Pssst.... time to update the OP!

Definitely looks awesome! demzie!

Can't wait until I have enough funds to buy a share of bASIC. Right now I'm playing with penny shares (read 50 cents or less ) but hopefully in the coming week or two I can gather the funds for a share of bASIC.

Awesome! Any ETA of when they'll be up and fully functional?

So that adds around 240GH/s to your total mining speed?

Thanks again for the 3 cents dividend.

Ah ok thanks for clearing that up!

Dividends are not paid out on Saturdays or Sundays correct? I bought on Thursday and got a Friday dividend but didn't get one today.

That seems to answer all my questions, I'll take it from there. Thanks for the replies, I know you have little time but I do appreciate them. I'll definitely take a look at those items you listed.

He could always trade at viecurex, although I'm not sure how much stock they have of it.

What I'm wondering is, when it's implemented, will our current balances be auto exchanges even if the balance has been there for say a month or so?

I'd actually like to invest in bASIC mining, I'd like to do more research on it. I want to understand how it works before I invest.

Thanks for your explanation, but I know I'll have to do my research before buying any shares. Not trying to waste Creativex's time, I'm just trying to understand. That's why I said before anything else "Before I continue, I'm not trying to troll or anything, I'm just trying to understand."

I'd love to do more research, but I cannot find any more information on bASIC mining, do you know of a place I can go to read all about it, it's goals, and how it works?

Before I continue, I'm not trying to troll or anything, I'm just trying to understand.

If the high difficulty puts other ASIC miners out of the game, what is stopping bASIC mining from losing money by mining as well? Do they operate on very low power costs, or keep mining even when they lose money, or whats up? And when the difficulty becomes too high for ASICs to be profitable, yes people will take them offline. However at the next difficulty change there is a good possibility that the difficulty will make it profitable again, until the next difficulty change, and it will continue like that.

Like, does bASIC have a plan to combat this all?

I mined at netcodepool for over 3 months. In regards to their FPGA, I just found it extremely sketchy that netcode basically said "it's a work in progress but the more LTC you give us the faster it'll go!" Little do people realize, that if they truly are developing an FPGA for Litecoins and other scrypt, they could take a loan from a bank or similar. If it's real they'd easily pay back their loan with sales, plus make huge amounts of money with their product. Why aren't they doing this? Also as I said, their proof of concept is a hot swap bay enclosure. That's an absolute joke. There is absolutely NO evidence that they're developing this FPGA, yet they're asking for donations to "speed up the process". They don't have a website for their FPGA brand either - it's all run from the forum topic. That screams scam. If that isn't truth, I sure don't know what is truth.

The difficulty is killing everyone, including stocks such as bASIC. I read earlier today that any BFL device that arrives later than September 1st will be unprofitable with the current difficulty rising trend.

Unfortunately that isn't just affecting just BFL customers, it affects bASIC and all other securities or similar. I think the way they should be focusing on now, is using sites like Middlecoin, or multipool (when they implement their auto-exchange feature) and using GPU's for mining. I know they're highly in-efficient, but they can generate more profits mining than ASICs can, I never thought I'd say that, but I guess things change, aka the difficulty of bitcoin mining.

Got my first 3 cents dividend today, thanks!

I wouldn't recommend mining at this pool, I used to mine there, but honestly there are better LTC mining pool alternatives.

That isn't what turned me off though. What did it was that in their forum they opened a topic about how they're developing a Litecoin FPGA. The thread was extremely shady looking, absolutely no proof of anything, just lots of promises in text and of course they're raising money for developing it, over 300LTC worth so far. I then posted in the topic "I'm not sure if this is trolling, or serious" because Scrypt is developed to be ASIC and FPGA proof. If one was created for Scrypt it would require lots of memory, which is something ASICs and FPGAs don't offer. A "project developer" then replied with "How can a thread be trolling?" I then replied with "Your concept design is a hot swap enclosure with your logo pasted on top of it" which is the only real "proof" they have of their creation on their website. I was then promptly banned.

That's not all they've done, they take advantage of bad situations. Ex. when Hypernova lost nearly all their funds, in the Reddit topic netcodepool pops in and basically says "What a shame, at least our pool is working right and everyone pool-less now should join it" which shows that netcode doesn't want diversity in the LTC network, which is what keeps the network alive. I would definitely stay away from this pool, their payment methods are a bit shady as well. I wasn't paid for over 15,000 shares of work (which is 3+ hours of mining) and when I asked why, they replied with "you only get paid for when you're actively mining." So if you stop mining but still have a large unpaid share rate, those shares will have all gone to waste.

Hmmm, that's an interesting scenario, thanks for explaining!

I bought 6 shares in DMS.mining today. I thought I could risk losing $1.75 in the worst case.

So can someone confirm what I understand to be true, or correct it?

When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.

And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?

And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?

It's back up for me, but Chrome just wouldn't load the page, I forget the error but if it happens again I'll write it down or something for you.

Is the pool down for others as well? Like, the front end?

Oh and flound, if I were you I'd focus on implementing the auto exchange to bitcoin feature like middlecoin is based around, more profits for everyone!