4 @ 5 BTC

Thanks man!

those stats are awesome Thymos!

Can We bid on Round 29 now?

if so I bid 4 @ 0.5

Well theres not much to tell - their DCTO contacted me in december...


Theres another thread about it here in the trading forum - I did not reveal who it was at the time because I was actually considering taking the offer, but it kind of pissed off some of my shareholders so I decided against it - and I am glad I did.

OK

This quarters dividends have been paid! I hope to be able to double that in the next quarter! This is the type of business that starts out slow but gets bigger and better as time goes on with reoccurring payments.


Thanks again for supporting the Bitcoin Web Hosting Company!

naaa


Ive been asked a couple of times, most notably by host gator

Ive worked really hard to develop this thing and The future of this business is looking really good I am very excited to be at the helm of it.

 

Dear Shareholders and Friends,

I am still working on integrating our new accounting system WHMCS but I do have the old accounts imported in and I have enough information to pay dividends. Domain name sales are not reflected here because for this quarter we were buying them and selling them at the same price - however as part of our new WHMCS system I have applied for a registrars reseller account that will automate into this system and we will be able to make profits from domain sales.

Here is our Q2 Breakdown

Jan 2012 - 3 Starter Accounts Carried Over from Previous Quarter - $15
Jan 2012 - 5 x Starter Account Signups - $25
Jan 2012 - 1 x Deluxe Account Signup - $10
Jan 2012 - 1 x Ultimate Account Signup - $20

Feb 2012 - All Customers Renew in Feb - $70
Feb 2012 - 4 x Starter Account Signups - $20
Feb 2012 - 2 x Ultimate Account Signups - $40

March 2012 - 1 Starter Package Customer Does Not Renew ($5)
March 2012 - All Other Customers Renew - $130
March 2012 - 3 x Starter Account Signups - $15
March 2012 - 1 x Deluxe Signup - $10
March 2012 - 1 x Ultimate Signup - $20

Gross Income for Q2 - $170
Expenses for Q2 (ISP Fees) - $74.85
Net Profits for Q2 - $95.15


I feel very good about this quarter, we are the #1 Bitcoin web hosting service and we are gaining momentum. We now own all of the BEST Bitcoin related web hosting domains and Our new WHMCS system is incredible not only does it improve our accounting it gives us full automation and a much better way to make sales, keep customers, offer technical support, sell domains and so much more! I thank all of the share holders who have been supporting us and I encourage you to hold onto those shares so we can celebrate an even better quarter three months from now! Exciting things are sure to come!

mtgox/last price right now is 4.94000 - I will now calculate $95.15 in dividends denominated to that value and pay share holders on the GLBSE

thanks again for supporting the Bitcoin Web Hosting Company!

Thomas Van Riper
CEO
Bitcoin Web Hosting Company
http://www.BTCWebHost.com
http://www.BitcoinWebHost.com
http://www.BitcoinWebHosting.com

hes right, besides there are no open source front ends that are suitable for running a public production pool

heh there really are no open source turn key pool front ends that dont have problems, not that I know of.

LOL I take it he did not get my joke

the simplecoin version that is available to the public has a lot of bugs in it - it should not of even been released in the state it is in now

some people have made half assed attempts at fixing it up but its just not going to work for a production pool

one of the major problems that will require a good deal of work to fix is the fact that if the pool actually does find a block it does not update the front end or database to reflect that found block, it also does not credit anyones account or allows them to get paid

this entire mechanism is broken


there are also all kinds of little things that are broken too, a lot of the cronjobs dont work, all kinds of stuff

I highly advise against using this front end for anything

how much is shipping from Transylvania anyways?

Thanks for the effort! Are you interested in fixing some of the other bugs that simplecoin has?

It would be really nice if someone updated / fixed this and released it - I love playing with pool software and for whatever reason it seems like no one ever follows through and continues to develop them after they are initially released.

People are too busy I guess....

I know I would certainly donate to a cause such as this though..

UPDATE:

Worked all day on moving into our new awesome accounting system WHMCS!
 Had some hiccups along the way getting the Bit-Pay module to co-operate but so far it looks like its mostly working
 This gives us so many benefits from the way I was doing things before and makes these accounts actually manageable!
 The WHMCS license is approx $16 per month, although share holders will not see this as an expense until next quarter.
 You can get a sneak peak of the new system by going to the web site and clicking hosting.
 I am having a problem getting the accounts to import into the system properly, I am working on this ATM and hope to have all old accounts     imported properly into the new system by tomorrow, and will make shareholder dividend payments as soon as that is completed
 Please know this is my #1 priority and I thank everyone from the bottom of my heart for being patient with me.
 This is a growing pain that will take BTCWebHost to the next level and continue to keep us the #1 Bitcoin Web Hosting Company!

-Tom / CEO

Hope everyone had a wonderful Easter!

I spent nearly all day today moving all our accounts over to the new accounting system and I should have all the math completed by the end of the day tomorrow so I can pay out share holders accurately, again I thank you for your patience and due to the work I am putting in to setup this new accounting system we wont have problems like these in future quarters!

stay tuned!

+1 lol  Don't worry Im on it

I remember typing "not panned out" the first time and thinking "matt is going to destroy me for that" hahahaha

but seriously I know your raffle was a success thats why I did mine! Considering your raffle was the first one in the existence of Bitcoin (as far as I know - someone check the Guinness book of records) it went pretty smoothly and you were able to start the development of the Bitcoin block chain raffle system which is pretty cool - maybe someone will take what you started and I built on and make it even better.

Someone like Bit-Pay could really make the whole thing streamlined and take it to the next level. I am just a web designer / developer - not a full pledged programmer by any means  and I can only take it so far.

I like you Matt because you know how to make money and your not afraid to do so, what we really need to do in his Bitcoin community is stop this stigma about making a profit. It seems like everyone gets so pissed when people try to make money. Not sure where I got this from but I always thought the point of business was to make a profit but The way some people act around here you would think I was a terrorist or something.

 "Your making double your money back - how DARE YOU!" Where I come from that's just called having a good day.

Matt: You totally read not panned out as something it was not

I was talking about the broken referral system, and confusion about email hashing etc

I know you did very good on your raffle, thats what inspired me to do one as well.

Not sure where you get 400% from though - even if you count the 20% I am giving the forum - its only about half of that.

If you look at how raffles are done in the real world this is a very common way of doing it - you have a set number of tickets and you sell them until they are gone.

I don't need to put things in small print - that would be deceitful, I am running an honest auction with honest terms in black and white - it was either going to pass or fail, I tried it out and So far it's passing...

Bottom Line is this:

 I am making money, helping out my favorite forum and some lucky person is going to get a great GPU for only 1 Bitcoin.

You guys can keep trying to convince me I screwed up here but from where I sit - its still looking pretty sweet

No Problem