Once we are mining I will hold a vote on whether to issue dividends or save the profits up to buy the third 'BitForce SHA256 Single' which would take us 4 months of mining on two units (the first is being currently ordered).  Although it would take our hash rate to very nearly 2.5GH/s at today's difficulty would give us over 55BTC a month generated which should pay a 0.01125BTC dividend per share a week which are currently only 0.4BTC each in RSM.

Each share you buy in this company will give you 1.664MH/s per share which are now 0.4BTC so 4.16MH/s per BTC invested.  The best deal by far form any mining company listed on the GLBSE.

Update

Just went into RSM and changed our offer to 0.4 we don't have to sell any extra shares then but we be mining in about a week now.  I'm withdrawing the funds from RSM and selling for £3 so we can start mining 832MH/s@80W as soon as it's delivered         

Anyone who was a early investor thank you very much you will start receiving dividends very soon as soon as the first 'BitForce SHA256 Single' is delivered.  That should generate 18.5BTC a month at today's difficulty rates once we have the secound nearly 37BTC a month for £20 a electric.  So once we have the second 'BitForce SHA256 Single' has been paid for and delivered you should receive a weekly 0.0075BTC dividend per share.  You should receive your first weekly dividend at  0.00375BTC per share until the IPO has raised enough for the second unit when your dividends will double.  So the people who got in early for 0.3 their dividends will have paid for the purchased share within forty weeks once we are running two 'BitForce SHA256 Single' and not just one.  The investors who get in at 0.4BTC will have to wait 54 weeks or twelve months until the profits from the dividends have paid for the 0.4BTC share purchase.  They are some shares going for 0.35BTC if your quick!!!

If I issue 200 more shares and buy a 'BitForce SHA256 Single' single right now and being able to start paying dividends one week after delivery that would mean you would be getting 4.56MegaHash/s per BTC invested at minimal electricity costs.  That is buy far the best mining returns by any company on the GLBSE.  I would like to issue two hundred more shares and sell the funds raised now at current market rates for BTC and order the first 'BitForce SHA256 Single' you will receive your fist dividend within eight days of it being delivered.  Then buy the second 'BitForce SHA256 Single' then finally the low power netbook/nettop to run them.  I will use my personal PC until then.  Unless everyone objects I will start this plan in twelve hours time.  This new plan means you get 4.56MH/s per BTC invested at minimal electricity costs.  I think you will all be very impressed with that.

three 7970's at 2GH would easy use 1000W for the full rig so that's 2MH/s per watt.  That new BitForce SHA256 Single is 832W at 80W so if I bought two and a low power nettbook to mrun them that would be 1.664GH/s at under 200W so that's over 8MH/s per watt four times better also I could add many more to the netttop.  Plus the price for two delivered and a new netbook to run them is only £1080 meaning I can sell the IPO funds for only £3.80 instead of the current £4.32.  Also I could issue two-hundred more shares sell the funds raised at the going rate and order one right away meaning we can start mining and paying a dividend as soon as it's delivered.  Once more shares are sold buy the second one then finaly the a netbbok to run them off using my home PC until then.  Two of them boxes running on a nettop/nettbook would only cost £16 a month in electricity for 1.664GH/s.  The original plan which means holding out for £4.32 would have cost well over £50 a month in electricity generating only 1.25GH/s.  So shall I issue 200 more shares used the funds already raised and order one and start mining and paying dividends as soon as it's delivered.  The new plan get's us 1.664GH/s for £16 electricity and we can start right now or do the old plan for 1.25GH/s costing probably nearly £60 a month in electricity and keep waiting for £4.22   

A vote may be held on whether two buy two - BitForce SHA256 Single – http://www.butterflylabs.com/product-details/ - that would give us 1.664GH/s for under 200W.  Instead of the two 7970's giving us only 1.2GH/s at 1000W.  What do the shareholders think?

Cool thanks 

A Mobo, PSU, CPU and two 7970's will be purchased from the IPO funds.  I have put an order in on Intersango for £4.32 with the money raised from all the shares me and a close friend have bought.  A vote will be held when the IPO is over on whether to hold on for £4.32 per BTC or issue more shares.  I have kept everyone else's BTC raised from selling shares in the GLBSE account in case anyone decides they want to leave the project meaning I will put an order in on the GLBSE exchange to buy back all shares purchased for 0.29999999BTC if they decide to leave the project due to the change of plans for expansion.  No one's money will be withdrawn unless £4.32 per BTC can be reached or the vote on whether to issue more shares is held.

Unfortunately the PC being donated motherboard was blown.  So we are now purchasing a new motherboard but one that has 3xPCI Express*16 2.0 sockets to give easy expansion for a third Radeon HD 7970 taking our mining power to over 2GigaHash/s.  Which should generate us around 40BTC a month at current difficulty levels.  To power three cards a 1200W PSU is needed which will cost around £185 for a decent one built to last 24/7 use.  We are also buying 25W dual core Athlon CPU this should save us a lot of electricity thus increasing profits although it costs £50.  The motherboard will cost £95 the PC case and fans are being donated.  So in total the IPO needs to raise £1200 so from the 285BTC generated from the IPO we need to sell the BTC at £4.32 which is very possible.  I have already put in an order on Intersango for that price with all the money me and a friend has used to buy shares.  Once the IPO is completed a vote will be held on whether to hold out for £4.32 or issue more shares to cover the additional costs that will help us to reach 2GH/s very quickly from the two initial cards purchased which will give up to 1.4GH/s.  Also after we have three cards running in the rig I will be looking it to the potential to run USB FPGA boards off the rig.  For any of the shareholders unhappy with this I will be putting in an order to buy back all shares purchased for 2.99999999BTC and will increase the volume of that order as more shares are purchased.  So any existing or new shareholder(s) can sell the shares back at a loss of 0.00000001BTC at any time up to within a week before we start mining or the order for £4.35088 is put in if we decide after the vote to hold out for that price instead of issuing more shares.  Thank you for reading and I hope you don't decide to sell your shares and decide to buy more instead.  If you haven't already decided to get in on this new GLBSE listed mining venture then do so.  The two initial cards should give us 35BTC+ a month and once the third is added 50BTC+ a month then once we start adding USB FPGA boards who knows?
If the shareholders vote decides to issue more shares a extra 500 will be offered meaning we can liquidize the IPO funds for the hardware purchase as low as £2.85058 if I pay the first months electricity my self out of my own pocket?.  If we think a higher price than that can be reached less shares may be offered or the extra final 500 shares offered during the IPO may be at a reduced price but there is no guarantee on that so buy shares while they are still available.  Also if anyone is unhappy with the new plan to enable the rig for rapid expansion to a third Radeon 7970 then I will put an order in on the GLBSE to buy back your shares at 0.29999999BTC meaning you have only lost 0.00000001BTC per share.  I can't put an order in to buy back the shares at 0.3BTC as this would purchase the shares I'm selling.  I hope you stick with us and buy more shares or if you haven't already then get involved.  Thanks.

Just happened auto for me?  Check your spam box.

The FAQ's said they process payments several times a day and my last three payments all happened within a few hours.

Do me a leaderboard ad and a small square ad and I'll stick them on my blogs which get an average of 40 views a day.  I

I'll start adding my GLBSE blog - http://glbse.blogspot.com/ - Red Star Mining blog - http://redstarmining.blogspot.com/ - and start a broader Bitcoin blog in the - Bitcoin Newbies and Bitcoin questions hangout - group I created on CC.  I was also think of starting a miners Group with related blog on CC.  Do I still qualify for the payments being a shareholder.  If so I'd like £1 of BTC or 0.25BTC which ever is greater per decent article.  You don't have to pay me for short updates or stuff that I've copied like a long quote which makes up most of the article.

There is seventy-seven more entrants only until the competition closes.  Get in there for chance to win while you can.  Remember you must add a profile picture and some profile information for a chance to win.

I made a large deposit from my UK bank account to Intersango UK bank account and thirteen hours later the funds are still not showing in my Intersango account.  I've opened a support ticket and over three hours later still no response.  I went into chat support on IRC and after two hours I'm still waiting for any response.  Is this a normal level of service from Intersango and clearing time for a UK bank transfers to Intersango?

Well in RSM it's 4MH/s per BTC invested in the IPO  and that's if I don't decide to extend the IPO to buy three Radeon HD 7970's which are all having the GPU's overclocked to 1200MHz minimum and gRAM underclocked to 600MHz.

Well Red Star Mining RSM which I'm just starting with two Radeon HD 7970's is only 250 BTC per GH/s and that's if I only get 1.2GH/s from the two 7970's 1.44 GH/s is possible and I'm looking to expand to three Radeon HD 7970's pretty rapid.  By far the best deal for a mining company offer on the GLBSE but I understand it may seem a gamble to a lot of people as it's brand new that's why the low price.  3BTC get's you a 1% stake in the company.  Shares are being sold for 0.3BTC.

I live in the UK and get the following error message on your site -

unfortunately United Kingdom is currently not supported

A decent single rig about 1KW.  That's like x3 ATi Radeon HD 7970's with either a low voltage or underclocked CPU running off USB instead of a Hard-drive using one stick of RAM.

Sorry if this has already been asked or shown but how do you install CGMINER on Ubuntu