FINAL PAYOUT COMPLETE

https://blockchain.info/tx/421fa96752b3ddfd16d57386afab6681d95baa38af105a78f7c35e3f301da955




Wow. What a ride. With the final payout, MiningCo.ETF is CLOSED.

Thank you all for your patience and support throughout the entire process. I have done my best to run MiningCo.ETF with openness, honesty and integrity. If you feel that I have done so, please add me to your trust ratings. I would appreciate it very much.

With OgNasty's acceptance and payment for our AM shares, all assets have been liquidated.


Now we can start Liquidation payout.

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Here is the spreadsheet with claimed shares. Search for your address to find your payout. If shares were not claimed, their payout has been forfeited and will be divided equally to the rest of the shareholders.
https://docs.google.com/spreadsheets/d/1O_lA8IFD5q6N-u7KTPcDGZdDAkPuEwXoKYAjfPoUuL0

Our total assets are now:  31.99066757 BTC
I am going to take 0.0005 BTC and use it for Bitcoin TX fees since this payout will have many inputs/outputs.

Total to be paid to shareholders is: 31.99016757 BTC

The total claimed shares are: 2107

Each share is entitled to a liquidation payout of: 0.0151828 BTC

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Final payout will be made within 48 hours (but I expect to get this done within the next 2 hours).

I fear we may have to consider this option.
I want to get this done and over with, as I'm sure you all are. I want to payout everything in one final payment. Mostly because I want to close out MiningCo. Also because a second small payment would just end up as dust to many shareholders.

If we want to put a time limit-we can-but we also need to decide if we want to just chalk up AM as a loss at that time.
Even if we decide to have a second payout if AM ever gets transferred, we will need to set a date on that too.

I'm open to ideas and possible dates.

Final payment will be made when all assets have been liquidated.



Unfortunately patience is needed at this time. I was really hoping to get this done before New Years.



I sent the Signed transfer for AM shares to firedcat back on Dec 8.
I haven't heard anything about AM since then.

During that time, we have collected a few more "donations" from our Nasty Fans seats.
Today I sent a Signed message to have the Nasty Fans seats transferred. I expect Nasty Fans transfer to go very smoothly and quickly as nonnakip runs a tight ship at Nasty Fans. Payment for Nasty Fans seats will be sent to the public MiningCo address.

OgNasty and I have the transfer information and "paperwork" for ASICMINER complete. We are just waiting of friedcat at this point.
The transfer of Nasty Seats will be complete very soon.

After these assets are transferred, payment will be made directly to the public address. I hope this will be complete by year's end.
That will complete the liquidation of all MiningCo's assets.
After that, I will post the final BTC amount of the fund and the expected payout per share.

We're nearly done!

Thank you.




I will accept your offer. Please see the PM from me.

Hello.
I'm back. I'm sorry I was away for so long. Consider it a sabbatical.


Yes, this is my Google Plus account. And if you didn't put it together, you can email me: [my forum username]@gmail.com

I apologize for dropping off the face of Bitcointalk for so long. I had a lot of personal things to take care of. One of which was getting a new job... at Coinbase.

I want to put any fears to rest: I'm not dead. I did not run off with any of the fund's assets.

The first thing I did on the forum was check this thread and make this response. I do have a number of PMs and I will check them after I finish this post.

We still have Nasty Fans and ASICMINER shares to liquidate.

I was hoping the the price drop of BTC would help the BTC price of Nasty. Instead the price of Nasty has dropped over the last month.

I'm trying not to take a big hit (BTC) wise, but I may have to just sell at a large loss than I wanted to.


Again, if you or anyone you know is willing to pay a fair price for ASICMINER shares, please have them PM me.

GMP shares have been liquidated.
We had 20 shares. They sold for 0.11 BTC each.

After exchange trade fees this net totals 2.1967 BTC.

This amount has been added to the "Bitcoin Reserve" in the spreadsheet.

Along with accrued GMP dividends, 2.2963051 BTC has been transferred to the public address.

I second on showing the rig pr0n.

Bitcoin transaction fees are a magical mix of how many, how old and how much the inputs are.
The up-to-date daemon automatically calculates the priority of a TX and assigns a fee. It looks like DB is doing this.
However, some pools are very stingy and don't adhere to standard practices. They can reject transactions that have 0 fee, even though the priority on the transaction is high enough to be included (the inputs are old and large enough).
For now, the only thing you can do if your TX doesn't include a fee is to wait for a pool that adheres to standard practices to include your TX in a block.
Miners can refuse to mine on "stingy" pools. Then they will have less of the hash rate. This will give pools adhering to standard practices more of the hash rate.

... Sorry, I got a little off topic there.

In your later transactions (see link example), it looks like your bet was returned to you (minus the 0.0001 BTC TX fee).
https://blockchain.info/tx/f61f8265dc1202efa95a0f6f071ba1e7a144976004be41d2d97d39ca1ad81a0f


The only time I have see bets returned like this is when you bet over the limit.  I don't know what is going on.  I would hold off on all bets until SatoshiDICE has a statement.

Betting 210 BTC in 8 seconds .... Balls of steel to be sure.
From the screen shot it looks like is was around a 30 BTC gain over all.

Yes. And it works for me.

You can set a limit at which the robo betting will not go below.

For example, you deposit 1.0 BTC.
You can set the bot to stop if the next bet would take your balance below 0.5 BTC

Same if you want to stop after winning a certain amount.

This sounds likely. My email was definitely on that list. And, it's not hard to guess my email address.

Crypto-Trade right of passage: phishing.


I got a phising email today about my crypto trade account. Congrats Crypto-Trade.

To everyone: be careful about this.

I did not expect to be that high on the list.

Allowing people to borrow on margin seems like an interesting idea. It certainly would set dicebitco.in apart from the others.

Giving people the freedom to invest with a 10X Kelly seems like the way to go, but I fear that this could go bad so fast. It would "artificially" inflate the bankroll and max bet.
However, I wouldn't mind actually letting people really borrow from me for a percentage if the "auto-buy-to-cover" feature were enabled.