How much do we have in the bank?

This is pretty common in the securities world.
Here is an example of a 10 for 1 split:

Before split
You have 25 shares. Each share is worth 1.00
Total value: 25.00

After split:
You have 250 shares. Each share is worth 0.10
Total value: 25.00


You don't gain or lose any value during a split. But the result is that shares are now "more affordable."
<Speculation>Usually after shares become more "affordable" more people generally tend to buy.</speculation>




I will be taking a deeper look into this. It certainly would diversify our portfolio.



Thanks for the kind words.



This is all true. The original Nasty Mining asset (from GLBSE) was a mining company where the shareholders owned the equipment.
Today, it is a "fan club" exactly as you say. It is structured this way to avoid any potential regulation issues.


Thank you very much.

Total dividends of 0.20818809 will be paid this week.

This is about 0.00120340 per share with an instant annual dividend yield of 7.11%


GMP is slowly recovering, but all other underlying assets have skyrocketed on news that Avalon and BFL continue to ship. Especially bASIC-MINING since it has received TWO ASIC devices in one week.

This has caused the NAV per share to increase to BTC0.88

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It certainly has been busy.
MiningCo.ETF has never seen so much action in a week.

With good news on Avalon and BFL delivering, underlying assets are doing well dividend wise. bASIC-MINING almost doubled in value after they received their first Avalon, and then it almost doubled again after getting their second.

We have all been waiting for the ASICs to be delivered "soon," and it looks like it is finally here.

I have updated the historical values on the spreadsheet and included historical entire NAV and outstanding shares. I hope the extra performance data gives a little more transparency. Plus I think the graphs are cool too.

In case anyone overlooked, the spreadsheet also contains a Dividend Ledger sheet.
There you can keep track of all the dividends accrued, payouts, and fees collected.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.
[/quote]

You are correct that MiningCo.ETF's asset contract specifies where ownership of equipment lies with the shareholders.
I'm not opposed to new assets to include in the fund but HIM would require MiningCo.ETF's asset contract to be changed. And that would mean a Motion.

Any other MiningCo.ETF shareholders interested? Would you vote "yes" to allowing underlying mining assets where shareholders do not own the equipment?

I originally put "shareholders own equipment" in the contract because it gives some inherent value to the underlying asset. The asset is valued for the equipment and the dividends it generates.
Other mining assets can only be valued for the dividends they generate. Which is not a bad thing. But that's the difference between a mining stock and a PMB (perpetual mining bond).

I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).

The mining power we now have more than covers it.

I demand MOAR pics.

And I also want to throw out Fireduck's Horrible Horrendous  mining pool again. I say we give it a week and see how it goes. Lower fees are nice.

After thinking it over: Shareholders may not want to go that route. 

Only OP can  ... or mod.

Creativex, while we are throwing out pools, have you considered:
The Horrible Horrendous Terrible Tremendous Mining Pool

PPLNS, with user defined share difficulty. The higher the diff, the lower the fee. Plus if you find a block, the pool splits half the TX fees with you.

After thinking it over: the only problem is, it's a smaller pool so there will be some variance. 

You can purchase MiningCo.ETF pass-through shares on Bitfunder.
MiningCo.ETF is a fund that holds shares in bASIC-MINING, as well as others.

Details here:
https://bitcointalk.org/index.php?topic=134389.0

It has been a very unique series of events that occurred one right after the other.

Here's what happened:
Before I made my weekly dividend post, I removed the fund's sell wall from the market. I don't normally do that, but I did this week. I did this because the NAV went down I wanted to give a chance for the other shareholders who are selling to lower their price first.
Next, I made my weekly dividend post.
Then bASIC announced that they received their Avalon.
I knew this would have a drastic effect on the price, so I checked the latest price and updated the spreadsheet with "last price" instead of the usual 7 day average.
All the while, I still did not restore the buy wall on btct.co or Bitfunder.
There was no intent for MiningCo.ETF to front run as MiningCo.ETF never had any shares up for sale.

Ironically, between your post and now--there has been so much volume on bASIC-MINING that the 7 day average price is actually higher then my spreadsheet.

The usual sell wall will be restored in the next couple of hours on both btct.co and Bitfunder. And they will be priced as usual using the NAV calculated with 7 day averages from the underlying assets.

LTC mining?

Yes, I saw!

Next we need GMP.
Then BFL needs to deliver to Cognitive and Nasty and the our divs will soar..

I'm glad someone was there too.





Ya damn right you'll post some pics!    We love mining device pr0n.

Total dividends of 0.20912003 will be paid this week.

This is about 0.00150446 per share with an instant annual dividend yield of 10.160%


GMP dove this week due to some heavy profit taking. Nasty Fans is holding steady, while ASCIMINER-PT and bASIC-MINING are steadily increasing.

This has caused the NAV per share to decrease to BTC0.77

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Future Outlook - My guess as to what's to come.

Glari Mining Project announced that it has purchased 3 KnCMiner Jupiters. The Jupiters report to be at about 350GH/s each. This good news should help the price recover, but getting the Avalon to start mining would help more.

BFL announced "Chip Credits" that will add capital to Nasty and Cognitive. Again, it would help more it BFL would actually deliver the ASIC devices.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.

I release shares in small batches. After those are sold, the market sets the price. Some people are content with holding shares and set lofty prices.
More will be released until a bar is completely sold. Is there is demand, another bar will be added to the inventory and sold. 

Total dividends of 0.2009091 will be paid this week.

This is about 0.00144539 per share with an instant annual dividend yield of 9.28%


Nasty Fans took a hit this week despite this week being it's birthday.
All other underlying assets are holding steady

This has caused the NAV per share to decrease to BTC0.81

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Future Outlook - My guess as to what's to come.

For Nasty Fan's birthday, OgNasty added an ASICMINER USB Block Erupter, and participated in some group-buys of KNC Miner and Metabank Bitfury. Let's hope this pans-out to more dividends.

This week I started to post a little more info about our dividends (thanks bitzox).
The div per share and yield should be more useful to everyone who holds shares.
The "instant annual dividend yield" is calculated this way:
(This week's Dividend per share) / (This week's share price) * (52 weeks in a year) = Instant annual dividend yield

If you are interested in more dividend yield information (such as 30, and 90 day averages) please go to the asset page on btct.co and click on the History tab.

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MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder.

I won this jackpot too!

Sounds like you need a private club.
Just get a website and it's invite only. To see anything you need to log in.

Make it so that there is no way to sign up. Just create accounts manually and hand them out to trusted investors.

The Bullion Inventory now has relevant links to the forum topic where photos of the bars can be viewed.

It's one of the reasons I manage the fund openly. The spreadsheet has all the numbers anyone needs to make any calculation regarding performance.

I'll see about adding some more numbers on next week's update. And if I forget, just remind me.