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

[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..

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[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).