[BTC-TC and BF] MININGCO.ETF - Closed

[ffwong]

Then you shouldn't have to spend much time on management.
And us shareholders will ring you when it's time to wake up (now is an ok time for Cog but you already know that).

I am for waiting a better moment to sell asset. Obviously now is a bad moment.
As Fundus said, we shareholders will wake you up when the time is coming.

[1715086476]

1715086476

[tekke]

Any news about this?

[Carnth]

Any news about this?

So far there is no news regarding our underlying assets. We have still been collecting dividends as usual.

I would like a consensus as to what prices I should sell for. What's a good price for Cognitive? Asicminer? NastyFans? GMP?



Speaking of dividends, I transferred 0.11928465 BTC of accrued Cognitive divs from Havelock AND 0.62623700 (minus 0.005 fee) from GMP to our public address.

[iCEBREAKER]

So far there is no news regarding our underlying assets. We have still been collecting dividends as usual.

I would like a consensus as to what prices I should sell for. What's a good price for Cognitive? Asicminer? NastyFans? GMP?

Speaking of dividends, I transferred 0.11928465 BTC of accrued Cognitive divs from Havelock AND 0.62623700 (minus 0.005 fee) from GMP to our public address.

Don't you have a red phone for the BASIC direct hotline?

No?  Damn!   

[Carnth]

It looks like Nasty Fans is going to be at .05 BTC.  I say this because OgNasty has now offered "minted seats."

A "minted seat" is a silver coin with the info to obtain a Nasty Seat and it's dividends hidden under a hologram sticker; much in the same way a physical Bitcoin has the info to obtain the Bitcoin under a hologram sticker.

OgNasty sells these by either taking an existing seat you own plus a fee and sending you the coin
OR
Selling you a seat and sending you the coin.

The difference between using your own seat and buying a new seat and having both minted is 0.5 BTC.

For kicks and giggles, I'm placing a sell order for 0.0505



GMP is making some nice dividends, but I'm still going to put about 40% of our shares for 0.299999 BTC.

Cognitive is "in the middle of receiving new gear." It would probably be good to hold off selling until it is delivered. Their Cointerra order is expected in mid Jan.


Still waiting for any other PMs from you guys on when to sell other underlying assets like ASICMINER.

[shmoula]

ASICMINER looks like will be dropping since Q1 2014, then batch of new hardware will be dispatched and start mining, so in that time price may rise. It's not good idea to sell now (price is about 0.25 and goes lower, but in the spring may be above 0.5).

[Carnth]

ASICMINER looks like will be dropping since Q1 2014, then batch of new hardware will be dispatched and start mining, so in that time price may rise. It's not good idea to sell now (price is about 0.25 and goes lower, but in the spring may be above 0.5).

It looks like the best thing to do is wait for now. I still welcome any other suggestions about ASICMINER or any of our underlying assets.

[Carnth]

Over New Year's someone went on a GMP buying spree.

17 of our 37 shares of GMP sold at .299999 BTC.

After trade fees, this is  BTC 5.09233303

Along with accrued GMP dividends on cryptostocks I have transferred a total of BTC 5.26331 to the public address.

[Findus]

Great news!

I wish I could suggest an other security for which it's time to sell, but... nope. I think we'd still better wait.

[Carnth]

52 seats of Nasty Fans sold for 0.0505 each.

BTC2.626 has been added to the public address.

[Carnth]

Letting you know that I am still alive.

If you see any market movement/good price to sell, send a PM.


I am considering moving our Direct ASICMINER share to AM1. I think it would help make selling easier.

[Findus]

Hi Carnth,

I want to thank you for your frequent updates.

I'm still looking for a good timing for any of our asset, but I think we still have to wait until many newcomers join the bitcoin-denominated stock exchange to buy overpriced assets from our hands in 2014, like I and many noobs did on btct.co and bitfunder in 2013.

[Findus]

Right after I wrote the post above, there was a good news. ASICMiner's hashrate estimate increased 10-fold.
Personally I would wait for the share to increase to BTC 2.0 at least (which may take a few weeks for the confirmation of the good news, and first good dividends), but you may want to sell around 0.7 right now, your choice.

[Carnth]

Thanks for the updates.

Keep 'em coming when the price is right.

[Carnth]

We need to make a decision about basic-mining.

It looks like creativex has pulled a BAKEWELL on us. There has been no word from him or about him in months.

Are we going to write these off as worthless? Please discuss your thoughts.

[tekke]

The basic-mining situation is pretty clear: SCAM

I"m in the google group where  user hired a PI and tried to track down creativex, just to find out the kind of scumbag he is .

[Carnth]

I've heard about the PI and a potential lawsuit. But I don't get a good feeling about either.

Should we discard them as worthless? Try to sell the lot of our shares for anything to a hopeful buyer?

Keep discussing.

[tekke]

If somebody offer us something I'll strongly suggest the sell. Heck, even if that someone wants to buy more I put my shares in the same basket.

[Surf Capital Management]

are you passing through any divs? if so, from what address?

any plans on what to do with the 26 BTC (~$17k) in the reserve fund? Buy new shares? Fat dividend to shareholders?

updated NAV?

if you wouldn't mind calling me at 855-483-2776 ext. 0, i'd appreciate speaking to you for a few minutes about the future of MiningCO.ETF

Thanks,
Garrett

[Carnth]

Hi Garret.

are you passing through any divs? if so, from what address?

All divs are still being collected. They are either paid directly to the fund's public address or held in respective exchange accounts until it makes sense to withdraw without incurring a large number of fees. All withdraws from an exchange are deposited to the fund's public address.
All dividends are tracked and added to the public spreadsheet.


Public address and public spreadsheet can be found on the seconds post in this topic:
https://bitcointalk.org/index.php?topic=134389.msg1431361#msg1431361

any plans on what to do with the 26 BTC (~$17k) in the reserve fund?

Yes.

Buy new shares?

No.

Fat dividend to shareholders?

If you mean a final payout, then yes.

updated NAV?

No. I have stopped updating the NAV.

i'd appreciate speaking to you for a few minutes about the future of MiningCO.ETF

There is no future for MiningCo.ETF. The fund is shutting down (hence the "closing" title of this thread).


The plan is to liquidate assets at a reasonable price and make a final distribution.