This waiting game is anoying, thats why GMP is thankfull for your patience, loyality and understanding.

Edit:
We allready started the Avalon Watercooling Element design. For more Info please sign up for the newsletter on https://devda.ch. (Watercooling does prolong lifetime of the hardware, and will probably be a part of the solution for the Avalon restarting problem)


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: im3w1l on April 15, 2013, 08:38:20 PM
Did they arrive yet?

EDIT: Also, what will the expected weekly dividend be?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on April 21, 2013, 12:53:55 PM
FYI: http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&item=321106241910
This is not one of our devices, its just to give you a feeling where we stand.

Update:
Hardware for trade-in shipped right after the AVALON Mailing early week 16. Arrival is expected for week 17.

Crowdmining is now extended by MGMP.
https://bitcointalk.org/index.php?topic=176373.msg1836791


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on April 28, 2013, 10:38:07 PM
Package not confirmed as arrived yet.

Meanwhile this from https://en.bitcoin.it/wiki/Avalon:

Quote
About water cooling: yes, do it.

The expected generation output, at 65000.0 Mhps, given difficulty of 8974296.01489, is 3.64250560866 BTC per day and 0.151771067027 BTC per hour.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on May 13, 2013, 08:33:13 PM
http://glari.ch/

Update 13.05.2013

  • mine update completed
  • additional 20+MW/Year secured
  • optional access to a industrial grade power source in negotiation


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on May 24, 2013, 11:27:45 PM
AvalonQcool element single:

https://i.imgur.com/RBieqMi.jpg

In a later point of time when Avalon delivers on a regular basis and the GMP equipment is transfered to watercooling, we gonna be able to distribute Avalon Qcool Singles among the comunity.
http://glari.ch/node/11


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: mrlupin on June 08, 2013, 05:02:40 PM
Hi, is the Avalon already mining?


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: thy on June 09, 2013, 01:42:59 PM
GMP has not got there AVALON's yet.


Title: Re: [CRYPTOSTOCKS] (GMP) AVALON crowdmining
Post by: Icoin on June 10, 2013, 08:39:38 AM
From the AVALON TEAM email newsletter:

Not quiet ready yet, but since we did promise an update over the weekend, here's a sneak peak of the exciting two weeks that will follow.

For those who did not see Yifu Guo's panel at the conference can check it out below
http://youtube.com/watch?v=LY1xgGiejIc | http://youtube.com/watch?v=UtVx26LlNXA
http://www.youtube.com/watch?v=nD237oF7cCo

Let's get started.
 
First, there will be no power supply cable included in the box, you will have to acquire you own, it is an standard ATX power cable, get the socket for your country, we did this to save time allowing all the packaging of the Avalons to be uniform.


To summarize and recap the talk at the conference:
 
Scaling from few hundred units that we had a few month to prepare for into a few thousand units in less than a month have proven difficult, we must admit that we have bite off more than we can chew and suffering from "third-party dates", which are ever-changing. We are playing catch up and expect to soon see the light at the end of this tunnel.


Facts:

New SMT line is now fully operational as of this weekend.
New shipping channel secured and tested.
Sample chips has began shipping.
Majority of all the parts have arrived and ready,
which also means we finally will have time to go over tickets, and send out those trade-in payment emails.


What you can expect in the next newsletter should consist of the following:

photo tour of the new Avalon factory,
the operating crew, which have doubled in size, assembling.
piles and piles of packaged Avalons ready to ship.

Sit tight, it won't be long now.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on June 18, 2013, 07:27:21 PM
1000+ GH/s ordered (3 x Jupiter):

Quote
This device is being designed in parallel by the ORSoC engineers and will offer industry leading performance and power consumption per GH.

The final specifications for this device are being ironed out now but we can confirm the following.

    
  • Minimum 350GH/s per device.
  • 28nm standard cell ASIC Chips (which are being designed exclusively for KnCMiner by ORSoC).
  • An additional gain of 30% more hashing when the advanced algorithms provided by ORSoC are applied.
  • Water cooled setup.
  • Modular Design allowing for expansion at a later date.
  • Embeded Linux device to allow for standalone mining.
  • Shipment begins in September
   This device will require an ATX power supply


https://www.kncminer.com/products/jupiter


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on June 26, 2013, 03:50:00 PM
hmm, no dividend on the MGMP stock the 25 juni, why ?

in GMP dividdend was payed the 25 june but nothing in MGMP yet

        Date                Total dividend      Number of shares    Dividend per share
GMP  25 Jun 13:28    0.55997050        3,490                      0.00016045 BTC
MGMP 25 Jun ??       0.00000000      62,606                      0.00000000 BTC


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on June 28, 2013, 01:50:41 AM
Dividend has now been paid in MGMP to.

Date                Total dividend      Number of shares    Dividend per share
26 Jun 13:50    0.02064348        62,556                    0.00000033 BTC


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on June 28, 2013, 08:34:03 PM
Avalon wrote in there last newsletter on 26.6.2013:

Quote
Batch two shipping is proceeding as planned and at the time there are no additional delays of any kind.
We do however need to bring the site down within the next few hours to upgrade for trade-in orders. So if you are running into problems ordering chips and/or viewing orders please do not panic, we expect this update to finish by later tonight ( EST time. )

Till today we have no contact from Avalon, there Shop is still not working for trade-ins, no contact from support.
Avalon seems not to be interested in a delivery in time or cooperation, thats why we had to reconsider the hardware investment:

The units come with a 12 months warranty

The next KNC Jupiter Device was preordered today. Since KNC announced a hashspeed of 100 GH/s per chip we now can expect a total of 1.6 TH/s. (4 x KNC Jupiter equals 24.5 x Avalon) working for GMP.


The next 2 KNC Jupiter Devices preordered. Since KNC announced a hashspeed of 100 GH/s per chip we now can expect a total of 2 TH/s. (5 x KNC Jupiter equals 30.7 x Avalon) working for GMP.
http://glari.ch/node/17


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: iCEBREAKER on July 12, 2013, 04:13:14 PM
Incoming reports of upgrade availability!

Success at last?

mmm, that's odd guys, I'm pretty sure rudrigorc and allinvain should have gotten emails, I remember sending about 50% of them before having to run off to another meeting earlier today.

care to check store / emails?

also yes, trade-ins are batch #2 prices, so $1600 at current exchange rate. I think the number used was 17.2-17.4ish



Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on July 14, 2013, 12:15:16 AM
Incoming reports of upgrade availability!

Success at last?

mmm, that's odd guys, I'm pretty sure rudrigorc and allinvain should have gotten emails, I remember sending about 50% of them before having to run off to another meeting earlier today.

care to check store / emails?

also yes, trade-ins are batch #2 prices, so $1600 at current exchange rate. I think the number used was 17.2-17.4ish



Unfortunatly till today no change for GMP regarding Avalon:
I don't know if I should laugh or cry, but one thing is certain; I have never seen anything like it before.

Of course i will announce it here, when there is an order possible.

https://bitcointalk.org/index.php?topic=140974.msg2725145#msg2725145


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on July 19, 2013, 01:21:49 AM
Update:

Till today we still have no contact from Avalon, thats why i was requested to create a scam accusation thread:
https://bitcointalk.org/index.php?topic=258829.0

This trows us a bit back but not for much:

KNCminer promised delivery for September/October 2013. As soon we have more data they will be published here.

We contacted Zalman for getting a passive watercooling sytem. The GMP Jupiter Devices from KNCminer will be equiped with the Reserator1.

http://old.computerra.ru/upload/terralab/coolers/water%20cooling%20systems/Reserator%201%20V2_2.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on August 01, 2013, 11:32:12 PM
No dividend has been paid on the MGMP stock the 31 July, why ?

In GMP dividdend was payed the 31 July but nothing in MGMP yet.

        Date                Total dividend      Number of shares    Dividend per share
GMP   31 Jul 04:56    0.46069504           3,488                    0.00013208 BTC
MGMP 1 Aug ??         0.00000000         65,087                    0.00000000 BTC


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on August 06, 2013, 04:34:49 PM
No dividend has been paid on the MGMP stock the 31 July, why ?

In GMP dividdend was payed the 31 July but nothing in MGMP yet.

        Date                Total dividend      Number of shares    Dividend per share
GMP   31 Jul 04:56    0.46069504           3,488                    0.00013208 BTC
MGMP 1 Aug ??         0.00000000         65,087                    0.00000000 BTC

The MGMP dividend fee charged by cryptostocks at this level is to high. Thats why MGMP dividends are cummulated and distributed at once in this period.

About MGMP please post here: https://bitcointalk.org/index.php?topic=176373.msg183679


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on August 28, 2013, 02:21:37 PM
We switch to monthly dividend mode, till the new hardware arrives, since we made 0.13BTC in the last week and had to pay 0.015BTC as transaction fee, the dividend fee from cryptostocks is not yet part of these numbers.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Carnth on October 18, 2013, 05:50:28 PM
We switch to monthly dividend mode, till the new hardware arrives,

Has the new hardware arrived? Is it up and running?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on October 18, 2013, 09:10:30 PM
We switch to monthly dividend mode, till the new hardware arrives,

Has the new hardware arrived? Is it up and running?

New Hardware arrived.

5 Jupiter online

We promised early this year 750 GH/s

We deliver today 2 TH/s

https://www.youtube.com/watch?v=8StgZoxXyWA


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on October 28, 2013, 08:46:47 PM
Date                  Total dividend   Number of shares   Dividend per share
23 Oct 08:48   9.74997702           3,621                        0.00269262   BTC
04 Oct 17:46   11.99997591          3,471                           0.00345721   BTC
These additional 150 shares, where they appeares from?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on October 30, 2013, 12:39:37 PM
Date                  Total dividend   Number of shares   Dividend per share
23 Oct 08:48   9.74997702           3,621                        0.00269262   BTC
04 Oct 17:46   11.99997591          3,471                           0.00345721   BTC
These additional 150 shares, where they appeares from?


Do to the actual low GMP share price, the shareholder-majority agreed on a exchange of 150 Shares with a value of 0.3 BTC in a personal voting:
Granting in return for 4 x 1000W Corsair and 1 x 850 Club 3D PSU and various hardware supplements and real life support for the project 150 GMP shares.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on November 01, 2013, 08:01:33 PM
Date                  Total dividend   Number of shares   Dividend per share
23 Oct 08:48   9.74997702           3,621                        0.00269262   BTC
04 Oct 17:46   11.99997591          3,471                           0.00345721   BTC
These additional 150 shares, where they appeares from?


Do to the actual low GMP share price, the shareholder-majority agreed on a exchange of 150 Shares with a value of 0.3 BTC in a personal voting:
Granting in return for 4 x 1000W Corsair and 1 x 850 Club 3D PSU and various hardware supplements and real life support for the project 150 GMP shares.

:-\
 shareholder-majority? personal voting?? when, where??
45btc*200$=9k$ for 1k$ hardware???

 ???


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on November 04, 2013, 04:13:52 PM
Date                  Total dividend   Number of shares   Dividend per share
23 Oct 08:48   9.74997702           3,621                        0.00269262   BTC
04 Oct 17:46   11.99997591          3,471                           0.00345721   BTC
These additional 150 shares, where they appeares from?


Do to the actual low GMP share price, the shareholder-majority agreed on a exchange of 150 Shares with a value of 0.3 BTC in a personal voting:
Granting in return for 4 x 1000W Corsair and 1 x 850 Club 3D PSU and various hardware supplements and real life support for the project 150 GMP shares.

No answer.
So, I conclude that you just sold additional 150 shares.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on November 06, 2013, 08:08:16 AM
Date                  Total dividend   Number of shares   Dividend per share
23 Oct 08:48   9.74997702           3,621                        0.00269262   BTC
04 Oct 17:46   11.99997591          3,471                           0.00345721   BTC
These additional 150 shares, where they appeares from?


Do to the actual low GMP share price, the shareholder-majority agreed on a exchange of 150 Shares with a value of 0.3 BTC in a personal voting:
Granting in return for 4 x 1000W Corsair and 1 x 850 Club 3D PSU and various hardware supplements and real life support for the project 150 GMP shares.

No answer.
So, I conclude that you just sold additional 150 shares.

No they was sold allready in march 2013, in fact GMP did buy back shares since then from various shareholders.

26 Mar 2013 17:20    1.21999020    3,615    0.00033748    BTC
https://cryptostocks.com/securities/9#dividends
Stop spreading FUD. When you dont like the project simply do not invest.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on November 06, 2013, 08:49:06 AM
Forbes Article about GMP:
http://www.forbes.com/sites/jasperhamill/2013/11/05/this-swiss-cryptocurrency-trader-will-store-your-bitcoin-in-a-nuclear-bunker/


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on November 24, 2013, 11:43:22 AM

4 TH/s from BTCMINE.CH preordered

2 BTCMINE.CH RIG's a total of 4 TH/s preordered.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on January 06, 2014, 06:33:51 PM
additional 4 TH/s (2 CoinCraft Rig's) will be in 2. week march added to the project.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on March 25, 2014, 11:14:19 AM
additional 4 TH/s (2 CoinCraft Rig's) will be in 2. week march added to the project.


 
4 TH/s from BTCMINE.CH preordered

2 BTCMINE.CH RIG's a total of 4 TH/s preordered.

Any news about new rigs?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on March 29, 2014, 06:50:49 AM
Icoin, why don't You answer?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Surf Capital Management on April 01, 2014, 02:31:36 AM
with 3,621 GMP oustanding and another 70 worth of (MGMP)

total oustanding: 3,691 GMP

current hash rate: 2.46 th/s

gh/s share = 0.66

Does that sound right? Are 100% of mined coins paid as dividends or are some retained to reinvest?

Is there a more complete contract? What else is done beside BTC mining?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on April 01, 2014, 09:06:55 AM
with 3,621 GMP oustanding and another 70 worth of (MGMP)

total oustanding: 3,691 GMP

current hash rate: 2.46 th/s

gh/s share = 0.66

Does that sound right? Are 100% of mined coins paid as dividends or are some retained to reinvest?

Is there a more complete contract? What else is done beside BTC mining?
I think it's 65% ("..65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends..") of mining incomes now thats payed out and the rest goes to reinvestment in new hardware on the GMP stock, it has changed a bit over time but they had a high reinvestment % before to, there may be more info in some of there announcements or on there site http://glari.ch about it.

They have 5 KnC Jupiter machines so at least 2 TH there, then 4 TH from BTCMINE.CH and anouther 4TH from 2 CoinCraft Rig's so it should be 10+ TH at least, how much BTC they at the moment have accumulated for hardware reinvestment i don't know but maby you can estimate that by checking how much they generated after there last miner orders.


Title: Re: [CRYPTOSTOCKS] (GMP) Glari Mining Project - P2Pool <1. Dividends Round live>
Post by: hashme on April 03, 2014, 02:48:22 PM
Apart from KnC rigs
there was
6 FPGA Boards online

https://blockchain.info/address/1LdwedmvYjyPT7qmRFpRThtd4bEKUdMexD


and some videocard-based rigs as well.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on April 19, 2014, 09:11:17 AM
Has the new hardware arrived? Is it up and running?

New Hardware arrived.

5 Jupiter online

We promised early this year 750 GH/s

We deliver today 2 TH/s


You promised 10+ TH  from  the 2nd week of march (6 weeks ago).
What is the current hash rate?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on April 19, 2014, 01:04:58 PM
Has the new hardware arrived? Is it up and running?

New Hardware arrived.

5 Jupiter online

We promised early this year 750 GH/s

We deliver today 2 TH/s


You promised 10+ TH  from  the 2nd week of march (6 weeks ago).
What is the current hash rate?
The dividend they have been paying out the last couple of weeks seems to indicate that there still at the ~2.5TH mark so they probably only mine with the 5 Jupiters from KnC and possibly some small miners they had before those 5 and still havent got there machines from btcmine.ch or coincraft yet. I think they used to show there current hashrate at there website before, maby its still there.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on April 21, 2014, 10:26:21 AM
Thank you, thy!
As a GMP shareholder I saw their dividends and yes, there is a graph on glari.ch, presumably, showing their old mining hash rate.
I see GMP shares price tumble as well. Icoin offered to sell GMP shares, but there is a lack of the demand on these multiple-times inflated shares, and there's no a buy-back.  
All these things make me a kind of unhappy investor.
And  I'd like to find an answer on such questions:
  • Why do Icoin don't respond himself here or anywhere else? (Icoin's profile shows: he's visiting the forum from time to time)
  • What is the mining wallet's address now (In the beginning phase of the GMP it was published)?
  • Where are new rigs?
  • Which are the reasons for obscuring the information?
 




Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: thy on April 21, 2014, 03:49:12 PM
Thank you, thy!
As a GMP shareholder I saw their dividends and yes, there is a graph on glari.ch, presumably, showing their old mining hash rate.
I see GMP shares price tumble as well. Icoin offered to sell GMP shares, but there is a lack of the demand on these multiple-times inflated shares, and there's no a buy-back.  
All these things make me a kind of unhappy investor.
And  I'd like to find an answer on such questions:
  • Why do Icoin don't respond himself here or anywhere else? (Icoin's profile shows: he's visiting the forum from time to time)
  • What is the mining wallet's address now (In the beginning phase of the GMP it was published)?
  • Where are new rigs?
  • Which are the reasons for obscuring the information?
 
Your right the price that some of the companys like GMP & MGMP that has been around a while at cryptostocks is traded at is quite high compared to other stocks, last time i checked GMP was traded at a price in relation to there dividend as returning 0.06% weekly, MGMP at 0.03% and cryptsy at 0.09% witch could be compared to some newer stocks that is ofthen traded at prices that gives weekly returns of 1% or more.
Part of the reason may be a higher trust in theese companys that has been around longer and part of the reason that the stock is traded at such price may be because of the hardware there still waiting for and people may also weigh in some value for GMP beeing the official swiss distributer of KnCs products, maby they will get a few free KnC Saturn or Titans in the future if enought people in Swiss buy there KnC miners throu them if KnC still is offereing 1 free miner to the affilates for every 10 sold miners that go throu the affilate, but the stock may still be traded at an inflated price.

I dont know why there is no responses from Icon or less transparancy now compared to before. It would be good if they could start make more regular updates on the situations with the miners and other things of interest for shareholders.

The problem they seems to have with not getting there miners in time is probably due to the chips those miners is based on probably is the hashfasts chips that also the Icedrill project seems to have had big problems with for there mining projects, with long delays in delivery of the hardware and questionable performance from the chips when machines finally started to arrive.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on June 29, 2014, 09:05:05 PM
BITMINE CoinCraft Rigs arrived and are actualy installed. We have received 14 devices but some of them are damaged.

BITMINE was informed about this issue.

The mining adresses are still visible here: http://glari.ch:9332/static/graphs.html?Day


http://glari.ch/


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on July 17, 2014, 11:09:47 PM
We was able to fix, install and run 13 of 14 Bitmine devices. You can see them working here: http://83.77.250.125:9332/ or on http://glari.ch

More info will follow this weekend. Thanks for your patience :)


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on July 20, 2014, 08:16:45 PM

GMP Update 20.07.2014

http://glari.ch/node/47

   





Title: Re: [CRYPTOSTOCKS] (GMP) Letter to Bitmine
Post by: Icoin on July 21, 2014, 10:25:56 AM
Letter to Bitmine:

Dear Kerim

We have received just 14 Devices a total of 13 TH/s.
According to our contract you promised us 20% each 10 days that you dont deliver as penalty.

We ordered 4 devices with a promised hashrate of 12 TH/s. but you delivered with penalty just 13 TH/s

One Device arrived demaged, the other machines do realy loud noises. The reason could be that they was thrown arround douring the shipping.

Two modules out of that demaged unit are heavy demaged (elements hang down and one small cooler from the chip side of the pcb is fallen off and was laying in the machine, the mining modules are moving freely in the macine.

We realy expected you to deliver us "Hardware for serious miners" and furfill your contract as promised, but what we got is not appropriate.
I tried to talk with you guys (and i mean not just Kerim) and get you on the phone but you dont call back for a serious discussion.

This situation is not tolerable, and is douring now allready for to long. I am realy into supporting the Bitcoin development in Switzerland and thats why we trusted into Bitmine, but this situation makes it hard to propagate your Services.

In our view you still need to deliver at least 14 TH/s for GMP
In case of Delivery we would not have to prosecute any legal actions against Bitmine.

Best Regards

Richard Porubcan


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on August 11, 2014, 08:42:59 PM
Dear Shareholders please vote!


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on August 15, 2014, 11:35:34 AM
Dear Shareholders please vote!
as I see @ Cryptostocks
Quote
Would you like to have the total 50000 GMP Shares covered by 50000 Shares trough a legally bound stock Corporation registered in Liechtenstein?
I think we need more details, e.g. - what do you mean by "covered by 50000 Shares", how will it affect the dividends, who will became the owner of these "50000 Shares trough a legally bound stock Corporation registered in Liechtenstein"?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on August 22, 2014, 09:08:58 AM
Dear Shareholders please vote!
as I see @ Cryptostocks
Quote
Would you like to have the total 50000 GMP Shares covered by 50000 Shares trough a legally bound stock Corporation registered in Liechtenstein?
I think we need more details, e.g. - what do you mean by "covered by 50000 Shares", how will it affect the dividends, who will became the owner of these "50000 Shares trough a legally bound stock Corporation registered in Liechtenstein"?

This was the voting for: Would we like to start negotiating with a legaly bound stock Corporation, about an Agreement.
This Agreement has not the intention to give away owner rights, but to open us a more simple access to the mining hardware market (EFTA/EWR problematic) and the ability to pay our bills for infrastructure and electricity in CHF.
GMP grew meanwhile to a project that draws around 16'000 W/h.

More details will follow as soon GMP will receive a written offer from the stock Corporation. The written offer will be published and voted on again.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on August 22, 2014, 06:38:23 PM
Quote
to open us a more simple access to the mining hardware market (EFTA/EWR problematic) and the ability to pay our bills for infrastructure and electricity in CHF

Seems to be a reasonable step. Are there any drawbacks?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on August 29, 2014, 04:26:54 PM
No dividend this week


From Cryptostocks:
Quote

Energy cost are higher then 100% of the mined BTC - no dividend this week
Dear shareholders, the amount of mined bitcoins did not reach the energy cost this week. Do to the low exchange rate all Dividend has to be used for energy costs. Thanks for your understanding.

GLARI Mining Project (Ticker id GMP) is a Bitcoin mining and developing company utilizing FPGA/ASIC.
65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends.
Dividends are paid weekly.

This Project has 3 major targets:
1. Support of P2Pool avarage Hasrashrateholder to one
2. Developing of long therm Support for FPGA/ASIC Mining Operations
3. Stabilizing alt chains Mining Performance


Mining Equipment:                    5 KNC Jupiter
                                           13 Bitmine CoinCraft

Operation Location: Switzerland

Shareholders, are you happy by that decision of the operator?
 Icoin, don't you think, it's time to review some of the "project targets" and join Glari hashpower to a profitable pool?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on September 04, 2014, 04:51:30 PM
No dividend this week


From Cryptostocks:
Quote

Energy cost are higher then 100% of the mined BTC - no dividend this week
Dear shareholders, the amount of mined bitcoins did not reach the energy cost this week. Do to the low exchange rate all Dividend has to be used for energy costs. Thanks for your understanding.

GLARI Mining Project (Ticker id GMP) is a Bitcoin mining and developing company utilizing FPGA/ASIC.
65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends.
Dividends are paid weekly.

This Project has 3 major targets:
1. Support of P2Pool avarage Hasrashrateholder to one
2. Developing of long therm Support for FPGA/ASIC Mining Operations
3. Stabilizing alt chains Mining Performance


Mining Equipment:                    5 KNC Jupiter
                                           13 Bitmine CoinCraft

Operation Location: Switzerland

Shareholders, are you happy by that decision of the operator?
 Icoin, don't you think, it's time to review some of the "project targets" and join Glari hashpower to a profitable pool?


Same for this week dividend.
As long the dividend does not reach the energy costs do to the low exchange rate we have to target primarily on the energy cost the other option is to shut the mine down. This shutdown would allso mean 12.5 TH/s less for p2pool.

Thanks for your understanding


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on October 05, 2014, 01:38:29 PM
Hi all

Bitmine Equipment: Online
KNC  Equipment: Online

Bill Bitmine Fuse System: Payed
Bill Bitmine HV connection: Payed

Electricity Bill KNC MINER: payed tll September 2014
Electricity Bill Bitmine : payed till August 2014





Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on November 24, 2014, 06:25:50 PM
Hi everyone

I would like to inform you about the GMP situation:

We are still mining but meanwhile half of the delivered Hardware from Bitmine is offline, the hardware is simply far from there promise: "For serious Bitcoin Miner". They dissapointed us on the whole line. They never delivered what was initialy promised and allso mined on eligius pool with our hardware instead of delivering on the promised date. Sure they deliverd more hashpower instead but the hardware is highly instabe and did allmost cause a fire, but that didnt happen since we secured the hardware for this case.
We gave now this whole case to our lawyers who will care for this.

The other point is that the maintainer of Cryptostocks Kumala isnt reachable anymore, we are not able to reach him and he isnt contacting us back. This situation casues us to look for an alternative security exchange.

After all this bad expirience:

Yifu Guio from Avalon who took our hardware in 2012 and never furfilled hes promise to deliver Avalon Devices early
and now Bitmine who delivered a half year later not the promised hardware but a lot of crap hardware with much higher power consumtion.

We can only praise KNC Miner who delivered TOP HARDWARE that is running flawless even today a year after the original Saturn miner arrived.

We are in the situation that the energy consumption and infrastructure costs are consuming the entire dividend, we struggel ourselfs to provide the hashpower to p2pool, besides that we allso provide merged mining power to DVC, NMC and IXC megerd but no blocks were found by now on that chains.

But we dont wanna give up.

Actualy we look for an alternative security exchange, the best thing would be a decentralized solution if you have any ideas let us know.

As soon we solve the securities problem, we gonna start a new financing round cause we have a build and secure infrastructure that is able to provide 50+ Amps, and we plan to replace the Bitmine devices with KNC SOLAR devices since we can proove that KNC is producing the Hardware for serious Miners:
https://www.kncminer.com/news/news-118

Thank you for your trust in us

Stay tuned for more.


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on November 30, 2014, 12:10:07 AM
Quote
Actualy we look for an alternative security exchange
GMP & MGMP shareholders hopes that you won't forget to convert current GMP & MGMP shares.



Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: romerun on November 30, 2014, 03:59:10 PM
should look into Counterparty, liquidity is growing. Dividend can be paid in BTC as well as XCP(native currency) / XBTC(btc backed meta currency).


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on December 23, 2014, 09:09:30 PM
Dear Shareholders

This the final update for this year.

The situatuation is still stable in a way that we are able to provide our hashrate to p2pool

The mining profit does not realy cover all cost and have meanwhile consumed all our reserves, but we keep mining.

We will most probably continue with Counterparty next year since it holds a promise for decentralization.

Of course all existing shareholders will be ported to the new shares system thats why it would be great if all of you would disclose your adresses on CS

We realy thank you all for your endurance with this project, we hope to grow finaly next year to something we allready could be without all this trouble in our view mostly caused trough greed.

We wish you all a merry christmas and a happy new year


Icoin


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: prophetx on December 24, 2014, 06:41:45 AM
Verification:        Premium
Ticker:                GMP (https://cryptostocks.com/securities/9)
Name:                GLARI Mining Project
Listed on:           June 30, 2012 15:21
Owner:               richard.porubcan at gmail.com
Shares issued:    50,000
Shares held publicly:   3,621
Total dividends paid:    284.39 BTC
                            

Web page:   glari.ch (http://glari.ch)


GLARI Mining Project (Ticker id GMP) is a Bitcoin mining and developing company utilizing FPGA/ASIC.
65% of all BTC mining revenue are distributed among GMP shareholders in form of dividends.
Dividends are paid weekly.

This Project has 3 major targets:
1. Support of P2Pool avarage Hasrashrateholder to one
2. Developing of long therm Support for FPGA/ASIC Mining Operations
3. Stabilizing alt chains Mining Performance


Das Glari Mining Projekt (Ticker id GMP) ist eine Bitcoin Mining und Entwicklungs Firma welche FPGA/ASIC einsetzt.
65% des gesammten BTC Mining Gewinns wird unter GMP Anteilshaltern in Form von Dividenden wöchentlich augeschüttet.

GMP verfolgt 3 Hauptziele:
1. Stützung der Hashrate von P2Pool
2. Langzeit Support von FPGA/ASIC Mining Operationen
3. Stabilisierung der Performance von alternativen Blockketten

Mining Equipment:                    5 KNC Jupiter
                                           13 Bitmine CoinCraft


      
Operation Location: Switzerland

can i buy this using counterparty? will you be using it to pay dividends?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on January 08, 2015, 10:38:49 AM
All mining activity stoped. We cant afford to mine on, since we have to pay electricity and the mining devices dnt earn the used electricity anymore.

All Devices are now up to sale.
I have no update regarding the legal issue with bitmine, but to all members from other countries: Bitmine has the DUNS Number: 487001427 and can be legaly prosecuted in the United States.
They cased serious demage to our project.

Result from the http://www.upik.de database:

Eingetragener Firmenname:   Bitmine AG
Nicht eingetragene Bezeichnung oder Unternehmensteil:   
D-U-N-S® Nummer:   487001427
Geschäftssitz:   Centro La Monda 2
Postleitzahl:   6528
Postalische Stadt:   Camorino
Land:   Switzerland
Länder-Code:   756
Postfachnummer:   
Postfach Stadt:   
Telefon Nummer:   912909099
Fax Nummer:   912909098
Name Hauptverantwortlicher:   Giorgio Massarotto
Tätigkeit (SIC):   7372

Bitmine didnt deliver on time (Delivery dates was Last Week January and third week March, in fact they delivered end of June 2014).
Bitmine didnt deliver what we originaly ordered.
Bitmine didnt furfill the customer protection plan.
Bitmine delivered patialy broken Hardware.
Bitmine mined with our Devices on eligius pool in the time they should deliver.

Bitmine mining address on eligius.st: 1BitmineL6VxA7tKJNkZxJPx3p1gwd6uDH (https://blockchain.info/address/1BitmineL6VxA7tKJNkZxJPx3p1gwd6uDH)
https://i.imgur.com/iUtJb3X.jpg


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Icoin on January 09, 2015, 01:58:52 AM
Dear Shareholders please disclose your emailaddress on cryptostocks till 31.1.2015. The shares gonna be ported to counterparty and you can only request them with your email address.

All shares that stay anonymous will be lost after 31.1.2015

Thank you


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: Surf Capital Management on February 21, 2015, 06:01:22 PM
Updates on the counterparty transition?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on February 22, 2015, 02:49:56 AM
Dear Shareholders please disclose your emailaddress on cryptostocks till 31.1.2015. The shares gonna be ported to counterparty and you can only request them with your email address.

All shares that stay anonymous will be lost after 31.1.2015

Thank you

Hello, my email was disclosed since 2014. How can I get my shares at counterparty?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on February 26, 2015, 11:12:18 PM
Updates on the counterparty transition?
Where to find Icoin now?


Title: Re: [CRYPTOSTOCKS] (GMP) crowdmining
Post by: hashme on February 26, 2015, 11:17:43 PM
There is a new announcement https://cryptostocks.com/announcements/3930, saying
Quote
BHB Investor information for GMP Shareholder
The minimal offer for one (1) BHB Share is 1000 Bitcoin on a offering basis.
Die minimale Angebotssumme bezüglich Anteilserwerb von einem (1) BHB Anteil ist 1000 Bitcoin auf Gebots-Basis.


1JLYfAbLK2P2XD6G6CegtZZgnYRM4j63XW
Bitte kontaktieren sie uns zwecks ihres Nachweises unter investor(at)bhb.li. Anteile werden an den Käufer ausgegeben wenn die Firma wieder über ihr Domizil verfügt.

GMP Anteile gelistet bei Cryptostocks.com werden 1 zu 1 zu BHB Anteilen umgetauscht

Regarding the proof of payment please contact us on investor (at) bhb.li. Shares will be assignt to shareholders as soon the Company has a new Domizil.

GMP Shares can be exchanged 1 to 1 against BHB Shares.

https://i.imgur.com/SieLFGf.png

What does it mean?? ???