[GLBSE] MergedMining BTC/NMC Mining Company

[OgNasty]

We are now selling our donated mining power through GPUMAX.com to more effectively raise funds.  I have updated the main post with the new pool and login information.  Edit:  Decided to go back to exclusively using slush's pool for accounting and visibility reasons.

Donate Hashing Power:

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

[vuce]

A dividend of 5.466BTC has been paid.

this is 0.0005466 btc/share, correct?

[OgNasty]

A dividend of 5.466BTC has been paid.

this is 0.0005466 btc/share, correct?

No.  The current weekly dividend is 0.001BTC/share.  Shares owned by the company do not receive dividends.

[chmod755]

I'd like to see new motions on MergedMining and other mining companies (FPGA.contract, TyGrr, etc.) to find out if shareholders want to support P2SH

[slush]

chmod7: My pool is going to support p2sh in few next days. And MergedMining is using my pool.

If OgNasty don't want to support p2sh, he can change the pool, but I hope it isn't the issue :-).

[OgNasty]

A dividend of 5.463 BTC has been paid.

[OgNasty]

I have updated the original post to display our current NMC balance.  This balance is updated automatically using a script.  Go ahead and test it.  


My6ZwP3kVVdaVZ8uNMfes82cq2qEzZNkrF

[labestiol]

Perhaps you already answered that, but what do you plan on doing with the NMC ?
Sell it at some point (when ?) or sending them to shareholders if/when it will become possible with GLBSE ?

In any case, thanks for your work

[OgNasty]

Perhaps you already answered that, but what do you plan on doing with the NMC ?
Sell it at some point (when ?) or sending them to shareholders if/when it will become possible with GLBSE ?

Some NMC has been sold off in the past (that is where our BTC balance came from) and more could be sold if I feel it would benefit the company.  However, I do like the idea of using them to build a company savings account.  There are no plans to pay dividends in NMC.

[OgNasty]

A dividend of 5.435 BTC has been paid.

[mila]

I did not find any info on the dividend per share.
If that's not a secret, would you mind to share, please?

[OgNasty]

I did not find any info on the dividend per share.
If that's not a secret, would you mind to share, please?

Sure.

The current weekly dividend is 0.001BTC/share.

[mila]

...

The current weekly dividend is 0.001BTC/share.

indeed hiding the post was on the bottom of previous page
TYVM, good luck mining

[OgNasty]

A dividend of 5.5 BTC has been paid.

[OgNasty]

A dividend of 5.66 BTC has been paid.

[mila]

I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks

[OgNasty]

I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks

I hesitate to say the number of publicly traded shares has increased because the issued shares count has not changed.  However, the number of shares owned by individual investors has risen due to the company selling off shares to raise funds.  If you take a look at the original post, you can see that MergedMining has raised 50 BTC over the last few weeks for future equipment purchases.  This trend may continue in the short term, but once more equipment is purchased and in place, I plan to start aggressively buying back shares.

[mila]

I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks

I hesitate to say the number of publicly traded shares has increased because the issued shares count has not changed.  However, the number of shares owned by individual investors has risen due to the company selling off shares to raise funds.  If you take a look at the original post, you can see that MergedMining has raised 50 BTC over the last few weeks for future equipment purchases.  This trend may continue in the short term, but once more equipment is purchased and in place, I plan to start aggressively buying back shares.

Thanks, makes sense to me. I'm here mostly for the learning experience and thus ask a lot of questions.
Seems one can always guess the number of public shares by looking at last dividends paid. I've noticed the capital raised but I did not thought about where it came from.
I was not sure if a company can buy shares back. I can understand why the operator/management would buy shares but only as a private person (aka shareholder) and the concept of company buying back public shares is kind of new.

edit: i'm curious because there are almost 50% of the shares held by the company (read not issued) thus knowing when they are released to public might (not necessary) help raise capital

[qualalol]

I've noticed small changes in the the total dividends paid, increase from 5.466 through 5.5 to 5.66
does that mean that the number of publicly traded shares has risen to 5660 or do you pay any fees
at glbse? thanks

I hesitate to say the number of publicly traded shares has increased because the issued shares count has not changed.  However, the number of shares owned by individual investors has risen due to the company selling off shares to raise funds.  If you take a look at the original post, you can see that MergedMining has raised 50 BTC over the last few weeks for future equipment purchases.  This trend may continue in the short term, but once more equipment is purchased and in place, I plan to start aggressively buying back shares.

That news seems to have sent the share price rocketing...

[molecular]

I continuously buy MM shares, mostly every week, prices have always been around 0.13-0.14, never over 0.14 for long time now.

I can confirm that. I've been buying (0.125 to 0.13) and selling (around 0.14) over at least the last 6 weeks.

MergedMining is undervalued compared some of the other mining contracts. It offers roughly 39% ROI per year (without reinvesting, with reinvesting it'd be 47%) at current ask price. FPGA.contract and JLP-BMD offer only 28% and 25% respectively (JLP-BMD still exhibits unstable dividend payment, so that value is not to be viewed as solid yet).

At current dividend levels, a ROI of 30% would still be reached with a price of 0.1733 BTC per share.

(disclaimer: I own MergedMining shares)