Eh, same story for all assets. I really don't know. Faucet users who intend to slowly grow something without ever putting a penny in?

They've been distributed except for S.DICE, pending payment of dividend on MPEx.

True, but there's indeed many sections missing as he pointed out. Only they would be filled with zeroes in our case, except for assets holding as I said. I'll start keeping track of hardware held if we start having more servers or when servers start breaking.

Statement for June published. The debt backlog was cleared and we managed to go get a small dividend out this month. 4 BTC dividend, or 400 Satoshi per unit. Full dividend expected starting next month. (A portion of profits will be held aside on each month's profit for future large expenses. As usual, you will be able to see the current reserves at the end of each monthly statement. As before on MPEx, at least 1/3rd of profit will be paid out each month.)

Well first dividend since it got out of MPEx. Albeit honestly, not sure why it's so high. This is not the official thread however.

Looks like not many people concerned with this thread are actually talking about this. I guess not many people kept their receipt. And honestly, I knew of only one other holder, which totaled almost all of the GIGA.ETF. Rest might not have saved any receipt at all to start with. Thanks for honoring based on MPEx receipt, I'll claim too then.

I'm not sure anyone knows where or what he is doing currently.

I don't quite see how it can be claimed it's a change of contract. Demanding documents and identification during a claim process would fall outside the scope of the contract itself. It's not pertaining to the execution of the contract itself, but the identification of the recipient. He's currently generating and holding balances for every contract recipient, waiting for owners to claim said amount. One does not blindly delivers and Gigavps decided not to trust data provided by Nefario. I don't really agree with the decision and find the affidavit excessive, but not trusting Nefario is reasonable.

When was contract ever changed?

https://coinroll.it/user/f371-7eeb-d879

Your account is in the negative and was last active on the 16th of June. Timestamps and stats on your screenshot are forged.

Erhm, law applies to any contract/transactions, whether it is in fiat, Bitcoins, barter tokens or any commodity. I wouldn't say it's meaningless when it comes to the law.

What is this about fiat currency being involved?

Well that's a bit exaggerated. There is but one hoop, getting an affidavit. And it's not possibly get some money back, it's been established he will pay all pending payments since GLBSE closed and so far is still paying out the mining proceeds weekly.

So far he's been providing as per contract hashing proceeds to anyone who has sworn before a notary to be the rightful owner of his gigamining hashing contracts, with ID. I do believe fixed hashing contracts have been an absolutely bad deal and I don't fully agree with the way it was handled, but as far as I'm concerned, Gigavps is fulfilling his 5 mhash/s contracts.

Those report sheets contains numbers for all we have, except the servers. There is no extra assets, no extra funds, no extra debts, no extra obligations. I know some businesses have a wide list of debts, obligations and assets, but at our size, we only have those servers which we colocate and the cash balances (or if negative, debt to us for expenses we had to cover ourselves.) Those reports are a 100% accurate portrait of where BitVPS currently stands. There is nothing else to show. Just month to month expenses/sales and occasional extra purchases like hardware. With added BTC/USD conversion and rates for extra transparency, as well as all purchases well detailed. This is already more than most around here do.

If I made any more complex reports to list the kind of things you pointed were missing, I'd be adding extra sections filled with zeros.

That's a rough question, considering there's multiple plans available and each user don't use the same portion of their limit. I honestly don't have a clue. Try asking arij in BitVPS's IRC channel, he can probably give a rough estimate.

The statements contain 100% of all BitVPS has, other than listing the owned equipment. There's absolutly zero of the stuff from that link that can be added. There's nothing more. We don't have assets other than servers, we don't have any liabilities, all expenses and BTC/USD conversions are list. What specific info do you want? Those statement not only provide the balances BitVPS has, it shows all the credits/debits from month to month.

I have absolutely zero extra data available to add, other than a list of equipment currently owned.

What exactly are you looking for?

They were not funding shares, they were profit leases. RG could have spent the money however he liked. He had 100% of profits and decided to sell rights to profit. All 1'000'000 units are issued and active from the start. I have no idea what happened with whatever funds he raised either and it doesn't matter, he wasn't selling ownership in a funding round, he sold rights to profit, with 1'000'000 non-voting units with rights to 1/1'000'000th of profit each, all owned by him personally and active.

They're not common stock, there's no treasury stock, nothing. Just rights to 1/1'000'000th of profit. Otherwise profits would be split between outstanding shares instead of being given a fixed portion of profit.

The only assets are servers + current balances. It's all BitVPS possess currently.

Because it's not stock, it's profit rights. It's a continuation of what RG started.


The balance sheet is right at the bottom of reports as a balance or debt. Shareholders equity is 1/1'000'000th profit shares/unit. Not sure what more you want, I don't have anything more to put on there. The servers are not listed but they're all in expenses on one of the reports.

The bigger the bets and the fewer they are, the higher the chance of being by far over or under your initial amount.

If you do 100000 small 0.00001 bets, it's much more likely you will have lost ~1% of the amounts gambled.

Indeed, it varies a lot from month to month.

Report is now available on BitVPS website.