[GLBSE] MergedMining BTC/NMC Mining Company

[OgNasty]

you should take some MergedMining shares for free, sweat equity. I thought you took some shares for yourself when registering the company?

I purchased the shares I own on the open market, just like everyone else.  It's nice to have some "skin in the game."

This might be a longshot, but I thought I would make the option available in the event shareholders wanted to unite their hashing power to increase company profits...

If you would like to donate hashing power to MergedMining, you can now point your miner to our Public worker. 

Pool URL: http://api.bitcoin.cz:8332
Login: OgNasty.Public
Password: Donate

In case anyone missed it.  Yes, that is a big "if" but as I type this our Public Worker is getting 1,175mh/s.  Thanks slush!

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[OgNasty]

A dividend of 5.457 BTC has been paid.

[slush]

wow, 3.07 Ghash :-)

[OgNasty]

wow, 3.07 Ghash :-)

Thanks again for the contribution slush!  It was great seeing our hash speed double over the last few days because of donated hashes to our public worker.  A great way to help raise funds for more equipment purchases without having to sell more company shares!

[Remember remember the 5th of November]

Can you explain to me how all this works? I am totally new. Never used GLBSE(nor now how trading in that sphere works). So I would like a couple of pointers of how one can profit from this.

[OgNasty]

Can you explain to me how all this works? I am totally new. Never used GLBSE (nor know how trading in that sphere works). So I would like a couple of pointers of how one can profit from this.

Speaking as simply as possible, it works like this.  You buy shares of the company using the GLBSE.  That makes you a part owner of the company.  You then get to vote on company motions as well as receive profits from the company in the form of dividends.  Dividends are credited to your account, and you can do whatever you'd like with them (withdraw, reinvest, spend, etc.).  There are two ways you can profit from owning shares on the GLBSE.  A) Dividends B) Buy low and sell high.

For more information on how public companies work, I'll refer you to wikipedia.
http://en.wikipedia.org/wiki/Public_company

[Remember remember the 5th of November]

Is there a minimum limit of how many shares one can buy in order to receive anything? Also, at what price are the shares?

[weex]

I

Is there a minimum limit of how many shares one can buy in order to receive anything? Also, at what price are the shares?

I believe you can only by whole shares so 1 share is the minimum and you will receive dividends if you own the share at the the time the dividends are distributed.

The price varies as per the market. Consider the market depth here: http://charts.glbse.com/markets/MergedMining/depth.html

Currently you can buy up to 114 shares at 0.138 BTC per share. If you want to sell you could sell up to 168 shares at 0.1151 BTC per share. The gap between those two prices is what's called the spread. If you need to buy or sell more shares than that, you'll get worse prices for the subsequent shares.

Hope that helps.

[sadpandatech]

You're welcome.  I've listed 500 shares for sale at the lowest ask price to raise funds for future hardware purchases.  I will leave these shares for sale until A) they're sold B) the BTC price falls to where this is no longer beneficial for current shareholders.

Did any of those shares sell? How many?
If not, would it not make sense to lower the price to move them?
If so, have any new hardware purchases been made? What? When will it arrive?

cheers

[weex]

Judging by recent volume, it doesn't appear that anywhere near 500 shares have been sold. This seems to be sort of IPO though not initial obviously. Would it then not make sense to publicize it and have the shares sold at market price at some set time?

[OgNasty]

You're welcome.  I've listed 500 shares for sale at the lowest ask price to raise funds for future hardware purchases.  I will leave these shares for sale until A) they're sold B) the BTC price falls to where this is no longer beneficial for current shareholders.

Did any of those shares sell? How many?
If not, would it not make sense to lower the price to move them?
If so, have any new hardware purchases been made? What? When will it arrive?

cheers

490 of those shares have been sold.  Funds have been raised and I have been stalking eBay and these forms for good hardware deals.  I think our current rig could handle another 5970 if we sold off our 5870.

Judging by recent volume, it doesn't appear that anywhere near 500 shares have been sold. This seems to be sort of IPO though not initial obviously. Would it then not make sense to publicize it and have the shares sold at market price at some set time?

There is no hurry to divest the company owned shares at the moment.

[OgNasty]

A dividend of 5.49 BTC has been paid.

[Kain]

Would anyone be so kind as to help me understand how to use GLBSE?

I would love to get in on this wonderful company.

[molecular]

Would anyone be so kind as to help me understand how to use GLBSE?

I would love to get in on this wonderful company.

I wrote a little howto a while back: https://bitcointalk.org/index.php?topic=51133.msg611782#msg611782

hope that helps, it's really not that hard. be sure to backup your keys!

[Kain]

I wrote a little howto a while back: https://bitcointalk.org/index.php?topic=51133.msg611782#msg611782

hope that helps, it's really not that hard. be sure to backup your keys!

Thanks a ton!

[OgNasty]

I wrote a little howto a while back: https://bitcointalk.org/index.php?topic=51133.msg611782#msg611782

Thank you!  I have added your guide to the original post.

[molecular]

I wrote a little howto a while back: https://bitcointalk.org/index.php?topic=51133.msg611782#msg611782

Thank you!  I have added your guide to the original post.

I feel honored .

[OgNasty]

A dividend of 5.466 BTC has been paid.

[weex]

Yes, this is great news!

[OgNasty]

The 5870 has now been sold.  I'll be removing it from the rig tomorrow night so there will be a drop is hash speed until our 5970 arrives.