Oct dividends paid, and they are a little higher than expected. We paid .0186 BTC per share minus our .004 fee = .0146 BTC per share to shareholders. We will be keeping fees at .004 throughout November, and are expecting a gross dividend of around .195 per share.
teek
blockminers.com
How come the expected dividend for the November rose 10 fold in just one month? Did you just omitted some decimals or added 10x more hashing power to the company? Ouch typo, thanks for correcting me dividend is .0195 expected, I will edit!! teek |
|
|
|
OP, how about a listing on GLBSE? It will be much easier to manage (it should be trivial for the storage plan) and at the same time allow lenders to put up much smaller amounts than 50 BTC. You probably already know how much you will need in storage, issue that amount of shares at 1 BTC/share (or double at 0.5 or... or...), and you just have to pay dividends (weekly?). You can even automatize the buy back if you put buy orders at 0.999. On-demand plan would be possible too.
Yep the GLBSE would work pretty good for this.. |
|
|
|
|
Oct dividends paid, and they are a little higher than expected. We paid .0186 BTC per share minus our .004 fee = .0146 BTC per share to shareholders. We will be keeping fees at .004 throughout November, and are expecting a gross dividend of around .0195 per share.
teek
blockminers.com
EDIT: typo on dividend should read .0195 per share instead of .195
|
|
|
|
Nagle, genuine question which I believe others have, but I'll frame it respectably:
Are you 100% bear, ie the bitcoin project will fall to pennies and will never regain stature, or are you just suggesting that for the mid-term?
If it's the former option, why do you continue to spend your time posting? Your tone doesn't ring of altruistic intent, so what else can it be attributed to?
OK, I'll give a real answer. I think Bitcoin is an interesting concept, and I want to see how it plays out. I also strongly dislike scams. If someone could come up with something good enough to replace PayPal or debit cards, that would be a win. Bitcoin, as currently designed, isn't it. Bitcoin, the software, provides a means for unidirectional, irrevocable money transfer between anonymous parties. This is the scammer's dream. There's almost no risk of the mark coming back with cops or a baseball bat. With no revocation mechanism, no dispute resolution mechanism, no reputation mechanism, and no enforcement mechanism, the Bitcoin world has been able to replicate, in only a few months, almost every classic financial scam of the 19th century, from John Law's bank to tulipomania to the South Sea Bubble. That's the biggest problem with Bitcoin on the currency side. It's worth watching Bitcoin to see how not to do it. Technically, I think the revocation problem could be fixed. I've suggested using a two-phased commit, where a money transfer takes place with an "authorize" and a "capture" phase. I've described that elsewhere. This thing needs something so that scammers can't scam without consequences. The speculation market is a straight pump and dump. That's why I'm down on the "pumpers". This is a zero sum game. Bitcoin generates no revenue. Frantic efforts to recruit more investors to pay off the old ones make it a pyramid scheme. I'm thus suspicious of the "BUY BUY BUY crowd". Now I'm waiting to see how the endgame plays out. I was kind of interested to see how you would respond to this.. The network / protocol in and of itself may not solve the scam problem you mention.. but I don't see that as a shortcoming OR it's responsibility at all. The protocol was built with a purpose, it serves that purpose very well. Protocols may be revised / updated for functionality, security, etc.. we all know this. What's usually more important than the protocol itself is the implementation of said protocol, how it is used in the real world. Just because the core protocol itself does not support revocation (in my opinion it shouldn't), that does not mean that entities that use this back-end protocol in their systems / applications can't support such things, it is up to the people / businesses that build on top of this protocol to make this happen. What we have here is a very experimental time where people are playing with a very powerful low-level protocol that just happens to have a fairly easy gui attached to it. How often are people exposed to such technology and such a low-level? The events you have mentioned are bound to happen in this type of scenario. Just as crazy data breaches of the 80's and 90's and even recently happened with early versions of protocols that are now in dominant use today. People should be wary of all kinds of pump and dumps, this is not unique to bitcoin. Is it going "to the moon"? Probably not anytime soon. Are people going to be "running a node" and using this back-end protocol to buy a pack of gum? I sure hope not. I don't think you're going to get to see the endgame, because you won't live that long. The concept is too powerful to be abandoned, one way or another, even if it isn't specifically bitcoin (I still think it could be), this idea isn't going away. The scam problem is really just because people are attempting to use this low-level beta protocol without fully understanding the implications. Obviously the argument has been made a bunch of times, but I'll say it again, the same thing could be said with cash, it is non-revocable, there are many other services that build on-top of cash to try to provide (badly) the same thing bitcoin does, western union for example. Try sending a WU, having it accepted on the other side, and getting that money back.. |
|
|
|
Dang it. Now I really wish I would of typed 75. My conscious was saying 73, but I was like oh well and pulled the trigger at '72' [what I thought I had entered]. Ah well >.>
Epic last second bidding war. I felt like I was using eBay. i thought i was johnny cool with the sniping, thread seemed kinda dead  i see you've played knifey spoony before  |
|
|
|
there is no pond between texas and winnipeg straight line pretty much. No NO NOOOO, Canada in on the moon. Works for me, I'm excited to get cheap video cards from trusted users. 0.0 if i had won all of them i would be fighting for this right now, but bluefire go ahead. only getting the 6970's completely screwed up my cost basis  |
|
|
|
there is no pond between texas and winnipeg straight line pretty much. |
|
|
|
i did bid on both, but if bluefire wants both, i will give them up to him. so either both or none for me, the cost of shipping 1 card from texas will kill me, i was hoping to average out over 4 cards  Shipping is included, where do you live? oh i didnt know that!! winnipeg, mb canada |
|
|
|
i did bid on both, but if bluefire wants both, i will give them up to him. so either both or none for me, the cost of shipping 1 card from texas will kill me, i was hoping to average out over 4 cards Sure, I'll take both at 52 bitcoins each (instead of 51 on 1, 52 on the other).  ok sweet, better luck for me next time. |
|
|
|
OgNasty 71BTC(183.18USD) 5970
Bluefirecorp 34BTC(87.72USD) 6950
Teek 2X52BTC=104BTC(268.32 USD) 6970
Teek bid on both? Not just 1? When I put it in (), I meant which card I was bidding on (because I saw you had 2 cards up. Ah well edit: Actually, if you look at his post, it does make sense he was bidding on both, but he didn't say 52 each, only total >.> *really trying hard to get these cards* please take them both if you want. |
|
|
|
i did bid on both, but if bluefire wants both, i will give them up to him. so either both or none for me, the cost of shipping 1 card from texas will kill me, i was hoping to average out over 4 cards |
|
|
|
|
where are these shipping from?
|
|
|
|
|
5970 - 70
6970(2) - 52
6950 - 33
|
|
|
|
Ben I will put something together asap, is there anything specific you think I should include that would help? teek I would be happy to evaluate such information and decide whether I vouch for you or not. Encrypt the information with a password of your choosing. Send the encrypted information to my email address - benny.walsh@gmail.comand PM me on this forum with the password you chose. I will need to see evidence that you are any more trustworthy, competent, experienced and/or professional than Tawsix. Why should I invest in you ? I will need to know significantly more about you and what you offer. You still aren't listed here - http://companies.herokuapp.com - even though that was pointed out to you more than 2 weeks ago. At an absolute minimum I require every section completed in a company listing. You still haven't posted your bylaws at the address in the contract - even though that was pointed out to you more than 2 weeks ago. These are not the behaviours of a professional who is seeking investment. Hi Ben, duly noted. I will see what I can do about clearing those items up in the coming weeks. Honestly I gotta say, the information listed for the bulk of the companies on that directory, is very incomplete, and is basically no more than I have provided on this forum thread (yes there are some exceptions, LIF maybe a couple more). We find ourselves in an awkward position due to the nature of the GLBSE, we are kind of forced into this limbo quasi-anonymous land because of ridiculous laws. While our business is 100% on the up and up, I find that revealing too much about it / us bares a level of risk that has to be dealt with delicately. What I can tell you right now is this, we have dozens of GPU's currently mining in a few locations. We are currently renovating our offices, and actually just yesterday got the power and conduit in our new server room installed, panel and plugs wired up, etc. I'd be happy to provide pictures of it, and will be putting pictures on the new website when things are buttoned up. Construction has taken a little longer than anticipated, so we are kind of in a holding pattern. Not to mention, blockminers is the smallest of our ventures, so yes, it does take a backseat from time to time. The facilities, server room, etc, are for our primary business and that business does have to come first. However, that doesn't change the fact, miners are mining, shareholders get 1 mhash, and we are currently only taking a fee that does not yet even equal the cost of power. In the past, we have seen mining companies come on GLBSE, and ask for a IPO basically starting from GPU0. We've had dozens of GPU's going since June, there is value here. The hodgepodge of miners is currently at our homes, and around the office, running various miners (linuxcoin, guiminer, etc). Right now it is fairly inefficient, due to how it is laid out however the plan is once we can actually move into the new server room, we will consolidate everything, run BAMT, etc. We have network admins and developers on staff and a webdev / layout / UI guy just joined our team on a trial basis this week. His 3rd task on the list is blockminers new site... we hope to be providing some nice stats etc on the new site. On the new site we can put out financial statements etc, if we decide that we will be offering shares of the company. Right now, we do not, because the shares do not represent ownership of the company, the company remains private. You seem to be quite involved in the GLBSE community, i'd be happy to provide evidence to you if you would verify in the public forum that you believe we do, what we say we do as long as our actual communication remains confidential. If you have any other feedback i'd love to hear it! teek |
|
|
|
Quick update with some pics (sorry for bad quality, taken on my berry) Office re-location  New server room and power  Power again  Bunch of radeon boxes  some random miners    I didn't get a chance to take pictures of even close to everything, other miners are inside random office pcs and at houses etc for now.. I will take some pics of the new server room when it is populated with our equipment and miners.. |
|
|
|
|
Show Posts
