Always bet on me.

Please do not look too much into tomorrow's dividend payment.  It will only be for a few hours of hashing at about 0.2MH/s per share.  Next week's dividend should be about 0.65MH/s per share for a majority of the week.  Then we're back to waiting on more BFL Single shipments for further increases.  I would also like to stress that this is an actual mining operation and not a theoretical bond payout like a majority of other mining investments on the GLBSE.  That being said, variance and luck will play a role in our dividend payments.


I will look into eclipsemc.  It is run by one of our GLBSE competitors, but I'm open to having a backup, or even a few backup pools.  You can never have too many backups.


No, I don't run the BFL-Software to mine, only to run tests and install bitstreams.  We will be using cgminer as I am a big fan of the software. 


I did secure NastyMining.bit in order to have a farm status page.  I have LOTS of ideas I would like to implement and I have had discussions with an extremely talented programmer in order to bring those ideas to reality.  It will happen eventually, but when it comes to working for free, things take time.  What I can tell you is that it will be done right, and it will be awesome.

I'm not afraid of dying. I'm afraid of not trying.
Everyday, hit every wave like I'm Hawaiian.

I auto-tuned the BFL Single and installed the 832MH/s bitstream as recommended.  Testing is currently underway and this BFL Single will be hashing for us before the end of the day...  Which brings us to a question.  What pool do we want to use?

For those not familiar with GPUMAX, when public work is not available, it falls back to your standard pool.  I'll admit I haven't researched Bitcoin Mining Pools in a while, but did go over a few of the larger ones last night.  I decided that Ozcoin Mining Pool would work best for our purposes, due to their low fees, automatic NMC->BTC conversion, and Double Geometric Payout Method.  If no shareholders are opposed, in addition to GPUMAX, we will be mining with Ozcoin.  This morning I setup an account and set the donation rate at 1%, but am open to suggestions on what we should be making as far as a pool donation as well.

You don't convert your BTC to USD before going to the gas station or McDonalds?

Interesting.  I thought all the Rev. 3's had a second fan installed on the bottom. Auto-tuning it now with BFL software to determine the proper bitstream.

On another note, I've received an email from Butterfly Labs saying that our next 2 BFL Singles have shipped and we should receive them by Monday.

I think the entire GLBSE verification process is a farce.  False documents can be obtained via SR, phone numbers via Google Voice, addresses via any random person willing to forward you a piece of mail, fake LinkedIn/Facebook accounts could be created over TOR, etc...

When dealing with anonymous currency, 1 thing matters.  How much of it you have on the line.  For this reason, I've suggested several times that the GLBSE implement a "bonded by the GLBSE" program.  Issuers could have the ability to store a specified amount of BTC in an account controlled by Nefario to be used in the event of a default.

You want a stranger to take a look at some phony documents and give you an A+ rating?  I want issuers to put up a few thousand dollars in BTC to compensate investors if the worst were to occur.  Any withdrawals from the bonded program could require a motion, which I believe should only be allowed to be voted on by non-issuer accounts.  In addition, Nefario could use funds from the bonded program to improve liquidity with some sort of bot (as long as it was profitable) and actually provide a small interest rate on the bonds, thereby encouraging their use and strengthening the entire exchange via added liquidity, bonded insurance against default, & an interest rate program on bonded deposits.

This actually sounds like an awesome idea!  There should be some small fee to use the escrow service though, perhaps 1%, and it should be split by the people running the application.  I have no idea how you'd limit people to running 1 node per computer to keep from gaming the system or keep them from being able to access and steal the BTC held in escrow, but I'd run it if it was a safe way to generate small amounts of funds and I'd use it for escrow on my trades to support the P2P aspect.

Another huge issue would be determining how to resolve disputes.

I have in my possession, a revision 1 BFL Single sent by kibblesnbits.  Tonight I will use the BFL software to test and load the appropriate bitstream.  Once the appropriate bitstream has been loaded, I will begin a 24 hour test to make sure the unit is functioning properly.  If everything checks out, I will get this thing hashing for us in hopes to provide a small dividend this coming Saturday.

Get a webcam pointed at your yard and start a betting ring on how many and when the dog will eat birds.

It looks like the weekly's have it.  

Not unless he forgets to bring condoms with him to Vegas.

Might be another option for you...

https://bitcointalk.org/index.php?topic=92109.0

I've become quite dependent on this site ever since Gox->Dwolla went to hell.  I wish there was a way around the 3.9% paypal fee, but it's still better than any other option out there I've found.  Definitely one of the best Bitcoin sites out there.

I've been contemplating this.  I am torn between paying them weekly on a set schedule, or paying them randomly whenever I am in the GLBSE account.  Anyone have a preference?  Random payments would most likely be much more frequent.

Code received 14.11 BTC sent.  Thank you.

w00ly, PM me with the Amazon GC code and your payment address and it's a done deal.  I see we did a trade back in May as well.  

You seem legit.  I'll do it.

Thanks Kain.  Always great to hear praise from a member who has been around longer than myself.

Your name and avatar have nothing to do with it.  To be honest, the name and avatar actually lend credibility that you may actually be up to something that has the potential to generate returns.  It's your post history, revolving loan requests and inability to repay on time that would concern me as a potential depositor.