Newar
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https://gliph.me/hUF
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March 05, 2013, 07:24:10 AM |
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Here's another thought: With the Gigamining shares in recovery, I presume you will take the free Teramining upgrade path once BFL delivers. Teramining will be running for nine months. As Giga- and Teramining can not be sold or transferred, why don't we keep everything we got now and get the various dividends from each and dismantle when Teramining is closing. That'd be the least hassle for you as well.
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CecilNiosaki
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March 05, 2013, 06:18:25 PM |
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I would prefer not to hold anything for nine months, especially when its value is so high. With the recent uptick in BTC price, I would be for their sale if that is agreed upon.
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DeaDTerra (OP)
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March 05, 2013, 07:20:54 PM |
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I have got some more information on ASICMINER and I have decided that the best option for now is to keep the shares and wait. Cashing in dividends mean while. As for gigamining, you can't sell the shares so there's no selling option there. //DeaDTerra
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iCEBREAKER
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Crypto is the separation of Power and State.
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March 05, 2013, 09:18:20 PM |
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Thanks for the update Terra! I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1! What can we do to make that happen? Buy shares of G.ASICMINER-PT and transfer them, or what? I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed.
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| "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
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DeaDTerra (OP)
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Activity: 1064
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March 05, 2013, 09:21:24 PM |
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Thanks for the update Terra! I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1! What can we do to make that happen? Buy shares of G.ASICMINER-PT and transfer them, or what? I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed. Yea , I would be happy to host the board for the fund, and pay out any profit it makes until the fund has been paid back and finally closed. What do you guys think of the idea of buying the 400 shares? It would currently cost us about 280 BTC, we currently have 120 BTC from the ASICMINER dividend. //DeaDTerra
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lenny_
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DARKNETMARKETS.COM
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March 05, 2013, 09:47:50 PM |
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What kind of device it gonna be? Is it guaranteed to receive it after buying 5k shares? What's the hashrate? We need to determine is it worth it or not. You guys we're saying about selling ASICMINER. And look - we already cashed out 120 BTC dividends. Keep it going
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strello
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March 05, 2013, 10:07:12 PM |
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Thanks for the update Terra! I just realized GBF is only 400 shares away from having a board seat and getting a trial ASICMINER mining board!!!!1! What can we do to make that happen? Buy shares of G.ASICMINER-PT and transfer them, or what? I'm in favor of reinvesting dividends until we get to 5,000 shares, and using cash too if needed. Yea , I would be happy to host the board for the fund, and pay out any profit it makes until the fund has been paid back and finally closed. What do you guys think of the idea of buying the 400 shares? It would currently cost us about 280 BTC, we currently have 120 BTC from the ASICMINER dividend. //DeaDTerra Great plan. Let's buy those extra 400 shares. How do we raise the extra needed BTC? And as lenny asks, we should be sure that this ASIC unit is going to be worthwhile, and what we do with it once the fund is paid out and closed.
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It is futile to speak of liberty as long as economic slavery exists. My GPG key
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Ukyo
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March 06, 2013, 01:34:06 AM |
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How do we raise the extra needed BTC?
That is an interesting question, how can it be done fairly for all holders. I think it might be impossible to ask for all share holders to pay in X btc equally. Also unfair that others might be forced to contribute more to get it done, and not get fair compensation. Can't really sell additional shares of the fund because then those shares would get unfair access to the other debts and decrease current shareholders value. The only possible method I see, is if someone lent the fund the remaining 160ish needed btc to buy shares, and the fund agreed to pay them back with a set interest rate. This would wipe out the 120btc currently in hand and create a debt of 160btc(+interest) for 400 more shares of AM and to be "given" a test board that has a hashrate of (??)mh at some later time not yet disclosed. I think it would be hard to get people to agree to that though, at least in a high majority fashion. By doing this, it is actually almost like continuing the fund and less closure.
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GoWest
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March 06, 2013, 01:51:44 AM |
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The more this is discussed, the more I would prefer to just liquidate the assets (0.7 BTC/share or higher) and forget about mining. Let's take what we can get and move on.
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CecilNiosaki
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March 06, 2013, 02:02:53 AM |
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I would prefer not to purchase any more shares
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keystroke
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March 06, 2013, 04:11:30 AM |
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The more this is discussed, the more I would prefer to just liquidate the assets (0.7 BTC/share or higher) and forget about mining. Let's take what we can get and move on.
Yea I would like to see this one closed up as soon as possible. It has been closing for too long. If we start mining that is a whole new set of risks and a huge management issue which we should not bear at this time. Let's keep it simple.
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"The difference between a castle and a prison is only a question of who holds the keys."
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CecilNiosaki
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March 06, 2013, 06:11:46 AM |
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As a side note, I think we should take advantage of the opportunity to liquidate at a high USD price while it presents itself later this month after ASIC shares pay out. By my math, we'll have around 1200BTC a month gained from these shares (at the current difficulty), and then selling them at 1BTC a share (I'd imagine they'll rise to this amount after they start paying out their dividends) would basically net us the remaining funds owed, and then anything else we recover can be used to be paid as "profit" to the shareholders. Optionally, I think it would be reasonable to allow people to deduct what the fund owes them in exchange for shares being transferred. In that manner, both sides get what they want It may be silly to be looking at this from USD standards, but I think it is fully realistic to take the possibility that the price could crash into account with the current market depth: http://bitcoin-analytics.com/It's not Ludvig's job to worry about that, but, personally, I'd be happy with getting the money out If the depth increases, I won't worry about it.
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ADgordo
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Activity: 203
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The World’s First Blockchain Core
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March 06, 2013, 06:52:12 AM |
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Buy the shares and reap what rewards we can. We're not made whole, let's try for it. The only place to go is up from here anyway...
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DeaDTerra (OP)
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Activity: 1064
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March 06, 2013, 07:08:45 AM |
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Okay raising more investment is probably not a good idea and it goes against the idea of closing the fund. How about we take the shares to BF, We can then get the dividends from the shares and the trial board? Without having to invest more capital.
While some off you want to sell, I honestly think we can get more BTC (usd depends on the exchange rate), if we hold these shares for a bit longer. According to friedcat,8 Thash will be up by the end of this week and hopefully the whole 10 Thash by next week. Then by the end of march/early April the 50 Thash will start being connected.
BFL don't ship until mid March and this will only be 5000 chips. Avalon don't ship until April. Hence we will be able to fill that gap which could be very profitable. //DeaDTerra
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strello
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March 06, 2013, 10:25:15 AM |
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Okay raising more investment is probably not a good idea and it goes against the idea of closing the fund. How about we take the shares to BF, We can then get the dividends from the shares and the trial board? Without having to invest more capital.
While some off you want to sell, I honestly think we can get more BTC (usd depends on the exchange rate), if we hold these shares for a bit longer. According to friedcat,8 Thash will be up by the end of this week and hopefully the whole 10 Thash by next week. Then by the end of march/early April the 50 Thash will start being connected.
BFL don't ship until mid March and this will only be 5000 chips. Avalon don't ship until April. Hence we will be able to fill that gap which could be very profitable. //DeaDTerra
I think this is the best suggestion so far. I suggest putting them up on Bitfunder at minimum 1 BTC each. Then we will get these probably very good dividends, or a nice profit if they sell. But then there is still the question of who owns the trial ASIC unit when/if the fund is paid out.
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It is futile to speak of liberty as long as economic slavery exists. My GPG key
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iCEBREAKER
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Activity: 2156
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Crypto is the separation of Power and State.
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March 06, 2013, 11:50:19 AM |
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put the trial asic on bitmit. Hash until it's sold.
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| "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
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DeaDTerra (OP)
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March 06, 2013, 02:34:31 PM |
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Okay, I have taken the decision to transfer them to the PT, As there's no fee we get the full dividend, we also get the extra dividend from the trial board. If there's a good opportunity I will sell them but for now I will keep them. //DeaDTerra
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DeaDTerra (OP)
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March 06, 2013, 02:43:32 PM |
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the trial asic? where can i get more info on this and why do you guys get one?
It was discussed with Friedcat, since the start of ASICMINER. Where we agreed that sending out a small trial board to the board members would be a nice thing to do and a way to show transparency so that they can prove the tech really exists etc. I am not sure if there's any public records of this, but I have talked to Friedcat and he has confirmed it. Anyone on the board will get one, or at least that's what I Friedcat said last time I talked to him. //DeaDTerra
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DeaDTerra (OP)
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March 06, 2013, 02:47:54 PM |
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the trial asic? where can i get more info on this and why do you guys get one?
It was discussed with Friedcat, since the start of ASICMINER. Where we agreed that sending out a small trial board to the board members would be a nice thing to do and a way to show transparency so that they can prove the tech really exists etc. I am not sure if there's any public records of this, but I have talked to Friedcat and he has confirmed it. Anyone on the board will get one, or at least that's what I Friedcat said last time I talked to him. //DeaDTerra I wish I knew that before I sold some stock. I will have to buy it back. Thanks. It will probably be a small board, for the sake of showing the technology not to actually be super good at mining xD //DeaDTerra
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strello
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March 06, 2013, 03:15:36 PM |
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Great decision DT. Do you have any idea when the trial board will start to give us dividends? I assume that ASICMINER will run it for us, rather than shipping an actual unit.
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It is futile to speak of liberty as long as economic slavery exists. My GPG key
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