Dividend mails keep getting sent today. What's going on?

When can we expect this feature?

Hmm, I was hoping to see a question about what would happen if a large private entity wanted to buy ASICMiner (there is probably a precise and better way of wording this question).

-Chris

Just to clarify the 110m amount in the spreadsheet. We used the average of the last 10 difficulty change percentages (16.82%), applied it to the current difficulty of 37392766 (starting on 3 August), and compounded it every 13 days to arrive at a difficulty of 111,288,109 on 2 November. Apologies if this seems a bit simplistic, but we have to work with the numbers that are available.

Also, if you have more (confirmed) information on planned ASIC deployment in the next 3 months we would be happy to receive it and adjust our default parameters yet again.

As always, please feel free to input your own estimates.

Ok, so I have a question. I recently bought some shares and I have the understanding that it pays daily. When I logged onto my havelock account to see what was going on, it stated that XBOND paid out a dividend payment already today. Yet when I looked at my transaction log, it didn't state that there was a dividend deposit.

Was wondering how long or when do dividend payments appear in account?

Many people have always wanted to be a landlord or own some type of real estate. Unfortunately many people live in areas where it is nearly impossible to own property due to extremely high acquisition costs and very low rates of returns. On the other hand, some locations in the United States offer a wide variety of property that offers a very high return at extremely low entry prices.

Because of this, over the past few years we have purchased a few rental properties and rented them out, yielding great returns for ourselves.

Unfortunately, since 2008, it has become increasingly difficult for rehabbers and prospective landlords to gain financing for investment properties. Virtually all banks and mortgage companies require that properties be occupied and fully rehabbed before they will consider loaning on them.

This leaves one viable choice to purchase a property - Pay cash for it.

Purchasing real estate utilizing cash has several advantages over mortgages -

Sellers discount cash purchases by 10%-25% over mortgaged loans
Properties can close very quickly after an accepted contract
Financing costs are typically half versus a conventional loan

The primary drawback with this method is the large capital requirement for purchasing & rehabbing the property prior to renting it.
Our goal is to utilize a hybrid approach to purchasing real estate to use as rentals.

Locate property in acceptable price range ($15,000 to $35,000)
Purchase property without bank involvement (Cash Closing)
Rehab property for cash (repairs will run from $500 to $15,000)
Rent property
Cash-out the property via a 20 year low interest loan for 70%-80% ARV
Roll cash into new property acquisitions

With this method we can regularly re-invest in new properties and achieve a broad base of rental units without the need for second and third rounds of financing.
After mortgages, insurance, repair escrows and other management fees are paid, we expect to pay out a reasonable interest rate to stockholders. We believe that this amount will be high enough to keep the business financially viable and provide favorable returns to investors.
Our management team

We currently manage 2 properties consisting a total of 6 rental units. Check out our rental page for financial breakdowns on these properties. We have maintained an average simple return of about 24% per year over the course of 6 years. Our cash-on-cash return has been significantly higher.
Financial information

RentalStarter’s goal is to raise ฿1,000 through bitcoin funding. This would enable us to procure and rehab, for cash, approximately 3 rental properties. These properties then could be refinanced and more purchased.

70% of income after expenses will be passed through to shareholders. Income is determined by subtraction net rental income by mortgage (if applicable), insurance and property taxes and 15% off the top for management.

Of the 30% internally retained, 20% will go towards a repair escrow and 10% towards early loan payoff (This is on top of normal interest fees to build equity). (See management and retention escrows here)

There will be a 15% ‘management’ fee taken for each property will cover normal management associated to maintain the business operations of the company and income collection & distribution.

Income from the sale of any property will also be passed-through to shareholders with a similar method.

Please review our rental section for properties that we personally own and manage.
This asset is being offered with the following goals :

To provide diversification of investment for those holding BTC
Provide reasonable dividends and investment growth over several years
To allow investment in a USD denominated company with some risk mitigation concerning inflation or economic downturn

Shares

We will be issuing a total of 100,000 shares with a approximate value of $1/ea (Or .01btc) – (Total of $100,000 of investment). We plan on issuing the first 50,000 shares to purchase the first property. After we assess the time frame of additional rentals we look to issue the second round of 40,000 shares. Un-issued shares provide no dividend payments or voting rights. Issuer reserves the right to buy back any un-issued shares at IPO price.

Voting

Public voting rights will be decided by issuer at time of own discretion.


Dissolution of asset


In the event of un-foreseeable circumstance, the issuer may elect to dissolve the company with the following methods.

Shares may be bought back from shareholders at market price (110% of 7 day median market value)


Transparency

To insure complete transparency with shareholders, we will regularly upload financial statements, bank statements along with weekly investor-only videos and live chat sessions to provide updates and information on our progress.
There will be legal contract in place to insure continuation of company should the issuer meet a untimely demise.

PROFITS:

Profits will be determined after subtracting the following from income:
15% - Management Fees (This includes any and all salary/office expenses)
Any taxes, mortgage, insurance or other costs are subtracted
After that, 20% of the remaining amount will be put into a maintenance & repairs fund
The remaining amount will be considered shareholder earnings ("Dividends").

DIVIDENDS:

Dividends will be paid out every 15th of the month within a 72 hour grace period.
Dividend funds will be distributed equally amongst all shares.

Reserved Rights of Issuer

To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.

Issuer may exchange at his discretion a exchange of the 15% management fee for 35% equity in the asset. This clause is only available when the business surpasses $250,000 in assets.

To comply with SEC regulations, we currently do not allow investment from US entities.

IceDrill.ASIC
Mining Profit asset
August 5, 2013

Introduction:

DigiMex, a British Virgin Islands company (BVI Company Number: 1784369), is deploying a large-scale Bitcoin mine named IceDrill. The company is hereby releasing a asset (symbol: IceDrill.ASIC) for shares in the profits of the IceDrill mine.

To build the IceDrill mine, DigiMex has a special relationship with HashFast to acquire significant volumes of its new 400 Gh.s-1 ASIC chips on a continual basis.

The IceDrill mine, at launch, will be running with 500 Terahashes (500,000 Gigahashes) of power. This asset comprises 60% of the mine’s ongoing profits (meaning roughly 100% of 300 TH power). However, this asset is NOT tied to a specific hashrate. Rather, it is tied to a specific percentage of IceDrill profits, meaning that as the mine grows in hash power, so too do the profits earned by the shares. While one share will be worth roughly 10 Mhash of mining power upon launch, it will be worth more hash power over time as the mine grows.

In order to grow, 75% of the profit from each shares share will be paid out to the investor, and the remaining 25% will be reinvested in additional mining capacity on a continual basis. Thus, the mine will grow substantially over time to maintain the most efficient market share.

The IceDrill mine will launch with its initial 500 Th.s-1 capacity in the last quarter of 2013, likely in November.

Purpose of the asset
Money raised through this offering will be combined with privately-raised capital (already secured) for the purpose of purchasing specialized ASIC mining equipment and establishing a secure, climate-controlled mine facility in Europe (the exact location is already selected but is confidential for security reasons).

Mining start date:
The estimated time of delivery is Q4 of 2013.

The physical mine location will be prepared for chip delivery in September.
Chips will arrive in early November
The IceDrill mine will be operational in Q4 2013, likely in November.

Why should you believe in this timeframe? Because we are working with HashFast. We invite you to consider their ability to deliver chips on time and to spec for yourselves.
IPO details:
30,000,000 (30 Million) IceDrill.ASIC shares will be created at the IPO. 30,000,000 of these shares will be sold. Each share represents 1/50,000,000 of the profit of the IceDrill mine. Since the mine will open with 500 Th.s-1. of capacity, 1,000,000 shares will equal profit derived from roughly ten terahashes (10 Th.s-1) of capacity (and this will grow over time as 25% of profits are continually reinvested).

The shares will be sold in three batches:

The first batch is a initial sale of 14,500,000 (14.5 million) shares, which will be sold on BitFunder for 0.0014 BTC per share. The first batch will raise money to partially pay for chips and mining equipment from the manufacturer (HashFast, see thread https://bitcointalk.org/index.php?topic=262052.0) This money needs to be raised before the 12th of August (00:00:00 UTC, 12 August 2013) for this IPO to be deemed successful.

The second batch of 3,500,000 (3.5 million) shares and will be sold at 0.0015 BTC per share. Proceeds raised from this sale will help pay for more hardware and build out of the compute center/mine location. This batch needs to be sold by the 25th of August (00:00:00 UTC, 25 August 2013) for the IPO to be deemed a success. If this does not occur then any money collected will be reimbursed to the investors. At the opening of the mine, this equates to a price of 0.15 BTC per Gh.s.

The third batch is of 12,000,000 (12 million) shares and will be sold at the price of 0.0016 BTC per share. These shares have to be sold by the 4th of November (00:00:00 UTC, 4 November 2013) for the IPO to be deemed a success. At the opening of the mine, this equates to a price of 0.16 BTC per Gh.s.

Keep in mind that the Gigahashes represented per share will grow over time as the reinvested Bitcoins are used to purchase more hardware.

Introduction of parties involved and responsibilities
The ASIC manufacturer is HashFast, which recently made its announcement here https://bitcointalk.org/index.php?topic=262052.0, you can also check out their website for more information hashfast.com

As announced by HashFast, it is working together with Uniquify Inc to create the best mining equipment possible. Uniquify has been in the ASIC business since 2004 and has produced numerous ASIC and SoC designs. For more info about the team check out their website http://www.uniquify.com/.

The builder and operator of the IceDrill mining farm, and the administrator of the IceDrill. ASIC asset is DigiMex. DigiMex is in turn owned by PetaMex Limited (BVI Company registration number 1784386). PetaMex has four owners (details below).

Ludvig Öberg (aka DeaDTerra) is the point of contact for the IceDrill.ASIC asset and any inquiries should be sent to him.
IceDrill.ASIC Manager:
Ludvig Öberg:
LinkedIN: se.linkedin.com/in/ludvigoberg/
Forums: https://bitcointalk.org/index.php?action=profile;u=40976
Email: terragubben@gmail.com
Skype: terragubben
Title: Asset manager (Not a shareholder/Owner, nor the issuer of the asset)
Mobile Number: +46735691370 (Please only call during the hours 10-20 CET)

HashFast:
John Skrodenis:
Role: Vice President of Marketing
LinkedIn: www.linkedin.com/in/johnskrodenis

PetaMex (holding company), DigiMex (mining operator):
David Shin:
Role: Shareholder/Owner
LinkedIn: http://www.linkedin.com/pub/dave-shin/2/62b/355

Willem van Rooyen:
Role: Shareholder/Owner
Task: Mining logistics, location setup, technical team/consultant director.
LinkedIn: http://www.linkedin.com/pub/willem-van-rooyen/1/9b9/7b0
BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=8890

Lourens Vorster:
Title: Shareholder/Owner, Director
LinkedIN: http://www.linkedin.com/pub/lourens-vorster/1/a2b/8

Felix Ng:
Title: Shareholder/Owner
LinkedIN: hk.linkedin.com/pub/felix-ng/48/466/bb/

Estimates:
Estimates or speculation of potential return can be found here:

https://docs.google.com/spreadsheet/ccc?key=0AqOET6CrjiUodFIxN1Q0Q2FVT0VsalhOcVhfTmhJRmc&usp=sharing

Please note that the scenarios that have been set up are just examples and do not represent the future or actual profits. Please do you own due diligence before deciding to invest. If you want to setup your own scenarios please copy paste and plug in your own numbers. Please note that these figures do not include the electricity and rent costs. Please see other estimates of mining facilities for a cost budget.

Please note that any risks that DigiMex assumes is also a risk for the investor, as an investor owns a share of the profit and not the hardware. This may include but is not limited to risk such as failure of delivery of hardware (due to chip design flaw, malfunction in production, delays etc), theft of hardware, damage to hardware etc. Please consider this before investing,

This Bitcoin-related investment is a high risk investment and you should only invest as much as you can afford to lose. No guarantee is made of any return or profit whatsoever.

IceDrill.ASIC offering:
Each share represents 1/50,000,000 of the profit of DigiMex (The Issuer) and gives the holder right to 100% of the profit (Of the 1/50,000,000 profit). Profit is defined as income from mined bitcoin minus electricity cost,rent and maintenance. 75% (of this profit) will be paid in interest every week (every Sunday) and 25% of the profit will be reinvested in additional mining capacity. The holder of the share has the right to the full profit of any hardware purchased with these reinvestments (the 75%/25% distribution rule will again apply to hardware acquired through reinvestment).

The shares have no voting power. Shares of IceDrill.ASIC on BitFunder do not represent real world shares of DigiMex. The shares are solely a distribution mechanism for rights to profits of DigiMex. Profit distribution will not be dependent on BitFunder’s existence, in the case of where BitFunder is closed down the asset will be moved to another platform, if no adequate platform exists then payouts will happen manually to the shareholders bitcoin address.

The Issuer has the right to terminate the asset in the event of insolvency by liquidating any company savings to pay out a final dividend. The Issuer has the right to buy back, at any time, all shares issued, for 1.2x the price of the previous 7 day average market price (determined by the data provided by bitfunder.com).

The issuer has the right to release more shares at any time and for any price (the 20,000,000 shares not sold at the IPO). Because each new share holds the same proportion of the company even after more issuance, there will be no dilution to the previously sold shares.

The issuer has the right to change the price and/or amount of any scheduled batches of shares.

Please note that DigiMex will be operated by PetaMex in the foreseeable future. However, the operators (PetaMex in this case) retains the right to stop Digimex operations if it becomes operationally unprofitable. At that point, this agreement will automatically be terminated. In addition, we would not preclude the possibility that DigiMex may be sold to another operator.

Public Beta - Terms of Service
We will do everything in our power to protect you and your virtual goods. However, beyond the content of our cold wallet, the exchange is NOT responsible for ANY bad things that happen to you, your securities, your BTC.
Full Release - Terms of Service
Definitions

BTC-TC, btct.co, BTC Trading Corp, The Corporation - A Belize company operating a website for the purposes of education and entertainment via trading of digital virtual commodities. The Corporation has zero legal tender exposure in any jurisdiction.

฿, BTC - A digital cryptographic virtual commodity. Traded on the internet. Not recognized as legal tender in any jurisdiction. Frequently used as "online gaming tokens".

Digital Stock, BTC Stock, Virtual Stock, Stock - A digital virtual commodity, traded within this website. Not recognized as a real legal security in any jurisdiction.

Digital Bond, BTC Bond, Virtual Bond, Bond - A digital virtual commodity, traded within this website. Not to be recognized as a real legal security in any jurisdiction.

Digital Fund, BTC Fund, Virtual Fund, Fund - A digital virtual commodity, traded within this website. Not to be recognized as a real legal security in any jurisdiction.

Disclosure Statement

BTC Trading Corp Stock Exchange (BTC-TC) is a fictional stock market simulation operating for entertainment and educational purposes only.

To be very clear, BTC-TC is not a real-world stock exchange and does not offer opportunity for direct real-world investment or profit. While we fully expect listed virtual companies to follow through with their virtual business plans, please KEEP IN MIND AT ALL TIMES -- shares purchased on this stock exchange simulation do not entitle you to legal real-world rights to a listed virtual company as you would expect from a real company.

BTC-TC operates via our website which acts as a clearinghouse for the trading of BTC-TC listed "Securities". The underlying companies are virtual and none of the companies offer "registered" investment quality securities for sale in any form whatsoever. BTC used to purchase virtual stock here are in essence being transferred to the ownership of the person you are buying the virtual shares from, and not BTC-TC. All stock and shares purchased are for purely entertainment only, and not considered part/whole ownership in any legal entity or real life company.

The terms "profit" and "earnings" as used within the context of the website, and any claim of monetary value therein, relates solely and specifically to the valuation of BTC within our virtual economic ecosystem.

The BTC "currency" is a virtual computer generated currency, not redeemable for monetary value from BTC-TC.

BTC-TC offers no direct opportunity for conversion of (BTC) to legal tender currencies including USD, CAD, GBP, EUR, etc.

Notwithstanding the warnings herein, BTC-TC as designed and offered is a serious stock exchange simulation. The participants here “play for keeps” and their time and BTC-based holdings represent a considerable investment in our community.

Your participation here is not without risk. You could lose some or all of your BTC invested here. Only invest here what you are willing to lose.

There are additional policies, rules and Terms of Service for participation as published and amended from time-to-time. Please review and fully understand them before trading.

Finally, the operators of BTC-TC make no representation of any kind regarding the accuracy, fitness for purpose, or use of the software residing on this website. Your use of the software in any manner whatsoever shall constitute an understanding and acceptance of this Disclosure Statement in its entirety. The individuals who operate the software residing on this website offer no warranty and offer no remedies whatsoever for its use or consequence. You play this stock simulation at your own risk.

Terms of Service

BTC Trading Corp Stock Exchange (herein and commonly referred to as "BTC-TC" or "btct.co") is a fictional stock market simulation residing at http://www.btct.co ("website") and is owned and operated by the "Shareholders" (A loosely knit group of litecoin.net forum members) of BTC-TC.

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At a flat 30% yield, not compounded, it will take 172 weeks to break even.

How confident are you that they will be around in 3+ years?  How confident are you that they can maintain that yield?

What do people think about CB.IDIFF-O and the effect it might have on DMS.SELLING? They are very similar, but CB.IDIFF-O is simpler and DMS.SELLING doesn't reset every two months.

Update:

We went ahead and posted this as soon as possible. We are looking into having the founders account somehow monitored or under Burnsides oversight.

Reg.

News

Regarding shares owned by the Labcoin founders and developers.

Due to inquiries LABCOIN has received from investors, the founders and developers involved in the LABCOIN project has decided to voluntarily lock in 75% of all shares owned by the LABCOIN core team for 12-months.

This means that no founder or developer owning shares in LABCOIN will sell an excess of 25% of their shares for at least 365 days from today's date.

This is being publicly announced to set to rest any concern that the LABCOIN team has any interest in liquidating their holdings in the project.

Q: Why not lock in 100%?
A: Simply because we feel that it is only fair to allow the members of the LABCOIN team that wishes to sell smaller portions of their ownership should they need some Bitcoin for any unforeseen expense during the first year of operations.