[796.com] RedStarMining.com - the oldest public mining security [15.0(TH/s)]

[lunarboy]

I missed that one.

How do people register for the group to vote

[1714047129]

1714047129

[matthewh3]

I missed that one.

How do people register for the group to vote

Send me your email address that you use for your 796 account and we'll send you an invite to the group.

[chalbersma]

December Dividends Out

December Dividends have been released on 796.com. Summary of the dividends below:

Item…………………..Amount
Divs………………….2.57308742
Shares……………..135,000
Divs/Share…………0.00001906

You may have noticed that our number of shares has decreased from last month. Our buyback policy has purchased and removed 2,000 shares from 796 prior to the dividend.

[chalbersma]

RSM December 2013 Financials

The December Financials statement has been released. You can download it here. Here's the executive summary of the statement for those who may be too buys to read the entire document.

Executive Summary

RSM had another solid month of operations in December. Month to month our revenue fell by 0.31347679 BTC which was a decrease of approximately 1.1%. We don’t expect to bring Jupiter Miner up and running every month so expect our revenue to fall monthly until Q1/Q2 2014 when the KnC Neptune Miners ship.

[tekke]

Roll Dividends Incoming

In coordination with 796.com RSM has been able to pay it's Rollover Divs from the period in between BTCT.CO 's shutdown and 796.com listing us.

Dividends should be paid out over the next couple of days.

What happened to this? it's been more than a month

[matthewh3]

Roll Dividends Incoming

In coordination with 796.com RSM has been able to pay it's Rollover Divs from the period in between BTCT.CO 's shutdown and 796.com listing us.

Dividends should be paid out over the next couple of days.

What happened to this? it's been more than a month

AFAIK everyone of the micro-shareholders who were the only ones being paid has been paid.  They were just being paid to the micro-shareholders who didn't own enough shares to qualify for the manual dividend which was paid the month before moving to 796.com.

[tekke]

AFAIK everyone of the micro-shareholders who were the only ones being paid has been paid.  They were just being paid to the micro-shareholders who didn't own enough shares to qualify for the manual dividend which was paid the month before moving to 796.com.

I'm one of those micro-shareholders, I had 68 shares at that time , and the dividends were 6043 Satoshi's per share . So it would add up 0.00410924. I haven't seen that payment made in my 796 account or in my public wallet

[matthewh3]

AFAIK everyone of the micro-shareholders who were the only ones being paid has been paid.  They were just being paid to the micro-shareholders who didn't own enough shares to qualify for the manual dividend which was paid the month before moving to 796.com.

I'm one of those micro-shareholders, I had 68 shares at that time , and the dividends were 6043 Satoshi's per share . So it would add up 0.00410924. I haven't seen that payment made in my 796 account or in my public wallet

I've PM'd you about the matter.

[JimiQ84]

could we maybe stop hashing at ghash.io for time being? There's some concern about their hashrate reaching 51%. Are  jupiters able to hash at p2pool?

[tekke]

AFAIK everyone of the micro-shareholders who were the only ones being paid has been paid.  They were just being paid to the micro-shareholders who didn't own enough shares to qualify for the manual dividend which was paid the month before moving to 796.com.

I'm one of those micro-shareholders, I had 68 shares at that time , and the dividends were 6043 Satoshi's per share . So it would add up 0.00410924. I haven't seen that payment made in my 796 account or in my public wallet

I've PM'd you about the matter.

Many thanks for your fast responses, everything got sorted out. I'm a big supporter for this security. Keep up the good work guys!

[matthewh3]

could we maybe stop hashing at ghash.io for time being? There's some concern about their hashrate reaching 51%. Are  jupiters able to hash at p2pool?

The chief mining operator has been contacted about moving two Jupiter's to - http://mmpool.bitparking.com/pool - As this is a very small pool but not too small and it'll help us to mine even more alt-coins.  Which is basically money for nothing.  We already have a Jupiter on OGnasty's P2Pool node.  The only thing stopping us moving all three of the Jupiter's to there.  Is that with it being 0% fee we don't get any alt-coins from merge-mining.

[matthewh3]

could we maybe stop hashing at ghash.io for time being? There's some concern about their hashrate reaching 51%. Are  jupiters able to hash at p2pool?

The chief mining operator has been contacted about moving two Jupiter's to - http://mmpool.bitparking.com/pool - As this is a very small pool but not too small and it'll help us to mine even more alt-coins.  Which is basically money for nothing.  We already have a Jupiter on OGnasty's P2Pool node.  The only thing stopping us moving all three of the Jupiter's to there.  Is that with it being 0% fee we don't get any alt-coins from merge-mining.

One miner has already been moved to Bitparking pool and a second will be moved over soon.  Leaving us with one on OGnasty's 0% fee P2Pool node.

[JimiQ84]

could we maybe stop hashing at ghash.io for time being? There's some concern about their hashrate reaching 51%. Are  jupiters able to hash at p2pool?

The chief mining operator has been contacted about moving two Jupiter's to - http://mmpool.bitparking.com/pool - As this is a very small pool but not too small and it'll help us to mine even more alt-coins.  Which is basically money for nothing.  We already have a Jupiter on OGnasty's P2Pool node.  The only thing stopping us moving all three of the Jupiter's to there.  Is that with it being 0% fee we don't get any alt-coins from merge-mining.

One miner has already been moved to Bitparking pool and a second will be moved over soon.  Leaving us with one on OGnasty's 0% fee P2Pool node.

great, thanks!

[matthewh3]

RSM has just put the deposit down for 100(MH/s)@2.4kW of LTC ASIC's for delivery in Q2/Q3.  The move was made abruptly without public discussion because of the oversite that this batch of pre-orders was ending today.  We like the pre-order company because of the deposit only and the fact they announced publicly their engineering partners.  Just like KNC did but unlike BFL who didn't plus failed.  The decision was quickly made by the board who own a majority of shares.  We believe its a good move as it'll be the first LTC ASIC to hit the market and only a 30% deposit was required.  85% of turnover after running costs will be reinvested into more LTC ASIC's, 5% will be used for staff salaries and 10% will be paid to RSM turnover.  A full announcement will be made soon.  

[lunarboy]

Fantastic news.

[jaeyjay]

I assumed you ordered the Alpha Technology ASICs. I personally am wary of them being a scam or not delivering until well past the original pre-order delivery date. I am looking more at Jasinlee's Fibonacci ASICs, which also have an earlier release. Though a problem some people have with the Fibonacci ones is that it will only be hosted mining until other Scrypt ASICs arrive (as in fully deliver).

[matthewh3]

I assumed you ordered the Alpha Technology ASICs. I personally am wary of them being a scam or not delivering until well past the original pre-order delivery date. I am looking more at Jasinlee's Fibonacci ASICs, which also have an earlier release. Though a problem some people have with the Fibonacci ones is that it will only be hosted mining until other Scrypt ASICs arrive (as in fully deliver).

http://dexceldesigns.com/news_events.html < That is what has given me confidence to put the deposits down.  That company with a track record of bringing ASIC's from conception to market is handling all the design and manufacture.  While Alpha is just providing all the crypto-coin community support.  Another thing is we paid with bitpay and they're very fussy over who uses their payment network.  Which makes me believe it's not a fraud.  While with an established ASIC manufacturer handling all the design and manufacture leads me to believe they won't fail through incompetence like BFL and HF.

[jaeyjay]

Yeah, I just saw that a couple minutes ago too. However, I am still doubtful on whether they will deliver the ASICs in time and if the specs posted are accurate.
http://www.reddit.com/r/litecoinmining/comments/1uveun/alpha_technologys_scam_team_akram_akram_akram_and/cem9uer
The people running Alpha itself do not seem that competent to me. You would imagine them to be in better shape when processing over a million dollars worth of orders.

Though, with the Dexcel news, Alpha looks much more credible now than a couple weeks ago. I would still be wary of the company and keep a close watch on them. Their refund policy does not benefit us at all. By the time Q2 comes around, you will only be refunded 50% if something happens to go wrong with delivery and you decide to pull out.

On a more positive topic, now that RSM seems to be getting into Litecoin mining, will dividends for that be released as BTC or LTC?

[matthewh3]

Yeah, I just saw that a couple minutes ago too. However, I am still doubtful on whether they will deliver the ASICs in time and if the specs posted are accurate.
http://www.reddit.com/r/litecoinmining/comments/1uveun/alpha_technologys_scam_team_akram_akram_akram_and/cem9uer
The people running Alpha itself do not seem that competent to me. You would imagine them to be in better shape when processing over a million dollars worth of orders.

Though, with the Dexcel news, Alpha looks much more credible now than a couple weeks ago. I would still be wary of the company and keep a close watch on them. Their refund policy does not benefit us at all. By the time Q2 comes around, you will only be refunded 50% if something happens to go wrong with delivery and you decide to pull out.

On a more positive topic, now that RSM seems to be getting into Litecoin mining, will dividends for that be released as BTC or LTC?

Dude I started RSM to fund-raise for a two GPU's and the market cap went over £100K last summer.  We all start somewhere with bitpay allowing them on their network and an established ASIC manufacture doing all the hardware it looks good  I hope    Who dares wins, without risk there's no reward and remember we're in the game of buying magic money making machines 

[matthewh3]

Yeah, I just saw that a couple minutes ago too. However, I am still doubtful on whether they will deliver the ASICs in time and if the specs posted are accurate.
http://www.reddit.com/r/litecoinmining/comments/1uveun/alpha_technologys_scam_team_akram_akram_akram_and/cem9uer
The people running Alpha itself do not seem that competent to me. You would imagine them to be in better shape when processing over a million dollars worth of orders.

Though, with the Dexcel news, Alpha looks much more credible now than a couple weeks ago. I would still be wary of the company and keep a close watch on them. Their refund policy does not benefit us at all. By the time Q2 comes around, you will only be refunded 50% if something happens to go wrong with delivery and you decide to pull out.

On a more positive topic, now that RSM seems to be getting into Litecoin mining, will dividends for that be released as BTC or LTC?

We're currently planning on putting 85% of turnover after costs into more LTC ASIC's or similar.  With 5% being used on staff salaries and 10% being given to RSM turnover as BTC.