The one thing I don't quite see: why is Cog and Nasty priced (consistently) higher? Shares outstanding. bASIC-Mining has 51,625 shares outstanding post 10:1 split(+minirig SC purchase). bASICally our share price is close to lapping our competitors' as it's up 720% since the first share was sold. A purchase of 1 share of bASIC-Mining for .33 on 12/17/2012 would now be worth 2.7069(10*.27069) based on the 7dAvg and would have returned approximately .09BTC in dividends as well. I won't even attempt to calculate the return if DRiP had been enabled as soon as it was available as my maths are not that l33t. I believe I mentioned protecting and increasing shareholder value in the original contract. Eight months later I remain committed to this concept. Cheers. Reinvesting those unused funds into AsicMiner paid off very well too got to get in on some very high paying divid weeks! I can't wait to see what this reinvestment money gets spent on come October when all this "new tech" comes out. |
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Can someone explain me about the price of shares?
Right now it is possible to buy share for .26
Does information posted by creative-x (like buying some equipment) influence share price? I am not a speculator. I just want to make investition and receive dividents. I bought a lot of shares, paid 0.2985200 per each, and thought that was really normal price. And I think, that share prices must be stable, but this day we can see the cheepest share prices. I don`t understand why.
Basic-mining is stable company with stable divident payments, so what does really influence share prices?
Give it some time there was some big sell walls at .3 and it looks most are crumbling, so grab on for the ride and lets talk in a couple weeks! Keep it up creativex funny to think just a couple months ago we had only GPU miners. |
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Thanks for the updates look forward to the Q&A tonight, glad to see all these short sellers arn't gonna make as much money as they wanted the first week
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Hey, just received my transfer from AMC-TENDER
Same here now I can relax |
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That is an understatement to say the least
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Hello,
here is my problem. I have a server with 8 cpu (8 x Intel Xeon L5420 @ 2.50GHz).
I'm mining around 2000 PPS, I hardly believe that is doing just 2k pps..I have setgenerate true -1
I'm sure that is possible to get much more pps (i think).
Running on Ubuntu 10.04. Version hp4 from mikaelh.
So i'm giving a reward 5 XPM to solve this problem.
I tried almost everything. I was playing with setgenerate true 1........30.....100...200 but still no more than 2000 PPS.
I'm completely lost. Can't get it work properly.
Any idea what is the problem?
Thanks
I think this is what your looking for let know if this helps http://www.ppcointalk.org/index.php?topic=341.msg2361#msg2361 |
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Added 1 addresses from 54.216.76.137: 113 tried, 10380 new
received block a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd
Committing 1 changed transactions to coin database...
SetBestChain: new best=a980f148bc1da2a874725cc06d83ac70b15f5d4ec1ba2dc4f1c2740782e12ddd height=54362 difficulty=8.9326816 log2Work=21.373855 log2ChainWork=34.463719 tx=66999 date=2013-07-16 20:03:57 progress=0.001280
ProcessBlock: ACCEPTED
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500
getblocks -1 to 0000000000000000000000000000000000000000000000000000000000000000 limit 500#
What does this mean in the debug.log?
Accepted what?
I've got a bad feeling based off your posts lately that you are trying to figure out how to make a fork of Primecoin. If I am right and it's a lame copy paste job with a couple of variables changed please don't bother. You don't need to worry about me forking Primecoin, as I cannot even mine a Primecoin block let alone fork the client. I just want to know why I can have just under 4000 PPS but not get a single block in 24 hours? And I wanted to know what it means when it says process block: Accepted? Im running over 6k pps and no blocks in 24 im sure its par for the course though. |
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This should be funny  |
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Motion to change the asset contract.
Motion summary:
Removal of the clauses that requires mining equipment to be owned by the shareholders, but require that underlying assets have and maintian a growth/reinvestment fund.
This will allow the inclusion of additional mining assets into the fund.
Enhanced HTML formatting will allow for easier readability by adding bold, italics, and proper word-wrapping.
Motion Changes:
Change this sentence from the paragraph "Summary"
From: "MININGCO.ETF is an Exchange Traded Fund that holds assets that are invested in mining Bitcoins where mining equipment is owned by the shareholders."
To: "MININGCO.ETF is an Exchange Traded Fund that holds assets that are invested in mining Bitcoins."
--
Change this sentence from "Assets to be included,"
From: "Only mining assets where equipment is owned by the shareholders will be included in the fund."
To: "Only mining assets where a growth or reinvestment clause will be included in the fund."
--
Change this sentence from the "Executive Summary" on the asset details page
From: "Only mining companies where the shareholders own the equipment are included."
To: "Only mining assets where a growth or reinvestment clause will be included."
--
Change this sentence from the the "Business Description"
From: "Only mining assets where equipment is owned by the shareholders will be included in the fund."
To: "Only mining assets where a growth or reinvestment clause will be included in the fund."
--
Allow the asset contract to be updated with enhanced html formatting, a feature of BTC-TC that was implemented after this asset was created.
Great news I hope this go through! Great buy chance for someone 2 Shares left below NAV on btct.co |
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First off, I wanna say great job on this fund My question is if I wanted to move a PT share on bitfunder to be with my shares on BTC-TC is there anyway to move my pt share to BTC-TC? On another topic, I wanted to bring up something to discuss. The 7 day moving average to find the NAV USED to work great. Why I say USED to work great is because market moves used to be very small and the 7 day average helped to keep NAV high while the underlying assists were dropping or rising a few points here and there. As you can see this week with assists like Basic-Mining the NAV correction has been very slow, even though the price point of the underlying assists has skyrocketed. The end result has been a very slow NAV correction. During this time shares are being listed while NAV is low and new shares are being acquired for MININGCO.ETF with this newly aquired BTC. Now the problem as we acquire new investors with this low NAV is it is not enough BTC to fund the same % of each share originally owned by the entire fund. This is because the 7 day NAV isn't enough funds to acquire current priced shares. A good example would be the more than .15 BTC per share price difference compared to 7 day average price of NASTY on our spreadsheet of 0.44 as of now. Thats more then a 30% difference. The missing .15 btc has to be coming outta the funds portion maybe not directly but indirectly correct? Hopefully this make sense because this is going to happen with Cog next week too imo and with DIV of MININGCO.ETF being on pace to be double what it was last week we should be working on fixing this ASAP. Some solutions maybe to add a premium over the NAV like they do in the bullion market or we could take a shorter moving day average. Thanks for reading and hopefully we can find a solution together! |
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Basic-mining vote passed and it will be doing a 1/10 split not sure what effect this is gonna have. I'm naive to what happens next in a 1/10 split but i'm interested to see since it represents a big part of the fund.
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Not sure if this has been posted yet or not but how many blocks need to be mined before the last coin is created? Ie around what year roughly will the last coin be mined?
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Batch 2 had stopped shipping because there was something overheating and melting on the boards is what i was hearing earlier this week maybe they are fixing it b4 its sent we will prob get our batch 3 before our batch 2
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 sucks to be last!
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New Order:
Chip amount : 16
Payment : 1.376
sending address: 1xvKB3Yoojf2Ec8TrQTNgQFVTECymHdxs
TX ID : 92ce989f18c2d64aaa4334b157aa8aabeb1bf8e25541ce8ad04bd75a1b5a7a98
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Ya I edited my OP  |
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My thoughts on AM right now are buy low sell high, right now AM is "high" once the pricepoint calms down "IE AM just experienced over 200% growth in 30 days" then we should look into buying "low". Im expecting the pricepoint to be much closer to 2 btc once the intial flood of orders dividend go out. Also I think we should look at full shares instead of pt shares we wont need the advantages of a pt share because we will be holding these shares unless you plan to have them turned over I know burnside will transfer the pt shares to friedcat if requested. Maybe we should just get our feet wet with 100 shares and watch the prices saturday as they seem the lowest then. Just my thoughts btw I left AM to come here.
Edit
Upon further thought one advantage with pt shares is we could sell put options though to cover any losses if there would be a sudden drop.
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So word on the street is some guys that ordered there batch 2 on the same day as us got a tracking number today any word on ours?
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IS that straight mining div or is the first USB group buy in that div?
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