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1  Economy / Auctions / 12 million Devcoins, 48 hour auction on: April 24, 2013, 12:11:27 AM
12 million Devcoins, bids are for entire 12 million

48 hour auction, auction will end April 25th 9PM EDT

Minimum bid increment is 0.5 BTC, starting bid is 28 BTC

Payment will be expected within 24 hours after auction close.

Do not bid if you do not intend to pay, non-payers will be scammer tagged.
2  Economy / Auctions / 371 ASICMINER shares, 1.0 BTC minimum bid, 24 hour on: April 17, 2013, 07:09:38 PM
Minimum number of shares per bid: 1
Minimum bid per share: 1 BTC

I will give winner(s) unique addresses to pay to.

Auction will close at 4PM EST on April 18th.

Shares will be sent to winner upon receipt of payment.
3  Economy / Securities / usagi, NYAN, BMF do not own DMC shares on: December 22, 2012, 07:34:30 PM
I've been looking over my claim reports for DMC from nefario.... and there are no email addresses that match "bmf", "nyan", or "tsukino.ca". There is also 320 shares unaccounted for, which is a magnitude less than what usagi claimed BMF and NYAN held.
4  Other / Off-topic / Luke-Jr is a Butterfly Labs shill on: December 14, 2012, 11:05:01 AM
Luke-Jr has been caught editing the Bitcoin wiki to favor BFL and remove at least one of their competitors.



5  Bitcoin / Hardware / USE THE OFFICIAL BFL THREAD FOR ALL BFL TOPICS on: December 12, 2012, 06:25:08 PM
Enough with the goddamned BFL threads!
6  Other / Off-topic / BFL ASIC Insurance now available on: July 16, 2012, 03:28:44 PM
A few miners out there are ponying up money to buy these new BFL ASIC units, but a lot instead either think BFL will fail to ship or will not ship what they promised.

To help smooth out the financial difficulties of either BFL shipping or not shipping, I am now providing insurance to protect those who are still on the fence or intend on never buying BFL.

Official thread: https://bitcointalk.org/index.php?topic=92244.0

This thread is locked to reduce pro-BFL trolls from drowning out legitimate miners.
7  Economy / Securities / [GLBSE] Diablo Insurance - Butterfly Labs BitForce SC Insurance (7,829:30,903) on: July 08, 2012, 12:03:12 PM
DI.BFLSC.Fail
DI.BFLSC.Succeed

Butterfly Labs has recently advertised three new products in their BitForce SC line, a 3.5 gigahash/sec USB powered unit named "Jalapeņo", a 40 gigahash/sec unit named "SC Single", and a 1 terahash/sec unit named "SC Mini Rig", all to be delivered in October 2012.

In the event that Butterfly Labs fails to deliver at least a sum total of twenty-five (25) units composed of all three products offered described exactly as above to customers by the end of October 31st 2012, shares of DI.BFLSC.Fail will be repurchased at combined value of DI.BFLSC.Fail and DI.BFLSC.Succeed divided by the number of DI.BFLSC.Fail shares sold minus a 1% fee. Shares of DI.BFLSC.Succeed will be repurchased at a price of 0.00 BTC.

In the event that Butterfly Labs does succeed to deliver a sum total of twenty-five (25) units composed of all three products offered described exactly as above to customers by the end of October 31st 2012, shares of DI.BFLSC.Succeed will be repurchased at a combined value of DI.BFLSC.Fail and DI.BFLSC.Succeed divided by the number of DI.BFLSC.Succeed shares sold minus a 1% fee. Shares of DI.BFLSC.Fail will be repurchased at a price of 0.00 BTC.

The final repurchase price in either outcome depends on the number of shares sold of both DI.BFLSC.Succeed and DI.BFLSC.Fail combined by October 1st. Shares will be issued at a price of one thousandth (1/1000) of one BTC.
8  Other / Off-topic / Diablo Mining Company will never buy Butterfly Labs hardware on: July 05, 2012, 09:46:09 AM
A lot of people are questioning Butterfly Labs' commitment to the Bitcoin community, and a lot of people are even coming right out and calling it a scam or a long con or the end of Bitcoin.

I cannot help but agree with these people.

Without a second vendor producing hardware just as efficient and cheap as Butterfly Labs claims their new Bitforce SC hardware is, I do not believe Butterfly Labs is being completely honest with potential customers.

Because of how Butterfly Labs has handled customer relations, Diablo Mining Company will never purchase Butterfly Labs hardware. We will pursue high-efficiency FPGA and ASIC hardware from alternate vendors only.

Diablo Mining Company will be the largest Bitcoin startup in the world, and we will do it without the help of Butterfly Labs.

Diablo Mining Company main thread: https://bitcointalk.org/index.php?topic=77469.0
Diablo Mining Company on the Global Bitcoin Stock Exchange (GLBSE): https://glbse.com/asset/view/DMC
9  Economy / Securities / Which GLBSE mining companies are upgrading to BFL? on: June 29, 2012, 01:47:06 AM
I'm trying to build a list of whos upgrading and whos not.

I know BTCMC, Gigamining, and BTC-Mining are, and BFLS/BFLS.RIG are going to upgrade their units. Who else is?

Edit: Results from the thread thus far:

Is upgrading:
BTCMC
Gigamining
BTC-Mining -> 200mh/share
BFLS/BFLS.RIG
NastyMining -> 20mh/share
Cognitive
PIMP -> 20mh/share
HydroMining -> 215mh/share
MergedMining
RSM
007
Synergy

Maybe:
YABMC

Is not/Cant:
BitBond
GreenBTC
Zeta-Mining
PureMining
10  Bitcoin / Hardware / Whos Achronix and why do they have a 22nm 1.1m LUT chip? on: May 21, 2012, 03:49:59 AM
http://www.achronix.com/products/speedster22ihd.html
http://www.achronix.com/products/speedster22ihd/hd-summary.html

I wonder what the approximate mh/w here is.
11  Economy / Securities / I'm starting Diablo Mining Company, but how much should the initial IPO be for? on: May 02, 2012, 10:14:55 AM
The previous poll, should I start DMC, ended 49 for, 64 against. However, most of the people who voted against this liked the plan but considered 1m impossible (although they gave no evidence to back up their claims).

So, we're back to voting again. No one can see the results until after the 7 days are up.

Contract: https://bitcointalk.org/index.php?topic=77469.msg861305#msg861305
Plan: https://bitcointalk.org/index.php?topic=77469.msg867837#msg867837
12  Other / Archival / I'm starting Diablo Mining Company, but how much should the initial IPO be for? on: May 02, 2012, 06:16:03 AM
The previous poll, should I start DMC, ended 49 for, 64 against. However, most of the people who voted against this liked the plan but considered 1m impossible (although they gave no evidence to back this up).

So, we're back to voting again. No one can see the results until after the 7 days are up.

Contract: https://bitcointalk.org/index.php?topic=77469.msg861305#msg861305
Plan: https://bitcointalk.org/index.php?topic=77469.msg867837#msg867837
13  Economy / Securities / Should I start Diablo Mining Company, a 1M BTC startup? on: April 25, 2012, 06:23:32 PM
The plan is to issue 1 million shares (no additional shares or bonds forever, although splits might happen if/when GLBSE supports it) at 1 BTC each..

Poll is set to show results after 7 days, poll will only run for 7 days.

Contract: https://bitcointalk.org/index.php?topic=77469.msg861305#msg861305
Plan: https://bitcointalk.org/index.php?topic=77469.msg867837#msg867837
14  Economy / Securities / Diablo Mining Company on: April 20, 2012, 09:37:28 PM
Final Notice
https://bitcointalk.org/index.php?topic=77469.msg3304465#msg3304465

Financial Reports
September 2013 https://bitcointalk.org/index.php?topic=77469.msg3289371#msg3289371
August 2013 https://bitcointalk.org/index.php?topic=77469.msg3089234#msg3089234
July 2013 https://bitcointalk.org/index.php?topic=77469.msg2863287#msg2863287
June 2013 https://bitcointalk.org/index.php?topic=77469.msg2634034#msg2634034
May 2013 https://bitcointalk.org/index.php?topic=77469.msg2355025#msg2355025
April 2013 https://bitcointalk.org/index.php?topic=77469.msg2016480#msg2016480
March 2013 https://bitcointalk.org/index.php?topic=77469.msg1711100#msg1711100
January and February 2013 https://bitcointalk.org/index.php?topic=77469.msg1573941#msg1573941
September 2012 through December 2012: https://bitcointalk.org/index.php?topic=77469.msg1444216#msg1444216
August 2012: https://bitcointalk.org/index.php?topic=77469.msg1153179#msg1153179
July 2012: https://bitcointalk.org/index.php?topic=77469.msg1070848#msg1070848
June 2012: https://bitcointalk.org/index.php?topic=77469.msg1001489#msg1001489
May 2012: https://bitcointalk.org/index.php?topic=77469.msg934452#msg934452

Notice
Diablo Mining Company has closed and liquidated.

Original Post
The Plan
Diablo Mining Company is setting out to be the first $1m USD Bitcoin Startup.

DMC will focus on mining and secondary revenue streams by not only owning the largest mining farm in existence, but also by owning its own dedicated facility and generating green power by solar and/or wind. Extra space in the facility can be rented out to other mining operations or non-mining customers.

The funding will be used to focus on three areas: a dedicated facility that can not only house our hardware but also have spare room to be leased out, purchasing high efficiency mining equipment, and purchasing enough green power generation to eliminate the operational overhead of electricity prices to allow the mining company to continue operating in profit-adverse situations (such as Bitcoin difficulty rapidly increasing, or Bitcoin prices rapidly dropping).

The Facility
A dedicated facility will be purchased or built on un-/under-developed land located in Maine due to our cold 6 months out of the year environment and lack of natural disasters. $150k will be set aside for this purpose as a soft estimate.

The Hardware
DMC will pursue any technology that gives the best performance per dollar and the best returns to our investors. We will never purchase Butterfly Labs hardware.

Post-Spartan 6 large scale mining hardware will be around for $16,000 for 50 ghash each, using 1200 watts each. Assuming we buy 40 units (or approximately whats left of the $1m after the purchase or construction of the facility with enough margin to maintain the construction of a green power generation system):

Hardware cost: $640,000
Mining power: 2000 ghash
Power usage: 50,000 watts, or about 438,000 kwh a year.
Operating cost: about $43,800 a year at 0.10 kwh maximum cost.

At approximately 1.5m Bitcoin difficulty and Bitcoin prices north of $5, 40 units should produce about 1344 BTC a day or about $6,720 a day or about $2,452,800 a year.

The Part Where We Kill Operating Costs
Up here in Maine, each 1kw of solar panels costs about $700 and produces about 1200 kwh a year (with weather patterns and nighttime factored in). Large scale wind is about $1000 per kw, but takes up less room and also generates at night, and many communities in Maine are putting up wind turbines due to excellent wind conditions.

To offset 438,000 kwh of usage a year, I'd need 365 kw of solar, or $255,500.

Hardware cost with solar: $895500.

Thats $895500 for a mining company that can operate in the most adverse conditions (ones that would bankrupt any other mining company) that can make $2.4 million a year.

What does the investor get out of this?
The contract will revolve around splitting revenue in half: one half goes to dividends, one half goes to covering operating costs and a growth fund.

Given that, I am asking for 200k shares at 1 BTC each. Each share will pay approximately 0.05 BTC a month (calculated using 1.5m Bitcoin diff), which will drop to 0.025 BTC sometime in December due to the block reward cut.

Using this math and calculating on the 0.025 BTC per share dividend alone, investors should be making a profit in less than 2 years, factoring in a doubling of difficulty as worst case.

Share Contract
The revenue will be split in two parts:
    
1) 50% of all mining revenue will be distributed to shareholders in the form of dividends (henceforth referred to as "dividends"). These dividends will be paid monthly, split evenly among all shares regardless of class or issuing date.
    
2) 50% will be used to invest in additional hardware, decrease the cost of mining, and/or pay for long term operating costs of the company (henceforth referred to as the "growth fund").

Operating costs (electricity, repair work, unplanned maintenance, employee related costs, taxes) will taken out of the growth fund. Any operating costs that exceed the ability of the growth fund to cover will be borrowed from the dividends until covered. Dividends borrowed in this manner will be paid during future payment period(s) using the growth fund until repaid in full.
    
Each share represents 0% of the ownership in the company assets. In the event of liquidation, 100% of the revenue from sales of the assets and 100% of the growth fund, minus any expenses incurred from the operation or liquidation of the company will be paid to shareholders.
    
The operator of the company retains two special rights, regardless of the number of shares held by the operator: 1) the right to raise a motion, 2) the right to end operations and liquidate assets without motion. Any motions raised by shareholders will be considered non-binding advisory votes.
15  Other / CPU/GPU Bitcoin mining hardware / April Fools Joke that people are apparently buying into on: April 16, 2012, 11:35:23 PM
http://news.softpedia.com/newsImage/Leaked-AMD-Radeon-HD-7980-Pegged-for-April-1-st-Release-2.png/
16  Bitcoin / Mining / Dear AMD: Where the fuck is fglrx 12.2? on: March 05, 2012, 04:10:17 PM
Seriously, where is it? I waited a whole damned month.
17  Bitcoin / Bitcoin Discussion / Bitcoin Predictinator: Tommorow's valuations today! on: February 22, 2012, 04:44:44 AM
http://predictinator.adterrasperaspera.com/

More work needs to be done on it, but apparently my time machine works.
18  Other / Meta / Thread Reporting on: January 09, 2012, 04:51:49 AM
Why is it this is the ONLY thread on the mining subforum that gets reported to me every day? Get a life, damnit.
19  Bitcoin / Mining / Want legit 7970 testing/benchmarking and tuning for cgminer and Diablominer? on: December 24, 2011, 05:21:46 AM
If the BTC community buys me a 7970, I will benchmark and tune DiabloMiner and cgminer for it. No one has released valid benchmark numbers, and I'm tired of the bullshit, and I expect everyone else is too.

Send BTC to 1DbeWKCxnVCt3sRaSAmZLoboqr8pVyFzP1 and help make this happen.
20  Bitcoin / Bitcoin Discussion / Possible false alarm: MtGox break in on: September 12, 2011, 06:05:03 PM
It seems Mt Gox has been broken into again. My account was just liquidated and send to a foreign address, the IP of which seems to be in the Ukraine. I assume I was targeted because I'm a Bitcoin developer.

Since I use Linux and use unique high entropy passwords, I am ruling out any nonsense like local trojans.

Everyone: Clear out your accounts if you have anything in them.
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