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[djjacket]

Highest Dividend queued up in two three weeks and a huge share dump.  Good time to pick up some cheap shares!

[creativex]

Highest Dividend queued up in two three weeks and a huge share dump.  Good time to pick up some cheap shares!

Done.

Edit: Went back to confirm. Today's is the second highest daily dividend ever paid by bASIC-Mining.

[creativex]

Thank you.

It's going to be hot this week(for MI) and I don't think I can/should put off the purchase of cooling gear any longer so I'm going to look into that this evening. I believe we could see some benefit from deploying some strategically placed high velocity industrial 120v fans so I'm going to look into pricing several 14" and 20" units. Cheap retail box fans are next to useless as they don't move enough air.

Cheers.

 Hey Creative,

  You're doing a great job steering your company in the right direction so I almost hate to bring this up but I think it might be prudent to shut down the GPU miners if heat is an issue.  It's probably adding 400+ watts of heat (which is the equivalent of a BFL single I think) and generating relatively little if any profit.   If the heat is going to jeopardize the operation of your next-gen miners, taking 400 watts out of the equation might be as good an option as adding a fan.  I've been experimenting with middlecoin and my 1100 kH/s rig and I would be hard-pressed to say it is profitable.  My average electricity cost is $0.18 per kWh though - we are on a time of use system so it is possible to profit if I only run it on weekends and at night but that would be a pain in the ass for the less-than-50 cents a day profit

 Take care

Hi xhomerx10. You're correct in that the GPUs are not very profitable even with middlecoin. I'll have to go over the numbers to determine if/when they're a losing proposition. At least they've been hiccup free for some while so I've not had to devote any time to keeping them running.

Cheers.

[AbendWind]

Can someone explain me about the price of shares?
Right now it is possible to buy share for .26
Does information posted by creative-x (like buying some equipment) influence share price? I am not a speculator. I just want to make investition and receive dividents. I bought a lot of shares, paid 0.2985200 per each, and thought that was really normal price. And I think, that share prices must be stable, but this day we can see the cheepest share prices. I don`t understand why.
Basic-mining is stable company with stable divident payments, so what does really influence share prices?

[creativex]

Can someone explain me about the price of shares?
Right now it is possible to buy share for .26
Does information posted by creative-x (like buying some equipment) influence share price? I am not a speculator. I just want to make investition and receive dividents. And I think, that share prices must be stable, but this day we can see the cheepest share prices. I don`t understand why.
Basic-mining is stable company with stable divident payments, so what does really influence share prices?

Hi AbendWind. Fundamentals are not driving the share price, market psychology is. Yield is over 30% based on the 24hr average and today's dividend payment and we still have the resources to continue outpacing difficulty increases.

Cheers.

[solstoce]

Can someone explain me about the price of shares?
Right now it is possible to buy share for .26
Does information posted by creative-x (like buying some equipment) influence share price? I am not a speculator. I just want to make investition and receive dividents. I bought a lot of shares, paid 0.2985200 per each, and thought that was really normal price. And I think, that share prices must be stable, but this day we can see the cheepest share prices. I don`t understand why.
Basic-mining is stable company with stable divident payments, so what does really influence share prices?

Give it some time there was some big sell walls at .3 and it looks most are crumbling, so grab on for the ride and lets talk in a couple weeks!  Keep it up creativex funny to think just a couple months ago we had only GPU miners. 

[Carnth]

Can someone explain me about the price of shares?
...
Basic-mining is stable company with stable divident payments, so what does really influence share prices?

The market is made up of people. And people are influenced by a number of factors. Usually, greed and fear.
So, to honestly answer your question: No one can tell you exactly why the shares are priced the way they are.

Past examples:

Lately, the price has been going down. This is mostly due to so many new companies offering shares for the first time (IPOs). People want to "get in on the ground floor and ride it up." In order to get funds to do this, they sell shares they have in existing companies (like bASIC-MINING). As more people sell, the price goes lower and lower. Is it gambling? Sure, but it's also investing... high risk investing, but investing. (Greed)

The price of bASIC-MINING has also sharply risen when creativex announced new equipment added to the asset. This makes sense as more equipment means more dividends. (Greed)

The price tanked when there was a hint of chance that the US government would introduce regulation. (Fear) This blew over and the market gradually recovered. (Mostly)

[creativex]

Give it some time there was some big sell walls at .3 and it looks most are crumbling, so grab on for the ride and lets talk in a couple weeks!  Keep it up creativex funny to think just a couple months ago we had only GPU miners.  

Things move at hyper speed in this space. June 20 is when bASIC-Mining paid it's first ASIC powered dividend(3 Avalon modules) and now we have 30 Avalon modules and the equivalent of 12 BFL Single SCs hashing for us. It's been quite a ride.

Cheers.

[AbendWind]

Thank you for explanations.
Carnth, you are right.
But take a look at today basig-mining share prices dymanics, and you`ll see a deep minimum at 0.22.
But there were no government announcements, no news from creativex, no bad weather )))

[runam0k]

bASIC is now undervalued*. The bubble up to .9 or whatever was blatent - too fast a rise, destined to collapse.

This is a well run operation investing relatively aggressively with solid financials and a decent return.  Moods will shift, BTC will shift, bASIC will settle at at least .4 IMO*.

The one thing I don't quite see: why is Cog and Nasty priced (consistently) higher?

* I'm a shareholder!

[creativex]

The one thing I don't quite see: why is Cog and Nasty priced (consistently) higher?

Shares outstanding. bASIC-Mining has 51,625 shares outstanding post 10:1 split(+minirig SC purchase). bASICally our share price is close to lapping our competitors' as it's up 720% since the first share was sold. A purchase of 1 share of bASIC-Mining for .33 on 12/17/2012 would now be worth 2.7069(10*.27069) based on the 7dAvg and would have returned approximately .09BTC in dividends as well. I won't even attempt to calculate the return if DRiP had been enabled as soon as it was available as my maths are not that l33t.

I believe I mentioned protecting and increasing shareholder value in the original contract. Eight months later I remain committed to this concept.

Cheers.

[stslimited]

how much more infrastructure do you have for new equipment? in amperage.


a lot of miners are getting squeezed as individuals, time to keep cranking out funds from the reserves, scoop them up

[creativex]

how much more infrastructure do you have for new equipment? in amperage.

a lot of miners are getting squeezed as individuals, time to keep cranking out funds from the reserves, scoop them up

Hi stslimited. I can add about 50A more draw on the facilities I'm currently utilizing before I'll have to add more infrastructure. I have more property now that I can utilize if necessary, I'm just trying to not get too spread out. Also colder weather will soon begin to allow me to cut power drawn by AC which will allow more power to be fed to mining gear.

Cheers.

[stslimited]

how much more infrastructure do you have for new equipment? in amperage.

a lot of miners are getting squeezed as individuals, time to keep cranking out funds from the reserves, scoop them up

Hi stslimited. I can add about 50A more draw on the facilities I'm currently utilizing before I'll have to add more infrastructure. I have more property now that I can utilize if necessary, I'm just trying to not get too spread out. Also colder weather will soon begin to allow me to cut power drawn by AC which will allow more power to be fed to mining gear.

Cheers.

why do I imagine you with the washer & dryer unplugged, the dishwasher pulled out from under the sink, and you sitting in the middle of a room in a big fur coat next to the minirig

[creativex]

Pfffft...

I sold the washer and dryer long ago. Their hashrates left a lot to be desired.

[CoinHoarder]

Pfffft...

I sold the washer and dryer long ago. Their hashrates left a lot to be desired.

lol +1

No washer, no dryer... all used up by rigs.

No oven for over a year either... that 50a plug will go a long ways. 

[solstoce]

The one thing I don't quite see: why is Cog and Nasty priced (consistently) higher?

Shares outstanding. bASIC-Mining has 51,625 shares outstanding post 10:1 split(+minirig SC purchase). bASICally our share price is close to lapping our competitors' as it's up 720% since the first share was sold. A purchase of 1 share of bASIC-Mining for .33 on 12/17/2012 would now be worth 2.7069(10*.27069) based on the 7dAvg and would have returned approximately .09BTC in dividends as well. I won't even attempt to calculate the return if DRiP had been enabled as soon as it was available as my maths are not that l33t.

I believe I mentioned protecting and increasing shareholder value in the original contract. Eight months later I remain committed to this concept.

Cheers.

Reinvesting those unused funds into AsicMiner paid off very well too got to get in on some very high paying divid weeks!  I can't wait to see what this reinvestment money gets spent on come October when all this "new tech" comes out.

[stslimited]

The one thing I don't quite see: why is Cog and Nasty priced (consistently) higher?

Shares outstanding. bASIC-Mining has 51,625 shares outstanding post 10:1 split(+minirig SC purchase). bASICally our share price is close to lapping our competitors' as it's up 720% since the first share was sold. A purchase of 1 share of bASIC-Mining for .33 on 12/17/2012 would now be worth 2.7069(10*.27069) based on the 7dAvg and would have returned approximately .09BTC in dividends as well. I won't even attempt to calculate the return if DRiP had been enabled as soon as it was available as my maths are not that l33t.

I believe I mentioned protecting and increasing shareholder value in the original contract. Eight months later I remain committed to this concept.

Cheers.

Reinvesting those unused funds into AsicMiner paid off very well too got to get in on some very high paying divid weeks!  I can't wait to see what this reinvestment money gets spent on come October when all this "new tech" comes out.

oh yeah, I forgot we did that

[demzie]

Live: http://www.basic-mining.com

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Drop comments in mailbox: demzie@basic-mining.com
Have any FAQ idea's? Drop FAQ entries in mailbox: faq@basic-mining.com
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There are still a few pages i want todo but those need input from the management

- About bASIC-Mining (Written as a story)
- Our Goals and Future
- Portfolio page (Just great pictures of bASIC-Mining Hardware collection)
- Maybe more pages based on input from you or the management ofcourse

The todo pages will come with time and planned urgency as management will decide

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[AbendWind]

demzie, wow, cool.
Is it official web-page of a company?