Is today Monday?  |
|
|
|
They have refused to allow anyone to pick up a unit or see their facility. I have asked. I'm very close to Kansas City, so it would be easy if I knew their address.
Not true, some people have gotten to see it. |
|
|
|
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
To the Shareholders of S²CM:
I have reviewed the completed S²CM's financial statements for the month ending September
15, 2012. In my opinion the following statements accurately and fairly
present the financial position of S²CM.
- -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
S²CM - GLBSE:SS
September 16, 2012 (Period: August 16, 2012 - September 15, 2012)
Monthly report which provides a comprehensive overview of the company
for the past month.
To the Shareholders of S²CM:
I have completed S²CM's financial statements for the month ending September
15, 2012. In my opinion the following statements accurately and fairly
present the financial position of S²CM.
S²CM
INCOME STATEMENT
FOR THE MONTH ENDED September 15, 2012
Revenue:
Interest Income......................... 53.862625
Unrealized Gain in Insurance Benefit.... 0.0
Miscellaneous Income....................100.0
Total Income............................ 153.862625
Expenses:
Share Payment Expense................... 0.0
Trade Fee Expense....................... 0.0
Bad Debt Expense........................450.0
Miscellaneous Expense................... 0.0
Total Expenses.......................... 450.0
Net Income.................................. (296.137375)
Basic Earnings per common share............. (0.0026679)
Diluted Earnings per common share........... (0.0026679)
Dividends declared per common share......... 0.00048434
S²CM
RETAINED EARNINGS STATEMENT
FOR THE MONTH ENDED SEPTEMBER 15, 2012
Retained earnings, August 16, 2012........... 79.9999937
Net Income for the Month....................(296.137375)
Less Dividends............................... 53.762625
Decrease in Retained Earnings................ 349.9
Retained Earnings, SEPTEMBER 15, 2012........ (269.9000063)
S²CM
BALANCE SHEET
SEPTEMBER 15, 2012
ASSETS
Current Assets:
Cash....................................403.862622
Investments:
Deposit Investments.....................600.0
Insurance:
Guarantee............................... 0.0
Investment Insurance.................... 0.0
Total Assets................................ 1003.862622
LIABILITIES
Current Liabilities:
Dividends Payable....................... 53.7626283
STOCKHOLDERS' EQUITY
Common Stock...............................1220.0
Retained Earnings..........................(269.9000063)
Total Stockholders' Equity.................. 950.0999937
Total Liabilities and Stockholders' Equity.. 1003.862622
S²CM
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED SEPTEMBER 15, 2012
Cash flows from operating activities:
Cash received as interest............... 53.862625
Cash received as return of investment... 150.0
Cash received as miscellaneous income... 100.0
Deduct cash payments of creditors and
expenses................................ 0.0
Cash flows from investing activities:
Cash payments for deposit investments... 200.0
Cash flows from financing activities:
Cash received from issuing shares....... 0.0
Cash payment of dividends............... 132.4999971
Cash at the beginning of the month.......... 132.4999941
Net cash flow and September 15, 2012 cash
balance................................. 103.862622
Supplemental disclosure of cash flow
information:
Dividends declared and not paid............. 53.7626283
Notes:
Units
In all reports, the unit of numbers is BTC.
Stock Split
On September 4th the fund underwent a 100 for 1 split.
Common Stock
The number of issued, outstanding and authorized stock is 91500
shares. These shares have limited voting rights which are outlined
in the shareholder contract
(https://bitcointalk.org/index.php?topic=74216.0). A dividend yield
is not yet calculable as S²CM has been in operation for less than
one year.
Credit Events
This month saw one of our investments default on their obligations to
us to such a degree that we do not expect repayment of the principle.
One other investment which had strong ties to the same debtor. This
other investment of ours was, however, insured to the extent that we
did not lose the principle amount in this credit event.
Guarantee
The full amount of the guarantee has been exhausted by the credit events
of this month.
Return of Investment
In order to remove a conflict of interest one investment placement has
been returned in the amount of 150 BTC.
Signed,
Michael Carver
also known as
smickles
Financial Officer
- -----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=Px5n
- -----END PGP SIGNATURE-----
Signed,
imsaguy
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.19 (MingW32)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=DApD
-----END PGP SIGNATURE-----
|
|
|
|
The Bitcoin community has made BFL rich on nothing but words. It is irrelevant whether or not they develop an ASIC . BFL has won. There are even people sucking BFLs balls in their signatures praising them for a product which doesn't even exist yet.
Yeah, this has really been surprising me. Crazyates, are you getting some kick backs for the ad in your sig? Not that there's anything wrong with that, I'm just curious. Also, psy is another one. Any incentive for you? There's a thread where Josh is soliciting user sig space for ads. Edit: Found here: https://bitcointalk.org/index.php?topic=105853 |
|
|
|
Sincerely hoping my jalapenos will get here before the end of the year. I've heard they are just NOW shipping singles (Not ASICS) ordered from early August.
The singles shipping time is the best its ever been. You should have done more research if you were worried about a 30 day turnaround. |
|
|
|
The battle of Zyk:  On the bitcoinmax thread he has the last three posts. Ugh  Its a shame that an ignored user will make your 'last updated' link light up. IMO, those posts should be ignored when considering if you're caught up with a thread. |
|
|
|
RC2 with IE default still gives the message about the data directory lock. Upgrading to RC3 to try thta.
What are your command-line switches for starting your normal Bitcoin instance? What is the behaviour, when you do not start a client and then click a Bitcoin URI? I guess you should uninstall and then try to edit the Registry and manually remove the bitcoin URI association, to be sure you have a clean registry before installing. Also take a look into C:\ProgramData\ and remove the boost_interprocess folder and all it's contents (when no client is running). Are you using bitcoind together with bitcoin-qt? Dia Normal shortcut with a commandline of "C:\Program Files (x86)\Bitcoin\bitcoin-qt.exe" I removed the boost_interprocess folder just now. I do make use of a %appdata\roaming\bitcoin\bitcoin.conf file but it just specifies a few nodes to connect to, rpc port/pass, and the start min/min to tray. This is the handler registry entry. I had removed it and this is the result of the RC3 installation. [HKEY_CLASSES_ROOT\bitcoin]
"URL Protocol"=""
@="URL:Bitcoin"
[HKEY_CLASSES_ROOT\bitcoin\DefaultIcon]
@="C:\\Program Files (x86)\\Bitcoin\\bitcoin-qt.exe"
[HKEY_CLASSES_ROOT\bitcoin\shell]
[HKEY_CLASSES_ROOT\bitcoin\shell\open]
[HKEY_CLASSES_ROOT\bitcoin\shell\open\command]
@="\"C:\\Program Files (x86)\\Bitcoin\\bitcoin-qt.exe\" \"$1\""
I've got my wallet.dat sitting in a truecrypt volume that is symlinked into my data directory. You think perhaps that is what is causing it? |
|
|
|
OP, I sent you PM a week ago. Did you get it? I just sent another PM.
Did you miss where he posted that he was sick? Be patient, I'm sure he'll get to you eventually. |
|
|
|
|
RC2 with IE default still gives the message about the data directory lock. Upgrading to RC3 to try thta.
|
|
|
|
If this crazy-talk is what you would consider "contributing" I'd rather not actually ...
Don't quote him! It only screws up the ignore for the rest of us. |
|
|
|
+1 I used GPUMAX and could trace some coins from BTCST wallets to GPUMAX payments.
This is simply a laundry for the pirate, make no mistake about that.
Only partially. Basically, it could be a laundry for anyone. You pay for your lease with dirty coins. Your lease provides coins from the pool which are probably clean. |
|
|
|
This is exciting! Do you have to download the satoshi client or can you use an e-wallet for the app?
The app IS the wallet. It functions similarly to the satoshi client, but all on your phone or other android device. |
|
|
|
Could you please provide a link to this information? I've been planning on using a Raspberry Pi to front-end my BFL hardware when it arrives. If the above does not get resolved, I will need to find an alternative.
http://bit.ly/PmOQOn |
|
|
|
My understanding is that 'coinbase' transactions involve newly mined Bitcoins? If so, that was not the case in my issue - the coins had been on my laptop wallet for months. But perhaps this is related to my problem. Maybe Bitcoin Wallet thinks they are coinbase transactions when they are not? I think having the same 100-confirmation point would be too much of a coincidence.
I saw something on the dev list a week or two ago about how they were migrating some stuff to a different format and storing more info about confidence levels or some such. Did you recently do a software update (or perhaps it did it automatically) of bitcoin wallet? |
|
|
|
Would be a quick way to make the trolls go away.
 The very fact that they are labelled trolls makes that highly unlikely. |
|
|
|
That's not the same thing.. Being paid a week later for work you've done is NOT being paid every day. Nobody ever said GPUMax defaulted.. I said "they don't pay out every day" which is by your own admission, true.
Zux0r has made a commitment to payout every day, usually just after midnight CDT. It's been like clockwork for the past week or two now. |
|
|
|
With Imsaguy, I thought he put the money in hardware mining
Those GPUs didn't show up on their own. |
|
|
|
You are right, Coinlab and Asicminer aren't making anything now, and they probably never will. I've been trying to explain that to you earlier too.
I'm glad you think so, but the fact that more and more people are joining coinlab seems to indicate people disagree with you there. There's not a known timeline, but to say it probably never will is a little disingenuous. There's already a huge market for gpu clusters, the field is rapidly growing and changing. CoinLab is just working through the logistics. ASICMiner will most likely produce a product and start making money. They might rock the socks off BFL and the others or they might just be average. Either way, they should produce a return and any returns are paid to GLBSE shareholders before the three principals. Even a simple 1:1 return of capital ends up being a 10%+ return. We need to take the risk, either to keep investing in ASIC or say we have enough exposure already.
Keep investing in ASIC means we might get ahead, but if not, everything will be gone, nobody would likely be paid anything.
If we don't invest in ASIC, means people get paid in this waiting time, and possible in the future, we never see our principal back.
I think you're trying to cut off your nose to spite your face. You're looking at this in the shortest of possible of terms and failing to look at the larger picture. Mining, if done right, will always be profitable. Attempting to take too much out too quickly and not fully accounting for the rapid pace of depreciation is what screws things. Look at what's going on with gigamining or any of the others, asic combined with the reward halving is flipping the mining field in unknown directions. Stockpiling a little coin right now is the most prudent thing. If it turns out things are a bust, there's nothing preventing a payment of those in the future. If price of coins goes up some, it makes buying hardware easier and less coins are diverted towards the keeping up and more coins are paid out. If price goes down, then perhaps asic doesn't make sense and that means I can afford to buy more from "the day job", thereby decreasing the payback period. |
|
|
|
Any updates? A simple plan would suffice.
Waiting for the ASIC gear to arrive. Using the current dividends to acquire additional hardware. Waiting on ASICMiner shares to start paying. Waiting on CoinLab to start GPU leasing. Continue paying out as funds become available from above mentioned activities. So what you are saying is.....wait and wait. It seems that you have enough ASICs from BFL orders and ASICMiner that can cover your principal payment down the road when ASIC happens. The CoinLab should also be viable if they are able to find customers. Perhaps you should stop using current dividends to acquire additional hardware. Why? Because you stated that there have been a lot of messed up orders before. It would make sense to not keep throwing money down the same path. At this point, I think the investors should have a say in what to do with the BTCs generated now. If you keep investing more into ASIC, what if something happened again that mess it up causing you to go broke again? Wouldn't it be safer to use the BTC generated daily to pay out partial principal, and then wait to see what happens with ASICs. This is investor's money you are handling, and the investors should be able to vote what to do. Why? B/c you are no longer paying the dividends, which means you are not the one controlling what happens from now on. If you were to continue paying dividends, then we the investors don't care what you do with the capital you have now. I hope this makes sense. I hope what I'm about to say makes sense: Diff is expected to grow by leaps and bounds. It will start out as an arms race with all this new gear. Anyone that isn't ahead of the pack will get left in the dust. If we don't get ahead of the pack, we'll be behind and once we're behind, it means things will take exponentially longer. Coinlab isn't doing leased work, so we can't pretend that will make money until it actually is. Asicminer isn't paying dividends right now, so we can't pretend its making money until they start paying. We don't even know what they'll pay because it depends on what they end up doing compared to BFL and the others. I don't think it makes much sense to liquidate the position as the bid depth on GLBSE is lacking (which it always seems to be), which means the liquidating would be a huge loss. Be patient. These things aren't going to resolve overnight just because you wish it to happen. |
|
|
|
As I know nothing about the workings of IRC, is that stat server-wide ? or for a specific channel ?
that's freenode wide. He uses a thing called an IRC bouncer, which gives him an IRC presence even if he doesn't specifically have an IRC client connected. IRC is one of those things that if you aren't connected, you miss out on what is said. You have to be there real time. A bouncer is sorta like an answering machine. It stays connected so you don't have to and then when you're online, it "bounces" the messages you missed to you so you can catch up. The idle is reset when he says something. When that script for accounts paid was going, it actually would keep resetting the idle counter because his client was saying something, even though it was automated. Now that the script isn't working/turned off, the idle counter is more accurate. |
|
|
|
|
Show Posts
