DigitalCoinFarm - Get shares to build your own cloud scrypt asic miner today

[gnomicide]

Congrats on selling over 50% of IPO shares (so far)!

[Triffin]

Kudos to Gray and COINFARM ..

He's showing everyone else how to operate in BitCoinLand

1) He communicates regularly with his shareholders
2) He has a plan
3) He's executing that plan
4) He posts pictures of his progress as he grows his business
5) He solicits shareholder approval for key decisions
6) He operates in a transparent fashion

Triff ..

[lynn_402]

Kudos to Gray and COINFARM ..

He's showing everyone else how to operate in BitCoinLand

1) He communicates regularly with his shareholders
2) He has a plan
3) He's executing that plan
4) He posts pictures of his progress as he grows his business
5) He solicits shareholder approval for key decisions
6) He operates in a transparent fashion

Triff ..

Very well said
I invested a good percentage of my BTC with them, and I'm not even worried. It feels great to get such good news everyday.

[badpeanut]

Unlucky with the hack pfff

Never use a public e-mail for important/financial sites. Just create an e-mail that only you know and not found somewhere on google search with your name in related. Best is to keep it for yourself and the site you use

And use the other e-mail public for daily stuff

Its make it litle harder for the hackers to GUESS your e-mail adres

[lynn_402]

"Hacker withdraw 6 btc, but strange things is ... The balance should had 25 - 26 btc in account.  Why do he just withdraw 6 btc and not all? [...]

Only 6 btc been stolen, all other our funds invested hardware.  
I dont know what should I say.  That hacked leave 19 btc to us..

He might have a conscience?   sorry about this event."

That's actually quite funny

At least that's only about 2.5% of the total amount invested in Coinfarm. We may write this off as the "hacker's tax". Still, I hope this won't happen again.

[superresistant]

I could not believe that a hacker would only take what he needs instead of all BTC but why not ?

Maybe it was a nice hacker ?

Also, when is the IPO is going to stop ?

You said it would stop after 40K share sold.

[superresistant]

does anyone know why there are another 10,000 shares in the orderbook?
edit: he sent me this http://imgur.com/SP2yRTE
I'm not sure what he means.. does he still have a vested interest in the share price?

He planned to halt at 40K first and release the rest later.
After, he decided to not hold the 20K left.
That's why we can buy all of them now.
There is no more than 60K anyway. It doesn't change much for the dividend.
It is probably better to buy the hardware sooner than later because of the difficulty increase.

[aisdoge]

I feel good about the long term prospects of this operation. However, I'm also concerned about a couple things.

Is there anywhere they keep a running list of all inventory they have on hand? It's hard to judge what their hashrate and expected payouts should be.

I'm also concerned about them placing the additional 10,000 shares for sale. Surely if they think the price of shares is going to go up, they would want to hold on to those until after the IPO is over. Any thoughts?

The last thing that worries me is the alleged 6 bitcoin theft. If these guys are running a 300 BTC (.005 BTC x 60,000 shares, currently about $180,000) operation, then they should take any measures necessary to ensure our investment is safe. I'm glad they've started using 2 factor authentication with their email now, but this is something that should have been done before they started taking our money.

Despite these concerns, I've purchased a significant number of shares. What do other investors and potential investors think?

[Ratters]

Hi all,

I think im going to invest in this, This will be my first adventure into Shares!

Im going to buy shares on Cryptostocks tonight.

Do i collect the divedends on there also?

Im looking forward to this, it looks really sound

Rgds

Ratters

[badpeanut]

Yes, you get your dividend on cryptostocks daily for now.

Plan was they pay daily dividend for the first 2 weeks, not sure if all shares are sold in the future plans.

Probaly once a week, but i hope daily or 2 or 3 days a update.

Sinds coinfarm update daily with announcement that make people buy their shares also for the trust.

Thats how humans are, been in contact 24hrs time period give people more trust with their investment.

To let this shares to be the hottest on cryptostocks they should not change their daily dividend and announcement to be honest

Obviously they have also a daily job as programmers, but after all gears are bought and installed there will be more free time for them.

Also they trying to hard when you read they are tired and want sleep.

If they want they should reduce 1 or 2 hours earlier to pay the dividend but i guess they dont want to disapoint their shareholders so they want to get maximum.

Sinds shares also sold out to fast that makes dividend sometimes to low at some point but it will definely change when the new gears are arrived

Lets print money! Peace!

[zombie_steve_jobs]

Does anyone have any predictions about what the dividends might look like after we get the 10 new miners? how about after another 6 miners on top of that?

What is everyone's target price for this stock?

[lynn_402]

Does anyone have any predictions about what the dividends might look like after we get the 10 new miners? how about after another 6 miners on top of that?

What is everyone's target price for this stock?

Before getting the Bitcoin miners, 0.3BTC were given as dividends per day. The 20TH we'll get will give us about 2BTC per day (after Grey's 15% profit). Since more scrypt miners will be orderred, I presume 3BTC will be distributed per day, divided by 60000 makes 0.00005 per share, which is about 3.5 times better than today.

It's hard to say what the share price will be at that time, but given the amount of optimistic irrationality in this market, I would not be surprised to see it double.

[zombie_steve_jobs]

say what the share price will be at that time, but given the amount of optimistic irrationality in this market, I would not be surprised to see it double.

I mean, getting 100% return on your investment within 2-3 months, that's gotta be worth something, especially when you consider that there aren't a lot of attractive investments in Bitcoin Land these days. I think that doubling is definitely underselling it.

Plus, Gray has been remarkably competent and transparent (so far). I have personally emailed him a dozen times now with questions and concerns and he always responds. There is considerable photo-documentation that he is actually doing what he says.

IMO this investment is poised to beat every crypto currency on the market right now in terms of returns

[lynn_402]

say what the share price will be at that time, but given the amount of optimistic irrationality in this market, I would not be surprised to see it double.

I mean, getting 100% return on your investment within 2-3 months, that's gotta be worth something, especially when you consider that there aren't a lot of attractive investments in Bitcoin Land these days. I think that doubling is definitely underselling it.

Plus, Gray has been remarkably competent and transparent (so far). I have personally emailed him a dozen times now with questions and concerns and he always responds. There is considerable photo-documentation that he is actually doing what he says.

IMO this investment is poised to beat every crypto currency on the market right now in terms of returns

After reconsideration, I believe you may be right and I sincerely hope so
After IPO there will have been 300BTC worth of shares sold, I thought this was a lot but then realised that the market cap of shares in Peta-Mine is about 6000BTC, so indeed there's definitely a market for Coinfarm shares at more than 2x IPO price. Especially when the new miners will arrive and people will see concretely the potential ROI of this, plus Grey's advantage at buying new miners directly from China and the low price of electricity.

[thy]

Announcement by Coinfarm 18 Mar
"....Let us wait tomorrow.... I might need to build a p2pool for our  14 x 1T asic miner...."

and announcement today, 23 Mar
".....So we will have about 19-20t hash rate. According this, I'm building our own p2pool. Someone said if i have enough hash rate Your own p2pool will incresased your daily profit. We will test it 16 more miner to come "

Running your own pool with 14 TH or later 20 TH is not a wise decition, you will most likely get a lot worse return, maby no return at all than having the miners at a big pool, preferable one with low or even 0% fee like Eligus.

The current Hashrate is 40 432 845 GH/s and you will have 14TH, 14 000 GH/s soon, thats 0,0346253% of the hashrate, it will on avg take over 20 days to find a block and in the mean time your miner gives no return whatsoever, 0%. In 1.0 days time the difficulty increases by around 18% and the 14TH is expected to only find a block every 23,66 days if you run your own pool and after around 12 more days it gets maby 15-20% worse again and so on, if your really unlucky you may never(not very likely but possible) find a block solomining.
So whoever gave you the advise to solomining with 15-20 TH really wasent thinking straight, there's for example 36,89% chance you find 0 blocks in your 14TH miners first 20 days if the difficulty woulden't increase from now in that timeframe but we already know it will go up in that time(a resonable expectation would be +56 to 70%) so the chance to find 0 blocks solomining will be higher.

The only resonable thing to do is to mine in a big pool with sha256/Bitcoinminers unless you have way over 1 000 TH and even then it's a gambling that in many cases would be negative.

[badpeanut]

PROFITABILITY CALCULATOR


http://www.bitcoinx.com/profit/

[softron]

Nice project

[lynn_402]

Announcement by Coinfarm 18 Mar
"....Let us wait tomorrow.... I might need to build a p2pool for our  14 x 1T asic miner...."

and announcement today, 23 Mar
".....So we will have about 19-20t hash rate. According this, I,m building our own p2pool. Someone said if i have enough hash rate Your own p2pool will incresased your daily profit. We will test it 16 more miner to come "

Running your own pool with 14 TH or later 20 TH is not a wise decition, you will most likely get a lot worse return, maby no return at all than having the miners at a big pool, preferable one with low or even 0% fee like Eligus.

The current Hashrate is 40 432 845 GH/s and you will have 14TH, 14 000 GH/s soon, thats 0,0346253% of the hashrate, it will on avg take over 20 days to find a block and in the mean time your miner gives no return whatsoever, 0%. In 1.0 days time the difficulty increases by around 18% and the 14TH is expected to only find a block every 23,66 days if you run your own pool and after around 12 more days it gets maby 15-20% worse again and so on, if your really unlucky you may never(not very likely but possible) find a block solomining.
So whoever gave you the advise to solomining with 15-20 TH really wasent thinking straight, there's for example 36,89% chance you find 0 blocks in your 14TH miners first 20 days if the difficulty woulden't increase from now in that timeframe but we already know it will go up in that time(a resonable expectation would be +56 to 70%) so the chance to find 0 blocks solomining will be higher.

The only resonable thing to do is to mine in a big pool with sha256/Bitcoinminers unless you have way over 1 000 TH and even then it's a gambling that in many cases would be negative.

Perhaps you should send him this by e-mail, as he does not seem to be active here.

[superresistant]

About the solo mining, Thy is right. We don't have enough hashrate for solo mining.
The variance will be too great. We cannot wait 20 days per block. What if we miss blocks for 2 months ?
This is too much risk.

Did you send the admin an email, did he reply ?

[thy]

About the solo mining, Thy is right. We don't have enough hashrate for solo mining.
The variance will be too great. We cannot wait 20 days per block. What if we miss blocks for 2 months ?
This is too much risk.

Did you send the admin an email, did he reply ?

No i havent mailed him, but feel free to relay it to him if you like.
May be good if he has the time to checks in 5 min once or twice a week on bitcointalk to keep in touch with shareholders.