You are correct. We still have the roll to pay out to shareholders who were below the manual payout limit. We're still working with 796 to correctly use their coupon system to pay these out.

November Dividend is Out

Our dividend has been dispersed on 796.com. Table summarizing is below. Dividends for this month are 0.00001923 per share.

< View Blogpost for Dividend Table >

Buyback Plan In Action

RSM's buyback plan went into effect before the dividend this month. We've bought back and destroyed 2,000 shares (before the dividend was paid). Leaving RSM with a total of 137,000 shares on the market.

This increases our hash rate per share from 7.9136 MH/s/share to 8.0291 MH/s/share (1.1 TH/s total).

RSM Progression Synopsis

A word on RSM Growth from our CEO:

Neptune Number Five Ordered
The Order
You have read correctly RSM has once again looked at the market and said man that is just too good of a deal to pass up! We have ordered a 5th Neptune preorder from reserves. This increases our projections of future hash rate from 13.75TH/s to 16.75TH/s (0.098GH/s/share to 0.12).

These Neptune like the last ones are scheduled to run at 3TH/s and have a 20nm architecture providing excellent power to performance ratios.

RSM will still consider selling our Gen 1 hardware once our Gen 2 hardware is up and hashing.

RSM Hardware
A Quick Summary:
< See Blogpost for Summary Table>

Neptune Number Four Ordered

RSM has re-evaluated it's position and chosen to purchase a 4th Neptune preorder from reserves. This increases our projections of future hash rate from 10.75TH/s to 13.75TH/s (77.3381MH/s/share to 0.098GH/s/share).

These Neptune like the last ones are scheduled to run at 3TH/s and have a 20nm architecture providing excellent performance specification.

RSM will still consider selling our Gen 1 hardware once our Gen 2 hardware is up and hashing.

Neptunes Coming to RSM

RSM has pre-ordered three KnC Gen 2 Miners (dubbed Neptune; technically this may be considered a Gen 3 or 4 product in general ASIC terms as 110nm & 55nm tech may be considered Gen 1 & 2) which are scheduled to be 20nm machines running at 3TH/s. Each unit costs $10,000 and is expected to be mining around March or April of 2014.

This order, when filled, will bring RSM's total hashrate from 1.2TH/s to 10.2TH/s (8.633MH/s/share to 73.381MH/s/share). This calculation does not include the third KnC Gen 1 miner that we expect to ship by the end of the week and hashing the week after. With that miner we will be at 10.75TH/s (77.3381MH/s/share).

RSM will consider selling our Gen 1 hardware once our Gen 2 hardware is up and hashing as we did with our BFL hardware.

Some have suggested that based on KnC's previous order history and their track record of increasing hashrates we should assume a higher hashrate than they are advertising. RSM is hopeful that KnC will continue this fine tradition but we cannot base our projections of that hope. We thank you for understanding.

We have not received our third KNC miner as of yet. We were having some problems on P2P and have moved back to Giga for the moment while we try to sort the issues out.

Jupiter Back on Nasty Pool

After technical difficulties, the new firmware plus our Jupiter KNC miners are back on Nasty's P2Pool. You can view our current hashrate here and view address: 1KMLjhgjGLxZTJT5TSWxV2HCZHBqpDEpa1.

Jupiter #3 Purchased Today

With the recent price rises the board and a majority of shareholders thought it wise to purchase a third 550(GH/s)@28nm KNC Jupiter today for 17BTC. With no other manufactures shipping 28nm devices yet and the 11.5BTC from the BFL sale in effect only 5.5BTC was spent on this purchase. We’re currently hoping on making the 17BTC laid out back within about nine weeks currently off this device. While we’re also currently planning on making another 10BTC on top of that off this device before selling it once we’re hashing on KNC generation two 20nm/16nm gear.

This move will boost future dividends and the stock buyback fund by 50%. Which will only help the share price. Currently all other 28nm manufactures are delayed until December at the very earliest. While the acceleration in network difficulty growth is slowing rapidly because of this.
If bitcoin was to rally over $500 while KNC still have Jupiters in stock (currently less than 80) a fourth unit would be purchased. The move to bag this third Jupiter used only around 25% of our current growth fund. The growth fund will now be raised to over $20,000 or over 60BTC (whichever is first) before any more ASIC purchases take place.

NP. It's a legitimate question and concern.

Indeed we're working on getting those out. 796 has a coupon system for off chain transactions. We're looking at that to send out the dust and we're working with 796 on the best way going forward to pay those out.

October Summary

Current Hardware

We had some issues with KNC hardware that got resolved reasonable quickly. We also sold our BFL SC's and the proceeds from that we were planning on spending on a Terrahash Miner. Terrahash hasn't shipped as we expected but the good news is that we did not spend on a pre-order. We are currently looking at new hardware options. Head over to loomio for the latest discussion on that.

Also our second KNC Miner arrived and is hashing putting us at about 1 - 1.1TH/s depending on performance.


New Exchange

RSM is up and running with 796.com and our first dividend of 2.216 µBTC has been paid. Please do note that this was originally reported as 2216 µBTC when I should have said 2216 satoshi. That was a math error on my part and I apologize for the confusion.

Unclaimed Shares

If your an investor who never updated their BTT public address or hasn't claimed their KNC shares let me know and we will get those transferred over to you A.S.A.P. Do keep in mind that share transfers on 796 are manual and not instant. But 796 has been extremely professional and timely in getting them transferred over so I don't foresee an issue.

Communications

We have loomio, the blog, the Google Plus Group and of course the Twitters @redstarmining. And of course you can always email us if you need to. Or leave a comment in our bitcointalk thread.

If it's not too late I would suggest BitVPS. They have a good reputation in the Bitcoin world.

I'll have to give that a whirl. Thanks for the tip!

Hey guys I'm trying to pull information about a transaction from blockchain.info's API. I think their API isn't working as defined.

From the API Documentation Page:

But when I do:
https://blockchain.info/address/1KMLjhgjGLxZTJT5TSWxV2HCZHBqpDEpa1?format=json&limit=100

I only get the first 50 transactions. I believe that the API is ignoring the limit command and manually placing you with only 50 transactions (Quick way to check is to find the word "result" as it only appears once per transaction).

Can anyone assist? Or does anyone know an email where I can email Blockchain directly?

They're probably the most legit BTC stock exchange available. They have a company that's actually registered to do the business they're doing in the legal district they're in. Much less likely to shut down over regulatory concerns.

Aye.

Second Jupiter Arrived and Hashing

Our second jupiter miner has arrived and is hashing! This is an exciting development for RSM.

Transferring shares. I'm not entirely sure. I would file a support ticket with 796. They don't seem to have a defined method for share transfer on their site.

796 Up And Live

RSM is now trading on 796.com.

If your a shareholder you should have received an email letting you see your account details. If you hadn't set your public address or you were an expansion shareholder who did not provide us with your contact info; Email us at accounts@redstarmining.com and we'll get you setup.

That's the plan. If everything goes well we should be on the exchange in a couple of days.