[Closing]Mining Company Closing with 3.3 GHash/s - JLP-BMD

[JL421]

  


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[bulanula]

How can we be sure you are not going to make a run for it  ?

[322i0n]

What are your plans for the expansion and growth of this operation?

[bulanula]

What are your plans for the expansion and growth of this operation?

MAN, Bitcoins will rise to $100 very damn soon. No need for none of them "plans". Plans are for idiots we trust in bitcoin price rise to bring us the godly $$$

[Ben Walsh (beamer)]

I am interested and like the approach you are taking, particularly the significant shareholder voting you intend to utilise.

Together with regularly maintaining the identified spreadsheet and text files, please ensure that the vote text and results are made fully public as soon as possible after each vote - this will help to build my perception of how trustworthy you are (your post count is far too low at the moment).

Once I have seen a sufficient amount of this, I will make my decision to invest.

[GamingG]

What's your contingency plan if not enough shares are sold in time?

[GamingG]

Total power draw: 1.2 kW/h

[GamingG]

All remaining shares were purchased this morning. I will be purchasing the next GPU on Friday, 10/14/11. The next vote for expansion will be held on 10/16/11 after dividends are released for this period.

What price would the new shares go for? 0.1 BTC, the highest bid, the lowest ask, the middle, or something else?

[Ben Walsh (beamer)]

What is your relationship with the website bitcoincharts.com ?

A very basic website is available for your viewing here. I will get around to making it look nicer soon. I promise.

[322i0n]

A very basic website is available for your viewing here. I will get around to making it look nicer soon. I promise.

this is links to GLBSE.com owned by nefario how are you going to make it look nice?

[GamingG]

What mining pool or pools are being used?  Do you have plans to use merged mining pools, especially while the Namecoin difficulty is still low?

[boonies4u]

Shouldn't your weekly reports begin with

-----BEGIN PGP SIGNED MESSAGE-----

? Besides that, you're still the most documented mining company that I have seen.

[finway]

The Most serious business on GLBSE.
Nice!

[Aureum_Coffee]

Hi.

How many shares in the market now? 

Spreadsheet shows 2254 shares. 

Is the objective still 1 share = 1 Mhash/s?

Thanks.

[GamingG]

What mining pool or pools are being used?  Do you have plans to use merged mining pools, especially while the Namecoin difficulty is still low?

I am currently mining at ARS as it provides a steady stream of income. At the moment BurningToad hasn't announced any merged mining plans, but I believe he is working on it. If I prove to be wrong,I'm not sure if I will move pools to one that does have merged mining as it would cause me more work, but I am looking into it, and will let everyone know what my plans are soon.

You should consider moving to a merged mining pool.  With the current bitcoin difficulty of 1,468,845 and namecoin difficulty of 94,036, in the time it will take you to mine 1 bitcoin, you will also mine 15.62 namecoins, which you could sell for 0.41 bitcoins, a 41% increase in yield.  With the current USD/BTC exchange rates so low, merged mining of namecoins could mean the difference between turning a small profit and barely paying for utilities.

[boonies4u]

How do dividends get paid? I now own a small amount of stock. Thanks

Dividends on the GLBSE get sent to a shareholders (except issuer) account on GLBSE. You should be able to view it in the history.

[Eveofwar]

Dividend paid

9.3077143 BTC paid to 3,585 shares

Also second 5970 installed.

After putting new thermal pads on the 5850s, temps dropped dramatically.

My limiting factor are my VRMs. With the 5850s, I went from ~91C and 100% fan for an OC, to ~73C and 65% fan. I need to do the same to my 5970s as the VRMs are extremely hot with very mild OCs...so that's the plan for tomorrow night.

Running at 91C is not healthy, at all.  Neither is running the fans at 100%.  I'm hoping the other cards aren't running under similar conditions.  Better than 80C and 85%, for 24/7 is a good goal.  The rigs should be ventilated better/differently to allow for even cooler temperatures.

I plan on purchasing some shares, just want to ensure that the equipment is here to last

[talpan]

Hey, i've bought some shares and I'm very interested in this project.

But why did you order 4gb of ram for a mining rig, 1/2gb should be enough.
This would result in a lower consumption.

regards, talpan

[talpan]

Hey, i've bought some shares and I'm very interested in this project.

But why did you order 4gb of ram for a mining rig, 1/2gb should be enough.
This would result in a lower consumption.

regards, talpan

3 reasons.

1. Resale value...should the company ever have to liquidate assets, it is easier to sell this way.
2. Cheaper...only half the memory will be installed so the other stick will be saved for a future rig.
3. Other purposes...down the road one of these rigs will be pulling double duty as a firewall/router/gateway for all the other rigs.

I'll expand on these answers later if desired

thx for clarifing this,
and is there a way to see how much shares are arvailable?

[Eveofwar]

11-5-11 : Dividend of 4.975 BTC paid out to 3,817 shares. Yay!

Now to sell more shares to pay for the rest of Rig 2!

I found 2 5970's. One ASUS 5970 for $325 USD shipped, and one XFX 5970 2GB Black Edition for $350 without shipping included.

I'm not sure how long these sellers will keep the cards around, so the sooner the shares are sold the better. It should be about 920 shares to get both shipped to me, so ya.

Another 20 shares coming your way.