[closed] Buy shares NOT

[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.

[1714859067]

1714859067

[1714859067]

1714859067

[1714859067]

1714859067

[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.