[Ann] [ForgeCoin] Mining with Cheap electricity!

[sepehr]

FORGECOIN V2.0 IPO POSTPONED

SEPTEMBER 22, 2014

ForgeCoin V2.0 IPO Postponed to Next Monday, September 29.

Because of Big BTC Fall, and Bitmain Antminier new orders closed maybe because of BTC fall and to finalize some studies still not complete, and to initiate a full studied project, we postponed Part one of ForgeCoin V2.0 IPO.

We will update more information about this once it’s finalized.

[sepehr]

DIVIDENDS PAID 9/22/2014

SEPTEMBER 26, 2014

Dividends of the week ending to 9/22/2014 paid.

This week dividends was greater than before.

There is three reason for that:

1-We had no important costs this week, so the dividends increased.

2-We have released our merge mining funds it was 0.26 BTC for several months.
https://blockchain.info/tx/a11672f37ce10c270f7385d0b9b67130b27905fb47762684486e9e794337cd32

3-we have released our backup pool funds, it was 0.049 BTC for several months.
https://blockchain.info/tx/59a022713cfd4853953c8779dba4826883a2ac9fef8884ef073e1b922841eb64

So the total amount payable was more this week.

Also on the last day of week we have received and installed 8 new S3 Antminers.

By installing these Antminers we have completed the capacity of the current site and our current Nominal Hash rate is 31.716 TH/s.

Normall we have less than that Hash rate because some of our S1 Antminers are working half Capacity, and other miners may working less than that amount but the current Hashrate that shows by GHashi.io is normally about 31.5 TH/s

We had Electricity Bill last week and we paid half of it this week and postponed the remaining to next week.Good news is that we summer is going to finish in our country and we hope that we will have few PSU failures in autumn.

Sorry for publishing this report late, But dividends paid on time.

For more information about this week Dividends please check this pdf file:
http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_9_22_2014.pdf

[josegines]

Thanks for the update.

[sepehr]

OUR CURRENT LIVE HASHRATE ON GHASH.IO
SEPTEMBER 28, 2014

This is an screenshot of our current Hashrate running live by our Facility on Ghash.io.



Hash_rate

We have up and downs because of non-stabilities that may happen but the overall hashrate for last several days is as above.

[sepehr]

DIVIDENDS PAID 10/6/2014

OCTOBER 11, 2014

Dividends of the week ending to 10/6/2014 paid.

Unfortunately last week we had the worst week from the start of ForgeCoin till now.

We had BTC price fall.

We had GHash.io nonstabilities.

And we had an accident in Facility.

All together results the worse performance we had ever.

BTC price fall face us with lots of problem because we should pay our local costs in fiat and for example we paid 1.21 BTC for our facility rental in May but in September we paid 2.4 BTC for same amount! exactly two times!

GHashi.io had a lot of server problem last week we are studying to see that is it because of GHashi.io itself or because of internet problems in Iran, we have Multipool.us as backup but it decreases our performance a lot.

And we had an accident also! some wires in our power post almost burned out, our Monitoring staff got it fast and we changed the cables with new better cables but it face of more down times as well.

Here is some pictures of wires took out and the new Blue wires replaced the old ones:

Burned Cables

 

Replaced Cabels


Again sorry for publishing this report late, But dividends paid on promised time.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_10_06_2014.pdf

[CryptKeeper]

That's really bad!  

But don't worry: accidents can happen and I think you have acted fast enough to prevent much greater damage! No miners were damaged and that's good news. If you can get back to the usual hashrate everything will be fine.

I also see that it's becoming colder in Teheran, that are good news too!    So cheer up, my friend!

[sepehr]

DIVIDENDS PAID 10/20/2014

OCTOBER 21, 2014

Dividends of the two weeks ending to 10/20/2014 paid.

Unfortunately we experiencing Bad times in our history.

BTC price almost better now but we should pay the electricity bill in start of the first week.

We still experincing GHash.io non-stabilities. We may switch to another pool soon. Please let us know your suggestions for new pools.

And we had an accident in Facility again!

The Power Counter we installed early in facility was blow out one night and we experinced all night down time to early morning!

By the way we hope that next week we switch to new pool and experience better results.

Sorry that we could not paid any dividends last week!

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_10_20_2014.pdf

[sepehr]

That's really bad!  

But don't worry: accidents can happen and I think you have acted fast enough to prevent much greater damage! No miners were damaged and that's good news. If you can get back to the usual hashrate everything will be fine.

I also see that it's becoming colder in Teheran, that are good news too!    So cheer up, my friend!

Yes, No miners were damaged. and yes, Tehran wether is getting cool and that's very good. It's great that you monitor everything. Thank you!

[sepehr]

DIVIDENDS PAID 11/03/2014

NOVEMBER 4, 2014

Dividends of the week ending to 11/03/2014 paid.

We have paid remaining 2/3 of Facility rental for October this week and it finished.

Also we had internet costs this week.

Eligiuis.st pool doing almost well. Just we prefer faster payments from GHash.io by the way it’s not big deal.

We had experienced an attack to our wifi hotspot at our facility last week!!!

An attacker could enter our network and using our internet connection probably to download some porno sites! thanks to god he had no idea about bitcoin mining and all our miners was intact. by the way he face us with a 8 to 10 hours downtime! Very sorry for that.

Now we hide our SSID and used very difficult pass phrase, hope that it will be very more secure.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_11_03_2014.pdf

[sepehr]

DIVIDENDS PAID 11/10/2014

NOVEMBER 18, 2014

Dividends of the week ending to 11/10/2014 paid.

We have paid remaining 2/3 of electricity power costs this week.

Left 1/3 of electricity costs for next week.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_11_10_2014.pdf

[sepehr]

DIVIDENDS PAID 11/17/2014

NOVEMBER 18, 2014

Dividends of the week ending to 11/17/2014 paid.

We have paid remaining 1/3 of electricity power costs this week.

Also we have left 1 BTC as liquidity reserve this week.

This reserve will help us to manage better in unplanned situations.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividnds_11_17_2014.pdf

[sepehr]

DIVIDENDS PAID 11/24/2014

NOVEMBER 25, 2014

Dividends of the week ending to 11/24/2014 paid.

We have paid Monitoring Staff costs for November.

Also we have ordered an S3 Control Board from Bitmain, because one of our S3’s Boards had problem as is not mining now.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_11_24_2014.pdf

[catlinhappy]

I like this but i simply dont understand how to get it done could some PLEASE send me PM on how to do this because, i am willing to invest in this.

[CryptKeeper]

I like this but i simply dont understand how to get it done could some PLEASE send me PM on how to do this because, i am willing to invest in this.

Do you have a Nxt client installed? You could buy assets with NXT directly in the client (Asset Exchange).

Or you can invest with BTC here: http://www.secureae.com/

I think you can also invest directly on forgecoin's website: http://www.forgeco.in/

[CryptKeeper]

What is this "extranonce" all about? I understand that it's a new feature of cgminer, but what does it do? 

https://bitcointalk.org/index.php?topic=850620.0

[sepehr]

DIVIDENDS PAID 12/01/2014

DECEMBER 2, 2014

Dividends of the week ending to 12/01/2014 paid.

We have paid 2/3 of Facility Rental for for November this week.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_12_01_2014.pdf

[sepehr]

What is this "extranonce" all about? I understand that it's a new feature of cgminer, but what does it do? 

https://bitcointalk.org/index.php?topic=850620.0

I will check it and update once have more info. Thanks for reference.

[sepehr]

DIVIDENDS PAID 12/08/2014

DECEMBER 9, 2014

Dividends of the week ending to 12/08/2014 paid.

We have paid remaining 1/3 of Facility Rental for for November and 2/3 of last bill for electricity costs this week.

This week costs was a lot so we used 1 BTC reserved liquidity this week.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_12_08_2014.pdf

[sepehr]

CryptoZin Announcement took place!

Target is simple! Everybody with a smartphone, should have the ability to own/send and receive cryptocurrency safe.

Everybody can send cryptocurrency to anybody simply knowing his Mobile number!

Please contribute:

https://bitcointalk.org/index.php?topic=894244.0

[sepehr]

DIVIDENDS PAID 12/15/2014

DECEMBER 16, 2014

Dividends of the week ending to 12/15/2014 paid.

We have paid remaining 1/3 of last electricity bill also we have repaired 6 PSUs.

Recently we had rare PSU problems because having cold weather in Tehran. So after several weeks without requirement for PSU repair this week we have repaired PSUs that was failed in this long run.

Also this week we have announced a sister project called CryptoZin, Please check it and let us know your opinion.

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

http://www.forgeco.in/download/dividends/ForgeCoin_Dividends_12_15_2014.pdf