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Author Topic: When buying mining shares on BTC, how are dividends paid out?  (Read 462 times)
willburgandy (OP)
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September 01, 2013, 01:04:39 AM
 #1

I am newbie and yes, I know that buying mining shares on BTCT.co is risky...but assuming that the shares I own are to pay dividends, how exactly do I get the dividends? Do they just show up in my BTC bitcoin balance? Do I have to register a bitcoin address with the company that I have invested in? I am sure this question is certain to get some eye rolls, but I figured I would just ask and get the answer from a kind soul!  Smiley
dwdoc
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September 01, 2013, 01:34:07 AM
Last edit: September 01, 2013, 01:51:29 AM by dwdoc
 #2

I believe that ASICminer sends weekly dividends directly to shareholder's wallet addresses.

willburgandy (OP)
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September 01, 2013, 01:55:30 AM
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Thanks for the reply. I read that thread and it seemed a little "loose". Just email the company and say that I own X number of shares? Then in the thread someone indicated sending screenshots and/or CSV files to prove ownership? I guess ASICMINER figured out how to do it efficiently/effectively somehow. So, I guess I will just keep a close watch on the company(s) I have bought stock in to see what their process will be. Fingers crossed.
dwdoc
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September 01, 2013, 01:58:54 AM
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Your question is a good one because here's a different answer:

https://bitcointalk.org/index.php?topic=263445.msg2968460#msg2968460

willburgandy (OP)
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September 01, 2013, 02:48:10 AM
 #5

Yeah, that would make more sense to me (i.e. that the exchange would handle the dividend disbursement since they know who owns what and how many). Thanks again for your help.
claycoins
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September 01, 2013, 04:04:44 AM
 #6

The dividends go to your wallet on btctc.

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