Bitcoin Forum

BMMO: Current mining power per BTC: 2.80Mhash/BTC

MerdegMining: Current mining power per BTC: 2.25Mhash/BTC

TyGrr: Current mining power per BTC: 2.66Mhash/BTC

The two latest start-ups.

Bitcoin Syndicate: 2MHash/s per BTC invested or 0.5MHash/s per Share

RSM: 4.16MH/s per BTC invested or 1.32MH/s per share

I've try to present the basic facts but you should know I'm the CEO of RSM

Ahem...

JLP-BMD: 4.19 MH/s per BTC spent or 0.514 MH/s per share

Sorry dude  ???

RSM mines on ASIC/FPGA boards so electricity costs are minimal.

'Tis alright, just don't want people to forget me...it makes me feel lonesome...  :-\

I just copied it from another thread and you weren't listed that's the only reason I forgot.  I actually have a share in you  ;D only one but it pays  ;)  Just thought this would be good information for people to see instead of it being lost in another thread.

No problem, mind if I contribute here, I kind of feel like doing a bit of analysis today...

Yes please do the unless your just completely bigging yourself up or just devaluing others.  You can do that if you have good honest hard facts tho.  So please go ahead and add.  The more we enlighten potential GLBSE investors the better for all listed company's.

Transparent and honest is what I do...I'm actually curious as to how everyone stacks up...I got a bit of reading ahead of me...

how do you calculate for risks of one man show vs team effort?
you know, if a motherboard blows in a 1 rig show, it's party off.
if a mobo blows in a cluster, it's 90 % availability.
or in other words, how many team members can be hit by a bus for the company to continue to work?
if zero, we have a problem.

last week you advertised gpu mining, now you say something else.
keeping in mind that none of the sellers has them on stock or does batches of 10 cards
where do you fit here?

I will have two PC's available to run the three 'BFL Singles' and I'm training a friend to take complete control of the show from me.

I posted this yesterday in the newbies thread https://bitcointalk.org/index.php?topic=66290.msg769775#msg769775
I haven't looked at tygrr,

EDIT: latest changes:

Ticker |	Share Price |	Dividend paid |	Last dividend paid |	Next dividend due [eta] |	Comments
Weekly
FPGA.contract (https://bitcointalk.org/index.php?topic=49166.0;all)	0.39	0.00214317	[27/02/2012]	04/03/2012
JLP-BMD (https://bitcointalk.org/index.php?topic=46693.0;all)	0.1899	0.0011715	[27/02/2012]	04/03/2012	somewhat erratic but theoretically should be weekly.

marked

Yes many hands make light work but are they all working as volunteers just for the benefits of all the other shareholders.  Maybe that's why returns are so low from some company's compared to RSM.  I have a back-up PC should the new one with warranty fail and the most labour-intensive part of the project once all the ASIC/FPGA boards are set up will be the arrangement of paying the weekly dividend.  

glbse says there are 1900 shares of RSM
1900 shares * 1.32 MH/s you claim in OP

 = 2.5 GH/s

where are they?

This is the IPO for the purchase of three 'BFL singles' 832MH/s@80W each and a dedicated low power PC.  The IPO has so far raised enough for the purchase of the first 'BFL single'.  The first dividend should be paid within eight days of delivery of the first purchased unit which has been paid for.  If people think 4.16MH/s per BTC invested or 1.32MH/s per share at absolute minimal ASIC/FPGA electricity rates is too risky then that's fine with me as the first unit has been purchased and I will go on to purchase the rest of the shares which are to buy two more 'BFL singles' and a dedicated PC myself.  I just used the GLBSE as a crowd-funding opportunity to help make this happen faster and it's happening  ;D

I'm wondering what is the total hasing power of all the mining companies listed on GLBSE?

What percentage of the bitcoin network is the result of GLBSE mining companies?

Wouldn't that be a cool thing to say, "GLBSE- powering 15% of the bitcoin network"

And you guys could say, MyCo- powering the bitcoin network.

Yes that would be good.  I'm (RSM) thinking of using P2Pool for the benefit of the Bitcoin network and also maybe switching to 100% green produced renewable electricity.

so they are in future.
in the same comparison you list next to each other existing capacity for item A and planned capacity for item B (read non existing)
not telling you're outright lying but it's safe to assume that you're not telling the truth or / and don't provide objective data. case closed.

Look new investors can either accept: Bitcoin Syndicate: 2MHash/s per BTC invested or 0.5MHash/s per Share or take RSM: 4.16MH/s per BTC invested or 1.32MH/s per share.  RSM first ASIC/FPGA board has been paid for and ordered as I get more investment I can buy unit two, then three and then finally the dedicated low power PC.  Even If I don't get one more investor I'm happy as I've had enough so far to purchase the first ASIC/FPGA board and then I'll buy the rest myself and be rich unless investors who are welcome due to speeding the project up beat me to it.  Stop being bitter for me exposing your poor deal.

interesting.

I pointed out publicly available info that RSM shows 1900 shares issued
and another publicly available info - your statement about per share attributes of this stock
and that those do not match / can't be truth in a universe where 1 + 1 = 2 and Wednesday comes before Thursday.
it's not about happiness. It's about the same data should be evaluated the same way.

how do you want to build trust if you can't tell truth about the operation?

let me show you a manipulative example:
since you've chosen the syndicate, let them market speak their capacity and compare to your initial statement

5.6 GH/s in 7 BFLS units purchased
6.0 GH/s in existing GPU mining
divided per 9100 shares (2900 IPO stock still out there)

1.27 MH/s per share or take BTCSYN over 5 MH/s per bitcoin
only a bit of stretching and the truth is gone.

I did the math last week, need to find the napkin.
it's a creepy simple table with distribution of mining power among established mining operations
nothing fancy just mining capacity available on glbse & price & stuff
it needs to be compared with the estimated network power to get to your number

and it will not fix the chicken/egg problem as the mining capacity was here before glbse
you helped them to raise capital and expand but we will never know how they would expand without your help.
nevertheless it should be valid to say glbse helps running X percent of the bitcoin network : )

Look basic's to this is I'm not begging for people money putting up forum adverts to invest in '2MHash/s per BTC invested or 0.5MHash/s per Share'!  If they take the time and look they can find 'RSM: 4.16MH/s per BTC invested or 1.32MH/s per share' at minimal ASIC/FPGA electricity prices and if they don't find me so what!  I've ordered the first ASIC/FPGA board 832MH/s@80W and will fund the rest myself over the coming months.  I was just trying to help potential GLBSE investors find the best deal.  If your going to start saying I'm untrust-worthy because I'm a one-man-band and that's why investors should take lower returns over your promises then the'll just have to make their own minds up?

let's focus on the machine readable part of the topic

1) RSM has failover / backup operators, great.
2) you speak for for RSM, you're not neutral. that's why I looked at your numbers
3) the numbers don't match. I repeated this over and over. crypto currency is first of all about the truth and proof within. If you get the impression I do not trust you. partially you're right. but not because you're one-man-band, this you have covered. but because the numbers do not match. in a certain configuration of meanings of the terms used it is not true what you proclaim about the stock.

Ok, stop bickering for a bit, I'm going to do a few hours if research and have a listing for all mining companies.

It will be totally unbiassed, and cover many facets of every company's operations. I'm probably going to start a new thread for it as well since this one kind of devolved slightly.

I'm also not going to go for an overall best and worst list, but rather which investment style fits which company best.

Yes I'm the CEO of of RSM and I'm are offering 2.5GH/s@450W with the possibility to move to 100% green renewable from changing from £35 electricity costs a month to maybe £42 a month max from ฿55.54 generated a month a today's difficulty rates from 2.5GH/s.  Who are you a just a simple neutral sharped eyed investor or a 'Bitcoin Syndicate' profiteer from the IPO?  Oh no don't tell me your just neutral investor?  Well furry-muff sorry I ment fair enough   ::)

looking forward how you're going to solve issues of mining capacity
a) existing
a2) existing but with expiry date
b) ordered but not operational even if paid for (spent bitcoins, hardware not installed yet)
c) capacity funded or potential but still imaginary and not even ordered (bitcoin reserves)

good luck. please post link here for unreadreplies to pick up the news

I'm sorry your right.  Maybe we should start a separate thread for BTCSYN v RSM warz  ???  Anyway BTCSYN spam and my answers is just hiding the facts!

I hold stocks in 6 mining companies including syndicate's. I have masters in Informatics, 10 years professional experience and a career in IT.

I remind you that it's you who's chosen the syndicate for a direct comparison and again you who posted data that can be viewed upon as false. I provided doubts. I do not own stock of RSM. no doubts about that

OK and you have this much time for internet forums  :D

I have shares in all mining companies ( i think)

best so far(in my opinion) is FPGA.contract & MergedMining, as they pay regularly and slowly expanding. Having regular dividends each week from mining companies gives me confidence to buy even more shares each week.

I bought lots of JLP-BMD shares, no regular dividends, even after reading and researching no clear info, started to give away the shares (gave one to ceo of RSM :P)

hopefully JLP-BMD can be like FPGA.contract and MergedMining, so i can buy more shares again.

i recommend, BMMO, MergedMining , FPGA.contract

Thank you this is what this thread is for.  Hopefully RSM can offer as good or better results but all I can say that is the first ASIC/FPGA board has been ordered and the next two boards will continue from the advance of the IPO.

The list has been started here (https://bitcointalk.org/index.php?topic=66610.0).

Thanks as this thread has been hijacked!  Could you include that RSM has issued 1900 shares at 0.3 but the CEO will be keeping 50 shares for setting up the company, running the company and payment of the first months electricity.  The 1850 shares for sale are to purchase three 'BFL Singles' and the company's own dedicated PC.  This will take the mining power to 2.5GH/s or 4.16MH/s per BTC invested or 1.32MH/s per share at minimal ASIC/FPGA electricity rates.  Also the IPO has so far raised enough for the purchase of the first 'BFL Single' which was done last Friday (24/02/12) although it may take six - eight weeks for delivery.  As the IPO continues I can purchase unit two, three and then the company's dedicated low power PC.  Or words to them affects.