[closed] Buy shares NOT

[dishwara]

Hi,

Please click the link below to continue.

http://bitcointalk.org/index.php?topic=5750.msg104953#msg104953

Thank you,
dishwara.

[1715425509]

1715425509

[witcoin]

Why not sell shares in the equipment then investors can have ongoing dividends ?

That seems like a better deal imo.

You could wait till the share market is released soon and do it that way . 

[dishwara]

Why not sell shares in the equipment then investors can have ongoing dividends ?

That seems like a better deal imo.

You could wait till the share market is released soon and do it that way . 

I don't understand what you saying.
I now don't have anything to share, expect words.
I asked loan to buy

I need 1000 USD to increase my mining capacity , so i need to buy 1-2 5970's & pc for it.
Instead of giving money , you can also buy & send the cards yourself, rest for system configuration.
4 pci EX slot mobo with dual or quad core INTEL, 3gb ram, 150-250gb HDD, 1000 + 1000, 2 X 1000 watts cooler master PSU.

[dishwara]

3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.

[Anonymous]

3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.

loaning some random guy on the internet 1000 dollars ? I dont see how that could go wrong at all!


Might want to get registered here and perform a few trades first so you can build some trust.
http://bitcoin-otc.com/viewratings.php


Here's a guide to setting it up.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

[dishwara]

3 days, no one replied.
seems telling truth make teller bad person, so everyone can avoid.

loaning some random guy on the internet 1000 dollars ? I dont see how that could go wrong at all!

Might want to get registered here and perform a few trades first so you can build some trust.
http://bitcoin-otc.com/viewratings.php

Here's a guide to setting it up.
http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

http://bitcoin-otc.com/viewratingdetail.php?nick=dishwara&sign=ANY&type=RECV
http://bitcoin-otc.com/viewgpg.php?nick=dishwara

[dishwara]

Some one please tell me what other proofs i need to add, so that i may get loan?

[deadlizard]

The way I would go about it would be to issue a number of bitcoin bonds, wait for the bitcoin stock exchange, or find interested parties locally.

Heck, try writing up a business plan and get a loan from a bank or venture capitalist

[Nefario]

Stock exhcange will be available for testing later today.

[Ian Maxwell]

dishwara: Can't you just max out a credit card or something?

I don't really know you, so there's a big risk here. That said, I'm interested in using this as a hedge, by offering a 300 BTC loan in exchange for the greater of 300 BTC or 400 USD in 4 months, based on the Mt Gox spot price on July 31. I don't have the BTC but do have enough Mt Gox dollars to buy them.

This isn't an offer yet, just a statement of interest. How does it sound?

[dishwara]

dishwara: Can't you just max out a credit card or something?

I don't really know you, so there's a big risk here. That said, I'm interested in using this as a hedge, by offering a 300 BTC loan in exchange for the greater of 300 BTC or 400 USD in 4 months, based on the Mt Gox spot price on July 31. I don't have the BTC but do have enough Mt Gox dollars to buy them.

This isn't an offer yet, just a statement of interest. How does it sound?

Thanks,
I don't have credit card, have visa debit card. I doubt my bank issue me credit card.
I contact my bank & reply you.

[The Script]

What someone suggested earlier sounded like a good idea.  That is, getting multiple people to invest in giving you the loan (shares).  I might be willing to put in as many as 100 BTC, but I doubt you're going to find someone willing to sponsor the entire 1000 BTC loan by themselves.

[dishwara]

Getting loan from many, shared loan is really good idea.
coz it gives loaner less fear that he is giving less coins & also those who have less coins can also help.
Normally a person asks loan to some one then he repays, then asks again & if can't repay, ask to another then another then after getting loan from many, if he can't repay runaway.
It seems my first loan itself from many.
That really worries/fears me.

Besides their are other problems.
Suppose The script, you said you can give 100 BTC & you want me to repay 120 BTC, another one ready to give 200 BTC, but wants me to repay 250 BTC.
another guy says he can give 300, but wants to me repay 320 with in a month, another says with 300 loan, i can repay him after 6 months, but repay 350 BTC. another says he loan 300, but wants to be re payed daily 10 coins & total repay is 325BTC.

It will like a mess. I am ready to get loan from multiple, shared loan, but don't want to end up running, besides my mind won't allow me to run away.

Also i am seeing another bottleneck now.
With 6870, i am getting ~3 coin daily with current difficulty. If i add 1 5970, i get 270+550=~ 830 Mhash/s , ~ 10 coin per day.
If i keep 5 for electricity & internet bill & repay daily 5 means then for a month 5*30=150 coins.
If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

Also i need now at least 1 5970 , 1 1000W cooler master PSU & 1 mobo with 4 pci ex port.
I can use the quad core intel cpu, ram, hdd,monitor,mouse, keyboard, even cabinet cooler master UPS 100.

The cost of 1 5970 is ~43000 INR in ebay
http://shop.ebay.in/?_from=R40&_trksid=m570&_nkw=5970&_sacat=See-All-Categories

Cost of 1000 W corsair PSU ~15000 INR & cooler master ~12000 INR
http://shop.ebay.in/i.html?_nkw=1000+corsair&_sacat=0&_sop=2&_odkw=1000+cooler+master&_osacat=0&_trksid=p3286.c0.m270.l1313
http://shop.ebay.in/i.html?_nkw=1000+cooler+master&_sacat=0&_sop=2&_odkw=1000+corsair&_osacat=0&_trksid=p3286.c0.m270.l1313

Motherboard cost is really confusing, except asus, coz asus don't support 2 cards correctly,
the cost at least ~15000 INR

Total= card+psu+mobo= 43000 + 12000+ 15000 = 65000 INR
65 000 Indian rupees = 1 471.275 U.S. dollars

Since i am getting bitcoin & now its going around 1.25+usd, i get good conversion.
I really don't know how to solve above things.
I have to mine, i have to earn, but have no money.

[Littleshop]

I suggest you start small.  Are you mining now?

Get a 58XX and just put the mining earnings back into more hardware.  It will start slow but then take off. 

[fornit]

if you really have to pay half the coins for electricity and internet, you are probably not in a viable location to do professional mining at all.
secondly, even if you are in a good location, to get profits equal to your initial investment within the first few month is very unlikely. so paying back all the investors very fast is out of the question.

if you intend to go ahead anyway, you should set the terms for the loans yourself. like for example you ask for ten loans 100btc each, payment 110btc after 6 months. or something like that.

[dishwara]

I am mining with 6870 & now getting ~3 daily.
I said 5 btc including electricity bill, internet & also my fuel(food).
Its not the loanee who set terms, its loaner who set terms.

[FooDSt4mP]

Getting loan from many, shared loan is really good idea.
coz it gives loaner less fear that he is giving less coins & also those who have less coins can also help.
Normally a person asks loan to some one then he repays, then asks again & if can't repay, ask to another then another then after getting loan from many, if he can't repay runaway.
It seems my first loan itself from many.
That really worries/fears me.

Besides their are other problems.
Suppose The script, you said you can give 100 BTC & you want me to repay 120 BTC, another one ready to give 200 BTC, but wants me to repay 250 BTC.
another guy says he can give 300, but wants to me repay 320 with in a month, another says with 300 loan, i can repay him after 6 months, but repay 350 BTC. another says he loan 300, but wants to be re payed daily 10 coins & total repay is 325BTC.

It will like a mess. I am ready to get loan from multiple, shared loan, but don't want to end up running, besides my mind won't allow me to run away.

Also i am seeing another bottleneck now.
With 6870, i am getting ~3 coin daily with current difficulty. If i add 1 5970, i get 270+550=~ 830 Mhash/s , ~ 10 coin per day.
If i keep 5 for electricity & internet bill & repay daily 5 means then for a month 5*30=150 coins.
If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

Also i need now at least 1 5970 , 1 1000W cooler master PSU & 1 mobo with 4 pci ex port.
I can use the quad core intel cpu, ram, hdd,monitor,mouse, keyboard, even cabinet cooler master UPS 100.

The cost of 1 5970 is ~43000 INR in ebay
http://shop.ebay.in/?_from=R40&_trksid=m570&_nkw=5970&_sacat=See-All-Categories

Cost of 1000 W corsair PSU ~15000 INR & cooler master ~12000 INR
http://shop.ebay.in/i.html?_nkw=1000+corsair&_sacat=0&_sop=2&_odkw=1000+cooler+master&_osacat=0&_trksid=p3286.c0.m270.l1313
http://shop.ebay.in/i.html?_nkw=1000+cooler+master&_sacat=0&_sop=2&_odkw=1000+corsair&_osacat=0&_trksid=p3286.c0.m270.l1313

Motherboard cost is really confusing, except asus, coz asus don't support 2 cards correctly,
the cost at least ~15000 INR

Total= card+psu+mobo= 43000 + 12000+ 15000 = 65000 INR
65 000 Indian rupees = 1 471.275 U.S. dollars

Since i am getting bitcoin & now its going around 1.25+usd, i get good conversion.
I really don't know how to solve above things.
I have to mine, i have to earn, but have no money.

You absolutely must factor difficulty growth into your model of you will be screwed.

[dishwara]

If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

You absolutely must factor difficulty growth into your model of you will be screwed.

[FooDSt4mP]

If i have to repay on average 1200 coins, after all loaners come to an agreement about how i repay, then it will take 8 months with current difficulty.
What will future difficulty do? I can't think.

You absolutely must factor difficulty growth into your model of you will be screwed.

Here's a clue: up.  Anyone who would loan you money without you at least making an educated guess is just asking to have their loan default.

[fabianhjr]

Here's a clue: up.  Anyone who would loan you money without you at least making an educated guess is just asking to have their loan default.

Wait a second, is there a default in here? I mean, would he ship it to he loaner?

[Anonymous]

People would probably need some sort of collateral such as ownership of the actual hardware.

[dishwara]

I put my shares "DISHWARA" @ glbse.com to raise fund to build mining rig for me & for those who can't afford 100's of dollars & their precious time to put on mining bitcoins.
If you don't have heavy graphics cards or don't have time to mine..don't worry. Just buy my shares, get coins as profit & sell coins when you see price is high & be relax.
No hassle of watching your mining rig 24/7, worrying about hardware failures, electricity bills, heat from mining rigs unless you live in less than 20C, a lot of noise from fans running......
In addition you don't have to give a damn about which pool to select (or to go solo) & which miner software to use & more over how to run miner with out getting failures.

My hardware will be 8 * 5870's + cpu.(It will be growing according to difficulty, so that the shares you get even though it is in bitcoin, the equivalent of it, the fiat currency you use in your daily life will only increase).

I give the bitcoins i mine as dividend for my Share Holders (here after called as SH).

SH gets 40% profit, i take 10% profit, while the remaining 50% profit stays IN for Paying electricity bills, future expansion, failure prevention, safety..........

To buy shares go to GLBSE.com
It uses bitcoin currency with out decimal point.
So, you need to add EIGHT 0's after your price.
1 bitcoin = 100000000
15bitcoin = 1500000000............

https://gitorious.org/black-market/pages/Windows
https://gitorious.org/black-market/pages/Tutorial

This 2 links will explain you how to setup client software & to buy, trade shares.

You can also contact me, if you need any help in setting up.


So far, i allocated 2 addresses from a separate bitcoin client, so that coins i mine with my own rig don't mix with SH's rigs coins.

http://blockexplorer.com/address/1QDFWU3vkfwTCTPzrqrgDpnLYEy8EtcmWH   it is for Safe, to keep 50% profit as backup, safe & to pay electricity bill.

With these API token urls you can know the current mining in JSON form.

http://deepbit.net/api/4dcea120816197603e000001_E9B99DE3AD
http://mining.bitcoin.cz/accounts/profile/json/6613-73bd1aad4351dc534a3c415d3eb63047
http://www.bitcoinpool.com/index.php?do=userprofile&id=arawhsid


Link for DISHWARA share price in bitcoin charts
http://charts.glbse.com/markets/DISHWARA.html

1st dividend on 30 may 2011
Total dividend given 14.32 bitcoins.
100% - given to share holders as dividends.
           (584 shares & each share got 0.02452054 bitcoins)
0% - for me
0% - To safe
1 BTC = 7-8 USD

2nd dividend on 13 june 2011
Total dividend given 24 bitcoins.
20% - 4.8 coins as profit for me.
80% - 19.2 coins to share holders as dividends, total shares are 726 & each share got 0.02644 bitcoins.
0%  - To safe, future expansion, electricity bills, internet charges.
1 BTC = ~20 USD

[BioMike]

I'm a bit worried about the long term investment:

1) What will you do when the next difficulty change comes (payout will be less, can you keep up?).
2) When hardware fails, do you have a backup strategy?
3) Over time you need to replace hardware to keep up with the speed, how are you going to fund that? Does that go from your own 50% of the bitcoins or the 50% bitcoins that go to the shareholders?

If you can't keep up with the generation, the shares will become worthless.

[dishwara]

I know i am taking risk.
I am human only, can't predict everything, still i see positive only.
If i can't keep up generation then i will buy the shares back, so that share holders don't go empty.

[BioMike]

Well, that's why it is an investment. There is always some sort of risk.
Having a well sorted out plan is something different. You can make some expectations based on current difficulty, do some research.

[Nefario]

This has been listed on the exchange, share ticker is DISHWARA, shares on sale.
See here for more detail http://dev.glbse.com/cgi-bin/list

[dishwara]

Two problems i see may happen.
1.Difficulty increase which decrease bitcoins.
2.Hardware failure.

Hardware failure may happen with in 1-4 months of purchasing any electronic device, if it doesn't happen on that time, it is very unlikely to happen, unless some wrong doing does.
First i run with out OC & i OC only with pakka monitoring.
So far with my HD6879 i OCed & able to mine at 295 Mhash/s with temp <74C with room temp up to 40C.
Hardware failure is unlikely & even if it fails, not all the cards going to burn at same time.
If other than graphic cards fails, it easily available in market & the next costliest thing after gpu is motherboard only.
So, Hardware failure won't be a problem & even happens can be rectified in few hours - few days (If gpu fails)

Difficulty
I am paying my share holders bitcoin only. No other currency.
As difficulty increases the amount of bitcoin mined will decrease.
Still, my share holders going to, i see only 2 options here for now, convert bitcoins to some other currency or buy things with bitcoin.
In both these options, share holder get benefit only.
Today 1 btc = ~3.3 usd & it came to this rate in just 4 months (120 days) from 1 btc= 0.7 usd.
Difficulty only rises, if more miners join network or bitcoin value increase, which will result in decrease in bitcoin.
If the bitcoin value increases it only benefit to my share holders & more miners will join only if bitcoin value increases.
So, even my share holders get less bitcoin due to difficulty , the value they get for their bitcoins will be more.
If i give 10 bitcoin now & decrease it to 7 bitcoin after a month, then at that time my share holders will be getting more money than now.
1 btc=3.3 usd, thats 33 usd for 10 bitcoins today, after one month, difficulty will rise only if the above conditions met & that means 1 btc  ~5 usd.
so after one month 7*5= 35 usd my share holders will get.
The odds of getting negative is low compared to positive things.

And as i said before, if I came to a situation that i can't give profit to my share holders then i will buy back the shares, so my share holders won't go empty hand, but profit only.

[BioMike]

That's already a bit better, still not sure though.

How many BTC will the rig collect on a daily basis with current difficulty?

I also want to suggest the following:
Instead of splitting the BTC in 50% and 50% how about the following:
15% of BTC for YOU! (call it your salary, if you want more buy some of your own stock)
25% of BTC for the share holders (I'd rather have a sound company with shares that have some solid basis + they get a bit more then you, because the took a risk by investing in your plans).
60% of BTC stays in the company (pay the electricity bills with it, safe some for depreciation of the hardware and to replace it and to grow the company)

Percentages can vary over time, could be voted over by the share holders.

As for the buying back, that will become more and more expensive for you (less stocks, price will go up, even more if investors know that you will buy back if things don't turn out). The contract linked to the stock is quite clear in this, when things don't turn up you have to sell all the hardware and give the money from that to the share holders (plus if you have the reserves from the 60% above this will give more confidence to the share holders).

[dishwara]

Hardware of miner.
My hardware will be branded & good quality only.
Graphics cards HD5870 or HD5970 which ever is cheaper & available.
Mother board with 4 pci ex slot, other than Asus mother board.
Processor is core 2 duo or quad core or equivalent & Intel only.
PSU will be cooler master 1000+ W depending on requirement & cost, may be 2*800 W...
Cabinet, i go for my own built as artfortz did, but some little changes to reduce temp & cost.
Will have 4-6 or more cooler master fans as they are cheap & easily available here even though they are noisy.
I also have big hi speed table fans, 400MM consumes around 45W/hour which i use to cool myself will also put in oscillation to cool computer, if computer gets hot. & computer will be running with open cabinet with protections, if needed. so that not even a single drop of water touches computer.
RAM, HDD, keyboard, mouse, monitor(LED- to reduce power consumption) all are same as others use.
I able to mine at least 22 hours daily, coz of power cuts in India. But power cuts decreasing.

Software of miner.
I already have windows 7 & xp license which i will use for miner rig.


EDITED.

[BioMike]

Hardware of miner.
My hardware will be branded & good quality only.
Graphics cards HD5870 or HD5970 which ever is cheaper & available.
Mother board with 4 pci ex slot, other than Asus mother board.
Processor is core 2 duo or quad core or equivalent & Intel only.
PSU will be cooler master 1000+ W depending on requirement & cost, may be 2*800 W...
Cabinet, i go for my own built as artfortz did, but some little changes to reduce temp & cost.
Will have 4-6 or more cooler master fans as they are cheap & easily available here even though they are noisy.
I also have big hi speed table fans, 400MM consumes around 45W/hour which i use to cool myself will also put in oscillation to cool computer, if computer gets hot. & computer will be running with open cabinet with protections, if needed. so that not even a single drop of water touches computer.
RAM, HDD, keyboard, mouse, monitor(LED- to reduce power consumption) all are same as others use.

Nice specs, but this still doesn't give me a number of how many BTC are expected per hour at current difficulty. As for "monitor/keyboard/mouse", is IMHO not really needed (you could access the system from your current workstation through a network cable), could safe some money on that. Why not a less powerful cpu in stead of more powerfull graphics cards? What OS is it going to run and do you need to buy licenses for that?

I able to mine at least 22 hours daily, coz of power cuts in India. But power cuts decreasing.

That is important info to know.

[dishwara]

At current difficulty, 4 5870's can able to give 1.5 Ghash/s , thats make ~95(+7hours, since 22/day) hours to find a block (50 coins),
so 50/95= 0.526 btc/hour.

I need Monitor to monitor the temp of graphics card & one monitor for one mother board. No compromise in that.
I don't know how to access system through network cable.

I am going for core 2 duo or core quad, coz of poclbm cpu usage.
I so far didn't mine with more than one gpu, so i take word from others.
the quad core cpu can able to balance the cpu usage by pocblm & also can able to control temp.
4 cores for 4 gpu's.

[travex]

Yo dishware, don't bother with building up the rig instead send me the fund since I can provide cheap hardware 5870 - 140$ or 5970 for - 350$ plus FREE electricity !

I'm on 4x 5970 now, if you are interested, Pm me

[dishwara]

Yo dishware, don't bother with building up the rig instead send me the fund since I can provide cheap hardware 5870 - 140$ or 5970 for - 350$ plus FREE electricity !

I'm on 4x 5970 now, if you are interested, Pm me

I am building rig, so i can mine. Since i am short of money, i released shares.
Every one is doubting about my credibility & i am trying to prove.
You asking to give the money i raise, so that you build & mine.
Don't you think its funny?

[BioMike]

Every one is doubting about my credibility & i am trying to prove.

I'm not doubting your credibility, just making sure that this is a sound investment (and not giving you money to work with and find out later that there were better things to invest in).

At current difficulty, 4 5870's can able to give 1.5 Ghash/s , thats make ~95(+7hours, since 22/day) hours to find a block (50 coins),
so 50/95= 0.526 btc/hour.

With the 15%, 25%, 60% mentioned earlier this would become:
15% -> 0.0789 btc/h   
25% -> 0.1315 btc/h -> 0.000065750 btc/h/share (would give about 0.01BTC/week/share)
60% -> 0.3156 btc/h

With the 50/50 option you mentioned:
50% -> 0.263 btc/h
50% -> 0.263 btc/h -> 0.000131500 btc/h/share (= 0.02BTC/week/share)

This is based on the 2000 shares you have issued.

[dishwara]

Thats really good sharing of profit & it can be voted & changed in future if needed.
The profit will be shared as
15% for me.
25% to share holders.
60% stays in company (pay the electricity bills with it, safe some for depreciation of the hardware and to replace it and to grow the company).

i am new to share things. ideas are welcome.
Please share ur ideas, so i be a good & better business model.

[kseistrup]

25% -> 0.1315 btc/h -> 0.000065750 btc/h/share (would give about 0.01BTC/week/share)

This means it'll take 100 weeks (~ 2 years) to pay back your investment, provided the IPO price was 1 BTC/share.  Is that correct?

Cheers,

[dishwara]

25% -> 0.1315 btc/h -> 0.000065750 btc/h/share (would give about 0.01BTC/week/share)

This means it'll take 100 weeks (~ 2 years) to pay back your investment, provided the IPO price was 1 BTC/share.  Is that correct?

Cheers,

For now, it is correct. Once i started mining & get profit, i put vote & according to results, % will change.
Just matter of time. Since i have to start first. Without even starting i can't think much.
I may be a slow learner, but not a cheater & everyone is keep on repeating one thing only that share holder will get less bitcoin.
They completely forgetting the fact that bitcoin is a currency & in 4 months it raised from 0.7 usd to 3.6 usd & it even did a wonder which went unnoticed,
that Kuwait Dinar (KWD) is the highest value known currency in the planet earth & already bitcoin crossed it temporarily & soon it cross permanently.
So, every bitcent, milli bitcent, micro bitcent, nano bitcents is valuable.
Also, the share holder will have a steady profit with gradual increase.

[kseistrup]

You're right in what you say.  I wasn't trying to put you in a bad light, only to understand the calculations.  On the contrary, I think your proposal makes sense.

Cheers,

[Nefario]

Just with regards profits to shares. He will be paying all profits to shares, and since he will have some shares himself, then he will receive some profits.

[BioMike]

25% -> 0.1315 btc/h -> 0.000065750 btc/h/share (would give about 0.01BTC/week/share)

This means it'll take 100 weeks (~ 2 years) to pay back your investment, provided the IPO price was 1 BTC/share.  Is that correct?

Cheers,

Not quite, only if the share looses 100% of value. The share will keep its value, or might increase or decrease depending on how Dishwara handles his company. Also note that this calculation is based on current difficulty and will drop is difficulty increases ($ price might stay more or less the same, if you do this for getting the BTC it will become less profitable).

Just with regards profits to shares. He will be paying all profits to shares, and since he will have some shares himself, then he will receive some profits.

Depends on how profits are defined. Like I said before I'd rather have a company who keeps some money in store as risk control and for expansion (although for that new shares could be issued) then have a company that goes "bankrupt" because a CPU died.

[kseistrup]

It's complicated…   

[BioMike]

It's complicated…   

Ok, I'll throw a bone (wanted to post this earlier, but thought it would be wise to buy some of these shares first, so I did ):

If you look percent-wise (percent payout against value of the share) the share is not so bad (1% in a week, that is more then what you get in savings accounts at conventional banks). But again, increasing difficulty requires you to compare the USD value of the bitcoins you used to buy the share to the USD value of the payout.

Now, lets hope dishwara gets his shares sold and his rig up and running before difficulty rises again.

[kseistrup]

Now, lets hope dishwara gets his shares sold and his rig up and running before difficulty rises again.

Yeah, wish him good luck!

Cheers,

[dishwara]

As for "monitor/keyboard/mouse", is IMHO not really needed (you could access the system from your current workstation through a network cable), could safe some money on that.

Can you please tell me how to access system through network cable?
Using team viewer...like that please tell.

I also need to know which  mother board has 4 pci ex & supports 4 gpu's or 8 gpu's (Linux) with out any problems. Also instead of pci ex 16 or 8, can i use 5870 or 5970 in pci x1 with extension cable & can mine without problems?
http://bitcointalk.org/index.php?topic=6128.0
Can i use both x1 & x16 cable in a mobo with 4 ex 8 or 16 slot & 1-2 ex 1 slot?
So that in a single mobo i can run even 6-8* 5870's.

[BioMike]

ssh / vnc / remote desktop... depending on the OS and what you want to achieve.

[dishwara]

55 shares sold so far, gives me 55 btc & i have 10 btc with me now & another 3 in 3-5 hours.

Since i changed my cabinet & PSU to new one, the old iball cabinet is with me now +
I have a 15" CRT monitor Samsung 55V & Samsung keyboard M2A, which is from my first pc i bought in march 2000 & Logitech mouse.

I also have a GIGAbyte 8I945GZME mobo, core 2 duo intel, 512 MB RAM from mobo, 160GB HDD, DVD drive.
These are my frnds parts which he gave for service & its still with me for the past 4 months (don't know when he will call).

So, actually now i have a complete pc & i also try to mine with my old 9400GT card & stopped coz, it won't give anything.

Now i just need one 5870 card & one 750 W PSU, to start mining.

These are i decide to buy, since they are the cheapest available to me.
1.MSI 1024MB GDDR5/ATI HD5870/Military Class/Extreme Design R5870 Lightning II Graphics Card
2.Cooler Master GX 750W

For that i need totally 500-550 USD , thats 180 btc.
Already have 55+13= 68, so 180-68 = 112.
If another 100-120 shares sold, i can start mining with in 3-4 days.
3-4 days for getting the card & psu from seller.

Just have to convert btc to LR & i saw 2 sites converting them in India to my bank.
Also, saw one guy post in forum, that he exchanges, searching his post.....

So, please some one buy shares at least 100-120 sold will make me to start mining & biz in less than a week.

[BioMike]

How much will that generate per hour? I guess less?

[dishwara]

I'm not doubting your credibility, just making sure that this is a sound investment (and not giving you money to work with and find out later that there were better things to invest in).

It's not to you, but to travex, below is his message.

Yo dishware, don't bother with building up the rig instead send me the fund since I can provide cheap hardware 5870 - 140$ or 5970 for - 350$ plus FREE electricity !
I'm on 4x 5970 now, if you are interested, Pm me

I am building rig, so i can mine. Since i am short of money, i released shares.
Every one is doubting about my credibility & i am trying to prove.
You asking to give the money i raise, so that you build & mine.
Don't you think its funny?

------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I can run a 5870 at least 350 Mhash/s. Thats with current difficulty takes, average 15 days, 13 hours, 50 minute= 15*24+14= 374 hours per block.
50/374= 0.133 btc per hour. For 24 hrs = 3.19 bitcoin

Its really making me sad that even though i have a old pc, & some bought my shares, i can't do mining , but only wait.
Getting a single 5870 & 750W PSU will help start mining & also help future upgrade & also share profits.
Next thing i buy is mother board. so can have more gpu cards.

[JJG]

...
I can run a 5870 at least 350 Mhash/s. Thats with current difficulty takes, average 15 days, 13 hours, 50 minute= 15*24+14= 374 hours per block.
50/374= 0.133 btc per hour. For 24 hrs = 3.19 bitcoin
...

Difficulty is expected to jump 36% in 4.8 days. If you were funded right now and placed your orders, by the time your hardware arrived your expected income would fall to 2.35 BTC / day. And that amount would only last for 10 days or so, at which point difficulty would rise again and your expected income would fall even more.

I'm not sure how you plan to ever pay all of this back with difficulty rising so fast.

[dishwara]

Difficulty only increase if more miners join, & bitcoin value increases.
If bitcoin value increases, even though the share holders get less coin, but their profit in terms of money they get in hand will be same or more only.
Please read above posts also.

[JJG]

Difficulty only increase if more miners join, & bitcoin value increases.
If bitcoin value increases, even though the share holders get less coin, but their profit in terms of money they get in hand will be same or more only.
Please read above posts also.

You are correct that difficulty only increases if more miners join. This is how the system works.

You are incorrect that difficulty increases will only happen if bitcoin value increases. This is wild speculation.

[Nefario]

Difficulty only increase if more miners join, & bitcoin value increases.
If bitcoin value increases, even though the share holders get less coin, but their profit in terms of money they get in hand will be same or more only.
Please read above posts also.

You are correct that difficulty only increases if more miners join. This is how the system works.

You are incorrect that difficulty increases will only happen if bitcoin value increases. This is wild speculation.

Wild speculation? This has been a recognised pattern on the bitcoin markets/difficulty level for some time, at least as long as I've been on this forum.

When price drops below a certain value (below cost) miners will stop mining, difficulty will fall.

When the price grows, profits rise, and more miners join driving up the difficulty. Difficulty is totally driven by price at this point.

[JJG]

Difficulty only increase if more miners join, & bitcoin value increases.
If bitcoin value increases, even though the share holders get less coin, but their profit in terms of money they get in hand will be same or more only.
Please read above posts also.

You are correct that difficulty only increases if more miners join. This is how the system works.

You are incorrect that difficulty increases will only happen if bitcoin value increases. This is wild speculation.

Wild speculation? This has been a recognised pattern on the bitcoin markets/difficulty level for some time, at least as long as I've been on this forum.

When price drops below a certain value (below cost) miners will stop mining, difficulty will fall.

When the price grows, profits rise, and more miners join driving up the difficulty. Difficulty is totally driven by price at this point.

Difficulty is determined by the number of miners in the system.

Exchange rate is determined by the number of people wanting to buy bitcoins vs. the number of people wanting to sell bitcoins.

There is some correlation, but they certainly don't drive each other.

The marginal cost of mining (profit - electricity) for those already invested is still huge, and has a long way to fall. Right now you can turn $1.00 of electricity into well over $10 of bitcoins. If difficulty truly was propping up exchange rates, this marginal ratio would have to fall a lot.

We still have plenty of room for difficulty to go up at the current exchange rate before miners start backing out.

[dishwara]

Difficulty only increase if more miners join, & bitcoin value increases.
If bitcoin value increases, even though the share holders get less coin, but their profit in terms of money they get in hand will be same or more only.
Please read above posts also.

You are correct that difficulty only increases if more miners join. This is how the system works.

You are incorrect that difficulty increases will only happen if bitcoin value increases. This is wild speculation.

Wild speculation? This has been a recognised pattern on the bitcoin markets/difficulty level for some time, at least as long as I've been on this forum.

When price drops below a certain value (below cost) miners will stop mining, difficulty will fall.

When the price grows, profits rise, and more miners join driving up the difficulty. Difficulty is totally driven by price at this point.

Difficulty is determined by the number of miners in the system.

Exchange rate is determined by the number of people wanting to buy bitcoins vs. the number of people wanting to sell bitcoins.

There is some correlation, but they certainly don't drive each other.

The marginal cost of mining (profit - electricity) for those already invested is still huge, and has a long way to fall. Right now you can turn $1.00 of electricity into well over $10 of bitcoins. If difficulty truly was propping up exchange rates, this marginal ratio would have to fall a lot.

We still have plenty of room for difficulty to go up at the current exchange rate before miners start backing out.

The system is designed in such a way that both more mining & more price will increase difficulty.
If more price don't increase difficulty, then the price will sky rocket making the value of bitcoin to increase in hurry.
More price means many wanted to mine which will increase difficulty.
More value makes more miners to mine which makes difficulty increase.

[JJG]

The system is designed in such a way that both more mining & more price will increase difficulty.
If more price don't increase difficulty, then the price will sky rocket making the value of bitcoin to increase in hurry.
More price means many wanted to mine which will increase difficulty.
More value makes more miners to mine which makes difficulty increase.

This is only true around an equilibrium point. At the moment, the marginal cost of mining (profits - electricity costs) is nowhere near 0. Difficulty must increase a lot before this happens, actually.

We already know that the difficulty is going to rise 36% in less than 5 days. We also know that bitcoin mining is spreading like wildfire on hardware forums, with people ordering all of the 5870s and 5970s they can find just for mining. As these people get their rigs delivered and operational, difficulty will most certainly increase.

If you truly, truly believe that rising difficulty is going to result in higher prices, why wouldn't you just buy BTC? Then when the exchange rate rises with difficulty, as you are sure it will, your BTC investment will rise just as much. And you never even had to buy any hardware.

If you find that hard to believe, then you either don't understand how difficulty works or you don't actually believe that the exchange rate is going to rise.

[dishwara]

Please, If you have no interest to buy my shares, then better stay away.
I can't keep on explaining same thing again & again to you.
I WANT TO MINE NOT TO TROLL.
From the reputation you got & from the number of posts & date you joined this forum, It's clear that you are here to just argue, nothing more.
Don't waste your time & my time.

Those believe in me will buy my shares.
If no one buy my shares then i take, no one believes me.
please don't troll.

[JJG]

Please, If you have no interest to buy my shares, then better stay away.
I can't keep on explaining same thing again & again to you.
I WANT TO MINE NOT TO TROLL.
From the reputation you got & from the number of posts & date you joined this forum, It's clear that you are here to just argue, nothing more.
Don't waste your time & my time.

Those believe in me will buy my shares.
If no one buy my shares then i take, no one believes me.
please don't troll.

I must apologize. My intention was not to troll, but rather to see your numbers for how you expected to pay your investors back.

Surely you must have some calculations or forecasts that show how you will make a profit in order to pay investors back? These questions are pertinent to anyone considering investing in such an operation. Sharing these forecasts in detail would go a long way to helping your credibility and gaining investors.

I'll bow out of this conversation now.

[dishwara]

Negative reputation can be given by anyone, but reply to post, so that i know who gave me reputation & why.

55 shares sold so far, if i sell 180+, i can start mining with minimum hardware.

[dishwara]

Sold coins & ordered one 5870 card, must reach with in 5-6 days.

[BioMike]

Sold coins & ordered one 5870 card, must reach with in 5-6 days.

Does this mean you got more shares sold?

[dishwara]

So far 56 sold & i bought 24 myself, so total 80 sold.
Price rise gave me a chance, but i used it poorly. after i sold for 3.84 LR, price went to 5.99 LR, my bad.
Some what managed & paid for card. before card reaches i have to make for PSU.
Have 8 in hand & waiting.

[cypherdoc]

wow, this is quite a thread.  just picked it up today.

Dishwara:

1. how old r u?
2. whats you're education?
3. how much more do u need for rig?

[dishwara]

32 years got Bachelor of Engineering in Electronics & communication engineering (India)
Owner of "A computers", computer service, sales & networking solutions, not software, but hardware.
I released 1000 shares with each share 1btc.
Actually asked loan of 1000 bitcoins to build mining rig with all the INR i get from it. No one can able to trust me, coz of huge money.
So, released shares.
An old system lying around & it needs now a card & psu to start mining.
Card 5870 paid, waiting for arrival. Have to make for PSU.
PSU is cooler master GX 750W.
Next thing i go for 4 * pci ex slot mobo or now due to  this guys post & confirmation thinking about also going for pci ex1.
http://bitcointalk.org/index.php?topic=6128.0

Then with the risers, i can go for up to 8 * 5870 in Linux.

So, after PSU, i go for mobo then another 5870, coz 750W can support 2 * 5870.
Going step by step according to the money i get, instead of starting bang.
But the difficulty make me worry.

How much i need?..
Suppose if i got 150 coins now then at current price, i can get 900 USD, thats ~39500 INR.
I can buy a mobo, PSU 750 & another 5870 card.
so, rig will have 2* 5870 with mobo to support another 2-6 cards & a PSU which supports both cards with out problem.
If i can't get 5870 then i have to go for cheapest & equivalent to 5870's.  6970 or 6870, depending on price.

My own rig is a HD 6870 mining at 300 Mhash/s in windows 7 32 bit with aero enabled with core 1038 & mem 360 with fan 100% & temp <75C

[cypherdoc]

what does everyone here think of the system he's trying to build in comparison to whats out there?

[cypherdoc]

looks like you made it Dishwara?

[speeder]

Why the GLBSE lists 2000, not 1000?

Also, how much you sold so far?

[Nefario]

Why the GLBSE lists 2000, not 1000?

Also, how much you sold so far?

He's only selling 1000.

[dishwara]

Damn,

I sold 118 coins at rate of 7 USD & now its 7.99 usd.
Whatever i transferred 820 USD from mtgox to my liberty account. But even after 4 hours, it is still not showing.

Waiting for money to reach LR then have to convert it to INR. If can able to convert today itself. i can start mining before Monday.

Seems, with the money i can buy another 5870 card, besides mother board & PSU.
Waiting for money to reach LR account.

[speeder]

How much shares sold so far?

And when the rigs arrive?

I bought some of the shares. I cannot wait to see the money rolling in

[dishwara]

678 left, 1000-678 = 322 sold.

My first card ordered on 9th may 2011, so far no arrived, it is coming from US. So, will take 10-15 days, i was told by seller.
In the mean time i got 820 which will be credited to my liberty account after GMT 0:00, told by Mtgox admins.
So, by tomorrow evening, i will get money.
Now i have another 120 coins due to some bought my shares which i have to convert to LR in few hours.

Between i saw a used 5870 card & since i didn't got money from Mtgox, i can't buy today, will buy tomorrow.
From Monday i will buy mother board & cooler master silent pro gold 1000W & things needed & i will start mining on 19th evening or night.
Its depends on arrival of cards. & used card is near me, so will reach before Tuesday.

Also, i want to have a vote from my share holders to buy new & used cards or only used cards.
If they vote for new cards, coz i can't trust on old card sellers & if something goes wrong that will create problems.
So, i will take the used cards i bought & replace it with new cards.
Soon, their will be a vote on glbse, after i know how to create vote.

[kgo]

I'm interested in investing, but not sure about GLBSE.  I just don't have enough info on GLBSE, and it seemed really hard to figure out with the five minutes I spent on the site.  Do profits pay out through GLBSE, or directly to me?

EDIT:  Disregard.  I invested anyway.  A measly 15 BTC, but I guess that's like half a 5870...

[dishwara]

Profit pay out through glbse. It will be in your balance & you withdraw when you want.
In website glbse.com you can't do much, just watch ticker.

Everything you do works on command mode.
Go to this page from main page by clicking windows users here https://gitorious.org/black-market/pages/Windows   ,download setup.zip.
Run setup.bat, which will install all the requirements to start.
Then download https://gitorious.org/black-market/black-market-client/archive-tarball/master   Its a tar.gz file can be opened with winrar.
Copy all the 4 .py(python files)   argspar.py, bmc.py, crypto.py, serial.py in to C:\Python27

Then just go to command prompt or run the prompt.bat in desktop.
It will take you to c:\python27
you need to run only one file bmc.py
Running it without any arguments will list all the arguments available with glbse.com

First you must register. Its same like registering with username & password with other sites, but with some different.
Instead of username it gives a random 64 character username, which you don't have to remember & can't.
It also ask you enter passphrase, which is like password, so enter strong one which u MUST remember, then it ask to enter it again.
Thats it, you got registered.

Actually your username stored in a file .blackmarket3.rsa  in the folder C:\Users\"Yourusername"
This .blackmarket3.rsa is the very important file, so take 1 or 2 back ups to a safe place.

bmc.py user   will show your username or userid with 64 characters.

Now to start buying shares & everything, you have to deposit bitcoins.
You have to use EIGHT 0's after number of coins, because glbse implemented with 64bit INTEGER only. No floating point. so no decimal point.
1 btc = 1 following EIGHT 0's, thats 1 btc = 100000000
10btc = 1000000000
32btc= 3200000000.
This is the way you have to mention the bitcoins all over glbse, buying,selling, withdrawing, depositing bitcoins.....

Now run bmc.py deposit , it will ask Enter passphrase & after you correctly entered, it will give you an address to send your bitcoins.
Go to your bitcoin client & send the number of bitcoins you want to deposit in your account.
Since you now using bitcoin client you can use decimal numbers also.

bmc.py balance to check bitcoins in ur account.
bmc.py folio to know how many shares you have in your account.

To buy 1 share, u need to know the asset name or asset -id or share name...
In my case, it is DISHWARA
To buy 1 share , bmc.py buy 1 DISHWARA 100000000
To buy 5 share, bmc.py buy 5 DISHWARA 100000000
Means you buying 1 or 5 shares of DISHWARA at the price of 1 bitcoin.

There are also various commands there to check out.
bmc.py withdraw to withdraw bitcoins from your account...

This is a rough guide & you can see it in https://gitorious.org/black-market/pages/Tutorial

I haven't started mining, waiting for cards to arrive. When i start mining, i will send profit as bitcoins to share holders.
Within this week, i will start mining.

[speeder]

Good... I cannot wait...

I took all the money I reserved to buy my own mining rig, into your business (plainly, because I could not find the parts here :/) So know that a bunch of shares are from me. (I am maybe the biggest shareholder... but I have no way to know, since there are no public display of shareholders...)

[dishwara]

Good... I cannot wait...

I took all the money I reserved to buy my own mining rig, into your business (plainly, because I could not find the parts here :/) So know that a bunch of shares are from me. (I am maybe the biggest shareholder... but I have no way to know, since there are no public display of shareholders...)

With bmc.py folio  you can see how much share you bought.

So far 1000- 553 = 447 sold.
Just now put around 250 coins in Mtgox to convert to LR.
& also ordered a 5870 used card, which will reach me on Monday.

If i can, i try to start on Monday itself, but it will be confusing.
Now i have only one cooler master GX 550W.

I have to give my pc & also share pc with 2 normal power supplies (250-300W), which i have for to run pc.
Then i have to give power from GX-550 W to both the cards only. That way i hope my 6870 & SH 5870 both can mine from monday.

[fabianhjr]

How can I buy the shares? I tried using the GLBSE client, however it wouldn't start. Can we arrange a deal directly?

[Nefario]

Profit pay out through glbse. It will be in your balance & you withdraw when you want.
In website glbse.com you can't do much, just watch ticker.


First you must register. Its same like registering with username & password with other sites, but with some different.
Instead of username it gives a random 64 character username, which you don't have to remember & can't.
It also ask you enter passphrase, which is like password, so enter strong one which u MUST remember, then it ask to enter it again.
Thats it, you got registered.

Actually your username stored in a file .blackmarket3.rsa  in the folder C:\Users\"Yourusername"
This .blackmarket3.rsa is the very important file, so take 1 or 2 back ups to a safe place.

Actually, our server does not have anyones password, we don't use passwords. You are asked for a password because .blackmarket3.rsa is encrypted with AES(256 I think), this file is actually your private key, which is needed to sign your orders, and therefor you must provide your password to decrypt it (on your computer, not our server).

Our server just has a copy of your public key, and we use this to verify any orders from you. You're user id is only needed if you are getting someone to transfer shares to you, so you don't need to remember it.

You user id is actually a sha256 hash of your public key.

Yes .blackmarket3.rsa is very important, lose this file and you lose everything in your account as that is the only method you can prove ownership.

fabianhjr, you do need to use glbse to buy shares, a much easier method of getting set up is here.

http://bitcointalk.org/index.php?topic=7912.msg117808

[dishwara]

Thanks Nefario. I thought about asking tutorial & you gave link.
Now many will able to use GLBSE easily.

[Nefario]

Thanks Nefario. I thought about asking tutorial & you gave link.
Now many will able to use GLBSE easily.

Actually the thanks goes to error for doing the work and writing up the tutorial.

[BioMike]

Bought another 100 shares. Dishwara, sell them (about $800 now, should cover your initial requirement by now) and get your rig up and running asap. Doing some mining now myself I experienced how profitable this is.

[dishwara]

Thanks, i am waiting for card to arrive. Since the card comes from US, it forces me to wait.
as said before bought an old card on local which will be in my hand on Monday. & will try to mine with PSU i have now.
Also I buy motherboard....on Monday & start mining on 19th.

Also, searching for cards with in India. If i get with in India, i get card in one day.

[BioMike]

What I meant to say, while waiting for stuff to come in, you can already start on the next upgrade to a more powerful system. Would be a waste if the market went down tomorrow, while you could get the $800 for it.

I guess the stuff that is currently shipping isn't the full rig that you had in mind initially.

[kgo]

What I meant to say, while waiting for stuff to come in, you can already start on the next upgrade to a more powerful system. Would be a waste if the market went down tomorrow, while you could get the $800 for it.

I guess the stuff that is currently shipping isn't the full rig that you had in mind initially.

Only got a measly 15 shares, but I agree with this.  Sure it's annoying when to sell and watch the price goes up, but given the lag time you seem to get on shipping, shore up the supply chain.  Order now so you have the parts in two weeks.

[dishwara]

Today found a guy to get new 5870 cards.
Now around 350 coins in mtgox for conversion. When it converts, i will buy around 6 or more 5870 cards.
Now, i got confusion about which mother board to go.

I need suggestions, i will go for core quad or lower INTEL processor.
Mother board must be able to run 8* 5870 cards.
With 1x to 16x riser cable, i can use any pci ex slot for 5870. I am right?
Even in a 16x pcie slot, i put a 1x to 16x riser & mine with out problems?

I need help from you guys to go for which mother board. There are lots of mother board.
Asus seems creating problem. Is it correct?
Then have to go for MSI or Gigabyte mother board.
I need model number, so i can check with local & buy.

[BioMike]

Today found a guy to get new 5870 cards.
Now around 350 coins in mtgox for conversion. When it converts, i will buy around 6 or more 5870 cards.
Now, i got confusion about which mother board to go.

I need suggestions, i will go for core quad or lower INTEL processor.
Mother board must be able to run 8* 5870 cards.
With 1x to 16x riser cable, i can use any pci ex slot for 5870. I am right?
Even in a 16x pcie slot, i put a 1x to 16x riser & mine with out problems?

I need help from you guys to go for which mother board. There are lots of mother board.
Asus seems creating problem. Is it correct?
Then have to go for MSI or Gigabyte mother board.
I need model number, so i can check with local & buy.

I would suggest to ask in the Mining forum, not here.

[dishwara]

Hi guys,

Everything going ups & downs. But still nothing gone beyond out of control.
The new card i ordered through ebay on 9 th may, paid using paisapay, which MUST have received by today or yesterday, didn't received.
Instead the idiotic seller called me yesterday by phone & said the card is not available with them, so they can't send it.
After scolding them, why you listed card which was not there, they said they repay me.
Since ebay always repays taking 7-15 days for repayment, i argued & she accepted to send me the money to my bank directly today(17th may).
After getting money, i have to search card again.

As said before, that i ordered a used card, i got that card yesterday. Its a sapphire 5870 1GB card. Installed in to the spare pc with some what managing by having 2*250 Watts power supply which lying around & started mining from yesterday night.
This card mines in slush pool.
I have for now created portable bitcoin client, so that i use different address & it doesn't mix with the coins in my wallet making confusion.
 
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC    -slush

http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D    
 
I alloted this 2 address to this 2 pools now. & mining in slush.

Today i will finalize mother board & cpu & i ordered today i will get in 2-3 days.

Also, don't know what the hell my government doing more power cuts for the past 3-4 days after election results & another party won election promising to reduce power cuts.
Ok power cut now, so i just finish it.

[BioMike]

Hi Dishwara,

Thank you for the update. Very unfortunate that you didn't get the card (please tell that you got the money back and that the seller didn't decide to keep it). Isn't it better to just buy the card in a store (aka pay the money and take the card with you), this is now maybe going to cost more money because you have to wait again (and difficulty will go up soon again).

Anyway, could you keep us updated with how much the current rig is generating? Daily or every 2 days... how much BTC you collected and how much this is per share. Also, keep the tech talk (all the contents of each rig, it doesn't say all that much to me) low.

Cheers,

BioMike

[dishwara]

yesterday night only i started mining with the one 5870 i got.
Its OC-ed & running at 420-424 Mhash/s in slush pool. Miner is phatk.

Seller phoned & emailed that she will send money today itself. If not i will tear them left & right. coz already they kept money for a week, & now i have to find cards.
Still a local guy said 2 cards available & yesterday i gave advance. he also local dealer in ok, my city TRICHY for cooler master products.
You can see his address "7th systemz "  in the link below.

http://www.coolermaster.in/where.php?country=India&state=Tamil+Nadu&sales_id=7
Since, the PSU, cards, mother boards i ask are high end, many don't sell it & many don't have any idea of bitcoin, they insist me to buy useless things. They have to get from their distributors in other city or state that delays, which is bad for us due to difficulty.
Today found another shop, going to ask him also cards & he said in phone its available & he can purchase, if i give advance. Their is very high chance that, i will get.





Time is GMT +5:30
 

[Sukrim]

Just as a short recommendation: There are pools with a lower fee than deepbit/slush... however payout variance might be a bit higher there, as they are smaller.

[speeder]

Keep the good work I cannot wait to see the dividends rolling in

And I know your pain, I am from Brazil, and I am not finding the parts either (the cheapest that I found, the guy wanted 2000 USD for a 5970 O.o How much that costs in the US?)

[dishwara]

I need my share holders to contact me through PM.
I don't know how to use glbse to contact my SH. Also, i need to get counsel from share holders who bought major shares of mine.
Please PM me with your number of shares.

Even though i own more than 51% shares, i don't want to go monopoly. Some times i need to discuss matters with major share holders.
currently i know only one person who has around 100 shares.
And the share holders name & no. of shares won't be revealed at any cost. It will be kept secret.

[dishwara]

Just as a short recommendation: There are pools with a lower fee than deepbit/slush... however payout variance might be a bit higher there, as they are smaller.

I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.

[Nefario]

For voting go here:

https://gitorious.org/black-market/pages/Tutorial

And scroll down to the voting section near the bottom.

These are yes or no votes, dishwara, write in a text document what you would like your shareholders to approve or reject, then follow the tutorial.

But it's also good for shareholders to PM him with suggestions. It's your money people.

[dishwara]

For voting go here:

https://gitorious.org/black-market/pages/Tutorial

And scroll down to the voting section near the bottom.

These are yes or no votes, dishwara, write in a text document what you would like your shareholders to approve or reject, then follow the tutorial.

But it's also good for shareholders to PM him with suggestions. It's your money people.

Thanks.

[Unthinkingbit]

I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.

Just another recommendation.

I suggest making all the coins on your own, forget the pools.  As a shareholder all I care about is maximum output.  I'm in it for the long haul and I don't care about short term variance.

Besides taking bitcoins, the pools also take your time.  I prefer that you spend all your business time on mining, not some of it on registering and changing pools.  My experience in business is that time is the most valuable thing you have, it should not be squandered.

[BioMike]

I agree with you & i won't stick to only one pool.
For starting i joined slush pool. may be each card will mine in different pool.
I will keep on changing pools according to the pools efficiency, RPC error, server down, hacking.......
May even go for PPS, if that gives more coins.
my only aim is to get maximum output with out compromising stability.

Just another recommendation.

I suggest making all the coins on your own, forget the pools.  As a shareholder all I care about is maximum output.  I'm in it for the long haul and I don't care about short term variance.

Besides taking bitcoins, the pools also take your time.  I prefer that you spend all your business time on mining, not some of it on registering and changing pools.  My experience in business is that time is the most valuable thing you have, it should not be squandered.

While I agree with you, please note that the rig is not so powerful yet. At current difficulty it would take 86 days (p=0.96) to generate a block. In that time the difficulty might go a lot higher then current difficulty. Causing the rig to never generate a block. As long as the rig isn't able to generate a block in 4 or 5 days, I think pooling might be the best option (as in payout vs. no payout).

[speeder]

Avoid Deepbit.

First: It is a security problem (if everyone mine in Deepbit it causes security issue in bitcoin as whole), and second, they charge a high fee... There are even free pools out there.

[dishwara]

If you read my just released thread, then many secrets & scolds will come out.
http://forum.bitcoin.org/index.php?topic=9090

[dishwara]

So far ~ 5 coins. Its due to heavy power cuts for the past 2 days.

I had totally 8 hours + 1 hour continuous power cut on 19th. on 18th it was 3 + 1+ 1/2 + 1/2 + 1 .. totally more than 6 hours on 18th & 3+1, 4 hours on 17th.
Today only 2 hours cut & then another for 5 minutes. Power cut is due to already power cut problem fueled by 13th state election result of Tamilnadu.
Since my SH rig is connected directly to power, it switches off, when power goes down.
I can't connect it to UPS, due to heavy power draw & already i have connected my 6870 to 800 VA ups which only able to run for 1-1.15 hours, which is connected to the house for my sick father to get at least some air while temp in my city is 40C & room temp is more than 40C, due to hardware running.

I got money from ebay seller yesterday & searching for sellers for cards, coz if i import, customs duty itself ~27% + shipping etc.
2 cards & 1 PSU confirmed so far & in transit. Also motherboard, cpu, ram, hdd.. also confirmed, & i buy tomorrow.
Until i get PSU & cards, its danger to connect mother board with the method i connected now & mining with 1 5870.

Yesterday i bought an AOC monitor which uses only 18 W power due to LED back light & also keyboard, mouse, surge protector & switch & connected to my old spare system.

Spare system is run by 2* ~250 PSU, one from iball & another from acer.
Here's screen shot.



After i fill the mobo with cards, i will go for custom cabinet. & until i get the certified PSU i ordered, i will not touch my mobo.
I am sure next week i will be running with 3 cards & if needed ,i also put my 6870 also in to SH rig, making it 4.

Also i can't able to convert btc i have, coz of very low price & some controlling network.

Hope will get good results for card in local itself.

[dishwara]

http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC

4.48 + 3.68 = 8.16 BTC

[kgo]

http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC

4.48 + 3.68 = 8.16 BTC

Excellent...

How many days have you been up?  Did you start on the 18th or earlier?  I know there have been some power outages, but I'm curious about an average btc per day under your current conditions.

[dishwara]

Running from 17th onwards & power outage is actually only 5-10 minutes for the past 2 days, which is unbelievable. But damn it, the moment i am typing power gone. Since it gone exactly at 12 pm, it will be 2 or 3 hour outage.

Due to slush pool server error yesterday, i switched to eligus which gave only 0.2 even after around 5 hours of mining. Will be careful here after.

http://eligius.st/~artefact2/us/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D.htm

http://eligius.st/~luke-jr/raw/us/balances.json?
1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D

Still running with only one card, will mine more when the cards & mobo ordered reaches.

Also, I already on 16th itself ordered riser cable from "Cablesaurus" & also waiting for it to reach. Today morning reached to Indian customs.

[Sukrim]

After 5 hours of mining, you reached ~0,65 BTC on Eligius - however due to the power outage you stopped mining and your shares got worth less and less (thus the spike declined) and a block was found just when they were worth ~0,27 BTC.

Since then you didn't seem to have mined with this payout adress again.

[dishwara]

After 5 hours of mining, you reached ~0,65 BTC on Eligius - however due to the power outage you stopped mining and your shares got worth less and less (thus the spike declined) and a block was found just when they were worth ~0,27 BTC.

Since then you didn't seem to have mined with this payout adress again.

Yes, i am not blaming. I said, i have to be careful. Its nothing to do with eligus. its luck that block has to be found.
The "careful" i mean is to give maximum profit to my SH's.
That means i have to select pool which must solve more blocks in less time.
Eligus is a new pool with less members & hash rate, thats why it takes ~10-12 hours to found a block in eligus.


Motherboard, PSU, cards......everything has reached my seller. But my bad, due to local just selected politician died today morning, as usual politics again started.
They forced to shut all the shops today, so have to get all tomorrow only.

I hope from tomorrow evening , rig will be mining at 1 Ghash/s.

[kgo]

You really should start a blog on Indian Politics.  I'd read it.

[dishwara]

got all parts & installed windows & tried with 3 cards.
2 are from asus & one from sapphire.
Don't know where is wrong. Need to have separate worker name for each card or due to no dummy plug, i can only run on 2 cards only.
so, just running it on 2 cards now. have to sleep, heat is killing.

[dishwara]

sorry guys, i didn't update anything for past 23 hours.

I think i passed the worst.
yesterday morning i was able to run 2 cards only due to reason i am not user, may be 3rd card didn't fit well in pc. so removed 3rd & mined with only 2 cards & went to sleep. After 20-30 minutes power cut(damn even in morning) & i didn't woke up. After 3 hours, my mom woke me & asked to start both my miner & new SH miner. i started with in a minute or so, system dead. Again restarting new pc only tripped mcb. so can't do anything & thought i lost some big things like mobo, processor.psu., cards...
& after taking time & time & time. i finally isolated it is psu.,, coz after removing every connection from mobo & starting psu causes fuse trigger.
Yesterday night after learning many things, started with old 2 * 250 Watts & new motherboard, ram, hdd....everything worked.
I only put once graphics card m have to test other 2 today & now its mining for past 30-40 minutes.

The problem seems, in India , we use normally 220 volts & up to 6A for power.
while the PSU i bought came with 12 V & 98A , seems it triggered the fuse..

2 way to know problem in PSU or not.
1st taking to shop.
2nd changing my house MCB of 25 A max(which i changed 5 months back from 6A) to 100+A & switch on psu.
3rd option to call electrician , which i already did *& ask him to put new separate line which can able to draw 10000A current at least.
He will come today & tell the cost...& if everything goes right, i can start mining.
Also the cables passed customs & if it reach in 2-3 days i can start mining with 3 cards & also order some new ones.

So, at now, again running with one new asus card & hope to run with 3 cards or more before this weekend.

[kgo]

After 20-30 minutes power cut(damn even in morning) & i didn't woke up. After 3 hours, my mom woke me & asked to start both my miner & new SH miner.

See if the bios or the OS has an option to boot up automatically after a power outage.  If you have that, I think you can also setup the miners to run as services, so they run immediately when you boot up.

[grue]

wow, what made you people think that setting up miners in a developing country with poor electricity grid is a good idea?.

[dishwara]

its not poor electricity grid. The power production wasn't increased with rising power demand due to asshole politicians.
After nuclear deal with US & other countries now more nuclear power generators are decided to built.
Again asshole idiotic useless politicians always do some thing to, stop developing of India. Communist seems 1st in this. They always stop it, but no one has the ability to use BRAIN to solve problem.

Thats why every one getting rich study at IIT's of India after study takes a plane & land to different country to lick developed asses as slaves.
India MUST ban to those who all studying in any govt funded institutions that a student after study must submit his/her passport to govt & until 4-5 years he/she must not leave India.
Govt should impose a law that every one studied from govt fund MUST work ONLY in GOVT related projects or jobs for 4-5 years & no private jobs.
This will make developing India in to developed India in less than 10 years.

[Nefario]

Its clear that the problem is government preventing people doing what they should not people leaving. People leave because its a shitty situation. If you ban them from leaving you turn them into slaves.

[dishwara]

you are right, But what if USE them, since most politicians from India comes with very lower education level, they don't have the intelligence to see bigger world. If you look at telecom dept. of India, Previous Minister Dhayanidi maran is an MBA & his brother Kalanidhi maran also an MBA running SUN tv, first Tamil satellite channel for the past 15 years. Dhayanidi maran made telecom dept to lower price & also he regulated many things then only 256kbps became minimum bandwidth using TRAI.
But due to political reasons he was removed from minister post & RAJA came, Raja from low caste & has no knowledge.
now Raja in 2G scam, besides what people of India lost are enormous.
By TRAI every ISP is controlled & strictly followed to guidelines, so the speed from 256kbps went up to 2mbps. But after raja, its just opposite.
He may have got bribe from ISP's...which still unclear but loss he made to Indian govt through just 2G scam alone put him in jail.
What ISP's doing after dhayanidi left, again sucking people.

For the past 8 -10 months, even though i have 2 mbps UNLIMITED connection after 15GB of data transfer, my speed reduced to 1mbps connection until next bill cycle.
I am sending my ISP complaint every week asking to show TRAI gave rights to reduce speed, which my ISP is not doing.
2 months before, my ISP sent his staffs to my home & one staff actually used vulgar words & try to hit me.
Now my ISP refuse to even give explanation for his staff behavior.
Also, my ISP now saying that whatever speed you have, you will be after certain bandwidth according to speed you get, you will be lowered to 256kbps flat bandwidth. This is the most ridiculous thing an ISP will do, just cutting throat of India's outside connection.
By new rule, i will get 2mbps & after 15GB transfer, my speed reduced to 256 kbps.
The price i am paying for this is 1200 INR + ~11 % tax. thats 27 USD for one month 2mbps Unlimited connection, which actually limits me after 15GB to 1mbps or 256kbps.

It's all due to one asshole minister trying to sell India, reason he has no educational background.

My ISP even banned some sites i visit without any govt order.
Soon going to file case against him for threatening, hitting.............just waiting for perfect moment & also letting him do mistakes, so i can use it against him.

Ok, good news, received cables from cablesaurs now, which i ordered on 16th with customs clearance.
That forces me to buy an 500+ Amp MCB , so i can test PSU & if it is okay with cables i can mine 3 cards today itself.

Power down now, will be back in 2 or 3 hours. & i will buy & make it everything ready before that, so i can run after power comes.

[Nefario]

It's not just one minister, the entire system is corrupt (I'm not just talking about India, it's everywhere, you should come to China), and it has nothing to do with education level. Plenty of very well educated people from good backgrounds are doing the same thing all over the world.

Trying to kill competition, raise prices, and protect "friendly" industries. Of course they all get a cut out of doing this.

This is why bitcoin was made, this is what Second Realm is about, a place without any of this political interventionalist rubbish. We can make and live by our own rules. We're at the forefront.

[dishwara]

I didn't posted/updated anything for the past 2-3 days. Sorry for that.
On 24th morning the new mining rig after running for 2-3 hours went dead.
After taking some time, i confirmed myself that only PSU is gone & all others are good.
Went to shop for replacement of Cooler Master Silent Pro Gold 1200W, which my shop ordered & it took 5 days to reach, they got confused that PSU was dead.
As all other shop owners, they don't even have clue why PSU is even used.
I told i am going to mine bitcoin, which they can't even spell, so i said them that i am doing graphics programming...
These idiots, keep on scolding me for not using UPS, uninterpretable power supply. They not even took word from me that UPS is to protect data & hard disk & its not needed to protect PSU.
After some fight, they said they will call cooler master & ask them. & I searched AMD site & found that corsair AX 1200 W supports up to 4 5870's.
After seeing this is, yesterday night i ordered corsair PSU by giving advance.
Today, got call from Cooler master & they said it never happened, but still they don't want to loose me.
Said they will send a replacement today itself,(even before receiving the faulty one) & i pointed out corsair supporting 4 cards & they accepted cooler master 1200W must support 4 cards & they contact AMD & correct it in AMD's certified PSU's.
Also they requested me to cancel corsair(actually corsair is 17500 Rs, while cooler master is 15000 Rs , around 2500 Rs that 50 USD more for corsair) & i may get PSU on tomorrow & if not then on Monday. So, definitely will start mining with more than one cards from Monday.

So, far  7.51+3.73= 11.24 coins mined.

[speeder]

After all the rigs are working, DO buy some decent UPS (it might be absurdly expensive though...) so you can mine even when the government shuts power off.

Do you have water there at least? (where I live sometimes water supply fails too, so some days I go without either power AND water, and sometimes no landline phone too).

[Nefario]

If you dont go for a ups, at least get a good .... extension, plug to prevent power spikes from killing your machines. Shouldn't be expensive.

[kgo]

After all the rigs are working, DO buy some decent UPS (it might be absurdly expensive though...) so you can mine even when the government shuts power off.

Or at least hook up an alternator to a bicycle... ;-)

[dishwara]

After all the rigs are working, DO buy some decent UPS (it might be absurdly expensive though...) so you can mine even when the government shuts power off.

Do you have water there at least? (where I live sometimes water supply fails too, so some days I go without either power AND water, and sometimes no landline phone too).

Besides electricity everything is available. electricity is also due to bad politics & delay in signing N-deal.
Nuke deal already signed & all ready construction of power plant is going on http://en.wikipedia.org/wiki/Koodankulam_Nuclear_Power_Plant
Actually it must have started producing power now, but got delayed. The wiki says June 2011, If the newly elected state govt pressures then it can happen at least in july or august. Then i won't have any power outage.

Actually used spike board to connect to power, due to less cord length, but why it went death , so far no idea.
Still ordered & its in shipping http://www.belkin.com/in/IWCatProductPage.process?Product_Id=509983
But now saw ,this http://www.belkin.com/in/IWCatProductPage.process?Product_Id=481734
they giving damage cover up to 1,00000 Rs, thats 2000+ USD.
going to buy one, so computer is safe, if not they pay for computer.

[dishwara]

After all the rigs are working, DO buy some decent UPS (it might be absurdly expensive though...) so you can mine even when the government shuts power off.

Or at least hook up an alternator to a bicycle... ;-)

My idea or dream is to go for 15-20KVA solar power generator. So i don't have to pay electricity & dont have to worry power outage.
All are hanging , due to problem in land sale.

[tomcollins]

After all the rigs are working, DO buy some decent UPS (it might be absurdly expensive though...) so you can mine even when the government shuts power off.

Or at least hook up an alternator to a bicycle... ;-)

My idea or dream is to go for 15-20KVA solar power generator. So i don't have to pay electricity & dont have to worry power outage.
All are hanging , due to problem in land sale.

Just need to find a solar power generator you don't have to pay for if you don't want to pay for electricity.

[BioMike]

Dishwara, how about an update on how things are going? How much have you generated by now? Any more power outages?

[dishwara]

I didn't mine for yesterday. Called electrician to completely check all the lines & grounds. Today he is coming & installing new ground.
Got replaced PSU now from cooler master. All ready asked cooler master which surge/spike protector to use, coz i had no idea, then i came to know that stabilizer can be used & asked them. They said Microtek & Luminous seems good.
In market stabilizers for air conditioner, tv.. are available, I am & cooler master also not sure, whether they can able to protect computer parts. So, i have to search for microtek or luminous today.
Also, after electrician finishes, i go & buy slotted L angles.

http://www.lkgoodwin.com/more_info/slotted_angle/slotted_angle.shtml
http://2.imimg.com/data2/XB/TT/MY-423155/9-250x250.jpg
http://www.pandexbusinesssystems.com/gifs/slide1.jpg
http://images01.olx.in/ui/5/32/34/1270624904_86332834_3-Adequate-steel-slotted-angle-racks-slotted-angle-structure-Delhi-India-Delhi-1270624904.jpg

Its available locally. Just have to go & buy.
With this i can easily make adjustments & rearrange to make a cabinet for rig.
Once the size & everything finalized, i can go for rack method or aluminium frame, depends on weight, cost & ease of handling.
Racks i can bolt myself, but aluminium frame, i need men to fit & also once fit can't change, cost is also high, cant drill holes myself for cards...
Today itself i will make rack & check it out.
Also, i am in tight situation economically. I already have 780 LRUSD which i have to convert to INR & the guy i regularly converts says i have to wait until 1st, coz his limit or quote for may was end. so from 27th i am waiting.
Also, i sold another 140 coins for 9.3 in bitcoinmarket.com. the buyer bought on 29th & so far not paid & also not replying.
Already contacted dustin dollar & asked his help to solve.

I am trying as much i can, but it is still delaying which i can't even able understand.
Why it is delaying, why i can't able to mine, i really don't understand.

Once, i setup up rack & start mining, i must buy cards for remaining money. I am sure i can buy another 4 cards, totaling 7 cards.
still, delay in starting i don't understand.

http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC
http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D
10.59+3.73=14.32 coins.

I am really sorry for not starting mining in full & delaying.

[Nefario]

Dividend payment is now functional, you can now use it to pay dividends to your shareholders.

bmc.py pay ASSET AMOUNT

Asset for you should be DISHWARA, and the amount is the total amount, it will be taken from your account split across all shares (that you don't own) and paid to the shareholders.

Any problems just pm me.

Nefario.

[dishwara]

C:\Python27>bmc.py pay DISHWARA 1432000000
Enter passphrase:
{u'amount': 1432000000, u'assets_paid': 584, u'payment_per_share': 2452054}

Since "pay" is available, thats to pay profit/dividend to share holders, i paid now 14.32000000 bitcoins to my share holders.
584 share holders & each share will get 0.02452054 bitcoins.

please multiply it with the number of shares you bought & check you received the profit correctly.

Today went out & bought slotted angles, will fit & from tomorrow, i pray to god to, start mining with 3 cards at least.

[speeder]

When I get home I say if it worked or not

[Nefario]

When I get home I say if it worked or not

bmc.py bitcoin-history
should show something with the work "dividend" in it.

[BioMike]

Yay dividends! Got it and used it to buy a few more shares.

[speeder]

Dishwara you still have some shares on sale, what you will do with the influx of money?

[kgo]

Did you take your cut of the profit and electricity expenses?  I want to make sure you're not selling yourself short.

[dishwara]

Only one thing running on my mind, increase as much hash i can.
If my shares sell further, then i will buy another mobo+cpu+.....+ another 8 cards.
Even now waiting for the 146 coins i have from share holders to go for 10 USD, which i sold already for 9.3 & since buyer didn't pay, i got it returned.
One thing i have to buy now in addition, stabilizer.
Here they say V-Guard stabilizer for total home can be used, but seems costlier than the one used for air condition.
http://www.vguard.in/stabilisers.htm#AC
http://www.vguard.in/stabilisers.htm#mainline

While ac stabilizer is just 1600 INR (36 USD), but Main line stabilizer is 10950 INR (245 USD), both are 5 KVA only.
Whatever i have to buy a stabilizer, coz i don't want to risk PSU again.
I have another bottle neck. so far many said windows supports only 4 gpu & linux 8.
With latest catalyst release i hope it changed. If not i have to switch to Linux coin.

Today also electrician didn't came. He has to come. My dad is a dialysis patient, so whatever i do or dont i have to pay around 1400 USD every 3 months.
So far 9 installments paid. For to pay 9th one i sold some jewels which gave extra money, with that extra money i bought air conditioner through EMI.
I cant use money from share holders to buy ac. but i can use profit to pay electricity bill.
To give proper connection, electrician must come & he is delaying.
When he comes, i completely check ground & also will have stabilizer.

With slotted angle, i made a cabinet & running again one card. coz after electrician solves ground problem, i can run fully,
Tomorrow that work will be done & also will buy stabilizer.

[dishwara]

Did you take your cut of the profit and electricity expenses?  I want to make sure you're not selling yourself short.

The dividend i gave is very small amount, so it wont affect my electricity bill.
besides i already paid last month & here electricity bill comes every 2 months. so it wont be a problem.
Since it is 1st time & also i am not mining fully, i gave everything.
Once 3 cards started mining & cards increasing, then share holders get 40% profit, i get 10 % & 50 % stays for safety & future & i also take coins form their to pay for electricity,
Besides, since all the parts i buy is of high quality , i see less downtime or hardware failure, then i will take the coins form 50% safe & use it to buy additional system , cards....

[dishwara]

ok, some how found a good surge protector. Belkin Gold Series 8 Socket Surge Protector-F9G826vzb3M.
I hope it will protect PSU, thus rig will stay protected.
yesterday as said with slotted angles, created a frame/cabinet as prototype.

Now has 2 cards, instead of one.

[dishwara]

for the past 3-4 hours running with 3 cards with total 1.3 Ghash/s

[speeder]

Sweet!

If whatever pool you are using have nice graphs, post link to them here

[demonofelru]

Just bought a share might buy more later, I like how you continually update us Dishwara thanks.  BTW in your sig you have the ticker wrong you say it's "DISHWRA" when it's "DISHWARA"

[lemonginger]

possible to buy stock without Windows PC?

[kseistrup]

possible to buy stock without Windows PC?

I bought from GLBSE while on Linux…

Cheers,

[lemonginger]

oh n/m. i see now, just a python program. too late for me, need to go to bed

[Nefario]

We're working on a web client so you wont have to install anything, it's due to be available by June 6th.

Nefario.

[dishwara]

Just bought a share might buy more later, I like how you continually update us Dishwara thanks.  BTW in your sig you have the ticker wrong you say it's "DISHWRA" when it's "DISHWARA"

Thanks, Now i understand why everything was slow.

Again i am facing some bottle necks.
One i have already in mind, that windows supports only 4 GPU. Thats why using latest catalyst drivers. If windows don't support more than 4 & if not 8 GPU, then have to try Linuxcoin. Linux & programming will take some time for me to understand which will make 2-3 days rig not mining.
But i will try to keep it very less. Already going through linux.

2nd bottle neck, i faced yesterday which is unexpected.
Mother board is MSI Big Bang Marshal with 8 pcie slot.
I thought connecting card with 16x extender in pcie_1 & using 1x-16x extender connect other 7 cards.
But it seems not all pcie slot works with 1x-16x extender. It seems works in alternative slot.
Pcie_1, pcie_3, pcie_5, pcie_7 with 16x extender cable &
pcie_2, pcie_4, pcie_6, pcie_8 with 1x-16x extender cable.

I bought 21 1x-16x extender cable & 2 16x extender cable from Cablesaurus.
Now i connected 1st card with 16x, 2nd with 1x-16x & tried 3rd with 1x-16x & failed.
Only 1st & 2nd card detected.
Tried with spare 16x cable & 3rd card detected.

Anyone came across this problem?
Also, now again going to order 6 nos. of 16x extender cable from Cablesaurus.

I hope to run 16 cards with total mining capacity 6.4 Ghash/s soon. Trying all humanly possible things i can do.

[dishwara]

Some one please buy 4-5 shares or send 5 bitcoins to my address in signature.
short of 4.6 coins to pay for cables. All the coins was converted & in liberty reserve around 2000+ USD.
cablesaurus takes bitcoin or paypal, while i don't have paypal.

EDIT:

Some what managed & paid to cablesaurus.

[speeder]

Ask in the mining forum about the cable issues (or the whole problem).




Also, when I get home (that will take 12 hours) I may buy more shares if noone do it first.

[dishwara]

Sweet!
If whatever pool you are using have nice graphs, post link to them here

Using deepbit & slush mostly, so no graph to display.
Eligius has very less no of blocks per day.

I mostly set 3 coins as threshold & using only these 2 address for any pools. So here after you will see daily increment in coins, as so far ran with only one card.
http://blockexplorer.com/address/1FmWyZ81Y1BjecSbxJ8CWNf36rPNhJEW6D
http://blockexplorer.com/address/1JdwFdWf7LDEKcUg93L2qKXpgEkoVqeKHC

Soon, will be able to run at full capacity, ordered another 2 cards.

[dishwara]

I don't know whether it is safe to give or not, so if its not safe, please tell, i remove it.

With these API token urls you can know the current mining in at least text form.

http://deepbit.net/api/4dcea120816197603e000001_E9B99DE3AD
http://mining.bitcoin.cz/accounts/profile/json/6613-73bd1aad4351dc534a3c415d3eb63047
http://www.bitcoinpool.com/index.php?do=userprofile&id=arawhsid

[DrKenobi]

I'm now a shareholder and will be looking forward to follow this thread and our company's activites

[dishwara]

I'm now a shareholder and will be looking forward to follow this thread and our company's activites

Welcome aboard.

[dishwara]

Until i complete 1st rig to successfully mine, i can't go for 2nd rig.
If you thought share profit is also like price of bitcoins, which increases some 10000 times in weeks, its not.
I am doing as much as i can with calculated risk not to spoil anything.
So, it will be some what slower & also whatever i do, the increase in difficulty will definitely reduce the profit in terms of bitcoins.
But in terms of fiat currency, the profit you get will only increase & won't decrease.

If you are in rush & want to make quick money as bitcoin rate increases many times, i can't help you.
Instead of buying shares, you better sell your coins & make quick money.

I can only give slow, but steady profit in terms of bitcoins. But in terms of fiat currency, you calculate yourself.
Once, i get cables i ordered, i will be able to mine with 8 cards.
Also, before that i have to get new electric line, since so far i used domestic line, electrician told, the watt consume meter won't withstand load of more than 4000W.
I hope, with 1st rig in full mining capacity , the meter will start wobbling, so i have to go for industrial or commercial electric supply.
For that, i have to deposit & get a new line & here everything is slow & corrupted will take time or need high bribe.
I cant go for high bribe with my SH money, so have to wait, but will do as much as i can.
Don't worry about power tariff, i already told 6 INR per kilowatt hour, ie, i get ~7 kilowatt hour per USD.
This is commercial tariff only & it is the maximum price. So, if i go Industrial, i will actually get less bill.


Instead of others, they just start anything & go sky high in less time, i always face problems from starting itself & always will move forward by solving problems. So, i won't fall that easily as i don't go sky high & also i can't go below earth.
It is my both curse & gift.

[dishwara]

Rig with 3 cards mining.

[toast]

About to invest some BTC. Hope I didn't miss the wave...

[dishwara]

7.57 bitcoins in bitcoin client.

[BioMike]

Dishwara, thank you for the updates!

[agaguk]

So I bought one share, what can I expect now?

[rb2k]

Bought a share too, not much but I like the concept!

p.s. it would be cool if you had a twitter account or blog for updates

[dishwara]

So I bought one share, what can I expect now?

1 share is 1btc.
The profit you may get is 0.20btc or less for every month.
Buying one share is useless, unless you bought it to sell after all my shares sold out.
Out of 2000 shares, i issued 1000 shares & remaining shares is 283, thats 717 shares sold so far.
So, after all my shares sold, you can take profit or sell shares for higher price.

[demonofelru]

Is the 3 card rig mining continually now? 

[agaguk]

So I bought one share, what can I expect now?

1 share is 1btc.
The profit you may get is 0.20btc or less for every month.
Buying one share is useless, unless you bought it to sell after all my shares sold out.
Out of 2000 shares, i issued 1000 shares & remaining shares is 283, thats 717 shares sold so far.
So, after all my shares sold, you can take profit or sell shares for higher price.

Oh, well, I wasn't planning on using that BTC for a while, so I guess, if it's just gonna sit there, it might as well sit there making a bit of profit!

[rb2k]

Isn't the concept kind of strange in that regard?
1 share is 1 btc, so the price of a share went from 5 dollars to 18 dollars. So the price of the share doesn't fluctuate with the value of the company or the demand for the share but with the price of bitcoins. So in theory people should only buy shares whenever the bitcoin exchange rate is 'low'?

[dishwara]

Is the 3 card rig mining continually now?  

yes, you can see it here, http://mining.bitcoin.cz/accounts/profile/json/6613-73bd1aad4351dc534a3c415d3eb63047

10.7 coins in client.

[dishwara]

Isn't the concept kind of strange in that regard?
1 share is 1 btc, so the price of a share went from 5 dollars to 18 dollars. So the price of the share doesn't fluctuate with the value of the company or the demand for the share but with the price of bitcoins. So in theory people should only buy shares whenever the bitcoin exchange rate is 'low'?

If you buy bitcoins when price is low, then it will profit you.
But not when you buy shares. coz whenever you buy a share, the price is 1btc only.
but if u don't have bitcoin to buy a share, then you need to buy bitcoins when bitcoins price is low.
Most of my share holders have their own miner & already have bitcoins.
They are buying my shares to help me rise & also they get profit.

[toast]

Quick question: I tried depositing yesterday, and every since then if I run 'bmc.py folio', it displays: "<my id>== ", with just a blank space after the ==. When should my deposit show up?

[kgo]

Quick question: I tried depositing yesterday, and every since then if I run 'bmc.py folio', it displays: "<my id>== ", with just a blank space after the ==. When should my deposit show up?

Toast, you deposited to glbse, or you actually bought shares?

if bmc.py balance shows money, you haven't bought yet.

[dishwara]

@toast have you registered first?
After registration, use "bmc.py user" to show your user id & write it down somewhere & also backup the file  ".blackmarket3.rsa" , it comes with a DOT before characters to some safe location. This file has your user id & also ur passphrase(password) in encrypted form.
Loosing this file makes you loose everything you bought in glbse.com
Its similar to wallet.dat in bitcoin client.
Only after registration you can buy shares.
But, if you got the error only after registering then contact "doctor.nefario@gmail.com" with your USER ID from bmc with your problem.

Also deposit takes time to show up as it waits for at least 6 confirmations of block chain.

[speeder]

Dishwara how much you are expecting as BTC monthly per share right now?

[dishwara]

by running 3 cards, i can able to mine 3 coins per day. So if 8 cards mine then 8 coins per day.
Adding another rig, but difficulty will increase before that, will give another 8 cards mining
I can add another rig from the share selling itself & not needed extra share release or extra money, all due to price increase.
so totally 16 coins per day & 480coins monthly.
If we take 450 monthly, then 50% safe is 225 btc, my profit 10 % is 45 coins & share holders get 180 coins.
180/1000 shares = 0.18 bitcoins per share per month.

[dishwara]

Also i can increase share holder profit, if i decrease safe.
Even though i have 51% shares, i think share holders have to decide how much i keep in safe.
Coz with current price increase , i just need 6000 USD to have a complete rig with 8* 5870 cards.
Thats 200 btc at 30 USD per btc.

So, with the safe 50% , it seems i can add a rig of 8 * 5870 cards & increase hash rate, every month.
So, for theory, after 5 months, i may have 5 or 6 rigs with each rig 8* 5870 cards(if 5870 available) & each card will be mining 430+ Mhash/s. thats a rig gives 3.2 Ghahs/s

[kgo]

So, with the safe 50% , it seems i can add a rig of 8 * 5870 cards & increase hash rate, every month.
So, for theory, after 5 months, i may have 5 or 6 rigs with each rig 8* 5870 cards(if 5870 available) & each card will be mining 430+ Mhash/s. thats a rig gives 3.2 Ghahs/s

Sounds like a plan.  I'd like to do this and keep up with difficulty, instead of taking the quick payment.  Better long term investment.

[torbank]

180/1000 shares = 0.18 bitcoins per share per month.

Hi dishwara,

GLBSE shows 2000 shares have been issued, so does that make it ~0.09?

[Nefario]

180/1000 shares = 0.18 bitcoins per share per month.

Hi dishwara,

GLBSE shows 2000 shares have been issued, so does that make it ~0.09?

Not exactly, although 2000 shares have been issued, any share that is in the issuers account will not get any dividend, so the total number of shares receiving a payment is smaller.

Nefario.

[dishwara]

14.506 btc in client.

[dishwara]

sorry share holders for being very slow.

Indian damn fucking idiotic assholes playing with graphics cards.
They have 5870 cards, but to sell at high price creating fake demand & saying no stock, not available etc.
Some what able to ordered 2 5870 cards from MSI & expecting it to reach tomorrow & also yesterday morning sent email to ALL the sales managers in every state in India(literally) to break the demand & now got some calls.
So far no one assured me cards, but said they will update me soon with availability.
They not even understanding the truth that every month i will buy a MSI marshal & 8 , 5870 cards.

Anyway, i hope to run at lest with in this week with 8 cards.
Waiting for cables from Cablesaurus to reach me.
Once cables reach i can run 8 cards & start copying it to create other rigs.

Yesterday night got 3 hour power outage , EB said its due to transformer blown out.
Can't able to believe transformer blown out & to solve they need EXACTLY 3 hours from night 9 to 12, taking many peoples sleep.

so far, 14.5 coins in client.

[dishwara]

Share Holders, i need your help.

I tired as much as i can, even went for like street fight to get 5870 cards.
Only 2 cards i able to get from MSI after a much fight & all others said no stock , no stock....

Only option is to buy 6970 cards. It is available in plenty(for now).
The price seems only 20 USD more than 5870 cards.
22000+ INR(including 4 % tax) = ~500 USD, one 6970 card here from Sapphire, MSI...

I think its better to move to 6970 instead of waiting endlessly for 5870 cards.
I need your opinion (Share Holders).
Coz, next to 5870 which has 1600, 6970 has 1536 cores & it is the fastest GPU available currently.
http://en.wikipedia.org/wiki/Comparison_of_AMD_graphics_processing_units#Northern_Islands_.28HD_6xxx.29_series

What's your opinion/option/advice guys?



EDIT: 17.50 BTC in client.

[speeder]

The 6970 are 50 Mhash slower usually. (source: https://en.bitcoin.it/wiki/Mining_hardware_comparison  )

But I do not think there are much choice, the 5870 is not manufactured anymore, although you can keep searching (they are good...) 6970s are good as replacers.


A nice thing to do would be build the machine with 6970s but keep researching 5870, and then spread them over the rigs (ie: if you have 3 rigs, and find 6 5870, then install 2 in each machine, and fill the remaing slots with 6970...)

[dishwara]

nice idea.

Any other replies from others?

[Nefario]

nice idea.

Any other replies from others?

Since the web client is working, along with voting, you could create a motion, to ask your shareholders if they want you to keep looking or go for different cards.

Nefario.

[demonofelru]

nice idea.

Any other replies from others?

You might want to look into 6950's also they are cheaper and some can still have their shaders unlocked to make them as fast as 6970.

[wahbasah]

nice idea.

Any other replies from others?

You might want to look into 6950's also they are cheaper and some can still have their shaders unlocked to make them as fast as 6970.

+1

[speeder]

nice idea.

Any other replies from others?

Since the web client is working, along with voting, you could create a motion, to ask your shareholders if they want you to keep looking or go for different cards.

Nefario.

Where is the web client?

[BitterTea]

nice idea.

Any other replies from others?

Since the web client is working, along with voting, you could create a motion, to ask your shareholders if they want you to keep looking or go for different cards.

Nefario.

Where is the web client?

http://dev.glbse.com:4567/client/index.html

[speeder]

nice idea.

Any other replies from others?

Since the web client is working, along with voting, you could create a motion, to ask your shareholders if they want you to keep looking or go for different cards.

Nefario.

Where is the web client?

http://dev.glbse.com:4567/client/index.html

And how I find my own private key?

[Nefario]

nice idea.

Any other replies from others?

Since the web client is working, along with voting, you could create a motion, to ask your shareholders if they want you to keep looking or go for different cards.

Nefario.

Where is the web client?

http://dev.glbse.com:4567/client/index.html

And how I find my own private key?

Depends on your system. On linux its in your homedir as .blackmarket3.rsa, on Windows it should be in AppData with the same filename.
See here for more info.


http://forum.bitcoin.org/index.php?topic=13055.0

[dishwara]

Nefario.

I installed windows 7 , 64 bit yesterday & from that i am working.
I able to login using  prompt.bat to my account & saw folio...
But now i tried for decrypt to log on to web client & i got error

openssl rsa -in .blackmarket3.rsa -out .blackmarket3-non-AES.rsa -passin pass:mypass, i changed my pass with my password.

Error is 

C:\Users\dishwara>openssl
'openssl' is not recognized as an internal or external command,
operable program or batch file.

[Nefario]

Nefario.

I installed windows 7 , 64 bit yesterday & from that i am working.
I able to login using  prompt.bat to my account & saw folio...
But now i tried for decrypt to log on to web client & i got error

openssl rsa -in .blackmarket3.rsa -out .blackmarket3-non-AES.rsa -passin pass:mypass, i changed my pass with my password.

Error is 

C:\Users\dishwara>openssl
'openssl' is not recognized as an internal or external command,
operable program or batch file.

You might need to add openssl to your path.

http://www.devside.net/guides/windows/openssl

Go down to Add OpenSSL to the PATH, and use this (of course using the location of your openssl instllation instead.)

[dishwara]

nice idea.

Any other replies from others?

You might want to look into 6950's also they are cheaper and some can still have their shaders unlocked to make them as fast as 6970.

6950 is cheaper , but has only 1408 cores, 200 less than 5870.
I think 6950 will perform worst comparing to 5870 & 6970

[rb2k]

nice idea.

Any other replies from others?

You might want to look into 6950's also they are cheaper and some can still have their shaders unlocked to make them as fast as 6970.

6950 is cheaper , but has only 1408 cores, 200 less than 5870.
I think 6950 will perform worst comparing to 5870 & 6970

Even with the possibility of unlocking additional shaders? (http://downloads.guru3d.com/Radeon-HD-6950-to-HD-6970-Flashing-Tools-download-2658.html)

[dishwara]

Why should i unlock shaders & take unnecessary risk?
Already OC-ing to max.
Unlocking will add further weakness.

Also, now it seems money won't be problem to buy hardware with increase of price rise.

[Grant]

I'm interested in this stock.

Where do i find your previous financial reports ? (balance sheets, income statements, cash-flow statements) ?

What average dividend do you pay a month ?

Apologies if i ask weird questions, i'm used to very simple exchanges such as this one: www.slcapex.com

Thanks in advance.

[Nefario]

I'm interested in this stock.

Where do i find your previous financial reports ? (balance sheets, income statements, cash-flow statements) ?

What average dividend do you pay a month ?

Apologies if i ask weird questions, i'm used to very simple exchanges such as this one: www.slcapex.com

Thanks in advance.

So far there has been 1 dividend payment. The information you're looking for is mostly spread out though this thread, look back for it.

[dishwara]

slcapex. Yes SL exchange. I used it to buy EARN shares in SL.

So far, no balance sheets, no income statements, no cash-flow statements.

Share released only on May 10th & before that i was just a miner with single 6870 card.
After some of my shares sold, i converted the bitcoins to LRUSD then to INR & bought hardware & mining.
So far i gave only one time profit, which u can read in this thread.

Average for now is, 0.15 BTC per share per month.
Soon, it may increase.

[demonofelru]

Why should i unlock shaders & take unnecessary risk?
Already OC-ing to max.
Unlocking will add further weakness.

Also, now it seems money won't be problem to buy hardware with increase of price rise.

It's up to you but I'm pretty sure it doesn't add much risk at least not much more then oberclocking AFAIK 6950's are just binned 6970's that are determined the VRAM isn't up to snuff but since you should downclock the VRAM to about 400ish anyway you don't have to worry about that.  My 6950 with shaders unlocked is overclocked to 1ghz core I think I have 400 MHz VRAM and is stable as a rock.  They have dual bioses also so flashing isn't really a risk if there is a problem just reflash stock.

[dishwara]

Vote/Motion created. Id  is 11. Please vote. will expire on 12 Jun 2011

[obekt]

This bmc client is very very hard to use.
What I still do not understand is how to see what is the price of a share ?

[dishwara]

price of share is 1 btc.
I too don't know many of its features.
Please try web client. Its really fantastic.
But u need to decrypt ur .blackmarket.rsa file, which will give u headache.
http://forum.bitcoin.org/index.php?topic=13055.0
The above link will help you.
Easy way to decrpyt is copying .blackmarket.rsa to C:\OpenSSL-Win32\bin & running openssl.exe
enter this to decrypt ur file & open the decrypt file with notepad.
 rsa -in .blackmarket3.rsa -out .blackmarket3-non-AES.rsa -passin pass:YOUR PASS PHRASE

In web client, click Asset & enter asset name as DISHWARA & get details.
You will see everything.
Now share rate is 0.99000000 BTC as some sold ~50 shares.

[obekt]

price of share is 1 btc.
I too don't know many of its features.
Please try web client. Its really fantastic.
But u need to decrypt ur .blackmarket.rsa file, which will give u headache.
http://forum.bitcoin.org/index.php?topic=13055.0
The above link will help you.
Easy way to decrpyt is copying .blackmarket.rsa to C:\OpenSSL-Win32\bin & running openssl.exe
enter this to decrypt ur file & open the decrypt file with notepad.
 rsa -in .blackmarket3.rsa -out .blackmarket3-non-AES.rsa -passin pass:YOUR PASS PHRASE

In web client, click Asset & enter asset name as DISHWARA & get details.
You will see everything.
Now share rate is 0.99000000 BTC as some sold ~50 shares.

Thanks ! I am now inside the web client. It took me less than a minute with your help. I will get a share

[obekt]

What does this means :
Max Bid   1.0000000 BTC
Min Ask   2.1000000 BTC
I have a bid for 1 BTC / share
someone should sell it to me (accept the bid ?)
And if so - what is min ask about ?

Sorry for asking beginners questions.

[dishwara]

I too don't understand these things.

In dos mode, we give buy & it buys without question.
Now it says max, min....
http://forum.bitcoin.org/index.php?topic=13055.msg186695#msg186695

[obekt]

Actually I've bought one from the console.
And it's pending on the screenshot you've posted on the other topic.

[dishwara]

the pending wont be yours, coz some one also claimed it in some posts before. better contact glbse.
I resell/resold again. so here after you can buy if u want.

23.5 bitcoin in bitcoin client.

At last ordered 2 5870 card, hope at least it will arrive next week.
Also, will order tomorrow 5 6970 cards.

Now got a huge doubt, will Cooler Master Silent Pro Gold 1200W support 4 nos. of 6970 cards?
What is the maximum power consumption of 6970 card?
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison this link says 220 Watts.
I searched in AMD but can't able to find.
I am going to order R6970 Lighting from MSI.
http://www.msi.com/product/vga/R6970-Lightning.html

If any one have any clue about PSU, please answer.

[speeder]

DISHWARA put for sale again the outstanding shares (if you did not already)

[dishwara]

sale is put, anyone can buy now.

[demonofelru]

the pending wont be yours, coz some one also claimed it in some posts before. better contact glbse.
I resell/resold again. so here after you can buy if u want.

23.5 bitcoin in bitcoin client.

At last ordered 2 5870 card, hope at least it will arrive next week.
Also, will order tomorrow 5 6970 cards.

Now got a huge doubt, will Cooler Master Silent Pro Gold 1200W support 4 nos. of 6970 cards?
What is the maximum power consumption of 6970 card?
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison this link says 220 Watts.
I searched in AMD but can't able to find.
I am going to order R6970 Lighting from MSI.
http://www.msi.com/product/vga/R6970-Lightning.html

If any one have any clue about PSU, please answer.

With furmark it can be a bit higher like 280 watts or so but if you downclock the ram it will help a lot it shouldn't take much more then 200 watts I'm guessing.  At first glance you should be fine depending on your other components.  It also depends how many amps are on the 12 volt rails.  IIRC the high end coolermaster PSUs are rated conservatively.  Coolermaster put sustained wattage in a lot of their high end PSU's instead of max wattage.  My coolermaster real power pro 1000w for example is 1000w sustained but can max out at around 1200 if needed.

[kgo]

You might want to buy a kill-a-watt.  They're only 20 dollars.  They'll give you exact measurements of power consumption.

[demonofelru]

You might want to buy a kill-a-watt.  They're only 20 dollars.  They'll give you exact measurements of power consumption.

If you do get the kill-a-watt don't forget to keep the PSU efficiency in mind if at 80% efficiency if the kill-a-wat says 1000w being used the PSU is using 800w 200w of it are lost to heat.  I'm pretty sure this is the case at least.

[dishwara]

You might want to buy a kill-a-watt.  They're only 20 dollars.  They'll give you exact measurements of power consumption.

I want to know the power requirements BEFORE i spend my share holders money on a product.

@demonofelru
You are right, a 1200W can give around 1300-1400W. They under rate mostly, to give enough room for some extra watts.

I also sent email to cooler master about this & also pointed out that in AMD certified PSU page, it is mentioned to support only 2 nos of 6970.
http://support.amd.com/us/certified/power-supplies/Pages/details.aspx?item=506
hope they reply soon.

[dishwara]

is it the end?
mtgox doing nothing & btc falling down like dominoes.
domino effect ?
& THE END ?

[speeder]

is it the end?
mtgox doing nothing & btc falling down like dominoes.
domino effect ?
& THE END ?

No... do not be dramatic

This is normal, do not panic.

Later BTC will rise again.

[DrKenobi]

is it the end?
mtgox doing nothing & btc falling down like dominoes.
domino effect ?
& THE END ?

Even if the value of one BTC would drop heavily, say to just 1$, it wouldn't be a problem. Many miners would stop mining, esp. those in countries with higher electricity costs (so you being in India is a big advantage for us!). That would heavily decrease the difficulty, so you'd mine many more coins a day.$

This is a self-regulating system. On average, the product of $/BTC and BTC generated each day by you will remain constant.

So stay calm and keep mining

[obekt]

is it the end?
mtgox doing nothing & btc falling down like dominoes.
domino effect ?
& THE END ?

I hope you have paid the hardware with the money already raised from selling shares.
Then the price BTC/USD does not matters anymore if it is enough to pay your electricity bills.
Investments were in BTC so profits will be in BTC.

[dishwara]

With the money converted from coins so far i am able to build a complete pc with 8 cards.
Building second system is problem now, due to going less.
coz, i can buy cards , but mother board, cpu everything is expensive.
Whatever mining is going on non stop.
I have my mother board with 1 pcie 16x & 2 pcie 1x slot. so just buy 1200 PSU & run the cards.
So, 11 cards will be mining.

All this will happen once i get price confirm for 6970, waiting for MSI to reply.
Hope they reply tomorrow.

26.63 coins in bitcoin client.

[wachtwoord]

How does the dividend payout work since I don't understand.

There are 2000 shares outstanding of which:

1000 are offered via the IPO
726 are sold 274 are remaining on offer (probably different  at the time of payout)

So my questions are:

1) Are the remaining 1000 owned by the company or by DISHWARA?
    a) If they are owned by the company then why not just create 1000 shares and put these all up for offer?
    b) If dishwara ownes these himself then we are valuing his contribution @ 1000BTC ($15k). If this is true why is he getting a salary also?

2) Dividend was ~.024BTC per share and the total amount was ~14BTC. How can that be with 2000 shares? This would look more along the lines of 50-60 shares

3) How many shares does dishwara own himself?

[Ben Walsh (beamer)]

To be frank, we, as shareholders, should already know the answer to whether the hardware has already been paid for in USDs through the sale of BTCs.

A "Finance Sheet" as produced and maintained by the CEO of UBX ...

https://spreadsheets1.google.com/spreadsheet/ccc?authkey=CI7mlYUF&hl=en&key=tzRaH8DOs49Pbvg3h2NMXNw&hl=en&authkey=CI7mlYUF#gid=0

... for DISHWARA would certainly improve the likelihood of further investment from me and, I suspect, others too.
Ideally, I would also like to see dates added for each entry too - something I have requested as a shareholder in UBX too.

The CM400 asset "owner" maintains an excellent equivalent here ...

https://spreadsheets2.google.com/spreadsheet/ccc?authkey=CN3s45YH&key=tPbfdCrHmt_YDG3wo1c_92A&authkey=CN3s45YH#gid=0

... though, at this stage, the expected return on an investment of 0.01 BTC, means I have only acquired a token number of those, more as an encouragement to create similar assets in the future and test Nefario's GLBSE system further.

[speeder]

I loved the spreadsheet idea

[dishwara]

2000 shares total & 1000 shares issued through IPO.
The remaining 1000 shares i have not issued, is not only issued, but it also its not included in profit sharing.
Actually i asked 1000 bitcoins loan first, but instead i issued shares, so that easy for any one to buy with less money(bitcoins)

The 1000 shares i have gives me CONTROL & also i own 40+ shares , which i got by buying 1 , 2 at a time. Its not transferred, its not bought from the bitcoins i received from the SH.
I have my own mining rig with a 6870 card & i am buying my shares by using the bitcoins i mine.

Since the 1000 share i hold didn't put any bitcoins, its not eligible to receive any coins or profit.
In future, i may add 1000 bitcoins & increase the mining power by buying hardware & make the 1000 shares also eligible to receive profit.
Until, i do so, its for CONTROL only.

So, only out of total 2000, the issued 1000 only has any value now.
In the issued 1000, so far ~720 shares sold.
Since, i don't take anything for buying, running, maintaining, answering.....i take 10% as profit, while SH gets 40% profit.

The financial sheet maintaining is tough in my case, as i convert the BTC to USD then USD to INR.
In the way of converting i also mixed my own bitcoins & converted, this reduces the conversion time & also charges.
Also, i am not converting at stable price. Each time i converted the price difference is HUGE & also that makes maintaining a problem to me.

Besides these, i am giving profit in BTC only, so i thought my SH don't worry about conversions.
So far all my SH didn't ask me, coz they have confident in me.
Since, you are new to bitcoins, you are asking questions & i understand.
Before buying any shares, you have to know about the company.

I can't answer in USD or INR, coz the shares in bitcoin & i give profit in bitcoin only.

b) If dishwara ownes these himself then we are valuing his contribution @ 1000BTC ($15k). If this is true why is he getting a salary also?

Besides, its mentioned as 1 BTC = 15 USD , by wachtwoord.
When i released shares, 1 BTC = 0.7 USD.
If we calculate at that price then for 1000 BTC = 700 USD.
With 700 USD, i can buy at most 2 nos. of 5870 cards & stare at it, won't be mining with 3 nos. of 5870 cards with a complete pc which can able to mine with 8 cards.

Soon, after complete my first rig, i give details, i can able to give.

[dishwara]

Until i able to run my 1st rig with 8 cards, i stopped selling my shares.
Once i complete the rig & give profit & also able to maintain spread sheet with all the details, it will be good, if don't sell shares & cheat new SH.

Selling shares of DISHWARA is stopped temporarily for now.

[rb2k]

do you have any "fixed" scheme for when you give out dividends? (e.g. "once a month", "when I reached x BTC", ...)

[wachtwoord]

Thanks for the explanation. The way you explain it the 10% salary is fine for now, but might has to be re-evaluated in the future based on growth otherwise it could rise to an unreasonable amount


I do have have 1 question remaining however:

Say, after all the 1000 shares are sold, the stockprice goes up to, let's say, 5BTC. Then you decide you want to buy from the 1000 reserved stocks. Are you then allowed to buy from these at the price of 1 BTC?

Basically I am asking if you have 1000 options at your stock @ 1BTC which never expire. Cause that's not a really healthy situation if you get what I am saying

[dishwara]

Please, if you like other shares, mention it in their OWN page. Please, in this thread speak about my share related things only.

@watchwoord
Share sales is stopped now.

The 1000 reserved stocks are already bought by me @ 1 BTC. Since the bitcoins didn't paid, it gets NO profit.

[wachtwoord]

Well the IPO has stopped, trade has not of course.

What's of main importance here is the fact that you did not in fact buy the 1000 shares. You didn't pay for them and therefore do no receive profit, however you are able to buy them at any time in the future for 1 BTC no matter how far the general stock price has gone up. if this is true I will not become a stockholder cause that is worse than any insider option schemes I ever came across.

I am not trying to be a jackass (maybe I sound like one at this point ) but I want to make this very clear cause I think this stops other investors as well.

For the rest: I wish you all the luck

[dishwara]

Ok, The rest mostly are my friends & they know me. You may be right, i can buy them in future for 1 btc, no matter how far the general stock price goes up.
Its MY company man, I am the CEO/OWNER of this company. You think i have NO right to control, how much money i want, how much money i give as profit, how many shares i hold............I released 1000 shares to raise money. For the money i raised so far i can able to run at least 11 cards. The profit from the cards itself can able to buy other/future hardware for mining.
So far now, i stopped selling shares & also after maintaining everything, i may sell.

If you fear much then you can safely ignore me, as shares of DISHWARA will be less worrying when compared to total bitcoin going down.
I hope those who knows me, will buy shares, so no one can stop others from buying DISHWARA.

[dishwara]

Hi, SH.

Yesterday, i changed from windows 7 32 bit to windows 7 64 bit, so i can't able to mine for 3-4 hours.
Now mining is getting speed.
Also, i connected the cards to from 1st slot with 1x extenders only.
But still, 3rd slot refuse to take card at 1x extender.
So, 3 cards, 2 Asus EAH5870 & 1 old Sapphire 5870, mining now in this connected fashion.
PCIE_1, PCIE_2, PCIE_4 , connected with 1x extender cable from cablesaurus.
Mining is slow now, seems need tweks, even though running just the copy from win 7 32, PR 1.41 gives 420-429 Mhash/s.
It must give 434-437 Mhash/s(which was given in win 7 32).

Is the mining speed is correct or i can go further?
core clk is 975, mem clk is 325, fan 75%, temp varying from 64-74C from 1to 3 card.

EDIT:
Increased core & mem.
Now core clk is 993 & mem is 331, fan 75% & temp varying from 64-74C giving 431-437 Mhash/s in PR 1.41 miner.

[demonofelru]

Ok, The rest mostly are my friends & they know me. You may be right, i can buy them in future for 1 btc, no matter how far the general stock price goes up.
Its MY company man, I am the CEO/OWNER of this company. You think i have NO right to control, how much money i want, how much money i give as profit, how many shares i hold............I released 1000 shares to raise money. For the money i raised so far i can able to run at least 11 cards. The profit from the cards itself can able to buy other/future hardware for mining.
So far now, i stopped selling shares & also after maintaining everything, i may sell.

If you fear much then you can safely ignore me, as shares of DISHWARA will be less worrying when compared to total bitcoin going down.
I hope those who knows me, will buy shares, so no one can stop others from buying DISHWARA.

I'm sorry but that is a terrible attitude IMO.  "Its MY company man, I am the CEO/OWNER of this company." That's not true at all once you held the IPO it became a public company, from what I heard you technically aren't even a majority owner yet.  You said you have only a few shares, but the option to buy 1000 at 1 BTC a piece.  Although it's reasonable you want to profit none of this would have been possible without your shareholders who are just as much owners of this company by share count as you are because you made it a public company.

[dishwara]

I made it a public company by releasing IPO. It doesn't mean i don't have control. I just started the company with the bitcoins i got. While other share releases, already own the hardware & issued shares to buy new hardware. so there is huge difference between my shares & others. And some just want to irritate me, so they buy one share & ask thousand questions. I know, its my responsibility to answer & to give full details about how all the money spent.

But comparing, i can't resist. My shares was compared with today price, while i issued shares 1 btc = 0.7 usd, it was less more than 30 times.

I asked loan, if i got loan everything is different.

You may be right, i can buy them in future for 1 btc, no matter how far the general stock price goes up.

The above is wrong. I take back that statement.

I already have 1000 shares in my hand, but i didn't paid any bitcoins, so it gets no profit.
I take profit 10 or 20% (If nothing is saved for future).

Since the 1000 share i hold didn't put any bitcoins, its not eligible to receive any coins or profit.
In future, i may add 1000 bitcoins & increase the mining power by buying hardware & make the 1000 shares also eligible to receive profit.
Until, i do so, its for CONTROL only.

Even though i released shares still i am the owner as i have 1000+ shares whether i put bitcoins or not.
The one with 51% of total shares is the owner.

You want me to just mine & give all to every one & want me to go empty handed?
I am fighting here daily with heat & cold to run the system. All i do is for free?

To solve the above problems, i temporarily stopped selling shares & i also believe with the share released & amount raised i can able to mine to give profit to my share holders.

Being honest makes idiots

[demonofelru]

Boy am I glad I didn't put in a lot of money in this company, your attitude is appalling dishwara.  There's a difference between majority owner and outright owner. 

"You want me to just mine & give all to every one & want me to go empty handed?
I am fighting here daily with heat & cold to run the system. All i do is for free?"

You would not have the chance to mine if it weren't for your shareholders although it's great you want to profit, you should show a LOT more appreciation to your share holders.  They gave you money for free hoping in the company and believing in you.  To be hostile towards them even if they bought just one share is massively disrespectful.

[wachtwoord]

You don't seem to understand how a public company works. You do not own it, the shareholders do, so you own 40/2000 2%. If you don't like it buy more shares. You also say you expect this because you put effort into the company? Well, that's what's being an employee is like, yes the CEO of a company is just another employee.

In my opinion you need to release the left over shares to the public, buy them right now yourself or cancel them. Cause officially the shares are now owned by the company (note: this is NOT you) and companies are not allowed to own shares of their own company. The can buy them back of course, but only to either hand them back out directly or take them of the market (effectively destroying them and reducing the total number of outstanding shares).

You keep saying you asked for a loan. But you didn't get one did you? You created a company and held an IPO, this has certain consequences and the ones I'm picturing are some of them. Frankly I think GLBSE should enforce these rules (like any other market operator). The way it's set up now you are taking advantage of your shareholders.

[dishwara]

I am showing appreciation to my share holders from heart.
I actually don't understand in which way you want, me to show my respect to my share holders.

To be hostile towards them even if they bought just one share is massively disrespectful.

Please don't say again & again that it was/is share holders who bought my share helped me.
I never forgets it & will never forget.
But please tell me how to find from 1000's of members, the one who bought my share & questioning me & the one who don't even know my share, but to troll & irritate me asks me 100's of question.

Can you explain me how i disrespectful.
Besides, how i know who bought my shares?
I already asked some 10-20 days ago to contact me through PM, with how many shares they bought with their name.
Only 2 persons contacted me.
With out knowing who bought my shares & who is my share holder, how can i respect them?
It is very simple for some one to troll here & irritate me, so that i will be ONLY answering them not concentrating on mining or mining related things.

Please i ask all my share holders to sent me in PM with your forum name, user id & the amount of shares you bought.
You also can email me at dishwara@gmail.com
Your name,user id & amount of shares you bought will never be given out.

Please reply with your forum name, your user id & number of shares you have here,
http://forum.bitcoin.org/index.php?topic=16360
I am asking it, So that i can treat my share holders with respect only & avoid disrespect even for a second in present & future.

[Sultan]

Each share represents a portion of your company. For each share you sell, you have less ownership of the company.

But previous posters are correct. Once a company goes public, it is exactly that, owned by the public (the public that bought shares in the company, mind you)

Once a company goes public 100% of the company is up for grabs by anybody, you can only claim majority shareholder status if you own (bought) 50% or more shares of the company. And because you started the company in the beginning, true the company would have belonged to you, Dishwara, but as soon as you made it public, you immediately divorced yourself from the company unless you buy back your shares.

True, if you had a loan it would've been different, I guess this is the difference between a loan and shares.

If one is withholding shares from the market, one should either buy them immediately, or put them for sale immediately, if 2000 shares were issued, and you only bought 40 of them, I would agree with previous poster, this, unfortunately, doesn't make you the majority shareholder, I'm afraid.

[dishwara]

I request those who bought shares of DISHWARA, please update this web page with your forum name, user id of glbse.com & number of shares you have.
http://forum.bitcoin.org/index.php?topic=16360

This will help me to respect & answer my share holders properly.

Thank you.

[Sukrim]

I request those who bought shares of DISHWARA, please update this web page with your forum name, user id of glbse.com & number of shares you have.
http://forum.bitcoin.org/index.php?topic=16360

This will help me to respect & answer my share holders properly.

Thank you.

How will you know I'm not cheating? There is no way for you to connect a GLBSE user ID with a forum name.

[demonofelru]

I request those who bought shares of DISHWARA, please update this web page with your forum name, user id of glbse.com & number of shares you have.
http://forum.bitcoin.org/index.php?topic=16360

This will help me to respect & answer my share holders properly.

Thank you.

I will add once I have time to figure out how to find my user ID.  So I'm guessing that one will be for verified holders and this one for others?  It would be best to keep this open IMO since you wouldn't want to alienate people thinking of buying.  Most people will want to ask questions before they spend the money to buy shares, it's only fair we answer their questions as well.  BTW I meant no disrespect before, maybe it's a language barrier maybe it was you not fully understanding how public companies work.  I was just upset about how IMO you had a sense of entitlement which wasn't warranted.

[wachtwoord]

I really think (hope) a language barrier is at fault to this because knowing who your shareholders are will in no way help with any of the things me and some others have said to you.

If people ask me to stop posting here I will (as I'm not a shareholder), I was just quite excited about the concept of GLBSE and being able to invest in small startup companies in a convenient way and under these conditions I cannot do this. Fir what it's worth this seems to be an issue with the other company (Skepsidyne) I just didn't want to start saying the same thing in two threads

[dishwara]

Hi,
Share Holders. So far 26.3 coins in bitcoin client. I thought about giving them after it reaches 30 BTC.
But i give now itself. I took 24 coins (for easy calculations).
Actually instead of sending my profit directly from bitshare bitcoin client.
I will send 20 % that is 4.8 coins to myself, address 1A7jbSvBCNjDmN8TcS5sRXdRnruGypuUbX
& remaining 19.2 is sent to share holders as dividend.
Each share gets 0.02644 coins as profit.

[rb2k]

Thanks!
I had bought a share and my 0.03644628 BTC arrived. The downside is that "the minimum amount you can withdraw is 1btc, with a fee of 0.01btc.".
Well, that might take a while

p.s. is there any list of the payouts of the dividends (with date) somewhere!

[tomcollins]

lol @ anyone who bought shares.

[BioMike]

p.s. is there any list of the payouts of the dividends (with date) somewhere!

Check back in the thread. There has been 1 payout before.

[dishwara]

In between, I already paid in full for 1 nos.of CMSPG 1200W & 2 nos. of R5870 Lightning cards from MSI. It MUST arrive with in this week.

Also today got information about only one R6970 Lightning card is available in stock(Since the card is new, it takes time to spread all over India). But after an hour got information that totally 4 cards available. So paid advance 19,000 INR for 4 nos. of R6970 Lightning card. Since it is going to be delivered through air, they said,it will reach them on 14th may 2011 & i can get from them on 15th may 2011.
If every thing goes fine, i hope 4 +2(4-6970 + 2-5870) card will be hand with in this week & i will complete 1st rig.
Some other problem i facing. For now, i can't invest in UPS for surge protection & the available product for spike & surge protection is Belkin Gold Series Surge protector with 6 sockets & many extras.
But the main problem is so far i bought 2 pieces from 2 different sellers from ebay.
Both the products after working 1-2 hours blown out the neon light inside the on/off switch. The product is working fine with Protected RED led & Grounded GREEN led. only problem is the power neon blowing.
I called electrician & he checked most of the connections in house & even gave new separate ground with copper wire for connecting PC only.
After i received the 2nd belkin gold surge, i sent the 1st for replacement & they cooly said it will take one week for them to send back.
So, i didn't send the 2nd one, as with 2nd one only i am running now.
Also, by asking shop...i got contact for both Belkin & also service center, so here after they service soon & send & also tomorrow i will speak to technical person in Belkin & ask him to send me 3-4 surge protector, by opening & testing & if power neon blown out, replace it & ship to local seller.
So that after 1-2 days, i have to run with it to shop & ask them to send, which will take totally 15 days or more for me to get replaced product.
In between spoke to another dealer friend & he insisted to go for Microtek Online UPS for surge/spike protection. But the cost of even a 3kva UPS(V-Guard) is 48000 INR + tax & i think it is not feasible to go for UPS.
Since we mine with pool directly & data sent to pools instantly nothing is stored in HDD. So, no need for backup & so no need for UPS.
Hope tomorrow i get answer.

[kgo]

Ok, The rest mostly are my friends & they know me. You may be right, i can buy them in future for 1 btc, no matter how far the general stock price goes up.
Its MY company man, I am the CEO/OWNER of this company. You think i have NO right to control, how much money i want, how much money i give as profit, how many shares i hold............I released 1000 shares to raise money. For the money i raised so far i can able to run at least 11 cards. The profit from the cards itself can able to buy other/future hardware for mining.
So far now, i stopped selling shares & also after maintaining everything, i may sell.

If you fear much then you can safely ignore me, as shares of DISHWARA will be less worrying when compared to total bitcoin going down.
I hope those who knows me, will buy shares, so no one can stop others from buying DISHWARA.

I'm sorry but that is a terrible attitude IMO.  "Its MY company man, I am the CEO/OWNER of this company." That's not true at all once you held the IPO it became a public company, from what I heard you technically aren't even a majority owner yet.  You said you have only a few shares, but the option to buy 1000 at 1 BTC a piece.  Although it's reasonable you want to profit none of this would have been possible without your shareholders who are just as much owners of this company by share count as you are because you made it a public company.

I feel like this is an (over) reaction to one non-shareholding user who keeps beating a dead horse on terms that were agreed upon long ago, and not representative of Dishwara's general management style.  He's running around trying to raise money in INR, picking up equipment, having the electrician re-wire his freaking house.  Then some guy just keeps going on about some theoretical long-term scam that Dishwara could conceivably run.  At some point anyone is bound to snap and tell the guy to shut up.

[speeder]

lol @ anyone who bought shares.

I already got some profit from those shares...

Thus, why the lol?

[kgo]

lol @ anyone who bought shares.

I already got some profit from those shares...

Thus, why the lol?

I think people don't realize these are dividends, and figure it'll take forever to 'repay' the initial investment at that rate.  They don't realize these dividends are independent of the stock price.  My last set of calculations showed it's actually a pretty decent APR so far.

[tomcollins]

lol @ anyone who bought shares.

I already got some profit from those shares...

Thus, why the lol?

I think people don't realize these are dividends, and figure it'll take forever to 'repay' the initial investment at that rate.  They don't realize these dividends are independent of the stock price.  My last set of calculations showed it's actually a pretty decent APR so far.

As long as there are greater fools to sell the shares to, sure.

[Nefario]

To clarify some things to questions and statements on this thread, there is a lot of missunderstanding (and wrong assumptions).

Firstly with regard to the IPO, a founder (the person who starts a company) can issue themselves shares in an IPO, usually they have a large majority(think Facebook founder Mark Zuckerberg). It's also known as sweat equity and is the norm. The company founder is not required to buy their allocation of shares when a company is made public (what a silly notion).

Secondly Dishwara has in his personal ownership over 1000 shares of DISHWARA, if you look back to the begining you will see that he made this very clear. He issued 1000 shares for himself, and then using his own personal bitcoin bought more.

At the time of issuing one share was 1btc, and 1btc was valued at $0.7 USD. So he has not valued his investment (of time and effort, AKA. sweat equity) at $14kUSD. It's as a result of the value of bitcoin rising since he begun that his investment is worth this much.

Dishwara is as a result the largest single shareholder, and the majority shareholder of this company(at over 51%). He is both the CEO and owner.

It's important that the founder has a large stake (share) in the company otherwise they have no incentive to work for it's success.

He was also the first company on GLBSE to pay a dividend.

He is also so considerate of his other shareholders that he (with his majority share) has decided not to receive dividend payments for himself (which would mean he would get 50%), and is only taking a 10-20% charge(I'm unsure of the exact amount, that's not clear) of each dividend payment, giving every onther shareholder almost double what they would be otherwise entitled to.

He is holding those shares in the companies GLBSE account as this is the only way to prevent them from getting dividend payments(this may be where some of the confusion has come from).

In terms of his reporting he has been as forthcoming as he can(posting on this thread regularly keeping everyone updated), but he is only one person. He could hire an accountant to have proper records and accounts put up, balance sheets, profit and loss statements etc. But that would pretty much use all the mining profits to do so, is that what you want?

The internal expenses are really of no concern to shareholders. Companies listed on major stock exchanges don't have every nitty gritty detail of their accounts put up, they hire an outside auditor (such as KPMG) to do anual public accounts (or quarterly) to give an overall view of the company.

Information that is available to investors is the shareprice, and the dividends that have been paid. I will be adding those features to GLBSE, they're just not there yet (although the information itself if there).


Now lets move away from company practice for a while and look at some real world facts.

Dishwara live in India, and is despite the difficulties managing to run this (I know from personal experience what it's like trying to do something like this in a developing country, I live next door in China), which is not easy at all.

He is a semi anonymous person, no one here knows where he lives(apart from the country, but good luck finding him there).

There was nothing stopping him from taking your bitcoin and running away, there are noo police that can get him, to is no regulator that will fine or imprison him for cheating you, or not doing his job.

In short you have no way to enforce your will or rules on him.

And despite this he continues, working, running his miner, and more importantly paying dividends, on terms much better than he's required.

If you don't want to invest fine, but I wouldn't complain about the way Dishwara has been running his company. I think he's a great example of how to run a small semi-formal venture using outside micro-investment, and it seems at this rate he's going to manage to pull it off and deliver an overall profit to initial investors.

Nefario.

[wahbasah]

+1 for dishwara

honest and hardworking person

[speeder]

Cheers for DISHWARA

I even nabbed some of those 0.999 BTC shares that someone was selling.

[demonofelru]

Although I agree with most of what you said nefario and I understand all these questions can bring great stress, I have been one of the main complainers and I still feel although he seems quite trustworthy his attitude has been less then optimal.  My main concern and pretty much only one is his refusal to answer any questions of people that aren't shareholders.  Although I can see his point that he doesn't have all the time in the world it's hard for new interested parties to buy shares when there's no prospectus and no questions would be answered.  New shareholders would actually help him more then us at least in near term it would dilute existing shares.  It could help solidify long term though which is what I'm more interested in though.  I've said it before and I'll say it again I'm VERY glad he has been keeping us so up to date and has so far been very trustworthy.  I however do not think he deserves applause for not running with the money.  If I am closing at my job at a resteraunt and I we made $2,500 that night I should not be congratulated for not stealing $1,000 and saying we only made $1,500.  Be that as it may I know he certainly has the oppurtunity if he were a bad person.  

To Dishwara: If you would like I can volunteer to try to make this forum for prospective share holders I'll try to answer any questions they have and ones that need you I can maybe send a PM your way once a week to get those answers so you aren't overwhelmed.  I know I have been a bit aggressive and sorry for that I truly hope this company flourishes and I'm sure the extra capital could be put to good use by you if we did get more buyers let me know.

[kgo]

lol @ anyone who bought shares.

I already got some profit from those shares...

Thus, why the lol?

I think people don't realize these are dividends, and figure it'll take forever to 'repay' the initial investment at that rate.  They don't realize these dividends are independent of the stock price.  My last set of calculations showed it's actually a pretty decent APR so far.

As long as there are greater fools to sell the shares to, sure.

He's paid out a 5% return in less than 2 months, even without having a full rig setup.  Annualized that's 30%.  Even if you assume worst case about difficulty and his ability to get rigs setup to combat difficulty, the worst possible return rate for a year is 5% since he already paid this much.  Somewhere between 5% and 30% is way better than you can make on bank interest or investing in a CD anywhere in the US right now with the economy the way it is.

[Nefario]

He's paid out a 5% return in less than 2 months, even without having a full rig setup.  Annualized that's 30%.  Even if you assume worst case about difficulty and his ability to get rigs setup to combat difficulty, the worst possible return rate for a year is 5% since he already paid this much.  Somewhere between 5% and 30% is way better than you can make on bank interest or investing in a CD anywhere in the US right now with the economy the way it is.

Actually the return is much better than you think. He's managing that return (between 5-30%) in a deflationary currency, as opposed to an inflationary one. Such a return in an deflationary environment isn't supposed to happend according to the deflationary spiral theory  , the earliest investors are the biggest winners with this, and should be as they had the biggest risk.

To demonofelru, the issue is that he's getting bashed for not answering SOME forum users or these users are not satisfied with his answers.

He's provided enough information for people to make decisions on whether to buy or not. He's not obliged to answer peoples incessant questions. He can if he wants but he's not required to, and to a large extent it wouldn't help if he did. CEO's of normal companies aren't at the beck and call of everyone on a forum, they've got real work to do.

His attitude is less than optimal? Whats optimal?

His goal has been to get as much btc profit for shareholder as possible, that's it (less his fee), he's put plenty of information out there and looked for SH feedback plenty of times. He's stating a fact when he says the company is his. What's wrong with the attitude? What more do you want?

I however do not think he deserves applause for not running with the money. If I am closing at my job at a resteraunt and I we made $2,500 that night I should not be congratulated for not stealing $1,000 and saying we only made $1,500.

The difference here is that if he runs with the money there will be no consequences beyond his reputation being ruined, whereas if he stole from the restaurant he'd be arrested and probably jailed.

I don't see there being a need for him to have a PR department, this is a simple business. Sell shares, use capital to buy equipment, use equipment to mine bitcoins, pay said bitcoins to shareholders. Repeat. All that matters is the numbers.

[demonofelru]

@Nefario About the attitude thing I am mainly talking about the other thread.  Here are a few quotes from it that I was talking about.


"If you think you don't have to post your user id & number of shares with forum username, i also have the right t ignore you,m even if you own my share."

and

"First prove me you are share holder of "DISHWARA".
If not, i don't have to answer any of your questions.
I have to answer my share holders, not to others."

Again totally understandable that he's getting a lot of questions and that can be stressing, but if I were someone looking to open a position in DISHWARA seeing that might change my mind it's hard to tell tone in internet posts and there's of course a bit of a language barrier, but I'm just afraid that might alienate potential future buyers.

About your second
"The difference here is that if he runs with the money there will be no consequences beyond his reputation being ruined, whereas if he stole from the restaurant he'd be arrested and probably jailed.

I don't see there being a need for him to have a PR department, this is a simple business. Sell shares, use capital to buy equipment, use equipment to mine bitcoins, pay said bitcoins to shareholders. Repeat. All that matters is the numbers."

I was referring to myself with the restaurant example I work as a night manager at my best friends restaurant.  I certainly could steal money from my friend and he would have no way of knowing my reputation wouldn't even be ruined.  That's not the point though I was strictly referring to the morals of it it's almost universally accepted that stealing is bad; not stealing from us whether there would be a consequence or not does not deserve congratulations.  Of course it's great he's a trustworthy but it's not something he deserves to get pat on the back either IMO.  He DOES however IMO deserve credit for taking the time to answer questions, and he even posts updates whether asked or not which is great.  Also you are right the return ain't half bad so far.  To your last part of course he shouldn't hire someone as PR but I don't think he has to as I said I'd be more then happy to try to answer peoples questions who aren't yet share holders to the best of my abilities and as I said maybe work something out where ones I can't are relayed to him in a non constant basis (I suggested weekly).

[Nefario]

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

[demonofelru]

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

[speeder]

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

How people afraid to buy would be a problem? The IPO is even over right now...

There are no new shares to be sold, only old shares.

Thus, new shareholders, will only buy stuff from old shareholders, thus changing share prices.

DISHWARA did not proposed to increase share value (there are even a whole thread about how deflactionary currency probably cause share price to decrease), he proposed to pay dividends, and so far he is doing it.

More shareholders mean only more people getting dividends, it does not mean more profit. (specially now, that he does not really need more money, as the parts arrived and is matter of setting up the rig properly).

[demonofelru]

I wasn't saying he should hire someone for PR, I was saying that he doesn't need PR for his company at all.

And his job isn't to answer questions, it's to make good payments on dividends.

Nefario.

Yet if people are afraid to buy it directly effects his shareholders that's all I'm saying.  As one of those I'm just voicing that concern.  Again he's doing a good job so far but I'm not going to feel bad for voicing my concerns.  Whether he thinks my offer is a good idea or not is up to him, I certainly don't have all the time in the world either; just thought I would try to help.

How people afraid to buy would be a problem? The IPO is even over right now...

There are no new shares to be sold, only old shares.

Thus, new shareholders, will only buy stuff from old shareholders, thus changing share prices.

DISHWARA did not proposed to increase share value (there are even a whole thread about how deflactionary currency probably cause share price to decrease), he proposed to pay dividends, and so far he is doing it.

More shareholders mean only more people getting dividends, it does not mean more profit. (specially now, that he does not really need more money, as the parts arrived and is matter of setting up the rig properly).

You're wrong, he just suspended the sale of shares temporarily last I heard.

"Until i able to run my 1st rig with 8 cards, i stopped selling my shares.
Once i complete the rig & give profit & also able to maintain spread sheet with all the details, it will be good, if don't sell shares & cheat new SH."

That's very noble of him he doesn't want to sell shares until he gets his rig up and running. 

But either way it would be even worse if there were only shares to be traded from now on.  That would make not answering prospective buyers questions even worse for existing share holders since it might make the stock less attractive, and therefore bring the price of shares down.

[speeder]

Read my post again, I ALREADY attended to that share value concern.

[wachtwoord]

Firstly with regard to the IPO, a founder (the person who starts a company) can issue themselves shares in an IPO, usually they have a large majority(think Facebook founder Mark Zuckerberg). It's also known as sweat equity and is the norm. The company founder is not required to buy their allocation of shares when a company is made public (what a silly notion).

Lol, you cannot be serious That is not silly at all.

Facebook is a company, there are employees, a system, a lot of users a lot of money and a lot of business. So when they have an IPO you are actually buying something,  Facebook. Therefore the current owners (Zuckerberg among others) depart from some of their shares and hold on to the others. (I have to say though that Facebook at 100B$ is way WAY WAY overvalued)

In the case of Dishwara there is no company to start with, just one guy. If this guy invests nothing in his company he does not deserve a single share without buying it directly. And don't say he is working for it because he is getting a wage (10-20%).


To conclude: It is your sock exchange, so thank you for pointing out your attitude so can refrain from putting time into researching the companies cause these are totally unacceptable terms and if this is your view I'll take my business elsewhere. A shame cause I really liked the concept

[demonofelru]

Read my post again, I ALREADY attended to that share value concern.

I read your post just fine, I know this is mainly for income not share appreciation.  Be that as it may if I feel there is a way to have both or at least not have as much potential share depreciation I'm going to speak up like I did.  Example if someone hold shares in altria (MO) a common income stock they know dividends is probably were most of there gains are going to come from.  However if shareholders feel management is neglecting to take advantage of a catalyst for price appreciation you'd better believe they will voice that concern.

[dishwara]

Here is the link which shows about DISHWARA shares in bitcoin charts.

http://charts.glbse.com/markets/DISHWARA.html

Thanks Nefario for the link.

[demonofelru]

Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

[Nefario]

Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

It didn't, I paid to have bitcoincharts just for glbse.com, enjoy.

[dishwara]

1st dividend on 30 may 2011
Total dividend given 14.32 bitcoins.
100% given to share holders as dividends.
0% - for me
0% - To safe
1 BTC = 7-8 USD

2nd dividend on 13 june 2011
Total dividend given 24 bitcoins.
20% - 4.8 coins as profit for me.
80% - 19.2 coins to share holders as dividends, total shares are 726 & each share got 0.02644 bitcoins.
0%  - To safe, future expansion, electricity bills, internet charges.
1 BTC = ~20 USD

Also updated in first page.
http://forum.bitcoin.org/index.php?topic=5750.msg104953#msg104953

[speeder]

Nice didnt even know bitcoin charts did that that will be neat to checkup on every now and then thanks.

It didn't, I paid to have bitcoincharts just for glbse.com, enjoy.

Heh, I asked tcacm to do that, and he replied saying he would ask you to license from him.

Nice that you actually did it

I only do not understood wazzup with the depth charts and table... They look totally borked

[kgo]

Firstly with regard to the IPO, a founder (the person who starts a company) can issue themselves shares in an IPO, usually they have a large majority(think Facebook founder Mark Zuckerberg). It's also known as sweat equity and is the norm. The company founder is not required to buy their allocation of shares when a company is made public (what a silly notion).

Lol, you cannot be serious That is not silly at all.

Facebook is a company, there are employees, a system, a lot of users a lot of money and a lot of business. So when they have an IPO you are actually buying something,  Facebook. Therefore the current owners (Zuckerberg among others) depart from some of their shares and hold on to the others. (I have to say though that Facebook at 100B$ is way WAY WAY overvalued)

In the case of Dishwara there is no company to start with, just one guy. If this guy invests nothing in his company he does not deserve a single share without buying it directly. And don't say he is working for it because he is getting a wage (10-20%).


To conclude: It is your sock exchange, so thank you for pointing out your attitude so can refrain from putting time into researching the companies cause these are totally unacceptable terms and if this is your view I'll take my business elsewhere. A shame cause I really liked the concept

The initial funding for facebook was a $500,000 round of seed money.  At that time Zuckerberg didn't have much more than an idea and possibly a prototype.  But that was still enough to get money and maintain control of his company.  Seed/angel funding probably more comparable to the current GLBSE IPO's than a 'real' IPO.  Pretty much any internet billionaire started off with a good idea, a business plan, and not much capital of their own.  Then they rolled up their sleeves and busted their asses, backed by money-men.  This goes back to the days of Apple.  And it's not just dot.com companies, entrepreneurs and investors have worked like this forever.  The concept a company founder receiving a large reward if the company succeeds is completely uncontroversial.

[dishwara]

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.


EDIT:
I was very rude in this post. I am sorry.

[demonofelru]

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.

Sorry to hear man did the email list an IP address?  Sometimes they list the address used to reset password for more security?

[dishwara]

No, the mail from yahoo didn't have ip address.

Also, If some one wants to buy shares, instead of dos mode client, please use web client.
I know it gives you headache to decrypt, but once u decrypt its very very very easy to use.

Some asked me by PM to buy shares.
For now i stopped selling shares as i have to first satisfy my present share holders.
Then only i can think about future share holders.
Also, one share holder is not satisfied with DISHWARA & he is selling around 50 shares at 0.99900000 btc per share.
Those who want to buy shares, better buy his shares, as it will also help him to sell & have bitcoins & you can also buy for less (0.0001 bitcoin per share).
More than 30 sold, & when i last see their was 19 shares with ask rate 0.99900000.
I also see ask rate of 1.0 btc for 1 share & 1.5 btc for 1 share, 2.0 btc for 15 share, 2.1 btc for 2 share

& a very interesting ask 2000000.0000000 BTC   for just 1 share.
I don't know when will DISHWARA price will reach that high.

6.0283 coins mined & in bitcoin client.

[Nefario]

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.

http://keepass.info/

For keeping passwords, very usefull.

[speeder]

To those that dislike Dishwara.

Sell more, and cheaper!

So I can buy those shares

If you want to dump them fast, put them for sale for 0.25 BTC, no matter how much shares you put for sale at that price, I will buy them all!


And I enjoyed the last dividend.

[dishwara]

Thanks Nefario for keepass.

Yesterday received 4 nos. of 6970 graphics card. MSI R6970 Lightning. Each card is 22800 INR.

I installed one card & installed catalyst then another.....
So, it took almost more than 4-5 hours.
I did coz, so far many told windows don't support more than 4 cards.
After installing all the 4 6970 cards, i installed the old 5870 cards.
From there problem started. I can able to mine with 4 cards, but it seems after 5th card driver corrupted & opencl gone...
Running phoenix gives windows error. I am going to try now AMD APP 2.4 both 32 bit & 64 bit.
Catalyst version is 11.6, released 1-2 days before.

With the happenings so far i can say windows won't support more than 4 GPU's is a myth.
But, still their is something.
It seems windows don't support more than 4 GPU, if GPU is 5000 series & if its 6000 series, Windows supports.
I added screen shot of device manager.

Also MSI Afterburner 2.1, 2.0 & 2.2 beta, all giving me same error as in pic.

Also, i see a strange problem.
I can only use 1x extender in 1,2,4,5,6,8 pcie slot only.
Installing graphic card with 1x extender in slot 3 & 7 , doesn't get detected by windows.
I tried slot 3 with 16x extender & card detected.
Then i connected slot 5 with 16x extender, since many saying windows won't support more than 4 GPU.
But windows detected with out problem & then i removed the 16x extender in slot 5 & replaced it with 1x extender.

so now, 7 cards connected to rig with this configuration & order.
slot 1,2,4,5,6,8 - 6 cards connected with 1x extender
slot 3 - 1 card connected with 16x extender.

slot 1,2,3,4- MSI R6970 Lightning card.
slot 5 - Sapphire 5870
slot 6,8 - ASUS EAH5870.
slot 7 is free & it accepts card only with 16x extender only.

I ordered 21 nos. of 1x extender & 2 nos. of 16x extender last month from cablesaurus last month & used it.
Already ordered another 6 nos of 16x extender (June 4th or 5th), waiting for cables to reach.

If anyone have any idea why phoenix give error, please share.
Have to try with poclbm.
Having to give details of 7 miners to every mining software from GUI's to cmd is really giving pain.

[Otoh]

To the asshole bastard who try to break in to my yahoo account.
If you really Not a bastard(born to only one male & your mom had sex with only one male, not to dogs or pigs or snakes or mouse to give you birth) , Not a coward, chat/post here.
Instead don't try to break my yahoo account.

SH, some asshole bastard born to more than a mouse, tried to break my yahoo account.
It seems after trying some time, he clicked forgot password & i got email that some one wanted to reset my password.

Anyway, that made me to change & now use complex password.
It seems, some one don't want DISHWARA to grow. Even before i start running fully, they got threatened by DISHWARA.

deepbit MUST change the username from email id to just user selected name. Having email id as username is the worst thing & deepbit still doing it.

I have been thinking of buying shares, I like the concept & feedback coming in plus it's potential but get more & more put off by DW's reaction to petty things - like the above, I'm not a share holder so DW can feel free to ignore this or rant, I could have been though big time - I still might but very much doubt I'd wish to trust big bucks to someone who can't even keep their cool when someone asks for a password reset on an email address that's public - happens regularly with the ones on my domains, water off a duck's back

[Otoh]

PS - I've read every post here a while ago & am serious about buying in, I can also appreciate the stress DW is under - just not how he's handleing it, sry if my posts have added any but better said I guess as it looks like being a wider concern

[dishwara]

9.05 in bitcoin client.

Still fighting with cards installing & mining.

[dishwara]

I gave up Windows for mining & trying Linux.

Downloaded Linuxcoin & tried with it. It seems i can't able to run more than one miner. Also, i don't know how to create bat files there & how to run it.
Also downloading ubuntu 11.04 & debian 6.01, both amd64 version.
It seems i have to go for hard disk installation than usb.

If anyone know which Linux distro has softwares like afterburner please share....
I want to WATCH/SEE temperature & cpu usage as in afterburner in Linux, if not i won't know whether mining is going or GPU is burning.

Also can't able to figure out which Linux distro is best for mining.
Coz for most of the Linux distros software packages are not available or i don't know how to search, install & use them.

Help is definitely needed to mine & continue.

[Sukrim]

"Batch files" are shellscript files in Linux.

You don't need afterburner to have a temperature logger, I think I saw a few scripts using RRDtool or similar stuff in the Mining section of this forum.
Overclocking can be also done via the ATI driver.
I don't get however why the GPU should suddenly get hotter than usual, if everything else (room temperature, mining program(s), clock rate...) stays constant.

I personally use arch linux, as it has already phoenix-miner in it's user repository, but I guess it doesn't really matter.


Why did you even stop using Windows? You have a license anyways (I guess/hope) and mining is not faster on Linux as far as I've experienced. If you're used to and comfortable with Windows and also rely on tools there, like afterburner, why switch and invest the work for practically 0 gain output-wise?

[dishwara]

Windows can't mine more than 4 GPU's. That the reason switching to Linux.

[dishwara]

11.36 coins in bitcoin client.

Thanks Inaba.

With his guide installed Ubuntu 11 & now mining with 3 cards.
But can't OC, have to read a lot.
Also soon add other 4 cards & hope to mine with 7 cards today itself.

[Nefario]

Just a reminder, GLBSE is probably going to be down for a few more hours until I've finished.

Nefario

[rb2k]

With his guide installed Ubuntu 11 & now mining with 3 cards.
But can't OC, have to read a lot.

aticonfig works fine for me on arch linux:

Code:

aticonfig --od-enable
aticonfig --adapter=all --od-setclocks=1000,300

[dishwara]

After aticonfig --od-enable , i tried set clock & got this error.

Also, Ubuntu is very very slow. Mouse movement, opening files....takes lot of time. Its like working with 1 GB windows 7.
How to increase performance?
In windows i just go to advanced properties & disable visual effects i don't want.
But in ubuntu i am searching......can't able to find. Tried to change themes, which did no use.
Please if some Linux users their help to setup rig to have more speed as windows xp.

Or Ubuntu 11.04 is slow like Windows Vista?

[rb2k]

maybe you need to run those commandos as root (sudo)

[speeder]

My father is a Ubuntu fan and hated Ubuntu 11.04

Including its stupid slowness.

If you want to remain with Ubuntu, get one of the older editions, specially those that are professional versions (ie: the ones with LTS after the version name. LTS means Long Term Support)

[dishwara]

I want to use any Linux which is good for mining.
Also, it must have support for other softwares also. Like temperature monitoring...
Actually i don't know how to say, coz i lived in windows very much , now everything is alien to me.

I try older version of Ubuntu.
I chose Ubuntu 11.04, coz for that version only Inaba wrote.
Don't know earlier version also support his guide.
Already very late & lost many coins by not mining. Don't want to waste time.


http://forum.bitcoin.org/index.php?topic=16548.msg251292#msg251292

In this tvar said "Just put it in an executable file and run it, should spit out the temperature every 10 seconds."

how to put it in executable?
I create an empty text file & put code in it & give what extension?
How to make it executable & run auto?

[torbank]

how to put it in executable?
I create an empty text file & put code in it & give what extension?
How to make it executable & run auto?

Hi Dishwara,
One of your shareholders here.

Extension doesn't matter. I usually use ".sh".

To make it executable you need to run: chmod +x

Not sure about auto run.

[Nefario]

how to put it in executable?
I create an empty text file & put code in it & give what extension?
How to make it executable & run auto?

Hi Dishwara,
One of your shareholders here.

Extension doesn't matter. I usually use ".sh".

To make it executable you need to run: chmod +x

Not sure about auto run.

Doe autorun you would use cron, google for more information. I think it can handle 1 min intervals

[rb2k]

While I love Linux on Servers and I'm very happy with Arch linux on my mining rig, I think those few MH/s that you MIGHT gain are probably not worth it... especially considering the downtime

[dishwara]

Tried sudo aticonfig --adapter=all --od-setclocks=993,900 & enter.
System just freezed.
Hard restart & after that Ubuntu loading starts & then white screen & nothing happening.
Can able to go in recovery mode, but it doesn't allow to run mining & also tried installing as in Inaba guide.
After all done it says it needs x server, run as root .....& giving password for my username when running with sudo, does everything, still same hanging.

Seems have to reinstal Ubuntu .

Many misunderstood me that i won't answer or reply if not my share holders.
My position for the past 10 days is to first satisfy current share holders by mining with 8 cards or at least maximum.
Then i think about other things.

If i goes about thinking how much i spend & balance sheet ...then i can't able to think about rig.
That's why i avoided questions about money spent. Soon after running the rig i will have enough time & i will post everything & also in spread sheet, as spread sheet is easier method to give amount received & amount spent....

Now i have no choice, since ubuntu 11.04 failed & very slow, i have in hand now debian 6.0.1 & archlinux-2010.05-core-x86_64.iso
I am going to try these 2, also downloading ubuntu-10.04.2-desktop-amd64.iso
So, which ever works for me with guide from Inaba, i am going to mine on that.

[rb2k]

Arch linux will require a LOT of commandline interaction before you end up with a usable graphical desktop.
I personally run a headless server and just SSH in, I'm happy with that.
But if you don't have a lot of Linux experience, I'd not necessarily recommend it. 
Why would you want to use Linux? Does it actually give you better performance? (Actual tests, not just people claiming things)

[dishwara]

OpenCL for windows don't allow more than 4 GPU's. That't the only problem i am going for Linux.
Coz i personally used windows for the past 12 -14 years & i know how to handle it , even though novice in programming.
But since mining refuses more than 4 GPU's i am forced to switch to Linux.

Also, i saw some saying for 100% CPU usage, have to send emails to AMD.
Sending emails to AMD won't work as it just returns to you.
But i found developer forum for AMD & especially OpenCL, where you can put your questions.
Check out these links.

I request all Bitcoin Windows & also Linux users to ask in AMD developer forum to make OpenCL supports more than 4 GPU's in Windows also.

Here is the link, i asked.
http://forums.amd.com/forum/messageview.cfm?catid=390&threadid=146241

Go for last unread post. my user name is dishwara there also.
If the developer team put their eyes in OpenCL then Windows can mine with any number of GPU's

[dishwara]

off topic.

by reading forum post found out a video of a guy doing pen trick, & in that page found a video which is hilarious.
Have fun.
http://www.clipaday.com/videos/drugs-you-shouldn039t-do-while-driving

[dishwara]

Sorry SH, i was not well, so can't post/update.

I installed Ubuntu 10.4 & then got lite fever, so can't able to work due to body pain.

Now i switched on pc with all 7 cards & gone through steps given by Inaba.
Everything went smooth & after reboot & login to Ubuntu, i got White screen & system freeze.
Nothing worked, so restart.
But before restart i got doubt that its due to different cards in same pc.
5870 & 6970.
3 nos. of 5870 is connected to 1st PSU which also connected to mother board with 24 pin & CPU with 4 pin connector.
4 nos. of 6970 is connected to 2nd PSU & 2 nd PSU is switched on by connecting pin green & black (Power on & ground)

I didn't switch on 2nd PSU, switched on 1st PSU only & Ubuntu working fine & mining with 3 cards.

If some one have any idea, please share. I can't able to figure out where the problem is.

[bulanula]

Try using 8 cards.

Maybe the motherboard does not like having odd numbers of cards installed Could be UEFI bug you never know etc. !

[dishwara]

have 7 cards only, if i add my 6870 that will make 8 card. But now got doubt that mixing cards may be problem.
so try with 3 5870 & 3 6970
Also, now got some suggestions/help from DiabloD3. Going to try that too.

[dishwara]

Those who want to run only one miner with more than 2 cards use Diablo's miner.

I with his help in windows able to run 3 5870 & 1 6970. Adding another 1 6970 crashes his miner also.
That confirmed that windows can't mine with more than 4 GPU's.
But still some are running with more than 4 GPU's in Windows, seems it happens if all cards are same 8 6970's.
Since here after going to buy only 6970's so in future can be able to mine in windows also.

About diablo's miner, it has a feature which all other miners lack for now.

In other miners, you select device from 0, poclbm its -d0, phoenix its -DEVICE=0, but in diablo device start from 1.

Just try this & u will see one miner mining in all cards u installed with only one worker.

Code:

DiabloMiner-Windows.exe -o api.bitcoin.cz -r 8332 -u YOURUSERNAME WITH WORKER -p PASSWORD OF WORKER -v 2 -w 128 -f 1

You can see, their is no where device mentioned. If you want to mention particular device then use -D 1 (capital D, small d is for debugging)
If you want to use all devices, then don't use -D at all.
Its a great feature not known to many as DiabloD3 not published so far directly in 1st post.
His miner sends data to pool from one miner only instead of 8, which may reduce pool data receiving & bandwidth.
With his miner you don't need to run 4 miners for 4 cards, just one miner is enough for 4 cards.
Try it.
Use affinity in task manager to reduce cpu usage.
Use "DiabloMiner-Windows.exe -h" in cmd for all parameters.

[dishwara]

SH, short update.
After posting the last post, instead of installing Ubuntu, i tired Linuxcoin & it detected the 3 5870 & 3 6970 connected.
It took some time for me to give correct mining details in the start_mining terminal for the 6 cards. Not easy.
Anyway, i just let it run for 5-6 hours then try to update, that made restart & since no persistence, i just gone to windows & mining with 4 cards till now.
So, it just some wrong installation in Ubuntu 10 that made crash. Going for Ubuntu 11 by removing gdm as DiabloD3 said.
gdm is causing all the slowness. Uninstalling it & running startx will make system faster.

Also, got call from shop that the 2 5870 ordered arrived & now sent payment through NEFT, it will take 4-5 hrs or a day, then only he give card.
paid for 1 CMSPG1200W & 2 nos. of MSI 5870 + 4 belkin gold series surge protectors.


DiabloD3 also said some are running with 8 GPU's in windows. It seems it happens when all GPU's are identical.
Since, i got 3 + now another 2 5870 & no more 5870 is going to available, i just remove 6970 from mobo & run with 5 5870's in windows.
If that works, then i have to buy another mobo with only 5 slots (1x,16x ) & just have it as separate system & can mine in windows.
Then i have to increase 6970 cards in big bang & also mine in windows (as already 4 is from MSI & can buy another 4 from them). For that i need money. It will take 2-4 days for me to confirm.

In hand have around 50000 INR, which is to pay the electricity bill. since now in domestic, (i haven't changed so far due to 8 card not mining, also need more money for deposit..) don't know what they will do this month. In 1 or 2 days they visit to get reading from meter.
Then only can know they ask to pay in domestic or commercial. Also they will ask to pay same amount or more as deposit.

I also bought a 3 star whirlpool 1 ton aviator air conditioner last month.
I didn't use SH money for that, but bought from my own money using EMI.
I actually have no intention to buy air conditioner now, but the heat from card made me & my parents sick with outside temp also in 38C-41C.
My dad is in CAPD(dialysis for kidney failure) & have to pay BAXTER to get medical supplies.
So to pay the installment to baxter, i sold a gold jewel i had which gave me enough money to pay for installment & also for air conditioner.

Since i bought air conditioner for my own purpose i can't use SH money for that. But to pay electricity bill, i have to use SH money.
It takes around 1200W per hour same as a PSU.

I post update after installing & running in Ubuntu 11.04

[dishwara]

sorry share holders.

I came to understand the real truth that i was/am/will not fit to run a company.
Already i once got name thief, i don't want to get it again.

Just now motherboard got busted.
First i thought it was PSU, but it seems motherboard, as i removed PSU & checked it with a fan & its working fine.
Connecting to motherboard & switching on does nothing.

Also, from this i learnt i am not fit to run this or any other company.
Motherboard is in warranty, but i am not sure, they will repair it, coz it seems it got blown out due to having 8 cards.
Even though 8 cards get power from PSU only.

Also, with this, even i repair & run, i will get another problem & i know i don't have management capability or administration capability to fight again & again.

So, before again anything blows out, some one please take this.
Here no one will buy the hardware & even if they did, they will ask for less than half price.

I don't even know how to send to any other country, as fucking customs & transport will do anything for bribe but not for truth.

If anyone ready to take , i am ready to send.

I have one MSI big bang marshal motherboard(If got repair & replacement)
4 nos. of MSI R6970 Lighting cards
2 nos. of MSI R5870 lighting cards
2 nos. of ASUS EAH5870 cards
1 Sapphire HD 5870(bought as used one)
3 Cooler Master SPG 1200W PSU.
1 4GB Corsair 1600 Mhz RAM
1 Intel i5 2400, 3.1 Mhz , LLA1155
1 250 GB Seagate Baracuda 7200 RPM HDD
6 Belkin gold series surge protectors.
4 cooler master 120 mm black fan
8-9 zebronics 120mm blue led fan.
21 nos. of 1x extender cables.
2 nos. of 16x extender cables.
& now in transit, 6 nos of 16x extender cables & 3 nos. of 1x extender cables.
1 AOC 19 inch LED monitor, 1 Microsoft PS/2 keyboard & 1 Microsoft USB mouse.

800 INR worth slotted angles.
1 4GB sandisk cruzer edge.

I think thats it, If i found any thing, i post in next post.

All are bought new & used only for less than a month. Bought after 19th may 2011 only, except the Sapphire 5870 card, which also bought after may 2011, but it was bought from ebay as used one.

[dishwara]

I forgot , ~18-20 bitcoins in mtgox & also some ~14 coins mined, can see in the wallet id. Also ~50000 INR as cash to pay last & this month electricity bill.

[rb2k]

So what you say is that all the shares are worthless and you can't even sell the hardware?

[Ben Walsh (beamer)]

dishwara - once the GLBSE exchange is back up, I suggest you sign a piece of text (perhaps the content of the last two posts) using the private key that pairs with the public key which was placed in the contract.xml file placed on GLBSE.

This will confirm to all shareholders the content of the last two posts came from the CEO of the company DISHWARA, as listed on GLBSE.

Rather than, for example, some person who has managed to acquire access to the account of the user dishwara on this forum.

[wahbasah]

Rather than, for example, some person who has managed to acquire access to the account of the user dishwara on this forum.

I'm crossing my fingers for this one

[demonofelru]

I'm not sure what you are trying to say dishwara, are you giving the hardware away for free if so it would be better to sell the hardware even at less then half and give that percentage back to share holders.  example being let's say it cost $10,000 for hardware you find someone to buy for $3,000 you sell and shareholders all get .3 BTC.  sure we don't get everything back but that was the risk of investing .3 BTC is better then nothing.

[agaguk]

So basically, you're telling us, your share holders, that all the money we invested was for nothing?  You were doing a great job at maintaining the company.  Your motherboard busted.  So what? You'll probably get a new one in less than 2 weeks if you contact MSI.  Some people have invested the equivalent of thousands of dollars in your company, and you come and tell those people, who helped you make this great company that you have, that all their money is gone now?  I understand that those are the risks of investing, but really, basically go bankrupt because of a broken motherboard?

I think it'd be great of you signed your message.

[Tawsix]

PM sent.

[demonofelru]

Another thing you could do is just post it on selling board here, or do biddingpond.  I have no idea why you think just giving away the hardware is the best option for your shareholders.  It's quite doubtful giving it away to someone would be good they most likely would not continue to reward shareholders at all. As I said I'm glad I didn't invest a lot I believe your hearts in the right place and you're a good honest guy, you're just WAY too emotional IMO.

[Nefario]

I'm not sure what to make of this.

I've contacted dishwara, and until I'm able to find out just what the situation is and what can be done I'm going to lock this thread.

Otherwise people are going to be exploding all over everything.

I'd like to ask everyone to please be calm and patient, and I'll try to see if I can work things out.

Nefario.

[Nefario]

So to clarify, Dishwara is NOT going to be just giving the hardware away.

We're working on what options are available (including continueing as before if possible, but no guarantees).

I'll post updates here.

[Nefario]

OK, so here is a link to a thread outlining the basic deal with DISHWARA.

http://forum.bitcoin.org/index.php?topic=8167.msg274429#msg274429

Essentially DISHWARA is being taken over by SIN, in practical terms it's a shareswap.

I need to think how this will work in practice.

This thread is now open to discussion.

Nefario.

[dishwara]

2 motions id 13 & id 14 are for vote.
Please vote.
SIN owner Tawsix ready to take all hardware for his shares. He also put vote in his thread & glbse for his share holders approval.
His proposal is to give 968 of SIN shares in exchange of all the hardware.
Shipping will be done once voting is over & his share holders acceptance.
With his shares, DISHWARA get dividends & i will that dividends to DISHWARA share holders.
You can read fully in vote.


For the past 8-9 hours i was in shop to sort out mother board problem.
It didn't worked for many hours & suddenly started working. have no clue.
I am going to test it with all the hardware & then i have to ship.
So tonight i will try to test all hardware & if everything is fine, tomorrow i have to get the shipping cost for his place then i ship all hardwares.
I also emailed him to remove slotted angles as, it weights around 15-20 kgs & price is less than 20 USD.
It will just increase weight & shipping cost.

Since mother board working, i also asked him to add mother board.

After complete testing with hardware, i finalize him.
I hope i will just ship everything, so my share holders at least get their investment.

To the non share holders who asked me questions, irritated me for future share holders, I hope will be happy very happy, since i hand over DISHWARA.

Thank you for lightning me with the truth that i am not worth to run business, management & administration.

Share Holders, please vote.
Thank you.

[demonofelru]

It looks like they are not too keen on the idea so far.

[BioMike]

Dishwara, send you a PM.

[dishwara]

SIN share holders are not happy to give 900+ shares in exchange of equipment.
Also his proposal has come down to 533 shares of SIN as his share holders resisting. I think its going down as much as it can.

so, i decided to do one thing. I try to run miner with as much as i can. The electricity bill to be paid is very important here.
I mine coins, pay electricity bill & with remaining coins take back my DISHWARA shares back at 1 btc per share or less, which is best for me.

I have no idea when will i complete this, as due to huge increase in difficulty , the mining with the current rig gets impossible.

This is at most i can do. Since Tawsix share holders are not happy, they will even create problem with Tawsix itself. I don't want to put my burden on some other. I am already broken, don't want to create problem with another company.

So, i mine with the current hardware now & try to buy back DISHWARA at the initial price or less, which helps me best.

If that too fails. DISHWARA first mining company to start in GLBSE.com, The first company to gave dividend & also DISHWARA will be the 1st company to close or to run away.

As a share holder, i know how many scolds, curses, spits on your mind running right now that i am cheating.
so, if you want t call me thief, scammer, cheater anything you want to call, call. My mind getting hard & hard, so i am not going to worry your curses much.

Their is a force above us, i won't call it god. coz god never exists. that force knows my trustfulness. That is enough for me now & forever.

I am sure trolls are very happy now, that they didn't invested & brought me down completely.

I salute you trolls, with out even wasting a bitcent, you proved you can bring me down. Hats off to you.

[demonofelru]

SIN share holders are not happy to give 900+ shares in exchange of equipment.
Also his proposal has come down to 533 shares of SIN as his share holders resisting. I think its going down as much as it can.

so, i decided to do one thing. I try to run miner with as much as i can. The electricity bill to be paid is very important here.
I mine get coins & take back my DISHWARA shares back at 1 btc per share or less.
I have no idea when will i complete this, as due to huge increase in difficulty , the mining with the current rig gets impossible.

This is at most i can do. Since Tawsix share holders are not happy, they will even create problem with Tawsix itself. I don't want to put my burden on some other. I am already broken, don't want to create problem with another company.

So, i mine with the current hardware now & try to buy back DISHWARA at the initial price or less than that.

If that too fails. DISHWARA first mining company to start in GLBSE.com, The first company to gave dividend & also DISHWARA will be the 1st company to close or to run away.

I am sure trolls are very happy now, that they didn't invested & brought me down completely.

Thanks for at least trying dishwara, as I've always said at least you seem to be a honest well meaning guy.

[agaguk]

These are GREAT news dishwara.  I think I can speak for all of us, your shareholders, when I say that we really appreciate your courage, and your determination.  You have gone where many of us would give up!  Thanks a lot!

Ps. Am I the only one who still can't get on GLBSE?

[kgo]

Hey dishwara, I'm not sure how the pricing works out, but it seems like things got really complicated when you tried to run more than four cards on one motherboard.  maybe it's worth running a rig with 4 cards, and trying to sell the other cards for bitcoins, or something like that.  ( I would even suggest buying another motherboard for the other cards, but I know you don't want to invest any more capital.)

Anyway, glad to here you're going to keep up the good fight.  Don't let the trolls get you down.

[BioMike]

So, i mine with the current hardware now & try to buy back DISHWARA at the initial price or less, which helps me best.

I'm all for this solution. I guess everybody should put up their shares for sale against a price that they expect to get for it (more then 1 BTC wont get them sold, but a lower price might get them sold earlier). I guess you also have some BTC in your wallet. I see 20BTC@99999999 ATM, so you might want to start buying those, or wait for my bid which will be lower.

I didn't spend my last dividends I got from you, so I'll use them to cover the loss that I get from selling my shares for a lower price. I guess that's fair for both of us (I get the initial invested value of BTC back and you'll get a lower price). We do however need to coordinate this transaction to prevent someone else from buying my shares and reselling them to you for a higher price (then you won't get the benefit of the lower price).

Also already start selling hardware that you don't use and buy bitcoins for the money you get for them.

Edit:
Dishwara, I'll put my shares up for 0.9691280 BTC each (153 shares).

@Nefario, can you tell how this should be done? (selling back to dishwara without someone buying them and reselling them to dishwara for more)

[BioMike]

Shareholders, here are the amounts of dividends that were paid out to use in your calculations if you go the same route as I:
1st dividend on 30 may 2011: each share got 0.02452054 bitcoins
2nd dividend on 13 june 2011: each share got 0.02644 bitcoins.

[dishwara]

Whoever put their share prices whatever they like.
I am gone beyond to worry about anyone now.
As i was hammered enough to close the company i started.

so, i WILL only buy the shares which is 1 BTC or less & those who wanted to sell for 1000btc sell, no problem to me ,
as i am never going to buy more than 1btc.

@BioMike, don't worry if some one buys your share, even they buy share, they have to sell for lower price only as i am not going to take back more than 1 btc. It will be always less than 1 btc. so if some one buys yours, then he will be the next fool, besides me.

Also, i don't have coins to give dividend, so selling at high price to me won't work.

First i have to pay the electricity bill. They usually give the reading on 20-23th, but so far no one came.
I heard they changed schedule for 1st of every 2 months. So, after they give & pay the electricity bill only, i can able to buy back shares as i have no idea how much i have to pay.

They can just convert domestic to commercial & ask 3-4 times the amount. Also they ask to pay deposit which is equal to the amount or more.

So, nothing is predictable now.

I heard 11.6 makes Windows to to mine more than 4 GPU's.

I tried with win 7 on rig & it installs, but again & again i get error that no AMD driver is installed.

If some one knows 11.6 works, if you want tell me, as it will make me to run at much higher speeds with overclocking to mine as much as coins possible.

[BioMike]

@BioMike, don't worry if some one buys your share, even they buy share, they have to sell for lower price only as i am not going to take back more than 1 btc. It will be always less than 1 btc. so if some one buys yours, then he will be the next fool, besides me.

My point is is that you will be paying 4.5 BTC extra (because the price is then still below 1 BTC/share), while not needed. 4.5 BTC is quite some money (or 4.5 share that you could buy back quicker).

[rb2k]

For some reason I can't seem to sell using the commandline client...

$ ./bmc.py sell 1 DISHWARA 99000000
Enter passphrase:
Server error: couldn't connect to host.


Anybody know what's up with the server?

[BioMike]

For some reason I can't seem to sell using the commandline client...

$ ./bmc.py sell 1 DISHWARA 99000000
Enter passphrase:
Server error: couldn't connect to host.


Anybody know what's up with the server?

Get a newer version of the client, they changed hosts (apparently the client doesn't use DNS)

[speeder]

Ok... so what is going on now?

Dishwara will stop mining with the DISHWARA rig and will mine only with his personal rig or something?

[BioMike]

Ok... so what is going on now?

Dishwara will stop mining with the DISHWARA rig and will mine only with his personal rig or something?

Dishwara will keep mining with the rig and the BTC it yields he will buy back shares against 1BTC each or less.
In the end he will own all of his shares and the rig is his to keep (unless he isn't generating enough BTC, which
would make him to sell his rig and divide that under the shareholders and the shares will become worthless, but
this will not completely cover the investments people did).

[speeder]

So, no dividends anymore?

[BioMike]

So, no dividends anymore?

Nope. Dishwara quit, you should be happy that he buys the shares back.

[speeder]

I will be when GLBSE starts working again so I can sell the shares :/

[dishwara]

The below links, 2 links. one for USD & another for BTC. This 2 links has spread sheet which is filled with data received from Mtgox with out any modification.
Mtgox now allows (or i came to know, only now) to download entire transaction happened with in the mtgox account in both BTC & USD form in CSV file format.
I downloaded the file, converted & uploaded to google spread sheet.
You can from this can easily able to calculate how much BTC i sold & how much USD i got.

Shares issued on 5 May 2011.
http://forum.bitcoin.org/index.php?topic=5750.msg105527#msg105527

On 5 may 2011, 1 BTC = ~3.5 USD
Below is the chart from mtgox in jpg form.


 

USD
https://spreadsheets.google.com/spreadsheet/ccc?key=0AtZcmwL5qvlUdFFwc25rTTRna0tjWmxlTVlYZVExTkE&hl=en_US&authkey=CPCugZEN

BTC
https://spreadsheets.google.com/spreadsheet/ccc?key=0AtZcmwL5qvlUdGhMbElnT085RXh6X2k3WmpHbDlDYkE&hl=en_US&authkey=CMjivdsE

From the above spread sheets, i found out that i have converted BTC to 7082 LRUSD

Code:

Thu 10 May 2011 05:14:04 AM JST OUT 6efeb215-c180-4daf-baa8-63ea59b7098e $193.00000
Fri 13 May 2011 03:38:00 PM JST out a6a3b738-28c0-4b0e-ac85-1292f772639a $821.00000 
Mon 16 May 2011 10:18:31 PM JST out c4c7be53-fdd3-4666-8ff9-f74c0a552893 $810.00000 
Thu 26 May 2011 11:40:27 AM JST out 48e94b33-56a3-436d-8d0b-e2415a7f765e $798.00000 
Wed 01 Jun 2011 10:06:13 PM JST out 8838c309-b8d7-4657-82b3-7f448c34946f $460.00000 
Sat 04 Jun 2011 07:51:45 PM JST out b7bc369b-699a-431e-aba6-33a03fe6b3cd $1,000.00000
Wed 08 Jun 2011 01:38:09 PM JST out 296e237d-af5f-4a34-90b3-a5352e424743 $3,000.00000 

It also includes my personal mined coin also from my HD 6870.

Soon, i upload another spread sheet with all the hardware purchased & its price , date....

[tomcollins]

lol @ anyone who bought shares.

bump

[speeder]

lol @ anyone who bought shares.

bump

I will now sell the shares I have to DISHWARA.

If he buy back them all at 1, I will have ended this endeveaur with profit.

If not, THEN you are right.

[Sukrim]

If he does, he screws over all other shareholders since in total the assets are most likely not worth as much as what came in via investors.

The proper way would be to mine as long as he wants to/can, then sell everything, convert that to BTC, final payout and that's it.

If he can only buy back half of his shares (for example) - what happens to the other 50% of shareholders? It would make no sense for DISHWARA (the company) to buy back it's shares.

[speeder]

I think Dishwara does not want to mine anymore.

Thus he wants to buy back all shares and then shutdown.

[Sukrim]

I think Dishwara does not want to mine anymore.

Thus he wants to buy back all shares and then shutdown.

so, i decided to do one thing. I try to run miner with as much as i can. The electricity bill to be paid is very important here.
I mine get coins & take back my DISHWARA shares back at 1 btc per share or less.
I have no idea when will i complete this, as due to huge increase in difficulty , the mining with the current rig gets impossible.

When doing some calculations about profitability and difficulty I can only recommend to sell the stuff, convert to BTC, pay out and quit. As it currently looks, there's no freakin' way on earth to mine this amount of BTC with 1-2 mining PCs (which seem to fail more often than run as well). Buying back shares only means that you give a few shareholders a chance to get away with few losses but screw over all remaining shareholders who then take 100% losses.

[speeder]

Sukrim

His machine even if take a long time, can eventually buy back 100% of the shares.

Unless difficulty go up like 500% in next months... Then :/

[speeder]

Any update DISHWARA?

What are you doing right now?

[Vladimir]

4 nos. of MSI R6970 Lighting cards
2 nos. of MSI R5870 lighting cards
2 nos. of ASUS EAH5870 cards

may consider taking on PSU's and other 5870 card too, depending on price/valuation.

Ship these to me. I will take them in at 75% of fair market value. Will create my standard mining contract (440£/month 4 Month minimum), will drop minimum 1 Ghps requirement and will calculate generation capacity based on value of hardware received. Will pay daily or weekly to a specified set of bitcoin addresses in specified proportion with zero-variance delivery.

Not sure if this is helpful or viable to you, but this is what I can do to help.

[speeder]

What you are proposing is to run DISHWARA in place of Dishwara himself?

(ie: you send profit to DISHWARA address, and Dishwara pay dividends or re-buy the shares)

[Vladimir]

What you are proposing is to run DISHWARA in place of Dishwara himself?

(ie: you send profit to DISHWARA address, and Dishwara pay dividends or re-buy the shares)

Not exactly, I propose to exchange hardware for my 4 month mining contract. Can make regular transfers on this contract to any set of bitcoin addresses in specified proportion. It can be one address (dishwara) or it can be a few addresses (shareholders). Up to you.

[demonofelru]

4 nos. of MSI R6970 Lighting cards
2 nos. of MSI R5870 lighting cards
2 nos. of ASUS EAH5870 cards

may consider taking on PSU's and other 5870 card too, depending on price/valuation.

Ship these to me. I will take them in at 75% of fair market value. Will create my standard mining contract (440£/month 4 Month minimum), will drop minimum 1 Ghps requirement and will calculate generation capacity based on value of hardware received. Will pay daily or weekly to a specified set of bitcoin addresses in specified proportion with zero-variance delivery.

Not sure if this is helpful or viable to you, but this is what I can do to help.

No offense but that is WAY overpriced.  1 ghps is roughly .75 BTC a day, if he sold all of his stuff he might be able to get at least 100 BTC.  At 75% fair value we would get about 500 mhps for 4 months which would be roughly 37.5 BTC if difficulty stays the same which is very doubtful it is scheduled to increase roughly another  200,000 in just a couple days.

Edit: and if we sold for roughly 880 pounds we could get roughly 88 BTC at current market price right away and to have to wait 4 months.

[Vladimir]

It's a "take it or leave it" kind of offer, overpriced or not. If you do not like it do not take it. Simple really.

[demonofelru]

It's a "take it or leave it" kind of offer, overpriced or not. If you do not like it do not take it. Simple really.

It's not my choice but I would definitely vote no, it would be stupid to accept and I'm sure dishwara would realize that. Simple really.

Edit: In fact I would offer to buy it for double whatever the projected generation would be that you would offer from current difficulty 1379223 is.  I haven't done all the math but that would be around 70 BTC and that would be a lump sum, and with current difficulty that is scheduled to rise and consistently does so roughly every 2 weeks.

[demonofelru]

It's a "take it or leave it" kind of offer, overpriced or not. If you do not like it do not take it. Simple really.

It's not my choice but I would definitely vote no, it would be stupid to accept and I'm sure dishwara would realize that. Simple really.

Edit: In fact I would offer to buy it for double whatever the projected generation would be that you would offer from current difficulty 1379223 is.  I haven't done all the math but that would be around 70 BTC and that would be a lump sum, and with current difficulty that is scheduled to rise and consistently does so roughly every 2 weeks.

In fact that's what I'll do, I offer dishwara 70 BTC -1 for my share so 69 BTC for the GPU's.  Even that is very underpriced IMO and he might be able to get more just from posting on selling thread but I'll see what dishwara says.

[dishwara]

I am trying to sell or get loan from my land.
It will finalize this week.
I will then have around 6000+ USD to buy bitcoins.
I will buy bitcoins & then divide that with total shares i have to buy & i will bid for that price.
Those who are ready to give shares for that price give.
Due to my hard disk not able to detect by bios, seems hard disk circuit board burnt, & recovering data will cost 1000+ USD, I can't able to take the 19+ bitcoin in that wallet.dat
So, i changed address.

[Ben Walsh (beamer)]

Vladimir ...
Getting really disgusted by your profiteering from the Bitcoin community. At your prices you are already making an obscene margin. Now you swoop in like some vulture offering 75% of a fair value - by definition unfair. Go pick over someone else's carcass. Truely shameful.

Please don't reply with some bullsh!t comparison to some rare alternative way to invest dollars which would have lossed everything. Reply with a comparison to mining using my own purchased kit, compared resell value of the kit, compare break even points, compare your prices with those of your competitors and justify the massive difference.

[demonofelru]

I am trying to sell or get loan from my land.
It will finalize this week.
I will then have around 6000+ USD to buy bitcoins.
I will buy bitcoins & then divide that with total shares i have to buy & i will bid for that price.
Those who are ready to give shares for that price give.
Due to my hard disk not able to detect by bios, seems hard disk circuit board burnt, & recovering data will cost 1000+ USD, I can't able to take the 19+ bitcoin in that wallet.dat
So, i changed address.

Oh man that sucks I guess no backup?  With all these failed components maybe the electricity wasn't good.  Anyway thanks for keeping us updated.

[Vladimir]

Vladimir ...
Getting really disgusted by your profiteering from the Bitcoin community. At your prices you are already making an obscene margin. Now you swoop in like some vulture offering 75% of a fair value - by definition unfair. Go pick over someone else's carcass. Truely shameful.

Vulture offering it is indeed. But come on.... this way you do not have to be worried about failed motherboards and hard drives. Welcome to the capitalism, my friend.

Please don't reply with some bullsh!t comparison to some rare alternative way to invest dollars which would have lossed everything. Reply with a comparison to mining using my own purchased kit....

Yea right... Professional work cost money. Why shall I compare it with zero wage hobbyists or fees amateurs charge? Why would you expect me to take used (and probably abused) hardware at the price of new?

Did you ever used services of a plumber? Did you pay him 10 times what it would cost you to do the job yourself? What about taxi drivers? Did you ever paid for a taxi ride? Was it more expensive than it would take you to drive yourself? Why do you think I should work for you for free?

But if you prefer to lose it all to endlessly failing hardware, pool charges and other inefficiencies, be my guest.

and while we are at that... If instead of buying your shares you bought my mining contracts at the time, do you think you would be better off now? I do not know the answer, really, but it seems not so inconceivable, feel free to do the math.

[zerokwel]

I may have a suggestion that may please everyone to an extent. And at the same time limits exposure.

Ok how many shares in total are outstanding to shareholders and at what value. I guess at most 1btc each ?

The reason I ask is Depending on the value outstanding I might offer to do a buyout. dishwara sends me the hardware. I could have 2 Bran new motherboards sitting here ready for video cards psu's etv to be plugged into.

And depending on how many shares are outstanding and value depends on the return I could offer to investors.

What I propose. Is the hardware gets shipped to me I will start mining and start buying back any outstanding shares.

This will at lest make sure the investors get a return. buyback of shares over time.(depending on hardware value shares outstanding).

So its kinda like a transfer of assets and debt.

Oh BTW if we reach an agreement. The equipment will not be in a mom's basement but a dedicated building that's connected to the main house which has its own 240v 32a ring. So power is not an issue. 

[Vladimir]

Dishwara, you've got at least 3 interested parties here. I suggest to set up an auction.

I'd be happy to participate. After all as I said in http://forum.bitcoin.org/index.php?topic=2883.msg43496#msg43496 "giving refuge to customers of competitors who go belly up" was always a part of biz plan.

[speeder]

@zero

Dishwara sold 700 something shares I think...

Thus that would be 700 BTC for what you want to do.


If my power was any better than Dishwara, I would make some offer to run the company myself too, but the power in my country is also very crap to the point that the most important companies here build their own private power stations.

I work in a datacenter monitoring company (among other things), and even with datacenter there are power problems and hardware failures because of power instability, thus I cannot help :/



But if someone make a good proposal to take over dishwara, I am all for it.

[Reikoku]

I'll offer for all of the GPUs if they're working.

[speeder]

I'll offer for all of the GPUs if they're working.

They are.

Seemly only one motherboard misbehaved once but is fine now, and a hard disk (with 19 BTC in it) has the controller board borked (not expensive to fix by the way, if you find the right people).



So, how much is your offer?

[zerokwel]

Dishwara, you've got at least 3 interested parties here. I suggest to set up an auction.

I'd be happy to participate. After all as I said in http://forum.bitcoin.org/index.php?topic=2883.msg43496#msg43496 "giving refuge to customers of competitors who go belly up" was always a part of biz plan.

I agree that way you can do what's best for your investors. I know what my risk exposure limit is would I be and how I would handle it. So far it looks like you have a few offers

1. Buyout of hardware instant BTC
2. buyout for 4 months 1ghash/s
3. transfer of ownership (hardware & debt) and buyout over time of all shares at a reduced rate

[Vladimir]

Just a quick clarification. I am not offering specifically 1 Ghps, it could be 0.46 or 2.15 or 12.345 Ghps, depending on valuation of assets.

But the best for shareholders would be simple setting up an offer and allowing interesting parties to bid on it, kind of like a tender.

 

[dishwara]

I am trying to sell locally so that i get money quickly.
Besides, i am also as said before, trying to sell/get loan for my land.
Everything is in process. I hope, it will finalize with in this week.
Total shares released are 726.
I already bought 92.
Remaining is 634.
As said before, i will try to get 6000+ USD & buy bitcoins on that day itself.
Then divide the bitcoins by share.
For theory, today's rate seems ~15 USD per btc.
so for 6000 USD i get ~400 BTC.
400/634= 0.63 btc per share.
means i will try to buy back all the shares @ 0.63btc per share.


The hard disk crashed is not the one in the mining rig.
Its my personal hard disk bought 2 years ago with all my personal data's.& all back ups & it's the only back up i had.
I used the hard disk to store portable bitcoin software thinking since it don't have any OS, it won't give any problem.
Now it gone with all my important details besides 19 BTC.
I hope it will be recovered.

Never thought it crash, same as closing DISHWARA, which i never thought.
My fate makes me to close/end everything in quick sessions.

[speeder]

Dishwara

Although I will lose 100 BTC on this (roughly), I must say that this was a good ride.

I am pleased to have taken part in this experiment.

[zerokwel]

I am trying to sell locally so that i get money quickly.
Besides, i am also as said before, trying to sell/get loan for my land.
Everything is in process. I hope, it will finalize with in this week.
Total shares released are 726.
I already bought 92.
Remaining is 634.
As said before, i will try to get 6000+ USD & buy bitcoins on that day itself.
Then divide the bitcoins by share.
For theory, today's rate seems ~15 USD per btc.
so for 6000 USD i get ~400 BTC.
400/634= 0.63 btc per share.
means i will try to buy back all the shares @ 0.63btc per share.


The hard disk crashed is not the one in the mining rig.
Its my personal hard disk bought 2 years ago with all my personal data's.& all back ups & it's the only back up i had.
I used the hard disk to store portable bitcoin software thinking since it don't have any OS, it won't give any problem.
Now it gone with all my important details besides 19 BTC.
I hope it will be recovered.

Never thought it crash, same as closing DISHWARA, which i never thought.
My fate makes me to close/end everything in quick sessions.

That's a shame I was willing to come up with an offer that would of saved you having to spend so much on a loan and well also helped pay off the investors. Ah well if you change your mind feel free to pm me

I do believe you had a fantastic Idea tbh something I may try myself on the market.

[dishwara]

I have 17 coins now, which is mined, so i put a buy order of 34 shares at 0.5 BTC each.
Those want to sell, can sell.
Since there is no way to know it is from me, i see one option, twitter & posting here.
My order of buying 34 coins shows in twitter as
buy:34@50000000:DISHWARA:1309982432

[dishwara]

some one sold some shares at 0.60 & .0.59. Bought that shares.
Now have 116 shares out of 726.
726-116=610 have to buy.
Also put bid for 6 shares @ 0.59
buy:6@59000000:DISHWARA:1310034542

[BioMike]

Dishwara, any updates?

[dishwara]

Tried & tired with more than 5 banks, private & govt banks to get loan on land.
Even though the land i try to sell has minimum value of 2 million INR, one fourth 0.5 million INR i asked & no bank ready to give.
Only one reason they are telling, NO loan on agricultural land.
I don't understand where India is going, with out agriculture nothing to eat & banks don't even care about agriculture land.
So, gave ad in local paper to sell land & waiting for some approaches.

[dishwara]

Due to delay, i paid another dividend, may be 3 rd one.
Each share gets 0.01652892 btc.

[speeder]

Gave up on buying back the shares?


Also, I think someone still believe you, I saw some shares being traded at higher than 0.63 (the price you offered to buyback), this mean that someone still think he can profit by buying shares above that price.

[dishwara]

I am buying back the shares. It never stopped & not going to stop.
The trade you saw is the shares i bought only.
0.79 btc, 0.85 btc....
I have 129 shares now.
With the coins mined i buy back some shares. But that also makes me not doing fair to other share holders.
as, when i buy pack shares at mass, the value may be 0.6 or less or more.
Since they giving me time, i gave a dividend, like giving interests.

[BioMike]

Bitcoin price is dropping, so maybe at some point it might be profitable to just buy some bitcoins to repay for your mining rig.

[dishwara]

The price drop actually gives me more problem than help.
Yes, once i get money i can buy shares at less price.
At the same time the price drop makes my profit less or nil.
Last 2 month electricity bill came at ~10000 INR that's ~220USD domestic.
Due to heavy increase in power drawn, they them selves advised me to apply for 3 phase consumer supply.
With the 50000 INR i had, i paid the bill & also applied for new line & most of the connection work done.
Still waiting for the EB to give meter & connection.
Daily i am getting around 90KWH power consumed, which i checked in old line.
That means at the current system configuration, totally 8 cards mining, for 2 months the average total consumption will be 5400KW that's 5400 units.
Total amount to pay on September 2nd week(July & August bill) will be 5400*7= ~37800 INR.
Also, they will ask to pay same or more as deposit.
So, i have to pay ~80000 INR, that's ~1800 USD.
Currently i am getting 2 coins/day. Even i get same amount after 60 days, then it will be 60*2=120 coins.
120 BTC = 15*120 USD = 1800 USD.
This all calculation with out deducting commissions on selling bitcoins, withdrawing LRUSD, converting to INR.
This means for 2 months i can't pay any dividend & also can't buy any share with the coin i mine.
More problem for me than i can handle.
I am waiting for some to approach to buy land.
If even i get advance for land then i buy shares & with the coins i pay next bill & also deposit.
If the price of btc drops further then i face more problem as not paying electric bill, they just pull the plug & i won't get any power.
I have to pay total amount + fine + some bribes to get connection again.

[BioMike]

If that's the case, just shut the rig down until difficulty drops again (some people argue that difficulty and price are linked). You're not mining for the electricity company.

Maybe see how much you would get if you would sell some of the hardware, you might then even make a profit on that.
Example:
10 BTC (got from investors) => $300 (exchange rate at high time) => 1 card (used card for mining) => $250 (what you would get when selling again) => 22 BTC (dollars to btc at aprox. current rate).

These numbers are just fetched from the air, but I guess you could do some calculations on the data you have.

[zerokwel]

well my offer still stands and it would prob offer the best investment/return for the investors. (around 2 pages back)

I am starting up on the GLBSE. In the next few days with the same Idea. but have a dedicated building with its own 240v 32a line so can take 7000w or so without any changes. so power and heat is not an issue.

I think this was a good idea which could of worked out. pity it did not.

[speeder]

If that's the case, just shut the rig down until difficulty drops again (some people argue that difficulty and price are linked). You're not mining for the electricity company.

Maybe see how much you would get if you would sell some of the hardware, you might then even make a profit on that.
Example:
10 BTC (got from investors) => $300 (exchange rate at high time) => 1 card (used card for mining) => $250 (what you would get when selling again) => 22 BTC (dollars to btc at aprox. current rate).

These numbers are just fetched from the air, but I guess you could do some calculations on the data you have.

Unfortunately, DISHWARA was made when BTC was around 2, and several parts were bought when BTC was 8

[Vladimir]

it is like complaining "unfortunately I've started mining in age of CPU mining and spent lots of bitcoins on my CPU's"

[Sukrim]

Daily i am getting around 90KWH power consumed, which i checked in old line.

You use ~3750 Watts 24/7 for ~3100 MH/s?!

And yes, you would have been better off just holding on to BTC, making up some stories and paying a few dividends that are plausible - you would have more BTC this way now and less problems.

[dishwara]

Daily i am getting around 90KWH power consumed, which i checked in old line.

You use ~3750 Watts 24/7 for ~3100 MH/s?!

And yes, you would have been better off just holding on to BTC, making up some stories and paying a few dividends that are plausible - you would have more BTC this way now and less problems.

pardon, i don't understand. can you elaborate?

[Sukrim]

If you kept the income from shares (unfortunately information is scattered throughout this thread so I don't know exact numbers of how much of the IPO was sold) which was a few hundred BTC and handed out 100 of these BTC as dividends, you would have more money now than you have by buying stuff and having running costs.

Welcome to deflation, where only proper longterm businesses survive and give profit.

I also don't understand why, instead of buying back 12 or 13 shares as promised, you gave yet another(!) dividend!

If you meant the 3750W thingie: I divided the 90 kWh per day by 24, which means you use 3750W per hour to generate 2 BTC/day. For this you need a hashrate of ~3100 MH/s.

[dishwara]

If you kept the income from shares (unfortunately information is scattered throughout this thread so I don't know exact numbers of how much of the IPO was sold) which was a few hundred BTC and handed out 100 of these BTC as dividends, you would have more money now than you have by buying stuff and having running costs.

What you trying to say by this?
you saying i never bought any hardware so far & i KEPT the bitcoin i got from selling shares & giving dividend with that?

If you meant the 3750W thingie: I divided the 90 kWh per day by 24, which means you use 3750W per hour to generate 2 BTC/day. For this you need a hashrate of ~3100 MH/s.

I have 8 cards mining. 4 x 6970 & 4 x 5870. Any problem to you for mining with 8 cards?

I also don't understand why, instead of buying back 12 or 13 shares as promised, you gave yet another(!) dividend!

15-20 days ago i offered to buy around 40 shares,  a share for 0.5 btc. who sold to me?

[Sukrim]

If you kept the income from shares (unfortunately information is scattered throughout this thread so I don't know exact numbers of how much of the IPO was sold) which was a few hundred BTC and handed out 100 of these BTC as dividends, you would have more money now than you have by buying stuff and having running costs.

What you trying to say by this?
you saying i never bought any hardware so far & i KEPT the bitcoin i got from selling shares & giving dividend with that?

No, I am saying you would have been better off doing so. Not that you did.

1 single GPU then uses on average ~470W. That's a substantial overhead, considering the cards themselves use max. ~220W each on their own.

[kgo]

If you kept the income from shares (unfortunately information is scattered throughout this thread so I don't know exact numbers of how much of the IPO was sold) which was a few hundred BTC and handed out 100 of these BTC as dividends, you would have more money now than you have by buying stuff and having running costs.

What you trying to say by this?
you saying i never bought any hardware so far & i KEPT the bitcoin i got from selling shares & giving dividend with that?

No, I am saying you would have been better off doing so. Not that you did.

1 single GPU then uses on average ~470W. That's a substantial overhead, considering the cards themselves use max. ~220W each on their own.

Thank you, Captain Hindsight:

http://www.southparkstudios.com/clips/360430/captain-hindsight

[Sukrim]

I'd like to refer to the first page of this thread, where it was said multiple times that loaning BTC for mining is not a good idea if difficulty goes up.

To me this rather looks like the work of Capt'n Obvious!

[speeder]

What?!?

[Ben Walsh (beamer)]

We are certainly going to get a flush out of miners, if the difficulty keeps rising at the rate it is with little or no increase in USD/BTC rate.

That said, those in strong positions (SIN company ) will be able to buy up all the equipment that miners giving up dump, on the market, driving down their costs of production.

It will be survival of the fittest - those with BTC reserves and strong wills will live, the rest will die. The beauty (?) of capitalism.

Mining is a tough business indeed. Maybe it is also pointless with such little demand for BTC.

I think effort / resources / BTC would be much better invested in building BTC businesses and services, rather than mining yet more BTC - but short term greed prevails among the miners, who are basically only fighting each other, as always.

Half the reason I created the calculator in my sig, was to try to inject some realism into those mining / considering mining - particularly through the mining contracts.

[speeder]

Any news here?

[Nefario]

Any news here?

I think apart from me getting deported from the US it's been a fairly slow week with GLBSE.

[speeder]

Any news here?

I think apart from me getting deported from the US it's been a fairly slow week with GLBSE.

You went to US and got deported? (and where are you from?)

[Nefario]

Any news here?

I think apart from me getting deported from the US it's been a fairly slow week with GLBSE.

You went to US and got deported? (and where are you from?)

I'm Irish/British, and I live in China.
blog.glbse.com for details.

[dishwara]

I am still here. Haven't run away so far.
Trying as much as i can to get money in ways i can try. So far not a big improvement.
In between, since 2 cards are lying around thought about buying a gigabyte motherboard, which angered the big bang motherboard & from yesterday keep on restarting instead of booting, displaying code "45" in the built in LED display.
MSI replied its RAM problem & also told to remove CPU & clean dust.
Now even display not working & also testing RAM in another pc in shop showed RAM is fine.
Today, sent the motherboard to MSI & waiting.
New gigabyte may be available in 2 days.

If you still want, you can call me scammer, cheat, fraud.......I deserve it.

[speeder]

I am still here. Haven't run away so far.
Trying as much as i can to get money in ways i can try. So far not a big improvement.
In between, since 2 cards are lying around thought about buying a gigabyte motherboard, which angered the big bang motherboard & from yesterday keep on restarting instead of booting, displaying code "45" in the built in LED display.
MSI replied its RAM problem & also told to remove CPU & clean dust.
Now even display not working & also testing RAM in another pc in shop showed RAM is fine.
Today, sent the motherboard to MSI & waiting.
New gigabyte may be available in 2 days.

If you still want, you can call me scammer, cheat, fraud.......I deserve it.

I have patience

I do not think you will run away with my money

[dishwara]

Note/Advice/Tips/Guide to those who going to buy graphic cards.

I was fooled by some other fool/fools who designed graphic cards.
2 types of card design i see & i call it OPEN type & CLOSED type. I don't know what manufactures use to call.

Example for OPEN type card is R6970 Lightning card.
http://www.msi.com/product/vga/R6970-Lightning.html

Example for CLOSED type card is MSI R6970-2PM2D2GD5 card.
http://www.msi.com/product/vga/R6970-2PM2D2GD5.html

I bought 4 nos. of OPEN type, R6970 Lightning, since it is factory over clocked to 940Mhz & also has TWO FANS.
I thought since it has TWO FANS & ITS MILITARY DESIGN, it will run much cooler than the other type.
But i was WRONG.

Actually this is foolish design to use in a multi GPU card setup. This type of cards MUST NOT be used if more than 2 cards in a pc.

In my mining setup, 6 cards are connected from slot1 to slot6 using riser cables, with more than 1 inch gap between each cards.
The LAST card in slot 6 , grabs air from open, while the card before that grabs air from back of last card & it goes on.....with FIRST card getting air from back of second card.
Here comes the problem.
The last card runs cooler(65C) & the FIRST card runs HOTTER than all (>95C)

What happens here is the last card grabs air from outside & the card design allows air to come out of the card in ALL directions.
If you look at the card, you can see there is gap in ALL 4 sides of the card for the air to escape.
The fan grabs air, pushes to the heat sink & the hot air escapes from all sides.
The card before the last card, grabs the HOT air from last card, & gets temperature increased & air escapes through all sides.
As this goes on, the FIRST card gets hottest air & so the temperature of the card is very high.
Placing 6 120mm fans on top of cards don't reduce much temperature. Only up to 85C.

Here CLOSED type works better.
In closed type air is sucked from mouth of the card & it passes to the GPU & comes out of the ass(back) of the card.
Their is NO GAP for the air to escape in any side.
This makes the air coming out of card is VERY hot. But it cools the GPU.
Since it SUCKS air, even in multi card setup, it doesn't increase the heat of near by card, since the air never escapes on sides.
Air goes out only on cards ass.

But this type also has another problem.
Since it sucks air from mouth & release hot air through ass & NO GAP for air to escape in any side, DUST if accumulated on the ass will NOT allow the hot air to go out easily.
So, it needs to be looked in to every now & then to keep the ass clean.
If not the hot air will fry the GPU & you get BAD smell.

Any one object this or has some other experiences can share.
I want to know the pros & cons of the different design, so if i buy cards in future it must be a correct one.

[speeder]

Interesting info =D

GO DISHWARA!

[Sukrim]

As you seem to have pci extenders anyways, take a look at the sticky post in the mining hardware section.

There is no need to use a traditional PC case for bitcoin mining, actually (as you discovered) it can be quite inconvenient for the cards.

[dishwara]

I am not using pc case. If u go back some pages & posts u can see my open case made with slotted angles.

[BioMike]

Dishwara, anything to report?

[dishwara]

Trying......................

[speeder]

still alive dishwara?

[dishwara]

of course i am still alive.

[DiamondPlus]

Until i complete 1st rig to successfully mine, i can't go for 2nd rig.
If you thought share profit is also like price of bitcoins, which increases some 10000 times in weeks, its not.
I am doing as much as i can with calculated risk not to spoil anything.
So, it will be some what slower & also whatever i do, the increase in difficulty will definitely reduce the profit in terms of bitcoins.
But in terms of fiat currency, the profit you get will only increase & won't decrease.

If you are in rush & want to make quick money as bitcoin rate increases many times, i can't help you.
Instead of buying shares, you better sell your coins & make quick money.

I can only give slow, but steady profit in terms of bitcoins. But in terms of fiat currency, you calculate yourself.
Once, i get cables i ordered, i will be able to mine with 8 cards.
Also, before that i have to get new electric line, since so far i used domestic line, electrician told, the watt consume meter won't withstand load of more than 4000W.
I hope, with 1st rig in full mining capacity , the meter will start wobbling, so i have to go for industrial or commercial electric supply.
For that, i have to deposit & get a new line & here everything is slow & corrupted will take time or need high bribe.
I cant go for high bribe with my SH money, so have to wait, but will do as much as i can.
Don't worry about power tariff, i already told 6 INR per kilowatt hour, ie, i get ~7 kilowatt hour per USD.
This is commercial tariff only & it is the maximum price. So, if i go Industrial, i will actually get less bill.


Instead of others, they just start anything & go sky high in less time, i always face problems from starting itself & always will move forward by solving problems. So, i won't fall that easily as i don't go sky high & also i can't go below earth.
It is my both curse & gift.

-DiamondPlus

[dishwara]

so.?

[dishwara]

From 46 shares

https://bitcointalk.org/index.php?topic=16360.msg213439#msg213439

to 137 shares.

https://bitcointalk.org/index.php?topic=16360.msg481538#msg481538

I am trying my best i can. I am human only & never expected bitcoin price will drop to 1 BTC =~10 USD.

[speeder]

=D

I dunno if the shares you bought are mine or not, but it is good to see that things are still working

And I expect bitcoin to rise again (unless SolidCoin somehow takes over)

[Nefario]

Hey dishwara,

I think I can safely say that even though things have not worked out as you had hoped or expected; you deserve great respect for not saying "fuck this" and walking away from it all. You have shown that you are trustworthy, and even dependable.

I think for the moment you can stop trying to buy back peoples shares.

From now on, sell enough bitcoin to cover your electricity costs, if it doesn't cover your costs then you are better off not mining, wait for the price to rise before mining any more.

Insteal of buying back shares, I would think it might be a better idea to start paying dividends, and just inform your shareholders that as long as mining is profitable you will continue to pay dividends.

When you no longer want to continue, sell the equipment (even for a loss on what you paid, that's not a terrible thing) and use the money to buy bitcoins, then use this to make a final dividend payment and then forget about it.

You know, if you were interested you could use GLBSE to do a bitcoin => Rupee exchange (all the bitcoin stays in GLBSE, and the Rupees stay in your bank account).

Nefario.

[dishwara]

Nefario  GLBSE also do exchanges?

I prefer BTC ->LRUSD & then LRUSD ->INR. coz thats easy for me than directly converting BTC to INR  & asking to deposit in bank.
My last bad experience with TradeHill & also very less people buying btc for INR.
BTC ->LRUSD has more people than any other method besides BTC ->USD.

[speeder]

nefario is wise

[Nefario]

I'm working on adding whats needed to the web client to allow anyone to set up a bitcoin exchange, Australian dollars are already being traded (Oz.AUD). The functionality is already on the server side, just need to get the bloody webclient up and running.

God I hate Javascript.


On a related note I'm looking for a Javascript dev, will be a lot of work that's going to be well paid.

Nefario.

[dishwara]

Nefario

I see 5 gold coins if any one is Hero member & 4 gold coins if Sr.member..... below their name on left side.

But I see 4 gold coins & 5th coin is half gold & half BLUE.
Is it any error or some special status?

[Nefario]

Nefario

I see 5 gold coins if any one is Hero member & 4 gold coins if Sr.member..... below their name on left side.

But I see 4 gold coins & 5th coin is half gold & half BLUE.
Is it any error or some special status?

Maybe I've got the flu, no AFAIK it's for people who have even more posts than hero level. theymos has the same but his 1/2 coin is red.

Nefario.

[BioMike]

Dishwara just take your time buying the shares back (paying dividends might increase the price of the shares, reducing the rate at which he want to buy them back).

On the other side, if I'm correct, Dishwara could get his own mining rig very cheap (BTC price is now lower then when he bought the rigs).

[speeder]

Indeed.

If he resumes dividents, my reaction will stop selling my shares

Thus changing the share value.

[Nefario]

Indeed.

If he resumes dividents, my reaction will stop selling my shares

Thus changing the share value.

Not really, he can continue paying dividends until he's done and then just declare the asset worthless.

[dishwara]

726 issued.
so far bought 137.
Need to buy 589.

[speeder]

DISHWARA if you are still into share buying back...

take your chance now that BTC is low (and seemly it will start to rise again soon) to buy some shares back.

Maybe it will be even a ultimate profit (for example several of my shares I bought with BTC at 8 USD, if you buy them back for 1 BTC right now, it would be a sort of profit for you, if you sold them originally at

[dishwara]

Hi share holders.

I didn't told anyone even GLBSE what was happened & what is happening for the past 45 days in my life.
But i am getting many PM's why i am closing DISHWARA & also what is the status of buying back shares.....

I was silent, coz if i say the truth, two things may happen.
1.Some may believe me, that i am saying truth & give me time to buy back shares.
2.Many may say that i am creating stories or reasons to get time.
That's why i was silent so far. But due to many PM's i am posting it here.

I just wrote what happened in very short, so that it won't take any ones time to read.
The story is really long, if i add screen shot of my emails, my bills, my lawyer notice....

never.
8 cards didn't kill mother board. atleast MSI big bang marshal not killed by 8 cards.

But I read that your mobo died due to some reason. Was that not true etc. ? When you sold your company on GBLSE to SIN node project etc.
Thanks !

I never said mother board died. Power cut happened & after came back mother board keep on restarting every 10 seconds once with debug LED displaying 45. So i emailed this to MSI & they replied that may be memory module fault & ask me to check with some other memory module. They also told to remove the CPU fan & heatsink & remove dust from CPU. Their I mistakenly used brush to clean which bent 1-3 pins in mother board. So i sent the mother board through the shop/seller i bought to MSI. MSI replied that not only cpu pin is broken but also mother board corner, one corner top left where key board PS/2 port comes got damaged. I replied i didnt damage the mother board corner. Coz if the corner has to be damaged that way then the mother board must have fallen from 2-3 feet high & also corner must have hit the ground. They said they cant repair & also warranty wont cover this. The shop/seller said they sent the mother board in very good packing only, so they didnt broke it. But i refused it & we had a fight & they with around 10 staffs hit me & gave the mother board to me & also got sign that i took back my mother board. After i came to my house i checked the mother board serial no with the serial number in the mother board bill i bought & found that both are not same numbers. The numbers differs completely. So, i sent email to MSI & Seller. Both didn't reply. And from some other source who working in MSI i was told that when they receiving the mother board itself, the corner was damaged. Then after some question i found out that the SELLER CHEATED me by taking my pin damaged mother board & gave me a mother board which was broken in the corner. To make look like my mother board they also damaged the CPU pin in the broken mother board & also they decided to wait some time & then send my original CPU pin broken mother board to MSI & get it repair. It very easy to repair CPU pin damage. Just have to change the CPU module only.
But unfortunately i found out that by verifying the serial number. Since they didn't reply i sent a lawyer notice that they cheated me & if they didnt give my original mother board repaired i will file a case against them on consumer redressal forum or consumer court.
So far they haven't replied to even my lawyer notice.
I sent lawyer notice on 4th Sep 2011 Sunday & they received it on Monday itself & so far not replied. I will wait another week & then file case against the seller.

I decided to close the company because of electricity problems.
I thought electricity board will just give electricity if i applied to get it.
But in practical they are not giving that easily. Heavy corruption is going on in that.
I applied & also paid money including deposit....on 12 Jul 2011.
They came & gave connection & meter on 7 Sep 2011 & then it took me 10 days to find correct electrician to give connection & the connection completed today only.(19/09/2011).

Since i am mining coins which will affect not only banks but also Indian & other countries government, their is a very high chance that they will cut my connection completely if they got fear by bitcoin or US govt & banks forces Indian gov.
So, i decided to buy back my shares.
If i mine privately, no one knows it.
But running a PUBLIC MINING COMPANY is not a simple one & their is very high chance that even the WHOLE world may watch DISHWARA.
Since DISHWARA is THE FIRST COMPANY which released shares in GLBSE.com after Ubitex released shares.
Ubitex is not a mining company or any other physical company, but its an exchange.
So all may watch me, which will affect my private life & also my destiny of life.

[speeder]

DISHWARA if you are still into share buying back...

take your chance now that BTC is low (and seemly it will start to rise again soon) to buy some shares back.

Maybe it will be even a ultimate profit (for example several of my shares I bought with BTC at 8 USD, if you buy them back for 1 BTC right now, it would be a sort of profit for you, if you sold them originally at 8 )

Dishwara ignored me

[dishwara]

DISHWARA if you are still into share buying back...

take your chance now that BTC is low (and seemly it will start to rise again soon) to buy some shares back.

Maybe it will be even a ultimate profit (for example several of my shares I bought with BTC at 8 USD, if you buy them back for 1 BTC right now, it would be a sort of profit for you, if you sold them originally at 8 )

Dishwara ignored me

I didn't ignore anyone. But money is ignoring me.
Once i get money, i buy shares within a day.

[speeder]

Alright

I was only wondering why you do not replied, only that

[dishwara]

Hi share holders,

Many have seen now that their DISHWARA shares has been bought.
I got money, so i started buying back shares.
So far bought 546 shares out of 724 issued.
I see 146+2+1 shares left to buy in assets.
148 can be bought, but i cant buy the one share with price 2000000.0000000 BTC.
who ever owner, please change price.
Also if i calculate, 546+149=695 comes.
Seems some one with 29 shares so far not listed it for sale.
Who ever has that share please sell it for 1 btc or less.
So, i buy back & complete the process & prove some assholes that DISHWARA is not a scam.

In future, if i can able to handle better, i may release shares for the ones who trusted me & bought shares.
Thank you very much for trusting me & buying my shares.

Thank you.

[speeder]

DISHWARA thanks!

=D

If you ever try again doing business, I will be pleased to help again

[Ben Walsh (beamer)]

+1

I am very impressed with the way in which you have handled this Dishwara.

Even though your first business failed, you have shown yourself to be trustworthy and honest - never claiming to have skills you did not and trying your best.

I value what you have done and I hope you will take what you have learned from this experience and prosper in the future.

I hope you were able to get justice following the attack and terrible treatment you endured - would you care to share the name and location of the business, so others can ensure they never have dealings with them ?

Good luck.

DISHWARA thanks!

=D

If you ever try again doing business, I will be pleased to help again

[dishwara]

I hope you were able to get justice following the attack and terrible treatment you endured - would you care to share the name and location of the business, so others can ensure they never have dealings with them ?

I don't understand. Whose name & location you wanted?

[speeder]

I hope you were able to get justice following the attack and terrible treatment you endured - would you care to share the name and location of the business, so others can ensure they never have dealings with them ?

I don't understand. Whose name & location you wanted?

I think he refers to companies that you tried to buy or repair hardware and behaved in a sucky manner.

[Bitsinmyhead]

Never had any shares, but have been following the company and just wanted to say I am very impressed by Dishwara. You are a good person, not many of those around anymore. Much respect!

[Ben Walsh (beamer)]

Indeed it is and, for clarity should it be necessary, it certainly isn't you Peter nor Dishwara.

There is a distinct absence of professionalism around many of the GLBSE listed companies.

I'm not sure why, maybe it is the relatively small user base for Bitcoin, although I would have expected the "early adopters" to be pretty intelligent, skilled (particularly in areas where they seek investment from others to operate), reliable and competent.

I still see significant opportunity for GLBSE investors and those offering investment opportunities though I am surprised that it is taking as long as it is for sufficient quality to materialise.

Personally, I have enjoyed the opportunity to gain skills I couldn't in the "mainstream" investment world and look forward to developing these further as Bitcoin and GLBSE grows, transferring them into the "mainstream".

... never claiming to have skills you did not ...

Is that pointed at somebody in particular?

[dishwara]

Hi,

Bought 694 shares so far out of 724.



Please those who put one share as 2000000.0000000 BTC, please change the price.
Also those who so far not put it on sale, please put it on sale.
I need to buy 29+1=30 shares still.
Please who ever the owner, sell the shares & so i buy it & close this.
I don't want to delay & also don't want my shares go worthless.

[dishwara]

done.

[dishwara]

There are still 29 shares left for me to buy.
Whoever has that 29 shares, please sell it & let me close this & prove my honesty.

[Ben Walsh (beamer)]

It's likely that the owner(s) have stopped using GLBSE, lost access to the relevant account(s) or have simply accepted full loss. I trashed/lost a few of my accounts while I was playing around with the service and functionality in the early days. I suspect there may well have been a Dishwara share in one of them.

So forget amount the last few shares, it may well be impossible for the owners to sell them and they rightly expect nothing from you for those.

 

There are still 29 shares left for me to buy.
Whoever has that 29 shares, please sell it & let me close this & prove my honesty.

[dishwara]

No, out of 30 shares so far ONE share is put on sell at 1 BTC yesterday.
So, the share holder knows i am buying back, but not selling back or don't know whats his/her intention.

[dishwara]

One share of DISHWARA is priced at 2000000 BTC, i may missed 1 or 2 zeros.

Every one has different beliefs, while i do have some.
Until DISHWARA issued 2000 shares totally , i cant able to buy back shares. I changed it to 1000 shares , while the sold shares was only 724, then only i got money & bought 694 shares.

I REQUEST the one who put the sell price of one share of DISHWARA at 200000+ BTC's to remove the sell order or at least change it to 100000+..
If you want to keep the 29 shares , you can keep it.
But PLEASE change the price to 1 with any number of zeros you want.

Until i buy back the remaining 29 shares, i owe the share holders, even though DISHWARA has no value & pays no dividend or profit.

[DeathAndTaxes]

I think you have done enough.

You had a business which failed (it happens even to the best).  You did the honorable thing and attempted to make shareholders whole (better than most would).

You can only lead a horse to water, you can't make him drink.

You put an offer out to buy the last 29 shares.  I would just put a definitive deadline.

"I am winding down this company.  It has/will cease operation.  I will buy all remaining shares for 1BTC each.  This offer is good until 31 DEC 2011.  After 31 DEC 2011 any unsold shares should be considered worthless".

If the holder(s) of the last 29 shares don't take the offer well they likely never will.  Either they are willfully holding the shares or simply left Bitcoin and have no way of knowing.  You can only do so much.

[dishwara]

You can only lead a horse to water, you can't make him drink.

Horse is ready to drink water. The problem is water frozen.
Waiting for frozen water to melt or waiting for some one to melt frozen water.

[RodeoX]

I think you have done enough.

You had a business which failed (it happens even to the best).  You did the honorable thing and attempted to make shareholders whole (better than most would).
...

+1  I've owned businesses, and had them fail. It is part of the game. I would still do business with you.