Got em all running. bitminter says 11.6 BTC per day. That would be $4100 per month. I don't believe it but I've still got a boner. lol
you WILL sell me your mini-rig. *waves hand*
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I will buy your mini-rig and relieve you of the hassle. Let me know.
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I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share. So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.
How people are choosing to pay more for perpetual bonds over equity interest is beyond me. Perhaps I am not spreading the message well enough?
There are huge differences between bonds and shares. Bonds will payout coupons that are only function of difficulty regardless; your shares could stop paying dividends all together if for whatever reason your company no longer makes profits, like soaring electricity cost, collapsing BTC value, equipment failure/theft/fire etc. Now Im not saying I would rather hold bonds, particularly not at current prices, If I had to chose I would also be much more likely to invest in your company, because the difficulty liability that bonds suffer is gigantic, but you are comparing apples to oranges. (and diablo is writing them down as strawberries in his books). We have addressed this......Over half of our farm is run on "free" electricity. The other half has a blended cost of approximately .04 per KW/h. I cannot draw up a scenario where electricity will ever be a problem for us. On another note, I am dumbfounded by the prices being paid for "perpetual" bonds. One can literally walk out and buy 3x the hashing power for the same price just by purchasing some hardware, and keep the salvage value! I personally think our stock offers a much better value to those who take the time to actually parse the difference between owning the underlying assets, and simply buying hashing power for 300% the market rate.
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I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share. So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.
How people are choosing to pay more for perpetual bonds over equity interest is beyond me. Perhaps I am not spreading the message well enough?
You need to post equivalent mhash based on today's difficulty. People only think in mhash. Good point. We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs. Oh man. Lets say its 60 ghash even, and on August 1st you paid out on 3764 shares. 60000 / 3764 = 15.94 mhash. Did I fail at math somewhere along the way? Well every share gets an equal amount of the hashing power.....even those still held by the founders. So you have to divide the 60 GH/s by 10,000.
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Pool is showing 0 GH/s
Can we expect this to be resolved soon or should we switch to back-ups?
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I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share. So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.
How people are choosing to pay more for perpetual bonds over equity interest is beyond me. Perhaps I am not spreading the message well enough?
You need to post equivalent mhash based on today's difficulty. People only think in mhash. Good point. We are at nearly 60 GH/s....sometimes just over, but not sustaining yet while we work out a few trouble rigs.
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July numbers have been finalized:
Income statement for July, 2012
Production (in BTC) +804.16 Sale of equip. - Expenses -389.00 Dividends paid -150.00 Net income 265.16
Also, a request for a balance shee was made, thus we comply!
Balance Sheet: Aug 1, 2012 Short-term Assets Cash: BTC 1050.65 Accounts receivable: 0 Total Short-term Assets: BTC 1050.65
Long-term Assets Capital Assets (mining equipment): $32,478 Total Long-term Assets: $32,478 Total Short-term assets: BTC 1050.65 Total Assets: $32,478 + BTC 1050.65
I am not sure what is wrong with the market, but at the current GLBSE price, an investor can buy a share of BTCMC for approximately .55 BTC per share when the company has a net asset value of approximately .40 BTC per share. So completely ingoring future earnings (which are still increasing), liquidation value alone is nearly enough to cover any investment.
How people are choosing to pay more for perpetual bonds over equity interest is beyond me. Perhaps I am not spreading the message well enough?
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First trade is done.
Any other takers?
Who did you trade with, why didn't they post the success yet? They said they will be posting today with positive feedback. Stay tuned.
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First trade is done.
Any other takers?
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I'm sure they are breaking your door down. Oh....bump.
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I can sell you as many as you need at a cool 100 BTC each.
Let's get back to reasonable offers, thanks. Ummmmm, what offers?
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I can sell you as many as you need at a cool 100 BTC each.
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I wonder why share value is dropping Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels) Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE? If so, just give me your username. You already transferred the shares (at 3 of July I think) But not the dividends. I am Speeder in GLBSE too My apologies! Would you like additional shares in lieu of the missed dividend, or simply the BTC?
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Hey all,
I am interested in purchasing BTC outside of the normal channels. My offer is pretty straightforward:
I will buy your BTC for 90% of the most recent trade on MTgox when we agree to the trade, and send dollars overnight to the address of your choice using FedEx.
Example trade:
-Seller wishes to trade 100 BTC for dollars -last trade at MTgox was $10.60 at the time of the agreement -Seller sends BTC to my wallet -Seller recieves $954.00 in CASH the next day via FedEx
To head off the inevitable criticism some will level, a coupe things:
1) I realize I am buying at a discount. I don't think it is an agregious amount given the convenience I am offering. Everyone knows what a nightmare it is to get your money out of MTgox, and don't even get me started on using Paypal for BTC sales. I am offering cold hard cash in 24 hours, no frills.
2) I realise taking this offer requires trust on the sellers part. I am a well known member of the forums, have completed dozens of deals on nothing more than my word, and always follow through. There are many members that will gladly verify that. I have no desire to squander that reputation to screw someone out of a couple hundred bucks. Just isn't my thing.
So there it is! If interested, just reply to this post or send me a PM.
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I wonder why share value is dropping Also, I came late to GLBSE, I can get earlier dividends? (I am one of the Angels) Not a lot of volume unfortunately.....it seems like all of the liquidity has been soaked up by Giga and a few Pirate bonds. I have your shares held in trust at the moment......would you like them tranferred to you on GLBSE? If so, just give me your username.
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The last difficulty peak was around August 2011, below 2,000,000.
The difficulty is now 2,036,671, clearly exceeding that peak.
Thoughts ?
uhhhh, more mining power?
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But if you think they are going down, you now have no way to short.
Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short. Seriously, I LOLed about this......
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GLBSE's Market page is sorted by "Total Vol฿"
Volume is not Market Cap though Here's the real deal, courtesy of yours truly: AS AT AUG. 2nd, 2012 # Holding Shares Value Market Cap 1 GIGAMINING 40,000 1.1370 45,480.00 2 BITBOND 88,138 0.4450 39,221.41 3 TYGRR.BOND-P 28,743 1.0140 29,145.40 4 BIB.PIRATE 16,238 1.0230 16,611.47 5 BDT 10,000 0.9990 9,990.00 6 MOVETO.FUND 7,794 1.1390 8,877.37 7 YABMC 54,278 0.1520 8,250.26 8 ZIP.A 9,930 0.7760 7,705.68 9 FOO.PPPPT 5,989 1.0320 6,180.65 10 COGNITIVE 7,870 0.7680 6,044.16 11 BFLS 6,395 0.8780 5,614.81 12 CPA 46,501 0.1020 4,743.10 13 SYNERGY 24,500 0.1850 4,532.50 14 FPGAMINING 5,040 0.8990 4,530.96 15 PPT.DIV 9,000 0.5020 4,518.00 16 PPT 36 120.0000 4,320.00 17 BMF 4,155 1.0000 4,155.00 18 BFLS.RIG 4,459 0.9250 4,124.58 19 PUREMINING 20,000 0.1900 3,800.00 20 PPT.B 3,000 1.2450 3,735.00
How did you manage to miss BTCMC? We are easily top 15
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