btt

[creativex]

10:1 would seem the sensible division. Very easy for all to just move the decimal and would give a nice level of liquidity. I think this would be forward thinking.

Though it's not what I had in mind initially, I tend to agree.

Cheers.

[1714940988]

1714940988

[1714940988]

1714940988

[miTgiB]

https://bitcointalk.org/index.php?topic=130982.0

Motion to suspend the 30% Reinvestment Fund contributions and instead disperse
the funds as daily dividends to shareholders, until such time as the company's
pre-ordered bASIC01 mining unit arrives. At such a time the 30% Reinvestment
Fund would be reinstated as per bASIC-MINING's contract.

https://bitcointalk.org/index.php?topic=130982.msg1423888#msg1423888

While we could wait until the sun burns out to receive our bASIC01 mining unit(...and remain empty handed...and cold), we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.

Cheers.

Haven't the funds been recouped and redeployed into Avalon now?  If so, the arrival of the batch 3 unit should probably be a signal to resume the reinvestment fund.  Or after x% of initial capital has been deployed.

And you are right, my idea was a fustercluck.

[creativex]

Yes they have. The arrival of our batch 3 unit or the addition of more ASIC mining gear seems like a reasonable compromise for reinstatement of the growth fund.

I took a bit of a bath in the bakewell fiasco which was, at least initially, centered around treasury shares. It's the long way around setting up a simple growth fund and in this case was also used to negate shareholder votes.

Cheers.

[carnitastaco]

hey creative, apologies if I missed it earlier, but how much did you pay for the new avalon?

[creativex]

hey creative, apologies if I missed it earlier, but how much did you pay for the new avalon?

Hey carnitastaco. You didn't miss it, I have many updates to make to the spreadsheet, just need to get it done. The Avalon was being priced in USDs(20k). The BTC equivalent at the time was 195.79050416. Paying so much is a risk if difficulty remains on the same trajectory it has been on, but it's about the best we could hope for IMO. I've just begun studying overclocking results(beyond 300) with Avalons so I'm hoping to squeeze more out of them when I have time to babysit them. Thus far they seem 100% stable at their extreme setting with only one hiccup over the weekend...which appeared to have been a loss of wifi connection.

[creativex]

Despite bitparking being bogged down on a 14 hr block currently and bitminter crunching away on a 4.5 hour monstrosity of it's own, today's mining revenues of 2.47945214 are our largest yet. Enjoy!

[carnitastaco]

hey creative, apologies if I missed it earlier, but how much did you pay for the new avalon?

Hey carnitastaco. You didn't miss it, I have many updates to make to the spreadsheet, just need to get it done. The Avalon was being priced in USDs(20k). The BTC equivalent at the time was 195.79050416. Paying so much is a risk if difficulty remains on the same trajectory it has been on, but it's about the best we could hope for IMO. I've just begun studying overclocking results(beyond 300) with Avalons so I'm hoping to squeeze more out of them when I have time to babysit them. Thus far they seem 100% stable at their extreme setting with only one hiccup over the weekend...which appeared to have been a loss of wifi connection.

thanks for the quick answer

[runam0k]

Have you considered Eligius as one of your pools?  Solid for me over the last month or so.

http://eligius.st/~wizkid057/newstats/blocks.php

[gimme_bottles]

is the second avalon already mining and included in the last dividend?

(sorry if i overread something  )

[creativex]

is the second avalon already mining and included in the last dividend?

(sorry if i overread something  )

Hi bottles. I didn't get the new rig transported, hooked up, and configured until fairly late last night, so while it did contribute to today's dividend, tomorrow will be our first with both mining all day.

Cheers.

[creativex]

New motion posted for bASIC-MINING shareholders:

Shall bASIC-MINING institute a 10:1 stock split?

Given the recent share price appreciation a stock split may help improve liquidity.

This motion can be voted on here:

https://btct.co/security/BASIC-MINING

[matt4054]

Voted YES of course

I like the 100% approval rate LOL

[stslimited]

I vote yes, for tighter spreads



I like how so many finance terms sound interesting like that

[Carnth]

There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.

I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).

The mining power we now have more than covers it.

[crashoveride54902]

wow did the price take off...bought 3 @ .66 looking pretty good right about now...wish i could have bought more...I'm hoping the split goes through have 5 btc inbound via coinbase

[creativex]

There's a growth fund built into bASIC-MINING's contract as it stands
...
The growth fund(or Reinvestment Fund) was suspended by shareholder vote on 12/29/12 after delays to the original ASIC hardware shipment
...
we have received nearly twice the hashing power it would've provided had BTCFPGA not gone south.

I would you like to raise that the Reinvestment fund be reinstated (if it isn't already).

The mining power we now have more than covers it.

This should not require a motion as the terms have been met. I'll reinstate the fund tomorrow.

Cheers.

[creativex]

wow did the price take off...bought 3 @ .66 looking pretty good right about now...wish i could have bought more...I'm hoping the split goes through have 5 btc inbound via coinbase

Avalon really came through for us. We've reached a milestone 5000BTC market cap.

[MrBubbles007]

Wait, so it is getting split or isnt it...

[creativex]

Wait, so it is getting split or isnt it...

It is if the motion passes.

[matt4054]

It is if the motion passes.

The motion will pass. I just bought some more shares

EDIT: it passed