Will have final numbers for the month of March soon, but here is our preliminary production:

433.34 BTC produced. 

just discovered this thread so watching & looking forward to trying Armory out, re the name I had heard of The Armory first so also was curious if there was some connection (Re: Armory: Cold Storage for the Average User! - hmm are they offering to cryonicise your AK-47s with you now or what?), having read most of the thread I know that there isn't - well from the OP I know that, but am not surprised that karma or whatever made the match in names as most peep's first word association with an armory is guns, a place to store guns & weapons - the fact that armories are mostly well protected & hopefully secure is very much secondary in people's minds & the fact that body armor or passive defense stuff may be in it even less so, I don't think it's a big deal that a headline grabbing illegal weapons dealing Bitcoin Tor site has chosen almost the same name but more that as someone else pointed out Armory is not really a good name choice for a secure offline wallet for non geeks, it associates too much in peep's minds with guns & ammo, that will put some folks off & confuse others

much better as someone also mentioned, vault - as in the excellent BullionVault online service for physical PMs, so how about BitcoinVault if it's available (just checked, the .com - it's parked so open for offers I expect, I'd have bought it for you if it was unregistered, though I was expecting for sure it wouldn't be free), anyway though it's not crucial I think that a much better name could be found while this project is still relatively early stages (acknowledging the enormous amount of great work that you've already put in to it, but expecting this to really be a long term Bitcoin winner) & also I like the idea of a poll thread for that with suggestions & voting with you picking one or choosing your own after getting that feedback

also could go non proper word as you said, like Bitcoinica does or Mt. Gox, Bicos Wallets say, BItcoin COld Storage Wallets

Anyone know of any instructables for creating new countries?

*sigh*. The issue with the names is public perception. It really isn't going to take someone in the press very long to note the similarity in the names, and with the amount of FUD we've all seen out there regarding Bitcoin it will be short work for someone to make Armory = The Armory to the public and make it stick. Of all the fucktardedly stupid things to do to help derail Bitcoin this has to be one of the best. My understanding is that eto is trying to make this appeal to the mass public at large and hence get widespread adoption of Bitcoin. Having this awesome client even remotely tied to weapons dealing is a good way to kill it with the general public. My advice is to change the name of this project, quickly.

edit: And if you want, you can get the community involved in the renaming part. Make a thread, get the best 5 or 10 ideas, assign them each an address and let people vote with bitcoins. Name that has the most coins wins.

Time for a mid-month update!

Things are going great through the fist 20 days of January.  We have generated revenue of just over 250 BTC, and should be able to easily exceed 350 for the entire month.

Capacity continues to grow beyond my initial expectations, with our peak hashing speed now sitting at 16,900 MH/s!!  I know believe with some more opportunistic tweaking and GPU upgrades we can reach the magical 20,000 MH/s, truly putting us in the elite of hashing operations. 

Now for the catch.....to hit these ever increasing hash rates, we have in the last 30 days purchased 4x 7970's, 2x 5970's, and one full mining rig capable over of 1,000 MH/s+.

These are obviously major expenses, and will keep our profits down for the next several months.  I will amortize the expense over the next 4-6 months, in order to maintain our dividend at current rates.  The upshot is that with the price of BTC seeing the substantial rise it has over the last 6 weeks, it takes much less BTC to purchase these upgrades than before!

Feel free to ask any questions!

Alan, let me tone down the pretentious dick breath and try this again..

As a hero in the making, have you ever explored honest and honorable means to monetize other than just donations?

UPDATE ON JAN 24th  We are making initial preparations for public listing on GLBSE!  Our ticker symbol is BMC (Bitcorp Mining Company).  Interested parties are welcome to purchase shares through GLBSE.  Current shareholders will continue to recieve dividends as promised, and need to contact us to transfer shares to GLBSE if desired.  

At this point, we are simply playing around with the beta version of GLBSE 2.0.....but plan on going live soon.