[GLBSE] MergedMining BTC/NMC Mining Company

[OgNasty]

Adding more GPUs at this point would mean building another mining rig.

You can get another VGA on that board

I wish we could.  We would need to upgrade our PSU and one of our 5970s is currently blocking the last open port to add another VGA.  The port it is plugged in to does not play well with risers.  I have tried several "tricks" to get it to be detected with a riser, but had no success.

[1714171098]

1714171098

[1714171098]

1714171098

[molecular]

I thought one of the advantages of this company was the extremely low power cost.

Low power cost is one of our advantages.  This will still be an advantage using BFL Singles. 

Wouldn't is make sense to exploit that fact by buying cheap GPU instead of more expensive hardware noone knows the delivery date of?

Adding more GPUs at this point would mean building another mining rig.  I am not sure that is the right direction to be heading when FPGA mining is rapidly gaining popularity, difficulty is rising, and the block reward is set to be cut in 1/2 near the end of the year.  My vision is for MergedMining to grow to be the most diversified top quality mining company on the GLBSE and I do not think that solely "buying cheap GPU" is the way to fulfill that vision.  As for a delivery date, we should have our BFL Single before March 28th.

Allright, thanks for the info.

[slush]

I agree with OgNasty, it's better to go with FPGA than build "oldschool" mining rigs...

[OgNasty]

A dividend of 6 BTC has been paid.

[mila]

6 btc nice

does that mean more shares are traded in the wild? I don't know I swapped stock few weeks ago

[Eveofwar]

6 btc nice

Was thinking the same thing.  I really enjoy watching the weekly dividends go up

[mila]

what do you mean ?

I liquidated my 5% share in MergedMining to hop on the syndicate IPO train.
thus i did not receive any dividends lately from this company.
I observe glbse since a month or so and noticed in the previous weeks that the MergedMining dividend was stable at .001 per share and rising payout means more and more shares reach circulation (public trading). not all of the 10.000 shares were sold initially. OgNasty sells them slowly to raise capital for new mining hardware and the only method to find out how many there are is to get the dividend payout data and do a little math.

[mila]

ah ok

well there are about 4000 or 5000 shares sold

it would be good if he posted current shares sold and current shares remaining to be sold on page 1

OP shows only 1 mining rig, dont know if new mining hardware was purchased.

let me speculate that there are 6000 shares now publicly trading.
the bitcoin held is constantly rising thus no purchase took place yet.
if I only bought 1 share yesterday to get the payout per share info ...

[marked]

let me speculate that there are 6000 shares now publicly trading.
the bitcoin held is constantly rising thus no purchase took place yet.
if I only bought 1 share yesterday to get the payout per share info ...

yesterday they were trading at ask 0.18, bid 0.16, now they are at

Max Bid   0.1430000 BTC
Min Ask   0.1620000 BTC
Last Price   0.1620000 BTC

My belief is that there is substantial trading after OgNasty pays divs each week on Saturday [15:30-17:30UTC], stabilising the following Thursday/Friday. These are immediately sold uying other assets to follow for divs, immediate selling, rinse-repeat for other assets. All assets have generally paid by Tuesday evening UTC.

MergedMining pays Saturday and is first in line, then

JLP-BMD can be anywhere over from 12:00UTC Sat through to Tuesday, so is too random.
FPGA.contract is usually Sunday 18:00UTC- Monday 12:00UTC
BTCSYN too early to tell after it's IPO has only "just" finished.
PureMining is a law unto itself at the moment, another couple of weeks to settle down particularly following dividend overpayment bugs.

I don't track the following, so don't know whether they fall into my speculation
RSM - no divs as IPO concludes
BMMO - (paid Sunday - according to JL421 analysis)
TyGrr - Tuesday? - GLBSE generally stable

All of this completely knocks informed trading out as there seems to be substantial swings out of the blue without anything to substantiate it. I don't have any trading history of this or other assets to confirm or refute this belief, beyond having watched over the last two to three weeks.

JL421's recent comparison may have done something to price correct every asset to a similar div/MH/W of 0.5-1% weekly ROI but maybe one or two weeks early to tell. There is the additional factor of the Butterfly Singles being bought online for some assets as well that should be considered in price movements.

Maybe though there could be a visible fund that always buys one of each asset so that performance can be evaluated with visibly published data?

marked

[molecular]

what do you mean ?

I liquidated my 5% share in MergedMining to hop on the syndicate IPO train.
thus i did not receive any dividends lately from this company.
I observe glbse since a month or so and noticed in the previous weeks that the MergedMining dividend was stable at .001 per share and rising payout means more and more shares reach circulation (public trading). not all of the 10.000 shares were sold initially. OgNasty sells them slowly to raise capital for new mining hardware and the only method to find out how many there are is to get the dividend payout data and do a little math.

the dividend was 0.00100000 BTC/share if my records are straight.

[marked]

the dividend was 0.00100000 BTC/share if my records are straight.

Confirmed - (5 shares)

0.0050000 BTC   dividend   N/A   MergedMining   10/03/2012-17:50

marked

[mila]

the dividend was 0.00100000 BTC/share if my records are straight.

thanks for the update.
looks like the most predictable earning available : )
... and I will do my homework and fetch at least one peace from each asset I watch

for the BTCSYN there was a short lived rumor to pay out an early dividend to celebrate ipo but otherwise they seem to stick to the by laws and monthly frequency (they're reasonable and might change that in the future but since they plan to keep 80% of income for new hw purchases, weekly dividend might look to small in comparison to MergedMining and other stock that prefers higher payout than reinvesting and more pays dividends more frequently)

[OgNasty]

A dividend of 6.223 BTC has been paid.

[OgNasty]

For those of you who have been following the GLBSE, you are aware that GLBSE 2.0 is set to launch on Monday.  In addition to many great improvements, there is also the potential introduction of a few new fees.

GLBSE 2.0 Proposed Fees:

• 1% Trade Fee (paid by seller)
• 8 BTC Asset Creation Fee
• 0.5% Dividend Fee

I understand the need for fees to keep the site alive and hopefully they will one day provide nefario with great wealth for what he has created.  However, implementing a dividend fee doesn't sit well with me.  I do not feel that my shareholders should have to pay what is effectively a brokerage, for allowing them to collect income from their investments.  No brokerage has a fee like this in place and it will directly effect the earnings of your investment in MergedMining.  Granted it is only 0.5%, but I feel like we still have time to influence nefario's decision to implement this type of fee.  I have posted my opinion here, on the GLBSE 2.0 Development Thread.  Please take the time to make your opinion on the subject known, whether you support the proposed fees or not.

[Nefario]

For those of you who have been following the GLBSE, you are aware that GLBSE 2.0 is set to launch on Monday.  In addition to many great improvements, there is also the potential introduction of a few new fees.

GLBSE 2.0 Proposed Fees:

• 1% Trade Fee (paid by seller)
• 8 BTC Asset Creation Fee
• 0.5% Dividend Fee

I understand the need for fees to keep the site alive and hopefully they will one day provide nefario with great wealth for what he has created.  However, implementing a dividend fee doesn't sit well with me.  I do not feel that my shareholders should have to pay what is effectively a brokerage, for allowing them to collect income from their investments.  No brokerage has a fee like this in place and it will directly effect the earnings of your investment in MergedMining.  Granted it is only 0.5%, but I feel like we still have time to influence nefario's decision to implement this type of fee.  I have posted my opinion here, on the GLBSE 2.0 Development Thread.  Please take the time to make your opinion on the subject known, whether you support the proposed fees or not.

Feels like you're ganging up on me, anyway I'll drop the dividend fee for the time being, if at a later time I want to reintroduce it we'll have a discussion first.

On the trade fee, it was asked by someone (can't remember where) that 1% is pretty steep for one side to pay (i.e. the seller) and why not split the fee across seller and buyer.

This can be done with a currency exchange(where you can take some from both currencies) but doesn't work with shares.

Also of note regarding the trade fee will be that high volume traders will get lower fees.

Nefario.

[OgNasty]

Feels like you're ganging up on me, anyway I'll drop the dividend fee for the time being, if at a later time I want to reintroduce it we'll have a discussion first.

I apologize.  I was merely acting to protect the income I have promised my shareholders.  Thank you Nefario, for your continued efforts.  We all appreciate it.

[Nefario]

Feels like you're ganging up on me, anyway I'll drop the dividend fee for the time being, if at a later time I want to reintroduce it we'll have a discussion first.

I apologize.  I was merely acting to protect the income I have promised my shareholders.  Thank you Nefario, for your continued efforts.  We all appreciate it.

Coola boola, could you explain to this chap why split fees wont really work on a stock exchange (or explain to me why they will).

[Nefario]

how about also dropping the withdrawal fee ?

As mentioned in the other thread, the only withdrawal fee was a tiny 0.005btc(I think) to cover the network charge for processing the transaction (so I could keep my books balanced). I did have a minimum withdrawal amount of 1BTC.

As was also mentioned in the other thread I will be dropping the withdrawal fee and minimum amount.

[weex]

Thanks Nefario for getting rid of the dividend fee.

I think a withdrawal fee is fine, if you're paying it there's no reason you should eat that.

[Nefario]

Thanks Nefario for getting rid of the dividend fee.

I think a withdrawal fee is fine, if you're paying it there's no reason you should eat that.

As I said before, the main reason was simple to ensure my accounts were balanced, dealing with the network fee is actually an annoying thing about bitcoin, it's not that it's a lot it's just that I'd like my accounts to say exactly what should be in the wallet.

Actually in the very first version of GLBSE, running all the way up until July I think accounts would throw an error if what they said and what the bitcoin wallet said was supposed to be there was different. And every time this happened it locked a users account, so doing something like sending BTC to the same deposit address twice resulted in the books no balancing (because it's only meant to be one deposit per address) , it would throw an error and lock the account, wasted a terribly large amount of my time dealing with that :p