T

[R-]

Do you have a Facebook?

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[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
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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