[Ann] [ForgeCoin] Mining with Cheap electricity!

[sepehr]

Integrating @CryptoZin with @SuperNETorg any supernet user can send crypto to any Mobile holder.

https://twitter.com/CryptoZin/status/546186995651727361

Please visit http://cryptozin.com/ for more information.

[sepehr]

DIVIDENDS PAID 12/22/2014

DECEMBER 23, 2014

Dividends of the week ending to 12/22/2014 paid.

We had no important costs this week, so we increased our reserve liquidity to 1 BTC again.

Please consider studying and investing our sister project CryptoZin:

http://cryptozin.com/

The project is going smooth and we hope that we can update more about it soon.

For more information about this week Dividends please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_12_22_2014.pdf

[sepehr]

DIVIDENDS PAID 12/29/2014

DECEMBER 30, 2014

Dividends of the week ending to 12/29/2014 paid.

We had several PSU fail this week and also we paid monitoring staff costs for December, so we used half of our reserved liquidity.

Please still consider studying and investing our sister project CryptoZin:

http://cryptozin.com/

The project is going smooth and we hope that we can update more about it soon.

For more information about this week Dividends please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_12_29_2014.pdf

[CryptKeeper]

Missing last week's dividend payout!

I guess you are waiting for a better BTC rate?

[josegines]

Missing last week's dividend payout!

I guess you are waiting for a better BTC rate?

I do not think. In July we had 1 Btc =$600, we would be waiting since then for a better rate.

[sepehr]

DIVIDENDS OF 01/12/2015

JANUARY 13, 2015

Unfortunately there  is no good news in BTC mining era! And we assume ourselves fortunate that we have not started ForgeCoin V2.0 on BTC mining.

Yesterday we have sold BTC at about $260 each to cover our costs! Today it’s about $220 each!

Yesterday was the last day for electricity bill dead line and we have paid 3.07 BTC for electricity! this amount was 1.3 BTC per month when we started!

Also we could cover only 1/4 of the facility rental for December costs and owe 3/4 yet while it is 13th of Jan!

We don’t know how much we can continue like this! We have no dividends to pay after two weeks and still owe 3/4 of our last month rental fee!

Sorry for bad news! And hope for better futures.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_01_12_2015.pdf

[CryptKeeper]

DIVIDENDS OF 01/12/2015

JANUARY 13, 2015

Unfortunately there  is no good news in BTC mining era! And we assume ourselves fortunate that we have not started ForgeCoin V2.0 on BTC mining.

Yesterday we have sold BTC at about $260 each to cover our costs! Today it’s about $220 each!

Yesterday was the last day for electricity bill dead line and we have paid 3.07 BTC for electricity! this amount was 1.3 BTC per month when we started!

Also we could cover only 1/4 of the facility rental for December costs and owe 3/4 yet while it is 13th of Jan!

We don’t know how much we can continue like this! We have no dividends to pay after two weeks and still owe 3/4 of our last month rental fee!

Sorry for bad news! And hope for better futures.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_01_12_2015.pdf

Those are really bad news!

How do you want to handle the situation? Do you want to stop the miners until mining is profitable again? But what about the rental fee?

    

[sepehr]

DIVIDENDS OF 01/12/2015

JANUARY 13, 2015

Unfortunately there  is no good news in BTC mining era! And we assume ourselves fortunate that we have not started ForgeCoin V2.0 on BTC mining.

Yesterday we have sold BTC at about $260 each to cover our costs! Today it’s about $220 each!

Yesterday was the last day for electricity bill dead line and we have paid 3.07 BTC for electricity! this amount was 1.3 BTC per month when we started!

Also we could cover only 1/4 of the facility rental for December costs and owe 3/4 yet while it is 13th of Jan!

We don’t know how much we can continue like this! We have no dividends to pay after two weeks and still owe 3/4 of our last month rental fee!

Sorry for bad news! And hope for better futures.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_01_12_2015.pdf

Those are really bad news!

How do you want to handle the situation? Do you want to stop the miners until mining is profitable again? But what about the rental fee?

    

We still not planned to stop anything, we think that the price could not remain in this level! Either it goes up again or bitcoin may crash! We will wait until end of Jan to see what's happening.

[sepehr]

DIVIDENDS PAID 01/26/2015

JANUARY 27, 2015

We had better performance last two weeks.

We keep 1 BTC as liquidity and paid 3/4 of rental fee for December.

We hope that the price keep above $300 more.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_01_26_2015.pdf

[CryptKeeper]

DIVIDENDS PAID 01/26/2015

JANUARY 27, 2015

We had better performance last two weeks.

We keep 1 BTC as liquidity and paid 3/4 of rental fee for December.

We hope that the price keep above $300 more.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_01_26_2015.pdf

Very good, and 6% mining difficulty decrease today will help as well! 

[sepehr]

DIVIDEDNS PAID 02/09/2014

FEBRUARY 10, 2015

Divideds of the two weeks ending to 02/09/2014 paid.

Again we had better performance last two weeks.

We have mined a total of 5.26 BTC in last two weeks. And that’s %22 more than last two week and that’s because bitcoin network difficulty slowdown.

We have paid more than 3.12 BTC for electricity costs, FYI in start of project we are paying 1.3 BTC each month for electricity costs! And that was in summer which electricity costs was more and now in winter which electricity costs are lower we are paying lots more in BTC for same period!

Also we have paid internet costs and monitoring staff costs for January.

Unfortunately we could not hold any liquidity for next cycle.

For more information about this two weeks Report please check this pdf file.


http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_02_09_2015.pdf

[sepehr]

DIVIDENDS PAID 02/23/2015

FEBRUARY 25, 2015

Dividends of the two weeks ending to 02/23/2015 paid.

We have paid 3/4 of Facility rental for Feb. And repaired 10 PSUs in this period.

We could held 0.5 BTC as liquidity for next cycle.

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_02_23_2015.pdf

[sepehr]

DIVIDENDS PAID 03/09/2015

MARCH 10, 2015

Dividends of the two weeks ending to 03/09/2015 paid.

We have paid remaining 1/4 of Facility rental for Feb and cleared Monitoring staff payment for Feb, also we have paid  also we could paid 1/4 of last Electricity bill.

Our held liquidity for next cycle is : 0.00 BTC

For more information about this two weeks Report please check this pdf file:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_03_09_2015.pdf

[sepehr]

REPORT FROM 03/09/2015 TO 04/06/2015

APRIL 22, 2015

Unfortunately our calculations shows that we cannot pay any dividends in this period of one month from 03/09/2015 to 04/06/2015 .

We had last month of year and we had electricity bills and we had facility rentals and we had Internet costs and PSU repairs all together.

In last month of year we should pay more to our staff and we forced to borrow About $1000 to cover our costs in this period.

We have double checked our calculations as promised and here is our report for this period:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_04_06_2015.pdf

[sepehr]

REPORT FROM 04/06/2015 TO 04/20/2015

APRIL 22, 2015

Unfortunately we cannot pay any dividends again and we don’t think that we can pay it in next few weeks or even months, if the price of BTC remains in this range .

We forced to increase our borrowed amount to about $1400 to cover our costs in this period.

We still hope that something change and keep miners run.

Here is our report for this period:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_04_20_2015.pdf

[sepehr]

REPORT FROM 04/20/2015 TO 05/27/2015

MAY 27, 2015

Still bad news from FrogeCoin!

Our debt is increasing! From $1,335.84 on 04/20/2015 now it’s increased to $2,036.53 . We just hope that if the price of BTC increasing we can pay our debt otherwise we should stop the miners and stop this business.

Here is our report for this period:

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_05_27_2015.pdf

[sepehr]

JUNE 2015 REPORT

NOVEMBER 28, 2015

Sorry a lot because of long time, no report.

That was because we had lots of debts and we even wanted to close the business, but according to recent days rise of BTC price we will post old reports to update the project status.

On June 2015 we had to pay two months of everything because it was postponed a lot. we had paid two months for electricity, rental costs and staff costs. Our total debt after this month was
$4,991.33.

Here is our report for this Month:

http://forgeco.in/download/dividends/ForgeCoin_Dividends_06_30_2015.pdf

[sepehr]

JULY 2015 REPORT

NOVEMBER 29, 2015

On July we have mined 7.04 BTC.

We had paid all charges and at the end we had a total of $4,586.73 debts.

Here is our report for this month:

http://forgeco.in/download/dividends/ForgeCoin_Dividends_07_31_2015.pdf

[sepehr]

AUGUST 2015 REPORT

NOVEMBER 29, 2015

On August we have mined 6.60 BTC.

We had paid all charges and at the end we had a total of $5,632.65 debts.

Here is our report for this month:

http://forgeco.in/download/dividends/ForgeCoin_Dividends_08_31_2015.pdf

[sepehr]

SEPTEMBER 2015 REPORT

NOVEMBER 29, 2015

On September we have mined 4.15 BTC.

Also in this month our main cooler device failed and we bought a new one. And one reason that the amount of mined BTC reduces is that we could not run devices at the times that we had no cooler.

We had paid all charges and at the end we had a total of $7,023.26  debts.

Here is our report for this month:

http://forgeco.in/download/dividends/ForgeCoin_Dividends_09_30_2015.pdf