Creative Mining Official IPO thread

[My Name Was Taken]

...
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/

Ok, so that's mainly an IRC rating type thing? Does the trust system in this forum work similar or different than WoT?

[lobbes]

...
Ok, so that's mainly an IRC rating type thing? Does the trust system in this forum work similar or different than WoT?

The 'rating' and 'authenticating' is done via IRC, yes. The trust system works almost anywhere that would require trust.

The trust system in this forum is not the same, no. Anybody can create an account, and there is no 'authentication,' so the same guy could, in theory, create 50 accounts to give his main account 50 positive reviews. He could buy 'aged' accounts from others (a common practice) to make this look legitimate.

The beauty of WoT is the fact that you can, through PGP, be sure that the person you dealing with is actually the person they are claiming to be. Now, you only know that they hold the private key to their registration within the WoT, that is it. The rest is up to you in terms of trusting them, just like if you were talking to someone in real life. You know that the person is who they are because they are standing in front of you. The trust flows from your, and your trusted peer's interactions with this person, not the system itself.

To quote from one of my earlier links:

The Web of Trust is merely the infrastructure upon which trust is built, by you, for your own use, within yourself. The same objective set of relations can result in drastically different trust in the eyes of drastically different third parties. The point of the WoT is not to make these judgements for you.

[CreativeMining]

Creative Mining Financial Statement 02.11.2014 (docx)

http://speedy.sh/Txn3G/Statement01.11.2014.docx

[coinmaster222]

How do you buy shares here if your interested??

[CreativeMining]

How do you buy shares here if your interested??

Creative Mining IPO shares are available to purchase only on Crypto-Trade.com Ticker ID: CREATIVE CRM/BTC

https://crypto-trade.com/securities/trade/crm_btc

[CreativeMining]

Dear Shareholders

We have managed to deploy all recently purchased 8 (eight) AntMiners S3 B6. Our total hashing power is now coming up to a whopping ~50Th/s and climbing. Additionally, We will be purchasing another 5 (five) AntMiners S3 B6 as soon as they are ready for shipment.

We would like to sincerely thank Mariusz and his "Miner Syndicate" team for suppling Creative Mining with great service at affordable prices. Mariusz will be the first person to visit our mining facility in Bochum when he comes back from his business travel. I am sure he will be more than happy to share his experiences and provide a quick review.

Creative Mining

"The future is bright"

[johnswilliams5]

CREATIVE MINING

Creative Mining was created with the intent to give investors the opportunity to participate in Bitcoin mining, without purchasing and maintaining their own hardware.


ABOUT ME

I gathered interest and started mining Bitcoin in early 2013. It has been an awesome experience so far but recently, it has become much more than that for me. As for growth, I see great potential. I want to expand Creative Mining largely and will be doing so, obviously, in accordance with the terms of this project.


PROJECT LOCATION

Creative Mining
Seilfahrt, Bochum
North Rhine-Westphalia, Germany
office@creativemining.eu

Creative Mining website

Crypto-Trade.com TickerID - CREATIVE



MINING

Creative Mining is a Bitcoin mining project, located in Bochum, Germany. Our miners are kept at a very secured location underground, with access to free electricity grid, up to a maximum of 100kW. These advantages will make Creative Mining competitive with any other mining assets on the market. The company will offer 10,000 non-dilutable shares of a Creative Mining.


DIVIDENDS

Dividends will automatically appear in shareholders Bitcoin wallets every Friday. Dividends will consist of 65% of Creative Mining net revenue for the week. Net revenue is defined as the total of all Bitcoins mined minus maintenance costs.
The percentage of the net revenue paid in dividends can change if shareholders vote to change it. Such action will only occur if the state of the Bitcoin mining space demands it.


REINVESTMENT

Every week, Creative Mining will reserve a percentage of mined Bitcoins equal to 35% of net revenue. These investments will allow Creative Mining to deploy additional hardware. Time of deployment for this additional hardware will be in the best interest of shareholders.


OUR CURRENT MINING SET-UP

4x 'KNC' Neptunes with first ever 20nm chip, 20 boxes hashing at ~13.8 Th/s total

13x 'CoinTerra' Terraminers with 4 x GoldStrike 28nm ASIC Chips (2 per board) hashing at ~1.6 Th/s each - ~19.5 Th/s total

6x 'Avalon' #2Batch 2 module 160 55nm chips on each module, hashing at ~240Gh/s each - ~1.41 Th/s total

120x 'Gridseed' Dual 5 chips on each module, hashing at ~11Gh/s each - ~1.3Th/s total

6x 'Bitmaintech' AntMiner S3 B6 hashing at ~450Gh/s each - ~2.7Th/s total

5x 'Bitmaintech' AntMiner S3 B8 hashing at ~455Gh/s each - ~2.3Th/s total

2x 'Bitmaintech' AntMiner S4 B2 hashing at ~2.1Th/s each - ~4.2Th/s total

Creative Mining total hashing power ~46Th/s = 4.6Gh/s per share

www.creativemining.eu
office@creativemining.eu

WOW! its really cool reading all the post and replies...as I'm reading im also getting ideas that I need to research more to know what you really talking.thinking it it really true or it is a scam? ..BTC

[CreativeMining]

Creative Mining Dividends 07.11.2014


Total Bitcoins mined:                                  BTC4.54179939

Creative Mining Investment Fund (35%):        BTC1.58962978

Total Profit (65%):                                     BTC2.95216960

Maintanance Fee:                                       BTC0

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  07.11.2014                                      BTC0.00029521

[CreativeMining]

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

[My Name Was Taken]

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

[CreativeMining]

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

Creative Mining dividend payouts will continue as per contract.

It simply means We are using the profit We have made so far to expand our mining facility. Yes, the living quarters were initially created for the operators to stay overnight. The space was also used as storage room for boxes and spare equipment.

[My Name Was Taken]

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

Creative Mining dividend payouts will continue as per contract.

It simply means We are using the profit We have made so far to expand our mining facility. Yes, the living quarters were initially created for the operators to stay overnight. The space was also used as storage room for boxes and spare equipment.

Does that mean the profit that you designate for 're-investment' or is the money coming from somewhere else?

[CreativeMining]

Dear Shareholders,

Creative Mining management team held initial meeting last friday regarding the future of our mining facility in Bochum. We have decided we will use our mining profit and re-investment funds to expand mining operation in to living quarters of our underground facility. This will give us about 40m2 of space and allow us to use the full advantage of free electricity grid. We have already purchased the racking system, fire suppression unit, 3x 12" server extraction units, electrical wiring and power strips. We are currently in the process of evaluating our power usage to maximize the outcome.

We are considering launching our own cloud mining service after the Initial Public Offering shares are sold. Creative Mining board meeting will be scheduled for next week.

Additionally, we have just received our 5 (five) AntMiners S3 from Mariusz and another order was placed with BitmainTech re-seller for 12 (twelve) AntMiners S4. These will be deployed once We have the 2nd server room ready. More updates will follow.

We have engaged in conversation with one of the leading marketing firms. Creative Mining will soon be launching it's own marketing campaign. Stay tuned.

Creative Mining

"The future is bright"

It sounds like you will no longer be paying dividends. Is that accurate?

What does "expand mining operation in to living quarters" mean? Are you living at the facility underground?

Creative Mining dividend payouts will continue as per contract.

It simply means We are using the profit We have made so far to expand our mining facility. Yes, the living quarters were initially created for the operators to stay overnight. The space was also used as storage room for boxes and spare equipment.

Does that mean the profit that you designate for 're-investment' or is the money coming from somewhere else?

Yes, Creative Mining re-investment fund is also used for the expansion but mainly, We are funding the operation from mining profit We have made since our launch on Crypto-Trade.com.

[CreativeMining]

Creative Mining Dividends 14.11.2014


Total Bitcoins mined:                                  BTC4.81309198

Creative Mining Investment Fund (35%):        BTC1.68458219

Total Profit (65%):                                     BTC3.12850978

Maintanance Fee:                                       BTC0.05

Electricity Costs:                                        BTC0


Total Dividend payout (per share):
 
  14.11.2014                                      BTC0.00030785

[CreativeMining]

Dear Shareholders

Just a quick update. We have completed the expansion process in to 2nd server room of our mining facility. All racks are wired and ready for our S4 order which should be delivered next week.   

Our new logo:  https://i.imgur.com/zLBcwAO.png

                     https://i.imgur.com/erOHsOa.png

                     https://i.imgur.com/dXFZvmY.png

                     https://i.imgur.com/8gFwc1T.png

Creative Mining

"The future is bright"

[CreativeMining]

Creative Mining dividends 21.11.2014


Total Bitcoins mined:                                  BTC4.78023225

Creative Mining Investment Fund (35%):        BTC1.67308128

Total profit (65%):                                     BTC3.10715096

Maintenance fee:                                       BTC0

Electricity costs:                                        BTC0


Total dividend payout (per share):
 
  21.11.2014                                   BTC0.00031071

[CreativeMining]

Creative Mining dividends 28.11.2014


Total Bitcoins mined:                                  BTC4.76533780

Creative Mining Investment Fund (35%):        BTC1.66786823

Total profit (65%):                                     BTC3.09746957

Maintenance fee:                                       BTC0


Total dividend payout (per share):
 
  28.11.2014                                   BTC0.00030974

[CreativeMining]

Dear Shareholders

Our AntMiner S4 order has arrived yesterday. Eleven from twelve miners are hashing at just over 2Th/s each. One S4 is having power issues and We will send it back today and expect to receive a replacement in next two weeks time. Creative Mining total hashing power is now showing a huge ~75Th/s. Happy Mining!

 

Creative Mining

"The future is bright"

[CreativeMining]

Creative Mining Financial Statement 02.12.2014 (docx)

http://speedy.sh/VsCCW/Statement02.12.2014.docx

[Puppet]

Am I right when I say the operator has
- provided no mining address, no cryptographic/blockchain proof of hashrate
- No pictures of the mine or hardware (but plenty of logo's)
- No provable identification
- No endorsement from asic vendors


Is that correct?