Will the BitPay payment form support trading in Singles? Can I specify that I want to trade in a Single and only pay you $700 in btc right now for a SC Single?
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I'd offer 20 ounces and a few BTC.
Are you offering or are you suggesting? I was saying I'd give someone 20 ounces of silver for a BFL Single.  |
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UPDATE:
More than 5GH/s has now been ordered for this operation.
So what exactly is the situation. Is this additional hardware or is nothing currently mining? What is the ETA to be mining / anticipated dividends payout? We have several units on order with Butterfly Labs currently. A couple of the units were ordered 5+ weeks ago. I'd imagine we'll have them whenever BFL completes their next production run. If I can get one sooner from a 3rd party for a reasonable price, I will do so. No matter what happens, I'm planning to start paying dividends in some form starting in July. |
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I will take 40 ounces for one single.
Let me know.
I'd offer 20 ounces and a few BTC. 40 ounces is more than double the price of a single... |
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I'm more greedy than skeptical.
Also with a bit of an honest streak. |
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UPDATE:
More than 5GH/s has now been ordered for this operation.
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The graph only shows bid/asks which are within 15% of the best bid/ask.
yep, it's perfectly fine, clear & useful - I wish that GLBSE would do this too. I've asked for this feature before & others agreed that your charts without it are useless atm, can you implement it or state why not, thanks.  A good useful chart A bad completely useless waste of space chartPS - why don't you reply to my emails about releasing the 130 BTC from my balance that has been unavailable to me for about 2 weeks now! Doesn't Nefario work with the Intersango folks? It seems like this should be pretty easy to implement, given that Intersango is already doing it. |
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I only got 100. This is an outrage!  |
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i would suggest, that at there should be a reserve in bitcoin totaling at least 10% of the ognastys market capitalisation to hedge ognasty against volatility and another 10% in dollar/euro.
i don't mind if you pay out dividends at all, i would even prefer to not beeing payed dividends if the aquisation of capital could be neede in the near future, cause own earnings are much cheaper than taking a loan, offcourse.
So i would prefer the paper-only earnings rather than dividends. but this is anyway something that needs to be discussed by the shareholders!
(dividends vs. capitalparking is always the main issue at stockholder meetings)
I like those ideas, and I agree that they would be best for the long term growth of the company. Once we start seeing some profits I am definitely willing to put up a few motions to see if shareholders are interested in taking a portion of the profits and using them to invest or save. When it comes to what to do with the profits, it is up to the shareholders. Most will want dividends, but I could see a motion to use a % of profits for a transparent investment portfolio passing. |
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quite a few of the mining bonds sold here are with the intent to use the funds from the bonds to purchase equipment. NASTY, for a recent example. NASTY is a share of a mining company, and not a bond. Although I understand the confusion in the way the IPO was structured to be 1MH/s per share. https://bitcointalk.org/index.php?topic=86854.msg972853#msg972853 |
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So from that, as a possible investor (I've thought about buying in as I just want the weekly returns on 1mh/s. If I buy in and have a share, and you upgrade equipment, am i on 1mh/s or 20mh/s on the upgrade date or delivery date? I'm assuming 1mh/s.
The 20MH/s would go into effect upon the delivery date of an ASIC miner. But for x months you are willing to pay out of your pocket? For any normal person this can only happen for a few months,what happens if bfl never deliver,or deliver below the 20mh/s?
Obviously I'm not going to pay dividends out of my pocket forever and I have no plan to start doing so at this time. If delays become longer than anticipated, that is one option I have to compensate shareholders for their trust and investment. I don't think anyone I've dealt with in the past is concerned that I'm not going to compensate shareholders. At this time, any announcement as far as extraordinary compensation would be premature. Would it not be best to start a new bond for the hardware?
No. I have no intention of ever issuing a bond. I think issuing a bond in the face of the coming mining environment would be taking advantage of investors, which is why I specifically structured this investment as a share of a company. It leaves the door open for a lot of growth for shareholders that would otherwise be unavailable. Would it not be best to start a new bond for the hardware?
NASTY is no bond! IMHO thats why it would be best to stick to this security. Amen. @NASTY what if competitors double your Mhash/s per BTC
Is 20 Mhash/s is just a rough guess and the actual hashrate could be higher too?
I'm not worried about what my competitors do. The 20MH/s was an educated estimate using the figures published in Butterfly Labs' press release. The actual number could be more or less depending on the final figures released by Butterfly Labs. However, I think 20MH/s is a realistic expectation at this point. |
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I agree with what you said. But up to 20MH/s, can be as well only 1.1 Mh/s, see the cellphone contracts. You can reformulate as "20MH/s provided BFL doesn't change the initial unit parameters and upgrade conditions."
For sure it will provide piece of mind to investors. Is this a major concern? I think my reputation would speak a little for me here as I am not out to scam anyone, but instead provide a useful investment option to protect investors against the coming losses of 1MH/s bonds currently trading on the exchange. I will trade any organization owned equipment for BFL's ASIC miners once they are available. Once the exact figures are released and confirmed, I will be able to make a definitive statement. |
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Hi there,
I find your offer interesting. Can you please clarify the statement "up to around 20MH/s" baked by actual calculations?
Thanks.
The BFL trade-in program isn't official yet, nor has the ASIC statistics been confirmed, so it would be impossible to clarify the statement at this time. Using the numbers from the announcement, I made a general statement about what shareholders can expect once the trade-in is completed, in order to provide a realistic expectation for the future. |
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A bear and a rabbit are walking through the woods.
The bear turns to the rabbit and asks, "Do you have a problem with shit sticking to your fur?"
The rabbit replies, "No."
So the bear wiped his ass with the rabbit.
Do you know how to catch a polar bear?
You dig a hole in the ice, and put a handful of peas in it.
When the polar bear comes to take a pea, you kick him in the icehole.
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Getting on board the ASIC train It appears that this train is "ride or die" for Bitcoin miners. |
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It was good until you started talking about coins with chargebacks.
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Would take 7.5 BTC or best offer.
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Interesting. How will you handle the transition and prevent allegations of insider trading? I assume that you have shares in NastyMining, so there's no real way for you to avoid a conflict of interest.
When more information regarding ASIC development and the BFL trade-in program is made public, shareholders will find out the same time as I do. I don't think insider trading is a big concern. I won't know exactly how the transition will be handled until the details are announced. Everyone should find out about the trade in program at the same time, but the transition from a 1MH/s bond to a 20MH/s bond is a huge one that's under your control. Let me propose this scenario, and I'm not saying you would do this. It's just something that could possibly happen. A miner issues 20000 shares of a 1MH/s mining bond, selling 10,000 of them at the current price of about 0.30BTC. This brings in 3000BTC. In 6 months BFL products hit the market, and a 1MH/s mining bond is selling for ~0.03BTC. The issuer buys 5000 shares of his bond on the market for 150BTC. The issuer amends the offering to be a 20MH/s bond. Dividends shoot up 2000%. The bond starts trading at 0.6BTC. The issuer slowly releases his new 5000 shares for 0.6BTC, collects 3000BTC. Since the market is aware that this transition to ASIC miners is going to happen and I have made that very clear, I don't see why the price would fall to 0.03BTC/share. If it did, there would be no harm in buying up all the available shares on the market, as that is what a free market is about. As long as the buyer didn't have any inside knowledge that wasn't available to the public, I don't see the problem. That is why I will continue to make the company's plans very clear. |
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Why should investors in your shares care whether their 1MH/s is going to be produced by ASICs or singles, other than the small difference in power usage between the two? They should care because (see below quote). While 1MH/s bonds will be paying out only the proceeds of their 1MH/s, NASTY shares will be upgrading to ASIC Miners with the BFL trade-in program and giving shareholders the benefit, potentially raising the per share hash rate to 20MH/s! ANNOUNCEMENT:With the Butterfly Labs ASIC miners coming soon, NastyMining is pleased to announce that we will be participating in the FPGA->ASIC trade-in program once it is made available. This will bring the hashing power per share up to around 20MH/s. Once the trade-in program is completed, the contract for this offering will be updated to reflect the new terms. Interesting. How will you handle the transition and prevent allegations of insider trading? I assume that you have shares in NastyMining, so there's no real way for you to avoid a conflict of interest. When more information regarding ASIC development and the BFL trade-in program is made public, shareholders will find out the same time as I do. I don't think insider trading is a big concern. I won't know exactly how the transition will be handled until the details are announced. |
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