BMMO has been updated with the new base layout all companies will have. This is just a basic, company only information layout, and soon will be updated to include metrics exclusive to the company, and others like it.
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- Bitcointalk.org Forum ThreadCEO - teekBitcointalk.org Member Since -
Blockminers.com (BMMO) was started on September 4th, 2011 by Bitcointalk.org member teek. The company IPOed at 0.10 BTC per share, and released 4,000 shares.
BMMO is a company that, rather than issuing shares for part ownership of the company, issue shares that tie directly into a the output of the company. This means the company is essentially a long term mining contract, with no recurring cost to the investor.
The company started with 4 GHash/s of mining power, and each share was worth 1 MHash/s. Currently (03/02/2012) the company operates with 10 GHash/s, making each share worth 2.5 MHash/s.
This company currently charges a 0.0015 BTC (29.41%) per share fee from gross income per share. The company also pays out 100% of profit to shareholders; because of this, the company’s dividend follows the difficulty of the Bitcoin network. The higher the difficulty goes, the lower the dividend gets, and vice versa.Contract Summary -
One share entitles the bearer to 1 MHash/s of mining power. Share owners do not have any voting rights. A share is in no way a representation of ownership in the company. Dividends are paid within the first 5 calendar days of a given month. (Revised to weekly)
If the company starts mining at a loss, BMMO has the right to stop mining, until mining is profitable again, or indefinitely. BMMO will use all reasonable efforts to ensure shareholder value.Full Contract -
This share entitles the holder to at least ONE MILLION HASHES PER SECOND of hashpower. This hashpower will be used in private computer system owned by BLOCKMINERS.COM and used in the process of "mining" bitcoins. All dividends will be payable within the first 5 calendar days of the following month. (Revised to Weekly)
Dividends are not pro-rated; you must hold the share at time of dividend to be paid. The formula for producing dividends is the total amount of mining revenue minus total fees divided by the number of outstanding shares. Mining revenue is the total amount of revenue generated by mining operations in one calendar month. All dates / times will be represented in UTC. The fees as of issue are .003 BTC Per Share and are subject to recalculation monthly on settlement day for the following month. In the event the cost of mining exceeds the value of coins mined, BLOCKMINERS.COM may suspend mining operation for as long as it sees fit to mitigate potential loss, or indefinitely. Though the team at BLOCKMINERS.COM will use all reasonable efforts to ensure value for the holders of these shares, the shares are provided on a best effort basis and as with any investment there is risk involved. Please do not invest what you cannot afford to lose. The limit of liability of a shareholder is limited to the capital already invested when this share was purchased. *** This share does not represent ownership of any company ***Similar Companies -
PureMiningTrading Volume - Recorded 03/02/2012
1 Day - 20 Shares
2 Day - 37 Shares
7 Day - 85 Shares
30 Day - 345 Shares
6 Month - 4,509 SharesTrading Price Averages - Recorded 03/02/2012
1 Day - 0.3935 BTC per share
2 Day - 0.3968 BTC per share
7 Day - 0.3894 BTC per share
30 Day - 0.3834 BTC per share
6 Month - 0.1957 BTC per shareDividend Payout Type -
Weekly dividends - Normally paid on SundaysDividend History -
10/02/2011 - 0.0142 BTC Per Share
11/01/2011 - 0.0146 BTC Per Share
12/03/2011 - 0.0159 BTC Per ShareSwitched dividend payout from monthly to weekly.
12/11/2011 - 0.0055 BTC Per Share
12/18/2011 - 0.0046 BTC Per Share
12/26/2011 - 0.0041 BTC Per Share
01/01/2012 - 0.0044 BTC Per Share
01/08/2012 - 0.0041 BTC Per Share
01/15/2012 - 0.0041 BTC Per Share
01/22/2012 - 0.0041 BTC Per Share
01/29/2012 - 0.0040 BTC Per Share
02/05/2012 - 0.0039 BTC Per Share
02/12/2012 - 0.0036 BTC Per Share
02/19/2012 - 0.0036 BTC Per Share
02/26/2012 - 0.0036 BTC Per Share