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Title: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 01, 2012, 06:56:45 PM [PGM] Paladon Green Mining https://glbse.com/asset/view/PGM (https://glbse.com/asset/view/PGM)
Hardware 1 Butterfly Labs Single @ 0.82Gh/s (be upgraded to BFL Single ‘SC’ @ 40Gh/s) Share 1000 shares will be issued @ 0.25 BTC each. This price is including the ASIC upgrade. If upgrade will not be possible and I get refund of BFL, I will repay 0.07 BTC per share to stockholders. Each share = 0.82Mh/s right now. After upgrade each share = 40Mh/s upgrade has been ordered! (or 60Mh/s according latest BFL info) All of the Generated BTC will be payed as dividend every week -/- expenses Revenue All mining revenue will be distributed to shareholders in the form of dividends (after expenses). Dividends will be paid weekly. Profits are the net income remaining after expenses including operating costs (electricity, repair work, maintenance, small hardware), investments in existing or new service development, and any other action capital investment that the organization deems necessary to take part in. Electricity is de largest part of the operating costs. Electricity price is € 0,22 p/Kwh (I know this looks expensive for a lot of people but a very normal price in The Netherlands). Electricity is green electricity so guaranteed no pollution. (I am thinking of building my own solar panels in the near future). Currently the expenses% = ~25%. So ~75% of the generated BTC will be paid as dividend weekly. Miscellaneous Mining will occur at a mining pool of the company`s choice or solo mining if profitable. The operator of the company reserves the right regardless of the number of shares held to raise a motion and to liquidate the company's assets and cease operations. The operator also reserves the right to issue more shares to expand operation. Any motions raised by shareholders will be considered advisory and non binding. Shares do represent an ownership share in the mining hardware in the event of liquidation. In case of liquidation the mining hardware will be sold and minus expences be paid to the shareholders. The issuer can change the % of the expenses if needed to cover the expenses of the company. If the expenses of the company exceeds the income of the generated BTC, the company has to right to temporary shut down the operation. The issuer can buy back the share at any time at a price equal to 1.05 times the highest price the asset was traded on GLBSE over the prior 15 days. The operator of the company has the right to retain shares in the company. About Me I am living in The Netherlands and 36 years old and I will be doing my utmost best for you to keep this company up and running. Off course I wil identify bij GLBSE. More questions? Just ask! Best regards, Paladon Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 01, 2012, 06:57:41 PM FAQ
Q: When will the first dividend payment be made? A: All dividend payments happen on sunday. The first payment will be the first Sunday after launch. Q: Are you going to verify you glbse.com account? A: Yes. Q: Where can I see all coupon payments made to date? A: All coupon payments will be listed in this thread Q: Will you send a notice out to stockholders as we get closer to ASIC arriving? A: Yes. I will make inform stockholders about all info regarding the company. Q: Will you ever sell more shares? A: This is very real possibility, but for the initial release it is not likely. Q: What will happen if BFL cannot deliver the ASIC upgrade? A: If that happens and I get refund of BFL, I will repay 0.07 BTC per share to stockholders. Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 01, 2012, 06:58:08 PM reserved
Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 01, 2012, 06:58:40 PM reserved
Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: PsychoticBoy on August 01, 2012, 07:20:53 PM Very nice IPO proposal ;D
Looking forward to see it on the GLBSE chart. Good luck with your mining company, you got my full support. Greetz Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: EskimoBob on August 01, 2012, 07:40:47 PM Hello fellow bitcoiners, I like to gauge interest in my new mining company. I just bought 1 Butterfly Labs Single (delivery tomorrow or friday) and it will be upgraded as soon as IPO has been launched. There will be no extra costs for shareholders by the upgrade. Please respond your questions or critics. If enough bitcoiners like to invest I will open an IPO at GBSLE. [PGM] Paladon Green Mining Hardware 1 Butterfly Labs Single @ 0.82Gh/s (be upgraded to BFL Single ‘SC’ @ 40Gh/s) (photo will be posted this week) Share 1000 shares with be issued @ 0.25 BTC each. This price is including the ASIC upgrade. Each share = 0.82Mh/s right now. After upgrade each share = 40Mh/s All of the Generated BTC will be payed as dividend every week -/- expenses Revenue All mining revenue will be distributed to shareholders in the form of dividends (after expenses). Dividends will be paid weekly. Profits are the net income remaining after expenses including operating costs (electricity, repair work, maintenance, small hardware), investments in existing or new service development, and any other action capital investment that the organization deems necessary to take part in. Electricity is de largest part of the operating costs. Electricity price is € 0,22 p/Kwh (I know this looks expensive for a lot of people but a very normal price in The Netherlands). Electricity is green electricity so guaranteed no pollution. (I am thinking of building my own solar panels in the near future). Currently the expenses% = 25%. So 75% of the generated BTC will be paid as dividend weekly. At the moment the 0.82Gh/s can produce about 2.834751 BTC a week. Minus expenses I will pay 2,126063 BTC. This is 0,002126 BTC per share. Miscellaneous Mining will occur at a mining pool of the company`s choice or solo mining if profitable. The operator of the company reserves the right regardless of the number of shares held to raise a motion and to liquidate the company's assets and cease operations. Of course in case of liquidation assets will be sold and minus expences be paid to the shareholders. The operator also reserves the right to issue more shares to expand operation. Any motions raised by shareholders will be considered advisory and non binding. Shares do not represent an ownership share in the mining hardware and in the event of liquidation. The issuer can change the % of the expenses if needed to cover the expenses of the company. If the expenses of the company exceeds the income of the generated BTC, the company has to right to temporary shut down the operation. The issuer can buy back the share at any time at a price equal to 1.05 times the highest price the asset was traded on GLBSE over the prior 15 days. The operator of the company has the right to retain shares in the company. About Me I am living in The Netherlands and 36 years old and I will be doing my utmost best for you to keep this company up and running. Off course I wil identify bij GBSLE. More questions? Just ask! Best regards, Paladon Quote " Shares do not represent an ownership share in the mining hardware and in the event of liquidation." I guess those are not shares of equity (stock) per se but more like bonds, with 0.82Gh/s "coupon"? Lets say that in next 6 months, diff will go up only by 5% on average per month: Code: Month BTC USD Difficulty Please, do not take it personally. As you can see, income per If you like to issue a real bond (aka take a loan to finance your business) you can not dump all the risk on turd holders as you do now. Fix a part of the coupon (0.5%?) and add something from your mining power (0.3 Mh/s?). Then add maturity date and buy back price and you got yourself a deal. Sorry, but this sure looks like just another mining turd :( If you believe that BTC price is going up for the next 6 months, you are probably better off buying BTC. Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 01, 2012, 07:56:36 PM Quote " Shares do not represent an ownership share in the mining hardware and in the event of liquidation." I guess those are not shares of equity (stock) per se but more like bonds, with 0.82Gh/s "coupon"? Thanks for your question. Of course in case of liquidation assets will be sold and minus expences be paid to the shareholders. My info was not correct (sorry this is my first stock contract I make :) ) I will change the line to: ''Shares do represent an ownership share in the mining hardware in the event of liquidation. In case of liquidation the mining hardware will be sold and minus expences be paid to the shareholders.'' Furthermore I talked to Eskimobob and changed: If upgrade will not be possible and I get refund of BFL, I will repay 0.07 BTC per share to stockholders. Title: Re: [Gauging interest / GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: RandomQ on August 01, 2012, 08:48:50 PM Welcome to the Green Club!!!!
Soon we will have to offer a Green Index Fund lol ;D My Best advice is to be as open as possible with your Company, it helps in the long run Title: Re: [Gauging interest / GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 02, 2012, 08:05:34 AM Welcome to the Green Club!!!! Soon we will have to offer a Green Index Fund lol ;D My Best advice is to be as open as possible with your Company, it helps in the long run Thanks RandomQ! Good idea to get a Green Index Fund ;) I hope I can open the IPO within two days. Title: Re: [Gauging interest / GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: DutchBrat on August 02, 2012, 12:34:24 PM Sounds interesting !
Title: Re: [Gauging interest / GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 02, 2012, 07:30:07 PM IPO has been issued at GLBSE. Now it has to be checked by GLBSE. Launch date of the share will be (hopefully) 6th august.
Title: Re: [Soon on GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: paladon on August 05, 2012, 10:54:05 AM update:
BFL Single has arrived and is working good. Launch of the share is: PGM 2012-08-06 12:00:00 If you like to reserve your share before launch just PM me. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 07, 2012, 10:54:17 AM Update
11,5% of shares are sold right now. Thank you for your confidence. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 08, 2012, 08:32:56 PM Daily update:
34% of stock is sold. Mining is going steady... today was a lucky day :) Still some stock for sale with ASIC upgrade! Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: MoneyIsDebt on August 08, 2012, 08:44:29 PM Any pictures of the mining rig?
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 08, 2012, 09:00:27 PM Any pictures of the mining rig? Of course see the url in first post by hardware. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 09, 2012, 07:36:06 PM Daily update
Mining is going well, again a lucky day. All info about verification (copy passport etc) has been send to GLBSE. So hopefully they verify me tomorrow. Sunday will be the first dividend payout.. still some shares for sale. Title: Re: [Gauging interest / GBSLE] Paladon Green Mining [PGM] (including ASIC upgrade) Post by: Shadow383 on August 10, 2012, 01:16:44 AM Lets say that in next 6 months, diff will go up only by 5% on average per month: Code: Month BTC USD Difficulty That's 10% per month. Just saying... Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 12, 2012, 09:06:06 AM Today around (22pm CET) I will pay the first dividend, still some shares for sale.
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 12, 2012, 08:10:56 PM Weekly dividends paid!
Total paid 0.97161702 BTC Total shares 422. Payment per share 0.00230241 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 13, 2012, 05:14:42 PM Update:
Verification by GLBSE has been done. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 17, 2012, 02:31:34 PM Update:
Mining going steady. Still some shares left. Sunday next dividend payment. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 19, 2012, 08:50:29 PM Weekly dividends paid!
Total paid 0.8862422 BTC Total shares 422. Payment per share 0.0021001 BTC There are still some shares for sale. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on August 26, 2012, 12:17:54 PM Weekly dividends paid!
Total paid 0.8594091 BTC Total shares 423. Payment per share 0.0020317 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on September 02, 2012, 12:33:39 PM Weekly dividends paid!
Total paid 0.8297037 BTC Total shares 427. Payment per share 0.0019431 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on September 09, 2012, 09:35:21 AM Weekly dividends paid!
Total paid 0.7819651 BTC Total shares 427. Payment per share 0.0018313 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on September 16, 2012, 10:23:14 AM Weekly dividends paid!
Total paid 0.7214165 BTC Total shares 427 Payment per share 0.0016895 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on September 23, 2012, 02:59:05 PM Weekly dividends paid!
Total paid 0.7115955 BTC Total shares 427 Payment per share 0.0016665 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on September 30, 2012, 04:39:10 PM Weekly dividends paid!
Total paid 0.6692371 BTC Total shares 427 Payment per share 0.0015673 BTC Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 03, 2012, 12:58:40 PM Paladon it looks like you should do a litte update :)
Are you going to set up these solar panels? Have you decided on the new expenses %? BFL says they will deliver 60, not 40 GH/s, so you should adjust your % at least accordingly. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on October 03, 2012, 01:44:14 PM Paladon it looks like you should do a litte update :) Are you going to set up these solar panels? Have you decided on the new expenses %? BFL says they will deliver 60, not 40 GH/s, so you should adjust your % at least accordingly. True thanks for asking :) At the moment I will keep the expenses % at 25%. Because of the change of the difficulty (and decrease of the bitcoin output) this % will need to increase in the future. But at the moment I will not do that and pay ~75% of the output. I have looked into the solar panels and at the moment it has a payback time of about 8-10 years. This is not very bad, but the investment decision is not made yet. True BFL now says that the upgrade is 60Ghz. Of course if the upgrade is producing this output the expenses% will change and I will make a new calculation of the expenses %. It that time I will need the definitive power specifications of the Single 'SC'. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 03, 2012, 02:13:44 PM Well we will see about the 'decrease of the bitcoin output' when ASICs start showing up. Why are you so confident about it? I was under the impression that with ASICs even when reward halves everything will stay about the same (for these who upgrade).
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on October 03, 2012, 04:09:10 PM Well we will see about the 'decrease of the bitcoin output' when ASICs start showing up. Why are you so confident about it? I was under the impression that with ASICs even when reward halves everything will stay about the same (for these who upgrade). Yes true. I mean at the moment the bitcoin output is decreasing. Of course when the ASIC upgrade comes the output is increasing I hope. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 06, 2012, 08:29:14 AM What happens now? Are you offering buyback?
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on October 06, 2012, 02:03:50 PM What happens now? Are you offering buyback? Waiting for more information from Nefario. As soon as I know who has how many shares and I have a pay-out adress I can continue paying weekly dividend. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 06, 2012, 06:03:38 PM You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums...
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: DutchBrat on October 06, 2012, 10:25:12 PM You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums... Some of the assets the fund invested in may choose not to honor their contracts or they may choose not to get identified toNefario.... They will be wortjless,whereas other investments might not list on another exchange So how do you propose they do a buyback ? Going to take a lot of time to figure out what the next step will be.... Edit: sorry, late at night and posted in the wrong thread Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 06, 2012, 10:56:03 PM What fund are you talking about ??? Paladon Green Mining is a mining company, not a fund. We, as shareholders, are coowners of Paladon's ASIC. We have to have a way to withdraw as we won't be able to TRADE our shares, which is VITAL to any investment made on stock market.
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: RandomQ on October 06, 2012, 11:03:27 PM You want to continue operating directly, without GLBSE? Are you aware that this makes all of your shareholders basically stuck with this investment indefinitely? How do you see it, how it's gonna be? Our money invested with you will be stuck, while the shares will continue to drop value with time, and you at the same time will continue to profit. Please reconsider your plans as the way you want to do it would be practically robbing us, there is a huge difference between buying and managing a share on stock market and doing it directly, on the forums... Some of the assets the fund invested in may choose not to honor their contracts or they may choose not to get identified toNefario.... They will be wortjless,whereas other investments might not list on another exchange So how do you propose they do a buyback ? Going to take a lot of time to figure out what the next step will be.... Are you saying that you had PGM's BTC invested in assets on GLBSE? Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on October 07, 2012, 09:12:33 AM No PGM didn't invested in assets in GLBSE, PGM's hardware is still live and generating BTC. I only had a small change of the latest dividend payment (<0.1btc) in GLBSE when it went offline. I guess DutchBrat is talking about FDBF but that is a different operation.
@Jurek: Of course I will look in all possible means to let PGM go to a new trading system. But at the moment we have first to get more information of GLBSE and the way the shutdown goes. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: DutchBrat on October 07, 2012, 12:44:53 PM No PGM didn't invested in assets in GLBSE, PGM's hardware is still live and generating BTC. I only had a small change of the latest dividend payment (<0.1btc) in GLBSE when it went offline. I guess DutchBrat is talking about FDBF but that is a different operation. @Jurek: Of course I will look in all possible means to let PGM go to a new trading system. But at the moment we have first to get more information of GLBSE and the way the shutdown goes. Yes, sorry, was late at night and posted in the wrong thread/responded to somthing I tought was in a different threadh Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on October 10, 2012, 09:09:37 AM Any news? Did you get your shareholders informations from nefario? Did you try to contact him?
I am not going to submit him any informations, but it shouldn't be an issue as I use the same username both here and on GLBSE. Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on October 10, 2012, 11:50:25 AM Any news? Did you get your shareholders informations from nefario? Did you try to contact him? I am not going to submit him any informations, but it shouldn't be an issue as I use the same username both here and on GLBSE. No still no information and no respond of nefario :( Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: Jurek on November 03, 2012, 08:16:24 AM How many bitcoins have we mined?
Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: paladon on November 06, 2012, 06:20:07 PM Because I am becoming father (and I need the room where the BFL is standing as kidsroom) I have transferred PGM and the BFL Single (with upgrade) to PsychoticBoy. He will take over obligations to shareholders. The BFL will be shipped this week to him. PsychoticBoy will confirm in this topic our agreement.
I would like to thank you all for the nice time. But unfortunately I have to choose for more important issues right now. Regards, Paladon Title: Re: [GLBSE] Paladon Green Mining [PGM] (including ASIC upgrade) (no bond!) Post by: PsychoticBoy on November 06, 2012, 06:43:05 PM Because I am becoming father (and I need the room where the BFL is standing as kidsroom) I have transferred PGM and the BFL Single (with upgrade) to PsychoticBoy. He will take over obligations to shareholders. The BFL will be shipped this week to him. PsychoticBoy will confirm in this topic our agreement. I would like to thank you all for the nice time. But unfortunately I have to choose for more important issues right now. Regards, Paladon Confirmed. If you have any questions or concerns please PM me or reply in my thread: https://bitcointalk.org/index.php?topic=78638.0 Greetz |