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61  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: May 08, 2014, 03:59:59 PM
Bitmine.ch Update

Bitmine.ch has released an update about their Coin Craft Rigs (of which RSM has one on order). The news is promising. If your interested take some time to read the latest news here.
62  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: May 08, 2014, 02:48:01 PM
MAY 1 Dividends Summary

Dividends

Dividends for the Month of April (May 1st dividends) are out. Summary of Divs below:
ItemAmount
Divs Total0.50000000
Shares132,000
Divs Per Share0.00000378


April Financial Summary
ItemAmount
Revenue0.07448159
Revenue Adjust0.00000000
Costs-0.59170194
Cost Adjust0.59170194
Post Cost Revenue0.07448159
Salaries*0.00372408
Salaries Adjust0.25000000
Post Salary Revenue0.07075751
Re-Invest0.06014388
Buyback0.00353788
Divs0.00707575
Divs Adjust0.49292425
Final Divs0.50000000

We had our final bitcoin payout from our Jupiter’s mining this month. This constituted our only mining revenues. Our costs were the Hosting & Salary costs from February and March as we hadn’t paid out our February costs.

The dividend from last month was paid out of the Jupiter Sale and Neptune Refund money and didn’t show up in our mining address. You can view the full list of our accounts on our 2014 Q1 Financial Statement.

Approximately 7mBTC of our dividend came from mining income the remaining 0.49 BTC came from our Jupiter and Neptune Sales. A similar breakdown (3mBTC; 0.25 BTC) was used for salaries. There is 6.7 BTC left in the Dividend fund from the sales which we plan to disperse monthly at a rate of 0.5 BTC or 1/12th of what is left in the fund whichever is lesser.
63  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: May 05, 2014, 04:16:37 PM
New Motion Up

RSM has placed a New Motion up on Loomio. Motion Text Below:

Quote
I've been following Darkcoin and it's attempt to implement a decentralised implementation of Coinjoin since the coins inception. In that time it has grown to become one of the top ten alt-coins. With daily trading levels almost reaching that of Dogecoin recently.

Darkcoin is now to implement master-nodes as part of the Darksend protocol. These master-nodes will receive a share of generated coins plus transaction fees. To operate a Darkcoin master-node the node must hold a balance of at least 1000DRK. So we're holding this motion to decide whether RSM should start buying 33.3DRK per day until we're holding 1000DRK and can operate a master-node. 33.3DRK would be bought per day for a month so that we get an average DRK/BTC price. Although I expect the the DRK rally to continue on full implementation of Darksend and the use of master-nodes.

We have a staff member who works as a professional Linux system admin to operate the node.

Info on Darkcoin - http://www.darkcoin.io/intro.html

Please head over to Loomio to vote. If you are a shareholder and do not have access to our loomio group please email chris@redstarmining.com with your relevant information and we will get you invited.
64  Alternate cryptocurrencies / Mining (Altcoins) / [DRK] Darkcoin and X11 mining calculator on: April 26, 2014, 02:16:48 PM
http://x11mining.n00bsys0p.co.uk
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 26, 2014, 01:23:40 PM
A good Darkcoin and X11 mining calculator - http://x11mining.n00bsys0p.co.uk
66  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: April 25, 2014, 07:22:41 PM
Red Star Mining 2014 Q1 Financial Statement

Red Star Mining is releasing it's 2014 Quarter 1 Financial Statement. You can download it in pdf format here or view it on Google Docs.
67  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: April 25, 2014, 12:37:10 PM


RSM plans to utilize these funds in a similar way to our past purchases. To wait for in hand hardware that we can purchase. Ideally leveraging a higher bitcoin price.


Good move. Any news about the scrypt Asics that were ordered?

Have you checked the gridseed blade? I've seen a few of them listing in here with good prices, what do you think about it?

The latest news from Alpha was on April 14th to say that they were initiating tape-out - https://alpha-t.net/news - That means that they're on schedule.  We haven't paid in full yet for our four pre-ordered >90MH/s rigs.  While they did state that they would ask for full payment eight to ten weeks before shipping.  So when we announce that we've paid in full for the rigs then that should be a good indicator on how long is left before we starting hashing.

As for the Gridseed devices well we don't think that they would ROI in coins before the Alpha's are released and make the Gridseed's unprofitable.
68  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: April 24, 2014, 07:37:33 PM
KNC Neptune Refund Received

Our KNC Neptune order has been refunded. Total refund was 102 xbt, more bitcoin than we believed the Neptunes would mine in their operational lifetime. Of the 102 xbt approximately 46 xbt is a bitcoin profit meaning approximately 2.3 xbt will be allocated to buyback and salaries with a further 4.6 xbt associated with dividends.

This is in addition to our Jupiter Sale funds allocated for Dividends, Salaries and Buybacks. With these added funds we can sustain a dividend of 0.5 xbt for over a year.

RSM plans to utilize these funds in a similar way to our past purchases. To wait for in hand hardware that we can purchase. Ideally leveraging a higher bitcoin price.

BTC in Space Going Well

Coindesk is reporting that a project RSM is an official sponsor of, the Bitsat project, has signed an agreement with Dunvegan Space Systems Inc. to launch their satelites into space.

2014 Q1 Financial Summary

It's coming! Just a few more finishing touches left and we'll have the Q1 Summary out.
69  Alternate cryptocurrencies / Mining (Altcoins) / Re: Swedish ASIC miner company kncminer.com on: April 24, 2014, 04:52:18 PM
We applied for our Neptune refunds on April the 9th IIRC and received it earlier today.
70  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: April 21, 2014, 02:35:31 PM
April 1st Dividends Summary

Dividends

Dividends for the Month of March (April 1st dividends) are out. Summary of Divs below:

ItemAmount
Divs Total0.50000000
Shares132,000
Divs/Share0.00000378

Buyback

You may have noticed that the total Share amount is lower than it was last month. That's because another 1,000 shares have been bought back off the market through our share buyback policy. This leaves us with a total of 132,000 shares on the market.

2014 Q1 Financial Statement

In accordance with our new policy we will now be releasing Financial Summaries and quarterly statements. Our next full financial statement is being prepared. We hope to be in a position to release it by April 30th although we understand that this goal may not be possible due to the large size of the report.

March Financial Summary (April 1st)

ItemValue
Revenue1.38504707
Revenue Adjust-1.38504707
Costs-1.31450612
Cost Adjust1.31450612
Post Cost Revenue0.00000000
Salaries0.00000000
Salaries Adjust0.25000000
Post Salary Revenue0.00000000
Re-Invest0.00000000
Buyback0.00000000
Divs0.00000000
Divs Adjust0.50000000
Final Divs0.50000000

We had no mining revenue this month. Last month we sold off our Jupiters and this provided the funds for the salary fund and the dividend (with the remainder to be paid out over the next months. Our "Revenues" for this month were in relation to our motion. In which we took money from our buyback fund in preparation to invest it in other places. This option at the moment is not being exercised as the price in our opinion is too low. The costs were primarily for our new p2pool

In accordance with the Jupiter sales we have exercised our an additional 0.500 BTC for this dividend with the expectation that we will pay the remainder out over the next few months with the ultimate goal of maintaining a dividend between 0.5 BTC and 1.0 BTC. Additionally we've exercised 0.25 BTC from the Jupiter Sale to the Salaries Fund with the expectation that we will continue to do so until the Jupiter Sale Salary Fund is Depleted.
71  Economy / Securities / Re: [796.com] Red Star Mining est. January 2012 on: April 11, 2014, 05:48:21 PM
PSA: 796 Post Heartbleed

796.com, the market provider for RSM shares, has re-issued it's SSL certificate (did so on 4/7/2014) and is requiring customers to change their passwords post heartbleed. Please be sure to login to 796.com and change your password. Also if you haven't done so already please also enable two factor authentication.
72  Economy / Securities / Re: Red Star Mining est. January 2012 on: April 10, 2014, 02:23:48 PM
Google+ - www.google.co/+Redstarmining

Twitter - www.twitter.com/redstarmining
73  Economy / Securities / Re: Red Star Mining est. January 2012 on: April 10, 2014, 01:58:17 PM
For new interested parties please check our home page - www.redstarmining.com
74  Economy / Securities / [796.com] Red Star Mining est. January 2012 on: April 10, 2014, 01:47:56 PM
This is the new thread for RSM shareholders and investors.
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