I've  been thinking about this and i want to give it a try.  With the crazy price changes, I'd rather investors have the bitcoins ASAP so they can decide what to do with them.  I see no reason to hold on to all of them really.  It will work like this.  I will hold 44% of the bitcoins created everyday and will pay all shareholders daily 56% of what I mine.  After the middle of the month (when my electricity bill comes in) I will use the 44% to pay for electricity, anything left over will also be payed to the shareholders as a mid month bonus.  Simple, easy.  The only problem I could have is that bitcoins would take a death dive (isn't that all of our problems?)  If that happens the experiment is over and I'll go back on a monthly payout.

My first dividend payout will be Monday morning around midnight Eastern Daylight time.  It will be bigger than the daily because it will encompass the past 5 days of mining.

Hope you like this idea.  My ticker is SMM.

I'm open to questions and concerns.

i think this is just a natural thing that needs to happen.  The bitcoins need to be spread out from the early adopters.  Every time someone dumps 25k bitcoins, they get spread around to ALOT more people. 1 bitcoin to this guy 10 to that guy 3 to that other guy.   It can't go on forever.  So everytime you see a huge dump be happy instead of sad.  (unless its Mt. Gox or something doing the dumping then there is a problem)

Main Stream Media

You're right, I didn't read the article cause I was busy at the time and I judged from the headline.  Its on the front page of marketwatch none the less.

Get em!

I'm in a rush but saw 2 bitocin headlines in the lastest news on marketwatch.  Don't seem very positive.  But news is news.

http://www.marketwatch.com/story/bitcoin-buyers-throw-good-money-after-bad-2011-08-26?link=MW_latest_news

http://www.marketwatch.com/video/asset/bitcoin-to-burn-a-hole-in-your-pocket-2011-08-26/1FADAD1B-15D6-4250-AD7B-E62556C5D1A3?link=MW_latest_news#!1FADAD1B-15D6-4250-AD7B-E62556C5D1A3

Edit: watched the video and the guy said your bitcoins are stored in an online bank which is wrong of course.

Time to repay. 

thanks thats what I thought. 

this is great.

i'd buy right now if I had money. lol.  Everytime there is a huge sell there seems to be a huge buy to counteract.  (usually)

Is centimine over after this or are you starting again? If I bought shares and its over who would I sell them to after I get the dividend? 

More people selling than buying.

ripper don't you have that bond thats listed on there? Hows that workin out?

You could make up a fake media story, like "Brad pitt uses bitcoins".

Nope.

Craziness.

Nice call.  No technical charts, just a gut feeling.  I had the same. 

Lets not rip off one of the only girls that are into bitcoin. 

Peter it seems that it would have to go to around 3 dollars for it to be totally unprofitable. My electricity is pretty cheap here .09 per kw/h.   Remember though after the IPO is over,  30% will go back into the company to invest into companies on the GLBSE.   If the price goes that low I'm sure the difficulty will plummet also though.  As posted before I don't want the mining operation to get more than i can handle (maybe 2 more rigs).  I just want to have something stable for people to invest in.  Tired of reading threads with people wondering where the owner of the company went. lol

In my contract it says dividends would be weekly but I asked nefario to change it to monthly to avoid confusion on my end.  My electricity bill comes around the middle of the month so thats when the dividend will be.  While the IPO is still going on I wont be taking 30% to invest back into the company.

Its very late here and my brain tired but some super quick math would be 40 btc's a month, minus electricity (around $90 or so) so around 9 btc's.

31/20000 = .00155 per share.  Doesn't seem like alot, then again I'm selling the shares at .05.  (chose to have alot of shares for a lower price to add liquidity.)

Of course, as i'm sure you know any crazy difficulty, price changes, power outages, miner freezes, solar flares,  can send these figures into la la land.

Speaking of la la land I need to go to sleep, I'm sorry if this reply seems rushed.  I should have waited till morning.

feel free to email me at smokymountainmining at gmail.com if you'd like.