[closed] Buy shares NOT

[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.

[1714951433]

1714951433

[1714951433]

1714951433

[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.