T

[El Cabron]

T

[1714195586]

1714195586

[1714195586]

1714195586

[1714195586]

1714195586

[1714195586]

1714195586

[btc_artist]

Thinking about this.

[DeathAndTaxes]

What is the aggregate hashing power of all rigs?
What is the combined electrical load of all rigs?

[likuidxd]

can't bring the website up

[zapeta]

I just bought a couple shares.  I look forward to this really taking off!

[bitstarter]

Goat good job!  I'll think about getting some 

[finway]

free electricity ?

[Eveofwar]

free electricity ?

From the thread...

"Electric costs
The current rate of electricity is 4.09 Thai Baht or .1323 USD per MWH after all taxes. Electricity will need to be paid local in Thai Baht."

Worthless posts you make are worth nothing.  Go grab a book and learn to to read.

[likuidxd]

free electricity ?

From the thread...

"Electric costs
The current rate of electricity is 4.09 Thai Baht or .1323 USD per MWH after all taxes. Electricity will need to be paid local in Thai Baht."

Worthless posts you make are worth nothing.  Go grab a book and learn to to read.

You should probably go read as well. Goat made a thread about having free electricity in a restricted are. Don't be a knob, you could have just answered his question and moved along.

[Eveofwar]

free electricity ?

From the thread...

"Electric costs
The current rate of electricity is 4.09 Thai Baht or .1323 USD per MWH after all taxes. Electricity will need to be paid local in Thai Baht."

Worthless posts you make are worth nothing.  Go grab a book and learn to to read.

You should probably go read as well. Goat made a thread about having free electricity in a restricted are. Don't be a knob, you could have just answered his question and moved along.

Don't spoil it for him, I gave incentive to browse around.

[filharvey]

I'm hoping that you will do a good job on this. I have purchased a couple of shares and also have 40+ shares in the loan deal for the video cards.

Phil

[DeaDTerra]

just saw dividends for my TyGrr shares , high returns !

I will buy more now

No no! At least on the high returns!! What happened is I was testing the GLBSE system for giving out dividends. I assumed that the BTC I sent out would go to all shares created (meaning I got most of the BTC back!). However they only went to the shares that have so far been sold. So you got a free .09090909 BTC. This was a learning mistake but this is why I tested it first.

This was not at all a dividend but please feel free to buy more shares:) Or at least invest the free BTC back into the company!

Thanks!

Thank you for the 0.09 BTC, I had just bought a share when the dividend was issued xD How will the dividend look once we get started and when will the dividend be issued?

[likuidxd]

I will gladly invest more when I see you're operational

[LoupGaroux]

I am looking forward to investing with you, this seems to be a well thought out and planned venture, and being run professionally.

One quick comment if I may? On your photo pages you include photos of your personal documents. These are a magnet for online scammers of the Nigerian 419 variety, and could lead to your identity being used for fraudulent purposes. I would strongly urge you to remove them or watermark/deface them so that they could not be used for evil purposes.

[Eveofwar]

I might be willing to invest here, except for that fact that your electricity rates are a tad bit high.

Have to figure out some way to lower these costs, as the hashing output is high and sustainable if upkeep is well.

[zapeta]

We are currently mining @ 8100MHash/S at Eclipsemc.com under the name LimpidGoat.

You can check our hashrate here after they mine their next coin. https://www.eclipsemc.com/top_miners_pie.php
My numbers will be low right now because it is the average hash for the whole round and I just jumped in.

5x 5830s and one 5770 is not running right now. Also the cards are not maxed out just yet, will work on this.

Thanks!

It appears that you need to be logged in to see the top miners.  However, if you generate an API key and provide the link to that we should be able to see the stats.

[sadpandatech]

We are currently mining @ 8100MHash/S at Eclipsemc.com under the name LimpidGoat.

You can check our hashrate here after they mine their next coin. https://www.eclipsemc.com/top_miners_pie.php
My numbers will be low right now because it is the average hash for the whole round and I just jumped in.

5x 5830s and one 5770 is not running right now. Also the cards are not maxed out just yet, will work on this.

Thanks!

It appears that you need to be logged in to see the top miners.  However, if you generate an API key and provide the link to that we should be able to see the stats.

Here is the API key however I am not sure how to make this useable. Someone with more knowledge please post the correct html form. Thank

7d0d1ac7a6b1fea3c46f27de5ff431

Still having some issues stabilizing the machines/cards but we are working on this. Thank you!

    https://www.eclipsemc.com/api.php?key=7d0d1ac7a6b1fea3c46f27de5ff431&action=userstats

Only thing I'd request Eclipse to add into their API is some BTC/Time stats. 24h and 7day would be nice.

[DeaDTerra]

Update:

We have had significant down time due to internet fail. The internet company was out just hours ago and REPLACED the outside line! They also made it so we can have 50% more bandwidth. I will test this to see if it will be good enough so we will not need to get a new line.

The motherboard that was getting fixed is back! It took less than 10 days to get it shipped to BKK have the factory fix it and ship it back! My computer guy here has connections and we can expect this sort of response time in the future.


The kill-a-watt is not here yet but should be here any time.

I have been very busy dealing with internet fail/Thanksgiving but will devote my weekend to getting everything up and running. Hopefully we will be at full power come Monday morning!


Thanks

Edit: Currently running at a not maxed and maybe not stable 8.6 GHash/S    Will get that other rig set up tomorrow. Expect an update then!

Thanks

So we can expect a bit lower dividend this week then normally?

[DeaDTerra]

Update:

We have had significant down time due to internet fail. The internet company was out just hours ago and REPLACED the outside line! They also made it so we can have 50% more bandwidth. I will test this to see if it will be good enough so we will not need to get a new line.

The motherboard that was getting fixed is back! It took less than 10 days to get it shipped to BKK have the factory fix it and ship it back! My computer guy here has connections and we can expect this sort of response time in the future.


The kill-a-watt is not here yet but should be here any time.

I have been very busy dealing with internet fail/Thanksgiving but will devote my weekend to getting everything up and running. Hopefully we will be at full power come Monday morning!


Thanks

Edit: Currently running at a not maxed and maybe not stable 8.6 GHash/S    Will get that other rig set up tomorrow. Expect an update then!

Thanks

So we can expect a bit lower dividend this week then normally?

No, if anything higher. The first week you will get the dividend based on what 10 GHash/S would get you. I still own 99.2% of the company and will cover the losses that are partly my fault. As the CEO and main owner its my duty to keep shareholders happy. The people who have invested in me with the 13 shares will not be at a disadvantage because they invested before I was 100% ready. This next week I will still be testing stuff out so I wont be 100% either. But I will pay out at least 10GHash/S for that week as well.

Okay seems very nice of you, happy to see that your are dealing with the problems professionally. Think I will invest in a couple of more shares once I get the bitcoins for it

[Ben Walsh (beamer)]

I am watching your activities and I am impressed so far. You certainly seem to be taking steps to ensure you don't make the mistakes that other mining companies have made.

If I see a consistent and reliable set of dividend payouts over a reasonable period - at the moment I am thinking two months, coupled with a continuation of your professional, honest and fair approach, I will be investing.

[btc_artist]

Bad memory?

[btc_artist]

Oh, sorry! I was referring to one possible reason for why Win7 was crashing. It could be corrupted memory. Try switching out the memory and see if it still happens, alternatively, try running the memory from this box in another box and see what happens.

[btc_artist]

np. Sorry for my cryptic post.

[BitServers]

We purchased a few assets last night, hope to see this succeed

If it goes well we'll be buying more.

[DeaDTerra]

Any new news or updates?

[DeaDTerra]

Really good job with all of this so far I have so far bought 8 Shares for my Investment Fund, I have a question about the dividends are they divided between the shares that have been bought or all the 1500 shares?

[tnkflx]

Is it still possible to buy shares?

[btc_artist]

Is it still possible to buy shares?

It is.

[Dansker]

My signature, look at it!!!

[btc_artist]

Goat, what pool are you pointing these cards at?

[btc_artist]

btc_artist, you offered to help me out with webdesign before. Would this be something you could help me with? https://bitcointalk.org/index.php?topic=54465.0   It is also related to your question:)

That's well within my skill set, but I won't promise I have time in my schedule to take it on.  If you want, go ahead and PM me the details and I will take a closer look.

[Red Emerald]

Any interest in FPGAs?

I think it would be (relatively) easy to use the spare USB ports and power cables on your GPU miners to run FPGAs.  Your electricity isn't too expensive at $.13/kWh, but FPGAs are more efficient than GPUs.

[teek]

Just a heads up we have the lowest stock price ever and will have the highest dividends ever coming up in a few hours!  Thanks~

How many shares outstanding?

[DeaDTerra]

What do the stock holders think about buying an Icarus board for the company?  Should I make a voting motion on GLBSE?

It generates 360MH/s hashing power. 19.5W on wall. I would just have it running on one of the rigs so the power would be almost nothing. Cost is around $600.


https://bitcointalk.org/index.php?topic=51371.0

I think it sounds like a good investment for the future, as they seem more stable and cheaper to maintained and run. As the cost for adding the boards is the board cost it's self I think it's a good idea instead of expanding to more rigs
I think putting up a motion on GLBSE is always a good idea to check what the stock holders want to do.

[LoupGaroux]

Agree that a motion is a superior idea in terms of gauging how the asset holders feel about the addition. Given the exceptional track record of the first month or so, I can speak for 14% of the sold shares and say I would be in favor of diverting a portion of the revenues to expanding the mining equipment base with FPGA.

Just a quick thought- would buying an Icarus affect the payoff schedule for the BIB.goat issue, or is that staying on track?

[LoupGaroux]

Nice response on the BIB.goat issue. I think you are spot on with how to proceed- designate the next X dollars of IPO revenue (61 shares each? not bad!). I support this idea, never hurts to diversify the means of production. And it might help with not having to buy so many fans! You should consider opening a subsidiary that provides wind tunnel facilities! Of course a lot of us are probably doing the same Rube Goldberg approach, I am sitting here with two windows wide open in 20 degree weather (F, -6.7 C) and 500 cfm worth of fans exchanging air.

Also- another thought- have you looked at pointing some of the mining at the new merged bitparking? With triple merge (btc/i0c/nmc) I have bumped my revenue by almost 25% with the same hashing power. Nothing wrong with Eclipse, and I am watching Project #2 closely, but a few cycles making a few extra baht? What's not to like about that?

[zapeta]

I was talking with a shareholder recently and we came up with the idea about having a limit on the BTC low price of the stock. In the contract I stated that we would sell the stock at $10 but in BTC. When I did this we were in a down turn and I wanted to protect the value of the first investors. I had assumed that I would have sold the IPO stock more quickly than I did and on the upturn the price would correct. We have not fully sold and I fear that people are no longer buying stock because they think the BTC price will just keep going up so the "buy later and not now" mentality is in effect. If we change the contract in a motion to either $10 in BTC or 3 BTC (whatever is higher in purchasing power) we will be able to protect the current investors and help get more funding for the FPGA expansion (assuming we vote to do this). I would like some feed back on this idea if you guys don't mind.

As a first investor, I support this idea and I would be more willing to invest further knowing the value is protected a bit better.  I also like the idea of putting some of the profit towards purchase of FPGAs.

[DeaDTerra]

I was talking with a shareholder recently and we came up with the idea about having a limit on the BTC low price of the stock. In the contract I stated that we would sell the stock at $10 but in BTC. When I did this we were in a down turn and I wanted to protect the value of the first investors. I had assumed that I would have sold the IPO stock more quickly than I did and on the upturn the price would correct. We have not fully sold and I fear that people are no longer buying stock because they think the BTC price will just keep going up so the "buy later and not now" mentality is in effect. If we change the contract in a motion to either $10 in BTC or 3 BTC (whatever is higher in purchasing power) we will be able to protect the current investors and help get more funding for the FPGA expansion (assuming we vote to do this). I would like some feed back on this idea if you guys don't mind.

As a first investor, I support this idea and I would be more willing to invest further knowing the value is protected a bit better.  I also like the idea of putting some of the profit towards purchase of FPGAs.

If we change the rules now we are only going to hurt people who have not yet invested and thus have no voting rights. I will make a motion on the 3 BTC limit first(unless we should make it a different value). following that a vote on the FPGA. What is a reasonable amount of time for the votes? 3 days? A week? Until we get 50% of the vote in?

Thanks.

I would say until either 50% of the shareholders votes yes or no, because then even if people haven't voted yet the outcome will be the same, with a maximum of 7 days.I also support this decision, I think it will help to stabilize the share value and bring in new investors.
//DeaDTerra

[btc_artist]

I would say until either 50% of the shareholders votes yes or no,

Well, Goat has 90%+ of votes covered then.....

[LoupGaroux]

Well, those who have not invested yet actually would not get hurt, because they can choose not to be investors if they don't like where the company is going. I support the value floor for the asset, although I was happy to get my last couple at 2.5, I understand and support having a floor value. Investors who are not around now will be buying shares of the asset without the dividends that we are receiving now, so they are buying whatever the share is valued at when they buy it, what has happened up to that point is not a factor, other than to make the investment an attractive one or not.

And my fan comments were tongue in cheek, I expect many of us have put together all kinds of elaborate air movement systems, and yours just brought a smile to my face.

So- 3btc/$10 USD value floor, thumbs up.

Set aside new investment designated as FPGA expansion money, thumbs up. Especially if there is announcement made if that is the direction so new investors can be aware of the full range of the company.

As to merged mining... it is pure found money. The extra i0c's and nmc's that I am pulling in with 2.25 Gh of mining while still operating my systems on a constant basis (non-dedicated) adds up to an extra .75 btc per day when dumped on the exchanges. I am also parking a browser on the java i0c pool for each machine, which is generating another 3,500 i0c per day. Why knot said the dominatrix?

[sadpandatech]

Are dividends due out today? I am not clear on the current schedule.

[sadpandatech]

I have always paid out on Tuesdays around 16:00 Thailand time. This is also in the contract details. If I have spare time on the weekend I let let people in the thread see the expected dividends. I will not have time to do that this weekend, sorry. I will pay out dividends on Tuesday and make a post showing the maths.

 No worries. The info in the first post and reading one of the 'expected' dividend details on Dec. 10th lead me to ask.

  Cheers

[LoupGaroux]

Just a little personal pet peeve, if you will indulge me for a moment?

When listing a motion on GLBSE, it is very helpful if you identify the asset under consideration in the motion. I know this one we have been dicusssing and you announced it, but if I had just checked motions without reading this thread... I would be wondering who it was for.

Thanks.

[Ben Walsh (beamer)]

That's a failing of the GLBSE system itself. It shouldn't be necessary for those creating a motion to specify the asset it is related to - that information is almost certainly part of the data associated with the motion already.

Raise it as a "feature request" with the GLBSE team.

Just a little personal pet peeve, if you will indulge me for a moment?

When listing a motion on GLBSE, it is very helpful if you identify the asset under consideration in the motion. I know this one we have been dicusssing and you announced it, but if I had just checked motions without reading this thread... I would be wondering who it was for.

Thanks.

I 100% understand you now. This is all new to me but I will improve. Thank you and Merry Christmas!

[notawake]

There is a motion up about setting the BTC price floor to 3BTC.   I will not be voting in this.  There have been 105 shares sold.

I try to get rid of the fans to save electric. I will PM you LG to learn more about the i0coins.

The next motion will be about the FPGA boards. They really are looking like the direction we should be moving into. The presale will start on Jan 1st so it would be awesome if we could get the funds by then but that might be too much to ask.

Thanks all!

How long will this motion be open?

Also, I think GLBSE is down. I can open the web client, but it doesn't retrieve any data. The asset contracts link shows a server side application error.

[StewartJ]

Just a heads up we have the lowest stock price ever and will have the highest dividends ever coming up in a few hours!  Thanks~

How many shares outstanding?

I have sold 90 of the 450 for the IPO.  (There is 1500 total but I am keeping most!)

Hi Goat,

Am looking to invest in shares of your IPO, do I do this through GLBSE? I just opened an account there.

And how do GLBSE members get dividends from you, is it automatically sent to their accounts?

I like what I see so far with your mining start-up, keep up the good work!

SJ

[DeaDTerra]

Just a heads up we have the lowest stock price ever and will have the highest dividends ever coming up in a few hours!  Thanks~

How many shares outstanding?

I have sold 90 of the 450 for the IPO.  (There is 1500 total but I am keeping most!)

Hi Goat,

Am looking to invest in shares of your IPO, do I do this through GLBSE? I just opened an account there.

And how do GLBSE members get dividends from you, is it automatically sent to their accounts?

I like what I see so far with your mining start-up, keep up the good work!

SJ

It can be done through GLBSE and I think atm that is the easiest way of doing it, The dividend is  payed to your GLBSE account every week, this is done by Goat it's semi automatic, Goat has to send the dividend but it's divided and sent to all the shareholders automatically. As a shareholder you only need to sit pack and wait for the dividends
If you decide to become a shareholder then welcome

[StewartJ]

Okay, bought in at 5 shares today thru GLBSE.

Seems a bit steep at 3.14 a share. Hoping to get a some good dividend returns in the future.

Big picture: see this as an investment in BTC mining community and the future of BTC.

Keep up the good work,
SJ

 

[zapeta]

I was finally able to vote my shares.  I'll be expanding my position once the shares have the $3 floor so they're a bit cheaper, unless you reprice them before then.

[StewartJ]

Okay, bought in at 5 shares today thru GLBSE.

Seems a bit steep at 3.14 a share. Hoping to get a some good dividend returns in the future.

Big picture: see this as an investment in BTC mining community and the future of BTC.

Keep up the good work,
SJ

Well looking at the vote that .14 is too high. I need to send you back .14 x 5. PM me a BTC address.

Hi Goat, will PM you my BTC address, and thanks for looking out for my shares.   Long live the TyGrr !!!

STew

[sadpandatech]

Okay, bought in at 5 shares today thru GLBSE.

Seems a bit steep at 3.14 a share. Hoping to get a some good dividend returns in the future.

Big picture: see this as an investment in BTC mining community and the future of BTC.

Keep up the good work,
SJ

 

Well looking at the vote that .14 is too high. I need to send you back .14 x 5. PM me a BTC address.

I was finally able to vote my shares.  I'll be expanding my position once the shares have the $3 floor so they're a bit cheaper, unless you reprice them before then.

The lowest price in dollars will be $10. The lowest price in BTC will be 3BTC.     That what you all understood the vote to be right?

  I understood floor as being the lowest price per share it would go. I think the correct term, if you aim to make 3BTC the MAX price per share would be, 'cap' or 'ceiling'.

  Cheers

[sadpandatech]

What are everyone thoughts about expanding to an FPGA? Icarus is the way to go?  Thx

My vote would be with x6500. They are available right now and the software is currently being worked on to further improve performance. Which is currently higher than what is listed in a few threads.

[sadpandatech]

It should be 3BTC not $3.   The floor will be 3BTC or 10$ whatever is higher. Is that how we all took the vote?

yea, fixed that typo.
I still think the way I stated myself.
the bolded part clears up what your intention were.

[StewartJ]

Edit:    Should we go with some water cooled 5970s and free electricity in my office? (running most of the time)  I think I can get at least three of these in a full tower, maybe 4:) https://bitcointalk.org/index.php?topic=55707.0   Will depend on the total price. The FPGA will get about 300 Mhash/S the 4 5970s would get about 10 times that:)

You had me at "... the 4 5970s would get about 10 times that."

[Red Emerald]

I'd pretty much guarantee that FPGAs will be cheaper in 6 months.  Maybe get more GPUs now and save the FPGAs for later when their $/hash is down.

And what do you mean "Free electricity in my office" I thought your were paying ~$0.13/kWh

[LoupGaroux]

Second bond would make sense, or push for new investment combined with a smaller bond (I think there are still 250 shares to be sold from the original IPO?) Certainly your performance with the first bond and the start-up phase shows a strong indication that the bond would be repaid.

If it helps, I've got a single core Sempron I would be happy to mail out for the cause in exchange for a couple of shares.

[zapeta]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

[Red Emerald]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

Does water cooling reduce electrical costs? I thought it just helped with noise and heat.

[mcorlett]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

Does water cooling reduce electrical costs? I thought it just helped with noise and heat.

I think what he means is that it helps with the noise and heat without any significant increase in power consumption.

[DeaDTerra]

With the new option of going for a couple of mining rigs in your office with "free" electricity I think that it will be better to get those rigs up and going first before we get any FPGA, as several others have pointed out the market of FPGA is pushing forward and several new models are in the making and it's probably worth waiting fro the new once. The water cooled rigs is possible to setup to be very quite if you get special fans that have been designed to be quite as well as get a quite CPU cooling solution. It will probably cost a bit but if we can keep running the rig at your office in the end with the "free" electricity I believe we will make a good profit from it.

//DeaDTerra

[plastic.elastic]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

As I look more and more into this is seems the fans on the radiator might be too loud. We can still do this but I don't know if I cold put it in the office. I will keep digging. Thanks.

Goat, if you're serious of doing watercooling, dont bother with radiator for a big mining farm.

Dig up your backyard (frontyard), and bury about 100' of cooper tubing. (about 6' deep) and you will have NO NOISE for watercooling.

[DeaDTerra]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

As I look more and more into this is seems the fans on the radiator might be too loud. We can still do this but I don't know if I cold put it in the office. I will keep digging. Thanks.

Goat, if you're serious of doing watercooling, dont bother with radiator for a big mining farm.

Dig up your backyard (frontyard), and bury about 100' of cooper tubing. (about 6' deep) and you will have NO NOISE for watercooling.

I think that for now he's only interested in having water cooling for the rig that will be placed in his office and I find it hard to believe that he could dig up the ground next to his office to place cooper tubing even though that would be pretty awesome

[StewartJ]

Has anyone received their dividends yet?

I purchased some shares of TyGrr yesterday and have not seen any dividends in my GLBSE account as of today.

I'm assuming dividends show up in the "Asset History" section of GLBSE user account?

Would like to confirm if there is a problem on my end or not.

Thanks,
SJ

[LoupGaroux]

Mine showed up just fine... I check under Bitcoin History, where they are identified as "dividend".

[zapeta]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

Does water cooling reduce electrical costs? I thought it just helped with noise and heat.

I think what he means is that it helps with the noise and heat without any significant increase in power consumption.

What I was trying to get at is that an investment in water cooling would allow us to run a mining rig in a location where electricity will be free (at Goat's workplace)

[StewartJ]

Mine showed up just fine... I check under Bitcoin History, where they are identified as "dividend".

OK thanks for confirming. Mine did not show up in Bitcoin History.

I need to contact GLBSE and see what is going on.

SJ

[LoupGaroux]

Timestamp on the dividend was 27/12/2011-11:41 on my end, if you owned your shares before that, my understanding is that you should get your dividend.

[StewartJ]

Timestamp on the dividend was 27/12/2011-11:41 on my end, if you owned your shares before that, my understanding is that you should get your dividend.

Thanks for the info, Loup.

I have passed the timestamp info to GLBSE Support.  Still trying to figure out what happened.

I will keep everyone posted.

Thanks for your help folks,
SJ

[StewartJ]

Timestamp on the dividend was 27/12/2011-11:41 on my end, if you owned your shares before that, my understanding is that you should get your dividend.

I double checked my account the I have received the dividends after all.

I think may have mis-read the interface, as in, my bad !!!

I received the following dividends for 10 shares: 0.2153225

Was receive with timestamp of 27/12/2011-01:44

Thanks everyone, lets continue mining them BTCs....

SJ

[StewartJ]

A couple of questions as I continue researching the history of this enterprise:

What was the original price for the initial IPOs shares?

What are the BIB.goat shares?

Thanks!
SJ

[Nefario]

All trades on GLBSE are recorded on our twitter account, so you can search for the ticker symbol and then view the earlier post. The amount is in Satoishis.

[brendio]

What are the BIB.goat shares?

See this thread for details.

[plastic.elastic]

Sorry for the typo that ended up confusing a ton of people...I meant 3BTC and typed $3.00.  Anyway, glad to see that the 3BTC price has passed and look forward to adding a few shares to my portfolio. 

Anyway, adding a FPGA could be a good investment but wouldn't be a significant part of our hashing power.  I don't know that the cost savings in electricity would be worth the initial outlay especially given the potentially rapid advances in FPGA miners.  On the other hand, investing in a water cooling solution could both greatly increase hashing power at little/no electrical costs.

As I look more and more into this is seems the fans on the radiator might be too loud. We can still do this but I don't know if I cold put it in the office. I will keep digging. Thanks.

Goat, if you're serious of doing watercooling, dont bother with radiator for a big mining farm.

Dig up your backyard (frontyard), and bury about 100' of cooper tubing. (about 6' deep) and you will have NO NOISE for watercooling.

I think that for now he's only interested in having water cooling for the rig that will be placed in his office and I find it hard to believe that he could dig up the ground next to his office to place cooper tubing even though that would be pretty awesome

My suggestion was for his farm, if he wants to run a rig at his office, obviously watercooling is out of the question due to maintenance and risk

[StewartJ]

What are the BIB.goat shares?

See this thread for details.

Thanks,I have scanned through the threads. Trying to understand how this bond fits in with TyGrr business plan.

Is the return on investment in the 1-2% range per share, and no dividend payouts ?  What is the incentive to invest in this Bond?

Please excuse my novice questions.

SJ

 

[StewartJ]

What are the BIB.goat shares?

See this thread for details.

Thanks,I have scanned through the threads. Trying to understand how this bond fits in with TyGrr business plan.

Is the return on investment in the 1-2% range per share, and no dividend payouts ?  What is the incentive to invest in this Bond?

Please excuse my novice questions.

SJ

 

I don't mean to be rude but please next time ask in the BIB.goat thread

Buying this bond is going long bitcoin AND getting a 1% a month return. It is better than just holding bitcoin, might not be as good as TyGrr Tech stock however! 

OK sorry about that. Thanks for clarifying.

[illpoet]

proud owner of 1/1500th of this company.

[gewure]

i don't get everything on all of this - but i will buy some shares. 3 or something, cause this stuff sounds as good as EYE OF THE TYGRR!

[StewartJ]

i don't get everything on all of this - but i will buy some shares. 3 or something, cause this stuff sounds as good as EYE OF THE TYGRR!

Money in the bank. TyGrrr pays good dividends.

With BTC price climbing I see good things for this mining enterprise and its shareholders. I own 20 shares!

[gewure]

..is it normal for the GLBSE page to .. "refresh" for hours?! - it seems like totally frozen.

[sadpandatech]

..is it normal for the GLBSE page to .. "refresh" for hours?! - it seems like totally frozen.

glbse's backend is down at the moment. :/

[DeaDTerra]

..is it normal for the GLBSE page to .. "refresh" for hours?! - it seems like totally frozen.

It has been down for me since early this morning This seems to be happening very often now a days should be a bug that Nefario should be able to fix but nothing seems to be done about it

[vuce]

..is it normal for the GLBSE page to .. "refresh" for hours?! - it seems like totally frozen.

It has been down for me since early this morning This seems to be happening very often now a days should be a bug that Nefario should be able to fix but nothing seems to be done about it

there's supposed to be glbse v2 soon, I guess that's why it hasn't been fixed yet.

[StewartJ]

..is it normal for the GLBSE page to .. "refresh" for hours?! - it seems like totally frozen.

It has been down for me since early this morning This seems to be happening very often now a days should be a bug that Nefario should be able to fix but nothing seems to be done about it

Same problem for me as  well, cannot get past endless refresh.  Wish they would fix this soon !!!

[gewure]

..does the console-client still work? i might give it a try, cause im in the mood ..

[gewure]

ok - GLBSE is up again and running, funds received.. but, why does it not execute my buy order on TyGrr for 3 shares, 3BTC each?!

someone give my some advice please

edit: im also onboard with some shares

[StewartJ]

Please excuse the novice questions, but what are the ramifications of skyrocketing BTC price on TyGrr?

Will this change dividend payouts?  Will this affect the future share prices?  

More importantly, does it make TyGrr a more profitable investment?

Sorry for my noobness, just curious to see how my investment is impacted.

Best, SJ

[gewure]

Please excuse the novice questions, but what are the ramifications of skyrocketing BTC price on TyGrr?

Will this change dividend payouts?  Will this affect the future share prices?  

More importantly, does it make TyGrr a more profitable investment?

Sorry for my noobness, just curious to see how my investment is impacted.

Best, SJ

higher bitcoin price means your payed-out dividends are more worth, but not bigger (since higher price does not affect how much has been mined)

also i guess the market capitalisation of tygrr increases, since every new shareholder pays 3 btc which are worth alot more than the initial aimed 10$..
which means tygrr has more capital which means it can probably mine faster which means a higher dividend to you..
tygrr could also make some subcontracts with other miner to improve the ROI and the dividend even further..

just my thoughts

[StewartJ]

Please excuse the novice questions, but what are the ramifications of skyrocketing BTC price on TyGrr?

Will this change dividend payouts?  Will this affect the future share prices?  

More importantly, does it make TyGrr a more profitable investment?

Sorry for my noobness, just curious to see how my investment is impacted.

Best, SJ

higher bitcoin price means your payed-out dividends are more worth, but not bigger (since higher price does not affect how much has been mined)

also i guess the market capitalisation of tygrr increases, since every new shareholder pays 3 btc which are worth alot more than the initial aimed 10$..
which means tygrr has more capital which means it can probably mine faster which means a higher dividend to you..
tygrr could also make some subcontracts with other miner to improve the ROI and the dividend even further..

just my thoughts

Thanks for the helpful info!

Glad you finally got your 3 shares.

SJ

[gewure]

TyGrr pays electric costs so when Bitcoin goes up we spend less coins to pay that off. That means that I am able to pay out more coin in dividends. BTC going up in value is a double win for stock holders.

Thx

what happens to the additional cash you get from new shareholders buying the stock at 3 BTC? (i mean if 1 BTC = 3$ -> 9$/share and if 1 BTC = 7$ -> 21$/share) so what happens with this additional money?! i guess it will be invested into TyGrr ..?!!

 

[gewure]

thank you for giving such pleasant answers and managing this venture! 

[filharvey]

Thanks is good, nice seeing higher returns.

[Matthew N. Wright]

Quick question, don't mean to interrupt but--

What happens to mining pools if Butterfly labs is legit?

Would I be able to go get my own butterfly box and flap my wings to riches without investing in online rig companies?

[Red Emerald]

Quick question, don't mean to interrupt but--

What happens to mining pools if Butterfly labs is legit?

Would I be able to go get my own butterfly box and flap my wings to riches without investing in online rig companies?

Well you could do that.  I imagine that the mining pools will do the same though.  Goat has already talked about getting FPGAs once they are a bit cheaper.

I run my own miner and also own shares of TyGrr Tech.  You don't have to pick one.

[Matthew N. Wright]

Quick question, don't mean to interrupt but--

What happens to mining pools if Butterfly labs is legit?

Would I be able to go get my own butterfly box and flap my wings to riches without investing in online rig companies?

Well you could do that.  I imagine that the mining pools will do the same though.  Goat has already talked about getting FPGAs once they are a bit cheaper.

I run my own miner and also own shares of TyGrr Tech.  You don't have to pick one.

I would love to see every person with an FPGA in their house, but until that's possible, I was just thinking that at this point all the mining companies would be using them. Is it still not as viable as GPU rigs?

[Red Emerald]

Quick question, don't mean to interrupt but--

What happens to mining pools if Butterfly labs is legit?

Would I be able to go get my own butterfly box and flap my wings to riches without investing in online rig companies?

Well you could do that.  I imagine that the mining pools will do the same though.  Goat has already talked about getting FPGAs once they are a bit cheaper.

I run my own miner and also own shares of TyGrr Tech.  You don't have to pick one.

I would love to see every person with an FPGA in their house, but until that's possible, I was just thinking that at this point all the mining companies would be using them. Is it still not as viable as GPU rigs?

They (currently) cost more for less hashes.  Whether it is worth it really depends on the cost of electricity.  Those butterfly labs miners do look really sexy

[zapeta]

If you've got the 6770s in hand and the computer that they are in can't support anything higher, I think it makes sense for the company to buy them.

Between the 5850 and 6950, it appears that the 5850 is slightly more efficient but the 6950 is slightly faster in terms of Mhash/sec.  Since the 5850 is an older card, if it fails it will probably not be replaced but we would get the cash value (same situation we are in now).  It probably takes a lot longer to decide to refund the money than to replace a card under warranty, and the longer a card is not mining the more BTC we stand to lose.  Since the 6950 is more likely to be replaced (hopefully more quickly than waiting for a refund), has better resale value and is a better overclocker, I think the 6950 makes sense.

[gewure]

i just wanted to announce that i am now shareholder of 8/1500 of this company.

regarding the cards: i am not very good into mining hardware comparisons, this is why i think you better discuss this matter without me for now:)

keep on the good work. greets

[PatrickHarnett]

Difficulty      1,250,758
Hash Rate is estimated to be   10GHash/S
Total will be 39.2BTC this week.

Looking at this as a result of someone's suggestion.  Just checking some math:

Shares on issue = 1500.  Dividend per share = 0.02631 for a week.
Price USD6.30-ish = $0.16, (annualised = $8.56)
Shareprice ~= 3BTC = $18.90
Payback (P/E ratio) = 2.2

That looks good for the earlier buyers in the IPO at $10, but less so for someone buying in.  Any obvious errors in the above?

[tgmarks]

Difficulty      1,250,758
Hash Rate is estimated to be   10GHash/S
Total will be 39.2BTC this week.

Looking at this as a result of someone's suggestion.  Just checking some math:

Shares on issue = 1500.  Dividend per share = 0.02631 for a week.
Price USD6.30-ish = $0.16, (annualised = $8.56)
Shareprice ~= 3BTC = $18.90
Payback (P/E ratio) = 2.2

That looks good for the earlier buyers in the IPO at $10, but less so for someone buying in.  Any obvious errors in the above?

You show me another investment in today's economy that shows me a 45% profit in one year and maybe I'll try to see how this doesn't look great.

[PatrickHarnett]

Difficulty      1,250,758
Hash Rate is estimated to be   10GHash/S
Total will be 39.2BTC this week.

Looking at this as a result of someone's suggestion.  Just checking some math:

Shares on issue = 1500.  Dividend per share = 0.02631 for a week.
Price USD6.30-ish = $0.16, (annualised = $8.56)
Shareprice ~= 3BTC = $18.90
Payback (P/E ratio) = 2.2

That looks good for the earlier buyers in the IPO at $10, but less so for someone buying in.  Any obvious errors in the above?

You show me another investment in today's economy that shows me a 45% profit in one year and maybe I'll try to see how this doesn't look great.

Try gigavps's loans - they should be close to 100%.  I'm lending at 10% to 15% to various people, and I have coins tied up paying 1% per day (thanks Pirate).

I'm looking seriously at this and in this community there are different returns.  What I wanted to know is if the base assumptions were correct.

[MrGaSp]

I now own 3/1500ths of your company 

I hope you guys do really good, good luck!

[PatrickHarnett]

Yes your math seems right but clearly mining conditions will change. However I think it will only get better for a while.

I am happy to be selling the IPO shares at 3BTC and honestly would not be so happy at $10. I have spent a lot of time an energy in this and am mostly selling shares as a hobby and a way to expand. Honestly I would love to get some 7970s and we might be able to soon if this deal works out with a member of the community.

Also one side effect of selling the IPO shares at 3BTC is a few share holders are selling at 2.99BTC and the like. Clearly that is every ones right but if anyone would like to buy directly from me at 3BTC please send me a PM and I can transfer the stock into your GLBSE account. If you do this you will help TyGrr Tech expand and get new 7970s. Once the IPO shares are gone, the open market will clearly be the only way to get stock.

Thank you for the reply and information. 

[MyBitcoinMint]

How many shares are still left in this IPO?

[Kluge]

As Goat will probably soon announce, I have purchased all the "non-20%" IPO shares, as well as a large stake in the "20%" IPO shares controlled by Goat at a significantly higher purchase price than IPO shares were originally set at. Currently, I own 250 TyGrr shares, which will increase to 375 shares ~1/30/12 pending check clearance from my bank, making me 1/4 owner of TyGrr. This put a few extra thousand dollars into TyGrr and, because no shares were actually created, will increase dividends and share price significantly. I'll let Goat handle dividend increase projections once he figures out the components he'll purchase.

I feel very positive about the performance of TyGrr and competence of the Goat, and have faith TyGrr has a long, prosperous future ahead of it. Until I run out of USD to pay bills, I intend to hold TyGrr stock, and largely keep out of TyGrr's operations, having faith in Goat's ability to operate our company. Early adopters likely won't have much more time to buy anything but after-market shares, and I'd like to note buying from Goat will only help to increase dividend and share price further.

Edit: I should probably note I intend to vote against any attempt to create new shares, though I'm willing to offer preferential loan terms.

[Red Emerald]

Which BIP (if any) are your miners voting for?

[Red Emerald]

https://bitcointalk.org/index.php?topic=56119.msg716104#msg716104

Please no more talk about this in the TyGrr Tech thread or the Project #2 thread.  Would like to keep on topic. Thanks.

I don't see this as off topic at all.  If I am going to invest money in someone, knowing how the want the network to operate is definitely a factor.

[MrGaSp]

I can't believe the lowest the stock for TyGrr is 3.99BTC.  Glad i bought the night i did instead of waiting until after work oO

[P4man]

https://bitcointalk.org/index.php?topic=56119.msg716104#msg716104

Please no more talk about this in the TyGrr Tech thread or the Project #2 thread.  Would like to keep on topic. Thanks.

Are you worried people might think project 2 provides the hashrate for and is funded by Tygrr and this is just an elaborate ponzi? I know I would worry. I hope you are providing your shareholders some proof of ownership of the hardware.

[P4man]

You know this is the first time you talked to me since losing the butterfly labs bet.

Ignore lists and all that.

Are you still sore over that? You did lose a lot of reputation...  

Did I really? Ill let others judge. I may have lost the bet, but my point has always been that BFL wasnt a hit and run scam showing fake photographs; while nothing has been shipped so far, the evidence for my case has grown steadily and I think is now widely accepted, even by you. Maybe you should reread all the things you posted and wonder who lost credibility. To refresh your memory, you once said you would bet anyone $100.000 if they shipped a single working board. And IIRC you still owe everyone who preordered a board $100. You may think what you want, but Im quite happy with my reputation, thank you very much.

[Matthew N. Wright]

You know this is the first time you talked to me since losing the butterfly labs bet.

Ignore lists and all that.

Are you still sore over that? You did lose a lot of reputation...  

Did I really? Ill let others judge. I may have lost the bet, but my point has always been that BFL wasnt a hit and run scam showing fake photographs; while nothing has been shipped so far, the evidence for my case has grown steadily and I think is now widely accepted, even by you. Maybe you should reread all the things you posted and wonder who lost credibility. To refresh your memory, you once said you would bet anyone $100.000 if they shipped a single working board. And IIRC you still owe everyone who preordered a board $100. You may think what you want, but Im quite happy with my reputation, thank you very much.

We're running a review on Butterfly Labs in the Bitcoin Magazine. Their engineer from France will be meeting with Vladimir Marchenko at our UK offices and we will end the mystery once and for all. It will be published either in this month or next month's issue. I hope everything enjoys it, regardless of how it turns out.

[P4man]

We're running a review on Butterfly Labs in the Bitcoin Magazine. Their engineer from France will be meeting with Vladimir Marchenko at our UK offices and we will end the mystery once and for all. It will be published either in this month or next month's issue. I hope everything enjoys it, regardless of how it turns out.

Looking forward to it. Dont forget to tape the whole thing and ask the engineers ID. Goat is offering a $1000 reward:
https://bitcointalk.org/index.php?topic=48863.msg609886#msg609886

And a 10% discount on anyone purchasing from BFL:
https://bitcointalk.org/index.php?topic=48863.msg609823#msg609823

[Matthew N. Wright]

We're running a review on Butterfly Labs in the Bitcoin Magazine. Their engineer from France will be meeting with Vladimir Marchenko at our UK offices and we will end the mystery once and for all. It will be published either in this month or next month's issue. I hope everything enjoys it, regardless of how it turns out.

Looking forward to it. Dont forget to tape the whole thing and ask the engineers ID. Goat is offering a $1000 reward:
https://bitcointalk.org/index.php?topic=48863.msg609886#msg609886

And a 10% discount on anyone purchasing from BFL:
https://bitcointalk.org/index.php?topic=48863.msg609823#msg609823

If that's true I am sure Goat would be more than happy to donate the $1,000 to Bitcoin Magazine. 

[The00Dustin]

Would a 10-to-1 split add liquidity/value for shareholders?  I ask because I notice that FPGA.contract seems to have more liquidity at ~ 1/10th of TyGrr and pay a similar dividend per 10 shares (or per BTC if you count TyGrr as 3 BTC and FPGA.contract as .3).  I'm not sure exactly what % the dividend would be in either case and obviously it would vary with mining, but I wonder if there wouldn't be more reasonable bids if the TyGrr shares sold for sub 1BTC like most other securities on GLBSE.

[The00Dustin]

Most people familiar with stocks in general think no in value, but it seems to me like big name stocks with price tags in the hundreds don't typically move as much as big name stocks with price tags below 100 (in terms of % change, with Apple clearly breaking that rule after their last earnings report).  I'm not advocating for a split or arguing that it would add value, it was just something that occurred to me.  Like maybe people look at the price of a share more than the value of the share, so .33 BTC 10 times is easier to stomach than 3 BTC 1 time.  If it really worked that way (and it shouldn't), it would mean the guy that sold 10 shares post-split gained 10% just beacuse of the split.  Regardless, the split could make future public offerings to increase capital less likely to succeed because people could feel like there are too many shares and people are clearly afraid of dilution even when the threat doesn't exist (based on other threads).  All of that said, if a split is proposed and passed, I would look into whether or not the split functionality affects open bids, because otherwise some people with bids that are lowball right now will likely get screwed over by some opportunists with newly-split shares, and those people would probbly blame TyGrr before GLBSE or themselves.

[gewure]

1. i think goat is doing a good&authentic job
2. the dividends are quite nice
3. lowest ask now are 4 BTC/share .. but i won't sell my 10 shares - i don't think i can get shares of such a good mining venture somewhere else

[gewure]

Dividend will be  31.7BTC     





Difficulty      1,307,728
Hash Rate is estimated to be   10GHash/S

53.9 coins mined.

Electric is estimated to be 875 KWH at .1323$ KWH = $115.76


$115.76 / $5.5 = 21.0BTC

53.9 - 21.0 =  32.9BTC

32.9BTC x 95% = 31.25BTC


Namecoin bonus will be .5BTC

Total will be 31.7BTC this week.



Working on setting up the 7970s, hopefully will have a vote soon and add this in next week:)

get them running! now!

*10/1500 just voted for it*

[gewure]

38 YAY
3 NAY

in the vote till now..
since there are NAYs i would like to discuss them.. why NAY?

[Kluge]

38 YAY
3 NAY

in the vote till now..
since there are NAYs i would like to discuss them.. why NAY?

I would also like to know why as this will add to the dividend at no cost to stock holders.

Edit:  67 to 3 so far. 

Kluge, would you like to add some input to this?

*rubs "morning sand" out of eyes* 434 to 3.

[antirack]

Not sure if you decided to add the new hardware, but if you do I can volunteer to buy this in HK and bring it in my suitcase to HK. I am flying to Thailand within a week or two.

[Kluge]

Derp. Reason "last price" right now is 1.25BTC is because I mis-typed and sold the wrong stock @ .38BTC :x

[gewure]

Derp. Reason "last price" right now is 1.25BTC is because I mis-typed and sold the wrong stock @ .38BTC :x

will you sell some stocks to me at btc 3?!

[MrGaSp]

I should send out payments today but I've been crazy busy with work but now its V Day and I gota go out. I'm on thin ice for spending too much time on the computers the way it is. What I need to do is add up the new electric usage and then the new hashing power to get the new payments. I will work on this tomorrow ASAP. Thanks for understanding.

You've been consistent enough, take your time 

[tgmarks]

I should send out payments today but I've been crazy busy with work but now its V Day and I gota go out. I'm on thin ice for spending too much time on the computers the way it is. What I need to do is add up the new electric usage and then the new hashing power to get the new payments. I will work on this tomorrow ASAP. Thanks for understanding.

You've been consistent enough, take your time 

+1

[The00Dustin]

Dividend will be  22.9BTC     





Difficulty      1,379,647
Hash Rate is estimated to be   12GHash/S

61.24 coins mined.

Electric is estimated to be 1240 KWH at .1323$ KWH = $164


$164 / $4.35 = 37.7BTC

61.24 - 37.7 =  23.54BTC

23.54BTC x 95% = 22.4BTC


Namecoin bonus will be .5BTC

I didn't receive my dividend payout yesterday.  Usually I see it when I see the announcement.  Have you made it, and who do I need to talk to if you have?

[gewure]

i recently thought about tygrr tech withholding some small percentage (like 10%) or something in bitcoins to make some reserves over the time..

i would vote for it.

[P4man]

Dividend will be  22.9BTC     

Difficulty      1,379,647
Hash Rate is estimated to be   12GHash/S

61.24 coins mined.

So you are buying hashrate from everyone else at 105-115% and making a profit on top of that by hopping and/or gpumax, but your own farm is only yielding ~98% PPS? Really?

How do your shareholders know you are not hopping with your farm, and frankly, why wouldnt you?

Since you have an obligation to maximize shareholder value, at the very least one would expect you to direct your hashes towards your GPUmax account where you will get significantly more than what you are stating.

[P4man]

For the record, you said "61.24 coins mined".  Apparently that was not very careful wording, since its just a hypothetical number.

Dividends are paid on a companies actual profits, based on actual costs and revenues, not based on  what one might expect if a certain business plan were to be followed - but isnt.  Share holders own a substantial part of your company, they are entitled to know exactly whats going on. Just making a blanket statement "12GH in theory ought to bring in x BTC so lets assume we did" is something quite different.

It doesnt matter if your losses due to downtime were offset by profits made hopping or from gpumax, it could be the other way as well, shareholders ought to know. Its not like Intel pays dividends based on theoretical costs and revenue with management pocketing (or paying out of pocket) the difference between theory and reality. The latter is what you do when running a proxy or pool as service to customers. Its not how you treat shareholder.

My 2 cents.

[labestiol]

I personally think that we should move to p2pool, because it's good for bitcoin.
And i also do think that shareholders should be able to control the coins that come in, via block explorer.
Don't see it as a lack of confidence, Transparency is just good for business.

Obviously this should be put to vote, that's just my personal opinion

[Kluge]

I personally think that we should move to p2pool, because it's good for bitcoin.
And i also do think that shareholders should be able to control the coins that come in, via block explorer.
Don't see it as a lack of confidence, Transparency is just good for business.

Obviously this should be put to vote, that's just my personal opinion

Seconded. p2pool may be bad for dividends, but possibly good for share price. Lots of idealists around. Idunno -- how bout a two-week trial on p2pool about a month (so additional dividends aren't as much an additional variable) after the new hardware's installed? If share price doesn't increase, I'd vote for GPUMax. Ultimately, I much prefer a higher share price over higher dividend payout as I want to be able to put money in and take it out on demand.

fwiw.

[gewure]

i want to slowly invest more into this company, and therefore would like to see a rising stock price, and a solid-growing venture. I am offcourse willing to pay this growth with smaller dividends. I suggest we put back some 10% of the net gain in bitcoin for reserves.

Also.. since butteflylabs delivered to some people, we should really discuss about ordering some of those. maybe with an new IPO? i don't think this will lower the shareprice at all, rather increas it. having some asskicking, electricity-cost-lowering FPGAs wont turn investors away, i think!

what do you think about those 2 matters?!

regarding the reserves i heard some supporting words from goat..

greets

13/1500

[tgmarks]

I support this idea and would like to hear more on it. $.13KWH is cheaper than many but not cheap enough for future difficulties.

[The00Dustin]

I'm not against another PO to add BFL devices, but I would be pissed off if that PO came at below 3BTC per share since that floor was created before I invested, costing me more dollars per share than earlier investors already.  IOW, an additional PO at below 3BTC per share would screw me over two ways (one by the previous floor forcing me to pay more than my fair share, and another by diluting my share value because of the subsequently removed price floor), and I doubt I'm the only one.

[gewure]

ofcourse i would suggest 3 BTC as the price of eventuall new shares to finance some FPGAs.

what do you finally think about Butterfly labs goat?

greets

[MPOE-PR]

It doesnt matter if your losses due to downtime were offset by profits made hopping or from gpumax, it could be the other way as well, shareholders ought to know. Its not like Intel pays dividends based on theoretical costs and revenue with management pocketing (or paying out of pocket) the difference between theory and reality. The latter is what you do when running a proxy or pool as service to customers. Its not how you treat shareholders.

This is a very solid point.

My 2 cents.

[P4man]

Goat, you seem to be confusing a few things. Mining contracts and company shares for one, and full disclosure with a need for paying for revenue shortcoming as another.

Shareholders should not be forced to chose between full disclosures and you paying for shortcoming out of pocket.
Full disclosure of actual costs and revenue should be a given, its a legal obligation. Its one thing you dont follow all the fine print of GAAP rules, its quite another to not even attempt to follow *any* of its basic underlying principles.

Full disclosure wont prevent you from compensating losses out of pocket, should you feel thats wise.

[MPOE-PR]

Its one thing you dont follow all the fine print of GAAP rules

IFRS. GAAP is dying by 2016.

[gewure]

i suggest the following:

50% of all future dividends are to be put to reserves in bitcoin until a solid reserve is build.we let the next dividend be payed out and then vote for one week.

during the downtime theoretical dividends are not payed out, but put 100% into reserve. how high are they supposed to be? .. since goat is paying i would suggest to rather make a weekly fix price in btc goat is supposed to substitute out of his own pocket, to make loses for him minimal. lets say 20 bitcoin. like a bad mining week. the question is here how much of the downtime is to be covered by the shareholders, how much shall be covered by goat.. how many shares do you own, goat?

however in the sake of the company and all its stakeholders i want goat not to pay to much out of his own pocket. you are running the thing and you shall be payed good for your work, not make losses.

why 50% put to to reserve?

50% growth seems not to aggresive for bitcoin. why not? shareprices will fly if bitcoin prices get higher, and we have maybe good opportunities to invest our bitcoin capital in some months at a good value-gain..

after you settled in your new, hopefully nice, place and the rigs are full running again, we should consider making a motion about a issuing 100 new shares at a price of BTC3 with a aim of buying FPGAS for the 300 Bitcoin + reserves with a goal in july-august-september to organize-order-install the new 'production facilities'

[mila]

Full disclosure wont prevent you from compensating losses out of pocket, should you feel thats wise.

I'm not getting this. Company earns zero for a given period (p.ex. company is relocating).
Where will dividends come from during that period? No income, no company reserves.
Even death would have problems to take away something in such setup.
So why to expect compensations from the operator?

[P4man]

Full disclosure wont prevent you from compensating losses out of pocket, should you feel thats wise.

I'm not getting this. Company earns zero for a given period (p.ex. company is relocating).
Where will dividends come from during that period? No income, no company reserves.
Even death would have problems to take away something in such setup.
So why to expect compensations from the operator?

Where do I say I would expect compensation? The logical thing is not to pay out dividends since there would be no profit.

Still, if Goat for whatever reason, wants to pay out a dividend, he is free to give the company money out of his own pocket and use that to pay for one. But there is no reason that his willingness to do so, would somehow prevent him from providing transparent accounting data of actual revenue and costs to his shareholders. One has nothing to do with the other; goat makes it sound as if shareholders have to chose between a dividend and transparency.

Anyway, it sounds to me like this is not a company owned by shareholders, but more a long term mining contract thats being traded. If thats the case, other terms would be more appropriate.

[mila]

hi, it's most probably a misunderstanding.

In "Full disclosure wont prevent you from compensating losses out of pocket, should you feel thats wise. "
you don't mean "expect compensation", that was only my misunderstanding.

[Nefario]

The demo version of GLBSE2.0 has been updated.

Since this is going to be the system you guys will be using it very soon please go over to http://dev.glbse.com and give it a try.

Create a new share, sell them (create a fake account to test buying them), create some new motions, pay dividends and play around in general.

2.0 is a big step away from the current system, and it's important that you're ready for the change over.

Here's the release notes
https://bitcointalk.org/index.php?topic=60489.msg781561#msg781561

[sadpandatech]

Am I reading correctly that the electricty usage went up ~30% in order to gain 2GH? I realize hash rate increased 20% but it seems hardly worth it at 30% higher elec cost.

[sadpandatech]

Am I reading correctly that the electricty usage went up ~30% in order to gain 2GH? I realize hash rate increased 20% but it seems hardly worth it at 30% higher elec cost.

No, I did not have a killawatt and that first number was a guess (I stated so). The second number is what the rigs pull from the wall.

ouch, so in other words you were overpaying us pretty well before the kill-a-watt?

cheers

[gewure]

i want to stress the fact, that we need an expansion plan.
most other mining corporations now invest into FPGAs which save them quite alot of electricity costs.

how can we finance this? i guess if we raise some capital for investing in e.g. BFL singles the shareprice would be a lot higher, cause ppl like to see that there is a positive, not stagnating outlook. thought tygrrs dividends are quite nice, i think investors like me, who own 1.5% of tyggr would rather like to see a steady slow growth and good dividends. at the moment it looks rather like goat is not as motivated as we would like him to be.. have you sold to many shares?

btw, how many shares do you still hold goat? and how many does kluge have?

greets

[Kluge]

i want to stress the fact, that we need an expansion plan.
most other mining corporations now invest into FPGAs which save them quite alot of electricity costs.

how can we finance this? i guess if we raise some capital for investing in e.g. BFL singles the shareprice would be a lot higher, cause ppl like to see that there is a positive, not stagnating outlook. thought tygrrs dividends are quite nice, i think investors like me, who own 1.5% of tyggr would rather like to see a steady slow growth and good dividends. at the moment it looks rather like goat is not as motivated as we would like him to be.. have you sold to many shares?

btw, how many shares do you still hold goat? and how many does kluge have?

greets

If anything, he hasn't sold enough shares. I was able to purchase all the remaining shares a couple months ago @ IPO price because there weren't enough buyers (oddly enough, when I made the buy-in, people were paying significantly more on GLBSE to buy aftermarket shares while Goat was selling cheaper IPO shares which would've benefited TyGrr. FPGA returns are quite low, though you get a higher % profit, obviously. If Goat had taken the $ I sold to him months ago and purchased BFL units, we could still be waiting a 2-5 months for them to ship anything, tying up those funds and making TyGrr pretty illiquid. If Goat were to close up shop with unshipped BFL units, we'd basically all get a few $ from the hardware he had, and a claim on BFL units which might materialize in a few months.

TyGrr stagnates by design because dividends are paid out almost entirely to shareholders. That's not a growth model -- it's an income model. It can only grow if people buy more IPO shares (which are currently being offered above aftermarket price), Goat issues bonds on behalf of TyGrr and people buy those, or Goat eliminates dividends and reinvests those into more hardware (converting TyGrr into an aggressive growth stock, where returns come only in the form of share price). Alternately, he could halve dividends, giving high BTC returns to shareholders and allowing slow growth. Goat has the means to allow the BTC effectively held by TyGrr to earn interest, too -- the BTC doesn't have to sit around doing nothing. I'd be interested in a vote on it, though I'd vote against eliminating dividends entirely. I do believe GPU miners who pay reasonable electricity rates will be pushed out within a year, and it would be nice to see some FPGAs to reassure us TyGrr will be around long-term.

For the sake of disclosure, I currently hold 272 shares.

[brendio]

i want to stress the fact, that we need an expansion plan.
most other mining corporations [...]

If most other mining companies jump off a cliff, does that mean that we should too?

I prefer allowing the investor decide on what to do with earnings by paying out dividends. If the investor wants to expand his investment, he can buy more shares on market. If he doesn't, he can use that bitcoin elsewhere. An expansion plan funded by earnings takes away some of that choice.

Maybe you could ask Nefario to build that ability to offer dividend reinvestment plans into GLBSE 2.0 to allow companies to expand their capital base with reinvested dividends while still supporting income investors.

[Nefario]

I'm just after getting back from London(gone since Tuesday), charts.glbse.com is not showing any updates since the 12th.

For the moment, all the latest trades for GLBSE can be found on it's twitter feed here.

I'm contacting the operator of charts to find out what the story is.

Nefario

[antirack]

Nefario, didn't they mention a system upgrade to a new version a few days ago?

[marked]

Nefario, didn't they mention a system upgrade to a new version a few days ago?

That's for the dev version of 2.0 which is currently being tested, so far it has been upgraded several times this week.

marked

[gewure]

i would like to raise two motions, but first discuss them in advance:

1. Motion about reserve building a certain % of all earnings after costs. I suggest 30% right now. the Reserve serves the purpose of hedging Tygrr techs value, building reserves for future expansions or unconsidered costs.

2. Motion about a new IPO to finance some FPGA boards. 100 - 200 Shares a BTC 3 for the aquisition of some FPGA boards from one of the FPGA-producers. which boards to buy and how much capital is needed is to be evaluated shortly.

greets

[gewure]

i would like to raise two motions, but first discuss them in advance:

1. Motion about reserve building a certain % of all earnings after costs. I suggest 30% right now. the Reserve serves the purpose of hedging Tygrr techs value, building reserves for future expansions or unconsidered costs.

2. Motion about a new IPO to finance some FPGA boards. 100 - 200 Shares a BTC 3 for the aquisition of some FPGA boards from one of the FPGA-producers. which boards to buy and how much capital is needed is to be evaluated shortly.

greets

I'm okay with both. However do you think we can sell new shares at 3BTC? Maybe I sell them directly then transfer them to the share holders accounts?

Right now I think the price is a bit low because early share holders just want to diversify for safety. There are many more options out there right now.

honestly, i don't know.

i myself plan on doubling my position, if both this motions pass. means i would buy 20 shares.

my thought is the following: if it is possible, to raise 600 BTC in a short period of time and straight exchange them to buy BFL-singles with it, the overall return of tygrr will increas significant, making a share worth ~3BTC at near-future exchange courses. maybe 2.9 to 2.7 is more adequate, but since FPGAs do mine good and need only very less energy, they drive down overall costs per coin mined, and therefore make the company more valuable.

i think offering all shares to the public at BTC 3 on GLBSE is to be favored instead of selling them on your own. please discuss this matter. who is willing to finance tygrrs expansion at what price?! ..

i myself can only participate with a relative tiny capital (~60 BTC) since i simply can't afford more bitcoin

[zapeta]

honestly, i don't know.

i myself plan on doubling my position, if both this motions pass. means i would buy 20 shares.

my thought is the following: if it is possible, to raise 600 BTC in a short period of time and straight exchange them to buy BFL-singles with it, the overall return of tygrr will increas significant, making a share worth ~3BTC at near-future exchange courses. maybe 2.9 to 2.7 is more adequate, but since FPGAs do mine good and need only very less energy, they drive down overall costs per coin mined, and therefore make the company more valuable.

i think offering all shares to the public at BTC 3 on GLBSE is to be favored instead of selling them on your own. please discuss this matter. who is willing to finance tygrrs expansion at what price?! ..

i myself can only participate with a relative tiny capital (~60 BTC) since i simply can't afford more bitcoin

I'd like to address the reserve idea first.  I think it would be a good idea to build some reserves for future expansion.  If we had considered that from the start, we might not need to consider issuing additional shares to fund a FPGA expansion.  25-30% seems like a reasonable amount.

Goat, if you are willing to handle a direct transfer type offering, you can probably find buyers although I'm sure it will be a pain in the ass to manage the sale.  I'm sure many of us would be willing to buy direct so that the funds go to TyGrr for expansion.  Does the company have any shares available to sell, or would we need to issue more shares?  If we need to issue shares, how many and what FPGA solution would we want to buy?  BFL looks good but we do know that shipping will probably take a long time.

[Nefario]

Notice:GLBSE2.0 launching on Monday.

[gewure]

honestly, i don't know.

i myself plan on doubling my position, if both this motions pass. means i would buy 20 shares.

my thought is the following: if it is possible, to raise 600 BTC in a short period of time and straight exchange them to buy BFL-singles with it, the overall return of tygrr will increas significant, making a share worth ~3BTC at near-future exchange courses. maybe 2.9 to 2.7 is more adequate, but since FPGAs do mine good and need only very less energy, they drive down overall costs per coin mined, and therefore make the company more valuable.

i think offering all shares to the public at BTC 3 on GLBSE is to be favored instead of selling them on your own. please discuss this matter. who is willing to finance tygrrs expansion at what price?! ..

i myself can only participate with a relative tiny capital (~60 BTC) since i simply can't afford more bitcoin

I'd like to address the reserve idea first.  I think it would be a good idea to build some reserves for future expansion.  If we had considered that from the start, we might not need to consider issuing additional shares to fund a FPGA expansion.  25-30% seems like a reasonable amount.

Goat, if you are willing to handle a direct transfer type offering, you can probably find buyers although I'm sure it will be a pain in the ass to manage the sale.  I'm sure many of us would be willing to buy direct so that the funds go to TyGrr for expansion.  Does the company have any shares available to sell, or would we need to issue more shares?  If we need to issue shares, how many and what FPGA solution would we want to buy?  BFL looks good but we do know that shipping will probably take a long time.

yes, i also think that the public offering is better..

the hassle with BFL is the delivery time, the hassle with the others is simply that they do not have the same price/profit ratio than BFL.

i think if we can finance each BFL for 100 BTC, we should do it, althought we may have 2 months waiting time for delivery.

[mila]

Notice:GLBSE2.0 launching on Monday.

beware!
seems no worky

// I'm not going to post in every asset forum to reply in each copy of nefario's post but be cautious in coming days
some elementary stuff seems not to work and transferring accounts from 1.0 to 2.0 is nowhere properly described and we don't know what shi*storm may come from that.

[Nefario]

Notice:GLBSE2.0 launching on Monday.

beware!
seems no worky

// I'm not going to post in every asset forum to reply in each copy of nefario's post but be cautious in coming days
some elementary stuff seems not to work and transferring accounts from 1.0 to 2.0 is nowhere properly described and we don't know what shi*storm may come from that.

I'm hurt 

GLBSE2.0 test version, here is working now (caused by differences between my local setup and the test server).

Transferring accounts from 1.0 to 2.0 should be smooth without any issues. All assets(that are live on GLBSE 1.0), asset accounts, and bitcoin will be transfered. History and such records will not, but will be made available in the coming weeks after launch.

The transfer process will be simple, a switch will be flipped, and every action using GLBSE1.0 will return a transfer code. After creating an account on GLBSE2.0 you can then reclaim all your bitcoin and assets by entering the transfer code.

Simples.

[mila]

@nefario don't be. it's more or less friendly teasing.

my worries are
- untested interface to bitcoin (we did nothing with testnet bitcoins, only dev.glbse which uses dummy coins)
- short testing of the 'final' release, some nasty bugs still inside might be hiding
- unannounced changes (trading fees?)
- really nefarious transition from 1.0 to 2.0

this will affect all shareholders that's why I post it here and don't think it would be completely off topic in TyGrr's thread, since he has 2 big products on the exchange.
I really like what you do (both, goat and nefario) and just bitch a bit about how unreasonably fast deployment of glbse 2.0 might spoil something.

[Nefario]

@nefario don't be. it's more or less friendly teasing.

my worries are
- untested interface to bitcoin (we did nothing with testnet bitcoins, only dev.glbse which uses dummy coins)
- short testing of the 'final' release, some nasty bugs still inside might be hiding
- unannounced changes (trading fees?)
- really nefarious transition from 1.0 to 2.0

this will affect all shareholders that's why I post it here and don't think it would be completely off topic in TyGrr's thread, since he has 2 big products on the exchange.
I really like what you do (both, goat and nefario) and just bitch a bit about how unreasonably fast deployment of glbse 2.0 might spoil something.

Things have moved on since this comment, we've delayed the release for another week. We're going to have more testing to ensure 2.0 works smoothly.

There will be fee changes, in 2.0 you can see what's there.

[Kluge]

Yea votes: 97

Nay votes: 43

On holding the 50% of the income for hardware.  Closer than I would like, but not many votes in yet.



Also new motion

Should TyGrr Tech create and sell 150 new shares at 3BTC each to raise capital for either FPGAs or 7990s. Second vote to be had later if this one is successful.

5 or so days to vote. I do wonder what Kluge thinks about this as he owns a significant amount.

Voted. Was putting off voting on cutting dividends. Instead voted to try issuing more IPO shares. Hopefully, it goes well.

ETA: When someone asks why the opposite happened -- I changed my mind, but am too tired to explain what I was thinking right now. For my own referral: Mentions in the marketplace, stocks need growth strategy. To feel confident, should be built in, not unknown sudden bursts of growth. Personally, I disagree. I'd prefer to have a voice in when TyGrr grows, but my preference is irrelevant -- TyGrr is its own entity, and ensuring a larger tent of people are satisfied enough to place bid orders is ultimately all that matters to me, a share-holder.

[Nefario]

We'll be switching over to 2.0 in the next few hours, this means GLBSE will be down for one or two hours.
Assets,shares and bitcoin will be carried over, history (for the moment) will not.

Nefario

[Kluge]

Should TyGrr Tech hold 50% of income to invest in future hardware?   

Yea votes: 399
Nay votes: 73

Should TyGrr Tech create and sell 150 new shares at 3BTC each to raise capital for either FPGAs or 7990s. Second vote to be had later if this one is successful.

Yea votes: 430
Nay votes: 55


Looks like both have passed. I will start holding 50% of the dividends and I will start selling the 150 new shares ate 3BTC each.

If you would like to help fund the expansion please buy these directly from me. You will send me the BTC and then I will transfer them into your account.

Thank you.

Bump for GLBSE 2 being up and running. Just to re-enforce - aftermarket shares do not help expansion. Buying IPO shares from Goat helps expand, increasing dividends & "should" increase share price down the road.

[brendio]

Just to re-enforce - aftermarket shares do not help expansion. Buying IPO shares from Goat helps expand, increasing dividends & "should" increase share price down the road.

But what rational investor pays more for shares than the price the market is offering? I'm not complaining if people do, because it increases the value backing of shares for existing shareholders, but it seems illogical.

[mila]

Just to re-enforce - aftermarket shares do not help expansion. Buying IPO shares from Goat helps expand, increasing dividends & "should" increase share price down the road.

But what rational investor pays more for shares than the price the market is offering? I'm not complaining if people do, because it increases the value backing of shares for existing shareholders, but it seems illogical.

from a (theoretical) fund manager point of view it might be almost a criminal offense to buy the same share at a much higher price than market offers (clause about effective management of trusted wealth) and the day GLBSE 2.0 went live there were a handful of trades in range 1.0-2.0 btc per share. illogical and moral dilemma. is the fund share owners best interest to get more shares for the same price or to sponsor the growth (and maybe diversification) of the operation and give free ride to others?
should not be the new shares offered at a discount? 2.60 maybe? goat wrote somewhere he would buy them back at 10 us$ each. I did not made up my mind yet, came here to discuss things. imho with current setup it would take either longer to raise the funds or I'm completely wrong and someone will buy 1500, 1200 or all 150 shares the day they will be offered. I don't have other practical experience with primary vs secondary market trading beside glbse.
goat also mentions that the rigs have high resell value as gaming pcs. if the trend says fpga mining is the new tulip mania, let's raise a motion to see if fpga boards could be purchased from gpu sales : ) if new shares @3.00 will not sell

[Kluge]

Just to re-enforce - aftermarket shares do not help expansion. Buying IPO shares from Goat helps expand, increasing dividends & "should" increase share price down the road.

But what rational investor pays more for shares than the price the market is offering? I'm not complaining if people do, because it increases the value backing of shares for existing shareholders, but it seems illogical.

It increases the value of what they purchase. If aftermarket shares cost ฿1.2 compared to an IPO share for ฿3, then yeah, that'd be pretty irrational. If aftermarket shares cost ฿2.9 or ฿2.8 (I think we were often @ ฿2.74 in the past few weeks) or something compared to ฿3 IPO shares, then I think it'd be pretty reasonable to assume that if you're making a large-ish buy, it makes sense to buy from Goat because the gains from increased dividends, and the increased share price from increased dividends, and the increased equity of the stock justifies spending a smidgen more up-front.

If the aftermarket shares are consistently and significantly below the price of IPO shares, then IPO shares are being sold for too much (or not enough effort is being put in drumming up demand).

[Nefario]

Just to re-enforce - aftermarket shares do not help expansion. Buying IPO shares from Goat helps expand, increasing dividends & "should" increase share price down the road.

But what rational investor pays more for shares than the price the market is offering? I'm not complaining if people do, because it increases the value backing of shares for existing shareholders, but it seems illogical.

Yup. I'm interested on your thoughts on how to solve this problem. So far no one has contacted me about wanting to buy. We might just have to wait until the stock price naturally moves up :/

This sort of thing happened before when GLBSE 1.0 started, the asset seller said "OK guys, now were selling shares for 1BTC each" (they had had a vote on deciding the new share price).

They put up their shares for sale, at 1BTC each, the result was others on the market put theirs up for sale at 0.99999BTC

The issuer wasn't happy, then said "OK contact me personally and I'll sell you the shares at 1BTC each, this stupid market thing keeps undermining me".  No one contacted him.

The reality is you can't MAKE people buy your shares for the price you want if others are willing to sell for less. You can try to sell outside the market but why would anyone want to buy from you when they can get it cheaper from the market?

This isn't a GLBSE specific issue, this is a market issue. You have a few choices

1)Don't sell any more shares, and just focus on paying out dividends, result - share price will go up (maybe sell more shares later)

2) Sell shares for less than what you sold before, this will piss off your shareholders who bought for higher prices.

3)Create a new class of share which gets higher dividends (you should also only sell a limited quantity of these).

Thats about it, market rules, end of story.

On a related note, GLBSE.com is back up, should have fixed the problems.

Nefario.

[nrd525]

If you want to see the share price go up, don't pay out dividends. 

Accumulate capital and the corporate value per share will increase.  This could be done as a short term measure (say for a month or two).

[stochastic]

If you want to see the share price go up, don't pay out dividends. 

Accumulate capital and the corporate value per share will increase.  This could be done as a short term measure (say for a month or two).

I voted yes to cut dividends to 50% and voted no to issue more shares, but someone bought me out and both motions passed.  I assumed they wanted to change the vote as I made enough to cover months of dividends.

[The00Dustin]

goat also mentions that the rigs have high resell value as gaming pcs. if the trend says fpga mining is the new tulip mania, let's raise a motion to see if fpga boards could be purchased from gpu sales : ) if new shares @3.00 will not sell

I also thought about suggesting this, but he doesn't seem to think that a 10 for 1 split would make sense or increase share value (and the assets I can suggest for comparison with lower per share value (but massive liquidity / demand) don't prove anything, as they are different [fpga.contract {fpga mining vs gpu mining} and tygrr-bank {weekly interest unheard of absent hyper-inflation}]), and I figure selling GPUs would be less logical than a split until they are unprofitable (at which point they may not be as valuable with more people selling GPUs), but perhaps I will be proving wrong.

[mila]

@The00Dustin I was thinking about swapping GPU rigs for FPGA only if they can be sold to gamers at a price close to fair, just as means of rising capital if new shares won't sell good. As long as they yield profit it would not make much sense to do anything with them other then keep them mining.
on the other hand swapping TyGrr stock 1:10 to ease liquidity could help keep the price less volatile (/me is noob investor, read with caution)

[The00Dustin]

@Mila: I was thinking the same thing, but didn't bother to suggest it because I don't think Goat will want to.  I was thinking this because he believes better FPGAs than the BFL singles will arrive quickly, but our brains (mine vs goats) could work in opposite ways, so there may be a motion on selling GPUs, we will see.  Selling GPUs and buying FPGAs with the income would decrease the earnings per share, but would also decrease electrical costs.  I don't know how this would affect the dividend, but if share price isn't preventing small investors from getting in (leaving large ones who want out undercutting one another because there aren't many large ones), then switching to FPGAs may not be a problem even if it lowered the dividend, as investors may see more long-term value in FPGAs (in spit of the fact that we don't know how quickly the FPGAs might fail).  My feeling is that investor logic won't do a lot of good in GLBSE yet, as very few people have that much faith in BTC, so, for instance, the passed motion to keep half of the dividend may drive prices down even faster in spite of the fact that the shares will have more intrinsic value, but that doesn't mean that treating the shares like a true investable security doesn't make sense and won't be beneficial in the long run.

[Kluge]

The group buy-in of Icarus boards had them pretty cheap, but it seems they were all snapped up within 24 hours of the thread being posted. 

I think the producer might still be willing to sell bulk orders of 30+ units... Probably would require at least $14k, though. His newer models are coming out in a few months. Dunno how they compare as far as $/MH.

[Red Emerald]

I think there will be something better than BFL in May and something maybe 100x better this summer. If we sell GPUs now and buy BFL we can't resell the BFL later. We will be stuck. Sooner or later we will need to convert but I do not think now is the right time. GPUs will keep most of their value so no need to rush.

I fully agree.

[JL421]

"Not enough bitcoin available, cancel some buy orders or deposit more"

I'm getting this error on GLBSE when I tired to pay you guys 10.4 BTC with over 100BTC in my account.

I was able to pay out TYGRR-BANK so I think I hit a bug. Let me e-mail GLBSE support.

You might want to read this https://bitcointalk.org/index.php?topic=60489.msg820365#msg820365

and this https://bitcointalk.org/index.php?topic=60489.msg820732#msg820732

[Nefario]

Yeah the process that processes deposits had died,all should be there now.

[gewure]

goat, can you do a evaluation of the approximate value, the company holds right now? (~hardware value, cash, bitcoin)

[Kluge]

Current Asset Liquidation (Very!)Rough Valuation:
GPUs
5770x2 = $150
5830x7 = $630
5850x16 = $2080
5970x1 = $300
6990x2 = $1160
7970sx3 = $1425
GPU total: $5,745

PSUs
Dunno make&model, so I'll assume they can all be sold @ roughly $50 each (less 250w). 8*50=$400

CPUs
555 = $90
955x5 = $500
2120x2 = $210
CPU total: $800

MoBos
Assuming $60 each. 8*60=$480

RAM
$15x16=$240

HDD
$75x8=$600

Case
$55x2=$110 -- non-HAF's excluded

DVD Drives
$10*8=$80

Misc
5x UPS systems (dunno make&model), $50*5=$250
10.4BTC = $50



Totals:
GPUs - $4,320
PSUs - $400
CPUs - $800
MoBos - $480
RAM - $240
HDDs - $600
Cases - $110
DVD drives - $80
Misc - $300

Grand Total: $8,755 (reasonable estimate: $6,750-$9,750)
Idunno current hardware beyond what's in the second post (might be in thread, too lazy to look through it).

Cheers.

[Kluge]

Yeah, that is a bit outdated and also, how could you forget the 3x 7970s!  lol.

Fixed!  Haven't had my coffee, yet.

[antirack]

You may want to put an inventory list / asset list on Google Docs or something, that can be updated in the future. Just sayin

[antirack]

You should hire a good looking personal assistant, as CEO you deserve one

[Kluge]

If ever implemented in GLBSE, a stock split would be nice. Triple the stocks out there, everyone's shares increase proportionally (3x what they currently hold). People can buy into GLBSE with less. As the purpose of GLBSE is to introduce investing opportunities to the public without extra overhead, it makes sense to make the stocks as accessible as possible, which includes pricing them low enough for the skeptical or BTC-poor to grab a share or two.

[The00Dustin]

If ever implemented in GLBSE, a stock split would be nice. Triple the stocks out there, everyone's shares increase proportionally (3x what they currently hold). People can buy into GLBSE with less. As the purpose of GLBSE is to introduce investing opportunities to the public without extra overhead, it makes sense to make the stocks as accessible as possible, which includes pricing them low enough for the skeptical or BTC-poor to grab a share or two.

Yeah, I was thinking about this.

And you know how I feel about it, and I think someone else (Mila, maybe) feels the same?  With Kluge leaning the same way, it may be motion time, but I believe Kluge would have to agree / request the motion based on his holdings.

[mila]

If ever implemented in GLBSE, a stock split would be nice. Triple the stocks out there, everyone's shares increase proportionally (3x what they currently hold). People can buy into GLBSE with less. As the purpose of GLBSE is to introduce investing opportunities to the public without extra overhead, it makes sense to make the stocks as accessible as possible, which includes pricing them low enough for the skeptical or BTC-poor to grab a share or two.

Yeah, I was thinking about this.

And you know how I feel about it, and I think someone else (Mila, maybe) feels the same?  With Kluge leaning the same way, it may be motion time, but I believe Kluge would have to agree / request the motion based on his holdings.

yes, still the same opinion (split would do good)
as far as for this feature to be supported, it _should/is_ not that complicated.
all it needs is a clean spec/request, approve the request (is it what we wanted?) and write it.
from testing to implementation is usually quick. and development is novadays also quick

[zapeta]

No DIV this week ?

Goat's account is locked.  You can watch him and Nefario argue about it like teenaged girls here:  https://bitcointalk.org/index.php?topic=67818

Stuff gets good around the 4th-5th page.

[The00Dustin]

It would still be reasonable for the information to be posted with an apology for the continued delay.

[The00Dustin]

That, and I think it's not particularly fair for Nefario to hold dividend
hostage as part of the dispute he's having with goat ...

No, it wouldn't be, but you don't know whether or not Goat asked him to distribute dividends, so you don't know if they are truly held hostage or not.

[Kluge]

I expect Goat's assets to be unfrozen within 24h, likely within 12h, and ideally, within about an hour. I believe Goat's gone to sleep now, so dividends wouldn't be paid until he wakes up. I'm just waiting on securing the documents so I can verify and give Nefario the green-light. Glad this will all be less than a footnote soon. 


Cheers,

Ben

[Matthew N. Wright]

I expect Goat's assets to be unfrozen within 24h, likely within 12h, and ideally, within about an hour. I believe Goat's gone to sleep now, so dividends wouldn't be paid until he wakes up. I'm just waiting on securing the documents so I can verify and give Nefario the green-light. Glad this will all be less than a footnote soon.  


Cheers,

Ben

I just got word that Kluge received his dividends early in secret, and was overpaid but didn't return his unfair portion making all other dividend receivers unfairly suffer. This comes from a very trusted source.

[Kluge]

I expect Goat's assets to be unfrozen within 24h, likely within 12h, and ideally, within about an hour. I believe Goat's gone to sleep now, so dividends wouldn't be paid until he wakes up. I'm just waiting on securing the documents so I can verify and give Nefario the green-light. Glad this will all be less than a footnote soon.  


Cheers,

Ben

I just got word that Kluge received his dividends early in secret, and was overpaid but didn't return his unfair portion making all other dividend receivers unfairly suffer. This comes from a very trusted source.

I just wanted to quote this so he can't get rid of this later. Sure glad you are a new reporter :/

I made a bad joke a day or two ago stating I received the magazine, giving a review, and posting a tracking number from a free Grainger catalog I ordered. Now, there are people in the BTCMag thread wondering why they haven't received a magazine yet when so many others have.   

[Matthew N. Wright]

This source also claims that Kluge has an agreement to take a large amount of the dividends off the top from now on. I don't know how I feel about him doing this, but I have faith that Chaang Noi will not let this affect his other investors profits.

[The00Dustin]

My math shows 4.957395 of 10.4 paid out on 3/27 and an extra .10799 paid out in the correction today.  So...
10.4
-4.957395
=5.442605 (if 10.4 wasn't a rounded number)
-0.10799
=5.334615 (if 9.1 wasn't a rounded number)
Left to pay from 3/27.
I only did the math one way and one time (my payment / my shares * 1500 vs posted payout amount [10.4 on 3/27 and 9.1 today])

[The00Dustin]

Also I'm kinda shocked no one noticed :/

Feel free to double check my work anytime. I'm human

Me too, I checked the first couple, but then I went all lazy human...  Anyway, I was in the process of double-checking, here's my alternate work involving less math (and if you want to wait for a third party, that's fine, but this will be easier for you to verify yourself):

Amounts to be paid out:
       10.4+9.1=19.5

Numbers on TyGrr page (payout per share) * 1500 shares:
.00330493*1500=4.957395
  .002892*1500=4.338
.00324666*1500=4.86999

Numbers above combined:
              19.5
              -4.957395
              -4.338
              -4.86999
              =5.334615

[tgmarks]

Also I'm kinda shocked no one noticed :/

Feel free to double check my work anytime. I'm human

Me too, I checked the first couple, but then I went all lazy human...  Anyway, I was in the process of double-checking, here's my alternate work involving less math (and if you want to wait for a third party, that's fine, but this will be easier for you to verify yourself):

Amounts to be paid out:
       10.4+9.1=19.5

Numbers on TyGrr page (payout per share) * 1500 shares:
.00330493*1500=4.957395
  .002892*1500=4.338
.00324666*1500=4.86999

Numbers above combined:
              19.5
              -4.957395
              -4.338
              -4.86999
              =5.334615

I verified and agree with these numbers.

[DeaDTerra]

GLBSE with 4 accounts and assets everywhere is very hard to manage.

I imagine it would be.  Especially when they are all scams.  

What are these accusations people keep trowing at Goat at least provide some pathetic proof for your statement so that I have something I can argue against!
//DeaDTerra

[rjk]

GLBSE with 4 accounts and assets everywhere is very hard to manage.

I imagine it would be.  Especially when they are all scams. 

Scams pay dividends? I never knew! I must invest in a few.

[flip]

Scams pay dividends? I never knew! I must invest in a few.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
 
The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

[Red Emerald]

GLBSE with 4 accounts and assets everywhere is very hard to manage.

I imagine it would be.  Especially when they are all scams.  

Scams pay dividends? I never knew! I must invest in a few.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
 
The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

Sound familiar?

Are you HorseRider's alt or something?

You saw all the math above about mining, right?  I guess you believe its all fake numbers and goat is somehow using his own funds from selling his own shares or...?  How many baseless accusations are going to be thrown around here?

[DeaDTerra]

GLBSE with 4 accounts and assets everywhere is very hard to manage.

I imagine it would be.  Especially when they are all scams.  

Scams pay dividends? I never knew! I must invest in a few.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of the high returns requires an ever-increasing flow of money from new investors to keep the scheme going.
 
The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

Sound familiar?

There are a couple of flaws in your idea.
1. Why would Goat not issue all the shares? why do he still hold shares if he could just sell them and scam some more people?
2. As Goat is not selling any more shares and is not getting any new capital and he's paying dividend. Why has he not ran away yet? The best scam would be to sell the IPO and run, he would make a lot more money by running from the beginning then to payout dividends and losing his "scam money" by paying the share holders. A poinzi scam has to have more money entering the system since the IPO is already complete there is no more money entering the system
3. Goat has proved that he owns the hardware that he says he does, he has also showed his ID several times. These are not thing a scammer would provide or be able to provide.

//DeaDTerra

[DeaDTerra]

Which one of his IPOs are you talking about? My guess is he will ask for a loan on this forum or release a new IPO within the next 6 months if he wants to maintain the Ponzi. Or he will just disappear. He is not selling more assets because the price has dropped below his listing price on his assets and he would be an even more obvious scammer if he did so. That is why he keeps putting up new listings.

I am talking about TyGrr atm. He releases more IPOs because he has new projects and companies, not because he wants to power his ponzi.
//DeaDTerra

[OgNasty]

OK, I guess I'm defending Goat now...

I don't believe Goat is running a ponzi scheme.  He is running pass-thru operations to his First Pirate Savings & Trust account.  While that doesn't make him a scammer, it does make him a liar.  He's getting a higher % off his investor's BTC than he is paying out and since his operations are make believe, that can make tracking dividends and such difficult (what a tangled web we weave when we aspire to deceive).  I also don't believe he is in Thailand.  His avatar looks like a poorly photoshopped job (see black shirt on black background) and he appears to be selling honey using a 3rd party in Thailand to make it appear that he is located somewhere that he is not.  A simple 10 second video of him and his wife with some honey in Thailand would show me that I am wrong, but he doesn't want to do this for some reason.  That is why I worry about the potential of him disappearing.  He also has expressed fear in regards to Shakaru's situation of having a bounty hunter sent after him and refuses to provide the GLBSE with his identity documents.  Ask yourself this, would someone who is running an operation the size of Goat's claim, with multiple listings on the GLBSE and even larger outside projects, spend their time visiting bee farms in Thailand to sell honey for next to nothing to raise funds to be a donator?  It just doesn't add up.  Is Goat running a ponzi scheme?  I don't think so.  Is Goat a liar who cannot be trusted?  Yes.  That doesn't mean he will scam everyone, it just means he's a liar.  If you are comfortable doing business with a liar, buy his shares and enjoy the ride.  If not, don't.  I think it is that simple.

[Red Emerald]

OK, I guess I'm defending Goat now...

I don't believe Goat is running a ponzi scheme.  He is running pass-thru operations to his First Pirate Savings & Trust account.  While that doesn't make him a scammer, it does make him a liar.  He's getting a higher % off his investor's BTC than he is paying out and since his operations are make believe, that can make tracking dividends and such difficult (what a tangled web we weave when we aspire to deceive).  I also don't believe he is in Thailand.  His avatar looks like a poorly photoshopped job (see black shirt on black background) and he appears to be selling honey using a 3rd party in Thailand to make it appear that he is located somewhere that he is not.  A simple 10 second video of him and his wife with some honey in Thailand would show me that I am wrong, but he doesn't want to do this for some reason.  That is why I worry about the potential of him disappearing.  He also has expressed fear in regards to Shakaru's situation of having a bounty hunter sent after him and refuses to provide the GLBSE with his identity documents.  Ask yourself this, would someone who is running an operation the size of Goat's claim, with multiple listings on the GLBSE and even larger outside projects, spend their time visiting bee farms in Thailand to sell honey for next to nothing to raise funds to be a donator?  It just doesn't add up.  Is Goat running a ponzi scheme?  I don't think so.  Is Goat a liar who cannot be trusted?  Yes.  That doesn't mean he will scam everyone, it just means he's a liar.  If you are comfortable doing business with a liar, buy his shares and enjoy the ride.  If not, don't.  I think it is that simple.

I think "liar" should be replaced with "withholder of truth"

[Nefario]

OK, I guess I'm defending Goat now...

I don't believe Goat is running a ponzi scheme.  He is running pass-thru operations to his First Pirate Savings & Trust account.  While that doesn't make him a scammer, it does make him a liar.  He's getting a higher % off his investor's BTC than he is paying out and since his operations are make believe, that can make tracking dividends and such difficult (what a tangled web we weave when we aspire to deceive).  I also don't believe he is in Thailand.  His avatar looks like a poorly photoshopped job (see black shirt on black background) and he appears to be selling honey using a 3rd party in Thailand to make it appear that he is located somewhere that he is not.  A simple 10 second video of him and his wife with some honey in Thailand would show me that I am wrong, but he doesn't want to do this for some reason.  That is why I worry about the potential of him disappearing.  He also has expressed fear in regards to Shakaru's situation of having a bounty hunter sent after him and refuses to provide the GLBSE with his identity documents.  Ask yourself this, would someone who is running an operation the size of Goat's claim, with multiple listings on the GLBSE and even larger outside projects, spend their time visiting bee farms in Thailand to sell honey for next to nothing to raise funds to be a donator?  It just doesn't add up.  Is Goat running a ponzi scheme?  I don't think so.  Is Goat a liar who cannot be trusted?  Yes.  That doesn't mean he will scam everyone, it just means he's a liar.  If you are comfortable doing business with a liar, buy his shares and enjoy the ride.  If not, don't.  I think it is that simple.

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

[Raoul Duke]

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

Never understood why you allowed that to happen...
Also don't understand why Goat said you wanted to freeze his BTC and USD even outside GLBSE. Been waiting for you to say this is a lie, but given that you didn't I'm inclined to believe in Goat.

[DeaDTerra]

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

Never understood why you allowed that to happen...
Also don't understand why Goat said you wanted to freeze his BTC and USD even outside GLBSE. Been waiting for you to say this is a lie, but given that you didn't I'm inclined to believe in Goat.

That's what the shareholders wanted, we wanted the situation to be solved quickly and that was the easiest way maybe not the best but it was at least solved. It has already been stated that Nefario can not be hold responsable for anything that happens after this, he has given the shareholders his warning we chose not to listen to him.
//DeaDTerra

[Nefario]

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

Never understood why you allowed that to happen...
Also don't understand why Goat said you wanted to freeze his BTC and USD even outside GLBSE. Been waiting for you to say this is a lie, but given that you didn't I'm inclined to believe in Goat.

I'd be more inclined to say that goat has forced me to change how I do things, especially what I say on the forums.

I will be making a statement on this later.

[Raoul Duke]

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

Never understood why you allowed that to happen...
Also don't understand why Goat said you wanted to freeze his BTC and USD even outside GLBSE. Been waiting for you to say this is a lie, but given that you didn't I'm inclined to believe in Goat.

That's what the shareholders wanted, we wanted the situation to be solved quickly and that was the easiest way maybe not the best but it was at least solved. It has already been stated that Nefario can not be hold responsable for anything that happens after this, he has given the shareholders his warning we chose not to listen to him.
//DeaDTerra

That's still not a reasonable reason for Nefario to allow it... sorry...

I'd be more inclined to say that goat has forced me to change how I do things, especially what I say on the forums.

I will be making a statement on this later.

I can understand your lack of a statement on the matter.
I'm still finding very funny the fact that Goat never cared that GLBSE wasn't a registered company when he used it to collect funding but when you asked him for ID verification it suddenly started to be a huge problem
EDIT: I hope you are ready for that argument to be brought to light every time you do the same thing...

[vampire]

OK, I guess I'm defending Goat now...

I don't believe Goat is running a ponzi scheme.  He is running pass-thru operations to his First Pirate Savings & Trust account. While that doesn't make him a scammer, it does make him a liar.  He's getting a higher % off his investor's BTC than he is paying out and since his operations are make believe, that can make tracking dividends and such difficult (what a tangled web we weave when we aspire to deceive). 

That's a silly accusation. Most of the banks do that. What's the interest rate that savings pays now in US? 1%? LOL they invest into some muni bonds at 8% and pocket the 7% difference.

I also don't believe he is in Thailand.  His avatar looks like a poorly photoshopped job (see black shirt on black background) and he appears to be selling honey using a 3rd party in Thailand to make it appear that he is located somewhere that he is not.  A simple 10 second video of him and his wife with some honey in Thailand would show me that I am wrong, but he doesn't want to do this for some reason.  That is why I worry about the potential of him disappearing.  He also has expressed fear in regards to Shakaru's situation of having a bounty hunter sent after him and refuses to provide the GLBSE with his identity documents.  Ask yourself this, would someone who is running an operation the size of Goat's claim, with multiple listings on the GLBSE and even larger outside projects, spend their time visiting bee farms in Thailand to sell honey for next to nothing to raise funds to be a donator?  It just doesn't add up.  Is Goat running a ponzi scheme?  I don't think so.  Is Goat a liar who cannot be trusted?  Yes.  That doesn't mean he will scam everyone, it just means he's a liar.  If you are comfortable doing business with a liar, buy his shares and enjoy the ride.  If not, don't.  I think it is that simple.

Kluge has his ID,  and looks like it checked out... So it's a mute point.

[P4man]

You saw all the math above about mining, right?  I guess you believe its all fake numbers

I believe Goat has admitted as much.
He didnt use the word fake though, I dont remember what he used, "theoretical", I believe? The dividends he pays for his mining company are not based on actual costs and revenue, as he said, he just uses an online mining calculator to calculate what it should earn in theory and bases his payout on that. So yeah, those numbers are indeed pretty fake.

Ill leave it to you to decide whether thats because:

A) His farm isnt making as much as what it should in theory, and he is paying shareholders out of his pocket to compensate them for downtime and so give them dividends they dont deserve, calculated on non existing profits (and costs?). I believe thats the official claim
B) he is using his mining rigs on his own Project 2 hopping proxy and GPUmax and is getting much more than what the mining calculator estimates and he just pockets the difference.
C) Ponzi.
D) something else

edit: link to goats statement:
https://bitcointalk.org/index.php?topic=52081.msg773315#msg773315

[Nefario]

Kluge has his ID,  and looks like it checked out... So it's a mute point.

Stop reeling me back in!  Kluge never stated the ID shows a Thai address.  Him saying "I've seen it" doesn't mean anything, a moot point. Mute point?  WTF is that?  If you are a TyGrr shareholder, see above, these are your peers...

What Kluge sent me...part of

I've received the ID documents from Goat (passport, work permit, student ID, some type of bill [I don't read uhhh... Thai -- it's called Thai, right?]). They all look legit, and I went a step further and did some snooping on my own. The dates on his documents match up

[Kluge]

I haven't seen Goat's ID documents but Kluge has, and has told me that they all seem legit.

Did Kluge say what address was on the documents?  Is it a Thai address or a US address?  Is Kluge a holder of shares in any of Goat's listings?

I hold ~1.3k BTC in Goat's various projects (Nef has verified this). The images are very high-res. His nationality is marked as "American" (in English), but holds a work permit for Thailand. His employer is probably in Thailand (give me a few minutes to convert the image to text, then to English -- I already did this with some of the info prior to giving the green light to Nefario). I will not be releasing the address unless Goat defaults or disappears for an extended period of time (instead, I'll give an "It's in Thailand" or "It's not in Thailand" answer). I only still have these files because I forgot to delete the non-encrypted email and retrieved it. After this, I'm deleting everything but the container which only Nefario will have the password for. However, I'll convert all the images to text, translate to English, include them in the encrypted container which Nefario has the password for, then delete everything of Goat's outside that encrypted container.

Cheers,

Ben

[OgNasty]

SOMEBODY STOP ME!

[rjk]

I hold ~1.3k BTC in Goat's various projects (Nef has verified this).

Thank you for being honest.  This conflict of interest should not be acceptable to anyone.  Why do I feel like I'm the only person here with any kind of experience trading public securities?

AND WHY CAN'T I LEAVE THIS THREAD ALONE AND IGNORE GOAT'S LIES?!?!  It's like I'm turning into the Bitcoin police or something.  Somebody stop me!

Hands up! The cake Goat is a lie!

[Kluge]

I hold ~1.3k BTC in Goat's various projects (Nef has verified this).

Thank you for being honest.  This conflict of interest should not be acceptable to anyone.  Why do I feel like I'm the only person here with any kind of experience trading public securities?

AND WHY CAN'T I LEAVE THIS THREAD ALONE AND IGNORE GOAT'S LIES?!?!  It's like I'm turning into the Bitcoin police or something.  Somebody stop me!

How is it a conflict of interest? I told Goat this prior to him accepting our agreement. If Goat were to release my PMs, you'd know I'm eager to see the price of his assets fall so I can purchase them. I live in the US and have given Nefario my own ID. I'm still investing fair sums of money in Goat. If you count a personal loan to him, I have about 1.5k BTC with him. With as much at stake as I have (contrary to what znort may think  ), I believe I'm one of the most interested people in whether or not he's legitimate. I believe he is, the money is going toward what he says it is (he does have an account with Pirate in excess of 2k BTC, though that was put in there a long time ago, and as we lenders know where everyone ranks as having the most deposited with Pirate, am pretty sure Goat hasn't been significantly increasing his stake).

Also worth noting Goat has proven he has the hashing power of TyGrr Tech (and implied equipment, though I guess he could just be redirecting hashes from "Project #2" -- I'm not sure which was created first).


ETA: And yes, after converting image to pdf, then running through an OCR reader which picks up Thai, it does seem Goat is employed in Thailand, and has a now-understandably good knowledge of local beaches. -- I'll be converting the remaining documents to text, saving to the encrypted folder, then deleting them (less in the encrypted folder). If I find an address, I'll update to say I know which country he currently lives in.

ETA2: The OCR is not picking up the ID cards well. I'm having to edit a lot of the characters manually after trying to clean the image up so the OCR software can grab it more easily. This is taking a looooong time without a Thai keyboard. I suspect it will take multiple days to finish, though the OCR software has less problem with the work permit. That said, the Thai language has some nifty-looking characters. I especially like the ornate "u" with a taco over it.... safety pin, taco u, double cart-legs.... I really feel like I'm learning something here. ETA3: I'll be asking Goat to translate some of this for me. I'm having a Hell of a time locating a "u with a loop-de-loop over it on the right side" in the character map just for the transliteration.

[Kluge]

The community was warned, Nefario tried his best to stop Goat from scamming everyone and alerted his shareholders.  No investor at this point can be angry when this goes bad.

I also have been given doxx by Goat, it is legit.

Was his address a Thai address or a US address?  Notice how nobody will answer this question because everything I have stated is true.  He is a liar with a photoshopped avatar and is selling honey using a 3rd party to convince people he is in Thailand so that when it goes bad he will feel safe in his Mom's basement.  

Edit:  I wish I could stop responding but I just have a thing for liars.

Why are you on such a crusade against Goat? Shouldn't a higher standard of proof be required before we start throwing the word "scam" around on this forum? Every other thread has one guy calling another guy a scammer on it. I know there are actually a lot of scams going on, but most of these scam accusations (not just yours) don't seem to have any evidence backing them.

That's exactly the kind of mindset a scammer would promote.... o.O

[stochastic]

The community was warned, Nefario tried his best to stop Goat from scamming everyone and alerted his shareholders.  No investor at this point can be angry when this goes bad.

I also have been given doxx by Goat, it is legit.

Was his address a Thai address or a US address?  Notice how nobody will answer this question because everything I have stated is true.  He is a liar with a photoshopped avatar and is selling honey using a 3rd party to convince people he is in Thailand so that when it goes bad he will feel safe in his Mom's basement.  

Edit:  I wish I could stop responding but I just have a thing for liars.

Why are you on such a crusade against Goat? Shouldn't a higher standard of proof be required before we start throwing the word "scam" around on this forum? Every other thread has one guy calling another guy a scammer on it. I know there are actually a lot of scams going on, but most of these scam accusations (not just yours) don't seem to have any evidence backing them.

For full disclosure, I own none of Goat's stock, nor do I know him or have any interest in his success or failure. I'm just puzzled at how people can get so completely convinced of something with no real evidence backing it. I'm not saying Goat isn't a scammer, either. I just don't see why you care so much.

OgNasty also doesn't seem to be verified on GLBSE and mergedmining.  Has GLBSE just not been updated?  Also, unlike TyGrr, MergedMining does not release a balance sheet.  Which is fine if that is OK with the share holders.

[OgNasty]

OgNasty also doesn't seem to be verified on GLBSE and mergedmining.  Has GLBSE just not been updated?  Also, unlike TyGrr, MergedMining does not release a balance sheet.  Which is fine if that is OK with the share holders.

Nope.  Not a case of the GLBSE not being updated.  The only evidence that I am not running a scam is the image showing the current hashing power of the company which is provided by a 3rd party (btcstats.net).  This is due to me being a financial analyst for a publicly traded company that covers financial instruments and legally not being able to confirm my identity as the issuer of shares in a company without risking the loss of my employment and barring of my securities licenses.  Let the tinfoil hats fall where they may.

[stochastic]

OgNasty also doesn't seem to be verified on GLBSE and mergedmining.  Has GLBSE just not been updated?  Also, unlike TyGrr, MergedMining does not release a balance sheet.  Which is fine if that is OK with the share holders.

Nope.  Not a case of the GLBSE not being updated.  The only evidence that I am not running a scam is the image showing the current hashing power of the company which is provided by a 3rd party (btcstats.net).  This is due to me being a financial analyst for a publicly traded company that covers financial instruments and legally not being able to confirm my identity as the issuer of shares in a company without risking the loss of my employment and barring of my securities licenses.  Let the tinfoil hats fall where they may.

Wow, you demand I post a video of myself with honey and send out my ID but you wont give out any ID? Seems fair I guess...   Once Nefario locks your account how will you resolve this? Will the share holders get anything back? Hmm...

Hey now, put that tin-foil hat away.

[OgNasty]

Wow, you demand I post a video of myself with honey and send out my ID but you wont give out any ID? Seems fair I guess...   Once Nefario locks your account how will you resolve this? Will the share holders get anything back? Hmm...

I am not lying about my operations and I don't have multiple listings on the GLBSE.  Therefore, Nefario will not lock my account.  However, for the sake of addressing your genuine concern...  I am pushing Nefario to instate a 'bonded by the GLBSE' program that will allow me to put up funds that will be paid out to my investors in the event the worst case scenario were to occur.

[Nefario]

Wow, you demand I post a video of myself with honey and send out my ID but you wont give out any ID? Seems fair I guess...   Once Nefario locks your account how will you resolve this? Will the share holders get anything back? Hmm...

I am not lying about my operations, lying about where I live, lying about having a Thai wife, using a photoshopped avatar, and I don't have multiple listings on the GLBSE.  Therefore, Nefario will not lock my account.  However, for the sake of addressing your genuine concern...  I am pushing Nefario to instate a 'bonded by the GLBSE' program that will allow me to put up funds that will be paid out to my investors in the event the worst case scenario were to occur.

How about that video of you and your wife with some of your honey in Thailand?  I noticed you've been ignoring that request, but you are obviously aware of it now.  I said I would apologize to you once you did that.  Why the reservations?  Your picture is already in your avatar.  What are you hiding?

Give it a rest dude.

[stochastic]

Wow, you demand I post a video of myself with honey and send out my ID but you wont give out any ID? Seems fair I guess...   Once Nefario locks your account how will you resolve this? Will the share holders get anything back? Hmm...

I am not lying about my operations, lying about where I live, lying about having a Thai wife, using a photoshopped avatar, and I don't have multiple listings on the GLBSE.  Therefore, Nefario will not lock my account.  However, for the sake of addressing your genuine concern...  I am pushing Nefario to instate a 'bonded by the GLBSE' program that will allow me to put up funds that will be paid out to my investors in the event the worst case scenario were to occur.

How about that video of you and your wife with some of your honey in Thailand?  I noticed you've been ignoring that request, but you are obviously aware of it now.  I said I would apologize to you once you did that.  Why the reservations?  Your picture is already in your avatar.  What are you hiding?

Give it a rest dude.

So for the bonding, a listed asset on GLBSE basically borrows money from investors and saves a portion of that to pay them back in case the asset creator fails?

I think nefario should request some personal verification from all people listing assets on GLBSE or use some third-party verifier.

[OgNasty]

So for the bonding, a listed asset on GLBSE basically borrows money from investors and saves a portion of that to pay them back in case the asset creator fails?

The thought is that it wouldn't be invested funds used for the bond, but profits from operations.  I will "give it a rest" as Nefario has requested and stop responding to questions on this thread.

[Nefario]

So for the bonding, a listed asset on GLBSE basically borrows money from investors and saves a portion of that to pay them back in case the asset creator fails?

I think nefario should request some personal verification from all people listing assets on GLBSE or use some third-party verifier.

Bonding?

[stochastic]

So for the bonding, a listed asset on GLBSE basically borrows money from investors and saves a portion of that to pay them back in case the asset creator fails?

The thought is that it wouldn't be invested funds used for the bond, but profits from operations.  I will "give it a rest" as Nefario has requested and stop responding to questions on this thread.

For a bond the only time I put up a bond was with my own cash as I never borrow money, but I am sure other people and companies cannot afford that.  I assume that the owners of companies that borrow money that is needed not only for the loan to open the company but also on the bond have to put up some kind of collateral.

I don't know how it would work with GLBSE but anything that gives some protection to shareholders, but I prefer a prediction market for asset failures more.

[Nefario]

We'll be adding a prediction market, that  in and of itself is an excellent idea that has much merrit.

We are slowing adding measures to help reduce risk of fraud. We'll only find out in time which ones are most effective(without killing the market).

[The00Dustin]

Should TyGrr Tech hold 50% of income to invest in future hardware?   

Yea votes: 399

Nay votes: 73


Should TyGrr Tech create and sell 150 new shares at 3BTC each to raise capital for either FPGAs or 7990s. Second vote to be had later if this one is successful.


Yea votes: 430

Nay votes: 55


Looks like both have passed. I will start holding 50% of the dividends and I will start selling the 150 new shares ate 3BTC each.

If you would like to help fund the expansion please buy these directly from me. You will send me the BTC and then I will transfer them into your account.

Thank you.

Did these new shares end up selling?  I thought they were listed on GLBSE prior to the freeze, and they don't appear to be listed there anymore.  Thought I'd mention it in case the order was cancelled (intentionally or otherwise) during (or after) the freeze.

[gewure]

well, thanks. the share price is totally fucked up.

i spend 60+ btc in this venture, if i would liquidate now, i would have lost at least 60% of it.
.. and please don't tell me its shit-money and not worth it. its a big part of all my savings im studying, no time to work, im living from about 220 bitcoin/month, so this is pretty serious to me.

dividends have been nice so far, but it frightens me very much, to see A) such discussion B) that shareprice C) evermore strange projects from goat (tygrrbank, tygrr bot) whcih don't really add confidence to me..

about kluge.. i don't know what it is about him and goat, but if there is something like inside-trading that would be an serious act of defraud on every shareholder, and therefore must be persecuted.

whatever, i don't know. as long as there are dividends, i don't really worry, but if there arent any anymore.. well..

you frightened me

[vampire]

To the above poster:

This isnt a regulated industry, glbse isn't licensed by any gov to my knowledge. So insider trading would be expected.

[Kluge]

To the above poster:

This isnt a regulated industry, glbse isn't licensed by any gov to my knowledge. So insider trading would be expected.

As far as insider trading, I did have knowledge of how the ID situation was progressing as I was directly involved. I did give public notice the situation was going to be resolved very soon - that was about an hour or two before I actually bought the bonds. I'm fairly sure I haven't acted on any privileged information outside of that, and don't believe I've ever knowingly acted to decrease the value of TyGrr* stocks (though I did note to Goat I wasn't very worried about the value of TyGrr-Bank declining because I was interested in cheap aftermarket bonds - though it's probably worth noting that was after the ID fiasco was resolved).

[stochastic]

To the above poster:

This isnt a regulated industry, glbse isn't licensed by any gov to my knowledge. So insider trading would be expected.

As far as insider trading, I did have knowledge of how the ID situation was progressing as I was directly involved. I did give public notice the situation was going to be resolved very soon - that was about an hour or two before I actually bought the bonds.

I think the problem is that you could have been 99% sure that the ID situation was going to be resolved but everyone else could not be that sure as your projection of the resolution was not backed by anything.  You were able to trade on that knowledge as you were directly involved in the mediation but other people did not have that knowledge and thus perceived more risk.  It would probably have been better if you stated that you would not trade for a week after the mediation was completed.  I do appreciate you taking the time to resolve the issue though.  I think you did well in stating you had an interest in getting the dispute between nefario and goat resolved, but I think you could have done a little better in the post-mediation time in purchasing shares or bonds right after the dispute was resolved.

Except for market making opportunities, I have decided to stay out of any contracts on GLBSE in the long term that don't confirm the ID of any of the asset issuers on GLBSE, like Garr has completed.

[HorseRider]

Except for market making opportunities, I have decided to stay out of any contracts on GLBSE in the long term that don't confirm the ID of any of the asset issuers on GLBSE.

+1

[brendio]

well, thanks. the share price is totally fucked up.

i spend 60+ btc in this venture, if i would liquidate now, i would have lost at least 60% of it.
.. and please don't tell me its shit-money and not worth it. its a big part of all my savings im studying, no time to work, im living from about 220 bitcoin/month, so this is pretty serious to me.

The problem with valuation is that there is an inverse relationship to the exchange rate. At start up, TyGrr had ca. $15,000 worth of equipment and issued 1500 shares, meaning each share was backed by $10 worth of hardware. When the exchange rate was around $3, each share was backed by about 3 BTC worth of assets. Now that the exchange rate has increased, each share is back by only about 1.5 BTC worth of tangible assets. So, the exchange rate going up means I'm not willing to pay as much in BTC for TyGrr shares. So, yes this translates to a loss when denominated in BTC, but about break even or a bit ahead in US$ terms (i.e. I spent $10 worth of BTC for a share. I can now sell that share for about $12 worth of BTC).

[Red Emerald]

So if 593 shares were paid, shouldn't there be a bunch of shares available at 3.0 BTC? I must be missing something.

[Red Emerald]

So if 593 shares were paid, shouldn't there be a bunch of shares available at 3.0 BTC? I must be missing something.

I hold 903 shares. This time I did not pay myself. 

Contract says I can not sell more than 750 shares so at the most only 153 could be for sale. However I am not looking to sell my shares right now.

Thanks.

Oh.  So where are the last 4 shares?  903+593=1496

[gewure]

0.3878582    TYGRR    2012-04-07 00:52:59



O_o made a failure while paying out dividends?!

[TheBitMan]

If I where to buy one share how much is one dividend?
And how often do you pay them out?

[Red Emerald]

If I where to buy one share how much is one dividend?
And how often do you pay them out?

I pay out every Tuesday evening (Thai time) and you would get 1/1500th times 49.75% of what we mined that week.

I get 5% for managing things and 50% goes into savings.

Uh... 49.75% + 5% + 50% is not 100%

[Matthew N. Wright]

Sorry for the late comments (have been ignoring this thread on purpose).

I can't comment on any of the other allegations yet (although I have heard many unsavory claims regarding a user on IRC by the name of TyGrr in relation to CP) but I can say two things:

1) Unless Kluge actually works for law enforcement, his opinion doesn't mean squat for if "documents look official" or not. He needs to be able to run them against a live database, not just check and see if they are high quality scans of potentially fake documents. Kluge, are you in any capacity to be able to do that?

His avatar looks like a poorly photoshopped job (see black shirt on black background)

2) Doesn't look photoshopped to me and I know because I've shooped a few shoops in my day.

[Kluge]

1) Unless Kluge actually works for law enforcement, his opinion doesn't mean squat for if "documents look official" or not. He needs to be able to run them against a live database, not just check and see if they are high quality scans of potentially fake documents. Kluge, are you in any capacity to be able to do that?

Nope. Checked with what university has published. They certainly could be fake (or perhaps more likely, stolen). I don't believe them to be fake given there is third-party evidence supporting his claims (rather, supporting claims that the person he is alleging to be exists and went to the same university Goat has a student ID for with "his" picture), there are no red flags I can notice (though, being foreign, all I can do is look at samples online and compare them against what he sent), and the amount of time which would likely go into securing all the fake/stolen documents. All of the documents have images of Goat at various ages.


I would be surprised if Nefario had the ability to do more than I am able to -- pleasantly surprised, of course. Wouldn't he need a live db for every law enforcement agency in the world?

[Matthew N. Wright]

Matthew I do not know why you spread these rumors about me.

What rumor are you talking about? I wasn't even talking to you, I was talking to Kluge. Did you have something informative to add to the conversation about how Kluge wasn't qualified to say if legal documents are legitimate or not? Or did you just want to show off your lack of reading comprehension for a little while longer?

[mila]

I wonder why I am not the only one refusing to hand them over. :/

you're not the only one. I wrote in an email I'd provide postal address, phone nr and show id on skype but no way I'd send a scanned hires pic of my ID. on the other hand my glbse asset management worth is zero and what I planned to issue had anyway a cap of < 100 btc to begin with

[brendio]

well, thanks. the share price is totally fucked up.

i spend 60+ btc in this venture, if i would liquidate now, i would have lost at least 60% of it.
.. and please don't tell me its shit-money and not worth it. its a big part of all my savings im studying, no time to work, im living from about 220 bitcoin/month, so this is pretty serious to me.

The problem with valuation is that there is an inverse relationship to the exchange rate. At start up, TyGrr had ca. $15,000 worth of equipment and issued 1500 shares, meaning each share was backed by $10 worth of hardware. When the exchange rate was around $3, each share was backed by about 3 BTC worth of assets. Now that the exchange rate has increased, each share is back by only about 1.5 BTC worth of tangible assets. So, the exchange rate going up means I'm not willing to pay as much in BTC for TyGrr shares. So, yes this translates to a loss when denominated in BTC, but about break even or a bit ahead in US$ terms (i.e. I spent $10 worth of BTC for a share. I can now sell that share for about $12 worth of BTC).

Can not forget about the 5 months of solid dividends:)

So what is your current valuation of the assets and how much would one currently get if they accept your buy-back offer at 90% of USD asset value (see quote below from contract)?

What makes TyGrr tech different from other mining companies? The CEO (Chaang Noi) will offer to pay $US dollar cash for any share at anytime from anyone. The price Chaang Noi will pay will be 90% of the value of the assets of the Company. Therefor if bitcoin price falls in terms of US dollars the stock price of TyGrr will go up.

[R-]

Do you have a Facebook?

[R-]

[quote  author=znort987 link=topic=52081.msg857582#msg857582 date=1334777401]

Do you have a Facebook?

LOL.

This is rather a privacy aware community.

[/quote]
Did that I make you laugh out loud!? Damn Rob you're a comedian today

[Red Emerald]

Wow. I didn't expect dividends per share to go up so much.  Cool!

[brendio]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Bitcoin Investment Bank Announcement

To Goat, TyGrr shareholders, and to whomever else it may concern.

Bitcoin Investment Bank (BIB) previously held a mortgage over two AMD Radeon HD 6990 GPU cards
owned by Goat (and possibly assigned to TyGrr) under the terms of a bond contract traded on
GLBSE under ticker BIB.goat.

Notice is hereby given that Goat has satisfied the terms in full and repaid all sums owing
under the contract. As such, the mortgage over the two AMD Radeon HD 6990 GPU cards is hereby
released and Goat and/or TyGrr now has unencumbered ownership of the same.

BIB wishes to thank Goat for his custom.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.17 (MingW32)

iQEcBAEBAgAGBQJPkVjqAAoJELlDeJJBw5c+y5cH/3VXFYhO6xuLuhfhjKRxSbX5
DIz9Wxu1IiR1nVcN2t5ZXgEN/NsrQv5NcL95ruDyBtf/+5JxvnvzkcGxGzmSJ3rX
WQ7y4JFaJeQB5UQGoZldPhdcNthFdiLohVoIGrMCU3drj1eJmKizG1fzj9QZwWaR
XLqobh8kUGe9wXqOaFaSMSKTcI4JVWA83Vc2fun5DnUTJcweUCqZMzrN4OerDIoP
hy1ElqNf1NmfRYSOeQhvUUpHut6o3FZI7mLqDSk9bmqoj5QXbwlFfBot83rL0KFG
wKqJzZo64Jz++ga/6HIYw1cmS54ObCg2Ogq337yf+V7BK+OFie51Z/dfXINc02A=
=sv2A
-----END PGP SIGNATURE-----

[notawake]

We had one of the mother boards go bad, I sent it in because it is under warranty. They checked it out and said the damage was due to water or liquid and thus it is not covered. I do not know how water would have got on the board and once I told them this they said maybe a mouse pissed on it. I had to laugh. Anyway it was not in a closed case.

What should we do,

1) fight the warranty

2) fix it at cost

3) replace it

4) do nothing

These guys have been pretty good about fixing all my stuff. About 10 dead cards, 2 other MBs, and one PSU. It will be kinda hard for me to come in swinging about the warranty esp since I can't prove it was not a mouse. Odds are if it was an animal it was a one of the lizards that come and go.

The mother board was one of the lower end boards that supported 4 cards.

Thanks.

What are the costs of each option?

[notawake]

Hello All,

I am looking for a way other than Gox to convert BTC into US Dollars or Thai Baht. Interested in all ideas.

I will need to do this to pay for the power.

Thanks.

If you don't mind me asking, what was the problem with Gox? I would imagine they have the best liquidity and alternatives may end up costing more in transaction fees, spread, etc.

[stochastic]

Hello All,

I am looking for a way other than Gox to convert BTC into US Dollars or Thai Baht. Interested in all ideas.

I will need to do this to pay for the power.

Thanks.

If you don't mind me asking, what was the problem with Gox? I would imagine they have the best liquidity and alternatives may end up costing more in transaction fees, spread, etc.

Funny you mention this... https://bitcointalk.org/index.php?topic=78596.new;topicseen#new

[xkrikl]

I have a question: Where does the company mine (pool, solo)?
In the contract you say that we are shareholders and that the company mines the coins, pays for electricity and the rest is profit. From the profit you take 5% and the rest goes 50:50 as savings and dividends.
But in reality you talk in your reports about difficulty and the number of mined coins is always the number of coins seems to be always perfect 100% PPS. I would expect the number of mined coins to fluctuate and generally be more than 100% PPS as you can mine at GPUMAX (like JLP does).
Or do you mine at GPUMAX and you keep much more then 5%?

[Red Emerald]

I have a question: Where does the company mine (pool, solo)?
In the contract you say that we are shareholders and that the company mines the coins, pays for electricity and the rest is profit. From the profit you take 5% and the rest goes 50:50 as savings and dividends.
But in reality you talk in your reports about difficulty and the number of mined coins is always the number of coins seems to be always perfect 100% PPS. I would expect the number of mined coins to fluctuate and generally be more than 100% PPS as you can mine at GPUMAX (like JLP does).
Or do you mine at GPUMAX and you keep much more then 5%?

The farm has been operating at about 5 to 7G range for about 3 months. We have two main boards being replaced and almost always one or more rig down. Since I do not have time to devote to keeping it going as best as I should I pay out the 100% PPS anyway. And for the last month I have also been paying you about 250% what you should be getting due to my math mistakes. (I kept paying you guys my 60% share of the dividends)

Yeah that all comes out of my pocket. However we do mine at GPUmax and eclipse mining when we are operational.

I'm very open to paying out a percent of what we actually mine but dividends will free fall:)

So how long can you sustain paying out of your own pocket?

I don't complaining about being paid more than expected, but I would like to know how profitable the company actually is.  Reading this last post especially, it sounds like it is not profitable.  When do you expect to actually start making close to 100% PPS.

[The00Dustin]

<snip>Once I get some free time I will try fix that one rig or maybe even wind this down. All thoughts welcome.

Two negative thoughts:
1) Saying something like that could adversely affect share price
2) I could be wrong, but I think winding this down would pretty much guarantee losses for most investors.  This could be blamed in part on the 3 BTC floor that was imposed, but even without that, I don't think the operation has been running long enough to earn enough for any investor from prior to that floor to break even, and anyone who got in lower got in late enough that they still probably haven't broken even unless they sold for a gain.

And a positive one:
I suppose winding down would mean selling the equipment and distributing those earnings as well as saved funds, so maybe that wolud negate my concerns from (2) [and I suppose (1) would become irrelevant for anyone that could hold while waiting for that to finalize].

[xkrikl]

I have a question: Where does the company mine (pool, solo)?
In the contract you say that we are shareholders and that the company mines the coins, pays for electricity and the rest is profit. From the profit you take 5% and the rest goes 50:50 as savings and dividends.
But in reality you talk in your reports about difficulty and the number of mined coins is always the number of coins seems to be always perfect 100% PPS. I would expect the number of mined coins to fluctuate and generally be more than 100% PPS as you can mine at GPUMAX (like JLP does).
Or do you mine at GPUMAX and you keep much more then 5%?

The farm has been operating at about 5 to 7G range for about 3 months. We have two main boards being replaced and almost always one or more rig down. Since I do not have time to devote to keeping it going as best as I should I pay out the 100% PPS anyway. And for the last month I have also been paying you about 250% what you should be getting due to my math mistakes. (I kept paying you guys my 60% share of the dividends)

Yeah that all comes out of my pocket. However we do mine at GPUmax and eclipse mining when we are operational.

I'm very open to paying out a percent of what we actually mine but dividends will free fall:)

Here in the OP as well as at www.TyGrr.com you talk about 12GH/s ... so you might want to update those to avoid being misleading.
Is it possible to RMA the rigs? Or fix them for reasonable price?
It's nice of you that you are paying the dividends from your pocket ... but we would prefer if you could put it back into bussiness at 100% as that would be better.
I understand that for now it's better for you to invest your time to other bussiness you are running or starting ... but you could put down the possibilities we have and maybe even a motin to decide where we'll go. Thanks.

[stochastic]

Earnings will be  15.7BTC     

7.9BTC sent as dividend
7.9BTC saved.

BTC in the Bank before: 76.6
BTC in the Bank now:  84.5



Difficulty      1,733,208
Hash Rate is estimated to be   12GHash/S

48.8 coins mined.

Electric is estimated to be 1240 KWH at .1323$ KWH = $164


$164 / $5.00 = 32.8BTC

48.8 - 32.8 =  16BTC

16BTC x 95% = 15.2BTC


Namecoin bonus will be .5BTC

Is this money from actual bitcoins mined or is this coming out of your pocket like it did in the past?

[gewure]

yo

125 bitcoin in the bank already.. for now it hedges the worth of tygrr pretty good, but we could also talk about reinvesting it into something. e.g. a cainsmore1 board or shares of a other company, or invest it in the gama bitcoin fund..?!

[sadpandatech]

e.g. a cainsmore1 board

I can sell you 1 for 1,000 even and you will not have to wait until September+ to get it. ;p

[silverbox]

I don't think to many peeps are planning on buying any fpga boards till they hear butterfly labs asic announcement on the 15th..  

[sadpandatech]

I don't think to many peeps are planning on buying any fpga boards till they hear butterfly labs asic announcment on the 15th.. 

I think you are either going to be wrong or they are dreaming. ;p  or both...

[silverbox]

I don't think to many peeps are planning on buying any fpga boards till they hear butterfly labs asic announcement on the 15th.. 

I think you are either going to be wrong or they are dreaming. ;p  or both...

I know multiple peeps myself included who put all plans to buy more fpga on hold till the asic announcement.

[film2240]

I like the look of this setup.How do I buy a share for your company on these forums? How much does a share cost currently? Or is GLBSE the way to go?

[Matthew N. Wright]

You're only mining 6Gh/s but you're paying people out as if you were mining 12G/hs? What kind of suicidal business model is that?

[DeaDTerra]

Okay guys.. a 6990s just caught on fire... i wish i could say something like this does not happen once a week...
https://bitcointalk.org/index.php?topic=94089.0

I am really busy now and well it is just a pain in the ass to try to keep everything running. I'm on average getting around 6GHash/s yet paying out on 12GHash/s.

I am very interested in winding this down. I am open to all ideas on the best way to do this.

If we do not want to wind this down I will give up my 5% fee and just start paying out what we really mine.


My idea on how to do this...

Option 1, Pay out the BTC we have saved up as dividends. Sell the hardware and pass out the BTC as dividends.

Option 2, Send the hardware to someone else to manage for us.

Option 3, Sell off everything and buy FGPA or ASIC...

Option 4,

I think that it might be time to wind it down and take option number 1 as you don't seem to be that interested in running it anymore, you are busy have other stuff you need to do ect. So maybe it's just best for everyone to start winding it down?
If we don't want to wind it down then I would say buy ASICs is the next best option.
//DeaDTerra

[DeaDTerra]

The problem is that keeping all the rigs running is taking way more time than expected. Also RMA stuff in Thailand takes forever as they need to send it to Singapore.

This was an awesome hobby 8 months ago but now my work load is too high.

Other downsides are high electric in Thailand and the hot Thai summer.


Thanks.

Indeed, How much is the hardware currently worth (a estimate) just to see how big the final dividend would be.
//DeaDTerra

[Sukrim]

From the contract:

Company value
The initial valuation of the company will be valued at $15,000.


Closing of the company
Once all assets are sold off for cash and the final dividend has been paid out the company “TyGrr Tech” will no longer exist.

I haven't checked if you revalued it recently, otherwise your final dividend would be:

183.7 BTC (bank) + 1666.66 BTC (15k USD / 9) = ~1850.4 BTC

If you want to really sell and only pay out the real price you get from buyers, I'd recommend share holders to sell for the "90% of USD value" option asap.

[The00Dustin]

For now, I vote against option 2, however, I wish we could've liquidated before the exchange rate climbed back up.  How long will it take to sell the hardware, and will dividends cease in the meantime?  Would you be better off putting up a bid wall than paying out dividends and closing the stock wothless (or having someone with an old bid get screwed by the first person to see the dividends paid out and fill the soder)?  Is the buyback functionality being used on bonds an option to avoid that?

[stochastic]

Why not have a motion?

[exahash]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

[The00Dustin]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

Bond-B has been discontinued, Bond-P is not guaranteed and might crash if he did that, and more importantly, both are like .1BTC per share where the floor for Tech was 3BTC per share until the IPO sold out.  The people who bought the last of the IPO shares probably have more than 2.5BTC invested if you subtract dividends from the 3BTC price tag.

[exahash]

How about trading two bond-p or bond-b shares per tech share. Then you can easily do whatever you want with tech and the assets. I have just shy of 200 tech shares.

Bond-B has been discontinued, Bond-P is not guaranteed and might crash if he did that, and more importantly, both are like .1BTC per share where the floor for Tech was 3BTC per share until the IPO sold out.  The people who bought the last of the IPO shares probably have more than 2.5BTC invested if you subtract dividends from the 3BTC price tag.

I was on my phone and couldn't check the actual price of those shares (anyone else have issues with glbse on an iphone?), I just wanted to put another option out there in case I didn't make it to my office this afternoon.

My point was (still is) - I'd be willing to trade my tech shares for an equivalent value of bonds.

It sounds like this may not be the solution for everyone, but might help get Goat closer to where he wants to be without having to do a fire sale and/or come up with a ton of btc for a buyback.

[The00Dustin]

So...  Since you are liquidating, why don't you stop putting BTC in the bank and disburse what is there as a large dividend on the 14th (or sooner; the sooner the better as far as I'm concerned)?  The purpose of saving BTC is now moot, and it has been already 10 days since you announced liquidation with no one challenging it / complaining.

[cytokine]

Quick question for you Goat: since you're winding down your operations, how much do you think you'll be buying back each share for of TYGRR.TECH? Thanks!

[P4man]

Just saw this on IRC, I thought it might interest tygrr tech shareholders:

abracadabra: Chaang-Noi do you mine?
Chaang-Noi: no, sold everything off, gave the btc to pirate

[P4man]

So we know where the GPU's went.  I think your shareholders are more interested where all the  BTCs went that you saved "in the bank" and that you got for those cards.

[sadpandatech]

So we know where the GPU's went.  I think your shareholders are more interested where all the  BTCs went that you saved "in the bank" and that you got for those cards.

210 in the bank, 30ish this week so I will just pay out a large dividend of 240 BTC today.

I will need to send some funds to GLBSE so give me an hour or so.

Teek bought that big lot of cards so waiting for payment for that.

Once I get back to Thailand I will start listing the rigs on craigs list as high end gaming computers.

bolded the info you are requesting. this is from just a few posts up.

[P4man]

Two weeks seems like a long time to receive payment. And it wasnt me who claimed to have sold my mining equipment and gave the money to pirate, goat did. If that wasnt true, then I assume he was trolling?

Either way, if you get back your coins, so much the better, just reporting what I read. Make of it what you want.

[sadpandatech]

I had not realized how much time had gone by already.

Goat, do you know when Teek is going to pay you for the cards?

[md2k7]

How's your payment, has it come in yet?

[cytokine]

Hello here is an update on the GPUs.

In Thailand we have 3x 5850 2x 6770 and 2x 5770.

These cards are to be sold as part of gaming computers.

Being returned to us by Teek is and 5830, 5x 5850 and one 7970

What we have sold was 6x 5830's 8x 5850, 1x 5970,  2x 7970


So I need to send out dividends for the cards sold.

This brought us in $3110.

I will send this out tomorrow. Thanks.

Awesome, thanks Goat.

[OgNasty]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

[Monster Tent]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value 

[labestiol]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value  

Og has known as being a huge fan of mine, almost as much as scammer mathew and p4man. It is funny how he took two quotes that are almost a year apart.

But yes Monster Tent is right on. Now come on ASICs!  

You are amazingly good at evading questions by replying with ad hominem. Congrats ? 

[labestiol]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

[labestiol]

If you will read this thread you will find that this operation is closed and the hardware is being liquidated.

I know it might shock you but things have changed since a year ago :/

Thanks. That's a better answer that the one you gave OgNasty don't you think ?

[El Cabron]

If you will read this thread you will find that this operation is closed and the hardware is being liquidated.

I know it might shock you but things have changed since a year ago :/

Thanks. That's a better answer that the one you gave OgNasty don't you think ?

He has been active in this thread and knew it was being liquidated. So no. He comes in here every now and again like p4man and Matthew and tries to cause trouble.

[labestiol]

If you will read this thread you will find that this operation is closed and the hardware is being liquidated.

I know it might shock you but things have changed since a year ago :/

Thanks. That's a better answer that the one you gave OgNasty don't you think ?

He has been active in this thread and knew it was being liquidated. So no. He comes in here every now and again like p4man and Matthew and tries to cause trouble.

So what ?
Just reply like you did to me, be patient and calm. That'll make you look a lot more professional.
Just my 2 cents

[OgNasty]

If you will read this thread you will find that this operation is closed and the hardware is being liquidated.

I know it might shock you but things have changed since a year ago :/

You might want to update your OP.  I was looking into other mining operations and had a legitimate question.  I don't see anything about TyGrr Tech being a bond and it appears to be represented as a Bitcoin Mining Company in the OP.  Further reading showed that it did take over your mining bond, but I assumed it took it over to back it with real hashing power.  I also had no idea it was being liquidated.

[smoothie]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value 

That's a good point. Start a "mining company" which you sell shares and just adjust the amount you pay out based on difficulty change. Hope that the diff skyrockets and you pay less and less...LOL

Nice scam!

[Bitcoin Oz]

TyGrr will also be paying weekly dividend on the coins mined.

The only costs/fee that will be taken is a 5% fee on weekly profit to the CEO (Goat) for running the operation.

TyGrr Tech is currently mining!

I do not mine at all and I still have mining bonds on GLBSE.

Can you please explain the discrepancy between these two quotes?

You could literally have no mining gear and issue a fixed mh/s bond that pays only on difficulty. Essentially a loan that decreases as difficulty increases.

It would be like getting a loan on a used car tied to the depreciation of its value 

That's a good point. Start a "mining company" which you sell shares and just adjust the amount you pay out based on difficulty change. Hope that the diff skyrockets and you pay less and less...LOL

Nice scam!

Ive got no doubt there are people with mining bonds who have done that very thing. Maybe they even hired the mining gear to take pics just to make it look legit. When you think about it its a great way to take  a bitcoin loan 

[The00Dustin]

Dividend didn't show up by my definition of soon, but I was going to check again today and apparently TYGRR.TECH (and based on other posts, possibly TYGRR.*) has been delisted.  The asset is mentioned as delisted in my portfolio with a claim code.  I'm sure I'm not the only one interested in an update when you see what's going on (and then another one when you get it sorted).

[stochastic]

Dividend didn't show up by my definition of soon, but I was going to check again today and apparently TYGRR.TECH (and based on other posts, possibly TYGRR.*) has been delisted.  The asset is mentioned as delisted in my portfolio with a claim code.  I'm sure I'm not the only one interested in an update when you see what's going on (and then another one when you get it sorted).

No Idea. I can tell you one thing I did not do it.

I don't see on the TOS about de-listing assets. 

[The00Dustin]

We can no longer access any of the so called "black market" bonds including PPT.A
so now we can't even sell to the 0.32 wall....  it was 0.32 insured  - where is the insurance now?

Had a chat to Nefario - seems to be a sensible precaution for the time being.  If you needed to redeem the insurance option that should still be possible, but you would need to contact me directly.

Just as an update - I have done an insurance payment today for someone so the system still works.

To be clear, we can't list PPT assets anymore, they are still on our books, and in your accounts, but cannot be put on the market.

If we allowed this it would put us in compromised position.

It would appear you can still finish off the dividend payments, we just can't trade the asset in the meantime.

[The00Dustin]

I do not have your BTC addresses and even if I did there is not a good way to pay out at this time. We are looking into things.

From GLBSE today (yesterday it just listed a claim code):

Delisted

TYGRR.TECH has been delisted from GLBSE and is no longer trading.

Your balance of TYGRR.TECH at the time this asset was delisted was: 35

Your claim code for this account is: <REDACTED>

Q: Why has this asset been delisted?
This asset has been delisted at the request of the issuer
OR
The asset or the issuer has exposed GLBSE to unacceptable risks or liabilities, and as a result we cannot allow it to continue using GLBSE's services.

Q: Is the asset I hold dead or worthless?
The issuer of your asset has been given a list of codes, such as the claim code shown above. Each code tells the issuer how many of the asset belonged to that account. The asset is still alive, and the issuer still has an obligation to you, the asset holder, but the asset is no longer traded or listed on GLBSE anymore.

Q: What do I do now?
To redeem your asset, you must contact the issuer, and give them the claim code shown above(think of it as a MtGox code). They may also ask for other details from you such as a contact email and a bitcoin address to enable them to be able to contact you and make payments.

Your issuer is:Chaang-Noi and the contact address they have left is example@example.com , please contact them as they are now solely responsible for this asset.

But thats not fair to me and other asset holders! We agree,it's not fair to holders of this asset, to other issers, asset holders and GLBSE itself. Delisting is a last measure when trying to deal with problematic asset issuers who are actively trying to damage GLBSE. We have a responsibility to all asset issuers and asset holders on GLBSE, if any one person is doing something that puts everyone else at risk, including GLBSE operators then they have to leave. This is a market we all share, for it to work we must all play nice.

If you are serious about calling nefario a scammer, I hope you have submitted your evidence to Theymos.  Regardless, he is claiming you have everything you need for shareholders to get with you.  If you are correct about the claim codes being insecure somehow, then GLBSE/nefario would be liable for that once it was proven.  Until then, if you have a list as GLBSE claims, it's not really feasible for people to make them up.

I would think you would want people to go ahead and make their claims with you (via PM or otherwise) so you could distribute the liquidation income you didn't get to distribute on GLBSE.  You could then hold that information for when additional equipment is sold and make new payouts.