[closed] Buy shares NOT

[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