On the screen what do the two mhash represent
i assume the first one current mhash, is the second one highest mhash in 5 minutes? current is about 2000 the 2nd is 2030mhash and has been slowly ticking down
15 seconds and forever. forever that the program has been open or it saves in a status file? its higher than my hash has ever been though Since it started. You may think its higher than your hash ever has been, but its more accurate than a short term meter. |
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On the screen what do the two mhash represent
i assume the first one current mhash, is the second one highest mhash in 5 minutes? current is about 2000 the 2nd is 2030mhash and has been slowly ticking down
15 seconds and forever. |
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What has happend that we have
1) less hashing power this month 8759 mhash versus last month 11574 mhash?
2) less shares sold this month 2993 shares versus last month 4066 shares?
I sometimes trade one bond for another if I can get more hash cheaper that way. DMC shares themselves happened to become cheaper than other bonds, so I bought a large number of them back. mhash/share went up, however. Thanks for clarification. Higher mhash/share is good and the fact that the dividend per share doubled is a good sign of it. I am just unsure if buying back is the right thing when we want to sell shares to get the money for the big thing. Things will be back on track when Bitcoin prices stop being insane. We just crossed $10, so that might be a month or two. |
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What has happend that we have
1) less hashing power this month 8759 mhash versus last month 11574 mhash?
2) less shares sold this month 2993 shares versus last month 4066 shares?
I sometimes trade one bond for another if I can get more hash cheaper that way. DMC shares themselves happened to become cheaper than other bonds, so I bought a large number of them back. mhash/share went up, however. |
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I don't really think he makes valid points. All he does is continually remark that Bitcoin cannot build a data center,
Im saying you cant build a datacenter and profit from it (nor me if it makes you feel better), because you lack the funds, the expertise and even basic common sense. Its hard enough for people who have all three. Okay, you can claim that. Its a free country. A lot of people do not agree with you, however. or that its somehow impossible to enter a market that badly needs more competition Which market? Mining market? Mining is a zero sum game. Of course you can enter it, but very few people, if any, will be able to profit from it in the asic era, even with asics. And anyone entering it with (non upgradable) FPGAs at this hour is pretty much guaranteed to be throwing his money away. I also dont see why it would need more competition, chances are there will be way too many miners for not enough mining revenue. No, not mining. Data center space, the market is growing faster than companies can supply it. , or that solar power is not profitable, Im saying its not free power. [/quote] Good, because its not. If I produce more power than I use, it has a negative operational cost; that is not the same as free. Mining bonds aren't losers because they continue to pay out.
Like I said, you lack basic common sense. Do you really not comprehend that their payout is less than their value depreciation ? And that this will get infinitely worse if asics arrive? Yet the same would happen if I purchased the hardware: it would depreciate in value. Also, much of what DMC owns already has an ASIC upgrade path. |
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Meanwhile, in other news: Existing Solar Tech Could Power Entire US, Says NREL P4man actually makes valid points and I personally think, those needs to be addressed. Can you stop investing to mining turds? As you probably have realized by now, they are all losers until difficulty stops climbing. I don't really think he makes valid points. All he does is continually remark that Bitcoin cannot build a data center, or that its somehow impossible to enter a market that badly needs more competition, or that solar power is not profitable, or other things that aren't true. Mining bonds aren't losers because they continue to pay out. Leaving the money simply sit means those profits are lost forever, and it also locks us out of future investors because no one is going to invest in something on GLBSE that doesn't pay dividend; worse, instead of investing in DMC, people may throw their money at Pirate or BFL instead because they don't know any better. |
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cgminer dont work with BFL singles count > 13
crash
windows 7 64
BFGMiner should. If not, report a bug. Angry neighborhood bastard mod here. People keep reporting you. You have your own thread to evangelize your troll fork in, go do it in there; otherwise, fuck off. |
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It will not be impacted. What I just did was disclose a flaw in the plan: the plan is much more profitable than I originally realized. Oops.
Mine bitcoins with constant hashrate while difficulty increases by two orders of magnitude, and suffer no impact to your bottom line? Yeah, Im sure that is more profitable than anyone realizes. The scary part is that some people might actually fall for it. Difficulty goes up 2x. People pay over half a million dollars a month to lease my racks. Difficulty goes up 100x. People STILL pay over half a million dollars a month to lease my racks. So, whats the problem? LOL, so Diablo Mining Company did give up on mining, and now you plan instead to compete with a bazillion established datacenters around the globe? And you will make that work without a frigging clue when it comes to building DCs, and with the 3000 BTC you raised from the IPO - half of which you squandered already? Good luck! Did you not read the plan? This was outlined completely already. I never said I am cutting mining out, I said if mining is not our only source of income and not a majority source of income. |
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It will not be impacted. What I just did was disclose a flaw in the plan: the plan is much more profitable than I originally realized. Oops.
Mine bitcoins with constant hashrate while difficulty increases by two orders of magnitude, and suffer no impact to your bottom line? Yeah, Im sure that is more profitable than anyone realizes. The scary part is that some people might actually fall for it. Difficulty goes up 2x. People pay over half a million dollars a month to lease my racks. Difficulty goes up 100x. People STILL pay over half a million dollars a month to lease my racks. So, whats the problem? |
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Happy Dividend Day! Shares sold to date: 2993 Dividends paid out today: 39.272852185 BTC Dividends per share paid out today: 0.0131215677196793 BTC Uninvested: 1.95316165 BTC Dividends paid out for all time: 80.38743369 BTC Dividends paid out for all time per share: 0.0263581563171353 BTC Shares held total: 46 BITBOND (2.1 mhash) = 21.62 BTC (97 mhash) 324 YABMC (1 mhash) = 51.84 BTC (324 mhash) 188 BMMO (1 mhash) = 30.08 BTC (188 mhash) 21 ZETA-MINING (1 mhash) = 4.10 BTC (21 mhash) 735 TYGRR.BOND-A (1 mhash) = 121.28 BTC (735 mhash) 994 BTCMC (5 mhash) = 793.21 BTC (4970 mhash) 567 PIMP (1 mhash) = 119.00 BTC (567 mhash) 121 BFLS.RIG (4.15 mhash) = 118.58 BTC (502 mhash) 134 HYDRO.BONDS (10 mhash) = 213.06 BTC (1340 mhash) 40 PAJKA.BOND (0.363 mhash) = 4.00 BTC (15 mhash) Total investments: 1476.77 BTC Total hashing power: 8759 mhash (equivalent to 0.601 mhash/$) Approximately 2.926 mhash per share Announcements: "Bonds for DMC" now requires 3.25 mhash per DMC over last month's 3.00. The bond trading chart is available at http://caspar.adterrasperaspera.com/dmc/trade/Due to the rapid increase of the price of BTC, I am moving the share price back down to 1.0 BTC each. |
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Using existing Spartan 6 hardware in rack mountable arrangements, a 51% attack on the current network could be done in 4 or 5 racks. Our data center could end up having enough room for 2 or 3 dozen racks... and racks geared for 25-30kw cooling per rack including the 5+ 20a 120v circuits you need to power that much hardware could easily go for $15-20k/mo each.
A dozen racks would be pulling in $180-240k/mo. If we mine 2TH of coin every month at today's difficulty and sell them for $10 that ends of being $300k/mo and the difficulty is only going to keep increasing. If BFL fails to deliver, difficulty still can double by this time next year, and if they do deliver, it may go up 100x by this time next year; but those dozen racks will keep pulling in $180k-240k/mo and we'll probably have two or three dozen racks.
 What on earth are you saying? That your mining business would somehow not be impacted by a 100x difficulty increase, or that the plan is just to become a datacenter? Seriously? It will not be impacted. What I just did was disclose a flaw in the plan: the plan is much more profitable than I originally realized. Oops. |
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...Using existing Spartan 6 hardware in rack mountable arrangements, a 51% attack on the current network could be done in 4 or 5 racks. Our data center could end up having enough room for 2 or 3 dozen racks... and racks geared for 25-30kw cooling per rack including the 5+ 20a 120v circuits you need to power that much hardware could easily go for $15-20k/mo each....
I am sure I did give you a way!!!! better price quote for a rack space with all those cooling and power requirements.  Yes, and if I ever need that in Europe I will be sure to take you up on that deal. However, it is still cheaper in the long run to do it my way for now: we can pipe power directly from the green energy farm to the DC off grid (without diminishing our capacity to power the DC using the grid or sell power from the farm on the grid). Your deal still does not beat $0 (or negative if we're selling power to the grid more often than not), although I have to admit, its very nice, makes me wish I had a room full of blade servers that needed a new home. |
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22,510 shares sold of DI.BFLSC.Fail
3,837 shares sold of DI.BFLSC.Success
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Hey yochdog, happy dividend day!  |
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People believing in the future of bitcoin can just buy bitcoins and eliminate the risk of you mismanaging their investment.
I happen to think mining is a dead end, but if anyone wants to invest in a mining company, there are a gazillion offerings out there already, with actual hardware and run by people with a proven track record. If you are going to convince new investors to buy your shares at 3x market price, you will have to do better than make a sales pitch for bitcoin.
Thats the funny thing. I happen to think the same thing: mining is now a dead end, especially if BFL delivers what they promised, doubly so if they do it on time. Before the BFL announcement, but after I announced DMC's IPO is now open, I realized that for a company named "Diablo Mining Company", its kind of funny that profits from mining will probably end up being 25% or less. Using existing Spartan 6 hardware in rack mountable arrangements, a 51% attack on the current network could be done in 4 or 5 racks. Our data center could end up having enough room for 2 or 3 dozen racks... and racks geared for 25-30kw cooling per rack including the 5+ 20a 120v circuits you need to power that much hardware could easily go for $15-20k/mo each. A dozen racks would be pulling in $180-240k/mo. If we mine 2TH of coin every month at today's difficulty and sell them for $10 that ends of being $300k/mo and the difficulty is only going to keep increasing. If BFL fails to deliver, difficulty still can double by this time next year, and if they do deliver, it may go up 100x by this time next year; but those dozen racks will keep pulling in $180k-240k/mo and we'll probably have two or three dozen racks. Like I said, Diablo Mining Company is the first of its kind for the Bitcoin world: we'll be making money off of real things people pay actual dollars for, and this can only increase Bitcoin prices. |
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Inflating the NAV by using the buyback prices instead of current market prices will also only help on paper - what counts are the dividends generated, The price of these bonds reflects expected future earnings. If you are only going to look at yield, you should have bought greek debt. as 50% of these go towards growing the fund and eventually(?) building the datacenter. I still think Diablo should focus on marketing the potential DC more than the current contingency plan with mining bonds. You actually still believe that? That he will build a datacenter? With what money, and what is he going to put in it? Im not even sure he has more than 2 GPUs right now, and he stated will never buy BFL ASICs. Nor do I believe he would get the funds, who is going to buy more shares at $1 when he managed to burn 2/3 of his investors money in just a few months with nothing to show for it? Step back and think for a second. If they don't think the data center is possible, then they shouldn't be investing. No, I don't mean "shouldn't be investing with DMC", I mean they shouldn't be investing at all. Bitcoin is an experimental currency with an experimental economy that has global reach, Diablo Mining Company has a rather straight forward and tame plan compared to what Bitcoin was invented to do, and Bitcoin succeeded in doing it, I think. We, the community, made it succeed. Bitcoin itself carries much more risk than DMC does. If you're here using Bitcoin, if you're here and part of the community, then you've already decided for yourself that the risk is worth taking. I see no reason for anyone not to invest in DMC if they believe in Bitcoin. We need a company that is grown out of the Bitcoin community, one that involves itself in real world things. Most of whats on the GLBSE is either mining companies, investment funds, or pass-through funds; there is not one single company on the GLBSE that is doing something like DMC, and there needs to be. We need companies that do "boring things". Green energy production is not exciting to the average person. Warehoused computing is not exciting to the average person. Yet, both of these are billion dollar industries that employ hundreds of thousands of people worldwide if not millions. We need companies that do these boring things and go out and tell people that they are proud to be Bitcoin Grown. I envision that Diablo Mining Company will be the first of many Bitcoin Grown companies. Companies like mine will be the emissaries to the big industries out there, and we will spread the word of Bitcoin to them. When (not if) DMC succeeds, the price of Bitcoin could easily double as venture capitalists, small business owners, and startup founders flood into the market to become part of this economic revolution. The Bitcoin community made Bitcoin a success, and I think we can continue making Bitcoin a success over and over and over again. We can't stop now. |
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Hint: not many companies think its wise to pay out any dividends at all when generating losses like you are, particularly not when the goal is incredulous growth.
Hint: A lot of companies exist for some time BEFORE handing out shares instead of being crowd funded and crowd owned. Inflating the NAV by using the buyback prices instead of current market prices will also only help on paper - what counts are the dividends generated, as 50% of these go towards growing the fund and eventually(?) building the datacenter. I still think Diablo should focus on marketing the potential DC more than the current contingency plan with mining bonds. This. Also, many tech startup companies operate at a loss (mostly through asset depreciation) for the first two years of their existence. What DMC is going through is not unusual. |
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Define "appropriately". Once a month I release a list of all of our assets and their current market value. Investors are free to use this information to make decisions about their investments. It can't get any more "on the books" than this.
If you are going to pay out dividends every month, you should publish P&L statements every months, which should form the basis of a dividend payment decision anyway. Hint: not many companies think its wise to pay out any dividends at all when generating losses like you are, particularly not when the goal is incredulous growth. As for not wanting to sell your bonds, they all have buy back clauses so the issuer can force you to to sell. The price at which they can do that is above market price, but would be a reasonable price to put in your books. The issuer can force me to sell through buyback, but that effectively removes those bonds off of GLBSE forever. They also cannot selectively target mine for buyback. If the market has 850 ghash, and 100 are recalled, all that does is shrink the market to 750 and make it easier for DMC to grow faster. |
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I've got mini rigs hanging after some time with cgminer 2.6.1 so I switched back to bfgminer 2.5.1. It does produce almost 1% more rejects (cgminer had almost none 0.07%), but at least it works  . No, CGMiner has them - it just hides them from you, along with other shares that would have been accepted... Angry neighborhood bastard mod here. Go FUD on some other forum, your kind isn't welcome here. |
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As long as Diablo doesn't actually sell (and why should he? He hasn't sold IPO shares in a long time...) the capital gain/loss is only on paper and not realized.
He is selling stocks in his company, not bonds. He should appropriately (de)value his company's assets instead of pretending to make profits. Yes its "only on paper" but his entire business only consists of such paper. If you are going to keep these bonds off the books, afaik, DMC has a book value of zero. Define "appropriately". Once a month I release a list of all of our assets and their current market value. Investors are free to use this information to make decisions about their investments. It can't get any more "on the books" than this. |
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