We've now got some of the AM-V1s blades fixed and they're currently hashing at 4.745Thps with more to be fixed.  Our S3's are currently hashing at 11.6Thps and we're currently working with the host'ers to squeeze a bit more out of them.  While the Bimine rigs are still hashing away at 5.05Thps.  So as of this moment we're currently hashing at 21.4Thps.  The current low BTC prices have been hurting us though with hosting costs.

Could you send us replacements while we get our fixed RMA'd units from China delivered to you.  We're just in the process of getting the faulty units back from our host'ers.

Our host'ers have finally manged to get some of the AM-V1s working - http://eligius.st/~wizkid057/newstats/userstats.php/12EkATVUyn92hGzS67kR4aWrjwsVjixUij - they have also now finally given Chalbersma physical access to one of the faulty AM-V1s to see if we can fix them without having to RMA all the faulty units.  As we only have 4.457Thps of their 12.4Thps total hashrate working currently.  The S3's are currently pulling in ~12Thps so that means our current live total hashrate is ~21.5Thps

Most of the S3's are up.  Here's Eligius stats page which is one of the three pools we're balancing across - http://eligius.st/~wizkid057/newstats/userstats.php/15fsnnPrRdHy6qQCks559vkK1i4b786sef - All the S3 rewards should go to - 15fsnnPrRdHy6qQCks559vkK1i4b786sef - While we'll try and set all the AM-v1 miners to go to - 12EkATVUyn92hGzS67kR4aWrjwsVjixUij

Some bad news and some good news.  First with the bad news:  Due to bad management by our collocation center our first batch of miners have been sat dormant in their center since they arrived last week.  Now with the good/better news:  The collocation center has promised to have both batches up running and live on Tuesday.  So this Tuesday we should be hashing live at ~30.68Thps@28.75kW.  As we'll now be over 30Thps this would take around nineteen days on average to solo hash a namecoin block.  So we're currently planning on operating our own public P2Pool node and solo merge mining NMC,DVC,IXC,I0C and GroupCoin.  All the miners will be on the same switch as the P2Pool server so we should get some very good results.  Also by offering a public node we will be able to feed some merged-mined alts off any hashrate pointed at the node.  We currently subsidies the costs of two full bitcoind nodes which are both over four-thousand miles apart.  

Good news    our 12.4(TH/s)@13kW@BTC21.46 order arrived yesterday and we're aiming to get it in the collocation center on Monday.  Even more good news    our order of thirty Antminer S3's at 13.23(TH/s)@10.5kW@BTC21.03 has shipped so hopefully we can get that also in the collocation center next week also    So next week we'll be hashing at 30.68(TH/s)@28.75kW.

If you move to P2Pool we'll bring 25(TH/s) here.  We have half of that due tomorrow and the other half in Antminer S3 batch #5 shipping on or soon after August 7th.

RSM made need up to two more technically minded staff in the Kansas City Area.  Over the next few months depending on our growth and certain deals going through.  Any positions are always at first offered to shareholders and their friends/family.  Although if you follow this thread and are interested in the potential positions.  Then please inbox us your details.

Being able to use these miners with P2Pool is of big importance to us.  Can anyone else confirm or update their performance on P2Pool.

We have received the tracking codes for the 12.4(TH/s)@13kW@BTC21.46 purchase from - http://www.btcgarden.com - https://bitcointalk.org/index.php?topic=622439.0 -  While the 13.23(TH/s)@10.5kW@BTC21.03 purchase of thirty Antminer S3's plus fifteen 700W Plus 80 Gold rated PSU's we expect to ship on or soon after August 7th.

If we hadn't have refunded the KNC Neptune's we'd have received 15(TH/s) a couple of weeks ago.  So far instead we've used around 40% of that refund to purchase 25.63(TH/s).  With roughly half of that due next week and the reminder the week after.  While the last two network difficulty changes have been relatively the two smallest in the last eighteen months.  Plus the next difficulty change so far looks very similar.

Yes and it will continue to do so until our first lot of new gear has paid for itself plus hosting.  Then 10% of it's profits will be added to the dividend fund.  The current dividend fund contains BTC5.28092575 this will be divided by twelve and one twelfth paid out at each monthly dividend.  Our latest lot of gear currently hashing has hashed BTC7.89 since we got it in June and we paid BTC15.99 for it.  So after it has hashed over BTC15.99 plus hosting costs at 5.25kW at $0.14USD per kWh It'll start adding 10% of its profits to the dividend fund.  Which we're currently expecting to happen by December  We are not a mining bond but a strong reinvestment stock.  With 80% of all profits being reinvested into new mining hardware and the likes.  Our current reinvestment fund to purchase new gear stands around BTC75 after our second purchase which was made today.  While we've just paid for 12.4(TH/s)@13kW@BTC21.46 that we'll have a tracking code for on Monday.  Which we expect to ROI and start adding to the dividend fund between December and January.  We have also paid a 30% £6,540 deposit with AlphaT last January at ~BTC12 for some Scrypt ASIC's.  While we are currently waiting on their next incentive to get us to complete the purchase with a payment of £15,399.96.

We've just ordered thirty Antminer S3's to ship on or very soon after August the 7th at at total order of 13.23(TH/s)@10.5kW@BTC21.03 including fifteen 700W Plus 80 Gold rated PSU's.  This compares to our previous order of 12.4(TH/s)@13kW@BTC21.46 which is due to ship this Monday the 28th.  We expect this latest order to ROI before December.  So it currently likely that at least the next four monthly dividends are only going to reduce by a factor of 8.33% each month.  Until all the current hashing and ordered hashrate has paid for itself plus its hosting costs.  Then it'll start adding 10% of it's profits to the dividend fund.

Once all the new gear is delivered we'll be paying about $3,000USD a month to host 30.68(TH/s)@28.75kW plus our 200W server for us.

We're working on another deal that we're trying to get to ship today.  This time ~10.2(TH/s) which hashes at =<11.2kW for a total price all in for everything < $10.6k.  So a little bit cheaper on the (GH/s)/$ than the most recent purchase.  We are working with these - http://www.edentech.org.cn - https://bitcointalk.org/index.php?topic=680423.0  If we complete this move then this will take us up to 27.7(TH/s)@29.3kW of which we currently need to pay a flat rate hosting cost of $0.14USD per kWh.  So this would mean that we're now getting 22.6(TH/s) for roughly the price of 9(TH/s) of Neptune refunds that we would have received those units about three weeks ago at the earliest.  While the last network difficulty change was 3.08% and the next one due later today is expected to be =<8%.  So if you adjust the 9(TH/s) loss by those two difficutly changes than that'd be roughly the same as 10.01(TH/s) needed to compensate.  While the Neptune's are 25% more power efficient than our rigs we are getting over 125% more relative hashrate.  Adjusted for the difficulty changes since we'd have theoretically possibly received the Neptune's.  While this move would leave BTC87.56 in the wallet for future moves.  Although we still have a $25.7k commitment to AlphaT for their currently quoted 1(GH/s) of Scrypt ASIC's.  We feel that if they don't upgrade that hashrate or unless the BTC price starts to rise dramatically.  Then we may possibly renegade on that current deal in doing so losing our BTC12.00 30% deposit in the process.  We'd currently have to pay them another BTC42.71 if we feel we can at least easily ROI on that then we'll go through with it.  On a brighter note AlphaT should have an official update on shipping today.  So if they can offer us a big enough carrot then we'd go through with the final payment.

Four or five miners should ship tomorrow the 25th.  While the other fifteen or sixteen will ship on Monday the 28th.  They've sold out now BTW, so we was lucky to bag them.

For the pool being able to hash a block every twenty-fours on average.  So far has not been very unlucky for us, but I've seen pools get the likes of 98.9% CDF on blocks or seven blocks out of ten all >70% CDF.  That would kill our profit margins on these miners if say mmpool was to have a bad run over the first month or two we had them there.  25% of their hashrate is the most we could risk on mmpool not have average bad variance over its next ten blocks.  We already have ~1.7(TH/s) here and are thinking of risking sending another 3.1(TH/s) or 25% of our new 12.4(TH/s) here.  Maybe once our miners have ROI we could risk sending all of it to mmpool to play lady luck in there was an incentive.  If we don't ROI then we can't buy new miners being 80% of profits reinvestment. 
It's getting a bit nervous leaving hashrate here tbh.  Maybe if you had a flashy website with extra detailed stats.  Plus wanked on about merged-mining and decentralisation the pool would sell better.  Although to be honest, once we have enough hashrate to solo AuxPoW NMC blocks on a private P2Pool node of ours more rapidly.  Then we'll be jumping ship then anyway.

We should have another 12.4(TH/s) next week and we're willing to send up to 25% of that to mmpool possibly.  We already have ~1.7(TH/s) on there.

We purchased from these - http://www.btcgarden.com - https://bitcointalk.org/index.php?topic=622439.0 - for interested parties.

It's been paid for in full and should hopefully ship within three days as of now at the latest.

We've just purchased 12.4(TH/s)@13kW@$13.3k for immediate delivery.  There's a proper update coming soon.  This'll take our total hashrate up to 17.5(TH/s)@18.1kW. Of which we pay a hosting fee of $0.14USD per kWh used flat rate.

Q2 2014 Financial Statement

RSM’s Q2 2014 Financial Statement is out. You can view it online here or you can view the pdf version here.