[closed] Buy shares NOT

[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.