[BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH!

[eRadicant]

4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.

I've been pretty busy for the past few weeks but I just realised something..
I bought 2x forum shares at 0.35 BTC each for a total of 0.7BTC [3rd batch], and I have only been issued 100 shares on BtiFunder.
Is this a mistake or ?

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[tyrion70]

4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.

I've been pretty busy for the past few weeks but I just realised something..
I bought 2x forum shares at 0.35 BTC each for a total of 0.7BTC [3rd batch], and I have only been issued 100 shares on BtiFunder.
Is this a mistake or ?

Hey,

Groupbuy 2 and 3 had 248 shares instead of 124, so got 50 bitfunder shares each, the quote above is from when there was only a groupbuy 1

We are still splitting miners into 240 shares. Price is set at 0.35 BTC per share.

Our groupbuys are special because of our ADDICTION asset on Bitfunder. Once hashing these 5 miners will become a part of the ADDICTION network, just like the previous groupbuy
Because delivery of these miners is later than the first (possibly two) batches, we can't and won't issue new ADDICTION shares until these miners are delivered and running.

Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.

[eRadicant]

Hey,

Groupbuy 2 and 3 had 248 shares instead of 124, so got 50 bitfunder shares each, the quote above is from when there was only a groupbuy 1

Thought so, didn't expect you guys would make an error like that
Thanks for the quick clarification!

[maqifrnswa]

I'm looking to purchase .5 BTC worth of shares if anyone is looking to move some?  Let me know!

To keep the posting of bids and offers on this thread down, and to make a market, I've put together this thread:
https://bitcointalk.org/index.php?topic=328135.msg3523438

Each post there updates the order book so the last post contains info on the current bids and offers. Other securities are doing this in a post-bitfunder world, and it's working for them.

Simply post your bids and offers there per the example and we can quickly and easily match buyers and sellers. Right now, no one knows who is buying or selling and for how much (without paging through this and other threads to find the occasional post).

[tyrion70]

Dividend day!

Philipma1957 again made an accurate prediction

Mined coins on which dividend this week is based:
89.50632416 (little more but they are stil maturing so cannot be spend yet)

Hosting this week: 6.152073733

Dividend: 83.35425043
Dividend per share: 0.00024896

Total shares on bitfunder: 64506
Direct shares: 270294
Total shares: 334800

Last list of direct shares: http://pastebin.com/qcNVMP9f

Direct share dividend has been paid in transaction ad46675f74c4323454be09c682e1ec01ba67ea28f4eebf588bc3a8ca84e6ad76
Bitfunder shares will be paid as soon as btc has arrived at bitfunder (waiting for confirmations). Trading is halted untill dividends are payed (should take an hour tops).

Important note, there are still invalid addresses in the bitfunder asset list: https://bitfunder.com/assetlist
Please ensure to update your address if you use bitfunder! The address should be one you own and can sign with!

Cheers,

[KSV]

as usual - excellent job - you have an investor, me, for a long time to come
Lookin forward to the next one.

Thanks again for doing this, in such an excellent manner.

 

[tyrion70]

Bitfunder dividends have been paid as well and trading has been resumed. You can again request transfers to direct shares now.

Thanks,

[philipma1957]

Dividend day!

Philipma1957 again made an accurate prediction

Mined coins on which dividend this week is based:
89.50632416 (little more but they are stil maturing so cannot be spend yet)

Hosting this week: 6.152073733

Dividend: 83.35425043
Dividend per share: 0.00024896

Total shares on bitfunder: 64506
Direct shares: 270294
Total shares: 334800

Last list of direct shares: http://pastebin.com/qcNVMP9f

Direct share dividend has been paid in transaction ad46675f74c4323454be09c682e1ec01ba67ea28f4eebf588bc3a8ca84e6ad76
Bitfunder shares will be paid as soon as btc has arrived at bitfunder (waiting for confirmations). Trading is halted untill dividends are payed (should take an hour tops).

Important note, there are still invalid addresses in the bitfunder asset list: https://bitfunder.com/assetlist
Please ensure to update your address if you use bitfunder! The address should be one you own and can sign with!

Cheers,

I was close and I want to thank you for this payment.   Look forward to next weeks.

[gogxmagog]

got mine direct! thx

[leepsteer00]

Just received my dividend, thanks for your hard work!

[kirk46]

how to a transfer bitfunder shares to direct shares?

[tyrion70]

Hey Kirk,

Quoted below:

We'll keep the transfer process intact though. So once again:

To do this transfer your shares to the ADDICTION account on bitfunder and send an email to p2poolnl@gmail.com containing:
- Your bitfunder name
- The number of shares transferred
- The BTC address you want to use for payouts. Make sure you use an address you actually own and can sign messages with!

Don't do this on Sundays because of dividend payments

If you don't have access to 2FA please let us know through PM so we can find a fitting solution.

[btceic]

Bitfunder price is up! ~.004,
I have 3409 shares for sale.
BIN price is 10BTC

[Voodah]

Hi tyrion,

Received my direct divs. Thanks a lot for the flawless work and execution. Everything on your side has been great.

Investment wise however, this has been terrible !   (I'm not complaining, just making some conclusions)

I was in Groupbuy 2 and if the predictions the guys here have been making are right (which they are so far) I will end up with somewhere around 1/3 of my original BTC.

So I was wondering a couple things and wanna ask you all out there:

how has this been for everyone else on the other buys??

what does this mean in a wider sense??
KNC surely seemed like the safest bet out there when we all got in.. if it went so wrong for us, I çan't imagine for the rest..

has every single mining investment in this 2nd gen wave failed by this much ?? does anyone know of a (prior) succesful one?

And again, thanks for everything tyrion, this is definitely not a complaint

[hasher87]

Hi tyrion,

Received my direct divs. Thanks a lot for the flawless work and execution. Everything on your side has been great.

Investment wise however, this has been terrible !   (I'm not complaining, just making some conclusions)

I was in Groupbuy 2 and if the predictions the guys here have been making are right (which they are so far) I will end up with somewhere around 1/3 of my original BTC.

So I was wondering a couple things and wanna ask you all out there:

how has this been for everyone else on the other buys??

what does this mean in a wider sense??
KNC surely seemed like the safest bet out there when we all got in.. if it went so wrong for us, I çan't imagine for the rest..

has every single mining investment in this 2nd gen wave failed by this much ?? does anyone know of a (prior) succesful one?

And again, thanks for everything tyrion, this is definitely not a complaint

It was all gone well with the share price was reaching at average high of 0.012btc per share until the share price was tanked down below to 0.006btc, and then 0.002 due to bitfunder closing down the market for the US user

[kirk46]

Hey Kirk,

Quoted below:

We'll keep the transfer process intact though. So once again:

To do this transfer your shares to the ADDICTION account on bitfunder and send an email to p2poolnl@gmail.com containing:
- Your bitfunder name
- The number of shares transferred
- The BTC address you want to use for payouts. Make sure you use an address you actually own and can sign messages with!

Don't do this on Sundays because of dividend payments

If you don't have access to 2FA please let us know through PM so we can find a fitting solution.

thanks but im still confused...

its asking the username im sending the shares too?

and the share amount is how many shares i want to transfer?

[tyrion70]

thanks but im still confused...

its asking the username im sending the shares too?

and the share amount is how many shares i want to transfer?

The user name is ADDICTION and the share amount is indeed how many shares you want to transfer

[kirk46]

thanks but im still confused...

its asking the username im sending the shares too?

and the share amount is how many shares i want to transfer?

The user name is ADDICTION and the share amount is indeed how many shares you want to transfer

thanks

Done email sent thanks

[tyrion70]

Hi tyrion,

Received my direct divs. Thanks a lot for the flawless work and execution. Everything on your side has been great.

Investment wise however, this has been terrible !   (I'm not complaining, just making some conclusions)

I was in Groupbuy 2 and if the predictions the guys here have been making are right (which they are so far) I will end up with somewhere around 1/3 of my original BTC.

So I was wondering a couple things and wanna ask you all out there:

how has this been for everyone else on the other buys??

what does this mean in a wider sense??
KNC surely seemed like the safest bet out there when we all got in.. if it went so wrong for us, I çan't imagine for the rest..

has every single mining investment in this 2nd gen wave failed by this much ?? does anyone know of a (prior) succesful one?

And again, thanks for everything tyrion, this is definitely not a complaint

Hey,

It seems that GB1 and GB3 have done best. During GB2 BTC price fell down which made the miners on GB2 relatively more expensive than those on GB1 and GB3.

I don't know about the 1/3rd in btc terms, it all depends on how long we can continue to mine and how the difficulty develops. Last weeks dividend was more than 4% of the initial buyin of GB2.

Maybe Bitfury is the only other company that did a little better because they delivered earlier. Other than that I think KnC has been the best bet so far. Especially if you look at the fact that we bought a 350GH miner initially and got a 500GH+ in the end..

All in all, looking back you are not wrong by saying you should have held on to your initial btc, on the other hand if everyone would have done that difficulty would not have been where it is now and btc price probably wouldn't have been either. Also I'd buy a KnC miner any day over a BFL miner

All that's left now is hope that BTC keeps growing in terms of $ and hope that difficulty flattens out.

[Kushedout]

Some of us were also able to scoop up extra shares during the panic sell/buys. So, I think some did better then others.

But I have to agree, KnC and Metabank somewhat pulled it off. Aside from that, this was one of the best managed GB I have been involved in.

1) Great communication
2) Smooth deployment
3) Divs on time as promised.
4) all around professional.

Thanks Tyrion70 / BlastBob, for what its worth, it was an exiting ride.

Best of luck with DISCOVERY.