Total dividends of 0.05672046 (management fee waived) will be paid this week. I waived the management fee this week to try to help our dividends as much as possible. This week all underlying assets have improved on the news of ASICs being delivered. GMP has had a recent sell-off. We now own a share of ASICMINER-PT. This has caused the NAV per share to decrease to BTC0.72
Future Outlook - My guess as to what's to come. With ASICMINER I hope we can increase our dividends for next week. And let's get those Avalon's shipped for even more dividends.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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I just feel without some exposure to ASICMINER it will be a never ending battle against difficulty.
Unfortunately, mining is a never ending battle against difficulty. That's why most of our underlying assets have "growth funds." Regarding ASCIMINER, I would like to hear other opinions about including it in our fund. |
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Given the track record of former exchanges even the slightest bump makes me a little uncomfortable. I really hope this one isn't going the way of the dodo too...
I have confidence in Burnside. Hosting servers is his business (seriously, look at his sig). Besides, even if there is a catastrophic event, all the asset issuers have API access to all the shareholder data (and emailed twice a day just to be sure). It would be very easy to move on--this is one of the best features of btct.co/litecoinglobal.com. Have you thought about using a ramdrive to host the wallet? Should improve things quite significantly speed-wise. Obviously it should have sane backup procedures in case of power loss.
I think the only way to really resolve the bitcoind wallet problem is to move the wallet from a Berkeley DB file into a dedicated database like MySQL or MariaDB. I have no idea how other sites do this, but it would take care of the problem. |
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Expect delivery in 2 weeks.
Is that a BFL 2 weeks?  Aren't they all? I can't decide which is longer (less reliable): BFL time or Valve Time. |
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wisard recently put a group-buy of 4 Avalons (batch 3) up on Bitfunder https://bitfunder.com/asset/Win.AvalonIf the equipment is ever sold in the future, proceeds from it will be divided amongst all existing shares equally. This might fall under the category of a Mining Company. Shares issued via BitFunder do not represent equity ownership in any real-world business entity.
The shares are solely a distribution mechanism for rights to profits. But this does not. I would like to get opinions from everyone. Would MiningCo.ETF benefit from including Win.Avalon? Original topic. https://bitcointalk.org/index.php?topic=194793.0 |
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I am deciding my vote in the poll. One of the poll option is "Yes. Auction some Butterfly Labs preorders and buy ASICMINER cards.". May I know how many does "some" refers to? How many preorders do we have and how many are we planning to sell if the majority vote for the selling option?
I think it is not possible to be more specific. There are too many variables. OgNasty says it also depends on price. Later preorders are maybe not enough for the expensive ASICMINER hardware.
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all the motions they've presented have only destroyed shareholder value.
I agree that Cognitive should stick with what they got (BFL pre orders). That's why MININGCO.ETF has voted "no" on the motions. And the 10GH Asicminer Blade for BTC50 is just extortion. Freidcat knows this and can get away with it because no one else on the planet is currently selling a competing product. MININGCO,ETF has companies that are heavy in BFL (Cognitive, Nasty) and Avalon (bASIC-MINING, GMP). As long as someone somewhere gets an ASIC device, we will be in a much better position. All the latest news indicates that this will be happening soon. |
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Total dividends of 0.04877388 (management fee waived) will be paid this week. I waived the management fee this week to try to help our dividends as much as possible. This week, our dividends took a big hit. With the Difficulty increasing and only 1 5GH ASIC device mining, all of our underlying assets are trying their best to keep up. Nasty Fans also implemented a 25% growth fund this week, which will help in the long run but hurt our dividends even more. There has been a small sell off all underlying assets except GMP. This has caused the NAV per share to decrease to BTC0.73
Future Outlook - My guess as to what's to come. Cognitive currently has motions open to readjust its ASIC device purchases, including ordering a ASICMINER Blade 10GH device. At ~50 Bitcoins, it's expensive. Avalon looks to be shipping batch 2. This will help GMP and later bASIC-MINING. BFL says that they will ship "soon." So nothing new there. 
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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Remember, if COG.F shares are used to purchase the blade, as soon as it starts mining, all the those COG.F shares will be 20 new COGNITIVE shares.
It's just something else to add to the calculations.
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In the latest bid for transparency, you can now view a screenshot from NASTY MINING's cgminer on the OP.
Very slick stuff. I've also decided to switch our NASTY MINING Holdings to a vanity address. The new address is: 1NASTYfxUpKPwin7b1KTBFjeeofrLSgXDJ
Does anyone else ready this vanity address as: 1 NASTY fx Up   It's awesome! |
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Total dividends of 0.08429394 (management fee waived) will be paid this week. I waived the management fee this week to try to help our dividends as much as possible. This week, all of our underlying assets have increased in price despite that there are no major ASIC devices mining. This is mostly due to the lower BTC/USD value. This has caused the NAV per share to increase to BTC0.75
Future Outlook - My guess as to what's to come. Our dividends continue to diminish, but it is now only a matter of time before our underlying companies get going with ASICs. The question is: when BFL?
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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So who's running the trade bot on the cognitive asset?
It's not just Cognitive. |
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Why no updates has been done? Because after many delay, it was looking useless for me to announce another delay which could not be respected.
This is my only problem. Keeping us updated is paramount. You need to let us know what's going on with our BTC. Even if you posted that there is a developer delay and (now a week later) it's taking longer than you thought, etc. On BitcoinTalk, no news is very very bad news. |
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I am an Issuer on Bitfunder. I manage the MiningCo.ETF PT. If something "bad" were to happen the only way that I would know who has what is via the complete asset list of the entire exchange. (Burnside, thanks for keeping copies of this list.) This list would only give me the shareholder's Bitcoin address and how many shares are tied to each address. I don't have access to emails as I am sure non of my shareholders have chosen to share it with me. During a recovery after a "bad" event, I would have to require each shareholder issue a statement and then sign that statement with the Bitcoin address they used in the asset list. Warning to all shareholders on Bitfunder: Go to your account settings and make sure the Public Bitcoin address you used there is one that you will be able to sign messages from. If you are concered about privacy, use an address that will never have an transactions. If you are using an address from an exchange, you need to change it to one used from your client wallet (so that you will be able to sign messages with that address). |
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Total dividends of 0.09411221 will be paid this week. This week, COGNITIVE has continued its recovery. All other underlying assets have remained stable. This has caused the NAV per share to increase to BTC0.69
Future Outlook - My guess as to what's to come. Last week I mentioned that BFL has started shipping their smallest ASIC devices. Congrats to Nasty Fans for being the first of MiningCo's underlying assets to get an ASIC device mining. OgNasty is mining with his personal Jalapeno for Nasty Fans. Thank you! Now, it looks like it's only a matter of time before BFL and Avalon will deliver their 60GH devices so all of our underlying assets can really get going.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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Hopefully with the death of LTC-SILVER and BTC-GOLD, Carnth's fund will get the liquidity it needs to survive.
Just to clarify, BTC-GOLD (my fund) is continuing operations as normal. It is sad to see JohnGalt's fund, GOLD, go. But I can understand the situation. |
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Any updates on current situation with our rigs please?
Today I received the Jalapeno and it is currently hashing away for us. I also moved our equipment into the air conditioned closet and hooked it up on our dedicated electrical circuits. Enjoy the cgminer screenshot: Excellent! This is fantastic news! OgNasty, for donating your personal BFL 5 GH/s...  |
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Total dividends of 0.08685662 (management fee waived) will be paid this week. I waived the management fee this week to try to help our dividends as much as possible. This week, with the news of BFL finally shipping.... something, all of our underlying assets are recovering, especially COGNITIVE. This has caused the NAV per share to increase to BTC0.68
Future Outlook - My guess as to what's to come. With BFL starting to ship, confidence in them and mining companies heavily invested with them are up all around. However, I am still disappointed that they have only released their "smallest" ASIC devices.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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I have 194 shares of BAKEWELL.
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