CoinMonk shares related to Mining and other initiatives - Fixed price 1 BTC

[dashingriddler]

CoinMonk is a bitcoin venture run by Bitcoin Meetup group in Bangalore (India). http://www.meetup.com/IndiaBitcoin
Every bitcoin enthusiast is welcome for the meetups that happen once a month.

This listing is related to transferable shares offered on CoinMonk.com for 1 BTC each.
The investments into shares till now have been utilized to buy mining eqipments, BFL chips based miner development, and physical coin manufacturing.

Last weekly dividend issued is 0.04008998 BTC per share

More details and terms and conditions governing the purchase of shares are there on this page http://www.coinmonk.com/shares.php

I do request you to go through other web pages on http://www.coinmonk.com to know more about our initiatives and the path we are willing to follow.

CoinMonk will also look forward to facilitate the buying/selling of shares on various share exchanges in near future.

I can answer to any question you may have.

[1715205423]

1715205423

[1715205423]

1715205423

[1715205423]

1715205423

[wo0x]

Please scale up your system... looks like your Ubuntu, MySQL, Apache, PHP is under too heavy load.

CoinMonk is a bitcoin venture run by Bitcoin Meetup group in Bangalore (India). http://www.meetup.com/IndiaBitcoin
Every bitcoin enthusiast is welcome for the meetups that happen once a month.

This listing is related to transferable shares offered on CoinMonk.com for 1 BTC each.
The investments into shares till now have been utilized to buy mining eqipments, BFL chips based miner development, and physical coin manufacturing.

Last weekly dividend issued is 0.04008998 BTC per share

More details and terms and conditions governing the purchase of shares are there on this page http://www.coinmonk.com/shares.php

I do request you to go through other web pages on http://www.coinmonk.com to know more about our initiatives and the path we are willing to follow.

CoinMonk will also look forward to facilitate the buying/selling of shares on various share exchanges in near future.

I can answer to any question you may have.

[ste0024]

just buy one for test

[dashingriddler]

just buy one for test

Thank you. Your purchase of shares has reflected in stats already. You can confirm using the search box there by searching for your sending address 1Hg4...

[ste0024]

yes i buy with 1Hg4 and transfer to 1MK for see return easy

[dashingriddler]

When u r attempting to load a web page while the system is processing a block to add it to mysql database, it takes a few extra seconds but this happens once in 10 minutes. Else it should be near instant. I do not want to split the database server and website server to avoid this at this point of time

Please scale up your system... looks like your Ubuntu, MySQL, Apache, PHP is under too heavy load.

[dashingriddler]

bump !

[dashingriddler]

Dividend distributed today: 0.0302375 BTC per share !

[ste0024]

well received

thanks

[ste0024]

some news for Physical Coins

[dashingriddler]

Um, at this point of time we are waiting for our designer to give our leaflet a better look. This is the mockup we have provided him as of now http://coinmonk.com/images/leaflet.jpg

Javascript based private and public key generation script that goes for sticker printing on an A3+ paper is ready at http://coinmonk.com/gen/
This is based upon http://bitaddress.org script. Using this we can just take the html and generate the address on fly on the computer not connected to internet and print it out directly without storing the private and public keys to any computer in any format

[ste0024]

ok

i ask because i think resell some in Europe

@++

[dashingriddler]

Good to see there have been anonymous investments who are yet to identify themselves if they are willing to
Dividend issued yesterday 0.02004372 BTC per share

Good news from PCB manufacturers and assemblers who have said, they will try to have something ready for us by 5th of September.

[alwayzgame]

well um! im not anonymous i guess 

[dashingriddler]

Some photos of miner manufacturing and physical coins updated
http://coinmonk.com/coins.php
http://coinmonk.com/miners.php

[ste0024]

Some photos of miner manufacturing and physical coins updated
http://coinmonk.com/coins.php
http://coinmonk.com/miners.php

price for coins ?

thanks

[dashingriddler]

Approx 5 USD each. But i m thinking of selling only in packs of 10. So 50 USD per pack of 10.

[ste0024]

50$ for 10 x 0.01 btc = 0.1BTC

[dashingriddler]

Thats right. The rest goes to coin minting, stickers, leaflet, packaging, efforts and a bit of profit. For shipping inside india itself, I guess i can go for 40 USD for pack of 10. i dont have exact numbers till final packaging is completed.

[ste0024]

ok  not  for me

to expansive.

@++

[dashingriddler]

Last dividend: 0.02002106

We are participating in gift fair happening in Bangalore at koramangala indoor stadium that runs from 6th to 8th sept. All are welcome - Timings 11am to 7pm. We are on stall number A27. We are promoting our "physical coin" here as a corporate gift.
I have updated www.coinmonk.com/coins.php with the photos of our stall. More pics yet to come..

[dashingriddler]

Last week dividend 0.01334656 BTC per share

Manufactured miner with 2 sample chips on it. Waiting for more chips to test it in bulk.


CoinMonk stall on Giftex - September 6th to 8th 2013



CoinMonk Table view on Giftex - September 6th to 8th 2013



Team Explaining about bitcoins to 500+ people - September 6th to 8th 2013



Video Demonstration about working of bitcoin - September 6th to 8th 2013

[alwayzgame]

well done nice job!!

[dashingriddler]

Update for this week:

Last weekly dividend: 0.00646869 BTC

Image of our fully assembled mode that will be undergoing stress testing in a day or two


An optional programmed raspberry pi module to make the miners standalone is under development.
Working prototype http://www.youtube.com/watch?v=u4tDX7Lvos4 using the CPU in raspberry pi itself.
Have been sent to production just yesterday

[alwayzgame]

nice work how much ghs can it run???

[oneidentity]

Bought One share...will buy 30 in OCT if dividends are good enough as of now.

[dashingriddler]

nice work how much ghs can it run???

32 Gh/s each board. We will also be working on cascading multiple boards into a single case in very near future.

[dashingriddler]

Bought One share...will buy 30 in OCT if dividends are good enough as of now.

Um, i should say u have entered and evaluating at wrong time
As of now, our present mining operation which is the sole earner of any profits are not bringing up lot of BTC due to difficulty rise. The next good profit can be seen when we start selling miners which can only happen in October. The physical coin may have some decent sales, but the profit from it is still marginal so it wont boost up dividends to considerable extent.

[alwayzgame]

so bfl chips arrived???

[dashingriddler]

so bfl chips arrived???

Yes got 10 more sample chips.
Getting 20 more from USA through Vivek (he will ship it on thursday to India)
Purchased 96 chips pre-order over bitmit (june order so expected to receive soon)
Negotiating with many other sellers willing to sell chips

And also looking for more investors as we will need lot of btc to buy chips off the market

(presently market price for chips is about half of what bfl is offering - so we just stick to market for now than reaching bfl unless bfl reduces the price for their chips and offer delivery with in a week or two)

[oneidentity]

any latest news???

Hope you received that 100 chips!!!!

[dashingriddler]

Hello,
Yes we have 210 chips in hand now and 90 about to be sent out by bfl.
Our PCB guys got the miners working fine and they have demonstrated the successful hashing. Now waiting for manufactured miners !

We are also about to have one KnC saturn in a couple of days added to our hashing power (its struck in customs for now).