btt

[dexX7]

wtf 0.55 Oo i wanna buy but it won't be this price when i get my btc to btct  

Sorry ser, you missed the special summer sale of 0.52 / share.

Keep your loot safe, everyone! The treasure chest contains 1000 golden Bitcoin, our engines are running with more than 900 GH/s and a new shiny Avalon joins our fleet soon! Next stop: Dividend Islands! Crew member bobboooiie spotted 10.20697719 BTC ahead of us.

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[zxyzxy]

gah, those darn summer sales, dont remind me of them.. i also missed the 40% off price on BTC

[carnitastaco]

gah, those darn summer sales, dont remind me of them.. i also missed the 40% off price on BTC

yeah that 40% off sale was a quick one!  I missed it too

[stslimited]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

[crashoveride54902]

biggest divy payment ever....share prices drop? i don't get it...

[FloatesMcgoates]

biggest divy payment ever....share prices drop? i don't get it...

The guy who owned the minirig is probably still offloading shares

[JWU90]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

1000 BTC in reserves.

[creativex]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

Hi stslimited. We have 1061.05BTC in reserve and this amount is growing rapidly with our hash rate. When the batch 3 arrives I'll get it settled in and look for more hardware sales that make sense now that I seem to have a handle on the power and cooling requirements. I don't understand your inquiry about the shares, can you explain?

[FloatesMcgoates]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

Hi stslimited. We have 1061.05BTC in reserve and this amount is growing rapidly with our hash rate. When the batch 3 arrives I'll get it settled in and look for more hardware sales that make sense now that I seem to have a handle on the power and cooling requirements. I don't understand your inquiry about the shares, can you explain?

Weren't the batch 3 avalons supposed to have shipped by last monday? How come they havn't been received yet?

[creativex]

As we were heading for another day of below PPS dividends(and still are btw) I've shifted our BFL gear away from bitminter and aimed it at 50BTC.com, which seems to be working fine with our minirig and singles. I don't enjoy posting shortfalls day after day and worrying about whether we'll get anywhere near our expected dividend each day is beginning to wear on me.

Cheers.

[creativex]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

Hi stslimited. We have 1061.05BTC in reserve and this amount is growing rapidly with our hash rate. When the batch 3 arrives I'll get it settled in and look for more hardware sales that make sense now that I seem to have a handle on the power and cooling requirements. I don't understand your inquiry about the shares, can you explain?

Weren't the batch 3 avalons supposed to have shipped by last monday? How come they havn't been received yet?

Hi FloatesMcgoates. My understanding was that they were to begin shipping last Monday and complete delivery within two weeks. There's at least one report of a batch 3 received by a customer in the US that I'm aware of so I don't think it'll be much longer.

https://bitcointalk.org/index.php?topic=203745.msg2782713#msg2782713

Cheers.

[stslimited]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

Hi stslimited. We have 1061.05BTC in reserve and this amount is growing rapidly with our hash rate. When the batch 3 arrives I'll get it settled in and look for more hardware sales that make sense now that I seem to have a handle on the power and cooling requirements. I don't understand your inquiry about the shares, can you explain?

shares as compensation, maybe we can do mixtures in your next hardware negotiations, btc and shares

[creativex]

how much cash do we have in the treasury, or whatever, for purchases? and what else can be done with the shares?

Hi stslimited. We have 1061.05BTC in reserve and this amount is growing rapidly with our hash rate. When the batch 3 arrives I'll get it settled in and look for more hardware sales that make sense now that I seem to have a handle on the power and cooling requirements. I don't understand your inquiry about the shares, can you explain?

shares as compensation

I don't intend to make a habit of requesting shareholder approval to use our shares as currency. Minirig SCs are still fairly rare out in the wild and I considered it a  great opportunity for us to expand without draining our re-investment fund.

Cheers.

[lunarboy]

As we were heading for another day of below PPS dividends(and still are btw) I've shifted our BFL gear away from bitminter and aimed it at 50BTC.com, which seems to be working fine with our minirig and singles. I don't enjoy posting shortfalls day after day and worrying about whether we'll get anywhere near our expected dividend each day is beginning to wear on me.

Cheers.

Take a step back an relax. Most of us here understand mining has variable return. The daily return is a nice thing to watch but in reality its just a distraction from the bigger picture.

I for one wouldn't give a two hoots if you switched to weekly dividends if its becoming too much hassle.

Keep up the GREAT work.

[AngelSky]

Just a little though..

With our actual dividend, we get 2x more dividend per bitcoin invested in basic-mining than cognitive.

[miTgiB]

Just a little though..

With our actual dividend, we get 2x more dividend per bitcoin invested in basic-mining than cognitive.

That really depends on the purchased price, some have shares at BTC.35 and below, pre-split

[djjacket]

As we were heading for another day of below PPS dividends(and still are btw) I've shifted our BFL gear away from bitminter and aimed it at 50BTC.com, which seems to be working fine with our minirig and singles. I don't enjoy posting shortfalls day after day and worrying about whether we'll get anywhere near our expected dividend each day is beginning to wear on me.

Cheers.

Take a step back an relax. Most of us here understand mining has variable return. The daily return is a nice thing to watch but in reality its just a distraction from the bigger picture.

I for one wouldn't give a two hoots if you switched to weekly dividends if its becoming too much hassle.

Keep up the GREAT work.

+1

I enjoy the daily dividends, but if it causes extra stress and attention, then I would be happy with weekly ones. We are all aware of the "luck factor" and variance in found blocks that can occur daily.

[JimiQ84]

weekly dividends are fine with me. Maybe twice a week would nice too.

[eltonjock]

I say whatever makes your operation easier.  I think weekly updates are fine.

[iCEBREAKER]

As we were heading for another day of below PPS dividends(and still are btw) I've shifted our BFL gear away from bitminter and aimed it at 50BTC.com, which seems to be working fine with our minirig and singles. I don't enjoy posting shortfalls day after day and worrying about whether we'll get anywhere near our expected dividend each day is beginning to wear on me.

Cheers.

Take a step back an relax. Most of us here understand mining has variable return. The daily return is a nice thing to watch but in reality its just a distraction from the bigger picture.

Many investors choose BASIC because of its nifty, reliable daily dividends.

"Step back and relax" is not a viable option for our heroic fund owner.  He has to answer to his shareholders when divs are less than expected for days on end.

As mining gurus with vast experience, we really don't need to be lectured (again) about variance.  We get it.  We know.  We've read Meni's paper, OK?

The issue is not that we are unaware of or surprised by variance.  The issue is difficult accounting, the lack of predictability, and the 50/50 chance of below PPS returns.

When a mining security operator eschews PPS and decides to take the risk on other payout schemes, he is GAMBLING WITH HIS INVESTORS' MONEY.

It is not worth being a cheapskate and trying to save that 3% PPS fee, as I previously said and we have now seen amply demonstrated.

When you take a risk of loss equal or larger than the chance of gain it's not even a good bet.

Getting back to the "B-B-But variance will even out eventually, because PROBABILITY MATH and stuff" meme, let's just kill that stupidity dead right now, once and for all:

Description of Gambler's Fallacy

The Gambler's Fallacy is committed when a person assumes that a departure from what occurs on average or in the long term will be corrected in the short term. The form of the fallacy is as follows:

    X has happened.
    X departs from what is expected to occur on average or over the long term.
    Therefore, X will come to an end soon.

http://www.nizkor.org/features/fallacies/gamblers-fallacy.html
http://en.wikipedia.org/wiki/Gambler%27s_fallacy