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I am slowly buying shares back from mining profits and from my own cash I am buying bitcoins with. I am not trying to cheat anyone, I just can't buy them all at once. For those that I can't buy immediately, I am treating it as a loan,paying interest, until all can be paid back. This is more cost effective than liquidating the FPGAs I have.
Also, although the IPO was at 1.0, very very few were sold at that level. I am one of the few people that invested at that price level via my investment acct. Most shares were bought initially between 0.75-0.83. They may have traded less than that though.
Slowly but surely i am paying back.
I am not a Pirateat40.
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Hello all,
Answering emails, etc is taking larger amounts of my time and I am tired of emailed scam accusations. I tried to setup a profitable endeavor for both you and I, but it was easier and more profitable mining alone.I have decided to begin buyback of the shares. I have many great investors, but they are overshadowed by constant emailed personal attacks as being a scammer. I am done dealing with that. I will review the buyback plan so that i can give the most value to shareholders, especially considering the large price declines of late. I don't want anyone to feel cheated. I will release a motion in the next week, so please be watching for it for any upcoming news.
The dividend is halted immediately. Please watch for upcoming motions.
Regards.
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To answer the OP's question....I mine mostly on Ozco.in and Eclipse using DGM. I've tried others but like them best.
Primary is Ozcoin and that is because it is run by a helpful, respectful guy. Graet is a great person to work with, and when I was a noob I saw his name all over bitcointalk explaining stuff and generally just helping the community out.
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Pretty awesome looking cluster there. Doubts are gone, thanks. Now to get some more coins to GLBSE quickly...
Thank you....the wiring runs aren't very pretty but I wanted to get them up and running quickly. |
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Here are the pics of the x6500 miners (80 dual FPGA boards in total). Once i visit the rest of my farm I will update with more pictures   |
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Is there any newer version then this out for windows mpbm-v0.1.0beta.zip. I'm seeing alot of this lately with any pool I use and wonder if its a software issue.
50 BTC.COM: Error while fetching job: Traceback (most recent call last):
File "C:\Users\\Desktop\X6500_Easy_Package_For_Windows\mpbm-v0.1.0beta\core\actualworksource.py", line 155, in get_job
jobs = self._get_job()
File "C:\Users\\Desktop\X6500_Easy_Package_For_Windows\mpbm-v0.1.0beta\modules\theseven\bcjsonrpc\bcjsonrpcworksource.py", line 120, in _get_job
conn.request("POST", self.settings.path, req, headers)
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 964, in request
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 1002, in _send_request
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 960, in endheaders
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 805, in _send_output
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 743, in send
File "c:\Program Files (x86)\Python32\lib\http\client.py", line 721, in connect
File "c:\Program Files (x86)\Python32\lib\socket.py", line 404, in create_connection
File "c:\Program Files (x86)\Python32\lib\socket.py", line 395, in create_connection
socket.timeout: timed out
I am seeing something similar using the latest version in Ubuntu 12.04. Doesn't matter which pool. Once this happens a few times sometimes I lose all connections to the pool. I have to restart. It seems to get worse the more x6500 units hook up to it. |
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Just another heads up. I haven't had time to take the pics yet but if you check the Ozcoin pool at www.ozco.in , go to "Hall of Fame" on the upper bar, click on "Round Shares" you can usually see me in the top 10 miners. I also mine on Eclipse and elsewhere anonymously as well, but I though that showing part of my operation on Ozcoin would help. |
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Pic will be forthcoming soon...i understand the need to build trust. My miners are located offsite from my residence so i will run down there soon and take a few pictures of the mining equipment dedicated to already sold shares. The bulk of my equipment doesn't have shares sold for it, so that profit is mine  so it isnt for grabs yet. By the way...you might check out https://bitcointalk.org/index.php?topic=98517.0 to see why I don't list a specific amount of MH/s per per bond and instead leave a percentage of the profits for continual growth of the mining cluster. |
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Verification has been complete for some time.
Just a heads up that many of the higher volume investments have either been in suspected ponzi schemes or stagnant mining pools where payouts shrink as mining difficulty increases. I have the mining equipment working already but setup this bond to increase the mining operation. I mine on various pools and solo with approx 70GH/s with more coming online each week. I have only released shares that can be supported by a portion of my already-existant mining profits. I have devoted a minimum of 60% (actually closer to 90%)of the profit from current operations to paying dividends. Starting this week i will devote up to 30% to further expansion. This has been very profitable to me as i have built up my operation so as to not stagnate. Ztex 1.15y quads, x6500 FPGA miners are currently running, and hopefully soon ModMiner Quads will be added to the mix very soon.
On a side note, unlike some investments similair to mine, i held no assets with Pirate@40 so the bond finances are untainted by the collapse this last week.
Note that this secondary to my 9-5 job and personal responsibilities, so I have limited availabilty.
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Post edited. The MMQ gang and i have worked out a plan for my delayed units.
On a side note, Tom has been very responsive to my emails and tech help. Even with the delays they are still much better than BFL could aspire to be.
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I am now finally verified in the bond listing.
The FPGA cluster is still expanding and i will be releasing shares for sale once a stable dividend rate can be obtained. Your investment is not in a particular amt of MH/s, but is in the returns generated weekly by this growing mining operation. The operation is currently all FPGA and will grow and evolve as economics warrant. Up to 30% of the generated returns will be used to continually grow the operation to prevent it from stagnating as time goes on.
I believe this will be more valuable than a specific hash rate that becomes less valuable as difficulty rises.
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Bare bones computers are all that i have used with all of my FPGA setups (just get e350 barebones and add memory, HDD, and linux...I assume BFLs ASICs willbe similar but seems like they are just guessing at performance.
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The estimated GH rates is what confuses me..... so are they designing it for 3.5GH and just putting more on the single 40GH and rig 1000GH and coming up with odd performance numbers....or are they designing 2 different chips? If the use just one 3.5GH design...it will take approx 286 to make a rig.
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I think with the increasing usage of bitcoin, even limited payroll applications could launch. For the dimmer folks within a company just put "paid xxx BTC (~yyy fiat)" on their paychecks. As long as the fiat remains high/increasing...the masses will get their pay in terms they can understand.
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A bot on a major exchange or on bitcoin site like GLBSE? You would have to be correct to avoid HYIPs
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Hopefully it is well supported if/when it comes out....you won't need much of a computer to support it. I run multiple clusters of 20x FPGA boards off of 1 computer per cluster. The computers just run AMD e350 dual core, very low power setup. Less money to build and to run than just abot anything. Newegg, etc have specials on barebones with the above that just need minimal memory and a cheap HD. My controlling computers only use about 35W.
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BitInsant is the way to go. Always have been very quick for me. From bank dropoff to money in mtgox less than an hour
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You invest in mining companies...granted I am biased...i have and FPGA bond that pays well (though not as good as pirates and associates PPT bonds)....but at least there is good solid interests from my bonds. Check out https://glbse.com/asset/view/FPGAMINING |
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But sure is fun to play.....it is like gambling on a game in vegas you have never heard of. N
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I forgot to mention..i buy BTC at mtgox and move them quickly to my allet or GLBSE....i dont trust mt gox for anything long term.
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