Great to hear.  Here's hoping you put the new funds to good use.  Keep up the great work!

Maybe I'm a bit thick, so please take pity on me.

Can someone explain why shares outstanding has been going up the last few weeks/months (for example, between the 8 July report and the 22 July report there are some 800 new shares issued)?  Are you discreetly issuing more shares above the NAV? 

Your last report mentioned share buyback, but not share issuance, and I see nothing in the OP about issuance of shares (although it does say you will issue shares above the NAV on the bitfunder description).  And the shares were scarcely trading at NAV, let alone above it.  So I hope you can forgive my confusion.

Thanks

Lucky!  (No, not luck on your part, you were quick, I was slow - I just missed the tail of batch 2, ended up in batch 3).

Only delivered chips as far as I'm aware is zefir's batch one.

This.  The first mining-hardware-selling company that acts like any other consumer-goods selling company in the world (ie. I give you money, you give me product), without all the nonsense, delays, uncertainty, out-of-stock etc will make an absolute killing. 

ASICMiner isn't (yet?) up to the challenge, Avalon showed potential but keep dropping the ball, BFL LOL, and all everyone else has delivered so far is promises as far as I know.

I just hope it's ActiveMining that steps up and does this right, because I am a shareholder.  But for the sake of Bitcoin, I hope _someone_ steps up and does it right, sooner rather than later.

That logic there my friend is a short trip to the poorhouse.  That someone who seems to have been a successful investor in the past is involved should have no bearing whatsoever on your individual decision to invest or not.  You can't know their reasons for getting involved, and they certainly won't tell you their exit strategy.  Trying to catch a ride on the backs of giants is a dangerous game.  Make your own decisions, and invest amounts that you are comfortable with, knowing there is a very real risk this will all evaporate overnight.

And poor.

That makes good sense.  Protection from casual scammers is relatively easy, it's the dedicated scammers you have to be careful of.


Not with you on that one.  Calling something "X" for tax purposes is not the same as saying something is "X".


Dunno about anyone else, but I think keeping any more than a couple of coins on any exchange is risky.  Move them home, move them offline.


Maybe they recognise that Aussie exchanges are gouging the hell out of us locals, and want to become the Australian bitcoin exchange (they've said as much).  Maybe they are hoping that by becoming internationally competitive, not just locally competitive, they can increase the size of the market?  Makes some sense to me.

Yeah, wonder how many reversed transactions they'll absorb before things change?  Even bitinnovate, that only accepted over-the-counter cash deposits, closed their doors....

I've been hunting for a new laptop, and wishing to support bitcoin I've been looking at the bitcoinstore.  To say their offerings are underwhelming would be putting it nicely.

Some of the stuff they have there is ridiculous.  A core 2 duo laptop for more than BTC10?!
https://www.bitcoinstore.com/lenovo-ideapad-y550-15-6-notebook-intel-core-2-duo-t7350-2ghz-white.html

I've found it nearly impossible to find something on their site that meets my requirements.  I've been researching elsewhere because filtering on the site is terrible, and when I find something I think I may want it's not available on their store.

Not giving up yet, but I'll be surprised if I manage to find a laptop that meets my needs on their site.

Report as scammer?

Payment and PM sent, with thanks.

140chips @ 0.09BTC = 12.6BTC

For shipping to burnin for assembly

I personally have vowed to never deal with butterfly labs.  IMO their incompetence and misinformation has been so outstanding, so outlandish, that they have not merely screwed their own customers, but they have arguably put the entire bitcoin asic mining industry back by 6 to 12 months.  Add to this their utter disdain for their own (pre-) paying customers and laughable customer service, and frankly it makes me sad this company is still in business.

But that's just me, you make your own call.

A loooooooooooooong queue.

It's an auction.  He's committed to sell at whatever price the auction arrives at.  That's how it works.

You could argue that he'd have been better off to transfer his shares to a PT and sell there, however that would require a) setting up an exchange account, b) transferring shares, c) selling shares over time to avoid depressing the price too much, d) withdrawing the funds.  If he values his time, privacy and a quick sale, an auction may make sense. 

That's how I see it anyway.

Find someone willing to loan you their AM shares, and sell them.  That's a good old fashioned covered short sale.

Or you could use options to achieve a similar effect.  You could buy some out-of-the money put options.  Or you could write some naked in-the-money calls.  If writing options, I would go for European style, of course.

Everything except buying the puts would require you to put up collateral to guarantee that you'd fulfil your obligations.

10 @ 4.6

For transfer to burnside, using burnside as share escrow

To the person asking about what happens to the AMC holdouts if VMC buys all the AMC shares:

In other stock exchanges, depending on the place of listing, there is such a thing as compulsory acquisition.  Once someone owns upwards of 90-95% of the stock of a company, they can force the remaining shareholders to sell. 

If VMC were to list on favourable terms, offering a 1-for-1 share swap of AMC shares for VMC shares, then I have no doubt that a majority of AMC shareholders would take the offer.

I'm not sure what could be done about the sell walls of AMC shares on bitfunder and btct.  Maybe he could just sell those shares to VMC, say 1-for-1 for VMC shares.   And then AMC could sell those VMC shares on-market, and because AMC is majority owned by VMC, the proceeds go to VMC.

I don't know, it's all a bit murky because AMC shareholders aren't actually shareholders - we bought a right to a fraction of the profits of the company called AMC.

No doubt the lawyers need to get involved.