[closed] Buy shares NOT

[Reikoku]

I'll offer for all of the GPUs if they're working.

[1714110011]

1714110011

[1714110011]

1714110011

[speeder]

I'll offer for all of the GPUs if they're working.

They are.

Seemly only one motherboard misbehaved once but is fine now, and a hard disk (with 19 BTC in it) has the controller board borked (not expensive to fix by the way, if you find the right people).



So, how much is your offer?

[zerokwel]

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.

I agree that way you can do what's best for your investors. I know what my risk exposure limit is would I be and how I would handle it. So far it looks like you have a few offers

1. Buyout of hardware instant BTC
2. buyout for 4 months 1ghash/s
3. transfer of ownership (hardware & debt) and buyout over time of all shares at a reduced rate

[Vladimir]

Just a quick clarification. I am not offering specifically 1 Ghps, it could be 0.46 or 2.15 or 12.345 Ghps, depending on valuation of assets.

But the best for shareholders would be simple setting up an offer and allowing interesting parties to bid on it, kind of like a tender.

 

[dishwara]

I am trying to sell locally so that i get money quickly.
Besides, i am also as said before, trying to sell/get loan for my land.
Everything is in process. I hope, it will finalize with in this week.
Total shares released are 726.
I already bought 92.
Remaining is 634.
As said before, i will try to get 6000+ USD & buy bitcoins on that day itself.
Then divide the bitcoins by share.
For theory, today's rate seems ~15 USD per btc.
so for 6000 USD i get ~400 BTC.
400/634= 0.63 btc per share.
means i will try to buy back all the shares @ 0.63btc per share.


The hard disk crashed is not the one in the mining rig.
Its my personal hard disk bought 2 years ago with all my personal data's.& all back ups & it's the only back up i had.
I used the hard disk to store portable bitcoin software thinking since it don't have any OS, it won't give any problem.
Now it gone with all my important details besides 19 BTC.
I hope it will be recovered.

Never thought it crash, same as closing DISHWARA, which i never thought.
My fate makes me to close/end everything in quick sessions.

[speeder]

Dishwara

Although I will lose 100 BTC on this (roughly), I must say that this was a good ride.

I am pleased to have taken part in this experiment.

[zerokwel]

I am trying to sell locally so that i get money quickly.
Besides, i am also as said before, trying to sell/get loan for my land.
Everything is in process. I hope, it will finalize with in this week.
Total shares released are 726.
I already bought 92.
Remaining is 634.
As said before, i will try to get 6000+ USD & buy bitcoins on that day itself.
Then divide the bitcoins by share.
For theory, today's rate seems ~15 USD per btc.
so for 6000 USD i get ~400 BTC.
400/634= 0.63 btc per share.
means i will try to buy back all the shares @ 0.63btc per share.


The hard disk crashed is not the one in the mining rig.
Its my personal hard disk bought 2 years ago with all my personal data's.& all back ups & it's the only back up i had.
I used the hard disk to store portable bitcoin software thinking since it don't have any OS, it won't give any problem.
Now it gone with all my important details besides 19 BTC.
I hope it will be recovered.

Never thought it crash, same as closing DISHWARA, which i never thought.
My fate makes me to close/end everything in quick sessions.

That's a shame I was willing to come up with an offer that would of saved you having to spend so much on a loan and well also helped pay off the investors. Ah well if you change your mind feel free to pm me

I do believe you had a fantastic Idea tbh something I may try myself on the market.

[dishwara]

I have 17 coins now, which is mined, so i put a buy order of 34 shares at 0.5 BTC each.
Those want to sell, can sell.
Since there is no way to know it is from me, i see one option, twitter & posting here.
My order of buying 34 coins shows in twitter as
buy:34@50000000:DISHWARA:1309982432

[dishwara]

some one sold some shares at 0.60 & .0.59. Bought that shares.
Now have 116 shares out of 726.
726-116=610 have to buy.
Also put bid for 6 shares @ 0.59
buy:6@59000000:DISHWARA:1310034542

[BioMike]

Dishwara, any updates?

[dishwara]

Tried & tired with more than 5 banks, private & govt banks to get loan on land.
Even though the land i try to sell has minimum value of 2 million INR, one fourth 0.5 million INR i asked & no bank ready to give.
Only one reason they are telling, NO loan on agricultural land.
I don't understand where India is going, with out agriculture nothing to eat & banks don't even care about agriculture land.
So, gave ad in local paper to sell land & waiting for some approaches.

[dishwara]

Due to delay, i paid another dividend, may be 3 rd one.
Each share gets 0.01652892 btc.

[speeder]

Gave up on buying back the shares?


Also, I think someone still believe you, I saw some shares being traded at higher than 0.63 (the price you offered to buyback), this mean that someone still think he can profit by buying shares above that price.

[dishwara]

I am buying back the shares. It never stopped & not going to stop.
The trade you saw is the shares i bought only.
0.79 btc, 0.85 btc....
I have 129 shares now.
With the coins mined i buy back some shares. But that also makes me not doing fair to other share holders.
as, when i buy pack shares at mass, the value may be 0.6 or less or more.
Since they giving me time, i gave a dividend, like giving interests.

[BioMike]

Bitcoin price is dropping, so maybe at some point it might be profitable to just buy some bitcoins to repay for your mining rig.

[dishwara]

The price drop actually gives me more problem than help.
Yes, once i get money i can buy shares at less price.
At the same time the price drop makes my profit less or nil.
Last 2 month electricity bill came at ~10000 INR that's ~220USD domestic.
Due to heavy increase in power drawn, they them selves advised me to apply for 3 phase consumer supply.
With the 50000 INR i had, i paid the bill & also applied for new line & most of the connection work done.
Still waiting for the EB to give meter & connection.
Daily i am getting around 90KWH power consumed, which i checked in old line.
That means at the current system configuration, totally 8 cards mining, for 2 months the average total consumption will be 5400KW that's 5400 units.
Total amount to pay on September 2nd week(July & August bill) will be 5400*7= ~37800 INR.
Also, they will ask to pay same or more as deposit.
So, i have to pay ~80000 INR, that's ~1800 USD.
Currently i am getting 2 coins/day. Even i get same amount after 60 days, then it will be 60*2=120 coins.
120 BTC = 15*120 USD = 1800 USD.
This all calculation with out deducting commissions on selling bitcoins, withdrawing LRUSD, converting to INR.
This means for 2 months i can't pay any dividend & also can't buy any share with the coin i mine.
More problem for me than i can handle.
I am waiting for some to approach to buy land.
If even i get advance for land then i buy shares & with the coins i pay next bill & also deposit.
If the price of btc drops further then i face more problem as not paying electric bill, they just pull the plug & i won't get any power.
I have to pay total amount + fine + some bribes to get connection again.

[BioMike]

If that's the case, just shut the rig down until difficulty drops again (some people argue that difficulty and price are linked). You're not mining for the electricity company.

Maybe see how much you would get if you would sell some of the hardware, you might then even make a profit on that.
Example:
10 BTC (got from investors) => $300 (exchange rate at high time) => 1 card (used card for mining) => $250 (what you would get when selling again) => 22 BTC (dollars to btc at aprox. current rate).

These numbers are just fetched from the air, but I guess you could do some calculations on the data you have.

[zerokwel]

well my offer still stands and it would prob offer the best investment/return for the investors. (around 2 pages back)

I am starting up on the GLBSE. In the next few days with the same Idea. but have a dedicated building with its own 240v 32a line so can take 7000w or so without any changes. so power and heat is not an issue.

I think this was a good idea which could of worked out. pity it did not.

[speeder]

If that's the case, just shut the rig down until difficulty drops again (some people argue that difficulty and price are linked). You're not mining for the electricity company.

Maybe see how much you would get if you would sell some of the hardware, you might then even make a profit on that.
Example:
10 BTC (got from investors) => $300 (exchange rate at high time) => 1 card (used card for mining) => $250 (what you would get when selling again) => 22 BTC (dollars to btc at aprox. current rate).

These numbers are just fetched from the air, but I guess you could do some calculations on the data you have.

Unfortunately, DISHWARA was made when BTC was around 2, and several parts were bought when BTC was 8

[Vladimir]

it is like complaining "unfortunately I've started mining in age of CPU mining and spent lots of bitcoins on my CPU's"