If we go ahead with the purchase of five 50(GH/s)SC's and the KNCMiner Saturn.  It'll mean increasing shares in RSM from ~63,000 to 120,000.  But our hash rate will increase from the current 180(GH/s) to 630(GH/s).  With share value going from the current 2.818445158(MH/s)per share to 5.25(MH/s)per share.  So there'll be an addition of around 100% to the dividend fund come October.  With the reinvestment growth fund rising from 160(GH/s) to 560(GH/s).  The newly created 56135 shares will be held in a holding account until all the new equipment is received.  With the dividends received by these new shares used to buy shares off the market until they're distributed amongst the new investors.  This should help stimulate RSM's price.  Are they any investor concerns about this new expansion plan.  Is it needed to put up two separate motions for both the BFL and the KNC expansion plans.

Fingers crossed with help of a friend of mine (and the other pledges) we may have enough to soon pre-order five 50(GH/s)SC's.  This will mean 110,000 shares in total (with the 36,135 new shares to be held in a holding account until delivery) and a hashrate of 430(GH/s).  Or up to 3.909090909(MH/s)per share from the current 2.818445158(MH/s)per share.  An addition of 72.1% to dividends and the growth fund come October.

At current exchange rates this means new investors to this expansion issue will be paying BTC0.002193593 per share while the current thirty day traded average price is BTC0.01869.  But this new investment will grow output and add an addition 72.1% to dividends and the growth fund come October.

We should have the £1,600 around Wednesday and'll speak to my other major investor friend probably on Monday while all the rest is pledged.

More pledges are welcome as we have 25% discount of the whole order.

We have also been offered a 28nm KNCMiner Saturn for shares.  This would mean at least an extra 200(GH/s) to take us to 630(GH/s).  These shares too would be held in a holding account until the Saturn is hashing.  Plus it'll increase (MH/s)per share handsomely but that is a separate motion for another time.

If we can raise at least another BTC10 we may be able to pre-order four 50(GH/s)SC's in total.  Taking us to 380(GH/s) over 100,000 shares.  Up to 3.8(MH/s)per share from the current 2.818445158(MH/s)per share.  Or an increase in dividends and therefore the reinvestment fund of around 30%.

To make the motion sweeter for old investors I may put to the motion.  That the new 30,000-40,000 new shares will be held in a holding account until the new ASIC's their paying for are hashing.  With all the dividends received from the 30,000-40,000 new shares while there held be used to buy more shares off the market until all the new shares are distributed.  This should help stop any mass dumping of shares until we have got a lot of hashrate behind us and help stimulate share prices as well for all investors.

BTC25 promised so far and I'd like to ask all the investors in this expansion to hold and not sell any shares.  Until a month after hashing on the new equipment they're paying for.  Which should be around November as BFL aim to be shipping next day by the end of September.

So far we have been offered BTC15.00 towards our expansion plan for discount shares.  Plus the other £1,500.  All investment is welcome as we have a 25% discount voucher for the whole order.  It may instead help lower what's needed for me to invest.  As my exposia in RSM is currently 25% of all stock.  With 23% of that purchased myself privately from the exchange.

We need about £3,750 to pre-order three 50(GH/s)SC for delivery in October.  I've currently got a new investor trying to raise £1,500 to invest in RSM.  If I can match his investment possibly then we need to raise around £750 to buy three.  Around 30,000 shares will be shared over the £3,750 of investment.  The 25% BFL discount voucher which enables us to buy three SC's runs out in a couple of weeks.  This deal works out at buying shares for BTC0.002055921 each.  Which is a massive discount if you're interested in helping us raise the funds.

If the dividends will increase by 25% so will the reinvestment fund.  Meaning we could also grow faster.  If I can match their investment we only need to find around £500 of extra BTC to be able to purchase three 50(GH/s)SC's.  But I do have some very delicate family matters to deal with ATM.  So cannot guarantee my extra investment 100% yet.  The 25% BFL discount voucher is only valid for a couple of more weeks.  So we'll need to find the extra £500 pretty quick if this expansion plan does go ahead.  Any offers of funds for discount shares?

Hopefully we'll be hashing very soon.  I may got someone to invest £1,500 and if I match their investment for payment in new shares then we only need to find ~£500 to purchase three 50(GH/s)SC's.  This will increase RSM shares from ~63,000 to ~93,000 and will increase hashrate from 180(GH/s) to 330(GH/s) and shares from from 2.818445158(MH/s)per share to 3.548387097(MH/s)per share.  So it'll make the shares more valuable and increase dividends per share.  So we may be looking to find extra investment of around £500 of BTC for discount shares.  If anyone is interested.  So even tho ~30,000 extra shares would be created hashrate per share will increase by at least 25%.  So dividends and therefore share price should both increase by 25%.

I'm not sure if that's possible yet but its bitcoin friendly.  Flattr is about micro-donations with subscriptions if chosen.  The BTC0.0001 minimum transaction fee makes donations below BTC0.0050 pretty much pointless.  So it could attract donations you'd otherwise miss out on.

Looks like our hosting plans if we went KNCMiner are out of the window!


As they're shipping from within the EU we'll have no import duties to pay AFAIK.  So I'd rather try and find a secure location to host them local to me.

On the BFL note I've read in there forums that they're moving on from June 23rd 2012 Singles pre-orders.  I think most of the pre-orders between us and pre-order 1# were made on June 23rd 2012.  So I assume there at least half way through the pre-order queue to our first pre-order.

Most people who invested into RSM at the IPO are in for the long haul hence the such high price now for shares.  BTC/USD was about ~$16 at the IPO.  Nasty mining who had a 23rd of June 2012 SC pre-order got there's about two weeks ago.  Our first order was on July 7th 2012 so we shouldn't have much longer now.  BFL still haven't replied from my email from June 30th 2013 so I'm expecting our next email from them to be say we're hashing.  Has anyone else heard of any other 60(GH/s)SC deliveries and on what date the orders were made?

Edit:  Just checked the BFL forums and apparently there still shipping June 23rd 2012 60(GH/s)SC pre-orders.  BFL have stated to have all pre-orders shipped by the end of September.

The IPO price after the stock split works out as BTC0.01 per share and the thirty day average traded price is currently BTC0.01916.  Unless you're a new investor who came to RSM well after the IPO and very recently you should be able to sell at a profit.

We may soon have a 25% voucher off our next BFL order.  I'm trying to attract investment from someone to pre-order us a 50(GH/s)SC which I may match their investment.  I put forward the idea of 25% off our next order as a deal sweetener.  So instead of paying $5,000 for two 50(GH/s)SC's we only need $3,750 of investment for $5,000 of ASIC's but $5,000 of new shares will still be issued.  If this deal goes through we'd be at 280(GH/s) or even after the new shares issued 4.158164843(MH/s)per share.  Instead of the current 2.818445158(MH/s)per share we're at now.  A motion can be arranged if needed but with an increase in (MH/s)per share of 68% even after new shares are issued it should be a no brainer.  As even tho new shares will be issued your (MH/s)per share will increase by 68%.  Tho we wont have the extra 100(GH/s) until October according to BFL.

We get 25% off our next order so if we can attract any more investment to get a third 50(GH/s)SC you could also profit from the 25% discount with an additional investment.  So let me know if you're interested or know anyone else who may be.

Unfortunately we could not negotiate a profitable price for us.  So it looks like we'll have to wait for our SC's.  Today the 7th of July is now a year and a day since we pre-ordered our first SC.  In some other news we may have an investor who wants to put ~£1,500 into RSM.  I told them if they pre-order us a 50(GH/s) SC that we could issue them shares of its value.  I may try to match their investment.  Then all the coins would probably be parked at a known wallet address.  Then saved until either BFL are shipping next day, KNCMiner have a working prototype or that new UK cheap 65nm ASIC's are shipping.

Unfortunately I was not able to attend.  Did it go ahead?

Well BFL is 65nm while Avalon is 110nm so it would make sense to order BFL but it also depends on price per chip and lead time.

Quick update:  I'm working on a share swap deal to have us two 80(GH/s) Avalons hashing for us by Monday.  So a rapid motion may be required over the weekend.  I'll keep you's updated.

flattr now officially accept funding through bitcoins.  Tho I don't know if they pay out with bitcoins yet?  Could be a great way for not for profit bitcoin projects to get funding.

Now that flattr accepting funding through bitcoin have you thought of setting up a flattr profile for the project.  So that the project can receive regular funding.  I'd be happy to set up a subscription.