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Author Topic: [GLBSE] Introducing: Bitcoin Syndicate, a new mining op trading publicly!  (Read 21398 times)
Glasswalker
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March 30, 2012, 03:06:55 PM
 #141

Thanks for the heads up mila. HorseRider makes some interesting assessments, but he also made a couple of accusations directed at myself/btcsyn I didn't appreciate. I've posted a response in the linked thread. Smiley

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March 31, 2012, 04:22:56 PM
 #142

Thanks for the heads up mila. HorseRider makes some interesting assessments, but he also made a couple of accusations directed at myself/btcsyn I didn't appreciate. I've posted a response in the linked thread. Smiley

I do think your company is a great company at the IPO price ,and the price has lots of potential. The FPGA.contract once get to 0.5BTC which confused me so much.The shareholders will have to spend near 50 month to cover the investment cost suppose that the net income stay as today. FPGA.contract is a great mining farm, but not very good investment decision to purchase it at that high price since there are shares of BTCSYN which can be purchased at 20x of monthly net income.

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April 01, 2012, 02:02:33 PM
 #143

Hey, so it's officially April 1st, and so it's time to take up our earnings from the partial month of March, and divide them up into Growth and Dividends.

Woohoo! First Dividends!

I'll do the payout for dividends later today. But to announce the numbers:

Exact Total Balance: 105.36151360 BTC
62.37295882 BTC Total in earnings since the end of the IPO period.

80% for growth: 49.898367056 BTC
20% for dividends: 12.474591764 BTC
at 12,000 shares the dividend being paid per share: 0.00103954

I've moved over the appropriate amounts to growth and dividend accounts. As I said I'll do the payout later today!

Congrats on First Dividends!

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
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April 02, 2012, 12:23:55 PM
 #144

Glasswalker, could you please add those 6G FPGA mining power rig's status onto the statistic webpage, even if with a simple number and a simple explanation? Hopefully that it will not be troublesome. or As Mila posted on the btcsyn.com forum, give it a link at the page. So the potential new shareholders won't miss that 6G in their decision.

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mila
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April 02, 2012, 12:55:48 PM
 #145

Glasswalker, could you please add those 6G FPGA mining power rig's status onto the statistic webpage, even if with a simple number and a simple explanation? Hopefully that it will not be troublesome. or As Mila posted on the btcsyn.com forum, give it a link at the page. So the potential new shareholders won't miss that 6G in their decision.


Noooooooooooooooooooooooooooooooooooooooooooooooo!

waiving good-bye to to cheap buy orders ... (misinformed sellers are better than no sellers)

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April 02, 2012, 01:57:07 PM
 #146

Glasswalker, could you please add those 6G FPGA mining power rig's status onto the statistic webpage, even if with a simple number and a simple explanation? Hopefully that it will not be troublesome. or As Mila posted on the btcsyn.com forum, give it a link at the page. So the potential new shareholders won't miss that 6G in their decision.


Noooooooooooooooooooooooooooooooooooooooooooooooo!

waiving good-bye to to cheap buy orders ... (misinformed sellers are better than no sellers)

Someone has already discovered the secret of the BTCSYN, and put up a 300 shares ask order!

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April 02, 2012, 02:05:45 PM
 #147

Someone has already discovered the secret of the BTCSYN, and put up a 300 shares ask order!

if bought on the last day of ipo the price is not that bad (from potential seller's point of view).
fpga.contract sells around .50 today and btcsyn under .30 is a nice discount imho

and people are already selling into it! 2 trades according to twitter so far.
interesting. thanks for the tip

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April 04, 2012, 01:46:48 PM
 #148

Woohoo! First dividends paid!

Total of 12.47448 paid from partial earnings from march (for some reason GLBSE altered the total, I said to pay 12.47459176 but it decided to pay 12.47448, not sure why that happened).

So a total of 0.00103954 per share has been issued!

Here's looking forward to a nice full month of earnings for April!

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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April 04, 2012, 01:49:33 PM
 #149

Woohoo! First dividends paid!

Total of 12.47448 paid from partial earnings from march (for some reason GLBSE altered the total, I said to pay 12.47459176 but it decided to pay 12.47448, not sure why that happened).

So a total of 0.00103954 per share has been issued!

Here's looking forward to a nice full month of earnings for April!
It's a rounding issue, essentially the dividend payment doesn't split perfectly for all the shares, so it will pay the closest available.

Congrads on the first payment.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
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April 04, 2012, 01:59:41 PM
 #150

Ahh ok, thanks nefario! That makes perfect sense now that I think about it lol Smiley

FYI the remainder left over is still sitting in the GLBSE account, so it will wait until the next dividend payment and tack onto the total then. I'll just let these tiny rounding error amounts accumulate and keep paying out each month.

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
stochastic
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April 14, 2012, 06:35:39 PM
 #151

I was searching through the posts but could not find the answer.  Are dividends released weekly?

Introducing constraints to the economy only serves to limit what can be economical.
mila
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April 14, 2012, 07:23:19 PM
 #152

I was searching through the posts but could not find the answer.  Are dividends released weekly?

(*) dividends are monthly
and are split 20 % payout as dividends and 80 % to reinvest in more mining gear

* https://bitcointalk.org/index.php?topic=64638.msg761356#msg761356
- We will grow in value rapidly due to 80% of mining power being re-invested
- We pay out 20% of all mining power to dividends monthly

& http://www.btcsyn.com/bylaws
- The "Growth Rate Percentage" is defined as 80%
- Each month, the remaining Earnings/Profit after deducting monthly operating expenses, and the Growth Budget, will be added in full to that months Dividend Disbursement.
- The dividend disbursement will be paid in full within the first 7 days of the following month, to the shareholders based on their volume of held shares in the Syndicate

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Glasswalker
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April 20, 2012, 02:43:39 AM
 #153

Those of you who own shares, please see this post on our main forums. Please read and respond ASAP if possible.

Thanks!

http://forum.btcsyn.com/viewtopic.php?f=7&t=69

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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April 20, 2012, 11:44:03 PM
 #154

Syndicate hashrate down from ~12 GH to ~3. What's going on?

-- BinaryMage -- | OTC | PGP
mila
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April 21, 2012, 01:15:21 AM
 #155

Syndicate hashrate down from ~12 GH to ~3. What's going on?

I guess the power is being redirected Wink
I saw a moment when the FPGA rig was mining at 1 gh/s, as if the majority of boards was reconfigured ... it was dropping since then.

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April 21, 2012, 01:53:44 AM
 #156

Syndicate hashrate down from ~12 GH to ~3. What's going on?

I guess the power is being redirected Wink
I saw a moment when the FPGA rig was mining at 1 gh/s, as if the majority of boards was reconfigured ... it was dropping since then.


Without a motion? Huh?

-- BinaryMage -- | OTC | PGP
Glasswalker
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April 21, 2012, 01:59:58 AM
 #157

Sorry actually there was a power interruption in my house and I had to get home to correct it. The FPGAs should be mining again shortly. Sorry for the confusion (and odd timing) lol...

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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April 21, 2012, 02:04:09 AM
 #158

Sorry actually there was a power interruption in my house and I had to get home to correct it. The FPGAs should be mining again shortly. Sorry for the confusion (and odd timing) lol...

Glad you got it fixed, hopefully stats will come back up shortly.

-- BinaryMage -- | OTC | PGP
Glasswalker
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April 21, 2012, 02:05:38 AM
 #159

Well not fixed yet, shortly Wink I JUST got home. Working on it now.

My other miners came back up but for some reason MPBM on the FPGA miner is crashing. (It runs for a few seconds then locks up) I'm working on it now.

Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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April 21, 2012, 03:24:42 AM
 #160

Well all miners appear to work, but something has gone terribly wrong with MPBM. It now locks up hard after anywhere from 30seconds to 10minutes of mining

No ideas why. I'm working with TheSeven now but there might be a more extended outage unfortunately. I'm trying to work with TheSeven (maker of MPBM) and do troubleshooting but this is a bizarre issue. I'll keep you all informed as I have more info.


Just trying to make Bitcoin a Success... One crazy project at a time. (13rwPKskyATcAq3PpnCikfFG8989DQ8M3c)
HashVoodoo Open Source FPGA Mining Bitstream: https://github.com/pmumby/hashvoodoo-fpga-bitcoin-miner
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