Happy Thanksgiving! A 1 BTC Thanksgiving Dividend has been paid.  |
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Nice  hopefully in 2 weeks you can increase the dividends Sounds like a good plan. |
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I logged 243 hours working directly on this project, at a rate of $35/hour.
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The third dividend of 1 BTC has been paid.  |
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First, I will be upfront that I want most of the bitcoin holders to lose money.
You are a douchebag. |
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I'll be honest... I'm not going to update a spreadsheet daily and I think that is in your best interests. Who is to say the manually entered information isn't manipulated, incorrect, or outright fradulent? I'm all for automated solutions that can't be manually altered and I have been looking into what is possible. I'll be adding more statistics as soon as I can, although electricty usage will be a tough one (maybe a webcam showing the kill-a-watt meter?). I can add hardware costs and will do so if you'd like. The current hash rate, dividends paid, current hardware, and BTC holdings are all shown on the first page of this thread. Current BTC holdings shows the amount of NMC that have been converted to BTC (none have been converted yet) and are being held in "savings." I think having all of the information available on one thread and updated in real time is actually more beneficial than a spreadsheet located on a different site that has to be manually updated. Perhaps eventually we will have our own website with all of this information available in a sexy format. First, we need to generate more profits, which takes time.
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can we see some caculations of the last dividend of 1 BTC? why 1 BTC?
I decided on a 1BTC weekly dividend for the following reasons: 1) A 1BTC dividend would be easily sustainable with the current operation. 2) A 1BTC dividend leaves room for future dividend increases. 3) The company is still raising funds for future operations/expansion. 4) A 1BTC dividend makes it very simple for investors to gauge their ownership share in the company. My goal in running this company is to provide a reliable dividend and build value for my investors over the long term. I don't feel paying out 100% of profits is the best way to achieve this goal. |
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11/17/11 UPDATE:
After just under 2 weeks of mining we've mined >14BTC & >275NMC. During this period we had one outage due to a network failure that appeared to be an isolated incident. Things are going well.
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My point is that "if bitcoin is a traditional company with stocks at 20mil USD, it's incredibly undervalued".
I agree 100%. The thought that a private party could own every Bitcoin in existence for less than most stars are paid to film a movie is shocking. All it will take is one large company deciding it wants to utilize Bitcoin and the price will go stratospheric. On the other side of the coin, all it will take is one flaw by the development team and Bitcoin could end up worthless. |
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1x PSUs: CORSAIR CMPSU-750TX 750W
1x CPUs: AMD Sempron 140 Sargas 2.7GHz Socket AM3
2x VGA: XFX HD-695X-ZNFC Radeon HD 6950 1GB 256-bit GDDR5
How much? |
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What's the asking price? I'll give 50 100 BTC for it.
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The second dividend of 1 BTC has been paid.  |
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But, the fact of the matter is, I've never heard of anyone successfully executing a double-spend attack. Until we do hear of that happening, why are we so worried about it?
I agree. As far as the original topic is concerned, I think I would be more likely to solo mine if there was 5 times the odds I'd find a block, even if the payout was smaller. That might be good for the network to have more solo miners... |
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Well TBH if shakaru invested more than $1000 into this then IMHO he deserves to be scammed.
Nobody deserves to be scammed... Especially those that are providing capital to help others succeed with their goals. |
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I don't know if users simply haven't noticed this thread, people don't trust me, the demand is really that low.
I think it's probably the demand. I've found that people are only willing to pay about 85% of face value for gift cards and I've sold over $1,750 worth of amazon cards on this site. The reasoning is that there isn't really a benefit to anonymously buying gift cards. There is however a good reason to anonymously sell gift cards (stolen, to make an example) and that is why customers demand such large discounts on these cards. To give an opposite example, that is why I believe precious metals for bitcoins is a good business. There is a good reason to anonymously buy precious metals (scared the government will confiscate them) and selling them for bitcoins isn't illegal (advantage over selling illegal products/drugs for bitcoins). |
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The first dividend of 1 BTC has been paid.  |
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You could just mine on eligius. No account required, so anyone can see the stats without any login.
I'll look into that. I decided to go with slush's pool. Mostly because it is the original bitcoin mining pool and also happens to be the largest merged mining pool. I've also been quite impressed with how slush has handled the attacks on his pool. I added this to the first post showing our miner status:  |
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