Bitcoin Forum
December 04, 2016, 08:35:42 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 »  All
  Print  
Author Topic: [closed] Buy shares NOT  (Read 47093 times)
speeder
Hero Member
*****
Offline Offline

Activity: 546



View Profile
June 28, 2011, 07:36:28 PM
 #321

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.

1480883742
Hero Member
*
Offline Offline

Posts: 1480883742

View Profile Personal Message (Offline)

Ignore
1480883742
Reply with quote  #2

1480883742
Report to moderator
1480883742
Hero Member
*
Offline Offline

Posts: 1480883742

View Profile Personal Message (Offline)

Ignore
1480883742
Reply with quote  #2

1480883742
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 28, 2011, 08:10:45 PM
 #322

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.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
speeder
Hero Member
*****
Offline Offline

Activity: 546



View Profile
June 28, 2011, 11:17:04 PM
 #323

I think Dishwara does not want to mine anymore.

Thus he wants to buy back all shares and then shutdown.

Sukrim
Legendary
*
Offline Offline

Activity: 1848


View Profile
June 29, 2011, 12:16:29 AM
 #324

I think Dishwara does not want to mine anymore.

Thus he wants to buy back all shares and then shutdown.

Quote
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.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
speeder
Hero Member
*****
Offline Offline

Activity: 546



View Profile
June 29, 2011, 12:21:35 PM
 #325

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
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 04, 2011, 01:10:29 AM
 #326

Any update DISHWARA?

What are you doing right now?

Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 04, 2011, 01:31:46 AM
 #327

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
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 04, 2011, 01:37:10 AM
 #328

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
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 04, 2011, 01:40:06 AM
 #329

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
Full Member
***
Offline Offline

Activity: 238



View Profile
July 04, 2011, 02:03:24 AM
 #330

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.

Names do not matter; however, if you insist...id...
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 04, 2011, 02:07:00 AM
 #331

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
Full Member
***
Offline Offline

Activity: 238



View Profile
July 04, 2011, 02:08:49 AM
 #332

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.

Names do not matter; however, if you insist...id...
demonofelru
Full Member
***
Offline Offline

Activity: 238



View Profile
July 04, 2011, 02:17:14 AM
 #333

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.

Names do not matter; however, if you insist...id...
dishwara
Legendary
*
Offline Offline

Activity: 1372


Truth may get delay, but NEVER fails


View Profile
July 04, 2011, 07:33:52 AM
 #334

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)
Sr. Member
****
Offline Offline

Activity: 315


View Profile
July 04, 2011, 07:35:17 AM
 #335

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.

BTC Difficulty Avg Change Google Gadget - http://bit.ly/nWZLkr
How many Bitcoins can I expect to mine ? - http://bitcoindetailedcalculator.appspot.com
BTC Donation Address : 13Wu7W7jmjQot7xnqogHYSmUmR1MzyB3YE
demonofelru
Full Member
***
Offline Offline

Activity: 238



View Profile
July 04, 2011, 07:49:36 AM
 #336

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.

Names do not matter; however, if you insist...id...
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 04, 2011, 08:19:28 AM
 #337

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
Sr. Member
****
Offline Offline

Activity: 466



View Profile
July 04, 2011, 09:13:31 AM
 #338

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
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
July 04, 2011, 09:25:10 AM
 #339

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
Hero Member
*****
Offline Offline

Activity: 546



View Profile
July 04, 2011, 11:50:36 AM
 #340

@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.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!