So based on 10k shares of BTCMC, per DMC share

600 / 10000 = 0.06 BTC per DMC share
4 a day / 10000 = 0.00004  BTC a day per DMC share
23 upgrade eligible BFL singles / 10000 = 0.0023 of one BFL single per DMC share

2) I am not assigning a value to BTCMC. I do not believe BFL can ship the units in time to make a difference and will be not worth the money yochdog paid for them (assuming they do arrive), and the money that is lost (ie, most of it) was lost in the Bitcoinica scam and most likely will never be returned. BTCMC does own GPUs, but because they have custom heatsinks to be rackmounted with high output fans, yochdog cannot find a buyer (even for non-mining users) and most likely will be thrown out or sold for what little scrap value they have.

3) Over 90% of the trading volume since I listed it is me buying shares back.

4) A stake of 0 is still 0, unfortunately. And as I said above, I do not believe BFL has what it takes to deliver in time.

Again, you prove you can't do math.

1) 405.34 to 680.34 BTC were still owed as of the end of April. Using a 1.1 BTC value per ASICMINER share and 246 ASICMINER shares have already been traded (our largest shareholder took choice A), an additional 270.60 BTC has been paid back. At minimum 123 and at maximum 373 shares of ASICMINER clears what was originally invested into DMC. There are still 382 ASICMINER shares, worth 420.20 BTC, left. There was between 1691 and 1966 BTC invested into DMC. That is between a 21% and 25% return on investment.

tl;dr: You made a profit, and you will continue to make a profit with ASICMINER shares.

2) I was participating in a buyback because I was hoping there could be a smooth transition from DMC 1.0 to 2.0, and there cannot be one. nefario gave out a lot of bad advice saying that he got it from his lawyer. I do not believe he had a lawyer, and I believe he acted in bad faith. We collectively pay the penalty for that.

3) I believe BTCMC has been a failure because yochdog relied on BFL units that may never arrived, and if they do they may not turn a profit by the time they arrive. There is no equity, the assets BTCMC holds are worthless (again, if they exist at all, BFL has not sufficiently proved they have the capacity to produce units), and BTCMC is not currently being traded.

4 and 5) This entire thing isn't fair, the whole 9 yards. DMC was supposed to be a company that would show off the strengths of Bitcoin, and thanks to nefario it cannot get there from here. You are getting a better deal out of it, you now can own ASICMINER shares directly and reap all of the dividend instead of half.

Also, this has been a common request to put the deal back on the table now that ASICMINER is not starting a trading platform and relying on the passthrus instead. You have been outvoted by the majority of shareholders on this one.

If I intend to also accept USD for investment then there are various rules and regulations I must follow.

Unfortunately, theres no way around that. Feel free to run for Congress to change that, though. My hands are otherwise completely tied.

So far 246 shares out of 1000 of ASICMINER are gone.

Not cheaper. Right now, ASICMINER is worth around 1.1 BTC. Which makes, by raw assets, DMC worth 0.1 BTC per share. I am offering a 0.5 BTC credit if you convert to DMC 2.0 bonds when the time comes, or 5 times more. If you think I'm offering a bad deal either way, sell your DMC shares on the open market to someone doing choice A or B.


BTCMC has no value. Yochdog says he ordered BFL units and has not been paying dividends and is not traded anywhere and you can't sell it like you can AM shares.
BTC-Mining has no value. AmazingRando still has not paid Namworld what he owes and most likely never will.

If there is any value in these, this will be retained for DMC 2.0, but as I said, I believe they have zero value.


Continued operation of DMC 1.0 makes no sense. We can not get to where we want to go from here. So either take an offering of your share of ASICMINER, or pledge your support of DMC 2.0, thats your only two options.

In 60 days, DMC will no longer be honoring shares that have not taken either choice A or choice B. There are several users who have NOT claimed their shares on BitFunder, in 60 days from this date if you have not claimed them and traded them for ASICMINER or been added to the list for conversion into DMC 2.0 bonds, they will no longer be valid.

Choice A: 11 shares of DMC for 1 share of ASICMINER, whole integer amounts only.
Friedcat hasn't put ASICMINER shares onto an exchange because of the passthrus, and I think everyone is tired of waiting.

If you intend to take advantage of this offer, use https://bitfunder.com/transactions and send a multiple of 11 DMC shares to Diablo-D3, and then PM on the forum and give me the email and Bitcoin address you want friedcat to use.

Choice B: Trade 1.0 shares in for 2.0 bonds
The exact wording for the bond has not been worked out yet, but the offer will be for a zero-coupon original issue discount 5 or 10 year callable bond, or in English, it will not pay dividends and will be sold for less than the face value and you will get paid back in 5 or 10 years unless they are paid back in full at an earlier time at the company's choosing.

The bonds will earn an equivalent of 15% APY, 20% APY if paid in BTC or DMC share trades.

15% APY for 5 years: $100 -> $201.14
15% APY for 10 years: $100 -> $404.56
20% APY for 5 years: $100 -> $248.83
20% APY for 10 years: $100 -> $619.17

Due to the massive fluctuation of BTC prices and the finer details of US Federal law, bonds will be denominated in USD. However, I will still accept payment for the bonds in BTC, and at the maturity date any bonds paid in BTC or DMC shares will be paid in BTC according to the market price of BTC on that date.

I will be offering a credit of 0.5 BTC per share of DMC towards a DMC 2.0 bond.

If you intend to take advantage of this offer, please PM me so I can add you to the list of people who are interested. If, at any time in the future you wish to take choice A instead, even after the 60 day period, you may do so.

Yes. And I think your question is if you can turn 1.0 shares into 2.0 bonds, and yes, I'll be offering that.

The plan for 2.0 is basically to disrupt the cloud computing market and eat Amazon and Rackspace's lunch. The whole thing can be done better and cheaper, and I intend on DMC 2.0 being the company to pull it off. But as I said, the official plan and announcement isn't ready yet.

You're missing most of the story. A long time ago, DMC was listed on GLBSE, which was owned by a guy named nefario. nefario decided one day to just completely fuck over the entire Bitcoin community and shut down GLBSE without warning and also attempted to steal assets and funds, with DMC taking the brunt of this attack and surviving.

The DMC plan was to own a privately owned facility to house mining hardware and sell space as a data center. Thanks to nefario's actions, a lot of investors in the Bitcoin community left and never returned. I am not accepting new investors for the existing version of DMC at this time and will not be issuing new shares.

DMC 2.0 will be issuing original issue discount zero discount bonds issued by a registered C-Corp in the US.

Also, ASICMINER is not issuing new shares either. The only way to get a hold of them is either buy them privately from people who already own them, buy shares through a pass through (theres two out there), or invest in a company that also holds ASICMINER shares.

Typo, 1000 shares of ASICMINER.

This is the correct answer.

DMC owns 1000 shares of ASICMINER, I had personally held an additional 371 shares (which I sold near the middle of last month) which I was giving the dividends for those to DMC shareholders.

BTC-Mining nor BTCMC is paying dividends for the time being. BTC-Mining (ran by Namworld) loaned it's money to a guy named AmazingRando who was bulk buying BFL units, but AmazingRando ragequit and took not only BTC-Mining's money but a few other people's as well; Namworld is trying to do something about it but he hasn't made much headway yet. If Namworld can't get the money back, the shares are worth nothing.

As for BTCMC has suspended dividends until their BFL units arrive. BTCMC is not currently trading anywhere, it was trading on GLBSE but GLBSE shut down. It is unknown what the shares are worth if BFL does not ship as BTCMC's current asset holdings are almost entirely GPUs.

DMC is currently in the process of buying back as many shares as possible or consolidating into as few shareholders as possible to move on to DMC 2.0 (which has not been officially announced yet as I'm still trying to pull together whats needed for this).

There, I've added a sha1
http://adterrasperaspera.com/DiabloMiner.zip
http://adterrasperaspera.com/DiabloMiner.zip.sha1

Ahh, I never actually looked at the program, I assumed it was some non-interpreted binary.

If I add a .sha1 file along side the zip download, could you add whats needed to to automatically download DM with curl/wget?

I don't have a problem with it, I just wish MacCompiler had talked with me to make it automatically download and update it's copy of DM instead of packaging it inside, or at least released the source so other people could hack that functionality into it.

What are you considering selling those AM shares for?

Yes, I promised to buy back DMC shares, and I have used half of dividends every month to do so.

Thats not the SDK, thats the runtime that you're SUPPOSED to install. Always use the one that comes with the driver.

When I get around to adding it. GPUs do not benefit from stratum. DiabloMiner does not support FPGAs or ASICs yet.