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Author Topic: FPGA Mining Contract  (Read 36312 times)
m3sSh3aD
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November 16, 2011, 01:08:15 AM
 #121

i want more shares Smiley haha
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notme
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November 16, 2011, 03:19:52 AM
 #122

i want more shares Smiley haha

How does distributing shares proportional to existing shares make any sense at all?  It will just lower the dividend per share and everyone will get the same total dividend.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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November 16, 2011, 09:40:55 AM
 #123

Unless it's a rights issue. Each share holder has the right, but not the obligation, to purchase x shares for every y shares they own at a price of z, which is at a q % discount to the 5 day weighted average price.

Companies do it all the time. Can't easily do it on GLBSE in its current form though.


m3sSh3aD
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November 16, 2011, 11:02:27 AM
 #124

Unless it's a rights issue. Each share holder has the right, but not the obligation, to purchase x shares for every y shares they own at a price of z, which is at a q % discount to the 5 day weighted average price.

Companies do it all the time. Can't easily do it on GLBSE in its current form though.

Not even that, I want them all before any of you get them haha Tongue

You took me too serious serious sam's Smiley I'm ok with my lowly 188 for now, just like boost my personal interest in it Smiley
brendio
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November 16, 2011, 11:08:53 AM
 #125

I'll sell you a share for 10 BTC.

m3sSh3aD
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November 16, 2011, 11:10:08 AM
 #126

I'll sell you a share for 10 BTC.

I bet you would Smiley
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November 16, 2011, 04:05:06 PM
 #127

You took me too serious serious sam's Smiley I'm ok with my lowly 188 for now, just like boost my personal interest in it Smiley

Well, you have 3760% more shares than I do.

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m3sSh3aD
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November 16, 2011, 04:33:09 PM
 #128

You took me too serious serious sam's Smiley I'm ok with my lowly 188 for now, just like boost my personal interest in it Smiley

Well, you have 3760% more shares than I do.

Smiley I cant afford buy these things so this is the best alternative. Maybe in the future but for now i like this Smiley
m3sSh3aD
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November 16, 2011, 04:38:43 PM
 #129

one particular reason i bought FPGA shares is because of the small total amount of shares (6000 )

releasing more shares not good

Yes, i see your point Smiley
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November 16, 2011, 04:58:37 PM
 #130

Can we vote on selling more shares? I hold shares too and do not like the idea of selling more.
You can vote on the motion from within your GLBSE account, no?

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DeaDTerra
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November 16, 2011, 05:01:17 PM
 #131

Can we vote on selling more shares? I hold shares too and do not like the idea of selling more.
As a stockholder I do agree as this would dilute the current worth of the stocks making every stock slightly less worth, the only reason I believe releasing more stocks is if the company needs more investment to expand or invest in more equipment. In that case the worth of the stocks will increase as there is more miners running Smiley
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November 16, 2011, 08:25:31 PM
 #132

Wow, lots of discussion about this! Currently, there are no plans to release more shares. The motion on GLBSE is old and has already passed. Those additional 500 shares that were released raised enough money to buy an additional X6500 board for the cluster.

If additional shares are released it will always be to buy additional hardware, so the dividend per share should stay roughly the same. I think it makes sense to raise a motion to release some more shares after the 7 board system is up and running. This is expected to be before the end of the month.

I'll keep you all updated of any new developments!

ArsenShnurkov
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November 16, 2011, 09:29:33 PM
 #133

I think it makes sense to raise a motion to release some more shares after the 7 board system is up and running.

Did you talk to mtgox about the possibility of shareholders privilege to buy shares before other people?
Is it possible to issue obligations instead of shares?
Dexter770221
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November 16, 2011, 10:36:01 PM
 #134

Anybody knows what is happening with GLBSE?
No charts available Sad. I know that I can see everything with assets menu but charts are very helpful.

And to the topic. If you want buy shares then buy. There are many sell oferts. If new shares will be issued, price will be averaged from latest transactions, so propably higher then lowest ask on GLBSE. Correct me if I'm wrong.

Under development Modular UPGRADEABLE Miner (MUM). Looking for investors.
Changing one PCB with screwdriver and you have brand new miner in hand... Plug&Play, scalable from one module to thousands.
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November 17, 2011, 12:10:05 AM
 #135

one particular reason i bought FPGA shares is because of the small total amount of shares (6000 )

releasing more shares not good

would it make you feel better if we all had half as many shares (3000 in summa) and the price was twice as high as it is now?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
fizzisist
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November 17, 2011, 12:38:16 AM
 #136

Anybody knows what is happening with GLBSE?
No charts available Sad. I know that I can see everything with assets menu but charts are very helpful.

And to the topic. If you want buy shares then buy. There are many sell oferts. If new shares will be issued, price will be averaged from latest transactions, so propably higher then lowest ask on GLBSE. Correct me if I'm wrong.

I have no idea what's wrong with charts.glbse.com and it's been down for some time. You can always look at the FPGA.contract site for the last price, max bid, and min ask, which is pulled directly from GLBSE, not the charts site. If the charts site continues to be down, we could think about adding some additional info to our site.

Yes, if folks want to increase their relative ownership share of the cluster, by all means, buy some of the shares that are already offered by other shareholders. The lowest ask right now is 0.49 BTC.

If additional shares are released, the price will be based on a weighted average, which right now is probably near 0.49. Unfortunately, I don't know how to figure out the weighted average without the charts site, so hopefully it'll be back up before that time comes. Anyone know if this is possible to figure out by looking through the twitter ticker @GLBSE? As far as I can tell, that ticker doesn't give any indication of actual sales, only orders.

brendio
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November 17, 2011, 01:38:09 AM
 #137

It took me a while to find it, as my bookmarked links for the api were out of date, but this link https://glbse.com/GLBSE/api/trades/asset/FPGA.contract gives a list of all trades for the last 7 dates. You could import the data in a spreadsheet to calculate a weighted average, or write a script of some sort to do it for you.

fizzisist
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November 17, 2011, 09:21:12 AM
 #138

Wow, thank you both, Peter and brendio! That API link is perfect. I'll get right on a script to calculate some weighted averages!

molecular
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November 17, 2011, 10:31:53 AM
 #139

I have no idea what's wrong with charts.glbse.com

I told tcatm about it. He didn't even know, heh. Chart back up.

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fizzisist
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November 17, 2011, 10:53:56 AM
 #140

I have no idea what's wrong with charts.glbse.com

I told tcatm about it. He didn't even know, heh. Chart back up.

Well, that was easy! And I just finished my weighted average script!

Oh well, charts.glbse.com only calculates weighted averages by time, but I think it makes more sense to base it on the last 200 or so shares traded when the daily volume is so low, so my script isn't for nothing. Smiley

If you're curious, the current weighted average from that calculation is 0.363716 BTC.

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