You people tought I will go to war naked, don't you? If you take time to check my post history, as you all should, you will see that I tried the same thing with the mini rigs, but I stopped because of the ASIC announcement. If you run the numbers, that is not competition, it is just dust in your eyes. LOL. Your numbers are way off, you are not mining yet, you have no hardware and you will not pay dividends any time soon. Your only intention is to push mining bonds prices down, so you earn as much as you can on shorting them. Looks like the shorting does not go as well as expacted if you don't have mere 8 BTC for IPO Wow. You hit the nail on the head. I didn't even realize it until you said it but yes, ciuciu is the one shorting mining bonds, isn't he? *facepalm*
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Thanks! I'm always open to colaboration or competition. Haha, I was just about to start something similar, but you woke up before me If there is enough interest I can start a similar fund. Best of luck!
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Please send a PM first with the amount you are donating. How do you know who send which donation?
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If you run the numbers, that is not competition, it is just dust in your eyes.
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They bought an announcement on Yahoo news. They posted also in the forums: https://bitcointalk.org/index.php?topic=87934.0I have been unable to find an official announcement from Butterfly Labs that is both credible and verifiable. Can you please provide a URL hosted on their domain with the appropriate news announcement? Until then, I would urge caution with regards to this Internet rumor whose veracity is in question with an unverified source as it may be a hoax aimed at causing people to devalue their mining shares/bonds, equipment, etc. in an attempt to get them to sell them at a lower price. Also, someone should let Butterfly Labs know about the press release since if someone is using their name without their consent then Butterfly Labs may want to proceed with legal action as there are several actionable torts if that is the case.
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The price on title is in USD, if you pay attention. This is because the price of BTC is very volatile this days. You are right there is no business plan, because this is not a business, it is a COOP. Regards. I'm going to have them on GLBSE as soon as I get donations for the 8BTC fee, I think is best to have the funds on hand, as to assure order frontline. I will spend only the BTC needed for one unit, the remaining will be returned as divident. Interested !
I'm guessing you will wait selling the bonds until BFL actually takes pre-orders....
5000 Bonds @ 1 BTC ia already way over the supposed cost price of the SC Miner
I don't understand your business plan. You are taking donations for the 8BTC listing fee, really? Ok, so your goal is to sell 10,000 shares at 0.03. But "For the begining 5000 shares at 1BTC each will be sold." This does not make sense. "I setup a donation address for the 8BTC GLBSE fee: 15JLZpaYkXB942SoczNvHsXBsEJ8fcTA44 http://blockchain.info/address/15JLZpaYkXB942SoczNvHsXBsEJ8fcTA44First donors will get priority for buying shares." .......I've been watching your issues and I don't mean to be rude, but this doesn't look like a solid business plan. You can't even place an order for a SC yet. Delivery might be over 6 months away. Assuming you fully IPO investors won't see a return for over 6 months. I think that you should wait before you do this.
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You totally misunderstand the notion of COOP. I do not get any profit out of it, except for the shares I buy. For this, all expenses should be paid by the COOP members. Anybody is free to go at it by himself, or to pay ten times for mining bonds. Nobody will give you a better offer. If they do, please let me know. I do not want your money now. You can buy them at your convenience, if still available on GLBSE. And after all, competition is good for consumer! Let's see...
a) You're not willing to risk 8 BTC to start your IPO. b) You want the money NOW even though the product release date is at some indeterminate point in the future.
Hmmm....
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I'm going to have them on GLBSE as soon as I get donations for the 8BTC fee, I think is best to have the funds on hand, as to assure order frontline. I will spend only the BTC needed for one unit, the remaining will be returned as divident. Interested !
I'm guessing you will wait selling the bonds until BFL actually takes pre-orders....
5000 Bonds @ 1 BTC ia already way over the supposed cost price of the SC Miner
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I think you are part right. For this I opted for a cooperative. You only lose what you can afford. But also, without some risk you can't win. To each his own. just my 2 cents:
I think its to early right now to put my all money in into a preorder. It'll be a loooooooooooooong time until you see a working product.
There are many reasons: - It's impossible right now to calculate your ROI on this investment right now (to many unpredictable factors like difficulty/competition/btc value) - You have no clue when BFL is going to deliver - A competitor could even deliver ASIC products month before BFL does - A competitor could even sell and deliver ASIC products for better $ per mh/s ratio - BFL could even go broke and your money is lost forever - A rise in exchange rate per BTC will decrease the value of your stock - even before you get startet with mining - There is a little chance that hash algo could be changed and make ASIC products worthless in order to protect the network (if BFL stays the one and only company on the market which produce ASIC)
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I setup a donation address for the GLBSE fee: 15JLZpaYkXB942SoczNvHsXBsEJ8fcTA44
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So, it should be around 750W for the unit. 2.5w
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No numbers yet. The electricity cost will be deducted from the weekly earnings. Those numbers are looking hot, any news on power usage?
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They usually require advance payment. What will you do with those BTC until BFL can deliver somewhere next year?
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12/07/2012 500 shares of ASIC.COOP have been sold. Thanks to all investors!The IPO is now listed on GLBSE, under the ticker ASIC.COOP.[/b] https://glbse.com/asset/view/ASIC.COOP This is a project to buy the new announced ASIC miner from Butterfly Labs: BitForce SC Mini Rig 1TH/s, priced at $29,899. http://news.yahoo.com/butterfly-labs-announces-next-generation-asic-lineup-054626776.htmlYou are buying shares in this unit so you own part of it. This provide piece of mind for future upgrades, but it also means that if the unit breaks we lose our investment. I will operate the unit at my location. The weekly cost of operating the unit will be deducted from the earnings and the rest will be paid to the shareholders. For the begining 5000 shares at 1BTC each will be sold. Here is the IPO description for our COOP: ASIC Miner COOP is a stock pool with the intention of acquiring ASIC (Application Specific Integrated Circuit) Bitcoin mining equipment. Our goal is to become one of the first in the market to begin mining operations based on ASIC technology, and to give the opportunity for investors to benefit from this technology.
The projected cost of mid to high level ASIC equipment can effectively block many small to mid size mining operations from acquiring these assets. ASIC Miner COOP will offer the ability for these operations and individuals to own dividend bearing stocks and voting rights in an ASIC mining operation. Butterfly Labs™ has stated in their ASIC FAQ that projected availability will be in October of 2012. This information is subject to change and while ASIC Miner COOP has no control over order and shipping dates, the voting structure of the COOP will allow investors to take part in the decision making of the COOP. This structure allows the COOP flexibility and the ability to react to a changing market.
Pre-order investment funding will be placed in an interest bearing account at 1% weekly. The investment funds will be allowed to compound weekly, until the purchase order is placed with Butterfly Labs™ thus giving COOP and in turn the stockholders an immediate benefit above and beyond share pricing. If at any time it appears an adverse condition will occur with the acquisition of the ASIC equipment during the pre-order stage, a vote will be held to decide if liquidation or investment in other technology will occur.
Dividends will begin to be paid out after mining operations have begun, with all shares having equal standing. The COOP does not charge any load, and only operation costs are deducted from mining proceeds.
Decisions about investing part of the profits into interest bearing instruments to allow the COOP to invest in expansion of the operation will be done by a majority vote of the stockholders.
Addon: If the operator becomes unable to maintain the unit, he will transfer the unit to another member of the COOP after seeking shareholder approval.
IPO description proposal done by dreamwatcher.Please discuss! I setup a donation address for the 8BTC GLBSE fee: 15JLZpaYkXB942SoczNvHsXBsEJ8fcTA44
http://blockchain.info/address/15JLZpaYkXB942SoczNvHsXBsEJ8fcTA44 Please send a PM first with the amount you are donating. First donors will get priority for buying shares.
Donors (not including myself): pekv2 - 0.1 BTC locust - 0.25 BTC DutchBrat - 1 BTC dreamwatcher - 8 BTC
Donations are closed we have the amount needed.
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Confirmed
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Shares received. Thank you. Hi,
these are my terms and conditions for our deal discussed per PM
3 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 350 Puremining bonds get transferred to your GLBSE account. 2 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 200 Bitbond bonds get transferred to your GLBSE account.
Double the amount of any dividend these Puremining and Bitbond bonds receive goes to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c within 24 hours of that dividend being paid out by Puremining and Bitbond.
At any point of time you are allowed to send back any amount of these 550 bonds to my GLBSE account and pay proportionally fewer dividends from that time on. If howeverPuremining and Bitbond paid dividends, but you are within the 24h window, you still have to pay the doubled dividend, even if you transfer the bonds back in that window (basically: double any dividend you could have gotten, regardless if you still own the bonds or not).
I reserve the right to cancel this agreement and demand to have some or all 550 bonds transferred back to my GLBSE account within 28 calendar days (not 28 business days, but calendar 4 weeks) which are starting as soon as this demand is posted here in this thread by me. As long as the shares are not in my possession, you will still have to pay double dividends though. The 5 BTC transferred up-front will be returned within 24h once the bonds have been transferred back to my GLBSE account.
All payments have to be made via transactions, not via GLBSE transfers, because then they can be verified using the block chain. Should some rules above be broken (which is easily verifiyble for anyone using publicly available information) I reserve to take actions including, but not limited to, asking for freezing the GLBSE account where shares were sent and/or being reimbursed in shares and/or bitcoin from the receiver of the shares.
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We have an agreement. Hi,
these are my terms and conditions for our deal discussed per PM
3 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 350 Puremining bonds get transferred to your GLBSE account. 2 BTC up-front to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c, then 200 Bitbond bonds get transferred to your GLBSE account.
Double the amount of any dividend these Puremining and Bitbond bonds receive goes to 1GBjchEkY3aKY9MEBjUukXg4eMmMMiKj3c within 24 hours of that dividend being paid out by Puremining and Bitbond.
At any point of time you are allowed to send back any amount of these 550 bonds to my GLBSE account and pay proportionally fewer dividends from that time on. If howeverPuremining and Bitbond paid dividends, but you are within the 24h window, you still have to pay the doubled dividend, even if you transfer the bonds back in that window (basically: double any dividend you could have gotten, regardless if you still own the bonds or not).
I reserve the right to cancel this agreement and demand to have some or all 550 bonds transferred back to my GLBSE account within 28 calendar days (not 28 business days, but calendar 4 weeks) which are starting as soon as this demand is posted here in this thread by me. As long as the shares are not in my possession, you will still have to pay double dividends though. The 5 BTC transferred up-front will be returned within 24h once the bonds have been transferred back to my GLBSE account.
All payments have to be made via transactions, not via GLBSE transfers, because then they can be verified using the block chain. Should some rules above be broken (which is easily verifiyble for anyone using publicly available information) I reserve to take actions including, but not limited to, asking for freezing the GLBSE account where shares were sent and/or being reimbursed in shares and/or bitcoin from the receiver of the shares.
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