Creative Mining Official IPO thread

[CreativeMining]

Looks interesting.  Do you plan on adding more scrypt mining power to the farm?

Yes, We are aiming to constantly expand our mining facility. We are using our reinvestment fund to achieve that.

[CreativeMining]

Creative Mining Dividends 26.09.2014


Total Bitcoins mined:                                  BTC3.75786005

Creative Mining Investment Fund (35%):     BTC1.31525101

Total Profit (65%):                                     BTC2.44260903

Maintanance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  26.09.2014                                 BTC0.00024426

[CreativeMining]

Dear shareholders,

Creative Mining Re-investment fund has now accumulated 4.91360190 BTC. We will be placing an order for Antminers S4 B2 with Bitmaintech as soon as becomes available for order. Additionally, We are expecting delivery of our 5x Antminers S3 B8 Monday next week. This will increase Creative Mining total hashrate to ~40Th/s+ or ~4Gh/s per share.

Creative Mining

"The future is bright"

[CreativeMining]

Dear Shareholders

As expected, We have received the delivery of 5 Antminers S3 batch #8 from BitmainTech. All devices are hashing steadily since this morning at 455Gh/s each. Our total hashing power is now ~38.6Th/s or for our Shareholders it's ~3.86Gh/s per share.

Additionally, We have received an email from BitmainTech today, stating Antminers S4 from batch #2 are now available to order. Therefore, and without any hesitation, We have secured an order for 2x Antminers S4 B2. Order total = BTC 6.574 . Estimated delivery was scheduled for middle October . Creative Mining re-investment fund hasn't yet accumulated enough Bitcoins for this purchase, but We decided to loan just over 1 Bitcoin to re-investment fund from our own pocket. We really wanted to make this purchase as soon as possible and this was the quickest option. Loan will be repaid once our re-investment fund accumulates funds. This addition will increase Creative Mining total hashing power to 40Th/s+ and for our Shareholders 4Gh/s+ per share. 

Creative Mining financial statement for September will follow shortly.


Creative Mining
"The future is bright"

[freedomno1]

Unfortunate name, I can't help but think of CreativeX and Basic Mining (scammer).

Same here actually was thinking is this Basic revived but otherwise the idea does seem similar but with a weekly instead of daily payout
That said will observe for a while

[Puppet]

lol new user, IPO. I'm tired of this, really. I don't post in Securities a lot but I am seeing this daily.

We need more proof to validate why and how we can trust you with our money without you delivering anything.

Oh, common, he even disclosed his name. "Kris". Im gonna send all my BTC there, what could possibly go wrong?

[CreativeMining]

Creative Mining Financial Statement 02.10.2014 (docx)

http://speedy.sh/vhSKQ/Statement02.10.2014.docx

[CreativeMining]

Creative Mining Dividends 03.10.2014


Total Bitcoins mined:                                  BTC4.15395881

Creative Mining Investment Fund (35%):     BTC1.45388558

Total Profit (65%):                                     BTC2.70007322

Maintanance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  03.10.2014                                 BTC0.00027000

[CreativeMining]

Creative Mining Dividends 10.10.2014


Total Bitcoins mined:                                  BTC4.12792118

Creative Mining Investment Fund (35%):     BTC1.44477241

Total Profit (65%):                                     BTC2.68314876

Maintanance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  10.10.2014                                 BTC0.00026831

[CreativeMining]

Dear Shareholders

We have secured the purchase of 2x CoinTerra TerraMiners IV. After testing both miners are performing as others and hashing at ~1.6Th/s each. We are proud to announce, We have already reached our total hashing power goal of 40Th/s. Additionally, We are still awaiting delivery of 2x Antminers S4 B2. Our current total hashing power is now ~41.9Th/s or ~4.19Gh/s per share.

 

Creative Mining

"The future is bright"

[My Name Was Taken]

You've got access to free electricity?? Did you obtain that access/electricity legally? I don't really think that electricity is the cheapest commodity in Germany... I guess you guys are located in one of Germany's industrial centres?

Yes, we have access to free electricity grid up to 100kW and yes, it's obtained legally. The Industrial estate on where Creative Mining underground facility is located, is a privately owned land belonging to Creative Mining operator relatives. Therefore, there is no electricity or hosting costs involved. These advantages will make Creative Mining competitive with any other mining assets on the market.

Can you elaborate on this any more? If I understand this correctly, the electricity is free to you, but someone in your family is paying for it? Why would they subsidize your mining operation?

[CreativeMining]

You've got access to free electricity?? Did you obtain that access/electricity legally? I don't really think that electricity is the cheapest commodity in Germany... I guess you guys are located in one of Germany's industrial centres?

Yes, we have access to free electricity grid up to 100kW and yes, it's obtained legally. The Industrial estate on where Creative Mining underground facility is located, is a privately owned land belonging to Creative Mining operator relatives. Therefore, there is no electricity or hosting costs involved. These advantages will make Creative Mining competitive with any other mining assets on the market.

Can you elaborate on this any more? If I understand this correctly, the electricity is free to you, but someone in your family is paying for it? Why would they subsidize your mining operation?

We are using the spare grid for the industrial estate, as long as We do not exceed our set output, or emergency grid is not needed, electricity is free.   

[CreativeMining]

Great news!

We have received our two AntMiners S4 B2 today. After quick testing both miners performing better than expected and hashing at ~2.1Th/s each. Our total hashing power is now at ~46.2Th/s! Happy mining.

 

Creative Mining

"The future is bright"

[CreativeMining]

Creative Mining Dividends 17.10.2014


Total Bitcoins mined:                                  BTC4.39445961

Creative Mining Investment Fund (35%):     BTC1.53806086

Total Profit (65%):                                     BTC2.85639874

Maintanance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  17.10.2014                                 BTC0.00028563

[CreativeMining]

Dear Shareholders

We are on a business trip securing the purchase of new equipment for our mining facility and We were unable to schedule dividend payments yesterday. This week payout will roll over to next week so all our Shareholders will receive a double dividend.

Creative Mining

"The future is bright"

[CreativeMining]

Creative Mining Dividends 31.10.2014


Creative Mining dividends due 24.10.2014

Total Bitcoins mined:                                  BTC4.49131822

Creative Mining Investment Fund (35%):        BTC1.57196137

Total Profit (65%):                                     BTC2.91935684

Maintenance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Dividend payout (per share):
 
24.10.2014                                                BTC0.00029193





Creative Mining dividends due 31.10.2014

Total Bitcoins mined:                                  BTC4.57533910

Creative Mining Investment Fund (35%):        BTC1.60136868

Total Profit (65%):                                     BTC2.97397041

Maintenance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Dividend payout (per share):
 
31.10.2014                                                BTC0.00029739



Total Dividend payout (per share):

31.10.2014                                       BTC0.00058932                         

[CreativeMining]

Dear Shareholders

We are happy to announce We have purchased 8 (eight) AntMiners S3 batch #6 thanks to our fellow miner from Poland. We are still in the process of upgrading and setting up the miners but We will make announcement as soon as We are ready. Please stay tuned. Happy Halloween

Creative Mining

"The future is bright"

[lobbes]

lol new user, IPO. I'm tired of this, really. I don't post in Securities a lot but I am seeing this daily.

We need more proof to validate why and how we can trust you with our money without you delivering anything.

This is why the WoT is such a powerful tool, and why you really can't trust any of these
'offerings'

Even with 'proof' of validation, you still don't know the OP from Adam. We've seen this so many times in this forum; the OP may look credible, but it is still an 'Over-the-counter' interaction, with no regulation. The counter-party risk is huge here and, as history tells us, rarely works out for the best.

At least if you could look in the WoT, and see that, "Hey, Jimbo has dealt with this guy, and I trust Jimbo's opinion," then you would have a fighting chance.

The plain fact is, you won't know if any of these offerings are a scam until it is too late. If you're newbie that is reading this, and don't believe me, just hang around for a few months and watch. You'll see that you are swimming in a sea of scams.

[My Name Was Taken]

lol new user, IPO. I'm tired of this, really. I don't post in Securities a lot but I am seeing this daily.

We need more proof to validate why and how we can trust you with our money without you delivering anything.

This is why the WoT is such a powerful tool, and why you really can't trust any of these
'offerings'

Even with 'proof' of validation, you still don't know the OP from Adam. We've seen this so many times in this forum; the OP may look credible, but it is still an 'Over-the-counter' interaction, with no regulation. The counter-party risk is huge here and, as history tells us, rarely works out for the best.

At least if you could look in the WoT, and see that, "Hey, Jimbo has dealt with this guy, and I trust Jimbo's opinion," then you would have a fighting chance.

The plain fact is, you won't know if any of these offerings are a scam until it is too late. If you're newbie that is reading this, and don't believe me, just hang around for a few months and watch. You'll see that you are swimming in a sea of scams.

What is "WoT?"

[lobbes]

...
What is "WoT?"

Web of Trust (for bitcoin-otc)

For the official explanation: http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System

A nice 'high-level' overview by everyone's favorite guy, Mircea Popescu (opinions aside, the guy makes a lot of sense about a lot of things Bitcoin): http://trilema.com/2014/what-the-wot-is-for-how-it-works-and-how-to-use-it/