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Author Topic: [Investment fund] Gamma Bitcoin Fund [Closed]  (Read 77893 times)
Newar
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April 22, 2013, 12:59:51 PM
 #861

Any news on Giga?

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April 23, 2013, 10:42:44 PM
 #862

Any news on Giga?

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

See the GigaThread for moar drama, oops I mean information.   Tongue

tl;dr Giga turns into Tera only once all BFL ASICs arrive and are hashing.  Then we're locked into 9 months of dividends before being able to sell the TM shares. 



The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
Newar
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April 24, 2013, 03:52:17 PM
 #863

Any news on Giga?

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

See the GigaThread for moar drama, oops I mean information.   Tongue

tl;dr Giga turns into Tera only once all BFL ASICs arrive and are hashing.  Then we're locked into 9 months of dividends before being able to sell the TM shares. 



I'm aware of that. What I meant: How is GBFs' Gigamining claim coming along?

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April 24, 2013, 05:45:48 PM
 #864

Any news on Giga?

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

See the GigaThread for moar drama, oops I mean information.   Tongue

tl;dr Giga turns into Tera only once all BFL ASICs arrive and are hashing.  Then we're locked into 9 months of dividends before being able to sell the TM shares. 



I'm aware of that. What I meant: How is GBFs' Gigamining claim coming along?
I have found a place where we can get it signed.
I plan to visit it tomorrow or on Friday.
//DeaDTerra
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April 25, 2013, 12:35:22 AM
 #865

Any news on Giga?

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

See the GigaThread for moar drama, oops I mean information.   Tongue

tl;dr Giga turns into Tera only once all BFL ASICs arrive and are hashing.  Then we're locked into 9 months of dividends before being able to sell the TM shares. 



I'm aware of that. What I meant: How is GBFs' Gigamining claim coming along?
I have found a place where we can get it signed.
I plan to visit it tomorrow or on Friday.
//DeaDTerra

Umm, the upgrade window closes in less than 48 hours.  You might be too late.

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April 25, 2013, 01:28:55 AM
 #866

Good news everyone:

Cognitive and Nasty are doing better as Avalon and BFL ramp up production!   Cool

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
DeaDTerra
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April 25, 2013, 04:48:34 AM
 #867

Any news on Giga?

To all verified Gigaminers:

The upgrade process to Teramining will be closed Friday morning.

To those who have already upgraded, a detailed explanation of the last few months plus the plan moving forward will be emailed to you once some lose ends are finalized.

Best,
James

See the GigaThread for moar drama, oops I mean information.   Tongue

tl;dr Giga turns into Tera only once all BFL ASICs arrive and are hashing.  Then we're locked into 9 months of dividends before being able to sell the TM shares. 



I'm aware of that. What I meant: How is GBFs' Gigamining claim coming along?
I have found a place where we can get it signed.
I plan to visit it tomorrow or on Friday.
//DeaDTerra

Umm, the upgrade window closes in less than 48 hours.  You might be too late.
I have talked to James, we are fine Smiley
//DeaDTerra
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April 25, 2013, 07:22:24 AM
 #868

That's good news. Thanks DT.
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May 04, 2013, 11:19:06 PM
 #869

How is the plan to sell ASICMINER proceeding? Estimates on the next payout? Thanks!

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May 05, 2013, 04:58:18 AM
 #870

How is the plan to sell ASICMINER proceeding? Estimates on the next payout? Thanks!

+1

+ Giga sort of promised the first Teramining payout tomorrow Monday. Are we in this?

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May 05, 2013, 07:32:13 AM
 #871

How is the plan to sell ASICMINER proceeding? Estimates on the next payout? Thanks!

+1

+ Giga sort of promised the first Teramining payout tomorrow Monday. Are we in this?
We currently have about 3600 AM shares left, they are selling off slowly but surely.
I have talked to James and we should be fine with the upgrade even though we did not make the deadline.
//DeaDTerra
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May 05, 2013, 10:12:30 AM
 #872

How is the plan to sell ASICMINER proceeding? Estimates on the next payout? Thanks!

+1

+ Giga sort of promised the first Teramining payout tomorrow Monday. Are we in this?
We currently have about 3600 AM shares left, they are selling off slowly but surely.
I have talked to James and we should be fine with the upgrade even though we did not make the deadline.
//DeaDTerra

What are you considering selling those AM shares for?

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May 05, 2013, 10:52:06 AM
 #873

How is the plan to sell ASICMINER proceeding? Estimates on the next payout? Thanks!

+1

+ Giga sort of promised the first Teramining payout tomorrow Monday. Are we in this?
We currently have about 3600 AM shares left, they are selling off slowly but surely.
I have talked to James and we should be fine with the upgrade even though we did not make the deadline.
//DeaDTerra

What are you considering selling those AM shares for?
I currently have some ask walls up Smiley
Around 1.3-1.4 is what I am looking to sell some of them for.
I do not wish to sell them all at once as I believe that AM still has a bit to climb especially after the extra 8 Thash has come online.
//DeaDTerra
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May 08, 2013, 12:44:51 PM
 #874

A bit of a update Smiley
The payout got delayed due to that we in Sweden have a 4 day weekend so I was unable to get the Gigamining papers signed as the lawyer office were closed.
Amount of ASICMINER shares held: 3601
Amount of BTC held: 706.9 BTC

We also have 956 GigaMining shares, 606 BTCMC shares, 617 Cognitive shares. 50 LTC-Mining, 953 MU shares. 774 MOORE shares.
The rest have defaulted, are inactive or have been sold off.
The gigamining should give us about 300+ BTC once we claim them.
//DeaDTerra
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May 08, 2013, 02:22:08 PM
 #875

Gamma valuation snapshot

(check my math & formula construct below before relying on the results)

Want to know how much value (BTC) is in your personal Gamma shares?

(assuming the only assets of any real value are BTC, ASICMiner, and GigaMining)

Gamma investors can calculate their percent ownership of the total fund from here:
https://docs.google.com/spreadsheet/ccc?key=0AjO5QWRR9dAHdHZJRE1WRU00RWVEcEFNT0FQWmtlYmc#gid=0

(while the numbers in the 'A' column are outdated amounts due to partial payouts, they are still useful for calculating percent ownership of remaining assets)

Divide your personal number in column 'A' by 7214.14 (the grand total of column 'A') and that's your percent ownership of Gamma.

Multiply that resulting percent by 5407.30 to get the BTC value of your holdings.

Here's the math I use to come up with 5407.30:

706.9 BTC + (3601 ASICMiner shares x 1.222 BTC/share) + (300 BTC from GigaMining) = 5407.30


I'd appreciate it if someone would verify my assumptions / math / formulas please...
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May 08, 2013, 02:46:44 PM
 #876

Gamma valuation snapshot

Divide your personal number in column 'A' by 7214.14 (the grand total of column 'A') and that's your percent ownership of Gamma.

Multiply that resulting percent by 5407.30 to get the BTC value of your holdings.

Here's the math I use to come up with 5407.30:

706.9 BTC + (3601 ASICMiner shares x 1.222 BTC/share) + (300 BTC from GigaMining) = 5407.30


I'd appreciate it if someone would verify my assumptions / math / formulas please...


Math looks good.

Assumptions ok. I see ASICMiner more like 1.28, but in the ballpark.  Smiley

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May 08, 2013, 04:03:18 PM
 #877

A bit of a update Smiley
The payout got delayed due to that we in Sweden have a 4 day weekend so I was unable to get the Gigamining papers signed as the lawyer office were closed.
Amount of ASICMINER shares held: 3601
Amount of BTC held: 706.9 BTC

We also have 956 GigaMining shares, 606 BTCMC shares, 617 Cognitive shares. 50 LTC-Mining, 953 MU shares. 774 MOORE shares.
The rest have defaulted, are inactive or have been sold off.
The gigamining should give us about 300+ BTC once we claim them.
//DeaDTerra

Thanks for the update DT. Let us know if we can be of any help.

Edit: Looks like ASICMINER has a last of 1.31. Are some of our shares selling?

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May 08, 2013, 05:26:15 PM
 #878

Buying Gamma Shares

Want cash now? I am interested in purchasing your shares in Gamma.

I have immediate USD and/or BTC available - almost any payment method you prefer.

At this time, I'm offering  $20 / share (or equivalent in BTC)

All transfers will be private & confidential. PM me for details.
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May 08, 2013, 06:37:40 PM
 #879

EDIT: Updated AM value to 1.328.   Cool Cool Cool

Thanks for the update DT.  It's great we're over the hill and on our way to seeing returns on investment.

Lowery, your estimator thingy may also include the value of 606 BTCMC, 617 Cognitive, 50 LTC-Mining, 953 MU, and 774 MOORE shares.

BTCMC is isn't trading, but a value of BTC0.5915 per share can be inferred from the premium DMC trades for over 1/11 AM:
0.1745 * 11 = 1.9195
1.9195 - 1.328 = 0.5915
0.5915 * 606 = BTC358.449

Cognitive
0.24452 * 617 = BTC150.86884

LTC-Mining
0.39167 * 50 = BTC19.5835

MU isn't trading, but has viable assets worth BTC0.269579926/share and may now be sitting on a larger heap of BTC and dividends.
539 YABMC * 0.01709 = 9.21151
+37 NASTY * 0.299 = 11.063
+256 COGNITIVE * 0.24452 = 62.59712
+811 AM * 1.328 = 1077.008
+40 BFLS = 28
+160.025BTC
= 1347.89963
1347.89963 / 5000 = 0.269579926
0.269579926 * 953 = BTC256.909669478

MOORE isn't trading, but is still growing and paying dividends so let's use the IPO price.
0.5 * 774 = BTC387

Total = 358.449 + 150.86884 + 19.5835 + 256.909669478 + 387 = BTC1172.811009478

5789.028 (cash + AM + GIGA) + 1172.811009478 =
Grand Total of BTC6961.839009478

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
keystroke
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May 08, 2013, 08:26:24 PM
 #880

ASICMINER at 1.387474 on https://btct.co/security/ASICMINER-PT
Have many of our shares sold?

"The difference between a castle and a prison is only a question of who holds the keys."
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