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

[Voodah]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

Thanks for clearing that up for me. If I did the math right, this is such a much better deal than cex.io at current share prices.

Well Cex.io is a border-line scam. If you buy from them, you're also aiding & actively contributing to the centralization and demise of Bitcoin.

Cex.io is "partnered" with Ghash.io (the mining pool with the power Cex is supposedly selling). They are currently the largest pool in the network and they have proven to be dishonest pool operators. I repeat, the majority stake in network hash and power in Ghash has been used to perform double spending attacks; from within the organization. https://bitcointalk.org/index.php?topic=327767.0

They are precisely what Satoshi and others warned about early on. A dishonest majority pool, essentially in control of the capacity to tamper with transactions.

They cannot be allowed to continue this way. Do NOT use Cex.

[1715278773]

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[btceic]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

Thanks for clearing that up for me. If I did the math right, this is such a much better deal than cex.io at current share prices.

My dividends come out to just over 10%, would you like to make an offer? 3409 shares.

[bitcoinmiami]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

Thanks for clearing that up for me. If I did the math right, this is such a much better deal than cex.io at current share prices.

My dividends come out to just over 10%, would you like to make an offer? 3409 shares.

You can see my offer here. https://bitcointalk.org/index.php?topic=328135.0

[kirk46]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

41.8mh/s share...

[bitcoinmiami]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

41.8mh/s share...

I figured   /s/ = per thousand shares:)

[maqifrnswa]

So there is more than double of the original shares issued currently outstanding. Do current shareholder get the first right to buy new shares issued for expansion so that shareholders dont get diluted?   I ask because I am going to make an offer in the order book.

New shares represented new hardware. The hashrate value of all (bitfunder and thus new forum) shares was identical (41.8 GH/s/share). There was no dilution. Shares were issued to those that underwrote the hardware purchase at a rate of 41.8 GH/s per share.

41.8mh/s share...

thanks, fixed my original post! just a typo

EDIT: I agree re: cex.io. I really like the idea, but not the implementation (the operators have been shown to be less than trustworthy). That and the market seems artificially inflated, there is no way to make money long term at those prices unless no gen2 hardware ships at all.

[rascal777]

Is there a place that I can go to see all the dividend payouts that have taken place over the past few months all in one place or post?

[btceic]

Is there a place that I can go to see all the dividend payouts that have taken place over the past few months all in one place or post?

Try this:
https://blockchain.info/address/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS?filter=1

Look for all of the ones that contain my payment address: 1NS5Bj6PDKc7P59q9XoJEGiBgeyfXh6q8j

I am not sure what the other "spends" are, possibly payments for hosting etc.

[bitcoinmiami]

Is there a place that I can go to see all the dividend payouts that have taken place over the past few months all in one place or post?

Try this:
https://blockchain.info/address/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS?filter=1

Look for all of the ones that contain my payment address: 1NS5Bj6PDKc7P59q9XoJEGiBgeyfXh6q8j

I am not sure what the other "spends" are, possibly payments for hosting etc.

Thanks for sharing! Have your amount of shares owned remained constant thoughout this time?

[btceic]

Is there a place that I can go to see all the dividend payouts that have taken place over the past few months all in one place or post?

Try this:
https://blockchain.info/address/1AddiCt8ghkH8zwPpcv8W8SxcQEoGTSJFS?filter=1

Look for all of the ones that contain my payment address: 1NS5Bj6PDKc7P59q9XoJEGiBgeyfXh6q8j

I am not sure what the other "spends" are, possibly payments for hosting etc.

Thanks for sharing! Have your amount of shares owned remained constant thoughout this time?

Yes, except for an additional ~109 shares I picked up after the ipo, but before the dividends started.

[tyrion70]

This might be easier:

Code:

1	27-Oct	0.00037241
2	03-Nov	0.00032300
3	10-Nov	0.00024896
4	17-Nov	0.00031476
5	24-Nov	0.00019969
6	01-Dec	0.00028354
7	08-Dec	0.00018358
8	15-Dec	0.00020314
9	22-Dec	0.00014851

(Btw this excludes the first one because that was different for each original GB, the numbers on those were:

Code:

Week		GB1	GB2	GB3
0	20-Oct	0.00060483	0.00000000	0.00070526

Cheers,

[rascal777]

Thanks for putting that together   

[mudge]

is there going to be a payout today?

[btceic]

is there going to be a payout today?

Yes, every sunday, usually around this time.

[tyrion70]

is there going to be a payout today?

Yes, every sunday, usually around this time.

It's underway I've been gone all day so haven't had the chance to turn on the cold wallet until just now. It has to catch up the blocks from the last week. I'll post the report shortly, tx will follow later tonight (its not a fast cold wallet )

Cheers

[tyrion70]

As promised the report. Wallet is still downloading the blockchain so the transaction will follow (worst case tomorrow morning which is about 10-11 hours from now).

As expected this weeks divs are again lower than last week due to the last difficulty change of around 30%.
The numbers:
Balance in wallet: 43.43369047 (still 4.06762806 generated coins without enough confirmations to transfer)
Still in wallet for non-confirmed shares: 1.30692968
Hosting costs: 2.647058824
Dividends: 39.47970197
Dividends per share: 0.00011792
Namecoin balance: 1093.06060493 (still keeping for later)

Only 678 shares left to confirm.

Latest sharelist can be found here:
http://pastebin.com/e95ts4YT

Dividends will be sent asap (with tx updated in this post):

Cheers and to all a happy 2014!

EDIT: Divs have been sent: https://blockchain.info/tx/e0b170279c1520bfa929dab76a3990152a862777d383de095c0afd5230c92705

[btceic]

Dividend received, thank you!

[bitcoinmiami]

Dividend received. Thanks guys.

[KSV]

Received. Thanks.

PS: You may wanna change the miner pwd . . . https://bitcointalk.org/index.php?topic=392166.0

[btceic]

Received. Thanks.

PS: You may wanna change the miner pwd . . . https://bitcointalk.org/index.php?topic=392166.0

Upvoted for visibility, did you PM/email blastbob or tyrion70 directly?