Glasswalker: Yello


I did some mistakes (wrong premises) at the start of the math so the model is not applicable to each glbse asset
but one can say that existing operations provide a total mining capacity (in GHash/s) value estimated nr. shares x price
this estimated value of an operation is then divided by the capacity. thus a comparison of gpu mining assets

BMMO 4000 x 0.357 = 1428 btc / 4 ghs (357 btc / ghs)
MergedMining 5500 x 0.133 = 731 btc / 1.62 ghs (456 btc / ghs; 420 btc / ghs discount for bitcoin reserve held per share)
TyGrr 1500 x 3 = 4500 btc (375 btc / ghs)

once dividends are added to the above data, P/E can be calculated.
this are roughly the initial costs per mining capacity per selected glbse asset.

but again, those social contracts are not limited in time. while btcsyn is a 1 year mining contract that might not pay itself off (some fringe configurations of exchange rate and difficulty may render this activity a non profit venture). especially since this is the last year before the mining reward halving. the relation to mining hardware in the above assets is a kind of ownership or exclusive use rights that do not expire.
btcsyn is a 12+ month hardware loan and the gpu capacity will cease to exist.

I wanted to know what's my hashing power since I do not mine myself but want to mine bitcoins badly, this is a nice match.
btw it's 216 MHash/s

those figures need to be correlated with electricity prices at the hosting location but as an initial rough guide they're what's easily available.
who would like to enter fpga mining at the quoted price, would need roughly 770 btc to have 1 GHash/s up & running. for rough estimates what's doable with ipo btc it's better than wild guessing. thinking in terms of assets, their prices, mining capacity their represent it does not require an arm and a leg for monitoring, maintenance, utility bills and ad hoc effort to keep it mining. they all are optimized for dividends but that can be easily abstracted as equal to the growth budget contributions from mining.

now it boils down to keep it profitable to raise funds for the fpga boards.
i've found my initial mistakes (as why the initial formula is not applicable for this ipo)
hope this helped to give you an insight what the numbers should represent
some of the numbers should be even comparable with the wiki mining hw comparison

plus I keep in mind the rumor that gpu's have two years to live in average
thus a 1 year mining contract should not cost 100 % of the hw but more or less 60-70 % (that's my opinion on pricing of such goods & services).

Indeed a growth oriented stock has not manifested itself. It makes the reinvesting easier

I'm interested in deterministic wallets especially how to generate pools of addresses
with the parameter range from-to
I want to have addresses generated on the server side (and not saving the private keys there), offering users unique addresses (tipping jar/donations, sales, etc) while not exposing the public keys to any network.
I found bitaddress script has some limited support for deterministic wallets but I can't use it effectively yet.

Hi, nice posts, interesting exchange of ideas. anyway I collected some math about present glbse stock

formula: nr of shares x 30d avg price / mining capacity = cost per Ghash / s (ghs)

oldest publicly traded gpu mining operations
BMMO 4000 x 0.357 = 1428 btc for 4 ghs (357 btc / ghs)
MergedMining 5500 x 0.133 = 731 btc for 1.62 ghs (456 btc / ghs; 420 btc / ghs corrected by btc reserves held)
TyGrr 1500 x 3 = 4500 btc (375 btc / ghs)

and the only comparable fpga operations
FPGA.contract 6000 x 0.359 = 2154 btc (770 btc / ghs)

without the fpga purchase would the syndicate model look sour
IPO 12000 x 0.25 = 3000 btc for existing mining gpu 6 ghs (500 btc / ghs) - way too much

but you do it differently
valuation of existing 6 Hhash/s @ 180 btc / ghs equals 1080 btc worth (shares worth 1080 btc distributed among founding members)
remaining shares valued ca at 2000 btc will go to the IPO offer

some mumbled numbers
at 500 btc / Ghash/s it would be 20 - 40 % more expensive than existing traded mining capacity
at 180 btc / Ghash/s it seems like an 40 - 60 % discount (DIY rigs vs assets at glbse)

using the FPGA.contract value as price guide, you could be able to start mining with 2.5 Ghash/s fpga
2000 btc / 770 btc/ghs =~ 2.5 ghs
this added to the 6 existing equals 8.5 ghs and 3000/8.5 = 352 btc / ghs
again very competitive price per Ghash/s as well the ratio gpu to fpga (70:30) making it an interesting mix with lower electricity bills

I'm going to read the bylaws again, check the "small print"
you published a lot of info and your model is not that straight forward as other assets (dividend oriented)

nevertheless, watching you and wishing you good luck raising 2000 btc in the IPO

... on the second look it makes more sense.

anybody willing answer few noob translation questions?
I'm halfway done with a new language but would like to check some things first (lang code, special characters in the strings),

edit: at the time of writing the OP I finished 90 % of a new language for the QT and need advice how to enter tags, which tags are allowed, which tags are reserved and how to not translate variable names, what are the local conventions.
come on! I'm not asking for a loan here.

maybe he's leeching power from parents, that would be an interesting economic advantage for mining.

your add here:

free tip: keep your contribution scarce and valuable.

wallet.dat since a certain bitcoin version stores inside the info what is the last block it has seen
so it does rescan the rest of the blockchain on start.
but older wallets need the -rescan attribute
that's why I have two shortcuts, one with -rescan for such rare cases and then the normal client launch icon

Thanks, makes sense to me. I'm here mostly for the learning experience and thus ask a lot of questions.
Seems one can always guess the number of public shares by looking at last dividends paid. I've noticed the capital raised but I did not thought about where it came from.
I was not sure if a company can buy shares back. I can understand why the operator/management would buy shares but only as a private person (aka shareholder) and the concept of company buying back public shares is kind of new.

edit: i'm curious because there are almost 50% of the shares held by the company (read not issued) thus knowing when they are released to public might (not necessary) help raise capital

i wish i had a few satoshi for every time glbse seems down for me ...
but otherwise it's great fun, experience and also the support is great (i needed it already)

and as of today 2013 feb 11 (monday) it seems to be the end of the syndicate.
it did not last a single year - see Paul's OP

founding members failed to meet their end of the loan of 6 GH/s.
what they did not fail is to claim the rights stemming from the shares (dividends and votes)

I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks

I stumbled upon the napkin with the math
total paid to 6000 shares: 13.73258085
where 4 come from fizzisist, thus rising the mining income
for that week by 40+ %

edit: the stats also look updated

I can do 43.39138713 at the moment, PM me if interested, please.

I see it on and off again. Mostly off (unreachable).

my bitcoins showed up.
problem resoled OK for me.

I redeemed a private key of 20 bitcoins today (block 166180 something)
it was swept by mtgox immediately (have a screenshot from bitcoinmonitor.com
and visually confirmed in the web site that they were added to my account)
not my first redeem at mtgox but first one that did not appear after 6 confirmations.

when I got online tonight, it was some 30+ blocks buried and still not credited.
probably a glitch on the way from bitcoin daemon to wallet

solved

indeed hiding the post was on the bottom of previous page
TYVM, good luck mining

I did not find any info on the dividend per share.
If that's not a secret, would you mind to share, please?

where do you get the alt.blockchain to start mining (if all other nodes are down?)
otherwise cool idea to mine only to confirm transactions

for me it's not urgent. as long as it's doable and I get my dividends, it can last a year.

by "that same thing happen" what do you mean? uploading password protected key pair?
uploading custom keys without password may save a lot of time in the long run. when glbse goes bitcoin mainstream this will happen probably very often