[Investment fund] Gamma Bitcoin Fund [Closed]

[Newar]

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.   

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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[DeaDTerra]

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.   

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

[GoWest]

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.   

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.

[iCEBREAKER]

Good news everyone:

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

[DeaDTerra]

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.   

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
//DeaDTerra

[SeBTC]

That's good news. Thanks DT.

[keystroke]

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

[Newar]

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?

[DeaDTerra]

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

[DiabloD3]

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?

[DeaDTerra]

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
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

[DeaDTerra]

A bit of a update
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

[LoweryCBS]

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...

[MikeMark]

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. 

[keystroke]

A bit of a update
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?

[LoweryCBS]

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.

[iCEBREAKER]

EDIT: Updated AM value to 1.328.   

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

[keystroke]

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

[DeaDTerra]

EDIT: Updated AM value to 1.328.   

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

Right I forgot to mention the shares which have not defaulted (are still paying dividends) but we can't sell.
400 BFLS.RIG
27 BFL
//DeaDTerra

[DeaDTerra]

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

We now have 3351 shares, we sold off some shares at 1.349 BTC each.
//DeaDTerra